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

Follow Report Compare

Overview

Lifetime

17 annual accounts with figures on one time axis

Compare with

peak €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 accounts

Equity

€240,859 ▼ 52.1%

ESP-Projects paid out €265,000 in dividends. That is 8,444% of the 2025 profit.

Turnover

≈ €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

Small
10 to 20 years old
solvency 10 to 30%
a profit under 5% of the balance sheet

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.

The companies in ten equal groups, from the lowest to the 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%	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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Board & ownership

Recent changes

11-03-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0892076930

12-09-2023

Environmental permit granted Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Middelkerke

29-12-2022

New director appointed, resigned · Permanent representative: · Director discharge: · General meeting of 22-12-2022 · Gazette deed

25-06-2019

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

All 32 events

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

Company details

Annual accounts 2025

: €1.1m▼ 9.2%
: €3,138▼ 92.2%
: €240,859▼ 52.1%
: €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

Financials

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.

Financials

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.

Board & ownership

Board

1 director, last change in 2022

Director (not named in the articles), permanent representative

since 22-12-2022 term without a fixed end

listed in the 2025 annual accounts, filed on 14-07-2026

Permanent representatives 1

Permanent representative, for

appointed by deed of 29-12-2022

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today

Director (not named in the articles)

Manager

BoardEarliermandate already running before its first mention

Mandates as a list

- Director (not named in the articles), from 05-02-2019 to date
- Manager, appointed by deed of 06-06-2019, until 29-12-2022
- Manager, appointed by deed of 21-06-2016, until 05-02-2019
- Manager, until 05-02-2019
- Manager, until 21-06-2016

See the board, name and registered office on a given date →

Control

Parent

Equity €567,718

Profit €253,454 in 2025 (loss €5,167 in 2024)

Checked score

Source: accounts 2025

98%

This company

ESP-Projects

Equity €240,859

Profit €3,138 in 2025

Capital

Contribution: €25,000
Source: 2025 annual accounts

Owners through the years

as the annual accounts name them

99% until 2019

99% until 2015

48% until 2012

Owners as a list

- 2018: consolidates
- 2019 to 2025: 98%
- 2018 to 2019: 99%
- 2013 to 2015: 99%
- 2008: 50%
- 2009: 49%
- 2010: 50%
- 2011 to 2012: 48%

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 29-12-2022 (in Dutch)

Duration: Unlimited
Annual meeting: First Friday of June at 11:00

Capital transactions

Shareholders according to the deeds

At incorporation deed of 29-12-2022 ↗

founder
founder

Capital over time

29-12-2022 Converted to unavailable equity · €27,500

Network & group

Group

has 1 direct subsidiary (2025 accounts), the bar shows equity in euros

Parent1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

BE ESP Projects98% €240,859 result €3,138

Source: list of holdings in the 2025 accounts of . Every holding stands with its own latest accounts.

At the same address

Nieuwpoortlaan 75, 8434 Middelkerke · 4 other companies

GROEP T registered office since 12-05-1989 · founded in 1989	total assets €1.1m (2025) 0437.419.520
ESP-STUURBOORD registered office since 19-12-2018 · founded in 2018	total assets €646,679 (2025) 0716.646.688
ESP-BAKBOORD registered office since 19-12-2018 · founded in 2018	total assets €337,733 (2025) 0716.646.787
ESP GROUP registered office since 01-01-2024	founded in 2024 1003.051.264

Earlier ties

via , at ESP-Projects until 2019 · Manager · deed of 21-06-2016 founded in 2012 · accounts filed late	total assets €6.9m (2024)
via , at ESP-Projects until 2019 · Director (not named in the articles) · deed of 04-10-2021 founded in 2017 · negative equity (2025)	total assets €620,384 (2025)
via , at ESP-Projects until 2019 · Director (not named in the articles) · deed of 04-10-2021 founded in 2016 · negative equity (2025)	total assets €263,619 (2025)
via , at ESP-Projects until 2019 · Director · deed of 20-07-2022 founded in 1976	236 FTE (2025)
via , at ESP-Projects until 2019 · Director (not named in the articles) · deed of 04-10-2021 founded in 2009	total assets €6.9m (2025)
via , at ESP-Projects until 2019 · Director (not named in the articles) · deed of 21-06-2016 founded in 2011	turnover €342,034 (2025)

