Esplendor
ActiveSummary
Esplendor has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €73k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-14
Solvency30▼-70
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 5.72 in 2024; short-term debt: 25.1% and cash: 9.6% of total assets), and 94.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
5.1%
Return on assets
14.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 16618 sector peers (2025).
NBB · sector comparisonPosition among 16618 sector peers
Solvency
better than 10%
← 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 31-03-2026, 122 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
122 d early
2024
127 d early
2023
111 d early
2022
35 d early
2021
23 d early
2020
85 d early
2019
36 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 62.2%
2024 · €70k
2018: €61k
2019: €81k▲ +32.4% vs 2018highest in 8 years
2020: €74k▼ -8.6% vs 2019
2021: €74k▲ +0.1% vs 2020
2022: €38k▼ -48.1% vs 2021
2023: €19k▼ -51.0% vs 2022lowest in 8 years
2024: €70k▲ +273% vs 2023
2025: €26k▼ -62.2% vs 2024
2018 → 2025
Total assets
€516k▲ 515%
2024 · €84k
2018: €77klowest in 8 years
2019: €107k▲ +38.7% vs 2018
2020: €133k▲ +24.4% vs 2019
2021: €120k▼ -9.7% vs 2020
2022: €142k▲ +18.0% vs 2021
2023: €94k▼ -33.8% vs 2022
2024: €84k▼ -10.7% vs 2023
2025: €516k▲ +515% vs 2024highest in 8 years
2018 → 2025
Net result
€73k▲ 42.5%
2024 · €51k
2018: €18klowest in 8 years
2019: €22k▲ +24.3% vs 2018
2020: €25k▲ +15.5% vs 2019
2021: €32k▲ +25.6% vs 2020
2022: €51k▲ +62.6% vs 2021
2023: €39k▼ -23.4% vs 2022
2024: €51k▲ +29.9% vs 2023
2025: €73k▲ +42.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€51k▼ 22.8%
2024 · €66k
2018: €51k
2019: €73k▲ +43.3% vs 2018highest in 8 years
2020: €67k▼ -8.3% vs 2019
2021: €69k▲ +2.9% vs 2020
2022: €36k▼ -48.6% vs 2021
2023: €18k▼ -49.6% vs 2022lowest in 8 years
2024: €66k▲ +271% vs 2023
2025: €51k▼ -22.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€38k▼ 48.1%€19k▼ 51.0%€70k▲ 273%€26k▼ 62.2%
2021: €74khighest in 5 years
2022: €38k▼ -48.1% vs 2021
2023: €19k▼ -51.0% vs 2022lowest in 5 years
2024: €70k▲ +273% vs 2023
2025: €26k▼ -62.2% vs 2024
Operating result€45k-€71k▲ 58.9%€54k▼ 24.2%€72k▲ 32.8%€93k▲ 29.3%
2021: €45klowest in 5 years
2022: €71k▲ +58.9% vs 2021
2023: €54k▼ -24.2% vs 2022
2024: €72k▲ +32.8% vs 2023
2025: €93k▲ +29.3% vs 2024highest in 5 years
Net result€32k-€51k▲ 62.6%€39k▼ 23.4%€51k▲ 29.9%€73k▲ 42.5%
2021: €32klowest in 5 years
2022: €51k▲ +62.6% vs 2021
2023: €39k▼ -23.4% vs 2022
2024: €51k▲ +29.9% vs 2023
2025: €73k▲ +42.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €516k
Fixed assets
€335k ▲ 9,445%
Current assets
€181k ▲ 125%
Equity and liabilities €516k
Equity
€26k ▼ 62.2%
Debt
€489k ▲ 3,384%
Debt's share of the balance-sheet total rises from 16.7% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€94k▲
2024 · €73k
Cash flow
€74k▲
2024 · €52k
Current ratio
1.40▼
2024 · 5.72
Debt to equity
18.52▲
2024 · 0.20
ROE
275.6%▲
2024 · 73.2%
ROA
14.1%▼
2024 · 60.9%
Interest coverage
24.61▼
2024 · 1011.27
Debt ≤ 1 year
€129k▲
2024 · €14k
Debt > 1 year
€360k
Income taxes
€17k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€516k▲
Fixed assets21/28€4k€335k▲
Tangible fixed assets22/27€4k€335k▲
Land and buildings22-€300k
Plant, machinery and equipment23€3k€35k▲
Furniture and vehicles24€52€0▼
Other tangible fixed assets26€134€12▼
Current assets29/58€80k€181k▲
Amounts receivable within one year40/41€12k€29k▲
Trade receivables40€12k€11k▼
Other amounts receivable41-€18k
Current investments50/53-€100k
Cash at bank and in hand54/58€69k€49k▼
Deferred charges and accrued income490/1€30€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€516k▲
Equity10/15€70k€26k▼
Contributions10/11€19k€19k=
Reserves13€51k€8k▼
Distributable reserves133€51k€8k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€14k€489k▲
Amounts payable after more than one year17-€360k
Financial debts170/4-€360k
Amounts payable within one year42/48€14k€129k▲
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€846▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€5k€125k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€959€895▼
Other operating charges640/8€505€958▲
Non-recurring operating charges66A-€19k
Gross operating margin9900€73k€113k▲
Operating profit (loss)9901€72k€93k▲
Financial income75/76B-€751
Recurring financial income75-€751
Financial charges65/66B€72€4k▲
Recurring financial charges65€72€4k▲
Profit (loss) for the period before taxes9903€72k€90k▲
Income taxes67/77€21k€17k▼
Profit (loss) for the period9904€51k€73k▲
Profit (loss) for the period to be appropriated9905€51k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€73k▲
