ENERCA
Annual accounts 2025
micro format, filed on 24-07-2026, 7 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €50,000 and €280,000.
Balance sheet
balance sheet total €171,542 on 31-12-2025in euro
in euro
Position in the sector
21.9%
Higher than 40% of 22,939 companies in 2025.
1.28
Higher than 44% of 22,068 companies in 2025.
1.6%
Higher than 41% of 22,218 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
171,542 | 155,019 | 148,243 | 114,772 | 115,744 | 105,853 | 112,775 | 103,443 | 120,325 | 106,502 | 85,290 | 95,186 | 97,817 | 82,327 | 90,597 | 114,678 | 123,175 | 110,984 | 76,340 | 62,863 | |
21/28 |
750 | 750 | 750 | 750 | 750 | 750 | 750 | - | 139 | 434 | 730 | 1,025 | 749 | 347 | 11,522 | 23,657 | 35,174 | 52,206 | 17,061 | 25,579 | |
22/27 |
- | - | - | - | - | - | - | - | 139 | 434 | 730 | 1,025 | 749 | 347 | 11,522 | 23,657 | 35,174 | 52,206 | 17,035 | 25,553 | |
24 |
- | - | - | - | - | - | - | - | 139 | 434 | 730 | 1,025 | 749 | 347 | 11,522 | 23,657 | 35,174 | 52,206 | 17,035 | 25,553 | |
28 |
750 | 750 | 750 | 750 | 750 | 750 | 750 | - | - | - | - | - | - | - | - | - | - | - | 26 | 26 | |
29/58 |
170,792 | 154,269 | 147,493 | 114,022 | 114,994 | 105,103 | 112,025 | 103,443 | 120,186 | 106,068 | 84,560 | 94,160 | 97,067 | 81,980 | 79,075 | 91,021 | 88,002 | 58,778 | 59,279 | 37,284 | |
29 |
10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 32,250 | - | - | - | - | - | - | - | - | |
291 |
10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 32,250 | - | - | - | - | - | - | - | - | |
3 |
12,021 | 4,500 | 2,550 | 4,362 | 4,066 | 3,582 | 7,749 | 10,293 | 10,388 | 6,588 | 6,860 | 1,200 | 1,000 | 3,230 | 2,200 | 13,667 | - | 329 | - | 1,743 | |
30/36 |
12,021 | 4,500 | 2,550 | 4,362 | 4,066 | 3,582 | 7,749 | 10,293 | 10,388 | 6,588 | 6,860 | 1,200 | 1,000 | 3,230 | 2,200 | 13,667 | - | 329 | - | 1,743 | |
40/41 |
88,096 | 71,907 | 62,649 | 36,878 | 43,016 | 58,420 | 57,723 | 54,028 | 63,722 | 46,991 | 51,148 | 36,788 | 96,048 | 77,805 | 75,275 | 77,336 | 87,984 | 50,999 | 51,327 | 35,523 | |
40 |
88,096 | 54,325 | 44,419 | 22,280 | 32,417 | 30,410 | 42,400 | 33,520 | 48,547 | 37,767 | 43,416 | 31,448 | 40,332 | 28,877 | 35,571 | 25,623 | 47,660 | 25,990 | 23,475 | 1,108 | |
41 |
- | 17,582 | 18,230 | 14,598 | 10,599 | 28,010 | 15,323 | 20,508 | 15,175 | 9,223 | 7,732 | 5,340 | 55,716 | 48,928 | 39,704 | 51,713 | 40,324 | 25,009 | 27,852 | 34,415 | |
54/58 |
55,813 | 59,470 | 59,831 | 46,615 | 38,161 | 32,851 | 36,303 | 28,872 | 35,827 | 42,239 | 16,303 | 23,923 | 19 | 18 | 1,588 | 18 | 18 | 7,450 | 7,952 | 18 | |
490/1 |
4,613 | 8,143 | 12,213 | 15,918 | 19,501 | - | - | - | - | - | - | - | - | 927 | 12 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
171,542 | 155,019 | 148,243 | 114,772 | 115,744 | 105,853 | 112,775 | 103,443 | 120,325 | 106,502 | 85,290 | 95,186 | 97,817 | 82,327 | 90,597 | 114,678 | 123,175 | 110,984 | 76,340 | 62,863 | |
10/15 |
37,512 | 34,737 | 36,858 | 37,623 | 38,610 | 44,376 | 48,640 | 48,149 | 47,885 | 47,613 | 46,936 | 46,096 | 45,635 | 36,829 | 36,688 | 36,177 | 35,375 | 26,391 | 24,670 | 22,465 | |
10/11 |
