Amarris Enghien
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 08-01-2026 PDF all 17 filings
Turnover
≈ €990,000
Estimated: probably between €860,000 and €1.2m
EBIT margin
Not included in this filing
Net result
€84,740
2024 · -€9,796
Working capital
€293,600▲ 2,175×
2024 · €135
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€121,102
2025
20182025
Net result
€84,740
2025
middle half of the sector
20182025
Equity
€314,364
▲ 36.9%
2025
middle half of the sector
20182025
Total assets
€540,220
▼ 14.0%
2025
middle half of the sector
20182025
Debt
€225,856
▼ 43.3%
2025
20182025
Working capital
€293,600
▲ 2,175×
2025
middle half of the sector
20182025
Solvency
58.2%
▲ 21.6pp
2025
middle half of the sector
20182025
Current ratio
2.30
▲ 1.30
2025
middle half of the sector
20182025
Return on assets (ROA)
15.7%
▲ 17.2pp
2025
middle half of the sector
20182025
Staff (FTE)
9.7
▲ 10.2%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€16,064-€20,573▲ 28.1%€81,947▲ 298%€140,118▲ 71.0%€45,953▼ 67.2%€83,018▲ 80.7%-€3,619€121,102
Net result€2,073-€8,741▲ 322%€58,926within the sector's middle half▲ 574%€89,555above the sector's middle half▲ 52.0%€32,322within the sector's middle half▼ 63.9%€45,270within the sector's middle half▲ 40.1%-€9,796below the sector's middle half€84,740within the sector's middle half
Equity-€7,794-€948€59,874within the sector's middle half▲ 63×€149,428within the sector's middle half▲ 150%€181,750within the sector's middle half▲ 21.6%€227,020within the sector's middle half▲ 24.9%€229,624within the sector's middle half▲ 1.1%€314,364within the sector's middle half▲ 36.9%
Total assets€262,346-€289,746▲ 10.4%€356,587within the sector's middle half▲ 23.1%€586,078above the sector's middle half▲ 64.4%€494,844within the sector's middle half▼ 15.6%€638,302within the sector's middle half▲ 29.0%€628,273within the sector's middle half▼ 1.6%€540,220within the sector's middle half▼ 14.0%
Debt€270,140-€288,798▲ 6.9%€296,714▲ 2.7%€436,650▲ 47.2%€313,094▼ 28.3%€411,282▲ 31.4%€398,649▼ 3.1%€225,856▼ 43.3%
Working capital€50,757-€58,517▲ 15.3%€114,239within the sector's middle half▲ 95.2%€46,845within the sector's middle half▼ 59.0%€41,757within the sector's middle half▼ 10.9%€68,264within the sector's middle half▲ 63.5%€135within the sector's middle half▼ 99.8%€293,600within the sector's middle half▲ 2,175×
Solvency-3.0%-0.3%▲ 3.3pp16.8%below the sector's middle half▲ 16.5pp25.5%below the sector's middle half▲ 8.7pp36.7%within the sector's middle half▲ 11.2pp35.6%within the sector's middle half▼ 1.2pp36.5%within the sector's middle half▲ 1.0pp58.2%within the sector's middle half▲ 21.6pp
Current ratio1.26-1.26=1.48within the sector's middle half▲ 0.221.12below the sector's middle half▼ 0.361.17within the sector's middle half▲ 0.041.20within the sector's middle half▲ 0.031.00within the sector's middle half▼ 0.202.30within the sector's middle half▲ 1.30
Return on assets (ROA)0.8%-3.0%▲ 2.2pp16.5%within the sector's middle half▲ 13.5pp15.3%within the sector's middle half▼ 1.2pp6.5%within the sector's middle half▼ 8.7pp7.1%within the sector's middle half▲ 0.6pp-1.6%below the sector's middle half▼ 8.7pp15.7%within the sector's middle half▲ 17.2pp
Staff (FTE)4.8-4.8=4.6above the sector's middle half▼ 4.2%8.3▲ 80.4%7.4within the sector's middle half▼ 10.8%7.7within the sector's middle half▲ 4.1%8.8within the sector's middle half▲ 14.3%9.7within the sector's middle half▲ 10.2%
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €121,102, after a loss of €3,619 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540,220
Fixed assets
€20,764 ▼ 91.0%
Current assets
€519,456 ▲ 30.3%
Equity and liabilities €540,220
Equity
€314,364 ▲ 36.9%
Debt
€225,856 ▼ 43.3%
Debt's share of the balance-sheet total falls from 63.5% to 41.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131,643▲
2024 · €932
Cash flow
€95,282▲
2024 · -€5,245
Debt to equity
