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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
ENSIVAL - MORET Belgium from Thimister-Clermont, company number BE0467613838, closed financial year 2025 with a result of € -715,093 after tax. For that financial year ENSIVAL - MORET Belgium recorded revenue of € 7.8 million and equity of € -28.8 million. Compared with financial year 2024, the result moved from € 85,270 to € -715,093. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -28.8 million
▼ € 715,093 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -715,093
▼ still € 85,270 profit in 2024
Profit after tax over the fiscal year.
€ 508,363
▲ € 496,295 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -36.2 million.
People and assets in 2025
51.2
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 8% vs 2024
€ 109,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 69,443
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20 million
Loans from banks and other lenders, long and short.
€ 799,106
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 32 days on average.
€ 960,583
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,522,094 | € 7,746,759 | € 8,468,819 | € 7,813,450 | ▼ 8% |
| Profit after taxes | € 1,340,830 | € -154,907 | € 85,270 | € -715,093 | ▼ € 800,363 |
| Equity | € -28,993,551 | € -28,171,901 | € -28,086,631 | € -28,801,724 | ▼ € 715,093 |
| Total debts | € 34,414,781 | € 30,823,596 | € 30,523,925 | € 33,007,641 | ▲ 8% |
| Cash | € 72,595 | € 7,603 | € 12,068 | € 508,363 | ▲ € 496,295 |
| Retained profit | € -36,393,551 | € -35,571,901 | € -35,486,631 | € -36,201,724 | ▼ € 715,093 |
| Bank debt | € 20,015,552 | € 20,000,000 | € 20,000,000 | € 20,000,000 | |
| Balance sheet total | € 9,821,892 | € 4,828,752 | € 3,651,678 | € 4,838,408 | ▲ 32% |
| Employees (FTE) | 61.2 | 50.4 | 50.4 | 51.2 | ▲ 0.8 |
Key figures of ENSIVAL - MORET Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ENSIVAL - MORET Belgium?
What happened at ENSIVAL - MORET Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Veli-Pekka Tittanen stepped down as director. NBB
- Pierre Van Brussel stepped down as director. NBB
- Sebastiano Zumbino stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 715,093 (▼ € 800,363 vs 2024). Source: NBB ↗
- Stephan Schaerer stepped down as director. NBB
- Veli-Pekka Tittanen became a director. NBB
- Sebastiano Zumbino became a director. NBB
- Jonathan Lloyd stepped down as director. NBB
In short
From € 1.3 million profit in 2022 to € 715,093 loss in 2025.
Paid € 451,213 in corporate taxes since 2022.
Best year ever: 2022, with € 1.3 million profit.
Pays suppliers within 32 days on average.
A new publication or filing at ENSIVAL - MORET Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2025
since 2025 · until 2031
Pierre Van Brussel
Managing director
Also active at: SULZER PUMPS WASTEWATER BELGIUM, ENSIVAL-MORET INTERNATIONAL
since 2025 · until 2031
Sebastiano Zumbino
Director
Also active at: SULZER PUMPS WASTEWATER BELGIUM, ENSIVAL-MORET INTERNATIONAL
since 2025 · until 2031
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Bois la Dame 4
4890 Thimister-Clermont
Rue Hodister 71
4860 Pepinster
Active since 1 January 2014
Rue Biolley 7B
4800 Verviers
Active since 1 January 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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€ 1.6 million revenue · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.613.838
- VAT number
- BE 0467.613.838
- Registered office
- Bois la Dame 4, 4890 Thimister-Clermont
- Names & denominations
- ENSIVAL - MORET Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 1999
- Peppol
- Active · Active since 28 May 2026
- Activities · NACE
Vervaardiging van andere pompen en compressoren
Vervaardiging van pompen en compressoren
Vervaardiging van hydraulische en pneumatische apparatuur