ACTIVE

ENJEU

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Financial year 2025 · closed on 31/12/2025

Net result

-19,9 k €

-142.2% YoY

Revenue

2,3 M €

+15.3% YoY

Equity

153,3 k €

-28.5% YoY

What does ENJEU do?

ENJEU is a Non-profit organization incorporated in 1986. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.469.091

Incorporation

13/01/1986

Legal form

Non-profit organization

Registered office

Rue Vaudrée 157
4031 Liège · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

74872Other professional, scientific and technical activities· main 82300Organisation of conventions and trade shows 82300Organisation of conventions and trade shows

Joint committees (2)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2022		2021		2018		2017		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	2,3 M €	+15.3%	2 M €	+37.1%	1,5 M €	-28.9%	2,1 M €	+24.0%	1,7 M €		–		–		–		–		–		–		–		–
EBITDA	27,5 k €	-74.0%	105,9 k €	-53.3%	226,7 k €	+131%	98,4 k €	-32.7%	146 k €	+58.7%	92 k €	+52.9%	60,2 k €	+31.6%	45,7 k €	+93.5%	23,6 k €	-82.3%	133,1 k €	+583%	19,5 k €	-62.4%	51,8 k €	+96.9%	26,3 k €
Operating result	1,2 k €	-97.7%	52,9 k €	-62.2%	139,8 k €	+167%	52,4 k €	-8.7%	57,4 k €	+868%	5,9 k €	-75.0%	23,7 k €	+362%	-9,1 k €	+50.0%	-18,1 k €	-123%	77,9 k €	+273%	-45 k €	-1.0%	-44,6 k €	+17.4%	-54 k €
Net result	-19,9 k €	-142%	47,1 k €	-62.0%	124 k €	+168%	46,4 k €	-14.8%	54,4 k €	+2464%	2,1 k €	-93.4%	32 k €	+260%	8,9 k €	+152%	-17 k €	-123%	74,5 k €	+220%	-62,3 k €	-92.0%	-32,5 k €	+75.2%	-130,8 k €
Balance sheet
Equity	153,3 k €	-28.5%	214,3 k €	+28.2%	167,1 k €	+5.0%	159,1 k €	+41.1%	112,8 k €	+62.7%	69,3 k €	+3.2%	67,2 k €	+90.9%	35,2 k €	+33.8%	26,3 k €	-39.2%	43,3 k €	+238%	-31,3 k €	-201%	31 k €	-51.1%	63,5 k €
Total assets	915,8 k €	-22.7%	1,2 M €	+5.0%	1,1 M €	+34.6%	838,5 k €	-22.6%	1,1 M €	+30.9%	827,6 k €	-9.2%	911,8 k €	+4.6%	871,5 k €	+2.7%	848,6 k €	-30.1%	1,2 M €	+31.5%	923,3 k €	-14.3%	1,1 M €	-2.1%	1,1 M €
Cash	80,5 k €	-52.9%	170,8 k €	-44.5%	307,9 k €	+77.4%	173,5 k €	-9.7%	192,2 k €	+174%	70,1 k €	+25.4%	55,9 k €	+29.8%	43,1 k €	+20.6%	35,7 k €	-77.7%	160 k €	+131%	69,2 k €	-59.6%	171,4 k €	+54.2%	111,2 k €
Debts	742,4 k €	-21.9%	951,1 k €	+2.3%	929,4 k €	+42.9%	650,4 k €	-21.9%	833 k €	+10.3%	755,3 k €	-10.2%	840,9 k €	+0.5%	836,4 k €	+1.7%	822,4 k €	-29.8%	1,2 M €	+22.6%	954,6 k €	-8.7%	1 M €	+0.9%	1 M €
Other
Workforce	–		8,8 ETP		–		10,8 ETP	0.0%	10,8 ETP	+6.9%	10,1 ETP	+17.4%	8,6 ETP	+3.6%	8,3 ETP	-16.2%	9,9 ETP	+6.5%	9,3 ETP	-22.5%	12,0 ETP	-6.3%	12,8 ETP	-6.6%	13,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 6 ended

Active mandates

Frédéric VAN VLODORP

Director · since 27 juin 2005

Active

Jacques DEFER

Chairman of the board of directors · since 27 juin 2005

Active

Jean-Marc ERNIQUIN

Director · since 27 juin 2005

Active

Pierre LUTHERS

Administrateur-Délégué · since 27 juin 2005

Active

Ended mandates

Christophe MAUSEN

Director · since 27 juin 2005

Ended

Christophe WEERTS

Director · since 27 juin 2005

Ended

Frédéric VANVLODORP

Director · since 27 juin 2005

Ended

Jeanine ARNOLD

Director · since 27 juin 2005

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/08/2026	03/09/2025	01/09/2025	03/10/2023	13/09/2022	30/10/2020
General meeting	25/06/2026	30/06/2025	10/06/2024	26/06/2023	27/06/2022	16/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	17/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	03/09/2025	French	PDF
Abridged model	31/12/2023	10/06/2024	01/09/2025	French	PDF
Abridged model	31/12/2022	26/06/2023	03/10/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	13/09/2022	French	PDF
Abridged model	31/12/2019	16/09/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	03/09/2019	French	PDF
Abridged model	31/12/2017	26/06/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	28/09/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	22/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	12/08/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	23/10/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	17/07/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	15/07/2011	French	PDF
Abridged model	31/12/2009	30/08/2010	28/09/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	06/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 6 ended

Active mandates

Frédéric VAN VLODORP

Director · since 27 juin 2005

Active

Jacques DEFER

Chairman of the board of directors · since 27 juin 2005

Active

Jean-Marc ERNIQUIN

Director · since 27 juin 2005

Active

Pierre LUTHERS

Administrateur-Délégué · since 27 juin 2005

Active

Ended mandates

Christophe MAUSEN

Director · since 27 juin 2005

Ended

Christophe WEERTS

Director · since 27 juin 2005

Ended

Frédéric VANVLODORP

Director · since 27 juin 2005

Ended

Jeanine ARNOLD

Director · since 27 juin 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/11/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates21/12/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office27/10/2020
SIEGE SOCIAL
PDF
Mandates18/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2005
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office02/03/2004
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-19,9 k €↓
2022
Annual accounts 202247,1 k €↓
2021
Annual accounts 2021124 k €↑
2018
Annual accounts 201846,4 k €↓
2017
Annual accounts 201754,4 k €↑
2014
Annual accounts 20142,1 k €↓
2013
Annual accounts 201332 k €↑
2012
Annual accounts 20128,9 k €↑
2011
Annual accounts 2011-17 k €↓
2010
Annual accounts 201074,5 k €↑
2009
Annual accounts 2009-62,3 k €↓
2008
Annual accounts 2008-32,5 k €↑
2007
Annual accounts 2007-130,8 k €
13/01/1986
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ENJEU

Overview

What does ENJEU do?

Trend over 13 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline