Summary
Conclusion
the dossier summarised in one paragraphFor the legal form of Esperanto, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €149k and a net result of €-29k. Equity is shrinking by ~4.3% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Signals
1 signal · with evidenceGrowing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 30-06-2026 | 31 d early | 2026-00250148 |
| 31-12-2024 | 31-07-2025 | 26-06-2025 | 35 d early | 2025-00189403 |
| 31-12-2023 | 31-07-2024 | 26-06-2024 | 35 d early | 2024-00171164 |
| 31-12-2022 | 31-07-2023 | 01-06-2023 | 60 d early | 2023-00104626 |
| 31-12-2021 | 31-07-2022 | 27-06-2022 | 34 d early | 2022-20121236 |
| 31-12-2020 | 31-07-2021 | 27-05-2021 | 65 d early | 2021-15900206 |
| 31-12-2019 | 31-07-2020 | 12-06-2020 | 49 d early | 2020-17000092 |
| 31-12-2018 | 31-07-2019 | 11-06-2019 | 50 d early | 2019-17500349 |
| 31-12-2017 | 31-07-2018 | 05-06-2018 | 56 d early | 2018-16300107 |
| 31-12-2016 | 31-07-2017 | 05-07-2017 | 26 d early | 2017-27700152 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2002, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneFor this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-29k+22.7%
Working capital€404k+132.5%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-06-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~4.3%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€95k
-
18-25
€-29k
+22.7%
18-25
€99k
+935.8%
18-25
€1.51M
+15.3%
18-25
€149k
+1.7%
18-25
€404k
+132.5%
18-25
62
-3.3%
18-25
€4.10M
+4.0%
18-25
€3k
-31.1%
18-25
€1.36M
+17.0%
18-25
€601k
-20.3%
18-25
€400k
-1.4%
18-25
1.67
+35.9%
18-25
1.67
+35.9%
18-25
9.8%
-11.8%
18-25
9.16
+15.0%
18-25
-19.7%
+24.0%
18-25
-1.9%
+33.0%
18-25
31.75
-
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €95k |
| Net profit | €-29k |
| Cash flow | €99k |
| Staff costs | €4.10M |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €1.51M |
| Equity | €149k |
| Debt | €1.36M |
| of which ≤ 1y | €601k |
| of which > 1y | €400k |
| Working capital | €404k |
| Employees (FTE) | 61.5 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.67 |
| Quick ratio | 1.67 |
| Working capital ratio | 26.7% |
| Solvency | 9.8% |
| Debt / equity | 9.16 |
| Long-term debt ratio | 2.69 |
| Interest coverage | 31.75 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.9% |
| ROE | -19.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.51M |
| Fixed assets | 21/28 | €509k |
| Tangible fixed assets | 22/27 | €507k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €1.00M |
| Amounts receivable within one year | 40/41 | €295k |
| Cash & bank | 54/58 | €698k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.51M |
| Equity | 10/15 | €149k |
| Contributions / capital | 10/11 | €265k |
| Accumulated profits (losses) | 14 | €-122k |
| Amounts payable | 17/49 | €1.36M |
| Amounts payable after one year | 17 | €400k |
| Amounts payable within one year | 42/48 | €601k |
| Trade debts payable within one year | 44 | €52k |
| Income statement | ||
| Gross operating margin | 9900 | €4.22M |
| Operating result | 9901 | €-33k |
| Financial income | 75 | €10k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-26k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €-29k |
| Result to be appropriated | 9905 | €-29k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed61
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
31 directorsCurrent directors & mandates
-
Current18-12-2025 → present
-
Current20-02-2025 → present
-
Current20-02-2025 → present
-
Current20-02-2025 → present
-
Current19-08-2022 → present
-
Current22-05-2014 → present
2 events
- 20-02-2025 Mandate renewed· Director
- 22-05-2014 Appointed· Director
Historic, not recently confirmed (10)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2019
2 events
- 06-06-2019 Appointed· Director
- 10-07-2018 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2018
2 events
- 10-07-2018 Resigned· Director
- 10-07-2018 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2018
2 events
- 10-07-2018 Resigned· Director
- 10-07-2018 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2018
2 events
- 10-07-2018 Resigned· Director
- 10-07-2018 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2018
3 events
- 10-07-2018 Resigned· Director
- 10-07-2018 Mandate renewed· Director
- 22-05-2014 Appointed· Director
-
Not recently confirmedlast confirmed in an act from 2018
2 events
