ESC
Annual accounts 2025
micro format, filed on 28-07-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €220,000 and €310,000.
Balance sheet
balance sheet total €477,770 on 31-12-2025in euro
in euro
Position in the sector
71.9%
Higher than 68% of 41,228 companies in 2025.
6.67
Higher than 84% of 39,797 companies in 2025.
8.5%
Higher than 40% of 40,318 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
477,770 | 355,869 | 263,247 | 181,954 | 144,989 | 147,026 | 181,211 | 206,653 | 167,037 | 201,590 | 69,958 | 81,700 | 86,278 | 78,520 | 98,765 | 84,951 | 84,479 | 86,011 | 88,374 | 110,213 | |
21/28 |
24,165 | 25,673 | 35,967 | 57,222 | 66,235 | 83,786 | 107,771 | 114,153 | 118,694 | 134,293 | 30,922 | 30,846 | 41,360 | 21,190 | 37,916 | 5,697 | 14,910 | 27,529 | 41,752 | 52,466 | |
22/27 |
24,165 | 25,673 | 35,967 | 57,222 | 66,235 | 83,786 | 29,199 | 35,581 | 40,122 | 55,721 | 30,922 | 30,846 | 41,360 | 21,190 | 37,916 | 5,697 | 14,910 | 27,529 | 41,752 | 52,466 | |
23 |
8,598 | 8,248 | 8,876 | 10,565 | 11,035 | 11,767 | 506 | 1,500 | 1,553 | 4,545 | 4,862 | 2,541 | 3,041 | 5,439 | 7,920 | 1,623 | 1,202 | 4,016 | 7,229 | 7,560 | |
24 |
9,271 | 11,343 | 26,091 | 40,839 | 43,581 | 54,350 | 4,271 | 6,656 | 2,803 | 12,950 | 24,278 | 28,305 | 38,319 | 15,291 | 28,831 | 2,203 | 10,609 | 20,620 | 31,224 | 41,828 | |
26 |
6,296 | 6,082 | 1,000 | 5,818 | 11,620 | 17,668 | 24,423 | 27,425 | 35,766 | 38,226 | 1,782 | - | - | 460 | 1,166 | 1,871 | 3,100 | 2,893 | 3,299 | 3,078 | |
28 |
- | - | - | - | - | - | 78,571 | 78,571 | 78,571 | 78,571 | - | - | - | - | - | - | - | - | - | - | |
29/58 |
453,605 | 330,196 | 227,280 | 124,732 | 78,754 | 63,241 | 73,441 | 92,500 | 48,343 | 67,297 | 39,036 | 50,854 | 44,918 | 57,329 | 60,849 | 79,254 | 69,569 | 58,483 | 46,622 | 57,747 | |
3 |
- | - | - | - | - | - | 49,835 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | 49,835 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
100,199 | 64,940 | 66,736 | 53,346 | 10,126 | 32,489 | 12,717 | 29,358 | 4,309 | 6,958 | 17,402 | 10,288 | 26,666 | 9,894 | 11,234 | 27,873 | 25,849 | 18,681 | 14,948 | 20,314 | |
40 |
61,132 | 56,905 | 60,755 | 45,701 | 9,799 | 20,426 | 5,236 | 26,624 | 3,541 | 5,127 | 10,033 | 6,916 | 20,905 | 2,485 | 605 | 23,959 | 23,351 | 17,709 | 13,976 | 14,535 | |
41 |
39,068 | 8,035 | 5,981 | 7,645 | 327 | 12,063 | 7,481 | 2,735 | 769 | 1,831 | 7,369 | 3,373 | 5,761 | 7,410 | 10,629 | 3,914 | 2,497 | 972 | 972 | 5,779 | |
50/53 |
310,000 | 180,000 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
42,839 | 78,387 | 37,956 | 69,137 | 65,976 | 30,512 | 9,062 | 63,141 | 25,833 | 60,339 | 21,634 | 40,566 | 10,031 | 23,396 | 42,731 | 16,868 | 5,135 | 4,139 | 5,409 | 13,745 | |
490/1 |
567 | 6,868 | 2,588 | 2,249 | 2,652 | 240 | 1,827 | - | 18,201 | - | - | - | 8,221 | 24,039 | 6,884 | 34,513 | 38,585 | 35,662 | 26,265 | 23,687 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
477,770 | 355,869 | 263,247 | 181,954 | 144,989 | 147,026 | 181,211 | 206,653 | 167,037 | 201,590 | 69,958 | 81,700 | 86,278 | 78,520 | 98,765 | 84,951 | 84,479 | 86,011 | 88,374 | 110,213 | |
10/15 |
343,339 | 303,451 | 206,628 | 139,787 | 97,975 | 93,303 | 86,876 | 74,378 | 50,935 | 50,935 | 49,487 | 54,536 | 55,941 | 62,933 | 70,246 | 71,128 | 67,968 | 67,215 | 64,857 | 63,122 | |
