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ESSET BELUX

Active
Private limited companyfounded 2014active for 12 yearsVilain XIIII-straat 53-55, 1000 Brussel, BelgiumKBO/BCE: BE 0561.751.249
Summary

The computed 12-month bankruptcy probability of ESSET BELUX is 9.4% (elevated). The annual accounts of ESSET BELUX for financial year 2024 show a net loss of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €1.3m and a net result of -€1.7m. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 41% of 4,855 sector peers (NACE 68, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Buying and selling of own real estate
NACE 68110Real estate agency activities NACE 68310
4 sites
Size
€5.7mtotal assets 2024
Staff
25.3 FTE
Equity
€1.3m
Loss
-€1.7m
Financial health
31 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
9.4%
Structure
Parent
CODABEL GROUPE · 68.49%
Board
7 members
Holdings
3
  • STARES BELGIUM SADaily manager
Auditor: BRUNO VANDENBOSCH, REVISEUR D’ENTREPRISESAccounts 71 days overdue
Why 31raises riskLiquidity: current ratio 1.18, cash €10,6701 financial year not filed after the legal deadline; latest accounts 127 days late; 3 of the last 3 lateLoss of €1.7m, the second in a row (financial year 2024)lowers riskSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 21% of its sector peers (NACE 68, small)
Financial strength · tick = 2023
Weak
Solvency 47-14
equity 22.2% of total assets
Liquidity 39-4
short-term debt 28.2% · cash 0.2%
Profitability 0=
return on assets -29.1%
Bankruptcy probability, 12 months
9.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,971 companies, NACE 68, small)
Last 24 months 11-2024: 4.5% 12-2024: 4.6%▲ +0.1 percentage points vs 11-2024 01-2025: 4.6%● unchanged vs 12-2024 02-2025: 3.3%▼ -1.3 percentage points vs 01-2025lowest value 03-2025: 4.0%▲ +0.7 percentage points vs 02-2025 04-2025: 3.9%▼ -0.1 percentage points vs 03-2025 05-2025: 3.8%▼ -0.1 percentage points vs 04-2025 06-2025: 3.8%● unchanged vs 05-2025 07-2025: 3.9%▲ +0.1 percentage points vs 06-2025 08-2025: 4.2%▲ +0.3 percentage points vs 07-2025 09-2025: 4.1%▼ -0.1 percentage points vs 08-2025 10-2025: 5.0%▲ +0.9 percentage points vs 09-2025 11-2025: 5.1%▲ +0.1 percentage points vs 10-2025 12-2025: 5.9%▲ +0.8 percentage points vs 11-2025 01-2026: 5.7%▼ -0.2 percentage points vs 12-2025 02-2026: 5.7%● unchanged vs 01-2026 03-2026: 5.6%▼ -0.1 percentage points vs 02-2026 04-2026: 5.5%▼ -0.1 percentage points vs 03-2026 05-2026: 7.0%▲ +1.5 percentage points vs 04-2026 06-2026: 7.4%▲ +0.4 percentage points vs 05-2026 07-2026: 7.3%▼ -0.1 percentage points vs 06-2026 08-2026: 7.0%▼ -0.3 percentage points vs 07-2026 09-2026: 7.5%▲ +0.5 percentage points vs 08-2026 10-2026: 9.4%▲ +1.9 percentage points vs 09-2026highest value
Credit of up to €35,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.18, compared with 1.97 in 2023; short-term debt: 28.2% and cash: 0.2% of total assets), and 77.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 42% on solvency, 33% on liquidity, 1% on profitability and 9% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
raises risk · Liquidity: current ratio 1.18, cash €10,670
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 127 days late; 3 of the last 3 late
NBB · filings
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Loss of €1.7m, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€1.7m
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-12-2025, 127 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
127 days late
2023
114 days late
2022
113 days late
2021
52 days early
2020
60 days late
2019
89 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 75 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Power of…
  2. Resignation: NEAR CONSULT SRL (director)Appointments: RUYSEN CONSULT BV (class…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: Among the weakest 5% on net resultsector median €11,065 · 4,868 companies -€1.7m View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Caution: Equity fell in 2024from €2.5m to €1.3m ▼ 49.0% View
  • Controlled by CODABEL GROUPEultimately: EMERIA EUROPE SAS 68.49% View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€1.7m View
  • Board changedlatest change 31-12-2025 · 7 in office 1 joined · 1 left View

By topic

Financials

Financial year
2024
Total assets
€5.7m
Loss
-€1.7m
Solvency
22.2%
Total assets▼ 16.7%
Net result
20182024
Go to Financials

Board & ownership

Board
7 members
Parent
CODABEL GROUPE · 68.49%
Auditor
BRUNO VANDENBOSCH, REVISEUR D’ENTREPRISES
  • BE TYCOON REAL ESTATE & FINANCEDirector
  • Emeria BeneluxDirector
  • IRR BENELUXDirector
  • Property & Facility Management ConsultantDirector
  • Ruysen ConsultDirector

and 2 other directors

Go to Board & ownership

Network & group

Group
EMERIA EUROPE SAS
Subsidiaries
3
Connected companies
31
Mergers and contributions
4

3 subsidiaries

Go to Network & group

Timeline

Events
36
Since
2014
  1. 08-07-2025Amendment of the articles · Miscellaneous
  2. 28-02-2025Legal-form change · Name · Resignations &…
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
4
Legal form
Private limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
08-09-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La société a pour objet, pour compte propre, pour compte de tiers ou en participation, en…
Go to Articles of association

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