Show 9 more earlier ties

via , at ESP-Projects until 2019 · Director (not named in the articles) · deed of 28-07-2026 founded in 2020	total assets €2.7m (2025)
via , at ESP-Projects until 2019 · Director · deed of 20-07-2022 founded in 2017	total assets €2.1m (2025)
via , at ESP-Projects until 2019 · Manager · deed of 21-06-2016 founded in 2010	total assets €570,277 (2025)
via , at ESP-Projects until 2019 · Director · deed of 20-07-2022 founded in 2017	total assets €454,762 (2025)
via , at ESP-Projects until 2019 · Manager · deed of 14-12-2016 founded in 2006	total assets €371,138 (2025)
via , at ESP-Projects until 2019 · Director (not named in the articles) · deed of 24-11-2021	founded in 2012
via , at ESP-Projects until 2019 · Managing director · deed of 05-11-2026	founded in 2026
via , at ESP-Projects until 2019 · Director · deed of 19-07-2022 No longer active	turnover €1.1m (2025)
via , at ESP-Projects until 2019 · Director · deed of 09-11-2016 No longer active · founded in 1996	total assets €374,437 (2020)

Connections & network

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Timeline

32 events since 2007

Board

Filings

Financial

Permits

Establishments

Address

Other

2008201020122014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

14-07-2026

Annual accounts 2025 filed NBBabbreviated format · 17 days before the deadline

2025

30-07-2025

Annual accounts 2024 filed PDFabbreviated format · 1 day before the deadline

11-03-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0892076930

2024

31-12-2024

Equity above €500,000 equity €502,720 ▲8.7% Equity rises from €462,354 to €502,720.

06-09-2024

Annual accounts 2023 filed PDFabbreviated format · 37 days late

2023

12-09-2023

Environmental permit granted OmgevingsloketBouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Middelkerke

29-06-2023

Annual accounts 2022 filed PDFabbreviated format · 32 days before the deadline

2022

29-12-2022

New director appointed, resigned · Permanent representative: · Director discharge: · General meeting of 22-12-20229 points ▸

General meeting, 22-12-2022
Director resignation,
Director discharge,
Director appointment, (director (not named in the articles))
Permanent representative,
Founder,
Founder,
Power of attorney,
Registered office clause, Nieuwpoortlaan 75, 8434 Lombardsijde
The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

17-05-2022

Annual accounts 2021 filed PDFabbreviated format · 75 days before the deadline

2021

02-07-2021

Annual accounts 2020 filed PDFabbreviated format · 29 days before the deadline

2020

01-09-2020

Annual accounts 2019 filed PDFabbreviated format · 32 days late

2019

07-10-2019

Annual accounts 2018 filed PDFabbreviated format · 68 days late

25-06-2019

Registered office moved from Nieuwpoort to LombardsijdeNew registered office: Nieuwpoortlaan 75, 8434 Lombardsijde · Previous registered office: Lombardsijdestraat 15, 8620 Nieuwpoort · General meeting of 12-06-20192 points ▸

General meeting, 12-06-2019
Registered-office move, Nieuwpoortlaan 75, 8434 Lombardsijde

Open the deed in the Belgian Official Gazette

06-06-2019

Registered office moved from Diksmuide to NieuwpoortNew registered office: Lombardsijdestraat 15 8620 Nieuwpoort · Previous registered office: Pervijzestraat 17 8600 Diksmuide · Resignations: (manager) and (manager) · General meeting of 05-02-20195 points ▸

General meeting, 05-02-2019
Director resignation, (manager)
Director resignation, (manager)
Director appointment, (manager)
Registered-office move, Lombardsijdestraat 15 8620 Nieuwpoort

Open the deed in the Belgian Official Gazette

2018

31-12-2018

Weakest financial year net €1,947 ▼88.9% The net result drops to €1,947, the lowest from 2008 to 2025. It recovers the following year.

