Espeka
ActiveSummary
The annual accounts of Espeka for fiscal year 2025 show a net loss of 74% of total assets. The 2025 annual accounts show equity of €1.4m and a net result of -€6.6m. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 18% of 4926 sector peers (fiscal year 2025). The company has been active since 1958 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-53
Solvency41▼-59
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.03; short-term debt: 84.1% and cash: 2.5% of total assets), and 84.1% of the assets are financed with debt.
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Signals
Four 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4926 sector peers (2025).
NBB · sector comparisonPosition among 4926 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-03-2026, 136 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
136 d early
2024
112 d early
2023
119 d early
2022
61 d early
2021
125 d early
2020
114 d early
2019
101 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 110 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€9.8m▲ 12.5%
2024 · €8.7m
EBIT margin
-64.9%▼ 64.6pp
2024 · -0.3%
Net result
-€6.6m
2024 · €17,828
Working capital
€244,802▼ 98.3%
2024 · €14.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€36.1m▲ 91.0%€24.9m▼ 31.1%€10.9m▼ 56.2%€8.7m▼ 20.1%€9.8m▲ 12.5%
Operating result€610,522▲ 5,136%€418,885▼ 31.4%€183,156▼ 56.3%-€29,945-€6.4m▼ 21,129%
Net result€539,232within the sector's middle half▲ 23,543%€525,067within the sector's middle half▼ 2.6%€28,434within the sector's middle half▼ 94.6%€17,828within the sector's middle half▼ 37.3%-€6.6mbelow the sector's middle half
EBIT margin1.7%▲ 1.6pp1.7%=1.7%=-0.3%▼ 2.0pp-64.9%▼ 64.6pp
Equity€14.8mabove the sector's middle half▲ 3.8%€15.3mabove the sector's middle half▲ 3.5%€15.4mabove the sector's middle half▲ 0.2%€15.4mabove the sector's middle half▲ 0.1%€1.4mwithin the sector's middle half▼ 90.8%
Total assets€17.8mabove the sector's middle half▼ 1.5%€19.2mabove the sector's middle half▲ 7.8%€15.4mabove the sector's middle half▼ 19.4%€15.5mabove the sector's middle half▲ 0.1%€8.9mwithin the sector's middle half▼ 42.5%
Debt€3.0m▼ 20.5%€3.8m▲ 29.4%€70,037▼ 98.2%€62,177▼ 11.2%€7.5m▲ 11,918%
Working capital€14.3m▲ 19.3%€14.9m▲ 4.7%€14.1m▼ 5.5%€14.1m▲ 0.2%€244,802▼ 98.3%
Solvency83.4%above the sector's middle half▲ 4.2pp80.1%above the sector's middle half▼ 3.3pp99.5%above the sector's middle half▲ 19.5pp99.6%above the sector's middle half▲ 0.1pp15.9%below the sector's middle half▼ 83.7pp
Staff (FTE)5.7within the sector's middle half▼ 9.5%3.6within the sector's middle half▼ 36.8%2.8below the sector's middle half▼ 22.2%2.7below the sector's middle half▼ 3.6%2.6below the sector's middle half▼ 3.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6.4m in 2025 against €29,945 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 €8.9m
Fixed assets
€1.2m ▼ 7.0%
Current assets
€7.7m ▼ 45.6%
Equity and liabilities €8.9m
Equity
€1.4m ▼ 90.8%
Debt
€7.5m ▲ 11,918%
Debt's share of the balance-sheet total rises from 0.4% to 84.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6.3m▼
2024 · €55,644
Cash flow
-€6.5m▼
2024 · €103,418
Current ratio
1.03
Debt to equity
5.28▲
2024 · 0.00
ROE
-467.7%▼
2024 · 0.1%
ROA
-74.5%▼
2024 · 0.1%
Interest coverage
-3058291.33▼
2024 · 6.37
Debt ≤ 1 year
€7.5m▲
2024 · €62,177
Income taxes
€15,215▼
2024 · €15,736
Staff costs
€427,198▲
2024 · €304,522
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,219 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €24.9m | €10.9m | €8.7m | €9.8m | ▲ 12.6% |
| Turnover70 | €36.1m | €24.9m | €10.9m | €8.7m | €9.8m | ▲ 12.5% |
