Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ESDE from Brugge, company number BE0451147889, closed financial year 2025 with a result of € -20,000 after tax. For that financial year ESDE recorded a gross margin of € 202,753 and equity of € 460,250. Compared with financial year 2024, the result moved from € -36,153 to € -20,000. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 5, 2026.
€ 460,250
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,000
▲ 45 % less loss than in 2024
Profit after tax over the fiscal year.
€ 17,794
▲ € 15,474 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 155,015.
People and assets in 2025
€ 59,980
▼ 23% vs 2024
Of which on lease € 55,266.
Debts at end 2025
€ 1.3 million
▼ 11% vs 2024
€ 149,180 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 7,746
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,810
▼ 16% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 324,824 | € 169,226 | € 167,551 | € 202,753 | ▲ 21% |
| Profit after taxes | € 152,407 | € 7,188 | € -36,153 | € -20,000 | ▲ € 16,153 |
| Equity | € 509,215 | € 516,403 | € 480,250 | € 460,250 | ▼ 4% |
| Total debts | € 2,179,042 | € 2,155,865 | € 2,172,280 | € 2,099,718 | ▼ 3% |
| Cash | € 7,872 | € 42,433 | € 2,320 | € 17,794 | ▲ € 15,474 |
| Land & buildings | € 2,560,329 | € 2,502,278 | € 2,444,757 | € 2,357,919 | ▼ 4% |
| Retained profit | € 203,980 | € 211,168 | € 175,015 | € 155,015 | ▼ 11% |
| Bank debt | € 1,634,425 | € 1,500,635 | € 1,404,598 | € 1,255,969 | ▼ 11% |
| Balance sheet total | € 2,740,833 | € 2,722,491 | € 2,700,398 | € 2,605,482 | ▼ 4% |
By gross margin, ESDE ranks 10th of 38 companies with main activity “Activiteiten van hoofdkantoren” in Brugge that publish figures (fiscal year 2025).
Key figures of ESDE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about ESDE the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to ESDE?
What happened at ESDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stephanie Lemahieu stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20,000. Source: NBB ↗
- Stephanie Lemahieu became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 152,407 profit in 2022 to € 20,000 loss in 2025.
Paid € 34,630 in corporate taxes since 2022.
Best year ever: 2022, with € 152,407 profit.
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Magdalenastraat 2
8200 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0451.147.889
- VAT number
- BE 0451.147.889
- Registered office
- Magdalenastraat 2, 8200 Brugge
- Names & denominations
- ESDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 1993
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Coördinatiecentra
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