eNovates
BankruptcySummary
The KBO register records for eNovates the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €1.5m and a net result of -€7.2m.
Are you a creditor?
Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 89 sector peers (2024).
NBB · sector comparisonPosition among 89 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
1 d early
2022
40 d early
2021
31 d late
2020
32 d early
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 16 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?HUUB BAREN · 5 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Manufacture of motor vehicles, trailers and semi-trailers sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€12.9m▼ 68.9%
2023 · €41.6m
EBIT margin
-54.8%▼ 56.5pp
2023 · 1.7%
Net result
-€7.2m
2023 · €74,646
Working capital
-€2.5m▲ 24.9%
2023 · -€3.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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
Turnover€17.1m€31.6m▲ 84.9%€41.6m▲ 31.4%€12.9m▼ 68.9%
Operating result-€546,789-€2.3m▼ 327%-€3.5m▼ 48.6%€710,387-€7.1m
Net result-€581,805below the sector's middle half-€2.4mbelow the sector's middle half▼ 313%-€3.8mbelow the sector's middle half▼ 58.8%€74,646within the sector's middle half-€7.2mbelow the sector's middle half
EBIT margin-13.6%-11.0%▲ 2.7pp1.7%▲ 12.7pp-54.8%▼ 56.5pp
Equity€675,505within the sector's middle half▼ 46.3%€774,931within the sector's middle half▲ 14.7%-€987,256below the sector's middle half-€912,610below the sector's middle half▲ 7.6%€1.5mwithin the sector's middle half
Total assets€6.6mabove the sector's middle half▲ 32.9%€8.3mwithin the sector's middle half▲ 26.4%€16.9mwithin the sector's middle half▲ 103%€18.0mwithin the sector's middle half▲ 6.8%€16.7mwithin the sector's middle half▼ 7.1%
Debt€5.7m▲ 52.9%€7.1m▲ 25.9%€17.7m▲ 148%€18.9m▲ 6.8%€15.2m▼ 19.4%
Working capital-€856,226below the sector's middle half€575,760within the sector's middle half-€2.9mbelow the sector's middle half-€3.4mbelow the sector's middle half▼ 18.6%-€2.5mbelow the sector's middle half▲ 24.9%
Solvency10.3%below the sector's middle half▼ 15.1pp9.3%below the sector's middle half▼ 0.9pp-5.9%below the sector's middle half▼ 15.2pp-5.1%below the sector's middle half▲ 0.8pp8.8%below the sector's middle half▲ 13.9pp
Current ratio0.84below the sector's middle half▼ 0.231.13within the sector's middle half▲ 0.290.80below the sector's middle half▼ 0.320.78below the sector's middle half▼ 0.020.83below the sector's middle half▲ 0.05
Return on assets (ROA)-8.8%below the sector's middle half▼ 22.6pp-28.8%below the sector's middle half▼ 20.0pp-22.6%below the sector's middle half▲ 6.2pp0.4%within the sector's middle half▲ 23.0pp-43.3%below the sector's middle half▼ 43.7pp
Staff (FTE)16.4within the sector's middle half▲ 60.8%27.6within the sector's middle half▲ 68.3%34.7within the sector's middle half▲ 25.7%36.3within the sector's middle half▲ 4.6%31.4within the sector's middle half▼ 13.5%
above
within
below
the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result -313%, Staff (FTE) +68% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7.1m after €710,387 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.7m
Fixed assets
€4.2m ▼ 28.4%
Current assets
€12.6m ▲ 3.1%
Equity and liabilities €16.7m
Equity
€1.5m
Provisions
€37,500
Debt
€15.2m
Debt finances 91.0% of the balance-sheet total.