0.72▼
2024 · 1.74
ROE
27.0%▲
2024 · -4.3%
Interest coverage
15.75▲
2024 · 0.15
Debt ≤ 1 year
€225,856▼
2024 · €398,525
Income taxes
€31,673
Staff costs
€430,695▲
2024 · €219,933
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 6 | 9 | 10 | 12 |
| full-time | 8 | 5 | 8 | 6 | 10 |
| part-time | 1 | 1 | 1 | 4 | 2 |
| in full-time equivalents | 8.8 | 5.8 | 8.8 | 9.3 | 11.7 |
| Average over the year, in full-time equivalents | 8.3 | 7.4 | 7.7 | 8.8 | 9.7 |
| On a permanent contract | 9 | 6 | 9 | 9 | 9 |
| Joined | 13 | 3 | 7 | - | 6 |
| Left | 11 | 6 | 4 | - | 4 |
| Training hours | - | - | - | - | 1,241 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | - | - | - | €125,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,784 | €9,732 | €5,651 | €11,523 | €11,897 |
| Intangible fixed assets | €3,240 | - | - | - | - |
| Financial fixed assets | €150,504 | €36,775 | €23,150 | - | - |
| Depreciation and write-downs of the year | €4,061 | €7,441 | €7,886 | €4,551 | €10,541 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €180,000 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €311,800 | €318,083 | €314,728 | €219,933 | €430,695 | ▲ 95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,957 | €8,710 | €5,303 | €4,061 | €7,441 | €7,886 | €4,551 | €10,541 | ▲ 132% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6,835 | €1,842 | €33,241 | -€10,198 | -€24,675 | ▼ 142% |
| Other operating charges640/8 | - | - | - | €3,903 | €243 | €17,966 | €5,571 | €30,812 | ▲ 453% |
| Non-recurring operating charges66A | - | - | - | - | - | €152 | - | - | - |
| Gross operating margin9900 | €192,410 | €260,487 | €274,059 | €466,717 | €373,562 | €456,991 | €216,238 | €568,475 | ▲ 163% |
| Operating profit (loss)9901 | €16,064 | €20,573 | €81,947 | €140,118 | €45,953 | €83,018 | -€3,619 | €121,102 | - |
| Financial income75/76B | - | - | - | €1,734 | €2,118 | €807 | €77 | €3,669 | ▲ 48× |
| Recurring financial income75 | €521 | €496 | €1,809 | €1,734 | €2,118 | €807 | €77 | €3,669 | ▲ 48× |
| Financial charges65/66B | - | - | - | €19,854 | €15,956 | €20,416 | €6,254 | €8,357 | ▲ 33.6% |
| Recurring financial charges65 | €14,512 | €12,328 | €13,221 | €19,854 | €15,956 | €20,416 | €6,254 | €8,357 | ▲ 33.6% |
| Profit (loss) for the period before taxes9903 | €2,073 | €8,741 | €70,536 | €121,998 | €32,115 | €63,409 | -€9,796 | €116,413 | - |
| Income taxes67/77 | €0 | €0 | €11,610 | €32,443 | -€207 | €18,140 | - | €31,673 | - |
| Profit (loss) for the period9904 | €2,073 | €8,741 | €58,926 | €89,555 | €32,322 | €45,270 | -€9,796 | €84,740 | - |
| Profit (loss) for the period to be appropriated9905 | €2,073 | €8,741 | €58,926 | €89,555 | €32,322 | €45,270 | -€9,796 | €84,740 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €262,346 | €289,746 | €356,587 | €586,078 | €494,844 | €638,302 | €628,273 | €540,220 | ▼ 14.0% |
| Fixed assets21/28 | €16,429 | €9,904 | €6,193 | €162,660 | €201,726 | €222,641 | €229,613 | €20,764 | ▼ 91.0% |
| Intangible fixed assets21 | €1,560 | €1,170 | €780 | €3,140 | €2,102 | €1,454 | €1,130 | €482 | ▼ 57.3% |
| Tangible fixed assets22/27 | €14,382 | €8,319 | €4,998 | €8,601 | €11,930 | €10,343 | €17,639 | €19,642 | ▲ 11.4% |
| Furniture and vehicles24 | - | - | - | €8,601 | €6,833 | €4,481 | €6,031 | €9,567 | ▲ 58.6% |
| Other tangible fixed assets26 | - | - | - | - | €5,097 | €5,862 | €11,608 | €10,076 | ▼ 13.2% |
| Financial fixed assets28 | €487 | €415 | €415 | €150,919 | €187,694 | €210,844 | €210,844 | €640 | ▼ 99.7% |
| Current assets29/58 | €245,917 | €279,841 | €350,394 | €423,418 | €293,119 | €415,661 | €398,660 | €519,456 | ▲ 30.3% |
| Amounts receivable within one year40/41 | €166,681 | €197,517 | €244,308 | €378,688 | €257,465 | €361,422 | €281,597 | €435,322 | ▲ 54.6% |
| Trade receivables40 | - | - | - | €242,675 | €251,608 | €359,818 | €273,840 | €435,322 | ▲ 59.0% |
