Enplus
ActiveSummary
The annual accounts of Enplus for financial year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €58,785 and a net result of -€138,230. Equity has been shrinking by about 9.4% per year since 2018. Its solvency ranks better than 16% of 2,799 sector peers (NACE 41, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-01-2011 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.195.937.468 3500 Hasselt, since 28-01-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- -€104,478
- Loss
- €138,230
- Equity
- €58,785
- ▼ 70.2%
- Total assets
- €760,777
- ▲ 31.7%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €138,230 (financial year 2025)Sector: Construction of residential and non-residential buildings (NACE 41)Equity €58,785 (7.7% of total assets)lowers riskSize: total assets €760,777Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 17% of them on solvency, 10% on liquidity, 5% on profitability and 8% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 14 filings
Every figure per financial year
The operating result for 2025 is a loss of €126,558, after a profit of €89,393 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €222,028 | €4,545 | - | €1,222 | €11,558 |
| Financial fixed assets | €247 | €175 | - | - | - |
| Depreciation and write-downs of the year | €17,184 | €19,637 | €12,272 | €12,566 | €12,798 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,191 | €26,170 | -€3,137 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,903 | €10,454 | €11,726 | €17,184 | €19,637 | €12,272 | €12,566 | €12,798 | ▲ 1.8% |
| Other operating charges640/8 | - | - | - | €4,579 | €38,056 | €8,171 | €2,827 | €9,283 | ▲ 228% |
| Non-recurring operating charges66A | - | - | - | - | - | €111,429 | - | - | - |
| Gross operating margin9900 | €119,516 | €123,259 | €74,271 | €100,617 | €68,951 | €38,314 | €104,787 | -€104,478 | - |
| Operating profit (loss)9901 | €32,997 | €64,839 | €35,421 | €45,663 | -€14,912 | -€90,421 | €89,393 | -€126,558 | - |
| Financial income75/76B | - | - | - | €438 | €67 | €18,630 | €1 | €1,113 | ▲ 2,062× |
| Recurring financial income75 | €10,438 | €8,298 | €2,311 | €438 | €67 | €18,630 | €1 | €1,113 | ▲ 2,062× |
| Financial charges65/66B | - | - | - | €20,669 | €25,043 | €41,936 | €32,228 | €12,401 | ▼ 61.5% |
| Recurring financial charges65 | €14,886 | €13,633 | €15,763 | €20,669 | €25,043 | €41,936 | €32,228 | €12,401 | ▼ 61.5% |
| Profit (loss) for the period before taxes9903 | €28,549 | €59,505 | €21,969 | €25,432 | -€39,888 | -€113,728 | €57,166 | -€137,846 | - |
| Income taxes67/77 | €15,945 | €23,238 | €2,377 | €5,790 | €445 | -€89 | €11,160 | €384 | ▼ 96.6% |
| Profit (loss) for the period9904 | €12,603 | €36,267 | €19,593 | €19,642 | -€40,333 | -€113,638 | €46,006 | -€138,230 | - |
| Profit (loss) for the period to be appropriated9905 | €12,603 | €36,267 | €19,593 | €19,642 | -€40,333 | -€113,638 | €46,006 | -€138,230 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.8m | €1.2m | €1.2m | €1.4m | €0.9m | €0.6m | €0.8m | ▲ 31.7% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.2m | €0.2m | €0.2m | ▼ 0.6% |
| Land and buildings22 | - | - | - | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | ▼ 4.9% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.006m | €0.004m | €0.003m | €0.01m | ▲ 299% |
| Financial fixed assets28 | - | - | - | €247 | €422 | - | - | - | - |
| Current assets29/58 | €0.5m | €0.6m | €1.0m | €0.7m | €1.0m | €0.6m | €0.4m | €0.5m | ▲ 51.5% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.6m | €0.4m | €0.7m | €0.2m | €0.008m | €0.3m | ▲ 38× |
| Stocks30/36 | - | - | - | €0.4m | €0.7m | €0.2m | €0.008m | €0.009m | ▲ 16.3% |
| Contracts in progress37 | - | - | - | €0.04m | €0.04m | - | - | €0.3m | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | ▲ 0.7% |
| Trade receivables40 | - | - | - | €0.03m | €0.02m | €0.2m | €0.03m | €0.02m | ▼ 27.2% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 4.5% |
| Cash at bank and in hand54/58 | €0.09m | €0.2m | €0.005m | €0.02m | €0.03m | €0.02m | €0.1m | €0.03m | ▼ 78.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.003m | €0.001m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €1.2m | €1.2m | €1.4m | €0.9m | €0.6m | €0.8m | ▲ 31.7% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.06m | ▼ 70.2% |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.3m | €0.2m | €0.1m | €0.2m | €0.03m | ▼ 82.8% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.2m | €0.1m | €0.2m | €0.03m | ▼ 84.3% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.3m | - | - | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.6m | €1.0m | €0.9m | €1.2m | €0.7m | €0.4m | €0.7m | ▲ 84.5% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 9.0% |
| Financial debts170/4 | - | - | - | €0.3m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 9.0% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.6m | €0.6m | €1.1m | €0.6m | €0.3m | €0.6m | ▲ 120% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.3m | €0.3m | €0.01m | €0.4m | ▲ 38× |
| Financial debts43 | - | - | - | €0.4m | €0.6m | €0.2m | €0.2m | €0.2m | = |
| Credit institutions430/8 | - | - | - | €0.4m | €0.6m | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.03m | €0.06m | €0.1m | €0.03m | €0.05m | €0.02m | €0.04m | €0.05m | ▲ 30.1% |
| Suppliers440/4 | - | - | - | €0.03m | €0.05m | €0.02m | €0.04m | €0.05m | ▲ 30.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.02m | €0.03m | €0.03m | ▲ 19.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €178 | €0.001m | €430 | ▼ 22.2% |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.005m | €0.02m | €0.03m | €0.03m | ▲ 20.1% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.1m | €0.1m | €0.05m | €0.003m | ▼ 93.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.001m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,603 | €36,267 | €19,593 | €19,642 | -€40,333 | -€113,638 | €46,006 | -€138,230 | - |
