ESCENT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 11-06-2026 PDF all 20 filings
Turnover
≈ €4.0m
Estimated: probably between €3.1m and €5.8m
EBIT margin
Not included in this filing
Net result
€212,180▲ 32×
2024 · €6,658
Working capital
€2.2m▲ 12.2%
2024 · €1.9m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€274,139
2025
20182025
Net result
€212,180
▲ 32×
2025
middle half of the sector
20182025
Equity
€2.2m
▲ 10.4%
2025
highest quarter of the sector
20182025
Total assets
€3.0m
▲ 7.2%
2025
middle half of the sector
20182025
Debt
€730,608
▼ 1.7%
2025
20182025
Working capital
€2.2m
▲ 12.2%
2025
highest quarter of the sector
20182025
Solvency
75.5%
▲ 2.2pp
2025
highest quarter of the sector
20182025
Current ratio
3.98
▲ 0.37
2025
highest quarter of the sector
20182025
Return on assets (ROA)
7.1%
▲ 6.9pp
2025
middle half of the sector
20182025
Staff (FTE)
14.4
▲ 3.6%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.5m▲ 50.3%€0.08m▼ 83.9%€0.2m▲ 123%€0.2m▲ 14.5%-€0.007m-€0.02m▼ 138%€0.3m
Net result€0.2m-€0.7m▲ 256%€0.03mwithin the sector's middle half▼ 96.1%€0.1mwithin the sector's middle half▲ 288%€0.1mwithin the sector's middle half▲ 13.9%€0.005mwithin the sector's middle half▼ 95.8%€0.007mwithin the sector's middle half▲ 36.2%€0.2mwithin the sector's middle half▲ 32×
Equity€1.1m-€1.8m▲ 62.1%€1.8mabove the sector's middle half▲ 1.5%€1.9mabove the sector's middle half▲ 5.7%€2.0mabove the sector's middle half▲ 6.1%€2.0mabove the sector's middle half▲ 0.2%€2.0mabove the sector's middle half▲ 0.3%€2.2mabove the sector's middle half▲ 10.4%
Total assets€2.8m-€3.0m▲ 8.2%€2.9mwithin the sector's middle half▼ 5.0%€2.8mwithin the sector's middle half▼ 2.0%€2.8mwithin the sector's middle half▲ 0.4%€2.8mwithin the sector's middle half▼ 1.3%€2.8mwithin the sector's middle half▼ 0.7%€3.0mwithin the sector's middle half▲ 7.2%
Debt€1.7m-€1.3m▼ 26.5%€1.1m▼ 14.1%€0.9m▼ 14.8%€0.8m▼ 11.6%€0.8m▼ 5.3%€0.7m▼ 3.3%€0.7m▼ 1.7%
Working capital€1.0m-€1.7m▲ 65.7%€1.7mabove the sector's middle half▲ 2.5%€1.8mabove the sector's middle half▲ 5.8%€2.0mabove the sector's middle half▲ 6.6%€2.0mabove the sector's middle half▲ 0.1%€1.9mabove the sector's middle half▼ 1.1%€2.2mabove the sector's middle half▲ 12.2%
Solvency39.1%-58.7%▲ 19.5pp62.6%within the sector's middle half▲ 4.0pp67.5%within the sector's middle half▲ 4.9pp71.4%above the sector's middle half▲ 3.9pp72.5%above the sector's middle half▲ 1.1pp73.3%above the sector's middle half▲ 0.7pp75.5%above the sector's middle half▲ 2.2pp
Current ratio1.60-2.35▲ 0.752.63within the sector's middle half▲ 0.283.02within the sector's middle half▲ 0.393.44above the sector's middle half▲ 0.423.55above the sector's middle half▲ 0.123.61above the sector's middle half▲ 0.063.98above the sector's middle half▲ 0.37
Return on assets (ROA)6.8%-22.5%▲ 15.6pp0.9%within the sector's middle half▼ 21.6pp3.6%within the sector's middle half▲ 2.7pp4.1%within the sector's middle half▲ 0.5pp0.2%within the sector's middle half▼ 3.9pp0.2%within the sector's middle half▲ 0.1pp7.1%within the sector's middle half▲ 6.9pp
Staff (FTE)27.3-26.1▼ 4.4%22.7within the sector's middle half▼ 13.0%17.8within the sector's middle half▼ 21.6%17.9within the sector's middle half▲ 0.6%15.4within the sector's middle half▼ 14.0%13.9within the sector's middle half▼ 9.7%14.4within the sector's middle half▲ 3.6%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €274,139, after a loss of €17,094 in 2024. It is the highest result since 2019.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€71,597 ▼ 25.2%
