Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Encon from Bilzen-Hoeselt, company number BE0477744794, closed financial year 2025 with a result of € -177,427 after tax. For that financial year Encon recorded revenue of € 13.8 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -4,621 to € -177,427. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 1.6 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -177,427
▼ 3740 % more loss than in 2024
Profit after tax over the fiscal year.
€ 256,074
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
People and assets in 2025
73.5
▼ 13.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7 million
▲ 11% vs 2024
€ 94,800 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.
€ 3.2 million
▼ 12% vs 2024
Of which on lease € 3.1 million.
Debts at end 2025
€ 2.7 million
▲ 6% vs 2024
€ 375,438 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 590,513
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 36 days on average.
€ 733,562
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,067,222 | € 4,216 | € 9,071,372 | € 13,770,707 | ▲ 52% |
| Profit after taxes | € -277,913 | € 606,595 | € -4,621 | € -177,427 | ▼ € 172,806 |
| Equity | € 1,175,895 | € 1,782,490 | € 1,777,869 | € 1,600,442 | ▼ 10% |
| Total debts | € 6,830,919 | € 7,366,098 | € 7,743,029 | € 7,157,004 | ▼ 8% |
| Cash | € 618,307 | € 288,513 | € 525,250 | € 256,074 | ▼ 51% |
| Land & buildings | € 578,429 | - | - | - | |
| Retained profit | € 1,114,395 | € 1,720,990 | € 1,716,369 | € 1,538,942 | ▼ 10% |
| Bank debt | € 3,433,998 | € 2,852,843 | € 2,579,336 | € 2,731,255 | ▲ 6% |
| Balance sheet total | € 8,006,814 | € 9,148,588 | € 9,520,898 | € 8,757,446 | ▼ 8% |
| Employees (FTE) | 67.3 | 81.5 | 87.3 | 73.5 | ▼ 13.8 |
Key figures of Encon, 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 Encon?
What happened at Encon in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ambo BV stepped down as director. NBB
- Asgard BV stepped down as director. NBB
- Robin Bruninx stepped down as director. NBB
- Sandra Deraeve stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 177,427. Source: NBB ↗
- Ambo BV became a director. NBB
- Asgard BV became a director. NBB
- Robin Bruninx became a director. NBB
In short
From € 277,913 loss in 2022 to € 177,427 loss in 2025.
Paid € 274,930 in corporate taxes since 2022.
Best year ever: 2023, with € 606,595 profit.
Pays suppliers within 36 days on average.
A new publication or filing at Encon? 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
The stake of The Energy Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EnconThe shares are held by The Energy Group (99.4%). It owns 100% of RPPRT BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Stefan Baeten
Also active at: One-stop, The Energy Group, RPPRT, ISO FULL, 2bbuilt, Infinity Building, ENTREPRISE BRIATTE SEBASTIEN, Inesco
since 2024 · until 2030
Director · represented by Dennis Edey
Also active at: The Energy Group, RPPRT, Hasco Solar Invest, Blue Sky, Infinity Building, Hasco, Inesco
since 2024 · until 2030
Robin Bruninx
Managing director
Also active at: The Energy Group, RPPRT, BD-CONSULTANCY, Infinity Building, Inesco
since 2024 · until 2030
Sandra Deraeve
Director
Also active at: SYNTRAPXL, The Energy Group, RPPRT, BD-CONSULTANCY, Infinity Building, Inesco
since 2024 · until 2030
Shareholders
99.4%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kieleberg 41
3740 Bilzen-Hoeselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0477.744.794
- VAT number
- BE 0477.744.794
- Registered office
- Kieleberg 41, 3740 Bilzen-Hoeselt
- Names & denominations
- Encon
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2002
- Peppol
- Active · Active since 13 Aug 2024
- Activities · NACE
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