ESCO POWER
ActiveSummary
The annual accounts of ESCO POWER for fiscal year 2024 show a net loss of 99% of the equity at the start of that year. The 2024 annual accounts show equity of €11,077 and a net result of -€780,215. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-65
Solvency25▼-36
Growth34▼-51
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.5 against 1.64 in 2023; short-term debt: 38.2% and cash: 4.3% of total assets), but 99.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
0.5%
Return on assets
-33.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
107 d early
2023
7 d early
2022
56 d early
2021
114 d late
2020
6 d late
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 June (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?ESCO FINANCIAL AND ENGINEERING COMPANY · 5 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, unclassified schema, 2025 accounts filed, figures not processed yet
Turnover
€1.6m▼ 59.5%
2023 · €4.1m
EBIT margin
-40.4%▼ 46.1pp
2023 · 5.7%
Net result
-€780,215
2023 · €97,150
Working capital
€1.3m▲ 61.8%
2023 · €818,065
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.7m▲ 44.2%€1.1m▼ 35.3%€3.6m▲ 231%€4.1m▲ 12.5%€1.6m▼ 59.5%
Operating result€87,458-€294,321€421,067€230,842▼ 45.2%-€665,337
Net result€75,772-€303,244€416,935€97,150▼ 76.7%-€780,215
EBIT margin5.2%▲ 20.2pp-27.0%▼ 32.1pp11.6%▲ 38.6pp5.7%▼ 6.0pp-40.4%▼ 46.1pp
Equity€180,450▲ 72.4%€277,206▲ 53.6%€694,141▲ 150%€791,292▲ 14.0%€11,077▼ 98.6%
Total assets€792,339▼ 13.2%€1.5m▲ 92.5%€3.0m▲ 94.6%€2.2m▼ 26.7%€2.3m▲ 6.2%
Debt€611,889▼ 24.3%€1.2m▲ 104%€2.3m▲ 82.2%€1.4m▼ 39.2%€2.3m▲ 66.1%
Working capital€256,428▲ 290%€17,979▼ 93.0%-€517,661€818,065€1.3m▲ 61.8%
Staff (FTE)4.5▼ 13.5%5.6▲ 24.4%6.4▲ 14.3%7.8▲ 21.9%8.9▲ 14.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €665,337 after €230,842 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€104,270 ▲ 27.0%
Current assets
€2.2m ▲ 5.4%
Equity and liabilities €2.3m
Equity
€11,077 ▼ 98.6%
Debt
€2.3m ▲ 66.1%
Debt's share of the balance-sheet total rises from 63.6% to 99.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€622,608▼
2023 · €264,269
Cash flow
-€737,485▼
2023 · €130,577
Current ratio
2.50▲
2023 · 1.64
Quick ratio
0.23▼
2023 · 0.27
ROA
-33.8%▼
2023 · 4.5%
Interest coverage
-11.71▼
2023 · 19.83
Debt ≤ 1 year
€880,578▼
2023 · €1.3m
Debt > 1 year
€1.4m▲
2023 · €108,006
Income taxes
€66,792▼
2023 · €112,490
Staff costs
€735,641▼
2023 · €786,293
A ratio outside any meaningful range has been withheld (balance sheet total €2.3m, equity €11,077).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 540 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.2%
went bankrupt
8.3%
stopped otherwise
86%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 540 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.1m | €3.6m | €4.1m | €1.7m | ▼ 58.5% |
| Turnover70 | €1.7m | €1.1m | €3.6m | €4.1m | €1.6m | ▼ 59.5% |
| Other operating income74 | - | €22,443 | €20,107 | €21,820 | €51,311 | ▲ 135% |
| Operating charges60/66A | - | €1.4m | €3.2m | €3.9m | €2.4m | ▼ 38.7% |
| Goods for resale, raw materials and consumables60 | - | €674,814 | €2.0m | €2.3m | €945,978 | ▼ 59.5% |
| Purchases600/8 | - | €1.3m | €2.1m | €2.8m | €1.4m | ▼ 48.8% |
| Change in stocks: decrease (increase)609 | - | -€616,358 | -€11,860 | -€491,872 | -€501,651 | ▼ 2.0% |
| Services and other goods61 | - | €281,450 | €468,378 | €676,573 | €630,989 | ▼ 6.7% |
| Remuneration, social security and pensions62 | - | €423,393 | €704,758 | €786,293 | €735,641 | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,970 | €22,333 | €36,219 | €33,427 | €42,729 | ▲ 27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,216 | -€43,238 | €15,739 | €6,881 | ▼ 56.3% |
| Other operating charges640/8 | - | €282 | €1,475 | €7,107 | €424 | ▼ 94.0% |
| Non-recurring operating charges66A | - | - | - | €4,736 | €710 | ▼ 85.0% |
