ENCOVAN
ActiveSummary
ENCOVAN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,340 and a net result of -€8,559. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 72% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-79
Solvency99▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.75 against 2.01 in 2023; short-term debt: 25.7% and cash: 3.2% of total assets), and 25.7% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
74.3%
Return on assets
-21.7%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
3 d late
2022
369 d late
2021
31 d late
2020
12 d early
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€29,340▼ 22.6%
2023 · €37,899
Total assets
€39,469▼ 34.7%
2023 · €60,446
Net result
-€8,559
2023 · €4,821
Working capital
€27,867▲ 30.4%
2023 · €21,368
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Operating result-€3,484€8,372€6,679▼ 20.2%€8,658▲ 29.6%-€7,776
Net result-€7,377below the sector's middle half▼ 63.5%€3,481within the sector's middle half€1,863within the sector's middle half▼ 46.5%€4,821within the sector's middle half▲ 159%-€8,559below the sector's middle half
Equity€27,733within the sector's middle half▼ 21.0%€31,214within the sector's middle half▲ 12.6%€33,077within the sector's middle half▲ 6.0%€37,899within the sector's middle half▲ 14.6%€29,340within the sector's middle half▼ 22.6%
Total assets€74,363within the sector's middle half▼ 19.7%€50,785below the sector's middle half▼ 31.7%€64,381below the sector's middle half▲ 26.8%€60,446below the sector's middle half▼ 6.1%€39,469below the sector's middle half▼ 34.7%
Debt€46,630▼ 18.8%€19,570▼ 58.0%€31,303▲ 60.0%€22,547▼ 28.0%€10,129▼ 55.1%
Working capital€21,678within the sector's middle half▼ 7.5%€27,266within the sector's middle half▲ 25.8%€12,466within the sector's middle half▼ 54.3%€21,368within the sector's middle half▲ 71.4%€27,867within the sector's middle half▲ 30.4%
Solvency37.3%within the sector's middle half▼ 0.6pp61.5%within the sector's middle half▲ 24.2pp51.4%within the sector's middle half▼ 10.1pp62.7%within the sector's middle half▲ 11.3pp74.3%within the sector's middle half▲ 11.6pp
Current ratio1.53within the sector's middle half▲ 0.062.77within the sector's middle half▲ 1.241.44within the sector's middle half▼ 1.332.01within the sector's middle half▲ 0.573.75within the sector's middle half▲ 1.74
Return on assets (ROA)-9.9%below the sector's middle half▼ 5.0pp6.9%within the sector's middle half▲ 16.8pp2.9%within the sector's middle half▼ 4.0pp8.0%within the sector's middle half▲ 5.1pp-21.7%below the sector's middle half▼ 29.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7,776 after €8,658 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39,469
Fixed assets
€1,473 ▼ 91.8%
Current assets
€37,996 ▼ 10.6%
Equity and liabilities €39,469
Equity
€29,340 ▼ 22.6%
Debt
€10,129 ▼ 55.1%
Debt's share of the balance-sheet total falls from 37.3% to 25.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,145▼
2023 · €15,575
Cash flow
-€6,929▼
2023 · €11,738
Debt to equity
0.35▼
2023 · 0.59
ROE
-29.2%▼
2023 · 12.7%
Interest coverage
-2.92▼
2023 · 7.15
Debt ≤ 1 year
€10,129▼
2023 · €21,116
Income taxes
€55▼
2023 · €2,544
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,805 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,432 | €4,426 | €4,224 | €6,917 | €1,630 | ▼ 76.4% |
| Other operating charges640/8 | - | €966 | €701 | €1,387 | €971 | ▼ 30.0% |
| Non-recurring operating charges66A | - | - | - | - | €7,833 | - |
| Gross operating margin9900 | €8,610 | €13,764 | €11,605 | €16,962 | €2,659 | ▼ 84.3% |
| Operating profit (loss)9901 | -€3,484 | €8,372 | €6,679 | €8,658 | -€7,776 | ▼ 190% |
| Financial income75/76B | - | €192 | €425 | €887 | €1,373 | ▲ 54.7% |
| Recurring financial income75 | €56 | €192 | €425 | €887 | €1,373 | ▲ 54.7% |
| Financial charges65/66B | - | €3,472 | €2,502 | €2,180 | €2,101 | ▼ 3.6% |
| Recurring financial charges65 | €3,529 | €3,472 | €2,502 | €2,180 | €2,101 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | -€6,957 | €5,092 | €4,603 | €7,365 | -€8,504 | ▼ 215% |
| Income taxes67/77 | €420 | €1,611 | €2,740 | €2,544 | €55 | ▼ 97.8% |
