ENEMAN MICHAEL
ActiveSummary
ENEMAN MICHAEL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511k and a net result of €4k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 75% of 3674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-2
Solvency81▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.89 in 2024; short-term debt: 43.6% and cash: 6.5% of total assets), and 44.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
55.5%
Return on assets
0.5%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
7 d early
2023
33 d early
2022
4 d early
2021
on the day
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€511k▲ 0.8%
2024 · €506k
2019: €445k
2020: €467k
2021: €436k
2022: €477k
2023: €490k
2024: €506k
2019 → 2025
Total assets
€920k▲ 23.0%
2024 · €748k
2019: €882k
2020: €830k
2021: €740k
2022: €720k
2023: €724k
2024: €748k
2019 → 2025
Net result
€4k▼ 74.1%
2024 · €16k
2019: €42k
2020: €22k
2021: €-30k
2022: €41k
2023: €13k
2024: €16k
2019 → 2025
Working capital
€-300k▼ 2,666%
2024 · €-11k
2019: €125k
2020: €96k
2021: €12k
2022: €16k
2023: €-64k
2024: €-11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€436k-€477k▲ 9.4%€490k▲ 2.7%€506k▲ 3.3%€511k▲ 0.8%
Operating result€-15k-€59k€32k▼ 44.7%€27k▼ 15.1%€10k▼ 63.5%
Net result€-30k-€41k€13k▼ 68.6%€16k▲ 26.3%€4k▼ 74.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €920k
Fixed assets
€819k ▲ 25.0%
Current assets
€100k ▲ 8.9%
Equity and liabilities €920k
Equity
€511k ▲ 0.8%
Debt
€409k ▲ 69.5%
Debt's share of the balance-sheet total rises from 32.3% to 44.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €75k
Cash flow
€84k▲
2024 · €64k
Current ratio
0.25▼
2024 · 0.89
Debt to equity
0.80▲
2024 · 0.48
ROE
0.8%▼
2024 · 3.2%
ROA
0.5%▼
2024 · 2.2%
Interest coverage
24.47▲
2024 · 14.95
Debt ≤ 1 year
€401k▲
2024 · €103k
Debt > 1 year
€8k▼
2024 · €138k
Income taxes
€2k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€748k€920k▲
Fixed assets21/28€656k€819k▲
Tangible fixed assets22/27€656k€819k▲
Land and buildings22€619k€720k▲
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€28k€93k▲
Current assets29/58€92k€100k▲
Amounts receivable within one year40/41€28k€40k▲
Trade receivables40€18k€28k▲
Other amounts receivable41€9k€12k▲
Cash at bank and in hand54/58€64k€60k▼
Deferred charges and accrued income490/1-€513
Equity and liabilities
Total equity and liabilities10/49€748k€920k▲
Equity10/15€506k€511k▲
Contributions10/11€230k€230k=
Reserves13€276k€280k▲
Distributable reserves133€276k€280k▲
Amounts payable17/49€241k€409k▲
Amounts payable after more than one year17€138k€8k▼
Financial debts170/4€130k€0▼
Other amounts payable178/9€8k€8k▲
Amounts payable within one year42/48€103k€401k▲
Current portion of amounts payable after more than one year42-€30k
Trade debts44€1k€35k▲
Suppliers440/4€1k€35k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€2k€6k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€98k€329k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€79k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€82k€95k▲
Operating profit (loss)9901€27k€10k▼
Financial income75/76B€12€1▼
Recurring financial income75€12€1▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€22k€6k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€16k€4k▼
Profit (loss) for the period to be appropriated9905€16k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€4k▼
Transfer to equity691/2€16k€4k▼
To other reserves6921€16k€4k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (15 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €506k ▲3.3%
3 profitable years in a row build equity to €506k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-30k ▼237%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Leuven · 2 establishment units since 2003
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.
Kaboutermansstraat 353000 LeuvenGround area
4,158 m²
Building footprint
1,046 m²
Volume, LiDAR
6,373 m³
3 parcels, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ALLEGRIA
since 20032.127.127.054
Ijzerenwegstraat 4, 3360 Bierbeek
since 20232.340.742.434
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24011E0016/00G002 | Flanders | 3,635 m² | 1 · 810 m² | 10.0 m · 2 fl. |
| 24504E0116/00N000 | Flanders | 436 m² | 1 · 150 m² | 10.6 m · 2 fl. |
| 24504D0397/00A000 | Flanders | 87 m² | 1 · 87 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 1,987 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.