ESIV
ActiveSummary
ESIV has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65,055 and a net result of €835. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▲+19
Solvency56▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.11 in 2023; short-term debt: 18.5% and cash: 10.4% of total assets), and 69.4% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
30.6%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
26 d early
2021
2 d early
2020
11 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€65,055▲ 1.3%
2023 · €64,220
Total assets
€212,831▼ 13.8%
2023 · €247,025
Net result
€835
2023 · -€5,935
Working capital
€3,694▼ 51.8%
2023 · €7,671
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
Line20202021202220232024
Operating result-€2,916-€4,947▼ 69.7%€33,267-€396€9,633
Net result-€4,492-€6,721▼ 49.6%€19,993-€5,935€835
Equity€56,882▼ 9.5%€50,161▼ 11.8%€70,154▲ 39.9%€64,220▼ 8.5%€65,055▲ 1.3%
Total assets€85,073▲ 3.7%€203,181▲ 139%€240,893▲ 18.6%€247,025▲ 2.5%€212,831▼ 13.8%
Debt€28,190▲ 47.1%€153,020▲ 443%€170,738▲ 11.6%€182,805▲ 7.1%€147,776▼ 19.2%
Working capital€41,751▼ 9.3%-€1,546€19,748€7,671▼ 61.2%€3,694▼ 51.8%
Staff (FTE)0.81.9▲ 138%2▲ 5.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9,633 after a loss of €396 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €212,831
Fixed assets
€169,730 ▼ 1.6%
Current assets
€43,101 ▼ 42.2%
Equity and liabilities €212,831
Equity
€65,055 ▲ 1.3%
Debt
€147,776 ▼ 19.2%
Debt's share of the balance-sheet total falls from 74.0% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,768▲
2023 · €7,587
Cash flow
€9,970▲
2023 · €2,048
Current ratio
1.09▼
2023 · 1.11
Quick ratio
1.03▼
2023 · 1.07
Debt to equity
2.27▼
2023 · 2.85
ROE
1.3%▲
2023 · -9.2%
ROA
0.4%▲
2023 · -2.4%
Interest coverage
3.18▲
2023 · 1.34
Debt ≤ 1 year
€39,407▼
2023 · €66,927
Debt > 1 year
€108,369▼
2023 · €115,878
Income taxes
€2,966▲
2023 · €457
Staff costs
€59,865▼
2023 · €70,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €25,835 | €70,279 | €59,865 | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,895 | €6,926 | €9,250 | €7,983 | €9,135 | ▲ 14.4% |
| Other operating charges640/8 | - | €1,792 | €1,970 | €1,980 | €1,623 | ▼ 18.0% |
| Non-recurring operating charges66A | - | €0 | - | €68 | €526 | ▲ 675% |
| Gross operating margin9900 | €3,647 | €3,771 | €70,322 | €79,914 | €80,782 | ▲ 1.1% |
| Operating profit (loss)9901 | -€2,916 | -€4,947 | €33,267 | -€396 | €9,633 | ▲ 2,531% |
| Financial income75/76B | - | €1,277 | €1,403 | €575 | €76 | ▼ 86.8% |
| Recurring financial income75 | €60 | €1,277 | €1,403 | €575 | €76 | ▼ 86.8% |
| Financial charges65/66B | - | €2,759 | €3,899 | €5,656 | €5,908 | ▲ 4.5% |
| Recurring financial charges65 | €1,340 | €2,759 | €3,899 | €5,656 | €5,908 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | -€4,196 | -€6,428 | €30,772 | -€5,478 | €3,801 | ▲ 169% |
| Income taxes67/77 | €296 | €293 | €10,779 | €457 | €2,966 | ▲ 549% |
| Profit (loss) for the period9904 | -€4,492 | -€6,721 | €19,993 | -€5,935 | €835 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | -€4,492 | -€6,721 | €19,993 | -€5,935 | €835 | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,073 | €203,181 | €240,893 | €247,025 | €212,831 | ▼ 13.8% |
| Fixed assets21/28 | €15,288 | €176,191 | €173,629 | €172,427 | €169,730 | ▼ 1.6% |
| Intangible fixed assets21 | €12,000 | €10,500 | €9,000 | €7,500 | €6,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €3,288 | €165,691 | €164,629 | €164,927 | €163,730 | ▼ 0.7% |
| Land and buildings22 | - | €159,348 | €160,897 | €155,601 | €150,305 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €3,148 | €1,278 | €567 | €1,505 | ▲ 165% |
| Furniture and vehicles24 | - | €2,156 | €1,520 | €7,930 | €11,195 | ▲ 41.2% |
| Other tangible fixed assets26 | - | €1,038 | €934 | €829 | €724 | ▼ 12.6% |
| Current assets29/58 | €69,785 | €26,990 | €67,264 | €74,598 | €43,101 | ▼ 42.2% |
| Stocks and contracts in progress3 | €1,590 | €1,590 | €1,962 | €2,760 | €2,615 | ▼ 5.3% |
| Stocks30/36 | - | €1,590 | €1,962 | €2,760 | €2,615 | ▼ 5.3% |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €29,807 | €24,784 | €40,310 | €59,450 | €14,101 | ▼ 76.3% |
