ENCIMA
ActiveENCIMA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €44k. Equity is shrinking by ~16.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 22% of 2680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+9
Solvency37▼-4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.91 in 2024; short-term debt: 77.5% and cash: 3.2% of total assets), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
12.1%
Return on assets
7.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2680 sector peers (2025).
NBB · sector comparisonPosition among 2680 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
33 d early
2022
4 d early
2021
44 d early
2020
73 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€69k▼ 47.5%
2024 · €131k
2018: €254k
2019: €294k
2020: €312k
2021: €234k
2022: €170k
2023: €139k
2024: €131k
2018 → 2025
Total assets
€568k▼ 28.5%
2024 · €795k
2018: €512k
2019: €643k
2020: €819k
2021: €699k
2022: €670k
2023: €729k
2024: €795k
2018 → 2025
Net result
€44k▲ 2,079%
2024 · €2k
2018: €11k
2019: €40k
2020: €18k
2021: €51k
2022: €32k
2023: €28k
2024: €2k
2018 → 2025
Working capital
€-87k▼ 63.0%
2024 · €-54k
2018: €187k
2019: €230k
2020: €225k
2021: €153k
2022: €81k
2023: €-36k
2024: €-54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€234k-€170k▼ 27.3%€139k▼ 18.3%€131k▼ 6.2%€69k▼ 47.5%
Operating result€66k-€57k▼ 13.9%€45k▼ 20.9%€29k▼ 36.7%€54k▲ 88.3%
Net result€51k-€32k▼ 37.5%€28k▼ 13.7%€2k▼ 92.7%€44k▲ 2,079%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 88% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €568k
Fixed assets
€215k▼ 16.8%
Current assets
€353k▼ 34.1%
Equity and liabilities €568k
Equity
€69k▼ 47.5%
Debt
€500k▼ 24.8%
The debt ratio rises from 83.6% to 87.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€106k▲
2024 · €76k
Cash flow
€96k▲
2024 · €50k
Solvency
12.1%▼
2024 · 16.4%
Current ratio
0.80▼
2024 · 0.91
Quick ratio
0.80▼
2024 · 0.91
Debt / equity
7.29▲
2024 · 5.08
ROE
64.4%▲
2024 · 1.5%
ROA
7.8%▲
2024 · 0.3%
Interest coverage
12.50▼
2024 · 12.72
Debt
€500k▼
2024 · €664k
Debt ≤ 1 year
€440k▼
2024 · €590k
Debt > 1 year
€59k▼
2024 · €74k
Income taxes
€1k▼
2024 · €21k
Staff costs
€604k▼
2024 · €663k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€795k€568k▼
Fixed assets21/28€259k€215k▼
Intangible fixed assets21€107k€91k▼
Tangible fixed assets22/27€151k€124k▼
Furniture and vehicles24€62k€51k▼
Other tangible fixed assets26€90k€74k▼
Financial fixed assets28€50€50=
Current assets29/58€536k€353k▼
Amounts receivable within one year40/41€492k€321k▼
Trade receivables40€492k€317k▼
Other amounts receivable41€550€4k▲
Cash at bank and in hand54/58€32k€18k▼
Deferred charges and accrued income490/1€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€795k€568k▼
Equity10/15€131k€69k▼
Contributions10/11€6k€6k=
Reserves13€125k€63k▼
Distributable reserves133€125k€63k▼
Profit (loss) carried forward14€42€17▼
Amounts payable17/49€664k€500k▼
Amounts payable after more than one year17€74k€59k▼
Financial debts170/4€74k€59k▼
Amounts payable within one year42/48€590k€440k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€336k€225k▼
Suppliers440/4€336k€225k▼
Taxes, remuneration and social security45€163k€137k▼
Taxes450/3€61k€43k▼
Remuneration and social security454/9€103k€94k▼
Other amounts payable47/48€75k€64k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€663k€604k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€52k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-84k€0▲
Other operating charges640/8€18k€5k▼
Gross operating margin9900€672k€715k▲
Operating profit (loss)9901€29k€54k▲
Financial income75/76B€17€14▼
Recurring financial income75€17€14▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€23k€45k▲
Income taxes67/77€21k€1k▼
Profit (loss) for the period9904€2k€44k▲
Profit (loss) for the period to be appropriated9905€2k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€44k▲
Profit (loss) brought forward from the previous period14P€517€42▼
Transfer from equity791/2€11k€106k▲
Transfer to equity691/2€3k€44k▲
To other reserves6921€3k€44k▲
Profit to be distributed694/7€11k€106k▲
Return on contributions (dividend)694€11k€106k▲
Employees696€0-
Social balance
Average headcount (FTE)90879.38.3▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼92.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €51k ▲189%
Net result €51k, the highest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Torhout · 1 establishment unit since 2002
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.
Keibergstraat 1128820 TorhoutGround area
247 m²
Parcel 31522D0490/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
ENCIMA
since 20022.114.307.515
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0490/00E000indicative | Flanders | 247 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 127,750 EUR awarded · 101,304 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 126,587 EUR | 100,141 EUR |
| 2023 | 1 | 105 EUR | 105 EUR |
| 2022 | 1 | 1,058 EUR | 1,058 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400S3ZIAXGMZGFE94
Similar companies · same sector, comparable size
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PIETER DEBAERE IT SOLUTIONS
BE 1009.626.775
Deinze · Eq €69k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 15,542 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-07-2002
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
72100
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.