ESIPA
ActiveSummary
The computed 12-month bankruptcy probability of ESIPA is 9.3% (elevated). For ESIPA, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €8,483 and a net result of -€5,325. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0▼-100
Solvency50▼-21
Growth52▼-26
Track record84
Bankruptcy probability, 12 months
9.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
25.4%
Return on assets
-15.9%
Age of the figures
57 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
31 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingAddress struck
History
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Financials · fiscal year 2021, micro schema
Equity
€8,483▼ 38.6%
2020 · €13,808
Total assets
€33,402▲ 11.2%
2020 · €30,040
Net result
-€5,325
2020 · €17,987
Working capital
€5,070▼ 59.5%
2020 · €12,524
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
Line2018201920202021
Operating result-€456-€18,123€19,716▲ 8.8%-€5,325
Net result-€593-€12,950€17,987▲ 38.9%-€5,325
Equity-€1,256-€11,694€13,808▲ 18.1%€8,483▼ 38.6%
Total assets€496-€21,985▲ 4,331%€30,040▲ 36.6%€33,402▲ 11.2%
Debt€1,752-€10,292▲ 487%€16,232▲ 57.7%€24,919▲ 53.5%
Working capital-€1,394-€9,864€12,524▲ 27.0%€5,070▼ 59.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €5,325 after €19,716 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €33,402
Fixed assets
€3,413 ▲ 166%
Current assets
€29,989 ▲ 4.3%
Equity and liabilities €33,402
Equity
€8,483 ▼ 38.6%
Debt
€24,919 ▲ 53.5%
Debt's share of the balance-sheet total rises from 54.0% to 74.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.20▼
2020 · 1.77
Debt to equity
2.94
ROE
-62.8%▼
2020 · 130.3%
ROA
-15.9%▼
2020 · 59.9%
Debt ≤ 1 year
€24,919▲
2020 · €16,232
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €5,325 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137 | €1,052 | €546 | - | - |
| Gross operating margin9900 | -€318 | €19,757 | €20,609 | -€5,325 | ▼ 126% |
| Operating profit (loss)9901 | -€456 | €18,123 | €19,716 | -€5,325 | ▼ 127% |
| Recurring financial income75 | - | €505 | €304 | - | - |
| Recurring financial charges65 | €137 | €8 | €132 | - | - |
| Profit (loss) for the period before taxes9903 | -€593 | €18,620 | €19,887 | -€5,325 | ▼ 127% |
| Income taxes67/77 | - | €5,671 | €1,900 | - | - |
| Profit (loss) for the period9904 | -€593 | €12,950 | €17,987 | -€5,325 | ▼ 130% |
| Profit (loss) for the period to be appropriated9905 | -€593 | €12,950 | €17,987 | -€5,325 | ▼ 130% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €496 | €21,985 | €30,040 | €33,402 | ▲ 11.2% |
| Fixed assets21/28 | €137 | €1,829 | €1,284 | €3,413 | ▲ 166% |
| Tangible fixed assets22/27 | €137 | €1,829 | €1,284 | €3,413 | ▲ 166% |
| Plant, machinery and equipment23 | - | - | - | €1,816 | - |
| Furniture and vehicles24 | - | - | - | €1,597 | - |
| Current assets29/58 | €359 | €20,156 | €28,756 | €29,989 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €247 | €18,871 | €544 | €1,777 | ▲ 227% |
| Other amounts receivable41 | - | - | - | €1,777 | - |
| Cash at bank and in hand54/58 | €111 | €1,285 | €26,381 | €26,381 | = |
| Deferred charges and accrued income490/1 | - | - | - | €1,831 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €496 | €21,985 | €30,040 | €33,402 | ▲ 11.2% |
| Equity10/15 | -€1,256 | €11,694 | €13,808 | €8,483 | ▼ 38.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | - | €620 | - | - | - |
| Profit (loss) carried forward14 | -€7,456 | €4,874 | €7,608 | €2,283 | ▼ 70.0% |
| Amounts payable17/49 | €1,752 | €10,292 | €16,232 | €24,919 | ▲ 53.5% |
| Amounts payable within one year42/48 | €1,752 | €10,292 | €16,232 | €24,919 | ▲ 53.5% |
| Trade debts44 | €121 | €2,071 | €1,282 | €9,969 | ▲ 678% |
| Suppliers440/4 | - | - | - | €9,969 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,250 | - |
| Taxes450/3 | - | - | - | €3,250 | - |
| Other amounts payable47/48 | - | - | - | €11,700 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€593 | €12,950 | €17,987 | -€5,325 | ▼ 130% |
| + Depreciation and write-downs630 | €137 | €1,052 | €546 | - | - |
| Operating cash flow (approximation) | -€456 | €14,002 | €18,533 | -€5,325 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€2,744 | €0 | -€2,129 | - |
| Change in cash | - | €1,174 | €25,096 | €0 | ▼ 100% |
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
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2024
29-05
KBO administration
Address struck
event 17-04-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€5,325
Net result drops to -€5,325, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €17,987 ▲38.9%
Operating result €19,716, net result €17,987, both a record.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Back to profitnet €12,950
Net result €12,950 after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 1.96
Current ratio from 0.20 to 1.96.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Grez-Doiceau · 1 establishment unit since 2016
Ground area
1,581 m²
Building footprint
194 m²
Volume, LiDAR
2,363 m³
Parcel 25037E0475/00N008, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ESIPA
since 20162.250.379.709
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037E0475/00N008 | Wallonia | 1,581 m² | 1 · 194 m² | 14.0 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-02-2016
Fiscal year end31-12
Contact
E-mail
e.catry@esipa.be
Phone
+32473683023
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.