ESSENSYS
ActiveSummary
ESSENSYS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€45,277. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 55% of 9436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-5
Solvency62▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.73 in 2024; short-term debt: 59.7% and cash: 37.7% of total assets), and 63.2% 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
36.8%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1919202122232425
2019 to 2025 · latest year -€45,277
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
27 d late
2023
57 d late
2022
60 d late
2021
78 d late
2020
61 d late
2019
11 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 42 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. Usually files around 27 September (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by total assets in Damme, Real estate sector#8 company by equity in Damme, Real estate sector
Equity
€1.5m▼ 3.0%
2024 · €1.5m
Total assets
€4.0m▼ 5.8%
2024 · €4.2m
Net result
-€45,277▼ 34.5%
2024 · -€33,659
Working capital
-€612,702▲ 11.9%
2024 · -€695,805
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 68, Real estate 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-€58,694-€13,480▲ 77.0%€317,729€129,445▼ 59.3%€84,382▼ 34.8%
Net result-€126,708below the sector's middle half-€71,817below the sector's middle half▲ 43.3%€163,871above the sector's middle half-€33,659below the sector's middle half-€45,277below the sector's middle half▼ 34.5%
Equity€1.5mabove the sector's middle half▼ 7.1%€1.4mabove the sector's middle half▼ 4.9%€1.5mabove the sector's middle half▲ 11.8%€1.5mabove the sector's middle half▼ 2.2%€1.5mabove the sector's middle half▼ 3.0%
Total assets€2.8mabove the sector's middle half▲ 20.5%€2.7mabove the sector's middle half▼ 3.2%€3.9mabove the sector's middle half▲ 41.6%€4.2mabove the sector's middle half▲ 9.7%€4.0mabove the sector's middle half▼ 5.8%
Debt€1.3m▲ 83.4%€1.3m▼ 1.3%€2.3m▲ 73.8%€2.7m▲ 17.9%€2.5m▼ 7.4%
Working capital-€731,520below the sector's middle half▼ 29.7%-€847,066below the sector's middle half▼ 15.8%-€802,180below the sector's middle half▲ 5.3%-€695,805below the sector's middle half▲ 13.3%-€612,702below the sector's middle half▲ 11.9%
Solvency51.7%within the sector's middle half▼ 15.4pp50.7%within the sector's middle half▼ 0.9pp40.1%within the sector's middle half▼ 10.7pp35.7%within the sector's middle half▼ 4.3pp36.8%within the sector's middle half▲ 1.1pp
Current ratio0.35below the sector's middle half▲ 0.180.27below the sector's middle half▼ 0.080.63within the sector's middle half▲ 0.360.73within the sector's middle half▲ 0.100.74within the sector's middle half▲ 0.01
Return on assets (ROA)-4.5%below the sector's middle half▼ 5.0pp-2.6%below the sector's middle half▲ 1.9pp4.2%within the sector's middle half▲ 6.9pp-0.8%within the sector's middle half▼ 5.0pp-1.1%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€2.2m ▼ 5.6%
Current assets
€1.8m ▼ 6.0%
Equity and liabilities €4.0m
Equity
€1.5m ▼ 3.0%
Provisions
€23,141 ▼ 6.2%
Debt
€2.5m ▼ 7.4%
Debt's share of the balance-sheet total falls from 63.7% to 62.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€234,664▼
2024 · €284,668
Cash flow
€105,005▼
2024 · €121,565
Quick ratio
0.66▲
2024 · 0.05
Debt to equity
1.70▼
2024 · 1.78
ROE
-3.1%▼
2024 · -2.2%
Interest coverage
2.04▼
2024 · 2.58
Debt ≤ 1 year
€2.4m▼
2024 · €2.6m
Debt > 1 year
€4,545▼
2024 · €12,482
Income taxes
€16,308▼
2024 · €54,861
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 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 8,612 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 | €0 | €12,374 | €111,342 | €4,145 | €1,483 | ▼ 64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,532 | €119,105 | €147,533 | €155,224 | €150,282 | ▼ 3.2% |
