ESSE
ActiveSummary
ESSE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729k and a net result of €40k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency71▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.47 in 2024; short-term debt: 16.8% and cash: 1.5% of total assets), and 53.8% of the assets are financed with debt.
Credit check for your own amount and term
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
46.2%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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
28 d late
2024
61 d late
2023
69 d late
2022
59 d late
2021
23 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€729k▲ 5.8%
2024 · €690k
2018: €405k
2019: €391k▼ -3.4% vs 2018lowest in 8 years
2020: €479k▲ +22.5% vs 2019
2021: €576k▲ +20.4% vs 2020
2022: €643k▲ +11.6% vs 2021
2023: €662k▲ +2.9% vs 2022
2024: €690k▲ +4.2% vs 2023
2025: €729k▲ +5.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.58M▼ 2.7%
2024 · €1.62M
2018: €1.90M
2019: €1.81M▼ -5.1% vs 2018
2020: €1.93M▲ +7.1% vs 2019highest in 8 years
2021: €1.90M▼ -1.8% vs 2020
2022: €1.86M▼ -1.9% vs 2021
2023: €1.77M▼ -4.9% vs 2022
2024: €1.62M▼ -8.4% vs 2023
2025: €1.58M▼ -2.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€40k▲ 43.9%
2024 · €28k
2018: €26k
2019: €-16k▼ -161% vs 2018lowest in 8 years
2020: €92k▲ +673% vs 2019
2021: €101k▲ +10.4% vs 2020highest in 8 years
2022: €71k▼ -30.0% vs 2021
2023: €18k▼ -73.9% vs 2022
2024: €28k▲ +49.5% vs 2023
2025: €40k▲ +43.9% vs 2024
2018 → 2025
Working capital
€-91k▲ 33.8%
2024 · €-138k
2018: €-10k
2019: €-170k▼ -1580% vs 2018
2020: €-171k▼ -0.6% vs 2019lowest in 8 years
2021: €14k▲ +108% vs 2020highest in 8 years
2022: €-104k▼ -832% vs 2021
2023: €-168k▼ -62.6% vs 2022
2024: €-138k▲ +18.0% vs 2023
2025: €-91k▲ +33.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€576k-€643k▲ 11.6%€662k▲ 2.9%€690k▲ 4.2%€729k▲ 5.8%
2021: €576klowest in 5 years
2022: €643k▲ +11.6% vs 2021
2023: €662k▲ +2.9% vs 2022
2024: €690k▲ +4.2% vs 2023
2025: €729k▲ +5.8% vs 2024highest in 5 years
Operating result€176k-€115k▼ 34.3%€46k▼ 59.9%€61k▲ 32.1%€78k▲ 28.0%
2021: €176khighest in 5 years
2022: €115k▼ -34.3% vs 2021
2023: €46k▼ -59.9% vs 2022lowest in 5 years
2024: €61k▲ +32.1% vs 2023
2025: €78k▲ +28.0% vs 2024
Net result€101k-€71k▼ 30.0%€18k▼ 73.9%€28k▲ 49.5%€40k▲ 43.9%
2021: €101khighest in 5 years
2022: €71k▼ -30.0% vs 2021
2023: €18k▼ -73.9% vs 2022lowest in 5 years
2024: €28k▲ +49.5% vs 2023
2025: €40k▲ +43.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€1.40M ▼ 6.4%
Current assets
€173k ▲ 42.6%
Equity and liabilities €1.58M
Equity
€729k ▲ 5.8%
Provisions
€12k ▼ 4.0%
Debt
€838k ▼ 9.0%
Debt's share of the balance-sheet total falls from 56.8% to 53.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185k▲
2024 · €171k
Cash flow
€147k▲
2024 · €137k
Current ratio
0.65▲
2024 · 0.47
Debt to equity
1.15▼
2024 · 1.34
ROE
5.4%▲
2024 · 4.0%
ROA
2.5%▲
2024 · 1.7%
Interest coverage
11.24▲
2024 · 8.76
Debt ≤ 1 year
€265k▲
2024 · €260k
Debt > 1 year
€532k▼
2024 · €613k
Income taxes
€22k▲
2024 · €14k
Staff costs
€38k▼
2024 · €46k
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 · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.62M€1.58M▼
Formation expenses20€3k€3k=
Fixed assets21/28€1.50M€1.40M▼
Tangible fixed assets22/27€1.50M€1.40M▼
Land and buildings22€1.20M€1.15M▼
Plant, machinery and equipment23€304k€257k▼
Current assets29/58€121k€173k▲
Amounts receivable within one year40/41€520€44k▲
Trade receivables40-€30k
Other amounts receivable41€520€14k▲
Cash at bank and in hand54/58€23k€24k▲
Deferred charges and accrued income490/1€98k€105k▲
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.58M▼
Equity10/15€690k€729k▲
Contributions10/11€86k€86k=
Capital10€86k€86k=
Issued capital100€156k€156k=
Uncalled capital101€70k€70k=
Reserves13€194k€234k▲
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€60k€58k▼
Distributable reserves133€119k€160k▲
Profit (loss) carried forward14€409k€409k=
Provisions and deferred taxes16€12k€12k▼
Deferred taxes168€12k€12k▼
Amounts payable17/49€921k€838k▼
Amounts payable after more than one year17€613k€532k▼
