Summary
encephipar is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.2m and a net result of €479. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 5585 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
26 d late
2023
35 d early
2022
2 d late
2021
2 d late
2020
10 d late
2019
13 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 5 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 2 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m=
2024 · €1.2m
Net result
€479
2024 · -€12,450
Total assets
€1.6m▼ 4.8%
2024 · €1.7m
Solvency
78.0%▲ 3.8pp
2024 · 74.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Operating result-€48,134-€95,140▼ 97.7%€146,111-€52,930-€53,024▼ 0.2%
Net result€159,058within the sector's middle half▼ 21.3%€720,426within the sector's middle half▲ 353%€113,014within the sector's middle half▼ 84.3%-€12,450below the sector's middle half€479below the sector's middle half
Equity€1.2mwithin the sector's middle half▲ 14.9%€1.8mwithin the sector's middle half▲ 45.4%€1.6mwithin the sector's middle half▼ 12.5%€1.2mwithin the sector's middle half▼ 20.2%€1.2mwithin the sector's middle half=
Total assets€1.3mbelow the sector's middle half▲ 11.3%€2.0mwithin the sector's middle half▲ 53.4%€1.7mwithin the sector's middle half▼ 16.4%€1.7mwithin the sector's middle half▼ 1.6%€1.6mwithin the sector's middle half▼ 4.8%
Debt€103,065▼ 18.6%€255,701▲ 148%€144,296▼ 43.6%€432,172▲ 200%€351,633▼ 18.6%
Working capital€308,367within the sector's middle half▼ 47.0%€1.2mwithin the sector's middle half▲ 275%€1.4mwithin the sector's middle half▲ 20.4%€1.1mwithin the sector's middle half▼ 20.0%€1.2mabove the sector's middle half▲ 3.4%
Solvency92.3%above the sector's middle half▲ 2.8pp87.5%above the sector's middle half▼ 4.8pp91.5%above the sector's middle half▲ 4.1pp74.2%within the sector's middle half▼ 17.3pp78.0%within the sector's middle half▲ 3.8pp
Current ratio4.02above the sector's middle half▼ 1.675.52above the sector's middle half▲ 1.5010.66above the sector's middle half▲ 5.133.59above the sector's middle half▼ 7.064.34above the sector's middle half▲ 0.74
Return on assets (ROA)12.0%above the sector's middle half▼ 5.0pp35.3%above the sector's middle half▲ 23.4pp6.6%within the sector's middle half▼ 28.7pp-0.7%below the sector's middle half▼ 7.4pp0.0%below the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €53,024 in 2025 against €52,930 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€99,004 ▼ 25.8%
Current assets
€1.5m ▼ 3.0%
Equity and liabilities €1.6m
Equity
€1.2m =
Debt
€351,633 ▼ 18.6%
Debt's share of the balance-sheet total falls from 25.8% to 22.0%. Debt is lower.
Key figures and ratios
ROE
0.0%▲
2024 · -1.0%
Debt ≤ 1 year
€345,610▼
2024 · €429,640
Income taxes
€132▼
2024 · €629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,211 | €3,000 | €187,676 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,764 | €55,209 | €35,257 | €34,471 | €34,335 | ▼ 0.4% |
| Other operating charges640/8 | €6,208 | €5,429 | €6,268 | €3,259 | €3,398 | ▲ 4.2% |
| Gross operating margin9900 | -€12,161 | -€34,502 | €187,637 | -€15,200 | -€15,292 | ▼ 0.6% |
| Operating profit (loss)9901 | -€48,134 | -€95,140 | €146,111 | -€52,930 | -€53,024 | ▼ 0.2% |
| Financial income75/76B | €277,300 | €915,238 | €14,281 | €46,501 | €62,354 | ▲ 34.1% |
| Recurring financial income75 | €277,300 | €915,238 | €14,281 | €46,501 | €62,354 | ▲ 34.1% |
| Financial charges65/66B | €1,547 | €54 | €54 | €5,392 | €8,719 | ▲ 61.7% |
| Recurring financial charges65 | €1,547 | €54 | €54 | €5,392 | €8,719 | ▲ 61.7% |
| Profit (loss) for the period before taxes9903 | €227,619 | €820,045 | €160,337 | -€11,821 | €611 | ▲ 105% |
| Income taxes67/77 | €68,561 | €99,619 | €47,323 | €629 | €132 | ▼ 79.1% |
| Profit (loss) for the period9904 | €159,058 | €720,426 | €113,014 | -€12,450 | €479 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €159,058 | €720,426 | €113,014 | -€12,450 | €479 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €2.0m | €1.7m | €1.7m | €1.6m | ▼ 4.8% |
| Fixed assets21/28 | €919,620 | €627,491 | €167,810 | €133,339 | €99,004 | ▼ 25.8% |
| Tangible fixed assets22/27 | €640,376 | €627,491 | €167,810 | €133,339 | €99,004 | ▼ 25.8% |
| Land and buildings22 | €584,790 | €583,664 | €135,743 | €112,793 | €89,978 | ▼ 20.2% |
| Furniture and vehicles24 | €55,587 | €43,827 | €32,067 | €20,547 | €9,027 | ▼ 56.1% |
| Financial fixed assets28 | €279,244 | - | - | - | - | - |
| Current assets29/58 | €410,458 | €1.4m | €1.5m | €1.5m | €1.5m | ▼ 3.0% |
| Amounts receivable within one year40/41 | - | €630,000 | €980,000 | €1.4m | €756,165 | ▼ 45.3% |
| Other amounts receivable41 | - | €630,000 | €980,000 | €1.4m | €756,165 | ▼ 45.3% |
| Current investments50/53 | - | - | - | €98,280 | €98,280 | = |
| Cash at bank and in hand54/58 | €409,964 | €781,973 | €557,134 | €37,252 | €603,670 | ▲ 1,521% |
| Deferred charges and accrued income490/1 | €495 | €535 | €359 | €27,382 | €40,354 | ▲ 47.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €2.0m | €1.7m | €1.7m | €1.6m | ▼ 4.8% |
| Equity10/15 | €1.2m | €1.8m | €1.6m | €1.2m | €1.2m | = |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.2m | €1.7m | €1.5m | €1.2m | €1.2m | = |
| Non-distributable reserves130/1 | €23,991 | €23,991 | €23,991 | €23,991 | €23,991 | = |
| Reserves not available under the articles1311 | €23,991 | €23,991 | €23,991 | €23,991 | €23,991 | = |
| Distributable reserves133 | €1.2m | €1.7m | €1.4m | €1.1m | €1.1m | = |
| Profit (loss) carried forward14 | €32,895 | €32,895 | €92,895 | €80,444 | €80,923 | ▲ 0.6% |
| Amounts payable17/49 | €103,065 | €255,701 | €144,296 | €432,172 | €351,633 | ▼ 18.6% |
| Amounts payable within one year42/48 | €102,091 | €255,701 | €144,296 | €429,640 | €345,610 | ▼ 19.6% |
| Trade debts44 | €5,197 | €9,274 | €4,126 | €3,162 | €2,739 | ▼ 13.4% |
| Suppliers440/4 | €5,197 | €9,274 | €4,126 | €3,162 | €2,739 | ▼ 13.4% |
| Taxes, remuneration and social security45 | €62,113 | €89,837 | €49,139 | €48,568 | €2,581 | ▼ 94.7% |
| Taxes450/3 | €59,863 | €89,837 | €49,139 | €48,568 | €2,581 | ▼ 94.7% |
| Remuneration and social security454/9 | €2,250 | - | - | - | - | - |
| Other amounts payable47/48 | €34,781 | €156,590 | €91,032 | €377,909 | €340,290 | ▼ 10.0% |
| Accrued charges and deferred income492/3 | €974 | - | - | €2,533 | €6,022 | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €159,058 | €720,426 | €113,014 | -€12,450 | €479 | ▲ 104% |
| + Depreciation and write-downs630 | €29,764 | €55,209 | €35,257 | €34,471 | €34,335 | ▼ 0.4% |
| Operating cash flow (approximation) | €188,822 | €775,635 | €148,271 | €22,020 | €34,814 | ▲ 58.1% |
| Investment in fixed assets (approximation) | - | €236,920 | €424,424 | €0 | €0 | - |
| Change in cash | - | €372,009 | -€224,839 | -€519,882 | €566,419 | ▲ 209% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Back to profitnet €479
Net result €479 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet -€12,450
Net result drops to -€12,450, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
31-12
Financial
Highest result since 2018net €720,426 ▲353%
Net result €720,426, the highest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.70
Current ratio from 2.68 to 5.70; short-term debt falls from €208,598 to €123,920.
31-12
Financial
Equity above €1mEq €1.1m ▲23.4%
3 profitable years in a row build equity to €1.1m.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
Show earlier events
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 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, Jemeppe-sur-Sambre · 1 establishment unit since 2004
Ground area
3,000 m²
Building footprint
354 m²
Volume, LiDAR
1,893 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Encephipar
since 20042.139.279.966
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92090B0065/00M000 | Wallonia | 2,161 m² | 1 · 207 m² | 8.0 m · 2 fl. |
| 92090B0024/00K009 | Wallonia | 840 m² | 1 · 147 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of encephipar and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 12,194 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
Founded08-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
Phone
0478/21.03.12Jemeppe-sur-Sambre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867130906
Registered
23-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.