ESPIX NETWORK
ActiveSummary
ESPIX NETWORK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,538 and a net result of €8,838. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-4
Solvency71▼-27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 6.3 against 4.37 in 2024; short-term debt: 6.2% and cash: 18.8% of total assets), but 53.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
1.6%
Age of the figures
18 mo
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 03-09-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
160 d early
2023
5 d early
2022
3 d early
2021
4 d early
2020
18 d late
2019
12 d late
← 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 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 company by total assets in Ciney, Telecoms and IT sector#3 company by equity in Ciney, Telecoms and IT sector#7 oldest company in Ciney, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,838▼ 46.8%
2024 · €16,617
Working capital
€184,347▼ 7.7%
2024 · €199,742
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,954▲ 20.8%€93,537▲ 80.0%€93,462▼ 0.1%€36,608▼ 60.8%€40,408▲ 10.4%
Net result€34,800▲ 27.0%€75,569▲ 117%€45,334▼ 40.0%€16,617▼ 63.3%€8,838▼ 46.8%
Equity€113,180▲ 44.4%€188,750▲ 66.8%€234,083▲ 24.0%€250,700▲ 7.1%€259,538▲ 3.5%
Total assets€223,924▼ 12.8%€333,563▲ 49.0%€332,096▼ 0.4%€345,648▲ 4.1%€561,386▲ 62.4%
Debt€110,743▼ 37.9%€144,813▲ 30.8%€98,013▼ 32.3%€94,948▼ 3.1%€301,847▲ 218%
Working capital€55,742▲ 65.4%€133,799▲ 140%€183,452▲ 37.1%€199,742▲ 8.9%€184,347▼ 7.7%
Staff (FTE)1=1=1=1=1=
Why a figure moved sharply
- 2025 Total assets +62% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €561,386
Fixed assets
€342,247 ▲ 295%
Current assets
€219,138 ▼ 15.4%
Equity and liabilities €561,386
Equity
€259,538 ▲ 3.5%
Debt
€301,847 ▲ 218%
Debt's share of the balance-sheet total rises from 27.5% to 53.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96,550▲
2024 · €73,816
Cash flow
€64,980▲
2024 · €53,825
Current ratio
6.30▲
2024 · 4.37
Debt to equity
1.16▲
2024 · 0.38
ROE
3.4%▼
2024 · 6.6%
ROA
1.6%▼
2024 · 4.8%
Interest coverage
11.62▼
2024 · 13.39
Debt ≤ 1 year
€34,792▼
2024 · €59,242
Debt > 1 year
€266,426▲
2024 · €35,406
Income taxes
€24,320▲
2024 · €15,080
Staff costs
€39,788▼
2024 · €56,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41,522 | €50,869 | €56,843 | €39,788 | ▼ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,290 | €38,150 | €27,598 | €37,208 | €56,143 | ▲ 50.9% |
| Other operating charges640/8 | - | €8,482 | €1,849 | €3,753 | €5,099 | ▲ 35.8% |
| Gross operating margin9900 | €150,508 | €181,691 | €173,777 | €134,412 | €141,437 | ▲ 5.2% |
| Operating profit (loss)9901 | €51,954 | €93,537 | €93,462 | €36,608 | €40,408 | ▲ 10.4% |
| Financial income75/76B | - | - | €27 | €601 | €1,057 | ▲ 75.9% |
| Recurring financial income75 | - | - | €27 | €601 | €1,057 | ▲ 75.9% |
| Financial charges65/66B | - | €3,884 | €1,864 | €5,512 | €8,307 | ▲ 50.7% |
| Recurring financial charges65 | €1,756 | €3,884 | €1,864 | €5,512 | €8,307 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €50,198 | €89,653 | €91,625 | €31,697 | €33,158 | ▲ 4.6% |
| Income taxes67/77 | €15,398 | €14,084 | €46,292 | €15,080 | €24,320 | ▲ 61.3% |
| Profit (loss) for the period9904 | €34,800 | €75,569 | €45,334 | €16,617 | €8,838 | ▼ 46.8% |
| Transfer to tax-exempt reserves689 | - | €6,236 | €1,338 | €3,678 | - | - |
| Profit (loss) for the period to be appropriated9905 | €27,618 | €69,333 | €43,996 | €12,939 | €8,838 | ▼ 31.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223,924 | €333,563 | €332,096 | €345,648 | €561,386 | ▲ 62.4% |
| Fixed assets21/28 | €107,686 | €81,948 | €55,115 | €86,664 | €342,247 | ▲ 295% |
| Tangible fixed assets22/27 | €107,686 | €81,948 | €55,115 | €86,664 | €342,247 | ▲ 295% |
| Land and buildings22 | - | - | - | - | €262,178 | - |
| Plant, machinery and equipment23 | - | €20,027 | €15,799 | €11,570 | €10,665 | ▼ 7.8% |
| Furniture and vehicles24 | - | €60,943 | €38,933 | €75,094 | €69,404 | ▼ 7.6% |
| Other tangible fixed assets26 | - | €978 | €384 | - | - | - |
| Current assets29/58 | €116,238 | €251,615 | €276,981 | €258,984 | €219,138 | ▼ 15.4% |
