ENERGCO
ActiveSummary
ENERGCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €713k and a net result of €431k. Equity is growing by ~37% per year across the filed fiscal years. Its solvency ranks better than 35% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+19
Solvency58▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.2 against 1.85 in 2023; short-term debt: 22.9% and cash: 5.3% of total assets), but 67.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
32.5%
Return on assets
19.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
34 d early
2022
56 d early
2021
27 d early
2020
23 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€713k▲ 153%
2023 · €282k
2018: €74k
2019: €80k
2020: €109k
2021: €126k
2022: €236k
2023: €282k
2018 → 2024
Total assets
€2.19M▲ 86.5%
2023 · €1.17M
2018: €172k
2019: €178k
2020: €295k
2021: €417k
2022: €463k
2023: €1.17M
2018 → 2024
Net result
€431k▲ 818%
2023 · €47k
2018: €68k
2019: €6k
2020: €29k
2021: €17k
2022: €110k
2023: €47k
2018 → 2024
Working capital
€1.10M▲ 159%
2023 · €425k
2018: €69k
2019: €77k
2020: €100k
2021: €106k
2022: €178k
2023: €425k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€126k▲ 15.2%€236k▲ 87.1%€282k▲ 19.3%€713k▲ 153%
Operating result€41k-€28k▼ 32.8%€166k▲ 501%€75k▼ 54.9%€661k▲ 782%
Net result€29k-€17k▼ 43.1%€110k▲ 559%€47k▼ 57.3%€431k▲ 818%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 782% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.19M
Fixed assets
€587k ▲ 139%
Current assets
€1.60M ▲ 72.6%
Equity and liabilities €2.19M
Equity
€713k ▲ 153%
Debt
€1.48M ▲ 65.4%
Debt's share of the balance-sheet total falls from 76.0% to 67.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€715k▲
2023 · €129k
Cash flow
€484k▲
2023 · €101k
Current ratio
3.20▲
2023 · 1.85
Quick ratio
1.11▲
2023 · 1.02
Debt to equity
2.07▼
2023 · 3.17
ROE
60.5%▲
2023 · 16.7%
ROA
19.7%▲
2023 · 4.0%
Interest coverage
19.62▲
2023 · 18.68
Debt ≤ 1 year
€501k▼
2023 · €503k
Debt > 1 year
€976k▲
2023 · €390k
Income taxes
€197k▲
2023 · €22k
Staff costs
€223k▲
2023 · €192k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.17M€2.19M▲
Fixed assets21/28€246k€587k▲
Tangible fixed assets22/27€246k€587k▲
Land and buildings22€168k€458k▲
Plant, machinery and equipment23€9k€14k▲
Furniture and vehicles24€69k€116k▲
Current assets29/58€928k€1.60M▲
Stocks and contracts in progress3€415k€1.05M▲
Stocks30/36€415k€1.05M▲
Amounts receivable within one year40/41€478k€419k▼
Trade receivables40€317k€308k▼
Other amounts receivable41€162k€111k▼
Cash at bank and in hand54/58€30k€117k▲
Deferred charges and accrued income490/1€4k€21k▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€2.19M▲
Equity10/15€282k€713k▲
Contributions10/11€6k€6k=
Reserves13€209k€640k▲
Distributable reserves133€209k€640k▲
Profit (loss) carried forward14€66k€66k=
Amounts payable17/49€893k€1.48M▲
Amounts payable after more than one year17€390k€976k▲
Financial debts170/4€390k€976k▲
Amounts payable within one year42/48€503k€501k▼
Current portion of amounts payable after more than one year42€6k€127k▲
Trade debts44€267k€88k▼
Suppliers440/4€267k€88k▼
Advances received on contracts in progress46€153k€193k▲
Taxes, remuneration and social security45€66k€93k▲
Taxes450/3€38k€52k▲
Remuneration and social security454/9€28k€41k▲
Other amounts payable47/48€11k-
Income statement
Code20232024
Remuneration, social security and pensions62€192k€223k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€53k▼
Other operating charges640/8€11k€6k▼
Gross operating margin9900€332k€944k▲
Operating profit (loss)9901€75k€661k▲
Financial income75/76B€793€3k▲
Recurring financial income75€793€3k▲
Financial charges65/66B€7k€36k▲
Recurring financial charges65€7k€36k▲
Profit (loss) for the period before taxes9903€69k€628k▲
Income taxes67/77€22k€197k▲
Profit (loss) for the period9904€47k€431k▲
Profit (loss) for the period to be appropriated9905€47k€431k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€497k▲
Profit (loss) brought forward from the previous period14P€66k€66k=
Transfer to equity691/2€47k€431k▲
To other reserves6921€47k€431k▲
Social balance
Average headcount (FTE)90873.63.8▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €431k ▲818%
Operating result €661k, net result €431k, both a record.
31-12
Financial
Equity above €500kEq €713k ▲153%
7 profitable years in a row build equity to €713k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €236k ▲87.1%
5 profitable years in a row build equity to €236k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €109k ▲36.5%
3 profitable years in a row build equity to €109k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €6k ▼91.2%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Meise · 1 establishment unit since 2017
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.
Temsesteenweg 341861 MeiseGround area
1,380 m²
Building footprint
177 m²
Volume, LiDAR
1,026 m³
Parcel 23093C0057/00P002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENERGCO
since 20172.264.303.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093C0057/00P002 | Flanders | 1,380 m² | 1 · 177 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 129 EUR awarded · 129 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 129 EUR | 129 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,613 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
Founded11-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
43990Other specialised construction activities
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.