Enerall
ActiveSummary
The computed 12-month bankruptcy probability of Enerall is 2.4% (moderate). The 2025 annual accounts show negative equity (-€126,431) and a net result of -€68,771. Equity is shrinking by ~195.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 398 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.42 against 2.02 in 2024; short-term debt: 11.7% and cash: 17.1% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
-89.4%
Return on assets
-48.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€126,431
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 5 filingsDeviation from the deadline
2025
29 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€126,431▼ 144%
2024 · -€51,820
Total assets
€141,468▼ 42.4%
2024 · €245,489
Net result
-€68,771▼ 24.7%
2024 · -€55,134
Working capital
€23,669▼ 48.2%
2024 · €45,672
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
Line20212022202320242025
Operating result-€2,103--€13,859▼ 559%-€29,737▼ 115%-€50,838▼ 71.0%-€62,956▼ 23.8%
Net result-€2,489below the sector's middle half--€10,487below the sector's middle half▼ 321%-€24,680below the sector's middle half▼ 135%-€55,134below the sector's middle half▼ 123%-€68,771below the sector's middle half▼ 24.7%
Equity€17,712below the sector's middle half-€14,673below the sector's middle half▼ 17.2%-€15,847below the sector's middle half-€51,820below the sector's middle half▼ 227%-€126,431below the sector's middle half▼ 144%
Total assets€50,672below the sector's middle half-€140,047within the sector's middle half▲ 176%€90,658below the sector's middle half▼ 35.3%€245,489within the sector's middle half▲ 171%€141,468within the sector's middle half▼ 42.4%
Debt€29,161-€119,711▲ 311%€102,303▼ 14.5%€294,567▲ 188%€266,617▼ 9.5%
Working capital€70below the sector's middle half-€11,771within the sector's middle half▲ 16,738%€31,873within the sector's middle half▲ 171%€45,672within the sector's middle half▲ 43.3%€23,669within the sector's middle half▼ 48.2%
Solvency35.0%within the sector's middle half-10.5%below the sector's middle half▼ 24.5pp-17.5%below the sector's middle half▼ 28.0pp-21.1%below the sector's middle half▼ 3.6pp-89.4%below the sector's middle half▼ 68.3pp
Current ratio1.02below the sector's middle half-1.23within the sector's middle half▲ 0.2114.84above the sector's middle half▲ 13.612.02within the sector's middle half▼ 12.822.42within the sector's middle half▲ 0.40
Return on assets (ROA)-4.9%below the sector's middle half--7.5%below the sector's middle half▼ 2.6pp-27.2%below the sector's middle half▼ 19.7pp-22.5%below the sector's middle half▲ 4.8pp-48.6%below the sector's middle half▼ 26.2pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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 stays negative: a loss of €62,956 in 2025 against €50,838 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,565
Fixed assets
€85,279 ▼ 33.1%
Current assets
€40,286 ▼ 55.4%
Key figures and ratios
EBITDA
-€8,888▲
2024 · -€12,718
Cash flow
-€14,703▲
2024 · -€17,013
Quick ratio
1.65▼
2024 · 1.74
Debt to equity
-2.11▲
2024 · -5.68
Interest coverage
-0.68▲
2024 · -1.10
Debt ≤ 1 year
€16,617▼
2024 · €44,567
Debt > 1 year
€250,000=
2024 · €250,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,038 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,278 | €16,607 | €20,832 | €38,120 | €54,068 | ▲ 41.8% |
| Other operating charges640/8 | - | €175 | €616 | €928 | €465 | ▼ 49.8% |
| Gross operating margin9900 | -€825 | €2,923 | -€8,289 | -€11,790 | -€8,422 | ▲ 28.6% |
| Operating profit (loss)9901 | -€2,103 | -€13,859 | -€29,737 | -€50,838 | -€62,956 | ▼ 23.8% |
| Financial income75/76B | €1 | €3,751 | €5,840 | €5,841 | €5,846 | ▲ 0.1% |
| Recurring financial income75 | €1 | €3,751 | €5,840 | €5,841 | €5,846 | ▲ 0.1% |
| Financial charges65/66B | €386 | €1,317 | €2,243 | €11,596 | €13,121 | ▲ 13.1% |
| Recurring financial charges65 | €386 | €1,317 | €2,243 | €11,596 | €13,121 | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | -€2,489 | -€11,425 | -€26,140 | -€56,594 | -€70,231 | ▼ 24.1% |
| Transfer from deferred taxes780 | - | €938 | €1,460 | €1,460 | €1,460 | = |
| Profit (loss) for the period9904 | -€2,489 | -€10,487 | -€24,680 | -€55,134 | -€68,771 | ▼ 24.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,489 | -€10,487 | -€24,680 | -€55,134 | -€68,771 | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,672 | €140,047 | €90,658 | €245,489 | €141,468 | ▼ 42.4% |
| Formation expenses20 | €29,872 | €51,475 | €39,604 | €27,733 | €15,903 | ▼ 42.7% |
| Fixed assets21/28 | €16,885 | €25,839 | €16,878 | €127,517 | €85,279 | ▼ 33.1% |
| Intangible fixed assets21 | €16,885 | €17,739 | €11,478 | €123,859 | €84,718 | ▼ 31.6% |
| Tangible fixed assets22/27 | - | €8,100 | €5,400 | €3,658 | €561 | ▼ 84.7% |
| Plant, machinery and equipment23 | - | €8,100 | €5,400 | €3,658 | €561 | ▼ 84.7% |
| Current assets29/58 | €3,916 | €62,733 | €34,176 | €90,239 | €40,286 | ▼ 55.4% |
| Stocks and contracts in progress3 | - | - | €4,673 | €12,820 | €12,820 | = |
| Stocks30/36 | - | - | €4,673 | €12,820 | €12,820 | = |
| Amounts receivable within one year40/41 | €1,982 | €25,756 | €3,067 | €16,290 | €3,232 | ▼ 80.2% |
| Trade receivables40 | €40 | €20,139 | €2,724 | €14,858 | €3,104 | ▼ 79.1% |
| Other amounts receivable41 | €1,942 | €5,617 | €343 | €1,432 | €128 | ▼ 91.1% |
| Cash at bank and in hand54/58 | €1,934 | €36,977 | €26,436 | €61,128 | €24,234 | ▼ 60.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,672 | €140,047 | €90,658 | €245,489 | €141,468 | ▼ 42.4% |
| Equity10/15 | €17,712 | €14,673 | -€15,847 | -€51,820 | -€126,431 | ▼ 144% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€2,489 | -€12,975 | -€37,656 | -€92,789 | -€161,560 | ▼ 74.1% |
| Investment grants15 | €15,200 | €22,649 | €16,809 | €10,969 | €5,129 | ▼ 53.2% |
| Provisions and deferred taxes16 | €3,800 | €5,662 | €4,202 | €2,742 | €1,282 | ▼ 53.2% |
| Deferred taxes168 | €3,800 | €5,662 | €4,202 | €2,742 | €1,282 | ▼ 53.2% |
| Amounts payable17/49 | €29,161 | €119,711 | €102,303 | €294,567 | €266,617 | ▼ 9.5% |
| Amounts payable after more than one year17 | €25,000 | €68,750 | €100,000 | €250,000 | €250,000 | = |
| Financial debts170/4 | €25,000 | €68,750 | €100,000 | €250,000 | €250,000 | = |
| Amounts payable within one year42/48 | €3,846 | €50,961 | €2,303 | €44,567 | €16,617 | ▼ 62.7% |
| Current portion of amounts payable after more than one year42 | - | €6,250 | - | - | - | - |
| Trade debts44 | €3,846 | €44,711 | €1,427 | €34,411 | €5,190 | ▼ 84.9% |
| Suppliers440/4 | €3,846 | €44,711 | €1,427 | €34,411 | €5,190 | ▼ 84.9% |
| Advances received on contracts in progress46 | - | - | - | - | €1,050 | - |
| Other amounts payable47/48 | - | - | €876 | €10,155 | €10,377 | ▲ 2.2% |
| Accrued charges and deferred income492/3 | €315 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,489 | -€10,487 | -€24,680 | -€55,134 | -€68,771 | ▼ 24.7% |
| + Depreciation and write-downs630 | €1,278 | €16,607 | €20,832 | €38,120 | €54,068 | ▲ 41.8% |
| Operating cash flow (approximation) | -€1,210 | €6,121 | -€3,848 | -€17,013 | -€14,703 | ▲ 13.6% |
| Investment in fixed assets (approximation) | - | -€25,562 | -€11,871 | -€148,759 | -€11,830 | ▲ 92.0% |
| Change in cash | - | €35,043 | -€10,540 | €34,692 | -€36,894 | ▼ 206% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet -€68,771
Net result drops to -€68,771, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity times 12current ratio 14.84
Current ratio from 1.23 to 14.84; short-term debt falls from €50,961 to €2,303.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Charleroi · 1 establishment unit since 2020
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.
Square des Martyrs 16000 Charleroi1 establishment unit
Enerall
since 20202.308.265.745
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Of 1,066 companies in sector 28110 we hold annual accounts for 829. 177 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
Founded02-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
28110Manufacture of machinery and equipment not elsewhere classified
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755607234
Registered
25-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.