ESSI
BankruptcySummary
The KBO register records for ESSI the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €155k and a net result of €-6k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
28 d late
2022
32 d late
2021
31 d late
2020
25 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k
2022 · €45k
2018: €262khighest in 6 years
2019: €57k▼ -78.2% vs 2018
2020: €58k▲ +0.7% vs 2019
2021: €5k▼ -91.8% vs 2020
2022: €45k▲ +847% vs 2021
2023: €-6k▼ -114% vs 2022lowest in 6 years
2018 → 2023
Working capital
€154k▲ 2.7%
2022 · €150k
2018: €-166
2019: €-4k▼ -2443% vs 2018lowest in 6 years
2020: €56k▲ +1430% vs 2019
2021: €60k▲ +6.7% vs 2020
2022: €150k▲ +150% vs 2021
2023: €154k▲ +2.7% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€69k-€111k▲ 62.3%€116k▲ 4.3%€161k▲ 38.9%€155k▼ 3.8%
2019: €69klowest in 5 years
2020: €111k▲ +62.3% vs 2019
2021: €116k▲ +4.3% vs 2020
2022: €161k▲ +38.9% vs 2021highest in 5 years
2023: €155k▼ -3.8% vs 2022
Operating result€87k-€101k▲ 17.0%€32k▼ 68.7%€86k▲ 173%€29k▼ 66.5%
2019: €87k
2020: €101k▲ +17.0% vs 2019highest in 5 years
2021: €32k▼ -68.7% vs 2020
2022: €86k▲ +173% vs 2021
2023: €29k▼ -66.5% vs 2022lowest in 5 years
Net result€57k-€58k▲ 0.7%€5k▼ 91.8%€45k▲ 847%€-6k
2019: €57k
2020: €58k▲ +0.7% vs 2019highest in 5 years
2021: €5k▼ -91.8% vs 2020
2022: €45k▲ +847% vs 2021
2023: €-6k▼ -114% vs 2022lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 67% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €999k
Fixed assets
€91k ▼ 8.4%
Current assets
€908k ▼ 9.2%
Equity and liabilities €999k
Equity
€155k ▼ 3.8%
Debt
€845k ▼ 10.0%
Debt's share of the balance-sheet total falls from 85.4% to 84.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€60k▼
2022 · €115k
Cash flow
€25k▼
2022 · €74k
Current ratio
1.20▲
2022 · 1.18
Quick ratio
1.11▲
2022 · 1.08
Debt to equity
5.46▼
2022 · 5.83
ROE
-4.0%▼
2022 · 28.0%
ROA
-0.6%▼
2022 · 4.1%
Interest coverage
2.71▼
2022 · 7.88
Debt ≤ 1 year
€754k▼
2022 · €850k
Debt > 1 year
€90k▲
2022 · €89k
Income taxes
€13k▼
2022 · €27k
Staff costs
€1.10M▼
2022 · €1.12M
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 · 2023 against 2022 · 57 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.10M€999k▼
Fixed assets21/28€100k€91k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€84k€76k▼
Plant, machinery and equipment23€81k€66k▼
Furniture and vehicles24€3k€10k▲
Financial fixed assets28€16k€16k=
Current assets29/58€1,000k€908k▼
Stocks and contracts in progress3€80k€71k▼
Stocks30/36€80k€71k▼
Amounts receivable within one year40/41€888k€793k▼
Trade receivables40€868k€783k▼
Other amounts receivable41€20k€10k▼
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€29k€43k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€999k▼
Equity10/15€161k€155k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€99k€93k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€93k€87k▼
Amounts payable17/49€939k€845k▼
Amounts payable after more than one year17€89k€90k▲
Financial debts170/4€0-
Other amounts payable178/9€89k€90k▲
Amounts payable within one year42/48€850k€754k▼
Current portion of amounts payable after more than one year42€45k€29k▼
Financial debts43€215k€236k▲
Credit institutions430/8€215k€236k▲
Trade debts44€312k€256k▼
Suppliers440/4€312k€256k▼
Taxes, remuneration and social security45€254k€220k▼
Taxes450/3€90k€82k▼
Remuneration and social security454/9€164k€138k▼
Other amounts payable47/48€24k€14k▼
Income statement
Code20222023
Remuneration, social security and pensions62€1.12M€1.10M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€31k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17k
Other operating charges640/8€4k€3k▼
Gross operating margin9900€1.23M€1.18M▼
Operating profit (loss)9901€86k€29k▼
Financial income75/76B€101€25▼
Recurring financial income75€101€25▼
Financial charges65/66B€15k€22k▲
Recurring financial charges65€15k€22k▲
Profit (loss) for the period before taxes9903€72k€7k▼
Income taxes67/77€27k€13k▼
Profit (loss) for the period9904€45k€-6k▼
Profit (loss) for the period to be appropriated9905€45k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-6k▼
Transfer from equity791/2-€6k
Transfer to equity691/2€45k€0▼
To other reserves6921€45k€0▼
Social balance
Average headcount (FTE)908724.624.1▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1.12M | €1.12M | €1.10M | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €23k | €25k | €29k | €31k | ▲ 8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €17k | - |
| Other operating charges640/8 | - | - | €3k | €4k | €3k | ▼ 11.4% |
| Gross operating margin9900 | €1.11M | €1.21M | €1.18M | €1.23M | €1.18M | ▼ 4.0% |
| Operating profit (loss)9901 | €87k | €101k | €32k | €86k | €29k | ▼ 66.5% |
| Financial income75/76B | - | - | €1k | €101 | €25 | ▼ 75.2% |
| Recurring financial income75 | €2k | €213 | €1k | €101 | €25 | ▼ 75.2% |
