ENCOM
ActiveSummary
ENCOM has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,420 and a net result of €85,842. Equity has been growing by about 18% per year since 2019. Its solvency ranks better than 93% of 2,799 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-06-1992 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Joint committee
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw · annual accounts 30-06-2025
- Establishment unit
- 2.058.482.926 9280 Lebbeke, since 12-08-1992
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Coppens IgnaceDirector
- Coppens JosDirector
Shareholders
- PROLICO75.04%31-03-2026 annual accounts of PROLICO
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts to 30-06-2025
- Gross margin
- €184,059
- ▲ 203%
- Turnover
- ≈ €650,000
- estimated
- Profit
- €85,842
- ▲ 57×
- Equity
- €285,420
- ▲ 43.0%
- Total assets
- €320,469
- ▲ 56.9%
- Employees on 30-06-2025
- 1
- =
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Size: 1 FTE, total assets €320,469lowers riskFounded in 1992Equity €285,420 (89.1% of total assets)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 79% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 89.1% of total assets
Liquidity
51-7
short-term debt 10.9% · cash 1.5%
Profitability
100+61
return on assets 26.8%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%highest value
01-2025: 0.3%▼ -0.2 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.4%▲ +0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.1 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 9.14 (43.27 in 2024), above the usual 1.5. Short-term debt is 10.9% and cash 1.5% of total assets. 10.9% of the assets are financed with debt and provisions.
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 41, micro). It does better than 92% of them on solvency, 54% on liquidity, 91% on profitability and 77% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
32 days early
2023
33 days early
2022
27 days early
2021
35 days early
2020
39 days early
2019
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-12-2025 PDF all 33 filings
Turnover
€180,117
EBIT margin
32.4%
Net result
€85,842▲ 57×
2024 · €1,516
Working capital
€285,420▲ 43.0%
2024 · €199,578
In the rankings
#10 oldest company in Lebbeke, Construction sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€111,082
2025
20192025
Net result
€85,842
▲ 57×
2025
highest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€285,420
▲ 43.0%
2025
middle half of the sector
20192025
Total assets
€320,469
▲ 56.9%
2025
middle half of the sector
20192025
Debt
€35,049
▲ 642%
2025
20192025
Working capital
€285,420
▲ 43.0%
2025
middle half of the sector
20192025
Solvency
89.1%
▼ 8.6pp
2025
highest quarter of the sector
20192025
Current ratio
9.14
▼ 34.12
2025
highest quarter of the sector
20192025
Return on assets (ROA)
26.8%
▲ 26.0pp
2025
highest quarter of the sector
20192025
Staff (FTE)
1
=
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.2m
Operating result€0.04m--€0.002m€0.06m€0.06m▼ 0.8%€0.07m▲ 13.2%-€0.004m€0.1m
Net result€473-€0.004mwithin the sector's middle half▲ 648%€0.02mwithin the sector's middle half▲ 342%€0.01mwithin the sector's middle half▼ 8.5%€0.06mwithin the sector's middle half▲ 326%€0.002mwithin the sector's middle half▼ 97.5%€0.09mabove the sector's middle half▲ 57×
EBIT margin32.4%
Equity€0.1m-€0.1mwithin the sector's middle half▲ 3.4%€0.1mwithin the sector's middle half▲ 14.6%€0.1mwithin the sector's middle half▲ 11.6%€0.2mwithin the sector's middle half▲ 44.4%€0.2mwithin the sector's middle half▲ 0.8%€0.3mwithin the sector's middle half▲ 43.0%
Total assets€1.0m-€0.9mwithin the sector's middle half▼ 15.7%€0.9mwithin the sector's middle half▲ 7.7%€1.0mwithin the sector's middle half▲ 3.3%€1.0mwithin the sector's middle half▼ 2.4%€0.2mbelow the sector's middle half▼ 78.6%€0.3mwithin the sector's middle half▲ 56.9%
Debt€0.9m-€0.8m▼ 17.8%€0.8m▲ 6.8%€0.8m▲ 2.1%€0.8m▼ 10.0%€0.005m▼ 99.4%€0.04m▲ 642%
Working capital€0.1m-€0.1mwithin the sector's middle half▲ 3.4%€0.1mwithin the sector's middle half▲ 14.6%€0.1mwithin the sector's middle half▲ 11.6%€0.2mwithin the sector's middle half▲ 44.4%€0.2mwithin the sector's middle half▲ 0.8%€0.3mwithin the sector's middle half▲ 43.0%
