ESINES
ActiveSummary
ESINES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202,080 and a net result of €45,314. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+2
Solvency75▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 2.04 in 2024; short-term debt: 34.6% and cash: 25.2% of total assets), and 49.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
11.3%
Age of the figures
9 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 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
28 d early
2023
16 d early
2022
5 d early
2021
26 d early
2020
48 d late
2019
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€202,080▲ 28.9%
2024 · €156,766
Total assets
€401,349▲ 19.4%
2024 · €336,254
Net result
€45,314▲ 35.6%
2024 · €33,419
Working capital
€150,151▲ 53.7%
2024 · €97,691
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,266▼ 59.1%€49,994▲ 207%€31,215▼ 37.6%€50,491▲ 61.7%€68,632▲ 35.9%
Net result€7,660▼ 66.7%€32,170▲ 320%€17,684▼ 45.0%€33,419▲ 89.0%€45,314▲ 35.6%
Equity€129,680▲ 6.3%€125,156▼ 3.5%€123,348▼ 1.4%€156,766▲ 27.1%€202,080▲ 28.9%
Total assets€325,415▼ 10.6%€392,358▲ 20.6%€260,176▼ 33.7%€336,254▲ 29.2%€401,349▲ 19.4%
Debt€195,735▼ 19.1%€267,202▲ 36.5%€136,829▼ 48.8%€179,487▲ 31.2%€199,269▲ 11.0%
Working capital€103,754▲ 13.9%€100,134▼ 3.5%€89,768▼ 10.4%€97,691▲ 8.8%€150,151▲ 53.7%
Staff (FTE)2.9▼ 21.6%2.5▼ 13.8%3.1▲ 24.0%3.1=1.3▼ 58.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401,349
Fixed assets
€112,448 ▼ 22.4%
Current assets
€288,901 ▲ 51.0%
Equity and liabilities €401,349
Equity
€202,080 ▲ 28.9%
Debt
€199,269 ▲ 11.0%
Debt's share of the balance-sheet total falls from 53.4% to 49.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,723▲
2024 · €82,032
Cash flow
€81,405▲
2024 · €64,960
Current ratio
2.08▲
2024 · 2.04
Quick ratio
1.66▲
2024 · 1.15
Debt to equity
0.99▼
2024 · 1.14
ROE
22.4%▲
2024 · 21.3%
ROA
11.3%▲
2024 · 9.9%
Interest coverage
19.52▲
2024 · 19.05
Debt ≤ 1 year
€138,750▲
2024 · €93,661
Debt > 1 year
€58,499▼
2024 · €85,826
Income taxes
€18,680▲
2024 · €13,028
Staff costs
€64,575▼
2024 · €155,773
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,011 | - |
| Remuneration, social security and pensions62 | €95,365 | €109,016 | €153,512 | €155,773 | €64,575 | ▼ 58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,158 | €50,379 | €31,744 | €31,542 | €36,091 | ▲ 14.4% |
| Other operating charges640/8 | €1,390 | €1,451 | €1,996 | €2,262 | €2,691 | ▲ 19.0% |
| Gross operating margin9900 | €163,179 | €210,840 | €218,468 | €240,067 | €171,989 | ▼ 28.4% |
| Operating profit (loss)9901 | €16,266 | €49,994 | €31,215 | €50,491 | €68,632 | ▲ 35.9% |
| Financial income75/76B | €955 | €1,724 | €211 | €262 | €726 | ▲ 177% |
| Recurring financial income75 | €955 | €1,724 | €211 | €262 | €726 | ▲ 177% |
| Financial charges65/66B | €3,567 | €4,377 | €3,636 | €4,306 | €5,364 | ▲ 24.6% |
| Recurring financial charges65 | €3,567 | €4,377 | €3,636 | €4,306 | €5,364 | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | €13,654 | €47,341 | €27,791 | €46,446 | €63,994 | ▲ 37.8% |
| Income taxes67/77 | €5,994 | €15,171 | €10,107 | €13,028 | €18,680 | ▲ 43.4% |
| Profit (loss) for the period9904 | €7,660 | €32,170 | €17,684 | €33,419 | €45,314 | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €7,660 | €32,170 | €17,684 | €33,419 | €45,314 | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325,415 | €392,358 | €260,176 | €336,254 | €401,349 | ▲ 19.4% |
| Fixed assets21/28 | €110,012 | €83,555 | €64,297 | €144,901 | €112,448 | ▼ 22.4% |
| Tangible fixed assets22/27 | €110,012 | €83,555 | €64,297 | €144,901 | €112,448 | ▼ 22.4% |
| Land and buildings22 | €70,366 | €53,514 | €36,663 | €22,285 | €16,579 | ▼ 25.6% |
| Plant, machinery and equipment23 | €827 | €5,631 | €10,942 | €14,056 | €12,627 | ▼ 10.2% |
| Furniture and vehicles24 | €38,818 | €24,410 | €16,692 | €23,839 | €16,748 | ▼ 29.7% |
| Leasing and similar rights25 | - | - | - | €84,720 | €66,495 | ▼ 21.5% |
| Current assets29/58 | €215,403 | €308,803 | €195,880 | €191,353 | €288,901 | ▲ 51.0% |
| Stocks and contracts in progress3 | €87,203 | €86,772 | €85,651 | €83,796 | €58,126 | ▼ 30.6% |
| Stocks30/36 | €87,203 | €86,772 | €85,651 | €83,796 | €58,126 | ▼ 30.6% |
