ENCELADE
ActiveSummary
ENCELADE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,369 and a net result of €15,132. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 2729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency93▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 3.38 in 2024; short-term debt: 32.4% and cash: 42.1% of total assets), and 32.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
67.6%
Return on assets
21.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
2023
66 d late
2022
22 d late
2021
30 d late
2020
30 d late
2019
143 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€171,191
EBIT margin
12.7%
Net result
€15,132▼ 20.6%
2024 · €19,056
Working capital
€47,239▲ 12.2%
2024 · €42,107
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€3,728▼ 36.1%-€6,305€2,197€22,586▲ 928%€18,233▼ 19.3%
Net result€3,731within the sector's middle half▼ 15.9%-€5,936below the sector's middle half€3,327within the sector's middle half€19,056within the sector's middle half▲ 473%€15,132within the sector's middle half▼ 20.6%
EBIT margin
Equity€37,791below the sector's middle half▲ 11.0%€31,855below the sector's middle half▼ 15.7%€23,182below the sector's middle half▼ 27.2%€42,237below the sector's middle half▲ 82.2%€47,369within the sector's middle half▲ 12.2%
Total assets€59,732below the sector's middle half▲ 33.5%€33,127below the sector's middle half▼ 44.5%€44,799below the sector's middle half▲ 35.2%€59,930below the sector's middle half▲ 33.8%€70,087below the sector's middle half▲ 16.9%
Debt€21,941▲ 105%€1,272▼ 94.2%€21,617▲ 1,599%€17,693▼ 18.2%€22,718▲ 28.4%
Working capital€34,309within the sector's middle half▲ 24.3%€30,123within the sector's middle half▼ 12.2%€23,052within the sector's middle half▼ 23.5%€42,107within the sector's middle half▲ 82.7%€47,239within the sector's middle half▲ 12.2%
Solvency63.3%within the sector's middle half▼ 12.8pp96.2%above the sector's middle half▲ 32.9pp51.7%within the sector's middle half▼ 44.4pp70.5%above the sector's middle half▲ 18.7pp67.6%within the sector's middle half▼ 2.9pp
Current ratio2.56within the sector's middle half▼ 1.0224.68above the sector's middle half▲ 22.122.07within the sector's middle half▼ 22.623.38above the sector's middle half▲ 1.313.08within the sector's middle half▼ 0.30
Return on assets (ROA)6.2%within the sector's middle half▼ 3.7pp-17.9%below the sector's middle half▼ 24.2pp7.4%within the sector's middle half▲ 25.3pp31.8%above the sector's middle half▲ 24.4pp21.6%above the sector's middle half▼ 10.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,087
Fixed assets
€130 =
Current assets
€69,957 ▲ 17.0%
Equity and liabilities €70,087
Equity
€47,369 ▲ 12.2%
Debt
€22,718 ▲ 28.4%
Debt's share of the balance-sheet total rises from 29.5% to 32.4%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.48▲
2024 · 0.42
ROE
31.9%▼
2024 · 45.1%
Debt ≤ 1 year
€22,718▲
2024 · €17,693
Income taxes
€4,108▼
2024 · €4,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,972 | €1,749 | €1,603 | - | - | - |
| Other operating charges640/8 | €429 | €347 | €469 | €670 | €668 | ▼ 0.3% |
| Gross operating margin9900 | €7,129 | -€4,209 | €4,269 | €23,256 | €18,901 | ▼ 18.7% |
| Operating profit (loss)9901 | €3,728 | -€6,305 | €2,197 | €22,586 | €18,233 | ▼ 19.3% |
| Financial income75/76B | €1,245 | €1,250 | €1,285 | €1,323 | €1,402 | ▲ 6.0% |
| Recurring financial income75 | €1,245 | €1,250 | €1,285 | €1,323 | €1,402 | ▲ 6.0% |
| Financial charges65/66B | €268 | €990 | €155 | €269 | €395 | ▲ 46.8% |
| Recurring financial charges65 | €268 | €990 | €155 | €269 | €395 | ▲ 46.8% |
| Profit (loss) for the period before taxes9903 | €4,705 | -€6,045 | €3,327 | €23,640 | €19,240 | ▼ 18.6% |
| Income taxes67/77 | €974 | -€109 | - | €4,584 | €4,108 | ▼ 10.4% |
