ENTACO
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00391260.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 45 filings
Turnover
€15.1m▲ 4.7%
2024 · €14.4m
EBIT margin
9.8%▼ 5.2pp
2024 · 15.0%
Net result
€1.0m▼ 32.7%
2024 · €1.5m
Working capital
€9.4m▲ 11.6%
2024 · €8.4m
In the rankings
#10 company by staff growth in East Flanders, Chemicals sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€15.1m
▲ 4.7%
2025
20182025
Operating result
€1.5m
▼ 31.6%
2025
20182025
Net result
€1.0m
▼ 32.7%
2025
middle half of the sector
20182025
EBIT margin
9.8%
▼ 5.2pp
2025
20182025
Equity
€8.6m
▲ 13.8%
2025
middle half of the sector
20182025
Total assets
€23.8m
▲ 2.1%
2025
middle half of the sector
20182025
Debt
€14.8m
▼ 3.6%
2025
20182025
Working capital
€9.4m
▲ 11.6%
2025
middle half of the sector
20182025
Solvency
36.0%
▲ 3.7pp
2025
middle half of the sector
20182025
Current ratio
5.25
▲ 0.68
2025
highest quarter of the sector
20182025
Return on assets (ROA)
4.4%
▼ 2.3pp
2025
middle half of the sector
20182025
Staff (FTE)
23.5
▲ 14.6%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€10.8m-€10.4m▼ 3.1%€10.5m▲ 1.2%€11.9m▲ 12.8%€12.7m▲ 6.7%€13.6m▲ 7.0%€14.4m▲ 6.2%€15.1m▲ 4.7%
Operating result€0.3m-€0.4m▲ 37.6%€0.9m▲ 113%€0.7m▼ 27.1%€0.7m▲ 0.2%€1.3m▲ 91.6%€2.2m▲ 64.4%€1.5m▼ 31.6%
Net result€0.2m-€0.3m▲ 73.6%€0.7mwithin the sector's middle half▲ 142%€0.5mwithin the sector's middle half▼ 30.8%€0.5mwithin the sector's middle half▲ 9.1%€0.9mwithin the sector's middle half▲ 78.5%€1.5mwithin the sector's middle half▲ 63.6%€1.0mwithin the sector's middle half▼ 32.7%
EBIT margin3.0%-4.2%▲ 1.3pp8.9%▲ 4.7pp5.8%▼ 3.2pp5.4%▼ 0.4pp9.7%▲ 4.3pp15.0%▲ 5.3pp9.8%▼ 5.2pp
Equity€3.1m-€3.3m▲ 9.5%€4.0mwithin the sector's middle half▲ 20.9%€4.5mwithin the sector's middle half▲ 12.0%€5.1mwithin the sector's middle half▲ 11.7%€6.0mwithin the sector's middle half▲ 18.6%€7.5mwithin the sector's middle half▲ 25.7%€8.6mwithin the sector's middle half▲ 13.8%
Total assets€6.1m-€5.7m▼ 6.5%€6.3mwithin the sector's middle half▲ 9.6%€6.4mwithin the sector's middle half▲ 1.6%€9.4mwithin the sector's middle half▲ 46.6%€20.7mwithin the sector's middle half▲ 121%€23.3mwithin the sector's middle half▲ 12.5%€23.8mwithin the sector's middle half▲ 2.1%
Debt€2.8m-€2.2m▼ 22.5%€2.0m▼ 6.7%€1.7m▼ 18.6%€4.0m▲ 141%€14.0m▲ 250%€15.4m▲ 9.5%€14.8m▼ 3.6%
Working capital€3.9m-€3.9m▲ 1.1%€4.6mwithin the sector's middle half▲ 17.4%€4.4mwithin the sector's middle half▼ 4.3%€4.7mwithin the sector's middle half▲ 7.6%€6.5mwithin the sector's middle half▲ 37.4%€8.4mwithin the sector's middle half▲ 29.5%€9.4mwithin the sector's middle half▲ 11.6%
Solvency49.7%-58.3%▲ 8.5pp64.2%within the sector's middle half▲ 6.0pp70.8%above the sector's middle half▲ 6.5pp53.9%within the sector's middle half▼ 16.9pp28.9%within the sector's middle half▼ 25.0pp32.3%within the sector's middle half▲ 3.4pp36.0%within the sector's middle half▲ 3.7pp
Current ratio3.09-3.95▲ 0.854.83above the sector's middle half▲ 0.884.04above the sector's middle half▼ 0.793.60above the sector's middle half▼ 0.433.35above the sector's middle half▼ 0.264.57above the sector's middle half▲ 1.225.25above the sector's middle half▲ 0.68
Return on assets (ROA)2.7%-5.0%▲ 2.3pp11.1%above the sector's middle half▲ 6.1pp7.6%within the sector's middle half▼ 3.5pp5.6%within the sector's middle half▼ 1.9pp4.5%within the sector's middle half▼ 1.1pp6.6%within the sector's middle half▲ 2.1pp4.4%within the sector's middle half▼ 2.3pp
Staff (FTE)20.5-22.9▲ 11.7%23.4within the sector's middle half▲ 2.2%21.5within the sector's middle half▼ 8.1%21.6within the sector's middle half▲ 0.5%20within the sector's middle half▼ 7.4%20.5within the sector's middle half▲ 2.5%23.5within the sector's middle half▲ 14.6%
