ENERBIL
ActiveSummary
ENERBIL has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,169) and a net result of €4,400. Equity is shrinking by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+98
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.48 in 2024; short-term debt: 127% and cash: 2.8% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
-27%
Return on assets
23%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 14%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
33 d late
2023
on the day
2022
46 d early
2021
45 d early
2020
33 d early
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 16 June (4 of the last 5 filed years within 46 days of that day).
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
-€5,169▲ 46.0%
2024 · -€9,570
Total assets
€19,127▲ 58.4%
2024 · €12,079
Net result
€4,400
2024 · -€28,096
Working capital
-€6,301▲ 44.3%
2024 · -€11,313
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€10,682€47,084▲ 341%-€54,877-€23,237▲ 57.7%€5,180
Net result€10,743within the sector's middle half€44,948above the sector's middle half▲ 318%-€56,920below the sector's middle half-€28,096below the sector's middle half▲ 50.6%€4,400within the sector's middle half
Equity€30,498within the sector's middle half▲ 54.4%€75,447within the sector's middle half▲ 147%€18,526within the sector's middle half▼ 75.4%-€9,570below the sector's middle half-€5,169below the sector's middle half▲ 46.0%
Total assets€54,148below the sector's middle half▲ 28.2%€99,723within the sector's middle half▲ 84.2%€40,476below the sector's middle half▼ 59.4%€12,079below the sector's middle half▼ 70.2%€19,127below the sector's middle half▲ 58.4%
Debt€23,650▲ 5.3%€24,276▲ 2.6%€21,949▼ 9.6%€21,648▼ 1.4%€24,296▲ 12.2%
Working capital€26,630within the sector's middle half▲ 78.1%€70,099within the sector's middle half▲ 163%€12,249within the sector's middle half▼ 82.5%-€11,313below the sector's middle half-€6,301below the sector's middle half▲ 44.3%
Solvency56.3%within the sector's middle half▲ 9.5pp75.7%above the sector's middle half▲ 19.3pp45.8%within the sector's middle half▼ 29.9pp-79.2%below the sector's middle half▼ 125.0pp-27.0%below the sector's middle half▲ 52.2pp
Current ratio2.22within the sector's middle half▲ 0.554.14above the sector's middle half▲ 1.921.56within the sector's middle half▼ 2.580.48below the sector's middle half▼ 1.090.74below the sector's middle half▲ 0.26
Return on assets (ROA)19.8%above the sector's middle half▲ 100.5pp45.1%above the sector's middle half▲ 25.2pp-140.6%below the sector's middle half▼ 185.7pp-232.6%below the sector's middle half▼ 92.0pp23.0%above the sector's middle half▲ 255.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 returns to profit in 2025: €5,180 after a loss of €23,237 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,127
Fixed assets
€1,132 ▼ 35.1%
Current assets
€17,995 ▲ 74.1%
Key figures and ratios
EBITDA
€5,292▲
2024 · -€22,696
Cash flow
€4,512▲
2024 · -€27,554
Debt to equity
-4.70▼
2024 · -2.26
Interest coverage
10.80▲
2024 · -24.97
Debt ≤ 1 year
€24,296▲
2024 · €21,648
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €159 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,017 | €1,103 | €807 | €542 | €112 | ▼ 79.3% |
| Other operating charges640/8 | €348 | €348 | €384 | €487 | €400 | ▼ 18.0% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €12,046 | €48,534 | -€53,685 | -€22,209 | €5,692 | ▲ 126% |
| Operating profit (loss)9901 | €10,682 | €47,084 | -€54,877 | -€23,237 | €5,180 | ▲ 122% |
| Financial income75/76B | €583 | €206 | €255 | €285 | €209 | ▼ 26.6% |
| Recurring financial income75 | €583 | €206 | €255 | €285 | €209 | ▼ 26.6% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €522 | €2,342 | €2,299 | €5,143 | €989 | ▼ 80.8% |
| Recurring financial charges65 | €522 | €2,342 | €2,299 | €909 | €490 | ▼ 46.1% |
| Non-recurring financial charges66B | - | - | - | €4,234 | €499 | ▼ 88.2% |
| Profit (loss) for the period before taxes9903 | €10,743 | €44,948 | -€56,920 | -€28,096 | €4,400 | ▲ 116% |
| Profit (loss) for the period9904 | €10,743 | €44,948 | -€56,920 | -€28,096 | €4,400 | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €10,743 | €44,948 | -€56,920 | -€28,096 | €4,400 | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,148 | €99,723 | €40,476 | €12,079 | €19,127 | ▲ 58.4% |
