ENERTEC
ActiveSummary
ENERTEC has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.94M and a net result of €326k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency59▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.76 in 2024; short-term debt: 30.1% and cash: 11.7% of total assets), but 65.9% of the assets are financed with debt.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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
34.1%
Return on assets
5.7%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
6 d early
2023
2 d early
2022
3 d early
2021
26 d late
2020
30 d late
2019
21 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€326k▲ 28.6%
2024 · €254k
Working capital
€961k▲ 1.6%
2024 · €946k
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€30k▼ 73.0%€36k▲ 19.5%€227k▲ 524%€362k▲ 59.4%€475k▲ 31.5%
Net result€47k▼ 52.8%€33k▼ 29.4%€228k▲ 589%€254k▲ 11.4%€326k▲ 28.6%
Equity€1.19M▲ 4.1%€1.31M▲ 10.5%€1.54M▲ 17.9%€1.71M▲ 10.6%€1.94M▲ 13.7%
Total assets€3.45M▲ 53.5%€3.67M▲ 6.2%€3.97M▲ 8.3%€5.22M▲ 31.3%€5.70M▲ 9.2%
Debt€2.27M▲ 104%€2.36M▲ 4.0%€2.43M▲ 3.0%€3.51M▲ 44.4%€3.75M▲ 7.0%
Working capital€923k▲ 1.2%€1.03M▲ 12.0%€1.20M▲ 15.9%€946k▼ 21.0%€961k▲ 1.6%
Staff (FTE)31.9▲ 11.5%31.9=31.9=39.5▲ 23.8%43.7▲ 10.6%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.70M
Fixed assets
€3.02M ▼ 0.4%
Current assets
€2.68M ▲ 22.4%
Equity and liabilities €5.70M
Equity
€1.94M ▲ 13.7%
Debt
€3.75M ▲ 7.0%
Debt's share of the balance-sheet total falls from 67.3% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€737k▲
2024 · €560k
Cash flow
€587k▲
2024 · €452k
Current ratio
1.56▼
2024 · 1.76
Quick ratio
1.22▲
2024 · 1.17
Debt to equity
1.93▼
2024 · 2.05
ROE
16.8%▲
2024 · 14.9%
ROA
5.7%▲
2024 · 4.9%
Interest coverage
13.12▲
2024 · 10.84
Debt ≤ 1 year
€1.71M▲
2024 · €1.24M
Debt > 1 year
€2.04M▼
2024 · €2.27M
Income taxes
€107k▲
2024 · €79k
Staff costs
€2.66M▲
2024 · €2.28M
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | €51k | - |
| Remuneration, social security and pensions62 | €1.59M | €1.67M | €1.93M | €2.28M | €2.66M | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €123k | €139k | €198k | €261k | ▲ 31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €633 | €0 | - | €109k | €2k | ▼ 98.1% |
| Other operating charges640/8 | €10k | €9k | €9k | €9k | €11k | ▲ 22.2% |
| Non-recurring operating charges66A | - | €3k | €0 | €5k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.70M | €1.84M | €2.31M | €2.96M | €3.41M | ▲ 15.0% |
| Operating profit (loss)9901 | €30k | €36k | €227k | €362k | €475k | ▲ 31.5% |
| Financial income75/76B | €33k | €18k | €32k | €23k | €14k | ▼ 38.2% |
| Recurring financial income75 | €33k | €18k | €32k | €23k | €14k | ▼ 38.2% |
| Financial charges65/66B | €16k | €20k | €21k | €52k | €56k | ▲ 8.8% |
| Recurring financial charges65 | €16k | €20k | €21k | €52k | €56k | ▲ 8.8% |
| Profit (loss) for the period before taxes9903 | €47k | €34k | €238k | €333k | €433k | ▲ 30.2% |
| Income taxes67/77 | €192 | €690 | €10k | €79k | €107k | ▲ 35.5% |
| Profit (loss) for the period9904 | €47k | €33k | €228k | €254k | €326k | ▲ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €47k | €33k | €228k | €254k | €326k | ▲ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.45M | €3.67M | €3.97M | €5.22M | €5.70M | ▲ 9.2% |
| Fixed assets21/28 | €1.77M | €1.90M | €1.92M | €3.03M | €3.02M | ▼ 0.4% |
| Tangible fixed assets22/27 | €1.75M | €1.89M | €1.91M | €2.27M | €2.25M | ▼ 0.9% |
| Land and buildings22 | €1.62M | €1.73M | €1.70M | €1.83M | €1.75M | ▼ 4.1% |
| Plant, machinery and equipment23 | €29k | €33k | €33k | €47k | €49k | ▲ 4.3% |
| Furniture and vehicles24 | €107k | €130k | €176k | €396k | €448k | ▲ 13.1% |