10/11 |
- | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
343,339 | 303,451 | 206,628 | 139,787 | 97,975 | 87,103 | 80,676 | 68,178 | 44,735 | 44,735 | 42,360 | 47,360 | 49,360 | 56,360 | 63,360 | 64,360 | 60,860 | 56,860 | 51,860 | 51,860 | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
343,339 | 303,451 | 206,628 | 139,787 | 97,975 | 87,103 | 78,816 | 66,318 | 42,875 | 42,875 | 40,500 | 45,500 | 47,500 | 54,500 | 61,500 | 62,500 | 59,000 | 55,000 | 50,000 | 50,000 | |
14 |
0 | - | - | - | - | - | - | - | - | - | 927 | 976 | 381 | 373 | 686 | 568 | 908 | 4,155 | 6,797 | 5,062 | |
16 |
66,374 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
66,374 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
66,374 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
68,057 | 52,418 | 56,620 | 42,167 | 47,014 | 53,724 | 94,336 | 132,275 | 116,102 | 150,655 | 20,471 | 27,163 | 30,338 | 15,586 | 28,520 | 13,824 | 16,510 | 18,796 | 23,517 | 47,091 | |
17 |
- | - | 4,290 | 14,492 | 23,731 | 34,511 | - | - | - | - | 1,652 | 11,396 | 28,312 | 2,606 | 12,835 | - | - | - | 8,564 | 19,518 | |
170/4 |
- | - | 4,290 | 14,492 | 23,731 | 34,511 | - | - | - | - | 1,652 | 11,396 | 28,312 | 2,606 | 12,835 | - | - | - | 8,564 | 19,518 | |
42/48 |
68,057 | 52,356 | 51,259 | 27,675 | 23,283 | 19,213 | 92,189 | 129,986 | 113,762 | 149,334 | 18,819 | 15,767 | 2,026 | 12,484 | 15,684 | 13,824 | 16,510 | 15,907 | 14,171 | 23,975 | |
42 |
29,277 | 29,188 | 20,687 | 10,073 | 10,780 | 9,819 | - | - | - | 1,652 | 9,744 | 9,462 | 1,735 | 11,067 | 9,921 | - | - | 8,564 | 10,954 | 10,447 | |
44 |
1,635 | 1,898 | 8,681 | 12,021 | 1,835 | 6,052 | 20,953 | 18,360 | 5,222 | 31,761 | 3,258 | 1,707 | 165 | 307 | 1,992 | 253 | 18 | 22 | 1,171 | 300 | |
440/4 |
1,635 | 1,898 | 8,681 | 12,021 | 1,835 | 6,052 | 20,953 | 18,360 | 5,222 | 31,761 | 3,258 | 1,707 | 165 | 307 | 198 | 253 | 18 | 22 | 1,171 | 300 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,794 | - | - | - | - | - | |
45 |
30,057 | 18,953 | 13,679 | 4,781 | 9,388 | 2,542 | 11,667 | 11,581 | 11,357 | 4,645 | 1,984 | 2,043 | 60 | 108 | - | 5,736 | 5,773 | 6,310 | - | - | |
450/3 |
30,057 | 18,953 | 13,679 | 4,781 | 9,388 | 2,542 | 3,776 | 6,394 | 2,418 | 2,395 | 1,984 | 2,043 | 60 | 108 | - | 5,736 | 5,773 | 6,310 | - | - | |
454/9 |
- | - | - | - | - | - | 7,891 | 5,187 | 8,939 | 2,250 | - | - | - | - | - | - | - | - | - | - | |
47/48 |
7,087 | 2,316 | 8,212 | 800 | 1,280 | 800 | 59,569 | 100,045 | 97,183 | 111,276 | 3,834 | 2,555 | 66 | 1,001 | 3,771 | 7,834 | 10,719 | 1,011 | 2,046 | 13,228 | |
492/3 |
0 | 63 | 1,071 | - | - | - | 2,146 | 2,289 | 2,340 | 1,321 | - | - | - | 496 | - | - | - | 2,889 | 782 | 3,598 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,794 | 2,000 | - | - | - | - | - | |
9900 |
156,796 | 155,477 | 131,359 | 83,531 | 41,763 | 24,253 | 52,319 | 49,740 | 32,450 | 42,283 | 13,338 | 14,945 | 12,790 | 10,899 | 24,305 | 24,954 | 23,111 | 26,427 | 26,741 | 37,965 | |
630 |
15,241 | 20,424 | 23,738 | 22,963 | 22,950 | 15,966 | 12,537 | 12,184 | 25,096 | 25,970 | 14,526 | 12,096 | 13,498 | 17,909 | 17,836 | 13,010 | 16,754 | 16,714 | 17,613 | 23,287 | |
