Fiscal year 2025
Enloc AG brings together energy, heat and software for the real estate industry. In 2025, the group generated €29.8m in revenue and increased EBITDA by 30%.
Enloc in figures (fiscal year 2025)
€29.8m group revenue
€2.4m EBITDA
Margin 8.0%
+30% EBITDA growth
compared to 2024 (€1.8m)
€1.2m consolidated net income
+26% compared to 2024
22.9% equity ratio
Equity of €4.4m
€1.6m capital expenditure
of which €0.9m in heating systems
2025 consolidated financial statements under German GAAP (HGB), prepared in accordance with IDW S 7. EBITDA = operating result plus depreciation and amortization.
Three reasons to talk to Enloc
Profitable without venture capital.
In 2025, the group generated €1.2m in net income with 30% higher EBITDA. Our equity comes from the people who work here – not from venture capital.
Recurring revenue.
71% of our revenue comes from supplying energy to the real estate industry: automated, contractually secured, predictable.
Scaling with leverage.
With heat contracting over 15 to 20 years, we are building long-term operator revenue – proven in Germany, launched in California.
Our shareholders work here.
Enloc AG is owned by the people who build it. The share capital of €82,632 is divided into 82,632 no-par value shares. In 2025, we increased the capital by 938 shares – subscribed from within the company.
Management Board
Ilin Dobrew – Spokesperson of the Management Board / CEO
Matti Hennel – Deputy Spokesperson of the Management Board / CSO
Alexandra Maulhardt – CPO
Supervisory Board
Rainer Seifert – Chairman
Dr. Thomas Kratz – Deputy Chairman
Prof. Dr. Sören Dressler
ESG at a glance
Environment
In 2025, we accounted for 4,622 t CO₂e in line with the GHG Protocol. More than half comes from the gas used to generate heat for our customers – which is exactly where our heat business comes in.
Social
113 employees, involved as shareholders, and profit sharing for the team and management.
Governance
Stock corporation with a three-member Management Board and a three-member Supervisory Board; voluntary consolidated financial statements under German GAAP (HGB).

Rainer Seifert
Chairman of the Supervisory Board – Enloc AG

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