EVOLUTION CHANGE MANAGEMENT
ActiveSummary
EVOLUTION CHANGE MANAGEMENT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.50M and a net result of €12k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+6
Solvency58▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.32 in 2023; short-term debt: 8.8% and cash: 1.2% of total assets), and 67.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.5%
Return on assets
0.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
33 d early
2022
27 d early
2021
19 d early
2020
38 d early
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.50M▲ 0.8%
2023 · €1.48M
2018: €1.83Mhighest in 7 years
2019: €1.24M▼ -32.1% vs 2018
2020: €1.13M▼ -8.7% vs 2019lowest in 7 years
2021: €1.38M▲ +22.2% vs 2020
2022: €1.47M▲ +6.5% vs 2021
2023: €1.48M▲ +0.7% vs 2022
2024: €1.50M▲ +0.8% vs 2023
2018 → 2024
Total assets
€4.59M▼ 6.0%
2023 · €4.89M
2018: €2.10Mlowest in 7 years
2019: €6.07M▲ +189% vs 2018highest in 7 years
2020: €5.65M▼ -6.8% vs 2019
2021: €5.41M▼ -4.4% vs 2020
2022: €5.18M▼ -4.2% vs 2021
2023: €4.89M▼ -5.7% vs 2022
2024: €4.59M▼ -6.0% vs 2023
2018 → 2024
Net result
€12k▲ 11.0%
2023 · €11k
2018: €-104k
2019: €-586k▼ -461% vs 2018lowest in 7 years
2020: €-108k▲ +81.5% vs 2019
2021: €251k▲ +332% vs 2020highest in 7 years
2022: €89k▼ -64.5% vs 2021
2023: €11k▼ -87.8% vs 2022
2024: €12k▲ +11.0% vs 2023
2018 → 2024
Working capital
€-351k▼ 16.3%
2023 · €-302k
2018: €1.20Mhighest in 7 years
2019: €-329k▼ -127% vs 2018
2020: €-486k▼ -47.4% vs 2019lowest in 7 years
2021: €-270k▲ +44.4% vs 2020
2022: €-252k▲ +6.7% vs 2021
2023: €-302k▼ -19.8% vs 2022
2024: €-351k▼ -16.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.13M-€1.38M▲ 22.2%€1.47M▲ 6.5%€1.48M▲ 0.7%€1.50M▲ 0.8%
2020: €1.13Mlowest in 5 years
2021: €1.38M▲ +22.2% vs 2020
2022: €1.47M▲ +6.5% vs 2021
2023: €1.48M▲ +0.7% vs 2022
2024: €1.50M▲ +0.8% vs 2023highest in 5 years
Operating result€79k-€282k▲ 258%€92k▼ 67.2%€56k▼ 39.5%€50k▼ 11.3%
2020: €79k
2021: €282k▲ +258% vs 2020highest in 5 years
2022: €92k▼ -67.2% vs 2021
2023: €56k▼ -39.5% vs 2022
2024: €50k▼ -11.3% vs 2023lowest in 5 years
Net result€-108k-€251k€89k▼ 64.5%€11k▼ 87.8%€12k▲ 11.0%
2020: €-108klowest in 5 years
2021: €251k▲ +332% vs 2020highest in 5 years
2022: €89k▼ -64.5% vs 2021
2023: €11k▼ -87.8% vs 2022
2024: €12k▲ +11.0% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 11% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.59M
Fixed assets
€4.54M ▼ 4.3%
Current assets
€55k ▼ 60.9%
Equity and liabilities €4.59M
Equity
€1.50M ▲ 0.8%
Provisions
€212k ▼ 4.0%
Debt
€2.89M ▼ 9.3%
Debt's share of the balance-sheet total falls from 65.1% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€255k▼
2023 · €261k
Cash flow
€218k▲
2023 · €216k
Current ratio
0.14▼
2023 · 0.32
Debt to equity
1.93▼
2023 · 2.15
ROE
0.8%▲
2023 · 0.7%
ROA
0.3%▲
2023 · 0.2%
Interest coverage
5.50▲
2023 · 4.85
Debt ≤ 1 year
€406k▼
2023 · €443k
Debt > 1 year
€2.47M▼
2023 · €2.73M
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.89M€4.59M▼
Fixed assets21/28€4.74M€4.54M▼
Tangible fixed assets22/27€4.74M€4.54M▼
Land and buildings22€4.74M€4.54M▼
Current assets29/58€142k€55k▼
Amounts receivable within one year40/41€10-
Other amounts receivable41€10-
Cash at bank and in hand54/58€142k€55k▼
Equity and liabilities
Total equity and liabilities10/49€4.89M€4.59M▼
