ESA
ActiveSummary
The computed 12-month bankruptcy probability of ESA is 3.5% (moderate). For ESA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €39,395 and a net result of -€41,294. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 24624 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-94
Solvency61▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
36%
Return on assets
-37.7%
Age of the figures
33 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-01-2025, 155 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
155 d late
2022
59 d late
2021
61 d late
2020
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 79 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€39,395▼ 51.2%
2022 · €80,689
Total assets
€109,529▼ 34.8%
2022 · €167,899
Net result
-€41,294
2022 · €34,060
Working capital
€19,570▼ 65.5%
2022 · €56,761
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result-€3,932-€22,190€46,813▲ 111%-€39,841
Net result-€5,303below the sector's middle half-€19,432within the sector's middle half€34,060above the sector's middle half▲ 75.3%-€41,294below the sector's middle half
Equity€39,197within the sector's middle half-€46,629within the sector's middle half▲ 19.0%€80,689within the sector's middle half▲ 73.0%€39,395within the sector's middle half▼ 51.2%
Total assets€97,024within the sector's middle half-€122,407within the sector's middle half▲ 26.2%€167,899within the sector's middle half▲ 37.2%€109,529within the sector's middle half▼ 34.8%
Debt€57,827-€75,778▲ 31.0%€87,210▲ 15.1%€70,133▼ 19.6%
Working capital€4,420within the sector's middle half-€17,137within the sector's middle half▲ 288%€56,761within the sector's middle half▲ 231%€19,570within the sector's middle half▼ 65.5%
Solvency40.4%within the sector's middle half-38.1%within the sector's middle half▼ 2.3pp48.1%within the sector's middle half▲ 10.0pp36.0%within the sector's middle half▼ 12.1pp
Current ratio1.11within the sector's middle half-1.27within the sector's middle half▲ 0.171.73within the sector's middle half▲ 0.461.31within the sector's middle half▼ 0.42
Return on assets (ROA)-5.5%below the sector's middle half-15.9%above the sector's middle half▲ 21.3pp20.3%above the sector's middle half▲ 4.4pp-37.7%below the sector's middle half▼ 58.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2023: a loss of €39,841 after €46,813 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €109,529
Fixed assets
€26,278 ▼ 21.4%
Current assets
€83,250 ▼ 38.1%
Equity and liabilities €109,529
Equity
€39,395 ▼ 51.2%
Debt
€70,133 ▼ 19.6%
Debt's share of the balance-sheet total rises from 51.9% to 64.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€30,919▼
2022 · €58,142
Cash flow
-€32,371▼
2022 · €45,389
Quick ratio
0.42▼
2022 · 0.52
Debt to equity
1.78▲
2022 · 1.08
ROE
-104.8%▼
2022 · 42.2%
Interest coverage
-20.78▼
2022 · 46.41
Debt ≤ 1 year
€63,681▼
2022 · €77,687
Debt > 1 year
€6,453▼
2022 · €9,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,784 | €10,738 | €11,329 | €8,923 | ▼ 21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,875 | -€3,875 | ▼ 200% |
| Other operating charges640/8 | - | €1,151 | €1,008 | €593 | ▼ 41.2% |
| Gross operating margin9900 | €5,744 | €34,079 | €63,025 | -€34,201 | ▼ 154% |
| Operating profit (loss)9901 | -€3,932 | €22,190 | €46,813 | -€39,841 | ▼ 185% |
| Financial income75/76B | - | - | - | €35 | - |
| Recurring financial income75 | €0 | - | - | €35 | - |
| Financial charges65/66B | - | €958 | €1,253 | €1,488 | ▲ 18.8% |
| Recurring financial charges65 | €1,371 | €958 | €1,253 | €1,488 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | -€5,303 | €21,232 | €45,560 | -€41,294 | ▼ 191% |
| Income taxes67/77 | - | €1,800 | €11,500 | - | - |
| Profit (loss) for the period9904 | -€5,303 | €19,432 | €34,060 | -€41,294 | ▼ 221% |
| Profit (loss) for the period to be appropriated9905 | -€5,303 | €19,432 | €34,060 | -€41,294 | ▼ 221% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €97,024 | €122,407 | €167,899 | €109,529 | ▼ 34.8% |
| Fixed assets21/28 | €50,602 | €42,074 | €33,451 | €26,278 | ▼ 21.4% |
| Intangible fixed assets21 | €24,261 | €21,127 | €17,516 | €15,099 | ▼ 13.8% |
| Tangible fixed assets22/27 | €24,641 | €19,247 | €14,235 | €7,729 | ▼ 45.7% |
| Furniture and vehicles24 | - | €19,247 | €14,235 | €7,729 | ▼ 45.7% |
| Financial fixed assets28 | €1,700 | €1,700 | €1,700 | €3,450 | ▲ 103% |
