ENC
ActiveSummary
ENC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €765k and a net result of €13k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-6
Solvency74▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.32 against 1.18 in 2024; short-term debt: 42.6% and cash: 0.7% of total assets), and 50.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.2%
Return on assets
0.9%
Age of the figures
9 mo
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
29 d late
2023
36 d early
2022
45 d late
2021
32 d early
2020
1 d early
2019
32 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, abbreviated schema
Equity
€765k▲ 1.8%
2024 · €752k
2018: €299klowest in 8 years
2019: €432k▲ +44.4% vs 2018
2020: €445k▲ +3.0% vs 2019
2021: €561k▲ +26.1% vs 2020
2022: €647k▲ +15.2% vs 2021
2023: €691k▲ +6.9% vs 2022
2024: €752k▲ +8.7% vs 2023
2025: €765k▲ +1.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.55M▲ 42.2%
2024 · €1.09M
2018: €495klowest in 8 years
2019: €715k▲ +44.4% vs 2018
2020: €747k▲ +4.4% vs 2019
2021: €885k▲ +18.6% vs 2020
2022: €903k▲ +2.0% vs 2021
2023: €1.13M▲ +25.2% vs 2022
2024: €1.09M▼ -3.3% vs 2023
2025: €1.55M▲ +42.2% vs 2024highest in 8 years
2018 → 2025
Net result
€13k▼ 78.1%
2024 · €60k
2018: €59k
2019: €134k▲ +127% vs 2018
2020: €62k▼ -54.0% vs 2019
2021: €117k▲ +90.1% vs 2020
2022: €86k▼ -26.3% vs 2021
2023: €218k▲ +152% vs 2022highest in 8 years
2024: €60k▼ -72.2% vs 2023
2025: €13k▼ -78.1% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-452k
2024 · €32k
2018: €163k
2019: €283k▲ +73.5% vs 2018highest in 8 years
2020: €45k▼ -84.1% vs 2019
2021: €-4k▼ -109% vs 2020
2022: €120k▲ +3082% vs 2021
2023: €156k▲ +30.6% vs 2022
2024: €32k▼ -79.3% vs 2023
2025: €-452k▼ -1499% 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€561k-€647k▲ 15.2%€691k▲ 6.9%€752k▲ 8.7%€765k▲ 1.8%
2021: €561klowest in 5 years
2022: €647k▲ +15.2% vs 2021
2023: €691k▲ +6.9% vs 2022
2024: €752k▲ +8.7% vs 2023
2025: €765k▲ +1.8% vs 2024highest in 5 years
Operating result€180k-€128k▼ 28.6%€331k▲ 158%€94k▼ 71.7%€28k▼ 69.9%
2021: €180k
2022: €128k▼ -28.6% vs 2021
2023: €331k▲ +158% vs 2022highest in 5 years
2024: €94k▼ -71.7% vs 2023
2025: €28k▼ -69.9% vs 2024lowest in 5 years
Net result€117k-€86k▼ 26.3%€218k▲ 152%€60k▼ 72.2%€13k▼ 78.1%
2021: €117k
2022: €86k▼ -26.3% vs 2021
2023: €218k▲ +152% vs 2022highest in 5 years
2024: €60k▼ -72.2% vs 2023
2025: €13k▼ -78.1% vs 2024lowest in 5 years
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 two years in a row; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€1.34M ▲ 52.6%
Current assets
€210k ▼ 0.9%
Equity and liabilities €1.55M
Equity
€765k ▲ 1.8%
Debt
€789k ▲ 131%
Debt's share of the balance-sheet total rises from 31.2% to 50.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▼
2024 · €119k
Cash flow
€52k▼
2024 · €86k
Current ratio
0.32▼
2024 · 1.18
Debt to equity
1.03▲
2024 · 0.45
ROE
1.7%▼
2024 · 8.0%
ROA
0.9%▼
2024 · 5.5%
Interest coverage
8.35▼
2024 · 35.35
Debt ≤ 1 year
€663k▲
2024 · €180k
Debt > 1 year
€124k▼
2024 · €161k
Income taxes
€7k▼
2024 · €32k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.55M▲
Fixed assets21/28€881k€1.34M▲
Tangible fixed assets22/27€731k€694k▼
Land and buildings22€636k€619k▼
Furniture and vehicles24€95k€75k▼
Financial fixed assets28€150k€650k▲
Current assets29/58€212k€210k▼
Amounts receivable within one year40/41€179k€199k▲
Trade receivables40€11k€32k▲
Other amounts receivable41€169k€167k▼
Cash at bank and in hand54/58€29k€10k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.55M▲
Equity10/15€752k€765k▲
Contributions10/11€6k€6k=
Reserves13€675k€688k▲
Distributable reserves133€675k€688k▲
Profit (loss) carried forward14€70k€70k=
Amounts payable17/49€341k€789k▲
Amounts payable after more than one year17€161k€124k▼
Financial debts170/4€161k€124k▼
Amounts payable within one year42/48€180k€663k▲
Current portion of amounts payable after more than one year42€39k€41k▲
Financial debts43-€500k
Credit institutions430/8-€500k
Trade debts44€3k€765▼
Suppliers440/4€3k€765▼
Taxes, remuneration and social security45€138k€42k▼
Taxes450/3€138k€42k▼
Other amounts payable47/48€0€78k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€49k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€38k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€124k€72k▼
Operating profit (loss)9901€94k€28k▼
Financial income75/76B€2k€320▼
Recurring financial income75€2k€320▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€92k€21k▼
Income taxes67/77€32k€7k▼
Profit (loss) for the period9904€60k€13k▼
Profit (loss) for the period to be appropriated9905€60k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€131k€84k▼
Profit (loss) brought forward from the previous period14P€70k€70k=
Transfer from equity791/2€0-
Transfer to equity691/2€60k€13k▼
To other reserves6921€60k€13k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 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 | €0 | - | - | €49k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €20k | €20k | €25k | €38k | ▲ 51.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-32k | €0 | - | - | - | - |