| Operating profit (loss)9901 | €87,458 | -€294,321 | €421,067 | €230,842 | -€665,337 | ▼ 388% |
| Financial income75/76B | - | €2,320 | €24,350 | €16,610 | €11,797 | ▼ 29.0% |
| Recurring financial income75 | €1,883 | €2,320 | €24,350 | €16,610 | €11,797 | ▼ 29.0% |
| Income from financial fixed assets750 | - | - | €19,810 | €11,941 | - | - |
| Other financial income752/9 | - | €2,320 | €4,540 | €4,669 | €11,797 | ▲ 153% |
| Financial charges65/66B | - | €11,243 | €27,226 | €37,811 | €59,883 | ▲ 58.4% |
| Recurring financial charges65 | €18,085 | €11,243 | €27,226 | €37,811 | €59,883 | ▲ 58.4% |
| Debt charges650 | €5,199 | €5,426 | €5,852 | €13,327 | €53,188 | ▲ 299% |
| Other financial charges652/9 | - | €5,816 | €21,374 | €24,485 | €6,695 | ▼ 72.7% |
| Profit (loss) for the period before taxes9903 | €71,257 | -€303,244 | €418,191 | €209,640 | -€713,423 | ▼ 440% |
| Income taxes67/77 | -€4,515 | - | €1,256 | €112,490 | €66,792 | ▼ 40.6% |
| Taxes670/3 | - | - | €1,256 | €112,490 | €66,792 | ▼ 40.6% |
| Profit (loss) for the period9904 | €75,772 | -€303,244 | €416,935 | €97,150 | -€780,215 | ▼ 903% |
| Profit (loss) for the period to be appropriated9905 | €75,772 | -€303,244 | €416,935 | €97,150 | -€780,215 | ▼ 903% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €792,339 | €1.5m | €3.0m | €2.2m | €2.3m | ▲ 6.2% |
| Fixed assets21/28 | €28,050 | €288,471 | €1.2m | €82,085 | €104,270 | ▲ 27.0% |
| Tangible fixed assets22/27 | €25,450 | €72,877 | €82,342 | €79,485 | €101,670 | ▲ 27.9% |
| Plant, machinery and equipment23 | - | €1,552 | €836 | €119 | €58,808 | ▲ 49,203% |
| Furniture and vehicles24 | - | €37,518 | €34,547 | €19,973 | €7,975 | ▼ 60.1% |
| Leasing and similar rights25 | - | €33,807 | €46,959 | €59,393 | €34,887 | ▼ 41.3% |
| Financial fixed assets28 | €2,600 | €215,594 | €1.2m | €2,600 | €2,600 | = |
| Affiliated companies280/1 | - | €212,994 | €1.2m | - | - | - |
| Amounts receivable281 | - | €212,994 | €1.2m | - | - | - |
| Other financial fixed assets284/8 | - | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Amounts receivable and cash guarantees285/8 | - | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Current assets29/58 | €764,289 | €1.2m | €1.7m | €2.1m | €2.2m | ▲ 5.4% |
| Stocks and contracts in progress3 | €354,327 | €968,130 | €1.5m | €1.8m | €2.0m | ▲ 14.2% |
| Stocks30/36 | - | €968,130 | €1.5m | €1.8m | €2.0m | ▲ 14.2% |
| Goods purchased for resale34 | - | €968,130 | €1.0m | €1.5m | €2.0m | ▲ 32.8% |
| Advance payments36 | - | - | €448,470 | €245,350 | - | - |
| Amounts receivable within one year40/41 | €258,987 | €152,938 | €186,425 | €166,017 | €92,653 | ▼ 44.2% |
| Trade receivables40 | - | €104,079 | €157,925 | €128,962 | €70,813 | ▼ 45.1% |
| Other amounts receivable41 | - | €48,859 | €28,500 | €37,056 | €21,840 | ▼ 41.1% |
| Cash at bank and in hand54/58 | €116,468 | €107,461 | €34,650 | €134,021 | €100,024 | ▼ 25.4% |
| Deferred charges and accrued income490/1 | - | €7,995 | €30,652 | €39,285 | €9,350 | ▼ 76.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €792,339 | €1.5m | €3.0m | €2.2m | €2.3m | ▲ 6.2% |
| Equity10/15 | €180,450 | €277,206 | €694,141 | €791,292 | €11,077 | ▼ 98.6% |
| Contributions10/11 | - | €579,000 | €579,000 | €579,000 | €579,000 | = |
| Reserves13 | €38,353 | €38,353 | €38,353 | €38,353 | €38,353 | = |
| Non-distributable reserves130/1 | - | €19,998 | €19,998 | €19,998 | €19,998 | = |
| Reserves not available under the articles1311 | - | €17,900 | €17,900 | €17,900 | €17,900 | = |
| Other1319 | - | €2,098 | €2,098 | €2,098 | €2,098 | = |
| Tax-exempt reserves132 | - | €18,355 | €18,355 | €18,355 | €18,355 | = |
| Profit (loss) carried forward14 | -€36,903 | -€340,147 | €76,788 | €173,939 | -€606,276 | ▼ 449% |
| Amounts payable17/49 | €611,889 | €1.2m | €2.3m | €1.4m | €2.3m | ▲ 66.1% |
