ESP-Projects

Active Private limited companyfounded 2007active for 19 yearsNieuwpoortlaan 75, 8434 MiddelkerkeKBO/BCE: BE 0892.076.930 subsidiary of #4 employer in Middelkerke, Construction sector

ESP-Projects

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 14-07-2026, 17 days before the deadline

€1.1m

▼ 9.2%

€31,833

▼ 60.8%

€3,138

▼ 92.2%

€348,981

▼ 20.3%

19.9%

▼ 16.8 percentage points

1.47

▼ 0.07

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €3.0m. Estimated: probably between €2.5m and €3.7m.

In the rankings #4 employer in Middelkerke, Construction sector

Balance sheet

balance sheet total €1.2m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

19.9%

Higher than 20% of 9,273 companies in 2025.

1.47

Higher than 40% of 9,196 companies in 2025.

0.3%

Higher than 22% of 9,241 companies in 2025.

ESP-Projects Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter

Staff

€69,263

Staff costs divided by the average number of full-time equivalents.

-3 people

people who joined people who left

In 2025, 7 people joined and 10 left. Training hours in 2025: 18.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	201818 months	2017	2016	2015	201418 months	2012	2011	2010	2009	200818 months
Balance sheet: assets
`20/58`	1.2m	1.4m	1.4m	1.4m	1.1m	1.1m	1.5m	1.7m	2.5m	1.6m	935,115	950,980	573,500	735,958	1.3m	703,479	886,806
`21/28`	114,754	123,814	119,597	112,128	40,359	59,980	91,759	126,727	225,072	294,138	179,905	130,499	61,967	104,590	111,793	72,068	47,525
`21`	206	896	1,894	2,892	3,890	1,562	660	-	-	-	-	-	-	-	-	1,016	2,392
`22/27`	114,548	122,918	117,703	109,236	31,618	53,567	86,297	121,906	220,590	290,296	176,063	126,675	58,170	100,840	111,793	71,052	45,133
`22`	81,606	84,249	86,643	85,074	657	1,314	1,972	5,480	10,743	14,251	17,760	21,268	19,958	22,810	25,661	-	-
`23`	28,211	29,644	22,093	9,843	9,450	14,400	26,392	28,519	72,010	111,710	78,293	50,851	4,455	10,623	14,917	3,319	5,532
`24`	4,731	9,024	8,966	14,319	21,511	37,852	57,933	87,907	137,838	164,335	80,010	54,556	33,756	67,407	71,215	67,733	39,600
`28`	-	-	-	0	4,851	4,851	4,801	4,821	4,482	3,842	3,842	3,824	3,797	3,750	-	-	-
`29/58`	1.1m	1.2m	1.2m	1.3m	1.0m	1.0m	1.4m	1.5m	2.3m	1.3m	755,210	820,481	511,533	631,368	1.2m	631,411	839,281
`3`	528,488	396,146	456,223	435,909	357,520	358,305	460,509	530,370	571,107	321,107	307,386	257,199	114,530	185,069	405,525	80,062	-
`30/36`	297,797	253,603	256,206	231,989	253,802	321,683	413,595	351,994	571,107	321,107	307,386	257,199	114,530	185,069	405,525	80,062	-
`37`	230,690	142,543	200,017	203,920	103,719	36,622	46,914	178,376	-	-	-	-	-	-	-	-	-
`40/41`	421,822	729,256	546,869	549,785	503,176	263,571	553,118	718,749	1.5m	783,484	359,360	381,375	241,076	215,605	428,266	420,510	803,654
`40`	286,577	368,525	302,854	422,193	486,672	84,991	400,106	519,576	1.3m	724,923	295,703	361,823	184,428	142,346	382,430	409,896	520,954
`41`	135,245	360,731	244,015	127,592	16,504	178,581	153,012	199,174	212,747	58,561	63,657	19,552	56,648	73,259	45,836	10,614	282,700
`54/58`	137,687	112,822	221,729	310,739	148,394	397,859	387,211	277,548	226,761	231,836	80,978	173,380	151,738	185,557	176,974	127,489	35,604
`490/1`	8,604	9,168	16,615	16,048	22,633	16,557	22,125	2,248	8,883	9,084	7,486	8,528	4,188	45,137	150,860	3,350	23
Balance sheet: equity and liabilities
