Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % 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 INTERNATIONAL from Thimister-Clermont, company number BE0865342047, closed financial year 2025 with a result of € -582,446 after tax. For that financial year ENSIVAL-MORET INTERNATIONAL recorded a gross margin of € -20,325 and equity of € -28.5 million. Compared with financial year 2024, the result moved from € -727,510 to € -582,446. 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 27, 2026.
€ -28.5 million
▼ € 582,446 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -582,446
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 26,128
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -37.9 million.
Debts at end 2025
€ 28.4 million
▲ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 6,501
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 134
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | - | € -24,567 | € -20,325 | ▲ € 4,242 |
| Profit after taxes | € -214,258 | € -854,005 | € -727,510 | € -582,446 | ▲ € 145,064 |
| Equity | € -26,326,598 | € -27,180,603 | € -27,908,113 | € -28,490,560 | ▼ € 582,446 |
| Total debts | € 26,647,686 | € 27,096,648 | € 27,796,494 | € 28,405,068 | ▲ 2% |
| Cash | - | - | - | € 26,128 | |
| Retained profit | € -35,726,598 | € -36,580,603 | € -37,308,113 | € -37,890,560 | ▼ € 582,446 |
| Bank debt | € 26,500,000 | € 26,812,546 | € 27,787,207 | € 28,398,352 | ▲ 2% |
| Balance sheet total | € 1,216,023 | € 30,981 | € 3,317 | € 29,445 | ▲ € 26,128 |
Key figures of ENSIVAL-MORET INTERNATIONAL, 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 INTERNATIONAL?
What happened at ENSIVAL-MORET INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Veli-Pekka Tittanen stepped down as director. NBB
- Sebastiano Zumbino stepped down as director. NBB
- Pierre van Brussel stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 582,446. Source: NBB ↗
- Stephan Schaerer stepped down as director. NBB
- Veli-Pekka Tittanen became a director. NBB
- Sebastiano Zumbino became a director. NBB
- Claude Jacqmin stepped down as director. NBB
In short
From € 214,258 loss in 2022 to € 582,446 loss in 2025.
Paid € 22,530 in corporate taxes since 2022.
A new publication or filing at ENSIVAL-MORET INTERNATIONAL? 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
It owns 82.3% of Ensival Moret Maghreb itself.
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 Belgium
since 2025 · until 2030
Sebastiano Zumbino
Director
Also active at: SULZER PUMPS WASTEWATER BELGIUM, ENSIVAL - MORET Belgium
since 2025 · until 2031
Claude Jacqmin
Director
since 2022 · until 2025
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Bois la Dame 4
4890 Thimister-Clermont
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Cafés Liégeois
€ 67.3 million revenue · 2025
ENSIVAL - MORET Belgium same network
€ 7.8 million revenue · 2025
Fonds de Solidarité du Personnel employé d' Ensival
FONDS DE PREVOYANCE DES OUVRIERS D'ENSIVAL
VATeL
+2 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
- 0865.342.047
- VAT number
- BE 0865.342.047
- Registered office
- Bois la Dame 4, 4890 Thimister-Clermont
- Names & denominations
- ENSIVAL-MORET INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 May 2004
- Peppol
- Active · Active since 9 Feb 2026
- Activities · NACE
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