The Essentials

Active

Private limited companyfounded 20188 yrs activeEgide Van Ophemstraat 40A, 1180 Ukkel, BelgiumKBO/BCE: BE 0688.902.314

The computed 12-month bankruptcy probability of The Essentials is 2.1% (moderate). The 2024 annual accounts show equity of €18k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 15870 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

76 / 100

Excellent▲ +20 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency24▲+10

Growth78▲+20

Stability100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.08 against 0.84 in 2023), and 83.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

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

16.6%

Return on assets

9.9%

Age of the figures

20 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

17 d early

2023

107 d early

2022

42 d early

2021

62 d early

2020

54 d early

2019

on the day

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€18k▲ 148%

2023 · €7k

2018: €13k 2019: €8k 2020: €12k 2021: €7k 2022: €-636 2023: €7k

2018 → 2024

Total assets

€111k▲ 33.8%

2023 · €83k

2018: €45k 2019: €44k 2020: €114k 2021: €83k 2022: €98k 2023: €83k

2018 → 2024

Net result

€11k▲ 36.3%

2023 · €8k

2018: €991 2019: €-6k 2020: €24k 2021: €-4k 2022: €-8k 2023: €8k

2018 → 2024

Working capital

€7k

2023 · €-12k

2018: €12k 2019: €7k 2020: €-19k 2021: €-32k 2022: €-29k 2023: €-12k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€12k-€7k▼ 36.3%€-636€7k€18k▲ 148%

Operating result€24k-€-4k€-8k▼ 120%€8k€12k▲ 43.3%

Net result€24k-€-4k€-8k▼ 90.7%€8k€11k▲ 36.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 43% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €111k

10%

90.1%

Fixed assets €11k▼ 43.1%

Current assets €100k▲ 57.1%

Equity and liabilities €111k

16.6%

83.4%

Equity €18k▲ 148%

Debt €93k▲ 22.6%

The debt ratio falls from 91.1% to 83.4%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€21k▲

2023 · €18k

Cash flow

€20k▲

2023 · €18k

Solvency

16.6%▲

2023 · 8.9%

Current ratio

1.08▲

2023 · 0.84

Quick ratio

1.05▲

2023 · 0.70

Debt / equity

5.04▼

2023 · 10.19

ROE

59.7%▼

2023 · 108.5%

ROA

9.9%▲

2023 · 9.7%

Interest coverage

99.97▲

2023 · 89.15

Debt

€93k▲

2023 · €76k

Debt ≤ 1 year

€93k▲

2023 · €76k

Income taxes

€984

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€83k€111k▲

Fixed assets21/28€19k€11k▼

Intangible fixed assets21€18k€9k▼

Tangible fixed assets22/27€906€2k▲

Plant, machinery and equipment23€826€479▼

Furniture and vehicles24€81€1k▲

Current assets29/58€64k€100k▲

Stocks and contracts in progress3€11k€3k▼

Stocks30/36€11k€3k▼

Amounts receivable within one year40/41€3k€19k▲

Trade receivables40€1k€9k▲

Other amounts receivable41€2k€10k▲

Cash at bank and in hand54/58€50k€79k▲

Deferred charges and accrued income490/1€249€127▼

Equity and liabilities

Total equity and liabilities10/49€83k€111k▲

Equity10/15€7k€18k▲

Contributions10/11€12k€12k=

Reserves13€99€6k▲

Non-distributable reserves130/1€99€99=

Reserves not available under the articles1311€99€99=

Distributable reserves133-€6k

Profit (loss) carried forward14€-5k-

Amounts payable17/49€76k€93k▲

Amounts payable within one year42/48€76k€93k▲

Financial debts43€798€1k▲

Credit institutions430/8€798€1k▲

Trade debts44€15k€19k▲

Suppliers440/4€15k€19k▲

Taxes, remuneration and social security45€1k€3k▲

Taxes450/3€1k€3k▲

Other amounts payable47/48€59k€70k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€8k▼

Other operating charges640/8€384€387▲

Gross operating margin9900€30k€30k▼

Operating profit (loss)9901€8k€12k▲

Financial income75/76B-€343

Recurring financial income75-€343

Financial charges65/66B€205€213▲

Recurring financial charges65€205€213▲

Profit (loss) for the period before taxes9903€8k€12k▲

Income taxes67/77-€984

Profit (loss) for the period9904€8k€11k▲

Profit (loss) for the period to be appropriated9905€8k€11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-5k€6k▲

Profit (loss) brought forward from the previous period14P€-13k€-5k▲

Transfer to equity691/2-€6k

To other reserves6921-€6k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

2025

14-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

15-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €8k

Net result €8k after 2 loss-making years.

19-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-8k

Net result drops to €-8k, the lowest in the series; recovery starts the following year.

30-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €24k

Net result €24k after one loss-making year.

31-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

24-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 237 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Ukkel · 2 establishment units since 2018

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Egide Van Ophemstraat 40A1180 Ukkel

Ground area

4.1 ha

Building footprint

5,875 m²

Volume, LiDAR

27,389 m³

3 parcels, Brussels, Flanders, Wallonia · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Chaussée de Tervuren 198F, 1410 Waterloo

Wholesale trade

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Happy Frog

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since 20212.317.148.767

3 parcels

Flanders 1 (33.3%) Wallonia 1 (33.3%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25763M0591/00D000	Wallonia	3.9 ha	1 · 3,321 m²	-
21616G0176/00N002	Brussels	2,094 m²	1 · 2,233 m²	19.1 m · 4 fl.
23032C0102/00K000	Flanders	501 m²	1 · 320 m²	8.5 m · 2 fl.