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EVS - PROJECTS

Active
Private limited companyfounded 2012active for 14 yearsKrelstraat 9, 3600 Genk, BelgiumKBO/BCE: BE 0846.298.571

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 27-06-2026 at the NBB all 13 filings

Amounts without an identifiable currency are taken as euros.

Turnover
≈ €260,000
Estimated: probably between €190,000 and €370,000
Total assets
€66,986▼ 17.2%
2024 · €80,887
Net result
€16,167▲ 273%
2024 · €4,338
Working capital
€24,677▲ 22.8%
2024 · €20,088
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 118% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.

Operating result€29,157 2025 Net result€16,167 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€13,534-€468€4,935▲ 954%€23,491▲ 376%€21,706▼ 7.6%€15,977▼ 26.4%€13,399▼ 16.1%€29,157▲ 118%
Net result-€15,933--€3,811▲ 76.1%€2,383within the sector's middle half€15,116within the sector's middle half▲ 534%€10,920within the sector's middle half▼ 27.8%€7,746within the sector's middle half▼ 29.1%€4,338within the sector's middle half▼ 44.0%€16,167within the sector's middle half▲ 273%
Equity€12,116-€8,305▼ 31.5%€10,688below the sector's middle half▲ 28.7%€24,204within the sector's middle half▲ 126%€15,517below the sector's middle half▼ 35.9%€21,663within the sector's middle half▲ 39.6%€26,001within the sector's middle half▲ 20.0%€42,168within the sector's middle half▲ 62.2%
Total assets€47,509-€35,540▼ 25.2%€26,274below the sector's middle half▼ 26.1%€67,276below the sector's middle half▲ 156%€37,618below the sector's middle half▼ 44.1%€67,321within the sector's middle half▲ 79.0%€80,887within the sector's middle half▲ 20.2%€66,986within the sector's middle half▼ 17.2%
Debt€35,393-€27,235▼ 23.1%€15,585▼ 42.8%€43,073▲ 176%€22,101▼ 48.7%€45,659▲ 107%€54,886▲ 20.2%€24,818▼ 54.8%
Working capital€9,257-€890▼ 90.4%-€2,996below the sector's middle half€12,406within the sector's middle half€6,204within the sector's middle half▼ 50.0%€4,589within the sector's middle half▼ 26.0%€20,088within the sector's middle half▲ 338%€24,677within the sector's middle half▲ 22.8%
Solvency25.5%-23.4%▼ 2.1pp40.7%within the sector's middle half▲ 17.3pp36.0%within the sector's middle half▼ 4.7pp41.2%within the sector's middle half▲ 5.3pp32.2%within the sector's middle half▼ 9.1pp32.1%within the sector's middle half=63.0%within the sector's middle half▲ 30.8pp
Current ratio1.29-1.03▼ 0.250.80below the sector's middle half▼ 0.231.29within the sector's middle half▲ 0.481.29within the sector's middle half=1.17within the sector's middle half▼ 0.121.66within the sector's middle half▲ 0.492.51within the sector's middle half▲ 0.84
Return on assets (ROA)-33.5%--10.7%▲ 22.8pp9.1%within the sector's middle half▲ 19.8pp22.5%above the sector's middle half▲ 13.4pp29.0%above the sector's middle half▲ 6.6pp11.5%within the sector's middle half▼ 17.5pp5.4%within the sector's middle half▼ 6.1pp24.1%above the sector's middle half▲ 18.8pp
Staff (FTE)0.30.8
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66,986
Fixed assets €25,935 ▼ 14.9%
Current assets €41,051 ▼ 18.5%
Equity and liabilities €66,986
Equity €42,168 ▲ 62.2%
Debt €24,818 ▼ 54.8%
Debt's share of the balance-sheet total falls from 67.9% to 37.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€33,709▲
2024 · €19,029
Cash flow
€20,719▲
2024 · €9,968
Debt to equity
0.59▼
2024 · 2.11
ROE
38.3%▲
2024 · 16.7%
Interest coverage
7.33▲
2024 · 2.69
Debt ≤ 1 year
€16,374▼
2024 · €30,311
Debt > 1 year
€8,444▼
2024 · €23,598
Income taxes
€10,663▲
2024 · €2,672
Staff costs
€30,670▲
2024 · €1,487
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as EVS - PROJECTS: plumbing work (NACE 43221). They are comparable in size and age: total assets between €59,700 and €87,700, founded between 2010 and 2014.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
EVS - PROJECTS Genk2012€66,986€42,168€65,809€16,1672025
VANDENBULCKE PETER Wervik2011€59,735€28,135€86,284€5,8842025
HEATING SYSTEMS Leuven2013€86,445€57,681€56,890€29,8252025
G.V.N. SERVICE Haaltert2013€87,672€69,768€60,038€1,7452025
SD TECHNICS SOLUTIONS Brussel2012€77,751€54,875€48,006€27,1342025
DA CAPO Jodoigne2010€75,634€32,104€94,438-€37,8662025
DETECTO Braine-le-Château2014€85,498€52,547€81,285€17,2182025

They were chosen from the 3,452 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as EVS - PROJECTS has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

That fits the bankruptcy probability of EVS - PROJECTS itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,693 companies, not a prediction for EVS - PROJECTS. 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.

