NEVAN - CARE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 22 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €260,000
Estimated: probably between €220,000 and €380,000
Total assets
€561,519▲ 3.2%
2024 · €544,134
Net result
€69,114▲ 1.8%
2024 · €67,884
Working capital
€266,927▲ 13.7%
2024 · €234,750
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€105,795
▲ 0.2%
2025
20182025
Net result
€69,114
▲ 1.8%
2025
middle half of the sector
20182025
Equity
€341,311
▲ 10.6%
2025
middle half of the sector
20182025
Total assets
€561,519
▲ 3.2%
2025
middle half of the sector
20182025
Debt
€220,208
▼ 6.5%
2025
20182025
Working capital
€266,927
▲ 13.7%
2025
middle half of the sector
20182025
Solvency
60.8%
▲ 4.1pp
2025
middle half of the sector
20182025
Current ratio
6.14
▲ 0.28
2025
middle half of the sector
20182025
Return on assets (ROA)
12.3%
▼ 0.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€82,346-€87,760▲ 6.6%€95,608▲ 8.9%€74,546▼ 22.0%€87,022▲ 16.7%€82,812▼ 4.8%€105,582▲ 27.5%€105,795▲ 0.2%
Net result€42,673-€50,123▲ 17.5%€59,100within the sector's middle half▲ 17.9%€42,546within the sector's middle half▼ 28.0%€49,671within the sector's middle half▲ 16.7%€52,520within the sector's middle half▲ 5.7%€67,884within the sector's middle half▲ 29.3%€69,114within the sector's middle half▲ 1.8%
Equity€104,762-€141,385▲ 35.0%€180,076within the sector's middle half▲ 27.4%€195,122within the sector's middle half▲ 8.4%€228,793within the sector's middle half▲ 17.3%€259,312within the sector's middle half▲ 13.3%€308,697within the sector's middle half▲ 19.0%€341,311within the sector's middle half▲ 10.6%
Total assets€395,042-€399,485▲ 1.1%€435,545within the sector's middle half▲ 9.0%€436,871below the sector's middle half▲ 0.3%€445,327below the sector's middle half▲ 1.9%€478,235within the sector's middle half▲ 7.4%€544,134within the sector's middle half▲ 13.8%€561,519within the sector's middle half▲ 3.2%
Debt€290,280-€258,100▼ 11.1%€255,470▼ 1.0%€241,750▼ 5.4%€216,535▼ 10.4%€218,922▲ 1.1%€235,437▲ 7.5%€220,208▼ 6.5%
Working capital€65,089-€96,925▲ 48.9%€119,675within the sector's middle half▲ 23.5%€143,154within the sector's middle half▲ 19.6%€177,523within the sector's middle half▲ 24.0%€223,244within the sector's middle half▲ 25.8%€234,750within the sector's middle half▲ 5.2%€266,927within the sector's middle half▲ 13.7%
Solvency26.5%-35.4%▲ 8.9pp41.3%within the sector's middle half▲ 6.0pp44.7%within the sector's middle half▲ 3.3pp51.4%within the sector's middle half▲ 6.7pp54.2%within the sector's middle half▲ 2.8pp56.7%within the sector's middle half▲ 2.5pp60.8%within the sector's middle half▲ 4.1pp
Current ratio1.99-2.97▲ 0.983.33within the sector's middle half▲ 0.364.14within the sector's middle half▲ 0.816.21within the sector's middle half▲ 2.076.84above the sector's middle half▲ 0.635.86within the sector's middle half▼ 0.986.14within the sector's middle half▲ 0.28
Return on assets (ROA)10.8%-12.5%▲ 1.7pp13.6%within the sector's middle half▲ 1.0pp9.7%within the sector's middle half▼ 3.8pp11.2%within the sector's middle half▲ 1.4pp11.0%within the sector's middle half▼ 0.2pp12.5%within the sector's middle half▲ 1.5pp12.3%within the sector's middle half▼ 0.2pp
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). 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 operating result for 2025 is 0% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated 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 €561,519
Fixed assets
€242,649 ▼ 7.1%
