ENERDO
ActiveSummary
ENERDO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €604k and a net result of €155k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+11
Solvency67▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.44 in 2024; short-term debt: 48.6% and cash: 7.6% of total assets), but 57.9% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
42.1%
Return on assets
10.8%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
9 d early
2023
6 d early
2022
25 d early
2021
39 d early
2020
12 d early
2019
1 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€604k▲ 34.6%
2024 · €448k
Total assets
€1.44M▼ 3.3%
2024 · €1.48M
Net result
€155k▲ 631%
2024 · €21k
Working capital
€493k▲ 33.6%
2024 · €369k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€173k▼ 12.3%€186k▲ 7.5%€73k▼ 60.5%€67k▼ 8.9%€225k▲ 237%
Net result€141k▼ 13.2%€154k▲ 9.3%€28k▼ 81.9%€21k▼ 23.9%€155k▲ 631%
Equity€353k▲ 10.6%€399k▲ 13.0%€427k▲ 7.0%€448k▲ 5.0%€604k▲ 34.6%
Total assets€1.35M▲ 10.1%€1.49M▲ 10.9%€1.60M▲ 7.0%€1.48M▼ 7.1%€1.44M▼ 3.3%
Debt€993k▲ 9.9%€1.09M▲ 10.2%€1.17M▲ 7.0%€1.04M▼ 11.6%€831k▼ 19.8%
Working capital€139k▼ 41.5%€215k▲ 54.2%€269k▲ 25.2%€369k▲ 37.2%€493k▲ 33.6%
Staff (FTE)23.8▲ 18.4%26.9▲ 13.0%26.1▼ 3.0%24.8▼ 5.0%21.4▼ 13.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 237% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€245k ▼ 8.7%
Current assets
€1.19M ▼ 2.1%
Equity and liabilities €1.44M
Equity
€604k ▲ 34.6%
Debt
€831k ▼ 19.8%
Debt's share of the balance-sheet total falls from 69.8% to 57.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€282k▲
2024 · €133k
Cash flow
€212k▲
2024 · €88k
Current ratio
1.71▲
2024 · 1.44
Quick ratio
1.19▲
2024 · 1.00
Debt to equity
1.38▼
2024 · 2.31
ROE
25.7%▲
2024 · 4.7%
ROA
10.8%▲
2024 · 1.4%
Interest coverage
18.90▲
2024 · 7.18
Debt ≤ 1 year
€697k▼
2024 · €847k
Debt > 1 year
€135k▼
2024 · €172k
Income taxes
€66k▲
2024 · €27k
Staff costs
€1.60M▼
2024 · €1.78M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.29M | €1.60M | €1.69M | €1.78M | €1.60M | ▼ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €78k | €70k | €66k | €57k | ▼ 14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15k | €810 | ▼ 94.7% |
| Other operating charges640/8 | €3k | €3k | €4k | €3k | €1k | ▼ 51.2% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €1.53M | €1.87M | €1.84M | €1.94M | €1.89M | ▼ 2.5% |
| Operating profit (loss)9901 | €173k | €186k | €73k | €67k | €225k | ▲ 237% |
| Financial income75/76B | €143 | €7k | €861 | €373 | €11k | ▲ 2,876% |
| Recurring financial income75 | €143 | €7k | €861 | €373 | €11k | ▲ 2,876% |
| Financial charges65/66B | €5k | €8k | €16k | €19k | €15k | ▼ 19.4% |
| Recurring financial charges65 | €5k | €8k | €15k | €19k | €15k | ▼ 19.4% |
| Non-recurring financial charges66B | - | - | €966 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €168k | €184k | €58k | €49k | €222k | ▲ 355% |
| Income taxes67/77 | €27k | €30k | €31k | €27k | €66k | ▲ 142% |
| Profit (loss) for the period9904 | €141k | €154k | €28k | €21k | €155k | ▲ 631% |
| Profit (loss) for the period to be appropriated9905 | €141k | €154k | €28k | €21k | €155k | ▲ 631% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.35M | €1.49M | €1.60M | €1.48M | €1.44M | ▼ 3.3% |
| Fixed assets21/28 | €428k | €432k | €371k | €269k | €245k | ▼ 8.7% |
| Intangible fixed assets21 | €65k | €53k | €35k | €17k | €7k | ▼ 60.6% |
| Tangible fixed assets22/27 | €355k | €349k | €294k | €248k | €238k | ▼ 4.1% |
| Land and buildings22 | €280k | €252k | €224k | €197k | €170k | ▼ 13.6% |
| Plant, machinery and equipment23 | €54k | €51k | €45k | €39k | €62k | ▲ 58.9% |
| Furniture and vehicles24 | €21k | €45k | €24k | €12k | €6k | ▼ 51.2% |
| Financial fixed assets28 | €8k | €31k | €41k | €3k | €600 | ▼ 81.0% |
| Current assets29/58 | €919k | €1.06M | €1.23M | €1.22M | €1.19M | ▼ 2.1% |
| Stocks and contracts in progress3 | - | - | €312k | €368k | €358k | ▼ 2.7% |
| Contracts in progress37 | - | - | €312k | €368k | €358k | ▼ 2.7% |
