ENOA
ActiveSummary
ENOA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,349 and a net result of €9,573. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 1541 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-7
Solvency50▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.79 in 2024; short-term debt: 58.1% and cash: 19.2% of total assets), and 74.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.1%
Return on assets
7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 d early
2024
42 d early
2023
48 d early
2022
28 d early
2021
23 d early
2020
36 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,349▲ 38.6%
2024 · €24,775
Total assets
€137,004▼ 11.8%
2024 · €155,293
Net result
€9,573▼ 48.6%
2024 · €18,615
Working capital
-€6,090▲ 70.6%
2024 · -€20,681
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, 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
Line20212022202320242025
Operating result€20,104▼ 65.0%€3,975▼ 80.2%-€62€27,947€17,834▼ 36.2%
Net result€11,463within the sector's middle half▼ 72.0%€300within the sector's middle half▼ 97.4%-€2,198within the sector's middle half€18,615within the sector's middle half€9,573within the sector's middle half▼ 48.6%
Equity€28,058within the sector's middle half▲ 69.1%€28,358within the sector's middle half▲ 1.1%€26,161within the sector's middle half▼ 7.7%€24,775within the sector's middle half▼ 5.3%€34,349within the sector's middle half▲ 38.6%
Total assets€94,666within the sector's middle half▼ 15.7%€78,603within the sector's middle half▼ 17.0%€47,537within the sector's middle half▼ 39.5%€155,293within the sector's middle half▲ 227%€137,004within the sector's middle half▼ 11.8%
Debt€66,608▼ 30.4%€50,245▼ 24.6%€21,377▼ 57.5%€130,518▲ 511%€102,655▼ 21.3%
Working capital€8,749within the sector's middle half€5,637within the sector's middle half▼ 35.6%€9,448within the sector's middle half▲ 67.6%-€20,681below the sector's middle half-€6,090below the sector's middle half▲ 70.6%
Solvency29.6%within the sector's middle half▲ 14.9pp36.1%within the sector's middle half▲ 6.4pp55.0%within the sector's middle half▲ 19.0pp16.0%within the sector's middle half▼ 39.1pp25.1%within the sector's middle half▲ 9.1pp
Current ratio1.16within the sector's middle half▲ 0.301.12within the sector's middle half▼ 0.041.44within the sector's middle half▲ 0.320.79below the sector's middle half▼ 0.650.92below the sector's middle half▲ 0.13
Return on assets (ROA)12.1%within the sector's middle half▼ 24.3pp0.4%within the sector's middle half▼ 11.7pp-4.6%below the sector's middle half▼ 5.0pp12.0%within the sector's middle half▲ 16.6pp7.0%within the sector's middle half▼ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, 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 falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,004
Fixed assets
€63,480 ▼ 18.0%
Current assets
€73,523 ▼ 5.6%
Equity and liabilities €137,004
Equity
€34,349 ▲ 38.6%
Debt
€102,655 ▼ 21.3%
Debt's share of the balance-sheet total falls from 84.0% to 74.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,984▼
2024 · €44,740
Cash flow
€30,723▼
2024 · €35,408
Debt to equity
2.99▼
2024 · 5.27
ROE
27.9%▼
2024 · 75.1%
Interest coverage
10.36▼
2024 · 21.92
Debt ≤ 1 year
€79,614▼
2024 · €98,552
Debt > 1 year
€23,041▼
2024 · €31,965
Income taxes
€4,498▼
2024 · €7,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 6,706 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,368 | €13,046 | €15,909 | €16,793 | €21,150 | ▲ 25.9% |
| Other operating charges640/8 | €2,070 | €1,203 | €1,393 | €2,895 | €1,601 | ▼ 44.7% |
| Non-recurring operating charges66A | - | - | - | - | €855 | - |
| Gross operating margin9900 | €39,542 | €18,224 | €17,240 | €47,635 | €41,441 | ▼ 13.0% |
| Operating profit (loss)9901 | €20,104 | €3,975 | -€62 | €27,947 | €17,834 | ▼ 36.2% |
| Financial income75/76B | - | €66 | - | - | - | - |
| Recurring financial income75 | - | €66 | - | - | - | - |
| Financial charges65/66B | €842 | €658 | €440 | €2,041 | €3,762 | ▲ 84.4% |
| Recurring financial charges65 | €842 | €658 | €440 | €2,041 | €3,762 | ▲ 84.4% |
| Profit (loss) for the period before taxes9903 | €19,262 | €3,384 | -€502 | €25,906 | €14,072 | ▼ 45.7% |
| Income taxes67/77 | €7,799 | €3,084 | €1,695 | €7,291 | €4,498 | ▼ 38.3% |
| Profit (loss) for the period9904 | €11,463 | €300 | -€2,198 | €18,615 | €9,573 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €11,463 | €300 | -€2,198 | €18,615 | €9,573 | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,666 | €78,603 | €47,537 | €155,293 | €137,004 | ▼ 11.8% |
| Fixed assets21/28 | €30,879 | €27,019 | €16,712 | €77,422 | €63,480 | ▼ 18.0% |
