ENJEU
ActiveENJEU has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €-20k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 25% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2022
Profitability9▼-45
Solvency31▼-9
Growth37▼-24
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.4 against 1.78 in 2022), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
34 d late
2023
397 d late
2022
64 d late
2021
44 d late
2019
91 d late
2018
34 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.31M▲ 15.3%
2022 · €2.01M
2018: €2.06M
2021: €1.46M
2022: €2.01M
2018 → 2025
EBIT margin
0.1%▼ 2.6pp
2022 · 2.6%
2018: 2.5%
2021: 9.6%
2022: 2.6%
2018 → 2025
Net result
€-20k
2022 · €47k
2018: €46k
2021: €124k
2022: €47k
2018 → 2025
Working capital
€255k▼ 49.8%
2022 · €508k
2018: €337k
2021: €540k
2022: €508k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018202120222025Trend
Turnover€2.06M-€1.46M▼ 28.9%€2.01M▲ 37.1%€2.31M▲ 15.3%
Equity€159k-€167k▲ 5.0%€214k▲ 28.2%€153k▼ 28.5%
Operating result€52k-€140k▲ 167%€53k▼ 62.2%€1k▼ 97.7%
Net result€46k-€124k▲ 168%€47k▼ 62.0%€-20k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 98% below 2022 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2022 as the grey bar beneath
Assets €916k
Fixed assets
€21k▼ 26.2%
Current assets
€895k▼ 22.7%
Equity and liabilities €916k
Equity
€153k▼ 28.5%
Provisions
€20k=
Debt
€742k▼ 21.9%
The debt ratio rises from 80.2% to 81.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€27k▼
2022 · €106k
Cash flow
€6k▼
2022 · €100k
Solvency
16.7%▼
2022 · 18.1%
Current ratio
1.40▼
2022 · 1.78
Quick ratio
1.39▼
2022 · 1.78
Debt / equity
4.84▲
2022 · 4.44
ROE
-13.0%▼
2022 · 22.0%
ROA
-2.2%▼
2022 · 4.0%
Interest coverage
1.26▼
2022 · 8.55
Debt
€742k▼
2022 · €951k
Debt ≤ 1 year
€640k▼
2022 · €649k
Debt > 1 year
€103k▼
2022 · €302k
Staff costs
€474k▼
2022 · €494k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2022
Balance sheet
Code20222025
Assets
Total assets20/58€1.19M€916k▼
Fixed assets21/28€29k€21k▼
Tangible fixed assets22/27€28k€20k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€26k€19k▼
Furniture and vehicles24€1k€2k▲
Financial fixed assets28€1k€1k=
Current assets29/58€1.16M€895k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€496k€463k▼
Trade receivables40€473k€458k▼
Other amounts receivable41€23k€5k▼
Current investments50/53€500€500=
Cash at bank and in hand54/58€171k€80k▼
Deferred charges and accrued income490/1€486k€347k▼
Equity and liabilities
Total equity and liabilities10/49€1.19M€916k▼
Equity10/15€214k€153k▼
Profit (loss) carried forward14€214k€153k▼
Provisions and deferred taxes16€20k€20k=
Provisions for liabilities and charges160/5€20k€20k=
Pensions and similar obligations160€20k€20k=
Amounts payable17/49€951k€742k▼
Amounts payable after more than one year17€302k€103k▼
Financial debts170/4€302k€103k▼
Amounts payable within one year42/48€649k€640k▼
Trade debts44€539k€527k▼
Suppliers440/4€539k€527k▼
Advances received on contracts in progress46€12k-
Taxes, remuneration and social security45€98k€112k▲
Taxes450/3€24k€28k▲
Remuneration and social security454/9€74k€84k▲
Accrued charges and deferred income492/3-€142
Income statement
Code20222025
Turnover70€2.01M€2.31M▲
Non-recurring operating income76A€4k€8k▲
Goods, raw materials, services and sundry goods60/61€1.37M€1.84M▲
Remuneration, social security and pensions62€494k€474k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€26k▼
Other operating charges640/8€60k€41k▼
Gross operating margin9900€660k€542k▼
Operating profit (loss)9901€53k€1k▼
Financial income75/76B€7k€766▼
Recurring financial income75€7k€766▼
Financial charges65/66B€12k€22k▲
Recurring financial charges65€12k€22k▲
Profit (loss) for the period before taxes9903€47k€-20k▼
Profit (loss) for the period9904€47k€-20k▼
Profit (loss) for the period to be appropriated9905€47k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€214k€153k▼
Profit (loss) brought forward from the previous period14P€167k€173k▲
Social balance
Average headcount (FTE)90878.8-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €-20k ▼142%
Net result drops to €-20k, the lowest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 34 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 397 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 64 days late
2022
31-12
Financial
Equity above €200kEq €214k ▲28.2%
3 profitable years in a row build equity to €214k.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 44 days late
2021
31-12
Financial
Highest result since 2018net €124k ▲168%
Operating result €140k, net result €124k, both a record.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 34 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Vaudrée 1574031 LiègeGround area
483 m²
Building footprint
141 m²
Volume, LiDAR
989 m³
Parcel 62002D0002/00K011, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENJEU
since 19862.160.503.467
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002D0002/00K011 | Wallonia | 483 m² | 1 · 141 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 7 entries · 50,000 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 5,000 EUR |
| 2024 | 3 | 24,000 EUR |
| 2023 | 3 | 21,000 EUR |
Budget allocations
Dépenses de toute nature pour le financement de projets divers en liaison avec la politique de l'enseignement
Initiatives nouvelles ou complémentaires dans le domaine de l’enseignement supérieur et de Promotion sociale
Fonds budgétaire destiné à la répartition du bénéfice annuel de la Loterie nationale entre les attributaires (C)
European Union, budget
2021 · 1 entry · 23,968 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 23,968 EUR |
Projects
WP 2020 - PREPARATORY ACTION CINEMAS AS INNOVATION HUBS FOR LOCAL COMMUNITIES / GRANT AGREEMENT 25TH HOUR
Similar companies · same sector, comparable size
MATIERE A SUIVRE
BE 0887.939.978
Ukkel · Eq €153k
VLAAMS COÖRDINATIECENTRUM MESTVERWERKING
BE 0860.082.370
Brugge · Eq €154k
INDEPENDENT EVENTS
BE 0598.826.332
Brussel · Eq €154k
SIMPLY BETTER
BE 0478.518.519
Braine-l'Alleud · Eq €155k
Costume & Co
BE 0874.713.732
Wetteren · Eq €152k
Of 4,556 companies in sector 82300 we hold annual accounts for 1,662. 1,265 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded13-01-1986
Fiscal year end31-12
Activities, NACEBEL
74872
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:042549797