ESKA PROJECTS
InactiveESKA PROJECTS was declared bankrupt on 21-03-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 08-07-2025, published in the Belgian State Gazette on 14-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-03-2023, 234 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
234 d late
2020
90 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 110 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€83,809▲ 22.9%
2020 · €68,179
Total assets
€173,038▲ 35.0%
2020 · €128,171
Net result
€15,630▼ 5.3%
2020 · €16,499
Working capital
€95,195▲ 9.2%
2020 · €87,137
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€8,119-€13,741▲ 69.2%€23,736▲ 72.7%€23,660▼ 0.3%
Net result€4,653-€6,697▲ 43.9%€16,499▲ 146%€15,630▼ 5.3%
Equity€44,984-€51,680▲ 14.9%€68,179▲ 31.9%€83,809▲ 22.9%
Total assets€89,491-€132,995▲ 48.6%€128,171▼ 3.6%€173,038▲ 35.0%
Debt€44,507-€81,314▲ 82.7%€59,992▼ 26.2%€89,229▲ 48.7%
Working capital€59,635-€77,329▲ 29.7%€87,137▲ 12.7%€95,195▲ 9.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 0% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €173,038
Fixed assets
€5,464 ▼ 3.4%
Current assets
€167,574 ▲ 36.8%
Equity and liabilities €173,038
Equity
€83,809 ▲ 22.9%
Debt
€89,229 ▲ 48.7%
Debt's share of the balance-sheet total rises from 46.8% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,850▼
2020 · €24,366
Cash flow
€15,820▼
2020 · €17,129
Current ratio
2.32▼
2020 · 3.46
Debt to equity
1.06▲
2020 · 0.36
ROE
18.6%▼
2020 · 24.2%
ROA
9.0%▼
2020 · 12.9%
Interest coverage
13.92
Debt ≤ 1 year
€72,379▲
2020 · €35,380
Debt > 1 year
€16,850▼
2020 · €24,612
Income taxes
€6,316▲
2020 · €3,928
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,827 | €3,118 | €630 | €190 | ▼ 69.8% |
| Other operating charges640/8 | - | - | - | €120 | - |
| Gross operating margin9900 | €13,122 | €20,246 | €24,611 | €23,970 | ▼ 2.6% |
| Operating profit (loss)9901 | €8,119 | €13,741 | €23,736 | €23,660 | ▼ 0.3% |
| Recurring financial income75 | - | €18 | €23 | - | - |
| Financial charges65/66B | - | - | - | €1,714 | - |
| Recurring financial charges65 | €624 | €4,346 | €3,332 | €1,714 | ▼ 48.6% |
| Profit (loss) for the period before taxes9903 | €7,495 | €9,414 | €20,427 | €21,946 | ▲ 7.4% |
| Income taxes67/77 | €2,843 | €2,717 | €3,928 | €6,316 | ▲ 60.8% |
| Profit (loss) for the period9904 | €4,653 | €6,697 | €16,499 | €15,630 | ▼ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €4,653 | €6,697 | €16,499 | €15,630 | ▼ 5.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €89,491 | €132,995 | €128,171 | €173,038 | ▲ 35.0% |
| Fixed assets21/28 | €9,402 | €6,284 | €5,654 | €5,464 | ▼ 3.4% |
| Tangible fixed assets22/27 | €9,139 | €6,021 | €5,391 | €5,200 | ▼ 3.5% |
| Land and buildings22 | - | - | - | €5,200 | - |
| Financial fixed assets28 | €263 | €263 | €263 | €263 | = |
| Current assets29/58 | €80,089 | €126,710 | €122,517 | €167,574 | ▲ 36.8% |
| Stocks and contracts in progress3 | €6,035 | - | - | - | - |
| Amounts receivable within one year40/41 | €37,408 | €103,845 | €68,887 | €127,115 | ▲ 84.5% |
| Trade receivables40 | - | - | - | €124,178 | - |
| Other amounts receivable41 | - | - | - | €2,936 | - |
| Cash at bank and in hand54/58 | €36,647 | €22,866 | €53,630 | €40,460 | ▼ 24.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €89,491 | €132,995 | €128,171 | €173,038 | ▲ 35.0% |
| Equity10/15 | €44,984 | €51,680 | €68,179 | €83,809 | ▲ 22.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €16,122 | €16,122 | €16,122 | €16,122 | = |
| Non-distributable reserves130/1 | - | - | - | €2,573 | - |
| Reserves not available under the articles1311 | - | - | - | €2,573 | - |
| Distributable reserves133 | - | - | - | €13,548 | - |
| Profit (loss) carried forward14 | €10,262 | €16,959 | €33,457 | €49,087 | ▲ 46.7% |
| Amounts payable17/49 | €44,507 | €81,314 | €59,992 | €89,229 | ▲ 48.7% |
| Amounts payable after more than one year17 | €24,053 | €31,933 | €24,612 | €16,850 | ▼ 31.5% |
| Financial debts170/4 | - | - | - | €16,850 | - |
| Amounts payable within one year42/48 | €20,454 | €49,381 | €35,380 | €72,379 | ▲ 105% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,886 | - |
| Financial debts43 | - | - | - | €7 | - |
| Credit institutions430/8 | - | - | - | €7 | - |
| Trade debts44 | €1,278 | €12,919 | €10,222 | €30,160 | ▲ 195% |
| Suppliers440/4 | - | - | - | €30,160 | - |
| Advances received on contracts in progress46 | - | - | - | €17,364 | - |
| Taxes, remuneration and social security45 | - | - | - | €13,935 | - |
| Taxes450/3 | - | - | - | €12,144 | - |
| Remuneration and social security454/9 | - | - | - | €1,791 | - |
| Other amounts payable47/48 | - | - | - | €2,026 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,653 | €6,697 | €16,499 | €15,630 | ▼ 5.3% |
| + Depreciation and write-downs630 | €3,827 | €3,118 | €630 | €190 | ▼ 69.8% |
| Operating cash flow (approximation) | €8,480 | €9,814 | €17,129 | €15,820 | ▼ 7.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€13,781 | €30,765 | -€13,171 | ▼ 143% |
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
14-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 08-07-2025
2023
27-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 21-03-2023
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 234 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €16,499 ▲146%
Operating result €23,736, net result €16,499, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 371 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PETER VAN CAENEGEM EINDE WERE 270, 9000 GENT- |
21-03-2023 → 08-07-2025 |