Key figures and ratios
EBITDA
-€4.2m▼
2023 · €3.0m
Cash flow
-€4.4m▼
2023 · €2.4m
Quick ratio
0.46▼
2023 · 0.47
Debt to equity
10.31▲
2023 · -20.71
ROE
-490.3%
Interest coverage
-15.68▼
2023 · 5.51
Debt ≤ 1 year
€15.1m▼
2023 · €15.6m
Debt > 1 year
€0▼
2023 · €2.5m
Income taxes
€4,261▲
2023 · €3,472
Staff costs
€2.7m▼
2023 · €3.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €17.7m | €33.1m | €46.9m | €14.3m | ▼ 69.6% |
| Turnover70 | - | €17.1m | €31.6m | €41.6m | €12.9m | ▼ 68.9% |
| Own construction capitalised72 | - | €504,926 | €673,286 | €557,247 | €1.2m | ▲ 119% |
| Other operating income74 | - | €71,658 | €118,548 | €173,057 | €128,952 | ▼ 25.5% |
| Non-recurring operating income76A | - | €76,000 | €659,444 | €4.6m | €878 | ▼ 100.0% |
| Operating charges60/66A | - | €20.1m | €36.5m | €46.2m | €21.3m | ▼ 53.8% |
| Goods for resale, raw materials and consumables60 | - | €12.7m | €26.5m | €35.3m | €11.0m | ▼ 68.8% |
| Purchases600/8 | - | €12.7m | €27.7m | €38.2m | €12.0m | ▼ 68.6% |
| Change in stocks: decrease (increase)609 | - | €68,302 | -€1.2m | -€2.9m | -€968,589 | ▲ 67.1% |
| Services and other goods61 | - | €2.7m | €3.5m | €4.0m | €3.2m | ▼ 19.4% |
| Remuneration, social security and pensions62 | - | €1.9m | €2.6m | €3.1m | €2.7m | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €815,633 | €1.3m | €2.0m | €2.3m | €2.9m | ▲ 25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €527,150 | €121,553 | €253,805 | €291,155 | ▲ 14.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €23,667 | €11,141 | €14,831 | €132,046 | ▲ 790% |
| Non-recurring operating charges66A | - | €986,350 | €1.8m | €1.3m | €1.1m | ▼ 15.8% |
| Gross operating margin9900 | €1.8m | - | - | - | - | - |
| Operating profit (loss)9901 | -€546,789 | -€2.3m | -€3.5m | €710,387 | -€7.1m | ▼ 1,096% |
| Financial income75/76B | - | €2,127 | €6,482 | €129,509 | €146,568 | ▲ 13.2% |
| Recurring financial income75 | €0 | €2,127 | €6,482 | €129,509 | €146,568 | ▲ 13.2% |
| Income from current assets751 | - | - | €3,232 | €0 | - | - |
| Other financial income752/9 | - | €2,127 | €3,250 | €129,509 | €146,568 | ▲ 13.2% |
| Financial charges65/66B | - | €69,370 | €348,844 | €761,778 | €313,968 | ▼ 58.8% |
| Recurring financial charges65 | €33,796 | €69,370 | €348,844 | €761,778 | €313,968 | ▼ 58.8% |
| Debt charges650 | - | €69,205 | €287,764 | €546,088 | €267,111 | ▼ 51.1% |
| Other financial charges652/9 | - | €165 | €61,081 | €215,690 | €46,857 | ▼ 78.3% |
| Profit (loss) for the period before taxes9903 | -€580,585 | -€2.4m | -€3.8m | €78,118 | -€7.2m | ▼ 9,368% |
| Income taxes67/77 | €1,220 | €1,320 | €4,417 | €3,472 | €4,261 | ▲ 22.7% |
| Taxes670/3 | - | €1,320 | €4,417 | €3,472 | €4,261 | ▲ 22.7% |
| Profit (loss) for the period9904 | -€581,805 | -€2.4m | -€3.8m | €74,646 | -€7.2m | ▼ 9,805% |
| Profit (loss) for the period to be appropriated9905 | -€581,805 | -€2.4m | -€3.8m | €74,646 | -€7.2m | ▼ 9,805% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.6m | €8.3m | €16.9m | €18.0m | €16.7m | ▼ 7.1% |
| Fixed assets21/28 | €2.1m | €3.3m | €5.2m | €5.8m | €4.2m | ▼ 28.4% |
