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ENIGMA

Active Private limited companyfounded 2000active for 25 yearsCyriel De Baerestraat 14, 9200 DendermondeKBO/BCE: BE 0473.281.113
ENIGMA
Financial year 2025
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Annual accounts 2025

micro format, filed on 19-10-2025, 12 days before the deadline
€117,522
▼ 13.9%
€86,968
▼ 18.0%
€67,673
▼ 23.0%
€109,766
▲ 11.1%
29.2%
▲ 4.7 percentage points
1.67
▲ 0.01

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €200,000. Estimated: probably between €170,000 and €240,000.

Balance sheet

balance sheet total €775,166 on 31-03-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

29.2%

Higher than 29% of 39,368 companies in 2025.

1.67

Higher than 43% of 38,051 companies in 2025.

8.7%

Higher than 39% of 38,523 companies in 2025.

ENIGMA Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 775,166809,864965,852554,742377,763442,638432,810368,784377,769388,348392,599335,872362,359228,634239,730254,680250,016260,196248,405
21/28 502,031561,194555,356378,047284,582313,663271,264284,593297,968315,234318,655294,662298,042204,787211,284221,091236,255250,529237,635
22/27 471,751495,914520,076342,767249,302258,383270,984284,313297,688314,954318,375294,382297,762204,507211,004220,811236,255250,529237,635
22 470,974493,501516,027340,155244,536254,356264,280274,204284,127294,050284,774274,537280,728187,520192,271195,990200,638205,286209,934
23 2001,0041,8082,6124,3502,4213,9096,1257,1847,94312,98615,48715,44015,43018,42317,06520,10522,08324,911
24 5771,4092,24104161,6062,7953,9846,37712,96120,6154,3581,5941,5573107,75615,51223,1602,790
28 30,28065,28035,28035,28035,28055,280280280280280280280280280280280---
29/58 273,134248,670410,496176,69593,181128,975161,54684,19179,80173,11473,94441,21064,31723,84728,44633,58913,7619,66710,770
3 ------------------574
30/36 ------------------574
40/41 36,28018,307171,47424,8567,871127,173160,61771,29278,50072,30868,08120,36561,89611,17623,02510,58712,8924,6866,149
40 15,6333,98146,25520,426726-11,89713,292-7,3087,9491,81423,8737,27422,2743,5669,3744,4896,149
41 20,64714,326125,2194,4307,145127,173148,72058,00078,50065,00060,13218,55138,0233,9027517,0213,518197-
50/53 224,82124,22024,22025,22024,220--------------
54/58 12,034206,143214,802126,61961,0901,80292912,8996018065,86320,84589812,6715,42123,0026191,244310
490/1 --------700---1,523---2503,7373,737
Balance sheet: equity and liabilities
10/49 775,166809,864965,852554,742377,763442,638432,810368,784377,769388,348392,599335,872362,359228,634239,730254,680250,016260,196248,405
10/15 226,106198,433155,580129,915125,061124,844120,432117,849101,63089,41286,53383,41873,01169,94266,28865,90546,00443,05943,127
10/11 18,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,750
100 -----18,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,750
12 30,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,987
13 1,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,875---
130/1 1,8751,8751,8751,8751,875--------------
130 -----1,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,875---
1311 1,8751,8751,8751,8751,875--------------
14 174,494146,821103,96878,30373,44973,23268,82066,23750,01837,80034,92131,80621,39918,33014,67614,293-3,733-6,678-6,610
