ESO
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 18-07-2025 was due by 18-02-2026 and was filed on 01-09-2025, 170 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
170 d early
2024
56 d early
2023
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 0.7%
2024 · €54k
2023: €56khighest in 3 years
2024: €54k▼ -4.9% vs 2023lowest in 3 years
2025: €54k▲ +0.7% vs 2024
2023 → 2025
Total assets
€60k▼ 10.7%
2024 · €67k
2023: €68khighest in 3 years
2024: €67k▼ -1.9% vs 2023
2025: €60k▼ -10.7% vs 2024lowest in 3 years
2023 → 2025
Net result
€363
2024 · €-3k
2023: €5khighest in 3 years
2024: €-3k▼ -160% vs 2023lowest in 3 years
2025: €363▲ +113% vs 2024
2023 → 2025
Working capital
€54k▲ 0.7%
2024 · €54k
2023: €56khighest in 3 years
2024: €54k▼ -4.9% vs 2023lowest in 3 years
2025: €54k▲ +0.7% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€56k-€54k▼ 4.9%€54k▲ 0.7%
2023: €56khighest in 3 years
2024: €54k▼ -4.9% vs 2023lowest in 3 years
2025: €54k▲ +0.7% vs 2024
Operating result€5k-€-3k€348
2023: €5khighest in 3 years
2024: €-3k▼ -162% vs 2023lowest in 3 years
2025: €348▲ +112% vs 2024
Net result€5k-€-3k€363
2023: €5khighest in 3 years
2024: €-3k▼ -160% vs 2023lowest in 3 years
2025: €363▲ +113% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €348 after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €60k
Equity
€54k ▲ 0.7%
Debt
€6k ▼ 55.4%
Debt's share of the balance-sheet total falls from 20.2% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
9.90▲
2024 · 4.95
Debt to equity
0.11▼
2024 · 0.25
ROE
0.7%▲
2024 · -5.2%
ROA
0.6%▲
2024 · -4.1%
Debt ≤ 1 year
€6k▼
2024 · €14k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€67k€60k▼
Current assets29/58€67k€60k▼
Amounts receivable within one year40/41€149€96▼
Trade receivables40€53-
Other amounts receivable41€96€96=
Current investments50/53€53k€53k=
Cash at bank and in hand54/58€14k€6k▼
Equity and liabilities
Total equity and liabilities10/49€67k€60k▼
Equity10/15€54k€54k▲
Contributions10/11€14k€14k=
Reserves13€41k€41k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-2k€-2k▲
Amounts payable17/49€14k€6k▼
Amounts payable within one year42/48€14k€6k▼
Trade debts44€5k-
Suppliers440/4€5k-
Taxes, remuneration and social security45€125-
Taxes450/3€125-
Other amounts payable47/48€8k€6k▼
Income statement
Code20242025
Non-recurring operating income76A-€150
Other operating charges640/8€595€120▼
Gross operating margin9900€-2k€468▲
Operating profit (loss)9901€-3k€348▲
Financial income75/76B€319€21▼
Recurring financial income75€319€21▼
Financial charges65/66B€54€6▼
Recurring financial charges65€54€6▼
Profit (loss) for the period before taxes9903€-3k€363▲
Income taxes67/77€35-
Profit (loss) for the period9904€-3k€363▲
Profit (loss) for the period to be appropriated9905€-3k€363▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-2k▲
Profit (loss) brought forward from the previous period14P€803€-2k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €150 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €185 | - | - | - |
| Other operating charges640/8 | €860 | €595 | €120 | ▼ 79.8% |
| Gross operating margin9900 | €6k | €-2k | €468 | ▲ 119% |
| Operating profit (loss)9901 | €5k | €-3k | €348 | ▲ 112% |
| Financial income75/76B | €109 | €319 | €21 | ▼ 93.4% |
| Recurring financial income75 | €109 | €319 | €21 | ▼ 93.4% |
| Financial charges65/66B | €150 | €54 | €6 | ▼ 88.9% |
| Recurring financial charges65 | €150 | €54 | €6 | ▼ 88.9% |
| Profit (loss) for the period before taxes9903 | €5k | €-3k | €363 | ▲ 113% |
| Income taxes67/77 | €165 | €35 | - | - |
| Profit (loss) for the period9904 | €5k | €-3k | €363 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-3k | €363 | ▲ 113% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €68k | €67k | €60k | ▼ 10.7% |
| Current assets29/58 | €68k | €67k | €60k | ▼ 10.7% |
| Amounts receivable within one year40/41 | €90 | €149 | €96 | ▼ 35.6% |
| Trade receivables40 | €90 | €53 | - | - |
| Other amounts receivable41 | - | €96 | €96 | = |
| Current investments50/53 | - | €53k | €53k | = |
| Cash at bank and in hand54/58 | €68k | €14k | €6k | ▼ 52.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €68k | €67k | €60k | ▼ 10.7% |
| Equity10/15 | €56k | €54k | €54k | ▲ 0.7% |
| Contributions10/11 | €14k | €14k | €14k | = |
| Reserves13 | €41k | €41k | €41k | = |
| Distributable reserves133 | €41k | €41k | €41k | = |
| Profit (loss) carried forward14 | €803 | €-2k | €-2k | ▲ 18.4% |
| Amounts payable17/49 | €12k | €14k | €6k | ▼ 55.4% |
| Amounts payable within one year42/48 | €12k | €14k | €6k | ▼ 55.4% |
| Trade debts44 | - | €5k | - | - |
| Suppliers440/4 | - | €5k | - | - |
| Taxes, remuneration and social security45 | €144 | €125 | - | - |
| Taxes450/3 | €144 | €125 | - | - |
| Other amounts payable47/48 | €12k | €8k | €6k | ▼ 24.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-3k | €363 | ▲ 113% |
| + Depreciation and write-downs630 | €185 | - | - | - |
| Operating cash flow (approximation) | €5k | €-3k | €363 | ▲ 113% |
| Change in cash | - | €-55k | €-7k | ▲ 87.0% |
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
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
18-07
Financial
Back to profitnet €363
Net result €363 after one loss-making year.
18-07
Financial
Liquidity doublescurrent ratio 9.90
Current ratio from 4.95 to 9.90; short-term debt falls from €14k to €6k.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location