- 10-07-2018 Resigned· Director
- 10-07-2018 Mandate renewed· Director
-
Not recently confirmedlast confirmed in an act from 2018
-
Not recently confirmedlast confirmed in an act from 2018
-
Not recently confirmedlast confirmed in an act from 2014
-
Not recently confirmedlast confirmed in an act from 2014
2 events
- 22-05-2014 Resigned· Director
- 22-05-2014 Appointed· Director
Permanent representatives (2)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
Permanent representative13-12-2012 → present
-
Permanent representative- → 13-12-2012
Former directors (15)
-
Former20-02-2025 → 18-12-2025
2 events
- 18-12-2025 Resigned· Director
- 20-02-2025 Mandate renewed· Director
-
Former- → 20-02-2025
-
Former- → 20-02-2025
-
Former- → 20-02-2025
-
Former22-05-2014 → 19-08-2022
2 events
- 19-08-2022 Resigned· Director
- 22-05-2014 Appointed· Director
-
Former22-05-2014 → 19-08-2022
3 events
- 19-08-2022 Resigned· Director
- 22-05-2014 Resigned· Director
- 22-05-2014 Appointed· Director
-
Former- → 10-07-2018
-
Former- → 10-07-2018
-
Former- → 22-05-2014
-
Former- → 22-05-2014
-
Former- → 22-05-2014
-
Former- → 22-05-2014
-
Former- → 22-05-2014
-
Former- → 22-05-2014
+ 1 not shown in this overview
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Integrale jeugdhulp met huisvesting(87991) |
| Legal form | Vereniging van OCMW's(420) |
| Incorporation | 23-12-2002 |
| Status | Active |
| Postal code | 6460 |
Structure & network
Locations & real estate
Establishment units
3 locationsAssociation Espéranto Chimay
since 20052.160.517.028
ESPERANTO L'ETAPE-MENA
since 20162.252.930.809
ESPERANTO L'ETAPE-MENA
since 20232.388.578.379
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2,485 m²
Buildings2
Building footprint509 m²
Volume (LiDAR)1,627 m³
Tallest building12.2 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93015F0384/00G000 | Wallonia | 1,667 m² | 1 · 160 m² | 12.2 m · 3 fl. |
| 56016D0384/00W000 | Wallonia | 818 m² | 1 · 350 m² | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
15 acts All acts · 15
updated 6 months ago
2026
30-01-2026 1 director appointed, 1 resigning
2025
16-07-2025 3 resigning, 5 reappointed
- Eric BIARD, Bestuurder
- Frédéric PIRAUX, Bestuurder
- Christine TESMER, Bestuurder
- Nathalie CHOMY, Bestuurder
- Sophie VAN LANGENDICJK, Bestuurder
- Daniel VANDENAVENNE, Bestuurder
- Denis XHROUET, Bestuurder
- Valérie WIELS, Bestuurder
Summary:
v3.2
2023
19-12-2023 Articles of association amended
Summary:
v3.2
2022
19-08-2022 1 director appointed, 2 resigning
- TESMER-THIBAUT Christine, Bestuurder
- Abrassart Monique, Bestuurder
- VAN DE WEGHE Benoit, Bestuurder
Summary:
v3.2
2021
09-12-2021 Change in the board of directors
Summary:
v3.2
04-06-2021 Change in the board of directors
Summary:
v3.2
2019
05-07-2019 Change in the board of directors
Summary:
v3.2
05-07-2019 PIRAUX F. appointed as director
2018
10-07-2018 1 director appointed, 7 resigning, 7 reappointed
- S. Biaudelle, Zaakvoerder
- D. Xhrouet, Bestuurder
- M. Abrassart, Bestuurder
- B. Van De Weghe, Bestuurder
- M. Van Petegem, Bestuurder
- M.L. Bauwens, Bestuurder
- C. Nile, Bestuurder
- J. Larcin, Bestuurder
Summary:
v3.2
10-07-2018 Articles of association amended
Summary:
v3.2
25-01-2018 Change in the board of directors
Summary:
v3.2
2014
22-05-2014 4 directors appointed, 5 resigning
- Benoit VAN DE WEGHE, Bestuurder
- Bauduin LOUETTE, Bestuurder
- Martine GENOVA, Bestuurder
- ABRASSART, Bestuurder
- ROBIN Emilie, Bestuurder
- DEGIVE Denis, Bestuurder
- RIFFLARD Françoise, Bestuurder
- DE PESTEL MELANIE, Bestuurder
Summary:
v3.2
22-05-2014 2 directors appointed, 4 resigning
- Denis XHROUET, Bestuurder
- Monique ABRASSART, Bestuurder
- Christian NILE, Bestuurder
- Martine GENOVA, Bestuurder
- Baudouin LOUETTE, Bestuurder
- Benoît VAN DE WEGHE, Bestuurder
Summary:
v3.2
22-05-2014 Articles of association amended
Summary:
v3.2
2013
09-09-2013 1 director appointed, 1 resigning
- Christian Nile, Vaste vertegenwoordiger
- P. BRISBOIS, Vaste vertegenwoordiger
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes45
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
61
Profitability
0
Solvency
33
Growth
32
Stability
100
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verdict per customer and amountSimilar
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal name | Esperanto |
Registered office
Chaussée de Couvin(CH) 36
6460 Chimay, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.