ESSANA
ActiveSummary
ESSANA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,771 and a net result of -€38,710. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency97▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.61 against 2.7 in 2024; short-term debt: 27.7% and cash: 86.8% of total assets), and 27.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.3%
Return on assets
-25.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
6 d early
2023
1 d early
2022
4 d late
2021
3 d early
2020
24 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€110,771▼ 25.9%
2024 · €149,482
Total assets
€153,225▼ 35.7%
2024 · €238,212
Net result
-€38,710
2024 · €70,269
Working capital
€110,771▼ 26.2%
2024 · €150,005
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,260€28,690▲ 358%-€5,969€88,150-€35,887
Net result€3,852below the sector's middle half€27,844above the sector's middle half▲ 623%-€6,460below the sector's middle half€70,269above the sector's middle half-€38,710below the sector's middle half
Equity€57,830below the sector's middle half▲ 7.1%€85,673within the sector's middle half▲ 48.1%€79,213within the sector's middle half▼ 7.5%€149,482within the sector's middle half▲ 88.7%€110,771within the sector's middle half▼ 25.9%
Total assets€71,307below the sector's middle half▼ 2.1%€90,498within the sector's middle half▲ 26.9%€82,157within the sector's middle half▼ 9.2%€238,212within the sector's middle half▲ 190%€153,225within the sector's middle half▼ 35.7%
Debt€13,477▼ 28.5%€4,825▼ 64.2%€2,944▼ 39.0%€88,730▲ 2,914%€42,454▼ 52.2%
Working capital€59,080within the sector's middle half▲ 7.0%€86,923within the sector's middle half▲ 47.1%€80,464within the sector's middle half▼ 7.4%€150,005above the sector's middle half▲ 86.4%€110,771within the sector's middle half▼ 26.2%
Solvency81.1%above the sector's middle half▲ 7.0pp94.7%above the sector's middle half▲ 13.6pp96.4%above the sector's middle half▲ 1.7pp62.8%within the sector's middle half▼ 33.7pp72.3%within the sector's middle half▲ 9.5pp
Current ratio5.83above the sector's middle half▲ 1.6925.32above the sector's middle half▲ 19.4948.53above the sector's middle half▲ 23.212.70within the sector's middle half▼ 45.833.61within the sector's middle half▲ 0.91
Return on assets (ROA)5.4%within the sector's middle half▲ 41.1pp30.8%above the sector's middle half▲ 25.4pp-7.9%below the sector's middle half▼ 38.6pp29.5%above the sector's middle half▲ 37.4pp-25.3%below the sector's middle half▼ 54.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35,887 after €88,150 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €153,225
Equity
€110,771 ▼ 25.9%
Debt
€42,454 ▼ 52.2%
Debt's share of the balance-sheet total falls from 37.2% to 27.7%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.38▼
2024 · 0.59
ROE
-34.9%▼
2024 · 47.0%
Debt ≤ 1 year
€42,454▼
2024 · €88,207
Income taxes
€316▼
2024 · €15,429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,805 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €34,325 | €38,996 | €122 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €2,046 | €1,917 | €1,772 | €1,402 | €1,455 | ▲ 3.8% |
| Gross operating margin9900 | €42,631 | €69,603 | -€4,075 | €89,552 | -€34,432 | ▼ 138% |
| Operating profit (loss)9901 | €6,260 | €28,690 | -€5,969 | €88,150 | -€35,887 | ▼ 141% |
| Financial income75/76B | - | €1 | €4 | €60 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1 | €4 | €60 | €0 | ▼ 100% |
| Financial charges65/66B | €1,753 | €158 | €192 | €2,513 | €2,507 | ▼ 0.2% |
| Recurring financial charges65 | €1,753 | €158 | €192 | €2,513 | €2,507 | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €4,507 | €28,533 | -€6,157 | €85,697 | -€38,394 | ▼ 145% |
