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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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ENBRO from Harelbeke, company number BE0540921389, closed financial year 2025 with a result of € -818,333 after tax. For that financial year ENBRO recorded revenue of € 2.6 million and equity of € 12.6 million. Compared with financial year 2024, the result moved from € 214,743 to € -818,333. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 12.6 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -818,333
▼ still € 214,743 profit in 2024
Profit after tax over the fiscal year.
€ 983,943
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 12.6 million.
People and assets in 2025
17.9
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 8% vs 2024
€ 75,700 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.
€ 20,430
▲ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 55% vs 2024
€ 128,547 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.6 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 173 days on average.
€ 475,785
▼ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,404,582 | € 17,324,779 | € 11,127,184 | € 2,572,502 | ▼ 77% |
| Profit after taxes | € 171,554 | € 9,758,983 | € 214,743 | € -818,333 | ▼ € 1 million |
| Equity | € 3,486,436 | € 13,245,419 | € 13,460,163 | € 12,641,830 | ▼ 6% |
| Total debts | € 13,202,615 | € 12,230,247 | € 10,345,602 | € 9,781,731 | ▼ 5% |
| Cash | € 53,378 | € 435,729 | € 1,264,977 | € 983,943 | ▼ 22% |
| Land & buildings | € 1,088,416 | € 1,054,250 | € 1,023,500 | € 992,750 | ▼ 3% |
| Retained profit | € 3,411,436 | € 13,170,419 | € 13,385,163 | € 12,566,830 | ▼ 6% |
| Bank debt | € 8,668,375 | € 9,533,820 | € 2,498,801 | € 1,112,506 | ▼ 55% |
| Balance sheet total | € 16,689,052 | € 25,475,667 | € 23,805,764 | € 22,443,007 | ▼ 6% |
| Employees (FTE) | 18.2 | 17.7 | 18.7 | 17.9 | ▼ 0.8 |
Key figures of ENBRO, 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 ENBRO?
What happened at ENBRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ludem BV stepped down as director. NBB
- MARIMA BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 818,333 (▼ € 1 million vs 2024). Source: NBB ↗
- Ludem BV became a director. NBB
- MARIMA BV became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 171,554 profit in 2022 to € 818,333 loss in 2025.
Paid € 575,271 in corporate taxes since 2022.
Best year ever: 2023, with € 9.8 million profit.
Pays suppliers within 173 days on average.
Management
The stake of SPARKI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ENBROThe shares are held by SPARKI (100%). It owns 49% of SUNFIN itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Luc Demeyere
Also active at: CLEVER SOLUTIONS, SITHO, EARTH, YOLK, EARTH FINANCE, EARTH FINANCE BUSINESS, SUNFIN, FIBONAKI +5 more
since 2023 · until 2029
Managing director · represented by Stijn Rigolle
Also active at: CLEVER SOLUTIONS, SITHO, EARTH, YOLK, EARTH FINANCE, EARTH FINANCE BUSINESS, SUNFIN, FIBONAKI +5 more
since 2023 · until 2029
Shareholders
100%
Participations
49%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 387
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →CLEVER SOLUTIONS same network
€ 1.8 million gross margin · 2025
SITHO same network
€ 68,726 gross margin · 2025
SPARKI RENEWABLES same network
€ 45.4 million revenue · 2025
YOLK same network
€ 529,353 gross margin · 2025
EARTH FINANCE same network
€ 505,852 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0540.921.389
- VAT number
- BE 0540.921.389
- Registered office
- Kortrijksesteenweg 387, 8530 Harelbeke
- Names & denominations
- ENBRO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 October 2013
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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