OPENING OF BANKRUPTCY

eNovates

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Financial year 2024 · closed on 31/12/2024
Net result
-7,2 M €
-9805.3% YoY
Revenue
12,9 M €
-68.9% YoY
Equity
1,5 M €
+261.9% YoY
Workforce
31,4 ETP
-13.5% YoY

Company — Opening of bankruptcy.

Strike-off: 27 mai 2026

What does eNovates do?

eNovates is a Public limited company incorporated in 2011. Its main activity is: Manufacture of electrical and electronic equipment for motor vehicles. Its registered office is in Lokeren. It employs on average 31,4 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0833.089.547
Incorporation
17/01/2011
Legal form
Public limited company
Registered office
Brandstraat 13
9160 Lokeren · FlandreSee on map
Contributed capital
8 722 048,00 €
Latest accounts
31/12/2024
Average workforce
31,4 ETP
Activities (NACE)
29310Manufacture of electrical and electronic equipment for motor vehicles· main29310Manufacture of electrical and electronic equipment for motor vehicles46644Wholesale of machinery for the textile industry and of sewing and knitting machines46694Wholesale of other machinery and equipment
Joint committees (2)
  • 209
  • 20900
Signals
Healthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202420232022202120182017201620152014201320122011
Income statement
Revenue12,9 M €41,6 M €31,6 M €17,1 M €––––––681,2 k €192,6 k €
EBITDA-3,9 M €3,3 M €-1,4 M €-519,3 k €1 M €59,5 k €-275 k €-12,8 k €-248,9 k €-349 k €60,3 k €16,9 k €
Operating result-7,1 M €710,4 k €-3,5 M €-2,3 M €753,7 k €-218,8 k €-570,5 k €-232,2 k €-467,5 k €-488,8 k €-23,1 k €-8,9 k €
Net result-7,2 M €74,6 k €-3,8 M €-2,4 M €658,1 k €-316,5 k €-619 k €-219,1 k €-403,7 k €-501,8 k €-25,1 k €-9,8 k €
Balance sheet
Equity1,5 M €-912,6 k €-987,3 k €774,9 k €577,2 k €-1,6 M €-1,3 M €-632,6 k €-352,5 k €131 k €51,3 k €76,4 k €
Total assets16,7 M €18 M €16,9 M €8,3 M €3,2 M €1,4 M €1,3 M €2,1 M €1,2 M €1,1 M €465,7 k €523,6 k €
Cash1,6 M €305 k €1,7 M €1,5 M €756,7 k €26,7 k €49,9 k €202,6 k €152,1 k €135 k €14,4 k €37,4 k €
Debts15,1 M €18,1 M €17,2 M €6,5 M €2,3 M €2,8 M €2,5 M €2,7 M €1,6 M €968,2 k €304,7 k €211,9 k €
Other
Workforce31,4 ETP36,3 ETP34,7 ETP27,6 ETP5,2 ETP3,7 ETP3,3 ETP2,8 ETP2,9 ETP2,5 ETP1,0 ETP–
Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 68 ended

Active mandates

ADFINCON

Director · since 01 août 2024 · until 07 juin 2030 · 0766.809.348

Represented by Arnaud DEVOOGHT

Active
CONNECT GROUP

Director · since 01 août 2024 · until 07 juin 2030 · 0448.332.911

Represented by Robert PUHA

Active
JEROEN TUIK

Director · since 01 août 2024 · until 07 juin 2030 · 0696.985.283

Represented by Jeroen TUIK

Active

Ended mandates

Bart Vereecke

Managing director · since 02 juin 2023 · until 01 juin 2029

Ended
DELAGAYE PIET

Director · since 02 juin 2023 · until 01 juin 2029 · 0477.831.601

Represented by Delagaye PIET

Ended
ELEWAUT & CO

Director · since 02 juin 2023 · until 01 juin 2029 · 0466.979.873

Represented by Elewaut FRANK

Ended
Emmanuel Dewitte

Director · since 02 juin 2023 · until 01 juin 2029

Ended
At this address

Other companies at this address

CompanyCBE no.
Enovates Group● Active
1039.849.601
ZISCOAT● Active
0869.935.590
Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202530/07/202421/06/202331/08/202229/06/202106/07/2020
General meeting11/06/202524/07/202414/06/202329/08/202211/06/202105/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202411/06/202502/07/2025DutchPDF
Full model31/12/202324/07/202430/07/2024DutchPDF
Full model31/12/202214/06/202321/06/2023DutchPDF
Full model31/12/202129/08/202231/08/2022DutchPDF
Abridged model31/12/202011/06/202129/06/2021DutchPDF
Abridged model31/12/201905/06/202006/07/2020DutchPDF
Abridged model31/12/201807/06/201902/07/2019DutchPDF
Abridged model31/12/201701/06/201829/06/2018DutchPDF
Abridged model31/12/201602/06/201726/06/2017DutchPDF
Abridged model31/12/201503/06/201607/07/2016DutchPDF
Abridged model31/12/201422/06/201522/07/2015DutchPDF
Abridged model31/12/201316/06/201416/07/2014DutchPDF
Abridged model31/12/201210/06/201330/08/2013DutchPDF
Abridged model31/12/201101/06/201223/08/2012DutchPDF
Estimate

Indicative valuation

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 31/12/2024 · 3 active · 68 ended

Active mandates

ADFINCON

Director · since 01 août 2024 · until 07 juin 2030 · 0766.809.348

Represented by Arnaud DEVOOGHT

Active
CONNECT GROUP

Director · since 01 août 2024 · until 07 juin 2030 · 0448.332.911

Represented by Robert PUHA

Active
JEROEN TUIK

Director · since 01 août 2024 · until 07 juin 2030 · 0696.985.283

Represented by Jeroen TUIK

Active

Ended mandates

Bart Vereecke

Managing director · since 02 juin 2023 · until 01 juin 2029

Ended
DELAGAYE PIET

Director · since 02 juin 2023 · until 01 juin 2029 · 0477.831.601

Represented by Delagaye PIET

Ended
ELEWAUT & CO

Director · since 02 juin 2023 · until 01 juin 2029 · 0466.979.873

Represented by Elewaut FRANK

Ended
Emmanuel Dewitte

Director · since 02 juin 2023 · until 01 juin 2029

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares02/02/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates05/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/08/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares12/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates28/02/2024
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2024
    Annual accounts 2024-7,2 M €↓
  2. 2023
    Annual accounts 202374,6 k €↑
  3. 2022
    Annual accounts 2022-3,8 M €↓
  4. 2021
    Annual accounts 2021-2,4 M €↓
  5. 2021
    Name changeeNovates
  6. 2018
    Annual accounts 2018658,1 k €↑
  7. 2017
    Annual accounts 2017-316,5 k €↑
  8. 2016
    Annual accounts 2016-619 k €↓
  9. 2015
    Annual accounts 2015-219,1 k €↑
  10. 2014
    Annual accounts 2014-403,7 k €↑
  11. 2013
    Annual accounts 2013-501,8 k €↓
  12. 2012
    Annual accounts 2012-25,1 k €↓
  13. 2011
    Annual accounts 2011-9,8 k €
  14. 17/01/2011
    IncorporationPublic limited company
  15. 2011
    Name changeECOLOGICAL INNOVATION