ESCAUT VALLEY
ActiveSummary
The computed 12-month bankruptcy probability of ESCAUT VALLEY is 1.6% (moderate). For ESCAUT VALLEY, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €59k and a net result of €2k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 794 sector peers (fiscal year 2023). The company has been active since 2011 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
Profitability30▼-3
Solvency38▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 2023Solvency, return and age of the figures
Solvency
13.3%
Return on assets
0.4%
Age of the figures
33 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
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 · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 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 30-10-2024, 91 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
91 d late
2022
127 d late
2021
29 d late
2020
31 d late
2019
47 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€59k▲ 3.5%
2022 · €57k
2018: €-94klowest in 6 years
2019: €19k▲ +120% vs 2018
2020: €22k▲ +18.2% vs 2019
2021: €39k▲ +73.7% vs 2020
2022: €57k▲ +45.6% vs 2021
2023: €59k▲ +3.5% vs 2022highest in 6 years
2018 → 2023
Total assets
€440k▼ 49.5%
2022 · €872k
2018: €551k
2019: €437k▼ -20.8% vs 2018lowest in 6 years
2020: €558k▲ +27.9% vs 2019
2021: €516k▼ -7.5% vs 2020
2022: €872k▲ +69.0% vs 2021highest in 6 years
2023: €440k▼ -49.5% vs 2022
2018 → 2023
Net result
€2k▼ 88.9%
2022 · €18k
2018: €-39klowest in 6 years
2019: €113k▲ +386% vs 2018highest in 6 years
2020: €3k▼ -96.9% vs 2019
2021: €17k▲ +379% vs 2020
2022: €18k▲ +7.4% vs 2021
2023: €2k▼ -88.9% vs 2022
2018 → 2023
Working capital
€35k▼ 2.1%
2022 · €35k
2018: €-95klowest in 6 years
2019: €9k▲ +109% vs 2018
2020: €-13k▼ -244% vs 2019
2021: €2k▲ +116% vs 2020
2022: €35k▲ +1662% vs 2021highest in 6 years
2023: €35k▼ -2.1% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€19k-€22k▲ 18.2%€39k▲ 73.7%€57k▲ 45.6%€59k▲ 3.5%
2019: €19klowest in 5 years
2020: €22k▲ +18.2% vs 2019
2021: €39k▲ +73.7% vs 2020
2022: €57k▲ +45.6% vs 2021
2023: €59k▲ +3.5% vs 2022highest in 5 years
Operating result€145k-€14k▼ 90.1%€65k▲ 357%€49k▼ 24.6%€20k▼ 59.0%
2019: €145khighest in 5 years
2020: €14k▼ -90.1% vs 2019lowest in 5 years
2021: €65k▲ +357% vs 2020
2022: €49k▼ -24.6% vs 2021
2023: €20k▼ -59.0% vs 2022
Net result€113k-€3k▼ 96.9%€17k▲ 379%€18k▲ 7.4%€2k▼ 88.9%
2019: €113khighest in 5 years
2020: €3k▼ -96.9% vs 2019
2021: €17k▲ +379% vs 2020
2022: €18k▲ +7.4% vs 2021
2023: €2k▼ -88.9% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 59% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €440k
Fixed assets
€26k ▲ 11.9%
Current assets
€415k ▼ 51.2%
Equity and liabilities €440k
Equity
€59k ▲ 3.5%
Debt
€382k ▼ 53.2%
Debt's share of the balance-sheet total falls from 93.5% to 86.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2022 · €53k
Cash flow
€7k▼
2022 · €22k
Current ratio
1.09▲
2022 · 1.04
Quick ratio
0.81▼
2022 · 0.93
Debt to equity
6.50▼
2022 · 14.37
ROE
3.4%▼
2022 · 31.3%
ROA
0.4%▼
2022 · 2.0%
Interest coverage
1.32▼
2022 · 1.46
Debt ≤ 1 year
€380k▼
2022 · €814k
Income taxes
€2k▼
2022 · €11k
Staff costs
€47k▼
2022 · €55k
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 · 2023 against 2022 · 48 lines
Balance sheet
Code20222023
Assets
Total assets20/58€872k€440k▼
Fixed assets21/28€23k€26k▲
Tangible fixed assets22/27€20k€23k▲
Plant, machinery and equipment23€20k€23k▲
Financial fixed assets28€3k€3k=
Current assets29/58€849k€415k▼
Stocks and contracts in progress3€90k€108k▲
Stocks30/36€90k€108k▲
Amounts receivable within one year40/41€628k€122k▼
Trade receivables40€613k€100k▼
Other amounts receivable41€15k€21k▲
Cash at bank and in hand54/58€132k€185k▲
Equity and liabilities
Total equity and liabilities10/49€872k€440k▼
Equity10/15€57k€59k▲
Contributions10/11€19k€19k=
Reserves13€34k€34k=
Distributable reserves133€34k€34k=
Profit (loss) carried forward14€4k€6k▲
Amounts payable17/49€815k€382k▼
Amounts payable within one year42/48€814k€380k▼
Financial debts43€250k€250k=
Other loans439€250k€250k=
Trade debts44€457k€40k▼
Suppliers440/4€457k€40k▼
Advances received on contracts in progress46€9k€9k=
Taxes, remuneration and social security45€32k€16k▼
Taxes450/3€24k€14k▼
Remuneration and social security454/9€8k€2k▼
Other amounts payable47/48€66k€65k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20222023
Remuneration, social security and pensions62€55k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€115k€74k▼
Operating profit (loss)9901€49k€20k▼
Financial income75/76B€16k€3k▼
Recurring financial income75€16k€3k▼
Financial charges65/66B€37k€19k▼
Recurring financial charges65€37k€19k▼
Profit (loss) for the period before taxes9903€29k€4k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€18k€2k▼
Profit (loss) for the period to be appropriated9905€18k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€6k▼
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer to equity691/2€18k-
