ESaP
ActiveSummary
ESaP has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €687k and a net result of €90k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 13.45 against 6.61 in 2024; short-term debt: 7.1% and cash: 17.5% of total assets), and 7.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
92.9%
Return on assets
12.1%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
22 d early
2023
42 d early
2022
4 d early
2021
11 d early
2020
31 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€687k▲ 15.0%
2024 · €597k
2019: €145klowest in 7 years
2020: €173k▲ +19.8% vs 2019
2021: €287k▲ +65.7% vs 2020
2022: €418k▲ +45.6% vs 2021
2023: €522k▲ +24.8% vs 2022
2024: €597k▲ +14.4% vs 2023
2025: €687k▲ +15.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€739k▲ 6.4%
2024 · €695k
2019: €179klowest in 7 years
2020: €202k▲ +12.7% vs 2019
2021: €360k▲ +78.0% vs 2020
2022: €510k▲ +41.8% vs 2021
2023: €563k▲ +10.2% vs 2022
2024: €695k▲ +23.5% vs 2023
2025: €739k▲ +6.4% vs 2024highest in 7 years
2019 → 2025
Net result
€90k▼ 18.8%
2024 · €110k
2019: €63k
2020: €36k▼ -42.3% vs 2019lowest in 7 years
2021: €124k▲ +242% vs 2020
2022: €131k▲ +5.7% vs 2021highest in 7 years
2023: €104k▼ -20.9% vs 2022
2024: €110k▲ +6.6% vs 2023
2025: €90k▼ -18.8% vs 2024
2019 → 2025
Working capital
€652k▲ 19.2%
2024 · €547k
2019: €122klowest in 7 years
2020: €160k▲ +31.3% vs 2019
2021: €280k▲ +74.8% vs 2020
2022: €412k▲ +47.2% vs 2021
2023: €458k▲ +11.0% vs 2022
2024: €547k▲ +19.4% vs 2023
2025: €652k▲ +19.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€287k-€418k▲ 45.6%€522k▲ 24.8%€597k▲ 14.4%€687k▲ 15.0%
2021: €287klowest in 5 years
2022: €418k▲ +45.6% vs 2021
2023: €522k▲ +24.8% vs 2022
2024: €597k▲ +14.4% vs 2023
2025: €687k▲ +15.0% vs 2024highest in 5 years
Operating result€171k-€185k▲ 8.3%€143k▼ 23.0%€156k▲ 9.4%€126k▼ 19.5%
2021: €171k
2022: €185k▲ +8.3% vs 2021highest in 5 years
2023: €143k▼ -23.0% vs 2022
2024: €156k▲ +9.4% vs 2023
2025: €126k▼ -19.5% vs 2024lowest in 5 years
Net result€124k-€131k▲ 5.7%€104k▼ 20.9%€110k▲ 6.6%€90k▼ 18.8%
2021: €124k
2022: €131k▲ +5.7% vs 2021highest in 5 years
2023: €104k▼ -20.9% vs 2022
2024: €110k▲ +6.6% vs 2023
2025: €90k▼ -18.8% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739k
Fixed assets
€35k ▼ 30.7%
Current assets
€704k ▲ 9.3%
Equity and liabilities €739k
Equity
€687k ▲ 15.0%
Debt
€53k ▼ 46.1%
Debt's share of the balance-sheet total falls from 14.1% to 7.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€141k▼
2024 · €171k
Cash flow
€105k▼
2024 · €126k
Current ratio
13.45▲
2024 · 6.61
Quick ratio
13.37▲
2024 · 6.58
Debt to equity
0.08▼
2024 · 0.16
ROE
13.1%▼
2024 · 18.5%
ROA
12.1%▼
2024 · 15.9%
Interest coverage
442.15▲
2024 · 215.45
Debt ≤ 1 year
€52k▼
2024 · €97k
Income taxes
€37k▼
2024 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€695k€739k▲
Fixed assets21/28€51k€35k▼
Tangible fixed assets22/27€51k€35k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€47k€32k▼
Current assets29/58€644k€704k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€98k€68k▼
Trade receivables40€84k€56k▼
Other amounts receivable41€14k€12k▼
Current investments50/53-€500k
Cash at bank and in hand54/58€540k€130k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€695k€739k▲
Equity10/15€597k€687k▲
Contributions10/11€6k€6k=
Reserves13€591k€681k▲
Distributable reserves133€591k€681k▲
Amounts payable17/49€98k€53k▼
Amounts payable within one year42/48€97k€52k▼
Trade debts44€29k€23k▼
Suppliers440/4€29k€23k▼
Taxes, remuneration and social security45€30k€21k▼
Taxes450/3€24k€15k▼
Remuneration and social security454/9€7k€7k=
Other amounts payable47/48€38k€8k▼
Accrued charges and deferred income492/3€300€300=
Income statement
Code20242025
Remuneration, social security and pensions62€50k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€222k€143k▼
Operating profit (loss)9901€156k€126k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€319▼
Recurring financial charges65€795€319▼
Non-recurring financial charges66B€732-
Profit (loss) for the period before taxes9903€157k€127k▼
Income taxes67/77€47k€37k▼
Profit (loss) for the period9904€110k€90k▼
Profit (loss) for the period to be appropriated9905€110k€90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€90k▼
Transfer to equity691/2€110k€90k▼
To other reserves6921€110k€90k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7k | - | - | - |
| Remuneration, social security and pensions62 | - | €105k | €106k | €50k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €11k | €15k | €16k | ▲ 1.2% |
| Other operating charges640/8 | - | €1k | €780 | €1k | €1k | ▲ 38.1% |
| Gross operating margin9900 | €226k | €296k | €260k | €222k | €143k | ▼ 35.8% |
| Operating profit (loss)9901 | €171k | €185k | €143k | €156k | €126k | ▼ 19.5% |
| Financial income75/76B | - | €4k | €4k | €3k | €2k | ▼ 41.6% |