13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | 13,634 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | |
13 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
22,018 | 19,243 | 21,365 | 22,130 | 23,117 | 28,883 | 33,147 | 32,656 | 32,392 | 32,120 | 31,443 | 30,603 | 30,142 | 21,336 | 21,195 | 20,684 | 19,882 | 10,898 | 11,036 | 8,831 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,800 | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,800 | - | - | |
17/49 |
134,031 | 120,283 | 111,384 | 77,150 | 77,134 | 61,477 | 64,135 | 55,294 | 72,440 | 58,889 | 38,354 | 49,090 | 52,181 | 45,498 | 53,909 | 78,501 | 87,800 | 82,793 | 51,670 | 40,398 | |
17 |
- | 11,391 | 11,391 | 17,410 | 29,053 | 20,000 | - | - | - | - | - | - | - | - | 3,150 | 12,250 | 21,350 | 29,844 | 2,962 | 8,697 | |
170/4 |
- | 11,391 | 11,391 | 17,410 | 29,053 | 20,000 | - | - | - | - | - | - | - | - | 3,150 | 12,250 | 21,350 | 29,844 | 2,962 | 8,697 | |
42/48 |
133,631 | 108,891 | 99,609 | 59,392 | 48,080 | 41,427 | 64,135 | 55,294 | 72,391 | 58,889 | 38,354 | 49,090 | 52,181 | 45,168 | 50,704 | 66,251 | 66,450 | 52,949 | 48,708 | 31,701 | |
42 |
5,236 | - | 6,019 | 5,887 | - | - | - | - | - | - | - | - | - | 2,291 | 9,100 | 9,100 | 9,100 | 12,547 | 5,736 | 5,495 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 9,694 | 12,566 | - | 13,124 | 5,873 | - | - | 2,590 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 9,694 | 12,566 | - | 13,124 | 5,873 | - | - | 2,590 | |
44 |
115,590 | 101,905 | 82,100 | 45,363 | 42,471 | 34,930 | 54,889 | 46,785 | 67,226 | 52,273 | 33,849 | 36,836 | 36,772 | 23,673 | 32,986 | 35,128 | 38,863 | 21,217 | 38,692 | 15,745 | |
440/4 |
115,590 | 101,905 | 82,100 | 45,363 | 42,471 | 34,930 | 54,889 | 46,785 | 67,226 | 52,273 | 33,849 | 36,836 | 36,772 | 23,673 | 32,986 | 35,128 | 38,863 | 21,217 | 38,692 | 15,745 | |
46 |
- | - | - | - | - | - | - | - | 115 | 115 | 115 | 115 | 115 | - | - | - | - | - | - | - | |
45 |
6,345 | 6,986 | 11,490 | 8,142 | 5,610 | 6,497 | 9,247 | 8,509 | 5,050 | 6,501 | 4,390 | 12,138 | 5,600 | 6,638 | 8,618 | 8,900 | 12,614 | 16,608 | 4,280 | 7,871 | |
450/3 |
6,345 | 6,986 | 11,490 | 8,142 | 5,610 | 6,497 | 9,247 | 8,509 | 5,050 | 6,501 | 4,390 | 12,138 | 5,600 | 6,638 | 8,618 | 8,900 | 12,614 | 16,608 | 4,280 | 7,871 | |
47/48 |
6,460 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,577 | - | - | |
492/3 |
400 | - | 384 | 348 | - | 50 | - | - | 50 | - | - | - | - | 330 | 55 | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | 115 | 870 | - | - | - | - | - | - | - | 13,482 | - | - | - | |
9900 |
6,853 | 823 | 5,059 | 3,225 | -316 | -1,085 | 4,991 | 5,265 | 6,260 | 4,321 | 4,276 | 4,434 | 18,434 | 16,615 | 20,846 | 18,611 | 12,610 | 37,883 | 33,847 | 13,086 | |
630 |
- | - | - | - | - | - | - | 139 | 295 | 295 | 295 | 419 | 380 | 11,175 | 12,135 | 12,135 | 12,011 | 19,440 | 8,518 | 8,518 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | -134 | - | 764 | - | - | - | - | 6,378 | 17,782 | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,800 | - | - | |
640/8 |
585 | 387 | 1,110 | 645 | 1,043 | 348 | 458 | 348 | 394 | 377 | 538 | 703 | 2,482 | 2,318 | 1,052 | 1,959 | 1,513 | 1,180 | 750 | 395 | |
