ESSEC TELECOM SYSTEMS
ActiveSummary
ESSEC TELECOM SYSTEMS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of €572,724. Equity is growing by ~13.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+12
Solvency64▼-16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.77 in 2023; short-term debt: 50.1% and cash: 10.5% of total assets), but 61.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2024Solvency, return and age of the figures
Solvency
38.9%
Return on assets
10.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
14 d early
2023
61 d late
2022
31 d late
2021
11 d early
2020
10 d early
2019
35 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 20 July (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 oldest company in Tessenderlo-Ham, Telecoms and IT sector#3 company by total assets in Tessenderlo-Ham, Telecoms and IT sector#4 company by equity in Tessenderlo-Ham, Telecoms and IT sector
Equity
€2.2m▼ 23.7%
2023 · €2.9m
Total assets
€5.6m▲ 7.3%
2023 · €5.2m
Net result
€572,724▲ 2,260%
2023 · €24,266
Working capital
€2.2m▼ 22.6%
2023 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20202021202220232024
Operating result€840,580▼ 36.0%€985,857▲ 17.3%€487,646▼ 50.5%€101,076▼ 79.3%€877,079▲ 768%
Net result€598,499above the sector's middle half▼ 33.3%€687,004above the sector's middle half▲ 14.8%€316,978above the sector's middle half▼ 53.9%€24,266within the sector's middle half▼ 92.3%€572,724above the sector's middle half▲ 2,260%
Equity€2.1mabove the sector's middle half▲ 16.3%€2.5mabove the sector's middle half▲ 18.1%€2.8mabove the sector's middle half▲ 12.6%€2.9mabove the sector's middle half▲ 0.9%€2.2mabove the sector's middle half▼ 23.7%
Total assets€4.3mabove the sector's middle half▲ 20.4%€5.1mabove the sector's middle half▲ 20.7%€4.5mabove the sector's middle half▼ 12.6%€5.2mabove the sector's middle half▲ 16.5%€5.6mabove the sector's middle half▲ 7.3%
Debt€2.1m▲ 24.8%€2.6m▲ 23.3%€1.7m▼ 36.9%€2.4m▲ 43.4%€3.4m▲ 44.8%
Working capital€2.2mabove the sector's middle half▲ 15.0%€2.6mabove the sector's middle half▲ 16.5%€2.9mabove the sector's middle half▲ 13.8%€2.8mabove the sector's middle half▼ 2.0%€2.2mabove the sector's middle half▼ 22.6%
Solvency50.1%within the sector's middle half▼ 1.8pp49.1%within the sector's middle half▼ 1.1pp63.2%within the sector's middle half▲ 14.2pp54.7%within the sector's middle half▼ 8.5pp38.9%within the sector's middle half▼ 15.8pp
Current ratio2.27within the sector's middle half▼ 0.152.15within the sector's middle half▼ 0.123.62above the sector's middle half▲ 1.472.77within the sector's middle half▼ 0.841.78within the sector's middle half▼ 0.99
Return on assets (ROA)14.1%within the sector's middle half▼ 11.3pp13.4%within the sector's middle half▼ 0.7pp7.1%within the sector's middle half▼ 6.3pp0.5%within the sector's middle half▼ 6.6pp10.2%within the sector's middle half▲ 9.7pp
Staff (FTE)33.2above the sector's middle half▲ 7.4%32.3above the sector's middle half▼ 2.7%29.1above the sector's middle half▼ 9.9%32.1above the sector's middle half▲ 10.3%35.7above the sector's middle half▲ 11.2%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 768% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.6m
Fixed assets
€599,585 ▼ 22.8%
Current assets
€5.0m ▲ 12.6%
Equity and liabilities €5.6m
Equity
€2.2m ▼ 23.7%
Debt
€3.4m ▲ 44.8%
Debt's share of the balance-sheet total rises from 45.3% to 61.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.1m▲
2023 · €295,124
Cash flow
€797,594▲
2023 · €218,313
Quick ratio
1.51▼
2023 · 2.22
Debt to equity
1.57▲
2023 · 0.83
ROE
26.2%▲
2023 · 0.8%
Interest coverage
12.58▲
2023 · 6.67
Debt ≤ 1 year
€2.8m▲
2023 · €1.6m
Debt > 1 year
€335,501▼
2023 · €425,361
Income taxes
€216,752▲
2023 · €32,585
Staff costs
€2.5m▼
2023 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,340 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% | 1.8% |