| Amounts receivable within one year40/41 | €119,238 | €202,406 | €82,140 | €57,729 | €127,939 | ▲ 122% |
| Trade receivables40 | €106,319 | €163,710 | €75,219 | €50,397 | €101,456 | ▲ 101% |
| Other amounts receivable41 | €12,919 | €38,696 | €6,921 | €7,332 | €26,483 | ▲ 261% |
| Cash at bank and in hand54/58 | €7,356 | €18,387 | €26,390 | €36,529 | €101,033 | ▲ 177% |
| Deferred charges and accrued income490/1 | €1,607 | €1,238 | €1,700 | €13,299 | €1,804 | ▼ 86.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325,415 | €392,358 | €260,176 | €336,254 | €401,349 | ▲ 19.4% |
| Equity10/15 | €129,680 | €125,156 | €123,348 | €156,766 | €202,080 | ▲ 28.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €111,080 | €106,556 | €104,748 | €138,166 | €183,480 | ▲ 32.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €9,248 | €9,248 | €9,248 | €9,248 | €9,248 | = |
| Distributable reserves133 | €99,972 | €95,448 | €95,500 | €128,919 | €174,232 | ▲ 35.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €195,735 | €267,202 | €136,829 | €179,487 | €199,269 | ▲ 11.0% |
| Amounts payable after more than one year17 | €84,086 | €58,533 | €30,717 | €85,826 | €58,499 | ▼ 31.8% |
| Financial debts170/4 | €84,086 | €58,533 | €30,717 | €85,826 | €58,499 | ▼ 31.8% |
| Amounts payable within one year42/48 | €111,650 | €208,669 | €106,112 | €93,661 | €138,750 | ▲ 48.1% |
| Current portion of amounts payable after more than one year42 | €49,170 | €45,428 | €31,513 | €32,827 | €31,386 | ▼ 4.4% |
| Financial debts43 | €1,764 | - | - | - | - | - |
| Credit institutions430/8 | €1,764 | - | - | - | - | - |
| Trade debts44 | €35,707 | €96,321 | €34,322 | €41,281 | €64,202 | ▲ 55.5% |
| Suppliers440/4 | €35,707 | €96,321 | €34,322 | €41,281 | €64,202 | ▲ 55.5% |
| Taxes, remuneration and social security45 | €25,009 | €32,061 | €21,760 | €19,553 | €43,087 | ▲ 120% |
| Taxes450/3 | €18,410 | €20,489 | €6,736 | €7,480 | €31,375 | ▲ 319% |
| Remuneration and social security454/9 | €6,599 | €11,573 | €15,024 | €12,073 | €11,712 | ▼ 3.0% |
| Other amounts payable47/48 | - | €34,859 | €18,517 | €0 | €75 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,020 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,660 | €32,170 | €17,684 | €33,419 | €45,314 | ▲ 35.6% |
| + Depreciation and write-downs630 | €50,158 | €50,379 | €31,744 | €31,542 | €36,091 | ▲ 14.4% |
| Operating cash flow (approximation) | €57,818 | €82,549 | €49,428 | €64,960 | €81,405 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€23,923 | -€12,486 | -€112,146 | -€3,638 | ▲ 96.8% |
| Change in cash | - | €11,031 | €8,003 | €10,139 | €64,504 | ▲ 536% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €45,314 ▲35.6%
Operating result €68,632, net result €45,314, both a record.
31-12
Financial
Equity above €200,000Eq €202,080 ▲28.9%
6 profitable years in a row build equity to €202,080.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €156,766 ▲27.1%
5 profitable years in a row build equity to €156,766.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
31-12
Financial
Back to profitnet €23,016
Net result €23,016 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €122,020 ▲23.2%
Equity rises from €99,004 to €122,020.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€14,746
Net result drops to -€14,746, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Geetbets · 1 establishment unit since 2004
Ground area
3,106 m²
Building footprint
718 m²
Volume, LiDAR
3,359 m³
Parcel 24095F0095/00K000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Esines
since 20042.135.251.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24095F0095/00K000 | Flanders | 3,106 m² | 1 · 717 m² | 7.6 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.
Similar companies · same sector, comparable size
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LIFT CONSTRUCT
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BUNKER LICHT
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DECRAENE KRIS
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,261 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
Founded02-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
74140Other specialised design activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.