ENODO
ActiveSummary
ENODO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €412,026 and a net result of €103,780. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 7.87 against 8.86 in 2024; short-term debt: 10.1% and cash: 64.1% of total assets), and 11.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Office administrative, office support and other business support activities (NACE 82)
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
88.1%
Return on assets
22.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 d early
2024
on the day
2023
43 d early
2022
46 d early
2021
39 d early
2020
33 d early
2019
22 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 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€412,026▲ 28.6%
2024 · €320,428
Total assets
€467,430▲ 24.5%
2024 · €375,376
Net result
€103,780▲ 21.5%
2024 · €85,418
Working capital
€324,883▲ 34.7%
2024 · €241,279
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€48,326▼ 39.3%€92,759▲ 91.9%€92,473▼ 0.3%€123,423▲ 33.5%€146,905▲ 19.0%
Net result€32,095within the sector's middle half▼ 41.0%€63,704above the sector's middle half▲ 98.5%€63,585above the sector's middle half▼ 0.2%€85,418above the sector's middle half▲ 34.3%€103,780above the sector's middle half▲ 21.5%
Equity€179,175above the sector's middle half▲ 21.8%€242,879above the sector's middle half▲ 35.6%€242,828above the sector's middle half=€320,428above the sector's middle half▲ 32.0%€412,026above the sector's middle half▲ 28.6%
Total assets€306,345within the sector's middle half▲ 5.3%€330,815within the sector's middle half▲ 8.0%€316,724within the sector's middle half▼ 4.3%€375,376above the sector's middle half▲ 18.5%€467,430above the sector's middle half▲ 24.5%
Debt€127,170▼ 11.7%€87,936▼ 30.9%€73,896▼ 16.0%€54,948▼ 25.6%€55,403▲ 0.8%
Working capital€133,620▲ 7.2%€190,466▲ 42.5%€179,180▼ 5.9%€241,279▲ 34.7%€324,883▲ 34.7%
Solvency58.5%within the sector's middle half▲ 8.0pp73.4%above the sector's middle half▲ 14.9pp76.7%above the sector's middle half▲ 3.3pp85.4%above the sector's middle half▲ 8.7pp88.1%above the sector's middle half▲ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467,430
Fixed assets
€95,277 ▼ 7.9%
Current assets
€372,152 ▲ 36.8%
Equity and liabilities €467,430
Equity
€412,026 ▲ 28.6%
Debt
€55,403 ▲ 0.8%
Debt's share of the balance-sheet total falls from 14.6% to 11.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156,677▲
2024 · €133,206
Cash flow
€113,553▲
2024 · €95,201
Current ratio
7.87▼
2024 · 8.86
Debt to equity
0.13▼
2024 · 0.17
ROE
25.2%▼
2024 · 26.7%
ROA
22.2%▼
2024 · 22.8%
Interest coverage
38.61▲
2024 · 32.34
Debt ≤ 1 year
€47,270▲
2024 · €30,690
Debt > 1 year
€8,134▼
2024 · €24,258
Income taxes
€43,413▲
2024 · €35,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 17,810 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,050 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,998 | €10,374 | €8,903 | €9,783 | €9,772 | ▼ 0.1% |
| Other operating charges640/8 | - | €17,171 | €14,048 | €18,161 | €19,208 | ▲ 5.8% |
| Gross operating margin9900 | €71,593 | €120,303 | €115,424 | €151,367 | €175,885 | ▲ 16.2% |
| Operating profit (loss)9901 | €48,326 | €92,759 | €92,473 | €123,423 | €146,905 | ▲ 19.0% |
| Financial income75/76B | - | €21 | €289 | €1,168 | €4,346 | ▲ 272% |
| Recurring financial income75 | €120 | €21 | €289 | €1,168 | €4,346 | ▲ 272% |
| Financial charges65/66B | - | €3,591 | €4,421 | €4,119 | €4,058 | ▼ 1.5% |
| Recurring financial charges65 | €2,814 | €3,591 | €4,421 | €4,119 | €4,058 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €45,632 | €89,189 | €88,342 | €120,472 | €147,193 | ▲ 22.2% |
| Income taxes67/77 | €13,537 | €25,485 | €24,756 | €35,054 | €43,413 | ▲ 23.8% |
| Profit (loss) for the period9904 | €32,095 | €63,704 | €63,585 | €85,418 | €103,780 | ▲ 21.5% |
| Profit (loss) for the period to be appropriated9905 | €32,095 | €63,704 | €63,585 | €85,418 | €103,780 | ▲ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €306,345 | €330,815 | €316,724 | €375,376 | €467,430 | ▲ 24.5% |
