ENOVATION CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ENOVATION CONSTRUCT is 1.7% (moderate). The 2024 annual accounts show negative equity (-€9,836) and a net result of €8,602. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 9974 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.64 in 2023; short-term debt: 142.4% and cash: 27.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-42.4%
Return on assets
37.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 9974 sector peers (2024).
NBB · sector comparisonPosition among 9974 sector peers
Solvency
better than 6%
← 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 31-07-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
52 d early
2022
57 d early
2021
40 d early
2020
18 d early
2019
39 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 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€9,836▲ 46.7%
2023 · -€18,438
Total assets
€23,174▼ 30.6%
2023 · €33,381
Net result
€8,602
2023 · -€35,694
Working capital
-€9,836▲ 46.7%
2023 · -€18,438
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€12,661▼ 30.4%€14,103€3,184▼ 77.4%-€35,589€8,706
Net result-€12,708▼ 30.7%€13,888€2,892▼ 79.2%-€35,694€8,602
Equity€376▼ 94.2%€14,364▲ 3,721%€17,256▲ 20.1%-€18,438-€9,836▲ 46.7%
Total assets€7,585▼ 16.0%€19,751▲ 160%€69,064▲ 250%€33,381▼ 51.7%€23,174▼ 30.6%
Debt€7,209▲ 178%€5,387▼ 25.3%€51,808▲ 862%€51,819=€33,010▼ 36.3%
Working capital€376▼ 94.2%€14,364▲ 3,721%€17,256▲ 20.1%-€18,438-€9,836▲ 46.7%
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: €8,706 after a loss of €35,589 in 2023.
Key figures and ratios
Solvency
-42.4%▲
2023 · -55.2%
Current ratio
0.70▲
2023 · 0.64
Quick ratio
0.57▲
2023 · 0.56
Debt to equity
-3.36▼
2023 · -2.81
ROA
37.1%▲
2023 · -106.9%
Debt ≤ 1 year
€33,010▼
2023 · €51,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 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% | 1.6% |
| 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 74% 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 2,176 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €579 | €587 | €479 | €98 | ▼ 79.5% |
| Gross operating margin9900 | -€11,975 | €14,682 | €3,771 | -€35,110 | €8,804 | ▲ 125% |
| Operating profit (loss)9901 | -€12,661 | €14,103 | €3,184 | -€35,589 | €8,706 | ▲ 124% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | - | €214 | €293 | €105 | €108 | ▲ 3.5% |
| Recurring financial charges65 | €31 | €214 | €293 | €105 | €108 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€12,692 | €13,888 | €2,892 | -€35,694 | €8,602 | ▲ 124% |
| Income taxes67/77 | €16 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€12,708 | €13,888 | €2,892 | -€35,694 | €8,602 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | -€12,708 | €13,888 | €2,892 | -€35,694 | €8,602 | ▲ 124% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,585 | €19,751 | €69,064 | €33,381 | €23,174 | ▼ 30.6% |
| Current assets29/58 | €7,585 | €19,751 | €69,064 | €33,381 | €23,174 | ▼ 30.6% |
| Stocks and contracts in progress3 | - | - | - | €4,500 | €4,500 | = |
| Stocks30/36 | - | - | - | €4,500 | €4,500 | = |
| Amounts receivable within one year40/41 | €1,663 | €9,982 | €45,262 | €21,001 | €12,260 | ▼ 41.6% |
| Trade receivables40 | - | €7,592 | €35,608 | €20,246 | €11,468 | ▼ 43.4% |
| Other amounts receivable41 | - | €2,391 | €9,654 | €755 | €792 | ▲ 4.8% |
| Cash at bank and in hand54/58 | €5,923 | €9,683 | €23,311 | €7,880 | €6,414 | ▼ 18.6% |
| Deferred charges and accrued income490/1 | - | €85 | €490 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,585 | €19,751 | €69,064 | €33,381 | €23,174 | ▼ 30.6% |
| Equity10/15 | €376 | €14,364 | €17,256 | -€18,438 | -€9,836 | ▲ 46.7% |
| Contributions10/11 | €12,850 | €12,950 | €12,950 | €14,810 | €14,810 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | -€14,334 | -€446 | €2,446 | -€33,248 | -€24,646 | ▲ 25.9% |
| Amounts payable17/49 | €7,209 | €5,387 | €51,808 | €51,819 | €33,010 | ▼ 36.3% |
| Amounts payable within one year42/48 | €7,209 | €5,387 | €51,808 | €51,819 | €33,010 | ▼ 36.3% |
| Trade debts44 | €2,583 | €2,491 | €46,185 | €14,207 | €10,846 | ▼ 23.7% |
| Suppliers440/4 | - | €2,491 | €46,185 | €14,207 | €10,846 | ▼ 23.7% |
| Taxes, remuneration and social security45 | - | €955 | €4,383 | €3,410 | €4,398 | ▲ 28.9% |
| Taxes450/3 | - | €955 | €2,883 | €1,910 | €1,898 | ▼ 0.7% |
| Remuneration and social security454/9 | - | - | €1,500 | €1,500 | €2,500 | ▲ 66.7% |
| Other amounts payable47/48 | - | €1,941 | €1,240 | €34,201 | €17,767 | ▼ 48.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,708 | €13,888 | €2,892 | -€35,694 | €8,602 | ▲ 124% |
| Operating cash flow (approximation) | -€12,708 | €13,888 | €2,892 | -€35,694 | €8,602 | ▲ 124% |
| Change in cash | - | €3,761 | €13,628 | -€15,431 | -€1,466 | ▲ 90.5% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,602
Net result €8,602 after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€35,694
Net result drops to -€35,694, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13,888
Net result €13,888 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.67
Current ratio from 1.05 to 3.67; short-term debt falls from €7,209 to €5,387.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
21-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Orp-Jauche · 1 establishment unit since 2017
Ground area
1,308 m²
Building footprint
184 m²
Volume, LiDAR
1,819 m³
Parcel 25082B0191/00G002, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GERARD CONSTRUCT
since 20172.264.361.664
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25082B0191/00G002 | Wallonia | 1,308 m² | 1 · 184 m² | 12.2 m · 3 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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,130 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
Founded04-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673854050
Also
9925:BE0673854050
Registered
08-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.