16 ---------1,500-----4,000---
160/5 ---------1,500-----4,000---
17/49 549,060611,431810,272424,828252,702317,794312,378250,935276,139297,436306,066252,454289,348158,692173,442184,775204,012217,137205,278
17 385,192461,585358,003145,886135,833121,755137,034155,505178,200201,948224,946209,820229,817102,529116,033105,282129,590154,427157,177
170/4 385,192461,585358,003145,886135,833121,755137,034155,505178,200201,948224,946209,820229,817102,529116,033105,282129,590154,427157,177
42/48 163,368149,846452,269278,942116,869194,176173,48193,56796,07693,62579,25740,77156,41656,16357,40979,49374,42259,92048,101
42 63,96148,91818,71115,51515,92215,27918,47122,69523,98523,18027,68220,57519,79413,50424,01925,41025,34824,23221,135
43 -----------4029,00026,97013,97029,97028,34022,80019,560
439 -----------4029,00026,97013,97029,97028,34022,80019,560
44 16,68125,8454,1563,30994713,2445,13816,6528,6442826,2379,0296,64710,87410,7386,72112,5653,7143,406
440/4 16,68125,8454,1563,30994713,2445,13816,6528,6442826,2379,0296,64710,87410,7386,72112,5653,7143,406
46 -----------------4,942-
45 8377,0834,890700-1,107-6,5734,8005,0863,2883,9389752,7546,1719,9966,9743,1162,884
450/3 8377,0834,890700-1,107-6,5734,1264,3842,5863,9389751,1991,8028,2486,9743,1162,884
454/9 --------674702702--1,5554,3691,748---
47/48 81,88968,000424,512259,418100,000164,546149,87247,64758,64765,07742,0507,189-2,0612,5117,3961,1951,1161,116
492/3 500----1,8631,8631,8631,8631,8631,8631,8633,115----2,790-
Income statement
76A ----------750----300-1,000-
9900 117,522136,526126,22347,18314,07721,06125,01367,14043,33136,74940,05445,00827,84326,22326,15069,36251,86534,29831,397
62 3,0003,0003,0003,000---------------
630 24,16224,16222,18716,53513,10112,60113,32920,84119,39922,62123,05015,71513,64910,11516,95715,44416,38619,58914,997
635/8 ---------1,5001,500-----4,0004,000---
640/8 3,3923,28626,60413,0621,5491,2431,9515,3831,8401,8252,6131,6743,1841,6471,6551,7212,2662,0972,153
66A ----------------14,311--
9901 86,968106,07874,43114,586-5737,2179,73340,91623,59210,80314,39127,61911,01014,46111,53848,19733,21312,61214,247
75/76B 2,6157,1774,6042,3645,1759,2502,8333,9565,2965,0722,8753,9802,799219201-27
75 2,6157,1774,6042,3645,1759,2502,8333,9565,2965,0722,8753,9802,799219201-27
65/66B 14,70613,79311,8963,0884,3854,9575,8468,3239,31911,03310,31912,0158,8658,4119,56910,09311,43712,26012,802
65 14,70613,79311,8963,0884,3854,9575,8468,3239,31911,03310,31912,0158,8658,4119,56910,09311,43712,26012,802
9903 74,87799,46167,13913,86221711,5106,72036,54919,5694,8427,69719,5844,9446,0521,98838,4247,4661,3521,472
67/77 7,20311,6086,4751,008-1,0981,13710,3303,3511,9632,5824,1771,8752,3981,60512,5234,5211,4202,306
9904 67,67387,85360,66512,85421710,4125,58326,21916,2182,8795,11515,4073,0693,65438325,9012,945-68-834
9905 67,67387,85360,66512,85421710,4125,58326,21916,2182,8795,11515,4073,0693,65438325,9012,945-68-834
Appropriation of the result
9906 214,494191,821138,96886,30373,44979,23271,82076,23754,01837,80036,92136,80621,39918,33014,67622,168-3,733-6,678-6,610
14P 146,821103,96878,30373,449---------------
691/2 ---------------1,875---
6920 ---------------1,875---
694/7 40,00045,00035,0008,000-6,0003,00010,0004,000-2,0005,000---6,000---
