ESRI BELUX
ActiveESRI BELUX has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €540k and a net result of €2.17M. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 1408 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-9
Solvency29=
Growth61▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.63 in 2024; short-term debt: 61.2% and cash: 40.6% of total assets), but 95.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
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
4.5%
Return on assets
18%
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 22% of 1408 sector peers (2025).
NBB · sector comparisonPosition among 1408 sector peers
Solvency
better than 22%
← 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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
66 d early
2023
69 d early
2022
81 d early
2021
60 d early
2020
51 d early
2019
58 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€17.09M▲ 6.2%
2024 · €16.10M
2019: €9.35M
2020: €9.73M
2021: €9.96M
2022: €10.49M
2023: €12.48M
2024: €16.10M
2019 → 2025
EBIT margin
9.9%▼ 3.8pp
2024 · 13.7%
2019: 3.1%
2020: 10.2%
2021: 14.5%
2022: 8.1%
2023: 7.6%
2024: 13.7%
2019 → 2025
Net result
€2.17M▲ 17.3%
2024 · €1.85M
2018: €731k
2019: €228k
2020: €825k
2021: €1.12M
2022: €665k
2023: €1.06M
2024: €1.85M
2018 → 2025
Working capital
€4.29M▼ 4.5%
2024 · €4.50M
2018: €2.16M
2019: €2.03M
2020: €2.88M
2021: €3.23M
2022: €3.81M
2023: €4.65M
2024: €4.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.96M-€10.49M▲ 5.3%€12.48M▲ 19.0%€16.10M▲ 29.0%€17.09M▲ 6.2%
Equity€812k-€837k▲ 3.1%€878k▲ 4.8%€454k▼ 48.3%€540k▲ 19.1%
Operating result€1.44M-€845k▼ 41.3%€943k▲ 11.6%€2.21M▲ 134%€1.69M▼ 23.5%
Net result€1.12M-€665k▼ 40.4%€1.06M▲ 58.6%€1.85M▲ 75.2%€2.17M▲ 17.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.07M
Fixed assets
€384k▲ 25.0%
Current assets
€11.69M▲ 0.8%
Equity and liabilities €12.07M
Equity
€540k▲ 19.1%
Debt
€11.53M▲ 0.7%
The debt ratio falls from 96.2% to 95.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.73M▼
2024 · €2.24M
Cash flow
€2.21M▲
2024 · €1.89M
Solvency
4.5%▲
2024 · 3.8%
Current ratio
1.58▼
2024 · 1.63
Quick ratio
1.55▼
2024 · 1.60
Debt / equity
21.34▼
2024 · 25.25
ROE
401.4%▼
2024 · 407.7%
ROA
18.0%▲
2024 · 15.5%
Interest coverage
4.91▼
2024 · 10.46
Debt
€11.53M▲
2024 · €11.45M
Debt ≤ 1 year
€7.39M▲
2024 · €7.10M
Income taxes
€482k▼
2024 · €598k
Staff costs
€4.42M▲
2024 · €4.01M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.91M€12.07M▲
Fixed assets21/28€307k€384k▲
Intangible fixed assets21€486€117▼
Tangible fixed assets22/27€90k€164k▲
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24€76k€73k▼
Other tangible fixed assets26-€82k
Financial fixed assets28€217k€219k▲
Affiliated companies280/1€213k€213k=
Participating interests280€213k€213k=
Other financial fixed assets284/8€3k€6k▲
Amounts receivable and cash guarantees285/8€3k€6k▲
Current assets29/58€11.60M€11.69M▲
Stocks and contracts in progress3€213k€253k▲
Contracts in progress37€213k€253k▲
Amounts receivable within one year40/41€4.64M€2.88M▼
Trade receivables40€4.63M€2.87M▼
Other amounts receivable41€11k€14k▲
Current investments50/53€700k-
Other investments51/53€700k-
Cash at bank and in hand54/58€2.71M€4.90M▲
Deferred charges and accrued income490/1€3.33M€3.65M▲
Equity and liabilities
Total equity and liabilities10/49€11.91M€12.07M▲
Equity10/15€454k€540k▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Revaluation surpluses12€181k€181k=
Reserves13€25k€112k▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€0€87k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€11.45M€11.53M▲
Amounts payable within one year42/48€7.10M€7.39M▲
Trade debts44€3.59M€4.16M▲
Suppliers440/4€3.59M€4.16M▲
Taxes, remuneration and social security45€1.24M€1.14M▼
Taxes450/3€720k€594k▼
Remuneration and social security454/9€519k€548k▲
Other amounts payable47/48€2.27M€2.09M▼
Accrued charges and deferred income492/3€4.35M€4.14M▼
Income statement
Code20242025
Operating income70/76A€17.02M€17.48M▲
Turnover70€16.10M€17.09M▲
Change in stocks of work in progress, finished goods and contracts in progress71€152k€40k▼
Other operating income74€770k€268k▼
Non-recurring operating income76A-€77k
Operating charges60/66A€14.81M€15.79M▲
Goods for resale, raw materials and consumables60€6.80M€7.01M▲
Purchases600/8€6.80M€7.01M▲
Services and other goods61€3.95M€4.31M▲
