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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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. At incorporation the founders contributed € 32,175 in kind: shares or other assets, valued in the deed.
€ -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.
| 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 |
By revenue, ESE ranks 2nd of 4 companies with main activity “Algemene elektrotechnische installatiewerken” in Veurne that publish figures (fiscal year 2024).
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.
Ask about ESE 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 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 ↗
- Capital increase of € 150,000, published in the Gazette. Source: Staatsblad ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Veurne. 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.
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.
Similar companies in Veurne
Same main activity (Algemene elektrotechnische installatiewerken), 35 active companies in Veurne, largest first.
€ 41.9 million revenue · 2025
€ 4.6 million gross margin · 2025
€ 3.7 million gross margin · 2025
€ 1.7 million gross margin · 2025
€ 1.4 million gross margin · 2026
€ 1.4 million revenue · 2025
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- ECO SOLUTIONS ENERGIE(oprichter) 99%
- SILLIS Bart(oprichter) 0.8%
- VANDENBUSSCHE Pascal Christian Roger(oprichter) 0.2%
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