ESPIX NETWORK

Active Private limited companyfounded 2011active for 15 yearsRue de la Bouchaille (Achêne) 14, 5590 CineyKBO/BCE: BE 0839.601.811 #2 company by total assets in Ciney, Telecoms and IT sector

ESPIX NETWORK

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Overview

Lifetime

14 annual accounts with figures on one time axis

Compare with

Gross marginpeak €181,691 (2022)

€110,761▼ 21.7%

Resultlowest -€3,221 (2016)

€3,287▼ 62.8%

Equitypeak €262,825 (2026)

€262,825▲ 1.3%

Debts

€285,258▼ 5.5%

Staffpeak 1 FTE (2017)

-not published

Board2 names since 2022

1 directorGOUVERNEUR Thomas

Documentsfilings and deeds

05-11-20265 days late

2026abbreviated format

Gross margin from €141,437 to €110,761Result from €8,838 to €3,287Appointment: Vanessa Sculier (day-to-day manager) 20-10Cash from €105,792 to €69,343

Key points

from the 2026 annual accounts

Equity

€262,825 ▲ 1.3%

ESPIX NETWORK has made a profit without a break since 2018.

Investments

€314,041 5.6 × depreciation

Green is investment, beige is depreciation.

Filings

14 annual accounts since 2013

Three of the last ten came late. The 2020 accounts came latest: 18 days after the end of the period.

Checked score

Excellent

Financially stronger than 44% of micro companies in computer programming and consultancy (NACE 62)

Probability in this band: under 0.55%

Bankruptcy probability within 12 months 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,923 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026highest value

Financial strength

Strong

Solvency

71-27equity 46.2% of total assets

Liquidity

74-22short-term debt 6.2% · cash 18.8%

Profitability

71-4return on assets 1.6%

Score breakdown

raises risk

Figures for financial year 2025 (filed on 03-09-2025)

lowers risk

Sector: Computer programming, consultancy and related activities (NACE 62)

Liquidity: current ratio 6.30, cash €105,792

Size: total assets €561,386

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 40% of them on solvency, 57% on liquidity, 29% on profitability and 48% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-03-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 10,904 companies had the same profile as ESPIX NETWORK has now. Each dot stands for 28 companies, two years later.

95.2%

were still trading

4.0%

stopped another way

0.7%

went bankrupt

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

That fits the bankruptcy probability of ESPIX NETWORK itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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	3.0%	3.1%
10	5.6%	6.2%

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 10,904 companies, not a prediction for ESPIX NETWORK. 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 of up to €24,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.3 (4.37 in 2024), above the usual 1.5. Short-term debt is 6.2% and cash 18.8% of total assets. However, 53.8% of the assets are financed with debt and provisions.

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

Five signals.

lowers riskraises riskneutral

Figures for financial year 2025 (filed on 03-09-2025)

NBB · annual accounts

Sector: Computer programming, consultancy and related activities (NACE 62)

KBO

Liquidity: current ratio 6.30, cash €105,792

NBB · annual accounts

Size: total assets €561,386

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 05-11-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.

NBB · 11 filings

Deviation from the deadline

2026

5 days late

2025

58 days early

2024

160 days early

2023

5 days early

2022

3 days early

2021

4 days early

2020

18 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 26 October (4 of the last 5 accounts filed within 53 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

06-11-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

Vanessa Sculier

Daily manager

GOUVERNEUR Thomas

Director

Board & ownership

Recent changes

20-10-2026

Appointment: Vanessa Sculier (day-to-day manager) Board meeting of 16-10-2026 · Gazette deed

09-02-2024

Resignation: GOUVERNEUR Thomas (manager) Reappointment: GOUVERNEUR Thomas (director) · General meeting of 13-12-2023 · Gazette deed

26-09-2011

Incorporation published on 28-09-2011 · Gazette deed

26-09-2011

First establishment Rue de la Bouchaille (Achêne) 14, Ciney

All 25 events

Comparable companies

same main activity, similar in size and age

Company	Total assets	Gross margin	Solvency	Staff
ESPIX NETWORK Ciney	€548,083	€110,761	48.0%	-
AMETIS Brussels	€505,352	€114,853	78.2%	-
CAMELIDAE GROUP Mons	€572,183	€105,739	-17.1%	2.9
COMPUTING & DREAMS Zaventem	€495,292	€116,711	91.1%	-
7bytes Wuustwezel	€559,888	€124,483	93.8%	-
ART OF MIND Grobbendonk	€486,428	€109,987	68.8%	-
HENK LACOUR-CONNECT ADVICE Heuvelland	€540,956	€119,828	55.2%	-

These companies have the same main activity as ESPIX NETWORK: computer programming (NACE 62100). They are comparable in size and age: total assets between €486,000 and €572,000, founded between 2011 and 2013.