Financial debts170/4€590k€509k▼
Other amounts payable178/9€23k€23k=
Amounts payable within one year42/48€260k€265k▲
Current portion of amounts payable after more than one year42€80k€81k▲
Trade debts44€43k€62k▲
Suppliers440/4€43k€62k▲
Taxes, remuneration and social security45€20k€30k▲
Taxes450/3€10k€23k▲
Remuneration and social security454/9€10k€6k▼
Other amounts payable47/48€117k€92k▼
Accrued charges and deferred income492/3€48k€41k▼
Income statement
Code20242025
Non-recurring operating income76A€23k€5k▼
Remuneration, social security and pensions62€46k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€107k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€104-
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€25k€2k▼
Gross operating margin9900€243k€226k▼
Operating profit (loss)9901€61k€78k▲
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€20k€16k▼
Recurring financial charges65€20k€16k▼
Profit (loss) for the period before taxes9903€42k€62k▲
Transfer from deferred taxes780€486€486=
Income taxes67/77€14k€22k▲
Profit (loss) for the period9904€28k€40k▲
Transfer from tax-exempt reserves789€1k€1k=
Profit (loss) for the period to be appropriated9905€29k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€437k€450k▲
Profit (loss) brought forward from the previous period14P€408k€409k▲
Transfer to equity691/2€28k€41k▲
To other reserves6921€28k€41k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €88k | €54k | €976 | €23k | €5k | ▼ 79.7% |
| Remuneration, social security and pensions62 | €16k | €14k | €30k | €46k | €38k | ▼ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €144k | €100k | €117k | €110k | €107k | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €104 | - | - |
| Other operating charges640/8 | €4k | €2k | €2k | €1k | €1k | ▼ 11.1% |
| Non-recurring operating charges66A | €31k | €11k | €24k | €25k | €2k | ▼ 91.9% |
| Gross operating margin9900 | €370k | €243k | €218k | €243k | €226k | ▼ 7.0% |
| Operating profit (loss)9901 | €176k | €115k | €46k | €61k | €78k | ▲ 28.0% |
| Financial income75/76B | - | €0 | €0 | €3 | €1 | ▼ 84.0% |
| Recurring financial income75 | - | €0 | €0 | €3 | €1 | ▼ 84.0% |
| Financial charges65/66B | €38k | €19k | €18k | €20k | €16k | ▼ 15.5% |
| Recurring financial charges65 | €38k | €19k | €18k | €20k | €16k | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €137k | €97k | €28k | €42k | €62k | ▲ 48.4% |
| Transfer from deferred taxes780 | €486 | €486 | €486 | €486 | €486 | = |
| Income taxes67/77 | €37k | €26k | €10k | €14k | €22k | ▲ 55.3% |
| Profit (loss) for the period9904 | €101k | €71k | €18k | €28k | €40k | ▲ 43.9% |
| Transfer from tax-exempt reserves789 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) for the period to be appropriated9905 | €103k | €72k | €20k | €29k | €41k | ▲ 41.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.90M | €1.86M | €1.77M | €1.62M | €1.58M | ▼ 2.7% |
| Formation expenses20 | €3k | €3k | €3k | €3k | €3k | = |
| Fixed assets21/28 | €1.59M | €1.59M | €1.57M | €1.50M | €1.40M | ▼ 6.4% |
| Tangible fixed assets22/27 | €1.59M | €1.59M | €1.57M | €1.50M | €1.40M | ▼ 6.4% |
| Land and buildings22 | €1.32M | €1.27M | €1.23M | €1.20M | €1.15M | ▼ 4.1% |
| Plant, machinery and equipment23 | €250k | €302k | €334k | €304k | €257k | ▼ 15.2% |
| Furniture and vehicles24 | €27k | €18k | €11k | - | - | - |
| Financial fixed assets28 | €1k | - | - | - | - | - |
| Current assets29/58 | €304k | €270k | €194k | €121k | €173k | ▲ 42.6% |
| Amounts receivable within one year40/41 | €52k | €125k | €78k | €520 | €44k | ▲ 8,311% |
| Trade receivables40 | €31k | €123k | €69k | - | €30k | - |
| Other amounts receivable41 | €21k | €2k | €9k | €520 | €14k | ▲ 2,503% |
| Cash at bank and in hand54/58 | €128k | €19k | €29k | €23k | €24k | ▲ 6.8% |
| Deferred charges and accrued income490/1 | €124k | €126k | €88k | €98k | €105k | ▲ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.90M | €1.86M | €1.77M | €1.62M | €1.58M | ▼ 2.7% |
| Equity10/15 | €576k | €643k | €662k | €690k | €729k | ▲ 5.8% |
| Contributions10/11 | €86k | €86k | €86k | €86k | €86k | = |
| Capital10 | €86k | €86k | €86k | €86k | €86k | = |
