Essensium
ActiveSummary
Essensium has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.06M and a net result of €-2k. Equity is growing by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-3
Solvency78▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.26 in 2023; short-term debt: 43.3% and cash: 7.4% of total assets), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.8%
Return on assets
0%
Age of the figures
21 mo
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 09-05-2025, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
83 d early
2023
64 d early
2022
68 d early
2021
1 d late
2020
75 d early
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€5.06M▲ 10.9%
2023 · €4.57M
2018: €621k
2019: €1.18M
2020: €1.90M
2021: €3.42M
2022: €4.39M
2023: €4.57M
2018 → 2024
Total assets
€9.60M▲ 36.9%
2023 · €7.01M
2018: €2.06M
2019: €2.19M
2020: €2.52M
2021: €3.99M
2022: €5.07M
2023: €7.01M
2018 → 2024
Net result
€-2k
2023 · €172k
2018: €169k
2019: €556k
2020: €721k
2021: €1.52M
2022: €977k
2023: €172k
2018 → 2024
Working capital
€-372k
2023 · €577k
2018: €288k
2019: €667k
2020: €1.26M
2021: €1.81M
2022: €1.79M
2023: €577k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.90M-€3.42M▲ 80.1%€4.39M▲ 28.6%€4.57M▲ 3.9%€5.06M▲ 10.9%
Operating result€657k-€1.46M▲ 122%€950k▼ 35.0%€135k▼ 85.8%€-38k
Net result€721k-€1.52M▲ 111%€977k▼ 35.7%€172k▼ 82.3%€-2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €38k after €135k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.60M
Fixed assets
€5.81M ▲ 37.1%
Current assets
€3.78M ▲ 36.5%
Equity and liabilities €9.60M
Equity
€5.06M ▲ 10.9%
Debt
€4.53M ▲ 85.4%
Debt's share of the balance-sheet total rises from 34.9% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.39M▲
2023 · €1.09M
Cash flow
€1.43M▲
2023 · €1.12M
Current ratio
0.91▼
2023 · 1.26
Quick ratio
0.84▼
2023 · 1.14
Debt to equity
0.89▲
2023 · 0.53
ROE
0.0%▼
2023 · 3.8%
ROA
0.0%▼
2023 · 2.5%
Interest coverage
15.96▼
2023 · 70.10
Debt ≤ 1 year
€4.16M▲
2023 · €2.20M
Income taxes
€-122k▼
2023 · €-53k
Staff costs
€5.16M▲
2023 · €4.40M
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.01M€9.60M▲
Fixed assets21/28€4.24M€5.81M▲
Intangible fixed assets21€4.17M€5.75M▲
Tangible fixed assets22/27€39k€38k▼
Plant, machinery and equipment23€26k€14k▼
Furniture and vehicles24€13k€19k▲
Other tangible fixed assets26€457€5k▲
Financial fixed assets28€26k€27k▲
Current assets29/58€2.77M€3.78M▲
Stocks and contracts in progress3€260k€305k▲
Stocks30/36€260k€305k▲
Amounts receivable within one year40/41€2.28M€2.72M▲
Trade receivables40€1.82M€1.90M▲
Other amounts receivable41€458k€824k▲
Current investments50/53€156€239▲
Cash at bank and in hand54/58€131k€710k▲
Deferred charges and accrued income490/1€105k€48k▼
Equity and liabilities
Total equity and liabilities10/49€7.01M€9.60M▲
Equity10/15€4.57M€5.06M▲
Contributions10/11€740k€1.24M▲
Capital10€740k€1.24M▲
Issued capital100€740k€1.24M▲
Profit (loss) carried forward14€3.83M€3.82M▼
Amounts payable17/49€2.44M€4.53M▲
Amounts payable within one year42/48€2.20M€4.16M▲
Financial debts43€1.09M€2.43M▲
Credit institutions430/8€1.09M€2.43M▲
Trade debts44€469k€870k▲
Suppliers440/4€469k€870k▲
Taxes, remuneration and social security45€638k€861k▲
Taxes450/3€69k€293k▲
Remuneration and social security454/9€568k€568k▼
Accrued charges and deferred income492/3€247k€374k▲
Income statement
Code20232024
Remuneration, social security and pensions62€4.40M€5.16M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€951k€1.43M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€5.49M€6.55M▲
Operating profit (loss)9901€135k€-38k▼
Financial income75/76B€184€2k▲
Recurring financial income75€184€2k▲
Financial charges65/66B€15k€87k▲
Recurring financial charges65€15k€87k▲
Profit (loss) for the period before taxes9903€120k€-124k▼
Income taxes67/77€-53k€-122k▼
Profit (loss) for the period9904€172k€-2k▼
Profit (loss) for the period to be appropriated9905€172k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.83M€3.82M▼
Profit (loss) brought forward from the previous period14P€3.65M€3.83M▲
Social balance
Average headcount (FTE)908747.151.6▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼101%
Net result drops to €-2k, the lowest in the series.
31-12
Financial
Equity above €5MEq €5.06M ▲10.9%
Equity rises from €4.57M to €5.06M.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Highest result since 2018net €1.52M ▲111%
Operating result €1.46M, net result €1.52M, both a record.
31-12
Financial
Equity above €2MEq €3.42M ▲80.1%
4 profitable years in a row build equity to €3.42M.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.89
Current ratio from 1.74 to 3.89; short-term debt falls from €900k to €437k.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Equity above €1MEq €1.18M ▲89.5%
2 profitable years in a row build equity to €1.18M.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Leuven · 1 establishment unit 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.
Gaston Geenslaan 103001 LeuvenGround area
1.2 ha
Building footprint
1,177 m²
Parcel 24040B0224/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Essensium
since 20052.147.195.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24040B0224/00B000 | Flanders | 1.2 ha | 1 · 1,177 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 79,634 EUR awarded · 78,914 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 27,649 EUR | 27,649 EUR |
| 2024 | 3 | 24,367 EUR | 23,647 EUR |
| 2023 | 3 | 25,403 EUR | 25,403 EUR |
| 2022 | 1 | 2,215 EUR | 2,215 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 1,310 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 formPublic limited company
Founded25-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
64210Activities of holding companies
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
3 entriesE-mail:info@essensium.com
Phone:016 28 65 00
Fax:016 28 65 01