27-06-2018

Amendment of the articles1 point ▸

General meeting, 21-06-2018
The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

31-01-2018

Annual accounts 2017 filed PDFabbreviated format · on the deadline day

2017

16-03-2017

Annual accounts 2016 filed PDFabbreviated format · 44 days late

2016

21-06-2016

Resignations & appointmentsResignation: (manager) · Appointment: (manager) · Permanent representative: · General meeting of 12-02-20165 points ▸

General meeting, 12-02-2016
Merger, 29-07-2015
Director resignation, (manager)
Director appointment, (manager)
Permanent representative,

Open the deed in the Belgian Official Gazette

2015

29-10-2015

Annual accounts 2015 filed PDFabbreviated format · 94 days before the deadline

2014

09-12-2014

Annual accounts 2014 filed PDFabbreviated format · 53 days before the deadline

2013

17-07-2013

Annual accounts 2012 filed PDFabbreviated format · 14 days before the deadline

2012

31-12-2012

Liquidity more than doubled current ratio 13.64 The current ratio rises from 5.02 to 13.64. Short-term debt falls from €125,846 to €37,502.

26-06-2012

Annual accounts 2011 filed PDFabbreviated format · 35 days before the deadline

2011

31-12-2011

Liquidity more than triples current ratio 5.02 The current ratio rises from 1.42 to 5.02. Short-term debt falls from €819,550 to €125,846.

08-08-2011

Annual accounts 2010 filed PDFabbreviated format · 8 days late

2010

13-07-2010

Annual accounts 2009 filed PDFabbreviated format · 18 days before the deadline

2009

31-12-2009

Highest result from 2008 to 2025 net €207,687 ▲140% The operating result of €309,305 and the net result of €207,687 are both a record.

31-12-2009

Equity above €200,000 equity €288,158 ▲233% With a profit in every financial year since 2008, equity grows to €288,158.

30-08-2009

Annual accounts 2008 filed PDFabbreviated format · 30 days late

2007

08-10-2007

First establishment Nieuwpoortlaan 75, Middelkerke

17-09-2007

Incorporation PDFpublished on 25-09-2007

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 17 September 2007, ESP-Projects was incorporated.¹ The registered office moved to Nieuwpoort in 2019 and to Lombardsijde in 2019.²³ Total assets went from €1.7m in 2018 to €1.2m in 2025 and headcount from 15.6 to 14.8 full-time equivalents.⁴

Company details

Identity

Enterprise number: 0892.076.930
VAT number: BE 0892.076.930
Peppol ID: 0208:0892076930
Other Peppol ID: 9925:BE0892076930
Legal form: Private limited company
Status: Active, normal situation
Founded: 17-09-2007
Financial year: ends on 31 December
Annual meeting: First Friday of June at 11:00
deed of 29-12-2022 (in Dutch)
Peppol: Reachable since 11-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: ESP-Projects in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 29-12-2022 (in Dutch)
Registered office clause: “Vlaams Gewest”
deed of 29-12-2022 (in Dutch)

