Summary
EsMar is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €330,190 and a net result of -€34,243. Equity is shrinking by about 4.3% per year across the filed financial years. Its solvency ranks better than 79% of 3,036 sector peers (NACE 66, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Insurance agents and brokers
NACE 66220
7th oldest company in Izegem, Finance and insurance sector1 site
Size
€416,428total assets 2025
- Equity
- €330,190
- Loss
- -€34,243
Turnover not published (abbreviated or micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 70 days early1 of 7 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 days early
2024
72 days early
2023
70 days early
2022
55 days early
2021
75 days early
2020
74 days early
2019
64 days 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 69 days before the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% 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 22 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€34,418
Financials · financial year 2025, micro format
In the rankings
#7 oldest company in Izegem, Finance and insurance sector
Equity
€330,190▼ 9.4%
2024 · €364,433
Net result
-€34,243▲ 0.5%
2024 · -€34,418
Total assets
€416,428▼ 8.8%
2024 · €456,696
Solvency
79.3%▼ 0.5pp
2024 · 79.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €33,460 in 2025 against €33,308 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€33,460
2025
Net result-€34,243
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€416,428
2025
Equity€330,190
2025
Debt€36,822
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€32,543
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-8.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.12
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€288,987--€24,460-€14,605▲ 40.3%€23,108-€1,466-€15,750▼ 974%-€33,308▼ 111%-€33,460▼ 0.5%
Net result€208,400--€32,934-€19,741below the sector's middle half▲ 40.1%€22,176within the sector's middle half€189below the sector's middle half▼ 99.1%-€14,151below the sector's middle half-€34,418below the sector's middle half▼ 143%-€34,243below the sector's middle half▲ 0.5%
Equity€482,905-€449,971▼ 6.8%€430,230above the sector's middle half▼ 4.4%€430,813above the sector's middle half▲ 0.1%€413,002above the sector's middle half▼ 4.1%€398,851above the sector's middle half▼ 3.4%€364,433above the sector's middle half▼ 8.6%€330,190above the sector's middle half▼ 9.4%
Total assets€566,879-€697,984▲ 23.1%€636,690within the sector's middle half▼ 8.8%€512,998within the sector's middle half▼ 19.4%€507,260within the sector's middle half▼ 1.1%€490,253within the sector's middle half▼ 3.4%€456,696within the sector's middle half▼ 6.8%€416,428within the sector's middle half▼ 8.8%
Debt€20,368-€186,434▲ 815%€146,908▼ 21.2%€24,661▼ 83.2%€38,761▲ 57.2%€37,931▼ 2.1%€40,819▲ 7.6%€36,822▼ 9.8%
Working capital€61,120-€19,675▼ 67.8%-€51,979below the sector's middle half€3,845within the sector's middle half€30,773within the sector's middle half▲ 700%-€4,503below the sector's middle half-€37,057below the sector's middle half▼ 723%-€32,543below the sector's middle half▲ 12.2%
Solvency85.2%-64.5%▼ 20.7pp67.6%within the sector's middle half▲ 3.1pp84.0%above the sector's middle half▲ 16.4pp81.4%above the sector's middle half▼ 2.6pp81.4%above the sector's middle half▼ 0.1pp79.8%above the sector's middle half▼ 1.6pp79.3%above the sector's middle half▼ 0.5pp
Current ratio6.51-1.87▼ 4.630.16below the sector's middle half▼ 1.711.16within the sector's middle half▲ 0.991.79within the sector's middle half▲ 0.640.88below the sector's middle half▼ 0.910.07below the sector's middle half▼ 0.810.12below the sector's middle half▲ 0.04
Return on assets (ROA)36.8%--4.7%▼ 41.5pp-3.1%below the sector's middle half▲ 1.6pp4.3%within the sector's middle half▲ 7.4pp0.0%below the sector's middle half▼ 4.3pp-2.9%below the sector's middle half▼ 2.9pp-7.5%below the sector's middle half▼ 4.6pp-8.2%below the sector's middle half▼ 0.7pp
Staff (FTE)0.8-
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416,428
Fixed assets
€412,150 ▼ 9.2%
Current assets
€4,278 ▲ 49.0%
Equity and liabilities €416,428
Equity
€330,190 ▼ 9.4%
Provisions
€49,416 ▼ 3.9%
Debt
€36,822 ▼ 9.8%
Debt's share of the balance-sheet total falls from 8.9% to 8.8%. Equity and debt are lower.
