ENERCO
ActiveSummary
ENERCO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €-9k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-39
Solvency76=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.13 in 2024; short-term debt: 13.2% and cash: 1.5% of total assets), and 49% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d early
2021
5 d early
2020
20 d late
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€208k▼ 4.3%
2024 · €218k
2018: €173k
2019: €166k
2020: €178k
2021: €170k
2022: €180k
2023: €201k
2024: €218k
2018 → 2025
Total assets
€408k▼ 4.1%
2024 · €426k
2018: €193k
2019: €517k
2020: €466k
2021: €400k
2022: €413k
2023: €447k
2024: €426k
2018 → 2025
Net result
€-9k
2024 · €17k
2018: €-3k
2019: €-7k
2020: €12k
2021: €-8k
2022: €10k
2023: €21k
2024: €17k
2018 → 2025
Working capital
€67k▲ 10.8%
2024 · €61k
2018: €114k
2019: €32k
2020: €30k
2021: €41k
2022: €25k
2023: €51k
2024: €61k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€180k▲ 6.1%€201k▲ 11.4%€218k▲ 8.3%€208k▼ 4.3%
Operating result€6k-€18k▲ 190%€35k▲ 90.9%€29k▼ 16.5%€9k▼ 70.2%
Net result€-8k-€10k€21k▲ 97.8%€17k▼ 18.6%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €408k
Fixed assets
€287k ▼ 7.8%
Current assets
€121k ▲ 5.7%
Equity and liabilities €408k
Equity
€208k ▼ 4.3%
Debt
€200k ▼ 4.0%
Debt's share of the balance-sheet total rises from 48.9% to 49.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €42k
Cash flow
€2k▼
2024 · €30k
Current ratio
2.25▲
2024 · 2.13
Debt to equity
0.96▲
2024 · 0.96
ROE
-4.5%▼
2024 · 7.7%
ROA
-2.3%▼
2024 · 3.9%
Interest coverage
1.03▼
2024 · 4.76
Debt ≤ 1 year
€54k=
2024 · €54k
Debt > 1 year
€137k▼
2024 · €154k
Income taxes
€2k▼
2024 · €9k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€426k€408k▼
Fixed assets21/28€311k€287k▼
Tangible fixed assets22/27€299k€287k▼
Land and buildings22€298k€287k▼
Furniture and vehicles24€1k€0▼
Financial fixed assets28€12k€0▼
Current assets29/58€114k€121k▲
Amounts receivable within one year40/41€111k€115k▲
Trade receivables40€18k€30k▲
Other amounts receivable41€93k€85k▼
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1€439€0▼
Equity and liabilities
Total equity and liabilities10/49€426k€408k▼
Equity10/15€218k€208k▼
Contributions10/11€6k€6k=
Reserves13€201k€201k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€201k€201k=
Profit (loss) carried forward14€10k€1k▼
Amounts payable17/49€208k€200k▼
Amounts payable after more than one year17€154k€137k▼
Financial debts170/4€154k€137k▼
Amounts payable within one year42/48€54k€54k=
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€25k€3k▼
Suppliers440/4€25k€3k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48-€20k
Accrued charges and deferred income492/3€171€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€3k€864▼
Gross operating margin9900€46k€22k▼
Operating profit (loss)9901€29k€9k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€9k€20k▲
Recurring financial charges65€9k€20k▲
Profit (loss) for the period before taxes9903€25k€-7k▼
Income taxes67/77€9k€2k▼
Profit (loss) for the period9904€17k€-9k▼
Profit (loss) for the period to be appropriated9905€17k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€1k▼
Profit (loss) brought forward from the previous period14P€10k€10k=
Transfer to equity691/2€17k€0▼
To other reserves6921€17k€0▼
The notes to these accounts (8 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-9k ▼156%
Net result drops to €-9k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €21k ▲97.8%
Operating result €35k, net result €21k, both a record.
30-09
Financial
Equity above €200kEq €201k ▲11.4%
2 profitable years in a row build equity to €201k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
30-09
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Show earlier events
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
14-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneState Gazette actNBB 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, Aalst · 1 establishment unit since 2009
Ground area
4,761 m²
Building footprint
1,072 m²
Volume, LiDAR
21,961 m³
2 parcels, Flanders · tallest building 44.5 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
ENERCO
since 20092.177.655.542
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0505/00B003 | Flanders | 3,657 m² | 1 · 921 m² | 44.5 m · 10 fl. |
| 41042C0536/00V000 | Flanders | 1,104 m² | 1 · 152 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 2,123 EUR awarded · 3,158 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,123 EUR | 2,123 EUR |
| 2023 | 1 | 0 EUR | 1,035 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,710 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
Founded03-04-2009
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.