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ENLAMAS

Active
Private limited companyfounded 200719 years activeRue des Bruyères 90, 4052 Chaudfontaine, BelgiumKBO/BCE: BE 0889.251.062

The 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 19,386 sector peers (NACE 68, fiscal year 2024).

Overview

Activity
Buying and selling of own real estate
NACE 68110Business and other management consultancy NACE 70200
1 site
Size
€625,325total assets 2024
Equity
-€699,374
Loss
-€106,115
Turnover not published (abridged schema)
Financial health
34 Weak Checked score 2024
Bankruptcy probability, 12 months
5.7%
Structure
Board
1 member
Holdings
2
Accounts 68 days 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%
Financially better than 8% of its sector peers (NACE 68, micro)
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).

Sector median 0.2% (26,529 companies)
Last 24 months 11-2024: 2.8% 12-2024: 3.2%▲ +0.4 percentage points vs 11-2024 01-2025: 4.5%▲ +1.3 percentage points vs 12-2024 02-2025: 4.5%● unchanged vs 01-2025 03-2025: 4.6%▲ +0.1 percentage points vs 02-2025 04-2025: 4.1%▼ -0.5 percentage points vs 03-2025 05-2025: 4.1%● unchanged vs 04-2025 06-2025: 4.1%● unchanged vs 05-2025 10-2025: 2.7% 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.7%● unchanged vs 12-2025 02-2026: 2.8%▲ +0.1 percentage points vs 01-2026 03-2026: 2.7%▼ -0.1 percentage points vs 02-2026 04-2026: 2.7%● unchanged vs 03-2026 05-2026: 2.6%▼ -0.1 percentage points vs 04-2026lowest value 06-2026: 3.9%▲ +1.3 percentage points vs 05-2026 07-2026: 3.9%● unchanged vs 06-2026 08-2026: 4.3%▲ +0.4 percentage points vs 07-2026 09-2026: 4.9%▲ +0.6 percentage points vs 08-2026 10-2026: 5.7%▲ +0.8 percentage points vs 09-2026highest value
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 follows from the bankruptcy probability, on a scale where 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 68, micro): better than 5% on solvency, 1% on liquidity, 4% on profitability and 22% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.15, cash €29
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 26-08-2025)
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€699,374
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
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 filings
Deviation from the deadline
2025
not confirmed
2024
26 days late
2023
344 days late
2022
30 days late
2021
87 days late
2020
23 days late
2019
25 days 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)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointment: Jean-François NAA (statutory director)Permanent representative: Jean-François NAA ·…
  2. Registered officeRegistered-office move
  3. 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% · 19,386 companies -111.8% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • New directorlatest change 11-09-2026 · 1 in office 1 joined View

By topic

Financials

Fiscal year
2024
Total assets
€625,325
Loss
-€106,115
Solvency
-111.8%
Total assets▼ 14.7%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 26-08-2025Annual accounts filed
  2. 10-07-2025Annual accounts filed
  3. 10-06-2025Opening
Go to Timeline

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
Go to Company details

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 to Articles of association

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