What is the address of ENIGMA?

The registered office of ENIGMA is located at Cyriel De Baerestraat(BAA) 14, 9200 Dendermonde.

Is ENIGMA still active?

Yes. According to the CBE (30 October 2026) ENIGMA is active, legal situation “Normale toestand”, started on 15 November 2000.

Is ENIGMA registered on Peppol?

Yes, ENIGMA is registered on the Peppol network with ID 0208:0473281113.

What is the enterprise number of ENIGMA?

The enterprise number of ENIGMA is BE0473281113.

When was ENIGMA founded?

ENIGMA was founded on 15 November 2000.

Who are the directors of ENIGMA?

According to the 2025 annual accounts, the directors of ENIGMA are: Sabine Rahe, Andries Busschaert.

Is ENIGMA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 November 2000; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ENIGMA make in 2025?

ENIGMA posted a profit after taxes of € 67,673 in financial year 2025.

What is the revenue of ENIGMA?

As a small company, ENIGMA is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 117,522.

ENIGMA (Private Limited) - Dendermonde - BE0473281113

Q: What does ENIGMA do?

ENIGMA is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 15 November 2000, 1 establishment.

Dossier ENIGMA, printed on 30 October 2026 from databakkes.be/en/0473281113/enigma. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ENIGMA from Dendermonde, company number BE0473281113, closed financial year 2025 with a result of € 67,673 after tax. For that financial year ENIGMA recorded a gross margin of € 117,522 and equity of € 226,106. Compared with financial year 2024, the result moved from € 87,853 to € 67,673. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2025.

What it is worth Growing

€ 226,106

▲ 14% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 67,673

▼ 23% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 12,034

▼ 94% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 40,000 paid out

59 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Wage cost

€ 3,000

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 577

▼ 59% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 449,153

▼ 12% vs 2024

€ 63,961 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 16,681

▼ 35% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 837

▼ 88% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 47,183 Gross margin 2022: € 47,183 First fiscal year in the series	€ 126,223 Gross margin 2023: € 126,223 ▲ 168% vs 2022 (€ 47,183) Favourable step	€ 136,526 Gross margin 2024: € 136,526 ▲ 8% vs 2023 (€ 126,223) Favourable step	€ 117,522 Gross margin 2025: € 117,522 ▼ 14% vs 2024 (€ 136,526) Unfavourable step	▼ 14%
Profit after taxes	€ 12,854 Profit after taxes 2022: € 12,854 First fiscal year in the series	€ 60,665 Profit after taxes 2023: € 60,665 ▲ € 47,811 vs 2022 (€ 12,854) Favourable step	€ 87,853 Profit after taxes 2024: € 87,853 ▲ 45% vs 2023 (€ 60,665) Favourable step	€ 67,673 Profit after taxes 2025: € 67,673 ▼ 23% vs 2024 (€ 87,853) Unfavourable step	▼ 23%
Equity	€ 129,915 Equity 2022: € 129,915 First fiscal year in the series	€ 155,580 Equity 2023: € 155,580 ▲ 20% vs 2022 (€ 129,915) Favourable step	€ 198,433 Equity 2024: € 198,433 ▲ 28% vs 2023 (€ 155,580) Favourable step	€ 226,106 Equity 2025: € 226,106 ▲ 14% vs 2024 (€ 198,433) Favourable step	▲ 14%
Total debts	€ 424,828 Total debts 2022: € 424,828 First fiscal year in the series	€ 810,272 Total debts 2023: € 810,272 ▲ 91% vs 2022 (€ 424,828) Unfavourable step	€ 611,431 Total debts 2024: € 611,431 ▼ 25% vs 2023 (€ 810,272) Favourable step	€ 549,060 Total debts 2025: € 549,060 ▼ 10% vs 2024 (€ 611,431) Favourable step	▼ 10%
Cash	€ 126,619 Cash 2022: € 126,619 First fiscal year in the series	€ 214,802 Cash 2023: € 214,802 ▲ 70% vs 2022 (€ 126,619) Favourable step	€ 206,143 Cash 2024: € 206,143 ▼ 4% vs 2023 (€ 214,802) Unfavourable step	€ 12,034 Cash 2025: € 12,034 ▼ 94% vs 2024 (€ 206,143) Unfavourable step	▼ 94%
Land & buildings	€ 340,155 Land & buildings 2022: € 340,155 First fiscal year in the series	€ 516,027 Land & buildings 2023: € 516,027 ▲ 52% vs 2022 (€ 340,155) Unchanged	€ 493,501 Land & buildings 2024: € 493,501 ▼ 4% vs 2023 (€ 516,027) Unchanged	€ 470,974 Land & buildings 2025: € 470,974 ▼ 5% vs 2024 (€ 493,501) Unchanged	▼ 5%
Retained profit	€ 80,178 Retained profit 2022: € 80,178 First fiscal year in the series	€ 105,843 Retained profit 2023: € 105,843 ▲ 32% vs 2022 (€ 80,178) Favourable step	€ 148,696 Retained profit 2024: € 148,696 ▲ 40% vs 2023 (€ 105,843) Favourable step	€ 176,369 Retained profit 2025: € 176,369 ▲ 19% vs 2024 (€ 148,696) Favourable step	▲ 19%
Dividend	€ 8,000 Dividend 2022: € 8,000 First fiscal year in the series	€ 35,000 Dividend 2023: € 35,000 ▲ € 27,000 vs 2022 (€ 8,000) Unchanged	€ 45,000 Dividend 2024: € 45,000 ▲ 29% vs 2023 (€ 35,000) Unchanged	€ 40,000 Dividend 2025: € 40,000 ▼ 11% vs 2024 (€ 45,000) Unchanged	▼ 11%
Bank debt	€ 161,400 Bank debt 2022: € 161,400 First fiscal year in the series	€ 376,714 Bank debt 2023: € 376,714 ▲ 133% vs 2022 (€ 161,400) Unfavourable step	€ 510,503 Bank debt 2024: € 510,503 ▲ 36% vs 2023 (€ 376,714) Unfavourable step	€ 449,153 Bank debt 2025: € 449,153 ▼ 12% vs 2024 (€ 510,503) Favourable step	▼ 12%
Balance sheet total	€ 554,742 Balance sheet total 2022: € 554,742 First fiscal year in the series	€ 965,852 Balance sheet total 2023: € 965,852 ▲ 74% vs 2022 (€ 554,742) Unchanged	€ 809,864 Balance sheet total 2024: € 809,864 ▼ 16% vs 2023 (€ 965,852) Unchanged	€ 775,166 Balance sheet total 2025: € 775,166 ▼ 4% vs 2024 (€ 809,864) Unchanged	▼ 4%

