ESHER
InactiveFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 26-06-2025 PDF all 34 filings
Turnover
≈ €2.1m
Estimated: probably between €1.4m and €3.4m
Total assets
€998,976▼ 6.2%
2023 · €1.1m
Net result
€172,824▲ 75.1%
2023 · €98,725
Working capital
€616,105▲ 16.5%
2023 · €528,828
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 41% higher than in 2023 and the highest since 2020. It is the third rise in a row, after the fall in 2021.
Operating result€0.2m
2024
Net result€0.2m
2024
Total assets€1.0m
2024
Equity€0.7m
2024
Debt€0.3m
2024
Working capital€0.6m
2024
Staff (FTE)11.7
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.4m-€0.04m▼ 87.6%€0.2m▲ 347%€0.1m▼ 38.0%€0.1m▲ 20.1%€0.2m▲ 6.7%€0.2m▲ 41.5%
Net result€0.3m-€0.03m▼ 90.3%€0.2m▲ 481%€0.1m▼ 48.0%€0.1m▲ 5.4%€0.1m▼ 4.3%€0.2m▲ 75.1%
Equity€0.2m-€0.2m▲ 20.5%€0.4m▲ 98.9%€0.5m▲ 25.8%€0.5m▲ 0.7%€0.6m▲ 20.6%€0.7m▲ 16.1%
Total assets€0.9m-€0.8m▼ 13.9%€0.8m▲ 2.0%€1.0m▲ 25.0%€0.9m▼ 7.2%€1.1m▲ 17.2%€1.0m▼ 6.2%
Debt€0.7m-€0.6m▼ 21.3%€0.4m▼ 30.0%€0.5m▲ 24.2%€0.4m▼ 14.6%€0.5m▲ 13.4%€0.3m▼ 32.6%
Working capital€0.4m-€0.4m▼ 17.0%€0.5m▲ 30.3%€0.5m▲ 2.0%€0.4m▼ 13.9%€0.5m▲ 25.7%€0.6m▲ 16.5%
Staff (FTE)23.4-20.7▼ 11.5%18.6▼ 10.1%17.6▼ 5.4%15.5▼ 11.9%15▼ 3.2%11.7▼ 22.0%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €998,976
Fixed assets
€84,314 ▼ 18.2%
Current assets
€914,662 ▼ 4.9%
Equity and liabilities €998,976
Equity
€671,023 ▲ 16.1%
Debt
€327,953 ▼ 32.6%
Debt's share of the balance-sheet total falls from 45.7% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€259,120▲
2023 · €190,838
Cash flow
€211,607▲
2023 · €133,842
Current ratio
3.06▲
2023 · 2.22
Quick ratio
2.11▲
2023 · 1.99
Debt to equity
0.49▼
2023 · 0.84
ROE
25.8%▲
2023 · 17.1%
ROA
17.3%▲
2023 · 9.3%
Interest coverage
23.49▲
2023 · 21.07
Debt ≤ 1 year
€298,557▼
2023 · €433,102
Debt > 1 year
€26,119▼
2023 · €51,102
Income taxes
€37,350▼
2023 · €48,252
Staff costs
€946,758▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 17 | 16 | 10 |
| full-time | 14 | 12 | 7 |
| part-time | 3 | 4 | 3 |
| in full-time equivalents | 16.3 | 15.1 | 9.3 |
| Average over the year, in full-time equivalents | 15.5 | 15 | 11.7 |
| On a permanent contract | 17 | 16 | 10 |
| Joined | 8 | 4 | 4 |
| Left | 10 | 5 | 10 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Securities and guarantees
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Debts secured on the company's own assets | - | €75,000 | €51,102 |
| Pledge on the business | €373,847 | €373,847 | €373,847 |
| Mandates to pledge the business | €27,500 | €27,500 | €27,500 |
Source: notes to the 2022 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | €20,815 | €46,028 | €19,831 |
| Intangible fixed assets | €13,884 | €33,401 | - |
| Financial fixed assets | - | - | €190 |
| Depreciation and write-downs of the year | €17,684 | €35,117 | €38,783 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 4 entries · €16,773 awarded · €16,773 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €5,317 | €5,317 |
| 2022 | 2 | €11,456 | €11,456 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.003m | €0.001m | €0.007m | ▲ 408% |
| Remuneration, social security and pensions62 | - | - | - | - | €1.0m | €1.1m | €0.9m | ▼ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.04m | €0.03m | €0.03m | €0.02m | €0.04m | €0.04m | ▲ 10.4% |
| Other operating charges640/8 | - | - | - | - | €0.004m | €0.004m | €0.003m | ▼ 30.2% |
| Non-recurring operating charges66A | - | - | - | - | €404 | €0.03m | €0 | ▼ 100% |
| Gross operating margin9900 | €1.7m | €1.3m | €1.3m | €1.2m | €1.1m | €1.3m | €1.2m | ▼ 5.5% |
| Operating profit (loss)9901 | €0.4m | €0.04m | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 41.5% |
| Financial income75/76B | - | - | - | - | €0.003m | €313 | €0.001m | ▲ 177% |
| Recurring financial income75 | €0.001m | €71 | €42 | €210 | €0.003m | €313 | €0.001m | ▲ 177% |
| Financial charges65/66B | - | - | - | - | €0.008m | €0.009m | €0.01m | ▲ 21.8% |
| Recurring financial charges65 | €0.02m | €0.01m | €0.008m | €0.007m | €0.008m | €0.009m | €0.01m | ▲ 21.8% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.03m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 43.0% |
| Income taxes67/77 | €0.002m | €0.001m | €140 | €0.02m | €0.04m | €0.05m | €0.04m | ▼ 22.6% |
| Profit (loss) for the period9904 | €0.3m | €0.03m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 75.1% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.03m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 75.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.9m | €0.8m | €0.8m | €1.0m | €0.9m | €1.1m | €1.0m | ▼ 6.2% |