| Profit (loss) for the period9904 | €3,731 | -€5,936 | €3,327 | €19,056 | €15,132 | ▼ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €3,731 | -€5,936 | €3,327 | €19,056 | €15,132 | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,732 | €33,127 | €44,799 | €59,930 | €70,087 | ▲ 16.9% |
| Fixed assets21/28 | €3,482 | €1,732 | €130 | €130 | €130 | = |
| Tangible fixed assets22/27 | €3,352 | €1,602 | - | - | - | - |
| Furniture and vehicles24 | €3,352 | €1,602 | - | - | - | - |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €56,250 | €31,395 | €44,669 | €59,800 | €69,957 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €12,378 | €11,253 | €22,631 | €9,021 | €10,380 | ▲ 15.1% |
| Trade receivables40 | €12,378 | €11,253 | €22,631 | €9,021 | €10,380 | ▲ 15.1% |
| Current investments50/53 | €30,145 | €15,145 | €17,195 | €18,427 | €29,829 | ▲ 61.9% |
| Cash at bank and in hand54/58 | €8,953 | €3,104 | €4,777 | €30,828 | €29,494 | ▼ 4.3% |
| Deferred charges and accrued income490/1 | €4,774 | €1,893 | €66 | €1,524 | €254 | ▼ 83.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,732 | €33,127 | €44,799 | €59,930 | €70,087 | ▲ 16.9% |
| Equity10/15 | €37,791 | €31,855 | €23,182 | €42,237 | €47,369 | ▲ 12.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | - | - | - | - | - |
| Other1109/19 | €12,400 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €23,531 | €17,595 | €8,922 | €27,977 | €33,109 | ▲ 18.3% |
| Amounts payable17/49 | €21,941 | €1,272 | €21,617 | €17,693 | €22,718 | ▲ 28.4% |
| Amounts payable within one year42/48 | €21,941 | €1,272 | €21,617 | €17,693 | €22,718 | ▲ 28.4% |
| Trade debts44 | €5,120 | €1,272 | €3,956 | €11,506 | €2,520 | ▼ 78.1% |
| Suppliers440/4 | €5,120 | €1,272 | €3,956 | €11,506 | €2,520 | ▼ 78.1% |
| Taxes, remuneration and social security45 | €16,821 | - | €7,461 | €6,087 | €12,111 | ▲ 99.0% |
| Taxes450/3 | €16,821 | - | €7,461 | €6,087 | €12,111 | ▲ 99.0% |
| Other amounts payable47/48 | - | - | €10,200 | €100 | €8,087 | ▲ 7,987% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,731 | -€5,936 | €3,327 | €19,056 | €15,132 | ▼ 20.6% |
| + Depreciation and write-downs630 | €2,972 | €1,749 | €1,603 | - | - | - |
| Operating cash flow (approximation) | €6,703 | -€4,187 | €4,930 | €19,056 | €15,132 | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | €1 | -€1 | €0 | €0 | - |
| Change in cash | - | -€5,849 | €1,673 | €26,051 | -€1,334 | ▼ 105% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2019net €19,056 ▲473%
Operating result €22,586, net result €19,056, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 66 days late
2023
31-12
Financial
Back to profitnet €3,327
Net result €3,327 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€5,936
Net result drops to -€5,936, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 24.68
Current ratio from 2.56 to 24.68; short-term debt falls from €21,941 to €1,272.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.58
Current ratio from 1.62 to 3.58; short-term debt falls from €43,533 to €10,689.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Sint-Pieters-Woluwe · 1 establishment unit since 2018
Ground area
371 m²
Building footprint
227 m²
Volume, LiDAR
3,018 m³
Parcel 21683D0033/00A007, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
ENCELADE
since 20182.278.680.448
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0033/00A007 | Brussels | 371 m² | 1 · 227 m² | 19.4 m · 5 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 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,288 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
Founded20-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700990987
Also
9925:BE0700990987
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.