Ensor 14
ActiveSummary
Ensor 14 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,747) and a net result of -€11,007. Equity is shrinking by ~44.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-31
Solvency10▼-11
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.89 against 9.15 in 2024; short-term debt: 20.2% and cash: 9.8% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-15.3%
Return on assets
-10.7%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€15,747
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
30 d late
2024
38 d late
2023
41 d late
2022
334 d late
2021
71 d late
2020
326 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 140 days after 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€15,747▼ 232%
2024 · -€4,740
Total assets
€103,234▼ 13.0%
2024 · €118,642
Net result
-€11,007
2024 · €1,556
Working capital
€80,952▼ 23.2%
2024 · €105,346
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€1,710-€28,125€7,956€4,359▼ 45.2%-€9,335
Net result€451within the sector's middle half-€30,238below the sector's middle half€6,441within the sector's middle half€1,556within the sector's middle half▼ 75.8%-€11,007below the sector's middle half
Equity€17,501within the sector's middle half▲ 2.6%-€12,737below the sector's middle half-€6,296below the sector's middle half▲ 50.6%-€4,740below the sector's middle half▲ 24.7%-€15,747below the sector's middle half▼ 232%
Total assets€159,046within the sector's middle half▲ 8.1%€153,299within the sector's middle half▼ 3.6%€149,826within the sector's middle half▼ 2.3%€118,642within the sector's middle half▼ 20.8%€103,234within the sector's middle half▼ 13.0%
Debt€141,545▲ 8.9%€166,036▲ 17.3%€156,122▼ 6.0%€123,383▼ 21.0%€118,981▼ 3.6%
Working capital€5,501€5,432▼ 1.3%€105,995▲ 1,851%€105,346▼ 0.6%€80,952▼ 23.2%
Solvency11.0%within the sector's middle half▼ 0.6pp-8.3%below the sector's middle half▼ 19.3pp-4.2%below the sector's middle half▲ 4.1pp-4.0%below the sector's middle half▲ 0.2pp-15.3%below the sector's middle half▼ 11.3pp
Staff (FTE)11=0.4▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,335 after €4,359 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,234
Fixed assets
€1,467 ▲ 294%
Current assets
€101,766 ▼ 14.0%
Key figures and ratios
EBITDA
-€8,637▼
2024 · €5,543
Cash flow
-€10,309▼
2024 · €2,739
Current ratio
4.89▼
2024 · 9.15
Quick ratio
1.51▼
2024 · 1.71
Debt to equity
-7.56▲
2024 · -26.03
ROA
-10.7%▼
2024 · 1.3%
Interest coverage
-4.88▼
2024 · 1.92
Debt ≤ 1 year
€20,814▲
2024 · €12,924
Staff costs
€11,974▲
2024 · €11,706
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
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 1.3% 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 497,058 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 6,943 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,589 | €11,706 | €11,974 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,641 | €10,499 | €1,942 | €1,183 | €698 | ▼ 41.0% |
| Other operating charges640/8 | - | €3,290 | €465 | €723 | €4,953 | ▲ 585% |
| Gross operating margin9900 | €12,914 | -€14,336 | €14,953 | €17,972 | €8,290 | ▼ 53.9% |
| Operating profit (loss)9901 | €1,710 | -€28,125 | €7,956 | €4,359 | -€9,335 | ▼ 314% |
| Financial income75/76B | - | €12 | €242 | €77 | €97 | ▲ 26.0% |
| Recurring financial income75 | €27 | €12 | €242 | €77 | €97 | ▲ 26.0% |
| Financial charges65/66B | - | €2,125 | €1,757 | €2,881 | €1,768 | ▼ 38.6% |
| Recurring financial charges65 | €1,278 | €2,125 | €1,757 | €2,881 | €1,768 | ▼ 38.6% |
| Profit (loss) for the period before taxes9903 | €459 | -€30,238 | €6,441 | €1,556 | -€11,007 | ▼ 807% |
| Income taxes67/77 | €8 | - | - | - | - | - |
| Profit (loss) for the period9904 | €451 | -€30,238 | €6,441 | €1,556 | -€11,007 | ▼ 807% |
| Profit (loss) for the period to be appropriated9905 | €451 | -€30,238 | €6,441 | €1,556 | -€11,007 | ▼ 807% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,046 | €153,299 | €149,826 | €118,642 | €103,234 | ▼ 13.0% |
| Fixed assets21/28 | €11,999 | €3,497 | €1,555 | €372 | €1,467 | ▲ 294% |
| Tangible fixed assets22/27 | €11,999 | €3,497 | €1,555 | €372 | €1,467 | ▲ 294% |
| Plant, machinery and equipment23 | - | €65 | - | - | - | - |
| Furniture and vehicles24 | - | €3,432 | €1,555 | €372 | €1,467 | ▲ 294% |
| Current assets29/58 | €147,047 | €149,802 | €148,270 | €118,270 | €101,766 | ▼ 14.0% |
