ENASEM

Bankruptcy

Private limited company (pre-2019)founded 2017KBO/BCE: BE 0684.445.262

The KBO register records for ENASEM the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €29k and a net result of €-9k.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-09-2024, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

57 d late

2022

30 d late

2021

101 d late

2020

31 d late

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Turnover

€251k

EBIT margin

7.0%

Net result

€-9k

2022 · €12k

2018: €-2k 2019: €24k 2020: €-25k 2021: €15k 2022: €12k

2018 → 2023

Working capital

€-968

2022 · €7k

2018: €1k 2019: €25k 2020: €5k 2021: €23k 2022: €7k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€251k

Equity€35k-€10k▼ 70.8%€26k▲ 148%€38k▲ 48.8%€29k▼ 24.6%

Operating result€23k-€-25k€18k€14k▼ 20.8%€-8k

Net result€24k-€-25k€15k€12k▼ 18.3%€-9k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2023: a loss of €8k after €14k in 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €135k

34.9%

65.1%

Fixed assets €47k▼ 23.4%

Current assets €88k▲ 35.9%

Equity and liabilities €135k

21.3%

78.7%

Equity €29k▼ 24.6%

Debt €106k▲ 20.7%

The debt ratio rises from 69.8% to 78.7%. Equity is lower and debt is higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€7k▼

2022 · €26k

Cash flow

€5k▼

2022 · €25k

Solvency

21.3%▼

2022 · 30.2%

Current ratio

0.99▼

2022 · 1.11

Quick ratio

0.98▼

2022 · 1.10

Debt / equity

3.69▲

2022 · 2.31

ROE

-32.7%▼

2022 · 32.8%

ROA

-7.0%▼

2022 · 9.9%

Interest coverage

4.06▼

2022 · 18.64

Debt

€106k▲

2022 · €88k

Debt ≤ 1 year

€89k▲

2022 · €58k

Debt > 1 year

€17k▼

2022 · €30k

Staff costs

€32k▼

2022 · €54k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€126k€135k▲

Fixed assets21/28€61k€47k▼

Tangible fixed assets22/27€61k€47k▼

Plant, machinery and equipment23€10k€8k▼

Furniture and vehicles24€51k€39k▼

Current assets29/58€65k€88k▲

Stocks and contracts in progress3€727€727=

Stocks30/36€727€727=

Amounts receivable within one year40/41€51k€23k▼

Trade receivables40€31k-

Other amounts receivable41€21k€23k▲

Cash at bank and in hand54/58€12k€64k▲

Deferred charges and accrued income490/1€803-

Equity and liabilities

Total equity and liabilities10/49€126k€135k▲

Equity10/15€38k€29k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Other1319€2k€2k=

Profit (loss) carried forward14€18k€8k▼

Amounts payable17/49€88k€106k▲

Amounts payable after more than one year17€30k€17k▼

Financial debts170/4€30k€17k▼

Amounts payable within one year42/48€58k€89k▲

Current portion of amounts payable after more than one year42€12k€13k▲

Trade debts44€22k€57k▲

Suppliers440/4€22k€57k▲

Taxes, remuneration and social security45€5k€2k▼

Remuneration and social security454/9€5k€2k▼

Other amounts payable47/48€19k€17k▼

Income statement Code20222023

Non-recurring operating income76A€8k-

Remuneration, social security and pensions62€54k€32k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲

Other operating charges640/8€7k€4k▼

Gross operating margin9900€87k€43k▼

Operating profit (loss)9901€14k€-8k▼

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€12k€-9k▼

Profit (loss) for the period9904€12k€-9k▼

Profit (loss) for the period to be appropriated9905€12k€-9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€18k€8k▼

Profit (loss) brought forward from the previous period14P€5k€18k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2024

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

09-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 101 days late

2021

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Weakest financial yearnet €-25k ▼205%

Net result drops to €-25k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

31-12

Financial Back to profitnet €24k

Net result €24k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 3.06

Current ratio from 1.12 to 3.06.

30-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-10-2025 MAMED ABDOUEI KOTBAN Mehrdad: Resigned as Director

30-06-2025 MAMAD ABDUIE Habib: Resigned as Director

01-10-2018 BITER Muhammet Ali: Resigned as Managing director

30-06-2018 BITER Mustafa: Resigned as Managing director

Location & real-estate footprint

1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

208 m²

Building footprint