| 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €995 | €27,774 | €38,872 | - | - |
| Remuneration, social security and pensions62 | - | €1.8m | €2.1m | €2.6m | €2.5m | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128,403 | €116,557 | €139,308 | €194,047 | €224,871 | ▲ 15.9% |
| Other operating charges640/8 | - | €12,860 | €8,365 | €4,547 | €8,856 | ▲ 94.8% |
| Non-recurring operating charges66A | - | €7,392 | - | €37 | €1,062 | ▲ 2,772% |
| Gross operating margin9900 | €2.8m | €2.9m | €2.7m | €2.9m | €3.6m | ▲ 23.7% |
| Operating profit (loss)9901 | €840,580 | €985,857 | €487,646 | €101,076 | €877,079 | ▲ 768% |
| Financial income75/76B | - | €40 | €11 | - | - | - |
| Recurring financial income75 | €1,112 | €40 | €11 | - | - | - |
| Financial charges65/66B | - | €38,166 | €35,662 | €44,226 | €87,603 | ▲ 98.1% |
| Recurring financial charges65 | €8,912 | €38,166 | €35,662 | €44,226 | €87,603 | ▲ 98.1% |
| Profit (loss) for the period before taxes9903 | €832,780 | €947,732 | €451,996 | €56,850 | €789,476 | ▲ 1,289% |
| Income taxes67/77 | €234,281 | €260,727 | €135,018 | €32,585 | €216,752 | ▲ 565% |
| Profit (loss) for the period9904 | €598,499 | €687,004 | €316,978 | €24,266 | €572,724 | ▲ 2,260% |
| Profit (loss) for the period to be appropriated9905 | €598,499 | €687,004 | €316,978 | €24,266 | €572,724 | ▲ 2,260% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €5.1m | €4.5m | €5.2m | €5.6m | ▲ 7.3% |
| Fixed assets21/28 | €336,386 | €360,680 | €472,859 | €776,600 | €599,585 | ▼ 22.8% |
| Tangible fixed assets22/27 | €336,386 | €360,680 | €472,859 | €776,600 | €599,585 | ▼ 22.8% |
| Plant, machinery and equipment23 | - | €6,535 | €3,921 | €38,683 | €20,489 | ▼ 47.0% |
| Furniture and vehicles24 | - | €354,146 | €468,939 | €737,917 | €579,097 | ▼ 21.5% |
| Current assets29/58 | €3.9m | €4.8m | €4.0m | €4.5m | €5.0m | ▲ 12.6% |
| Stocks and contracts in progress3 | €609,002 | €533,817 | €717,192 | €882,688 | €770,969 | ▼ 12.7% |
| Stocks30/36 | - | €533,817 | €717,192 | €882,688 | €770,969 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €1.4m | €2.3m | €2.4m | €3.1m | €3.6m | ▲ 16.5% |
| Trade receivables40 | - | €1.1m | €942,970 | €1.2m | €1.1m | ▼ 15.4% |
| Other amounts receivable41 | - | €1.2m | €1.4m | €1.8m | €2.5m | ▲ 38.3% |
| Cash at bank and in hand54/58 | €1.9m | €1.9m | €839,746 | €436,673 | €592,057 | ▲ 35.6% |
| Deferred charges and accrued income490/1 | - | €45,319 | €71,978 | €77,006 | €88,288 | ▲ 14.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €5.1m | €4.5m | €5.2m | €5.6m | ▲ 7.3% |
| Equity10/15 | €2.1m | €2.5m | €2.8m | €2.9m | €2.2m | ▼ 23.7% |
| Contributions10/11 | €469,000 | €469,000 | €469,000 | €469,000 | €469,000 | = |
| Capital10 | - | €469,000 | €469,000 | €469,000 | €469,000 | = |
| Issued capital100 | - | €469,000 | €469,000 | €469,000 | €469,000 | = |
| Reserves13 | €1.7m | €2.1m | €2.4m | €2.4m | €1.7m | ▼ 28.3% |
| Non-distributable reserves130/1 | - | €46,900 | €46,900 | €46,900 | €46,900 | = |
| Legal reserve130 | - | €46,900 | €46,900 | €46,900 | €46,900 | = |
| Distributable reserves133 | - | €2.0m | €2.3m | €2.3m | €1.7m | ▼ 28.9% |
| Amounts payable17/49 | €2.1m | €2.6m | €1.7m | €2.4m | €3.4m | ▲ 44.8% |
| Amounts payable after more than one year17 | €148,489 | €91,546 | €242,411 | €425,361 | €335,501 | ▼ 21.1% |
| Financial debts170/4 | - | €91,546 | €242,411 | €425,361 | €335,501 | ▼ 21.1% |
| Amounts payable within one year42/48 | €1.7m | €2.2m | €1.1m | €1.6m | €2.8m | ▲ 75.0% |
| Current portion of amounts payable after more than one year42 | - | €79,628 | €105,637 | €152,342 | €134,605 | ▼ 11.6% |
| Financial debts43 | - | €200,880 | €240,893 | €201,194 | €234,951 | ▲ 16.8% |
| Other loans439 | - | €200,880 | €240,893 | €201,194 | €234,951 | ▲ 16.8% |
| Trade debts44 | €496,278 | €477,863 | €416,627 | €578,969 | €350,232 | ▼ 39.5% |
| Suppliers440/4 | - | €477,863 | €416,627 | €578,969 | €350,232 | ▼ 39.5% |
