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Generated 09-08-2026
Active BE 0891.167.308Private limited company

ES PROJECTS

Rue Bonne Foi 24 ·4040 Herstal, Belgium· 19 yrs active
Sector: Specialised construction (43211)
Conclusion Checked

The computed 12-month bankruptcy probability of ES PROJECTS is 0.9% (low). The 2024 annual accounts show equity of €187k and a net result of €31k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 11087 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €187k
Net result €31k
Staff (FTE) 4.1
Better than sector 81%
Snowflake analysis 5 axes · computed by Checked
Health100Profitability84Solvency100Growth78Stability100
92 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 84
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.9% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · micro
€-20k€0€20k€40kOperating result 2020: €30k€30kNet result 2020: €48k€48kOperating result 2021: €2k€2kNet result 2021: €717€717Operating result 2022: €-16k€-16kNet result 2022: €-15k€-15kOperating result 2023: €3k€3kNet result 2023: €2k€2kOperating result 2024: €39k€39kNet result 2024: €31k€31k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€125k€150k€175k€200k€225k2025: €182k (€163k - €200k)2026: €187k (€157k - €216k)2027: €192k (€151k - €233k)2018: €136k2019: €151k2020: €171k2021: €171k2022: €156k2023: €157k2024: €187k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 68.0% 40.9%
better than 81% of 11087 sector peers
Net result €31k €11k
better than 76% of 11069 sector peers
Equity €187k €34k
better than 93% of 11090 sector peers
Gross operating margin €167k €35k
better than 91% of 11060 sector peers
Staff costs €126k €25k
higher than 88% of 4038 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€40k
+831.9% +35% vs sector
Net profit
€31k
+1725.6% +188% vs sector
Cash flow
€32k
+1070.0% +42% vs sector
Total assets
€275k
+3.1% +116% vs sector
Equity
€187k
+18.8% +200% vs sector
Working capital
€189k
+20.1% far above sector median
Employees (FTE)
4
+7.9% 18-24
Staff costs
€126k
-2.9% far above sector median
Income taxes
€5k
- +89% vs sector
Dividends
€800
0.0% -97% vs sector
Debt
€88k
-19.5% +57% vs sector
Debt ≤ 1y
€84k
-21.1% +113% vs sector
Current ratio
3.24
+31.1% +25% vs sector
Quick ratio
3.24
+61.7% +27% vs sector
Solvency
68.0%
+15.2% +22% vs sector
Debt / equity
0.47
-32.2% -42% vs sector
ROE
16.8%
+1437.0% -6% vs sector
ROA
11.4%
+1671.1% +184% vs sector
Interest coverage
9.92
+587.0% -62% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€40k
Net profit€31k
Cash flow€32k
Staff costs€126k
Income taxes€5k
Dividends€800
Total assets€275k
Equity€187k
Debt€88k
of which ≤ 1y€84k
of which > 1y-
Working capital€189k
Employees (FTE)4.1
Ratios (computed)
2024
Current ratio3.24
Quick ratio3.24
Working capital ratio68.8%
Solvency68.0%
Debt / equity0.47
Long-term debt ratio-
Interest coverage9.92
Gross margin-
Net margin-
ROA11.4%
ROE16.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€275k
Fixed assets 21/28€1k
Formation expenses 20€0
Tangible fixed assets 22/27€38
Financial fixed assets 28€1k
Current assets 29/58€273k
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€55k
Cash & bank 54/58€213k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€275k
Equity 10/15€187k
Contributions / capital 10/11€14k
Reserves 13€113k
Accumulated profits (losses) 14€59k
Amounts payable 17/49€88k
Amounts payable within one year 42/48€84k
Trade debts payable within one year 44€22k
Income statement
Gross operating margin 9900€167k
Operating result 9901€39k
Financial income 75€1k
Financial charges 65€4k
Result before taxes 9903€37k
Income taxes 67/77€5k
Net result for the period 9904€31k
Result to be appropriated 9905€31k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43211)
Legal form Private limited company(610)
Incorporation31-07-2007
StatusActive
Postal code4040
Establishment units 1 location
ES PROJECTS
Rue Bonne Foi 24, 4040 Herstalaanleggen en onderhouden van tuinen, parken en het groene gedeelte van sportvelden.
since 20072.164.178.777
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62314F0122/00H011 Wallonia 489 m² 1 · 41 m² 9.2 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
27-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
30-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
29-11-2023
State Gazette act Director changes
Bénédicte LEMAIRE
21-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
28-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
28-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
23-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
31-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
31-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
13-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
18-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
29-11-2023 Change in the board of directors Director changes·Bénédicte LEMAIRE
Notary: Bénédicte LEMAIRE · Ans
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrische installatie45310Stukadoorswerk43310Stukadoorswerk43310Schrijnwerk43320Schrijnwerk43320Schilderen van gebouwen43341Schilderen van gebouwen43341Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Overige gespecialiseerde werkzaamheden in de bouw45250Stukadoorswerk45410Metaalschrijnwerk45422Schilderen45441
Primary activity highlighted.
Names & trade names
Legal nameFR ES PROJECTS
Registered office
Rue Bonne Foi 24
4040 Herstal, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative