ACTIVE

EVOLUTION CHANGE MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

26,7 k €

+121.4% YoY

Gross margin

249,1 k €

-9.9% YoY

Equity

1,5 M €

+1.8% YoY

What does EVOLUTION CHANGE MANAGEMENT do?

EVOLUTION CHANGE MANAGEMENT is a Public limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.363.150

Incorporation

14/10/1998

Legal form

Public limited company

Registered office

Avenue de Tervueren 233
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	249,1 k €	-9.9%	276,3 k €	+0.8%	274,2 k €	-13.1%	315,6 k €	-37.5%	504,8 k €	+1036%	-53,9 k €	-106%	875,6 k €	+1119%	71,8 k €	+524%	-17 k €	-116%	107,8 k €	-6.9%	115,8 k €	+307%	28,4 k €	-83.5%	172,1 k €	-32.2%	253,7 k €	-22.2%	326,1 k €	-46.4%	608,7 k €	+184%	214,1 k €	+26.5%	169,3 k €
EBITDA	231,5 k €	-9.3%	255,4 k €	-2.3%	261,5 k €	-12.0%	297,2 k €	-39.0%	486,8 k €	+974%	-55,7 k €	-106%	872,7 k €	+1185%	67,9 k €	+427%	-20,7 k €	-120%	104 k €	-7.2%	112,1 k €	+395%	22,6 k €	-85.5%	155,8 k €	-31.9%	228,7 k €	-18.2%	279,6 k €	-46.3%	520,8 k €	+378%	108,9 k €	+45.5%	74,8 k €
Operating result	25,7 k €	-48.1%	49,6 k €	-11.3%	55,9 k €	-39.5%	92,5 k €	-67.2%	282,1 k €	+424%	-87,1 k €	-110%	870,9 k €	+1853%	44,6 k €	+200%	-44,4 k €	-155%	80,5 k €	-8.9%	88,4 k €	+6658%	-1,3 k €	-101%	120,9 k €	-36.9%	191,7 k €	-18.0%	233,8 k €	-49.6%	463,6 k €	+866%	48 k €	+219%	15 k €
Net result	26,7 k €	+121%	12,1 k €	+11.0%	10,9 k €	-87.8%	89,2 k €	-64.5%	251,1 k €	+340%	-104,4 k €	-117%	599 k €	+44.3%	415 k €	+294%	-213,9 k €	-175%	283,7 k €	-26.8%	387,5 k €	-0.9%	391,3 k €	+294%	-201,2 k €	-157%	353,3 k €	-51.6%	729,7 k €	+2239%	31,2 k €	+35.8%	23 k €	-23.7%	30,1 k €
Balance sheet
Equity	1,5 M €	+1.8%	1,5 M €	+0.8%	1,5 M €	+0.7%	1,5 M €	+6.5%	1,4 M €	-24.3%	1,8 M €	-5.4%	1,9 M €	-44.5%	3,5 M €	+13.5%	3,1 M €	-6.5%	3,3 M €	+9.5%	3 M €	+5.2%	2,8 M €	+15.9%	2,5 M €	-7.6%	2,7 M €	+15.3%	2,3 M €	+46.4%	1,6 M €	+2.0%	1,5 M €	+1.5%	1,5 M €
Total assets	4,4 M €	-4.4%	4,6 M €	-6.0%	4,9 M €	-5.7%	5,2 M €	-4.2%	5,4 M €	+158%	2,1 M €	-52.1%	4,4 M €	+24.2%	3,5 M €	+14.7%	3,1 M €	-7.7%	3,3 M €	+10.5%	3 M €	+5.1%	2,9 M €	+10.5%	2,6 M €	-6.5%	2,8 M €	+13.1%	2,5 M €	+47.8%	1,7 M €	+0.4%	1,7 M €	+3.2%	1,6 M €
Cash	60,3 k €	+8.6%	55,5 k €	-60.9%	141,9 k €	-36.2%	222,3 k €	+22.1%	182,1 k €	-79.6%	892,8 k €	-72.6%	3,3 M €	+280%	855,5 k €	+391%	174,2 k €	-89.1%	1,6 M €	+47.5%	1,1 M €	-44.5%	1,9 M €	+705%	241,9 k €	-52.8%	512,9 k €	-26.8%	701 k €	+632%	95,8 k €	-71.1%	331,1 k €	-51.1%	677,7 k €
Debts	2,7 M €	-7.6%	2,9 M €	-9.3%	3,2 M €	-8.8%	3,5 M €	-7.7%	3,8 M €	+54344%	6,9 k €	-99.7%	2,2 M €	+4249%	50,1 k €	+290%	12,8 k €	-76.3%	54,3 k €	+166%	20,4 k €	+69.8%	12 k €	-45.1%	21,9 k €	+73.9%	12,6 k €	-77.5%	55,9 k €	+1450%	3,6 k €	-90.9%	39,6 k €	+97.5%	20,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	-64.3%	2,8 ETP	-12.5%	3,2 ETP	0.0%	3,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

JACQUES RASSART

Director · since 15 décembre 2023

Active

Ended mandates

Matthieu Rassart

Director · since 01 novembre 2012 · until 15 juin 2014

Ended

Matthieu Rassart

Director · since 01 novembre 2012 · until 15 juin 2020

Ended

Matthieu Rassart

Director · since 01 novembre 2012

Ended

MATTHIEU RASSART

Manager · since 01 novembre 2012

Ended

At this address

Other companies at this address

Company	CBE no.
VALUE ADDED EUROPE● Active	0464.363.249

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/06/2026	09/07/2025	28/06/2024	04/07/2023	12/07/2022	23/06/2021
General meeting	15/06/2026	16/06/2025	15/06/2024	26/06/2023	15/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	19/06/2026	Dutch	PDF
Micro model	31/12/2024	16/06/2025	09/07/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	28/06/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	23/09/2020	Dutch	PDF
Micro model	31/12/2018	17/06/2019	24/07/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	03/07/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

JACQUES RASSART

Director · since 15 décembre 2023

Active

Ended mandates

Matthieu Rassart

Director · since 01 novembre 2012 · until 15 juin 2014

Ended

Matthieu Rassart

Director · since 01 novembre 2012 · until 15 juin 2020

Ended

Matthieu Rassart

Director · since 01 novembre 2012

Ended

MATTHIEU RASSART

Manager · since 01 novembre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other27/03/2018
DIVERSEN
PDF
Capital / shares24/11/2017
KAPITAAL - AANDELEN
PDF
Mandates02/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/11/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other10/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202526,7 k €↑
2024
Annual accounts 202412,1 k €↑
2023
Annual accounts 202310,9 k €↓
2022
Annual accounts 202289,2 k €↓
2021
Annual accounts 2021251,1 k €↑
2018
Annual accounts 2018-104,4 k €↓
2017
Annual accounts 2017599 k €↑
2016
Annual accounts 2016415 k €↑
2015
Annual accounts 2015-213,9 k €↓
2014
Annual accounts 2014283,7 k €↓
2013
Annual accounts 2013387,5 k €↓
2012
Annual accounts 2012391,3 k €↑
2011
Annual accounts 2011-201,2 k €↓
2010
Annual accounts 2010353,3 k €↓
2009
Annual accounts 2009729,7 k €↑
2008
Annual accounts 200831,2 k €↑
2007
Annual accounts 200723 k €↓
2006
Annual accounts 200630,1 k €
14/10/1998
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

EVOLUTION CHANGE MANAGEMENT

Overview

What does EVOLUTION CHANGE MANAGEMENT do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline