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ESEC Solutions

Active
Private limited companyfounded 2024active for 1 yearBegijnenland 9, 2260 Westerlo, BelgiumKBO/BCE: BE 1016.212.481
Summary

ESEC Solutions has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,848 and a net result of €39,681. Its solvency ranks better than 63% of 11,726 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €120,000
Estimated: probably between €92,000 and €170,000
Total assets
€66,170
Net result
€39,681
Working capital
€38,747

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €66,170
Fixed assets €5,101
Current assets €61,069
Equity and liabilities €66,170
Equity €43,848
Debt €22,322
Debt finances 33.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€51,438
Cash flow
€40,507
Current ratio
2.74
Debt to equity
0.51
ROE
90.5%
ROA
60.0%
Interest coverage
over 100
Debt ≤ 1 year
€22,322
Income taxes
€10,925
Staff costs
€2,382

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€66,170
Fixed assets21/28€5,101
Tangible fixed assets22/27€5,101
Plant, machinery and equipment23€2,228
Furniture and vehicles24€2,873
Current assets29/58€61,069
Amounts receivable within one year40/41€4,916
Trade receivables40€4,916
Cash at bank and in hand54/58€56,153
Equity and liabilities
Total equity and liabilities10/49€66,170
Equity10/15€43,848
Contributions10/11€5,000
Reserves13€38,848
Distributable reserves133€38,848
Amounts payable17/49€22,322
Amounts payable within one year42/48€22,322
Trade debts44€2,766
Suppliers440/4€2,766
Taxes, remuneration and social security45€17,911
Taxes450/3€17,911
Other amounts payable47/48€1,644
Income statement Code2025
Remuneration, social security and pensions62€2,382
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€826
Other operating charges640/8€2,237
Gross operating margin9900€56,057
Operating profit (loss)9901€50,612
Financial charges65/66B€6
Recurring financial charges65€6
Profit (loss) for the period before taxes9903€50,606
Income taxes67/77€10,925
Profit (loss) for the period9904€39,681
Profit (loss) for the period to be appropriated9905€39,681
Appropriation of the result
Profit (loss) to be appropriated9906€39,681
Transfer to equity691/2€38,848
To other reserves6921€38,848
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€2,382
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€826
Other operating charges640/8€2,237
Gross operating margin9900€56,057
Operating profit (loss)9901€50,612
Financial charges65/66B€6
Recurring financial charges65€6
Profit (loss) for the period before taxes9903€50,606
Income taxes67/77€10,925
Profit (loss) for the period9904€39,681
Profit (loss) for the period to be appropriated9905€39,681
Line2025
Assets
Total assets20/58€66,170
Fixed assets21/28€5,101
Tangible fixed assets22/27€5,101
Plant, machinery and equipment23€2,228
Furniture and vehicles24€2,873
Current assets29/58€61,069
Amounts receivable within one year40/41€4,916
Trade receivables40€4,916
Cash at bank and in hand54/58€56,153
Equity and liabilities
Total equity and liabilities10/49€66,170
Equity10/15€43,848
Contributions10/11€5,000
Reserves13€38,848
Distributable reserves133€38,848
Amounts payable17/49€22,322
Amounts payable within one year42/48€22,322
Trade debts44€2,766
Suppliers440/4€2,766
Taxes, remuneration and social security45€17,911
Taxes450/3€17,911
Other amounts payable47/48€1,644
Line2025
Profit (loss) for the period9904€39,681
+ Depreciation and write-downs630€826
Operating cash flow (approximation)€40,507

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-07-2026 2026-00367362

Similar companies · same sector, comparable size

Of the 11,530 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,772. 4,946 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.