E.S.M PROJECT

Active

Private limited companyfounded 20233 yrs activeRue Harkay 461, 4400 Flémalle, BelgiumKBO/BCE: BE 0805.849.769

Summary

E.S.M PROJECT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €6k. Its solvency ranks better than 59% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysis Watch Report Compare

E.S.M PROJECTActiveChecked score 67/100

Risk analysis Report Compare

Checked score

Score 2025

67 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability80▼-12

Solvency66▼-6

Growth62

Track record94

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.46 against 0.99 in 2024; short-term debt: 52.8% and cash: 18.8% of total assets), and 58.7% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

41.3%

Return on assets

14.6%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

35 d early

2024

1 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€123k▲ 13.9%

2024 · €108k

2024: €108k 2025: €123k▲ +13.9% vs 2024

2024 → 2025

EBIT margin

9.8%▼ 3.4pp

2024 · 13.2%

2024: 13.2% 2025: 9.8%▼ -25.5% vs 2024

2024 → 2025

Net result

€6k▼ 34.6%

2024 · €10k

2024: €10k 2025: €6k▼ -34.6% vs 2024

2024 → 2025

Working capital

€10k

2024 · €-144

2024: €-144 2025: €10k▲ +7353% vs 2024

2024 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€108k-€123k▲ 13.9% 2024: €108k 2025: €123k▲ +13.9% vs 2024

Equity€12k-€18k▲ 53.3% 2024: €12k 2025: €18k▲ +53.3% vs 2024

Operating result€14k-€12k▼ 15.1% 2024: €14k 2025: €12k▼ -15.1% vs 2024

Net result€10k-€6k▼ 34.6% 2024: €10k 2025: €6k▼ -34.6% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 15% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €42k

21.6%

78.4%

Fixed assets €9k ▼ 15.7%

Current assets €33k ▲ 154%

Equity and liabilities €43k

41.3%

58.7%

Equity €18k ▲ 53.3%

Debt €25k ▲ 91.0%

Debt's share of the balance-sheet total rises from 53.3% to 58.7%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€14k▼

2024 · €15k

Cash flow

€8k▼

2024 · €11k

Current ratio

1.46▲

2024 · 0.99

Debt to equity

1.42▲

2024 · 1.14

ROE

35.3%▼

2024 · 82.7%

ROA

14.6%▼

2024 · 38.6%

Interest coverage

7.02▼

2024 · 16.58

Debt ≤ 1 year

€23k▲

2024 · €13k

Debt > 1 year

€3k

Income taxes

€4k▲

2024 · €4k

Staff costs

€10k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€25k€43k▲

Formation expenses20€869€637▼

Fixed assets21/28€11k€9k▼

Tangible fixed assets22/27€11k€9k▼

Furniture and vehicles24€11k€9k▼

Other tangible fixed assets26-€0

Current assets29/58€13k€33k▲

Amounts receivable within one year40/41€2k€24k▲

Trade receivables40€2k-

Other amounts receivable41€28€24k▲

Cash at bank and in hand54/58€11k€8k▼

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€25k€43k▲

Equity10/15€12k€18k▲

Contributions10/11€2k€2k=

Profit (loss) carried forward14€10k€16k▲

Amounts payable17/49€13k€25k▲

Amounts payable after more than one year17-€3k

Financial debts170/4-€3k

Amounts payable within one year42/48€13k€23k▲

Current portion of amounts payable after more than one year42-€4k

Trade debts44€458€3k▲

Suppliers440/4€458€3k▲

Taxes, remuneration and social security45€11k€15k▲

Taxes450/3€8k€12k▲

Remuneration and social security454/9€3k€3k▼

Other amounts payable47/48€2k€0▼

Accrued charges and deferred income492/3-€0

Income statement Code20242025

Turnover70€108k€123k▲

Goods, raw materials, services and sundry goods60/61€104k€109k▲

Remuneration, social security and pensions62-€10k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Other operating charges640/8€734€4k▲

Gross operating margin9900€16k€28k▲

Operating profit (loss)9901€14k€12k▼

Financial income75/76B€2€19▲

Recurring financial income75€2€19▲

Financial charges65/66B€934€2k▲

Recurring financial charges65€934€2k▲

Profit (loss) for the period before taxes9903€13k€10k▼

Income taxes67/77€4k€4k▲

Profit (loss) for the period9904€10k€6k▼

Profit (loss) for the period to be appropriated9905€10k€6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€10k€16k▲