695 40,00045,00035,0008,000-6,0003,00010,0004,000-2,0005,000---6,000---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 19-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2025 micro format 19-10-2025 2025-00545182 PDF
31-03-2024 micro format 30-10-2024 2024-00529135 PDF
31-03-2023 micro format 07-09-2023 2023-00438903 PDF
31-03-2022 micro format 31-08-2022 2022-20412459 PDF
31-03-2021 micro format 30-09-2021 2021-69800158 PDF
31-03-2020 micro format 28-11-2020 2020-73700215 PDF
31-03-2019 micro format 03-09-2019 2019-60700390 PDF
31-03-2018 micro format 04-10-2018 2018-68200186 PDF
31-03-2017 micro format 16-11-2017 2017-69700103 PDF
31-03-2016 abbreviated format 09-08-2016 2016-41000512 PDF
31-03-2015 abbreviated format 25-09-2015 2015-60000167 PDF
31-03-2014 abbreviated format 30-09-2014 2014-62900390 PDF
31-03-2013 abbreviated format 14-10-2013 2013-62800408 PDF
31-03-2012 abbreviated format 06-08-2012 2012-38800333 PDF
31-03-2011 abbreviated format 31-10-2011 2011-59000384 PDF
31-03-2010 abbreviated format 21-10-2010 2010-58300509 PDF
31-03-2009 abbreviated format 30-09-2009 2009-78300123 PDF
31-03-2008 abbreviated format 24-11-2008 2008-82000154 PDF
31-03-2007 abbreviated format 20-08-2007 2007-57100317 PDF
31-03-2006 abbreviated format 07-08-2006 2006-60800799 PDF
31-03-2005 abbreviated format 17-08-2005 2005-64505198 PDF
31-03-2004 abbreviated format 31-08-2004 2004-62300748 PDF
31-03-2003 abbreviated format 27-08-2003 2003-63400208 PDF
31-03-2002 abbreviated format 09-08-2002 2002-47003665 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
111,130130,24096,61931,12112,52819,81823,06261,75742,99133,42437,44143,33424,65924,57628,49563,64149,59932,20129,244
91,836112,01582,85229,38913,31823,01318,91247,06035,61725,50028,16531,12216,71813,76917,34041,34519,33119,52114,163
-35,00030,000199,496110,0004,02055,00007,4662,13319,20047,04312,335106,9043,6187,1502802,11232,48328,349
-194,110-8,65988,18365,52959,288873-11,97012,298-205-5,057-14,98219,947-11,7737,250-17,58122,383-625934-
109,76698,824-41,774-102,247-23,688-65,201-11,935-9,376-16,275-20,511-5,3134397,901-32,316-28,963-45,904-60,661-50,253-37,331
29.2%24.5%16.1%23.4%33.1%28.2%27.8%32.0%26.9%23.0%22.0%24.8%20.1%30.6%27.7%25.9%18.4%16.5%17.4%
1.671.660.910.630.800.660.930.900.830.780.931.011.140.420.500.420.180.160.22
1.671.660.910.630.800.660.930.900.830.780.931.011.140.420.500.420.180.160.21
2.433.085.213.272.022.552.592.132.723.333.543.033.962.272.622.804.435.044.76
29.9%44.3%39.0%9.9%0.2%8.3%4.6%22.2%16.0%3.2%5.9%18.5%4.2%5.2%0.6%39.3%6.4%-0.2%-1.9%
8.7%10.8%6.3%2.3%0.1%2.4%1.3%7.1%4.3%0.7%1.3%4.6%0.8%1.6%0.2%10.2%1.2%0.0%-0.3%
7.569.448.1210.08---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item31-03-202531-03-202431-03-202331-03-2022
Mortgages, amount registered€133,000€133,000€133,000€133,000
Carrying value of the mortgaged assets€387,535€402,728€417,921€234,716

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item31-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets--€199,496€110,000
Financial fixed assets-€30,000--
€24,162€24,162€22,187€16,535

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on ENIGMA

The operating result for 2025 is 18% lower than in 2024.

Debt's share of the balance-sheet total falls from 75.5% to 70.8%. Equity is higher and debt is lower.

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