| Other operating income74 | - | €17,878 | €19,287 | €15,284 | €13,148 | ▼ 14.0% |
| Non-recurring operating income76A | - | - | €14,000 | - | €7,148 | - |
| Operating charges60/66A | - | €24.5m | €10.7m | €8.7m | €16.2m | ▲ 84.9% |
| Goods for resale, raw materials and consumables60 | - | €23.2m | €9.6m | €7.8m | €15.2m | ▲ 94.9% |
| Purchases600/8 | - | €28.5m | €5.6m | €8.4m | €2.0m | ▼ 76.1% |
| Change in stocks: decrease (increase)609 | - | -€5.3m | €4.0m | -€621,583 | €13.2m | ▲ 2,218% |
| Services and other goods61 | - | €783,950 | €540,162 | €546,331 | €453,493 | ▼ 17.0% |
| Remuneration, social security and pensions62 | - | €348,412 | €309,509 | €304,522 | €427,198 | ▲ 40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109,830 | €98,155 | €88,583 | €85,589 | €87,564 | ▲ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€350,000 | - | - | - |
| Other operating charges640/8 | - | €21,919 | €563,869 | €21,188 | €21,733 | ▲ 2.6% |
| Operating profit (loss)9901 | €610,522 | €418,885 | €183,156 | -€29,945 | -€6.4m | ▼ 21,129% |
| Financial income75/76B | - | €453,448 | €294,032 | €87,585 | €12,619 | ▼ 85.6% |
| Recurring financial income75 | €278,410 | €453,448 | €294,032 | €87,585 | €12,619 | ▼ 85.6% |
| Income from current assets751 | - | €2,170 | €197 | - | - | - |
| Other financial income752/9 | - | €451,278 | €293,835 | €87,585 | €12,619 | ▼ 85.6% |
| Financial charges65/66B | - | €315,329 | €449,215 | €24,076 | €259,025 | ▲ 976% |
| Recurring financial charges65 | €293,155 | €315,329 | €449,215 | €24,076 | €259,025 | ▲ 976% |
| Debt charges650 | €132,696 | €146,611 | €78,762 | €8,735 | €2 | ▼ 100.0% |
| Other financial charges652/9 | - | €168,718 | €370,453 | €15,341 | €259,023 | ▲ 1,588% |
| Profit (loss) for the period before taxes9903 | €595,777 | €557,004 | €27,973 | €33,565 | -€6.6m | ▼ 19,774% |
| Income taxes67/77 | €56,545 | €31,937 | -€461 | €15,736 | €15,215 | ▼ 3.3% |
| Taxes670/3 | - | €34,651 | - | €15,736 | €15,251 | ▼ 3.1% |
| Tax adjustments and reversals of tax provisions77 | - | €2,714 | €461 | - | €36 | - |
| Profit (loss) for the period9904 | €539,232 | €525,067 | €28,434 | €17,828 | -€6.6m | ▼ 37,224% |
| Profit (loss) for the period to be appropriated9905 | €539,232 | €525,067 | €28,434 | €17,828 | -€6.6m | ▼ 37,224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.8m | €19.2m | €15.4m | €15.5m | €8.9m | ▼ 42.5% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 7.0% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.1% |
| Land and buildings22 | - | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.0% |
| Plant, machinery and equipment23 | - | €6,602 | €4,320 | €2,750 | €1,181 | ▼ 57.1% |
| Furniture and vehicles24 | - | €2,225 | - | - | - | - |
| Financial fixed assets28 | €13,327 | €12,927 | €12,927 | €25,427 | €25,027 | ▼ 1.6% |
| Other financial fixed assets284/8 | - | €12,927 | €12,927 | €25,427 | €25,027 | ▼ 1.6% |
| Amounts receivable and cash guarantees285/8 | - | €12,927 | €12,927 | €25,427 | €25,027 | ▼ 1.6% |
| Current assets29/58 | €16.3m | €17.8m | €14.2m | €14.2m | €7.7m | ▼ 45.6% |
| Stocks and contracts in progress3 | €11.3m | €16.5m | €12.5m | €13.2m | - | - |
| Stocks30/36 | - | €16.5m | €12.5m | €13.2m | - | - |
| Goods purchased for resale34 | - | €16.5m | €12.5m | €13.2m | - | - |
| Amounts receivable within one year40/41 | €4.1m | €1.0m | €1.4m | €943,072 | €7.5m | ▲ 695% |
| Trade receivables40 | - | €1.0m | €1.3m | €932,736 | €125,723 | ▼ 86.5% |
| Other amounts receivable41 | - | €8,930 | €6,356 | €10,336 | €7.4m | ▲ 71,191% |
| Cash at bank and in hand54/58 | €988,477 | €284,577 | €265,140 | €81,834 | €220,583 | ▲ 170% |
