ESPEL
ActiveESPEL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €205k and a net result of €400. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 44% of 799 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
63
/ 100
Healthy▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-1
Solvency36▼-3
Growth46▼-3
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.01 in 2024), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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 23-10-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
8 d early
2022
5 d early
2021
3 d early
2020
2 d early
2019
21 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 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.86M▼ 9.4%
2024 · €3.16M
2019: €2.82M
2021: €2.98M
2022: €2.87M
2023: €3.08M
2024: €3.16M
2019 → 2025
EBIT margin
0.2%▼ 0.2pp
2024 · 0.5%
2019: 0.7%
2021: 4.1%
2022: 0.4%
2023: 0.1%
2024: 0.5%
2019 → 2025
Net result
€400▼ 75.0%
2024 · €2k
2019: €6k
2021: €105k
2022: €5k
2023: €49
2024: €2k
2019 → 2025
Working capital
€25k▲ 400%
2024 · €5k
2019: €-106k
2021: €30k
2022: €-26k
2023: €10k
2024: €5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.98M-€2.87M▼ 3.7%€3.08M▲ 7.4%€3.16M▲ 2.5%€2.86M▼ 9.4%
Equity€199k-€203k▲ 2.3%€203k=€205k▲ 0.8%€205k▲ 0.2%
Operating result€121k-€10k▼ 91.7%€2k▼ 78.8%€15k▲ 612%€7k▼ 53.3%
Net result€105k-€5k▼ 95.6%€49▼ 99.0%€2k▲ 3,184%€400▼ 75.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €848k
Fixed assets
€218k▼ 14.4%
Current assets
€630k▲ 16.0%
Equity and liabilities €848k
Equity
€205k▲ 0.2%
Debt
€643k▲ 8.4%
The debt ratio rises from 74.3% to 75.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€75k▼
2024 · €91k
Cash flow
€69k▼
2024 · €78k
Solvency
24.2%▼
2024 · 25.7%
Current ratio
1.04▲
2024 · 1.01
Quick ratio
1.01▲
2024 · 0.98
Debt / equity
3.13▲
2024 · 2.89
ROE
0.2%▼
2024 · 0.8%
ROA
0.0%▼
2024 · 0.2%
Interest coverage
78.88▲
2024 · 60.31
Debt
€643k▲
2024 · €593k
Debt ≤ 1 year
€605k▲
2024 · €538k
Debt > 1 year
€34k▼
2024 · €52k
Income taxes
€6k▼
2024 · €13k
Staff costs
€588k▲
2024 · €460k
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€798k€848k▲
Fixed assets21/28€254k€218k▼
Tangible fixed assets22/27€254k€218k▼
Land and buildings22€32k€43k▲
Plant, machinery and equipment23€212k€167k▼
Furniture and vehicles24€10k€7k▼
Financial fixed assets28€198€198=
Other financial fixed assets284/8€198€198=
Shares284€198€198=
Current assets29/58€543k€630k▲
Amounts receivable after more than one year29€56k€32k▼
Other amounts receivable291€56k€32k▼
Stocks and contracts in progress3€16k€17k▲
Stocks30/36€16k€17k▲
Goods purchased for resale34€16k€17k▲
Amounts receivable within one year40/41€370k€480k▲
Trade receivables40€66k€177k▲
Other amounts receivable41€303k€303k▼
Cash at bank and in hand54/58€84k€85k▲
Deferred charges and accrued income490/1€18k€17k▼
Equity and liabilities
Total equity and liabilities10/49€798k€848k▲
Equity10/15€205k€205k▲
Contributions10/11€161k€161k=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Tax-exempt reserves132€522€522=
Profit (loss) carried forward14€28k€29k▲
Amounts payable17/49€593k€643k▲
Amounts payable after more than one year17€52k€34k▼
Financial debts170/4€52k€34k▼
Credit institutions173€52k€34k▼
Amounts payable within one year42/48€538k€605k▲
Current portion of amounts payable after more than one year42€18k€18k▲
Trade debts44€229k€187k▼
Suppliers440/4€229k€187k▼
Taxes, remuneration and social security45€50k€115k▲
Taxes450/3€1€26k▲
Remuneration and social security454/9€50k€89k▲
Other amounts payable47/48€242k€285k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Operating income70/76A€3.23M€3.05M▼
Turnover70€3.16M€2.86M▼
Other operating income74€66k€181k▲
Non-recurring operating income76A-€6k
Operating charges60/66A€3.21M€3.04M▼
Goods for resale, raw materials and consumables60€831k€797k▼
Purchases600/8€827k€798k▼
Change in stocks: decrease (increase)609€4k€-616▼
Services and other goods61€1.83M€1.58M▼
Remuneration, social security and pensions62€460k€588k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€68k▼
Other operating charges640/8€10k€13k▲
Operating profit (loss)9901€15k€7k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Income from current assets751-€2k
Other financial income752/9€3k€143▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Debt charges650€2k€956▼
Other financial charges652/9€2k€2k▲
Profit (loss) for the period before taxes9903€15k€7k▼
Income taxes67/77€13k€6k▼
Taxes670/3€13k€6k▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€2k€400▼
Profit (loss) for the period to be appropriated9905€2k€400▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€29k▲
Profit (loss) brought forward from the previous period14P€27k€28k▲
Social balance
Average headcount (FTE)908710.813.9▲
The notes to these accounts (54 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
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet €49 ▼99%
Net result drops to €49, the lowest in the series; recovery starts the following year.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Equity above €200kEq €203k ▲2.3%
3 profitable years in a row build equity to €203k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €105k ▲1594%
Operating result €121k, net result €105k, both a record.
31-03
Financial
Equity above €150kEq €199k ▲49.6%
2 profitable years in a row build equity to €199k.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-10
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
4 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, Halle · 1 establishment unit since 2005
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.
Melkerijstraat 181500 HalleGround area
7.8 ha
Building footprint
2.8 ha
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
McDonald's Sint-Pieters-Leeuw
since 20052.147.838.534
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0147/00P000 | Flanders | 7.7 ha | 1 · 2.8 ha | - |
| 23413H0102/00S003 | Flanders | 1,092 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileySint-Pieters-Leeuw2.147.838.534
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 6,558 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2005
Fiscal year end31-03
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.