ESPS
ActiveSummary
ESPS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €24k. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+14
Solvency69▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.42 in 2023; short-term debt: 52.8% and cash: 3.1% of total assets), but 56.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
43.8%
Return on assets
14.4%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
118 d late
2022
32 d late
2021
29 d late
2020
46 d early
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€73k▲ 49.0%
2023 · €49k
Total assets
€166k▲ 14.3%
2023 · €145k
Net result
€24k▲ 357%
2023 · €5k
Working capital
€61k▲ 51.5%
2023 · €40k
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
Line20202021202220232024
Operating result€12k€6k▼ 46.1%€17k▲ 177%€8k▼ 53.9%€28k▲ 253%
Net result€7k€6k▼ 20.3%€12k▲ 115%€5k▼ 57.2%€24k▲ 357%
Equity€14k▲ 103%€19k▲ 34.7%€44k▲ 129%€49k▲ 12.0%€73k▲ 49.0%
Total assets€99k▲ 8.5%€100k▲ 0.8%€97k▼ 2.9%€145k▲ 49.4%€166k▲ 14.3%
Debt€85k▲ 0.7%€81k▼ 4.8%€54k▼ 33.8%€96k▲ 79.8%€93k▼ 3.3%
Working capital€18€8k▲ 43,136%€29k▲ 281%€40k▲ 38.1%€61k▲ 51.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 253% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €166k
Fixed assets
€17k ▲ 104%
Current assets
€149k ▲ 8.8%
Equity and liabilities €166k
Equity
€73k ▲ 49.0%
Debt
€93k ▼ 3.3%
Debt's share of the balance-sheet total falls from 66.4% to 56.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2023 · €14k
Cash flow
€28k▲
2023 · €11k
Current ratio
1.70▲
2023 · 1.42
Quick ratio
1.18▲
2023 · 1.02
Debt to equity
1.28▼
2023 · 1.98
ROE
32.9%▲
2023 · 10.7%
ROA
14.4%▲
2023 · 3.6%
Interest coverage
56.92▲
2023 · 27.09
Debt ≤ 1 year
€88k▼
2023 · €96k
Debt > 1 year
€6k
Income taxes
€7k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €7k | €6k | €4k | ▼ 36.6% |
| Other operating charges640/8 | - | €320 | €122 | €532 | €3k | ▲ 528% |
| Non-recurring operating charges66A | - | - | - | - | €473 | - |
| Gross operating margin9900 | €20k | €14k | €24k | €15k | €36k | ▲ 148% |
| Operating profit (loss)9901 | €12k | €6k | €17k | €8k | €28k | ▲ 253% |
| Financial income75/76B | - | €4k | €1 | €78 | €3k | ▲ 4,075% |
| Recurring financial income75 | - | €4k | €1 | €78 | €3k | ▲ 4,075% |
| Financial charges65/66B | - | €3k | €2k | €517 | €566 | ▲ 9.6% |
| Recurring financial charges65 | €4k | €3k | €2k | €517 | €566 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €8k | €7k | €16k | €8k | €31k | ▲ 309% |
| Income taxes67/77 | €864 | €1k | €4k | €2k | €7k | ▲ 203% |
| Profit (loss) for the period9904 | €7k | €6k | €12k | €5k | €24k | ▲ 357% |
| Profit (loss) for the period to be appropriated9905 | €7k | €6k | €12k | €5k | €24k | ▲ 357% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99k | €100k | €97k | €145k | €166k | ▲ 14.3% |
| Fixed assets21/28 | €15k | €13k | €14k | €8k | €17k | ▲ 104% |
| Intangible fixed assets21 | €5k | €4k | €4k | €2k | - | - |
| Tangible fixed assets22/27 | €10k | €9k | €11k | €7k | €17k | ▲ 155% |
| Plant, machinery and equipment23 | - | €7k | €9k | €6k | €4k | ▼ 35.6% |
| Furniture and vehicles24 | - | €2k | €2k | €713 | €13k | ▲ 1,744% |
| Current assets29/58 | €84k | €87k | €83k | €137k | €149k | ▲ 8.8% |
| Stocks and contracts in progress3 | €30k | €37k | €37k | €38k | €45k | ▲ 19.1% |
| Stocks30/36 | - | €37k | €37k | €38k | €45k | ▲ 19.1% |
| Amounts receivable within one year40/41 | €44k | €26k | €34k | €97k | €98k | ▲ 1.0% |
| Trade receivables40 | - | €23k | €32k | €69k | €37k | ▼ 46.1% |
| Other amounts receivable41 | - | €4k | €2k | €29k | €61k | ▲ 114% |
| Cash at bank and in hand54/58 | €8k | €23k | €12k | €776 | €5k | ▲ 570% |
| Deferred charges and accrued income490/1 | - | €501 | €367 | €603 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99k | €100k | €97k | €145k | €166k | ▲ 14.3% |
| Equity10/15 | €14k | €19k | €44k | €49k | €73k | ▲ 49.0% |
| Contributions10/11 | - | €6k | €19k | €19k | €19k | = |
| Reserves13 | €8k | €8k | €25k | €30k | €54k | ▲ 79.1% |
| Non-distributable reserves130/1 | - | €565 | €565 | €565 | €565 | = |
| Reserves not available under the articles1311 | - | €565 | €565 | €565 | €565 | = |
| Distributable reserves133 | - | €7k | €24k | €30k | €54k | ▲ 80.6% |
| Profit (loss) carried forward14 | €327 | €5k | - | - | - | - |
| Amounts payable17/49 | €85k | €81k | €54k | €96k | €93k | ▼ 3.3% |
| Amounts payable after more than one year17 | €1k | €2k | - | - | €6k | - |
| Financial debts170/4 | - | €2k | - | - | €6k | - |
| Amounts payable within one year42/48 | €84k | €79k | €54k | €96k | €88k | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €13k | €2k | - | €5k | - |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €41k | €39k | €45k | €90k | €67k | ▼ 25.6% |
| Suppliers440/4 | - | €39k | €45k | €90k | €67k | ▼ 25.6% |
| Taxes, remuneration and social security45 | - | €2k | €5k | €6k | €14k | ▲ 120% |
| Taxes450/3 | - | €2k | €5k | €6k | €14k | ▲ 120% |
| Other amounts payable47/48 | - | €25k | €3k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €6k | €12k | €5k | €24k | ▲ 357% |
| + Depreciation and write-downs630 | €8k | €8k | €7k | €6k | €4k | ▼ 36.6% |
| Operating cash flow (approximation) | €15k | €13k | €19k | €11k | €28k | ▲ 148% |
| Investment in fixed assets (approximation) | - | €-5k | €-8k | €0 | €-12k | - |
| Change in cash | - | €15k | €-11k | €-11k | €4k | ▲ 140% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €24k ▲357%
Operating result €28k, net result €24k, both a record.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 97 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wetteren · 1 establishment unit since 2014
Ground area
1,156 m²
Building footprint
172 m²
Volume, LiDAR
1 m³
Parcel 42012D0071/00P000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
ESPS
since 20142.240.479.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42012D0071/00P000 | Flanders | 1,156 m² | 1 · 172 m² | 0.1 m |
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 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,782 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
Founded17-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.