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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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ESP-BAKBOORD from Middelkerke, company number BE0716646787, closed financial year 2025 with a result of € -6,327 after tax. For that financial year ESP-BAKBOORD recorded a gross margin of € -1,993 and equity of € 173,215. Compared with financial year 2024, the result moved from € 43,222 to € -6,327. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 173,215
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,327
▼ still € 43,222 profit in 2024
Profit after tax over the fiscal year.
€ 18,110
▲ 112% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 133,215.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 42,884
▼ 39% vs 2024
€ 3,723 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,472 | € -1,759 | € -2,417 | € -1,993 | ▲ € 423 |
| Profit after taxes | € 20,641 | € 18,187 | € 43,222 | € -6,327 | ▼ € 49,549 |
| Equity | € 118,134 | € 136,321 | € 179,543 | € 173,215 | ▼ 4% |
| Total debts | € 210,985 | € 233,791 | € 147,319 | € 164,518 | ▲ 12% |
| Cash | € 11,119 | € 52,112 | € 8,524 | € 18,110 | ▲ 112% |
| Retained profit | € 78,134 | € 96,321 | € 139,543 | € 133,215 | ▼ 5% |
| Bank debt | € 164,092 | € 146,726 | € 70,754 | € 42,884 | ▼ 39% |
| Balance sheet total | € 329,119 | € 370,112 | € 326,862 | € 337,733 | ▲ 3% |
Key figures of ESP-BAKBOORD, 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.
What happened to ESP-BAKBOORD?
What happened at ESP-BAKBOORD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,327 (▼ € 49,549 vs 2024). Source: NBB ↗
- Geni Projects became a director. NBB
- Pieter Markey became a director. NBB
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,641 profit in 2022 to € 6,327 loss in 2025.
Best year ever: 2024, with € 43,222 profit.
Management
Behind ESP-BAKBOORD are Geni Projects and Pieter Markey. It owns 100% of Groep T itself.
Directors
According to the 2025 annual accounts
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Nieuwpoortlaan 75
8434 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0716.646.787
- VAT number
- BE 0716.646.787
- Registered office
- Nieuwpoortlaan 75, 8434 Middelkerke
- Names & denominations
- ESP-BAKBOORD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2018
- Peppol
- Active · Active since 13 Nov 2025