Official details

Source: KBO

Status: Active since 26-09-2011Normal situation
Activity: Computer programmingNACE 62100and 3 others
Establishment unit: 2.203.032.4255590 Ciney, since 26-09-2011
Financial year end: 31 March
Peppol: Reachable

Company details

Annual accounts to 31-03-2025

Gross margin: €141,437▲ 5.2%
Turnover: ≈ €200,000estimated
Profit: €8,838▼ 46.8%
Equity: €259,538▲ 3.5%
Total assets: €561,386▲ 62.4%
Employeeson 31-03-2025: 1=
Filing: Annual accounts to 31-03-2026 filed on 05-11-2026

Financials

Insights on ESPIX NETWORK

ESPIX NETWORK files the abbreviated format. That format states no turnover. The gross margin rose from €53,974 in 2013 to €110,761 in 2026.

The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.

In October 2026, the Official Gazette published the appointment of Vanessa Sculier as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

abbreviated format, filed on 05-11-2026, 5 days late

Gross margin

€110,761

▼ 21.7%

Operating result

€7,869

▼ 80.5%

EBITDA

€63,582

▼ 34.1%

Cash flow

€58,999

▼ 9.2%

Solvency

48.0%

▲ 1.7 percentage points

Current ratio

5.01

▼ 1.29

The turnover shown is an estimate from the gross margin.

Turnover ≈ €200,000. Estimated: probably between €180,000 and €290,000.

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

Money flows

no detail for 2026

Balance sheet

balance sheet total €548,083 on 31-03-2026

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency48.0%

Higher than 50% of 3,398 companies in 2025.

Current ratio5.01

Higher than 85% of 3,260 companies in 2025.

Return on assets0.6%

Higher than 33% of 3,308 companies in 2025.