Key figures and ratios
ROE
-10.4%▼
2024 · -9.4%
Debt ≤ 1 year
€36,822▼
2024 · €39,928
Income taxes
€265▼
2024 · €277
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €52,405 | €34,384 | €15,900 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,670 | €36,638 | €35,325 | €24,602 | €54,200 | €36,036 | €41,345 | €41,675 | ▲ 0.8% |
| Other operating charges640/8 | - | - | - | €3,132 | €873 | €1,292 | €390 | €2,284 | ▲ 486% |
| Gross operating margin9900 | €425,391 | €16,060 | €23,841 | €50,842 | €53,607 | €21,579 | €8,427 | €10,498 | ▲ 24.6% |
| Operating profit (loss)9901 | €288,987 | -€24,460 | -€14,605 | €23,108 | -€1,466 | -€15,750 | -€33,308 | -€33,460 | ▼ 0.5% |
| Financial income75/76B | - | - | - | - | - | €66 | €5 | €0 | ▼ 92.7% |
| Recurring financial income75 | €34 | €71 | €9 | - | - | €66 | €5 | €0 | ▼ 92.7% |
| Financial charges65/66B | - | - | - | €2,840 | €51 | €55 | €2,865 | €2,545 | ▼ 11.1% |
| Recurring financial charges65 | €270 | €5,761 | €5,360 | €2,840 | €51 | €55 | €2,865 | €2,545 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €288,230 | -€34,832 | -€21,605 | €20,268 | -€1,518 | -€15,739 | -€36,168 | -€36,005 | ▲ 0.4% |
| Transfer from deferred taxes780 | - | - | - | €2,027 | €2,027 | €2,027 | €2,027 | €2,027 | = |
| Income taxes67/77 | €16,224 | €129 | €163 | €119 | €321 | €439 | €277 | €265 | ▼ 4.2% |
| Profit (loss) for the period9904 | €208,400 | -€32,934 | -€19,741 | €22,176 | €189 | -€14,151 | -€34,418 | -€34,243 | ▲ 0.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,826 | €4,826 | €4,826 | €4,826 | €4,826 | = |
| Profit (loss) for the period to be appropriated9905 | €56,976 | -€28,108 | -€14,916 | €27,002 | €5,015 | -€9,325 | -€29,592 | -€29,418 | ▲ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €566,879 | €697,984 | €636,690 | €512,998 | €507,260 | €490,253 | €456,696 | €416,428 | ▼ 8.8% |
| Fixed assets21/28 | €494,661 | €655,778 | €626,690 | €484,493 | €437,726 | €456,825 | €453,824 | €412,150 | ▼ 9.2% |
| Intangible fixed assets21 | - | €79,904 | €71,026 | €62,148 | €53,270 | €44,391 | €35,513 | €26,635 | ▼ 25.0% |
| Tangible fixed assets22/27 | €279,601 | €575,874 | €555,664 | €422,345 | €384,457 | €412,433 | €418,311 | €385,515 | ▼ 7.8% |
| Land and buildings22 | - | - | - | €411,244 | €375,227 | €379,874 | €399,306 | €379,718 | ▼ 4.9% |
| Furniture and vehicles24 | - | - | - | €1,445 | €1,267 | €25,974 | €13,798 | €1,967 | ▼ 85.7% |
| Other tangible fixed assets26 | - | - | - | €9,656 | €7,963 | €6,585 | €5,208 | €3,830 | ▼ 26.5% |
| Financial fixed assets28 | €215,060 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €72,219 | €42,206 | €9,999 | €28,506 | €69,534 | €33,428 | €2,871 | €4,278 | ▲ 49.0% |
| Amounts receivable within one year40/41 | €5,575 | €5,457 | €2,000 | €2,000 | €3,788 | - | - | €2,088 | - |
| Trade receivables40 | - | - | - | €2,000 | - | - | - | €2,088 | - |
| Other amounts receivable41 | - | - | - | - | €3,788 | - | - | - | - |
| Cash at bank and in hand54/58 | €66,527 | €36,186 | €6,952 | €25,053 | €64,194 | €31,299 | €192 | €20 | ▼ 89.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,453 | €1,552 | €2,128 | €2,679 | €2,171 | ▼ 19.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €566,879 | €697,984 | €636,690 | €512,998 | €507,260 | €490,253 | €456,696 | €416,428 | ▼ 8.8% |
| Equity10/15 | €482,905 | €449,971 | €430,230 | €430,813 | €413,002 | €398,851 | €364,433 | €330,190 | ▼ 9.4% |
| Contributions10/11 | €18,592 | - | - | €40,860 | €40,860 | €40,860 | €40,860 | €40,860 | = |
| Reserves13 | €464,267 | €409,066 | €404,240 | €399,414 | €372,142 | €357,992 | €353,166 | €348,340 | ▼ 1.4% |
| Tax-exempt reserves132 | - | - | - | €153,131 | €148,305 | €143,479 | €138,653 | €133,828 | ▼ 3.5% |
| Distributable reserves133 | - | - | - | €246,283 | €223,837 | €214,512 | €214,512 | €214,512 | = |
| Profit (loss) carried forward14 | €46 | €46 | -€14,870 | -€9,461 | - | - | -€29,592 | -€59,010 | ▼ 99.4% |
| Provisions and deferred taxes16 | €63,606 | €61,579 | €59,552 | €57,525 | €55,498 | €53,471 | €51,443 | €49,416 | ▼ 3.9% |