| Amounts receivable within one year40/41 | €45,565 | €93,883 | €50,186 | €35,736 | €33,442 | ▼ 6.4% |
| Trade receivables40 | - | €93,883 | €49,537 | €25,622 | €25,029 | ▼ 2.3% |
| Other amounts receivable41 | - | - | €649 | €10,114 | €8,414 | ▼ 16.8% |
| Current investments50/53 | - | - | - | €59,000 | €79,000 | ▲ 33.9% |
| Cash at bank and in hand54/58 | €68,331 | €155,251 | €226,529 | €162,562 | €105,792 | ▼ 34.9% |
| Deferred charges and accrued income490/1 | - | €2,481 | €265 | €1,686 | €904 | ▼ 46.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223,924 | €333,563 | €332,096 | €345,648 | €561,386 | ▲ 62.4% |
| Equity10/15 | €113,180 | €188,750 | €234,083 | €250,700 | €259,538 | ▲ 3.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €48,906 | €124,475 | €169,808 | €186,426 | €195,263 | ▲ 4.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €24,532 | €18,750 | €48,298 | €18,750 | ▼ 61.2% |
| Distributable reserves133 | - | €98,083 | €149,198 | €136,268 | €174,653 | ▲ 28.2% |
| Profit (loss) carried forward14 | €58,075 | €58,075 | €58,075 | €58,075 | €58,075 | = |
| Amounts payable17/49 | €110,743 | €144,813 | €98,013 | €94,948 | €301,847 | ▲ 218% |
| Amounts payable after more than one year17 | €50,247 | €26,997 | €4,485 | €35,406 | €266,426 | ▲ 652% |
| Financial debts170/4 | - | €26,997 | €4,485 | €35,406 | €266,426 | ▲ 652% |
| Amounts payable within one year42/48 | €60,496 | €117,816 | €93,528 | €59,242 | €34,792 | ▼ 41.3% |
| Current portion of amounts payable after more than one year42 | - | €24,336 | €23,599 | €14,411 | €19,065 | ▲ 32.3% |
| Trade debts44 | €16,409 | €56,412 | €24,399 | €6,408 | €6,145 | ▼ 4.1% |
| Suppliers440/4 | - | €56,412 | €24,399 | €6,408 | €6,145 | ▼ 4.1% |
| Taxes, remuneration and social security45 | - | €28,223 | €38,742 | €28,867 | €9,582 | ▼ 66.8% |
| Taxes450/3 | - | €24,988 | €32,635 | €18,743 | €5,031 | ▼ 73.2% |
| Remuneration and social security454/9 | - | €3,235 | €6,107 | €10,124 | €4,551 | ▼ 55.0% |
| Other amounts payable47/48 | - | €8,844 | €6,788 | €9,556 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €300 | €630 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,800 | €75,569 | €45,334 | €16,617 | €8,838 | ▼ 46.8% |
| + Depreciation and write-downs630 | €34,290 | €38,150 | €27,598 | €37,208 | €56,143 | ▲ 50.9% |
| Operating cash flow (approximation) | €69,090 | €113,719 | €72,932 | €53,825 | €64,980 | ▲ 20.7% |
| Investment in fixed assets (approximation) | - | -€12,413 | -€765 | -€68,756 | -€311,726 | ▼ 353% |
| Change in cash | - | €86,920 | €71,278 | -€63,967 | -€56,770 | ▲ 11.3% |
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
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €200,000Eq €234,083 ▲24%
5 profitable years in a row build equity to €234,083.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €75,569 ▲117%
Operating result €93,537, net result €75,569, both a record.
31-03
Financial
Equity above €150,000Eq €188,750 ▲66.8%
4 profitable years in a row build equity to €188,750.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100,000Eq €113,180 ▲44.4%
3 profitable years in a row build equity to €113,180.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-09
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 3 acts read
About the unread acts
We know of 3 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
3 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, Ciney · 1 establishment unit since 2011
Ground area
1,707 m²
Building footprint
125 m²
Parcel 91001B0049/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Bouchaille(Achêne) 14, 5590 Ciney
since 20112.203.032.425
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91001B0049/00B002 | Wallonia | 1,706 m² | 1 · 125 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
9845008BCFA2BEF98486
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,347 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
Founded26-09-2011
Fiscal year end31-03
Abbreviation FR
ESPIX
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839601811
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.