| Income taxes67/77 | €655 | €689 | €303 | €15,429 | €316 | ▼ 98.0% |
| Profit (loss) for the period9904 | €3,852 | €27,844 | -€6,460 | €70,269 | -€38,710 | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €3,852 | €27,844 | -€6,460 | €70,269 | -€38,710 | ▼ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,307 | €90,498 | €82,157 | €238,212 | €153,225 | ▼ 35.7% |
| Current assets29/58 | €71,307 | €90,498 | €82,157 | €238,212 | €153,225 | ▼ 35.7% |
| Amounts receivable within one year40/41 | €43,042 | €87,886 | €80,570 | €44,940 | €20,209 | ▼ 55.0% |
| Trade receivables40 | €43,042 | €83,948 | €79,993 | €44,940 | €19,998 | ▼ 55.5% |
| Other amounts receivable41 | - | €3,938 | €577 | €0 | €210 | - |
| Cash at bank and in hand54/58 | €27,037 | €1,448 | €1,273 | €193,272 | €133,017 | ▼ 31.2% |
| Deferred charges and accrued income490/1 | €1,228 | €1,164 | €314 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,307 | €90,498 | €82,157 | €238,212 | €153,225 | ▼ 35.7% |
| Equity10/15 | €57,830 | €85,673 | €79,213 | €149,482 | €110,771 | ▼ 25.9% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €5,000 | €35,673 | €29,213 | €99,482 | €75,269 | ▼ 24.3% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | €30,673 | €24,213 | €94,482 | €70,269 | ▼ 25.6% |
| Profit (loss) carried forward14 | €2,830 | €0 | - | - | -€14,497 | - |
| Amounts payable17/49 | €13,477 | €4,825 | €2,944 | €88,730 | €42,454 | ▼ 52.2% |
| Amounts payable within one year42/48 | €12,227 | €3,575 | €1,693 | €88,207 | €42,454 | ▼ 51.9% |
| Trade debts44 | €2,824 | €2,857 | €672 | €45,232 | €15,349 | ▼ 66.1% |
| Suppliers440/4 | €2,824 | €2,857 | €672 | €45,232 | €15,349 | ▼ 66.1% |
| Taxes, remuneration and social security45 | €9,375 | €689 | €992 | €22,657 | €1,066 | ▼ 95.3% |
| Taxes450/3 | €3,720 | €689 | €992 | €22,657 | €1,066 | ▼ 95.3% |
| Remuneration and social security454/9 | €5,654 | €0 | - | - | - | - |
| Other amounts payable47/48 | €29 | €29 | €29 | €20,318 | €26,039 | ▲ 28.2% |
| Accrued charges and deferred income492/3 | €1,250 | €1,250 | €1,251 | €524 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,852 | €27,844 | -€6,460 | €70,269 | -€38,710 | ▼ 155% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €3,852 | €27,844 | -€6,460 | €70,269 | -€38,710 | ▼ 155% |
| Change in cash | - | -€25,589 | -€174 | €191,999 | -€60,256 | ▼ 131% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€38,710
Net result drops to -€38,710, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €70,269
Net result €70,269 after one loss-making year.
30-09
Financial
Equity above €100,000Eq €149,482 ▲88.7%
Equity rises from €79,213 to €149,482.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
30-09
Financial
Liquidity quadruplescurrent ratio 25.32
Current ratio from 5.83 to 25.32; short-term debt falls from €12,227 to €3,575.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €3,852
Net result €3,852 after 3 loss-making years.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Harelbeke · 1 establishment unit since 2009
Ground area
723 m²
Building footprint
218 m²
Parcel 34004A0127/00A002, Flanders. Linked by address, not a title deed.
1 establishment unit
Belle & Moi
since 20092.195.810.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004A0127/00A002 | Flanders | 723 m² | 1 · 217 m² | - |
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.
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Of 156 companies in sector 46836 we hold annual accounts for 113. 71 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-04-2009
Fiscal year end30-09
Activities, NACEBEL 2025
46836Wholesale trade
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811235744
Registered
12-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.