| Intangible fixed assets21 | - | - | €3,740 | €1,873 | €5 | ▼ 99.7% |
| Tangible fixed assets22/27 | €30,529 | €26,669 | €12,622 | €75,549 | €63,475 | ▼ 16.0% |
| Land and buildings22 | €9,125 | €7,774 | €6,465 | €5,155 | €3,846 | ▼ 25.4% |
| Plant, machinery and equipment23 | €912 | €6,456 | €4,636 | €3,918 | €6,232 | ▲ 59.1% |
| Furniture and vehicles24 | €20,492 | €12,438 | €1,522 | €66,475 | €53,397 | ▼ 19.7% |
| Financial fixed assets28 | €350 | €350 | €350 | €0 | - | - |
| Current assets29/58 | €63,787 | €51,584 | €30,825 | €77,871 | €73,523 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €47,286 | €36,703 | €16,841 | €58,887 | €43,319 | ▼ 26.4% |
| Trade receivables40 | €47,259 | €36,651 | €16,036 | €57,082 | €41,296 | ▼ 27.7% |
| Other amounts receivable41 | €27 | €52 | €805 | €1,805 | €2,023 | ▲ 12.1% |
| Cash at bank and in hand54/58 | €15,248 | €11,293 | €11,814 | €15,295 | €26,266 | ▲ 71.7% |
| Deferred charges and accrued income490/1 | €1,253 | €3,588 | €2,170 | €3,689 | €3,938 | ▲ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,666 | €78,603 | €47,537 | €155,293 | €137,004 | ▼ 11.8% |
| Equity10/15 | €28,058 | €28,358 | €26,161 | €24,775 | €34,349 | ▲ 38.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €8,058 | €8,358 | €6,161 | €0 | - | - |
| Distributable reserves133 | €8,058 | €8,358 | €6,161 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | €4,775 | €14,349 | ▲ 200% |
| Amounts payable17/49 | €66,608 | €50,245 | €21,377 | €130,518 | €102,655 | ▼ 21.3% |
| Amounts payable after more than one year17 | €11,570 | €4,298 | - | €31,965 | €23,041 | ▼ 27.9% |
| Financial debts170/4 | €11,570 | €4,298 | - | €31,965 | €23,041 | ▼ 27.9% |
| Amounts payable within one year42/48 | €55,038 | €45,947 | €21,377 | €98,552 | €79,614 | ▼ 19.2% |
| Current portion of amounts payable after more than one year42 | €8,478 | €7,272 | €4,298 | €8,586 | €8,924 | ▲ 3.9% |
| Financial debts43 | - | €1,476 | €2,585 | €0 | - | - |
| Credit institutions430/8 | - | €1,476 | €2,585 | €0 | - | - |
| Trade debts44 | €4,969 | €4,209 | €3,805 | €3,124 | €2,416 | ▼ 22.6% |
| Suppliers440/4 | €4,969 | €4,209 | €3,805 | €3,124 | €2,416 | ▼ 22.6% |
| Advances received on contracts in progress46 | - | - | - | €9,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €18,221 | €13,465 | €8,557 | €14,908 | €8,469 | ▼ 43.2% |
| Taxes450/3 | €18,221 | €10,465 | €8,557 | €14,908 | €5,137 | ▼ 65.5% |
| Remuneration and social security454/9 | - | €3,000 | - | - | €3,332 | - |
| Other amounts payable47/48 | €23,370 | €19,525 | €2,132 | €62,934 | €59,804 | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,463 | €300 | -€2,198 | €18,615 | €9,573 | ▼ 48.6% |
| + Depreciation and write-downs630 | €17,368 | €13,046 | €15,909 | €16,793 | €21,150 | ▲ 25.9% |
| Operating cash flow (approximation) | €28,831 | €13,346 | €13,712 | €35,408 | €30,723 | ▼ 13.2% |
| Investment in fixed assets (approximation) | - | -€9,185 | -€5,603 | -€77,503 | -€7,208 | ▲ 90.7% |
| Change in cash | - | -€3,954 | €520 | €3,481 | €10,971 | ▲ 215% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €18,615
Net result €18,615 after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €40,895 ▲247%
Operating result €57,503, net result €40,895, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11,797
Net result €11,797 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Boechout · 2 establishment units since 2017
Ground area
1,840 m²
Building footprint
270 m²
Volume, LiDAR
1,566 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Knooppuntvijf
since 20172.262.004.762
Boterbloemstraat 20, 8400 Oostende
since 20202.311.578.690
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026B0303/04V000 | Flanders | 1,044 m² | 1 · 122 m² | 10.2 m · 2 fl. |
| 11004A0336/00D005 | Flanders | 796 m² | 1 · 148 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 521 companies in sector 59114 we hold annual accounts for 245. 172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
59114Motion picture, video and television programme production, sound recording and music publishing activities
60100Programming, broadcasting, news agency and other content distribution activities
60200Programming, broadcasting, news agency and other content distribution activities
74201Photography, excluding press photography
74209Other photographic activities
85599Other education
Contact
Website
www.enoa.be
E-mail
hans@enoa.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671852385
Also
9925:BE0671852385
Registered
08-12-2025
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.