66A |
- | - | - | - | - | - | - | - | 610 | - | - | - | 2,162 | 860 | 370 | 1,215 | 1,780 | - | - | - | |
9901 |
6,268 | 435 | 3,949 | 2,580 | -1,359 | -1,433 | 4,533 | 4,778 | 4,960 | 3,649 | 3,577 | 3,312 | 14,809 | 3,123 | 7,658 | 4,517 | -915 | 9,085 | 6,797 | 4,173 | |
75/76B |
532 | 1,061 | 15 | 80 | 4 | 243 | 381 | 94 | 1,173 | 952 | 1,277 | 2,527 | 4,140 | 4,121 | 151 | 4,130 | 3,841 | 186 | 4 | 170 | |
75 |
532 | 1,061 | 15 | 80 | 4 | 243 | 381 | 94 | 1,173 | 952 | 1,277 | 2,527 | 4,140 | 4,121 | 151 | 4,130 | 3,841 | 186 | 4 | 170 | |
65/66B |
3,338 | 2,527 | 2,651 | 2,540 | 3,325 | 2,353 | 2,499 | 2,909 | 3,563 | 2,095 | 2,380 | 3,722 | 4,254 | 1,826 | 4,256 | 3,456 | 2,145 | 2,550 | 2,384 | 2,837 | |
65 |
3,338 | 2,527 | 2,651 | 2,540 | 3,325 | 2,353 | 2,499 | 2,909 | 3,563 | 2,095 | 2,380 | 3,722 | 4,254 | 1,826 | 4,256 | 3,456 | 2,145 | 2,550 | 2,384 | 2,837 | |
9903 |
3,463 | -1,031 | 1,313 | 120 | -4,679 | -3,543 | 2,415 | 1,964 | 2,570 | 2,506 | 2,475 | 2,118 | 12,532 | 4,558 | 3,183 | 3,975 | 12,484 | 6,721 | 4,417 | 1,506 | |
67/77 |
687 | 1,091 | 2,077 | 1,107 | 1,087 | 721 | 1,924 | 1,700 | 2,298 | 1,829 | 1,634 | 1,657 | 3,725 | 4,417 | 2,672 | 3,173 | 3,500 | 5,000 | 2,212 | 1,602 | |
9904 |
2,775 | -2,122 | -765 | -987 | -5,766 | -4,263 | 491 | 264 | 272 | 677 | 840 | 461 | 8,807 | 140 | 511 | 802 | 8,984 | 1,721 | 2,205 | -96 | |
9905 |
2,775 | -2,122 | -765 | -987 | -5,766 | -4,263 | 491 | 264 | 272 | 677 | 840 | 461 | 8,807 | 140 | 511 | 802 | 8,984 | 1,721 | 2,205 | -96 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
22,018 | 19,243 | 21,365 | 22,130 | 23,117 | 28,883 | 33,147 | 32,656 | 32,392 | 32,120 | 31,443 | 30,603 | 30,142 | 21,336 | 21,195 | 20,684 | 19,882 | 12,757 | 11,036 | 8,831 | |
14P |
19,243 | 21,365 | 22,130 | 23,117 | 28,883 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,859 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,859 | - | - | |
| Document | |||||||||||||||||||||
The accounts for 17 older financial years (1989-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00337630 | |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00178053 | |
| 31-12-2023 | micro format | 05-09-2024 | 2024-00454535 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00480520 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20411057 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-55800285 | |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25500261 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-63600014 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-53400148 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-53900283 | |
| 31-12-2015 | abbreviated format | 10-08-2016 | 2016-41900461 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-56700401 | |
| 31-12-2013 | abbreviated format | 25-08-2014 | 2014-48700176 | |
| 31-12-2012 | abbreviated format | 19-07-2013 | 2013-32400018 | |
| 31-12-2011 | abbreviated format | 22-06-2012 | 2012-20300419 | |
| 31-12-2010 | abbreviated format | 16-06-2011 | 2011-16800420 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-22200536 | |
| 31-12-2008 | abbreviated format | 19-06-2009 | 2009-26100160 | |
