HK Evolution
ActiveSummary
HK Evolution has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,746) and a net result of -€28,591. Equity is shrinking by ~102% per year across the filed fiscal years. Its solvency ranks better than 12% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-16
Solvency21▼-8
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.34 in 2024; short-term debt: 20.2% and cash: 0.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2025Solvency, return and age of the figures
Solvency
-4.5%
Return on assets
-8.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€15,746
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
13 d early
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€28,591▼ 711%
2024 · -€3,524
Working capital
-€53,121▼ 122%
2024 · -€23,942
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line202320242025
Operating result€39,074-€25,249▼ 35.4%-€164
Net result€11,370within the sector's middle half--€3,524within the sector's middle half-€28,591below the sector's middle half▼ 711%
Equity€16,370below the sector's middle half-€12,846below the sector's middle half▼ 21.5%-€15,746below the sector's middle half
Total assets€382,042within the sector's middle half-€356,445below the sector's middle half▼ 6.7%€353,834within the sector's middle half▼ 0.7%
Debt€365,672-€343,600▼ 6.0%€369,580▲ 7.6%
Working capital-€43,778--€23,942▲ 45.3%-€53,121▼ 122%
Solvency4.3%below the sector's middle half-3.6%below the sector's middle half▼ 0.7pp-4.5%below the sector's middle half▼ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €164 after €25,249 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,834
Fixed assets
€335,574 ▼ 2.5%
Current assets
€18,260 ▲ 48.9%
Key figures and ratios
EBITDA
€8,443▼
2024 · €33,680
Cash flow
-€19,985▼
2024 · €4,907
Current ratio
0.26▼
2024 · 0.34
Debt to equity
-23.47▼
2024 · 26.75
ROA
-8.1%▼
2024 · -1.0%
Interest coverage
0.30▼
2024 · 1.18
Debt ≤ 1 year
€71,381▲
2024 · €36,206
Debt > 1 year
€295,445▼
2024 · €307,394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,449 | €8,431 | €8,607 | ▲ 2.1% |
| Other operating charges640/8 | €5,960 | €992 | €357 | ▼ 64.0% |
| Non-recurring operating charges66A | - | €8,271 | - | - |
| Gross operating margin9900 | €55,483 | €42,943 | €8,800 | ▼ 79.5% |
| Operating profit (loss)9901 | €39,074 | €25,249 | -€164 | ▼ 101% |
| Financial charges65/66B | €22,014 | €28,773 | €28,428 | ▼ 1.2% |
| Recurring financial charges65 | €22,014 | €28,567 | €28,208 | ▼ 1.3% |
| Non-recurring financial charges66B | - | €207 | €219 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €17,060 | -€3,524 | -€28,591 | ▼ 711% |
| Income taxes67/77 | €5,690 | - | - | - |
| Profit (loss) for the period9904 | €11,370 | -€3,524 | -€28,591 | ▼ 711% |
| Profit (loss) for the period to be appropriated9905 | €11,370 | -€3,524 | -€28,591 | ▼ 711% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €382,042 | €356,445 | €353,834 | ▼ 0.7% |
| Fixed assets21/28 | €378,596 | €344,181 | €335,574 | ▼ 2.5% |
| Tangible fixed assets22/27 | €63,595 | €29,180 | €20,573 | ▼ 29.5% |
| Plant, machinery and equipment23 | - | €761 | €578 | ▼ 24.0% |
| Furniture and vehicles24 | €63,595 | €28,419 | €19,995 | ▼ 29.6% |
| Financial fixed assets28 | €315,001 | €315,001 | €315,001 | = |
| Current assets29/58 | €3,446 | €12,264 | €18,260 | ▲ 48.9% |
| Amounts receivable within one year40/41 | €930 | €4,046 | €12,058 | ▲ 198% |
| Trade receivables40 | €484 | €4,046 | €10,857 | ▲ 168% |
| Other amounts receivable41 | €447 | - | €1,201 | - |
| Cash at bank and in hand54/58 | €2,064 | €285 | €299 | ▲ 4.9% |
| Deferred charges and accrued income490/1 | €452 | €7,934 | €5,903 | ▼ 25.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €382,042 | €356,445 | €353,834 | ▼ 0.7% |
| Equity10/15 | €16,370 | €12,846 | -€15,746 | ▼ 223% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €11,370 | €11,370 | €11,370 | = |
| Distributable reserves133 | €11,370 | €11,370 | €11,370 | = |
| Profit (loss) carried forward14 | - | -€3,524 | -€32,116 | ▼ 811% |
| Amounts payable17/49 | €365,672 | €343,600 | €369,580 | ▲ 7.6% |
| Amounts payable after more than one year17 | €318,449 | €307,394 | €295,445 | ▼ 3.9% |
| Financial debts170/4 | €318,449 | €307,394 | €295,445 | ▼ 3.9% |
| Amounts payable within one year42/48 | €47,223 | €36,206 | €71,381 | ▲ 97.2% |
| Current portion of amounts payable after more than one year42 | €10,229 | €11,055 | €11,949 | ▲ 8.1% |
| Trade debts44 | €388 | €3,692 | €6,886 | ▲ 86.5% |
| Suppliers440/4 | €388 | €3,692 | €6,886 | ▲ 86.5% |
| Taxes, remuneration and social security45 | €4,585 | €3,113 | - | - |
| Taxes450/3 | €4,585 | €1,863 | - | - |
| Remuneration and social security454/9 | - | €1,250 | - | - |
| Other amounts payable47/48 | €32,022 | €18,347 | €52,546 | ▲ 186% |
| Accrued charges and deferred income492/3 | - | - | €2,754 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,370 | -€3,524 | -€28,591 | ▼ 711% |
| + Depreciation and write-downs630 | €10,449 | €8,431 | €8,607 | ▲ 2.1% |
| Operating cash flow (approximation) | €21,819 | €4,907 | -€19,985 | ▼ 507% |
| Investment in fixed assets (approximation) | - | €25,984 | €0 | ▼ 100% |
| Change in cash | - | -€1,779 | €14 | ▲ 101% |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€28,591
Net result drops to -€28,591, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anderlues · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Industrie 16150 Anderlues1 establishment unit
HK Evolution
since 20232.342.419.742
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 4
-
20%
-
15.98%
-
10%
-
0.08%
According to the 2025 annual accounts of HK Evolution and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 4,995 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
Founded17-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Contact
E-mail
kendy.hubeau@gmail.com
Phone
+32479823724
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798605057
Also
9925:BE0798605057
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.