ESSE
ActiveSummary
ESSE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729,253 and a net result of €39,726. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency71▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.47 in 2024; short-term debt: 16.8% and cash: 1.5% of total assets), and 53.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
69 d late
2022
59 d late
2021
23 d late
2020
31 d late
2019
84 d late
← 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 51 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€729,253▲ 5.8%
2024 · €689,527
Total assets
€1.6m▼ 2.7%
2024 · €1.6m
Net result
€39,726▲ 43.9%
2024 · €27,598
Working capital
-€91,474▲ 33.8%
2024 · -€138,094
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€175,519▲ 23.2%€115,269▼ 34.3%€46,231▼ 59.9%€61,067▲ 32.1%€78,164▲ 28.0%
Net result€101,232▲ 10.4%€70,843▼ 30.0%€18,458▼ 73.9%€27,598▲ 49.5%€39,726▲ 43.9%
Equity€576,347▲ 20.4%€643,470▲ 11.6%€661,929▲ 2.9%€689,527▲ 4.2%€729,253▲ 5.8%
Total assets€1.9m▼ 1.8%€1.9m▼ 1.9%€1.8m▼ 4.9%€1.6m▼ 8.4%€1.6m▼ 2.7%
Debt€1.3m▼ 9.2%€1.2m▼ 7.9%€1.1m▼ 9.1%€921,354▼ 16.0%€837,976▼ 9.0%
Working capital€14,137-€103,515-€168,314▼ 62.6%-€138,094▲ 18.0%-€91,474▲ 33.8%
Staff (FTE)1.31.3=1.3=1.3=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.4m ▼ 6.4%
Current assets
€173,121 ▲ 42.6%
Equity and liabilities €1.6m
Equity
€729,253 ▲ 5.8%
Provisions
€11,640 ▼ 4.0%
Debt
€837,976 ▼ 9.0%
Debt's share of the balance-sheet total falls from 56.8% to 53.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185,195▲
2024 · €170,823
Cash flow
€146,757▲
2024 · €137,355
Current ratio
0.65▲
2024 · 0.47
Debt to equity
1.15▼
2024 · 1.34
ROE
5.4%▲
2024 · 4.0%
ROA
2.5%▲
2024 · 1.7%
Interest coverage
11.24▲
2024 · 8.76
Debt ≤ 1 year
€264,595▲
2024 · €259,522
Debt > 1 year
€532,110▼
2024 · €613,385
Income taxes
€22,449▲
2024 · €14,456
Staff costs
€37,790▼
2024 · €45,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | €87,558 | €53,745 | €976 | €23,299 | €4,720 | ▼ 79.7% |
| Remuneration, social security and pensions62 | €15,637 | €14,122 | €29,923 | €45,860 | €37,790 | ▼ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €143,834 | €99,761 | €116,685 | €109,756 | €107,031 | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €104 | - | - |
| Other operating charges640/8 | €4,212 | €2,190 | €1,801 | €1,392 | €1,238 | ▼ 11.1% |
| Non-recurring operating charges66A | €31,038 | €11,350 | €23,735 | €25,095 | €2,034 | ▼ 91.9% |
| Gross operating margin9900 | €370,240 | €242,691 | €218,376 | €243,274 | €226,257 | ▼ 7.0% |
| Operating profit (loss)9901 | €175,519 | €115,269 | €46,231 | €61,067 | €78,164 | ▲ 28.0% |
| Financial income75/76B | - | €0 | €0 | €3 | €1 | ▼ 84.0% |
| Recurring financial income75 | - | €0 | €0 | €3 | €1 | ▼ 84.0% |
| Financial charges65/66B | €38,119 | €18,546 | €18,353 | €19,502 | €16,476 | ▼ 15.5% |
| Recurring financial charges65 | €38,119 | €18,546 | €18,353 | €19,502 | €16,476 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €137,400 | €96,723 | €27,879 | €41,568 | €61,689 | ▲ 48.4% |
| Transfer from deferred taxes780 | €486 | €486 | €486 | €486 | €486 | = |
| Income taxes67/77 | €36,655 | €26,366 | €9,907 | €14,456 | €22,449 | ▲ 55.3% |
| Profit (loss) for the period9904 | €101,232 | €70,843 | €18,458 | €27,598 | €39,726 | ▲ 43.9% |
| Transfer from tax-exempt reserves789 | €1,459 | €1,459 | €1,459 | €1,459 | €1,459 | = |
| Profit (loss) for the period to be appropriated9905 | €102,691 | €72,302 | €19,917 | €29,057 | €41,185 | ▲ 41.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €1.8m | €1.6m | €1.6m | ▼ 2.7% |
| Formation expenses20 | €2,501 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 6.4% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 6.4% |
| Land and buildings22 | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 4.1% |
| Plant, machinery and equipment23 | €250,158 | €301,566 | €333,834 | €303,632 | €257,388 | ▼ 15.2% |
| Furniture and vehicles24 | €26,531 | €17,608 | €11,191 | - | - | - |
| Financial fixed assets28 | €1,080 | - | - | - | - | - |
| Current assets29/58 | €303,995 | €270,277 | €194,396 | €121,428 | €173,121 | ▲ 42.6% |
| Amounts receivable within one year40/41 | €51,857 | €124,964 | €77,822 | €520 | €43,742 | ▲ 8,311% |
| Trade receivables40 | €31,018 | €123,423 | €69,289 | - | €30,205 | - |
| Other amounts receivable41 | €20,839 | €1,540 | €8,533 | €520 | €13,537 | ▲ 2,503% |
| Cash at bank and in hand54/58 | €128,339 | €19,499 | €28,938 | €22,530 | €24,065 | ▲ 6.8% |
| Deferred charges and accrued income490/1 | €123,799 | €125,814 | €87,636 | €98,378 | €105,314 | ▲ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.8m | €1.6m | €1.6m | ▼ 2.7% |
| Equity10/15 | €576,347 | €643,470 | €661,929 | €689,527 | €729,253 | ▲ 5.8% |
| Contributions10/11 | €86,167 | €86,167 | €86,167 | €86,167 | €86,167 | = |
