ESSENGA
ActiveSummary
ESSENGA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,124 and a net result of -€64,824. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-91
Solvency64▼-17
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.49 against 2.21 in 2024; short-term debt: 57.8% and cash: 3.3% of total assets), and 61.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
38.8%
Return on assets
-27%
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
15 d late
2023
13 d early
2022
18 d early
2021
2 d early
2020
30 d early
2019
51 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 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€93,124▼ 41.0%
2024 · €157,948
Total assets
€240,147▼ 15.6%
2024 · €284,475
Net result
-€64,824
2024 · €50,237
Working capital
€68,422▼ 48.1%
2024 · €131,720
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€65,350€7,998▼ 87.8%€43,952▲ 450%€79,401▲ 80.7%-€60,613
Net result€58,141above the sector's middle half€4,445within the sector's middle half▼ 92.4%€25,382within the sector's middle half▲ 471%€50,237above the sector's middle half▲ 97.9%-€64,824below the sector's middle half
Equity€93,516within the sector's middle half▲ 132%€97,961within the sector's middle half▲ 4.8%€123,343within the sector's middle half▲ 25.9%€157,948above the sector's middle half▲ 28.1%€93,124within the sector's middle half▼ 41.0%
Total assets€193,429within the sector's middle half▲ 122%€157,207within the sector's middle half▼ 18.7%€419,391above the sector's middle half▲ 167%€284,475within the sector's middle half▼ 32.2%€240,147within the sector's middle half▼ 15.6%
Debt€99,913▲ 113%€59,246▼ 40.7%€296,049▲ 400%€126,527▼ 57.3%€147,023▲ 16.2%
Working capital€67,747within the sector's middle half▲ 421%€86,284within the sector's middle half▲ 27.4%€91,173above the sector's middle half▲ 5.7%€131,720above the sector's middle half▲ 44.5%€68,422within the sector's middle half▼ 48.1%
Solvency48.3%within the sector's middle half▲ 2.0pp62.3%within the sector's middle half▲ 14.0pp29.4%within the sector's middle half▼ 32.9pp55.5%within the sector's middle half▲ 26.1pp38.8%within the sector's middle half▼ 16.7pp
Current ratio1.76within the sector's middle half▲ 0.352.61within the sector's middle half▲ 0.851.34within the sector's middle half▼ 1.272.21within the sector's middle half▲ 0.871.49within the sector's middle half▼ 0.72
Return on assets (ROA)30.1%above the sector's middle half▲ 99.2pp2.8%within the sector's middle half▼ 27.2pp6.1%within the sector's middle half▲ 3.2pp17.7%above the sector's middle half▲ 11.6pp-27.0%below the sector's middle half▼ 44.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €60,613 after €79,401 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240,147
Fixed assets
€32,951 ▼ 25.0%
Current assets
€207,196 ▼ 13.9%
Equity and liabilities €240,147
Equity
€93,124 ▼ 41.0%
Debt
€147,023 ▲ 16.2%
Debt's share of the balance-sheet total rises from 44.5% to 61.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€48,587▼
2024 · €95,550
Cash flow
-€52,798▼
2024 · €66,386
Debt to equity
1.58▲
2024 · 0.80
ROE
-69.6%▼
2024 · 31.8%
Interest coverage
-11.34▼
2024 · 9.96
Debt ≤ 1 year
€138,774▲
2024 · €108,796
Debt > 1 year
€8,249▼
2024 · €17,731
Income taxes
€231▼
2024 · €19,962
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 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,837 | €15,303 | €9,513 | €16,149 | €12,026 | ▼ 25.5% |
| Other operating charges640/8 | €7,973 | €3,459 | €1,617 | €2,894 | €1,900 | ▼ 34.4% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €88,159 | €26,760 | €55,082 | €98,444 | -€46,687 | ▼ 147% |
| Operating profit (loss)9901 | €65,350 | €7,998 | €43,952 | €79,401 | -€60,613 | ▼ 176% |
| Financial income75/76B | €164 | €2,775 | €211 | €396 | €305 | ▼ 22.9% |
| Recurring financial income75 | €164 | €2,775 | €211 | €396 | €305 | ▼ 22.9% |
| Financial charges65/66B | €2,048 | €1,557 | €8,659 | €9,598 | €4,286 | ▼ 55.3% |
| Recurring financial charges65 | €2,048 | €1,557 | €8,659 | €9,598 | €4,286 | ▼ 55.3% |
| Profit (loss) for the period before taxes9903 | €63,466 | €9,217 | €35,504 | €70,199 | -€64,593 | ▼ 192% |
| Income taxes67/77 | €5,325 | €4,772 | €10,122 | €19,962 | €231 | ▼ 98.8% |
| Profit (loss) for the period9904 | €58,141 | €4,445 | €25,382 | €50,237 | -€64,824 | ▼ 229% |
| Profit (loss) for the period to be appropriated9905 | €58,141 | €4,445 | €25,382 | €50,237 | -€64,824 | ▼ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,429 | €157,207 | €419,391 | €284,475 | €240,147 | ▼ 15.6% |
| Fixed assets21/28 | €36,059 | €17,331 | €58,947 | €43,958 | €32,951 | ▼ 25.0% |
| Intangible fixed assets21 | €1,964 | €607 | €251 | €0 | - | - |
| Tangible fixed assets22/27 | €27,965 | €14,662 | €56,635 | €41,897 | €30,889 | ▼ 26.3% |
| Plant, machinery and equipment23 | €4,293 | €2,847 | €3,458 | €1,898 | €1,487 | ▼ 21.7% |