Subsidies and aid

Flemish government

2023 · 1 entry · €360 awarded · €360 paid
Schemes
1 entry · €360 · €360 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines

Source: Annual accounts 2025 at the NBB, filed on 27-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€80,887€66,986▼
Fixed assets21/28€30,487€25,935▼
Tangible fixed assets22/27€29,417€24,865▼
Land and buildings22€24,276€21,417▼
Plant, machinery and equipment23€2,292€1,618▼
Furniture and vehicles24€2,850€1,830▼
Financial fixed assets28€1,070€1,070=
Current assets29/58€50,400€41,051▼
Amounts receivable within one year40/41€21,775€20,610▼
Trade receivables40€19,267€8,276▼
Other amounts receivable41€2,508€12,333▲
Cash at bank and in hand54/58€10,154€20,439▲
Deferred charges and accrued income490/1€18,470€2▼
Equity and liabilities
Total equity and liabilities10/49€80,887€66,986▼
Equity10/15€26,001€42,168▲
Contributions10/11€7,000€7,000=
Reserves13€14,659€29,659▲
Distributable reserves133€14,659€29,659▲
Profit (loss) carried forward14€4,342€5,509▲
Amounts payable17/49€54,886€24,818▼
Amounts payable after more than one year17€23,598€8,444▼
Financial debts170/4€23,598€8,444▼
Amounts payable within one year42/48€30,311€16,374▼
Current portion of amounts payable after more than one year42€4,805€5,155▲
Financial debts43-€3,329
Credit institutions430/8-€3,329
Trade debts44€1,269€2,840▲
Suppliers440/4€1,269€2,840▲
Advances received on contracts in progress46€1,500-
Taxes, remuneration and social security45€11,490€5,051▼
Taxes450/3€8,290€4,467▼
Remuneration and social security454/9€3,200€584▼
Other amounts payable47/48€11,248-
Accrued charges and deferred income492/3€976-
Income statement Code20242025
Remuneration, social security and pensions62€1,487€30,670▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,630€4,552▼
Other operating charges640/8€2,014€1,430▼
Non-recurring operating charges66A€797-
Gross operating margin9900€23,327€65,809▲
Operating profit (loss)9901€13,399€29,157▲
Financial income75/76B€691€2,273▲
Recurring financial income75€691€2,273▲
Financial charges65/66B€7,081€4,600▼
Recurring financial charges65€7,081€4,600▼
Profit (loss) for the period before taxes9903€7,010€26,830▲
Income taxes67/77€2,672€10,663▲
Profit (loss) for the period9904€4,338€16,167▲
Profit (loss) for the period to be appropriated9905€4,338€16,167▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,342€20,509▲
Profit (loss) brought forward from the previous period14P€4€4,342▲
Transfer to equity691/2-€15,000
To other reserves6921-€15,000

