ACTIVE

ENCA

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Financial year 2025 · closed on 31/03/2025

Net result

170,3 k €

-18.4% YoY

Gross margin

485,8 k €

-10.9% YoY

Equity

2,4 M €

+7.8% YoY

What does ENCA do?

ENCA is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.160.676

Incorporation

31/12/1992

Legal form

Public limited company

Registered office

Universiteitstraat 5 box 305
9000 Gent · FlandreSee on map

Contributed capital

825 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	485,8 k €	-10.9%	545,5 k €	+3.6%	526,6 k €	+59.4%	330,4 k €	+30.2%	253,8 k €	-41.5%	434 k €	-52.5%	913,3 k €	+138%	383,2 k €	-14.7%	449,1 k €	+11.2%	404 k €	+16.5%	346,8 k €	-5.8%	368,1 k €	+6.1%	346,8 k €	-71.5%	1,2 M €	-15.6%	1,4 M €	+16.2%	1,2 M €	+1.3%	1,2 M €	+1.4%	1,2 M €	+24.9%	968,4 k €
EBITDA	441,3 k €	-11.8%	500,1 k €	+2.5%	487,8 k €	+65.4%	294,8 k €	+34.8%	218,6 k €	-41.3%	372,4 k €	-56.8%	861,2 k €	+151%	342,6 k €	-12.3%	390,5 k €	+5.5%	370,1 k €	+18.9%	311,3 k €	-12.0%	354 k €	+13.8%	311,2 k €	-49.4%	615,1 k €	-7.5%	665,3 k €	+37.5%	483,7 k €	+4.7%	461,9 k €	+1.5%	455,3 k €	+48.1%	307,4 k €
Operating result	267,1 k €	-18.3%	327,1 k €	+18.2%	276,8 k €	+119%	126,4 k €	+131%	54,7 k €	-74.0%	210,4 k €	-70.1%	702,8 k €	+271%	189,2 k €	-19.7%	235,6 k €	+16.8%	201,8 k €	+22.6%	164,5 k €	-23.4%	214,9 k €	+29.0%	166,6 k €	-65.0%	476,5 k €	+26.4%	377,1 k €	+50.5%	250,6 k €	+7.7%	232,8 k €	-0.5%	234 k €	+172%	86,1 k €
Net result	170,3 k €	-18.4%	208,6 k €	+6.0%	196,8 k €	+266%	53,8 k €	+748%	-8,3 k €	-108%	102,1 k €	-77.5%	453,7 k €	+673%	58,7 k €	-32.8%	87,4 k €	+27.6%	68,5 k €	+49.9%	45,7 k €	-22.1%	58,7 k €	+380%	-21 k €	-103%	822,5 k €	+372%	174,3 k €	+139%	72,8 k €	+72.6%	42,2 k €	+108%	20,3 k €	+118%	-113 k €
Balance sheet
Equity	2,4 M €	+7.8%	2,2 M €	+10.5%	2 M €	+11.0%	1,8 M €	+3.1%	1,7 M €	-0.5%	1,7 M €	+6.2%	1,6 M €	+38.2%	1,2 M €	+5.2%	1,1 M €	+6.5%	1,1 M €	+3.2%	1 M €	+4.7%	981,6 k €	+6.4%	922,9 k €	+127%	406,4 k €	+198%	-416,1 k €	+29.5%	-590,4 k €	+11.0%	-663,2 k €	+6.0%	-705,4 k €	+2.8%	-725,7 k €
Total assets	4 M €	-0.0%	4 M €	-4.1%	4,2 M €	+4.5%	4 M €	+11.1%	3,6 M €	-3.8%	3,8 M €	-4.0%	3,9 M €	-6.6%	4,2 M €	-6.0%	4,5 M €	-4.4%	4,7 M €	-1.7%	4,8 M €	-4.2%	5 M €	-3.9%	5,2 M €	-18.1%	6,3 M €	+15.7%	5,4 M €	+25.7%	4,3 M €	-3.3%	4,5 M €	-9.7%	5 M €	+2.7%	4,8 M €
Cash	36,6 k €	+242%	10,7 k €	-63.4%	29,2 k €	-19.3%	36,2 k €	+37.2%	26,4 k €	-43.0%	46,3 k €	+210%	14,9 k €	-42.2%	25,8 k €	-16.5%	31 k €	+21.5%	25,5 k €	+346%	5,7 k €	-92.8%	78,8 k €	+8.0%	73 k €	-92.6%	984,4 k €	+303%	244,4 k €	+107%	117,8 k €	+139%	49,3 k €	-87.2%	385,9 k €	+546%	59,7 k €
Debts	1,5 M €	-9.4%	1,7 M €	-17.5%	2 M €	-0.6%	2 M €	+21.5%	1,7 M €	-7.0%	1,8 M €	-11.2%	2 M €	-29.4%	2,9 M €	-10.0%	3,2 M €	-7.7%	3,4 M €	-3.0%	3,5 M €	-6.4%	3,8 M €	-4.9%	4 M €	-29.4%	5,6 M €	-0.0%	5,6 M €	+19.2%	4,7 M €	-4.4%	4,9 M €	-10.1%	5,5 M €	+1.7%	5,4 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-99.3%	15,1 ETP	-25.2%	20,2 ETP	+8.0%	18,7 ETP	-15.8%	22,2 ETP	-1.8%	22,6 ETP	+1.8%	22,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 18 ended

Active mandates

LIO S.à r.l.

