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RESOURCES EVOLUTION

Active
Private limited companyfounded 2022active for 4 yearsHerrmann-Debrouxlaan 54, 1160 Oudergem, BelgiumKBO/BCE: BE 0787.938.324
Summary

RESOURCES EVOLUTION has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.1m and a net result of €603,661. Equity is shrinking by about 15% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, unclassified schema

Turnover
€52.7m▼ 37.6%
2024 · €84.4m
EBIT margin
2.1%▼ 3.1pp
2024 · 5.2%
Net result
€603,661▼ 79.4%
2024 · €2.9m
Working capital
€5.0m▼ 31.9%
2024 · €7.3m
Trend over the years

2023 to 2025, 3 financial years

The operating result falls in 2025; 2025 is 75% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€52.7m 2025 Operating result€1.1m 2025 Net result€0.6m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Turnover€66.7m-€84.4m▲ 26.6%€52.7m▼ 37.6%
Operating result€1.0m-€4.4m▲ 321%€1.1m▼ 74.7%
Net result€0.2m-€2.9m▲ 1,324%€0.6m▼ 79.4%
EBIT margin1.6%-5.2%▲ 3.6pp2.1%▼ 3.1pp
Equity€7.4m-€7.5m▲ 1.5%€5.1m▼ 32.0%
Total assets€8.5m-€10.6m▲ 24.9%€7.8m▼ 25.9%
Debt€1.1m-€3.1m▲ 184%€2.8m▼ 11.0%
Working capital€7.4m-€7.3m▼ 0.5%€5.0m▼ 31.9%
Staff (FTE)2.8-2.9▲ 3.6%2.9=
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.8m
Fixed assets €162,567 ▼ 1.8%
Current assets €7.7m ▼ 26.3%
Equity and liabilities €7.8m
Equity €5.1m ▼ 32.0%
Debt €2.8m ▼ 11.0%
Debt's share of the balance-sheet total rises from 29.2% to 35.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.1m▼
2024 · €4.4m
Cash flow
€608,973▼
2024 · €2.9m
Current ratio
2.87▼
2024 · 3.39
Quick ratio
2.61▼
2024 · 3.14
Debt to equity
0.54▲
2024 · 0.41
ROE
11.9%▼
2024 · 39.2%
ROA
7.7%▼
2024 · 27.7%
Interest coverage
9.40▲
2024 · 8.77
Debt ≤ 1 year
€2.7m▼
2024 · €3.1m
Income taxes
€358,226▼
2024 · €1.1m
Staff costs
€819,857▲
2024 · €718,859
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€10.6m€7.8m▼
Fixed assets21/28€0.2m€0.2m▼
Tangible fixed assets22/27€0.06m€0.06m▼
Furniture and vehicles24€0.007m€0.002m▼
Other tangible fixed assets26€0.008m€0.007m▼
Assets under construction and advance payments27€0.05m€0.05m▲
Financial fixed assets28€0.1m€0.1m▲
Affiliated companies280/1€0.09m€0.09m=
Participating interests280€0.09m€0.09m=
Other financial fixed assets284/8€0.01m€0.01m▲
Amounts receivable and cash guarantees285/8€0.01m€0.01m▲
Current assets29/58€10.4m€7.7m▼
Stocks and contracts in progress3€0.8m€0.7m▼
Stocks30/36€0.8m€0.7m▼
Goods purchased for resale34€0.1m€0.7m▲
Advance payments36€0.6m-
Amounts receivable within one year40/41€1.0m€2.6m▲
Trade receivables40€0.9m€2.1m▲
Other amounts receivable41€0.1m€0.5m▲
Cash at bank and in hand54/58€8.6m€4.4m▼
Deferred charges and accrued income490/1€0.04m€0.06m▲
Equity and liabilities
Total equity and liabilities10/49€10.6m€7.8m▼
Equity10/15€7.5m€5.1m▼
Contributions10/11€4.3m€1.3m▼
Profit (loss) carried forward14€3.1m€3.7m▲
Amounts payable17/49€3.1m€2.8m▼
Amounts payable within one year42/48€3.1m€2.7m▼
Financial debts43-€0.2m
Credit institutions430/8-€0.2m
Trade debts44€1.3m€1.7m▲
Suppliers440/4€1.3m€1.7m▲
Advances received on contracts in progress46€0.4m-
Taxes, remuneration and social security45€1.3m€0.7m▼
Taxes450/3€1.1m€0.5m▼
Remuneration and social security454/9€0.3m€0.3m▼
Accrued charges and deferred income492/3€0.02m€0.07m▲
Income statement Code20242025
Operating income70/76A€84.5m€52.8m▼
Turnover70€84.4m€52.7m▼
Other operating income74€0.08m€0.2m▲
Operating charges60/66A€80.1m€51.7m▼
Goods for resale, raw materials and consumables60€76.6m€47.9m▼
Purchases600/8€76.7m€48.5m▼
Change in stocks: decrease (increase)609-€0.09m-€0.6m▼
Services and other goods61€2.8m€2.6m▼
Remuneration, social security and pensions62€0.7m€0.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.005m€0.005m=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.05m-
Other operating charges640/8€393€0.4m▲
Operating profit (loss)9901€4.4m€1.1m▼
Financial income75/76B€0.1m€0.07m▼
Recurring financial income75€0.1m€0.07m▼
Income from current assets751€0.05m€0.07m▲
Other financial income752/9€0.1m€1▼
Financial charges65/66B€0.5m€0.2m▼
Recurring financial charges65€0.5m€0.2m▼
Debt charges650€0.5m€0.1m▼
Other financial charges652/9€0.02m€0.1m▲
Profit (loss) for the period before taxes9903€4.0m€1.0m▼
Income taxes67/77€1.1m€0.4m▼
Taxes670/3€1.1m€0.4m▼
Profit (loss) for the period9904€2.9m€0.6m▼
Profit (loss) for the period to be appropriated9905€2.9m€0.6m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.1m€3.7m▲
Profit (loss) brought forward from the previous period14P€0.2m€3.1m▲
Social balance sheet
Average headcount (FTE)90872.92.9=