Current assets
€2.9m ▲ 8.3%
Equity and liabilities €3.0m
Equity
€2.2m ▲ 10.4%
Debt
€730,608 ▼ 1.7%
Debt's share of the balance-sheet total falls from 26.7% to 24.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€276,421▲
2024 · -€11,382
Cash flow
€214,463▲
2024 · €12,370
Debt to equity
0.32▼
2024 · 0.36
ROE
9.4%▲
2024 · 0.3%
Interest coverage
23.39▲
2024 · -1.08
Debt ≤ 1 year
€730,608▼
2024 · €743,295
Income taxes
€83,822▲
2024 · €19,765
Staff costs
€1.4m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 20 | 17 | 17 | 11 | 16 |
| full-time | 18 | 16 | 16 | 10 | 15 |
| part-time | 2 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 19.8 | 16.9 | 16.9 | 10.9 | 15.9 |
| Average over the year, in full-time equivalents | 17.8 | 17.9 | 15.4 | 13.9 | 14.4 |
| On a permanent contract | 20 | 17 | 17 | 11 | 16 |
| Joined | 7 | 7 | 6 | 0 | 7 |
| Left | 8 | 10 | 6 | 6 | 2 |
| Training hours | - | - | - | - | 303 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,428 | - | €1,904 | €5,297 | €7,039 |
| Financial fixed assets | - | - | - | €28,602 | - |
| Depreciation and write-downs of the year | €4,770 | €4,907 | €4,923 | €5,712 | €2,282 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.6m | €1.6m | €1.3m | €1.2m | €1.4m | ▲ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.004m | €0.006m | €0.005m | €0.005m | €0.005m | €0.005m | €0.006m | €0.002m | ▼ 60.0% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.009m | ▼ 56.1% |
| Non-recurring operating charges66A | - | - | - | €75 | - | €175 | - | - | - |
| Gross operating margin9900 | €2.0m | €2.8m | €2.0m | €1.8m | €1.8m | €1.3m | €1.2m | €1.7m | ▲ 40.8% |
| Operating profit (loss)9901 | €0.3m | €0.5m | €0.08m | €0.2m | €0.2m | -€0.007m | -€0.02m | €0.3m | - |
| Financial income75/76B | - | - | - | €289 | - | €0.03m | €0.05m | €0.03m | ▼ 37.7% |
| Recurring financial income75 | €30 | €0.4m | €0.003m | €289 | - | €0.03m | €0.05m | €0.03m | ▼ 37.7% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.008m | €0.01m | €0.01m | ▲ 12.3% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | €0.008m | €0.01m | €0.01m | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.9m | €0.07m | €0.2m | €0.2m | €0.02m | €0.03m | €0.3m | ▲ 11× |
| Income taxes67/77 | €0.1m | €0.2m | €0.04m | €0.06m | €0.07m | €0.01m | €0.02m | €0.08m | ▲ 324% |
| Profit (loss) for the period9904 | €0.2m | €0.7m | €0.03m | €0.1m | €0.1m | €0.005m | €0.007m | €0.2m | ▲ 32× |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.7m | €0.03m | €0.1m | €0.1m | €0.005m | €0.007m | €0.2m | ▲ 32× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €3.0m | €2.9m | €2.8m | €2.8m | €2.8m | €2.8m | €3.0m | ▲ 7.2% |
| Fixed assets21/28 | €0.09m | €0.08m | €0.08m | €0.08m | €0.07m | €0.07m | €0.1m | €0.07m | ▼ 25.2% |
| Intangible fixed assets21 | €0.001m | €0.001m | €159 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.02m | €0.02m | €0.01m | €0.008m | €0.007m | €0.01m | ▲ 65.0% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.008m | €0.004m | €0.001m | €0.002m | ▲ 128% |
| Other tangible fixed assets26 | - | - | - | €0.005m | €0.003m | €0.004m | €0.007m | €0.01m | ▲ 58.6% |