| Fixed assets21/28 | €117,997 | €108,736 | €103,841 | €103,407 | €95,277 | ▼ 7.9% |
| Tangible fixed assets22/27 | €117,997 | €108,736 | €103,841 | €103,407 | €95,277 | ▼ 7.9% |
| Land and buildings22 | - | €99,615 | €93,915 | €88,215 | €82,515 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €3,839 | €2,481 | €9,599 | €9,020 | ▼ 6.0% |
| Furniture and vehicles24 | - | €5,281 | €7,445 | €5,593 | €3,742 | ▼ 33.1% |
| Current assets29/58 | €188,348 | €222,080 | €212,883 | €271,968 | €372,152 | ▲ 36.8% |
| Amounts receivable within one year40/41 | €26,729 | €34,999 | €44,560 | €60,163 | €63,972 | ▲ 6.3% |
| Trade receivables40 | - | €34,999 | €35,095 | €38,216 | €32,598 | ▼ 14.7% |
| Other amounts receivable41 | - | - | €9,466 | €21,947 | €31,373 | ▲ 43.0% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €154,320 | €179,406 | €159,823 | €153,470 | €299,648 | ▲ 95.2% |
| Deferred charges and accrued income490/1 | - | €7,674 | €8,500 | €8,336 | €8,532 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €306,345 | €330,815 | €316,724 | €375,376 | €467,430 | ▲ 24.5% |
| Equity10/15 | €179,175 | €242,879 | €242,828 | €320,428 | €412,026 | ▲ 28.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €172,975 | €236,679 | €236,628 | €314,228 | €405,826 | ▲ 29.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €234,819 | €234,768 | €314,228 | €405,826 | ▲ 29.2% |
| Amounts payable17/49 | €127,170 | €87,936 | €73,896 | €54,948 | €55,403 | ▲ 0.8% |
| Amounts payable after more than one year17 | €71,505 | €55,941 | €40,193 | €24,258 | €8,134 | ▼ 66.5% |
| Financial debts170/4 | - | €55,941 | €40,193 | €24,258 | €8,134 | ▼ 66.5% |
| Amounts payable within one year42/48 | €54,728 | €31,614 | €33,703 | €30,690 | €47,270 | ▲ 54.0% |
| Current portion of amounts payable after more than one year42 | - | €15,564 | €15,748 | €15,935 | €16,124 | ▲ 1.2% |
| Trade debts44 | €8,225 | €5,452 | €14,185 | €10,222 | €14,076 | ▲ 37.7% |
| Suppliers440/4 | - | €5,452 | €14,185 | €10,222 | €14,076 | ▲ 37.7% |
| Taxes, remuneration and social security45 | - | €6,419 | €3,770 | €4,532 | €17,070 | ▲ 277% |
| Taxes450/3 | - | €6,419 | €3,770 | €4,532 | €17,070 | ▲ 277% |
| Other amounts payable47/48 | - | €4,179 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €381 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,095 | €63,704 | €63,585 | €85,418 | €103,780 | ▲ 21.5% |
| + Depreciation and write-downs630 | €8,998 | €10,374 | €8,903 | €9,783 | €9,772 | ▼ 0.1% |
| Operating cash flow (approximation) | €41,093 | €74,078 | €72,488 | €95,201 | €113,553 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | -€1,113 | -€4,008 | -€9,349 | -€1,643 | ▲ 82.4% |
| Change in cash | - | €25,086 | -€19,584 | -€6,353 | €146,179 | ▲ 2,401% |
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
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €103,780 ▲21.5%
Operating result €146,905, net result €103,780, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 7.02
Current ratio from 3.44 to 7.02; short-term debt falls from €54,728 to €31,614.
30-06
Financial
Equity above €200,000Eq €242,879 ▲35.6%
4 profitable years in a row build equity to €242,879.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €150,000Eq €179,175 ▲21.8%
3 profitable years in a row build equity to €179,175.
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €100,000Eq €147,080 ▲58.8%
2 profitable years in a row build equity to €147,080.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Antwerpen · 1 establishment unit since 2015
Ground area
493 m²
Building footprint
286 m²
Volume, LiDAR
4,631 m³
Parcel 11811L3506/00K002, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Be-Gusto
since 20152.244.367.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3506/00K002 | Flanders | 493 m² | 1 · 285 m² | 22.5 m · 6 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.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,142 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
Founded05-08-2015
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634864109
Registered
15-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.