Equity
€240,859 ▼ 52.1%
ESP-Projects paid out €265,000 in dividends. That is 8,444% of the 2025 profit.
ESP-Projects
Lifetime
17 annual accounts with figures on one time axispeak €1.3m (2018)
€1.1m▼ 9.2%
peak €207,687 (2009)
€3,138▼ 92.2%
peak €502,720 (2024)
€240,859▼ 52.1%
€970,495▲ 11.7%
peak 17.6 FTE (2017)
14.8 FTE▼ 6.9%
Board5 names since 2015
1 director
Owners4 names in the annual accounts
98%
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Result from €40,367 to €3,138Dividend €265,000Equity from €502,720 to €240,859
Key points
from the 2025 annual accountsTurnover
≈ €3.0m estimated
The abbreviated format states no turnover.
Debts
€970,495 80% of the balance sheet
Financial debts 47%Suppliers 27%Taxes and wages 10%Other 16%
€280,700 of the debts are secured on the company's own assets. In 2024 that was €71,032.
Staff
13 employees on 31-12-2025
In 2025, 7 people joined and 10 left.
Filings
17 annual accounts since 2008
Four of the last ten came late. The 2018 accounts came latest: 68 days after the end of the period.
Position in the sector
€1.1m
Higher gross margin than 83% of companies in specialised construction. Sector median €356,238 · 9,265 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as ESP-Projects has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for ESP-Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, , since 22-12-2022
- 98%score equity €567,718 (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0892076930
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Middelkerke
New director
appointed, resigned · Permanent representative: · Director discharge: · General meeting of 22-12-2022 · Gazette deed
Registered office moved from Nieuwpoort to Lombardsijde
New registered office: Nieuwpoortlaan 75, 8434 Lombardsijde · Previous registered office: Lombardsijdestraat 15, 8620 Nieuwpoort · General meeting of 12-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ESP-Projects Middelkerke | €1.2m | €1.1m | 19.9% | 14.8 |
| ECO METAL Alken | €1.2m | €1.1m | 44.5% | 12.4 |
| Suninvest Tessenderlo-Ham | €1.2m | €1.0m | 21.9% | 13 |
| INTERALB Eeklo | €0.7m | €1.3m | 58.6% | 17.2 |
| ALV Bruges | €2.1m | €1.5m | 17.7% | 11.9 |
| LERMYTTE CONSTRUCT Poperinge | €1.2m | €0.8m | 57.4% | 9.9 |
| HAPACO - DAPA CONSTRUCT Ostend | €2.5m | €1.6m | 38.8% | 13.3 |
These companies have the same main activity as ESP-Projects: other construction installation (NACE 43240). They are comparable in size and age: total assets between €745,000 and €2.5m, founded between 1997 and 2012.
Official details
Source: KBO- Status
- Active since 17-09-2007Normal situation
- Activity
- Other construction installationNACE 43240and 7 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.166.007.9218434 Middelkerke, since 08-10-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 11-03-2025
Annual accounts 2025
- €1.2m▼ 11.7%
- Employeeson 31-12-2025
- 13▼ 18.8%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on ESP-Projects
ESP-Projects files the abbreviated format. That format states no turnover. The gross margin rose from €193,978 in 2008 to €1.1m in 2025.
holds 98% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ESP-Projects
- What is the company number of ESP-Projects?
- The company number of ESP-Projects is 0892.076.930. The VAT number is the same number with BE in front: BE 0892.076.930.
- Where is ESP-Projects based?
- The registered office is at Nieuwpoortlaan 75, 8434 Middelkerke.Company details
- What does ESP-Projects do?
- According to the KBO register, the main activity is other construction installation (NACE 43240).
- What is the legal form of ESP-Projects?
- ESP-Projects is a private limited company (BV).
- When was ESP-Projects founded?
- ESP-Projects was founded on 17-09-2007.
- Is ESP-Projects still active?
- Yes, ESP-Projects is an active enterprise in the KBO register.
- How many employees does ESP-Projects have?
- ESP-Projects had an average of 14.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ESP-Projects fall under?
- In its 2025 annual accounts, ESP-Projects states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ESP-Projects?
- The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €1.1m and 30 comparable companies (NACE 432). It probably lies between €2.5m and €3.7m.
- Is ESP-Projects profitable?
- In financial year 2025, ESP-Projects made a profit of €3,138.
- Where can I find the annual accounts of ESP-Projects?
- ESP-Projects filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ESP-Projects due?
- ESP-Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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