| Financial charges65/66B | - | - | €15k | €15k | €22k | ▲ 52.4% |
| Recurring financial charges65 | €12k | €12k | €15k | €15k | €22k | ▲ 52.4% |
| Profit (loss) for the period before taxes9903 | €76k | €89k | €18k | €72k | €7k | ▼ 90.7% |
| Income taxes67/77 | €19k | €32k | €13k | €27k | €13k | ▼ 52.3% |
| Profit (loss) for the period9904 | €57k | €58k | €5k | €45k | €-6k | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €57k | €58k | €5k | €45k | €-6k | ▼ 114% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €747k | €1.09M | €1.21M | €1.10M | €999k | ▼ 9.1% |
| Fixed assets21/28 | €73k | €55k | €74k | €100k | €91k | ▼ 8.4% |
| Intangible fixed assets21 | €22k | €11k | €1k | €0 | - | - |
| Tangible fixed assets22/27 | €38k | €31k | €61k | €84k | €76k | ▼ 9.9% |
| Plant, machinery and equipment23 | - | - | €56k | €81k | €66k | ▼ 18.4% |
| Furniture and vehicles24 | - | - | €4k | €3k | €10k | ▲ 215% |
| Financial fixed assets28 | €13k | €13k | €13k | €16k | €16k | = |
| Current assets29/58 | €674k | €1.04M | €1.13M | €1,000k | €908k | ▼ 9.2% |
| Stocks and contracts in progress3 | €5k | €38k | €63k | €80k | €71k | ▼ 11.2% |
| Stocks30/36 | - | - | €63k | €80k | €71k | ▼ 11.2% |
| Amounts receivable within one year40/41 | €637k | €904k | €958k | €888k | €793k | ▼ 10.7% |
| Trade receivables40 | - | - | €941k | €868k | €783k | ▼ 9.7% |
| Other amounts receivable41 | - | - | €16k | €20k | €10k | ▼ 52.7% |
| Cash at bank and in hand54/58 | €20k | €75k | €76k | €3k | €1k | ▼ 57.0% |
| Deferred charges and accrued income490/1 | - | - | €34k | €29k | €43k | ▲ 49.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €747k | €1.09M | €1.21M | €1.10M | €999k | ▼ 9.1% |
| Equity10/15 | €69k | €111k | €116k | €161k | €155k | ▼ 3.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | €62k | €62k | = |
| Issued capital100 | - | - | €62k | €62k | €62k | = |
| Reserves13 | €7k | €49k | €54k | €99k | €93k | ▼ 6.2% |
| Non-distributable reserves130/1 | - | - | €6k | €6k | €6k | = |
| Legal reserve130 | - | - | €6k | €6k | €6k | = |
| Distributable reserves133 | - | - | €48k | €93k | €87k | ▼ 6.6% |
| Profit (loss) carried forward14 | €0 | - | €0 | - | - | - |
| Amounts payable17/49 | €678k | €980k | €1.09M | €939k | €845k | ▼ 10.0% |
| Amounts payable after more than one year17 | €0 | - | €18k | €89k | €90k | ▲ 2.0% |
| Financial debts170/4 | - | - | €18k | €0 | - | - |
| Other amounts payable178/9 | - | - | - | €89k | €90k | ▲ 2.0% |
| Amounts payable within one year42/48 | €678k | €980k | €1.07M | €850k | €754k | ▼ 11.3% |
| Current portion of amounts payable after more than one year42 | - | - | €92k | €45k | €29k | ▼ 36.0% |
| Financial debts43 | - | - | €190k | €215k | €236k | ▲ 9.6% |
| Credit institutions430/8 | - | - | €190k | €215k | €236k | ▲ 9.6% |
| Trade debts44 | €135k | €216k | €185k | €312k | €256k | ▼ 17.9% |
| Suppliers440/4 | - | - | €185k | €312k | €256k | ▼ 17.9% |
| Taxes, remuneration and social security45 | - | - | €183k | €254k | €220k | ▼ 13.4% |
| Taxes450/3 | - | - | €47k | €90k | €82k | ▼ 8.8% |
| Remuneration and social security454/9 | - | - | €136k | €164k | €138k | ▼ 15.9% |
| Other amounts payable47/48 | - | - | €420k | €24k | €14k | ▼ 42.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €58k | €5k | €45k | €-6k | ▼ 114% |
| + Depreciation and write-downs630 | €22k | €23k | €25k | €29k | €31k | ▲ 8.9% |
| Operating cash flow (approximation) | €79k | €80k | €30k | €74k | €25k | ▼ 65.7% |
| Investment in fixed assets (approximation) | - | €-5k | €-45k | €-54k | €-23k | ▲ 57.3% |
| Change in cash | - | €55k | €942 | €-73k | €-2k | ▲ 97.3% |
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
27-01
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 20-01-2025
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Equity above €150kEq €161k ▲38.9%
5 profitable years in a row build equity to €161k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Equity above €100kEq €111k ▲62.3%
3 profitable years in a row build equity to €111k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 64 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Manage · 1 establishment unit since 1985
Ground area
835 m²
Building footprint
113 m²
Volume, LiDAR
816 m³
Parcel 52006A0028/00M004, Wallonia · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Cense de la Motte 49, 7170 Manage
since 19852.026.682.861
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52006A0028/00M004indicative | Wallonia | 835 m² | 1 · 113 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 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 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,657 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
Founded25-03-1985
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.