ESPIX NETWORK Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

Staff

Staff cost per FTE€45,065

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Balance sheet: assets
Total assets`20/58`	548,083	561,386	345,648	332,096	333,563	223,924	256,852	244,506	213,715	132,921	110,866	116,876	119,426	84,192
Fixed assets`21/28`	354,227	342,247	86,664	55,115	81,948	107,686	117,832	121,598	100,649	42,193	34,765	45,812	49,796	8,699
Tangible fixed assets`22/27`	354,227	342,247	86,664	55,115	81,948	107,686	117,832	121,598	100,649	42,193	34,765	45,812	49,796	8,699
Land and buildings`22`	243,692	262,178	-	-	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	43,992	10,665	11,570	15,799	20,027	24,256	25,312	29,164	33,016	1,101	42	142	243	343
Furniture and vehicles`24`	66,543	69,404	75,094	38,933	60,943	81,805	90,177	90,932	65,436	38,020	30,774	42,647	46,015	7,314
Other tangible fixed assets`26`	-	-	-	384	978	1,624	2,343	1,502	2,197	3,073	3,948	3,023	3,538	1,042
Current assets`29/58`	193,857	219,138	258,984	276,981	251,615	116,238	139,020	122,908	113,066	90,728	76,102	71,064	69,631	75,493
Amounts receivable within one year`40/41`	41,503	33,442	35,736	50,186	93,883	45,565	58,831	67,909	66,660	53,163	52,786	52,962	35,144	42,553
Trade receivables`40`	27,694	25,029	25,622	49,537	93,883	43,394	56,660	56,549	52,828	47,857	52,600	52,611	32,259	34,791
Other amounts receivable`41`	13,809	8,414	10,114	649	-	2,171	2,171	11,360	13,833	5,306	186	350	2,885	7,763
Current investments`50/53`	79,000	79,000	59,000	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	69,343	105,792	162,562	226,529	155,251	68,331	80,189	54,999	46,405	37,565	23,316	16,997	34,307	32,793
Deferred charges and accrued income`490/1`	4,011	904	1,686	265	2,481	2,342	-	-	-	-	-	1,106	180	147
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	548,083	561,386	345,648	332,096	333,563	223,924	256,852	244,506	213,715	132,921	110,866	116,876	119,426	84,192
Equity`10/15`	262,825	259,538	250,700	234,083	188,750	113,180	78,381	50,982	42,883	42,445	43,071	46,292	43,429	44,822
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Contributions outside capital`11`	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-
Other`1109/19`	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-
Reserves`13`	198,550	195,263	186,426	169,808	124,475	48,906	31,724	23,919	20,610	20,610	20,610	20,610	20,610	20,610
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	18,750	18,750	48,298	18,750	24,532	18,750	18,750	22,059	18,750	18,750	18,750	18,750	18,750	18,750
Distributable reserves`133`	177,940	174,653	136,268	149,198	98,083	28,296	11,114	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	58,075	58,075	58,075	58,075	58,075	58,075	40,457	20,863	16,073	15,635	16,261	19,482	16,619	18,012
Amounts payable`17/49`	285,258	301,847	94,948	98,013	144,813	110,743	178,471	193,525	170,832	90,476	67,795	70,584	75,998	39,370
Amounts payable after more than one year`17`	246,546	266,426	35,406	4,485	26,997	50,247	73,152	49,585	50,322	27,305	15,632	26,975	29,706	2,903
Financial debts`170/4`	246,546	266,426	35,406	4,485	26,997	50,247	73,152	49,585	50,322	27,305	15,632	26,975	29,706	2,903
Amounts payable within one year`42/48`	38,712	34,792	59,242	93,528	117,816	60,496	105,319	143,940	120,511	63,171	52,163	43,609	45,791	35,967
Current portion of amounts payable after more than one year`42`	19,879	19,065	14,411	23,599	24,336	22,905	22,566	44,256	28,932	31,093	10,612	9,227	8,235	3,709
Trade debts`44`	4,971	6,145	6,408	24,399	56,412	16,409	37,820	51,542	60,090	28,932	34,447	23,195	29,907	27,634
Suppliers`440/4`	4,971	6,145	6,408	24,399	56,412	16,409	37,820	51,542	60,090	28,932	34,447	23,195	29,907	27,634
Taxes, remuneration and social security`45`	13,575	9,582	28,867	38,742	28,223	18,798	32,868	19,231	5,510	3,146	2,535	10,052	6,844	4,017
Taxes`450/3`	8,911	5,031	18,743	32,635	24,988	13,496	26,110	9,825	-	3,146	2,535	5,801	3,834	2,668
Remuneration and social security`454/9`	4,665	4,551	10,124	6,107	3,235	5,302	6,758	9,407	5,510	-	-	4,250	3,010	1,349
Other amounts payable`47/48`	286	-	9,556	6,788	8,844	2,384	12,065	28,911	25,979	-	4,569	1,135	806	608
Accrued charges and deferred income`492/3`	-	630	300	-	-	-	-	-	-	-	-	-	500	500
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	309,126
Gross operating margin`9900`	110,761	141,437	134,412	173,777	181,691	150,508	129,414	128,449	82,048	61,016	23,468	25,705	29,835	53,974
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	258,836
Remuneration, social security and pensions`62`	45,065	39,788	56,843	50,869	41,522	33,175	41,466	41,447	43,802	33,535	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	55,712	56,143	37,208	27,598	38,150	34,290	35,952	31,696	26,627	18,925	16,955	15,779	14,277	11,718
Other operating charges`640/8`	2,114	5,099	3,753	1,849	8,482	31,089	8,987	28,714	5,061	4,760	1,536	1,467	6,901	3,031
Operating profit (loss)`9901`	7,869	40,408	36,608	93,462	93,537	51,954	43,009	26,592	6,559	3,796	4,977	8,459	8,658	39,225
Financial income`75/76B`	1,040	1,057	601	27	-	-	32	37	161	40	71	326	716	263
Recurring financial income`75`	1,040	1,057	601	27	-	-	32	37	161	40	71	326	716	263
Financial charges`65/66B`	11,528	8,307	5,512	1,864	3,884	1,756	2,222	3,116	1,523	1,317	1,487	1,609	1,807	814
Recurring financial charges`65`	11,528	8,307	5,512	1,864	3,884	1,756	2,222	3,116	1,523	1,317	1,487	1,609	1,807	814
Profit (loss) for the period before taxes`9903`	-2,619	33,158	31,697	91,625	89,653	50,198	40,819	23,513	5,197	2,519	3,561	7,175	7,567	38,674
Income taxes`67/77`	-5,906	24,320	15,080	46,292	14,084	15,398	13,421	15,414	4,759	3,146	6,782	4,312	8,154	53
Profit (loss) for the period`9904`	3,287	8,838	16,617	45,334	75,569	34,800	27,399	8,099	438	-626	-3,221	2,863	-587	38,622
Transfer to tax-exempt reserves`689`	-	-	3,678	1,338	6,236	7,182	7,805	3,309	-	-	-	-	-	18,750
Profit (loss) for the period to be appropriated`9905`	3,287	8,838	12,939	43,996	69,333	27,618	19,594	4,790	438	-626	-3,221	2,863	-587	19,872
Appropriation of the result
Profit (loss) to be appropriated`9906`	61,362	66,913	71,013	102,071	127,408	68,075	40,457	20,863	16,073	15,635	16,261	19,482	17,425	19,872
Profit (loss) brought forward from the previous period`14P`	58,075	58,075	58,075	58,075	58,075	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	3,287	8,838	12,939	43,996	69,333	10,000	-	-	-	-	-	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	3,287	8,838	12,939	43,996	69,333	10,000	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	806	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	806	-
Social balance sheet
Average staff (FTE)`9087`	1	1	1	1	1	1	1	1	1	1	-	-	-	-
Hours worked`1013`	1,147	1,284	1,760	1,655	1,565	1,495	1,489	1,436	2,035	2,025	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 6 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 2026 at the NBB, filed on 05-11-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2026 annual accounts filed 5 days after the deadline. Filed on 5 November 2026, deadline 31 October 2026 (7 months after the close on 31 March 2026, Companies Code art. 3:10). Source: NBB, 2026-00602312.

