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ESMERO

Active
Private limited companyfounded 20215 yrs activeZennelaan 23, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0764.373.460
Summary

The computed 12-month bankruptcy probability of ESMERO is 4.3% (elevated). The 2025 annual accounts show negative equity (-€59,546) and a net result of €99. Equity is shrinking by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 18716 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability69▲+9
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.41 in 2024; short-term debt: 245.9% and cash: 16.4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-145.9%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18716 sector peers (2025).
NBB · sector comparison
Position among 18716 sector peers
Solvency
better than 8%
← weakest strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
3 d early
2024
2 d early
2023
6 d early
2022
on the day
2021
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 February 2021, ESMERO was incorporated as a Private limited company.1 Total assets went from EUR 15,179 in 2021 to EUR 40,825 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€59,546▼ 2.6%
2024 · -€58,041
Total assets
€40,825▼ 62.5%
2024 · €108,884
Net result
€99
2024 · -€7,449
Working capital
-€90,564▲ 7.6%
2024 · -€98,058
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€8,098--€21,824▼ 169%-€35,036▼ 60.5%-€8,598▲ 75.5%-€1,221▲ 85.8%
Net result-€8,191below the sector's middle half--€22,470below the sector's middle half▼ 174%-€34,744below the sector's middle half▼ 54.6%-€7,449below the sector's middle half▲ 78.6%€99within the sector's middle half
Equity€1,809below the sector's middle half--€20,660below the sector's middle half-€48,989below the sector's middle half▼ 137%-€58,041below the sector's middle half▼ 18.5%-€59,546below the sector's middle half▼ 2.6%
Total assets€15,179below the sector's middle half-€156,374below the sector's middle half▲ 930%€115,462within the sector's middle half▼ 26.2%€108,884within the sector's middle half▼ 5.7%€40,825below the sector's middle half▼ 62.5%
Debt€13,369-€177,035▲ 1,224%€164,451▼ 7.1%€166,925▲ 1.5%€100,371▼ 39.9%
Working capital€11,809below the sector's middle half--€101,242below the sector's middle half-€135,842below the sector's middle half▼ 34.2%-€98,058below the sector's middle half▲ 27.8%-€90,564below the sector's middle half▲ 7.6%
Solvency11.9%below the sector's middle half--13.2%below the sector's middle half▼ 25.1pp-42.4%below the sector's middle half▼ 29.2pp-53.3%below the sector's middle half▼ 10.9pp-145.9%below the sector's middle half▼ 92.5pp
Current ratio4.50above the sector's middle half-0.39below the sector's middle half▼ 4.110.15below the sector's middle half▼ 0.240.41below the sector's middle half▲ 0.260.10below the sector's middle half▼ 0.31
Return on assets (ROA)-54.0%below the sector's middle half--14.4%below the sector's middle half▲ 39.6pp-30.1%below the sector's middle half▼ 15.7pp-6.8%below the sector's middle half▲ 23.3pp0.2%within the sector's middle half▲ 7.1pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2021: -€8,098-€8,098Net result 2021: -€8,191-€8,191Operating result 2022: -€21,824-€21,824Net result 2022: -€22,470-€22,470Operating result 2023: -€35,036-€35,036Net result 2023: -€34,744-€34,744Operating result 2024: -€8,598-€8,598Net result 2024: -€7,449-€7,449Operating result 2025: -€1,221-€1,221Net result 2025: €99€9920212022202320242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2023: -€35,036-€35,000Net result 2023: -€34,744-€34,700Operating result 2024: -€8,598-€8,600Net result 2024: -€7,449-€7,450Operating result 2025: -€1,221-€1,220Net result 2025: €99€99202320242025
The operating result stays negative: a loss of €1,221 in 2025 against €8,598 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,825