above
within
below
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 32% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.8m
Fixed assets
€12.1m ▼ 2.7%
Current assets
€11.6m ▲ 7.7%
Equity and liabilities €23.8m
Equity
€8.6m ▲ 13.8%
Provisions
€380,000 =
Debt
€14.8m ▼ 3.6%
Debt's share of the balance-sheet total falls from 66.0% to 62.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.5m▼
2024 · €3.0m
Cash flow
€2.1m▼
2024 · €2.4m
Quick ratio
3.84▲
2024 · 3.69
Debt to equity
1.73▼
2024 · 2.04
ROE
12.1%▼
2024 · 20.5%
Interest coverage
14.53▼
2024 · 14.57
Debt ≤ 1 year
€2.2m▼
2024 · €2.4m
Debt > 1 year
€12.6m▼
2024 · €13.0m
Income taxes
€371,774▼
2024 · €566,131
Customer credit
61 days▼
2024 · 67 days
Supplier credit
48 days▼
2024 · 48 days
Staff costs
€2.1m▲
2024 · €1.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 21 | 24 | 19 | 22 | 25 |
| full-time | 19 | 20 | 16 | 16 | 20 |
| part-time | 2 | 4 | 3 | 6 | 5 |
| in full-time equivalents | 20.4 | 22.8 | 18.1 | 20.2 | 23.5 |
| Average over the year, in full-time equivalents | 21.5 | 21.6 | 20 | 20.5 | 22.9 |
| On a permanent contract | 21 | 24 | 19 | 22 | 25 |
| Joined | 2 | 6 | 1 | 7 | 9 |
| Left | 3 | 3 | 6 | 4 | 6 |
| Agency workers, average number | 2.4 | 3 | 2.5 | 2.1 | 4.9 |
| Training hours | 118 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €2.0m | €11.9m | €13.7m | €13.3m |
| Mortgages, amount registered | - | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | - | €14.5m | €14.5m | €14.5m | €14.5m |
| Carrying value of the mortgaged assets | - | €2.4m | €11.1m | €12.2m | €11.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €197,554 | €2.5m | €9.2m | €1.9m | €660,133 |
| Financial fixed assets | - | - | - | - | €60,810 |
| Depreciation and write-downs of the year | €133,839 | €213,440 | €610,632 | €866,790 | €1.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €6,840 | €6,840 | €8,175 | €8,400 | €8,400 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €24,852 awarded · €19,777 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €5,000 | €320 |
| 2024 | 2 | €5,932 | €5,537 |
| 2023 | 2 | €5,874 | €6,332 |
| 2022 | 2 | €8,046 | €7,588 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €11.9m | €13.2m | €13.4m | €14.5m | €15.9m | ▲ 9.6% |
| Turnover70 | €10.8m | €10.4m | €10.5m | €11.9m | €12.7m | €13.6m | €14.4m | €15.1m | ▲ 4.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.01m | €0.4m | -€0.4m | -€0.1m | €0.5m | - |
| Other operating income74 | - | - | - | €0.03m | €0.1m | €0.1m | €0.02m | €0.03m | ▲ 64.2% |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.2m | €0.2m | ▲ 44.3% |
| Operating charges60/66A | - | - | - | €11.3m | €12.5m | €12.0m | €12.3m | €14.4m | ▲ 16.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €6.8m | €7.8m | €6.5m | €6.2m | €7.4m | ▲ 19.8% |
| Purchases600/8 | - | - | - | €6.9m | €8.3m | €5.9m | €6.2m | €8.0m | ▲ 28.1% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.1m | -€0.5m | €0.5m | -€0.04m | -€0.6m | ▼ 1,198% |
| Services and other goods61 | - | - | - | €2.8m | €2.6m | €3.0m | €3.2m | €3.8m | ▲ 17.5% |
| Remuneration, social security and pensions62 | - | - | - | €1.5m | €1.7m | €1.6m | €1.8m | €2.1m | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.6m | €0.9m | €1.0m | ▲ 17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.002m | €0.01m | -€0.002m | -€0.01m | €0.01m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0.1m | €0.4m | -€0.3m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.05m | €0.04m | €0.05m | €0.05m | €0.08m | ▲ 65.3% |
| Non-recurring operating charges66A | - | - | - | - | €0.03m | €0.007m | €0.5m | €0 | ▼ 100% |