Financial year	Type	Filed	Reference	Document
31-03-2026	abbreviated format	05-11-2026	2026-00602312	PDF
31-03-2025	micro format	03-09-2025	2025-00475373	PDF
31-03-2024	micro format	24-05-2024	2024-00094666	PDF
31-03-2023	micro format	26-10-2023	2023-00492483	PDF
31-03-2022	micro format	28-10-2022	2022-20475569	PDF
31-03-2021	micro format	27-10-2021	2021-74300498	PDF
31-03-2020	micro format	18-11-2020	2020-71500543	PDF
31-03-2019	full format	12-11-2019	2019-73500572	PDF
31-03-2018	full format	26-09-2018	2018-65700265	PDF
31-03-2017	full format	20-09-2017	2017-61800059	PDF
31-03-2016	full format	22-09-2016	2016-61000041	PDF
31-03-2015	full format	29-09-2015	2015-62700485	PDF
31-03-2014	full format	23-05-2014	2014-13400369	PDF
31-03-2013	full format	22-05-2013	2013-13000225	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
EBITDA	63,582	96,550	73,816	121,059	131,687	86,244	78,961	58,289	33,185	22,721	21,933	24,238	22,935	50,943
Cash flow	58,999	64,980	53,825	72,932	113,719	69,090	63,350	39,796	27,065	18,299	13,734	18,643	13,690	50,339
Investment in fixed assets	62,566	314,041	70,634	14,677	12,413	58,657	59,301	108,431	94,403	34,781	5,908	11,795	59,687	19,433
Change in cash	-36,449	-56,770	-63,967	71,278	86,920	-11,858	25,190	8,593	8,841	14,249	6,319	-17,310	1,514	-
Working capital	155,145	184,347	199,742	183,452	133,799	55,742	33,701	-21,032	-7,445	27,557	23,939	27,456	23,839	39,526
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	12.7%
Solvency	48.0%	46.2%	72.5%	70.5%	56.6%	50.5%	30.5%	20.9%	20.1%	31.9%	38.8%	39.6%	36.4%	53.2%
Current ratio	5.01	6.30	4.37	2.96	2.14	1.92	1.32	0.85	0.94	1.44	1.46	1.63	1.52	2.10
Debt to equity	1.09	1.16	0.38	0.42	0.77	0.98	2.28	3.80	3.98	2.13	1.57	1.52	1.75	0.88
ROE	1.3%	3.4%	6.6%	19.4%	40.0%	30.7%	35.0%	15.9%	1.0%	-1.5%	-7.5%	6.2%	-1.4%	86.2%
ROA	0.6%	1.6%	4.8%	13.7%	22.7%	15.5%	10.7%	3.3%	0.2%	-0.5%	-2.9%	2.4%	-0.5%	45.9%
Interest coverage	5.52	11.62	13.39	64.96	33.91	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	41 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	39 days

EBIT margin: not included in this filing.