| Trade receivables40 | - | €24,780 | €39,079 | €50,142 | €14,090 | ▼ 71.9% |
| Other amounts receivable41 | - | €5 | €1,231 | €9,308 | €11 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €25,127 | €0 | €22,440 | €7,790 | €22,145 | ▲ 184% |
| Deferred charges and accrued income490/1 | - | €616 | €2,553 | €4,597 | €4,241 | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,073 | €203,181 | €240,893 | €247,025 | €212,831 | ▼ 13.8% |
| Equity10/15 | €56,882 | €50,161 | €70,154 | €64,220 | €65,055 | ▲ 1.3% |
| Contributions10/11 | - | €19,200 | €19,200 | €19,200 | €19,200 | = |
| Reserves13 | €15,156 | €15,156 | €35,150 | €35,150 | €35,150 | = |
| Non-distributable reserves130/1 | - | €1,920 | €1,920 | €1,920 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,920 | €1,920 | €1,920 | €0 | ▼ 100% |
| Distributable reserves133 | - | €13,236 | €33,230 | €33,230 | €35,150 | ▲ 5.8% |
| Profit (loss) carried forward14 | €22,526 | €15,805 | €15,805 | €9,870 | €10,705 | ▲ 8.5% |
| Amounts payable17/49 | €28,190 | €153,020 | €170,738 | €182,805 | €147,776 | ▼ 19.2% |
| Amounts payable after more than one year17 | - | €124,327 | €123,222 | €115,878 | €108,369 | ▼ 6.5% |
| Financial debts170/4 | - | €124,327 | €123,222 | €115,878 | €108,369 | ▼ 6.5% |
| Amounts payable within one year42/48 | €28,034 | €28,536 | €47,516 | €66,927 | €39,407 | ▼ 41.1% |
| Current portion of amounts payable after more than one year42 | - | €5,857 | €7,193 | €7,344 | €7,510 | ▲ 2.3% |
| Financial debts43 | - | €4,632 | €4,014 | €3,533 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €4,632 | €4,014 | €3,533 | €0 | ▼ 100% |
| Trade debts44 | €3,518 | €2,977 | €8,979 | €8,574 | €4,478 | ▼ 47.8% |
| Suppliers440/4 | - | €2,977 | €8,979 | €8,574 | €4,478 | ▼ 47.8% |
| Advances received on contracts in progress46 | - | €980 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €4,781 | €23,973 | €27,312 | €25,847 | ▼ 5.4% |
| Taxes450/3 | - | €4,781 | €21,086 | €11,129 | €15,175 | ▲ 36.4% |
| Remuneration and social security454/9 | - | - | €2,886 | €16,183 | €10,673 | ▼ 34.1% |
| Other amounts payable47/48 | - | €9,309 | €3,357 | €20,164 | €1,572 | ▼ 92.2% |
| Accrued charges and deferred income492/3 | - | €157 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,492 | -€6,721 | €19,993 | -€5,935 | €835 | ▲ 114% |
| + Depreciation and write-downs630 | €2,895 | €6,926 | €9,250 | €7,983 | €9,135 | ▲ 14.4% |
| Operating cash flow (approximation) | -€1,597 | €205 | €29,243 | €2,048 | €9,970 | ▲ 387% |
| Investment in fixed assets (approximation) | - | -€167,828 | -€6,688 | -€6,782 | -€6,437 | ▲ 5.1% |
| Change in cash | - | -€25,127 | €22,440 | -€14,650 | €14,354 | ▲ 198% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €835
Net result €835 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,993
Net result €19,993 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€6,721
Net result drops to -€6,721, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Duffel · 1 establishment unit since 1999
Ground area
336 m²
Building footprint
141 m²
Volume, LiDAR
929 m³
Parcel 12009E0636/00A000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kerkstraat 15, 2570 Duffel
since 19992.097.013.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12009E0636/00A000 | Flanders | 336 m² | 1 · 141 m² | 10.1 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 673 EUR awarded · 673 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 673 EUR | 673 EUR |
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,453 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
Founded22-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62100Computer programming
18130Pre-press and pre-media services
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
74120Graphic design and visual communication
74201Photography, excluding press photography
85599Other education
Contact
E-mail
kris@esiv.be
Phone
015/31.04.46
Fax
015/31.95.88
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467376286
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.