POOL EVOLUTION
ActiveSummary
The annual accounts of POOL EVOLUTION for fiscal year 2025 show a net loss of 97% of total assets and of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €7,953 and a net result of -€12,223. Equity is shrinking by ~19.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 74% of 4664 sector peers (fiscal year 2025). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency88▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.65 against 7.55 in 2024; short-term debt: 36.6% and cash: 0.8% of total assets), and 36.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
63.4%
Return on assets
-97.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,223
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
14 d early
2023
12 d early
2022
11 d early
2021
74 d late
2020
61 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€7,953▼ 60.6%
2024 · €20,176
Total assets
€12,546▼ 46.0%
2024 · €23,255
Net result
-€12,223▲ 31.9%
2024 · -€17,952
Working capital
€7,590▼ 62.4%
2024 · €20,176
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,768▲ 18.9%-€13,048-€18,200▼ 39.5%-€17,631▲ 3.1%-€12,037▲ 31.7%
Net result€8,196▲ 23.3%-€13,518-€18,590▼ 37.5%-€17,952▲ 3.4%-€12,223▲ 31.9%
Equity€70,237▲ 13.2%€56,718▼ 19.2%€38,128▼ 32.8%€20,176▼ 47.1%€7,953▼ 60.6%
Total assets€167,646▲ 57.9%€139,466▼ 16.8%€42,474▼ 69.5%€23,255▼ 45.2%€12,546▼ 46.0%
Debt€97,409▲ 121%€82,748▼ 15.1%€4,346▼ 94.7%€3,079▼ 29.2%€4,593▲ 49.2%
Working capital€62,356▲ 0.7%€52,209▼ 16.3%€38,128▼ 27.0%€20,176▼ 47.1%€7,590▼ 62.4%
Staff (FTE)1▼ 33.3%0.2▼ 80.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,037 in 2025 against €17,631 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,546
Fixed assets
€363
Current assets
€12,183
Equity and liabilities €12,546
Equity
€7,953 ▼ 60.6%
Debt
€4,593 ▲ 49.2%
Debt's share of the balance-sheet total rises from 13.2% to 36.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.65▼
2024 · 7.55
Debt to equity
0.58▲
2024 · 0.15
ROE
-153.7%▼
2024 · -89.0%
ROA
-97.4%▼
2024 · -77.2%
Debt ≤ 1 year
€4,593▲
2024 · €3,079
Staff costs
€3,156▲
2024 · €163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,000 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €35,826 | €9,485 | -€402 | €163 | €3,156 | ▲ 1,832% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24 | €8,603 | €4,279 | €0 | - | - |
| Other operating charges640/8 | €833 | €1,924 | €1,822 | €652 | €671 | ▲ 3.0% |
| Gross operating margin9900 | €45,451 | €6,964 | -€12,501 | -€16,816 | -€8,210 | ▲ 51.2% |
| Operating profit (loss)9901 | €8,768 | -€13,048 | -€18,200 | -€17,631 | -€12,037 | ▲ 31.7% |
| Financial income75/76B | €0 | €1 | €0 | - | - | - |
| Recurring financial income75 | €0 | €1 | €0 | - | - | - |
| Financial charges65/66B | €572 | €471 | €390 | €321 | €186 | ▼ 42.2% |
| Recurring financial charges65 | €572 | €471 | €390 | €321 | €186 | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €8,196 | -€13,518 | -€18,590 | -€17,952 | -€12,223 | ▲ 31.9% |
| Profit (loss) for the period9904 | €8,196 | -€13,518 | -€18,590 | -€17,952 | -€12,223 | ▲ 31.9% |
| Profit (loss) for the period to be appropriated9905 | €8,196 | -€13,518 | -€18,590 | -€17,952 | -€12,223 | ▲ 31.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,646 | €139,466 | €42,474 | €23,255 | €12,546 | ▼ 46.0% |
| Fixed assets21/28 | €13,112 | €4,509 | €0 | - | €363 | - |
| Tangible fixed assets22/27 | €12,882 | €4,279 | €0 | - | - | - |
| Leasing and similar rights25 | €12,882 | €4,279 | €0 | - | - | - |
| Financial fixed assets28 | €230 | €230 | €0 | - | €363 | - |
| Current assets29/58 | €154,534 | €134,957 | €42,474 | €23,255 | €12,183 | ▼ 47.6% |
| Amounts receivable within one year40/41 | €138,808 | €120,536 | €39,803 | €21,004 | €9,173 | ▼ 56.3% |