| Other amounts receivable41 | - | - | - | €136,013 | €5,857 | €1,605 | €7,757 | - | - |
| Current investments50/53 | - | - | - | €500 | €500 | €500 | €500 | €500 | = |
| Cash at bank and in hand54/58 | €65,001 | €77,901 | €104,061 | €42,161 | €28,259 | €44,904 | €104,639 | €70,083 | ▼ 33.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,069 | €6,894 | €8,834 | €11,925 | €13,551 | ▲ 13.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €262,346 | €289,746 | €356,587 | €586,078 | €494,844 | €638,302 | €628,273 | €540,220 | ▼ 14.0% |
| Equity10/15 | -€7,794 | €948 | €59,874 | €149,428 | €181,750 | €227,020 | €229,624 | €314,364 | ▲ 36.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €19,260 | €19,260 | €19,260 | €19,260 | €19,260 | €19,260 | €19,260 | €19,260 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €17,400 | €17,400 | €17,400 | €17,400 | €17,400 | = |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€33,254 | -€24,512 | €34,414 | €123,968 | €156,290 | €201,560 | €191,764 | €276,504 | ▲ 44.2% |
| Amounts payable17/49 | €270,140 | €288,798 | €296,714 | €436,650 | €313,094 | €411,282 | €398,649 | €225,856 | ▼ 43.3% |
| Amounts payable after more than one year17 | €73,979 | €67,055 | €60,000 | €60,000 | €60,000 | €60,000 | - | - | - |
| Financial debts170/4 | - | - | - | €60,000 | €60,000 | €60,000 | - | - | - |
| Amounts payable within one year42/48 | €195,160 | €221,324 | €236,155 | €376,573 | €251,362 | €347,396 | €398,525 | €225,856 | ▼ 43.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €16,473 | €22,006 | ▲ 33.6% |
| Financial debts43 | - | - | - | €125,000 | €125,000 | €142,526 | €185,000 | - | - |
| Credit institutions430/8 | - | - | - | €125,000 | €125,000 | €110,000 | €185,000 | - | - |
| Other loans439 | - | - | - | - | - | €32,526 | - | - | - |
| Trade debts44 | €57,375 | €57,956 | €60,026 | €164,472 | €56,024 | €108,483 | €106,578 | €120,431 | ▲ 13.0% |
| Suppliers440/4 | - | - | - | €164,472 | €56,024 | €108,483 | €106,578 | €120,431 | ▲ 13.0% |
| Taxes, remuneration and social security45 | - | - | - | €67,096 | €49,518 | €75,653 | €90,474 | €83,419 | ▼ 7.8% |
| Taxes450/3 | - | - | - | €18,185 | €10,694 | €20,826 | €37,013 | €29,865 | ▼ 19.3% |
| Remuneration and social security454/9 | - | - | - | €48,911 | €38,824 | €54,826 | €53,460 | €53,554 | ▲ 0.2% |
| Other amounts payable47/48 | - | - | - | €20,006 | €20,820 | €20,734 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €77 | €1,732 | €3,886 | €124 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,073 | €8,741 | €58,926 | €89,555 | €32,322 | €45,270 | -€9,796 | €84,740 | - |
| + Depreciation and write-downs630 | €15,957 | €8,710 | €5,303 | €4,061 | €7,441 | €7,886 | €4,551 | €10,541 | ▲ 132% |
| Operating cash flow (approximation) | €18,030 | €17,451 | €64,229 | €93,616 | €39,763 | €53,155 | -€5,245 | €95,282 | - |
| Investment in fixed assets (approximation) | - | -€2,185 | -€1,592 | -€160,528 | -€46,507 | -€28,801 | -€11,523 | €198,307 | - |
| Change in cash | - | €12,900 | €26,160 | -€61,900 | -€13,902 | €16,645 | €59,734 | -€34,556 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Amarris Enghien has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Amarris Enghien itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Amarris Enghien. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 08-01-2026 | 2026-00005293 | |
| 30-06-2024 | full format | 09-04-2025 | 2025-00066733 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00417582 | |
| 31-12-2022 | full format | 13-08-2023 | 2023-00326697 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20323812 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-47800109 | |
| 31-12-2019 | micro format | 08-11-2020 | 2020-69800255 | |
| 31-12-2018 | micro format | 07-08-2019 | 2019-44700575 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-27100315 | |
| 31-12-2016 | micro format | 26-02-2018 | 2018-05400313 |