Activities

NACEBEL 2025

VAT activities

43240 Other construction installation main activity

33110 Repair and maintenance of fabricated metal products

43211 General electrical installation work

43212 Electrical installation work in industrial facilities

43410 Roofing work

43421 Specialised construction activities

66210 Risk and damage evaluation

81220 Other building cleaning and industrial cleaning

Social security (RSZ) activities

43211 General electrical installation work main activity

Joint committees annual accounts 2025

JC 124 Construction

JC 200 Auxiliary committee for white-collar workers

Codes under NACEBEL 2008

VAT activities

43299 Specialised construction activities main activity

33110 Repair, maintenance and installation of machinery and equipment

43211 Specialised construction activities

43212 Specialised construction activities

43910 Specialised construction activities

43991 Specialised construction activities

66210 Activities auxiliary to financial services and insurance activities

81220 Other building cleaning and industrial cleaning

Social security (RSZ) activities

43211 Specialised construction activities main activity

Codes under NACEBEL 2003

VAT activities

45340 main activity

Social security (RSZ) activities

45310 main activity

Purpose: “De ontwikkeling van alle onroerend goed projecten,verwerven,beheren,valoriseren en vervreemden van onroerende goederen,onder meer inhoudend…”
7 activities
De ontwikkeling van alle onroerend goed projecten,verwerven,beheren,valoriseren en vervreemden van onroerende goederen,onder meer inhoudend de aan-en verkoop,huur en verhuur,huurfinanciering,(laten)bouwen,verbouwen;restaureren,renoveren,aanpassen,verfraaien,uitrusten en onderhouden,uitbaten,verkavelen,alsook de coördinatie van bedrijvigheden die betrekking hebben op de gehele of gedeeltelijke uitvoering van voltooiingwerkzaamheden door onderaannemers.
Het verlenen van advies.
Het uitvoeren van algemene aannemingen en bouwwerken,in de breedste zin,zowel in eigen beheer als via onderaannemingen,inbegrepen alle elektriciteitswerken,sanitaire werken en dakwerken.
Het begeleiden van bouwprojecten.
Koop,verkoop,plaatsing van bouwelementen met betrekking tot zonne-energie onder andere zonnepanelen,enzovoort.
De vennootschap mag alle brevetten,vergunningen of merken die betrekking hebben op haar voorwerp,aankopen,exploiteren en afstaan.Zij mag in België en in het buitenland,alle commerciële,industriële,financiële,roerende en onroerende handelingen verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
Zij mag eveneens belangen hebben bij wijze van inbreng,inschrijving of anderszins,in alle ondernemingen,verenigingen of vennootschappen die een gelijkaardig,analoog of aanverwant voorwerp nastreven of wiens voorwerp van aard is dat van de vennootschap te bevorderen.Zij mag zich voor deze vennootschappen borg stellen of aval verlenen,voorschotten en krediet toestaan,hypothecaire of andere waarborgen verstrekken.Zij mag de opdracht van bestuurder in andere vennootschappen of tijdelijke verenigingen waarnemen.
deed of 29-12-2022 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Nieuwpoortlaan 75 registered office 8434 Middelkerke 33110 Repair and maintenance of fabricated metal products	08-10-2007	2.166.007.921

2 former offices

8620 Nieuwpoort until 12-06-2019 · deed of 25-06-2019
Pervijzestraat 17, 8600 Diksmuide until the deed of 06-06-2019

Buildings and parcels at the address

Ground area: 656 m²
Buildings: 11 m²
Volume, LiDAR: 19 m³
Tallest building: 5.0 m

Buildings to scale, each on its own parcel

Environmental permits

1 application in Flanders since 2023 · 1 granted

12-09-2023

Granted

Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 17-05-2023 · project 2022159988

Middelkerke

Source: Omgevingsloket Vlaanderen.

registered office establishment The establishment unit on the map

5 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
35022C0266/00C000	656 m²	1 · 11 m²	5.0 m

Recognitions

Dual-learning approval

3 live approvals

Elektrische installaties duaal (so)

approved · 2024 to 2029

Elektrotechnisch installateur (vwo)

approved · 2024 to 2029

Installateur elektrotechnische basiscomponenten duaal (so)

approved · 2024 to 2029

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0892.076.930

Overview

Lifetime

Key points

Equity

Turnover

Debts

Staff

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on ESP-Projects

Financials

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

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Capital transactions

Network & group

Group

Belgium 1 Equity Result

At the same address

Earlier ties

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Environmental permits

Location

Parcels

Recognitions

Dual-learning approval

Invoicing and payment

in euro

in euro

19.9%

1.47

0.3%

€69,263

-3 people