Profit (loss) brought forward from the previous period14P-€9k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2024	2025	Change
Turnover70	€108k	€123k	▲ 13.9%
Goods, raw materials, services and sundry goods60/61	€104k	€109k	▲ 4.7%
Remuneration, social security and pensions62	-	€10k	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1k	€2k	▲ 64.5%
Other operating charges640/8	€734	€4k	▲ 419%
Gross operating margin9900	€16k	€28k	▲ 74.8%
Operating profit (loss)9901	€14k	€12k	▼ 15.1%
Financial income75/76B	€2	€19	▲ 733%
Recurring financial income75	€2	€19	▲ 733%
Financial charges65/66B	€934	€2k	▲ 115%
Recurring financial charges65	€934	€2k	▲ 115%
Profit (loss) for the period before taxes9903	€13k	€10k	▼ 24.0%
Income taxes67/77	€4k	€4k	▲ 2.3%
Profit (loss) for the period9904	€10k	€6k	▼ 34.6%
Profit (loss) for the period to be appropriated9905	€10k	€6k	▼ 34.6%

Line	2024	2025	Change
Assets
Total assets20/58	€25k	€43k	▲ 73.4%
Formation expenses20	€869	€637	▼ 26.7%
Fixed assets21/28	€11k	€9k	▼ 15.7%
Tangible fixed assets22/27	€11k	€9k	▼ 15.7%
Furniture and vehicles24	€11k	€9k	▼ 15.7%
Other tangible fixed assets26	-	€0	-
Current assets29/58	€13k	€33k	▲ 154%
Amounts receivable within one year40/41	€2k	€24k	▲ 980%
Trade receivables40	€2k	-	-
Other amounts receivable41	€28	€24k	▲ 84,254%
Cash at bank and in hand54/58	€11k	€8k	▼ 25.5%
Deferred charges and accrued income490/1	-	€1k	-
Equity and liabilities
Total equity and liabilities10/49	€25k	€43k	▲ 73.4%
Equity10/15	€12k	€18k	▲ 53.3%
Contributions10/11	€2k	€2k	=
Profit (loss) carried forward14	€10k	€16k	▲ 64.4%
Amounts payable17/49	€13k	€25k	▲ 91.0%
Amounts payable after more than one year17	-	€3k	-
Financial debts170/4	-	€3k	-
Amounts payable within one year42/48	€13k	€23k	▲ 71.7%
Current portion of amounts payable after more than one year42	-	€4k	-
Trade debts44	€458	€3k	▲ 651%
Suppliers440/4	€458	€3k	▲ 651%
Taxes, remuneration and social security45	€11k	€15k	▲ 38.6%
Taxes450/3	€8k	€12k	▲ 57.0%
Remuneration and social security454/9	€3k	€3k	▼ 4.1%
Other amounts payable47/48	€2k	€0	▼ 100%
Accrued charges and deferred income492/3	-	€0	-

Line	2024	2025	Change
Profit (loss) for the period9904	€10k	€6k	▼ 34.6%
+ Depreciation and write-downs630	€1k	€2k	▲ 64.5%
Operating cash flow (approximation)	€11k	€8k	▼ 23.8%
Investment in fixed assets (approximation)	-	€-232	-
Change in cash	-	€-3k	-

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

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

01-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 1 day late

NBB filing

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Flémalle · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

390 m²

Building footprint

145 m²

Parcel 62036A0223/00S000, Wallonia. Linked by address, not a title deed.

3 companies at this address See who is registered here

1 establishment unit

El'immo

Rue Harkay 461, 4400 FlémalleReal estate activities

since 20232.350.210.624

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62036A0223/00S000	Wallonia	390 m²	1 · 145 m²	-

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.

Similar companies · same sector, comparable size

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GARCIA INVEST

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Anderlecht · Eq €17,711

Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 3,773 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded14-09-2023

Fiscal year end31-12

Activities, NACEBEL 2025

68310Real estate agency activities

68322Real estate appraisal on a fee or contract basis

Contact

E-mail elisa_0112@hotmail.com

Phone 0496304508

Scores and ratios are computed by Checked and are not a credit decision.