ESAY
ActiveSummary
The computed 12-month bankruptcy probability of ESAY is 2.2% (moderate). The 2024 annual accounts show equity of €59,052 and a net result of -€3,355. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 18932 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-20
Solvency47▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.09 against 2.42 in 2023; short-term debt: 7.5% and cash: 10.6% of total assets), but 77.6% of the assets are financed with debt.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
22.4%
Return on assets
-1.3%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
6 d late
2022
20 d early
2021
29 d late
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€76,686▲ 10.4%
2020 · €69,488
EBIT margin
16.0%▼ 5.4pp
2020 · 21.3%
Net result
-€3,355
2023 · €2,600
Working capital
€21,659▼ 15.9%
2023 · €25,749
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€69,488€76,686▲ 10.4%
Operating result€14,822▲ 60.5%€12,240▼ 17.4%€15,767▲ 28.8%€6,468▼ 59.0%€4,470▼ 30.9%
Net result€12,455▲ 35.1%€1,758▼ 85.9%€7,983▲ 354%€2,600▼ 67.4%-€3,355
EBIT margin21.3%16.0%▼ 5.4pp
Equity€50,065▲ 33.1%€51,824▲ 3.5%€59,807▲ 15.4%€62,407▲ 4.3%€59,052▼ 5.4%
Total assets€55,525▲ 39.0%€280,595▲ 405%€280,915▲ 0.1%€274,966▼ 2.1%€264,150▼ 3.9%
Debt€5,459▲ 133%€228,771▲ 4,090%€221,108▼ 3.3%€212,559▼ 3.9%€205,098▼ 3.5%
Working capital€50,065▲ 33.1%€22,211▼ 55.6%€26,401▲ 18.9%€25,749▼ 2.5%€21,659▼ 15.9%
Staff (FTE)11=1=1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 31% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264,150
Fixed assets
€222,660 ▼ 3.6%
Current assets
€41,490 ▼ 5.6%
Equity and liabilities €264,150
Equity
€59,052 ▼ 5.4%
Debt
€205,098 ▼ 3.5%
Debt's share of the balance-sheet total rises from 77.3% to 77.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,843▼
2023 · €14,840
Cash flow
€5,018▼
2023 · €10,973
Current ratio
2.09▼
2023 · 2.42
Debt to equity
3.47▲
2023 · 3.41
ROE
-5.7%▼
2023 · 4.2%
ROA
-1.3%▼
2023 · 0.9%
Interest coverage
2.84▼
2023 · 4.97
Debt ≤ 1 year
€19,831▲
2023 · €18,183
Debt > 1 year
€185,267▼
2023 · €194,375
Income taxes
€3,319▲
2023 · €1,259
Staff costs
€25,134▼
2023 · €27,691
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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €69,488 | €76,686 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €54,752 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €2,858 | €11,980 | €27,691 | €25,134 | ▼ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €5,507 | €8,373 | €8,373 | €8,373 | = |
| Other operating charges640/8 | - | €1,329 | €953 | €5,075 | €2,740 | ▼ 46.0% |
| Gross operating margin9900 | €18,297 | €21,934 | €37,072 | €47,606 | €40,717 | ▼ 14.5% |
| Operating profit (loss)9901 | €14,822 | €12,240 | €15,767 | €6,468 | €4,470 | ▼ 30.9% |
| Financial income75/76B | - | €6 | €206 | €381 | €12 | ▼ 96.9% |
| Recurring financial income75 | €0 | €6 | €0 | €381 | €12 | ▼ 96.9% |
| Non-recurring financial income76B | - | - | €205 | €381 | - | - |
| Financial charges65/66B | - | €3,131 | €4,959 | €2,989 | €4,519 | ▲ 51.2% |
| Recurring financial charges65 | €215 | €3,131 | €4,959 | €2,989 | €4,519 | ▲ 51.2% |
| Profit (loss) for the period before taxes9903 | €14,607 | €9,115 | €11,013 | €3,860 | -€37 | ▼ 101% |
| Income taxes67/77 | €2,152 | €7,356 | €3,031 | €1,259 | €3,319 | ▲ 163% |
| Profit (loss) for the period9904 | €12,455 | €1,758 | €7,983 | €2,600 | -€3,355 | ▼ 229% |
| Profit (loss) for the period to be appropriated9905 | €12,455 | €1,758 | €7,983 | €2,600 | -€3,355 | ▼ 229% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,525 | €280,595 | €280,915 | €274,966 | €264,150 | ▼ 3.9% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | - | €255,693 | €239,406 | €231,033 | €222,660 | ▼ 3.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €255,693 | €239,406 | €231,033 | €222,660 | ▼ 3.6% |