| Profit (loss) for the period9904 | -€7,377 | €3,481 | €1,863 | €4,821 | -€8,559 | ▼ 278% |
| Profit (loss) for the period to be appropriated9905 | -€7,377 | €3,481 | €1,863 | €4,821 | -€8,559 | ▼ 278% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,363 | €50,785 | €64,381 | €60,446 | €39,469 | ▼ 34.7% |
| Fixed assets21/28 | €11,538 | €8,120 | €23,433 | €17,962 | €1,473 | ▼ 91.8% |
| Intangible fixed assets21 | €4,045 | €2,528 | €1,011 | - | - | - |
| Tangible fixed assets22/27 | €7,493 | €5,592 | €22,422 | €17,962 | €1,473 | ▼ 91.8% |
| Plant, machinery and equipment23 | - | €5,592 | €3,656 | €3,103 | €1,473 | ▼ 52.5% |
| Furniture and vehicles24 | - | - | €18,766 | €14,858 | - | - |
| Current assets29/58 | €62,825 | €42,665 | €40,948 | €42,484 | €37,996 | ▼ 10.6% |
| Amounts receivable within one year40/41 | €45,180 | €35,028 | €35,708 | €38,505 | €36,735 | ▼ 4.6% |
| Trade receivables40 | - | €24,069 | €19,330 | €15,441 | €14,297 | ▼ 7.4% |
| Other amounts receivable41 | - | €10,959 | €16,378 | €23,064 | €22,439 | ▼ 2.7% |
| Cash at bank and in hand54/58 | €17,645 | €7,510 | €5,146 | €2,960 | €1,260 | ▼ 57.4% |
| Deferred charges and accrued income490/1 | - | €126 | €94 | €1,019 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,363 | €50,785 | €64,381 | €60,446 | €39,469 | ▼ 34.7% |
| Equity10/15 | €27,733 | €31,214 | €33,077 | €37,899 | €29,340 | ▼ 22.6% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €21,011 | €21,012 | €21,012 | €21,012 | €21,012 | = |
| Distributable reserves133 | - | €21,012 | €21,012 | €21,012 | €21,012 | = |
| Profit (loss) carried forward14 | -€11,828 | -€8,347 | -€6,484 | -€1,663 | -€10,222 | ▼ 515% |
| Amounts payable17/49 | €46,630 | €19,570 | €31,303 | €22,547 | €10,129 | ▼ 55.1% |
| Amounts payable after more than one year17 | €5,483 | €4,172 | €2,822 | €1,432 | - | - |
| Financial debts170/4 | - | €4,172 | €2,822 | €1,432 | - | - |
| Amounts payable within one year42/48 | €41,147 | €15,399 | €28,482 | €21,116 | €10,129 | ▼ 52.0% |
| Current portion of amounts payable after more than one year42 | - | €1,311 | €1,350 | €1,390 | €1,432 | ▲ 3.0% |
| Financial debts43 | - | €7,519 | €24,000 | €9,000 | - | - |
| Credit institutions430/8 | - | €7,519 | €24,000 | €9,000 | - | - |
| Trade debts44 | €13,269 | €2,366 | €1,731 | €6,978 | €4,566 | ▼ 34.6% |
| Suppliers440/4 | - | €2,366 | €1,731 | €6,978 | €4,566 | ▼ 34.6% |
| Taxes, remuneration and social security45 | - | €4,202 | €1,401 | €3,748 | €4,132 | ▲ 10.3% |
| Taxes450/3 | - | €4,202 | €1,401 | €3,748 | €4,132 | ▲ 10.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,377 | €3,481 | €1,863 | €4,821 | -€8,559 | ▼ 278% |
| + Depreciation and write-downs630 | €11,432 | €4,426 | €4,224 | €6,917 | €1,630 | ▼ 76.4% |
| Operating cash flow (approximation) | €4,055 | €7,907 | €6,087 | €11,738 | -€6,929 | ▼ 159% |
| Investment in fixed assets (approximation) | - | -€1,008 | -€19,537 | -€1,446 | €14,858 | ▲ 1,127% |
| Change in cash | - | -€10,135 | -€2,365 | -€2,186 | -€1,699 | ▲ 22.3% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€8,559
Net result drops to -€8,559, the lowest in the series.
03-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 369 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €3,481
Net result €3,481 after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Evergem · 1 establishment unit since 2013
Ground area
448 m²
Building footprint
79 m²
Volume, LiDAR
528 m³
Parcel 44066C0784/00R005, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENCOVAN
since 20132.220.622.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066C0784/00R005 | Flanders | 448 m² | 1 · 79 m² | 9.8 m · 2 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 11,573 companies in sector 71121 we hold annual accounts for 6,570. 4,451 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
Founded02-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43222Installation of electric heating, air conditioning, cooling and ventilation
70200Business and other management consultancy
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536369220
Also
9925:BE0536369220
Registered
23-12-2025
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.