Equity
ENTHU paid out €37,000 in dividends. That is 102% of the 2025 profit.
In July 2024, 26,969 companies had the same profile as ENTHU has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,969 companies, not a prediction for ENTHU. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ENTHU Antwerp | €52,979 | €54,693 | 66.4% | - |
| OVDB Consultancy Antwerp | €54,907 | €52,685 | 3.6% | - |
| LUPINE Antwerp | €54,693 | €51,126 | 2.7% | - |
| DHEYCO Antwerp | €51,121 | €48,375 | 7.8% | - |
| Percepsus Research Antwerp | €57,710 | €51,592 | 70.9% | - |
| OLIPA Bruges | €60,090 | €53,412 | 63.6% | - |
| MAC AND FREEZE Mons | €58,956 | €55,972 | 26.9% | - |
These companies have the same main activity as ENTHU: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €51,100 and €60,100, founded between 2021 and 2022.
ENTHU files the micro format. That format states no turnover. The gross margin rose from €30,649 in 2022 to €54,693 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €100,000 and €150,000.
Higher than 62% of 9,119 companies in 2025.
Higher than 63% of 8,757 companies in 2025.
Higher than 95% of 8,885 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
52,979 | 54,832 | 81,134 | 64,052 | |
21/28 |
4,194 | 13,925 | 23,656 | 33,387 | |
22/27 |
4,194 | 13,925 | 23,656 | 33,387 | |
23 |
1,605 | 2,918 | 4,232 | 5,545 | |
25 |
2,589 | 11,007 | 19,424 | 27,842 | |
29/58 |
48,785 | 40,907 | 57,478 | 30,665 | |
40/41 |
9,489 | 10,062 | 1,474 | 15,791 | |
40 |
9,117 | 5,588 | 1,474 | 14,529 | |
41 |
372 | 4,473 | 0 | 1,262 | |
54/58 |
37,569 | 29,751 | 54,163 | 12,498 | |
490/1 |
1,726 | 1,095 | 1,842 | 2,376 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
52,979 | 54,832 | 81,134 | 64,052 | |
10/15 |
35,195 | 35,957 | 49,081 | 21,866 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
30,195 | 30,957 | 44,081 | 16,866 | |
17/49 |
17,785 | 18,875 | 32,053 | 42,185 | |
17 |
1,355 | 4,578 | 12,168 | 19,355 | |
170/4 |
1,355 | 4,578 | 12,168 | 19,355 | |
42/48 |
16,430 | 14,297 | 19,885 | 22,830 | |
42 |
3,223 | 7,590 | 7,387 | 7,190 | |
44 |
1,948 | 1,591 | 971 | 1,195 | |
440/4 |
1,948 | 1,591 | 971 | 1,195 | |
45 |
5,824 | 0 | 6,498 | 9,331 | |
450/3 |
5,824 | 0 | 6,498 | 6,831 | |
454/9 |
0 | 0 | 0 | 2,500 | |
47/48 |
5,434 | 5,116 | 5,028 | 5,114 | |
| Income statement | |||||
9900 |
54,693 | -1,220 | 46,308 | 30,649 | |
630 |
9,731 | 9,731 | 9,931 | 6,851 | |
640/8 |
1,532 | 1,445 | 927 | 1,448 | |
9901 |
43,429 | -12,396 | 35,450 | 22,351 | |
75/76B |
0 | 0 | 0 | 1 | |
75 |
0 | 0 | 0 | 1 | |
65/66B |
328 | 601 | 735 | 748 | |
65 |
328 | 601 | 735 | 748 | |
9903 |
43,101 | -12,996 | 34,715 | 21,604 | |
67/77 |
6,864 | 128 | 7,500 | 4,738 | |
9904 |
36,238 | -13,124 | 27,215 | 16,866 | |
9905 |
36,238 | -13,124 | 27,215 | 16,866 | |
| Appropriation of the result | |||||
9906 |
67,195 | 30,957 | 44,081 | 16,866 | |
14P |
30,957 | 44,081 | 16,866 | - | |
694/7 |
37,000 | - | - | - | |
694 |
37,000 | - | - | - | |
| Document | |||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 53,160 | -2,665 | 45,381 | 29,202 | ||
| 45,969 | -3,393 | 37,146 | 23,717 | ||
| 0 | 0 | 200 | 40,238 | ||
| 7,819 | -24,412 | 41,665 | - | ||
| 32,355 | 26,610 | 37,593 | 7,834 | ||
| 66.4% | 65.6% | 60.5% | 34.1% | ||
| 2.97 | 2.86 | 2.89 | 1.34 | ||
| 0.51 | 0.52 | 0.65 | 1.93 | ||
| 103.0% | -36.5% | 55.4% | 77.1% | ||
| 68.4% | -23.9% | 33.5% | 26.3% | ||
| over 100 | -4.44 | 61.78 | 39.04 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €200 | €40,238 |
| Financial fixed assets | €0 | - | - | - |
| €9,731 | €9,731 | €9,931 | €6,851 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €43,429, after a loss of €12,396 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total falls from 34.4% to 33.6%. Equity and debt are lower.
ENTHU has no parent and no holdings in its annual accounts. is the only director. ENTHU shares no director with another company.
| Lento Labs
registered office since 06-08-2019 · founded in 2019 · negative equity (2025) |
total assets €432,069 (2025) 0731.905.778 |
| NEUTRAL
registered office since 20-01-2011 · founded in 2011 |
total assets €223,955 (2026) 0833.158.140 |
| BABDOC
registered office since 01-01-2026 |
founded in 2025 1031.774.746 |
| Vereniging van Mede-eigenaars Residentie Zonnerode te Antwerpen, Hoek Haringrodestraat en Zonnewijzerstraat
registered office since 01-06-2010 |
founded in 2010 0825.667.958 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Haringrodestraat 54 registered office 2018 Antwerp 58110 Book publishing | 27-10-2021 | 2.324.427.430 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1388/00B005 | 1,514 m² | 1 · 629 m² | 19.7 m · 6 |
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