GOLF EVOLUTION
Annual accounts 2025
micro format, filed on 30-04-2026, on the day of the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €68,000. Estimated: probably between €30,000 and €160,000.
Balance sheet
balance sheet total €38,154 on 30-09-2025in euro
in euro
Position in the sector
64.4%
Higher than 78% of 3,155 companies in 2025.
2.62
Higher than 78% of 3,032 companies in 2025.
3.0%
Higher than 51% of 3,060 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
38,154 | 34,283 | 41,887 | 26,022 | 51,819 | 49,394 | 46,027 | 57,800 | 42,995 | |
21/28 |
2,492 | 9,519 | 15,317 | 6,924 | 10,597 | 18,442 | 25,450 | 32,991 | 5,263 | |
22/27 |
2,492 | 9,519 | 15,317 | 6,924 | 10,597 | 18,442 | 25,450 | 32,991 | 5,263 | |
23 |
638 | 1,030 | 1,422 | 1,815 | - | - | - | - | - | |
24 |
1,854 | 8,489 | 13,895 | 5,110 | 10,597 | 18,442 | 25,450 | 32,991 | 5,263 | |
29/58 |
35,662 | 24,764 | 26,570 | 19,098 | 41,222 | 30,951 | 20,577 | 24,809 | 37,733 | |
3 |
1,739 | 1,238 | 306 | 1,006 | - | - | - | - | - | |
30/36 |
1,739 | 1,238 | 306 | 1,006 | - | - | - | - | - | |
40/41 |
22,953 | 15,686 | 10,681 | 6,915 | 16,977 | 6,093 | 3,945 | 9,438 | 5,191 | |
40 |
22,253 | 14,590 | 9,039 | 6,915 | 16,771 | 6,093 | 3,945 | 9,183 | 5,191 | |
41 |
700 | 1,096 | 1,643 | - | 207 | - | - | 255 | - | |
54/58 |
10,811 | 6,667 | 14,229 | 9,855 | 22,407 | 22,535 | 14,038 | 12,560 | 31,891 | |
490/1 |
160 | 1,174 | 1,355 | 1,322 | 1,838 | 2,323 | 2,594 | 2,812 | 651 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
38,154 | 34,283 | 41,887 | 26,022 | 51,819 | 49,394 | 46,027 | 57,800 | 42,995 | |
10/15 |
24,561 | 23,414 | 25,678 | 14,639 | 22,738 | 14,371 | 14,414 | 20,956 | 24,332 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
133 |
- | - | 3,140 | 3,140 | 3,140 | 3,140 | 3,140 | 3,140 | 3,140 | |
14 |
4,101 | 2,954 | 2,078 | -8,961 | -862 | -9,229 | -9,186 | -2,644 | 732 | |
17/49 |
13,593 | 10,869 | 16,210 | 11,383 | 29,080 | 35,023 | 31,613 | 36,844 | 18,663 | |
17 |
- | - | - | - | 2,758 | 9,378 | 15,998 | 22,618 | - | |
170/4 |
- | - | - | - | 2,758 | 9,378 | 15,998 | 22,618 | - | |
42/48 |
13,593 | 10,869 | 16,210 | 11,383 | 25,725 | 25,384 | 15,614 | 14,226 | 18,663 | |
42 |
- | - | - | 2,758 | 6,620 | 6,620 | 6,620 | 6,620 | - | |
44 |
3,742 | 3,395 | 7,582 | 6,447 | 5,481 | 6,993 | 4,583 | 4,264 | 6,555 | |
440/4 |
3,742 | 3,395 | 7,582 | 6,447 | 5,481 | 6,993 | 4,583 | 4,264 | 6,555 | |
45 |
9,851 | 7,474 | 8,627 | 2,005 | 4,759 | 4,193 | 2,780 | 2,331 | 11,369 | |
450/3 |
7,451 | 7,474 | 8,627 | 2,005 | 4,759 | 4,193 | 2,780 | 2,331 | 11,369 | |
454/9 |
2,400 | - | - | - | - | - | - | - | - | |
47/48 |
- | - | - | 172 | 8,865 | 7,577 | 1,631 | 1,011 | 738 | |
492/3 |
- | - | - | - | 598 | 261 | - | - | - | |
| Income statement | ||||||||||
9900 |
11,587 | 11,299 | 22,200 | 1,284 | 19,230 | 9,071 | 2,562 | 3,706 | 46,848 | |
62 |
- | - | - | - | - | - | - | - | 34,000 | |
630 |
