ESPRITT
ActiveSummary
ESPRITT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €458,600 and a net result of €8,139. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+9
Solvency73▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.89 in 2024; short-term debt: 50.4% and cash: 4.2% of total assets), but 52.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
47.7%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
61 d late
2023
61 d late
2022
59 d late
2021
3 d early
2020
2 d early
2019
7 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 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€458,600▲ 1.8%
2024 · €450,462
Total assets
€961,420▲ 4.6%
2024 · €918,965
Net result
€8,139▼ 18.1%
2024 · €9,933
Working capital
€420,522▲ 8.6%
2024 · €387,263
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€185,704▲ 28.7%€186,835▲ 0.6%€23,028▼ 87.7%€36,563▲ 58.8%€28,463▼ 22.2%
Net result€97,802within the sector's middle half▼ 15.3%€105,843within the sector's middle half▲ 8.2%€10,652within the sector's middle half▼ 89.9%€9,933within the sector's middle half▼ 6.8%€8,139within the sector's middle half▼ 18.1%
Equity€324,034within the sector's middle half▲ 43.2%€429,877within the sector's middle half▲ 32.7%€440,529within the sector's middle half▲ 2.5%€450,462within the sector's middle half▲ 2.3%€458,600within the sector's middle half▲ 1.8%
Total assets€1.5mwithin the sector's middle half▲ 37.0%€1.1mwithin the sector's middle half▼ 30.8%€1.0mwithin the sector's middle half▼ 3.5%€918,965within the sector's middle half▼ 9.3%€961,420within the sector's middle half▲ 4.6%
Debt€1.2m▲ 35.4%€620,198▼ 48.0%€572,776▼ 7.6%€468,503▼ 18.2%€502,820▲ 7.3%
Working capital€711,764within the sector's middle half▲ 109%€466,380within the sector's middle half▼ 34.5%€379,328within the sector's middle half▼ 18.7%€387,263within the sector's middle half▲ 2.1%€420,522within the sector's middle half▲ 8.6%
Solvency21.4%within the sector's middle half▲ 0.9pp40.9%within the sector's middle half▲ 19.6pp43.5%within the sector's middle half▲ 2.5pp49.0%within the sector's middle half▲ 5.5pp47.7%within the sector's middle half▼ 1.3pp
Current ratio2.21within the sector's middle half▲ 0.702.13within the sector's middle half▼ 0.081.74within the sector's middle half▼ 0.391.89within the sector's middle half▲ 0.151.87within the sector's middle half▼ 0.02
Return on assets (ROA)6.4%within the sector's middle half▼ 4.0pp10.1%within the sector's middle half▲ 3.6pp1.1%within the sector's middle half▼ 9.0pp1.1%within the sector's middle half=0.8%within the sector's middle half▼ 0.2pp
Staff (FTE)5.1within the sector's middle half▲ 88.9%5within the sector's middle half▼ 2.0%2.5within the sector's middle half▼ 50.0%3.5within the sector's middle half▲ 40.0%3.4within the sector's middle half▼ 2.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €961,420
Fixed assets
€56,255 ▼ 40.9%
Current assets
€905,165 ▲ 9.9%
Equity and liabilities €961,420
Equity
€458,600 ▲ 1.8%
Debt
€502,820 ▲ 7.3%
Debt's share of the balance-sheet total rises from 51.0% to 52.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,356▼
2024 · €74,134
Cash flow
€46,032▼
2024 · €47,504
Quick ratio
0.53▼
2024 · 0.65
Debt to equity
1.10▲
2024 · 1.04
ROE
1.8%▼
2024 · 2.2%
Interest coverage
4.16▲
2024 · 3.08
Debt ≤ 1 year
€484,643▲
2024 · €436,583
Debt > 1 year
€14,420▼
2024 · €29,467
Income taxes
€4,623▲
2024 · €3,659
Staff costs
€250,717▲
2024 · €237,252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €274,208 | €279,588 | €162,022 | €237,252 | €250,717 | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,533 | €33,540 | €32,980 | €37,571 | €37,893 | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €17,558 | €52,590 | €28,386 | €11,003 | €13,862 | ▲ 26.0% |
| Non-recurring operating charges66A | - | - | €76,476 | €0 | €969 | - |
| Gross operating margin9900 | €515,003 | €552,553 | €322,892 | €322,389 | €331,904 | ▲ 3.0% |
| Operating profit (loss)9901 | €185,704 | €186,835 | €23,028 | €36,563 | €28,463 | ▼ 22.2% |
| Financial income75/76B | €11,079 | €17,194 | €280 | €1,060 | €235 | ▼ 77.8% |
| Recurring financial income75 | €11,079 | €17,194 | €280 | €1,060 | €235 | ▼ 77.8% |
| Financial charges65/66B | €55,281 | €62,208 | €12,703 | €24,031 | €15,936 | ▼ 33.7% |
| Recurring financial charges65 | €55,281 | €62,208 | €12,703 | €24,031 | €15,936 | ▼ 33.7% |
| Profit (loss) for the period before taxes9903 | €141,502 | €141,822 | €10,605 | €13,592 | €12,762 | ▼ 6.1% |
| Income taxes67/77 | €43,700 | €35,978 | -€47 | €3,659 | €4,623 | ▲ 26.3% |
| Profit (loss) for the period9904 | €97,802 | €105,843 | €10,652 | €9,933 | €8,139 | ▼ 18.1% |
| Transfer from tax-exempt reserves789 | €37,500 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €135,302 | €105,843 | €10,652 | €9,933 | €8,139 | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.1m | €1.0m | €918,965 | €961,420 | ▲ 4.6% |