Key figures of ENIGMA, 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 October 2026.

What happened to ENIGMA?

What happened at ENIGMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 19, 2025 New annual accounts for financial year 2025: profit of € 67,673 (▼ 23% vs 2024). Source: NBB ↗
2023 Sabine Rahe became a director. NBB
2002 Andries Busschaert became a director. NBB
Dec 28, 2000 New establishment in Dendermonde. KBO
Nov 15, 2000 Start of the company according to the CBE. KBO

In short

From € 12,854 profit in 2022 to € 67,673 profit in 2025.

Paid € 26,294 in corporate taxes since 2022.

Best year ever: 2024, with € 87,853 profit.

Paid out € 128,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Sabine Rahe Andries Busschaert

ELM - CONSULT

SUSTAINABLE INVEST

ENIGMA

CORPORA FINANCE

Behind ENIGMA are Sabine Rahe and Andries Busschaert. The same people are also behind ELM - CONSULT. Sabine Rahe is also behind SUSTAINABLE INVEST. Andries Busschaert is also behind CORPORA FINANCE, ALSOLAR INVEST and Apollo 18.

Directors

According to the 2025 annual accounts

Sabine Rahe

Director

Also active at: ELM - CONSULT, SUSTAINABLE INVEST

since 2023

Andries Busschaert

Director

Also active at: ELM - CONSULT, CORPORA FINANCE, ALSOLAR INVEST, Apollo 18

since 2002

Establishments

Establishment units

Physical locations of this company

Registered office

Cyriel De Baerestraat(BAA) 14

9200 Dendermonde

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

ELM - CONSULT same network

€ 48,324 gross margin · 2025

SUSTAINABLE INVEST same network

€ 52,089 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0473.281.113

VAT number

BE 0473.281.113

Registered office

Cyriel De Baerestraat(BAA) 14, 9200 Dendermonde

Names & denominations

ENIGMA

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

15 November 2000

Peppol

Active · Active since 8 Feb 2026

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg

Verhuur van overige roerende goederen voor persoonlijk of huishoudelijk gebruik, n.e.g.

Verhuur en lease van andere consumentenartikelen, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

ENIGMA

Warning lights

Financials

What happened to ENIGMA?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions