Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Late annual account NBB
Fiscal year 2024 was filed 330 days after the legal deadline.
Financials
Financial year 2024
ESE from Veurne, company number BE0698971112, closed financial year 2024 with a result of € -2.3 million after tax. For that financial year ESE recorded revenue of € 13.3 million and equity of € -112,189. Compared with financial year 2023, the result moved from € 992 to € -2.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ -112,189
▼ € 2.3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▼ still € 992 profit in 2023
Profit after tax over the fiscal year.
€ 759,280
▲ € 621,225 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -294,689.
People and assets in 2024
35.2
▼ 1.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▼ 6% vs 2023
€ 75,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 157,852
▼ 36% vs 2023
Of which on lease € 60,110.
Debts at end 2024
€ 4.1 million
▼ 1% vs 2023
€ 156,398 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.2 million
▼ 29% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 303,806
▼ 59% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 23,426,802 | € 28,318,793 | € 13,336,719 | ▼ 53% |
| Profit after taxes | € 1,143,636 | € 992 | € -2,250,107 | ▼ € 2.3 million |
| Equity | € 2,136,926 | € 2,137,918 | € -112,189 | ▼ € 2.3 million |
| Total debts | € 10,332,025 | € 9,083,592 | € 8,943,310 | ▼ 2% |
| Cash | € 2,104,466 | € 138,055 | € 759,280 | ▲ € 621,225 |
| Retained profit | € 1,954,426 | € 1,955,418 | € -294,689 | ▼ € 2.3 million |
| Bank debt | € 4,534,625 | € 4,119,914 | € 4,059,778 | ▼ 1% |
| Balance sheet total | € 12,791,013 | € 11,591,130 | € 9,265,956 | ▼ 20% |
| Employees (FTE) | 26.8 | 36.4 | 35.2 | ▼ 1.2 |
Key figures of ESE, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ESE?
What happened at ESE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 2.3 million (▼ € 2.3 million vs 2023). filed late Source: NBB ↗
- New establishment in Veurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 2.3 million loss in 2024.
Paid € 458,644 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Pays suppliers within 69 days on average.
A new publication or filing at ESE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ESE.group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ESEBehind ESE is ESE.group BV. The shares are held by ESE.group (99%).
Directors
According to the 2024 annual accounts
Director · represented by Bart Sillis
Also active at: The Sunkeeper, ESE.roof, SolarPower Partners, ESE.Invest
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ondernemingenstraat 9
8630 Veurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0698.971.112
- VAT number
- BE 0698.971.112
- Registered office
- Ondernemingenstraat 9, 8630 Veurne
- Names & denominations
- ESE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2018
- Peppol
- Active · Active since 10 Feb 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken