Equity
EvoPlus paid out €160,000 in dividends. That is 97% of the 2025 profit.
EvoPlus paid out €160,000 in dividends. That is 97% of the 2025 profit.
Of this, €234,002 falls due within a year.
The last five annual accounts were filed 0 to 75 days before the end of the period.
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 33% of them on solvency, 51% on liquidity, 88% on profitability and 50% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as EvoPlus has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EvoPlus itself is lower: 0.2% within 12 months. It rests on far more data about EvoPlus than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for EvoPlus. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.12 (1.06 in 2024), below the usual 1.5. Short-term debt is 58.8% and cash 32.7% of total assets. 73.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| EvoPlus Oudenaarde | €397,803 | €615,666 | 26.8% | 5.9 |
| Vlaams Instituut voor Kwaliteit van Zorg Brussels | €328,291 | €732,607 | 24.9% | 7.6 |
| Smart2Circle Liège | €476,048 | €648,641 | 44.3% | 8.5 |
| Mylubricants Belgium Liège | €565,755 | €673,609 | 21.2% | 8.2 |
| SOL-EX Gembloux | €550,087 | €620,003 | 47.5% | 7.7 |
| MULTITECHNICAL PUBLICATION SERVICES Ghent | €588,277 | €704,665 | 77.8% | 5.7 |
| SECUREASY Gembloux | €558,767 | €392,384 | 31.1% | 5.3 |
These companies have the same main activity as EvoPlus: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €328,000 and €588,000, founded between 2014 and 2019.
EvoPlus files the abbreviated format. That format states no turnover. The gross margin rose from €51,860 in 2019 to €615,666 in 2025.
Thea holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.4m. Estimated: probably between €870,000 and €2.5m.
Higher than 35% of 818 companies in 2025.
Higher than 31% of 783 companies in 2025.
Higher than 94% of 791 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 1 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
397,803 | 502,592 | 306,265 | 286,836 | 273,121 | 205,833 | 117,979 | |
21/28 |
135,078 | 160,422 | 106,039 | 68,727 | 57,721 | 77,537 | 54,296 | |
21 |
3,008 | 6,242 | 12,765 | 20,765 | 28,765 | 37,003 | 554 | |
22/27 |
84,230 | 106,780 | 51,874 | 16,992 | 26,756 | 40,534 | 53,742 | |
23 |
2,814 | 4,506 | 5,021 | 5,467 | 888 | 1,870 | 1,018 | |
24 |
81,285 | 101,860 | 46,155 | 10,545 | 24,605 | 38,664 | 52,724 | |
26 |
130 | 414 | 697 | 980 | 1,264 | - | - | |
28 |
47,840 | 47,400 | 41,400 | 30,970 | 2,200 | - | - | |
29/58 |
262,726 | 342,170 | 200,226 | 218,109 | 215,400 | 128,296 | 63,683 | |
29 |
8,981 | 20,524 | - | - | - | - | - | |
291 |
8,981 | 20,524 | - | - | - | - | - | |
40/41 |
103,431 | 133,497 | 103,985 | 69,670 | 68,676 | 59,130 | 34,858 | |
40 |
91,889 | 122,254 | 85,794 | 69,670 | 68,676 | 58,430 | 34,858 | |
41 |
11,542 | 11,243 | 18,192 | - | - | 699 | - | |
54/58 |
129,890 | 179,075 | 91,469 | 147,100 | 141,038 | 63,409 | 22,084 | |
490/1 |
20,423 | 9,074 | 4,772 | 1,339 | 5,686 | 5,758 | 6,740 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
397,803 | 502,592 | 306,265 | 286,836 | 273,121 | 205,833 | 117,979 | |
10/15 |
106,798 | 102,206 | 101,467 | 112,581 | 166,039 | 78,965 | 17,620 | |
10/11 |
13,330 | 13,330 | 13,330 | 13,330 | 13,330 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | |
13 |
88,876 | 88,876 | 88,137 | 99,251 | 152,709 | 66,565 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | |
133 |
88,876 | 88,876 | 88,137 | 97,391 | 150,849 | 64,705 | - | |
14 |
4,592 | - | - | - | - | - | 3,360 | |
17/49 |
291,005 | 400,386 | 204,798 | 174,255 | 107,082 | 126,868 | 100,358 | |
17 |
56,028 | 76,623 | 2,500 | 3,750 | 17,350 | 35,574 | 55,909 | |
170/4 |
56,028 | 76,623 | 2,500 | 3,750 | 17,350 | 35,574 | 55,909 | |
42/48 |
234,002 | 323,097 | 202,298 | 170,505 | 89,732 | 91,293 | 44,450 | |
42 |
20,594 | 19,956 | 1,250 | 13,600 | 18,224 | 20,335 | 20,148 | |
44 |
43,296 | 54,592 | 65,099 | 23,076 | 16,213 | 4,325 | 9,106 | |
440/4 |
43,296 | 54,592 | 65,099 | 23,076 | 16,213 | 4,325 | 9,106 | |
45 |
93,112 | 75,299 | 61,474 | 59,349 | 52,576 | 46,472 | 15,131 | |
450/3 |
36,310 | 27,729 | 22,226 | 31,480 | 23,151 | 25,908 | 5,368 | |
454/9 |
56,802 | 47,571 | 39,247 | 27,869 | 29,425 | 20,564 | 9,764 | |
47/48 |
77,000 | 173,250 | 74,475 | 74,479 | 2,718 | 20,162 | 64 | |
492/3 |
975 | 666 | - | - | - | - | - | |
| Income statement | ||||||||
76A |