| Deferred taxes168 | - | - | - | €57,525 | €55,498 | €53,471 | €51,443 | €49,416 | ▼ 3.9% |
| Amounts payable17/49 | €20,368 | €186,434 | €146,908 | €24,661 | €38,761 | €37,931 | €40,819 | €36,822 | ▼ 9.8% |
| Amounts payable after more than one year17 | €8,408 | €163,903 | €84,930 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €11,098 | €22,531 | €61,979 | €24,661 | €38,761 | €37,931 | €39,928 | €36,822 | ▼ 7.8% |
| Trade debts44 | €654 | €772 | €435 | €1,099 | €440 | €657 | €547 | €238 | ▼ 56.5% |
| Suppliers440/4 | - | - | - | €1,099 | €440 | €657 | €547 | €238 | ▼ 56.5% |
| Taxes, remuneration and social security45 | - | - | - | €399 | €321 | €420 | €1,115 | €1,283 | ▲ 15.1% |
| Taxes450/3 | - | - | - | €399 | €321 | €420 | €1,115 | €1,283 | ▲ 15.1% |
| Other amounts payable47/48 | - | - | - | €23,163 | €38,000 | €36,854 | €38,266 | €35,301 | ▼ 7.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €891 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €208,400 | -€32,934 | -€19,741 | €22,176 | €189 | -€14,151 | -€34,418 | -€34,243 | ▲ 0.5% |
| + Depreciation and write-downs630 | €85,670 | €36,638 | €35,325 | €24,602 | €54,200 | €36,036 | €41,345 | €41,675 | ▲ 0.8% |
| Operating cash flow (approximation) | €294,070 | €3,704 | €15,583 | €46,778 | €54,389 | €21,886 | €6,928 | €7,431 | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | -€197,756 | -€6,237 | €117,595 | -€7,433 | -€55,135 | -€38,345 | €0 | - |
| Change in cash | - | -€30,342 | -€29,234 | €18,101 | €39,141 | -€32,895 | -€31,108 | -€172 | ▲ 99.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-05-2026 | 2026-00119673 |
| 31-12-2024 | micro format | 20-05-2025 | 2025-00101480 |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00093569 |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00111038 |
| 31-12-2021 | micro format | 17-05-2022 | 2022-20029219 |
| 31-12-2020 | micro format | 18-05-2021 | 2021-14600091 |
| 31-12-2019 | micro format | 28-05-2020 | 2020-13800500 |
| 31-12-2018 | abbreviated format | 28-05-2019 | 2019-14900315 |
| 31-12-2017 | abbreviated format | 29-05-2018 | 2018-14600150 |
| 31-12-2016 | micro format | 30-05-2017 | 2017-13700428 |
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Of the 4,607 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,217. 2,701 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
20-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Weakest financial yearnet -€34,418
Net result drops to -€34,418, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
13-07
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
Gazette deed
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 14-06-2023
- Registered-office move, 8870 Izegem, Kachtemsplein 2
- Director in office, Kerkhof Jan (director)
06-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
17-05
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Back to profitnet €22,176
Net result €22,176 after 2 loss-making years.
31-12
Financial
Liquidity more than 7 timescurrent ratio 1.16
Current ratio from 0.16 to 1.16; short-term debt falls from €61,979 to €24,661.
18-05
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
28-05
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
28-05
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
29-05
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
30-05
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 39 annual accounts filed, the latest 10 are here; all 39 are under Financials.
1 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded02-06-1987
Financial year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431328811
Also
9925:BE0431328811
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1987
Ground area
260 m²
Building footprint
172 m²
Building volume
1,330 m³
Parcel 36009A0359/00W000, Flanders · tallest building 9.9 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EsMar
since 1987unit no. 2.029.475.372
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36009A0359/00W000 | Flanders | 260 m² | 1 · 172 m² | 9.9 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 13-07-2023
Read from the deeds: 1 provision, deed of 13-07-2023