E.S. SYSTEMS
ActiveE.S. SYSTEMS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €302k. Equity is growing by ~69.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency65▼-8
Growth85=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.98 in 2024), but 67.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.7%
Return on assets
8.6%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 7 filingsDeviation from the deadline
2025
3 d late
2024
29 d late
2023
31 d late
2022
92 d late
2021
153 d late
2020
2 d early
2019
31 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.32M▲ 77.8%
2019 · €740k
2019: €740k
2019 → 2020
EBIT margin
12.3%▲ 8.4pp
2019 · 3.9%
2019: 3.9%
2019 → 2020
Net result
€302k▲ 38.8%
2024 · €218k
2019: €23k
2020: €114k
2021: €135k
2022: €208k
2023: €339k
2024: €218k
2019 → 2025
Working capital
€456k▼ 7.6%
2024 · €494k
2019: €33k
2020: €153k
2021: €290k
2022: €221k
2023: €391k
2024: €494k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€290k-€498k▲ 71.7%€837k▲ 68.0%€1.06M▲ 26.0%€1.15M▲ 9.4%
Operating result€198k-€319k▲ 61.0%€526k▲ 64.8%€350k▼ 33.5%€479k▲ 36.9%
Net result€135k-€208k▲ 53.8%€339k▲ 62.9%€218k▼ 35.8%€302k▲ 38.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.53M
Fixed assets
€2.32M▲ 3.9%
Current assets
€1.21M▲ 21.1%
Equity and liabilities €3.53M
Equity
€1.15M▲ 9.4%
Debt
€2.38M▲ 9.1%
The debt ratio falls from 67.4% to 67.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€508k▲
2024 · €400k
Cash flow
€331k▲
2024 · €268k
Solvency
32.7%▲
2024 · 32.6%
Current ratio
1.61▼
2024 · 1.98
Quick ratio
1.14▼
2024 · 1.73
Debt / equity
2.06▼
2024 · 2.06
ROE
26.2%▲
2024 · 20.6%
ROA
8.6%▲
2024 · 6.7%
Interest coverage
12.59▲
2024 · 11.70
Debt
€2.38M▲
2024 · €2.18M
Debt ≤ 1 year
€750k▲
2024 · €502k
Debt > 1 year
€1.63M▼
2024 · €1.68M
Income taxes
€138k▲
2024 · €99k
Staff costs
€252k▲
2024 · €137k
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€3.23M€3.53M▲
Fixed assets21/28€2.24M€2.32M▲
Tangible fixed assets22/27€2.24M€2.32M▲
Land and buildings22€640k€643k▲
Plant, machinery and equipment23€13k€19k▲
Furniture and vehicles24€57k€61k▲
Assets under construction and advance payments27€1.53M€1.60M▲
Financial fixed assets28€800€1k▲
Current assets29/58€996k€1.21M▲
Stocks and contracts in progress3€125k€352k▲
Stocks30/36€125k€352k▲
Amounts receivable within one year40/41€262k€305k▲
Trade receivables40€162k€193k▲
Other amounts receivable41€101k€112k▲
Cash at bank and in hand54/58€605k€537k▼
Deferred charges and accrued income490/1€4k€12k▲
Equity and liabilities
Total equity and liabilities10/49€3.23M€3.53M▲
Equity10/15€1.06M€1.15M▲
Contributions10/11€19k€19k=
Reserves13€1.04M€1.14M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.03M€1.13M▲
Amounts payable17/49€2.18M€2.38M▲
Amounts payable after more than one year17€1.68M€1.63M▼
Financial debts170/4€1.68M€1.63M▼
Amounts payable within one year42/48€502k€750k▲
Current portion of amounts payable after more than one year42€142k€228k▲
Trade debts44€46k€84k▲
Suppliers440/4€46k€84k▲
Taxes, remuneration and social security45€136k€64k▼
Taxes450/3€102k€21k▼
Remuneration and social security454/9€34k€43k▲
Other amounts payable47/48€179k€374k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€2k▼
Remuneration, social security and pensions62€137k€252k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€29k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€540k€762k▲
Operating profit (loss)9901€350k€479k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€34k€40k▲
Recurring financial charges65€34k€40k▲
Profit (loss) for the period before taxes9903€317k€440k▲
Income taxes67/77€99k€138k▲
Profit (loss) for the period9904€218k€302k▲
Profit (loss) for the period to be appropriated9905€218k€302k▲
Appropriation of the result
Profit (loss) to be appropriated9906€218k€302k▲
Transfer from equity791/2-€203k
Transfer to equity691/2€218k€302k▲
To other reserves6921€218k€302k▲
Profit to be distributed694/7-€203k
Return on contributions (dividend)694-€203k
The notes to these accounts (8 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €1MEq €1.06M ▲26%
6 profitable years in a row build equity to €1.06M.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2019net €339k ▲62.9%
Operating result €526k, net result €339k, both a record.
31-12
Financial
Equity above €500kEq €837k ▲68%
5 profitable years in a row build equity to €837k.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Equity above €200kEq €290k ▲87.2%
3 profitable years in a row build equity to €290k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €155k ▲276%
2 profitable years in a row build equity to €155k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heusden-Zolder · 1 establishment unit since 2018
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.
Waterleidingstraat 13550 Heusden-ZolderGround area
470 m²
Building footprint
347 m²
Volume, LiDAR
3,449 m³
Parcel 71502B0050/00Z002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
E.S. Systems
since 20182.281.026.561
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0050/00Z002 | Flanders | 470 m² | 1 · 347 m² | 11.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 878 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 878 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 4,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-06-2018
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.