ESSAF
ESSAF has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €42k |
| Net result | €10k |
| Better than sector | 68% |
| Active | 26 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 55.6% | 34.6% | |
| Net result | €10k | €5k | |
| Equity | €42k | €44k | |
| Gross operating margin | €15k | €34k | |
| Total assets | €76k | €154k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | €349k | €356k | €286k | - | - |
| EBITDA | €15k | €34k | €9k | €1k | €-2k |
| Net profit | €10k | €28k | €8k | €366 | €-2k |
| Cash flow | €11k | €29k | €9k | €1k | €-2k |
| Staff costs | - | - | - | - | - |
| Income taxes | €2k | €5k | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €76k | €56k | €44k | €22k | €12k |
| Equity | €42k | €32k | €4k | €-4k | €-4k |
| Debt | €34k | €24k | €40k | €26k | €16k |
| of which ≤ 1y | €34k | €23k | €30k | €26k | €16k |
| of which > 1y | - | - | - | - | - |
| Working capital | €36k | €26k | €6k | €-13k | €-14k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.08 | 2.14 | 1.21 | 0.52 | 0.11 |
| Quick ratio | 1.83 | 2.14 | 1.21 | 0.52 | 0.11 |
| Working capital ratio | 47.8% | 46.6% | 14.1% | -56.4% | -120.5% |
| Solvency | 55.6% | 56.7% | 9.6% | -16.4% | -34.8% |
| Debt / equity | 0.80 | 0.76 | 9.39 | -7.08 | -3.87 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 8.41 | 248.50 | 71.07 | 12.38 | -9.60 |
| Gross margin | 4.3% | - | - | - | - |
| Net margin | 2.9% | 7.7% | 2.8% | - | - |
| ROA | 13.5% | 49.1% | 17.9% | 1.6% | -17.4% |
| ROE | 24.3% | 86.6% | 186.0% | -10.0% | 50.0% |
| EBITDA margin | 4.2% | 9.4% | 3.2% | - | - |
| Days sales outstanding | 0d | 1d | 2d | - | - |
| Days payable outstanding | 33d | - | - | - | - |
| Inventory turnover | 40.79 | - | - | - | - |
| Days inventory (DSI) | 9d | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €76k | €56k | €44k | €22k | €12k |
| Fixed assets | 21/28 | €6k | €7k | €8k | €9k | €10k |
| Intangible fixed assets | 21 | €6k | €7k | €8k | €9k | €10k |
| Current assets | 29/58 | €70k | €49k | €36k | €13k | €2k |
| Stocks & contracts in progress | 3 | €8k | - | - | - | - |
| Amounts receivable within one year | 40/41 | €12k | €3k | €3k | €2k | €2k |
| Cash & bank | 54/58 | €49k | €46k | €34k | €12k | €75 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €76k | €56k | €44k | €22k | €12k |
| Equity | 10/15 | €42k | €32k | €4k | €-4k | €-4k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €288 | €288 | €288 | €288 | €288 |
| Accumulated profits (losses) | 14 | €23k | €13k | €-15k | €-23k | €-23k |
| Amounts payable | 17/49 | €34k | €24k | €40k | €26k | €16k |
| Amounts payable within one year | 42/48 | €34k | €23k | €30k | €26k | €16k |
| Trade debts payable within one year | 44 | €30k | €17k | €28k | €15k | €3k |
| Income statement | ||||||
| Turnover | 70 | €349k | €356k | €286k | - | - |
| Gross operating margin | 9900 | €15k | €35k | €9k | €1k | €-2k |
| Operating result | 9901 | €14k | €33k | €8k | €486 | €-2k |
| Financial charges | 65 | €2k | €135 | €127 | €120 | €179 |
| Result before taxes | 9903 | €12k | €32k | €8k | €366 | €-2k |
| Income taxes | 67/77 | €2k | €5k | - | - | - |
| Net result for the period | 9904 | €10k | €28k | €8k | €366 | €-2k |
| Result to be appropriated | 9905 | €10k | €28k | €8k | €366 | €-2k |
| NACE primary | Retail trade(47230) |
| Legal form | Private limited company(610) |
| Incorporation | 01-03-2000 |
| Status | Active |
| Postal code | 1080 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0727/00C000 | Brussels | 90 m² | 1 · 77 m² | 15.7 m · 4 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
27-09-2024 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "completed",
"notary": {
"name": "Charles HUYLEBROUCK",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-09-27",
"filing_date": "2024-09-25",
"act_kind_objet": "DIVERS, STATUTS (TRADUCTION, COORDINATION, AUTRES"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2024-09-09",
"unanimous": true
},
"conversion": {
"effective_date": "2020-01-01",
"jurisdiction_to": null,
"legal_form_after": "SRL",
"jurisdiction_from": null,
"legal_form_before": null
},
"detected_kind": "conversion_legal_form",
"report_waiver": null,
"restructuring": null,
"subject_company": {
"kbo": "0471.320.327",
"name_full": "ESSAF",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Charles HUYLEBROUCK",
"org_rep_person_name": null
},
"summary_narrative": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire de la soci\u00E9t\u00E9 ESSAF a pris une s\u00E9rie de r\u00E9solutions \u00E0 l\u0027unanimit\u00E9. La premi\u00E8re r\u00E9solution constate la transformation de la soci\u00E9t\u00E9 en Soci\u00E9t\u00E9 \u00E0 Responsabilit\u00E9 Limit\u00E9e (SRL) depuis le 1er janvier 2020. La deuxi\u00E8me r\u00E9solution d\u00E9cide de rendre disponibles les capitaux propres statutairement indisponibles, cr\u00E9\u00E9s en application de la loi du 23 mars 2019. La troisi\u00E8me r\u00E9solution adopte de nouveaux statuts pour mettre la soci\u00E9t\u00E9 en conformit\u00E9 avec le Code des soci\u00E9t\u00E9s et des associations, sans modifier les \u00E9l\u00E9ments essentiels comme le si\u00E8ge. La quatri\u00E8me r\u00E9solution",
"co_filed_documents": [
"une exp\u00E9dition",
"les statuts coordonn\u00E9s"
],
"detected_real_type": "other",
"referenced_correction": null,
"should_reroute_to_category": null
}08-03-2022 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "share_transfer",
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"subscribers": [
{
"kbo": null,
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"name": "El Hajui Mohamed",
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"n_shares_subscribed": 375,
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}
],
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{
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],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-03-08",
"filing_date": "2022-01-05",
"act_kind_objet": "Objet(s) de l\u0027acte : Cession d\u0027actions, nomination d\u0027un administrateur et transfert de l\u0027adresse du si\u00E8ge social de la soci\u00E9t\u00E9."
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2022-01-05",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": "2022-01-05"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0471.320.327",
"name_full": "ESSAF",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 Responsabilit\u00E9 Limit\u00E9e",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": "Monsieur Ochan Ahmed",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"expedition",
"plan financier",
"bankattest",
"verslag bedrijfsrevisor"
],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "El Hajui Mohamed",
"role": "aandeelhouder",
"n_shares": 375,
"share_class": null
}
],
"share_classes_after": []
}| Legal nameFR | ESSAF |