| Issued capital100 | €156k | €156k | €156k | €156k | €156k | = |
| Uncalled capital101 | €70k | €70k | €70k | €70k | €70k | = |
| Reserves13 | €80k | €150k | €168k | €194k | €234k | ▲ 20.3% |
| Non-distributable reserves130/1 | €16k | €16k | €16k | €16k | €16k | = |
| Legal reserve130 | €16k | €16k | €16k | €16k | €16k | = |
| Tax-exempt reserves132 | €64k | €63k | €61k | €60k | €58k | ▼ 2.4% |
| Distributable reserves133 | - | €72k | €91k | €119k | €160k | ▲ 34.5% |
| Profit (loss) carried forward14 | €407k | €407k | €408k | €409k | €409k | = |
| Investment grants15 | €4k | - | - | - | - | - |
| Provisions and deferred taxes16 | €14k | €13k | €13k | €12k | €12k | ▼ 4.0% |
| Deferred taxes168 | €14k | €13k | €13k | €12k | €12k | ▼ 4.0% |
| Amounts payable17/49 | €1.31M | €1.21M | €1.10M | €921k | €838k | ▼ 9.0% |
| Amounts payable after more than one year17 | €933k | €780k | €693k | €613k | €532k | ▼ 13.3% |
| Financial debts170/4 | €858k | €757k | €670k | €590k | €509k | ▼ 13.8% |
| Other amounts payable178/9 | €75k | €23k | €23k | €23k | €23k | = |
| Amounts payable within one year42/48 | €290k | €374k | €363k | €260k | €265k | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | €103k | €102k | €87k | €80k | €81k | ▲ 1.7% |
| Financial debts43 | - | €2 | - | - | - | - |
| Credit institutions430/8 | - | €2 | - | - | - | - |
| Trade debts44 | €51k | €124k | €72k | €43k | €62k | ▲ 44.2% |
| Suppliers440/4 | €51k | €124k | €72k | €43k | €62k | ▲ 44.2% |
| Taxes, remuneration and social security45 | €52k | €30k | €41k | €20k | €30k | ▲ 50.5% |
| Taxes450/3 | €46k | €26k | €32k | €10k | €23k | ▲ 135% |
| Remuneration and social security454/9 | €7k | €3k | €9k | €10k | €6k | ▼ 36.9% |
| Other amounts payable47/48 | €83k | €117k | €163k | €117k | €92k | ▼ 21.6% |
| Accrued charges and deferred income492/3 | €86k | €53k | €41k | €48k | €41k | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €71k | €18k | €28k | €40k | ▲ 43.9% |
| + Depreciation and write-downs630 | €144k | €100k | €117k | €110k | €107k | ▼ 2.5% |
| Operating cash flow (approximation) | €245k | €171k | €135k | €137k | €147k | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | €-97k | €-101k | €-34k | €-11k | ▲ 67.4% |
| Change in cash | - | €-109k | €9k | €-6k | €2k | ▲ 124% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
04-08
State Gazette act
Resignation: AXENSALVA Gilles (director)Appointment: IMMO HAC (director) · Permanent representative: Jessica CLAES · Registered-office move5 facts ▸
State Gazette act
Resignation: AXENSALVA Gilles (director)
Appointment: IMMO HAC (director) · Permanent representative: Jessica CLAES · Registered-office move5 facts ▸
- General meeting, 21/05/2026
- Director resignation, AXENSALVA Gilles (director)
- Director appointment, IMMO HAC (director)
- Permanent representative, Jessica CLAES
- Registered-office move, 7024 CIPLY, rue Brunehaut 244
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €101k ▲10.4%
Operating result €176k, net result €101k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.52 to 1.05; short-term debt falls from €356k to €290k.
31-12
Financial
Equity above €500kEq €576k ▲20.4%
2 profitable years in a row build equity to €576k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €92k
Net result €92k after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
IMMO HAC
CurrentDirector · since 21-05-2026 · Private limited company · perm. rep.: Jessica CLAES
21-05-2026
IMMO HAC: Appointed as Director
21-05-2026
AXENSALVA Gilles: Resigned as Director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1988
Ground area
2,672 m²
Building footprint
266 m²
Volume, LiDAR
2,062 m³
2 parcels, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ESSE SA
since 19882.038.949.896
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53018A0191/00P002 | Wallonia | 2,101 m² | 1 · 153 m² | 12.2 m · 3 fl. |
| 53014A1127/00S000 | Wallonia | 571 m² | 1 · 113 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,288 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
Founded27-05-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.