| Trade receivables40 | €109,208 | €74,597 | €38,875 | €18,417 | €1,824 | ▼ 90.1% |
| Other amounts receivable41 | €29,600 | €45,939 | €928 | €2,586 | €7,349 | ▲ 184% |
| Cash at bank and in hand54/58 | €15,451 | €12,381 | €926 | €525 | €94 | ▼ 82.1% |
| Deferred charges and accrued income490/1 | €274 | €2,039 | €1,745 | €1,726 | €2,916 | ▲ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,646 | €139,466 | €42,474 | €23,255 | €12,546 | ▼ 46.0% |
| Equity10/15 | €70,237 | €56,718 | €38,128 | €20,176 | €7,953 | ▼ 60.6% |
| Contributions10/11 | €20,451 | €20,451 | €20,451 | €18,592 | €18,592 | = |
| Reserves13 | - | - | - | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €49,785 | €36,267 | €17,677 | -€275 | -€12,498 | ▼ 4,443% |
| Amounts payable17/49 | €97,409 | €82,748 | €4,346 | €3,079 | €4,593 | ▲ 49.2% |
| Amounts payable after more than one year17 | €5,232 | €0 | - | - | - | - |
| Financial debts170/4 | €5,232 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €92,177 | €82,748 | €4,346 | €3,079 | €4,593 | ▲ 49.2% |
| Current portion of amounts payable after more than one year42 | €7,674 | €5,232 | €0 | - | - | - |
| Trade debts44 | €68,851 | €76,599 | €1,450 | €2,038 | €2,610 | ▲ 28.1% |
| Suppliers440/4 | €68,851 | €76,599 | €1,450 | €2,038 | €2,610 | ▲ 28.1% |
| Taxes, remuneration and social security45 | €13,117 | €0 | - | - | €1,024 | - |
| Taxes450/3 | €8,443 | €0 | - | - | €410 | - |
| Remuneration and social security454/9 | €4,674 | €0 | - | - | €614 | - |
| Other amounts payable47/48 | €2,536 | €917 | €2,895 | €1,041 | €958 | ▼ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,196 | -€13,518 | -€18,590 | -€17,952 | -€12,223 | ▲ 31.9% |
| + Depreciation and write-downs630 | €24 | €8,603 | €4,279 | €0 | - | - |
| Operating cash flow (approximation) | €8,220 | -€4,915 | -€14,311 | -€17,952 | -€12,223 | ▲ 31.9% |
| Investment in fixed assets (approximation) | - | €0 | €230 | - | - | - |
| Change in cash | - | -€3,070 | -€11,455 | -€401 | -€431 | ▼ 7.6% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 6current ratio 9.77
Current ratio from 1.63 to 9.77; short-term debt falls from €82,748 to €4,346.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Highest result since 2018net €8,196 ▲23.3%
Operating result €8,768, net result €8,196, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €6,646
Net result €6,646 after one loss-making year.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Weakest financial yearnet -€32,039
Net result drops to -€32,039, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 7.36
Current ratio from 3.54 to 7.36; short-term debt falls from €34,402 to €8,683.
Show earlier events
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Thuin · 1 establishment unit since 2003
Ground area
1,474 m²
Building footprint
417 m²
Volume, LiDAR
2,468 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
POOL EVOLUTION
since 20032.124.643.161
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56078C0277/00X000 | Wallonia | 839 m² | 1 · 61 m² | 10.4 m · 3 fl. |
| 56030A0176/00V002 | Wallonia | 635 m² | 1 · 355 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BETIM F. PROJECT
BE 0776.797.378
Zaventem · Eq €7,934
KENJELEO TRANSPORT ET SERVICES
BE 0801.973.234
Dendermonde · Eq €7,933
CLK TRANSPORT
BE 0757.536.346
Zaventem · Eq €7,976
SCD BUSINESS
BE 0770.829.405
Etterbeek · Eq €7,929
CMK GLOBAL
BE 1005.200.112
Schaarbeek · Eq €7,988
Of 12,585 companies in sector 49410 we hold annual accounts for 8,199. 3,535 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
Founded27-01-1984
Fiscal year end31-12
Activities, NACEBEL 2025
47783Retail trade
49410Freight transport by road
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.