DrivOlution
ActiveSummary
DrivOlution is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-534k) and a net result of €-546k. Equity is shrinking by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 492 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 492 sector peers (2025).
NBB · sector comparisonPosition among 492 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
58 d early
2023
57 d early
2022
69 d early
2021
73 d early
2020
50 d early
2019
51 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-534k▼ 4,277%
2024 · €-12k
2018: €1.06Mhighest in 8 years
2019: €942k▼ -10.9% vs 2018
2020: €683k▼ -27.5% vs 2019
2021: €614k▼ -10.1% vs 2020
2022: €334k▼ -45.5% vs 2021
2023: €445k▲ +33.0% vs 2022
2024: €-12k▼ -103% vs 2023
2025: €-534k▼ -4277% vs 2024lowest in 8 years
2018 → 2025
Net result
€-546k▼ 19.5%
2024 · €-457k
2018: €70khighest in 8 years
2019: €-116k▼ -266% vs 2018
2020: €-259k▼ -124% vs 2019
2021: €-69k▲ +73.3% vs 2020
2022: €-279k▼ -304% vs 2021
2023: €-314k▼ -12.6% vs 2022
2024: €-457k▼ -45.3% vs 2023
2025: €-546k▼ -19.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€527k▼ 16.1%
2024 · €628k
2018: €1.21Mhighest in 8 years
2019: €1.13M▼ -7.0% vs 2018
2020: €965k▼ -14.3% vs 2019
2021: €924k▼ -4.3% vs 2020
2022: €817k▼ -11.6% vs 2021
2023: €872k▲ +6.8% vs 2022
2024: €628k▼ -27.9% vs 2023
2025: €527k▼ -16.1% vs 2024lowest in 8 years
2018 → 2025
Solvency
-101.2%▼ 99.2pp
2024 · -1.9%
2018: 87.2%highest in 8 years
2019: 83.5%▼ -4.2% vs 2018
2020: 70.7%▼ -15.3% vs 2019
2021: 66.4%▼ -6.1% vs 2020
2022: 40.9%▼ -38.3% vs 2021
2023: 51.0%▲ +24.6% vs 2022
2024: -1.9%▼ -104% vs 2023
2025: -101.2%▼ -5116% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€614k-€334k▼ 45.5%€445k▲ 33.0%€-12k€-534k▼ 4,277%
2021: €614khighest in 5 years
2022: €334k▼ -45.5% vs 2021
2023: €445k▲ +33.0% vs 2022
2024: €-12k▼ -103% vs 2023
2025: €-534k▼ -4277% vs 2024lowest in 5 years
Operating result€-75k-€-274k▼ 264%€-332k▼ 21.2%€-436k▼ 31.5%€-509k▼ 16.7%
2021: €-75khighest in 5 years
2022: €-274k▼ -264% vs 2021
2023: €-332k▼ -21.2% vs 2022
2024: €-436k▼ -31.5% vs 2023
2025: €-509k▼ -16.7% vs 2024lowest in 5 years
Net result€-69k-€-279k▼ 304%€-314k▼ 12.6%€-457k▼ 45.3%€-546k▼ 19.5%
2021: €-69khighest in 5 years
2022: €-279k▼ -304% vs 2021
2023: €-314k▼ -12.6% vs 2022
2024: €-457k▼ -45.3% vs 2023
2025: €-546k▼ -19.5% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €509k in 2025 against €436k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €527k
Fixed assets
€181k ▼ 18.2%
Current assets
€346k ▼ 14.9%
Key figures and ratios
ROA
-103.6%▼
2024 · -72.7%
Debt
€1.06M▲
2024 · €641k
Debt ≤ 1 year
€621k▼
2024 · €633k
Debt > 1 year
€390k
Income taxes
€1k▼
2024 · €2k
Staff costs
€951k▲
2024 · €809k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€628k€527k▼
Fixed assets21/28€222k€181k▼
Intangible fixed assets21€126k€95k▼
Tangible fixed assets22/27€96k€68k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€91k€65k▼
Financial fixed assets28-€19k
Current assets29/58€407k€346k▼
Amounts receivable within one year40/41€338k€290k▼
Trade receivables40€317k€288k▼
Other amounts receivable41€21k€2k▼
Cash at bank and in hand54/58€55k€28k▼
Deferred charges and accrued income490/1€14k€28k▲
Equity and liabilities
Total equity and liabilities10/49€628k€527k▼
Equity10/15€-12k€-534k▼
Contributions10/11€1.31M€1.33M▲
Capital10€1.31M€1.33M▲
Issued capital100€1.31M€1.33M▲
