ENEVA
ActiveSummary
ENEVA has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,561 and a net result of -€997. Equity has been shrinking by about 7% per year since 2019. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-12-2018 Normal situation
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- VTS SADirector · since 30-03-2021
- Belga Solar11.1%· score 542024 annual accounts of Belga Solar
- Benelux Power Quality Partner11.1%· score 862025 annual accounts of Benelux Power Quality Partner
- MILLUX11.1%· score 942025 annual accounts of MILLUX
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- -€635
- ▼ 48.5%
- Loss
- €997
- ▲ 30.1%
- Equity
- €13,561
- ▼ 6.8%
- Total assets
- €13,961
- ▼ 4.1%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskNo main activity registeredLast filed accounts filed 31 days late; 1 of the last 3 accounts lateNo registered site in the KBOlowers riskLiquidity: current ratio 34.93, cash €13,789Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 17% on profitability and 28% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 39 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485108.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,034, larger than the loss of €815 in 2024.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €5,085 | €563 | €427 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €881 | €1,027 | €681 | €427 | €635 | ▲ 48.5% |
| Other operating charges640/8 | - | - | €348 | €493 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€3,433 | -€1,860 | -€454 | -€1,027 | -€681 | -€427 | -€635 | ▼ 48.5% |
| Operating profit (loss)9901 | -€4,146 | -€2,207 | -€802 | -€1,521 | -€1,065 | -€815 | -€1,034 | ▼ 27.0% |
| Financial income75/76B | - | - | - | - | €54 | €90 | €85 | ▼ 5.0% |
| Recurring financial income75 | - | - | - | - | €54 | €90 | €85 | ▼ 5.0% |
| Financial charges65/66B | - | - | €40 | €37 | €45 | €42 | €48 | ▲ 15.3% |
| Recurring financial charges65 | €120 | -€77 | €40 | €37 | €45 | €42 | €48 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | -€4,266 | -€2,130 | -€841 | -€1,558 | -€1,056 | -€767 | -€997 | ▼ 30.1% |
| Profit (loss) for the period9904 | -€4,266 | -€2,130 | -€841 | -€1,558 | -€1,056 | -€767 | -€997 | ▼ 30.1% |
| Profit (loss) for the period to be appropriated9905 | -€4,266 | -€2,130 | -€841 | -€1,558 | -€1,056 | -€767 | -€997 | ▼ 30.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €20,909 | €21,014 | €20,173 | €18,615 | €17,212 | €14,558 | €13,961 | ▼ 4.1% |
| Current assets29/58 | €20,909 | €21,014 | €20,173 | €18,615 | €17,212 | €14,558 | €13,961 | ▼ 4.1% |
| Amounts receivable within one year40/41 | €1,463 | €1,771 | €1,587 | €1,750 | €385 | €130 | €172 | ▲ 32.3% |
| Trade receivables40 | - | - | €363 | €363 | €363 | - | - | - |
| Other amounts receivable41 | - | - | €1,224 | €1,387 | €22 | €130 | €172 | ▲ 32.3% |
| Cash at bank and in hand54/58 | €19,446 | €19,244 | €18,348 | €16,843 | €16,827 | €14,428 | €13,789 | ▼ 4.4% |
| Deferred charges and accrued income490/1 | - | - | €239 | €22 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €20,909 | €21,014 | €20,173 | €18,615 | €17,212 | €14,558 | €13,961 | ▼ 4.1% |
| Equity10/15 | €20,909 | €18,779 | €17,938 | €16,380 | €15,325 | €14,558 | €13,561 | ▼ 6.8% |
| Contributions10/11 | €25,175 | - | €25,175 | €25,175 | €25,175 | €25,175 | €25,175 | = |
| Profit (loss) carried forward14 | -€4,266 | -€6,396 | -€7,237 | -€8,795 | -€9,850 | -€10,617 | -€11,614 | ▼ 9.4% |
| Amounts payable17/49 | - | €2,235 | €2,235 | €2,235 | €1,888 | - | €400 | - |
| Amounts payable within one year42/48 | - | €2,235 | €2,235 | €2,235 | €1,888 | - | €400 | - |
| Trade debts44 | - | €2,235 | €2,235 | €2,235 | €1,888 | - | €400 | - |
| Suppliers440/4 | - | - | €2,235 | €2,235 | €1,888 | - | €400 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,266 | -€2,130 | -€841 | -€1,558 | -€1,056 | -€767 | -€997 | ▼ 30.1% |
| Operating cash flow (approximation) | -€4,266 | -€2,130 | -€841 | -€1,558 | -€1,056 | -€767 | -€997 | ▼ 30.1% |
| Change in cash | - | -€202 | -€896 | -€1,505 | -€16 | -€2,399 | -€639 | ▲ 73.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,440 companies had the same profile as ENEVA has now. Two years later, 90.0% were still going and 2.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ENEVA itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for ENEVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00485108 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00467001 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00432536 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00400355 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20375397 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59800069 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65500106 |
Board & ownership
Directors
Owners and capital
Shareholders
3 ownersOwners 3
- Equity €1.9m Loss of €470,348 in 2024 (profit of €491,294 in 2023) Checked score 5411.1%
- Equity €282,230 Profit of €104,742 in 2025 (loss of €25,098 in 2024) Checked score 8611.1%
- Sourceaccounts MILLUX 2025Equity €3.7m Profit of €2.1m in 2025 (profit of €781,480 in 2024) Checked score 9411.1%
Owners through the years 2018 to 2024
| Name | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Belga Solar | 11.1% | ||||||
| Benelux Power Quality Partner | 11% | 11% | 11.1% | ||||
| MILLUX | 11.1% | 11.1% | |||||
Source: lists of holdings in the owners' accounts
Network & group
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of ENEVA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53019A0247/00Y004 | Wallonia | 4,990 m² | 1 · 545 m² | 5.6 m · 2 |