631/4 |
- | - | - | - | - | - | 17,618 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
635/8 |
66,374 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
830 | 118 | 109 | 480 | 641 | 100 | 98 | 96 | 94 | - | 1,580 | 1,439 | 2,366 | 1,687 | 4,265 | 1,315 | 1,319 | 1,314 | 993 | 706 | |
66A |
- | - | - | - | - | - | - | - | - | - | 1,829 | - | 2,476 | - | 339 | - | - | - | 901 | 3,844 | |
9901 |
74,351 | 134,935 | 107,512 | 60,088 | 18,172 | 8,187 | 22,066 | 37,460 | 7,260 | 16,314 | -2,768 | 1,410 | -3,074 | -8,696 | 2,204 | 10,629 | 5,038 | 8,399 | 8,135 | 13,972 | |
75/76B |
4,603 | 5,392 | 1,585 | 169 | - | 1,206 | 228 | 798 | 652 | 3,033 | 1,297 | 36 | 1 | 2 | 42 | 11 | 5 | 25 | 38 | 0 | |
75 |
4,603 | 5,392 | 1,585 | 169 | - | 1,206 | 228 | 798 | 652 | 3,033 | 1,297 | 36 | 1 | 2 | 42 | 11 | 5 | 25 | 38 | 0 | |
65/66B |
1,436 | 907 | 968 | 890 | 1,239 | 854 | 2,578 | 3,406 | 5,340 | 6,173 | 653 | 866 | 1,384 | 804 | 1,217 | 396 | 766 | 1,101 | 1,504 | 704 | |
65 |
1,436 | 907 | 968 | 890 | 1,239 | 854 | 2,578 | 3,406 | 5,340 | 6,173 | 653 | 866 | 1,384 | 804 | 1,217 | 396 | 766 | 1,101 | 1,504 | 704 | |
9903 |
77,518 | 139,420 | 108,128 | 59,368 | 16,933 | 8,539 | 19,716 | 34,853 | 2,571 | 13,173 | -3,953 | 579 | -6,932 | -7,704 | 2,690 | 10,244 | 4,276 | 7,323 | 5,768 | 9,423 | |
67/77 |
36,796 | 41,764 | 31,287 | 16,756 | 5,261 | 2,838 | 6,407 | 10,610 | 2,258 | 1,725 | 1,097 | 1,984 | 60 | -392 | 3,572 | 7,085 | 3,523 | 4,965 | 4,033 | 4,960 | |
9904 |
40,722 | 97,656 | 76,841 | 42,611 | 11,673 | 5,701 | 13,310 | 24,243 | 313 | 11,448 | -5,050 | -1,405 | -6,992 | -7,313 | -882 | 3,159 | 753 | 2,358 | 1,735 | 4,464 | |
9905 |
40,722 | 97,656 | 76,841 | 42,611 | 11,673 | 5,701 | 13,310 | 24,243 | 313 | 11,448 | -5,050 | -1,405 | -6,992 | -7,313 | -882 | 3,159 | 753 | 2,358 | 1,735 | 4,464 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
40,722 | 97,656 | 76,841 | 42,611 | 11,673 | 5,701 | 13,310 | 24,243 | 313 | 12,375 | -4,073 | -1,024 | -6,619 | -6,627 | -314 | 4,068 | 4,908 | 9,155 | 6,797 | 5,062 | |
791/2 |
- | - | 10,000 | - | - | - | - | - | - | - | 5,000 | 2,000 | 7,000 | 7,000 | 1,000 | - | - | - | - | - | |
691/2 |
39,889 | 96,823 | 76,841 | 41,811 | 10,873 | 4,901 | 12,498 | 23,443 | - | 2,375 | - | - | - | - | - | 3,500 | 4,000 | 5,000 | - | - | |
6921 |
39,889 | 96,823 | 76,841 | 41,811 | 10,873 | 4,901 | 12,498 | 23,443 | - | 2,375 | - | - | - | - | - | 3,500 | 4,000 | 5,000 | - | - | |
694/7 |
833 | 833 | 10,000 | 800 | 800 | 800 | 812 | 800 | 313 | 10,000 | - | - | - | - | - | - | - | - | - | - | |
694 |
833 | 833 | 10,000 | 800 | 800 | 800 | 812 | 800 | 313 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00360068 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00400754 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00235842 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00230895 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20224264 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27900130 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27000099 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24400538 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25300005 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-24200340 | |