| Amounts receivable within one year40/41 | €454k | €656k | €755k | €704k | €678k | ▼ 3.6% |
| Trade receivables40 | €450k | €621k | €725k | €597k | €664k | ▲ 11.1% |
| Other amounts receivable41 | €4k | €35k | €30k | €106k | €14k | ▼ 86.4% |
| Cash at bank and in hand54/58 | €433k | €334k | €97k | €109k | €110k | ▲ 0.8% |
| Deferred charges and accrued income490/1 | €33k | €71k | €64k | €35k | €44k | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.35M | €1.49M | €1.60M | €1.48M | €1.44M | ▼ 3.3% |
| Equity10/15 | €353k | €399k | €427k | €448k | €604k | ▲ 34.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €335k | €381k | €409k | €430k | €585k | ▲ 36.1% |
| Distributable reserves133 | €335k | €381k | €409k | €430k | €585k | ▲ 36.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €993k | €1.09M | €1.17M | €1.04M | €831k | ▼ 19.8% |
| Amounts payable after more than one year17 | €213k | €247k | €210k | €172k | €135k | ▼ 22.0% |
| Financial debts170/4 | €213k | €247k | €210k | €172k | €135k | ▼ 22.0% |
| Amounts payable within one year42/48 | €780k | €847k | €959k | €847k | €697k | ▼ 17.7% |
| Current portion of amounts payable after more than one year42 | €41k | €72k | €119k | €38k | €188k | ▲ 399% |
| Financial debts43 | - | - | €200k | €0 | - | - |
| Credit institutions430/8 | - | - | €200k | €0 | - | - |
| Trade debts44 | €311k | €157k | €179k | €106k | €143k | ▲ 35.1% |
| Suppliers440/4 | €311k | €157k | €179k | €106k | €143k | ▲ 35.1% |
| Advances received on contracts in progress46 | - | - | €10k | €170k | €99k | ▼ 41.7% |
| Taxes, remuneration and social security45 | €294k | €428k | €292k | €265k | €246k | ▼ 7.3% |
| Taxes450/3 | €143k | €191k | €98k | €91k | €77k | ▼ 16.0% |
| Remuneration and social security454/9 | €151k | €237k | €195k | €174k | €169k | ▼ 2.7% |
| Other amounts payable47/48 | €134k | €189k | €159k | €268k | €21k | ▼ 92.3% |
| Accrued charges and deferred income492/3 | €143 | €350 | €2k | €17k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141k | €154k | €28k | €21k | €155k | ▲ 631% |
| + Depreciation and write-downs630 | €62k | €78k | €70k | €66k | €57k | ▼ 14.2% |
| Operating cash flow (approximation) | €203k | €232k | €98k | €88k | €212k | ▲ 142% |
| Investment in fixed assets (approximation) | - | €-83k | €-8k | €36k | €-33k | ▼ 194% |
| Change in cash | - | €-99k | €-237k | €12k | €827 | ▼ 93.0% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
26-03
State Gazette act
RestructuringDemerger · Share issue · Accounting effect7 facts ▸
State Gazette act
Restructuring
Demerger · Share issue · Accounting effect7 facts ▸
- Board meeting, 03/03/2026
- Board meeting, 03/03/2026
- Demerger, Creteq BV
- Share issue, 1967
- Accounting effect, 01/01/2026
- Power of attorney, Monard Law BV
- Power of attorney, Monard Law BV
2025
31-12
Financial
Equity above €500kEq €604k ▲34.6%
8 profitable years in a row build equity to €604k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €5k ▼97.5%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 2009
Ground area
1,019 m²
Building footprint
136 m²
Volume, LiDAR
1,126 m³
Parcel 71037C2797/00F002, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
QERN
since 20092.179.911.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2797/00F002 | Flanders | 1,019 m² | 1 · 136 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionReceived in a demerger part of:CRETEQ
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,090 EUR awarded · 9,059 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,240 EUR | 2,252 EUR |
| 2024 | 1 | 3,226 EUR | 3,354 EUR |
| 2023 | 1 | 1,485 EUR | 1,361 EUR |
| 2022 | 1 | 2,139 EUR | 2,092 EUR |
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,169 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
Founded03-08-2009
Fiscal year end31-12
Legal name NL
Qern
Legal name NL
Quern
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
82990Other business support services
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.