| Stocks and contracts in progress3 | €117,279 | €130,705 | €126,009 | €96,108 | €70,327 | ▼ 26.8% |
| Stocks30/36 | - | €130,705 | €126,009 | €96,108 | €70,327 | ▼ 26.8% |
| Amounts receivable within one year40/41 | €6,554 | €1,187 | €4,500 | €15,065 | €21,064 | ▲ 39.8% |
| Trade receivables40 | - | €537 | - | - | - | - |
| Other amounts receivable41 | - | €650 | €4,500 | €15,065 | €21,064 | ▲ 39.8% |
| Cash at bank and in hand54/58 | €22,964 | €17,659 | €17,510 | €6,847 | €10,125 | ▲ 47.9% |
| Deferred charges and accrued income490/1 | - | €250 | €250 | €250 | €250 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,046 | €153,299 | €149,826 | €118,642 | €103,234 | ▼ 13.0% |
| Equity10/15 | €17,501 | -€12,737 | -€6,296 | -€4,740 | -€15,747 | ▼ 232% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€4,499 | -€34,737 | -€28,296 | -€26,740 | -€37,747 | ▼ 41.2% |
| Amounts payable17/49 | €141,545 | €166,036 | €156,122 | €123,383 | €118,981 | ▼ 3.6% |
| Amounts payable after more than one year17 | - | €21,667 | €15,000 | €15,000 | - | - |
| Financial debts170/4 | - | €21,667 | €15,000 | €15,000 | - | - |
| Amounts payable within one year42/48 | €141,545 | €144,370 | €42,275 | €12,924 | €20,814 | ▲ 61.0% |
| Current portion of amounts payable after more than one year42 | - | €8,333 | €10,000 | €2,983 | €5,000 | ▲ 67.6% |
| Financial debts43 | - | €2,472 | €3,873 | €220 | €416 | ▲ 89.0% |
| Credit institutions430/8 | - | €2,472 | €3,873 | €220 | €416 | ▲ 89.0% |
| Trade debts44 | €23,179 | €25,606 | €22,663 | €2,330 | €5,850 | ▲ 151% |
| Suppliers440/4 | - | €25,606 | €22,663 | €2,330 | €5,850 | ▲ 151% |
| Taxes, remuneration and social security45 | - | €1,649 | €5,739 | €7,390 | €9,547 | ▲ 29.2% |
| Taxes450/3 | - | €1,649 | €4,968 | €5,808 | €9,547 | ▲ 64.4% |
| Remuneration and social security454/9 | - | - | €772 | €1,582 | - | - |
| Other amounts payable47/48 | - | €106,309 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €98,846 | €95,458 | €98,167 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €451 | -€30,238 | €6,441 | €1,556 | -€11,007 | ▼ 807% |
| + Depreciation and write-downs630 | €10,641 | €10,499 | €1,942 | €1,183 | €698 | ▼ 41.0% |
| Operating cash flow (approximation) | €11,092 | -€19,739 | €8,383 | €2,739 | -€10,309 | ▼ 476% |
| Investment in fixed assets (approximation) | - | -€1,997 | €0 | €0 | -€1,793 | - |
| Change in cash | - | -€5,305 | -€149 | -€10,663 | €3,278 | ▲ 131% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 38 days late
31-01
Financial
Liquidity triplescurrent ratio 9.15
Current ratio from 3.51 to 9.15; short-term debt falls from €42,275 to €12,924.
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 334 days late
31-01
Financial
Back to profitnet €6,441
Net result €6,441 after one loss-making year.
31-01
Financial
Liquidity triplescurrent ratio 3.51
Current ratio from 1.04 to 3.51; short-term debt falls from €144,370 to €42,275.
2022
31-01
Financial
Weakest financial yearnet -€30,238
Net result drops to -€30,238, the lowest in the series; recovery starts the following year.
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 326 days late
31-01
Financial
Back to profitnet €451
Net result €451 after one loss-making year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2013
Ground area
1,789 m²
Building footprint
698 m²
Volume, LiDAR
12,482 m³
2 parcels, Flanders · tallest building 26.6 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ensor 14
since 20132.222.390.259
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0173/00K000 | Flanders | 1,633 m² | 1 · 582 m² | 20.0 m · 6 fl. |
| 35013A0204/00B000 | Flanders | 155 m² | 1 · 116 m² | 26.6 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Similar companies · same sector, comparable size
MISS JOLLY
BE 0455.605.634
Willebroek · Eq €17,503
LM BRANDS INTERNATIONAL
BE 0750.910.652
Schilde · Eq €17,587
GECE
BE 0729.895.207
Brugge · Eq €17,647
BABAR Trinité
BE 0832.775.187
Elsene · Eq €17,662
Koike
BE 0692.819.530
Oostende · Eq €17,119
Of 2,215 companies in sector 47711 we hold annual accounts for 888. 589 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 (pre-2019)
Founded17-07-2013
Fiscal year end31-01
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47714Retail trade
47715Retail trade
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537549353
Also
9925:BE0537549353
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.