ENEX
ActiveSummary
ENEX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.00M and a net result of €-220k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity ample (current ratio 33.2 against 26.13 in 2024; short-term debt: 1.7% and cash: 0.1% of total assets), and 5.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
94.3%
Return on assets
-1.4%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
34 d early
2022
4 d early
2021
24 d early
2020
29 d early
2019
17 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-220k▼ 58.1%
2024 · €-139k
2018: €1.00M
2019: €756k▼ -24.4% vs 2018
2020: €827k▲ +9.4% vs 2019
2021: €1.03M▲ +24.0% vs 2020
2022: €1.25M▲ +21.7% vs 2021
2023: €2.21M▲ +76.8% vs 2022highest in 8 years
2024: €-139k▼ -106% vs 2023
2025: €-220k▼ -58.1% vs 2024lowest in 8 years
2018 → 2025
Working capital
€8.95M▲ 1.2%
2024 · €8.84M
2018: €3.25Mlowest in 8 years
2019: €3.94M▲ +21.3% vs 2018
2020: €4.49M▲ +14.2% vs 2019
2021: €5.08M▲ +13.0% vs 2020
2022: €6.42M▲ +26.4% vs 2021
2023: €9.00M▲ +40.2% vs 2022highest in 8 years
2024: €8.84M▼ -1.8% vs 2023
2025: €8.95M▲ +1.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11.91M-€13.16M▲ 10.5%€15.36M▲ 16.8%€15.22M▼ 0.9%€15.00M▼ 1.4%
2021: €11.91Mlowest in 5 years
2022: €13.16M▲ +10.5% vs 2021
2023: €15.36M▲ +16.8% vs 2022highest in 5 years
2024: €15.22M▼ -0.9% vs 2023
2025: €15.00M▼ -1.4% vs 2024
Operating result€1.39M-€1.63M▲ 17.2%€2.51M▲ 53.4%€-483k€-426k▲ 11.7%
2021: €1.39M
2022: €1.63M▲ +17.2% vs 2021
2023: €2.51M▲ +53.4% vs 2022highest in 5 years
2024: €-483k▼ -119% vs 2023lowest in 5 years
2025: €-426k▲ +11.7% vs 2024
Net result€1.03M-€1.25M▲ 21.7%€2.21M▲ 76.8%€-139k€-220k▼ 58.1%
2021: €1.03M
2022: €1.25M▲ +21.7% vs 2021
2023: €2.21M▲ +76.8% vs 2022highest in 5 years
2024: €-139k▼ -106% vs 2023
2025: €-220k▼ -58.1% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €426k in 2025 against €483k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.90M
Fixed assets
€6.68M ▼ 7.9%
Current assets
€9.23M ▲ 0.4%
Equity and liabilities €15.90M
Equity
€15.00M ▼ 1.4%
Debt
€900k ▼ 25.9%
Debt's share of the balance-sheet total falls from 7.4% to 5.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-84k▲
2024 · €-103k
Cash flow
€122k▼
2024 · €240k
Current ratio
33.20▲
2024 · 26.13
Quick ratio
32.18▲
2024 · 25.51
Debt to equity
0.06▼
2024 · 0.08
ROE
-1.5%▼
2024 · -0.9%
ROA
-1.4%▼
2024 · -0.8%
Interest coverage
-4.42▲
2024 · -4.89
Debt ≤ 1 year
€278k▼
2024 · €352k
Debt > 1 year
€600k▼
2024 · €844k
Income taxes
€1k▼
2024 · €22k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16.44M€15.90M▼
Fixed assets21/28€7.25M€6.68M▼
Tangible fixed assets22/27€7.25M€6.68M▼
Land and buildings22€6.79M€6.51M▼
Furniture and vehicles24€455k€165k▼
Financial fixed assets28€768€768=
Current assets29/58€9.19M€9.23M▲
Stocks and contracts in progress3€220k€285k▲
Stocks30/36€220k€285k▲
Amounts receivable within one year40/41€8.91M€8.84M▼
Trade receivables40€248k€31k▼
Other amounts receivable41€8.66M€8.81M▲
Cash at bank and in hand54/58€55k€18k▼
Deferred charges and accrued income490/1€9k€81k▲
Equity and liabilities
Total equity and liabilities10/49€16.44M€15.90M▼
Equity10/15€15.22M€15.00M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€15.16M€14.94M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€2.36M€1.97M▼
Distributable reserves133€12.79M€12.97M▲
Amounts payable17/49€1.21M€900k▼
Amounts payable after more than one year17€844k€600k▼
Financial debts170/4€810k€589k▼
Other amounts payable178/9€34k€12k▼
