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Ensar

Active
Private limited companyfounded 201511 yrs activeSchrijnwerkersstraat 4, 9160 Lokeren, BelgiumKBO/BCE: BE 0630.785.654
Summary

Ensar has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €282,376 and a net result of -€23,893. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability14=
Solvency68▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 23.47 in 2024; short-term debt: 9% and cash: 0% of total assets), and 57% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€23,893
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
42 d early
2023
64 d early
2022
41 d early
2021
3 d early
2020
22 d early
2019
38 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 20 March (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 May 2015, Ensar was incorporated.1 Total assets went from EUR 478,548 in 2019 to EUR 656,918 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€282,376▼ 7.8%
2024 · €306,269
Total assets
€656,918▼ 4.4%
2024 · €686,882
Net result
-€23,893▲ 17.0%
2024 · -€28,782
Working capital
-€2,294
2024 · €83,180
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€130,331▲ 67.1%€33,577▼ 74.2%-€6,459-€7,970▼ 23.4%-€7,928▲ 0.5%
Net result€88,846within the sector's middle half▲ 39.5%€15,843within the sector's middle half▼ 82.2%-€22,734below the sector's middle half-€28,782below the sector's middle half▼ 26.6%-€23,893below the sector's middle half▲ 17.0%
Equity€341,942within the sector's middle half▲ 35.1%€357,785within the sector's middle half▲ 4.6%€335,051within the sector's middle half▼ 6.4%€306,269within the sector's middle half▼ 8.6%€282,376within the sector's middle half▼ 7.8%
Total assets€411,498below the sector's middle half▲ 26.6%€737,342within the sector's middle half▲ 79.2%€713,275within the sector's middle half▼ 3.3%€686,882within the sector's middle half▼ 3.7%€656,918within the sector's middle half▼ 4.4%
Debt€69,556▼ 3.4%€379,558▲ 446%€378,224▼ 0.4%€380,613▲ 0.6%€374,542▼ 1.6%
Working capital€9,967within the sector's middle half▼ 77.7%-€243,022below the sector's middle half-€263,463below the sector's middle half▼ 8.4%€83,180within the sector's middle half-€2,294within the sector's middle half
Solvency83.1%above the sector's middle half▲ 5.2pp48.5%within the sector's middle half▼ 34.6pp47.0%within the sector's middle half▼ 1.5pp44.6%within the sector's middle half▼ 2.4pp43.0%within the sector's middle half▼ 1.6pp
Current ratio1.14within the sector's middle half▼ 0.560.36below the sector's middle half▼ 0.780.30below the sector's middle half▼ 0.0623.47above the sector's middle half▲ 23.170.96within the sector's middle half▼ 22.51
Return on assets (ROA)21.6%above the sector's middle half▲ 2.0pp2.1%within the sector's middle half▼ 19.4pp-3.2%below the sector's middle half▼ 5.3pp-4.2%below the sector's middle half▼ 1.0pp-3.6%below the sector's middle half▲ 0.6pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2021: €130,331€130,331Net result 2021: €88,846€88,846Operating result 2022: €33,577€33,577Net result 2022: €15,843€15,843Operating result 2023: -€6,459-€6,459Net result 2023: -€22,734-€22,734Operating result 2024: -€7,970-€7,970Net result 2024: -€28,782-€28,782Operating result 2025: -€7,928-€7,928Net result 2025: -€23,893-€23,89320212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€6,459-€6,460Net result 2023: -€22,734-€22,700Operating result 2024: -€7,970-€7,970Net result 2024: -€28,782-€28,800Operating result 2025: -€7,928-€7,930Net result 2025: -€23,893-€23,900202320242025
The operating result stays negative: a loss of €7,928 in 2025 against €7,970 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €656,918
Fixed assets €600,000 =
Current assets €56,918 ▼ 34.5%
Equity and liabilities €656,918
Equity €282,376 ▼ 7.8%
Debt €374,542 ▼ 1.6%
Debt's share of the balance-sheet total rises from 55.4% to 57.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€7,928▼
2024 · -€7,815
Cash flow
-€23,893▲
2024 · -€28,627
Debt to equity
1.33▲
2024 · 1.24
ROE
-8.5%▲
2024 · -9.4%
Interest coverage
-0.50▼
2024 · -0.38
Debt ≤ 1 year
€59,212▲
2024 · €3,702
Debt > 1 year
€314,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
5.4% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 2,687 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€686,882€656,918▼
Fixed assets21/28€600,000€600,000=
Tangible fixed assets22/27€600,000€600,000=
Land and buildings22€600,000€600,000=
Furniture and vehicles24€0-
Current assets29/58€86,882€56,918▼
Amounts receivable within one year40/41€86,776€56,892▼
Trade receivables40-€19,000
Other amounts receivable41€86,776€37,892▼
Cash at bank and in hand54/58€106€27▼
Equity and liabilities
Total equity and liabilities10/49€686,882€656,918▼
Equity10/15€306,269€282,376▼
Contributions10/11€12,400€12,400=
Reserves13€293,869€269,976▼
Distributable reserves133€293,869€269,976▼
Amounts payable17/49€380,613€374,542▼
Amounts payable after more than one year17-€314,042
Financial debts170/4-€314,042
Amounts payable within one year42/48€3,702€59,212▲
Current portion of amounts payable after more than one year42€0€35,017▲
Financial debts43-€3,917
Credit institutions430/8-€3,917
Trade debts44€1,090€2,753▲
Suppliers440/4€1,090€2,753▲
Other amounts payable47/48€2,612€17,525▲
Accrued charges and deferred income492/3€376,912€1,287▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155€0▼
Other operating charges640/8€1,949€1,250▼
Gross operating margin9900-€5,866-€6,679▼
Operating profit (loss)9901-€7,970-€7,928▲