Solvency10.0%-12.2%below the sector's middle half▲ 2.3pp13.0%below the sector's middle half▲ 0.8pp14.0%below the sector's middle half▲ 1.0pp20.8%within the sector's middle half▲ 6.7pp97.7%above the sector's middle half▲ 76.9pp89.1%above the sector's middle half▼ 8.6pp
Current ratio1.11-1.14within the sector's middle half▲ 0.031.15within the sector's middle half▲ 0.011.16within the sector's middle half▲ 0.011.26within the sector's middle half▲ 0.1043.27above the sector's middle half▲ 42.009.14above the sector's middle half▼ 34.12
Return on assets (ROA)0.0%-0.4%within the sector's middle half▲ 0.4pp1.7%within the sector's middle half▲ 1.2pp1.5%within the sector's middle half▼ 0.2pp6.4%within the sector's middle half▲ 4.9pp0.7%within the sector's middle half▼ 5.6pp26.8%above the sector's middle half▲ 26.0pp
Staff (FTE)1-1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €111,082, after a loss of €4,299 in 2024. It is the highest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €320,469
Equity
€285,420 ▲ 43.0%
Debt
€35,049 ▲ 642%
Debt's share of the balance-sheet total rises from 2.3% to 10.9%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.12▲
2024 · 0.02
ROE
30.1%▲
2024 · 0.8%
Debt ≤ 1 year
€35,049▲
2024 · €4,722
Income taxes
€25,182▲
2024 · -€5,868
Staff costs
€71,517▲
2024 · €63,579
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Training hours | 2 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Subsidies and aid
Flemish government
2023 · 1 entry · €90 awarded · €90 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €180,117 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €58,227 | €59,784 | €63,579 | €71,517 | ▲ 12.5% |
| Other operating charges640/8 | - | - | - | €1,338 | €1,378 | €1,449 | €1,460 | ▲ 0.7% |
| Gross operating margin9900 | €94,416 | €51,437 | €118,129 | €117,438 | €126,662 | €60,730 | €184,059 | ▲ 203% |
| Operating profit (loss)9901 | €36,332 | -€2,035 | €58,343 | €57,873 | €65,499 | -€4,299 | €111,082 | - |
| Financial income75/76B | - | - | - | €6,647 | €8,900 | - | - | - |
| Recurring financial income75 | €6,647 | €0 | €6,647 | €6,647 | €8,900 | - | - | - |
| Financial charges65/66B | - | - | - | €35,356 | -€10,647 | €54 | €58 | ▲ 8.0% |
| Recurring financial charges65 | €42,490 | €31 | €40,513 | €35,356 | -€10,647 | €54 | €58 | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €489 | -€2,066 | €24,477 | €29,163 | €85,047 | -€4,352 | €111,024 | - |
| Income taxes67/77 | €16 | -€5,602 | €8,857 | €14,876 | €24,191 | -€5,868 | €25,182 | - |
| Profit (loss) for the period9904 | €473 | €3,536 | €15,620 | €14,287 | €60,856 | €1,516 | €85,842 | ▲ 57× |
| Profit (loss) for the period to be appropriated9905 | €473 | €3,536 | €15,620 | €14,287 | €60,856 | €1,516 | €85,842 | ▲ 57× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | €0.2m | €0.3m | ▲ 56.9% |
| Current assets29/58 | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | €0.2m | €0.3m | ▲ 56.9% |
| Amounts receivable within one year40/41 | €1.0m | €0.9m | €0.9m | €1.0m | €0.9m | €0.2m | €0.3m | ▲ 65.7% |
| Other amounts receivable41 | - | - | - | €1.0m | €0.9m | €0.2m | €0.3m | ▲ 65.7% |
| Cash at bank and in hand54/58 | €0.005m | €0.006m | €0.009m | €0.004m | €0.006m | €0.01m | €0.005m | ▼ 64.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €0.9m | €1.0m | €1.0m | €0.2m | €0.3m | ▲ 56.9% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 43.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.04m | €0.04m | €0.05m | €0.07m | €0.1m | €0.1m | €0.2m | ▲ 65.3% |
| Amounts payable17/49 | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.005m | €0.04m | ▲ 642% |
| Amounts payable within one year42/48 | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.005m | €0.04m | ▲ 642% |
| Trade debts44 | €233 | €0.001m | €0.002m | €451 | €0.002m | €0.002m | €0.002m | ▲ 8.5% |
| Suppliers440/4 | - | - | - | €451 | €0.002m | €0.002m | €0.002m | ▲ 8.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.04m | €0.003m | €0.03m | ▲ 979% |
| Taxes450/3 | - | - | - | €0.04m | €0.04m | €435 | €0.03m | ▲ 57× |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 3.4% |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.7m | - | €0.006m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €473 | €3,536 | €15,620 | €14,287 | €60,856 | €1,516 | €85,842 | ▲ 57× |
| Operating cash flow (approximation) | €473 | €3,536 | €15,620 | €14,287 | €60,856 | €1,516 | €85,842 | ▲ 57× |
