Esplendido
ActiveEsplendido has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-51k) and a net result of €-2k. Equity is shrinking by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 4610 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
28
/ 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
Profitability36▲+36
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.28 in 2024; short-term debt: 205.4% and cash: 2.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-105.4%
Return on assets
-3.9%
Age of the figures
18 mo
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 €-51k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-11-2025, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
3 d late
2024
3 d early
2023
8 d early
2022
32 d early
2021
4 d early
2020
15 d early
2019
193 d late
← 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 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-51k▼ 3.8%
2024 · €-49k
2019: €3k
2020: €-2k
2021: €-16k
2022: €-33k
2023: €-29k
2024: €-49k
2019 → 2025
Total assets
€48k▲ 87.7%
2024 · €26k
2019: €305k
2020: €273k
2021: €250k
2022: €244k
2023: €218k
2024: €26k
2019 → 2025
Net result
€-2k▲ 90.7%
2024 · €-20k
2019: €21k
2020: €-5k
2021: €-14k
2022: €-17k
2023: €4k
2024: €-20k
2019 → 2025
Working capital
€-70k▼ 32.9%
2024 · €-52k
2019: €-46k
2020: €-44k
2021: €-53k
2022: €-40k
2023: €-53k
2024: €-52k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-16k-€-33k▼ 110%€-29k▲ 12.0%€-49k▼ 69.3%€-51k▼ 3.8%
Operating result€-9k-€-12k▼ 29.0%€8k€-12k€-1k▲ 90.8%
Net result€-14k-€-17k▼ 26.3%€4k€-20k€-2k▲ 90.7%
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 €1k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€19k▲ 271%
Current assets
€30k▲ 43.4%
Key figures and ratios
EBITDA
€2k▲
2024 · €-10k
Cash flow
€1k▲
2024 · €-18k
Solvency
-105.4%▲
2024 · -190.5%
Current ratio
0.30▲
2024 · 0.28
Quick ratio
0.30▲
2024 · 0.28
Debt / equity
-1.95▼
2024 · -1.52
ROA
-3.9%▲
2024 · -78.0%
Interest coverage
2.71▲
2024 · -1.33
Debt
€99k▲
2024 · €75k
Debt ≤ 1 year
€99k▲
2024 · €73k
Staff costs
€-13▼
2024 · €4k
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€26k€48k▲
Formation expenses20€0€0=
Fixed assets21/28€5k€19k▲
Tangible fixed assets22/27€5k€19k▲
Plant, machinery and equipment23-€908
Furniture and vehicles24-€15k
Leasing and similar rights25€5k€2k▼
Financial fixed assets28€200-
Current assets29/58€21k€30k▲
Amounts receivable within one year40/41€9k€28k▲
Trade receivables40€5k€27k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€12k€1k▼
Deferred charges and accrued income490/1-€72
Equity and liabilities
Total equity and liabilities10/49€26k€48k▲
Equity10/15€-49k€-51k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-55k€-57k▼
Amounts payable17/49€75k€99k▲
Amounts payable after more than one year17€440-
Financial debts170/4€440-
Amounts payable within one year42/48€73k€99k▲
Current portion of amounts payable after more than one year42€7k€690▼
Trade debts44€5k€26k▲
Suppliers440/4€469€22k▲
Bills of exchange payable441€4k€4k=
Taxes, remuneration and social security45€19€3k▲
Taxes450/3€19€212▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€61k€69k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€4k€-13▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€2k€5k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€-3k€7k▲
Operating profit (loss)9901€-12k€-1k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€8k€734▼
Recurring financial charges65€8k€734▼
Profit (loss) for the period before taxes9903€-20k€-2k▲
Profit (loss) for the period9904€-20k€-2k▲
Profit (loss) for the period to be appropriated9905€-20k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-57k▼
Profit (loss) brought forward from the previous period14P€-35k€-55k▼
The notes to these accounts (9 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
03-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-20k ▼608%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 193 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Niklaas · 1 establishment unit since 2016
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.
Kleemstraat 159111 Sint-NiklaasGround area
9,723 m²
Building footprint
532 m²
Volume, LiDAR
5,685 m³
Parcel 46002C0507/00W000, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Esplendido
since 20162.254.402.536
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0507/00W000 | Flanders | 9,723 m² | 1 · 532 m² | 13.2 m · 4 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
2023 · 1 entry · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,080 EUR | 1,080 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,711 companies in sector 96230 we hold annual accounts for 629. 255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-02-2016
Fiscal year end31-03
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
93130Fitness centres
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.