ENTHU
ActiveSummary
ENTHU has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €36k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency91=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 2.86 in 2024; short-term debt: 31% and cash: 70.9% of total assets), and 33.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.4%
Return on assets
68.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
38 d early
2023
44 d early
2022
49 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▼ 2.1%
2024 · €36k
2022: €22klowest in 4 years
2023: €49k▲ +124% vs 2022highest in 4 years
2024: €36k▼ -26.7% vs 2023
2025: €35k▼ -2.1% vs 2024
2022 → 2025
Total assets
€53k▼ 3.4%
2024 · €55k
2022: €64k
2023: €81k▲ +26.7% vs 2022highest in 4 years
2024: €55k▼ -32.4% vs 2023
2025: €53k▼ -3.4% vs 2024lowest in 4 years
2022 → 2025
Net result
€36k
2024 · €-13k
2022: €17k
2023: €27k▲ +61.4% vs 2022
2024: €-13k▼ -148% vs 2023lowest in 4 years
2025: €36k▲ +376% vs 2024highest in 4 years
2022 → 2025
Working capital
€32k▲ 21.6%
2024 · €27k
2022: €8klowest in 4 years
2023: €38k▲ +380% vs 2022highest in 4 years
2024: €27k▼ -29.2% vs 2023
2025: €32k▲ +21.6% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€22k-€49k▲ 124%€36k▼ 26.7%€35k▼ 2.1%
2022: €22klowest in 4 years
2023: €49k▲ +124% vs 2022highest in 4 years
2024: €36k▼ -26.7% vs 2023
2025: €35k▼ -2.1% vs 2024
Operating result€22k-€35k▲ 58.6%€-12k€43k
2022: €22k
2023: €35k▲ +58.6% vs 2022
2024: €-12k▼ -135% vs 2023lowest in 4 years
2025: €43k▲ +450% vs 2024highest in 4 years
Net result€17k-€27k▲ 61.4%€-13k€36k
2022: €17k
2023: €27k▲ +61.4% vs 2022
2024: €-13k▼ -148% vs 2023lowest in 4 years
2025: €36k▲ +376% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €43k after a loss of €12k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€4k ▼ 69.9%
Current assets
€49k ▲ 19.3%
Equity and liabilities €53k
Equity
€35k ▼ 2.1%
Debt
€18k ▼ 5.8%
Debt's share of the balance-sheet total falls from 34.4% to 33.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▲
2024 · €-3k
Cash flow
€46k▲
2024 · €-3k
Current ratio
2.97▲
2024 · 2.86
Debt to equity
0.51▼
2024 · 0.52
ROE
103.0%▲
2024 · -36.5%
ROA
68.4%▲
2024 · -23.9%
Interest coverage
161.93▲
2024 · -4.44
Debt ≤ 1 year
€16k▲
2024 · €14k
Debt > 1 year
€1k▼
2024 · €5k
Income taxes
€7k▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€55k€53k▼
Fixed assets21/28€14k€4k▼
Tangible fixed assets22/27€14k€4k▼
Plant, machinery and equipment23€3k€2k▼
Leasing and similar rights25€11k€3k▼
Current assets29/58€41k€49k▲
Amounts receivable within one year40/41€10k€9k▼
Trade receivables40€6k€9k▲
Other amounts receivable41€4k€372▼
Cash at bank and in hand54/58€30k€38k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€55k€53k▼
Equity10/15€36k€35k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€31k€30k▼
Amounts payable17/49€19k€18k▼
Amounts payable after more than one year17€5k€1k▼
Financial debts170/4€5k€1k▼
Amounts payable within one year42/48€14k€16k▲
Current portion of amounts payable after more than one year42€8k€3k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€0€6k▲
Taxes450/3€0€6k▲
Remuneration and social security454/9€0€0▼
Other amounts payable47/48€5k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-1k€55k▲
Operating profit (loss)9901€-12k€43k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€601€328▼
Recurring financial charges65€601€328▼
Profit (loss) for the period before taxes9903€-13k€43k▲
Income taxes67/77€128€7k▲
Profit (loss) for the period9904€-13k€36k▲
Profit (loss) for the period to be appropriated9905€-13k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€67k▲
Profit (loss) brought forward from the previous period14P€44k€31k▼
Profit to be distributed694/7-€37k
Return on contributions (dividend)694-€37k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €10k | €10k | €10k | = |
| Other operating charges640/8 | €1k | €927 | €1k | €2k | ▲ 6.1% |