The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Operating income70/76A€66.7m€84.5m€52.8m▼ 37.5%
Turnover70€66.7m€84.4m€52.7m▼ 37.6%
Other operating income74€0.007m€0.08m€0.2m▲ 131%
Operating charges60/66A€65.7m€80.1m€51.7m▼ 35.4%
Goods for resale, raw materials and consumables60€63.1m€76.6m€47.9m▼ 37.4%
Purchases600/8€63.1m€76.7m€48.5m▼ 36.7%
Change in stocks: decrease (increase)609-€0.008m-€0.09m-€0.6m▼ 537%
Services and other goods61€2.1m€2.8m€2.6m▼ 7.2%
Remuneration, social security and pensions62€0.5m€0.7m€0.8m▲ 14.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.004m€0.005m€0.005m=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.05m--
Other operating charges640/8€348€393€0.4m▲ 107,601%
Operating profit (loss)9901€1.0m€4.4m€1.1m▼ 74.7%
Financial income75/76B€0.01m€0.1m€0.07m▼ 53.6%
Recurring financial income75€0.01m€0.1m€0.07m▼ 53.6%
Income from current assets751-€0.05m€0.07m▲ 49.5%
Other financial income752/9€0.01m€0.1m€1▼ 100.0%
Financial charges65/66B€0.8m€0.5m€0.2m▼ 57.8%
Recurring financial charges65€0.8m€0.5m€0.2m▼ 57.8%
Debt charges650€0.5m€0.5m€0.1m▼ 76.3%
Other financial charges652/9€0.2m€0.02m€0.1m▲ 492%
Profit (loss) for the period before taxes9903€0.3m€4.0m€1.0m▼ 76.1%
Income taxes67/77€0.09m€1.1m€0.4m▼ 67.3%
Taxes670/3€0.09m€1.1m€0.4m▼ 67.3%
Profit (loss) for the period9904€0.2m€2.9m€0.6m▼ 79.4%
Profit (loss) for the period to be appropriated9905€0.2m€2.9m€0.6m▼ 79.4%
Line202320242025Change
Assets
Total assets20/58€8.5m€10.6m€7.8m▼ 25.9%
Fixed assets21/28€0.06m€0.2m€0.2m▼ 1.8%
Tangible fixed assets22/27€0.05m€0.06m€0.06m▼ 5.7%
Furniture and vehicles24€0.01m€0.007m€0.002m▼ 63.4%
Other tangible fixed assets26€0.009m€0.008m€0.007m▼ 11.9%
Assets under construction and advance payments27€0.03m€0.05m€0.05m▲ 4.0%
Financial fixed assets28€0.008m€0.1m€0.1m▲ 0.5%
Affiliated companies280/1-€0.09m€0.09m=
Participating interests280-€0.09m€0.09m=
Other financial fixed assets284/8€0.008m€0.01m€0.01m▲ 4.2%
Amounts receivable and cash guarantees285/8€0.008m€0.01m€0.01m▲ 4.2%
Current assets29/58€8.4m€10.4m€7.7m▼ 26.3%
Stocks and contracts in progress3€0.008m€0.8m€0.7m▼ 8.4%
Stocks30/36€0.008m€0.8m€0.7m▼ 8.4%
Goods purchased for resale34€0.008m€0.1m€0.7m▲ 585%
Advance payments36-€0.6m--
Amounts receivable within one year40/41€3.1m€1.0m€2.6m▲ 150%
Trade receivables40€3.0m€0.9m€2.1m▲ 133%
Other amounts receivable41€0.1m€0.1m€0.5m▲ 290%
Cash at bank and in hand54/58€5.2m€8.6m€4.4m▼ 49.2%
Deferred charges and accrued income490/1€0.03m€0.04m€0.06m▲ 61.8%
Equity and liabilities
Total equity and liabilities10/49€8.5m€10.6m€7.8m▼ 25.9%
Equity10/15€7.4m€7.5m€5.1m▼ 32.0%
Contributions10/11€7.2m€4.3m€1.3m▼ 69.0%
Profit (loss) carried forward14€0.2m€3.1m€3.7m▲ 19.2%
Amounts payable17/49€1.1m€3.1m€2.8m▼ 11.0%
Amounts payable within one year42/48€1.0m€3.1m€2.7m▼ 12.8%
Financial debts43--€0.2m-
Credit institutions430/8--€0.2m-
Trade debts44€0.8m€1.3m€1.7m▲ 30.9%
Suppliers440/4€0.8m€1.3m€1.7m▲ 30.9%
Advances received on contracts in progress46-€0.4m--
Taxes, remuneration and social security45€0.2m€1.3m€0.7m▼ 44.6%
Taxes450/3€0.1m€1.1m€0.5m▼ 54.7%
Remuneration and social security454/9€0.1m€0.3m€0.3m▼ 1.9%
Accrued charges and deferred income492/3€0.06m€0.02m€0.07m▲ 261%
Line202320242025Change
Profit (loss) for the period9904€0.2m€2.9m€0.6m▼ 79.4%
+ Depreciation and write-downs630€0.004m€0.005m€0.005m=
Operating cash flow (approximation)€0.2m€2.9m€0.6m▼ 79.3%
Investment in fixed assets (approximation)--€0.1m-€0.002m▲ 97.9%
Change in cash-€3.4m-€4.2m▼ 225%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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