Transfer from equity791/2-€116k
Transfer to equity691/2€51k€73k▲
To other reserves6921€51k€73k▲
Profit to be distributed694/7-€116k
Return on contributions (dividend)694-€116k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €959 | €895 | ▼ 6.7% |
| Other operating charges640/8 | €449 | €450 | €722 | €505 | €958 | ▲ 89.5% |
| Non-recurring operating charges66A | - | - | - | - | €19k | - |
| Gross operating margin9900 | €47k | €74k | €57k | €73k | €113k | ▲ 54.6% |
| Operating profit (loss)9901 | €45k | €71k | €54k | €72k | €93k | ▲ 29.3% |
| Financial income75/76B | €8 | €0 | €2k | - | €751 | - |
| Recurring financial income75 | €8 | €0 | €2k | - | €751 | - |
| Financial charges65/66B | €72 | €107 | €72 | €72 | €4k | ▲ 5,193% |
| Recurring financial charges65 | €72 | €107 | €72 | €72 | €4k | ▲ 5,193% |
| Profit (loss) for the period before taxes9903 | €45k | €71k | €56k | €72k | €90k | ▲ 25.1% |
| Income taxes67/77 | €13k | €20k | €16k | €21k | €17k | ▼ 17.7% |
| Profit (loss) for the period9904 | €32k | €51k | €39k | €51k | €73k | ▲ 42.5% |
| Profit (loss) for the period to be appropriated9905 | €32k | €51k | €39k | €51k | €73k | ▲ 42.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120k | €142k | €94k | €84k | €516k | ▲ 515% |
| Fixed assets21/28 | €5k | €3k | €865 | €4k | €335k | ▲ 9,445% |
| Tangible fixed assets22/27 | €5k | €3k | €865 | €4k | €335k | ▲ 9,445% |
| Land and buildings22 | - | - | - | - | €300k | - |
| Plant, machinery and equipment23 | - | - | - | €3k | €35k | ▲ 966% |
| Furniture and vehicles24 | €3k | €2k | €531 | €52 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €2k | €943 | €333 | €134 | €12 | ▼ 91.2% |
| Current assets29/58 | €116k | €139k | €93k | €80k | €181k | ▲ 125% |
| Amounts receivable within one year40/41 | €7k | €12k | €11k | €12k | €29k | ▲ 146% |
| Trade receivables40 | €7k | €12k | €11k | €12k | €11k | ▼ 3.5% |
| Other amounts receivable41 | - | - | - | - | €18k | - |
| Current investments50/53 | - | €75k | - | - | €100k | - |
| Cash at bank and in hand54/58 | €107k | €52k | €82k | €69k | €49k | ▼ 28.0% |
| Deferred charges and accrued income490/1 | €939 | €319 | €495 | €30 | €2k | ▲ 7,738% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120k | €142k | €94k | €84k | €516k | ▲ 515% |
| Equity10/15 | €74k | €38k | €19k | €70k | €26k | ▼ 62.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €55k | €20k | €155 | €51k | €8k | ▼ 84.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €53k | €18k | €155 | €51k | €8k | ▼ 84.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €47k | €104k | €75k | €14k | €489k | ▲ 3,384% |
| Amounts payable after more than one year17 | - | - | - | - | €360k | - |
| Financial debts170/4 | - | - | - | - | €360k | - |
| Amounts payable within one year42/48 | €47k | €104k | €75k | €14k | €129k | ▲ 821% |
| Trade debts44 | €1k | €2k | €4k | €5k | €1k | ▼ 70.5% |
| Suppliers440/4 | €1k | €2k | €4k | €5k | €1k | ▼ 70.5% |
| Taxes, remuneration and social security45 | €5k | €9k | €2k | €5k | €3k | ▼ 36.1% |
| Taxes450/3 | €3k | €9k | €2k | €5k | €846 | ▼ 81.9% |
| Remuneration and social security454/9 | €2k | - | - | - | €2k | - |
| Other amounts payable47/48 | €40k | €92k | €69k | €5k | €125k | ▲ 2,610% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €51k | €39k | €51k | €73k | ▲ 42.5% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €959 | €895 | ▼ 6.7% |
| Operating cash flow (approximation) | €33k | €53k | €41k | €52k | €74k | ▲ 41.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €-333k | ▼ 9,122% |
| Change in cash | - | €-56k | €30k | €-13k | €-19k | ▼ 48.3% |
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
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €73k ▲42.5%
Operating result €93k, net result €73k, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 5.72
Current ratio from 1.24 to 5.72; short-term debt falls from €75k to €14k.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Edegem · 1 establishment unit since 2016
Ground area
169 m²
Building footprint
79 m²
Volume, LiDAR
596 m³
Parcel 11013A0030/00K020, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Esplendor
since 20162.259.883.234
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0030/00K020 | Flanders | 169 m² | 1 · 79 m² | 11.0 m · 3 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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Of 6,942 companies in sector 86230 we hold annual accounts for 4,293. 2,439 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
Founded07-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
Scores and ratios are computed by Checked and are not a credit decision.