`10/49`	1.2m	1.4m	1.4m	1.4m	1.1m	1.1m	1.5m	1.7m	2.5m	1.6m	935,115	950,980	573,500	735,958	1.3m	703,479	886,806
`10/15`	240,859	502,720	462,354	406,969	286,344	498,240	491,851	476,671	474,724	457,182	437,848	418,560	396,995	393,460	314,805	288,158	86,470
`10/11`	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
`100`	-	-	-	-	-	-	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
`13`	215,859	477,720	437,354	381,969	261,344	473,240	466,851	13,974	2,692	2,692	2,692	2,692	2,631	2,571	2,500	2,500	2,500
`130/1`	-	-	-	0	2,500	2,500	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500
`1311`	-	-	-	0	2,500	2,500	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	0	1,075	3,705	8,141	9,807	11,474	192	192	192	192	131	71	-	-	-
`133`	215,859	477,720	437,354	380,894	255,139	462,599	454,544	-	-	-	-	-	-	-	-	-	-
`14`	0	-	-	0	0	-	-	437,697	447,032	429,490	410,156	390,868	369,364	365,889	287,305	260,658	58,970
`16`	-	-	0	428	1,475	3,339	4,039	4,739	-	183,649	183,649	119,403	119,403	81,615	44,067	18,587	-
`160/5`	-	-	-	-	-	-	-	-	-	183,649	183,649	119,403	119,403	81,615	44,067	18,587	-
`168`	-	-	0	428	1,475	3,339	4,039	4,739	-	-	-	-	-	-	-	-	-
`17/49`	970,495	868,485	898,680	1.0m	784,264	594,694	1.0m	1.2m	2.0m	998,818	313,618	413,017	57,103	260,883	914,546	396,734	800,336
`17`	222,876	58,887	71,032	82,854	-	-	-	-	33,279	47,102	-	-	-	-	-	-	-
`170/4`	222,876	58,887	71,032	82,854	-	-	-	-	33,279	47,102	-	-	-	-	-	-	-
`42/48`	747,620	809,422	827,648	934,358	784,264	594,694	1.0m	1.2m	2.0m	951,716	313,618	413,017	37,502	125,846	819,550	386,170	789,015
`42`	57,825	12,145	11,822	11,508	-	-	-	17,440	31,466	23,739	-	-	-	-	-	-	-
`43`	230,586	150,253	150,000	150,000	150,000	300,000	300,000	150,000	150,000	100,000	-	-	-	-	-	-	-
`430/8`	230,586	150,253	150,000	150,000	150,000	300,000	300,000	150,000	150,000	100,000	-	-	-	-	-	-	-
`44`	264,307	395,885	439,878	411,741	346,918	184,663	550,041	665,333	1.2m	695,806	270,618	212,113	22,458	101,317	167,065	147,189	74,286
`440/4`	264,307	395,885	439,878	411,741	346,918	184,663	550,041	665,333	1.2m	695,806	270,618	212,113	22,458	101,317	167,065	147,189	74,286
`46`	91,595	178,212	159,640	279,409	237,024	15,640	50,455	-	-	-	-	185,200	-	-	-	-	268,069
`45`	96,593	70,854	63,047	79,447	48,696	61,369	85,452	201,186	33,681	31,089	42,931	15,636	15,044	20,586	133,869	143,130	34,721
`450/3`	12,471	6,079	2,494	736	21,283	4,356	10,636	128,128	9,444	9,900	10,493	4,876	7,651	8,741	115,729	134,687	28,267
`454/9`	84,122	64,775	60,553	78,711	27,414	57,013	74,815	73,058	24,237	21,189	32,438	10,761	7,393	11,845	18,140	8,443	6,454
`47/48`	6,715	2,072	3,261	2,253	1,625	33,022	32,883	140,274	551,684	101,082	69	69	-	3,944	518,616	95,852	411,940
`492/3`	0	176	-	-	-	-	-	-	1,436	-	-	-	19,601	135,037	94,996	10,564	11,320
Income statement
`76A`	1,240	0	450	-	-	-	-	34,324	-	-	-	5,372	7,808	16,041	8,235	1,966	428
`9900`	1.1m	1.2m	1.1m	1.2m	962,237	868,463	897,659	1.3m	771,839	738,150	474,140	390,727	272,638	398,250	283,803	476,403	193,978
`62`	1.0m	1.1m	1.0m	1.0m	852,321	790,299	799,621	1.2m	817,927	600,904	312,160	237,976	203,337	199,543	174,469	120,575	72,799
`630`	18,491	15,796	21,168	23,298	28,315	44,369	59,188	113,255	95,457	100,637	66,886	124,355	25,113	41,550	43,783	27,576	20,922
`635/8`	-	-	-	-	-	-	-	-	-183,649	-	64,246	-	37,788	37,548	25,480	18,587	-
