ESRA
ActiveSummary
The computed 12-month bankruptcy probability of ESRA is 2.1% (moderate). The 2025 annual accounts show equity of €36,338 and a net result of -€5,244. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 13560 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-32
Solvency50▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.87 against 0.78 in 2024; short-term debt: 48.1% and cash: 9.5% of total assets), and 75.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
24.6%
Return on assets
-3.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 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
5 d late
2024
on the day
2023
on the day
2022
1 d late
2021
3 d early
2020
23 d early
2019
3 d early
← 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 3 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€36,338▼ 12.6%
2024 · €41,582
Total assets
€147,646▼ 13.1%
2024 · €169,979
Net result
-€5,244
2024 · €9,440
Working capital
-€9,052▲ 44.6%
2024 · -€16,353
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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€23,933-€13,659€32,349€24,345▼ 24.7%€11,007▼ 54.8%
Net result€19,225within the sector's middle half-€15,726below the sector's middle half€21,321above the sector's middle half€9,440within the sector's middle half▼ 55.7%-€5,244within the sector's middle half
Equity€32,437within the sector's middle half▲ 144%€16,820within the sector's middle half▼ 48.1%€32,142within the sector's middle half▲ 91.1%€41,582within the sector's middle half▲ 29.4%€36,338within the sector's middle half▼ 12.6%
Total assets€68,631within the sector's middle half▲ 101%€45,608within the sector's middle half▼ 33.5%€100,683within the sector's middle half▲ 121%€169,979within the sector's middle half▲ 68.8%€147,646within the sector's middle half▼ 13.1%
Debt€36,194▲ 74.5%€28,788▼ 20.5%€68,542▲ 138%€128,397▲ 87.3%€111,308▼ 13.3%
Working capital€7,932€680▼ 91.4%€24,104▲ 3,444%-€16,353-€9,052▲ 44.6%
Solvency47.3%within the sector's middle half▲ 8.2pp36.9%within the sector's middle half▼ 10.4pp31.9%within the sector's middle half▼ 5.0pp24.5%within the sector's middle half▼ 7.5pp24.6%within the sector's middle half▲ 0.1pp
Staff (FTE)0.81▲ 25.0%1.1▲ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147,646
Fixed assets
€85,746 ▼ 23.1%
Current assets
€61,900 ▲ 6.0%
Equity and liabilities €147,646
Equity
€36,338 ▼ 12.6%
Debt
€111,308 ▼ 13.3%
Debt's share of the balance-sheet total falls from 75.5% to 75.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36,829▲
2024 · €36,047
Cash flow
€20,578▼
2024 · €21,142
Current ratio
0.87▲
2024 · 0.78
Quick ratio
0.77▲
2024 · 0.69
Debt to equity
3.06▼
2024 · 3.09
ROE
-14.4%▼
2024 · 22.7%
ROA
-3.6%▼
2024 · 5.6%
Interest coverage
2.45▼
2024 · 4.93
Debt ≤ 1 year
€70,952▼
2024 · €74,763
Debt > 1 year
€40,356▼
2024 · €53,633
Income taxes
€1,278▼
2024 · €7,621
Staff costs
€32,698▲
2024 · €1,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 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% | 1.6% |
| 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 74% 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 2,164 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 | €858 | - | €28,007 | €1,889 | €32,698 | ▲ 1,631% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,676 | €8,365 | €8,102 | €11,702 | €25,822 | ▲ 121% |
| Other operating charges640/8 | €2,792 | €1,039 | €1,861 | €4,693 | €922 | ▼ 80.4% |
| Gross operating margin9900 | €35,259 | -€4,255 | €70,318 | €42,629 | €70,449 | ▲ 65.3% |
| Operating profit (loss)9901 | €23,933 | -€13,659 | €32,349 | €24,345 | €11,007 | ▼ 54.8% |
| Financial income75/76B | €47 | €2 | €1 | €35 | €51 | ▲ 44.9% |
| Recurring financial income75 | €47 | €2 | €1 | €35 | €51 | ▲ 44.9% |
| Financial charges65/66B | €2,454 | €2,070 | €529 | €7,319 | €15,024 | ▲ 105% |
| Recurring financial charges65 | €2,454 | €2,070 | €529 | €7,319 | €15,024 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €21,525 | -€15,726 | €31,821 | €17,061 | -€3,966 | ▼ 123% |
| Income taxes67/77 | €2,300 | - | €10,500 | €7,621 | €1,278 | ▼ 83.2% |
| Profit (loss) for the period9904 | €19,225 | -€15,726 | €21,321 | €9,440 | -€5,244 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | €19,225 | -€15,726 | €21,321 | €9,440 | -€5,244 | ▼ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,631 | €45,608 | €100,683 | €169,979 | €147,646 | ▼ 13.1% |
| Fixed assets21/28 | €24,505 | €16,140 | €8,038 | €111,568 | €85,746 | ▼ 23.1% |
| Tangible fixed assets22/27 | €24,505 | €16,140 | €8,038 | €111,568 | €85,746 | ▼ 23.1% |
| Plant, machinery and equipment23 | €5,398 | €4,282 | €3,167 | €5,054 | €3,189 | ▼ 36.9% |
| Furniture and vehicles24 | €6,964 | €4,085 | €1,206 | €755 | €304 | ▼ 59.7% |