Amounts payable within one year42/48€352k€278k▼
Current portion of amounts payable after more than one year42€220k€221k▲
Trade debts44€42k€20k▼
Suppliers440/4€42k€20k▼
Taxes, remuneration and social security45€85k€32k▼
Taxes450/3€85k€32k▼
Other amounts payable47/48€5k€5k=
Accrued charges and deferred income492/3€19k€21k▲
Income statement
Code20242025
Non-recurring operating income76A€25k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€380k€342k▼
Other operating charges640/8€207k€78k▼
Non-recurring operating charges66A-€24k
Gross operating margin9900€104k€19k▼
Operating profit (loss)9901€-483k€-426k▲
Financial income75/76B€387k€226k▼
Recurring financial income75€387k€226k▼
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€-117k€-219k▼
Income taxes67/77€22k€1k▼
Profit (loss) for the period9904€-139k€-220k▼
Transfer from tax-exempt reserves789€264k€399k▲
Profit (loss) for the period to be appropriated9905€125k€179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€125k€179k▲
Transfer to equity691/2€125k€179k▲
To other reserves6921€125k€179k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €86k | €142k | €2.78M | €25k | €13k | ▼ 46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €960k | €831k | €342k | €380k | €342k | ▼ 9.8% |
| Other operating charges640/8 | €40k | €47k | €41k | €207k | €78k | ▼ 62.2% |
| Non-recurring operating charges66A | €408 | €59k | - | - | €24k | - |
| Gross operating margin9900 | €2.40M | €2.57M | €2.89M | €104k | €19k | ▼ 82.2% |
| Operating profit (loss)9901 | €1.39M | €1.63M | €2.51M | €-483k | €-426k | ▲ 11.7% |
| Financial income75/76B | €19k | €78k | €428k | €387k | €226k | ▼ 41.5% |
| Recurring financial income75 | €19k | €78k | €428k | €387k | €226k | ▼ 41.5% |
| Financial charges65/66B | €49k | €35k | €20k | €21k | €19k | ▼ 10.0% |
| Recurring financial charges65 | €49k | €35k | €20k | €21k | €19k | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €1.36M | €1.68M | €2.91M | €-117k | €-219k | ▼ 87.6% |
| Income taxes67/77 | €338k | €429k | €707k | €22k | €1k | ▼ 95.1% |
| Profit (loss) for the period9904 | €1.03M | €1.25M | €2.21M | €-139k | €-220k | ▼ 58.1% |
| Transfer from tax-exempt reserves789 | €178k | €356k | €58k | €264k | €399k | ▲ 51.1% |
| Transfer to tax-exempt reserves689 | €316k | €316k | €737k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €888k | €1.29M | €1.53M | €125k | €179k | ▲ 43.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.34M | €15.84M | €16.69M | €16.44M | €15.90M | ▼ 3.3% |
| Fixed assets21/28 | €9.10M | €7.81M | €7.26M | €7.25M | €6.68M | ▼ 7.9% |
| Tangible fixed assets22/27 | €9.10M | €7.81M | €7.26M | €7.25M | €6.68M | ▼ 7.9% |
| Land and buildings22 | €8.23M | €7.47M | €7.05M | €6.79M | €6.51M | ▼ 4.1% |
| Furniture and vehicles24 | €219k | €157k | €209k | €455k | €165k | ▼ 63.7% |
| Leasing and similar rights25 | €655k | €181k | - | - | - | - |
| Financial fixed assets28 | €1k | €1k | €768 | €768 | €768 | = |
| Current assets29/58 | €6.24M | €8.03M | €9.43M | €9.19M | €9.23M | ▲ 0.4% |
| Stocks and contracts in progress3 | €796k | €165k | €207k | €220k | €285k | ▲ 29.6% |
| Stocks30/36 | €796k | €165k | €207k | €220k | €285k | ▲ 29.6% |
| Amounts receivable within one year40/41 | €5.32M | €7.82M | €8.80M | €8.91M | €8.84M | ▼ 0.7% |
| Trade receivables40 | €470k | €478k | €27k | €248k | €31k | ▼ 87.3% |
| Other amounts receivable41 | €4.85M | €7.34M | €8.78M | €8.66M | €8.81M | ▲ 1.7% |
