Summary
ESSELLE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.18M and a net result of €30k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 94% of 8023 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
51 d early
2023
47 d early
2022
22 d early
2021
23 d early
2020
34 d early
2019
25 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.18M▲ 1.4%
2024 · €2.15M
2018: €2.37M
2019: €2.39M
2020: €2.41M
2021: €2.42M
2022: €2.18M
2023: €2.21M
2024: €2.15M
2018 → 2025
Net result
€30k
2024 · €-13k
2018: €702k
2019: €26k
2020: €22k
2021: €6k
2022: €50k
2023: €28k
2024: €-13k
2018 → 2025
Total assets
€2.27M▼ 0.8%
2024 · €2.29M
2018: €2.56M
2019: €2.66M
2020: €2.69M
2021: €2.57M
2022: €2.30M
2023: €2.31M
2024: €2.29M
2018 → 2025
Solvency
95.9%▲ 2.1pp
2024 · 93.8%
2018: 92.3%
2019: 90.0%
2020: 89.7%
2021: 94.2%
2022: 95.1%
2023: 95.8%
2024: 93.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.42M-€2.18M▼ 9.8%€2.21M▲ 1.3%€2.15M▼ 2.8%€2.18M▲ 1.4%
Operating result€-12k-€53k€32k▼ 38.9%€-20k€37k
Net result€6k-€50k▲ 740%€28k▼ 44.6%€-13k€30k
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 returns to profit in 2025: €37k after a loss of €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.27M
Fixed assets
€2.03M ▲ 5.8%
Current assets
€242k ▼ 34.7%
Equity and liabilities €2.27M
Equity
€2.18M ▲ 1.4%
Debt
€94k ▼ 34.1%
Debt's share of the balance-sheet total falls from 6.2% to 4.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.4%▲
2024 · -0.6%
ROA
1.3%▲
2024 · -0.6%
Debt ≤ 1 year
€94k▼
2024 · €142k
Income taxes
€12k▲
2024 · €2k
Staff costs
€2k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.29M€2.27M▼
Fixed assets21/28€1.92M€2.03M▲
Tangible fixed assets22/27€228k€339k▲
Land and buildings22€170k€244k▲
Furniture and vehicles24€58k€95k▲
Leasing and similar rights25€0-
Financial fixed assets28€1.69M€1.69M=
Current assets29/58€371k€242k▼
Amounts receivable within one year40/41€318k€61k▼
Trade receivables40€32k€13k▼
Other amounts receivable41€286k€48k▼
Current investments50/53-€8k
Cash at bank and in hand54/58€44k€168k▲
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.29M€2.27M▼
Equity10/15€2.15M€2.18M▲
Contributions10/11€1.56M€1.56M=
Reserves13€589k€619k▲
Distributable reserves133€589k€619k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€142k€94k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€142k€94k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€59k€51k▼
Suppliers440/4€59k€51k▼
Taxes, remuneration and social security45€35k€43k▲
Taxes450/3€25k€33k▲
Remuneration and social security454/9€10k€10k=
Other amounts payable47/48€49k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€23k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€32k▲
Other operating charges640/8€2k€16k▲
Non-recurring operating charges66A€13k€3k▼
Gross operating margin9900€44k€89k▲
Operating profit (loss)9901€-20k€37k▲
Financial income75/76B€11k€5k▼
Recurring financial income75€11k€5k▼
Financial charges65/66B€1k€341▼
Recurring financial charges65€1k€341▼
Profit (loss) for the period before taxes9903€-11k€42k▲
Income taxes67/77€2k€12k▲
Profit (loss) for the period9904€-13k€30k▲
Profit (loss) for the period to be appropriated9905€-13k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€30k▲
Transfer from equity791/2€62k€0▼
Transfer to equity691/2€0€30k▲
To other reserves6921€0€30k▲
Profit to be distributed694/7€49k€0▼
Return on contributions (dividend)694€49k€0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k ▼148%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 7.97
Current ratio from 3.05 to 7.97; short-term debt falls from €277k to €77k.
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Waregem · 1 establishment unit since 2013
Ground area
3,180 m²
Building footprint
196 m²
Volume, LiDAR
986 m³
Parcel 34452B1012/00H000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESSELLE
since 20132.225.004.311
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1012/00H000 | Flanders | 3,180 m² | 1 · 196 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,725 companies in sector 64210 we hold annual accounts for 19,762. 10,662 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.