| Furniture and vehicles24 | €9,389 | €2,293 | €48,416 | €39,999 | €29,402 | ▼ 26.5% |
| Leasing and similar rights25 | €14,283 | €9,522 | €4,761 | €0 | - | - |
| Financial fixed assets28 | €6,130 | €2,061 | €2,061 | €2,061 | €2,061 | = |
| Current assets29/58 | €157,370 | €139,876 | €360,444 | €240,517 | €207,196 | ▼ 13.9% |
| Amounts receivable after more than one year29 | - | - | - | €25,373 | €25,373 | = |
| Other amounts receivable291 | - | - | - | €25,373 | €25,373 | = |
| Stocks and contracts in progress3 | - | €77,733 | €88,832 | €0 | - | - |
| Stocks30/36 | - | - | €42,451 | €0 | - | - |
| Contracts in progress37 | - | €77,733 | €46,381 | €0 | - | - |
| Amounts receivable within one year40/41 | €146,299 | €18,763 | €233,804 | €152,572 | €165,086 | ▲ 8.2% |
| Trade receivables40 | €137,623 | €18,654 | €143,658 | €149,609 | €162,865 | ▲ 8.9% |
| Other amounts receivable41 | €8,676 | €110 | €90,146 | €2,963 | €2,220 | ▼ 25.1% |
| Cash at bank and in hand54/58 | €9,326 | €35,806 | €28,994 | €53,434 | €7,891 | ▼ 85.2% |
| Deferred charges and accrued income490/1 | €1,744 | €7,574 | €8,815 | €9,138 | €8,846 | ▼ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,429 | €157,207 | €419,391 | €284,475 | €240,147 | ▼ 15.6% |
| Equity10/15 | €93,516 | €97,961 | €123,343 | €157,948 | €93,124 | ▼ 41.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €88,297 | €88,297 | €110,943 | €145,548 | €143,688 | ▼ 1.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Other1319 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €86,437 | €86,437 | €109,083 | €145,548 | €143,688 | ▼ 1.3% |
| Profit (loss) carried forward14 | -€7,181 | -€2,736 | €0 | €0 | -€62,964 | - |
| Amounts payable17/49 | €99,913 | €59,246 | €296,049 | €126,527 | €147,023 | ▲ 16.2% |
| Amounts payable after more than one year17 | €10,290 | €5,655 | €26,778 | €17,731 | €8,249 | ▼ 53.5% |
| Financial debts170/4 | €10,290 | €5,655 | €26,778 | €17,731 | €8,249 | ▼ 53.5% |
| Amounts payable within one year42/48 | €89,623 | €53,592 | €269,271 | €108,796 | €138,774 | ▲ 27.6% |
| Current portion of amounts payable after more than one year42 | €4,570 | €4,636 | €14,283 | €9,999 | €9,482 | ▼ 5.2% |
| Financial debts43 | - | - | €100,000 | €0 | €75,000 | - |
| Credit institutions430/8 | - | - | €100,000 | €0 | €75,000 | - |
| Trade debts44 | €51,355 | €11,691 | €76,066 | €66,437 | €29,468 | ▼ 55.6% |
| Suppliers440/4 | €51,355 | €11,691 | €76,066 | €66,437 | €29,468 | ▼ 55.6% |
| Taxes, remuneration and social security45 | €6,059 | €20,973 | €70,239 | €11,734 | €1,389 | ▼ 88.2% |
| Taxes450/3 | €3,909 | €20,973 | €70,239 | €11,734 | €1,389 | ▼ 88.2% |
| Remuneration and social security454/9 | €2,150 | €0 | - | - | - | - |
| Other amounts payable47/48 | €27,639 | €16,292 | €8,683 | €20,626 | €23,435 | ▲ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,141 | €4,445 | €25,382 | €50,237 | -€64,824 | ▼ 229% |
| + Depreciation and write-downs630 | €14,837 | €15,303 | €9,513 | €16,149 | €12,026 | ▼ 25.5% |
| Operating cash flow (approximation) | €72,977 | €19,748 | €34,894 | €66,386 | -€52,798 | ▼ 180% |
| Investment in fixed assets (approximation) | - | €3,425 | -€51,129 | -€1,160 | -€1,018 | ▲ 12.2% |
| Change in cash | - | €26,480 | -€6,812 | €24,440 | -€45,543 | ▼ 286% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€64,824
Net result drops to -€64,824, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
30-09
Financial
Equity above €150,000Eq €157,948 ▲28.1%
4 profitable years in a row build equity to €157,948.
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100,000Eq €123,343 ▲25.9%
3 profitable years in a row build equity to €123,343.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €58,141
Net result €58,141 after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-12
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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 2010
Ground area
3,663 m²
Building footprint
209 m²
Volume, LiDAR
952 m³
Parcel 44037B0454/00B000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldweg 3, 9870 Zulte
since 20102.184.358.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037B0454/00B000 | Flanders | 3,663 m² | 1 · 209 m² | 7.2 m · 2 fl. |
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 7,038 companies in this sector we hold annual accounts for 3,481. 3,068 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-01-2010
Fiscal year end30-09
Activities, NACEBEL 2025
43221Plumbing work
41001General construction of residential buildings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
62200Computer consultancy and computer facilities management
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821936527
Also
9925:BE0821936527
Registered
06-12-2025
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.