Equity
-€943,627
Debts exceed assets in financial year 2025.
Enaos Belgium
Lifetime
5 annual accounts with figures on one time axispeak €1.7m (2025)
€1.7m▲ 95.0%
lowest -€380,738 (2025)
-€380,738▼ €126,813
peak -€122,380 (2021)
-€943,627▼ €337,164
€1.8m▲ 112%
peak 34.5 FTE (2025)
34.5 FTE▲ 68.3%
Board9 names since 2020
5 directorsBoris De Vleeschouwer and 4 others
Owners
100%LEGABIRD
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €851,271 to €1.7mLoss of €380,738Staff from 20.5 FTE to 34.5 FTE1 director resigning 18-11Merger proposal: LEGACIO takes over ENAOS.NET 22-10Equity from -€606,463 to -€943,627
Key points
from the 2025 annual accountsLosses
-€991,701 in five years
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.8m 205% of the balance sheet
Financial debts 13%Suppliers 21%Taxes and wages 15%Other 51%
€357,268 of the debts are secured on the company's own assets.
Investments
€340,760 4.2 × depreciation
Green is investment, beige is depreciation.
Restructuring
2
2 restructurings in 2026. Latest: merger with ADDF SOFTWARE.
Position in the sector
-105.3%
Lower solvency than 95% of companies in legal and accounting. Sector median 44.4% · 4,136 companies.
Staff (FTE) +68%: other schema
Checked score
52
Fair
Financially stronger than 2% of small companies in legal and accounting (NACE 69)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 1,476 companies (NACE 69, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.3%
01-2025: 4.3%● unchanged vs 12-2024
02-2025: 4.3%● unchanged vs 01-2025
03-2025: 4.6%▲ +0.3 percentage points vs 02-2025highest value
04-2025: 4.6%● unchanged vs 03-2025highest value
05-2025: 4.5%▼ -0.1 percentage points vs 04-2025
06-2025: 4.6%▲ +0.1 percentage points vs 05-2025
07-2025: 1.9%▼ -2.7 percentage points vs 06-2025
08-2025: 2.6%▲ +0.7 percentage points vs 07-2025
09-2025: 3.1%▲ +0.5 percentage points vs 08-2025
10-2025: 1.4%▼ -1.7 percentage points vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.6%▲ +0.2 percentage points vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 0.9%▼ -0.7 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 1.1%▲ +0.3 percentage points vs 08-2026
10-2026: 1.0%▼ -0.1 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€943,627
Loss of €380,738, the second in a row (financial year 2025)
Size: 34.5 FTE, total assets €896,494
lowers risk
Sector: Legal and accounting activities (NACE 69)
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 69, small). It does better than 0% of them on solvency, 3% on liquidity, 0% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 562 companies had the same profile as Enaos Belgium has now. Each dot stands for 2 companies, two years later.
86.7%
were still trading
4.8%
stopped another way
7.1%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Enaos Belgium itself is lower: 1.0% within 12 months. It rests on far more data about Enaos Belgium 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 562 companies, not a prediction for Enaos Belgium. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.7 (0.3 in 2024), below 1. Short-term debt is 101.2% and cash 12.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€943,627
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
29 days late
2023
30 days late
2022
31 days late
2021
107 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 39 days after the deadline. In the sector (NACE 69), 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 31 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Merger: LEGACIO takes over ADDF SOFTWARE
Company renamed from LEGACIO to Enaos Belgium · LEGABIRD holds all the shares · General meeting of 08-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748482781
1 director resigning
Permanent representatives: Felipe del Marmol and Boris De Vleeschouwer · Cyrielle Cnockaert · LEGABIRD is a shareholder · General meeting of 18-07-2025 · Gazette deed
Merger proposal: LEGACIO takes over ENAOS.NET
Permanent representative: Felipe del Marmol · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Enaos Belgium Watermael-Boitsfort | €0.9m | €1.7m | -105.3% | 34.5 |
| Spark Legal and Policy Consulting Brussels | €1.5m | €1.7m | 41.9% | 28.2 |
| Casa legal Brussels | €0.5m | €1.2m | -0.3% | 12.9 |
| Calysta Machelen (Brab.) | €2.7m | €2.1m | 27.1% | 17.9 |
| Felipes Meise | €2.5m | €3.1m | 17.2% | 55.9 |
| ACCESS NOW EUROPE Etterbeek | €0.3m | €1.5m | 2.0% | 11.8 |
| MAITE BOUCLIER Notarisvennootschap Etterbeek | €2.3m | €1.3m | 0.9% | 9.7 |
These companies have the same main activity as Enaos Belgium: other legal services (NACE 69109). They are comparable in size and age: total assets between €309,000 and €2.7m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 11-06-2020Normal situation
- Activity
- Other legal servicesNACE 69109and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.304.245.4901170 Watermael-Boitsfort, since 11-06-2020
- 2.345.897.8841400 Nivelles, since 18-05-2023and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- ≈ €2.9mestimated
- €896,494▲ 244%
- Employeeson 31-12-2025
- 39▲ 34.5%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Enaos Belgium
Enaos Belgium files the abbreviated format. That format states no turnover. The gross margin rose from €8,120 in 2021 to €1.7m in 2025.
LEGABIRD holds all the shares. In 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Enaos Belgium
- What is the company number of Enaos Belgium?
- The company number of Enaos Belgium is 0748.482.781. The VAT number is the same number with BE in front: BE 0748.482.781.
- Where is Enaos Belgium based?
- The registered office is at Middelburgstraat 64a, 1170 Watermael-Boitsfort.Company details
- What does Enaos Belgium do?
- According to the KBO register, the main activity is other legal services (NACE 69109).
- What is the legal form of Enaos Belgium?
- Enaos Belgium is a private limited company (BV).
- When was Enaos Belgium founded?
- Enaos Belgium was founded on 11-06-2020.
- Is Enaos Belgium still active?
- Yes, Enaos Belgium is an active enterprise in the KBO register.
- How many employees does Enaos Belgium have?
- Enaos Belgium had an average of 34.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Enaos Belgium fall under?
- In its 2025 annual accounts, Enaos Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Enaos Belgium?
- The turnover in financial year 2025 is ≈ €2.9m. This figure is estimated from the gross margin of €1.7m and 1,585 comparable companies of the same size. It probably lies between €1.9m and €4.7m. It is a rough estimate.
- Is Enaos Belgium profitable?
- In financial year 2025, Enaos Belgium made a loss of €380,738.
- Where can I find the annual accounts of Enaos Belgium?
- Enaos Belgium filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Enaos Belgium due?
- Enaos Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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