| Recurring financial income75 | €2k | €4k | €4k | €3k | €2k | ▼ 41.6% |
| Financial charges65/66B | - | €2k | €1k | €2k | €319 | ▼ 79.1% |
| Recurring financial charges65 | €86 | €2k | €549 | €795 | €319 | ▼ 59.9% |
| Non-recurring financial charges66B | - | €356 | €486 | €732 | - | - |
| Profit (loss) for the period before taxes9903 | €173k | €187k | €146k | €157k | €127k | ▼ 19.3% |
| Income taxes67/77 | €49k | €56k | €42k | €47k | €37k | ▼ 20.6% |
| Profit (loss) for the period9904 | €124k | €131k | €104k | €110k | €90k | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €124k | €131k | €104k | €110k | €90k | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360k | €510k | €563k | €695k | €739k | ▲ 6.4% |
| Fixed assets21/28 | €7k | €6k | €64k | €51k | €35k | ▼ 30.7% |
| Tangible fixed assets22/27 | €7k | €6k | €64k | €51k | €35k | ▼ 30.7% |
| Plant, machinery and equipment23 | - | €5k | €4k | €4k | €3k | ▼ 34.1% |
| Furniture and vehicles24 | - | €1k | €61k | €47k | €32k | ▼ 30.3% |
| Current assets29/58 | €353k | €504k | €498k | €644k | €704k | ▲ 9.3% |
| Stocks and contracts in progress3 | €2k | €3k | €3k | €3k | €4k | ▲ 25.4% |
| Stocks30/36 | - | €3k | €3k | €3k | €4k | ▲ 25.4% |
| Amounts receivable within one year40/41 | €83k | €68k | €88k | €98k | €68k | ▼ 30.4% |
| Trade receivables40 | - | €54k | €74k | €84k | €56k | ▼ 33.5% |
| Other amounts receivable41 | - | €14k | €13k | €14k | €12k | ▼ 12.0% |
| Current investments50/53 | - | - | - | - | €500k | - |
| Cash at bank and in hand54/58 | €265k | €430k | €406k | €540k | €130k | ▼ 76.0% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €3k | €2k | ▼ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360k | €510k | €563k | €695k | €739k | ▲ 6.4% |
| Equity10/15 | €287k | €418k | €522k | €597k | €687k | ▲ 15.0% |
| Contributions10/11 | - | €41k | €41k | €6k | €6k | = |
| Reserves13 | €246k | €377k | €480k | €591k | €681k | ▲ 15.2% |
| Non-distributable reserves130/1 | - | €5k | €5k | - | - | - |
| Reserves not available under the articles1311 | - | €5k | €5k | - | - | - |
| Distributable reserves133 | - | €372k | €475k | €591k | €681k | ▲ 15.2% |
| Amounts payable17/49 | €73k | €92k | €41k | €98k | €53k | ▼ 46.1% |
| Amounts payable within one year42/48 | €73k | €92k | €40k | €97k | €52k | ▼ 46.3% |
| Trade debts44 | €19k | €34k | €9k | €29k | €23k | ▼ 19.7% |
| Suppliers440/4 | - | €34k | €9k | €29k | €23k | ▼ 19.7% |
| Taxes, remuneration and social security45 | - | €47k | €31k | €30k | €21k | ▼ 29.9% |
| Taxes450/3 | - | €36k | €21k | €24k | €15k | ▼ 38.2% |
| Remuneration and social security454/9 | - | €11k | €10k | €7k | €7k | = |
| Other amounts payable47/48 | - | €11k | €464 | €38k | €8k | ▼ 79.2% |
| Accrued charges and deferred income492/3 | - | €300 | €300 | €300 | €300 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124k | €131k | €104k | €110k | €90k | ▼ 18.8% |
| + Depreciation and write-downs630 | €6k | €5k | €11k | €15k | €16k | ▲ 1.2% |
| Operating cash flow (approximation) | €130k | €136k | €114k | €126k | €105k | ▼ 16.3% |
| Investment in fixed assets (approximation) | - | €-4k | €-69k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €165k | €-25k | €135k | €-410k | ▼ 405% |
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
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity doublescurrent ratio 13.45
Current ratio from 6.61 to 13.45; short-term debt falls from €97k to €52k.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 12.32
Current ratio from 5.49 to 12.32; short-term debt falls from €92k to €40k.
30-06
Financial
Equity above €500kEq €522k ▲24.8%
5 profitable years in a row build equity to €522k.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €131k ▲5.7%
Operating result €185k, net result €131k, both a record.
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200kEq €287k ▲65.7%
3 profitable years in a row build equity to €287k.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €36k ▼42.3%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
Show earlier events
30-06
Financial
Equity above €150kEq €173k ▲19.8%
2 profitable years in a row build equity to €173k.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2009
Ground area
905 m²
Building footprint
211 m²
Volume, LiDAR
934 m³
Parcel 71055A0127/00X000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ESaP
since 20092.176.719.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71055A0127/00X000 | Flanders | 905 m² | 1 · 211 m² | 6.5 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 5,706 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
Founded05-02-2009
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
46431Wholesale of electrical household appliances and audio-video equipment
Scores and ratios are computed by Checked and are not a credit decision.