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	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Employees at the balance-sheet date	1	1	1	1	1
full-time	1	1	1	1	1
in full-time equivalents	1	1	1	1	1
Average over the year, in full-time equivalents	1	1	1	1	1
On a permanent contract	1	1	1	1	1

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€314,041	€70,634	€14,677	€12,413
Depreciation and write-downs of the year	€56,143	€37,208	€27,598	€38,150

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on ESPIX NETWORK

The operating result for 2026 is 81% lower than in 2025 and the lowest since 2018.

Debt's share of the balance-sheet total falls from 53.8% to 52.0%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, 1 in day-to-day management, last change in October 2026

GOUVERNEUR Thomas

Director (not named in the articles)

in office according to the deed of 09-02-2024 term without a fixed end

earlier manager, until 09-02-2024

listed in the 2025 annual accounts, filed on 03-09-2025

Vanessa Sculier

Day-to-day manager

appointed by deed of 20-10-2026 term without a fixed end

Day-to-day management: Vanessa Sculier
Signing authority: “Article 12 - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 09-02-2024

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

GOUVERNEUR Thomas
Director (not named in the articles)

Vanessa Sculier
Day-to-day manager

LeadershipBoardEarliermandate already running before its first mention

Mandates as a list

GOUVERNEUR Thomas
- Director (not named in the articles), since before 31-03-2022
- Manager, until 09-02-2024
Vanessa Sculier
- Day-to-day manager, appointed by deed of 20-10-2026, still in office

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

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €6,200
Source: 2025 annual accounts

Articles of association

deed of 09-02-2024 (in French)

Duration: Unlimited
Kind of shares: 100 shares
Annual meeting: Second Friday of September at 18:00

Network & group

No group

ESPIX NETWORK has no parent and no holdings in its annual accounts. GOUVERNEUR Thomas is the only director. ESPIX NETWORK shares no director with another company.

The LEI register names no parent.

Timeline

25 events since 2011

Board

Filings

Financial

Establishments

20122014201620182020202220242026

Deadline for the 2027 accounts: 31-10-2027

2026

05-11-2026

Annual accounts 2026 filed NBBabbreviated format · 5 days late

20-10-2026

Appointment: Vanessa Sculier (day-to-day manager)Board meeting of 16-10-20262 points ▸

Board meeting, 16-10-2026
Director appointment, Vanessa Sculier (day-to-day manager)

Open the deed in the Belgian Official Gazette

2025

03-09-2025

Annual accounts 2025 filed PDFmicro format · 58 days before the deadline

2024

24-05-2024

Annual accounts 2024 filed PDFmicro format · 160 days before the deadline

09-02-2024

Resignation: GOUVERNEUR Thomas (manager)Reappointment: GOUVERNEUR Thomas (director) · General meeting of 13-12-20234 points ▸

Director resignation, GOUVERNEUR Thomas (manager)
Director reappointment, GOUVERNEUR Thomas (director (not named in the articles))
Registered office clause, Rue de la Bouchaille 14, 5590 Achêne (Ciney)
General meeting, 13-12-2023
The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2023

26-10-2023

Annual accounts 2023 filed PDFmicro format · 5 days before the deadline

31-03-2023

Equity above €200,000 equity €234,083 ▲24% After 6 profitable years in a row, equity reaches €234,083.

2022

28-10-2022

Annual accounts 2022 filed PDFmicro format · 3 days before the deadline

31-03-2022

Highest result from 2013 to 2026 net €75,569 ▲117% The operating result of €93,537 and the net result of €75,569 are both a record.

31-03-2022

Equity above €150,000 equity €188,750 ▲66.8% After 5 profitable years in a row, equity reaches €188,750.