| Fixed assets21/28 | €5,737 | €7,326 | €6,519 | €1,743 | €1,132 | ▼ 35.1% |
| Tangible fixed assets22/27 | €1,862 | €1,461 | €654 | €112 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,862 | €1,461 | €654 | €112 | €0 | ▼ 100% |
| Financial fixed assets28 | €3,875 | €5,865 | €5,865 | €1,631 | €1,132 | ▼ 30.6% |
| Current assets29/58 | €48,411 | €92,397 | €33,957 | €10,335 | €17,995 | ▲ 74.1% |
| Amounts receivable within one year40/41 | €3,286 | €4,521 | €4,931 | €5,525 | €17,416 | ▲ 215% |
| Trade receivables40 | €300 | €315 | €0 | - | €15,000 | - |
| Other amounts receivable41 | €2,986 | €4,206 | €4,931 | €5,525 | €2,416 | ▼ 56.3% |
| Cash at bank and in hand54/58 | €45,035 | €87,876 | €29,026 | €4,810 | €531 | ▼ 89.0% |
| Deferred charges and accrued income490/1 | €91 | €0 | - | - | €48 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,148 | €99,723 | €40,476 | €12,079 | €19,127 | ▲ 58.4% |
| Equity10/15 | €30,498 | €75,447 | €18,526 | -€9,570 | -€5,169 | ▲ 46.0% |
| Contributions10/11 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Capital10 | €247,800 | €247,800 | €247,800 | €247,800 | €247,800 | = |
| Issued capital100 | €247,800 | €247,800 | €247,800 | €247,800 | €247,800 | = |
| Outside capital11 | €94 | €94 | €94 | €94 | €94 | = |
| Share premium1100/10 | €94 | €94 | €94 | €94 | €94 | = |
| Profit (loss) carried forward14 | -€217,395 | -€172,447 | -€229,367 | -€257,463 | -€253,063 | ▲ 1.7% |
| Amounts payable17/49 | €23,650 | €24,276 | €21,949 | €21,648 | €24,296 | ▲ 12.2% |
| Amounts payable within one year42/48 | €21,782 | €22,298 | €21,708 | €21,648 | €24,296 | ▲ 12.2% |
| Financial debts43 | €169 | €0 | - | - | - | - |
| Credit institutions430/8 | €169 | €0 | - | - | - | - |
| Trade debts44 | €579 | €1,264 | €923 | €780 | €3,512 | ▲ 350% |
| Suppliers440/4 | €579 | €1,264 | €923 | €780 | €3,512 | ▲ 350% |
| Taxes, remuneration and social security45 | €250 | €250 | €0 | €83 | €0 | ▼ 100% |
| Taxes450/3 | €250 | €250 | €0 | €83 | €0 | ▼ 100% |
| Other amounts payable47/48 | €20,784 | €20,784 | €20,784 | €20,784 | €20,784 | = |
| Accrued charges and deferred income492/3 | €1,868 | €1,978 | €242 | €0 | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,743 | €44,948 | -€56,920 | -€28,096 | €4,400 | ▲ 116% |
| + Depreciation and write-downs630 | €1,017 | €1,103 | €807 | €542 | €112 | ▼ 79.3% |
| Operating cash flow (approximation) | €11,760 | €46,051 | -€56,114 | -€27,554 | €4,512 | ▲ 116% |
| Investment in fixed assets (approximation) | - | -€2,692 | €0 | €4,234 | €499 | ▼ 88.2% |
| Change in cash | - | €42,841 | -€58,850 | -€24,215 | -€4,280 | ▲ 82.3% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4,400
Net result €4,400 after 2 loss-making years.
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44,948 ▲318%
Operating result €47,084, net result €44,948, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €10,743
Net result €10,743 after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet -€95,045
Net result drops to -€95,045, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Elsene · 1 establishment unit since 1979
Ground area
1,509 m²
Building footprint
1,327 m²
Volume, LiDAR
32,540 m³
2 parcels, Brussels · tallest building 33.5 m, ±10 floors. Linked by address, not a title deed.
65
companies at this address
See who is registered here
1 establishment unit
Langehaagstraat 2, 1000 Brussel
since 19792.016.134.013
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0023/00P000 | Brussels | 814 m² | 1 · 708 m² | 33.5 m · 10 fl. |
| 21822R0227/00X002 | Brussels | 696 m² | 1 · 619 m² | 30.8 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 840 companies in sector 46810 we hold annual accounts for 475. 119 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-04-1979
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
46851Wholesale of industrial chemicals
Contact
E-mail
sbilgic@enerbil.com
Phone
0475790479
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419299623
Also
9925:BE0419299623
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.