ESL GROUP
ActiveSummary
ESL GROUP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,486 and a net result of €1,398. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-44
Solvency27=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2029 sector peers (2025).
NBB · sector comparisonPosition among 2029 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 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
13 d late
2024
12 d late
2023
14 d early
2022
7 d early
2021
19 d early
2020
12 d late
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,486▲ 27.5%
2024 · €5,088
Total assets
€369,549▲ 33.0%
2024 · €277,879
Net result
€1,398▼ 95.4%
2024 · €30,297
Working capital
-€14,502▲ 31.0%
2024 · -€21,020
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€64,244▼ 294%€18,907€21,426▲ 13.3%€35,981▲ 67.9%-€4,052
Net result-€55,808below the sector's middle half▼ 261%€15,758within the sector's middle half€18,847within the sector's middle half▲ 19.6%€30,297above the sector's middle half▲ 60.8%€1,398within the sector's middle half▼ 95.4%
Equity-€59,814below the sector's middle half▼ 1,393%-€44,056below the sector's middle half▲ 26.3%-€25,209below the sector's middle half▲ 42.8%€5,088below the sector's middle half€6,486below the sector's middle half▲ 27.5%
Total assets€148,214within the sector's middle half▲ 34.2%€148,866within the sector's middle half▲ 0.4%€229,041within the sector's middle half▲ 53.9%€277,879above the sector's middle half▲ 21.3%€369,549above the sector's middle half▲ 33.0%
Debt€208,028▲ 81.7%€192,922▼ 7.3%€254,250▲ 31.8%€272,791▲ 7.3%€363,063▲ 33.1%
Working capital-€63,898below the sector's middle half▼ 187%-€31,940below the sector's middle half▲ 50.0%-€50,476below the sector's middle half▼ 58.0%-€21,020below the sector's middle half▲ 58.4%-€14,502below the sector's middle half▲ 31.0%
Solvency-40.4%below the sector's middle half▼ 36.7pp-29.6%below the sector's middle half▲ 10.8pp-11.0%below the sector's middle half▲ 18.6pp1.8%below the sector's middle half▲ 12.8pp1.8%below the sector's middle half▼ 0.1pp
Current ratio0.69below the sector's middle half▼ 0.120.81below the sector's middle half▲ 0.120.78below the sector's middle half▼ 0.030.91within the sector's middle half▲ 0.120.95within the sector's middle half▲ 0.05
Return on assets (ROA)-37.7%below the sector's middle half▼ 23.7pp10.6%within the sector's middle half▲ 48.2pp8.2%within the sector's middle half▼ 2.4pp10.9%within the sector's middle half▲ 2.7pp0.4%within the sector's middle half▼ 10.5pp
Staff (FTE)3▼ 46.4%3=3.4▲ 13.3%4.9▲ 44.1%5.2▲ 6.1%
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €4,052 after €35,981 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369,549
Fixed assets
€68,634 ▼ 0.1%
Current assets
€300,915 ▲ 43.9%
Equity and liabilities €369,549
Equity
€6,486 ▲ 27.5%
Debt
€363,063 ▲ 33.1%
Debt's share of the balance-sheet total rises from 98.2% to 98.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,974▼
2024 · €57,763
Cash flow
€22,424▼
2024 · €52,079
Quick ratio
0.43▲
2024 · 0.36
Debt to equity
55.98▲
2024 · 53.61
ROE
21.6%▼
2024 · 595.5%
Interest coverage
2.21▼
2024 · 7.60
Debt ≤ 1 year
€315,417▲
2024 · €230,166
Debt > 1 year
€47,646▲
2024 · €42,625
Income taxes
€365▲
2024 · €337
Staff costs
€238,788▲
2024 · €200,650
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.2%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,375 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €74,518 | €140,730 | €200,650 | €238,788 | ▲ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,300 | €6,032 | €6,035 | €21,782 | €21,026 | ▼ 3.5% |
| Other operating charges640/8 | - | €1,357 | €1,762 | €1,301 | €19,316 | ▲ 1,385% |
| Gross operating margin9900 | -€31,021 | €100,814 | €169,953 | €259,714 | €275,078 | ▲ 5.9% |
| Operating profit (loss)9901 | -€64,244 | €18,907 | €21,426 | €35,981 | -€4,052 | ▼ 111% |
| Financial income75/76B | - | €3,612 | €2,575 | €2,253 | €13,496 | ▲ 499% |
| Recurring financial income75 | €1,946 | €1,934 | €2,575 | €2,253 | €13,496 | ▲ 499% |
| Non-recurring financial income76B | - | €1,678 | - | - | - | - |
| Financial charges65/66B | - | €6,639 | €4,861 | €7,600 | €7,681 | ▲ 1.1% |
| Recurring financial charges65 | €2,474 | €6,639 | €4,861 | €7,600 | €7,681 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | -€55,699 | €15,880 | €19,140 | €30,634 | €1,763 | ▼ 94.2% |
| Income taxes67/77 | €109 | €122 | €293 | €337 | €365 | ▲ 8.3% |
| Profit (loss) for the period9904 | -€55,808 | €15,758 | €18,847 | €30,297 | €1,398 | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | -€55,808 | €15,758 | €18,847 | €30,297 | €1,398 | ▼ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,214 | €148,866 | €229,041 | €277,879 | €369,549 | ▲ 33.0% |
