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ESN HOLDING

Active
Public limited companyfounded 199036 yrs activeKunstlaan 47, 1000 Brussel, BelgiumKBO/BCE: BE 0440.188.176
Summary

ESN HOLDING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €552,961 and a net result of €960,493. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 835 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
ESN HOLDINGActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Public relations and communication consultancy
NACE 73300NACE 70210NACE 74401
1 site
Size
€2.1mtotal assets 2025
Equity
€552,961
Profit
€960,493
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
MCI Group Holding SA · 100%
Board
1 member
Holdings
2
Accounts 21 d early1 of 16 deeds read
Why 90- 1 change of registered office in 24 months- Liquidity: current ratio 0.67, cash €7,684+ Size: total assets €2.1m+ Figures for FY 2025 (filed 10-07-2026)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 46% of its sector peers (NACE 73, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Average
Solvency 52-27
equity 26.8% of total assets
Liquidity 11-18
short-term debt 73.2% · cash 0.4%
Profitability 100+65
return on assets 46.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (715 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▲ +21.1% vs 11-2024 01-2025: 0.1%▼ -25.6% vs 12-2024lowest value 02-2025: 0.1%● 0.0% vs 01-2025lowest value 03-2025: 0.2%▲ +242% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%▲ +2.7% vs 07-2025 09-2025: 0.2%▲ +3.6% vs 08-2025 10-2025: 0.3%▲ +7.3% vs 09-2025 11-2025: 0.3%▲ +10.8% vs 10-2025 12-2025: 0.3%▲ +15.5% vs 11-2025highest value 01-2026: 0.2%▼ -24.4% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%● 0.0% vs 03-2026 05-2026: 0.2%● 0.0% vs 04-2026 06-2026: 0.2%● 0.0% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%▼ -33.5% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • 1 change of registered office in 24 months raises the probability
  • Size: total assets €2.1m lowers the probability for this profile
  • Liquidity: current ratio 0.67, cash €7,684 raises the probability
  • Figures for FY 2025 (filed 10-07-2026) lowers the probability
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.67; short-term debt: 73.2% and cash: 0.4% of total assets), and 73.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, small). Better than this share of them on solvency 32%, liquidity 8%, profitability 98%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Size: total assets €2.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.67, cash €7,684
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 10-07-2026)
In the bankruptcy model this factor lowers the probability.
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 d early
2025
60 d early
2024
57 d early
2023
35 d early
2022
69 d early
2021
21 d early
2020
45 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 44 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Guy VAERMAN (director)Appointment: Isabelle DENIAUD (director) ·…
  3. Back to profitnet €960,493

Key points

  • Positive: Among the best 10% on net resultsector median €32,677 · 836 companies €960,493 View
  • Caution: Board changedlatest change 07-11-2025 · 1 in office 1 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by MCI Group Holding SAknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2025
Total assets
€2.1m
Profit
€960,493
Solvency
26.8%
Total assets▲ 88.5%
Net result
20192025
Go to Financials

Timeline

Events
15
Since
2017
  1. 10-07-2026Annual accounts filed
  2. 13-03-2026Resignation: Guy VAERMAN (director)
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Public relations and communication consultancyNACE 73300
Founded
21-03-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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