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Enigma

Active
Private limited companyfounded 2015active for 10 yearsSchreverland 22, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0642.753.969
Summary

Enigma has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,934 and a net result of -€32,304. Equity has been stable since 2018 (±2.5% per year). Its solvency ranks better than 59% of 22,774 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 09-11-2015 Normal situation
Activity
Retail sale of beverages, general range NACE 47252and 2 others
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment units
2.247.467.531 3550 Heusden-Zolder, since 09-11-2015
2.335.589.358 3290 Diest, since 01-07-2022
Financial year end
31 December
Peppol
Reachable since 05-03-2025

Board and ownership

Board
  • Veugelers MarkDirector

Financial position

69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Gross margin
€20,073
▼ 67.8%
Turnover
≈ €330,000
estimated
Loss
€32,304
▲ 41.7%
Equity
€180,934
▼ 15.1%
Total assets
€419,421
▼ 5.7%
Staff
≈ 0 FTE
estimated
  • 2025 accounts filed 25 days after the deadline
Score breakdownraises riskLoss of €32,304, the second in a row (financial year 2025)Sector: Retail trade (NACE 47)lowers riskFounded in 2015Size: total assets €419,421Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 37% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 68-5
equity 43.1% of total assets
Liquidity 49=
short-term debt 15.9% · cash 2.1%
Profitability 13-13
return on assets -7.7%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 1.0%▲ +0.1 percentage points vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.4%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -0.7 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%▼ -0.2 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026lowest value 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.1%▲ +0.4 percentage points vs 07-2026 09-2026: 0.7%▼ -0.4 percentage points vs 08-2026 10-2026: 0.6%▼ -0.1 percentage points vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.51 (2.78 in 2024), above the usual 1.5. Short-term debt is 15.9% and cash 2.1% of total assets. However, 56.9% of the assets are financed with debt and provisions.
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 (NACE 47, micro). It does better than 58% of them on solvency, 49% on liquidity, 19% on profitability and 23% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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

Six signals.
lowers riskraises risk
raises risk · Loss of €32,304, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Founded in 2015
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €419,421
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€32,304
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
25 days late
2024
22 days late
2023
9 days early
2022
7 days early
2021
24 days early
2020
39 days early
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 5 loss-making years in a rowloss in financial year 2025 -€32,304 View
  • Caution: Lower net result than 93% of companies in retail tradesector median €5,083 · 22,756 companies -€32,304 View

Recent changes

  1. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Enigma: retail sale of beverages, general range (NACE 47252). They are comparable in size and age: total assets between €211,000 and €459,000, founded between 2011 and 2017.

CompanyTotal assetsGross margin
Enigma Heusden-Zolder€419,421€20,073
dranyo Antwerpen€422,640€35,770
WIJNHANDEL BAUWMANS Beveren-Kruibeke-Zwijndrecht€279,895€26,982
MEDIA DE WAND Brussel€459,441€41,334
't Hofbrouwerijke Putte€417,062€44,849
Den Brouwer Vosselaar€315,504€28,565
CHEZ SEB Brunehaut€210,893€19,075
Full comparison

Key facts about Enigma

What is the company number of Enigma?
The company number of Enigma is 0642.753.969. The VAT number is the same number with BE in front: BE 0642.753.969.
Where is Enigma based?
The registered office is at Schreverland 22, 3550 Heusden-Zolder.Company details
What does Enigma do?
According to the KBO register, the main activity is retail sale of beverages, general range (NACE 47252).
What is the legal form of Enigma?
The legal form of Enigma is Private limited company (BV).
When was Enigma founded?
Enigma was founded on 09-11-2015.
Is Enigma still active?
Yes, Enigma is an active enterprise in the KBO register.
How many employees does Enigma have?
Enigma had an average of 0.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does Enigma fall under?
In its 2025 annual accounts, Enigma states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Enigma?
The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €20,073 and 94 comparable companies (NACE 472). It probably lies between €160,000 and €710,000. It is a rough estimate.
Is Enigma profitable?
In financial year 2025, Enigma made a loss of €32,304.
Where can I find the annual accounts of Enigma?
Enigma filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Enigma due?
Enigma must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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