| Fixed assets21/28 | €216,871 | €171,031 | €119,256 | €95,118 | €56,255 | ▼ 40.9% |
| Intangible fixed assets21 | - | - | €3,447 | €4,758 | €2,486 | ▼ 47.7% |
| Tangible fixed assets22/27 | €216,871 | €171,031 | €115,808 | €90,360 | €53,769 | ▼ 40.5% |
| Plant, machinery and equipment23 | €40,736 | €7,718 | €4,143 | €9,626 | €5,706 | ▼ 40.7% |
| Furniture and vehicles24 | €101,517 | €138,059 | €80,918 | €52,705 | €25,153 | ▼ 52.3% |
| Leasing and similar rights25 | €50,540 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €24,077 | €25,253 | €30,747 | €28,029 | €22,911 | ▼ 18.3% |
| Current assets29/58 | €1.3m | €879,045 | €894,049 | €823,847 | €905,165 | ▲ 9.9% |
| Stocks and contracts in progress3 | €690,017 | €329,879 | €563,191 | €539,405 | €647,200 | ▲ 20.0% |
| Stocks30/36 | €690,017 | €329,879 | €563,191 | €539,405 | €647,200 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €374,694 | €388,957 | €274,710 | €272,546 | €215,741 | ▼ 20.8% |
| Trade receivables40 | €374,694 | €388,957 | €274,666 | €272,546 | €215,741 | ▼ 20.8% |
| Other amounts receivable41 | - | - | €45 | €0 | - | - |
| Cash at bank and in hand54/58 | €235,934 | €160,208 | €53,703 | €10,303 | €40,573 | ▲ 294% |
| Deferred charges and accrued income490/1 | - | - | €2,445 | €1,592 | €1,651 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.1m | €1.0m | €918,965 | €961,420 | ▲ 4.6% |
| Equity10/15 | €324,034 | €429,877 | €440,529 | €450,462 | €458,600 | ▲ 1.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €304,000 | €409,500 | €420,529 | €430,462 | €438,600 | ▲ 1.9% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €302,000 | €407,500 | €420,529 | €430,462 | €438,600 | ▲ 1.9% |
| Profit (loss) carried forward14 | €34 | €377 | €0 | - | - | - |
| Amounts payable17/49 | €1.2m | €620,198 | €572,776 | €468,503 | €502,820 | ▲ 7.3% |
| Amounts payable after more than one year17 | €602,101 | €204,534 | €57,145 | €29,467 | €14,420 | ▼ 51.1% |
| Financial debts170/4 | €602,101 | €204,534 | €57,145 | €29,467 | €14,420 | ▼ 51.1% |
| Amounts payable within one year42/48 | €588,880 | €412,665 | €514,721 | €436,583 | €484,643 | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | €84,295 | €40,627 | €26,870 | €27,651 | €15,048 | ▼ 45.6% |
| Financial debts43 | - | - | €239,000 | €106,950 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €239,000 | €106,950 | €0 | ▼ 100% |
| Trade debts44 | €358,155 | €227,190 | €31,441 | €155,220 | €53,037 | ▼ 65.8% |
| Suppliers440/4 | €358,155 | €227,190 | €31,441 | €155,220 | €53,037 | ▼ 65.8% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €140,201 | €132,231 | €104,313 | €80,932 | €108,381 | ▲ 33.9% |
| Taxes450/3 | €106,156 | €92,313 | €82,392 | €47,679 | €76,758 | ▲ 61.0% |
| Remuneration and social security454/9 | €34,045 | €39,919 | €21,921 | €33,253 | €31,623 | ▼ 4.9% |
| Other amounts payable47/48 | €6,230 | €12,616 | €113,097 | €65,830 | €308,178 | ▲ 368% |
| Accrued charges and deferred income492/3 | €2,500 | €3,000 | €910 | €2,452 | €3,757 | ▲ 53.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,802 | €105,843 | €10,652 | €9,933 | €8,139 | ▼ 18.1% |
| + Depreciation and write-downs630 | €37,533 | €33,540 | €32,980 | €37,571 | €37,893 | ▲ 0.9% |
| Operating cash flow (approximation) | €135,335 | €139,384 | €43,633 | €47,504 | €46,032 | ▼ 3.1% |
| Investment in fixed assets (approximation) | - | €12,300 | €18,795 | -€13,433 | €969 | ▲ 107% |
| Change in cash | - | -€75,726 | -€106,505 | -€43,400 | €30,269 | ▲ 170% |
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
28-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 08-06-2026
- Registered-office move, Torhoutsesteenweg 329,8210 Zedelgem
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €226,232 ▲31.1%
2 profitable years in a row build equity to €226,232.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Back to profitnet €115,465
Net result €115,465 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €172,586 ▲202%
Equity rises from €57,122 to €172,586.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 1996
Ground area
1,558 m²
Parcel 31036F0634/00K000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ESPRIT BVBA
since 19962.077.288.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036F0634/00K000 | Flanders | 1,558 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.
Structure & network
Owners and holdings
1 ownerChain of control
- DEVAKO MACHINERY
- ESPRITT
Highest known parent: DEVAKO MACHINERY. The sources do not say who stands above it.
Owners 1
- DEVAKO MACHINERYparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 805 companies in sector 46610 we hold annual accounts for 566. 471 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
Founded21-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
46713Wholesale trade
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458289168
Also
9925:BE0458289168
Registered
12-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.