Enteco
ActiveSummary
Enteco has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €590,442 and a net result of €174,209. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-5
Solvency64▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.1 against 2.47 in 2023; short-term debt: 47.4% and cash: 51% of total assets), but 61.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
26 d early
2022
28 d early
2021
33 d early
2020
25 d early
2019
28 d early
← 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 27 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€590,442▼ 27.7%
2023 · €816,232
Total assets
€1.5m▼ 8.2%
2023 · €1.7m
Net result
€174,209▼ 33.5%
2023 · €261,863
Working capital
€797,923▼ 19.2%
2023 · €986,952
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€113,735€93,879▼ 17.5%€298,641▲ 218%€368,947▲ 23.5%€239,511▼ 35.1%
Net result€103,449€85,775▼ 17.1%€263,928▲ 208%€261,863▼ 0.8%€174,209▼ 33.5%
Equity€204,666▲ 102%€290,441▲ 41.9%€554,370▲ 90.9%€816,232▲ 47.2%€590,442▼ 27.7%
Total assets€821,605▲ 18.1%€889,089▲ 8.2%€1.3m▲ 43.3%€1.7m▲ 30.3%€1.5m▼ 8.2%
Debt€613,965▲ 3.8%€595,673▼ 3.0%€719,752▲ 20.8%€843,830▲ 17.2%€933,780▲ 10.7%
Working capital€308,364▲ 79.8%€413,312▲ 34.0%€699,882▲ 69.3%€986,952▲ 41.0%€797,923▼ 19.2%
Staff (FTE)3.7▲ 2.8%3.6▼ 2.7%3.6=3.8▲ 5.6%3.6▼ 5.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result +208%, Equity +91% on 2021. Cause not known from the registers.
- 2020 Equity +102% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€3,870 =
Current assets
€1.5m ▼ 8.2%
Equity and liabilities €1.5m
Equity
€590,442 ▼ 27.7%
Debt
€933,780 ▲ 10.7%
Debt's share of the balance-sheet total rises from 50.8% to 61.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€239,511▼
2023 · €369,310
Cash flow
€174,209▼
2023 · €262,225
Current ratio
2.10▼
2023 · 2.47
Debt to equity
1.58▲
2023 · 1.03
ROE
29.5%▼
2023 · 32.1%
ROA
11.4%▼
2023 · 15.8%
Interest coverage
32.72▼
2023 · 74.69
Debt ≤ 1 year
€722,428▲
2023 · €669,241
Income taxes
€62,569▼
2023 · €102,176
Staff costs
€296,752▼
2023 · €324,062
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 497,058 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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €275,839 | €287,721 | €324,062 | €296,752 | ▼ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72 | €72 | €72 | €362 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €381 | -€608 | €1,650 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€2,975 | €0 | - | - |
| Other operating charges640/8 | - | €3,059 | €4,667 | €1,241 | €6,294 | ▲ 407% |
| Gross operating margin9900 | €386,794 | €373,230 | €587,519 | €696,262 | €542,557 | ▼ 22.1% |
| Operating profit (loss)9901 | €113,735 | €93,879 | €298,641 | €368,947 | €239,511 | ▼ 35.1% |
| Financial income75/76B | - | €105 | €2 | €35 | €4,588 | ▲ 12,890% |
| Recurring financial income75 | €0 | €105 | €2 | €35 | €4,588 | ▲ 12,890% |
| Financial charges65/66B | - | €7,853 | €8,292 | €4,944 | €7,320 | ▲ 48.1% |
| Recurring financial charges65 | €9,995 | €7,853 | €8,292 | €4,944 | €7,320 | ▲ 48.1% |
| Profit (loss) for the period before taxes9903 | €103,739 | €86,131 | €290,350 | €364,038 | €236,779 | ▼ 35.0% |
| Income taxes67/77 | €290 | €356 | €26,422 | €102,176 | €62,569 | ▼ 38.8% |
| Profit (loss) for the period9904 | €103,449 | €85,775 | €263,928 | €261,863 | €174,209 | ▼ 33.5% |
| Profit (loss) for the period to be appropriated9905 | €103,449 | €85,775 | €263,928 | €261,863 | €174,209 | ▼ 33.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €821,605 | €889,089 | €1.3m | €1.7m | €1.5m | ▼ 8.2% |
| Fixed assets21/28 | €6,856 | €6,783 | €6,711 | €3,870 | €3,870 | = |
| Tangible fixed assets22/27 | €507 | €435 | €362 | €0 | - | - |
| Furniture and vehicles24 | - | €435 | €362 | €0 | - | - |
| Financial fixed assets28 | €6,349 | €6,349 | €6,349 | €3,870 | €3,870 | = |