Equity10/15€1.48M€1.50M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.77M€1.75M▼
Non-distributable reserves130/1€51k€51k=
Legal reserve130€51k€51k=
Tax-exempt reserves132€430k€412k▼
Distributable reserves133€1.29M€1.29M=
Profit (loss) carried forward14€-347k€-318k▲
Provisions and deferred taxes16€221k€212k▼
Deferred taxes168€221k€212k▼
Amounts payable17/49€3.18M€2.89M▼
Amounts payable after more than one year17€2.73M€2.47M▼
Financial debts170/4€2.73M€2.47M▼
Amounts payable within one year42/48€443k€406k▼
Current portion of amounts payable after more than one year42€249k€258k▲
Trade debts44€55k€360▼
Suppliers440/4€55k€360▼
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Other amounts payable47/48€133k€139k▲
Accrued charges and deferred income492/3€8k€8k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€206k▲
Other operating charges640/8€13k€21k▲
Gross operating margin9900€274k€276k▲
Operating profit (loss)9901€56k€50k▼
Financial charges65/66B€54k€46k▼
Recurring financial charges65€54k€46k▼
Profit (loss) for the period before taxes9903€2k€3k▲
Transfer from deferred taxes780€9k€9k=
Profit (loss) for the period9904€11k€12k▲
Transfer from tax-exempt reserves789€17k€17k=
Profit (loss) for the period to be appropriated9905€28k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-347k€-318k▲
Profit (loss) brought forward from the previous period14P€-375k€-347k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €205k | €205k | €205k | €206k | €206k | ▲ 0.1% |
| Other operating charges640/8 | - | €18k | €18k | €13k | €21k | ▲ 65.1% |
| Gross operating margin9900 | €301k | €505k | €316k | €274k | €276k | ▲ 0.8% |
| Operating profit (loss)9901 | €79k | €282k | €92k | €56k | €50k | ▼ 11.3% |
| Financial income75/76B | - | €144k | €35k | - | - | - |
| Recurring financial income75 | €492k | €144k | €35k | - | - | - |
| Financial charges65/66B | - | €184k | €48k | €54k | €46k | ▼ 14.0% |
| Recurring financial charges65 | €688k | €184k | €48k | €54k | €46k | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €-117k | €242k | €80k | €2k | €3k | ▲ 60.3% |
| Transfer from deferred taxes780 | - | €9k | €9k | €9k | €9k | = |
| Profit (loss) for the period9904 | €-108k | €251k | €89k | €11k | €12k | ▲ 11.0% |
| Transfer from tax-exempt reserves789 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) for the period to be appropriated9905 | €-91k | €268k | €107k | €28k | €29k | ▲ 4.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.65M | €5.41M | €5.18M | €4.89M | €4.59M | ▼ 6.0% |
| Fixed assets21/28 | €5.35M | €5.14M | €4.94M | €4.74M | €4.54M | ▼ 4.3% |
| Tangible fixed assets22/27 | €5.35M | €5.14M | €4.94M | €4.74M | €4.54M | ▼ 4.3% |
| Land and buildings22 | - | €5.14M | €4.94M | €4.74M | €4.54M | ▼ 4.3% |
| Current assets29/58 | €306k | €264k | €245k | €142k | €55k | ▼ 60.9% |
| Amounts receivable within one year40/41 | €12k | €6k | €22k | €10 | - | - |
| Trade receivables40 | - | €6k | €12k | - | - | - |
| Other amounts receivable41 | - | €127 | €10k | €10 | - | - |
| Current investments50/53 | €45k | €74k | - | - | - | - |
| Cash at bank and in hand54/58 | €214k | €182k | €222k | €142k | €55k | ▼ 60.9% |
| Deferred charges and accrued income490/1 | - | €2k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.65M | €5.41M | €5.18M | €4.89M | €4.59M | ▼ 6.0% |
