Financials
- Financial year
- 2023
- Total assets
- €2,287
- Loss
- -€31,334
- Solvency
- -1438.7%
ESSAADA FIRST
ActiveSummary
The computed 12-month bankruptcy probability of ESSAADA FIRST is 16.0% (high). For ESSAADA FIRST, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€32,909) and a net result of -€31,334. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2004 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Activity not known
Size
€2,287total assets 2023
- Equity
- -€32,909
- Loss
- -€31,334
Turnover not published (micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 16.0%
2023 figures too old to score
Structure
Accounts 448 days overdue0 of 5 deeds read
Signalsraises riskFigures for financial year 2023 (filed 31-12-2024)2 financial years not filed after the legal deadline; latest accounts 153 days late; 3 of the last 3 lateNo registered site in the KBOTwo or more financial years not filedFiled more than 90 days lateAdministrative warnings in the KBO publicationslowers riskSize: total assets €2,287Show the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency
0-10
equity -1438.7% of total assets
Liquidity
13+2
short-term debt 1538.7% · cash 10.3%
Profitability
0-100
return on assets -1369.8%
Bankruptcy probability, 12 months
16.0%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.2%lowest value
12-2024: 6.7%▲ +1.5 percentage points vs 11-2024
01-2025: 5.5%▼ -1.2 percentage points vs 12-2024
02-2025: 5.5%● unchanged vs 01-2025
03-2025: 5.7%▲ +0.2 percentage points vs 02-2025
04-2025: 5.7%● unchanged vs 03-2025
05-2025: 5.7%● unchanged vs 04-2025
06-2025: 5.7%● unchanged vs 05-2025
07-2025: 6.2%▲ +0.5 percentage points vs 06-2025
08-2025: 7.4%▲ +1.2 percentage points vs 07-2025
09-2025: 7.1%▼ -0.3 percentage points vs 08-2025
10-2025: 7.5%▲ +0.4 percentage points vs 09-2025
11-2025: 7.8%▲ +0.3 percentage points vs 10-2025
12-2025: 9.4%▲ +1.6 percentage points vs 11-2025
01-2026: 15.6%▲ +6.2 percentage points vs 12-2025
02-2026: 15.6%● unchanged vs 01-2026
03-2026: 15.9%▲ +0.3 percentage points vs 02-2026
04-2026: 15.3%▼ -0.6 percentage points vs 03-2026
05-2026: 15.3%● unchanged vs 04-2026
06-2026: 15.3%● unchanged vs 05-2026
07-2026: 15.3%● unchanged vs 06-2026
08-2026: 16.5%▲ +1.2 percentage points vs 07-2026highest value
09-2026: 16.5%● unchanged vs 08-2026highest value
10-2026: 16.0%▼ -0.5 percentage points vs 09-2026
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline22-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-12-2024, 153 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
153 days late
2022
150 days late
2021
625 days late
2020
990 days late
2019
1353 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 654 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
- Annual accounts filedfinancial year 2023 · micro…
- Strikeout withdrawnevent 16-04-2024
- Annual accounts filedfinancial year 2021 · micro…
Key points
By topic
Timeline
- Events
- 21
- Since
- 2007
- 16-04-2024Annual accounts filed
- 14-04-2024Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Legal form
- Private limited company (pre-2019)
- Founded
- 01-09-2004
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what payment terms?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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.