| Gross operating margin9900 | €31k | €46k | €-1k | €55k | ▲ 4,584% |
| Operating profit (loss)9901 | €22k | €35k | €-12k | €43k | ▲ 450% |
| Financial income75/76B | €1 | €0 | €0 | €0 | - |
| Recurring financial income75 | €1 | €0 | €0 | €0 | - |
| Financial charges65/66B | €748 | €735 | €601 | €328 | ▼ 45.4% |
| Recurring financial charges65 | €748 | €735 | €601 | €328 | ▼ 45.4% |
| Profit (loss) for the period before taxes9903 | €22k | €35k | €-13k | €43k | ▲ 432% |
| Income taxes67/77 | €5k | €8k | €128 | €7k | ▲ 5,262% |
| Profit (loss) for the period9904 | €17k | €27k | €-13k | €36k | ▲ 376% |
| Profit (loss) for the period to be appropriated9905 | €17k | €27k | €-13k | €36k | ▲ 376% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64k | €81k | €55k | €53k | ▼ 3.4% |
| Fixed assets21/28 | €33k | €24k | €14k | €4k | ▼ 69.9% |
| Tangible fixed assets22/27 | €33k | €24k | €14k | €4k | ▼ 69.9% |
| Plant, machinery and equipment23 | €6k | €4k | €3k | €2k | ▼ 45.0% |
| Leasing and similar rights25 | €28k | €19k | €11k | €3k | ▼ 76.5% |
| Current assets29/58 | €31k | €57k | €41k | €49k | ▲ 19.3% |
| Amounts receivable within one year40/41 | €16k | €1k | €10k | €9k | ▼ 5.7% |
| Trade receivables40 | €15k | €1k | €6k | €9k | ▲ 63.1% |
| Other amounts receivable41 | €1k | €0 | €4k | €372 | ▼ 91.7% |
| Cash at bank and in hand54/58 | €12k | €54k | €30k | €38k | ▲ 26.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | €1k | €2k | ▲ 57.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64k | €81k | €55k | €53k | ▼ 3.4% |
| Equity10/15 | €22k | €49k | €36k | €35k | ▼ 2.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €17k | €44k | €31k | €30k | ▼ 2.5% |
| Amounts payable17/49 | €42k | €32k | €19k | €18k | ▼ 5.8% |
| Amounts payable after more than one year17 | €19k | €12k | €5k | €1k | ▼ 70.4% |
| Financial debts170/4 | €19k | €12k | €5k | €1k | ▼ 70.4% |
| Amounts payable within one year42/48 | €23k | €20k | €14k | €16k | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | €7k | €7k | €8k | €3k | ▼ 57.5% |
| Trade debts44 | €1k | €971 | €2k | €2k | ▲ 22.4% |
| Suppliers440/4 | €1k | €971 | €2k | €2k | ▲ 22.4% |
| Taxes, remuneration and social security45 | €9k | €6k | €0 | €6k | ▲ 58,244,000% |
| Taxes450/3 | €7k | €6k | €0 | €6k | - |
| Remuneration and social security454/9 | €3k | €0 | €0 | €0 | ▼ 100% |
| Other amounts payable47/48 | €5k | €5k | €5k | €5k | ▲ 6.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €27k | €-13k | €36k | ▲ 376% |
| + Depreciation and write-downs630 | €7k | €10k | €10k | €10k | = |
| Operating cash flow (approximation) | €24k | €37k | €-3k | €46k | ▲ 1,455% |
| Investment in fixed assets (approximation) | - | €-200 | €0 | €0 | - |
| Change in cash | - | €42k | €-24k | €8k | ▲ 132% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.89
Current ratio from 1.34 to 2.89; short-term debt falls from €23k to €20k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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.
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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, Antwerpen · 1 establishment unit since 2021
Ground area
1,514 m²
Building footprint
629 m²
Volume, LiDAR
10,412 m³
Parcel 11806F1388/00B005, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ENTHU
since 20212.324.427.430
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1388/00B005 | Flanders | 1,514 m² | 1 · 629 m² | 19.7 m · 6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 795 EUR awarded · 795 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 795 EUR | 795 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,276 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
Founded27-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
82990Other business support services
85599Other education
85699Other educational support services
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.