| Intangible fixed assets21 | €1.9m | €2.9m | €3.2m | €2.6m | €1.7m | ▼ 33.2% |
| Tangible fixed assets22/27 | €181,226 | €368,482 | €959,532 | €1.4m | €489,753 | ▼ 65.6% |
| Plant, machinery and equipment23 | - | €318,460 | €902,058 | €1.4m | €445,303 | ▼ 67.4% |
| Furniture and vehicles24 | - | €19,460 | €32,300 | €37,904 | €30,243 | ▼ 20.2% |
| Other tangible fixed assets26 | - | €30,562 | €25,174 | €20,323 | €14,208 | ▼ 30.1% |
| Financial fixed assets28 | €39,322 | €39,322 | €1.0m | €1.9m | €2.0m | ▲ 6.4% |
| Other financial fixed assets284/8 | - | €39,322 | €1.0m | €1.9m | €2.0m | ▲ 6.4% |
| Amounts receivable and cash guarantees285/8 | - | €39,322 | €1.0m | €1.9m | €2.0m | ▲ 6.4% |
| Current assets29/58 | €4.5m | €5.1m | €11.7m | €12.2m | €12.6m | ▲ 3.1% |
| Stocks and contracts in progress3 | €1.2m | €1.1m | €2.2m | €4.9m | €5.6m | ▲ 13.2% |
| Stocks30/36 | - | €1.1m | €2.2m | €4.9m | €5.6m | ▲ 13.2% |
| Goods purchased for resale34 | - | €1.1m | €2.2m | €4.9m | €5.6m | ▲ 13.2% |
| Amounts receivable within one year40/41 | €2.7m | €2.5m | €7.8m | €7.0m | €5.4m | ▼ 22.5% |
| Trade receivables40 | - | €2.1m | €6.6m | €6.7m | €4.8m | ▼ 28.0% |
| Other amounts receivable41 | - | €335,292 | €1.2m | €262,441 | €570,446 | ▲ 117% |
| Cash at bank and in hand54/58 | €628,310 | €1.5m | €1.7m | €304,996 | €1.6m | ▲ 423% |
| Deferred charges and accrued income490/1 | - | €21,736 | €31,505 | €21,262 | €25,620 | ▲ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.6m | €8.3m | €16.9m | €18.0m | €16.7m | ▼ 7.1% |
| Equity10/15 | €675,505 | €774,931 | -€987,256 | -€912,610 | €1.5m | ▲ 262% |
| Contributions10/11 | €1.3m | €4.5m | €6.6m | €6.6m | €8.7m | ▲ 32.9% |
| Capital10 | - | €4.5m | €6.6m | €6.6m | €8.7m | ▲ 32.9% |
| Issued capital100 | - | €4.5m | €6.6m | €6.6m | €8.7m | ▲ 32.9% |
| Outside capital11 | - | €0 | - | - | - | - |
| Share premium1100/10 | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€1.3m | -€3.7m | -€7.6m | -€7.5m | -€7.2m | ▲ 3.1% |
| Provisions and deferred taxes16 | €256,000 | €430,000 | €170,000 | €37,500 | €37,500 | = |
| Provisions for liabilities and charges160/5 | - | €430,000 | €170,000 | €37,500 | €37,500 | = |
| Other liabilities and charges164/5 | - | €430,000 | €170,000 | €37,500 | €37,500 | = |
| Amounts payable17/49 | €5.7m | €7.1m | €17.7m | €18.9m | €15.2m | ▼ 19.4% |
| Amounts payable after more than one year17 | €0 | €2.0m | €2.6m | €2.5m | €0 | ▼ 100% |
| Financial debts170/4 | - | €2.0m | €2.6m | €2.5m | €0 | ▼ 100% |
| Subordinated loans170 | - | - | - | €2.5m | €0 | ▼ 100% |
| Credit institutions173 | - | €3,529 | €79,760 | €43,048 | €0 | ▼ 100% |
| Other loans174 | - | €2.0m | €2.5m | - | - | - |
| Amounts payable within one year42/48 | €5.4m | €4.5m | €14.6m | €15.6m | €15.1m | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | €2,972 | €38,596 | €36,712 | €0 | ▼ 100% |
| Financial debts43 | - | €540,026 | €2.6m | €4.2m | €6.0m | ▲ 43.7% |
| Credit institutions430/8 | - | €540,026 | €2.6m | €4.2m | €2.0m | ▼ 52.1% |
| Other loans439 | - | - | - | - | €4.0m | - |
| Trade debts44 | €4.6m | €3.7m | €11.6m | €10.3m | €8.8m | ▼ 14.7% |