Current assets
€318,869 ▲ 12.7%
Equity and liabilities €561,519
Equity
€341,311 ▲ 10.6%
Debt
€220,208 ▼ 6.5%
Debt's share of the balance-sheet total falls from 43.3% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€134,456▲
2024 · €125,268
Cash flow
€97,775▲
2024 · €87,570
Debt to equity
0.65▼
2024 · 0.76
ROE
20.2%▼
2024 · 22.0%
Interest coverage
20.33▲
2024 · 18.60
Debt ≤ 1 year
€51,943▲
2024 · €48,284
Debt > 1 year
€98,683▼
2024 · €115,731
Income taxes
€34,607▼
2024 · €35,060
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,807 | €5,734 | €1,229 | €64,479 | €10,210 |
| Financial fixed assets | - | €4 | €4 | - | - |
| Depreciation and write-downs of the year | €19,206 | €20,145 | €18,217 | €19,686 | €28,661 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,097 | - | €2,000 | €2,282 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,542 | €16,136 | €14,763 | €19,206 | €20,145 | €18,217 | €19,686 | €28,661 | ▲ 45.6% |
| Other operating charges640/8 | - | - | - | €2,470 | €2,280 | €2,049 | €1,929 | €1,485 | ▼ 23.0% |
| Gross operating margin9900 | €100,453 | €105,427 | €111,946 | €96,223 | €109,447 | €103,078 | €127,197 | €135,941 | ▲ 6.9% |
| Operating profit (loss)9901 | €82,346 | €87,760 | €95,608 | €74,546 | €87,022 | €82,812 | €105,582 | €105,795 | ▲ 0.2% |
| Financial income75/76B | - | - | - | €615 | €985 | €968 | €4,097 | €4,541 | ▲ 10.8% |
| Recurring financial income75 | €321 | €440 | €448 | €615 | €985 | €968 | €4,097 | €4,541 | ▲ 10.8% |
| Financial charges65/66B | - | - | - | €7,895 | €11,145 | €4,102 | €6,735 | €6,615 | ▼ 1.8% |
| Recurring financial charges65 | €8,344 | €8,499 | €8,179 | €7,895 | €11,145 | €4,102 | €6,735 | €6,615 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €67,915 | €79,702 | €87,877 | €67,266 | €76,862 | €79,679 | €102,944 | €103,721 | ▲ 0.8% |
| Income taxes67/77 | €25,242 | €29,579 | €28,777 | €24,720 | €27,191 | €27,159 | €35,060 | €34,607 | ▼ 1.3% |
| Profit (loss) for the period9904 | €42,673 | €50,123 | €59,100 | €42,546 | €49,671 | €52,520 | €67,884 | €69,114 | ▲ 1.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €10,810 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €42,673 | €50,123 | €59,100 | €53,356 | €49,671 | €52,520 | €67,884 | €69,114 | ▲ 1.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €395,042 | €399,485 | €435,545 | €436,871 | €445,327 | €478,235 | €544,134 | €561,519 | ▲ 3.2% |
| Fixed assets21/28 | €264,366 | €253,413 | €264,537 | €248,137 | €233,730 | €216,746 | €261,100 | €242,649 | ▼ 7.1% |
| Tangible fixed assets22/27 | €263,221 | €252,268 | €263,392 | €246,993 | €232,582 | €215,594 | €260,387 | €241,936 | ▼ 7.1% |
| Land and buildings22 | - | - | - | €225,175 | €212,321 | €201,555 | €192,429 | €182,373 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €5,492 | €12,947 | ▲ 136% |
| Furniture and vehicles24 | - | - | - | €21,818 | €20,260 | €14,039 | €62,465 | €46,616 | ▼ 25.4% |
| Financial fixed assets28 | €1,145 | €1,145 | €1,145 | €1,145 | €1,149 | €1,152 | €713 | €713 | = |
| Current assets29/58 | €130,676 | €146,072 | €171,009 | €188,734 | €211,597 | €261,488 | €283,033 | €318,869 | ▲ 12.7% |
| Amounts receivable within one year40/41 | €1,246 | - | - | €1,465 | - | - | €7,266 | €3,487 | ▼ 52.0% |
| Trade receivables40 | - | - | - | - | - | - | €7,266 | - | - |
| Other amounts receivable41 | - | - | - | €1,465 | - | - | - | €3,487 | - |
| Current investments50/53 | €35,756 | €38,976 | €45,337 | €69,566 | €85,023 | €133,365 | €98,365 | €168,363 | ▲ 71.2% |
