Financials
- Fiscal year
- 2025
- Total assets
- €17,289
- Loss
- -€25,726
- Solvency
- 24.8%
Total assets▼ 48.5%
Net result
20182025
Enovations
ActiveSummary
The annual accounts of Enovations for fiscal year 2025 show a net loss of 149% of total assets and of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €4,289 and a net result of -€25,726. Equity is shrinking by ~21.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 31% of 9629 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Agents in the wholesale of food, beverages and tobacco
NACE 46170NACE 51170
1 site
Size
€17,289total assets 2025
- Equity
- €4,289
- Loss
- -€25,726
Turnover not published (abridged schema)
Structure
Accounts 57 d early0 of 4 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €25,726, the second in a row (FY 2025)+ Size: total assets €17,289+ Founded in 2006+ Liquidity: current ratio 0.60, cash €2,838, halvedShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 20% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
50-50
equity 24.8% of total assets
Liquidity
36-38
short-term debt 64.8% · cash 16.4%
Profitability
0=
return on assets -148.8%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● 0.0% vs 11-2024lowest value
01-2025: 0.2%● 0.0% vs 12-2024lowest value
02-2025: 0.2%● 0.0% vs 01-2025lowest value
03-2025: 0.2%● 0.0% vs 02-2025lowest value
04-2025: 0.2%▲ +10.2% vs 03-2025
05-2025: 0.2%▲ +1.1% vs 04-2025
06-2025: 0.2%▼ -1.1% vs 05-2025
07-2025: 0.3%▲ +75.4% vs 06-2025
08-2025: 0.3%● 0.0% vs 07-2025
09-2025: 0.3%● 0.0% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%▼ -0.9% vs 12-2025
02-2026: 0.3%● 0.0% vs 01-2026
03-2026: 0.3%▼ -1.9% vs 02-2026
04-2026: 0.3%▲ +3.2% vs 03-2026
05-2026: 0.3%▲ +0.3% vs 04-2026
06-2026: 0.3%▲ +4.3% vs 05-2026
07-2026: 0.5%▲ +44.5% vs 06-2026highest value
08-2026: 0.5%● 0.0% vs 07-2026highest value
09-2026: 0.5%● 0.0% vs 08-2026highest value
10-2026: 0.5%● 0.0% vs 09-2026highest value
- Loss of €25,726, the second in a row (FY 2025) raises the probability
- Size: total assets €17,289 lowers the probability for this profile
- Founded in 2006 lowers the probability for this profile
- Liquidity: current ratio 0.60, cash €2,838, halved lowers the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.6 against 2.18 in 2024; short-term debt: 64.8% and cash: 16.4% of total assets), and 75.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 35%, liquidity 34%, profitability 6%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€25,726
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
50 d early
2023
43 d early
2022
47 d early
2021
48 d early
2020
53 d early
2019
51 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 50 days before 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 (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 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€30,482
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 04-06-2026Annual accounts filed
- 11-06-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in the wholesale of food, beverages and…NACE 46170
- Founded
- 27-01-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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