EVOLVE PERFORMANCE
ActiveSummary
EVOLVE PERFORMANCE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €108,576 and a net result of €35,599. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+7
Solvency50▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.81 in 2023; short-term debt: 37.3% and cash: 11% of total assets), and 75.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.8%
Return on assets
8.1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11615 sector peers (2024).
NBB · sector comparisonPosition among 11615 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
7 d late
2022
68 d late
2021
61 d late
2020
18 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€108,576▲ 48.8%
2023 · €72,978
Total assets
€437,862▼ 8.5%
2023 · €478,420
Net result
€35,599▲ 230%
2023 · €10,786
Working capital
€6,063
2023 · -€40,055
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,776▼ 19.7%€37,430▲ 548%€9,447▼ 74.8%€16,619▲ 75.9%€54,604▲ 229%
Net result€4,155within the sector's middle half€36,088within the sector's middle half▲ 769%-€2,375below the sector's middle half€10,786within the sector's middle half€35,599within the sector's middle half▲ 230%
Equity€28,479within the sector's middle half▲ 17.1%€64,567within the sector's middle half▲ 127%€62,192within the sector's middle half▼ 3.7%€72,978within the sector's middle half▲ 17.3%€108,576within the sector's middle half▲ 48.8%
Total assets€418,656above the sector's middle half▲ 9.2%€444,558above the sector's middle half▲ 6.2%€459,744above the sector's middle half▲ 3.4%€478,420above the sector's middle half▲ 4.1%€437,862above the sector's middle half▼ 8.5%
Debt€390,177▲ 8.7%€379,991▼ 2.6%€397,552▲ 4.6%€405,443▲ 2.0%€329,286▼ 18.8%
Working capital-€55,137▲ 5.4%-€54,472▲ 1.2%-€44,769▲ 17.8%-€40,055▲ 10.5%€6,063
Solvency6.8%below the sector's middle half▲ 0.5pp14.5%below the sector's middle half▲ 7.7pp13.5%below the sector's middle half▼ 1.0pp15.3%below the sector's middle half▲ 1.7pp24.8%below the sector's middle half▲ 9.5pp
Staff (FTE)0.9within the sector's middle half▲ 50.0%1.4▲ 55.6%2.3▲ 64.3%2.1▼ 8.7%2.4▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 229% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €437,862
Fixed assets
€268,412 ▼ 11.3%
Current assets
€169,450 ▼ 3.7%
Equity and liabilities €437,862
Equity
€108,576 ▲ 48.8%
Debt
€329,286 ▼ 18.8%
Debt's share of the balance-sheet total falls from 84.7% to 75.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93,356▲
2023 · €55,554
Cash flow
€74,350▲
2023 · €49,722
Current ratio
1.04▲
2023 · 0.81
Quick ratio
0.72▲
2023 · 0.61
Debt to equity
3.03▼
2023 · 5.56
ROE
32.8%▲
2023 · 14.8%
ROA
8.1%▲
2023 · 2.3%
Interest coverage
7.58▼
2023 · 8.52
Debt ≤ 1 year
€163,387▼
2023 · €216,006
Debt > 1 year
€164,844▼
2023 · €187,246
Income taxes
€7,072▲
2023 · €856
Staff costs
€120,773▲
2023 · €106,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47,859 | €93,685 | €106,173 | €120,773 | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,486 | €33,820 | €35,879 | €38,936 | €38,752 | ▼ 0.5% |
| Other operating charges640/8 | - | €5,079 | €3,225 | €3,765 | €4,345 | ▲ 15.4% |
| Non-recurring operating charges66A | - | - | - | €1,812 | - | - |
| Gross operating margin9900 | €65,503 | €124,189 | €142,236 | €167,305 | €218,474 | ▲ 30.6% |
| Operating profit (loss)9901 | €5,776 | €37,430 | €9,447 | €16,619 | €54,604 | ▲ 229% |
| Financial income75/76B | - | €5,760 | - | €1,545 | €380 | ▼ 75.4% |
| Recurring financial income75 | €5,486 | €5,760 | - | €1,545 | €380 | ▼ 75.4% |
| Financial charges65/66B | - | €7,102 | €11,823 | €6,521 | €12,314 | ▲ 88.8% |
| Recurring financial charges65 | €7,108 | €7,102 | €11,823 | €6,521 | €12,314 | ▲ 88.8% |
| Profit (loss) for the period before taxes9903 | €4,155 | €36,088 | -€2,375 | €11,643 | €42,670 | ▲ 267% |
| Income taxes67/77 | - | - | - | €856 | €7,072 | ▲ 726% |
| Profit (loss) for the period9904 | €4,155 | €36,088 | -€2,375 | €10,786 | €35,599 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €4,155 | €36,088 | -€2,375 | €10,786 | €35,599 | ▲ 230% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €418,656 | €444,558 | €459,744 | €478,420 | €437,862 | ▼ 8.5% |
| Fixed assets21/28 | €339,004 | €352,176 | €317,416 | €302,470 | €268,412 | ▼ 11.3% |
| Tangible fixed assets22/27 | €338,994 | €352,166 | €317,406 | €302,460 | €268,402 | ▼ 11.3% |
| Land and buildings22 | - | €268,456 | €255,074 | €242,206 | €230,673 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €47,605 | €37,830 | €28,452 | €18,727 | ▼ 34.2% |