| Other operating charges640/8 | €3k | €5k | €6k | €5k | €5k | ▲ 13.9% |
| Gross operating margin9900 | €211k | €153k | €357k | €124k | €72k | ▼ 41.8% |
| Operating profit (loss)9901 | €180k | €128k | €331k | €94k | €28k | ▼ 69.9% |
| Financial income75/76B | €3k | €7k | €2k | €2k | €320 | ▼ 84.4% |
| Recurring financial income75 | €3k | €7k | €2k | €2k | €320 | ▼ 84.4% |
| Financial charges65/66B | €2k | €2k | €3k | €3k | €8k | ▲ 137% |
| Recurring financial charges65 | €2k | €2k | €3k | €3k | €8k | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €181k | €133k | €331k | €92k | €21k | ▼ 77.7% |
| Income taxes67/77 | €64k | €47k | €113k | €32k | €7k | ▼ 77.1% |
| Profit (loss) for the period9904 | €117k | €86k | €218k | €60k | €13k | ▼ 78.1% |
| Profit (loss) for the period to be appropriated9905 | €117k | €86k | €218k | €60k | €13k | ▼ 78.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €885k | €903k | €1.13M | €1.09M | €1.55M | ▲ 42.2% |
| Fixed assets21/28 | €737k | €675k | €659k | €881k | €1.34M | ▲ 52.6% |
| Tangible fixed assets22/27 | €692k | €675k | €659k | €731k | €694k | ▼ 5.1% |
| Land and buildings22 | €685k | €668k | €651k | €636k | €619k | ▼ 2.7% |
| Furniture and vehicles24 | €8k | €8k | €8k | €95k | €75k | ▼ 20.9% |
| Financial fixed assets28 | €45k | €0 | - | €150k | €650k | ▲ 333% |
| Current assets29/58 | €148k | €228k | €471k | €212k | €210k | ▼ 0.9% |
| Amounts receivable within one year40/41 | €143k | €126k | €358k | €179k | €199k | ▲ 10.8% |
| Trade receivables40 | €133k | €94k | €12k | €11k | €32k | ▲ 205% |
| Other amounts receivable41 | €10k | €32k | €347k | €169k | €167k | ▼ 1.3% |
| Cash at bank and in hand54/58 | €5k | €102k | €109k | €29k | €10k | ▼ 64.9% |
| Deferred charges and accrued income490/1 | - | - | €4k | €4k | €1k | ▼ 67.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €885k | €903k | €1.13M | €1.09M | €1.55M | ▲ 42.2% |
| Equity10/15 | €561k | €647k | €691k | €752k | €765k | ▲ 1.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €485k | €570k | €615k | €675k | €688k | ▲ 2.0% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €483k | €568k | €615k | €675k | €688k | ▲ 2.0% |
| Profit (loss) carried forward14 | €70k | €70k | €70k | €70k | €70k | = |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Environmental obligations163 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €324k | €256k | €439k | €341k | €789k | ▲ 131% |
| Amounts payable after more than one year17 | €172k | €148k | €124k | €161k | €124k | ▼ 23.0% |
| Financial debts170/4 | €172k | €148k | €124k | €161k | €124k | ▼ 23.0% |
| Amounts payable within one year42/48 | €152k | €108k | €315k | €180k | €663k | ▲ 268% |
| Current portion of amounts payable after more than one year42 | €25k | €24k | €24k | €39k | €41k | ▲ 6.2% |
| Financial debts43 | - | - | - | - | €500k | - |
| Credit institutions430/8 | - | - | - | - | €500k | - |
| Trade debts44 | €39k | €788 | €2k | €3k | €765 | ▼ 73.8% |
| Suppliers440/4 | €39k | €788 | €2k | €3k | €765 | ▼ 73.8% |
| Taxes, remuneration and social security45 | €87k | €83k | €116k | €138k | €42k | ▼ 69.3% |
| Taxes450/3 | €87k | €83k | €116k | €138k | €42k | ▼ 69.3% |
| Other amounts payable47/48 | €800 | €800 | €173k | €0 | €78k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117k | €86k | €218k | €60k | €13k | ▼ 78.1% |
| + Depreciation and write-downs630 | €60k | €20k | €20k | €25k | €38k | ▲ 51.9% |
| Operating cash flow (approximation) | €177k | €106k | €238k | €86k | €52k | ▼ 39.8% |
| Investment in fixed assets (approximation) | - | €42k | €-4k | €-247k | €-501k | ▼ 103% |
| Change in cash | - | €97k | €7k | €-80k | €-19k | ▲ 76.2% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €13k ▼78.1%
Net result drops to €13k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €218k ▲152%
Operating result €331k, net result €218k, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.10
Current ratio from 0.97 to 2.10; short-term debt falls from €152k to €108k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €561k ▲26.1%
4 profitable years in a row build equity to €561k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
24-07
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 2 acts read
About the unread acts
We know of 2 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
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Directors · office · real estate
Directors
2 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, Merelbeke-Melle · 1 establishment unit since 2011
Ground area
1,466 m²
Building footprint
227 m²
Volume, LiDAR
696 m³
Parcel 44010A0202/00D000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ENC
since 20112.196.249.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44010A0202/00D000 | Flanders | 1,466 m² | 1 · 227 m² | 5.4 m · 1 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,692 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
Founded01-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.