| Deferred charges and accrued income490/1 | - | €6,568 | €16,068 | €8,700 | €2,388 | ▼ 72.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.8m | €19.2m | €15.4m | €15.5m | €8.9m | ▼ 42.5% |
| Equity10/15 | €14.8m | €15.3m | €15.4m | €15.4m | €1.4m | ▼ 90.8% |
| Contributions10/11 | - | €286,000 | €286,000 | €286,000 | €286,000 | = |
| Revaluation surpluses12 | - | €919,389 | €878,841 | €838,294 | €797,746 | ▼ 4.8% |
| Reserves13 | €10.5m | €10.6m | €10.6m | €10.6m | €331,495 | ▼ 96.9% |
| Non-distributable reserves130/1 | - | €28,600 | - | - | - | - |
| Reserves not available under the articles1311 | - | €28,600 | - | - | - | - |
| Tax-exempt reserves132 | - | €24,268 | €24,268 | €24,268 | €24,268 | = |
| Distributable reserves133 | - | €10.5m | €10.6m | €10.6m | €307,227 | ▼ 97.1% |
| Profit (loss) carried forward14 | €3.1m | €3.6m | €3.6m | €3.6m | - | - |
| Amounts payable17/49 | €3.0m | €3.8m | €70,037 | €62,177 | €7.5m | ▲ 11,918% |
| Amounts payable after more than one year17 | €881,978 | €934,579 | - | - | - | - |
| Other amounts payable178/9 | - | €934,579 | - | - | - | - |
| Amounts payable within one year42/48 | €2.1m | €2.9m | €70,037 | €62,177 | €7.5m | ▲ 11,918% |
| Financial debts43 | - | €2.8m | - | - | - | - |
| Other loans439 | - | €2.8m | - | - | - | - |
| Trade debts44 | €38,524 | €80,240 | €17,896 | €11,147 | €6,651 | ▼ 40.3% |
| Suppliers440/4 | - | €80,240 | €17,896 | €11,147 | €6,651 | ▼ 40.3% |
| Taxes, remuneration and social security45 | - | €49,444 | €52,141 | €51,030 | €104,265 | ▲ 104% |
| Taxes450/3 | - | €15,576 | €14,821 | €13,952 | €59,372 | ▲ 326% |
| Remuneration and social security454/9 | - | €33,868 | €37,320 | €37,078 | €44,893 | ▲ 21.1% |
| Other amounts payable47/48 | - | - | - | - | €7.4m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €539,232 | €525,067 | €28,434 | €17,828 | -€6.6m | ▼ 37,224% |
| + Depreciation and write-downs630 | €109,830 | €98,155 | €88,583 | €85,589 | €87,564 | ▲ 2.3% |
| Operating cash flow (approximation) | €649,062 | €623,222 | €117,018 | €103,418 | -€6.5m | ▼ 6,415% |
| Investment in fixed assets (approximation) | - | -€1,842 | €0 | -€75,500 | €400 | ▲ 101% |
| Change in cash | - | -€703,900 | -€19,437 | -€183,305 | €138,749 | ▲ 176% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€6.6m
Net result drops to -€6.6m, the lowest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 33current ratio 202.45
Current ratio from 6.17 to 202.45; short-term debt falls from €2.9m to €70,037.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €539,232 ▲23,543%
Net result €539,232, the highest in the series.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Antwerpen · 1 establishment unit since 1959
Ground area
1,776 m²
Building footprint
2,191 m²
Volume, LiDAR
69,494 m³
Parcel 11808H1183/00Z002, Flanders · tallest building 48.3 m, ±14 floors. Linked by address, not a title deed.
114
companies at this address
See who is registered here
1 establishment unit
ESPEKA BVBA
since 19592.003.553.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1183/00Z002 | Flanders | 1,776 m² | 1 · 2,191 m² | 48.3 m · 14 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.
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MANI IMPEX
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A.N. STAR
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Of 1,230 companies in sector 46861 we hold annual accounts for 685. 479 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
Founded18-12-1958
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
32121
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404952234
Also
9925:BE0404952234
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.