| Suppliers440/4 | - | €3.7m | €11.6m | €10.3m | €8.8m | ▼ 14.7% |
| Advances received on contracts in progress46 | - | - | - | €705,280 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €223,508 | €293,748 | €334,442 | €299,341 | ▼ 10.5% |
| Taxes450/3 | - | €0 | €8,783 | €15,466 | €18,575 | ▲ 20.1% |
| Remuneration and social security454/9 | - | €223,508 | €284,965 | €318,976 | €280,766 | ▼ 12.0% |
| Accrued charges and deferred income492/3 | - | €639,422 | €536,488 | €773,359 | €113,101 | ▼ 85.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€581,805 | -€2.4m | -€3.8m | €74,646 | -€7.2m | ▼ 9,805% |
| + Depreciation and write-downs630 | €815,633 | €1.3m | €2.0m | €2.3m | €2.9m | ▲ 25.7% |
| Operating cash flow (approximation) | €233,828 | -€1.1m | -€1.8m | €2.4m | -€4.4m | ▼ 284% |
| Investment in fixed assets (approximation) | - | -€2.5m | -€3.9m | -€3.0m | -€1.2m | ▲ 58.8% |
| Change in cash | - | €844,843 | €213,562 | -€1.4m | €1.3m | ▲ 193% |
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
2026
07-07
State Gazette act
Other statement · Representation rule
Annual general meeting · Fiscal year
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€7.2m
Net result drops to -€7.2m, the lowest in the series.
31-12
Financial
Equity above €1mEq €1.5m
Equity rises from -€912,610 to €1.5m.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €74,646
Net result €74,646 after 3 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €680,131 ▲3.3%
Net result €680,131, the highest in the series.
31-12
Financial
Equity above €1mEq €1.3m ▲118%
2 profitable years in a row build equity to €1.3m.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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
23 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, Lokeren · 1 establishment unit since 2011
Ground area
8,994 m²
Building footprint
2,680 m²
Volume, LiDAR
16,840 m³
Parcel 46382B1199/00B000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ECOLOGICAL INNOVATION
since 20112.195.566.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1199/00B000 | Flanders | 8,994 m² | 1 · 2,680 m² | 11.2 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.
Structure & network
Part of the group
HUUB BAREN
5 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
Highest known parent: HUUB BAREN. The sources do not say who stands above it.
Owners 2
- CONNECT GROUPparent90%
- Sourceaccounts ADVICO 20251.34%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 35,130 EUR awarded · 35,130 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,840 EUR | 9,840 EUR |
| 2024 | 1 | 15,790 EUR | 15,790 EUR |
| 2023 | 1 | 0 EUR | 4,500 EUR |
| 2022 | 1 | 9,500 EUR | 5,000 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500ZA8FD5DEDDP213
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Of 94 companies in sector 29310 we hold annual accounts for 71. 48 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
29310Manufacture of motor vehicles, trailers and semi-trailers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833089547
Registered
28-10-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.