| Land and buildings22 | - | €255,693 | €239,406 | €231,033 | €222,660 | ▼ 3.6% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €55,525 | €24,902 | €41,509 | €43,933 | €41,490 | ▼ 5.6% |
| Stocks and contracts in progress3 | €0 | - | €698 | - | - | - |
| Stocks30/36 | - | - | €698 | - | - | - |
| Amounts receivable within one year40/41 | €15,183 | €5,950 | €6,765 | €8,144 | €13,289 | ▲ 63.2% |
| Trade receivables40 | - | €4,331 | €4,331 | €4,677 | €5,702 | ▲ 21.9% |
| Other amounts receivable41 | - | €1,619 | €2,434 | €3,466 | €7,587 | ▲ 119% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €39,792 | €18,952 | €33,984 | €35,789 | €28,060 | ▼ 21.6% |
| Deferred charges and accrued income490/1 | - | - | €62 | - | €140 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,525 | €280,595 | €280,915 | €274,966 | €264,150 | ▼ 3.9% |
| Equity10/15 | €50,065 | €51,824 | €59,807 | €62,407 | €59,052 | ▼ 5.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €20,129 | €20,129 | €20,129 | €20,129 | €20,129 | = |
| Non-distributable reserves130/1 | - | €1,339 | €1,339 | €1,339 | €1,339 | = |
| Reserves not available under the articles1311 | - | €1,339 | €1,339 | €1,339 | €1,339 | = |
| Distributable reserves133 | - | €18,790 | €18,790 | €18,790 | €18,790 | = |
| Profit (loss) carried forward14 | €23,736 | €25,495 | €33,478 | €36,078 | €32,723 | ▼ 9.3% |
| Amounts payable17/49 | €5,459 | €228,771 | €221,108 | €212,559 | €205,098 | ▼ 3.5% |
| Amounts payable after more than one year17 | - | €226,080 | €206,000 | €194,375 | €185,267 | ▼ 4.7% |
| Financial debts170/4 | - | €226,080 | €206,000 | €194,375 | €185,267 | ▼ 4.7% |
| Amounts payable within one year42/48 | €5,459 | €2,691 | €15,108 | €18,183 | €19,831 | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | - | - | €10,120 | €11,624 | €10,449 | ▼ 10.1% |
| Trade debts44 | €2,269 | €435 | €1,595 | €706 | €6,919 | ▲ 881% |
| Suppliers440/4 | - | €435 | €1,595 | €706 | €6,919 | ▲ 881% |
| Taxes, remuneration and social security45 | - | €2,257 | €3,393 | €5,853 | €2,463 | ▼ 57.9% |
| Taxes450/3 | - | €2,257 | €2,257 | €2,951 | €2,463 | ▼ 16.5% |
| Remuneration and social security454/9 | - | - | €1,136 | €2,903 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,455 | €1,758 | €7,983 | €2,600 | -€3,355 | ▼ 229% |
| + Depreciation and write-downs630 | €0 | €5,507 | €8,373 | €8,373 | €8,373 | = |
| Operating cash flow (approximation) | €12,455 | €7,266 | €16,355 | €10,973 | €5,018 | ▼ 54.3% |
| Investment in fixed assets (approximation) | - | - | €7,915 | €0 | €0 | - |
| Change in cash | - | -€20,840 | €15,032 | €1,805 | -€7,729 | ▼ 528% |
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
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
Financial
Weakest financial yearnet -€3,355
Net result drops to -€3,355, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €12,455 ▲35.1%
Net result €12,455, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 17.03
Current ratio from 6.73 to 17.03; short-term debt falls from €4,811 to €2,347.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 37 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2015
Ground area
70 m²
Building footprint
66 m²
Volume, LiDAR
797 m³
Parcel 11003B0034/00L003, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Esay
since 20152.238.127.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003B0034/00L003 | Flanders | 70 m² | 1 · 66 m² | 14.1 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.238.127.025
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,776. 8,299 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
Founded30-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.