| Assets under construction and advance payments27 | €0 | - | €7k | €0 | - | - |
| Financial fixed assets28 | €12k | €12k | €12k | €762k | €770k | ▲ 1.1% |
| Current assets29/58 | €1.69M | €1.77M | €2.05M | €2.19M | €2.68M | ▲ 22.4% |
| Stocks and contracts in progress3 | €388k | €639k | €836k | €735k | €592k | ▼ 19.4% |
| Stocks30/36 | €137k | €248k | €245k | €219k | €248k | ▲ 13.2% |
| Contracts in progress37 | €250k | €391k | €591k | €516k | €344k | ▼ 33.2% |
| Amounts receivable within one year40/41 | €551k | €571k | €817k | €1.01M | €1.38M | ▲ 36.2% |
| Trade receivables40 | €494k | €527k | €707k | €940k | €1.29M | ▲ 36.7% |
| Other amounts receivable41 | €58k | €44k | €110k | €73k | €95k | ▲ 28.9% |
| Cash at bank and in hand54/58 | €717k | €526k | €363k | €409k | €669k | ▲ 63.7% |
| Deferred charges and accrued income490/1 | €32k | €31k | €35k | €28k | €34k | ▲ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.45M | €3.67M | €3.97M | €5.22M | €5.70M | ▲ 9.2% |
| Equity10/15 | €1.19M | €1.31M | €1.54M | €1.71M | €1.94M | ▲ 13.7% |
| Contributions10/11 | €85k | €85k | €85k | €85k | €85k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves not available under the articles1311 | €9k | €9k | €9k | €9k | €9k | = |
| Profit (loss) carried forward14 | €1.08M | €1.12M | €1.28M | €1.45M | €1.70M | ▲ 16.7% |
| Investment grants15 | €7k | €99k | €173k | €160k | €151k | ▼ 5.6% |
| Amounts payable17/49 | €2.27M | €2.36M | €2.43M | €3.51M | €3.75M | ▲ 7.0% |
| Amounts payable after more than one year17 | €1.50M | €1.63M | €1.58M | €2.27M | €2.04M | ▼ 10.1% |
| Financial debts170/4 | €1.50M | €1.63M | €1.58M | €2.27M | €2.04M | ▼ 10.1% |
| Amounts payable within one year42/48 | €766k | €734k | €853k | €1.24M | €1.71M | ▲ 38.3% |
| Current portion of amounts payable after more than one year42 | €59k | €143k | €156k | €307k | €330k | ▲ 7.4% |
| Trade debts44 | €613k | €549k | €580k | €793k | €1.21M | ▲ 51.9% |
| Suppliers440/4 | €613k | €549k | €580k | €793k | €1.21M | ▲ 51.9% |
| Taxes, remuneration and social security45 | €94k | €41k | €49k | €63k | €95k | ▲ 50.2% |
| Taxes450/3 | €810 | €18 | €5k | €15k | €19k | ▲ 30.6% |
| Remuneration and social security454/9 | €93k | €41k | €44k | €49k | €76k | ▲ 56.1% |
| Other amounts payable47/48 | - | €44 | €68k | €76k | €84k | ▲ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €33k | €228k | €254k | €326k | ▲ 28.6% |
| + Depreciation and write-downs630 | €77k | €123k | €139k | €198k | €261k | ▲ 31.9% |
| Operating cash flow (approximation) | €124k | €156k | €367k | €452k | €587k | ▲ 30.1% |
| Investment in fixed assets (approximation) | - | €-260k | €-161k | €-1.31M | €-249k | ▲ 81.0% |
| Change in cash | - | €-192k | €-163k | €46k | €260k | ▲ 466% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €326k ▲28.6%
Operating result €475k, net result €326k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €33k ▼29.4%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial
Equity above €1MEq €1.04M ▲8.4%
2 profitable years in a row build equity to €1.04M.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beloeil · 1 establishment unit since 2021
Ground area
6,723 m²
Building footprint
1,495 m²
Parcel 51007B0599/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ENERTEC
since 20212.326.894.594
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51007B0599/00A000 | Wallonia | 6,723 m² | 1 · 1,495 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesENERTEC SRL16021
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 2,107 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
Founded08-05-1979
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.