Essensium
ActiveSummary
Essensium has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.1m and a net result of -€2,082. Equity is growing by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 2838 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-3
Solvency78▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.26 in 2023; short-term debt: 43.3% and cash: 7.4% of total assets), and 47.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 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
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 2024Solvency, return and age of the figures
Solvency
52.8%
Return on assets
0%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-05-2025, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
83 d early
2023
64 d early
2022
68 d early
2021
1 d late
2020
75 d early
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days 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 (1)
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 Is the workforce growing, and do people stay?Employer 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 fastest grower in Leuven, Telecoms and IT sector#6 employer in Leuven, Telecoms and IT sector
Equity
€5.1m▲ 10.9%
2023 · €4.6m
Total assets
€9.6m▲ 36.9%
2023 · €7.0m
Net result
-€2,082
2023 · €172,408
Working capital
-€371,689
2023 · €577,225
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€656,803▲ 29.2%€1.5m▲ 122%€950,117▼ 35.0%€135,209▼ 85.8%-€38,484
Net result€721,364above the sector's middle half▲ 29.7%€1.5mabove the sector's middle half▲ 111%€976,538above the sector's middle half▼ 35.7%€172,408above the sector's middle half▼ 82.3%-€2,082within the sector's middle half
Equity€1.9mabove the sector's middle half▲ 61.3%€3.4mabove the sector's middle half▲ 80.1%€4.4mabove the sector's middle half▲ 28.6%€4.6mabove the sector's middle half▲ 3.9%€5.1mabove the sector's middle half▲ 10.9%
Total assets€2.5mabove the sector's middle half▲ 14.8%€4.0mabove the sector's middle half▲ 58.7%€5.1mabove the sector's middle half▲ 26.9%€7.0mabove the sector's middle half▲ 38.3%€9.6mabove the sector's middle half▲ 36.9%
Debt€618,323▼ 39.1%€576,850▼ 6.7%€674,128▲ 16.9%€2.4m▲ 262%€4.5m▲ 85.4%
Working capital€1.3mabove the sector's middle half▲ 89.2%€1.8mabove the sector's middle half▲ 43.3%€1.8mabove the sector's middle half▼ 1.1%€577,225above the sector's middle half▼ 67.8%-€371,689below the sector's middle half
Solvency75.4%above the sector's middle half▲ 21.8pp85.6%above the sector's middle half▲ 10.1pp86.7%above the sector's middle half▲ 1.1pp65.1%within the sector's middle half▼ 21.6pp52.8%within the sector's middle half▼ 12.4pp
Current ratio3.89above the sector's middle half▲ 2.154.75above the sector's middle half▲ 0.864.03above the sector's middle half▼ 0.721.26within the sector's middle half▼ 2.770.91below the sector's middle half▼ 0.35
Return on assets (ROA)28.7%above the sector's middle half▲ 3.3pp38.0%above the sector's middle half▲ 9.4pp19.3%above the sector's middle half▼ 18.8pp2.5%within the sector's middle half▼ 16.8pp0.0%within the sector's middle half▼ 2.5pp
Staff (FTE)29.2above the sector's middle half▲ 22.7%33.9above the sector's middle half▲ 16.1%37.8above the sector's middle half▲ 11.5%47.1above the sector's middle half▲ 24.6%51.6above the sector's middle half▲ 9.6%
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 turns negative in 2024: a loss of €38,484 after €135,209 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.6m
Fixed assets
€5.8m ▲ 37.1%
Current assets
€3.8m ▲ 36.5%
Equity and liabilities €9.6m
Equity
€5.1m ▲ 10.9%
Debt
€4.5m ▲ 85.4%
Debt's share of the balance-sheet total rises from 34.9% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▲
2023 · €1.1m
Cash flow
€1.4m▲
2023 · €1.1m
Quick ratio
0.84▼
2023 · 1.14
Debt to equity
0.89▲
2023 · 0.53
ROE
0.0%▼
2023 · 3.8%
Interest coverage
15.96▼
2023 · 70.10
Debt ≤ 1 year
€4.2m▲
2023 · €2.2m
Income taxes
-€122,040▼
2023 · -€52,511
Staff costs
€5.2m▲
2023 · €4.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96%
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 823 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.7m | €3.2m | €4.4m | €5.2m | ▲ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €264,774 | €435,542 | €598,546 | €951,056 | €1.4m | ▲ 50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €38,052 | €9,513 | €2,786 | - | - |
| Other operating charges640/8 | - | €868 | €1,029 | €1,125 | €1,480 | ▲ 31.6% |
| Gross operating margin9900 | €3.3m | €4.6m | €4.8m | €5.5m | €6.6m | ▲ 19.3% |
| Operating profit (loss)9901 | €656,803 | €1.5m | €950,117 | €135,209 | -€38,484 | ▼ 128% |
| Financial income75/76B | - | €0 | €108 | €184 | €1,690 | ▲ 818% |
| Recurring financial income75 | €1 | €0 | €108 | €184 | €1,690 | ▲ 818% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €219 | €3,687 | €15,496 | €87,328 | ▲ 464% |
| Recurring financial charges65 | €7,527 | €219 | €3,687 | €15,496 | €87,328 | ▲ 464% |
| Profit (loss) for the period before taxes9903 | €702,307 | €1.5m | €946,538 | €119,897 | -€124,122 | ▼ 204% |
| Income taxes67/77 | -€19,058 | -€59,070 | -€30,000 | -€52,511 | -€122,040 | ▼ 132% |
| Profit (loss) for the period9904 | €721,364 | €1.5m | €976,538 | €172,408 | -€2,082 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €721,364 | €1.5m | €976,538 | €172,408 | -€2,082 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €4.0m | €5.1m | €7.0m | €9.6m | ▲ 36.9% |
| Fixed assets21/28 | €816,205 | €1.7m | €2.7m | €4.2m | €5.8m | ▲ 37.1% |
| Intangible fixed assets21 | €761,771 | €1.6m | €2.6m | €4.2m | €5.7m | ▲ 37.8% |
| Tangible fixed assets22/27 | €37,976 | €41,483 | €37,511 | €39,468 | €38,156 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €40,307 | €35,947 | €25,609 | €13,818 | ▼ 46.0% |
| Furniture and vehicles24 | - | - | €747 | €13,402 | €19,286 | ▲ 43.9% |
| Other tangible fixed assets26 | - | €1,177 | €817 | €457 | €5,052 | ▲ 1,005% |
| Financial fixed assets28 | €16,457 | €16,457 | €16,457 | €26,461 | €26,505 | ▲ 0.2% |
| Current assets29/58 | €1.7m | €2.3m | €2.4m | €2.8m | €3.8m | ▲ 36.5% |
| Stocks and contracts in progress3 | €16,035 | €116,008 | €217,921 | €259,849 | €305,311 | ▲ 17.5% |
| Stocks30/36 | - | €16,035 | €16,035 | €259,849 | €305,311 | ▲ 17.5% |
| Contracts in progress37 | - | €99,973 | €201,886 | - | - | - |
| Amounts receivable within one year40/41 | €635,170 | €912,866 | €1.1m | €2.3m | €2.7m | ▲ 19.5% |
| Trade receivables40 | - | €830,767 | €1.0m | €1.8m | €1.9m | ▲ 4.3% |
| Other amounts receivable41 | - | €82,100 | €114,134 | €458,483 | €823,932 | ▲ 79.7% |
| Current investments50/53 | €140 | €300,140 | €300,140 | €156 | €239 | ▲ 53.2% |
| Cash at bank and in hand54/58 | €841,108 | €924,691 | €644,737 | €130,648 | €709,673 | ▲ 443% |
| Deferred charges and accrued income490/1 | - | €39,570 | €80,404 | €104,929 | €47,971 | ▼ 54.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €4.0m | €5.1m | €7.0m | €9.6m | ▲ 36.9% |
| Equity10/15 | €1.9m | €3.4m | €4.4m | €4.6m | €5.1m | ▲ 10.9% |
| Contributions10/11 | €740,048 | €740,048 | €740,048 | €740,048 | €1.2m | ▲ 67.6% |
| Capital10 | - | €740,048 | €740,048 | €740,048 | €1.2m | ▲ 67.6% |
| Issued capital100 | - | €740,048 | €740,048 | €740,048 | €1.2m | ▲ 67.6% |