| Equity10/15 | €1.13M | €1.38M | €1.47M | €1.48M | €1.50M | ▲ 0.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €1.82M | €1.80M | €1.79M | €1.77M | €1.75M | ▼ 1.0% |
| Non-distributable reserves130/1 | - | €51k | €51k | €51k | €51k | = |
| Legal reserve130 | - | €51k | €51k | €51k | €51k | = |
| Tax-exempt reserves132 | - | €464k | €447k | €430k | €412k | ▼ 4.0% |
| Distributable reserves133 | - | €1.29M | €1.29M | €1.29M | €1.29M | = |
| Profit (loss) carried forward14 | €-750k | €-482k | €-375k | €-347k | €-318k | ▲ 8.4% |
| Provisions and deferred taxes16 | €248k | €239k | €230k | €221k | €212k | ▼ 4.0% |
| Deferred taxes168 | - | €239k | €230k | €221k | €212k | ▼ 4.0% |
| Amounts payable17/49 | €4.27M | €3.79M | €3.48M | €3.18M | €2.89M | ▼ 9.3% |
| Amounts payable after more than one year17 | €3.48M | €3.23M | €2.98M | €2.73M | €2.47M | ▼ 9.4% |
| Financial debts170/4 | - | €3.23M | €2.98M | €2.73M | €2.47M | ▼ 9.4% |
| Amounts payable within one year42/48 | €792k | €534k | €496k | €443k | €406k | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | - | €262k | €245k | €249k | €258k | ▲ 3.5% |
| Trade debts44 | €1k | €4k | €992 | €55k | €360 | ▼ 99.3% |
| Suppliers440/4 | - | €4k | €992 | €55k | €360 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | €50k | €31k | €7k | €9k | ▲ 26.9% |
| Taxes450/3 | - | €50k | €31k | €7k | €9k | ▲ 26.9% |
| Other amounts payable47/48 | - | €218k | €219k | €133k | €139k | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | €16k | - | €8k | €8k | ▼ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-108k | €251k | €89k | €11k | €12k | ▲ 11.0% |
| + Depreciation and write-downs630 | €205k | €205k | €205k | €206k | €206k | ▲ 0.1% |
| Operating cash flow (approximation) | €96k | €456k | €294k | €216k | €218k | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-11k | €0 | ▲ 100% |
| Change in cash | - | €-31k | €40k | €-80k | €-86k | ▼ 7.5% |
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
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €251k
Net result €251k after 3 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €-586k
Net result drops to €-586k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has 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
8 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, Sint-Pieters-Woluwe · 1 establishment unit since 1998
Ground area
567 m²
Building footprint
146 m²
Volume, LiDAR
2,693 m³
Parcel 21019A0207/00E013, Brussels · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tervurenlaan 233, 1150 Sint-Pieters-Woluwe
since 19982.088.992.988
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0207/00E013 | Brussels | 567 m² | 1 · 146 m² | 23.4 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
967600NPUSYMIUO50K50
Similar companies · same sector, comparable size
MEERT GROUP
BE 0738.928.677
Erpe-Mere · Eq €1,494,769
HAZELHEARTWOOD
BE 0836.783.168
Kortenberg · Eq €1,494,671
GOLENVAUX & C°
BE 0458.862.656
Wezembeek-Oppem · Eq €1,494,524
BONEM BEHEER
BE 0478.085.581
Damme · Eq €1,495,985
JB CONSULTING
BE 0846.673.606
Oostende · Eq €1,493,980
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,399 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
Founded14-10-1998
Fiscal year end31-12
Abbreviation NL
EVOLUTION
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.