| Cash at bank and in hand54/58 | €34,993 | €52,531 | €60,709 | €54,020 | €57,485 | €53,584 | €91,253 | €60,406 | ▼ 33.8% |
| Deferred charges and accrued income490/1 | - | - | - | €63,683 | €69,089 | €74,540 | €86,150 | €86,614 | ▲ 0.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €395,042 | €399,485 | €435,545 | €436,871 | €445,327 | €478,235 | €544,134 | €561,519 | ▲ 3.2% |
| Equity10/15 | €104,762 | €141,385 | €180,076 | €195,122 | €228,793 | €259,312 | €308,697 | €341,311 | ▲ 10.6% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €83,719 | €120,219 | €158,910 | €174,950 | €208,610 | €239,120 | €288,500 | €321,110 | ▲ 11.3% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €172,950 | €208,610 | €239,120 | €288,500 | €321,110 | ▲ 11.3% |
| Profit (loss) carried forward14 | €1,043 | €1,166 | €1,166 | €172 | €183 | €192 | €197 | €201 | ▲ 2.0% |
| Amounts payable17/49 | €290,280 | €258,100 | €255,470 | €241,750 | €216,535 | €218,922 | €235,437 | €220,208 | ▼ 6.5% |
| Amounts payable after more than one year17 | €175,160 | €164,457 | €153,353 | €141,833 | €129,881 | €117,481 | €115,731 | €98,683 | ▼ 14.7% |
| Financial debts170/4 | - | - | - | €141,833 | €129,881 | €117,481 | €115,731 | €98,683 | ▼ 14.7% |
| Amounts payable within one year42/48 | €65,586 | €49,147 | €51,333 | €45,580 | €34,074 | €38,244 | €48,284 | €51,943 | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,520 | €11,952 | €12,400 | €16,456 | €17,048 | ▲ 3.6% |
| Trade debts44 | €397 | €2,034 | €2,711 | €1,500 | €1,054 | €2,858 | €6,918 | €296 | ▼ 95.7% |
| Suppliers440/4 | - | - | - | €1,500 | €1,054 | €2,858 | €6,918 | €296 | ▼ 95.7% |
| Taxes, remuneration and social security45 | - | - | - | €4,474 | €896 | €2,765 | €6,707 | €8,452 | ▲ 26.0% |
| Taxes450/3 | - | - | - | €4,474 | €896 | €2,765 | €6,707 | €8,452 | ▲ 26.0% |
| Other amounts payable47/48 | - | - | - | €28,085 | €20,172 | €20,221 | €18,203 | €26,146 | ▲ 43.6% |
| Accrued charges and deferred income492/3 | - | - | - | €54,337 | €52,580 | €63,197 | €71,422 | €69,582 | ▼ 2.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,673 | €50,123 | €59,100 | €42,546 | €49,671 | €52,520 | €67,884 | €69,114 | ▲ 1.8% |
| + Depreciation and write-downs630 | €15,542 | €16,136 | €14,763 | €19,206 | €20,145 | €18,217 | €19,686 | €28,661 | ▲ 45.6% |
| Operating cash flow (approximation) | €58,215 | €66,259 | €73,863 | €61,752 | €69,816 | €70,736 | €87,570 | €97,775 | ▲ 11.7% |
| Investment in fixed assets (approximation) | - | -€5,182 | -€25,887 | -€2,807 | -€5,738 | -€1,233 | -€64,040 | -€10,210 | ▲ 84.1% |
| Change in cash | - | €17,538 | €8,178 | -€6,688 | €3,465 | -€3,901 | €37,669 | -€30,847 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as NEVAN - CARE has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of NEVAN - CARE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for NEVAN - CARE. 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00274483 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00219346 | |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00190649 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00190966 | |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20131502 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-26500387 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23300190 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-25900554 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25900156 | |
| 31-12-2016 | micro format | 14-06-2017 | 2017-17700390 |