Remuneration, social security and pensions62€4.01M€4.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€45k▲
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A€4k-
Operating profit (loss)9901€2.21M€1.69M▼
Financial income75/76B€454k€1.32M▲
Recurring financial income75€454k€1.32M▲
Income from financial fixed assets750€260k€880k▲
Income from current assets751€107k€75k▼
Other financial income752/9€88k€362k▲
Financial charges65/66B€214k€353k▲
Recurring financial charges65€214k€353k▲
Other financial charges652/9€214k€353k▲
Profit (loss) for the period before taxes9903€2.45M€2.65M▲
Income taxes67/77€598k€482k▼
Taxes670/3€599k€485k▼
Tax adjustments and reversals of tax provisions77€390€3k▲
Profit (loss) for the period9904€1.85M€2.17M▲
Profit (loss) for the period to be appropriated9905€1.85M€2.17M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.85M€2.17M▲
Profit (loss) brought forward from the previous period14P-€0
Transfer from equity791/2€424k-
From reserves792€424k-
Transfer to equity691/2-€87k
To other reserves6921-€87k
Profit to be distributed694/7€2.27M€2.08M▼
Return on contributions (dividend)694€2.27M€2.08M▼
Social balance
Average headcount (FTE)908743.446.1▲
The notes to these accounts (58 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
State Gazette act
Capital & shares · Statutes amendmentGeneral meeting · Auditor appointment · Capital6 facts ▸
State Gazette act
Capital & shares · Statutes amendment
General meeting · Auditor appointment · Capital6 facts ▸
- General meeting, 2026-06-30
- General meeting, 2026-05-13
- Auditor appointment, EY Bedrijfsrevisoren (commissaris)
- Capital, €247.893,52
- Statutes amendment
- Corporate purpose, De marketing, productie, ontwikkeling, integratie, verkoop en dienstverlening zoals onder meer consultancy en opleiding met betrekking tot software, hardware en…
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.17M ▲17.3%
Net result €2.17M, the highest in the series.
31-12
Financial
Equity above €500kEq €540k ▲19.1%
8 profitable years in a row build equity to €540k.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €228k ▼68.8%
Net result drops to €228k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
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.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-05-2025
Paul Jacob Dangermond: Resigned as Director
02-07-2020
Aart Van Wingerden: Resigned as Permanent representative
01-01-2017
ir. Emile Maes: Resigned as Managing director
Location & real-estate footprint
Registered office, Grimbergen · 2 establishment units since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boechoutlaan 1031853 GrimbergenGround area
3.8 ha
Building footprint
5,677 m²
Volume, LiDAR
48,719 m³
3 parcels, Flanders, Wallonia · tallest building 18.4 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Nerviërslaan 54, 1780 Wemmel
since 19982.087.165.331
Chaussée de Liège(JB) 221, 5100 Namur
since 20172.263.169.653
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0639/00E000 | Flanders | 1.5 ha | 1 · 1,594 m² | 16.2 m · 4 fl. |
| 22662B0346/00N000 | Flanders | 1.5 ha | 1 · 3,851 m² | 14.0 m · 2 fl. |
| 92067C0296/00F000 | Wallonia | 7,915 m² | 1 · 232 m² | 18.4 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| EY BedrijfsrevisorenCurrent Statutory auditor | 13-05-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 13,068 EUR awarded · 13,068 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,782 EUR | 4,782 EUR |
| 2024 | 1 | 786 EUR | 786 EUR |
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Federal government
2024 · 1 entry · 8,481 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Binnenlandse Zaken | 1 | 8,481 EUR |
Budget allocations
Investeringsbijdrage aan administratieve openbare instellingen voor allerhande investeringsuitgaven met betrekking tot de bescherming van de bevolking tegen de gevaren van ioniserende stralingen
European Union, budget
2024 · 3 entries| Year | Entries | awarded |
|---|---|---|
| 2024 | 3 | 0 EUR |
Projects
SERVICES TO SUPPORT THE GEOGRAPHICAL INFORMATION SYSTEMS (GISCO)
SERVICES TO SUPPORT THE GEOGRAPHICAL INFORMATION SYSTEMS (GISCO)
STRATIFICATION OF THE LUCAS GRID 2025
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OFFIMED
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 11,636 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-05-1998
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.