| Furniture and vehicles24 | - | €36,105 | €24,502 | €31,802 | €19,002 | ▼ 40.2% |
| Financial fixed assets28 | €10 | €10 | €10 | €10 | €10 | = |
| Current assets29/58 | €79,652 | €92,382 | €142,328 | €175,950 | €169,450 | ▼ 3.7% |
| Stocks and contracts in progress3 | €18,950 | €29,700 | €35,800 | €44,713 | €52,253 | ▲ 16.9% |
| Stocks30/36 | - | €29,700 | €35,800 | €44,713 | €52,253 | ▲ 16.9% |
| Amounts receivable within one year40/41 | €3,703 | €37,273 | €87,830 | €102,049 | €64,724 | ▼ 36.6% |
| Trade receivables40 | - | €37,019 | €87,481 | €102,049 | €60,259 | ▼ 41.0% |
| Other amounts receivable41 | - | €253 | €349 | - | €4,465 | - |
| Cash at bank and in hand54/58 | €55,389 | €21,222 | €15,142 | €21,818 | €47,963 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | €4,188 | €3,555 | €7,371 | €4,510 | ▼ 38.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €418,656 | €444,558 | €459,744 | €478,420 | €437,862 | ▼ 8.5% |
| Equity10/15 | €28,479 | €64,567 | €62,192 | €72,978 | €108,576 | ▲ 48.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €733 | €733 | €733 | €733 | €733 | = |
| Non-distributable reserves130/1 | - | €733 | - | - | - | - |
| Reserves not available under the articles1311 | - | €733 | - | - | - | - |
| Distributable reserves133 | - | - | €733 | €733 | €733 | = |
| Profit (loss) carried forward14 | €21,546 | €57,634 | €55,259 | €66,045 | €101,644 | ▲ 53.9% |
| Amounts payable17/49 | €390,177 | €379,991 | €397,552 | €405,443 | €329,286 | ▼ 18.8% |
| Amounts payable after more than one year17 | €255,197 | €232,992 | €210,345 | €187,246 | €164,844 | ▼ 12.0% |
| Financial debts170/4 | - | €232,992 | €210,345 | €187,246 | €164,844 | ▼ 12.0% |
| Amounts payable within one year42/48 | €134,789 | €146,855 | €187,096 | €216,006 | €163,387 | ▼ 24.4% |
| Current portion of amounts payable after more than one year42 | - | €22,205 | €22,647 | €23,099 | €22,402 | ▼ 3.0% |
| Trade debts44 | €19,671 | €8,822 | €36,667 | €61,553 | €28,766 | ▼ 53.3% |
| Suppliers440/4 | - | €8,822 | €36,667 | €61,553 | €28,766 | ▼ 53.3% |
| Advances received on contracts in progress46 | - | - | €2,000 | €5,253 | - | - |
| Taxes, remuneration and social security45 | - | €23,599 | €36,378 | €33,307 | €48,068 | ▲ 44.3% |
| Taxes450/3 | - | €16,696 | €22,387 | €18,792 | €33,125 | ▲ 76.3% |
| Remuneration and social security454/9 | - | €6,903 | €13,990 | €14,515 | €14,943 | ▲ 2.9% |
| Other amounts payable47/48 | - | €92,229 | €89,405 | €92,794 | €64,151 | ▼ 30.9% |
| Accrued charges and deferred income492/3 | - | €144 | €111 | €2,191 | €1,054 | ▼ 51.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,155 | €36,088 | -€2,375 | €10,786 | €35,599 | ▲ 230% |
| + Depreciation and write-downs630 | €32,486 | €33,820 | €35,879 | €38,936 | €38,752 | ▼ 0.5% |
| Operating cash flow (approximation) | €36,641 | €69,908 | €33,504 | €49,722 | €74,350 | ▲ 49.5% |
| Investment in fixed assets (approximation) | - | -€46,992 | -€1,119 | -€23,990 | -€4,693 | ▲ 80.4% |
| Change in cash | - | -€34,167 | -€6,080 | €6,675 | €26,145 | ▲ 292% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €100,000Eq €108,576 ▲48.8%
2 profitable years in a row build equity to €108,576.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Back to profitnet €10,786
Net result €10,786 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet -€2,375
Net result drops to -€2,375, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €36,088 ▲769%
Net result €36,088, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Back to profitnet €4,155
Net result €4,155 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Show earlier events
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Somme-Leuze · 1 establishment unit since 2015
Ground area
2,671 m²
Building footprint
489 m²
Parcel 91101E0432/00P002, Wallonia. Linked by address, not a title deed.
1 establishment unit
EVOLVE PERFORMANCE
since 20152.239.699.514
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91101E0432/00P002 | Wallonia | 2,671 m² | 1 · 489 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
71121Engineering and related technical consultancy, excluding land surveyors
95313Repair and fitting of specific motor vehicle parts
95319Other maintenance and repair of motor vehicles
72109Other research and development on natural sciences
95314Bodywork repair (including spraying and painting)
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597780613
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.