| Financial fixed assets28 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.09m | €0.06m | ▼ 32.7% |
| Current assets29/58 | €2.7m | €3.0m | €2.8m | €2.8m | €2.8m | €2.7m | €2.7m | €2.9m | ▲ 8.3% |
| Amounts receivable within one year40/41 | €1.0m | €1.3m | €1.1m | €1.2m | €1.0m | €2.4m | €2.6m | €2.7m | ▲ 3.8% |
| Trade receivables40 | - | - | - | €1.1m | €1.0m | €0.9m | €0.8m | €0.7m | ▼ 9.1% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.04m | €1.5m | €1.8m | €2.0m | ▲ 9.6% |
| Current investments50/53 | €0.01m | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.7m | €1.6m | €1.7m | €1.6m | €1.7m | €0.3m | €0.03m | €0.1m | ▲ 484% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.03m | €0.03m | €0.02m | €0.02m | ▲ 6.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €3.0m | €2.9m | €2.8m | €2.8m | €2.8m | €2.8m | €3.0m | ▲ 7.2% |
| Equity10/15 | €1.1m | €1.8m | €1.8m | €1.9m | €2.0m | €2.0m | €2.0m | €2.2m | ▲ 10.4% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Contributions outside capital11 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Share premium1100/10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | - | €0.7m | €0.7m | €0.8m | €0.9m | €0.9m | €0.9m | €1.2m | ▲ 22.6% |
| Amounts payable17/49 | €1.7m | €1.3m | €1.1m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 1.7% |
| Amounts payable within one year42/48 | €1.7m | €1.3m | €1.1m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 1.7% |
| Trade debts44 | €0.7m | €0.5m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 24.2% |
| Suppliers440/4 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 24.2% |
| Advances received on contracts in progress46 | - | - | - | - | €0.002m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 59.3% |
| Taxes450/3 | - | - | - | €0.07m | €0.06m | €0.05m | €0.04m | €0.04m | ▼ 8.5% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 76.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.7m | €0.03m | €0.1m | €0.1m | €0.005m | €0.007m | €0.2m | ▲ 32× |
| + Depreciation and write-downs630 | €0.004m | €0.006m | €0.005m | €0.005m | €0.005m | €0.005m | €0.006m | €0.002m | ▼ 60.0% |
| Operating cash flow (approximation) | €0.2m | €0.7m | €0.03m | €0.1m | €0.1m | €0.01m | €0.01m | €0.2m | ▲ 17× |
| Investment in fixed assets (approximation) | - | -€0.001m | €0 | -€0.002m | €0 | -€0.002m | -€0.03m | €0.02m | - |
| Change in cash | - | -€0.09m | €0.1m | -€0.2m | €0.2m | -€1.4m | -€0.3m | €0.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as ESCENT has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ESCENT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for ESCENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 11-06-2026 | 2026-00156856 | |
| 31-12-2024 | full format | 01-07-2025 | 2025-00211515 | |
| 31-12-2023 | full format | 19-07-2024 | 2024-00262417 | |
| 31-12-2022 | full format | 26-07-2023 | 2023-00271042 | |
| 31-12-2021 | full format | 16-06-2022 | 2022-20066467 | |
| 31-12-2020 | full format | 09-07-2021 | 2021-33900319 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-48100246 | |
| 31-12-2018 | full format | 26-08-2019 | 2019-51300066 | |
| 31-03-2018 | full format | 26-09-2018 | 2018-65300052 | |
| 31-03-2017 | full format | 04-10-2017 | 2017-66500045 |