Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
ENCA from Gent, company number BE0449160676, closed financial year 2026 with a result of € 128,244 after tax. For that financial year ENCA recorded a gross margin of € 398,797 and equity of € 2.5 million. Compared with financial year 2025, the result moved from € 170,280 to € 128,244. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 2.5 million
▲ 5% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 128,244
▼ 25% vs 2025
Profit after tax over the fiscal year.
€ 181,645
▲ € 145,043 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 1.7 million.
Debts at end 2026
€ 447,007
▼ 8% vs 2025
€ 37,707 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 63,412
▲ 22% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 526,616 | € 545,455 | € 485,770 | € 398,797 | ▼ 18% |
| Profit after taxes | € 196,796 | € 208,599 | € 170,280 | € 128,244 | ▼ 25% |
| Equity | € 1,985,945 | € 2,194,544 | € 2,364,824 | € 2,493,068 | ▲ 5% |
| Total debts | € 2,079,502 | € 1,706,215 | € 1,541,676 | € 1,486,306 | ▼ 4% |
| Cash | € 29,204 | € 10,695 | € 36,602 | € 181,645 | ▲ € 145,043 |
| Land & buildings | € 3,991,870 | € 3,859,529 | € 3,693,131 | € 3,549,150 | ▼ 4% |
| Retained profit | € 1,160,945 | € 1,369,544 | € 1,539,824 | € 1,668,068 | ▲ 8% |
| Bank debt | € 557,192 | € 515,790 | € 484,220 | € 447,007 | ▼ 8% |
| Balance sheet total | € 4,198,248 | € 4,026,283 | € 4,024,746 | € 4,090,342 | ▲ 2% |
Key figures of ENCA, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to ENCA?
What happened at ENCA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 128,244 (▼ 25% vs 2025). Source: NBB ↗
- LIO S.à r.l. became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 196,796 profit in 2023 to € 128,244 profit in 2026.
Paid € 196,470 in corporate taxes since 2023.
Best year ever: 2024, with € 208,599 profit.
Management
The stake of WELICA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ENCABehind ENCA is LIO S.à r.l.. The shares are held by WELICA (100%).
Directors
According to the 2026 annual accounts
LIO S.à r.l.
Director · represented by Caroline Engels
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Universiteitstraat 5 box 305
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.160.676
- VAT number
- BE 0449.160.676
- Registered office
- Universiteitstraat 5 bus 305, 9000 Gent
- Names & denominations
- ENCA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1992
- Peppol
- Active · Active since 28 May 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen