ES WORKS
ActiveThe computed 12-month bankruptcy probability of ES WORKS is 1.7% (moderate). The 2025 annual accounts show equity of €20k and a net result of €-8k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 542 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-14
Solvency39▼-12
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.63 against 0.32 in 2024; short-term debt: 85.7% and cash: 0.6% of total assets), and 85.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.3%
Return on assets
-5.7%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 542 sector peers (2025).
NBB · sector comparisonPosition among 542 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
45 d early
2024
1 d early
2023
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 28.5%
2024 · €28k
2023: €22k
2024: €28k
2023 → 2025
Total assets
€142k▲ 29.9%
2024 · €109k
2023: €58k
2024: €109k
2023 → 2025
Net result
€-8k
2024 · €6k
2023: €19k
2024: €6k
2023 → 2025
Working capital
€-45k▲ 18.5%
2024 · €-55k
2023: €-10k
2024: €-55k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€22k-€28k▲ 28.9%€20k▼ 28.5%
Operating result€25k-€8k▼ 67.0%€-6k
Net result€19k-€6k▼ 66.5%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€65k▼ 21.8%
Current assets
€77k▲ 197%
Equity and liabilities €142k
Equity
€20k▼ 28.5%
Debt
€122k▲ 50.5%
The debt ratio rises from 74.0% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €21k
Cash flow
€17k▼
2024 · €19k
Solvency
14.3%▼
2024 · 26.0%
Current ratio
0.63▲
2024 · 0.32
Quick ratio
0.63▲
2024 · 0.32
Debt / equity
5.98▲
2024 · 2.84
ROE
-39.9%▼
2024 · 22.4%
ROA
-5.7%▼
2024 · 5.8%
Interest coverage
9.56▼
2024 · 35.02
Debt
€122k▲
2024 · €81k
Debt ≤ 1 year
€122k▲
2024 · €81k
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€109k€142k▲
Formation expenses20€482€266▼
Fixed assets21/28€83k€65k▼
Tangible fixed assets22/27€83k€65k▼
Land and buildings22€14k€12k▼
Plant, machinery and equipment23€690€14▼
Furniture and vehicles24€47k€35k▼
Other tangible fixed assets26€21k€18k▼
Current assets29/58€26k€77k▲
Amounts receivable within one year40/41€4k€76k▲
Trade receivables40€3k€73k▲
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€22k€898▼
Deferred charges and accrued income490/1€117-
Equity and liabilities
Total equity and liabilities10/49€109k€142k▲
Equity10/15€28k€20k▼
Contributions10/11€3k€3k=
Reserves13-€17k
Distributable reserves133-€17k
Profit (loss) carried forward14€25k-
Amounts payable17/49€81k€122k▲
Amounts payable within one year42/48€81k€122k▲
Trade debts44€52k€63k▲
Suppliers440/4€52k€63k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€1k-
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€26k€57k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€25k▲
Other operating charges640/8€1k€529▼
Gross operating margin9900€22k€20k▼
Operating profit (loss)9901€8k€-6k▼
Financial income75/76B€24-
Recurring financial income75€24-
Financial charges65/66B€607€2k▲
Recurring financial charges65€607€2k▲
Profit (loss) for the period before taxes9903€8k€-8k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€6k€-8k▼
Profit (loss) for the period to be appropriated9905€6k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€17k▼
Profit (loss) brought forward from the previous period14P€19k€25k▲
Transfer to equity691/2-€17k
To other reserves6921-€17k
The notes to these accounts (5 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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-8k ▼227%
Net result drops to €-8k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Maaseik · 1 establishment unit since 2021
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.
Beukenlaan 343680 MaaseikGround area
1,127 m²
Building footprint
188 m²
Parcel 72024F0618/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
ES WORKS
since 20212.325.951.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024F0618/00A000 | Flanders | 1,127 m² | 1 · 188 m² | - |
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.
Similar companies · same sector, comparable size
DE WEVER TOM
BE 0898.187.435
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CREA ZONE
BE 0822.350.261
Zemst · Eq €21k
BL MAISON
BE 0764.697.025
Amay · Eq €21k
BETONTRAPSPECIALIST
BE 0797.875.973
Herk-de-Stad · Eq €21k
KLERKS AFWERKING
BE 0748.996.485
Herselt · Eq €20k
Of 1,599 companies in sector 16230 we hold annual accounts for 783. 464 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2021
Fiscal year end30-09
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43331Floor and wall tiling
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.