| 31-12-2015 | abbreviated format | 23-06-2016 | 2016-21400544 | |
| 31-12-2014 | abbreviated format | 22-06-2015 | 2015-20300448 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-24500077 | |
| 31-12-2012 | abbreviated format | 27-06-2013 | 2013-23700528 | |
| 31-12-2011 | abbreviated format | 08-06-2012 | 2012-15900418 | |
| 31-12-2010 | abbreviated format | 03-08-2011 | 2011-38400433 | |
| 31-12-2009 | abbreviated format | 07-06-2010 | 2010-15200432 | |
| 31-12-2008 | abbreviated format | 30-08-2009 | 2009-74100011 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-71700132 | |
| 31-12-2006 | abbreviated format | 16-08-2007 | 2007-57000158 | |
| 31-12-2005 | abbreviated format | 25-08-2006 | 2006-69304787 | |
| 31-12-2004 | abbreviated format | 21-09-2005 | 2005-69401863 | |
| 31-12-2003 | abbreviated format | 18-10-2004 | 2004-73805308 | |
| 31-12-2002 | abbreviated format | 28-07-2003 | 2003-51700487 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 89,592 | 155,359 | 131,250 | 83,051 | 41,122 | 24,153 | 34,603 | 49,644 | 32,356 | 42,283 | 11,758 | 13,506 | 10,425 | 9,212 | 20,039 | 23,639 | 21,792 | 25,113 | 25,748 | 37,258 | ||
| 55,962 | 118,081 | 100,579 | 65,574 | 34,623 | 21,667 | 25,846 | 36,427 | 25,409 | 37,418 | 9,476 | 10,691 | 6,506 | 10,596 | 16,954 | 16,169 | 17,507 | 19,072 | 19,348 | 27,751 | ||
| 13,733 | 10,130 | 2,484 | 14,864 | 5,400 | 70,553 | 6,154 | 7,643 | 9,498 | 129,340 | 15,805 | 1,581 | 46,985 | 1,182 | 50,055 | 3,797 | 4,135 | 2,491 | 11,614 | 54,001 | ||
| -35,549 | 40,431 | -31,181 | 3,161 | 35,465 | 21,450 | -54,080 | 37,308 | -34,506 | 38,705 | -18,932 | 30,535 | -13,365 | -19,335 | 25,863 | 11,733 | 996 | -1,270 | -8,337 | - | ||
| 385,548 | 277,840 | 176,021 | 97,057 | 55,471 | 44,028 | -18,749 | -37,486 | -65,419 | -82,037 | 20,217 | 35,087 | 42,892 | 44,846 | 45,165 | 65,430 | 53,058 | 42,576 | 32,451 | 33,772 | ||
| 71.9% | 85.3% | 78.5% | 76.8% | 67.6% | 63.5% | 47.9% | 36.0% | 30.5% | 25.3% | 70.7% | 66.8% | 64.8% | 80.1% | 71.1% | 83.7% | 80.5% | 78.1% | 73.4% | 57.3% | ||
| 6.67 | 6.31 | 4.43 | 4.51 | 3.38 | 3.29 | 0.80 | 0.71 | 0.42 | 0.45 | 2.07 | 3.23 | 22.17 | 4.59 | 3.88 | 5.73 | 4.21 | 3.68 | 3.29 | 2.41 | ||
| 6.67 | 6.31 | 4.43 | 4.51 | 3.38 | 3.29 | 0.26 | 0.71 | 0.42 | 0.45 | 2.07 | 3.23 | 22.17 | 4.59 | 3.88 | 5.73 | 4.21 | 3.68 | 3.29 | 2.41 | ||
| 0.20 | 0.17 | 0.27 | 0.30 | 0.48 | 0.58 | 1.09 | 1.78 | 2.28 | 2.96 | 0.41 | 0.50 | 0.54 | 0.25 | 0.41 | 0.19 | 0.24 | 0.28 | 0.36 | 0.75 | ||
| 11.9% | 32.2% | 37.2% | 30.5% | 11.9% | 6.1% | 15.3% | 32.6% | 0.6% | 22.5% | -10.2% | -2.6% | -12.5% | -11.6% | -1.3% | 4.4% | 1.1% | 3.5% | 2.7% | 7.1% | ||
| 8.5% | 27.4% | 29.2% | 23.4% | 8.1% | 3.9% | 7.3% | 11.7% | 0.2% | 5.7% | -7.2% | -1.7% | -8.1% | -9.3% | -0.9% | 3.7% | 0.9% | 2.7% | 2.0% | 4.1% | ||
| 62.39 | over 100 | over 100 | 93.35 | 33.20 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,733 | €10,130 | €2,484 | €14,864 | €5,400 |
| €15,241 | €20,424 | €23,738 | €22,963 | €22,950 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ESC
The operating result for 2025 is 45% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 14.7% to 14.2%. Equity and debt are higher.