ENCOREUN
ActiveThe computed 12-month bankruptcy probability of ENCOREUN is 2.2% (moderate). The 2025 annual accounts show negative equity (€-61k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 18040 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▼-25
Solvency6▼-23
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.88 in 2023; short-term debt: 115.7% and cash: 45.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-18.6%
Return on assets
-0.8%
Age of the figures
13 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222325
2019 to 2025 · latest year €-61k
neutral · Filed after the deadline
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 27-04-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2023
2 d late
2022
8 d early
2021
6 d late
2020
1 d late
2019
30 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close17-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k
2023 · €22k
2019: €64k
2020: €106k
2021: €-5k
2022: €12k
2023: €22k
2019 → 2025
Working capital
€-65k▼ 30.7%
2023 · €-50k
2019: €58k
2020: €243k
2021: €206k
2022: €176k
2023: €-50k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€275k-€269k▼ 2.1%€272k▲ 1.1%€19k▼ 93.2%€-61k
Operating result€149k-€-560€31k€40k▲ 27.5%€8k▼ 78.9%
Net result€106k-€-5k€12k€22k▲ 75.8%€-3k
Result per fiscal year
Operating resultNet result
The operating result is €8k in 2025, compared with €40k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €327k
Fixed assets
€14k▼ 82.4%
Current assets
€314k▼ 11.8%
Key figures and ratios
EBITDA
€41k▼
2023 · €74k
Cash flow
€29k▼
2023 · €56k
Solvency
-18.6%▼
2023 · 4.3%
Current ratio
0.83▼
2023 · 0.88
Quick ratio
0.61▼
2023 · 0.72
Debt / equity
-6.38▼
2023 · 22.36
ROA
-0.8%▼
2023 · 5.0%
Interest coverage
1.91▼
2023 · 4.08
Debt
€388k▼
2023 · €415k
Debt ≤ 1 year
€379k▼
2023 · €405k
Staff costs
€429k▲
2023 · €394k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€434k€327k▼
Fixed assets21/28€78k€14k▼
Tangible fixed assets22/27€78k€14k▼
Plant, machinery and equipment23€70k€7k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€7k€5k▼
Current assets29/58€356k€314k▼
Stocks and contracts in progress3€64k€83k▲
Stocks30/36€64k€83k▲
Amounts receivable within one year40/41€62k€62k▼
Trade receivables40€10k€11k▲
Other amounts receivable41€52k€51k▼
Cash at bank and in hand54/58€207k€148k▼
Deferred charges and accrued income490/1€22k€21k▼
Equity and liabilities
Total equity and liabilities10/49€434k€327k▼
Equity10/15€19k€-61k▼
Reserves13€171€171=
Tax-exempt reserves132€171€171=
Profit (loss) carried forward14-€-61k
Investment grants15€18k-
Amounts payable17/49€415k€388k▼
Amounts payable within one year42/48€405k€379k▼
Trade debts44€129k€238k▲
Suppliers440/4€129k€238k▲
Taxes, remuneration and social security45€271k€52k▼
Taxes450/3€12k-
Remuneration and social security454/9€259k€52k▼
Other amounts payable47/48€5k€88k▲
Accrued charges and deferred income492/3€10k€10k▼
Income statement
Code20232025
Remuneration, social security and pensions62€394k€429k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€32k▼
Other operating charges640/8€848€846▼
Gross operating margin9900€469k€470k▲
Operating profit (loss)9901€40k€8k▼
Financial income75/76B€11k€10k▼
Recurring financial income75€11k€10k▼
Financial charges65/66B€18k€21k▲
Recurring financial charges65€18k€21k▲
Profit (loss) for the period before taxes9903€33k€-3k▼
Income taxes67/77€11k-
Profit (loss) for the period9904€22k€-3k▼
Profit (loss) for the period to be appropriated9905€22k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€-61k▼
Profit (loss) brought forward from the previous period14P€176k€-58k▼
Profit to be distributed694/7€198k-
Return on contributions (dividend)694€198k-
Social balance
Average headcount (FTE)90879.3-
The notes to these accounts (3 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 2 days late
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 6 days late
2021
31-08
Financial
Weakest financial yearnet €-5k ▼105%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
31-08
Financial
Highest result since 2019net €106k ▲65.2%
Operating result €149k, net result €106k, both a record.
31-08
Financial
Equity above €200kEq €275k ▲108%
2 profitable years in a row build equity to €275k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2018
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.
Franklinstraat 511000 BrusselGround area
278 m²
Building footprint
225 m²
Volume, LiDAR
4,106 m³
Parcel 21806F0294/00C006, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Supermarkt Carrefour Express
since 20182.276.528.533
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0294/00C006indicative | Brussels | 277 m² | 1 · 225 m² | 22.6 m · 6 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.276.528.533
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 4,094 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2018
Fiscal year end31-08
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.