ESSTRAGON

Active

Private limited companyfounded 200224 yrs activeSterrebeekstraat 176C, 1930 Zaventem, BelgiumKBO/BCE: BE 0477.508.333

Summary

The computed 12-month bankruptcy probability of ESSTRAGON is 1.7% (moderate). The annual accounts of ESSTRAGON for fiscal year 2024 show a net loss of 55% of the equity at the start of that year. The 2024 annual accounts show equity of €61,085 and a net result of -€73,233. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 2942 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

ESSTRAGONActiveChecked score 34/100

Risk analysis Report Compare

What they do

Contract catering and other food service activities

NACE 56220NACE 55521NACE 55522

1 site

How big

€422,560total assets 2024

Staff: 8.4 FTE
Equity: €61,085
Loss: -€73,233

Turnover not published (abridged schema)

Financially healthy?

34 Weak Checked score 2024

Bankruptcy chance 12 m: 1.7%

Who decides

Largest shareholder: KARA MANAGEMENT · 50%

Accounts 63 d overdue0 of 4 deeds read

Why 34- Higher-failure-rate sector- Annual accounts: weaker financial profile- Persistent losses+ Long track recordA punctual record breaksShow the evidence

Checked score

Score 2024

34 / 100

Weak

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-65

Solvency39▼-20

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,000 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.5 against 0.75 in 2023; short-term debt: 37.3% and cash: 5.6% of total assets), and 85.5% of the assets are financed with debt.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Food and beverage service activities (NACE 56)

about 206% more bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

14.5%

Return on assets

-17.3%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€73,233

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

26 d early

2022

19 d early

2021

30 d early

2020

30 d early

2019

23 d early

← 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 11 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

30-09-25 Annual accounts filedfiscal year 2024 · abbreviated…
05-07-24 Annual accounts filedfiscal year 2023 · abbreviated…
12-07-23 Annual accounts filedfiscal year 2022 · abbreviated…

Key points

Caution: Result fell in 2024from -€468 to -€73,233 ▼ 15,555% View
Caution: Among the weakest 8% on net resultsector median €25,488 · 2,940 companies -€73,233 View
Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
Caution: 2 loss-making years in a rowloss fiscal year 2024 -€73,233 View