| Change in cash | - | €440 | €3,343 | -€4,798 | €1,762 | €7,675 | -€9,006 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as ENCOM has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ENCOM itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for ENCOM. 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.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-12-2025 | 2025-00591950 | |
| 30-06-2024 | abbreviated format | 30-12-2024 | 2024-00627395 | |
| 30-06-2023 | abbreviated format | 29-12-2023 | 2023-00539460 | |
| 30-06-2022 | abbreviated format | 04-01-2023 | 2023-20552207 | |
| 30-06-2021 | abbreviated format | 27-12-2021 | 2021-81800204 | |
| 30-06-2020 | abbreviated format | 23-12-2020 | 2020-76800262 | |
| 30-06-2019 | abbreviated format | 28-12-2019 | 2019-77700382 | |
| 30-06-2018 | abbreviated format | 26-12-2018 | 2018-75800379 | |
| 30-06-2017 | abbreviated format | 27-12-2017 | 2017-73300091 | |
| 30-06-2016 | abbreviated format | 28-12-2016 | 2016-72000186 |
Board & ownership
Directors
Directors
2 directors
Coppens Ignace
Current
Director · listed in the 2025 annual accounts, filed on 30-12-2025
Coppens Jos
Current
Director · listed in the 2025 annual accounts, filed on 30-12-2025
Owners and capital
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Coppens Ignace |
|
| Coppens Jos |
|
Network & group
Companies at the same address
8 other companies- VANI PROJECTS Establishment · since 2026 1012366927
- Warehouses Coppens Registered office · since 2010 0826571840
- AGRI-PROFIT Establishment · since 2009 0450269050
- 2 NOUS Registered office · since 2005 0873002869
- PROLICO Registered office · since 2001 0474185587
- VANPRAET CLIMA Registered office · since 2001 0444684226
- PROLECO Registered office · since 1990 0441234489
- COPIMMO Registered office · since 1988 0434249204
Connections & network
2 current directorsThe network starts from the directors of ENCOM. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2025
30-12
abbreviated format · 32 days before the deadline
30-06
Financial
Highest result from 2019 to 2025net €85,842 ▲5,563%
The operating result of €111,082 and the net result of €85,842 are both a record.
30-06
Financial
Equity above €200,000equity €285,420 ▲43%
With a profit in every financial year since 2019, equity grows to €285,420.
2024
30-12
abbreviated format · 32 days before the deadline
30-06
Financial
Liquidity more than 34 timescurrent ratio 43.27
The current ratio rises from 1.26 to 43.27. Short-term debt falls from €756,179 to €4,722.
2023
29-12
abbreviated format · 33 days before the deadline
30-06
Financial
Equity above €150,000equity €198,062 ▲44.4%
With a profit in every financial year since 2019, equity grows to €198,062.
04-01
abbreviated format · 27 days before the deadline
2021
27-12
abbreviated format · 35 days before the deadline
2020
23-12
abbreviated format · 39 days before the deadline
2019
28-12
abbreviated format · 34 days before the deadline
2018
26-12
abbreviated format · 36 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ENCOM in Dutch
Enterprise number
0447.650.050
Legal form
Public limited company
Status
Active, normale toestand
Founded
18-06-1992
Entity type
Legal entity
Registered office and establishments
Registered office
D'Helst 13, 9280 Lebbeke, Belgium
Establishment unit
ENCOM NV, D'Helst 13, 9280 Lebbeke since 12-08-1992 · unit number 2.058.482.92624100 Manufacture of basic metals
Activities
NACEBEL 2025VAT activities
41001
General construction of residential buildings main activity
Social security (RSZ) activities
24100
Manufacture of basic metals main activity
Codes under NACEBEL 2008
VAT activities
41201
General construction of buildings main activity
Social security (RSZ) activities
24100
Manufacture of basic metals main activity
Codes under NACEBEL 2003
VAT activities
45211
main activity
Social security (RSZ) activities
27100
main activity
Joint committee
111 Paritair Comité voor de metaal-, machine- en elektrische bouw annual accounts 30-06-2025
Invoicing and payment
VAT number
BE 0447.650.050
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0447.650.050
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Sites & property
Location
Buildings and parcels at the address
Ground area
2,051 m²
Building footprint
569 m²
Building volume
7,597 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42322D0285/00R002 | Flanders | 2,051 m² | 1 · 569 m² | 13.9 m · 5 |