Outside capital11-€833
Share premium1100/10-€833
Reserves13€24k€24k=
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Profit (loss) carried forward14€-1.34M€-1.89M▼
Amounts payable17/49€641k€1.06M▲
Amounts payable after more than one year17-€390k
Financial debts170/4-€390k
Amounts payable within one year42/48€633k€621k▼
Trade debts44€194k€201k▲
Suppliers440/4€194k€201k▲
Taxes, remuneration and social security45€49k€48k▼
Remuneration and social security454/9€49k€48k▼
Other amounts payable47/48€390k€372k▼
Accrued charges and deferred income492/3€8k€50k▲
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€809k€951k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€93k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€3k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€532k€549k▲
Operating profit (loss)9901€-436k€-509k▼
Financial income75/76B€753€2k▲
Recurring financial income75€753€2k▲
Financial charges65/66B€20k€37k▲
Recurring financial charges65€20k€37k▲
Profit (loss) for the period before taxes9903€-455k€-545k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-457k€-546k▼
Profit (loss) for the period to be appropriated9905€-457k€-546k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.34M€-1.89M▼
Profit (loss) brought forward from the previous period14P€-884k€-1.34M▼
Social balance
Average headcount (FTE)908711.311.8▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €975 | - | €3k | - | - |
| Remuneration, social security and pensions62 | €823k | €708k | €762k | €809k | €951k | ▲ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €181k | €163k | €154k | €144k | €93k | ▼ 35.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €740 | €9k | - | €6k | €3k | ▼ 47.2% |
| Other operating charges640/8 | €2k | €2k | €2k | €9k | €10k | ▲ 9.5% |
| Non-recurring operating charges66A | - | €799 | - | - | - | - |
| Gross operating margin9900 | €932k | €609k | €587k | €532k | €549k | ▲ 3.1% |
| Operating profit (loss)9901 | €-75k | €-274k | €-332k | €-436k | €-509k | ▼ 16.7% |
| Financial income75/76B | €13k | €6k | €29k | €753 | €2k | ▲ 104% |
| Recurring financial income75 | €19 | €81 | €190 | €753 | €2k | ▲ 104% |
| Non-recurring financial income76B | €13k | €6k | €29k | - | - | - |
| Financial charges65/66B | €5k | €10k | €10k | €20k | €37k | ▲ 89.1% |
| Recurring financial charges65 | €4k | €9k | €9k | €20k | €37k | ▲ 89.1% |
| Non-recurring financial charges66B | €759 | €2k | €1k | - | - | - |
| Profit (loss) for the period before taxes9903 | €-68k | €-278k | €-313k | €-455k | €-545k | ▼ 19.7% |
| Income taxes67/77 | €1k | €1k | €1k | €2k | €1k | ▼ 25.4% |
| Profit (loss) for the period9904 | €-69k | €-279k | €-314k | €-457k | €-546k | ▼ 19.5% |
| Profit (loss) for the period to be appropriated9905 | €-69k | €-279k | €-314k | €-457k | €-546k | ▼ 19.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €924k | €817k | €872k | €628k | €527k | ▼ 16.1% |
| Fixed assets21/28 | €463k | €353k | €369k | €222k | €181k | ▼ 18.2% |
| Intangible fixed assets21 | €339k | €276k | €225k | €126k | €95k | ▼ 24.5% |
| Tangible fixed assets22/27 | €124k | €77k | €145k | €96k | €68k | ▼ 29.8% |
| Plant, machinery and equipment23 | €9k | €2k | €4k | €5k | €3k | ▼ 45.0% |
| Furniture and vehicles24 | €115k | €74k | €140k | €91k | €65k | ▼ 29.0% |
| Financial fixed assets28 | - | - | - | - | €19k | - |
| Current assets29/58 | €461k | €464k | €503k | €407k | €346k | ▼ 14.9% |
