EssaSol

Active

Private limited companyfounded 20205 yrs activeCoenstraat 92, 1745 Opwijk, BelgiumKBO/BCE: BE 0758.862.078

The computed 12-month bankruptcy probability of EssaSol is 1.5% (moderate). The 2024 annual accounts show equity of €162k and a net result of €89k. Equity is growing by ~161.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 15870 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

66 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability97▼-3

Solvency67▲+16

Growth78=

Track record94

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity ample (current ratio 1.51 against 1.09 in 2023; short-term debt: 58.1% and cash: 7% of total assets), but 58.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

30 d late

2023

91 d late

2022

92 d late

2021

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€162k▲ 121%

2023 · €73k

2021: €-19k 2022: €-18k 2023: €73k

2021 → 2024

Total assets

€386k▲ 36.7%

2023 · €282k

2021: €74k 2022: €193k 2023: €282k

2021 → 2024

Net result

€89k▼ 2.5%

2023 · €91k

2021: €-29k 2022: €999 2023: €91k

2021 → 2024

Working capital

€115k▲ 480%

2023 · €20k

2021: €-55k 2022: €-60k 2023: €20k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-19k-€-18k▲ 5.4%€73k€162k▲ 121%

Operating result€-28k-€868€92k▲ 10,462%€95k▲ 4.1%

Net result€-29k-€999€91k▲ 8,998%€89k▼ 2.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 4% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €386k

12.2%

87.8%

Fixed assets €47k▼ 11.9%

Current assets €339k▲ 48.1%

Equity and liabilities €386k

41.9%

58.1%

Equity €162k▲ 121%

Debt €224k▲ 7.2%

The debt ratio falls from 74.0% to 58.1%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€105k▲

2023 · €99k

Cash flow

€98k▼

2023 · €99k

Solvency

41.9%▲

2023 · 26.0%

Current ratio

1.51▲

2023 · 1.09

Quick ratio

0.68▲

2023 · 0.59

Debt / equity

1.38▼

2023 · 2.85

ROE

54.7%▼

2023 · 123.9%

ROA

22.9%▼

2023 · 32.2%

Interest coverage

242.32▲

2023 · 98.95

Debt

€224k▲

2023 · €209k

Debt ≤ 1 year

€224k▲

2023 · €209k

Income taxes

€7k

Staff costs

€18k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€282k€386k▲

Fixed assets21/28€54k€47k▼

Tangible fixed assets22/27€51k€44k▼

Plant, machinery and equipment23€43k€40k▼

Furniture and vehicles24€7k€4k▼

Financial fixed assets28€3k€3k=

Current assets29/58€229k€339k▲

Stocks and contracts in progress3€105k€186k▲

Stocks30/36€105k€186k▲

Amounts receivable within one year40/41€106k€125k▲

Trade receivables40€101k€125k▲

Other amounts receivable41€5k€202▼

Cash at bank and in hand54/58€18k€27k▲

Equity and liabilities

Total equity and liabilities10/49€282k€386k▲

Equity10/15€73k€162k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€63k€152k▲

Amounts payable17/49€209k€224k▲

Amounts payable within one year42/48€209k€224k▲

Trade debts44€51k€72k▲

Suppliers440/4€51k€72k▲

Taxes, remuneration and social security45-€3k

Taxes450/3-€2

Remuneration and social security454/9-€3k

Other amounts payable47/48€159k€149k▼

Income statement Code20232024

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62-€18k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲

Other operating charges640/8€972€3k▲

Gross operating margin9900€100k€126k▲

Operating profit (loss)9901€92k€95k▲

Financial income75/76B€222€340▲

Recurring financial income75€222€340▲

Financial charges65/66B€1k€432▼

Recurring financial charges65€1k€432▼

Profit (loss) for the period before taxes9903€91k€95k▲

Income taxes67/77-€7k

Profit (loss) for the period9904€91k€89k▼

Profit (loss) for the period to be appropriated9905€91k€89k▼

Appropriation of the result

Profit (loss) to be appropriated9906€63k€152k▲

Profit (loss) brought forward from the previous period14P€-28k€63k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

31-12

Financial Equity above €150kEq €162k ▲121%

3 profitable years in a row build equity to €162k.

30-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 91 days late

2023

31-12

Financial Highest result since 2021net €91k ▲8998%

Net result €91k, the highest in the series.

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 92 days late

2022

31-12

Financial Back to profitnet €999

Net result €999 after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

Financial milestoneNBB 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.

30-09-2025 Resigned as Director

Location & real-estate footprint

Registered office, Opwijk · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Coenstraat 921745 Opwijk

Ground area

1,096 m²

Parcel 23752H0586/00R000, Flanders. Linked by address, not a title deed.

1 establishment unit

Essasol