| Amounts payable after more than one year17 | €100,098 | €25,628 | €31,799 | €108,006 | €1.4m | ▲ 1,203% |
| Financial debts170/4 | - | €25,628 | €31,799 | €108,006 | €1.4m | ▲ 1,203% |
| Leasing and similar obligations172 | - | €25,628 | €31,799 | €38,748 | €17,882 | ▼ 53.9% |
| Other loans174 | - | - | - | €69,258 | €1.4m | ▲ 1,907% |
| Amounts payable within one year42/48 | €507,861 | €1.2m | €2.2m | €1.3m | €880,578 | ▼ 30.9% |
| Current portion of amounts payable after more than one year42 | - | €9,015 | €16,011 | €23,085 | €20,866 | ▼ 9.6% |
| Financial debts43 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Credit institutions430/8 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Trade debts44 | €106,444 | €209,520 | €435,978 | €514,126 | €346,380 | ▼ 32.6% |
| Suppliers440/4 | - | €209,520 | €435,978 | €514,126 | €346,380 | ▼ 32.6% |
| Advances received on contracts in progress46 | - | €673,768 | €1.3m | €222,378 | €147,218 | ▼ 33.8% |
| Taxes, remuneration and social security45 | - | €76,242 | €241,591 | €264,148 | €116,114 | ▼ 56.0% |
| Taxes450/3 | - | €17,795 | €21,829 | €24,792 | €32,886 | ▲ 32.7% |
| Remuneration and social security454/9 | - | €58,447 | €219,761 | €239,356 | €83,227 | ▼ 65.2% |
| Accrued charges and deferred income492/3 | - | €3,616 | €336 | €852 | €8,737 | ▲ 925% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,772 | -€303,244 | €416,935 | €97,150 | -€780,215 | ▼ 903% |
| + Depreciation and write-downs630 | €14,970 | €22,333 | €36,219 | €33,427 | €42,729 | ▲ 27.8% |
| Operating cash flow (approximation) | €90,742 | -€280,911 | €453,154 | €130,577 | -€737,485 | ▼ 665% |
| Investment in fixed assets (approximation) | - | -€282,754 | -€991,685 | €1.1m | -€64,915 | ▼ 106% |
| Change in cash | - | -€9,007 | -€72,812 | €99,371 | -€33,997 | ▼ 134% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Weakest financial yearnet -€780,215
Net result drops to -€780,215, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.64
Current ratio from 0.77 to 1.64; short-term debt falls from €2.2m to €1.3m.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Back to profitnet €416,935
Net result €416,935 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €694,141 ▲150%
Equity rises from €277,206 to €694,141.
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 114 days late
2021
31-12
Financial
Equity above €200,000Eq €277,206 ▲53.6%
Equity rises from €180,450 to €277,206.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 6 days late
2020
31-12
Financial
Back to profitnet €75,772
Net result €75,772 after 2 loss-making years.
Show earlier events
31-12
Financial
Equity above €150,000Eq €180,450 ▲72.4%
Equity rises from €104,678 to €180,450.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
No directors read yet: 0 of 16 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 2004
Ground area
5,655 m²
Building footprint
1,298 m²
Volume, LiDAR
8,550 m³
Parcel 25097C0567/00L000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Avenue Ernest Solvay 48, 1480 Tubize
since 20042.150.726.461
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0567/00L000 | Wallonia | 5,655 m² | 1 · 1,298 m² | 7.9 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.
Structure & network
Part of the group
ESCO FINANCIAL AND ENGINEERING COMPANY
5 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- ESCO FINANCIAL AND ENGINEERING COMPANY
- ESCO POWER
Highest known parent: ESCO FINANCIAL AND ENGINEERING COMPANY. The sources do not say who stands above it.
Owners 1
- 99.85%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of ESCO POWER and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded10-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
28150Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870494232
Also
9925:BE0870494232
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.