| Amounts receivable within one year40/41 | €364k | €334k | €369k | €338k | €290k | ▼ 14.1% |
| Trade receivables40 | €353k | €322k | €350k | €317k | €288k | ▼ 9.2% |
| Other amounts receivable41 | €11k | €12k | €19k | €21k | €2k | ▼ 90.3% |
| Cash at bank and in hand54/58 | €77k | €94k | €105k | €55k | €28k | ▼ 49.7% |
| Deferred charges and accrued income490/1 | €21k | €36k | €28k | €14k | €28k | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €924k | €817k | €872k | €628k | €527k | ▼ 16.1% |
| Equity10/15 | €614k | €334k | €445k | €-12k | €-534k | ▼ 4,277% |
| Contributions10/11 | €880k | €880k | €1.31M | €1.31M | €1.33M | ▲ 1.9% |
| Capital10 | €880k | €880k | €1.31M | €1.31M | €1.33M | ▲ 1.9% |
| Issued capital100 | €880k | €880k | €1.31M | €1.31M | €1.33M | ▲ 1.9% |
| Outside capital11 | - | - | - | - | €833 | - |
| Share premium1100/10 | - | - | - | - | €833 | - |
| Reserves13 | €24k | €24k | €24k | €24k | €24k | = |
| Non-distributable reserves130/1 | €24k | €24k | €24k | €24k | €24k | = |
| Legal reserve130 | €24k | €24k | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €-290k | €-569k | €-884k | €-1.34M | €-1.89M | ▼ 40.7% |
| Amounts payable17/49 | €310k | €482k | €427k | €641k | €1.06M | ▲ 65.6% |
| Amounts payable after more than one year17 | - | - | - | - | €390k | - |
| Financial debts170/4 | - | - | - | - | €390k | - |
| Amounts payable within one year42/48 | €300k | €478k | €415k | €633k | €621k | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | €100k | €200k | €200k | - | - | - |
| Trade debts44 | €118k | €91k | €137k | €194k | €201k | ▲ 3.7% |
| Suppliers440/4 | €118k | €91k | €137k | €194k | €201k | ▲ 3.7% |
| Taxes, remuneration and social security45 | €81k | €87k | €77k | €49k | €48k | ▼ 1.8% |
| Taxes450/3 | €7k | €24k | €6k | - | - | - |
| Remuneration and social security454/9 | €75k | €62k | €72k | €49k | €48k | ▼ 1.8% |
| Other amounts payable47/48 | - | €100k | - | €390k | €372k | ▼ 4.5% |
| Accrued charges and deferred income492/3 | €11k | €4k | €12k | €8k | €50k | ▲ 533% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-69k | €-279k | €-314k | €-457k | €-546k | ▼ 19.5% |
| + Depreciation and write-downs630 | €181k | €163k | €154k | €144k | €93k | ▼ 35.5% |
| Operating cash flow (approximation) | €112k | €-117k | €-161k | €-313k | €-453k | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | €-53k | €-170k | €3k | €-53k | ▼ 1,877% |
| Change in cash | - | €17k | €11k | €-51k | €-27k | ▲ 46.1% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-546k
Net result drops to €-546k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Leuven · 1 establishment unit since 2005
Ground area
1.1 ha
Building footprint
1,940 m²
Volume, LiDAR
34,201 m³
Parcel 24038D0243/00D002, Flanders · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DrivOlution
since 20052.148.743.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24038D0243/00D002 | Flanders | 1.1 ha | 1 · 1,940 m² | 20.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,664 EUR awarded · 3,664 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,363 EUR | 1,363 EUR |
| 2024 | 1 | 767 EUR | 767 EUR |
| 2023 | 1 | 1,534 EUR | 1,534 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
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Of 853 companies in sector 66210 we hold annual accounts for 511. 373 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.