ENNAHDA
ActiveSummary
ENNAHDA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€14,948) and a net result of €1,739. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+73
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.08 in 2023; short-term debt: 126.2% and cash: 16.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-26.2%
Return on assets
3%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 15872 sector peers (2024).
NBB · sector comparisonPosition among 15872 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
27 d late
2023
31 d late
2022
92 d late
2021
30 d late
2020
89 d late
2019
63 d late
← 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 55 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€14,948▲ 10.4%
2023 · -€16,687
Total assets
€57,163▲ 1,031%
2023 · €5,052
Net result
€1,739
2023 · -€5,801
Working capital
-€19,387▲ 3.3%
2023 · -€20,040
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€275▼ 38.3%-€280▼ 1.8%-€5,801€2,000
Net result-€275within the sector's middle half▼ 38.3%-€280within the sector's middle half▼ 1.8%-€5,801below the sector's middle half€1,739within the sector's middle half
Equity-€10,606below the sector's middle half▼ 2.7%-€10,886below the sector's middle half▼ 2.6%-€10,886below the sector's middle half=-€16,687below the sector's middle half▼ 53.3%-€14,948below the sector's middle half▲ 10.4%
Total assets€5,052below the sector's middle half€57,163below the sector's middle half▲ 1,031%
Debt€10,606▲ 2.7%€10,886▲ 2.6%€10,886=€21,739▲ 99.7%€72,111▲ 232%
Working capital-€20,040below the sector's middle half-€19,387below the sector's middle half▲ 3.3%
Solvency-330.3%below the sector's middle half-26.2%below the sector's middle half▲ 304.1pp
Current ratio0.08below the sector's middle half0.73below the sector's middle half▲ 0.65
Return on assets (ROA)-114.8%below the sector's middle half3.0%within the sector's middle half▲ 117.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2,000 after a loss of €5,801 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57,163
Fixed assets
€4,439 ▲ 32.4%
Current assets
€52,724 ▲ 3,003%
Key figures and ratios
EBITDA
€3,220▲
2023 · -€5,048
Cash flow
€2,958▲
2023 · -€5,048
Quick ratio
0.34▲
2023 · 0.08
Debt to equity
-4.82▼
2023 · -1.30
Interest coverage
26.30
Debt ≤ 1 year
€72,111▲
2023 · €21,739
Income taxes
€140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €753 | €1,220 | ▲ 62.1% |
| Other operating charges640/8 | - | - | - | €399 | €387 | ▼ 3.0% |
| Gross operating margin9900 | -€275 | -€280 | - | -€4,649 | €3,608 | ▲ 178% |
| Operating profit (loss)9901 | -€275 | -€280 | - | -€5,801 | €2,000 | ▲ 134% |
| Financial charges65/66B | - | - | - | - | €122 | - |
| Recurring financial charges65 | - | - | - | - | €122 | - |
| Profit (loss) for the period before taxes9903 | -€275 | -€280 | - | -€5,801 | €1,878 | ▲ 132% |
| Income taxes67/77 | - | - | - | - | €140 | - |
| Profit (loss) for the period9904 | -€275 | -€280 | - | -€5,801 | €1,739 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | -€275 | -€280 | - | -€5,801 | €1,739 | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | - | - | €5,052 | €57,163 | ▲ 1,031% |
| Fixed assets21/28 | - | - | - | €3,353 | €4,439 | ▲ 32.4% |
| Tangible fixed assets22/27 | - | - | - | €3,353 | €4,439 | ▲ 32.4% |
| Plant, machinery and equipment23 | - | - | - | €3,353 | €3,494 | ▲ 4.2% |
| Furniture and vehicles24 | - | - | - | - | €945 | - |
| Current assets29/58 | - | - | - | €1,699 | €52,724 | ▲ 3,003% |
| Stocks and contracts in progress3 | - | - | - | - | €28,422 | - |
| Stocks30/36 | - | - | - | - | €28,422 | - |
| Amounts receivable within one year40/41 | - | - | - | €1,699 | €14,730 | ▲ 767% |
| Trade receivables40 | - | - | - | - | €9,246 | - |
| Other amounts receivable41 | - | - | - | €1,699 | €5,484 | ▲ 223% |
| Cash at bank and in hand54/58 | - | - | - | - | €9,572 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | - | - | €5,052 | €57,163 | ▲ 1,031% |
| Equity10/15 | -€10,606 | -€10,886 | -€10,886 | -€16,687 | -€14,948 | ▲ 10.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€29,206 | -€29,486 | -€29,486 | -€35,287 | -€33,548 | ▲ 4.9% |
| Amounts payable17/49 | €10,606 | €10,886 | €10,886 | €21,739 | €72,111 | ▲ 232% |
| Amounts payable within one year42/48 | €10,606 | €10,886 | €10,886 | €21,739 | €72,111 | ▲ 232% |
| Financial debts43 | - | €29 | €29 | - | €6 | - |
| Credit institutions430/8 | - | €29 | €29 | - | €6 | - |
| Trade debts44 | - | - | - | €1,937 | €1,460 | ▼ 24.6% |
| Suppliers440/4 | - | - | - | €1,937 | €1,460 | ▼ 24.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €140 | - |
| Taxes450/3 | - | - | - | - | €140 | - |
| Other amounts payable47/48 | - | €10,857 | €10,857 | €19,802 | €70,506 | ▲ 256% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€275 | -€280 | - | -€5,801 | €1,739 | ▲ 130% |
| + Depreciation and write-downs630 | - | - | - | €753 | €1,220 | ▲ 62.1% |
| Operating cash flow (approximation) | -€275 | -€280 | - | -€5,048 | €2,958 | ▲ 159% |
| Investment in fixed assets (approximation) | - | - | - | - | -€2,305 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €1,739
Net result €1,739 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€5,801
Net result drops to -€5,801, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Opwijk · 1 establishment unit since 2024
Ground area
999 m²
Building footprint
157 m²
Volume, LiDAR
789 m³
Parcel 23060B0220/00N000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ENNAHDA FOOD SERVICE
since 20242.355.093.187
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060B0220/00N000 | Flanders | 999 m² | 1 · 157 m² | 5.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOpwijk2.355.093.187
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AN - KEE
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ANCIENS ETABLISSEMENTS SOCALUX
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,424 companies in sector 46389 we hold annual accounts for 855. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
46392Non-specialised wholesale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479719339
Also
9925:BE0479719339
Registered
03-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.