ACTIVE

ENIGMA

Financial year 2025 · Closed on 31/03/2025

Net result67,7 k €-23,0 %over 1 year

Gross margin117,5 k €-13,9 %over 1 year

Equity226,1 k €+13,9 %over 1 year

Identity

Source · BCE/KBO

ENIGMA is a Private limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Dendermonde.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0473.281.113
Incorporation: 15/11/2000
Legal form: Private limited company
Registered office: Cyriel De Baerestraat(BAA) 14
9200 Dendermonde · FlandreSee on map
Contributed capital: 18 750,00 €
Latest accounts: 31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 71408Architectural and engineering activities; technical testing and analysis 77229Rental of video tapes and disks 77299Rental and leasing of other personal and household goods

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	117,5 k €	-13.9%	136,5 k €	+8.2%	126,2 k €	+168%	47,2 k €	+235%	14,1 k €
EBITDA	111,1 k €	-14.7%	130,2 k €	+34.8%	96,6 k €	+210%	31,1 k €	+148%	12,5 k €
Operating result	87 k €	-18.0%	106,1 k €	+42.5%	74,4 k €	+410%	14,6 k €	+2646%	-573 €
Net result	67,7 k €	-23.0%	87,9 k €	+44.8%	60,7 k €	+372%	12,9 k €	+5823%	217 €
Balance sheet
Equity	226,1 k €	+13.9%	198,4 k €	+27.5%	155,6 k €	+19.8%	129,9 k €	+3.9%	125,1 k €
Total assets	775,2 k €	-4.3%	809,9 k €	-16.2%	965,9 k €	+74.1%	554,7 k €	+46.8%	377,8 k €
Cash	12 k €	-94.2%	206,1 k €	-4.0%	214,8 k €	+69.6%	126,6 k €	+107%	61,1 k €
Debts	548,6 k €	-10.3%	611,4 k €	-24.5%	810,3 k €	+90.7%	424,8 k €	+68.1%	252,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sabine Rahe	Directorsince 11/09/2023
Andries Busschaert	Directorsince 19/07/2002Manager2020 accountsended

Other companies at this address

Cyriel De Baerestraat(BAA) 14 9200 Dendermonde

Company	CBE no.
ELM - CONSULT● Active	0446.590.572
SUSTAINABLE INVEST● Active	0890.891.154

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	19/10/2025	30/10/2024	07/09/2023	31/08/2022	30/09/2021	28/11/2020
General meeting	05/09/2025	06/09/2024	04/08/2023	05/08/2022	06/08/2021	07/08/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	05/09/2025	19/10/2025	Dutch	PDF
Micro model	31/03/2024	06/09/2024	30/10/2024	Dutch	PDF
Micro model	31/03/2023	04/08/2023	07/09/2023	Dutch	PDF
Micro model	31/03/2022	05/08/2022	31/08/2022	Dutch	PDF
Micro model	31/03/2021	06/08/2021	30/09/2021	Dutch	PDF
Micro model	31/03/2020	07/08/2020	28/11/2020	Dutch	PDF
Micro model	31/03/2019	02/08/2019	03/09/2019	Dutch	PDF
Micro model	31/03/2018	03/08/2018	04/10/2018	Dutch	PDF
Micro model	31/03/2017	05/11/2017	16/11/2017	Dutch	PDF
Abridged model	31/03/2016	05/08/2016	09/08/2016	Dutch	PDF
Abridged model	31/03/2015	07/08/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	01/08/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	02/08/2013	14/10/2013	Dutch	PDF
Abridged model	31/03/2012	03/08/2012	06/08/2012	Dutch	PDF
Abridged model	31/03/2011	05/08/2011	31/10/2011	Dutch	PDF
Abridged model	31/03/2010	06/08/2010	21/10/2010	Dutch	PDF
Abridged model	31/03/2009	07/08/2009	30/09/2009	Dutch	PDF
Abridged model	31/03/2008	01/08/2008	24/11/2008	Dutch	PDF
Abridged model	31/03/2007	03/08/2007	20/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/03/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sabine Rahe	Directorsince 11/09/2023
Andries Busschaert	Directorsince 19/07/2002Manager2020 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Sabine Rahe

Andries Busschaert

200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ENIGMA

Cyriel De Baerestraat(BAA) 14, 9200 Dendermonde

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Cyriel De Baerestraat(BAA) 14, 9200 DendermondeCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00545182

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ENIGMACurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00545182

Events

2025
Annual accounts 202567,7 k €↓
2024
Annual accounts 202487,9 k €↑
2023
Annual accounts 202360,7 k €↑
2022
Annual accounts 202212,9 k €↑
2021
Annual accounts 2021217 €↓
2020
Annual accounts 202010,4 k €↑
2019
Annual accounts 20195,6 k €↓
2018
Annual accounts 201826,2 k €↑
2017
Annual accounts 201716,2 k €↑
2016
Annual accounts 20162,9 k €↓
2015
Annual accounts 20155,1 k €↓
2014
Annual accounts 201415,4 k €↑
2013
Annual accounts 20133,1 k €↓
2012
Annual accounts 20123,7 k €↑
2011
Annual accounts 2011383 €↓
2010
Annual accounts 201025,9 k €↑
2009
Annual accounts 20092,9 k €↑
2008
Annual accounts 2008-68 €↑
2007
Annual accounts 2007-834 €
15/11/2000
IncorporationPrivate limited company

ENIGMA

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events