2021

27-10-2021

Annual accounts 2021 filed PDFmicro format · 4 days before the deadline

31-03-2021

Equity above €100,000 equity €113,180 ▲44.4% After 4 profitable years in a row, equity reaches €113,180.

2020

18-11-2020

Annual accounts 2020 filed PDFmicro format · 18 days late

2019

12-11-2019

Annual accounts 2019 filed PDFfull format · 12 days late

2018

26-09-2018

Annual accounts 2018 filed PDFfull format · 35 days before the deadline

31-03-2018

Back to profit net €438 The net result is €438, after 2 loss-making years.

2017

20-09-2017

Annual accounts 2017 filed PDFfull format · 41 days before the deadline

2016

22-09-2016

Annual accounts 2016 filed PDFfull format · 39 days before the deadline

31-03-2016

Weakest financial year net -€3,221 The net result drops to -€3,221, the lowest from 2013 to 2026. It recovers the following year.

2015

29-09-2015

Annual accounts 2015 filed PDFfull format · 32 days before the deadline

31-03-2015

Back to profit net €2,863 The net result is €2,863, after one loss-making year.

2014

23-05-2014

Annual accounts 2014 filed PDFfull format · 161 days before the deadline

2013

22-05-2013

Annual accounts 2013 filed PDFfull format · 162 days before the deadline

2011

26-09-2011

Incorporation PDFpublished on 28-09-2011

26-09-2011

First establishment Rue de la Bouchaille (Achêne) 14, Ciney

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

ESPIX NETWORK was incorporated on 26 September 2011.¹ Total assets rose from €244,506 in 2019 to €561,386 in 2025 and headcount from 1 to 1 full-time equivalents.²

Company details

Identity

Enterprise number: 0839.601.811
VAT number: BE 0839.601.811
Peppol ID: 0208:0839601811
LEI code: 9845008BCFA2BEF98486 live in the LEI register
Legal form: Private limited company
Status: Active, normal situation
Founded: 26-09-2011
Financial year: ends on 31 March
Annual meeting: Second Friday of September at 18:00
deed of 09-02-2024 (in French)
Website: https://espix.net per the Peppol Directory
Peppol: Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name: ESPIX NETWORK in French
Abbreviation: ESPIX in French
Entity type: Legal entity
Duration: Unlimited
deed of 09-02-2024 (in French)

Activities

NACEBEL 2025

VAT activities

62100 Computer programming main activity

62200 Computer consultancy and computer facilities management

62900 Other information technology and computer services

63100 Computing infrastructure, data processing, hosting and related activities

Social security (RSZ) activities

62100 Computer programming main activity

Codes under NACEBEL 2008

VAT activities

62010 Computer programming, consultancy and related activities main activity

62020 IT consultancy

62030 Computer programming, consultancy and related activities

62090 Computer programming, consultancy and related activities

63110 Computing infrastructure, data processing, hosting and other information service activities

Social security (RSZ) activities

62010 Computer programming, consultancy and related activities main activity

Purpose: “L'informatique; L'audio-visuel au sens large y compris la production,la réalisation,l'émission et la retransmission de programmes…”
10 activities
L'informatique
L'audio-visuel au sens large y compris la production,la réalisation,l'émission et la retransmission de programmes
L'internet
La communication
La publicité au sens large
L'innovation
La bio-informatique
Le droit informatique
Toutes activités en rapport avec la conception,la réalisation,la promotion,l'organisation et la gestion de tous types d'évènements en ce compris la vente et la location de matériel s'y rapportant
Tout acte en gros ou au détail,import,export,réparation,service,bureau d'étude,recherche et développement,la robotique ainsi que la création et la vente de jeux et de divertissements divers
deed of 09-02-2024 (in French)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Rue de la Bouchaille (Achêne) 14 registered office 5590 Ciney	26-09-2011	2.203.032.425

Buildings and parcels at the address

Ground area: 1,707 m²
Buildings: 125 m²
Volume, LiDAR: 784 m³
Tallest building: 8.1 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
91001B0049/00B002	1,706 m²	1 · 125 m²	8.1 m · 2

Overview

Lifetime

Key points

Equity

Investments

Filings

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts to 31-03-2025

Insights on ESPIX NETWORK

Financials

Annual accounts 2026

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency48.0%

Current ratio5.01

Return on assets0.6%

Staff

Staff cost per FTE€45,065

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on ESPIX NETWORK

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels