E.S.R. IMMO
ActiveE.S.R. IMMO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €-58k. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 4502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
13
/ 100
Critical▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33=
Solvency9▲+8
Growth22=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.0 in 2024), and 87.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €193k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
16 d early
2023
29 d early
2022
34 d early
2021
20 d early
2020
17 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€62k▲ 3.1%
2024 · €60k
2018: €3.42M
2019: €10.04M
2020: €0
2021: €419k
2022: €0
2023: €20k
2024: €60k
2018 → 2025
EBIT margin
-23.6%▼ 22.8pp
2024 · -0.8%
2018: 7.7%
2019: -2.1%
2021: -3.4%
2023: -146.9%
2024: -0.8%
2018 → 2025
Net result
€-58k▼ 19.1%
2024 · €-49k
2018: €214k
2019: €-186k
2020: €102k
2021: €-15k
2022: €-22k
2023: €-57k
2024: €-49k
2018 → 2025
Working capital
€-115k▲ 56.8%
2024 · €-267k
2018: €232k
2019: €63k
2020: €168k
2021: €153k
2022: €85k
2023: €-206k
2024: €-267k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€419k-€0▼ 100%€20k€60k▲ 202%€62k▲ 3.1%
Equity€153k-€131k▼ 14.3%€75k▼ 43.0%€26k▼ 65.4%€193k▲ 644%
Operating result€-14k-€-18k▼ 27.0%€-29k▼ 64.5%€-501▲ 98.3%€-15k▼ 2,843%
Net result€-15k-€-22k▼ 44.3%€-57k▼ 159%€-49k▲ 13.4%€-58k▼ 19.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €501 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.50M
Fixed assets
€1.50M▼ 4.2%
Current assets
€4k▲ 319%
Equity and liabilities €1.50M
Equity
€193k▲ 644%
Debt
€1.31M▼ 14.9%
The debt ratio falls from 98.3% to 87.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€50k▼
2024 · €64k
Cash flow
€6k▼
2024 · €16k
Solvency
12.8%▲
2024 · 1.7%
Current ratio
0.04▲
2024 · 0.00
Quick ratio
0.04▲
2024 · 0.00
Debt / equity
6.78▼
2024 · 59.28
ROE
-30.3%▲
2024 · -189.0%
ROA
-3.9%▼
2024 · -3.1%
Interest coverage
1.19▼
2024 · 1.37
Debt
€1.31M▼
2024 · €1.53M
Debt ≤ 1 year
€120k▼
2024 · €268k
Debt > 1 year
€1.19M▼
2024 · €1.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.50M▼
Fixed assets21/28€1.56M€1.50M▼
Tangible fixed assets22/27€1.56M€1.50M▼
Land and buildings22€1.56M€1.50M▼
Current assets29/58€1k€4k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€34€0▼
Trade receivables40€0-
Other amounts receivable41€34€0▼
Deferred charges and accrued income490/1€995€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.50M▼
Equity10/15€26k€193k▲
Contributions10/11€75k€300k▲
Capital10€75k€300k▲
Issued capital100€75k€300k▲
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Profit (loss) carried forward14€-57k€-115k▼
Amounts payable17/49€1.53M€1.31M▼
Amounts payable after more than one year17€1.27M€1.19M▼
Financial debts170/4€1.27M€1.19M▼
Credit institutions173€1.27M€1.19M▼
Amounts payable within one year42/48€268k€120k▼
Current portion of amounts payable after more than one year42€77k€79k▲
Financial debts43€88k€40k▼
Credit institutions430/8€88k€40k▼
Trade debts44€103k€108▼
Suppliers440/4€103k€108▼
Taxes, remuneration and social security45€34€34=
Taxes450/3€34€34=
Accrued charges and deferred income492/3€96€96=
Income statement
Code20242025
Operating income70/76A€81k€68k▼
Turnover70€60k€62k▲
Other operating income74€3k€2k▼
Non-recurring operating income76A€17k€4k▼
Operating charges60/66A€81k€83k▲
Services and other goods61€16k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€65k=
Other operating charges640/8€634€127▼
Operating profit (loss)9901€-501€-15k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Income from current assets751€0-
Other financial income752/9€2€0▼
Financial charges65/66B€48k€44k▼
Recurring financial charges65€48k€44k▼
Debt charges650€47k€42k▼
Other financial charges652/9€1k€2k▲
Profit (loss) for the period before taxes9903€-49k€-58k▼
Profit (loss) for the period9904€-49k€-58k▼
Profit (loss) for the period to be appropriated9905€-49k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-115k▼
Profit (loss) brought forward from the previous period14P€-8k€-57k▼
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €150kEq €193k ▲644%
Equity rises from €26k to €193k.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 12current ratio 15.51
Current ratio from 1.32 to 15.51; short-term debt falls from €520k to €11k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
31-12
Financial
Equity above €150kEq €168k ▲152%
Equity rises from €67k to €168k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-186k ▼187%
Net result drops to €-186k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-07-2022
ELOY Pierre: Resigned as Director
01-09-2016
Florence ELOY: Resigned as Director
01-09-2016
Louis ELOY: Resigned as Director
Location & real-estate footprint
Registered office, Sprimont · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Spinettes 134140 SprimontGround area
2.6 ha
Building footprint
3,642 m²
Volume, LiDAR
25,875 m³
Parcel 62067E0796/00G000, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
E.S.R. IMMO
since 20122.207.210.155
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067E0796/00G000 | Wallonia | 2.6 ha | 1 · 3,642 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 5,302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-02-2012
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.