Director

Represented by Caroline ENGELS

Active

Ended mandates

WELICA

Director · since 27 décembre 2022 · 0449.194.132

Represented by Caroline ENGELS

Ended

WELICA

Managing director · since 27 septembre 2021 · until 27 septembre 2027 · 0449.194.132

Represented by Caroline Engels

Ended

WELICA

Managing director · since 27 septembre 2021 · until 27 septembre 2027 · 0449.194.132

Represented by CAROLINE ENGELS

Ended

WIM VERMEULEN

Director · since 27 septembre 2021 · until 27 septembre 2027 · 0478.961.749

Represented by Vermeulen WIM

Ended

At this address

Other companies at this address

Company	CBE no.
Caliner● Active	0448.186.025
D&A DOMUS● Active	0504.911.625
GROUP XLC● Active	0778.815.077
IMMO - DEKAL● Active	0450.700.305

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2025	07/10/2024	03/10/2023	17/10/2022	18/10/2021	16/10/2020
General meeting	18/10/2025	28/09/2024	30/09/2023	30/09/2022	27/09/2021	26/09/2020
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	31/03/2025	18/10/2025	20/10/2025	Dutch	PDF
Abridged model	31/03/2024	28/09/2024	07/10/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	03/10/2023	Dutch	PDF
Abridged model	31/03/2022	30/09/2022	17/10/2022	Dutch	PDF
Abridged model	31/03/2021	27/09/2021	18/10/2021	Dutch	PDF
Abridged model	31/03/2020	26/09/2020	16/10/2020	Dutch	PDF
Abridged model	31/03/2019	28/09/2019	17/10/2019	Dutch	PDF
Abridged model	31/03/2018	22/09/2018	17/10/2018	Dutch	PDF
Abridged model	31/03/2017	23/09/2017	26/10/2017	Dutch	PDF
Abridged model	31/03/2016	24/09/2016	21/10/2016	Dutch	PDF
Abridged model	31/03/2015	26/09/2015	28/09/2015	Dutch	PDF
Abridged model	31/03/2014	18/10/2014	22/10/2014	Dutch	PDF
Abridged model	31/03/2013	28/09/2013	22/10/2013	Dutch	PDF
Abridged model	31/03/2012	22/09/2012	19/10/2012	Dutch	PDF
Abridged model	31/03/2011	24/09/2011	06/10/2011	Dutch	PDF
Abridged model	31/03/2010	25/09/2010	01/10/2010	Dutch	PDF
Abridged model	31/03/2009	26/09/2009	28/09/2009	Dutch	PDF
Abridged model	31/03/2008	27/09/2008	01/10/2008	Dutch	PDF
Abridged model	31/03/2007	22/09/2007	04/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/03/2025 · 1 active · 18 ended

Active mandates

LIO S.à r.l.

Director

Represented by Caroline ENGELS

Active

Ended mandates

WELICA

Director · since 27 décembre 2022 · 0449.194.132

Represented by Caroline ENGELS

Ended

WELICA

Managing director · since 27 septembre 2021 · until 27 septembre 2027 · 0449.194.132

Represented by Caroline Engels

Ended

WELICA

Managing director · since 27 septembre 2021 · until 27 septembre 2027 · 0449.194.132

Represented by CAROLINE ENGELS

Ended

WIM VERMEULEN

Director · since 27 septembre 2021 · until 27 septembre 2027 · 0478.961.749

Represented by Vermeulen WIM

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office15/07/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/04/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/04/2013
KAPITAAL - AANDELEN
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 2025170,3 k €↓
2024
Annual accounts 2024208,6 k €↑
2023
Annual accounts 2023196,8 k €↑
2022
Annual accounts 202253,8 k €↑
2021
Annual accounts 2021-8,3 k €↓
2020
Annual accounts 2020102,1 k €↓
2019
Annual accounts 2019453,7 k €↑
2018
Annual accounts 201858,7 k €↓
2017
Annual accounts 201787,4 k €↑
2016
Annual accounts 201668,5 k €↑
2015
Annual accounts 201545,7 k €↓
2014
Annual accounts 201458,7 k €↑
2013
Annual accounts 2013-21 k €↓
2012
Annual accounts 2012822,5 k €↑
2011
Annual accounts 2011174,3 k €↑
2010
Annual accounts 201072,8 k €↑
2009
Annual accounts 200942,2 k €↑
2008
Annual accounts 200820,3 k €↑
2007
Annual accounts 2007-113 k €
31/12/1992
IncorporationPublic limited company

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

ENCA

Overview

What does ENCA do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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