| Other operating charges640/8 | €8,225 | €15,075 | €19,132 | €18,047 | €18,365 | ▲ 1.8% |
| Non-recurring operating charges66A | €367,415 | €5,635 | €15,003 | €5,427 | €2,000 | ▼ 63.1% |
| Gross operating margin9900 | €452,479 | €126,335 | €499,397 | €308,142 | €255,028 | ▼ 17.2% |
| Operating profit (loss)9901 | -€58,694 | -€13,480 | €317,729 | €129,445 | €84,382 | ▼ 34.8% |
| Financial income75/76B | €1,215 | €150 | €106 | €443 | €33 | ▼ 92.6% |
| Recurring financial income75 | €1,215 | €150 | €106 | €443 | €33 | ▼ 92.6% |
| Financial charges65/66B | €39,810 | €43,407 | €77,267 | €110,203 | €114,902 | ▲ 4.3% |
| Recurring financial charges65 | €39,810 | €43,407 | €77,267 | €110,203 | €114,902 | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | -€97,289 | -€56,737 | €240,568 | €19,685 | -€30,487 | ▼ 255% |
| Transfer from deferred taxes780 | €1,144 | €1,518 | €1,518 | €1,518 | €1,518 | = |
| Income taxes67/77 | €30,563 | €16,598 | €78,215 | €54,861 | €16,308 | ▼ 70.3% |
| Profit (loss) for the period9904 | -€126,708 | -€71,817 | €163,871 | -€33,659 | -€45,277 | ▼ 34.5% |
| Transfer from tax-exempt reserves789 | €4,574 | €6,071 | €6,071 | €6,071 | €6,071 | = |
| Profit (loss) for the period to be appropriated9905 | -€122,134 | -€65,746 | €169,943 | -€27,587 | -€39,206 | ▼ 42.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.7m | €3.9m | €4.2m | €4.0m | ▼ 5.8% |
| Fixed assets21/28 | €2.4m | €2.4m | €2.5m | €2.4m | €2.2m | ▼ 5.6% |
| Tangible fixed assets22/27 | €2.2m | €2.2m | €2.3m | €2.2m | €2.0m | ▼ 6.1% |
| Land and buildings22 | €2.1m | €2.0m | €1.9m | €1.9m | €1.8m | ▼ 4.3% |
| Plant, machinery and equipment23 | €6,623 | €98,819 | €154,842 | €150,633 | €150,420 | ▼ 0.1% |
| Furniture and vehicles24 | €163,176 | €106,162 | €212,594 | €153,893 | €101,127 | ▼ 34.3% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €189,545 | €189,545 | €189,545 | €189,545 | €189,545 | = |
| Current assets29/58 | €398,705 | €321,024 | €1.4m | €1.9m | €1.8m | ▼ 6.0% |
| Stocks and contracts in progress3 | - | - | €1.1m | €1.8m | €196,906 | ▼ 88.8% |
| Stocks30/36 | - | - | €1.1m | €1.8m | €196,906 | ▼ 88.8% |
| Amounts receivable within one year40/41 | €346,043 | €170,849 | €232,141 | €112,281 | €61,299 | ▼ 45.4% |
| Trade receivables40 | €322,273 | €164,890 | €225,965 | €110,208 | €60,644 | ▼ 45.0% |
| Other amounts receivable41 | €23,770 | €5,958 | €6,176 | €2,073 | €656 | ▼ 68.4% |
| Cash at bank and in hand54/58 | €42,429 | €121,809 | €32,687 | €5,874 | €1.5m | ▲ 25,570% |
| Deferred charges and accrued income490/1 | €10,233 | €28,367 | €12,747 | €10,987 | €6,357 | ▼ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.7m | €3.9m | €4.2m | €4.0m | ▼ 5.8% |
| Equity10/15 | €1.5m | €1.4m | €1.5m | €1.5m | €1.5m | ▼ 3.0% |
| Contributions10/11 | €772,000 | €772,000 | €772,000 | €772,000 | €772,000 | = |
| Capital10 | €772,000 | €772,000 | €772,000 | €772,000 | €772,000 | = |
| Issued capital100 | €772,000 | €772,000 | €772,000 | €772,000 | €772,000 | = |
| Reserves13 | €685,145 | €613,328 | €777,200 | €743,541 | €698,264 | ▼ 6.1% |
| Non-distributable reserves130/1 | €77,200 | €77,200 | €77,200 | €77,200 | €77,200 | = |
| Legal reserve130 | €77,200 | €77,200 | €77,200 | €77,200 | €77,200 | = |
| Tax-exempt reserves132 | €132,446 | €126,374 | €120,303 | €114,232 | €108,161 | ▼ 5.3% |
| Distributable reserves133 | €475,500 | €409,754 | €579,696 | €552,109 | €512,903 | ▼ 7.1% |
| Provisions and deferred taxes16 | €29,213 | €27,695 | €26,177 | €24,659 | €23,141 | ▼ 6.2% |
| Deferred taxes168 | €29,213 | €27,695 | €26,177 | €24,659 | €23,141 | ▼ 6.2% |
| Amounts payable17/49 | €1.3m | €1.3m | €2.3m | €2.7m | €2.5m | ▼ 7.4% |
| Amounts payable after more than one year17 | €172,130 | €109,962 | €59,420 | €12,482 | €4,545 | ▼ 63.6% |
| Financial debts170/4 | €167,710 | €105,316 | €54,774 | €7,837 | €0 | ▼ 100% |
| Other amounts payable178/9 | €4,421 | €4,645 | €4,645 | €4,645 | €4,545 | ▼ 2.2% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €2.2m | €2.6m | €2.4m | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | €62,175 | €62,524 | €50,542 | €47,303 | €7,837 | ▼ 83.4% |
| Financial debts43 | €0 | €35 | €32 | €0 | - | - |
| Credit institutions430/8 | €0 | €35 | €32 | €0 | - | - |
| Trade debts44 | €26,593 | €69,740 | €31,904 | €56,579 | €14,039 | ▼ 75.2% |
| Suppliers440/4 | €26,593 | €69,740 | €31,904 | €56,579 | €14,039 | ▼ 75.2% |
| Advances received on contracts in progress46 | €10,000 | €47,680 | €52,818 | €43,983 | €49,420 | ▲ 12.4% |
| Taxes, remuneration and social security45 | €48,677 | €65,052 | €134,978 | €143,499 | €36,871 | ▼ 74.3% |
| Taxes450/3 | €48,677 | €60,752 | €132,328 | €138,199 | €34,221 | ▼ 75.2% |
| Remuneration and social security454/9 | - | €4,300 | €2,650 | €5,300 | €2,650 | ▼ 50.0% |
| Other amounts payable47/48 | €982,780 | €923,059 | €1.9m | €2.3m | €2.3m | ▼ 0.6% |
| Accrued charges and deferred income492/3 | €32,169 | €39,692 | €61,753 | €105,629 | €111,332 | ▲ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€126,708 | -€71,817 | €163,871 | -€33,659 | -€45,277 | ▼ 34.5% |
| + Depreciation and write-downs630 | €135,532 | €119,105 | €147,533 | €155,224 | €150,282 | ▼ 3.2% |
| Operating cash flow (approximation) | €8,824 | €47,288 | €311,405 | €121,565 | €105,005 | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | -€106,670 | -€236,521 | -€10,610 | -€18,151 | ▼ 71.1% |
| Change in cash | - | €79,380 | -€89,122 | -€26,813 | €1.5m | ▲ 5,701% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
04-06
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Back to profitnet €163,871
Net result €163,871 after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet -€126,708
Net result drops to -€126,708, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
11-09
State Gazette act
Board meeting · Director appointment
Permanent representative
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 11 days late
16-06
State Gazette act
Board meeting · Permanent representative
Merger
Show earlier events
27-04
State Gazette act
Board meeting · Merger
Permanent representative
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2015
21-04
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
21-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2014
21-03
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
25-02
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
19-02
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Damme · 1 establishment unit since 2003
Ground area
1,693 m²
Building footprint
261 m²
Volume, LiDAR
1,270 m³
Parcel 31026A1001/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Antwerpse Heirweg 62, 8340 Damme
since 20032.139.750.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026A1001/00E000 | Flanders | 1,693 m² | 1 · 261 m² | 8.3 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
20%
-
16%
According to the 2025 annual accounts of ESSENSYS 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
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
2 board mandatesAcquisitions and mergers
1 transactionTook over:Loemax
Recognitions · licences · registrations
Legal Entity Identifier
967600W1F0W39SEDDR34
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Company details
Identification
Legal formPublic limited company
Founded05-06-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
62100Computer programming
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480687953
Also
9925:BE0480687953
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.