| Current assets29/58 | €814,749 | €882,305 | €1.3m | €1.7m | €1.5m | ▼ 8.2% |
| Amounts receivable within one year40/41 | €699,012 | €762,676 | €1.0m | €977,242 | €738,007 | ▼ 24.5% |
| Trade receivables40 | - | €754,920 | €1.0m | €974,425 | €695,673 | ▼ 28.6% |
| Other amounts receivable41 | - | €7,756 | €8,268 | €2,817 | €42,335 | ▲ 1,403% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €112,255 | €116,326 | €242,650 | €674,876 | €776,780 | ▲ 15.1% |
| Deferred charges and accrued income490/1 | - | €3,304 | €3,761 | €4,073 | €5,564 | ▲ 36.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €821,605 | €889,089 | €1.3m | €1.7m | €1.5m | ▼ 8.2% |
| Equity10/15 | €204,666 | €290,441 | €554,370 | €816,232 | €590,442 | ▼ 27.7% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €826,719 | €826,719 | €826,719 | €826,719 | €426,719 | ▼ 48.4% |
| Non-distributable reserves130/1 | - | €7,723 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Own shares acquired1312 | - | €223 | €0 | - | - | - |
| Distributable reserves133 | - | €818,996 | €819,219 | €819,219 | €419,219 | ▼ 48.8% |
| Profit (loss) carried forward14 | -€697,053 | -€611,278 | -€347,349 | -€85,487 | €88,723 | ▲ 204% |
| Provisions and deferred taxes16 | €2,975 | €2,975 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €2,975 | €0 | - | - | - |
| Pensions and similar obligations160 | - | €2,975 | €0 | - | - | - |
| Amounts payable17/49 | €613,965 | €595,673 | €719,752 | €843,830 | €933,780 | ▲ 10.7% |
| Amounts payable within one year42/48 | €506,385 | €468,993 | €567,529 | €669,241 | €722,428 | ▲ 7.9% |
| Trade debts44 | €396,213 | €406,032 | €484,010 | €493,895 | €247,625 | ▼ 49.9% |
| Suppliers440/4 | - | €406,032 | €484,010 | €493,895 | €247,625 | ▼ 49.9% |
| Taxes, remuneration and social security45 | - | €62,961 | €83,518 | €175,346 | €74,803 | ▼ 57.3% |
| Taxes450/3 | - | €32,640 | €51,968 | €137,004 | €40,459 | ▼ 70.5% |
| Remuneration and social security454/9 | - | €30,322 | €31,550 | €38,343 | €34,344 | ▼ 10.4% |
| Other amounts payable47/48 | - | €0 | - | - | €400,000 | - |
| Accrued charges and deferred income492/3 | - | €126,680 | €152,223 | €174,589 | €211,352 | ▲ 21.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,449 | €85,775 | €263,928 | €261,863 | €174,209 | ▼ 33.5% |
| + Depreciation and write-downs630 | €72 | €72 | €72 | €362 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €103,521 | €85,848 | €264,001 | €262,225 | €174,209 | ▼ 33.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €2,479 | €0 | ▼ 100% |
| Change in cash | - | €4,071 | €126,324 | €432,227 | €101,904 | ▼ 76.4% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €263,928 ▲208%
Net result €263,928, the highest in the series.
31-12
Financial
Equity above €500,000Eq €554,370 ▲90.9%
3 profitable years in a row build equity to €554,370.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €103,449
Net result €103,449 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €204,666 ▲102%
Equity rises from €101,217 to €204,666.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Antwerpen · 1 establishment unit since 1950
Ground area
3,436 m²
Building footprint
1,972 m²
Volume, LiDAR
23,607 m³
Parcel 11463D0280/00Z000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
42
companies at this address
See who is registered here
1 establishment unit
Boomsesteenweg 690, 2610 Antwerpen
since 19502.006.049.179
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0280/00Z000 | Flanders | 3,436 m² | 1 · 1,972 m² | 16.0 m · 4 fl. |
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.
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Of 472 companies in sector 46442 we hold annual accounts for 334. 236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404767934
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.