Financials
- Fiscal year
- 2024
- Total assets
- €625,325
- Loss
- -€106,115
- Solvency
- -111.8%
Total assets▼ 14.7%
Net result
20182024
ENLAMAS
ActiveThe file of ENLAMAS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 5.7% (elevated). The 2024 annual accounts show negative equity (-€699,374) and a net result of -€106,115. Equity is shrinking by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 19387 sector peers (fiscal year 2024).
Overview
Activity
Buying and selling of own real estate
NACE 68110NACE 68100NACE 70120
1 site
Size
€625,325total assets 2024
- Equity
- -€699,374
- Loss
- -€106,115
Turnover not published (abridged schema)
Structure
- Board
- 1 member
- Holdings
- 2
Accounts 68 d overdue2 of 8 deeds read
Why 34- Liquidity: current ratio 0.15, cash €29- 1 change of registered office in 24 months- Figures for FY 2024 (filed 26-08-2025)+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2024
34
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 8% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -111.8% of total assets
Liquidity
0=
short-term debt 211.8% · cash 0.0%
Profitability
0-8
return on assets -17.0%
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.8%
12-2024: 3.2%▲ +17.2% vs 11-2024
01-2025: 4.5%▲ +39.3% vs 12-2024
02-2025: 4.5%● 0.0% vs 01-2025
03-2025: 4.6%▲ +1.3% vs 02-2025
04-2025: 4.1%▼ -9.1% vs 03-2025
05-2025: 4.1%● 0.0% vs 04-2025
06-2025: 4.1%● 0.0% vs 05-2025
10-2025: 2.7%
11-2025: 2.7%● 0.0% vs 10-2025
12-2025: 2.7%● 0.0% vs 11-2025
01-2026: 2.7%● 0.0% vs 12-2025
02-2026: 2.8%▲ +1.4% vs 01-2026
03-2026: 2.7%▼ -2.0% vs 02-2026
04-2026: 2.7%▼ -2.0% vs 03-2026
05-2026: 2.6%▼ -2.0% vs 04-2026lowest value
06-2026: 3.9%▲ +49.0% vs 05-2026
07-2026: 3.9%▲ +0.3% vs 06-2026
08-2026: 4.3%▲ +11.5% vs 07-2026
09-2026: 4.9%▲ +12.8% vs 08-2026
10-2026: 5.7%▲ +16.1% vs 09-2026highest value
- Liquidity: current ratio 0.15, cash €29 raises the probability
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2024 (filed 26-08-2025) raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
No credit on open account
Liquidity short (current ratio 0.15 against 0.23 in 2023; short-term debt: 211.8% and cash: 0% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 1%, profitability 4%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€699,374
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
344 d late
2022
30 d late
2021
87 d late
2020
23 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Appointment: Jean-François NAA (statutory director)Permanent representative: Jean-François NAA ·…
- Registered officeRegistered-office move
- Bankruptcy reversalTribunal de l’entreprise de Liège…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€699,374 View
- Risk: 7 loss-making years in a rowloss fiscal year 2024 -€106,115 View
- Caution: Among the weakest 5% on solvencysector median 31.1% · 19,387 companies -111.8% View
- Caution: Accounts not fileddeadline was 31-07-2026 68 d late View
- New directorlatest change 11-09-2026 · 1 in office 1 joined View
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Network & group
- Holdings
- 2
2 holdings
Timeline
- Events
- 15
- Since
- 2016
- 11-09-2026Appointment: Jean-François NAA (statutory director)
- 06-05-2026Registered office
- 12-09-2025Bankruptcy reversal
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 07-05-2007
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Articles of association
- Provisions read
- 60
- Financial year
- From 1 July to 30 June
- Annual meeting
- First Friday of September at 11:00
- Purpose
- La gestion et la valorisation de participations notamment par la simulation, la…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.