| Taxes, remuneration and social security45 | - | €330,657 | €282,525 | €448,917 | €495,420 | ▲ 10.4% |
| Taxes450/3 | - | €100,116 | €69,043 | €101,207 | €191,989 | ▲ 89.7% |
| Remuneration and social security454/9 | - | €230,541 | €213,482 | €347,710 | €303,431 | ▼ 12.7% |
| Other amounts payable47/48 | - | €1.1m | €65,593 | €224,674 | €1.6m | ▲ 610% |
| Accrued charges and deferred income492/3 | - | €301,959 | €297,902 | €337,211 | €283,017 | ▼ 16.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €598,499 | €687,004 | €316,978 | €24,266 | €572,724 | ▲ 2,260% |
| + Depreciation and write-downs630 | €128,403 | €116,557 | €139,308 | €194,047 | €224,871 | ▲ 15.9% |
| Operating cash flow (approximation) | €726,902 | €803,561 | €456,286 | €218,313 | €797,594 | ▲ 265% |
| Investment in fixed assets (approximation) | - | -€140,851 | -€251,487 | -€497,788 | -€47,856 | ▲ 90.4% |
| Change in cash | - | €22,291 | -€1.1m | -€403,074 | €155,384 | ▲ 139% |
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
30-09
State Gazette act
Reappointments: Johan Deroy, Luc Achten and Peter JansPower of attorney8 facts ▸
State Gazette act
Reappointments: Johan Deroy, Luc Achten and Peter Jans
Power of attorney8 facts ▸
- General meeting, 12-06-2026
- Director reappointment, Johan Deroy (non-statutory director)
- Director reappointment, Luc Achten (non-statutory director)
- Director reappointment, Peter Jans (non-statutory director)
- Board meeting, 11-06-2026
- Director reappointment, Johan Deroy (managing director)
- Director reappointment, Peter Jans (managing director)
- Power of attorney, BV JORDENS ACCOUNTANTS
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €24,266 ▼92.3%
Net result drops to €24,266, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2mEq €2.1m ▲16.3%
3 profitable years in a row build equity to €2.1m.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €896,931 ▲95.1%
Operating result €1.3m, net result €896,931, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26121471). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Johan Deroy
CurrentNon-statutory director · since 12-06-2026
Luc Achten
CurrentNon-statutory director · since 12-06-2026
Peter Jans
CurrentNon-statutory director · since 12-06-2026
Day-to-day management 2
Johan Deroy
CurrentManaging director · since 12-06-2026
Peter Jans
CurrentManaging director · since 12-06-2026
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
6 of this company's 7 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, Tessenderlo-Ham · 1 establishment unit since 1990
Ground area
7,450 m²
Building footprint
1,126 m²
Volume, LiDAR
1 m³
Parcel 71362B1681/00A000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
ESSEC TELECOM SYSTEMS
since 19902.050.420.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71362B1681/00A000 | Flanders | 7,450 m² | 1 · 1,126 m² | 0.4 m |
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.
Mandate history
3 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Johan Deroy |
|
| Luc Achten |
|
| Peter Jans |
|
Structure & network
Owners and holdings
1 ownerChain of control
- ESSCOMM
- DIRCOM
- ESSEC GROUP
- ESSEC TELECOM SYSTEMS
Highest known parent: ESSCOMM. The sources do not say who stands above it.
Owners 1
- ESSEC GROUPparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 908 EUR awarded · 949 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 245 EUR | 245 EUR |
| 2024 | 1 | 267 EUR | 267 EUR |
| 2023 | 1 | 0 EUR | 41 EUR |
| 2022 | 1 | 396 EUR | 396 EUR |
Recognitions · licences · registrations
Recognised contractor
6 categoriesESSEC TELECOM SYSTEMS NV27823
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Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 2,519 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
Founded16-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441890329
Registered
11-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.