7,027 | 7,136 | 5,448 | 8,107 | 7,846 | 7,618 | 7,541 | 4,713 | 2,631 | |
640/8 |
1,054 | 1,028 | 1,531 | 632 | 1,046 | 782 | 774 | 1,636 | 1,319 | |
9901 |
3,505 | 3,134 | 15,221 | -7,455 | 10,339 | 670 | -5,754 | -2,644 | 8,898 | |
75/76B |
146 | 123 | - | - | - | - | - | 49 | 158 | |
75 |
146 | 123 | - | - | - | - | - | 49 | 158 | |
65/66B |
405 | 223 | 441 | 310 | 550 | 466 | 531 | 423 | 50 | |
65 |
405 | 223 | 441 | 310 | 550 | 466 | 531 | 423 | 50 | |
9903 |
3,247 | 3,035 | 14,781 | -7,765 | 9,789 | 204 | -6,284 | -3,017 | 9,007 | |
67/77 |
2,100 | 2,159 | 3,742 | 335 | 1,422 | 248 | 257 | 360 | 3,274 | |
9904 |
1,147 | 876 | 11,038 | -8,099 | 8,367 | -43 | -6,541 | -3,377 | 5,732 | |
9905 |
1,147 | 876 | 11,038 | -8,099 | 8,367 | -43 | -6,541 | -3,377 | 5,732 | |
| Appropriation of the result | ||||||||||
9906 |
4,101 | 2,954 | 2,078 | -8,961 | -862 | -9,229 | -9,186 | -2,644 | 5,732 | |
14P |
2,954 | 2,078 | -8,961 | -862 | -9,229 | - | - | - | - | |
791/2 |
- | 3,140 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 5,000 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | - | 3,140 | |
694/7 |
- | 3,140 | - | - | - | - | - | - | - | |
694 |
- | 3,140 | - | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00096928 | |
| 30-09-2024 | micro format | 28-04-2025 | 2025-00077313 | |
| 30-09-2023 | micro format | 03-05-2024 | 2024-00080768 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00070159 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20017640 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12900183 | |
| 30-09-2019 | micro format | 21-04-2020 | 2020-10200165 | |
| 30-09-2018 | micro format | 18-04-2019 | 2019-10200565 | |
| 30-09-2017 | micro format | 21-03-2018 | 2018-07600451 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 10,532 | 10,271 | 20,669 | 652 | 18,185 | 8,289 | 1,787 | 2,069 | 11,529 | ||
| 8,174 | 8,013 | 16,486 | 8 | 16,213 | 7,575 | 1,000 | 1,336 | 8,364 | ||
| 0 | 1,338 | 16,669 | 4,435 | 0 | 611 | 0 | 37,704 | 7,894 | ||
| 4,144 | -7,562 | 4,374 | -12,553 | -128 | 8,497 | 1,479 | -19,332 | - | ||
| 22,069 | 13,895 | 10,361 | 7,715 | 15,498 | 5,568 | 4,963 | 10,583 | 19,070 | ||
| 64.4% | 68.3% | 61.3% | 56.3% | 43.9% | 29.1% | 31.3% | 36.3% | 56.6% | ||
| 2.62 | 2.28 | 1.64 | 1.68 | 1.60 | 1.22 | 1.32 | 1.74 | 2.02 | ||
| 2.50 | 2.16 | 1.62 | 1.59 | 1.60 | 1.22 | 1.32 | 1.74 | 2.02 | ||
| 0.55 | 0.46 | 0.63 | 0.78 | 1.28 | 2.44 | 2.19 | 1.76 | 0.77 | ||
| 4.7% | 3.7% | 43.0% | -55.3% | 36.8% | -0.3% | -45.4% | -16.1% | 23.6% | ||
| 3.0% | 2.6% | 26.4% | -31.1% | 16.1% | -0.1% | -14.2% | -5.8% | 13.3% | ||
| 26.03 | 46.15 | 46.88 | 2.11 | 33.09 | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,338 | €16,669 | €4,435 | - |
| €7,027 | €7,136 | €5,448 | €8,107 | €7,846 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on GOLF EVOLUTION
The operating result for 2025 is 12% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 31.7% to 35.6%. Equity and debt are higher.