Fixed assets €31,018 ▼ 22.5%
Current assets €9,808 ▼ 85.8%
Key figures and ratios
2025 value · change against 2024
EBITDA
€10,682▲
2024 · €4,441
Cash flow
€12,001▲
2024 · €5,591
Debt to equity
-1.69▲
2024 · -2.88
Interest coverage
41.61▲
2024 · 6.84
Debt ≤ 1 year
€100,371▼
2024 · €166,925
Income taxes
€28▲
2024 · -€194
Staff costs
€999▼
2024 · €1,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 906 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
6.1% went bankrupt
4.1% stopped otherwise
89% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 906 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€108,884€40,825▼
Fixed assets21/28€40,016€31,018▼
Tangible fixed assets22/27€40,016€30,038▼
Plant, machinery and equipment23€25,267€17,050▼
Furniture and vehicles24€2,462€368▼
Other tangible fixed assets26€12,288€12,620▲
Financial fixed assets28-€980
Current assets29/58€68,867€9,808▼
Amounts receivable within one year40/41€37,430€1,648▼
Trade receivables40€37,430€1,144▼
Other amounts receivable41-€504
Cash at bank and in hand54/58€31,438€6,688▼
Deferred charges and accrued income490/1-€1,471
Equity and liabilities
Total equity and liabilities10/49€108,884€40,825▼
Equity10/15-€58,041-€59,546▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€72,853-€72,754▲
Investment grants15€4,811€3,208▼
Amounts payable17/49€166,925€100,371▼
Amounts payable within one year42/48€166,925€100,371▼
Trade debts44€13,424€11,086▼
Suppliers440/4€13,424€11,086▼
Taxes, remuneration and social security45€4,511€328▼
Taxes450/3€3,680€328▼
Remuneration and social security454/9€831-
Other amounts payable47/48€148,991€88,958▼
Income statement Code20242025
Remuneration, social security and pensions62€1,577€999▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,039€11,902▼
Other operating charges640/8€1,242€585▼
Non-recurring operating charges66A€63-
Gross operating margin9900€7,323€12,266▲
Operating profit (loss)9901-€8,598-€1,221▲
Financial income75/76B€1,604€1,604=
Recurring financial income75€1,604€1,604=
Financial charges65/66B€649€257▼
Recurring financial charges65€649€257▼
Profit (loss) for the period before taxes9903-€7,643€127▲
Income taxes67/77-€194€28▲
Profit (loss) for the period9904-€7,449€99▲
Profit (loss) for the period to be appropriated9905-€7,449€99▲
Appropriation of the result
Profit (loss) to be appropriated9906-€72,853-€72,754▲
Profit (loss) brought forward from the previous period14P-€65,404-€72,853▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62---€1,577€999▼ 36.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€9,529€24,273€13,039€11,902▼ 8.7%
Other operating charges640/8€346€1,894€823€1,242€585▼ 52.9%
Non-recurring operating charges66A---€63--
Gross operating margin9900-€7,752-€10,400-€9,940€7,323€12,266▲ 67.5%
Operating profit (loss)9901-€8,098-€21,824-€35,036-€8,598-€1,221▲ 85.8%
Financial income75/76B-€0€1,604€1,604€1,604=
Recurring financial income75-€0€1,604€1,604€1,604=
Financial charges65/66B€93€196€654€649€257▼ 60.5%
Recurring financial charges65€93€151€654€649€257▼ 60.5%
Non-recurring financial charges66B-€45----
Profit (loss) for the period before taxes9903-€8,191-€22,020-€34,086-€7,643€127▲ 102%
Income taxes67/77-€450€658-€194€28▲ 114%
Profit (loss) for the period9904-€8,191-€22,470-€34,744-€7,449€99▲ 101%
Profit (loss) for the period to be appropriated9905-€8,191-€22,470-€34,744-€7,449€99▲ 101%
Line20212022202320242025Change
Assets
Total assets20/58€15,179€156,374€115,462€108,884€40,825▼ 62.5%
Fixed assets21/28-€90,581€90,853€40,016€31,018▼ 22.5%
Tangible fixed assets22/27-€90,581€90,853€40,016€30,038▼ 24.9%
Plant, machinery and equipment23-€24,963€30,911€25,267€17,050▼ 32.5%
Furniture and vehicles24-€60,322€46,128€2,462€368▼ 85.0%
Other tangible fixed assets26-€5,296€13,814€12,288€12,620▲ 2.7%
