ESHER
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
44 d early
2022
62 d early
2021
143 d early
2020
60 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€671k▲ 16.1%
2023 · €578k
2018: €158k
2019: €190k
2020: €378k
2021: €476k
2022: €479k
2023: €578k
2018 → 2024
Total assets
€999k▼ 6.2%
2023 · €1.07M
2018: €892k
2019: €768k
2020: €783k
2021: €979k
2022: €909k
2023: €1.07M
2018 → 2024
Net result
€173k▲ 75.1%
2023 · €99k
2018: €335k
2019: €32k
2020: €188k
2021: €98k
2022: €103k
2023: €99k
2018 → 2024
Working capital
€616k▲ 16.5%
2023 · €529k
2018: €443k
2019: €368k
2020: €479k
2021: €489k
2022: €421k
2023: €529k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€378k-€476k▲ 25.8%€479k▲ 0.7%€578k▲ 20.6%€671k▲ 16.1%
Operating result€196k-€121k▼ 38.0%€146k▲ 20.1%€156k▲ 6.7%€220k▲ 41.5%
Net result€188k-€98k▼ 48.0%€103k▲ 5.4%€99k▼ 4.3%€173k▲ 75.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 41% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €999k
Fixed assets
€84k ▼ 18.2%
Current assets
€915k ▼ 4.9%
Equity and liabilities €999k
Equity
€671k ▲ 16.1%
Debt
€328k ▼ 32.6%
Debt's share of the balance-sheet total falls from 45.7% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€259k▲
2023 · €191k
Cash flow
€212k▲
2023 · €134k
Current ratio
3.06▲
2023 · 2.22
Quick ratio
2.11▲
2023 · 1.99
Debt to equity
0.49▼
2023 · 0.84
ROE
25.8%▲
2023 · 17.1%
ROA
17.3%▲
2023 · 9.3%
Interest coverage
23.49▲
2023 · 21.07
Debt ≤ 1 year
€299k▼
2023 · €433k
Debt > 1 year
€26k▼
2023 · €51k
Income taxes
€37k▼
2023 · €48k
Staff costs
€947k▼
2023 · €1.05M
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 · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€999k▼
Fixed assets21/28€103k€84k▼
Intangible fixed assets21€32k€18k▼
Tangible fixed assets22/27€71k€66k▼
Plant, machinery and equipment23€53k€48k▼
Furniture and vehicles24€17k€17k▲
Other tangible fixed assets26€600€0▼
Financial fixed assets28€775€965▲
Current assets29/58€962k€915k▼
Stocks and contracts in progress3€100k€286k▲
Contracts in progress37€100k€286k▲
Amounts receivable within one year40/41€504k€272k▼
Trade receivables40€496k€261k▼
Other amounts receivable41€8k€11k▲
Cash at bank and in hand54/58€332k€332k▲
Deferred charges and accrued income490/1€26k€25k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€999k▼
Equity10/15€578k€671k▲
Contributions10/11€26k€26k=
Reserves13€552k€645k▲
Tax-exempt reserves132€56k€56k=
Distributable reserves133€496k€589k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€487k€328k▼
Amounts payable after more than one year17€51k€26k▼
Financial debts170/4€51k€26k▼
Amounts payable within one year42/48€433k€299k▼
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€112k€38k▼
Credit institutions430/8€112k€38k▼
Trade debts44€111k€32k▼
Suppliers440/4€111k€32k▼
Taxes, remuneration and social security45€187k€123k▼
Taxes450/3€25k€47k▲
Remuneration and social security454/9€161k€76k▼
Other amounts payable47/48€0€80k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20232024
Non-recurring operating income76A€1k€7k▲
Remuneration, social security and pensions62€1.05M€947k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€39k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€30k€0▼
Gross operating margin9900€1.28M€1.21M▼
Operating profit (loss)9901€156k€220k▲
Financial income75/76B€313€866▲
Recurring financial income75€313€866▲
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€147k€210k▲
Income taxes67/77€48k€37k▼
Profit (loss) for the period9904€99k€173k▲
Profit (loss) for the period to be appropriated9905€99k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€173k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€99k€93k▼
To other reserves6921€99k€93k▼
Profit to be distributed694/7€0€80k▲
Return on contributions (dividend)694€0-
Directors or managers695-€80k
Social balance
Average headcount (FTE)908715.011.7▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-11
State Gazette act
Merger · Share issue
Capital · Accounting effect
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €578k ▲20.6%
6 profitable years in a row build equity to €578k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €378k ▲98.9%
3 profitable years in a row build equity to €378k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €32k ▼90.3%
Net result drops to €32k, the lowest in the series.
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-11
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 30-10-2018
Show earlier events
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
25-06
Judicial reorganisation
Opening
Rechtbank van koophandel Gent · collective agreement · event 19-06-2018
2017
13-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:BOVA ENVIRO+
Public money · subsidies and aid
Flemish government
2022 to 2023 · 4 entries · 16,773 EUR awarded · 16,773 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 5,317 EUR | 5,317 EUR |
| 2022 | 2 | 11,456 EUR | 11,456 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)