ESPAVINO
ActiveESPAVINO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-9
Solvency19▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.8 in 2024; short-term debt: 68.5% and cash: 5.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-6.3%
Return on assets
-10.3%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-13k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
3 d early
2022
31 d early
2021
33 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k
2024 · €8k
2019: €5k
2020: €-3k
2021: €11k
2022: €22k
2023: €21k
2024: €8k
2019 → 2025
Total assets
€206k▼ 8.6%
2024 · €225k
2019: €260k
2020: €240k
2021: €261k
2022: €232k
2023: €234k
2024: €225k
2019 → 2025
Net result
€-21k▼ 65.0%
2024 · €-13k
2019: €-4k
2020: €-8k
2021: €14k
2022: €11k
2023: €-1k
2024: €-13k
2019 → 2025
Working capital
€-39k▼ 58.1%
2024 · €-24k
2019: €-3k
2020: €-17k
2021: €-2k
2022: €2k
2023: €-8k
2024: €-24k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€22k▲ 95.9%€21k▼ 5.6%€8k▼ 61.3%€-13k
Operating result€25k-€21k▼ 15.9%€8k▼ 62.1%€-2k€-16k▼ 578%
Net result€14k-€11k▼ 21.9%€-1k€-13k▼ 930%€-21k▼ 65.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206k
Fixed assets
€104k▼ 19.9%
Current assets
€102k▲ 6.5%
Key figures and ratios
EBITDA
€10k▼
2024 · €23k
Cash flow
€5k▼
2024 · €13k
Solvency
-6.3%▼
2024 · 3.6%
Current ratio
0.73▼
2024 · 0.80
Quick ratio
0.09▼
2024 · 0.22
Debt / equity
-16.76▼
2024 · 26.76
ROA
-10.3%▼
2024 · -5.7%
Interest coverage
1.84▼
2024 · 2.21
Debt
€219k▲
2024 · €217k
Debt ≤ 1 year
€141k▲
2024 · €121k
Debt > 1 year
€78k▼
2024 · €97k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€225k€206k▼
Fixed assets21/28€129k€104k▼
Tangible fixed assets22/27€129k€103k▼
Land and buildings22€92k€76k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€26k€19k▼
Other tangible fixed assets26€10k€7k▼
Financial fixed assets28€248€248=
Current assets29/58€96k€102k▲
Stocks and contracts in progress3€70k€90k▲
Stocks30/36€70k€90k▲
Amounts receivable within one year40/41€8k€419▼
Trade receivables40€8k€419▼
Other amounts receivable41€82€0▼
Cash at bank and in hand54/58€17k€10k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€225k€206k▼
Equity10/15€8k€-13k▼
Contributions10/11€37k€37k=
Reserves13€412€412=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€412€412=
Profit (loss) carried forward14€-29k€-51k▼
Amounts payable17/49€217k€219k▲
Amounts payable after more than one year17€97k€78k▼
Financial debts170/4€97k€78k▼
Amounts payable within one year42/48€121k€141k▲
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€0€19k▲
Suppliers440/4€0€19k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€86k€90k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€28k€15k▼
Operating profit (loss)9901€-2k€-16k▼
Financial income75/76B€0€34▲
Recurring financial income75€0€34▲
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€-13k€-21k▼
Profit (loss) for the period9904€-13k€-21k▼
Profit (loss) for the period to be appropriated9905€-13k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-51k▼
Profit (loss) brought forward from the previous period14P€-17k€-29k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oud-Heverlee · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvensestraat 903051 Oud-HeverleeGround area
3,643 m²
Building footprint
258 m²
Volume, LiDAR
928 m³
Parcel 24100B0022/00V000, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BV ESPAVINO
since 19872.033.187.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24100B0022/00V000 | Flanders | 3,643 m² | 1 · 258 m² | 10.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 2 entries · 4,530 EUR awarded · 4,530 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,530 EUR | 2,530 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteOud-Heverlee2.033.187.997
Similar companies · same sector, comparable size
Terre Mariotti
BE 0799.617.718
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MEANDER SPIRITS
BE 0799.445.987
Sint-Martens-Latem · Eq €8k
Dorst De Soif
BE 1010.285.880
Meise · Eq €8k
Masterwines
BE 0845.213.557
Kontich · Eq €8k
THE WINE OF CHAMPIONS
BE 0771.363.103
Saint-Ghislain · Eq €8k
Of 2,332 companies in sector 47251 we hold annual accounts for 422. 234 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-1987
Fiscal year end31-03
Activities, NACEBEL
47251Retail sale of wines and spirits
51340
46349Wholesale of beverages, general range
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.