| Cash at bank and in hand54/58 | €59k | €27k | €398k | €55k | €18k | ▼ 66.4% |
| Deferred charges and accrued income490/1 | €59k | €15k | €20k | €9k | €81k | ▲ 836% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.34M | €15.84M | €16.69M | €16.44M | €15.90M | ▼ 3.3% |
| Equity10/15 | €11.91M | €13.16M | €15.36M | €15.22M | €15.00M | ▼ 1.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €11.85M | €13.09M | €15.30M | €15.16M | €14.94M | ▼ 1.5% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €1.99M | €1.95M | €2.63M | €2.36M | €1.97M | ▼ 16.9% |
| Distributable reserves133 | €9.85M | €11.14M | €12.67M | €12.79M | €12.97M | ▲ 1.4% |
| Amounts payable17/49 | €3.43M | €2.68M | €1.32M | €1.21M | €900k | ▼ 25.9% |
| Amounts payable after more than one year17 | €2.27M | €1.07M | €891k | €844k | €600k | ▼ 28.9% |
| Financial debts170/4 | €2.24M | €1.05M | €861k | €810k | €589k | ▼ 27.3% |
| Other amounts payable178/9 | €28k | €25k | €30k | €34k | €12k | ▼ 65.5% |
| Amounts payable within one year42/48 | €1.16M | €1.61M | €430k | €352k | €278k | ▼ 21.0% |
| Current portion of amounts payable after more than one year42 | €967k | €1.21M | €185k | €220k | €221k | ▲ 0.6% |
| Trade debts44 | €49k | €80k | €19k | €42k | €20k | ▼ 53.0% |
| Suppliers440/4 | €49k | €80k | €19k | €42k | €20k | ▼ 53.0% |
| Taxes, remuneration and social security45 | €139k | €313k | €221k | €85k | €32k | ▼ 62.4% |
| Taxes450/3 | €139k | €313k | €212k | €85k | €32k | ▼ 62.4% |
| Remuneration and social security454/9 | - | - | €9k | - | - | - |
| Other amounts payable47/48 | €5k | €5k | €5k | €5k | €5k | = |
| Accrued charges and deferred income492/3 | €3k | €3k | €3k | €19k | €21k | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.03M | €1.25M | €2.21M | €-139k | €-220k | ▼ 58.1% |
| + Depreciation and write-downs630 | €960k | €831k | €342k | €380k | €342k | ▼ 9.8% |
| Operating cash flow (approximation) | €1.99M | €2.08M | €2.55M | €240k | €122k | ▼ 49.1% |
| Investment in fixed assets (approximation) | - | €459k | €210k | €-368k | €227k | ▲ 162% |
| Change in cash | - | €-32k | €371k | €-343k | €-36k | ▲ 89.4% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-220k
Net result drops to €-220k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €2.21M ▲76.8%
Operating result €2.51M, net result €2.21M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 21.95
Current ratio from 4.99 to 21.95; short-term debt falls from €1.61M to €430k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €10MEq €10.06M ▲8.1%
2 profitable years in a row build equity to €10.06M.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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, Lommel · 1 establishment unit since 1986
Ground area
1,270 m²
Building footprint
418 m²
Volume, LiDAR
2,257 m³
Parcel 72345B1464/00C000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ENEX NV
since 19862.029.182.986
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B1464/00C000 | Flanders | 1,270 m² | 1 · 418 m² | 10.4 m · 2 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.
Similar companies · same sector, comparable size
COMPAGNIE HET ZOUTE REAL ESTATE
BE 0436.355.983
Knokke-Heist · Eq €14.99M
MONS LGP 3
BE 0865.136.268
Wavre · Eq €15.06M
WIESEN-PIRONT
BE 0421.111.246
Amel · Eq €14.94M
Algemene Ondernemingen Himpe
BE 0408.081.176
Zedelgem · Eq €15.08M
MATEXI BRUSSEL
BE 0501.934.121
Brussel · Eq €15.38M
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 907 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.