| + Depreciation and write-downs630 | €30,903 | €10,454 | €11,726 | €17,184 | €19,637 | €12,272 | €12,566 | €12,798 | ▲ 1.8% |
| Operating cash flow (approximation) | €43,507 | €46,722 | €31,319 | €36,825 | -€20,696 | -€101,366 | €58,573 | -€125,433 | - |
| Investment in fixed assets (approximation) | - | -€4,013 | -€7,121 | -€222,275 | -€4,720 | €209,734 | -€1,222 | -€11,558 | ▼ 846% |
| Change in cash | - | €69,033 | -€149,399 | €19,009 | €3,349 | -€7,183 | €106,645 | -€99,533 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 112 companies had the same profile as Enplus has now. Two years later, 91.1% were still going and 3.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Enplus itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 112 companies, not a prediction for Enplus. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00327260 | |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00336564 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00428529 | |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00464014 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20403612 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27700458 | |
| 31-12-2019 | abbreviated format | 29-09-2020 | 2020-56600101 | |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-67400298 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-64500258 | |
| 31-12-2016 | abbreviated format | 18-09-2017 | 2017-61000149 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 27-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Gianpaolo BATTISTELLA |
|
Articles of association
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen vanaf openstelling, inbreng in geld met nieuwe aandelen-voorkeurrecht”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Op elk moment door algemene vergadering in vormen vereist voor statutenwijziging, vereffenaars mogen lasthebbers aanstellen met in tijd…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering om een of meerdere vereffenaars aan te duiden bevoegdheden te omlijnen vergoeding te bepalen, algemene…”
Articles of association, deed of 27-02-2024 (in Dutch)
Network & group
Enplus shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Enplus. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-02
Gazette deed
Change of role: Gianpaolo BATTISTELLA, from manager to gewone bestuurderAmendment of the articles · Legal form clause · Capital conversion14 points ▸
- General meeting, 11-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Legal form clause, “behouden, Tweede besluit” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “niet-gestort kapitaaldeel, niet-opgevraagde inbrengen” (deed in Dutch)
- Other provision, “inlichting door notaris over vermindering eigenvermogensrekening niet opgevraagde inbrengen, niet langer in regel met VVPR Bis-regeling” (deed in Dutch)
- Capital
- Registered office clause, “3500 Hasselt, Luikersteenweg 81” (deed in Dutch)
- Director resignation, Gianpaolo BATTISTELLA (manager)
- Director discharge, Gianpaolo BATTISTELLA
- Director appointment, Gianpaolo BATTISTELLA (gewone bestuurder)
- Other provision, “verklaring geen beletsel mandaat, niet getroffen door besluit dat zich tegen mandaat verzet” (deed in Dutch)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- Het verrichten van studiewerk en verlenen van advies inzake onroerend goed projecten;
- Het verlenen van advies en diensten,begeleiding,bijstand en leiding aan vennootschappen,ondernemingen,instellingen en privépersonen,voornamelijk doch niet uitsluitend op het vlak van het algemeen beleid,informaticabeleid,het marketingbeleid,het reclamewezen,het productie- en ontwikkelingsbeleid,het technisch beleid,het promotie en verkoopbeleid,het financieel-administratief-en personeelsbeleid;
- Het verrichten van studiewerk terzake en het verlenen van alle diensten.
- De rekrutering,vorming,plaatsing en ter beschikking stellen van (gespecialiseerd) personeel.
- De (re)organisatie van vennootschappen Ondernemingen en het verlenen van alle advies met betrekking tot de verhoudingen (in-en extern) binnen ondernemingen en vennootschappen;
- Het beheer,de uitbouw en uitbreiding van haar patrimonium bestaande uit roerende en onroerende goederen en rechten in de ruimste zin;
- Alle verrichtingen en rechtshandelingen met betrekking tot onroerende goederen en rechten in de ruimste zin,zoals het (ver)bouwen,inrichten,het verwerven,vervreemden,het (ver)huren,het beheren,uitbaten,valoriseren en ordenen van alle onroerende goederen,leasing inbegrepen;
- Alle verrichtingen en rechtshandelingen met betrekking tot roerende goederen en rechten in de ruimste zin,zoals het verwerven,vervreemden,het beheren,valoriseren van aandelen,obligaties,participatiebewijzen en andere waardepapieren;
- Belangen nemen in alle vennootschappen of ondernemingen onder welke vorm ook en op welke wijze ook en deze beheren;
- (hypothecaire) waarborgen verlenen voor derden,voorschotten en krediet toestaan en zich voor derden borg stellen of aval verlenen in het algemeen;
- Het bestuur voeren over andere vennootschappen en ondernemingen;
- Alle handels,financiële en nijverheidshandelingen verrichten,die rechtstreeks of onrechtstreeks in verband staan met haar doel
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0833.409.845
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71324E0095/00Z003 | Flanders | 97 m² | 1 · 97 m² | 12.7 m · 1 |