| Operating profit (loss)9901 | €0.3m | €0.4m | €0.9m | €0.7m | €0.7m | €1.3m | €2.2m | €1.5m | ▼ 31.6% |
| Financial income75/76B | - | - | - | €0.04m | €0.03m | €0.05m | €0.2m | €0.1m | ▼ 25.2% |
| Recurring financial income75 | €0.05m | €0.05m | €0.06m | €0.04m | €0.03m | €0.05m | €0.2m | €0.1m | ▼ 25.2% |
| Income from current assets751 | - | - | - | €0.003m | €0.003m | €0.03m | €0.1m | €0.1m | ▼ 21.9% |
| Other financial income752/9 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 40.0% |
| Financial charges65/66B | - | - | - | €0.03m | €0.01m | €0.08m | €0.2m | €0.2m | ▼ 12.1% |
| Recurring financial charges65 | €0.04m | €0.04m | €0.04m | €0.03m | €0.01m | €0.08m | €0.2m | €0.2m | ▼ 12.1% |
| Debt charges650 | €0.04m | €0.04m | €0.04m | €0.004m | €0.005m | €0.07m | €0.2m | €0.2m | ▼ 17.3% |
| Other financial charges652/9 | - | - | - | €0.02m | €0.007m | €0.006m | €0.006m | €0.02m | ▲ 160% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.4m | €1.0m | €0.7m | €0.7m | €1.3m | €2.1m | €1.4m | ▼ 33.1% |
| Income taxes67/77 | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.4m | €0.6m | €0.4m | ▼ 34.3% |
| Taxes670/3 | - | - | - | €0.2m | €0.2m | €0.4m | €0.6m | €0.4m | ▼ 34.3% |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.7m | €0.5m | €0.5m | €0.9m | €1.5m | €1.0m | ▼ 32.7% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €0.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.7m | €0.5m | €0.5m | €0.9m | €1.5m | €0.6m | ▼ 60.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.1m | €5.7m | €6.3m | €6.4m | €9.4m | €20.7m | €23.3m | €23.8m | ▲ 2.1% |
| Fixed assets21/28 | €0.4m | €0.5m | €0.5m | €0.5m | €2.8m | €11.4m | €12.5m | €12.1m | ▼ 2.7% |
| Tangible fixed assets22/27 | €0.4m | €0.5m | €0.5m | €0.5m | €2.8m | €11.4m | €12.5m | €12.1m | ▼ 3.2% |
| Land and buildings22 | - | - | - | - | - | - | - | €11.7m | - |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.1m | €0.08m | €0.04m | €0.1m | ▲ 175% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 47.6% |
| Other tangible fixed assets26 | - | - | - | €0.06m | €0.05m | €0.04m | €0.04m | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | €0.05m | €2.4m | €11.1m | €12.2m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.06m | ▲ 52× |
| Affiliated companies280/1 | - | - | - | - | - | - | - | €0.06m | - |
| Participating interests280 | - | - | - | - | - | - | - | €0.06m | - |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €5.7m | €5.3m | €5.8m | €5.9m | €6.6m | €9.3m | €10.8m | €11.6m | ▲ 7.7% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 123% |
| Other amounts receivable291 | - | - | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 123% |
| Stocks and contracts in progress3 | €2.0m | €2.3m | €2.1m | €2.2m | €3.0m | €2.1m | €2.1m | €3.1m | ▲ 52.1% |
| Stocks30/36 | - | - | - | €2.2m | €3.0m | €2.1m | €2.1m | €3.1m | ▲ 52.1% |
| Raw materials and consumables30/31 | - | - | - | €1.3m | €1.7m | €1.2m | €1.4m | €2.0m | ▲ 42.2% |
| Finished goods33 | - | - | - | €0.6m | €1.0m | €0.6m | €0.5m | €1.0m | ▲ 97.5% |
| Goods purchased for resale34 | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 7.4% |
| Amounts receivable within one year40/41 | €2.3m | €2.2m | €2.1m | €2.5m | €2.3m | €3.1m | €2.8m | €2.9m | ▲ 4.9% |
| Trade receivables40 | - | - | - | €2.4m | €2.1m | €2.6m | €2.7m | €2.5m | ▼ 4.1% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.5m | €0.1m | €0.3m | ▲ 237% |
| Current investments50/53 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €4.1m | ▲ 913% |
| Own shares50 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Other investments51/53 | - | - | - | - | - | - | - | €3.7m | - |