`640/8`	8,071	4,798	5,534	3,322	4,488	3,257	3,360	8,732	8,144	5,341	4,152	3,844	3,248	213	989	359	315
`66A`	-	0	0	-	-	0	297	2,620	-	-	-	-	13,368	-	-	-	-
`9901`	31,833	81,245	89,018	185,694	77,113	30,539	35,193	18,291	33,959	31,268	26,697	24,552	3,152	119,397	39,083	309,305	99,941
`75/76B`	501	666	86	2,299	3,189	3,889	2,963	4,637	9,612	6,135	3,779	5,955	6,006	5,233	5,637	6,993	20,999
`75`	501	666	86	2,299	3,189	3,889	2,963	4,637	9,612	6,135	3,779	5,955	6,006	5,233	5,637	6,993	20,999
`65/66B`	23,461	24,312	15,010	33,075	14,849	24,454	21,661	16,242	16,585	8,169	6,378	11,601	79	25,093	11,932	4,726	7,633
`65`	23,461	24,312	15,010	33,075	14,849	24,454	21,661	16,242	16,585	8,169	6,378	11,601	79	25,093	11,932	4,726	7,633
`9903`	8,872	57,599	74,093	154,917	65,453	9,974	16,494	6,685	26,986	29,234	24,097	24,278	3,520	115,578	41,023	313,538	113,735
`780`	-	0	428	1,047	1,863	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	5,734	17,232	19,136	35,340	21,212	4,285	2,014	-	9,444	9,900	4,809	2,713	-14	33,424	8,375	105,851	27,265
`9904`	3,138	40,367	55,385	120,625	46,104	6,389	15,180	1,947	17,542	19,334	19,288	21,565	3,534	82,155	32,648	207,687	86,470
`789`	-	0	1,075	2,630	4,436	1,667	1,667	1,667	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	12,948	-	-	-	62	60	71	-	-	-
`9905`	3,138	40,367	56,460	123,255	50,540	8,056	16,847	-9,335	17,542	19,334	19,288	21,504	3,474	82,084	32,648	207,687	86,470
Appropriation of the result
`9906`	3,138	40,367	56,460	123,255	50,540	8,056	454,544	437,697	447,032	429,490	410,156	390,868	369,364	369,389	293,305	266,658	86,470
`791/2`	265,000	-	-	0	258,000	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	3,138	40,367	56,460	123,255	50,540	8,056	454,544	-	-	-	-	-	-	-	-	-	2,500
`691`	-	-	0	123,255	-	-	-	-	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500
`6921`	3,138	40,367	56,460	-	50,540	8,056	454,544	-	-	-	-	-	-	-	-	-	-
`694/7`	265,000	-	-	0	258,000	-	-	-	-	-	-	-	-	3,500	6,000	6,000	25,000
`694`	265,000	-	-	0	258,000	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	3,500	6,000	6,000	25,000
Social balance sheet
`9087`	14.8	15.9	15.2	16.8	15.1	14.2	16.5	15.6	17.6	12.3	6.8	3.3	3.8	4.2	4.2	2	1
Hours worked`1013`	24,289	26,405	26,110	28,950	24,235	23,905	25,411	36,280	29,398	20,649	11,908	8,343	6,309	7,049	6,844	3,753	2,663
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	14-07-2026	2026-00297274	PDF
31-12-2024	abbreviated format	30-07-2025	2025-00346891	PDF
31-12-2023	abbreviated format	06-09-2024	2024-00457301	PDF
31-12-2022	abbreviated format	29-06-2023	2023-00195774	PDF
31-12-2021	abbreviated format	17-05-2022	2022-20030232	PDF
31-12-2020	abbreviated format	02-07-2021	2021-31700203	PDF
31-12-2019	abbreviated format	01-09-2020	2020-48300219	PDF
31-12-2018	abbreviated format	07-10-2019	2019-68500502	PDF
30-06-2017	abbreviated format	31-01-2018	2018-03100467	PDF
30-06-2016	abbreviated format	16-03-2017	2017-06300292	PDF
30-06-2015	abbreviated format	29-10-2015	2015-65900268	PDF
30-06-2014	abbreviated format	09-12-2014	2014-68800022	PDF
31-12-2012	abbreviated format	17-07-2013	2013-32600264	PDF
31-12-2011	abbreviated format	26-06-2012	2012-20600196	PDF
31-12-2010	abbreviated format	08-08-2011	2011-37800286	PDF
31-12-2009	abbreviated format	13-07-2010	2010-28700399	PDF
31-12-2008	abbreviated format	30-08-2009	2009-65400172	PDF

