Equity
€20,648 ▲ 110%
Enthuse has made a profit in every financial year since 2023.
Enthuse
Overview
Lifetime
3 annual accounts with figures on one time axispeak €29,059 (2023)
€16,971▲ 76.4%
peak €20,572 (2023)
€10,798▲ 105%
peak €20,648 (2025)
€20,648▲ 110%
€20,229▼ 1.3%
Board1 name since 2022
1 directorSIMKENS Tine
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €9,622 to €16,971Result from €5,279 to €10,798Equity from €9,851 to €20,648Cash from €1,099 to €8,380
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 65% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026highest value
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.3 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 2.02, cash €8,380
Figures for financial year 2025 (filed on 27-07-2026)
Size: total assets €40,877
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 46% of them on solvency, 38% on liquidity, 84% on profitability and 90% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Enthuse has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
The bankruptcy probability of Enthuse itself is lower: < 0.1% within 12 months. It rests on far more data about Enthuse than the profile alone.
Test of the method
The method was tested on the 497,447 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 39,278 companies, not a prediction for Enthuse. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.02 (1.48 in 2024), above the usual 1.5. Short-term debt is 49.5% and cash 20.5% of total assets. 49.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 days early
2024
22 days early
2023
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 9 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0794435146
Incorporation
Founding capital of €2,000, 2,000 shares · Founder: SIMKENS Tine · Appointment: SIMKENS Tine (director) · published on 08-12-2022 · Gazette deed
First establishment
Voetbeeklaan 4, Kapellen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Enthuse Kapellen | €40,877 | €16,971 | 50.5% | - |
| JeBo Management Edegem | €37,133 | €16,832 | 59.5% | - |
| MAGS Vosselaar | €41,584 | €17,128 | 46.8% | - |
| Gaston Jacobs Consultancy Berlaar | €35,329 | €15,955 | 72.1% | - |
| Pharma & Finance Consulting Beerse | €42,184 | €14,707 | 79.1% | - |
| Nessa HR Consultancy Duffel | €48,404 | €18,381 | 43.9% | - |
| Guía for Growth Antwerp | €37,081 | €14,869 | 55.4% | - |
These companies have the same main activity as Enthuse: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €35,300 and €48,400, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 06-12-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.338.637.9302950 Kapellen, since 06-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-02-2025
Annual accounts 2025
- €16,971▲ 76.4%
- €10,798▲ 105%
- €20,648▲ 110%
- €40,877▲ 34.7%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on Enthuse
Enthuse files the micro format. That format states no turnover. The gross margin fell from €29,059 in 2023 to €16,971 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-07-2026, 4 days before the deadline€16,971
▲ 76.4%
€16,793
▲ 76.7%
€10,798
▲ 105%
€20,648
▲ 110%
50.5%
▲ 18.0 percentage points
2.02
▲ 0.54
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 ≈ €79,000. Estimated: probably between €38,000 and €160,000.
Balance sheet
balance sheet total €40,877 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
50.5%
Higher than 45% of 39,342 companies in 2025.
2.02
Higher than 49% of 38,027 companies in 2025.
26.4%
Higher than 67% of 38,499 companies in 2025.
Enthuse
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
40,877 | 30,345 | 23,661 | |
29/58 |
40,877 | 30,345 | 23,661 | |
40/41 |
31,838 | 29,058 | 16,488 | |
40 |
31,773 | 28,898 | 16,348 | |
41 |
65 | 160 | 140 | |
54/58 |
8,380 | 1,099 | 6,517 | |
490/1 |
660 | 188 | 656 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
40,877 | 30,345 | 23,661 | |
10/15 |
20,648 | 9,851 | 4,572 | |
10/11 |
2,000 | 2,000 | 2,000 | |
13 |
18,648 | 7,851 | 2,572 | |
133 |
18,648 | 7,851 | 2,572 | |
17/49 |
20,229 | 20,494 | 19,089 | |
42/48 |
20,229 | 20,494 | 19,089 | |
44 |
6,562 | 3,179 | 3,131 | |
440/4 |
6,562 | 3,179 | 3,131 | |
45 |
13,667 | 17,314 | 15,186 | |
450/3 |
13,667 | 17,314 | 15,186 | |
47/48 |
- | - | 772 | |
| Income statement | ||||
9900 |
16,971 | 9,622 | 29,059 | |
640/8 |
179 | 118 | 109 | |
9901 |
16,793 | 9,504 | 28,950 | |
75/76B |
- | 1 | - | |
75 |
- | 1 | - | |
65/66B |
218 | 170 | 827 | |
65 |
218 | 170 | 827 | |
9903 |
16,575 | 9,335 | 28,123 | |
67/77 |
5,777 | 4,056 | 7,551 | |
9904 |
10,798 | 5,279 | 20,572 | |
9905 |
10,798 | 5,279 | 20,572 | |
| Appropriation of the result | ||||
9906 |
10,798 | 5,279 | 20,572 | |
691/2 |
10,798 | 5,279 | 2,572 | |
6921 |
10,798 | 5,279 | 2,572 | |
694/7 |
- | - | 18,000 | |
694 |
- | - | 18,000 | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 7,281 | -5,418 | - | ||
| 20,648 | 9,851 | 4,572 | ||
| 50.5% | 32.5% | 19.3% | ||
| 2.02 | 1.48 | 1.24 | ||
| 0.98 | 2.08 | 4.18 | ||
| 52.3% | 53.6% | 450.0% | ||
| 26.4% | 17.4% | 86.9% |
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.