Financial fixed assets28----€980-
Current assets29/58€15,179€65,793€24,609€68,867€9,808▼ 85.8%
Amounts receivable within one year40/41€3,093€8,914€15,627€37,430€1,648▼ 95.6%
Trade receivables40€2,406-€1,474€37,430€1,144▼ 96.9%
Other amounts receivable41€686€8,914€14,153-€504-
Cash at bank and in hand54/58€12,086€55,379€6,404€31,438€6,688▼ 78.7%
Deferred charges and accrued income490/1-€1,500€2,578-€1,471-
Equity and liabilities
Total equity and liabilities10/49€15,179€156,374€115,462€108,884€40,825▼ 62.5%
Equity10/15€1,809-€20,660-€48,989-€58,041-€59,546▼ 2.6%
Contributions10/11€10,000€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€8,191-€30,660-€65,404-€72,853-€72,754▲ 0.1%
Investment grants15--€6,415€4,811€3,208▼ 33.3%
Amounts payable17/49€13,369€177,035€164,451€166,925€100,371▼ 39.9%
Amounts payable after more than one year17€10,000€10,000----
Financial debts170/4€10,000€10,000----
Amounts payable within one year42/48€3,369€167,035€160,451€166,925€100,371▼ 39.9%
Current portion of amounts payable after more than one year42-€9,562----
Trade debts44€659€11,480€13,978€13,424€11,086▼ 17.4%
Suppliers440/4€659€11,480€13,978€13,424€11,086▼ 17.4%
Taxes, remuneration and social security45-€450€1,108€4,511€328▼ 92.7%
Taxes450/3-€450€1,108€3,680€328▼ 91.1%
Remuneration and social security454/9---€831--
Other amounts payable47/48€2,710€145,542€145,365€148,991€88,958▼ 40.3%
Accrued charges and deferred income492/3--€4,000---
Line20212022202320242025Change
Profit (loss) for the period9904-€8,191-€22,470-€34,744-€7,449€99▲ 101%
+ Depreciation and write-downs630-€9,529€24,273€13,039€11,902▼ 8.7%
Operating cash flow (approximation)-€8,191-€12,941-€10,470€5,591€12,001▲ 115%
Investment in fixed assets (approximation)---€24,545€37,797-€2,903▼ 108%
Change in cash-€43,293-€48,975€25,034-€24,750▼ 199%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €99
Net result €99 after 4 loss-making years.
29-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€34,744
Net result drops to -€34,744, the lowest in the series; recovery starts the following year.
31-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Vilvoorde · 3 establishment units since 2021
seat establishment All 3 establishment units on the map
Ground area
2,401 m²
Building footprint
827 m²
Volume, LiDAR
8,141 m³
3 parcels, Brussels, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
3 establishment units
ESMERO
Zennelaan 23, 1800 VilvoordeManufacture of food products
since 20212.314.069.018
Esmero
Edmond Mesenslaan 55, 1040 EtterbeekRetail trade
since 20212.320.288.597
Esmero
Georges Henrilaan 307, 1200 Sint-Lambrechts-WoluweManufacture of food products
since 20222.330.468.352
3 parcels
Flanders 1 (33.3%) Brussels 2 (66.7%)
Parcel (capakey) Region Area Buildings Height / fl.
23642D0272/00P004 Flanders 1,910 m² 1 · 610 m² 11.6 m · 3 fl.
21363B0318/00R015 Brussels 324 m² 1 · 105 m² 15.0 m · 4 fl.
21673D0147/00F011 Brussels 167 m² 1 · 112 m² 15.6 m · 4 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Subsidies and aid

Flemish government

2022 · 1 entry · 118 EUR awarded · 118 EUR paid
Year Entries awardedpaid
2022 1 118 EUR118 EUR
Schemes
1 entry · 118 EUR · 118 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Sint-Lambrechts-Woluwe2.330.468.352
1 permission
Toelating · Detailhandel met verwerking · since 08-01-2026

Similar companies · same sector, comparable size

Of 898 companies in sector 47242 we hold annual accounts for 340. 55 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded25-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47242Retail sale of chocolate and confectionery
10392Manufacture of food products
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
47120Other non-specialised retail sale
E-invoicing
Not found in the Peppol register

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.