SENERGHO
ActiveSENERGHO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.69M and a net result of €-462k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 215 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-36
Solvency54▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.54 against 1.8 in 2024; short-term debt: 39.6% and cash: 2.5% of total assets), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
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
29.1%
Return on assets
-8%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
13 d early
2023
7 d early
2022
13 d early
2021
24 d late
2020
16 d early
2019
35 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.69M▲ 11.5%
2024 · €1.51M
2018: €623k
2019: €737k
2020: €852k
2021: €773k
2022: €1.36M
2023: €1.59M
2024: €1.51M
2018 → 2025
Total assets
€5.80M▲ 39.0%
2024 · €4.17M
2018: €2.41M
2019: €2.15M
2020: €2.25M
2021: €3.56M
2022: €4.11M
2023: €4.30M
2024: €4.17M
2018 → 2025
Net result
€-462k▼ 233%
2024 · €-139k
2018: €170k
2019: €120k
2020: €121k
2021: €-76k
2022: €594k
2023: €118k
2024: €-139k
2018 → 2025
Working capital
€-1.06M
2024 · €748k
2018: €129k
2019: €573k
2020: €657k
2021: €477k
2022: €850k
2023: €786k
2024: €748k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€773k-€1.36M▲ 76.5%€1.59M▲ 16.7%€1.51M▼ 5.0%€1.69M▲ 11.5%
Operating result€-19k-€678k€191k▼ 71.8%€-86k€-377k▼ 337%
Net result€-76k-€594k€118k▼ 80.1%€-139k€-462k▼ 233%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €377k in 2025 against €86k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.80M
Fixed assets
€4.56M▲ 82.9%
Current assets
€1.24M▼ 26.2%
Equity and liabilities €5.80M
Equity
€1.69M▲ 11.5%
Provisions
€51k▼ 8.6%
Debt
€4.06M▲ 56.0%
The debt ratio rises from 62.4% to 70.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €256k
Cash flow
€-61k▼
2024 · €204k
Solvency
29.1%▼
2024 · 36.2%
Current ratio
0.54▼
2024 · 1.80
Quick ratio
0.53▼
2024 · 1.76
Debt / equity
2.41▲
2024 · 1.72
ROE
-27.4%▼
2024 · -9.2%
ROA
-8.0%▼
2024 · -3.3%
Interest coverage
0.20▼
2024 · 3.89
Debt
€4.06M▲
2024 · €2.60M
Debt ≤ 1 year
€2.30M▲
2024 · €932k
Debt > 1 year
€1.56M▲
2024 · €1.47M
Staff costs
€73k▲
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.17M€5.80M▲
Fixed assets21/28€2.49M€4.56M▲
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€2.49M€4.56M▲
Land and buildings22€964k€1.61M▲
Plant, machinery and equipment23€1.36M€2.85M▲
Furniture and vehicles24€104k€72k▼
Leasing and similar rights25€68k€28k▼
Current assets29/58€1.68M€1.24M▼
Stocks and contracts in progress3€37k€11k▼
Stocks30/36€37k€11k▼
Amounts receivable within one year40/41€1.34M€1.05M▼
Trade receivables40€372k€176k▼
Other amounts receivable41€963k€875k▼
Cash at bank and in hand54/58€267k€143k▼
Deferred charges and accrued income490/1€40k€35k▼
Equity and liabilities
Total equity and liabilities10/49€4.17M€5.80M▲
Equity10/15€1.51M€1.69M▲
Contributions10/11€694k€694k=
Revaluation surpluses12-€650k
Reserves13€650k€188k▼
Distributable reserves133€650k€188k▼
Investment grants15€169k€154k▼
Provisions and deferred taxes16€56k€51k▼
Deferred taxes168€56k€51k▼
Amounts payable17/49€2.60M€4.06M▲
Amounts payable after more than one year17€1.47M€1.56M▲
Financial debts170/4€1.47M€1.56M▲
Amounts payable within one year42/48€932k€2.30M▲
Current portion of amounts payable after more than one year42€218k€1.28M▲
Trade debts44€487k€798k▲
Suppliers440/4€487k€798k▲
Taxes, remuneration and social security45€9k€17k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€8k€14k▲
Other amounts payable47/48€218k€201k▼
Accrued charges and deferred income492/3€200k€209k▲
Income statement
Code20242025
Remuneration, social security and pensions62€44k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€343k€401k▲
Other operating charges640/8€13k€85k▲
Gross operating margin9900€314k€182k▼
Operating profit (loss)9901€-86k€-377k▼
Financial income75/76B€14k€29k▲
Recurring financial income75€14k€29k▲
Financial charges65/66B€66k€118k▲
Recurring financial charges65€66k€118k▲
Profit (loss) for the period before taxes9903€-138k€-467k▼
Transfer from deferred taxes780€0€5k▲
Transfer to deferred taxes680€966€0▼
Income taxes67/77€0-
Profit (loss) for the period9904€-139k€-462k▼
Profit (loss) for the period to be appropriated9905€-139k€-462k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-139k€-462k▼
Transfer from equity791/2€139k€462k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)9087-1.3
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-462k
Net result drops to €-462k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €594k
Net result €594k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.36M ▲76.5%
Equity rises from €773k to €1.36M.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.19 to 2.81; short-term debt falls from €671k to €317k.
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hooglede · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Driewegenstraat 218830 HoogledeGround area
1,711 m²
Building footprint
272 m²
Volume, LiDAR
1,263 m³
Parcel 36005C0004/00D002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SENERGHO
since 20062.153.594.295
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005C0004/00D002 | Flanders | 1,711 m² | 1 · 272 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2024 to 2025 · 4 entries · 222,321 EUR awarded · 66,764 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 72,225 EUR | 66,668 EUR |
| 2024 | 2 | 150,096 EUR | 96 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHooglede2.153.594.295
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Of 280 companies in sector 38330 we hold annual accounts for 240. 179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2004
Fiscal year end31-12
Activities, NACEBEL
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.