| 31-12-2007 | abbreviated format | 23-06-2008 | 2008-26900053 | |
| 31-12-2006 | abbreviated format | 08-06-2007 | 2007-20400223 | |
| 31-12-2005 | abbreviated format | 30-05-2006 | 2006-17504208 | |
| 31-12-2004 | abbreviated format | 06-06-2005 | 2005-21000115 | |
| 31-12-2003 | abbreviated format | 09-06-2004 | 2004-22000905 | |
| 31-12-2002 | abbreviated format | 19-06-2003 | 2003-26400134 | |
| 31-12-2001 | abbreviated format | 15-07-2002 | 2002-37802249 | |
| 31-12-2000 | abbreviated format | 19-06-2001 | 2001-23300456 | |
| 31-12-1999 | abbreviated format | 09-06-2000 | 2000-20301927 | |
| 31-12-1998 | abbreviated format | 09-06-1999 | 1999-15705355 | |
| 31-12-1997 | abbreviated format | 30-06-1998 | 1998-26003135 | |
| 31-12-1996 | abbreviated format | 04-07-1997 | 1997-27400245 | |
| 31-12-1995 | abbreviated format | 28-06-1996 | 1996-26303829 | |
| 31-12-1994 | abbreviated format | 20-06-1995 | 1995-26005305 | |
| 31-12-1993 | abbreviated format | 13-06-1994 | 1994-14400722 | |
| 31-12-1992 | abbreviated format | 24-06-1993 | 1993-17103650 | |
| 31-12-1991 | abbreviated format | 03-07-1992 | 1992-19403021 | |
| 31-12-1990 | abbreviated format | 03-06-1991 | 1991-07200964 | |
| 31-12-1989 | abbreviated format | 25-05-1990 | 1990-05402205 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | 4,917 | 5,256 | 3,944 | 3,873 | 3,731 | 15,188 | 14,298 | 19,794 | 16,652 | 11,097 | 28,525 | 15,315 | 12,691 | ||
| - | - | - | - | - | - | - | 403 | 567 | 972 | 1,136 | 880 | 9,186 | 11,316 | 12,647 | 12,937 | 20,995 | 21,161 | 10,723 | 8,422 | ||
| - | - | - | - | - | - | 750 | 0 | 0 | 0 | 0 | 695 | 782 | 0 | 0 | 619 | 3,496 | 54,611 | 0 | - | ||
| -3,657 | -361 | 13,216 | 8,454 | 5,310 | -3,452 | 7,431 | -6,955 | -6,412 | 25,936 | -7,620 | 23,903 | 1 | -1,570 | 1,570 | 0 | -7,432 | -502 | 7,934 | - | ||
| 37,161 | 45,378 | 47,884 | 54,630 | 66,913 | 63,676 | 47,890 | 48,149 | 47,796 | 47,179 | 46,207 | 45,071 | 44,886 | 36,812 | 28,371 | 24,770 | 21,551 | 5,829 | 10,571 | 5,583 | ||
| 21.9% | 22.4% | 24.9% | 32.8% | 33.4% | 41.9% | 43.1% | 46.5% | 39.8% | 44.7% | 55.0% | 48.4% | 46.7% | 44.7% | 40.5% | 31.5% | 28.7% | 23.8% | 32.3% | 35.7% | ||
| 1.28 | 1.42 | 1.48 | 1.92 | 2.39 | 2.54 | 1.75 | 1.87 | 1.66 | 1.80 | 2.20 | 1.92 | 1.86 | 1.82 | 1.56 | 1.37 | 1.32 | 1.11 | 1.22 | 1.18 | ||
| 1.19 | 1.38 | 1.46 | 1.85 | 2.31 | 2.45 | 1.63 | 1.68 | 1.52 | 1.69 | 2.03 | 1.89 | 1.84 | 1.74 | 1.52 | 1.17 | 1.32 | 1.10 | 1.22 | 1.12 | ||
| 3.57 | 3.46 | 3.02 | 2.05 | 2.00 | 1.39 | 1.32 | 1.15 | 1.51 | 1.24 | 0.82 | 1.06 | 1.14 | 1.24 | 1.47 | 2.17 | 2.48 | 3.14 | 2.09 | 1.80 | ||
| 7.4% | -6.1% | -2.1% | -2.6% | -14.9% | -9.6% | 1.0% | 0.5% | 0.6% | 1.4% | 1.8% | 1.0% | 19.3% | 0.4% | 1.4% | 2.2% | 25.4% | 6.5% | 8.9% | -0.4% | ||
| 1.6% | -1.4% | -0.5% | -0.9% | -5.0% | -4.0% | 0.4% | 0.3% | 0.2% | 0.6% | 1.0% | 0.5% | 9.0% | 0.2% | 0.6% | 0.7% | 7.3% | 1.6% | 2.9% | -0.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ENERCA
The operating result for 2025 is over 14 times that of 2024 and the highest since 2013. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 77.6% to 78.1%. Equity and debt are higher.