Esperanto
ActiveSummary
For 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. Its solvency ranks better than 20% of 533 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy▲ +25 vs 2024
The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+51
Solvency35▼-1
Growth32=
Track record100
Credit verdict
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.23 in 2024; short-term debt: 39.7% and cash: 46.1% of total assets), but 90.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 533 sector peers (2025).
NBB · sector comparisonPosition among 533 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €149k
neutral · Latest 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.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
35 d early
2023
35 d early
2022
60 d early
2021
34 d early
2020
65 d early
2019
49 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-29k▲ 22.7%
2024 · €-38k
2018: €16k
2019: €6k
2020: €-7k
2021: €-4k
2022: €-10k
2023: €-19k
2024: €-38k
2018 → 2025
Working capital
€404k▲ 133%
2024 · €174k
2018: €430k
2019: €592k
2020: €522k
2021: €444k
2022: €491k
2023: €383k
2024: €174k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€202k-€132k▼ 34.9%€78k▼ 40.5%€146k▲ 86.7%€149k▲ 1.7%
Operating result€-4k-€-10k▼ 131%€-23k▼ 138%€-49k▼ 116%€-33k▲ 32.5%
Net result€-4k-€-10k▼ 125%€-19k▼ 101%€-38k▼ 94.7%€-29k▲ 22.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2025 against €49k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€509k ▲ 31.9%
Current assets
€1.00M ▲ 8.3%
Equity and liabilities €1.51M
Equity
€149k ▲ 1.7%
Debt
€1.36M ▲ 17.0%
Debt's share of the balance-sheet total rises from 88.8% to 90.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€95k▲
2024 · €-2k
Cash flow
€99k▲
2024 · €10k
Current ratio
1.67▲
2024 · 1.23
Debt to equity
9.16▲
2024 · 7.96
ROE
-19.7%▲
2024 · -25.9%
ROA
-1.9%▲
2024 · -2.9%
Interest coverage
31.75▲
2024 · -36.93
Debt ≤ 1 year
€601k▼
2024 · €753k
Debt > 1 year
€400k▼
2024 · €406k
Income taxes
€3k▼
2024 · €4k
Staff costs
€4.10M▲
2024 · €3.94M
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.31M€1.51M▲
Fixed assets21/28€386k€509k▲
Tangible fixed assets22/27€381k€507k▲
Land and buildings22€225k€213k▼
Plant, machinery and equipment23€30k€25k▼
Furniture and vehicles24€113k€238k▲
Other tangible fixed assets26€13k€30k▲
Financial fixed assets28€5k€3k▼
Current assets29/58€927k€1.00M▲
Amounts receivable within one year40/41€270k€295k▲
Trade receivables40-€4k
Other amounts receivable41€270k€291k▲
Cash at bank and in hand54/58€649k€698k▲
Deferred charges and accrued income490/1€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.51M▲
Equity10/15€146k€149k▲
Contributions10/11€234k€265k▲
Capital10€234k€265k▲
Profit (loss) carried forward14€-93k€-122k▼
Investment grants15€6k€6k=
Amounts payable17/49€1.17M€1.36M▲
Amounts payable after more than one year17€406k€400k▼
Financial debts170/4€95k€89k▼
Other amounts payable178/9€311k€311k=
Amounts payable within one year42/48€753k€601k▼
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€190k€52k▼
Suppliers440/4€190k€52k▼
Taxes, remuneration and social security45€445k€493k▲
Remuneration and social security454/9€445k€493k▲
Accrued charges and deferred income492/3€7k€364k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€45k▲
Remuneration, social security and pensions62€3.94M€4.10M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€129k▲
Other operating charges640/8€35k€12k▼
Non-recurring operating charges66A€1k€20k▲
Gross operating margin9900€3.97M€4.22M▲
Operating profit (loss)9901€-49k€-33k▲
Financial income75/76B€16k€10k▼
Recurring financial income75€16k€10k▼
Financial charges65/66B€47€3k▲
Recurring financial charges65€47€3k▲
Profit (loss) for the period before taxes9903€-34k€-26k▲
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€-38k€-29k▲
Profit (loss) for the period to be appropriated9905€-38k€-29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-122k▼
Profit (loss) brought forward from the previous period14P€-55k€-93k▼
Social balance
Average headcount (FTE)908763.661.5▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €146k ▲86.7%
Equity rises from €78k to €146k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €202k ▲9.6%
Equity rises from €185k to €202k.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Chimay · 3 establishment units since 2005
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.
Chaussée de Couvin(CH) 366460 ChimayGround area
8,229 m²
Building footprint
826 m²
Volume, LiDAR
1,627 m³
3 parcels, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Association 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
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93014C0277/00L000 | Wallonia | 5,744 m² | 1 · 317 m² | - |
| 93015F0384/00G000 | Wallonia | 1,667 m² | 1 · 160 m² | 12.2 m · 3 fl. |
| 56016D0384/00W000 | Wallonia | 818 m² | 1 · 350 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 63 entries · 12,737,418 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 41 | 4,356,483 EUR |
| 2024 | 7 | 3,543,665 EUR |
| 2023 | 11 | 3,683,652 EUR |
| 2022 | 2 | 1,143,900 EUR |
| 2021 | 2 | 9,718 EUR |
Budget allocations
Subventions aux services résidentiels et aux services qui mettent en œuvre un projet éducatif particulier
Fonds budgétaire destiné à subventionner des actions et des mesures d'aide à la jeunesse et de protection de la jeunesse
Initiatives diverses, projets particuliers et innovants
Recognitions · licences · registrations
Food safety, FASFC
2 sitesChimay2.160.517.028
Couvin2.252.930.809
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Of 228 companies in sector 87991 we hold annual accounts for 209. 121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formVereniging van OCMW's
Founded23-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
87991Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:officiel.pr-esperanto@esperantomena.org
E-mail:direction@etape-mena.be
E-mail:nicole@esperantomena.org
Phone:078/15.38.91