Losses
-€6,382 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
ENBA-TECH
Lifetime
3 annual accounts with figures on one time axispeak €11,070 (2023)
-€777▲ €509
lowest -€5,059 (2024)
-€1,324▲ €3,735
peak €7,695 (2023)
€1,313▼ 50.2%
€6,795▼ 35.6%
Board2 names since 2023
1 directorBagseven Mustafa
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from -€1,286 to -€777Loss of €1,324Registered office moved within Ghent 28-10Equity from €2,636 to €1,313Debts from €10,553 to €6,795
Key points
from the 2025 annual accountsDebts
€6,795 84% of the balance sheet
Investments
€3,500 50.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.69 was 1.25 in 2024
Short-term debts fell from €10,553 to €6,795.
Filings
3 annual accounts 1 late
The 2025 accounts came 24 days late. The other two were filed on time.
Position in the sector
€1,313
Less equity than 90% of companies in specialised construction. Sector median €57,715 · 35,131 companies.
Turnover not published (micro format)
Checked score
50
Fair
Financially stronger than 9% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.9%● unchanged vs 12-2024
02-2025: 3.0%▲ +0.1 percentage points vs 01-2025
03-2025: 3.1%▲ +0.1 percentage points vs 02-2025
04-2025: 3.1%● unchanged vs 03-2025
05-2025: 3.2%▲ +0.1 percentage points vs 04-2025
06-2025: 3.2%● unchanged vs 05-2025
07-2025: 3.2%● unchanged vs 06-2025
08-2025: 3.3%▲ +0.1 percentage points vs 07-2025
09-2025: 3.1%▼ -0.2 percentage points vs 08-2025
10-2025: 3.1%● unchanged vs 09-2025
11-2025: 4.1%▲ +1.0 percentage point vs 10-2025
12-2025: 4.1%● unchanged vs 11-2025
01-2026: 4.1%● unchanged vs 12-2025
02-2026: 4.1%● unchanged vs 01-2026
03-2026: 4.1%● unchanged vs 02-2026
04-2026: 4.8%▲ +0.7 percentage points vs 03-2026
05-2026: 5.2%▲ +0.4 percentage points vs 04-2026
06-2026: 5.3%▲ +0.1 percentage points vs 05-2026
07-2026: 5.4%▲ +0.1 percentage points vs 06-2026
08-2026: 5.9%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 3.0%▼ -2.9 percentage points vs 08-2026
10-2026: 2.5%▼ -0.5 percentage points vs 09-2026lowest value
11-2026: 2.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 26-08-2026)
Size: total assets €8,108
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 18% of them on solvency, 6% on liquidity, 4% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,207 companies had the same profile as ENBA-TECH has now. Each dot stands for 4 companies, two years later.
90.1%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ENBA-TECH itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,207 companies, not a prediction for ENBA-TECH. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.69 (1.25 in 2024), below 1. Short-term debt is 83.8% and cash 4.8% of total assets. 83.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€1,324
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 35119 sector peers (2025).
NBB · sector comparisonPosition among 35119 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
24 days late
2024
6 days early
2023
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 6 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798268131
Registered office moved within Ghent
Transfer of 100 shares from Yilmazer Abdilkadir to Bagseven Mustafa · New registered office: Dendermondsesteenweg 264, 9040 Gent (Sint Amandsberg) · Previous registered office: Schommelstraat 50, 9000 Gent · General meeting of 15-10-2025 · Gazette deed
Incorporation
Founding capital of €2,000, 100 shares · Founder: YILMAZER, Abdilkadir · Appointment: YILMAZER, Abdilkadir (director) · published on 13-02-2023 · Gazette deed
First establishment
Dendermondsesteenweg 264, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ENBA-TECH Ghent | - | - | 16.2% | - |
| LC ENERGY Olne | - | - | 41.7% | - |
| MULTI TECH SOLUTION Tournai | - | - | 67.4% | - |
| Avmcom Courcelles | €31,785 | -65.3% | 33.7% | - |
| AUTONHOMES Mons | €55,135 | -13.1% | 73.2% | - |
| JLD HOME Sint-Genesius-Rode | - | - | -520.2% | - |
| KS Renoworkz Bocholt | - | - | -44.7% | - |
These companies have the same main activity as ENBA-TECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €6,750 and €9,480, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 09-02-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.342.527.8289040 Ghent, since 09-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 25-12-2025
Insights on ENBA-TECH
ENBA-TECH files the micro format. That format states no turnover. The gross margin fell from €11,070 in 2023 to -€777 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ENBA-TECH
- What is the company number of ENBA-TECH?
- The company number of ENBA-TECH is 0798.268.131. The VAT number is the same number with BE in front: BE 0798.268.131.
- Where is ENBA-TECH based?
- The registered office is at Dendermondsesteenweg 264, 9040 Ghent.Company details
- What does ENBA-TECH do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ENBA-TECH?
- ENBA-TECH is a private limited company (BV).
- When was ENBA-TECH founded?
- ENBA-TECH was founded on 09-02-2023.
- Is ENBA-TECH still active?
- Yes, ENBA-TECH is an active enterprise in the KBO register.
- What is the turnover of ENBA-TECH?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ENBA-TECH profitable?
- In financial year 2025, ENBA-TECH made a loss of €1,324.
- Where can I find the annual accounts of ENBA-TECH?
- ENBA-TECH filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ENBA-TECH due?
- ENBA-TECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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