ESNW
ActiveSummary
ESNW has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €20k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-2
Solvency60▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.77 in 2024; short-term debt: 50.4% and cash: 45.7% of total assets), but 64.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.4%
Return on assets
22.7%
Age of the figures
9 mo
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d early
2022
20 d early
2021
61 d early
2020
64 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€31k▼ 40.7%
2024 · €52k
Total assets
€87k▼ 9.0%
2024 · €96k
Net result
€20k▼ 14.9%
2024 · €23k
Working capital
€24k▼ 48.8%
2024 · €47k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-13k€26k€-5k€31k€32k▲ 2.0%
Net result€-13k€22k€-6k€23k€20k▼ 14.9%
Equity€7k▼ 64.5%€29k▲ 300%€29k▼ 2.4%€52k▲ 80.9%€31k▼ 40.7%
Total assets€30k▼ 37.8%€46k▲ 53.3%€36k▼ 22.7%€96k▲ 167%€87k▼ 9.0%
Debt€23k▼ 17.8%€17k▼ 26.2%€7k▼ 58.2%€44k▲ 519%€56k▲ 28.8%
Working capital€3k▼ 82.0%€26k▲ 935%€29k▲ 10.1%€47k▲ 62.6%€24k▼ 48.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€19k ▼ 14.6%
Current assets
€68k ▼ 7.3%
Equity and liabilities €87k
Equity
€31k ▼ 40.7%
Debt
€56k ▲ 28.8%
Debt's share of the balance-sheet total rises from 45.6% to 64.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €37k
Cash flow
€26k▼
2024 · €28k
Current ratio
1.55▼
2024 · 2.77
Debt to equity
1.82▲
2024 · 0.84
ROE
64.2%▲
2024 · 44.7%
ROA
22.7%▼
2024 · 24.3%
Interest coverage
22.67▼
2024 · 26.01
Debt ≤ 1 year
€44k▲
2024 · €26k
Debt > 1 year
€12k▼
2024 · €17k
Income taxes
€11k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €1k | €5k | €6k | ▲ 18.0% |
| Other operating charges640/8 | €1k | €912 | €2k | €3k | €2k | ▼ 37.6% |
| Non-recurring operating charges66A | - | - | €2k | - | - | - |
| Gross operating margin9900 | €-4k | €35k | €-357 | €40k | €40k | ▲ 1.1% |
| Operating profit (loss)9901 | €-13k | €26k | €-5k | €31k | €32k | ▲ 2.0% |
| Financial income75/76B | €112 | €250 | €58 | €726 | €134 | ▼ 81.5% |
| Recurring financial income75 | €112 | €250 | €58 | €726 | €134 | ▼ 81.5% |
| Financial charges65/66B | €675 | €813 | €712 | €1k | €2k | ▲ 19.6% |
| Recurring financial charges65 | €675 | €513 | €712 | €1k | €2k | ▲ 19.6% |
| Non-recurring financial charges66B | - | €300 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-13k | €25k | €-6k | €31k | €31k | ▼ 0.7% |
| Income taxes67/77 | €-12 | €3k | €-12 | €8k | €11k | ▲ 42.9% |
| Profit (loss) for the period9904 | €-13k | €22k | €-6k | €23k | €20k | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €22k | €-6k | €23k | €20k | ▼ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €46k | €36k | €96k | €87k | ▼ 9.0% |
| Fixed assets21/28 | €12k | €3k | - | €23k | €19k | ▼ 14.6% |
| Tangible fixed assets22/27 | €11k | €3k | - | €23k | €19k | ▼ 14.6% |
| Furniture and vehicles24 | €4k | €2k | - | €1k | €2k | ▲ 56.1% |
| Leasing and similar rights25 | €7k | €1k | - | €21k | €16k | ▼ 24.4% |
| Other tangible fixed assets26 | - | - | - | - | €1k | - |
| Financial fixed assets28 | €300 | - | - | - | - | - |
| Current assets29/58 | €19k | €43k | €36k | €73k | €68k | ▼ 7.3% |
| Amounts receivable after more than one year29 | - | - | €23k | €20k | €18k | ▼ 11.9% |
| Other amounts receivable291 | - | - | €23k | €20k | €18k | ▼ 11.9% |
| Amounts receivable within one year40/41 | €13k | €6k | €6k | €6k | €9k | ▲ 58.6% |
| Trade receivables40 | €12k | €3k | €3k | €3k | €2k | ▼ 41.6% |
| Other amounts receivable41 | €1k | €3k | €4k | €3k | €8k | ▲ 137% |
| Cash at bank and in hand54/58 | €5k | €36k | €6k | €46k | €40k | ▼ 13.8% |
| Deferred charges and accrued income490/1 | €491 | €477 | €1k | €859 | €776 | ▼ 9.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €46k | €36k | €96k | €87k | ▼ 9.0% |
| Equity10/15 | €7k | €29k | €29k | €52k | €31k | ▼ 40.7% |
| Contributions10/11 | €13k | €13k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-6k | €16k | €10k | €33k | €12k | ▼ 63.4% |
| Amounts payable17/49 | €23k | €17k | €7k | €44k | €56k | ▲ 28.8% |
| Amounts payable after more than one year17 | €7k | - | - | €17k | €12k | ▼ 28.4% |
| Financial debts170/4 | €7k | - | - | €17k | €12k | ▼ 28.4% |
| Amounts payable within one year42/48 | €16k | €17k | €7k | €26k | €44k | ▲ 66.3% |
| Current portion of amounts payable after more than one year42 | €6k | €7k | - | €5k | €5k | ▲ 5.2% |
| Financial debts43 | - | - | - | €9k | - | - |
| Credit institutions430/8 | - | - | - | €9k | - | - |
| Trade debts44 | €2k | €2k | €2k | €2k | €2k | ▼ 8.3% |
| Suppliers440/4 | €2k | €2k | €2k | €2k | €2k | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | €553 | - | €8k | €6k | ▼ 23.1% |
| Taxes450/3 | - | €553 | - | €8k | €6k | ▼ 23.1% |
| Other amounts payable47/48 | €8k | €7k | €5k | €3k | €31k | ▲ 851% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-13k | €22k | €-6k | €23k | €20k | ▼ 14.9% |
| + Depreciation and write-downs630 | €8k | €8k | €1k | €5k | €6k | ▲ 18.0% |
| Operating cash flow (approximation) | €-5k | €30k | €-4k | €28k | €26k | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | €300 | - | - | €-3k | - |
| Change in cash | - | €31k | €-30k | €40k | €-6k | ▼ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.16 to 2.55.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Nijlen · 1 establishment unit since 2018
Ground area
619 m²
Building footprint
154 m²
Volume, LiDAR
864 m³
Parcel 12026B0265/00M004, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESNW
since 20182.275.677.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026B0265/00M004 | Flanders | 619 m² | 1 · 154 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 186 EUR awarded · 186 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 87 EUR |
| 2024 | 1 | 186 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 204 companies in sector 33130 we hold annual accounts for 79. 63 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
Founded28-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
33130Repair, maintenance and installation of machinery and equipment
33140Repair and maintenance of electrical equipment
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
Contact
E-mail
guy@esnw.beNijlen
E-mail
nick@esnw.beNijlen
Scores and ratios are computed by Checked and are not a credit decision.