2,534 | 593 | - | - | - | - | - | |
9900 |
615,666 | 558,354 | 414,155 | 331,773 | 284,994 | 204,076 | 51,860 | |
62 |
359,205 | 285,558 | 213,913 | 189,309 | 143,082 | 102,770 | 23,143 | |
630 |
28,559 | 17,658 | 27,597 | 23,474 | 23,432 | 18,396 | 18,697 | |
640/8 |
988 | 547 | 484 | 419 | 659 | 119 | 270 | |
66A |
0 | 5,276 | - | - | - | - | - | |
9901 |
226,914 | 249,315 | 172,160 | 118,572 | 117,820 | 82,791 | 9,750 | |
75/76B |
799 | 725 | 1,005 | 1 | 0 | 9 | - | |
75 |
799 | 725 | 0 | 1 | 0 | 9 | - | |
76B |
- | - | 1,005 | - | - | - | - | |
65/66B |
3,067 | 2,455 | 468 | 598 | 2,129 | 1,103 | 409 | |
65 |
3,067 | 2,455 | 468 | 598 | 2,129 | 1,103 | 409 | |
9903 |
224,645 | 247,585 | 172,697 | 117,974 | 115,691 | 81,697 | 9,341 | |
67/77 |
60,053 | 66,846 | 43,811 | 31,432 | 29,547 | 20,352 | 4,121 | |
9904 |
164,592 | 180,739 | 128,886 | 86,542 | 86,144 | 61,345 | 5,220 | |
9905 |
164,592 | 180,739 | 128,886 | 86,542 | 86,144 | 61,345 | 5,220 | |
| Appropriation of the result | ||||||||
9906 |
164,592 | 180,739 | 128,886 | 86,542 | 86,144 | 64,705 | 5,220 | |
791/2 |
- | - | 11,114 | 53,458 | - | - | - | |
691/2 |
0 | 739 | - | - | 86,144 | 64,705 | 1,860 | |
6920 |
0 | - | - | - | - | - | 1,860 | |
6921 |
- | 739 | - | - | 86,144 | 64,705 | - | |
694/7 |
160,000 | 180,000 | 140,000 | 140,000 | - | - | - | |
694 |
160,000 | 180,000 | - | - | - | - | - | |
695 |
- | - | 140,000 | 140,000 | - | - | - | |
| Social balance sheet | ||||||||
9087 |
5.9 | 5 | 3.9 | 3.8 | 3.2 | 2.9 | 1.3 | |
Hours worked1013 |
9,205 | 8,386 | 6,527 | 6,152 | 5,360 | 4,531 | 1,024 | |
| Document | ||||||||
The notes to these accounts have 26 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00377703 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00124599 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00156410 | |
| 31-12-2022 | micro format | 17-05-2023 | 2023-00089804 | |
| 31-12-2021 | micro format | 19-05-2022 | 2022-20029754 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-19400244 | |
| 31-12-2019 | micro format | 14-05-2020 | 2020-12300056 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 255,473 | 266,973 | 199,757 | 142,046 | 141,252 | 101,187 | 28,447 | ||
| 193,151 | 198,398 | 156,483 | 110,016 | 109,576 | 79,741 | 23,918 | ||
| 3,215 | 117,317 | 66,500 | 34,480 | 3,617 | 41,636 | 72,994 | ||
| -49,185 | 87,606 | -55,631 | 6,061 | 77,629 | 41,325 | - | ||
| 28,724 | 19,073 | -2,072 | 47,604 | 125,668 | 37,003 | 19,233 | ||
| 26.8% | 20.3% | 33.1% | 39.2% | 60.8% | 38.4% | 14.9% | ||
| 1.12 | 1.06 | 0.99 | 1.28 | 2.40 | 1.41 | 1.43 | ||
| 2.72 | 3.92 | 2.02 | 1.55 | 0.64 | 1.61 | 5.70 | ||
| 154.1% | 176.8% | 127.0% | 76.9% | 51.9% | 77.7% | 29.6% | ||
| 41.4% | 36.0% | 42.1% | 30.2% | 31.5% | 29.8% | 4.4% | ||
| 83.29 | over 100 | over 100 | over 100 | 66.35 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 7 | 5 | 4 | 4 |
| full-time | 3 | 3 | 3 | 3 | 4 |
| part-time | 4 | 4 | 2 | 1 | - |
| in full-time equivalents | 5.7 | 5.9 | 4.3 | 3.3 | 4 |
| 5.9 | 5 | 3.9 | 3.8 | 3.2 | |
| On a permanent contract | 7 | 7 | 5 | 4 | 4 |
| Joined | 1 | - | - | - | - |
| Left | 1 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €775 | €109,817 | €56,070 | €5,710 | €1,417 |
| Intangible fixed assets | €2,000 | €1,500 | - | - | - |
| Financial fixed assets | €440 | €6,000 | €10,430 | €28,770 | €2,200 |
| €28,559 | €17,658 | €27,597 | €23,474 | €23,432 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is 9% lower than in 2024.
Debt's share of the balance-sheet total falls from 79.7% to 73.2%. Equity is higher and debt is lower.
Further up the chainVM HOLD 54%Vande Moortel Services 75%
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of Thea. Every holding stands with its own latest accounts.
Part of the group Vande Moortel Services Group, risk and exposure| MARCHAND CONSTRUCTION SERVICES
registered office since 01-02-2024 · founded in 2024 |
total assets €109,318 (2025) 1005.500.911 |
| TM MISSIAEN ENGINEERING – EVOPLUS BV
registered office since 30-03-2020 |
founded in 2020 0746.425.391 |
The network starts from the directors of EvoPlus. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Vogelkersstraat 5 registered office 9700 Oudenaarde | 02-10-2018 | 2.280.314.008 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45505A0019/00X000 | 1,127 m² | 1 · 195 m² | 9.3 m · 2 |
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