The notes to these accounts have 6 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.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62-----€20,495€1,487€30,670▲ 21×
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,656€5,400€2,362€3,352€3,527€4,712€5,630€4,552▼ 19.1%
Other operating charges640/8---€2,628€1,559€1,724€2,014€1,430▼ 29.0%
Non-recurring operating charges66A------€797--
Gross operating margin9900€1,486€6,658€8,856€29,472€26,792€42,907€23,327€65,809▲ 182%
Operating profit (loss)9901-€13,534€468€4,935€23,491€21,706€15,977€13,399€29,157▲ 118%
Financial income75/76B---€1,065€990€605€691€2,273▲ 229%
Recurring financial income75€0€8€461€1,065€990€605€691€2,273▲ 229%
Financial charges65/66B---€6,160€4,532€4,388€7,081€4,600▼ 35.0%
Recurring financial charges65€2,055€4,135€2,883€6,160€4,532€4,388€7,081€4,600▼ 35.0%
Profit (loss) for the period before taxes9903-€15,589-€3,659€2,514€18,396€18,163€12,194€7,010€26,830▲ 283%
Income taxes67/77€344€152€131€3,281€7,243€4,449€2,672€10,663▲ 299%
Profit (loss) for the period9904-€15,933-€3,811€2,383€15,116€10,920€7,746€4,338€16,167▲ 273%
Profit (loss) for the period to be appropriated9905-€15,933-€3,811€2,383€15,116€10,920€7,746€4,338€16,167▲ 273%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€47,509€35,540€26,274€67,276€37,618€67,321€80,887€66,986▼ 17.2%
Formation expenses20€0€0€0------
Fixed assets21/28€6,053€7,416€13,907€11,798€9,862€36,117€30,487€25,935▼ 14.9%
Intangible fixed assets21€0€0€0------
Tangible fixed assets22/27€4,983€6,346€12,837€10,728€8,792€35,047€29,417€24,865▼ 15.5%
Land and buildings22---€5,883€4,813€27,830€24,276€21,417▼ 11.8%
Plant, machinery and equipment23---€992€2,027€2,965€2,292€1,618▼ 29.4%
Furniture and vehicles24---€3,852€1,952€4,251€2,850€1,830▼ 35.8%
Financial fixed assets28€1,070€1,070€1,070€1,070€1,070€1,070€1,070€1,070=
Current assets29/58€41,456€28,125€12,367€55,479€27,756€31,204€50,400€41,051▼ 18.5%
Stocks and contracts in progress3€0€0€0------
Amounts receivable within one year40/41€31,171€26,104€11,855€52,344€26,383€29,346€21,775€20,610▼ 5.4%
Trade receivables40---€35,749€11,663€20,294€19,267€8,276▼ 57.0%
Other amounts receivable41---€16,594€14,720€9,052€2,508€12,333▲ 392%
Current investments50/53€0€0€0------
Cash at bank and in hand54/58€0€0€0€2,932€388-€10,154€20,439▲ 101%
Deferred charges and accrued income490/1---€203€985€1,859€18,470€2▼ 100.0%
Equity and liabilities
Total equity and liabilities10/49€47,509€35,540€26,274€67,276€37,618€67,321€80,887€66,986▼ 17.2%
Equity10/15€12,116€8,305€10,688€24,204€15,517€21,663€26,001€42,168▲ 62.2%
Contributions10/11€7,000€7,000-€7,000€7,000€7,000€7,000€7,000=
Reserves13€18,471€18,471€18,471€18,471€8,513€14,659€14,659€29,659▲ 102%
Non-distributable reserves130/1---€463€463----
Reserves not available under the articles1311---€463€463----
Distributable reserves133---€18,007€8,050€14,659€14,659€29,659▲ 102%
Profit (loss) carried forward14-€13,355-€17,165-€14,782-€1,267€4€4€4,342€5,509▲ 26.9%
Amounts payable17/49€35,393€27,235€15,585€43,073€22,101€45,659€54,886€24,818▼ 54.8%
Amounts payable after more than one year17€3,194----€18,403€23,598€8,444▼ 64.2%
Financial debts170/4-----€18,403€23,598€8,444▼ 64.2%
Amounts payable within one year42/48€32,199€27,235€15,363€43,073€21,552€26,615€30,311€16,374▼ 46.0%
Current portion of amounts payable after more than one year42---€1,009€1,009€4,475€4,805€5,155▲ 7.3%
Financial debts43-----€8,501-€3,329-
Credit institutions430/8-----€8,501-€3,329-
Trade debts44€13,825€8,611€1,508€37,630€1,738€771€1,269€2,840▲ 124%
Suppliers440/4---€37,630€1,738€771€1,269€2,840▲ 124%
Advances received on contracts in progress46------€1,500--
Taxes, remuneration and social security45---€3,954€17,205€11,269€11,490€5,051▼ 56.0%
Taxes450/3---€3,954€14,205€9,963€8,290€4,467▼ 46.1%
Remuneration and social security454/9----€3,000€1,306€3,200€584▼ 81.7%
Other amounts payable47/48---€480€1,600€1,600€11,248--
Accrued charges and deferred income492/3----€549€640€976--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€15,933-€3,811€2,383€15,116€10,920€7,746€4,338€16,167▲ 273%
+ Depreciation and write-downs630€7,656€5,400€2,362€3,352€3,527€4,712€5,630€4,552▼ 19.1%
Operating cash flow (approximation)-€8,277€1,589€4,745€18,468€14,447€12,457€9,968€20,719▲ 108%
Investment in fixed assets (approximation)--€6,762-€8,853-€1,243-€1,591-€30,967€0€0-
Change in cash-€0€0€2,932-€2,544--€10,285-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 13 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 27-06-2026 2026-00256352 NBB
31-12-2024 micro format 02-08-2025 2025-00353280 PDF
31-12-2023 micro format 31-07-2024 2024-00310065 PDF
31-12-2022 micro format 26-06-2023 2023-00156668 PDF
31-12-2021 micro format 19-07-2022 2022-20199140 PDF
31-12-2020 micro format 30-07-2021 2021-45600499 PDF
31-12-2019 micro format 25-08-2020 2020-47100258 PDF
31-12-2018 micro format 30-08-2019 2019-61100595 PDF
31-12-2017 micro format 13-07-2018 2018-33500343 PDF
31-12-2016 micro format 29-08-2017 2017-53400370 PDF

Show all 13 filings

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