E.S concept
ActiveSummary
The computed 12-month bankruptcy probability of E.S concept is 3.6% (moderate). The 2025 annual accounts show negative equity (-€1,423) and a net result of -€618. Equity is growing by ~55.2% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-2
Solvency0▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1,423
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
42 d early
2023
11 d late
2022
70 d late
2021
53 d early
2020
24 d late
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 August (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€49,737▼ 56.1%
2020 · €113,218
EBIT margin
53.9%▲ 39.6pp
2020 · 14.2%
Net result
-€618▼ 31.3%
2024 · -€471
Working capital
€1,607
2023 · -€73
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€49,737▼ 56.1%
Operating result€26,797▲ 66.3%-€15,773€6,346-€242-€509▼ 110%
Net result€26,664▲ 68.3%-€17,323€6,282-€471-€618▼ 31.3%
EBIT margin53.9%▲ 39.6pp
Equity€10,707-€6,616-€334▲ 94.9%-€805▼ 141%-€1,423▼ 76.8%
Total assets€41,220▲ 33.7%€15,696▼ 61.9%€3,681▼ 76.6%€3,303▼ 10.3%€3,051▼ 7.6%
Debt€30,513▼ 34.8%€22,312▼ 26.9%€4,015▼ 82.0%€4,108▲ 2.3%€4,474▲ 8.9%
Working capital€21,045-€8,402-€73▲ 99.1%€1,607
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €509 in 2025 against €242 in 2024; the loss grows.
Key figures and ratios
Debt > 1 year
€4,474▲
2024 · €2,411
Ratios withheld: a balance sheet total of €3,051 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €49,737 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €42,451 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,251 | €2,297 | €2,048 | - | - | - |
| Other operating charges640/8 | €1,676 | €1,858 | - | - | - | - |
| Non-recurring operating charges66A | €11,686 | - | - | - | - | - |
| Gross operating margin9900 | €43,410 | -€11,618 | €8,394 | -€242 | -€509 | ▼ 110% |
| Operating profit (loss)9901 | €26,797 | -€15,773 | €6,346 | -€242 | -€509 | ▼ 110% |
| Financial charges65/66B | €133 | €156 | €65 | €229 | €109 | ▼ 52.2% |
| Recurring financial charges65 | €133 | €156 | €65 | €229 | €109 | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €26,664 | -€15,929 | €6,282 | -€471 | -€618 | ▼ 31.3% |
| Income taxes67/77 | - | €1,394 | - | - | - | - |
| Profit (loss) for the period9904 | €26,664 | -€17,323 | €6,282 | -€471 | -€618 | ▼ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €26,664 | -€17,323 | €6,282 | -€471 | -€618 | ▼ 31.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,220 | €15,696 | €3,681 | €3,303 | €3,051 | ▼ 7.6% |
| Fixed assets21/28 | €4,344 | €2,048 | - | - | - | - |
| Tangible fixed assets22/27 | €4,344 | €2,048 | - | - | - | - |
| Furniture and vehicles24 | €4,344 | €2,048 | - | - | - | - |
| Current assets29/58 | €36,876 | €13,649 | €3,681 | €3,303 | €3,051 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €9,385 | €13,534 | €3,291 | €3,302 | €3,029 | ▼ 8.3% |
| Trade receivables40 | €5,372 | €10,243 | - | - | - | - |
| Other amounts receivable41 | €4,013 | €3,291 | €3,291 | €3,302 | €3,029 | ▼ 8.3% |
| Cash at bank and in hand54/58 | €27,491 | €115 | €390 | €1 | €23 | ▲ 3,803% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,220 | €15,696 | €3,681 | €3,303 | €3,051 | ▼ 7.6% |
| Equity10/15 | €10,707 | -€6,616 | -€334 | -€805 | -€1,423 | ▼ 76.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,034 | €1,034 | €1,034 | €1,034 | €1,034 | = |
| Non-distributable reserves130/1 | €1,034 | €1,034 | €1,034 | €1,034 | €1,034 | = |
| Legal reserve130 | €1,034 | €1,034 | €1,034 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,034 | €1,034 | = |
| Profit (loss) carried forward14 | -€8,927 | -€26,250 | -€19,969 | -€20,439 | -€21,057 | ▼ 3.0% |
| Amounts payable17/49 | €30,513 | €22,312 | €4,015 | €4,108 | €4,474 | ▲ 8.9% |
| Amounts payable after more than one year17 | €14,682 | €261 | €261 | €2,411 | €4,474 | ▲ 85.5% |
| Other amounts payable178/9 | €14,682 | €261 | €261 | €2,411 | €4,474 | ▲ 85.5% |
| Amounts payable within one year42/48 | €15,830 | €22,051 | €3,753 | €1,696 | - | - |
| Trade debts44 | €5,882 | €14,759 | €2,057 | - | - | - |
| Suppliers440/4 | €5,882 | €14,759 | €2,057 | - | - | - |
| Taxes, remuneration and social security45 | €9,949 | €7,291 | €1,696 | €1,696 | - | - |
| Taxes450/3 | €4,070 | €1,413 | €1,696 | €1,696 | - | - |
| Remuneration and social security454/9 | €5,879 | €5,879 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,664 | -€17,323 | €6,282 | -€471 | -€618 | ▼ 31.3% |
| + Depreciation and write-downs630 | €3,251 | €2,297 | €2,048 | - | - | - |
| Operating cash flow (approximation) | €29,915 | -€15,026 | €8,329 | -€471 | -€618 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€27,376 | €274 | -€389 | €22 | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 11 days late
2023
31-12
Financial
Back to profitnet €6,282
Net result €6,282 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet -€17,323
Net result drops to -€17,323, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €26,664 ▲68.3%
Operating result €26,797, net result €26,664, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.33
Current ratio from 0.91 to 2.33; short-term debt falls from €24,180 to €15,830.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €15,841
Net result €15,841 after 2 loss-making years.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
Show earlier events
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 442 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2014
Ground area
110 m²
Building footprint
97 m²
Volume, LiDAR
1,164 m³
Parcel 21007A0027/00P009, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ES CONCEPT
since 20142.229.829.961
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0027/00P009 | Brussels | 110 m² | 1 · 97 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2012
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843455778
Also
9925:BE0843455778
Registered
16-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.