Energy Services Management
ActiveEnergy Services Management has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416k and a net result of €109k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 21% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+51
Solvency13▲+5
Growth85▲+17
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.63 in 2024), and 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
10.6%
Return on assets
2.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4123 sector peers (2025).
NBB · sector comparisonPosition among 4123 sector peers
Solvency
better than 21%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
1 d early
2023
9 d early
2022
18 d early
2021
24 d early
2020
24 d early
2019
22 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.56M▲ 153%
2024 · €3.78M
2023: €1.56M
2024: €3.78M
2023 → 2025
EBIT margin
2.4%▲ 7.1pp
2024 · -4.6%
2023: -1.1%
2024: -4.6%
2023 → 2025
Net result
€109k
2024 · €-273k
2018: €-127k
2019: €6k
2020: €-1k
2021: €16k
2022: €-20k
2023: €-4k
2024: €-273k
2018 → 2025
Working capital
€-225k▲ 37.1%
2024 · €-358k
2018: €248k
2019: €572k
2020: €437k
2021: €472k
2022: €442k
2023: €38k
2024: €-358k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.56M€3.78M▲ 143%€9.56M▲ 153%
Equity€603k-€583k▼ 3.3%€580k▼ 0.6%€307k▼ 47.0%€416k▲ 35.6%
Operating result€16k-€-22k€-18k▲ 20.3%€-176k▼ 886%€231k
Net result€16k-€-20k€-4k▲ 82.5%€-273k▼ 7,640%€109k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €231k after a loss of €176k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.91M
Fixed assets
€3.09M▼ 5.5%
Current assets
€822k▲ 33.0%
Equity and liabilities €3.91M
Equity
€416k▲ 35.6%
Provisions
€16k
Debt
€3.48M▼ 2.8%
The debt ratio falls from 92.1% to 89.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€449k▲
2024 · €-96k
Cash flow
€327k▲
2024 · €-193k
Solvency
10.6%▲
2024 · 7.9%
Current ratio
0.78▲
2024 · 0.63
Quick ratio
0.55▲
2024 · 0.39
Debt / equity
8.35▼
2024 · 11.66
ROE
26.3%▲
2024 · -88.8%
ROA
2.8%▲
2024 · -7.0%
Interest coverage
3.56▲
2024 · -0.96
Debt
€3.48M▼
2024 · €3.58M
Debt ≤ 1 year
€1.05M▲
2024 · €976k
Debt > 1 year
€2.43M▼
2024 · €2.60M
Income taxes
€211▲
2024 · €18
Staff costs
€107k▲
2024 · €38k
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€3.89M€3.91M▲
Fixed assets21/28€3.27M€3.09M▼
Intangible fixed assets21€145k€144k▼
Tangible fixed assets22/27€3.04M€2.83M▼
Land and buildings22€2.52M€2.39M▼
Plant, machinery and equipment23€405k€352k▼
Furniture and vehicles24€112k€92k▼
Financial fixed assets28€89k€115k▲
Current assets29/58€618k€822k▲
Stocks and contracts in progress3€239k€242k▲
Stocks30/36€239k€242k▲
Amounts receivable within one year40/41€187k€412k▲
Trade receivables40€172k€408k▲
Other amounts receivable41€16k€5k▼
Cash at bank and in hand54/58€151k€122k▼
Deferred charges and accrued income490/1€41k€45k▲
Equity and liabilities
Total equity and liabilities10/49€3.89M€3.91M▲
Equity10/15€307k€416k▲
Contributions10/11€512k€512k=
Capital10€512k€512k=
Issued capital100€512k€512k=
Reserves13€235k€235k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€172k€172k=
Profit (loss) carried forward14€-440k€-330k▲
Provisions and deferred taxes16-€16k
Provisions for liabilities and charges160/5-€16k
Taxes161-€16k
Amounts payable17/49€3.58M€3.48M▼
Amounts payable after more than one year17€2.60M€2.43M▼
Financial debts170/4€2.60M€2.43M▼
Amounts payable within one year42/48€976k€1.05M▲
Current portion of amounts payable after more than one year42€161k€168k▲
Trade debts44€737k€787k▲
Suppliers440/4€737k€787k▲
Taxes, remuneration and social security45€78k€92k▲
Taxes450/3€74k€82k▲
Remuneration and social security454/9€4k€10k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Turnover70€3.78M€9.56M▲
Non-recurring operating income76A€2k€83k▲
Goods, raw materials, services and sundry goods60/61€3.85M€9.13M▲
Remuneration, social security and pensions62€38k€107k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€218k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€16k
Other operating charges640/8€2k€5k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€-55k€584k▲
Operating profit (loss)9901€-176k€231k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€100k€126k▲
Recurring financial charges65€100k€126k▲
Profit (loss) for the period before taxes9903€-272k€110k▲
Income taxes67/77€18€211▲
Profit (loss) for the period9904€-273k€109k▲
Profit (loss) for the period to be appropriated9905€-273k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-440k€-330k▲
Profit (loss) brought forward from the previous period14P€-167k€-440k▼
Social balance
Average headcount (FTE)9087-2.6
The notes to these accounts (23 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €109k
Net result €109k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-273k
Net result drops to €-273k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 50.69
Current ratio from 12.39 to 50.69; short-term debt falls from €50k to €9k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Equity above €500kEq €588k ▲345%
Equity rises from €132k to €588k.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Liège · 2 establishment units since 2019
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 Léon-Frédéricq 144020 LiègeGround area
4.0 ha
Building footprint
1.8 ha
Volume, LiDAR
156,618 m³
3 parcels, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Station-service Châtelet
since 20192.329.172.809
Station-service Damré
since 20242.358.089.103
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067E0887/00E000 | Wallonia | 3.8 ha | 1 · 1.7 ha | 10.8 m · 3 fl. |
| 62817C0019/00X005 | Wallonia | 1,335 m² | 1 · 388 m² | 14.2 m · 3 fl. |
| 52012A0064/00T003 | Wallonia | 144 m² | 1 · 19 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSprimont2.358.089.103
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TMY
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Of 1,260 companies in sector 47300 we hold annual accounts for 944. 693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-11-1995
Fiscal year end31-12
Abbreviation FR
ESM
Activities, NACEBEL
47300Retail sale of automotive fuel
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52481
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.