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ESMEE MASTER ISSUER

Active
Public limited companyfounded 2009active for 17 yearsMarnixlaan 23, 1000 Brussel, BelgiumKBO/BCE: BE 0820.094.121
Summary

ESMEE MASTER ISSUER has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,000 and a net result of €0. Equity has been stable since 2018 (±0% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 27-10-2009 Normal situation
Registered office
235 active companies are registered at this address 14 started in the 12 months before. Source: KBO register, as of 2 November 2026.
Activity
No activity registered in the KBO
Establishment unit
2.182.314.017 1000 Brussel, since 27-10-2009
Financial year end
31 December
Peppol
Reachable since 29-12-2025

Board and ownership

Auditor
DELOITTE Bedrijfsrevisoren BV
Shareholders

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Profit
€0
Equity
€62,000
=
Total assets
€10.53bn
▼ 0.2%
Filed on 09-06-2026, 52 days before the deadline
Score breakdownraises riskEquity €62,000 (0.0% of total assets)Liquidity: current ratio 402.40, cash €235.7m, halvedlowers riskSize: total assets €10.53bnFigures for financial year 2025 (filed on 09-06-2026)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 41% of large companies without a NACE code
Financial strength · tick: 2024
Weak
Solvency 25=
equity 0.0% of total assets
Liquidity 53-3
short-term debt 0.2% · cash 2.2%
Profitability 38=
return on assets 0.0%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025highest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms is acceptable
Short-term debt is 0.2% and cash 2.2% of total assets. 100% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, large). It does better than 4% of them on solvency, 81% on liquidity, 45% on profitability and 35% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €10.53bn
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €62,000 (0.0% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 09-06-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 402.40, cash €235.7m, halved
NBB · annual accounts
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 days early
2024
38 days early
2023
37 days early
2022
47 days early
2021
53 days early
2020
51 days early
2019
51 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 47 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 14 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)Appointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
  2. · Gazette deed Amendment of the articles
  3. · Gazette deed Incorporation
All 13 events

Key facts about ESMEE MASTER ISSUER

What is the company number of ESMEE MASTER ISSUER?
The company number of ESMEE MASTER ISSUER is 0820.094.121. The VAT number is the same number with BE in front: BE 0820.094.121.
Where is ESMEE MASTER ISSUER based?
The registered office is at Marnixlaan 23, 1000 Brussel.Company details
What is the legal form of ESMEE MASTER ISSUER?
The legal form of ESMEE MASTER ISSUER is Public limited company (NV).
When was ESMEE MASTER ISSUER founded?
ESMEE MASTER ISSUER was founded on 27-10-2009.
Is ESMEE MASTER ISSUER still active?
Yes, ESMEE MASTER ISSUER is an active enterprise in the KBO register.
What is the turnover of ESMEE MASTER ISSUER?
The annual accounts for financial year 2025 state no turnover.Financials
Is ESMEE MASTER ISSUER profitable?
In financial year 2025, ESMEE MASTER ISSUER made a profit of €0.
Where can I find the annual accounts of ESMEE MASTER ISSUER?
ESMEE MASTER ISSUER filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ESMEE MASTER ISSUER due?
ESMEE MASTER ISSUER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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