| Formation expenses20 | €0.006m | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.08m | €0.06m | €0.05m | €0.05m | €0.06m | €0.1m | €0.08m | ▼ 18.2% |
| Intangible fixed assets21 | €0.03m | €0.02m | €0.01m | €0 | €0.01m | €0.03m | €0.02m | ▼ 44.4% |
| Tangible fixed assets22/27 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.07m | €0.07m | ▼ 6.9% |
| Plant, machinery and equipment23 | - | - | - | - | €0.03m | €0.05m | €0.05m | ▼ 8.4% |
| Furniture and vehicles24 | - | - | - | - | €0.02m | €0.02m | €0.02m | ▲ 0.9% |
| Other tangible fixed assets26 | - | - | - | - | €0.001m | €0.001m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.008m | €0.003m | €0.001m | €0.002m | €0.001m | €0.001m | €0.001m | ▲ 24.5% |
| Current assets29/58 | €0.8m | €0.7m | €0.7m | €0.9m | €0.8m | €1.0m | €0.9m | ▼ 4.9% |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.3m | ▲ 186% |
| Contracts in progress37 | - | - | - | - | €0.2m | €0.1m | €0.3m | ▲ 186% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.3m | €0.4m | €0.3m | €0.5m | €0.3m | ▼ 46.0% |
| Trade receivables40 | - | - | - | - | €0.3m | €0.5m | €0.3m | ▼ 47.4% |
| Other amounts receivable41 | - | - | - | - | €0.008m | €0.008m | €0.01m | ▲ 47.0% |
| Current investments50/53 | - | €0.03m | €0.03m | €0.03m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 0.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.02m | €0.03m | €0.02m | ▼ 4.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.9m | €0.8m | €0.8m | €1.0m | €0.9m | €1.1m | €1.0m | ▼ 6.2% |
| Equity10/15 | €0.2m | €0.2m | €0.4m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 16.1% |
| Contributions10/11 | €0.03m | €0.03m | - | - | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.5m | €0.6m | €0.6m | ▲ 16.8% |
| Non-distributable reserves130/1 | - | - | - | - | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | - | €0.4m | €0.5m | €0.6m | ▲ 18.7% |
| Profit (loss) carried forward14 | -€0.02m | €0.01m | €0.2m | €0.3m | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.7m | €0.6m | €0.4m | €0.5m | €0.4m | €0.5m | €0.3m | ▼ 32.6% |
| Amounts payable after more than one year17 | €0.4m | €0.2m | €0.1m | €0.06m | €0 | €0.05m | €0.03m | ▼ 48.9% |
| Financial debts170/4 | - | - | - | - | €0 | €0.05m | €0.03m | ▼ 48.9% |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 31.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.02m | €0.02m | ▲ 4.5% |
| Financial debts43 | - | - | - | - | €0.1m | €0.1m | €0.04m | ▼ 65.7% |
| Credit institutions430/8 | - | - | - | - | €0.1m | €0.1m | €0.04m | ▼ 65.7% |
| Trade debts44 | €0.2m | €0.1m | €0.04m | €0.2m | €0.08m | €0.1m | €0.03m | ▼ 71.2% |
| Suppliers440/4 | - | - | - | - | €0.08m | €0.1m | €0.03m | ▼ 71.2% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 33.9% |
| Taxes450/3 | - | - | - | - | €0.02m | €0.03m | €0.05m | ▲ 85.9% |
| Remuneration and social security454/9 | - | - | - | - | €0.1m | €0.2m | €0.08m | ▼ 52.9% |
| Other amounts payable47/48 | - | - | - | - | €0.07m | €0 | €0.08m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.003m | €0.003m | ▲ 25.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334,751 | €32,369 | €188,185 | €97,830 | €103,149 | €98,725 | €172,824 | ▲ 75.1% |
| + Depreciation and write-downs630 | €48,757 | €43,112 | €26,098 | €30,404 | €17,684 | €35,117 | €38,783 | ▲ 10.4% |
| Operating cash flow (approximation) | €383,507 | €75,481 | €214,283 | €128,234 | €120,833 | €133,842 | €211,607 | ▲ 58.1% |
| Investment in fixed assets (approximation) | - | -€27,907 | -€11,838 | -€26,622 | -€31,430 | -€79,409 | -€20,021 | ▲ 74.8% |
| Change in cash | - | €45,345 | €49,741 | €110,139 | -€48,967 | -€18,549 | €227 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00183403 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00134732 | |
| 31-12-2022 | abbreviated format | 30-05-2023 | 2023-00098276 | |
| 31-12-2021 | abbreviated format | 10-03-2022 | 2022-07400139 | |
| 31-12-2020 | abbreviated format | 01-06-2021 | 2021-16600422 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-25500401 | |
| 31-12-2018 | abbreviated format | 08-04-2019 | 2019-09500524 | |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-27900448 | |
| 31-12-2016 | abbreviated format | 13-08-2017 | 2017-43500100 | |
| 31-12-2015 | abbreviated format | 13-07-2016 | 2016-30700412 |