| Leasing and similar rights25 | - | - | - | €72,497 | €56,824 | ▼ 21.6% |
| Other tangible fixed assets26 | €12,143 | €7,772 | €3,665 | €33,262 | €25,429 | ▼ 23.5% |
| Current assets29/58 | €44,126 | €29,468 | €92,645 | €58,411 | €61,900 | ▲ 6.0% |
| Stocks and contracts in progress3 | €3,824 | €4,769 | €3,781 | €6,478 | €7,426 | ▲ 14.6% |
| Stocks30/36 | €3,824 | €4,769 | €3,781 | €6,478 | €7,426 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €1,138 | €10,726 | €28,684 | €33,097 | €36,510 | ▲ 10.3% |
| Trade receivables40 | €855 | €10,701 | €28,659 | €31,958 | €33,508 | ▲ 4.9% |
| Other amounts receivable41 | €283 | €25 | €25 | €1,139 | €3,002 | ▲ 164% |
| Cash at bank and in hand54/58 | €39,164 | €13,837 | €56,130 | €14,833 | €14,006 | ▼ 5.6% |
| Deferred charges and accrued income490/1 | - | €136 | €4,050 | €4,002 | €3,958 | ▼ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,631 | €45,608 | €100,683 | €169,979 | €147,646 | ▼ 13.1% |
| Equity10/15 | €32,437 | €16,820 | €32,142 | €41,582 | €36,338 | ▼ 12.6% |
| Contributions10/11 | €6,091 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,091 | - | - | - | - | - |
| Issued capital100 | €18,491 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €26,346 | €26,346 | €25,347 | €25,347 | €25,347 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €24,486 | €24,486 | €23,487 | €25,347 | €25,347 | = |
| Profit (loss) carried forward14 | - | -€15,726 | €595 | €10,035 | €4,791 | ▼ 52.3% |
| Amounts payable17/49 | €36,194 | €28,788 | €68,542 | €128,397 | €111,308 | ▼ 13.3% |
| Amounts payable after more than one year17 | - | - | - | €53,633 | €40,356 | ▼ 24.8% |
| Financial debts170/4 | - | - | - | €53,633 | €40,356 | ▼ 24.8% |
| Amounts payable within one year42/48 | €36,194 | €28,788 | €68,542 | €74,763 | €70,952 | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,138 | €13,277 | ▲ 9.4% |
| Trade debts44 | €21,272 | €24,875 | €46,278 | €40,492 | €46,830 | ▲ 15.7% |
| Suppliers440/4 | €21,272 | €24,875 | €46,278 | €40,492 | €46,830 | ▲ 15.7% |
| Taxes, remuneration and social security45 | €4,786 | €389 | €14,220 | €16,273 | €10,845 | ▼ 33.4% |
| Taxes450/3 | €4,786 | €389 | €12,025 | €16,073 | €4,911 | ▼ 69.4% |
| Remuneration and social security454/9 | - | - | €2,195 | €200 | €5,934 | ▲ 2,866% |
| Other amounts payable47/48 | €10,136 | €3,525 | €8,044 | €5,861 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,225 | -€15,726 | €21,321 | €9,440 | -€5,244 | ▼ 156% |
| + Depreciation and write-downs630 | €7,676 | €8,365 | €8,102 | €11,702 | €25,822 | ▲ 121% |
| Operating cash flow (approximation) | €26,901 | -€7,361 | €29,423 | €21,142 | €20,578 | ▼ 2.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€115,232 | €0 | ▲ 100% |
| Change in cash | - | -€25,327 | €42,293 | -€41,297 | -€827 | ▲ 98.0% |
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
27-07
State Gazette act
Purpose · Statutes amendmentPurpose change · Power of attorney4 facts ▸
State Gazette act
Purpose · Statutes amendment
Purpose change · Power of attorney4 facts ▸
- General meeting, onderwerpen van de agenda, algemene vergadering
- Purpose change
- Power of attorney, Xavier VANHAELEMEESCH
- Power of attorney
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €21,321
Net result €21,321 after one loss-making year.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Weakest financial yearnet -€15,726
Net result drops to -€15,726, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €19,225
Net result €19,225 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 1.22
Current ratio from 0.47 to 1.22.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 2 establishment units since 2007
Ground area
695 m²
Building footprint
155 m²
Volume, LiDAR
1,210 m³
2 parcels, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ESRA
since 20072.162.229.770
X MOTORS
since 20262.392.850.438
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034A0784/00L004 | Flanders | 643 m² | 1 · 102 m² | 7.6 m · 2 fl. |
| 44802B0810/00F000 | Flanders | 52 m² | 1 · 52 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.162.229.770
Similar companies · same sector, comparable size
RAFFAELLI
BE 0666.535.203
Gent · Eq €36,336
Amma's Group
BE 0786.580.621
Gent · Eq €36,322
JOLLY
BE 0727.952.831
Elsene · Eq €36,314
KPS INVESTMENT
BE 0654.729.709
Stabroek · Eq €36,292
GLACAM
BE 0781.785.554
Ottignies-Louvain-la-Neuve · Eq €36,279
Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,449 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
Founded06-04-2007
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888614822
Also
9925:BE0888614822
Registered
16-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.