Frequently asked questions
Do I qualify to be an investor at Enky?
To qualify as an investor at Enky, you must have a company number registered in Belgium, France, Luxembourg or in Germany
What happens when a furniture item is not rented for a certain period?
It is normal that during the course of the lifetime of an asset that it is not rented 100% of the time. That is the reason why the interest rate varies depending on the subscription duration. Enky then stores it, and tries to find a new subscriber ASAP. Furthermore, we make sure to choose the type of furniture that is mostly requested, and constantly adjust according to our sales data.
What is the average subscription duration? How the interests are calculated?
The average duration is 42 months. Depending of the chosen duration by the subscriber, the interest rate varies. The shorter the duration, the higher the interest rate. (from 12 % to 6%)
How should I treat my Enky investments for tax purposes?
When you invest with ENKY, your purchase furniture that is rented to users. The rent should, therefore, be considered as revenue for your company and will be taxed like any other sort of revenue.
What is the risk of investing in furniture via Enky?
Investing places your capital at risk and so does buying furniture through ENKY. When you invest with ENKY, your purchase furniture that is rented to users. The main risk is the furniture being stolen by fraudulent users. Of course we do everything to avoid this situation, but the risk zero does not exist. Building a diversified portfolio is the best way to reduce the risks.