Financial charges65/66B€20,812€15,964▼
Recurring financial charges65€20,812€15,964▼
Profit (loss) for the period before taxes9903-€28,782-€23,893▲
Profit (loss) for the period9904-€28,782-€23,893▲
Profit (loss) for the period to be appropriated9905-€28,782-€23,893▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28,782-€23,893▲
Transfer from equity791/2€28,782€23,893▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€25,948----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,118€30,978€651€155€0▼ 100%
Other operating charges640/8-€9,235€1,516€1,949€1,250▼ 35.9%
Non-recurring operating charges66A-€166,355----
Gross operating margin9900€183,846€240,146-€4,292-€5,866-€6,679▼ 13.9%
Operating profit (loss)9901€130,331€33,577-€6,459-€7,970-€7,928▲ 0.5%
Financial income75/76B-€5,060€0---
Recurring financial income75-€5,060€0---
Financial charges65/66B-€6,963€16,275€20,812€15,964▼ 23.3%
Recurring financial charges65€781€6,963€16,275€20,812€15,964▼ 23.3%
Profit (loss) for the period before taxes9903€129,551€31,674-€22,734-€28,782-€23,893▲ 17.0%
Income taxes67/77€40,704€15,831€0---
Profit (loss) for the period9904€88,846€15,843-€22,734-€28,782-€23,893▲ 17.0%
Profit (loss) for the period to be appropriated9905€88,846€15,843-€22,734-€28,782-€23,893▲ 17.0%
Line20212022202320242025Change
Assets
Total assets20/58€411,498€737,342€713,275€686,882€656,918▼ 4.4%
Fixed assets21/28€332,336€600,807€600,155€600,000€600,000=
Tangible fixed assets22/27€332,336€600,807€600,155€600,000€600,000=
Land and buildings22-€600,000€600,000€600,000€600,000=
Plant, machinery and equipment23-€0----
Furniture and vehicles24-€807€155€0--
Current assets29/58€79,162€136,536€113,120€86,882€56,918▼ 34.5%
Stocks and contracts in progress3€1,805€0----
Stocks30/36-€0----
Amounts receivable within one year40/41€13,683€135,444€113,018€86,776€56,892▼ 34.4%
Trade receivables40-€0--€19,000-
Other amounts receivable41-€135,444€113,018€86,776€37,892▼ 56.3%
Cash at bank and in hand54/58€63,673€1,091€102€106€27▼ 74.9%
Equity and liabilities
Total equity and liabilities10/49€411,498€737,342€713,275€686,882€656,918▼ 4.4%
Equity10/15€341,942€357,785€335,051€306,269€282,376▼ 7.8%
Contributions10/11-€12,400€12,400€12,400€12,400=
Reserves13€329,542€345,385€322,651€293,869€269,976▼ 8.1%
Non-distributable reserves130/1-€0----
Reserves not available under the articles1311-€0----
Distributable reserves133-€345,385€322,651€293,869€269,976▼ 8.1%
Amounts payable17/49€69,556€379,558€378,224€380,613€374,542▼ 1.6%
Amounts payable after more than one year17----€314,042-
Financial debts170/4----€314,042-
Amounts payable within one year42/48€69,195€379,558€376,583€3,702€59,212▲ 1,500%
Current portion of amounts payable after more than one year42-€375,000€375,000€0€35,017-
Financial debts43----€3,917-
Credit institutions430/8----€3,917-
Trade debts44€25,427€1,202€470€1,090€2,753▲ 153%
Suppliers440/4-€1,202€470€1,090€2,753▲ 153%
Taxes, remuneration and social security45-€2,243€0---
Taxes450/3-€2,243€0---
Other amounts payable47/48-€1,112€1,112€2,612€17,525▲ 571%
Accrued charges and deferred income492/3-€0€1,642€376,912€1,287▼ 99.7%
Line20212022202320242025Change
Profit (loss) for the period9904€88,846€15,843-€22,734-€28,782-€23,893▲ 17.0%
+ Depreciation and write-downs630€16,118€30,978€651€155€0▼ 100%
Operating cash flow (approximation)€104,964€46,821-€22,082-€28,627-€23,893▲ 16.5%
Investment in fixed assets (approximation)--€299,448€0€0€0-
Change in cash--€62,582-€989€3-€79▼ 2,485%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial Weakest financial yearnet -€28,782
Net result drops to -€28,782, the lowest in the series; recovery starts the following year.
30-09
Financial Liquidity times 78current ratio 23.47
Current ratio from 0.30 to 23.47; short-term debt falls from €376,583 to €3,702.
26-02
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial Highest result since 2019net €88,846 ▲39.5%
Net result €88,846, the highest in the series.
2020
09-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial Liquidity quadruplescurrent ratio 1.71
Current ratio from 0.41 to 1.71; short-term debt falls from €195,296 to €63,409.
31-03
Financial Equity above €200,000Eq €253,095 ▲33.6%
2 profitable years in a row build equity to €253,095.
2019
23-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
19-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
16-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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 2015
seat establishment approximate The establishment unit on the map
Ground area
3,930 m²
Building footprint
2,319 m²
Volume, LiDAR
4 m³
Parcel 46382B1733/00A000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
ENSAR
Schrijnwerkersstraat 4, 9160 LokerenConstruction of roads and motorways
since 20152.242.194.590
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46382B1733/00A000 Flanders 3,930 m² 1 · 2,319 m² 0.2 m
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

Owners and holdings

1 owner

Chain of control

  1. H & C BORINGEN 100%
  2. Ensar

Highest known parent: H & C BORINGEN. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector, comparable size

Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 5,007 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
Founded22-05-2015
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
68329Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0630785654
Registered 13-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.