| Fixed assets21/28 | €8,460 | €13,357 | €45,778 | €68,733 | €68,634 | ▼ 0.1% |
| Tangible fixed assets22/27 | €4,869 | €9,766 | €41,900 | €64,855 | €64,756 | ▼ 0.2% |
| Plant, machinery and equipment23 | - | €9,082 | €24,948 | €25,214 | €15,447 | ▼ 38.7% |
| Furniture and vehicles24 | - | €534 | €16,952 | €39,641 | €45,386 | ▲ 14.5% |
| Other tangible fixed assets26 | - | €150 | €0 | - | €3,923 | - |
| Financial fixed assets28 | €3,591 | €3,591 | €3,878 | €3,878 | €3,878 | = |
| Current assets29/58 | €139,754 | €135,509 | €183,263 | €209,146 | €300,915 | ▲ 43.9% |
| Stocks and contracts in progress3 | €69,087 | €111,330 | €142,767 | €127,000 | €164,379 | ▲ 29.4% |
| Stocks30/36 | - | €111,330 | €142,767 | €127,000 | €164,379 | ▲ 29.4% |
| Amounts receivable within one year40/41 | €54,296 | €7,396 | €16,191 | €48,478 | €94,986 | ▲ 95.9% |
| Trade receivables40 | - | €6,630 | €16,186 | €48,478 | €94,986 | ▲ 95.9% |
| Other amounts receivable41 | - | €766 | €5 | - | - | - |
| Cash at bank and in hand54/58 | €16,371 | €10,698 | €20,035 | €32,871 | €27,406 | ▼ 16.6% |
| Deferred charges and accrued income490/1 | - | €6,085 | €4,270 | €797 | €14,144 | ▲ 1,675% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,214 | €148,866 | €229,041 | €277,879 | €369,549 | ▲ 33.0% |
| Equity10/15 | -€59,814 | -€44,056 | -€25,209 | €5,088 | €6,486 | ▲ 27.5% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €2,240 | €2,240 | €2,240 | €2,240 | €2,240 | = |
| Non-distributable reserves130/1 | - | €2,240 | €2,240 | €2,240 | €2,240 | = |
| Legal reserve130 | - | €2,240 | €2,240 | €2,240 | €2,240 | = |
| Profit (loss) carried forward14 | -€187,054 | -€171,296 | -€152,449 | -€122,152 | -€120,754 | ▲ 1.1% |
| Amounts payable17/49 | €208,028 | €192,922 | €254,250 | €272,791 | €363,063 | ▲ 33.1% |
| Amounts payable after more than one year17 | - | €25,473 | €20,511 | €42,625 | €47,646 | ▲ 11.8% |
| Financial debts170/4 | - | €25,473 | €20,511 | €42,625 | €47,646 | ▲ 11.8% |
| Amounts payable within one year42/48 | €203,652 | €167,449 | €233,739 | €230,166 | €315,417 | ▲ 37.0% |
| Current portion of amounts payable after more than one year42 | - | €9,746 | €16,439 | €27,547 | €23,732 | ▼ 13.8% |
| Trade debts44 | €59,148 | €20 | €60,417 | €24,298 | €48,060 | ▲ 97.8% |
| Suppliers440/4 | - | €20 | €60,417 | €24,298 | €48,060 | ▲ 97.8% |
| Taxes, remuneration and social security45 | - | €23,999 | €14,179 | €44,400 | €47,949 | ▲ 8.0% |
| Taxes450/3 | - | €10,834 | €3,053 | €9,512 | €8,291 | ▼ 12.8% |
| Remuneration and social security454/9 | - | €13,165 | €11,126 | €34,888 | €39,658 | ▲ 13.7% |
| Other amounts payable47/48 | - | €133,684 | €142,704 | €133,921 | €195,676 | ▲ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,808 | €15,758 | €18,847 | €30,297 | €1,398 | ▼ 95.4% |
| + Depreciation and write-downs630 | €11,300 | €6,032 | €6,035 | €21,782 | €21,026 | ▼ 3.5% |
| Operating cash flow (approximation) | -€44,508 | €21,790 | €24,882 | €52,079 | €22,424 | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | -€10,929 | -€38,456 | -€44,737 | -€20,927 | ▲ 53.2% |
| Change in cash | - | -€5,673 | €9,337 | €12,836 | -€5,465 | ▼ 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
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
30-06
Financial
Highest result since 2019net €30,297 ▲60.8%
Operating result €35,981, net result €30,297, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €15,758
Net result €15,758 after 2 loss-making years.
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€55,808
Net result drops to -€55,808, the lowest in the series; recovery starts the following year.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Elsene · 1 establishment unit since 2008
Ground area
125 m²
Building footprint
123 m²
Volume, LiDAR
1,341 m³
Parcel 21444B0034/00E004, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SON ET LUMIERE PRO
since 20082.171.923.040
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0034/00E004 | Brussels | 125 m² | 1 · 123 m² | 18.0 m · 5 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.
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Of 3,395 companies in sector 90393 we hold annual accounts for 942. 399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-07-2008
Fiscal year end30-06
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
46431Wholesale of electrical household appliances and audio-video equipment
46499Wholesale of other household goods
47400Retail sale of information and communication equipment
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899299371
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.