To other reserves6921€18k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €48k | €55k | €47k | ▼ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €8k | €4k | €5k | ▲ 18.8% |
| Other operating charges640/8 | - | - | €38k | €6k | €2k | ▼ 68.6% |
| Gross operating margin9900 | €257k | €69k | €160k | €115k | €74k | ▼ 35.7% |
| Operating profit (loss)9901 | €145k | €14k | €65k | €49k | €20k | ▼ 59.0% |
| Financial income75/76B | - | - | €7k | €16k | €3k | ▼ 83.5% |
| Recurring financial income75 | €14k | €6k | €7k | €16k | €3k | ▼ 83.5% |
| Financial charges65/66B | - | - | €45k | €37k | €19k | ▼ 48.3% |
| Recurring financial charges65 | €34k | €16k | €45k | €37k | €19k | ▼ 48.3% |
| Profit (loss) for the period before taxes9903 | €125k | €4k | €28k | €29k | €4k | ▼ 86.2% |
| Income taxes67/77 | €12k | €740 | €11k | €11k | €2k | ▼ 81.9% |
| Profit (loss) for the period9904 | €113k | €3k | €17k | €18k | €2k | ▼ 88.9% |
| Profit (loss) for the period to be appropriated9905 | €113k | €3k | €17k | €18k | €2k | ▼ 88.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437k | €558k | €516k | €872k | €440k | ▼ 49.5% |
| Fixed assets21/28 | €10k | €35k | €38k | €23k | €26k | ▲ 11.9% |
| Tangible fixed assets22/27 | €10k | €33k | €24k | €20k | €23k | ▲ 13.4% |
| Plant, machinery and equipment23 | - | - | €24k | €20k | €23k | ▲ 13.4% |
| Financial fixed assets28 | - | €3k | €13k | €3k | €3k | = |
| Current assets29/58 | €427k | €523k | €478k | €849k | €415k | ▼ 51.2% |
| Stocks and contracts in progress3 | €67k | €101k | €95k | €90k | €108k | ▲ 20.2% |
| Stocks30/36 | - | - | €95k | €90k | €108k | ▲ 20.2% |
| Amounts receivable within one year40/41 | €264k | €306k | €263k | €628k | €122k | ▼ 80.6% |
| Trade receivables40 | - | - | €240k | €613k | €100k | ▼ 83.7% |
| Other amounts receivable41 | - | - | €23k | €15k | €21k | ▲ 45.5% |
| Cash at bank and in hand54/58 | €95k | €115k | €120k | €132k | €185k | ▲ 40.4% |
| Deferred charges and accrued income490/1 | - | - | €301 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437k | €558k | €516k | €872k | €440k | ▼ 49.5% |
| Equity10/15 | €19k | €22k | €39k | €57k | €59k | ▲ 3.5% |
| Contributions10/11 | €19k | - | €19k | €19k | €19k | = |
| Reserves13 | - | - | €17k | €34k | €34k | = |
| Distributable reserves133 | - | - | €17k | €34k | €34k | = |
| Profit (loss) carried forward14 | €384 | €4k | €4k | €4k | €6k | ▲ 51.3% |
| Amounts payable17/49 | €418k | €536k | €477k | €815k | €382k | ▼ 53.2% |
| Amounts payable within one year42/48 | €418k | €536k | €476k | €814k | €380k | ▼ 53.3% |
| Financial debts43 | - | - | €250k | €250k | €250k | = |
| Other loans439 | - | - | €250k | €250k | €250k | = |
| Trade debts44 | €58k | €110k | €136k | €457k | €40k | ▼ 91.2% |
| Suppliers440/4 | - | - | €136k | €457k | €40k | ▼ 91.2% |
| Advances received on contracts in progress46 | - | - | €9k | €9k | €9k | = |
| Taxes, remuneration and social security45 | - | - | €17k | €32k | €16k | ▼ 49.3% |
| Taxes450/3 | - | - | €13k | €24k | €14k | ▼ 40.1% |
| Remuneration and social security454/9 | - | - | €5k | €8k | €2k | ▼ 76.2% |
| Other amounts payable47/48 | - | - | €65k | €66k | €65k | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | - | €917 | €2k | €2k | ▲ 1.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113k | €3k | €17k | €18k | €2k | ▼ 88.9% |
| + Depreciation and write-downs630 | €5k | €6k | €8k | €4k | €5k | ▲ 18.8% |
| Operating cash flow (approximation) | €117k | €9k | €25k | €22k | €7k | ▼ 69.2% |
| Investment in fixed assets (approximation) | - | €-31k | €-11k | €11k | €-7k | ▼ 168% |
| Change in cash | - | €20k | €5k | €12k | €53k | ▲ 341% |
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
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 127 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Back to profitnet €113k
Net result €113k after one loss-making year.
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 44 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bornem · 2 establishment units since 2011
Ground area
2.3 ha
Building footprint
3,463 m²
Volume, LiDAR
1,281 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ESCAUT VALLEY
since 20112.195.691.406
Escaut Valley
since 20202.308.848.834
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048G0474/00A000 | Flanders | 2.2 ha | 1 · 3,320 m² | 4.8 m |
| 12362G0441/00R000 | Flanders | 934 m² | 1 · 143 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteNazareth2.308.848.834
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Of 430 companies in sector 10720 we hold annual accounts for 139. 81 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
Founded25-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
10720Manufacture of food products
46389Wholesale of other food products
46170Agents in the wholesale of food, beverages and tobacco
Scores and ratios are computed by Checked and are not a credit decision.