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €1,142 awarded, €1,701 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€1,142

Year	Entries	Awarded	Paid
2025	1	€224	€224
2023	1	€133	€692
2022	1	€785	€785

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	201818 months	2017	2016	2015	201418 months	2012	2011	2010	2009	200818 months
50,323	97,041	110,186	208,992	105,428	74,908	94,381	131,546	129,417	131,905	93,582	148,908	28,265	160,947	82,866	336,882	120,864
21,629	56,163	76,553	143,923	74,419	50,758	74,368	115,202	113,000	119,971	86,174	145,921	28,647	123,705	76,431	235,264	107,393
9,430	20,013	28,637	99,917	8,694	12,590	24,240	59,310	26,392	214,870	116,291	192,887	11,618	43,748	83,508	52,120	68,447
24,866	-108,908	-89,009	162,345	-249,465	10,648	109,662	50,787	-5,075	150,858	-92,402	21,642	-33,819	8,583	49,486	91,885	-
348,981	437,970	413,789	378,123	247,460	441,599	404,131	354,683	284,366	393,795	441,592	407,464	474,031	505,522	342,076	245,241	50,266
19.9%	36.7%	34.0%	28.6%	26.7%	45.4%	32.5%	28.8%	19.0%	27.9%	46.8%	44.0%	69.2%	53.5%	24.7%	41.0%	9.8%
1.47	1.54	1.50	1.40	1.32	1.74	1.40	1.30	1.14	1.41	2.41	1.99	13.64	5.02	1.42	1.64	1.06
0.76	1.05	0.95	0.94	0.86	1.14	0.94	0.85	0.86	1.08	1.43	1.36	10.59	3.55	0.92	1.43	1.06
4.03	1.73	1.94	2.50	2.74	1.19	2.07	2.46	4.26	2.18	0.72	0.99	0.14	0.66	2.91	1.38	9.26
1.3%	8.0%	12.0%	29.6%	16.1%	1.3%	3.1%	0.4%	3.7%	4.2%	4.4%	5.2%	0.9%	20.9%	10.4%	72.1%	100.0%
0.3%	2.9%	4.1%	8.5%	4.3%	0.6%	1.0%	0.1%	0.7%	1.2%	2.1%	2.3%	0.6%	11.2%	2.6%	29.5%	9.8%
2.14	3.99	7.34	6.32	7.10	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	13	16	16	16	16
full-time	12	15	13	14	15
part-time	1	1	3	2	1
in full-time equivalents	12.8	15.8	15.5	15.6	15.8
	14.8	15.9	15.2	16.8	15.1
On a permanent contract	13	16	16	16	16
Joined	7	22	16	21	5
Left	10	22	16	21	3
Training hours	18	20	48	8	16

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€280,700	€71,032	-	-	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€9,430	€20,013	€28,637	€99,917	€5,244
Intangible fixed assets	-	-	-	-	€3,450
	€18,491	€15,796	€21,168	€23,298	€28,315

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ESP-Projects

The operating result for 2025 is 61% lower than in 2024 and the lowest since 2020. It is the third fall in a row.

Debt's share of the balance-sheet total rises from 63.3% to 80.1%. Equity is lower and debt is higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency19.9%

Current ratio1.47

Return on assets0.3%

Staff

Staff cost per FTE€69,263

Joined and left-3 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €1,142 awarded, €1,701 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on ESP-Projects

Next steps

in euro

in euro

19.9%

1.47

0.3%

€69,263

-3 people