| Capital10 | €86,167 | €86,167 | €86,167 | €86,167 | €86,167 | = |
| Issued capital100 | €156,419 | €156,419 | €156,419 | €156,419 | €156,419 | = |
| Uncalled capital101 | €70,252 | €70,252 | €70,252 | €70,252 | €70,252 | = |
| Reserves13 | €79,738 | €150,279 | €167,820 | €194,361 | €233,902 | ▲ 20.3% |
| Non-distributable reserves130/1 | €15,642 | €15,642 | €15,642 | €15,642 | €15,642 | = |
| Legal reserve130 | €15,642 | €15,642 | €15,642 | €15,642 | €15,642 | = |
| Tax-exempt reserves132 | €64,096 | €62,637 | €61,178 | €59,719 | €58,260 | ▼ 2.4% |
| Distributable reserves133 | - | €72,000 | €91,000 | €119,000 | €160,000 | ▲ 34.5% |
| Profit (loss) carried forward14 | €406,722 | €407,024 | €407,941 | €408,998 | €409,183 | = |
| Investment grants15 | €3,720 | - | - | - | - | - |
| Provisions and deferred taxes16 | €13,585 | €13,098 | €12,612 | €12,126 | €11,640 | ▼ 4.0% |
| Deferred taxes168 | €13,585 | €13,098 | €12,612 | €12,126 | €11,640 | ▼ 4.0% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €921,354 | €837,976 | ▼ 9.0% |
| Amounts payable after more than one year17 | €933,485 | €779,905 | €693,072 | €613,385 | €532,110 | ▼ 13.3% |
| Financial debts170/4 | €858,485 | €756,905 | €670,072 | €590,385 | €509,110 | ▼ 13.8% |
| Other amounts payable178/9 | €75,000 | €23,000 | €23,000 | €23,000 | €23,000 | = |
| Amounts payable within one year42/48 | €289,858 | €373,792 | €362,710 | €259,522 | €264,595 | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | €103,319 | €102,469 | €86,832 | €79,908 | €81,276 | ▲ 1.7% |
| Financial debts43 | - | €2 | - | - | - | - |
| Credit institutions430/8 | - | €2 | - | - | - | - |
| Trade debts44 | €50,615 | €124,291 | €72,355 | €43,041 | €62,081 | ▲ 44.2% |
| Suppliers440/4 | €50,615 | €124,291 | €72,355 | €43,041 | €62,081 | ▲ 44.2% |
| Taxes, remuneration and social security45 | €52,470 | €29,684 | €40,765 | €19,627 | €29,534 | ▲ 50.5% |
| Taxes450/3 | €45,678 | €26,366 | €31,796 | €9,962 | €23,436 | ▲ 135% |
| Remuneration and social security454/9 | €6,792 | €3,318 | €8,969 | €9,665 | €6,098 | ▼ 36.9% |
| Other amounts payable47/48 | €83,454 | €117,345 | €162,757 | €116,947 | €91,704 | ▼ 21.6% |
| Accrued charges and deferred income492/3 | €86,077 | €52,615 | €41,014 | €48,446 | €41,272 | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,232 | €70,843 | €18,458 | €27,598 | €39,726 | ▲ 43.9% |
| + Depreciation and write-downs630 | €143,834 | €99,761 | €116,685 | €109,756 | €107,031 | ▼ 2.5% |
| Operating cash flow (approximation) | €245,066 | €170,604 | €135,144 | €137,355 | €146,757 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€97,008 | -€101,023 | -€34,394 | -€11,200 | ▲ 67.4% |
| Change in cash | - | -€108,840 | €9,439 | -€6,408 | €1,535 | ▲ 124% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
04-08
State Gazette act
Resignation: AXENSALVA Gilles (director)Appointment: IMMO HAC (director) · Permanent representative: Jessica CLAES · Registered-office move5 facts ▸
State Gazette act
Resignation: AXENSALVA Gilles (director)
Appointment: IMMO HAC (director) · Permanent representative: Jessica CLAES · Registered-office move5 facts ▸
- General meeting, 21-05-2026
- Director resignation, AXENSALVA Gilles (director)
- Director appointment, IMMO HAC (director)
- Permanent representative, Jessica CLAES (permanent representative)
- Registered-office move, 7024 CIPLY, rue Brunehaut 244
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €101,232 ▲10.4%
Operating result €175,519, net result €101,232, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.52 to 1.05; short-term debt falls from €355,849 to €289,858.
31-12
Financial
Equity above €500,000Eq €576,347 ▲20.4%
2 profitable years in a row build equity to €576,347.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €91,687
Net result €91,687 after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€16,009
Net result drops to -€16,009, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
IMMO HAC
CurrentDirector · since 21-05-2026 · Private limited company · perm. rep.: Jessica CLAES
Permanent representatives 1
Jessica CLAES
CurrentPermanent representative · since 21-05-2026 · for IMMO HAC
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1988
Ground area
2,672 m²
Building footprint
266 m²
Volume, LiDAR
2,062 m³
2 parcels, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ESSE SA
since 19882.038.949.896
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53018A0191/00P002 | Wallonia | 2,101 m² | 1 · 153 m² | 12.2 m · 3 fl. |
| 53014A1127/00S000 | Wallonia | 571 m² | 1 · 113 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| IMMO HAC |
|
| AXENSALVA Gilles |
|
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,291 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-05-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434421329
Registered
28-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.