Result from €47,098 to €17,141Registered office moved from Kortrijk to Gullegem Bissegemstraat30-10Equity from €60,513 to €77,654Debts from €57,670 to €269,148Investments €265,079Cash from €40,972 to €66,139
The 2023 accounts came 28 days late. The other two were filed on time.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 40 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (3 of the last 3 accounts filed within 77 days either side of that date).
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803520878
Registered office moved from Kortrijk to Gullegem Bissegemstraat
New registered office: 8560 Gullegem Bissegemstraat 108 · Previous registered office: Zwarte Reke 4, 8501 Kortrijk · Board meeting of 01-09-2025 · Gazette deed
Incorporation
Founding capital of €3,000, 30 shares · Founder: VERSCHAEVE Thibault Eric · Appointments: VERSCHAEVE Thibault Eric (director) and LOUAGIE Enya (successor director) · published on 05-07-2023 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as ESLU: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €268,000 and €393,000, founded between 2022 and 2023.
micro format, filed on 21-04-2026, 101 days before the deadline
Abbreviated and micro format
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €346,802 on 31-12-2025
What the company ownsHow it is paid for
in euro
in euro
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
per financial year, computed from the annual accounts
Line
Trend
2025
2024
2023
265,079
0
59,076
25,167
34,493
-
22.4%
51.2%
18.5%
22.1%
77.8%
77.6%
4.9%
39.9%
14.4%
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others
Real securities
Real securities, such as a mortgage or a pledge, give a creditor priority over certain assets. In a bankruptcy that creditor is paid first. Less is then left for ordinary suppliers.
Item
2025
2024
2023
Mortgages, amount registered
€27,500
-
-
€231,000
-
-
Carrying value of the mortgaged assets
€235,000
-
-
€0
-
-
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
2025
2024
2023
Tangible fixed assets
€265,079
-
€59,076
€40,599
€12,387
€5,736
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ESLU
The operating result for 2025 is 53% lower than in 2024.
Debt's share of the balance-sheet total rises from 48.8% to 77.6%. Equity and debt are higher.
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
ESLU has no parent and no holdings in its annual accounts. VERSCHAEVE Thibault Eric is the only director. ESLU shares no director with another company.
Timeline
Timeline
9 events since 2023
Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts:
31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803520878
Annual accounts 2025 filedPDFmicro format · 101 days before the deadline
2025
Registered office moved from Kortrijk to Gullegem BissegemstraatNew registered office: 8560 Gullegem Bissegemstraat 108 · Previous registered office: Zwarte Reke 4, 8501 Kortrijk · Board meeting of 01-09-20252 points ▸
Annual accounts 2024 filedPDFmicro format · 48 days before the deadline
2024
Highest result from 2023 to 2025net €47,098 ▲352% The operating result of €61,898 and the net result of €47,098 are both a record.
Liquidity more than doubledcurrent ratio 2.54 The current ratio rises from 0.88 to 2.54.
Annual accounts 2023 filedPDFabbreviated format · 28 days late
2023
IncorporationFounding capital of €3,000, 30 shares · Founder: VERSCHAEVE Thibault Eric · Appointments: VERSCHAEVE Thibault Eric (director) and LOUAGIE Enya (successor director) · published on 05-07-20235 points ▸
Registered office clause, Kortrijk, Heule, Zwarte Reke 4
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
ESLU was incorporated on 3 July 2023 as a private limited company by one natural person, with a starting capital of €3,000.12The registered office was moved to Gullegem Bissegemstraat in 2025.3Since 2023, VERSCHAEVE Thibault Eric has served as director.4Total assets rose from €72,332 in 2023 to €346,802 in 2025.5
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
70210Activities of head offices; management consultancy activities
82990Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in de meest…”
20 activities
Alle verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in de meest ruime betekenis,omvattend doch geenszins beperkt tot het uitvoeren van alle studies en onderzoeken alsmede het verlenen van alle adviezen en alle bijstand inzake het geheel of enig deelaspect management,bestuur,directie,ondernemingen,bedrijvigheden en verenigingen zonder onderscheid
Het verlenen van bijstand,advies en leiding aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op vlak van management,finance,marketing,productie en ontwikkeling,processing,personeelszaken,strategie,verkoop,het uitvoeren van alle opdrachten,participatie onder vorm van organisatiestudies,expertises,raadgevingen op alle gebied en het besturen van vennootschappen,dit alles in meest ruime betekenis
Het ontwikkelen,geven van voordrachten,organiseren,coachen en uitvoeren van opleidingen,seminaries,business meetings,beurzen en events,raden van adviezen diverse professionele contacten in meest ruime zin
Training en coaching(soft skills,project management,servicemanagement)aan bedrijven en particulieren
Het uitoefenen van alle beheersmanagement,consultingopdrachten,HR-opdrachten en functies in afhankelijke of onafhankelijke vennootschappen,bedrijven,ondernemingen en particulieren
Het uitvoeren van alle administratieve activiteiten en dit in ruimste zin van het woord
Het adviseren en begeleiden van organisaties bij optimaliseren van hun interne en externe communicatie
Het bedenken,evalueren,ontwikkelen,opvolgen en implementeren van marketing-,communicatie-,reclame- en verkoopsondersteunende strategieën en acties,voor eigen diensten en goederen of voor rekening van derden
Projectontwikkeling en-leider voor houtskeletbouw,woningbouw,appartementsbouw,industriebouw,kantoorbouw en verkaveling van grondpercelen
Bouwpromotie
Toezien op bouwwerkzaamheden(ruwbouw,installaties,afwerking en dergelijke)
Algemene bouw-,renovatie-en aannemingswerken,zowel residentieel als niet-residentieel
Alle verrichtingen van aan-en verkoop van bouwmaterialen en constructies
Het vervaardigen,het kopen en verkopen,het plaatsen-installeren-en herstellen van alle materialen en voorwerpen op basis van hout,cement,steen,kunststoffen en zo meer,die in verband staan met bouw,binnen-en buitenhuisinrichting;het voeren van studies hiervoor en verhandeling ervan
Groot-en kleinhandel in alle bouwmaterialen,de in-en uitvoer van menigvuldige producten,bouwproducten-en materialen,producten van bosontginning,gezaagd hout,half afgewerkte producten van hout,verbeterd hout of dergelijke producten met kunststof
Het vervoer van goederen over wegen,water,lucht,per container of enige andere wijze
Het verrichten,leveren en plaatsen van alle timmer-en schrijnwerk in eender welk materiaal van gebouwen in ruimste zin van het woord
Huur en verhuur van machines
Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals huurfinanciering aan derden,aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten en beheer,inclusief terbeschikkingstelling van vastgoed aan bestuurder(s)als alternatieve bezoldiging,alsmede handelingen die opbrengst bevorderen en borgstelling voor verbintenissen van derden met genot van goederen
Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,aan-en verkoop,huur en verhuur en beheer van roerende goederen,verrichten met betrekking tot roerende goederen en rechten,verwerven door inschrijving of aankoop en beheren van aandelen,obligaties,kasbons of andere roerende waarden,Belgische of buitenlandse,bestaande of op te richten rechtspersonen en ondernemingen,handelingen die opbrengst bevorderen en borgstelling voor verbintenissen van derden met genot van goederen