Insights on Enthuse
The operating result for 2025 is 77% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 67.5% to 49.5%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 08-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 27-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 08-12-2022
Mandates through the years
1 name, the dashed line is todaySIMKENS Tine
Director
Director
Board
Mandates as a list
- SIMKENS Tine
- Director, appointed by deed of 08-12-2022, still in office
Control
Founder
SIMKENS Tine
This company
Enthuse
Equity €20,648
Profit €10,798 in 2025
Capital
- Contribution
- €2,000
- Shares
- 2,000
- Contribution per share
- €1
- Equity per share
- €10.32 in 2025
- Source
- deed of 08-12-2022
Articles of association
deed of 08-12-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van openstelling intekening, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 08-12-2022 ↗
- SIMKENS Tine 2,000 shares (100%) · €2,000
Network & group
No group
Enthuse has no parent and no holdings in its annual accounts. SIMKENS Tine is the only director. Enthuse shares no director with another company.
At the same address
Voetbeeklaan 4, 2950 Kapellen · 2 other companies| International Automotive Solutions
registered office since 26-05-2011 · founded in 2011 |
total assets €182,352 (2025) 0836.575.213 |
| Simkens, Tine (sole trader)
establishment since 01-10-2022 |
founded in 2022 0791.716.869 |
Timeline
Timeline
7 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 4 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 22 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794435146
2024
Weakest financial year net €5,279 ▼74.3% The net result drops to €5,279, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2022
IncorporationFounding capital of €2,000, 2,000 shares · Founder: SIMKENS Tine · Appointment: SIMKENS Tine (director) · published on 08-12-20226 points ▸
- Founder, SIMKENS Tine
- Founding capital, €2,000, 2,000 shares
- Registered office clause, Voetbeeklaan 4, 2950 Kapellen
- Board rule, 1
- Director appointment, SIMKENS Tine
- Power of attorney, Peter Geeraerts (gemachtigde van vennootschap)
- The deed holds 2 more points.
First establishment Voetbeeklaan 4, Kapellen
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0794.435.146
- VAT number
- BE 0794.435.146
- Peppol ID
- 0208:0794435146
- Other Peppol ID
- 9925:BE0794435146
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00deed of 08-12-2022 (in Dutch)
- Peppol
- Reachable since 08-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Enthuse in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-12-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 08-12-2022 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Overige adviesbureaus op het gebied van bedrijfsbeheer;adviesbureaus op het gebeid van bedrijfsvoering; Verlenen van adviezen en hulp aan…”deed of 08-12-2022 (in Dutch)
43 activities
- Overige adviesbureaus op het gebied van bedrijfsbeheer;adviesbureaus op het gebeid van bedrijfsvoering
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding,enz.
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebeid van planning,organisatie,efficiëntie,enz.
- Overige zakelijke dienstverlening,n.e.g.
- Overige dienstverlenende activiteiten op het gebied van informatie,n.e.g.
- Management en bestuursactiviteiten:het tussenkomen in het dagelijks bestuur,het vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten
- Voeren van management van andere vennootschappen.
- Computerconsultancy-activiteiten
- Overige diensten op het gebied van informatietechnologie en computer
- Arbitrage en bemiddeling tussen bedrijfsleiding en werknemers
- Markt- en opinieonderzoekbureaus
- Overige gespecialiseerde wetenschappelijke en technische activiteiten
- Organisatie van congressen en beurzen
- Activiteiten i.v.m.mechanische sporten(auto's,motorrijwielen,karts,enz.
- Beroepsopleiding
- Handelsbemiddeling in goederen,algemeen assortiment
- Detailhandel in allerlei producten via het internet(e-commerce)
- Vervaardiging van sieraden
- Detailhandel in alle soorten sieraden en edelsmeedwerk
- Detailhandel in alle soorten geschenken
- Detailhandel in boeken
- Detailhandel in alle soorten kledij en kledingaccessoires
- Detailhandel in alle soorten schoeisel
- Detailhandel in lederwaren,reisartikelen en accessoires
- Detailhandel in reukwerk,cosmetica en toiletartikelen
- Detailhandel in nieuwe artikelen in gespecialiseerde winkels
- Detailhandel in tweedehandskleding
- Overige detailhandel
- Reparatie van uurwerken en sieraden
- Reparatie van andere consumentenartikelen
- Activiteiten van interieurdecorateurs
- Cultureel onderwijs
- Sociaal-cultureel vormingswerk
- Overige vormen van onderwijs
- Overige onderwijsondersteunende dienstverlening
- Algemene coördinatiewerkzaamheden bouwwerf.
- Toezien op de bouwwerkzaamheden(ruwbouw,installatie,afwerking,enz.).
- Leiden van belangrijke herstellingswerkzaamheden aan gebouwen.
- Beheer van het eigen patrimonium.
- De handel in eigen onroerend goed:flatgebouwen en woningen,niet voor bewoning bestemde gebouwen en grond.
- Verhuur en exploitatie van woningen,niet-residentiële gebouwen en terreinen.
- Onroerende leasing van woningen,niet-residentiële gebouwen en terreinen.
- Projectontwikkeling van residentiële en niet-residentiële bouwprojecten.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Voetbeeklaan 4 registered office 2950 Kapellen | 06-12-2022 | 2.338.637.930 |
Buildings and parcels at the address
- Ground area
- 1,042 m²
- Buildings
- 257 m²
- Volume, LiDAR
- 762 m³
- Tallest building
- 4.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11362M0177/00H002 | 1,042 m² | 1 · 257 m² | 4.1 m · 1 |