Equity
ESSAL has made a profit without a break since 2010.
ESSAL has made a profit without a break since 2010.
The result fell in 2025 from €561,377 to €336,876.
The micro format states no turnover.
Short-term debts fell from €220,695 to €154,929.
Latest accounts filed late: after the legal deadline.
Higher net result than 95% of companies in wholesale trade. Sector median €5,135 · 15,425 companies.
In July 2024, 20,124 companies had the same profile as ESSAL has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,124 companies, not a prediction for ESSAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ESSAL Antwerp | €2.9m | €522,250 | 94.7% | - |
| AM MICHIELS Willebroek | €2.8m | €584,813 | 82.8% | 5.3 |
| A12 Automobile Boom | €2.7m | €409,028 | 13.5% | - |
| DE SMET MOTORS Geraardsbergen | €2.7m | €699,232 | 37.3% | 7.6 |
| august Lasne | €2.4m | €459,562 | 7.6% | 6.8 |
| BELTIA AUTOMOTIVE Amay | €3.2m | €362,643 | 49.3% | 1 |
| AUTOHANDEL SNEPPE Oostkamp | €3.8m | €470,065 | 64.8% | 2.4 |
These companies have the same main activity as ESSAL: wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711). They are comparable in size and age: total assets between €2.4m and €3.8m, founded between 2006 and 2009.
ESSAL files the micro format. That format states no turnover. The gross margin rose from -€13,666 in 2007 to €522,250 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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