| Cash at bank and in hand54/58 | €1.0m | €0.4m | €1.2m | €0.7m | €0.8m | €3.5m | €5.5m | €1.3m | ▼ 75.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.003m | €0.04m | €0.01m | ▼ 71.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.1m | €5.7m | €6.3m | €6.4m | €9.4m | €20.7m | €23.3m | €23.8m | ▲ 2.1% |
| Equity10/15 | €3.1m | €3.3m | €4.0m | €4.5m | €5.1m | €6.0m | €7.5m | €8.6m | ▲ 13.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €3.0m | ▲ 16.4% |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Own shares acquired1312 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tax-exempt reserves132 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.4m | ▲ 64× |
| Distributable reserves133 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Profit (loss) carried forward14 | €0.4m | €0.7m | €1.4m | €1.9m | €2.4m | €3.4m | €4.9m | €5.5m | ▲ 12.5% |
| Provisions and deferred taxes16 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.7m | €0.4m | €0.4m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.3m | €0.7m | €0.4m | €0.4m | = |
| Other liabilities and charges164/5 | - | - | - | €0.2m | €0.3m | €0.7m | €0.4m | €0.4m | = |
| Amounts payable17/49 | €2.8m | €2.2m | €2.0m | €1.7m | €4.0m | €14.0m | €15.4m | €14.8m | ▼ 3.6% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.8m | €0.2m | €2.2m | €11.3m | €13.0m | €12.6m | ▼ 3.1% |
| Financial debts170/4 | - | - | - | €0.2m | €2.2m | €11.3m | €13.0m | €12.6m | ▼ 3.1% |
| Credit institutions173 | - | - | - | - | €2.0m | €11.3m | €13.0m | €12.6m | ▼ 3.1% |
| Other loans174 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.9m | €1.3m | €1.2m | €1.5m | €1.8m | €2.8m | €2.4m | €2.2m | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | €0.6m | €0.7m | €0.7m | ▲ 0.4% |
| Trade debts44 | €1.2m | €0.7m | €0.7m | €1.0m | €1.3m | €1.5m | €0.8m | €1.0m | ▲ 18.9% |
| Suppliers440/4 | - | - | - | €1.0m | €1.3m | €1.5m | €0.8m | €1.0m | ▲ 18.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.6m | €0.2m | ▼ 58.1% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.07m | €0.3m | €0.02m | ▼ 93.4% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 24.3% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.5m | €0.3m | €0.3m | ▲ 4.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | €0.004m | €0.009m | ▲ 93.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.7m | €0.5m | €0.5m | €0.9m | €1.5m | €1.0m | ▼ 32.7% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.6m | €0.9m | €1.0m | ▲ 17.8% |
| Operating cash flow (approximation) | €0.3m | €0.5m | €0.9m | €0.6m | €0.7m | €1.6m | €2.4m | €2.1m | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.2m | -€0.2m | -€2.5m | -€9.2m | -€1.9m | -€0.7m | ▲ 65.1% |
| Change in cash | - | -€0.7m | €0.8m | -€0.5m | €0.1m | €2.7m | €1.9m | -€4.1m | - |
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, 14,766 companies had the same profile as ENTACO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ENTACO itself: 0.2% 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 14,766 companies, not a prediction for ENTACO. 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 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-08-2026 | 2026-00391260 | |
| 31-12-2024 | full format | 03-07-2025 | 2025-00245259 | |
| 31-12-2023 | full format | 12-08-2024 | 2024-00346820 | |
| 31-12-2022 | full format | 13-07-2023 | 2023-00242142 | |
| 31-12-2021 | full format | 28-07-2022 | 2022-20238822 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-42100596 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-47900334 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59600050 | |
| 31-12-2017 | full format | 04-09-2018 | 2018-61700050 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-56500270 |