| Profit (loss) carried forward14 | €1.2m | €2.7m | €3.7m | €3.8m | €3.8m | ▼ 0.1% |
| Amounts payable17/49 | €618,323 | €576,850 | €674,128 | €2.4m | €4.5m | ▲ 85.4% |
| Amounts payable within one year42/48 | €437,201 | €482,755 | €590,927 | €2.2m | €4.2m | ▲ 89.3% |
| Financial debts43 | - | €0 | €5,609 | €1.1m | €2.4m | ▲ 123% |
| Credit institutions430/8 | - | €0 | €5,609 | €1.1m | €2.4m | ▲ 123% |
| Trade debts44 | €104,884 | €136,251 | €148,369 | €468,967 | €869,810 | ▲ 85.5% |
| Suppliers440/4 | - | €136,251 | €148,369 | €468,967 | €869,810 | ▲ 85.5% |
| Taxes, remuneration and social security45 | - | €346,503 | €436,950 | €637,614 | €860,902 | ▲ 35.0% |
| Taxes450/3 | - | €53,699 | €71,494 | €69,488 | €293,088 | ▲ 322% |
| Remuneration and social security454/9 | - | €292,804 | €365,455 | €568,126 | €567,814 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €94,096 | €83,201 | €247,345 | €374,030 | ▲ 51.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €721,364 | €1.5m | €976,538 | €172,408 | -€2,082 | ▼ 101% |
| + Depreciation and write-downs630 | €264,774 | €435,542 | €598,546 | €951,056 | €1.4m | ▲ 50.6% |
| Operating cash flow (approximation) | €986,138 | €2.0m | €1.6m | €1.1m | €1.4m | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€1.6m | -€2.5m | -€3.0m | ▼ 20.2% |
| Change in cash | - | €83,583 | -€279,954 | -€514,089 | €579,025 | ▲ 213% |
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
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€2,082
Net result drops to -€2,082, the lowest in the series.
31-12
Financial
Equity above €5mEq €5.1m ▲10.9%
Equity rises from €4.6m to €5.1m.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Highest result since 2018net €1.5m ▲111%
Operating result €1.5m, net result €1.5m, both a record.
31-12
Financial
Equity above €2mEq €3.4m ▲80.1%
4 profitable years in a row build equity to €3.4m.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.89
Current ratio from 1.74 to 3.89; short-term debt falls from €900,464 to €437,201.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Equity above €1mEq €1.2m ▲89.5%
2 profitable years in a row build equity to €1.2m.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
19 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, Leuven · 1 establishment unit since 2005
Ground area
1.2 ha
Building footprint
1,177 m²
Parcel 24040B0224/00B000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Essensium
since 20052.147.195.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24040B0224/00B000 | Flanders | 1.2 ha | 1 · 1,177 m² | - |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2024 annual accounts of Essensium and those 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 79,634 EUR awarded · 78,914 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 27,649 EUR | 27,649 EUR |
| 2024 | 3 | 24,367 EUR | 23,647 EUR |
| 2023 | 3 | 25,403 EUR | 25,403 EUR |
| 2022 | 1 | 2,215 EUR | 2,215 EUR |
Similar companies · same sector, comparable size
Mesalvo Turnhout
BE 0473.675.744
Turnhout · Eq €5,078,958
AspenTech Europe
BE 0445.190.705
Machelen (Brab.) · Eq €5,043,842
SAGE
BE 0419.618.535
Brussel · Eq €5,091,206
Acerta Services
BE 0453.045.428
Brussel · Eq €5,032,984
GuardSquare
BE 0550.675.829
Leuven · Eq €5,105,581
Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 1,312 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
Founded25-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
64210Activities of holding companies
Contact
E-mail
info@essensium.comLeuven
Phone
016 28 65 00Leuven
Fax
016 28 65 01Leuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872984063
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.