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Esrem

Active
Non-profit associationfounded 199036 yrs activeRue des Prébendiers 11-13, 4020 Liège, BelgiumKBO/BCE: BE 0442.969.504
Summary

Esrem has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €399,570 and a net result of €19,004. Equity is growing by ~4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes · tick = 2022
Profitability49▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
cash: 12.3% of total assets, and 0% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
100%
Return on assets
4.8%
Age of the figures
21 mo
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 16-06-2025, 45 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
45 d early
2022
140 d late
2021
24 d late
2020
389 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 127 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Esrem was incorporated on 21 February 1990.1 Total assets rose from EUR 346,482 in 2020 to EUR 399,570 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,004▲ 51.0%
2022 · €12,585
Working capital
€87,081
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
Line2020202120222024
Operating result€6,486-€11,559▲ 78.2%€12,633▲ 9.3%€19,062-
Net result€6,189-€11,427▲ 84.6%€12,585▲ 10.1%€19,004-
Equity€337,081-€348,508▲ 3.4%€361,093▲ 3.6%€399,570-
Total assets€346,482-€348,508▲ 0.6%€361,693▲ 3.8%€399,570-
Debt€9,401-€600
Working capital€87,081-
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000€20,000Operating result 2020: €6,486€6,486Net result 2020: €6,189€6,189Operating result 2021: €11,559€11,559Net result 2021: €11,427€11,427Operating result 2022: €12,633€12,633Net result 2022: €12,585€12,585Operating result 2024: €19,062€19,062Net result 2024: €19,004€19,0042020202120222024€0€5,000€10,000€15,000€20,000Operating result 2021: €11,559€11,600Net result 2021: €11,427€11,400Operating result 2022: €12,633€12,600Net result 2022: €12,585€12,600Operating result 2024: €19,062€19,100Net result 2024: €19,004€19,000202120222024
The operating result is €19,062 in 2024, compared with €12,633 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €399,570
Fixed assets €250,000 =
Current assets €149,570 ▲ 33.9%
Key figures and ratios
2024 value · change against 2022
Solvency
100.0%▲
2022 · 99.8%
ROE
4.8%▲
2022 · 3.5%
ROA
4.8%▲
2022 · 3.5%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 < 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2024 against 2022 · 29 lines
Balance sheet Code20222024
Assets
Total assets20/58€361,693€399,570▲
Fixed assets21/28€250,000€250,000=
Tangible fixed assets22/27€250,000€250,000=
Land and buildings22€210,000€210,000=
Other tangible fixed assets26€40,000€40,000=
Current assets29/58€111,693€149,570▲
Amounts receivable within one year40/41€3,829€3,883▲
Other amounts receivable41€3,829€3,883▲
Current investments50/53€67,464€67,464=
Cash at bank and in hand54/58€11,400€49,223▲
Deferred charges and accrued income490/1€29,000€29,000=
Equity and liabilities
Total equity and liabilities10/49€361,693€399,570▲
Equity10/15€361,093€399,570▲
Profit (loss) carried forward14€361,093€399,570▲
Amounts payable17/49€600-
Accrued charges and deferred income492/3€600-
Income statement Code20222024
Other operating charges640/8€3,619€499▼
Non-recurring operating charges66A€4,213-
Gross operating margin9900€20,465€19,561▼
Operating profit (loss)9901€12,633€19,062▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€47€60▲
Recurring financial charges65€47€60▲
Profit (loss) for the period before taxes9903€12,585€19,004▲
Profit (loss) for the period9904€12,585€19,004▲
Profit (loss) for the period to be appropriated9905€12,585€19,004▲
Appropriation of the result
Profit (loss) to be appropriated9906€361,093€399,570▲
Profit (loss) brought forward from the previous period14P€348,508€380,566▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2020202120222024Change
Other operating charges640/8€1,049€427€3,619€499-
Non-recurring operating charges66A--€4,213--
Gross operating margin9900€7,535€11,987€20,465€19,561-
Operating profit (loss)9901€6,486€11,559€12,633€19,062-
Financial income75/76B---€2-
Recurring financial income75---€2-
Financial charges65/66B€297€133€47€60-
Recurring financial charges65€297€133€47€60-
Profit (loss) for the period before taxes9903€6,189€11,427€12,585€19,004-
Profit (loss) for the period9904€6,189€11,427€12,585€19,004-
Profit (loss) for the period to be appropriated9905€6,189€11,427€12,585€19,004-
Line2020202120222024Change
Assets
Total assets20/58€346,482€348,508€361,693€399,570-
Fixed assets21/28€250,000€250,000€250,000€250,000-
Tangible fixed assets22/27€250,000€250,000€250,000€250,000-
Land and buildings22€210,000€210,000€210,000€210,000-
Other tangible fixed assets26€40,000€40,000€40,000€40,000-
Current assets29/58€96,482€98,508€111,693€149,570-
Amounts receivable within one year40/41€5,965€7,010€3,829€3,883-
Other amounts receivable41€5,965€7,010€3,829€3,883-
Current investments50/53€67,464€67,464€67,464€67,464-
Cash at bank and in hand54/58€8,553€9,534€11,400€49,223-
Deferred charges and accrued income490/1€14,500€14,500€29,000€29,000-
Equity and liabilities
Total equity and liabilities10/49€346,482€348,508€361,693€399,570-
Equity10/15€337,081€348,508€361,093€399,570-
Profit (loss) carried forward14€337,081€348,508€361,093€399,570-
Amounts payable17/49€9,401-€600--
Amounts payable within one year42/48€9,401----
Current portion of amounts payable after more than one year42€8,322----
Trade debts44€172----
Suppliers440/4€172----
Accrued charges and deferred income492/3--€600--
Line2020202120222024Change
Profit (loss) for the period9904€6,189€11,427€12,585€19,004-
Operating cash flow (approximation)€6,189€11,427€12,585€19,004-
Investment in fixed assets (approximation)-€0€0--
Change in cash-€981€1,866--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2020net €19,004 ▲51%
Operating result €19,062, net result €19,004, both a record.
2023
18-12
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 140 days late
2022
24-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 24 days late
24-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 389 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Liège
exact location from the address register On OpenStreetMap
Ground area
885 m²
Building footprint
616 m²
Volume, LiDAR
7,975 m³
Parcel 62817B0226/00R000, Wallonia · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62817B0226/00R000 Wallonia 885 m² 1 · 615 m² 16.5 m · 5 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.

Identification & contact

Identification
Legal formNon-profit association
Founded21-02-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.