Active BE 0465.096.984Private limited company

KAP EVOLUTION

Joseph Stevensstraat 7 ·1000 Brussel, Belgium· 27 yrs active

Sector: Wholesale of information and communication equipment (46500)

Conclusion Checked

KAP EVOLUTION has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €228k and a net result of €-2k. Its solvency ranks better than 94% of 549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€228k
Net result	€-2k
Staff (FTE)	2.4
Better than sector	94%

Financial profile 5 of 5 axes measured · computed by Checked

67 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 0

Solvency 100

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1998, 27 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

78 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€18k

estimate, not credit advice

Score history

73 2023

78 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 6.62 (≥ 1.5) +10

Quick ratio Quick ratio 6.62 (≥ 1.0) +5

Leverage Debt/equity 0.17 (< 1.0) +10

Profitability Negatieve ROE -1% -10

Interest coverage Interest coverage 71.0× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview26 NBB filings

Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · full schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	85.5%	31.0%	better than 94% of 549 sector peers
Net result	€-2k	€47k	better than 27% of 549 sector peers
Equity	€228k	€468k	better than 41% of 550 sector peers
Gross operating margin	€216k	€125k	better than 61% of 339 sector peers
Staff costs	€206k	€494k	higher than 36% of 404 sector peers

EBITDA

€7k

-51.6% 23-24

Net profit

€-2k

+60.3% 23-24

Cash flow

€4k

-64.0% 23-24

Total assets

€267k

-16.0% 23-24

Equity

€228k

-0.7% 23-24

Working capital

€218k

-1.0% 23-24

Employees (FTE)

2

-14.3% 23-24

Staff costs

€206k

-7.3% 23-24

Income taxes

€2k

+16.4% 23-24

Debt

€39k

-56.0% 23-24

Debt ≤ 1y

€39k

-53.5% 23-24

Debt > 1y

€5k

- 23-24

Current ratio

6.62

+82.0% 23-24

Quick ratio

6.62

+82.0% 23-24

Solvency

85.5%

+18.2% 23-24

Debt / equity

0.17

-55.6% 23-24

ROE

-0.7%

+60.0% 23-24

ROA

-0.6%

+52.7% 23-24

Interest coverage

71.01

-9.7% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	full schema	full schema
Revenue	-	-
EBITDA	€7k	€14k
Net profit	€-2k	€-4k
Cash flow	€4k	€11k
Staff costs	€206k	€223k
Income taxes	€2k	€2k
Dividends	-	-
Total assets	€267k	€318k
Equity	€228k	€230k
Debt	€39k	€88k
of which ≤ 1y	€39k	€84k
of which > 1y	-	€5k
Working capital	€218k	€220k
Employees (FTE)	2.4	2.8

Ratios (computed)

	2024	2023
Current ratio	6.62	3.64
Quick ratio	6.62	3.64
Working capital ratio	81.7%	69.3%
Solvency	85.5%	72.3%
Debt / equity	0.17	0.38
Long-term debt ratio	-	0.02
Interest coverage	71.01	78.60
Gross margin	-	-
Net margin	-	-
ROA	-0.6%	-1.3%
ROE	-0.7%	-1.8%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €10k · 3.8% Current assets €257k · 96.2%

Equity & liabilities

Equity €228k · 85.5% Debt €39k · 14.5%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€267k	€318k
Fixed assets	21/28	€10k	€14k
Tangible fixed assets	22/27	€10k	€14k
Financial fixed assets	28	€547	€547
Current assets	29/58	€257k	€304k
Amounts receivable within one year	40/41	€236k	€274k
Cash & bank	54/58	€17k	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€267k	€318k
Equity	10/15	€228k	€230k
Contributions / capital	10/11	€139k	€139k
Reserves	13	€50k	€50k
Accumulated profits (losses)	14	€40k	€42k
Amounts payable	17/49	€39k	€88k
Amounts payable after one year	17	-	€5k
Amounts payable within one year	42/48	€39k	€84k
Trade debts payable within one year	44	€10k	€44k
Income statement
Gross operating margin	9900	€216k	€237k
Operating result	9901	€830	€-2k
Financial income	75	-	€35
Financial charges	65	€92	€172
Result before taxes	9903	€738	€-2k
Income taxes	67/77	€2k	€2k
Net result for the period	9904	€-2k	€-4k
Result to be appropriated	9905	€-2k	€-4k

Legal Structure

NACE primary	Wholesale of information and communication equipment(46500)
Legal form	Private limited company(610)
Incorporation	30-12-1998
Status	Active
Postal code	1000

Establishment units 1 location

Rue de l'Avancée Numérique 1, 4430 Ans

Manufacture of other transport equipment

since 19992.091.018.904

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21808H1372/00K000	Brussels	2,159 m²	1 · 2,113 m²	88.8 m · 7 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 10Filings 10

2025

30-07