| Current assets29/58 | €46,423 | €80,333 | €134,448 | €83,250 | ▼ 38.1% |
| Stocks and contracts in progress3 | €24,309 | €51,430 | €94,399 | €56,355 | ▼ 40.3% |
| Stocks30/36 | - | €51,430 | €94,399 | €56,355 | ▼ 40.3% |
| Amounts receivable within one year40/41 | €4,982 | €6,395 | €17,794 | €3,328 | ▼ 81.3% |
| Trade receivables40 | - | €6,395 | €17,794 | €3,328 | ▼ 81.3% |
| Cash at bank and in hand54/58 | €14,376 | €20,173 | €19,920 | €20,962 | ▲ 5.2% |
| Deferred charges and accrued income490/1 | - | €2,336 | €2,336 | €2,605 | ▲ 11.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €97,024 | €122,407 | €167,899 | €109,529 | ▼ 34.8% |
| Equity10/15 | €39,197 | €46,629 | €80,689 | €39,395 | ▼ 51.2% |
| Contributions10/11 | - | €44,500 | €44,500 | €44,500 | = |
| Profit (loss) carried forward14 | -€5,303 | €2,129 | €36,189 | -€5,105 | ▼ 114% |
| Amounts payable17/49 | €57,827 | €75,778 | €87,210 | €70,133 | ▼ 19.6% |
| Amounts payable after more than one year17 | €14,995 | €12,197 | €9,350 | €6,453 | ▼ 31.0% |
| Financial debts170/4 | - | €12,197 | €9,350 | €6,453 | ▼ 31.0% |
| Amounts payable within one year42/48 | €42,003 | €63,197 | €77,687 | €63,681 | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €2,798 | €2,847 | €2,897 | ▲ 1.8% |
| Trade debts44 | €2,615 | €11,638 | €22,428 | €21,241 | ▼ 5.3% |
| Suppliers440/4 | - | €11,638 | €22,428 | €21,241 | ▼ 5.3% |
| Taxes, remuneration and social security45 | - | €9,405 | €23,972 | €14,665 | ▼ 38.8% |
| Taxes450/3 | - | €9,405 | €23,972 | €14,665 | ▼ 38.8% |
| Other amounts payable47/48 | - | €39,356 | €28,441 | €24,878 | ▼ 12.5% |
| Accrued charges and deferred income492/3 | - | €385 | €173 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,303 | €19,432 | €34,060 | -€41,294 | ▼ 221% |
| + Depreciation and write-downs630 | €8,784 | €10,738 | €11,329 | €8,923 | ▼ 21.2% |
| Operating cash flow (approximation) | €3,481 | €30,170 | €45,389 | -€32,371 | ▼ 171% |
| Investment in fixed assets (approximation) | - | -€2,210 | -€2,706 | -€1,750 | ▲ 35.3% |
| Change in cash | - | €5,797 | -€253 | €1,042 | ▲ 511% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-08
State Gazette act
Resignations: Simon Stordeur, Anaël Stordeur and Valérie KievitsDirector discharge · Registered-office move8 facts ▸
State Gazette act
Resignations: Simon Stordeur, Anaël Stordeur and Valérie Kievits
Director discharge · Registered-office move8 facts ▸
- General meeting, 22-06-2026
- Director resignation, Simon Stordeur (director)
- Director resignation, Anaël Stordeur (director)
- Director resignation, Valérie Kievits (director)
- Director discharge, Simon Stordeur (director)
- Director discharge, Anaël Stordeur (director)
- Director discharge, Valérie Kievits (director)
- Registered-office move, Chaussée de Tirlemont 573, 1370 Jodoigne
2025
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 155 days late
2023
31-12
Financial
Weakest financial yearnet -€41,294
Net result drops to -€41,294, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Highest result since 2020net €34,060 ▲75.3%
Operating result €46,813, net result €34,060, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €19,432
Net result €19,432 after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2024
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.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Jodoigne · 1 establishment unit since 2020
Ground area
594 m²
Building footprint
101 m²
Volume, LiDAR
593 m³
Parcel 25114B0155/00G000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESA
since 20202.304.589.049
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25114B0155/00G000 | Wallonia | 594 m² | 1 · 101 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Anaël Stordeur |
|
| Simon Stordeur |
|
| Valérie Kievits |
|
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Of 426 companies in sector 47553 we hold annual accounts for 169. 118 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47553Retail trade
46441Wholesale trade
70200Business and other management consultancy
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
77223Rental and leasing activities
82990Other business support services
E-invoicing
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Register as of 28 September 2026 · Peppol Directory
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