ACTIVE

ESE

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Financial year 2025 · closed on 30/09/2025

Net result

168,3 k €

-52.1% YoY

Gross margin

322,7 k €

-1.7% YoY

Equity

2,6 M €

+6.8% YoY

Workforce

2,0 ETP

0.0% YoY

What does ESE do?

ESE is a Public limited company incorporated in 1991. Its registered office is in Stabroek. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.224.168

Incorporation

30/05/1991

Legal form

Public limited company

Registered office

Abtsdreef 10 box A
2940 Stabroek · FlandreSee on map

Contributed capital

179 722,81 €

Latest accounts

30/09/2025

Average workforce

2,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	322,7 k €	-1.7%	328,1 k €	+3.3%	317,6 k €	+13.9%	278,9 k €	-30.6%	401,8 k €	+19.9%	335,2 k €	+20.4%	278,5 k €	+49.6%	186,1 k €	+7.2%	173,6 k €	+8.4%	160,2 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	119,6 k €	-32.2%	176,5 k €	+18.6%	148,8 k €	+16.4%	127,8 k €	-45.6%	234,7 k €	+20.5%	194,8 k €	+2.8%	189,4 k €	+672%	-33,1 k €	+47.8%	-63,4 k €	+22.7%	-82 k €	-33.1%	-61,6 k €	-322%	27,7 k €	+116%	-171,5 k €	-517%	-27,8 k €	-118%	150,6 k €	-51.3%	309,2 k €	+8.0%	286,3 k €	+239%	84,4 k €	+85.2%	45,6 k €	+9.3%	41,7 k €
Operating result	114,5 k €	-37.1%	182,1 k €	+22.4%	148,8 k €	+21.8%	122,1 k €	-47.9%	234,5 k €	+25.7%	186,6 k €	-1.3%	189,1 k €	+666%	-33,4 k €	+47.6%	-63,7 k €	+23.0%	-82,8 k €	-32.9%	-62,3 k €	-330%	27,1 k €	+115%	-177,3 k €	-527%	-28,3 k €	-119%	150,1 k €	-51.4%	309 k €	+8.3%	285,4 k €	+248%	82,1 k €	+83.5%	44,7 k €	+12.3%	39,8 k €
Net result	168,3 k €	-52.1%	351,6 k €	+60.5%	219 k €	+518%	-52,4 k €	-126%	199,8 k €	+23.8%	161,4 k €	+7.1%	150,7 k €	+19427%	-779,7 €	+98.0%	-39 k €	-147%	-15,8 k €	-163%	24,9 k €	-80.9%	130,3 k €	+92.5%	67,7 k €	-2.7%	69,6 k €	-65.8%	203,6 k €	-23.3%	265,4 k €	-34.7%	406,4 k €	+569%	60,8 k €	+18.5%	51,3 k €	+18.1%	43,4 k €
Balance sheet
Equity	2,6 M €	+6.8%	2,5 M €	+16.6%	2,1 M €	+11.5%	1,9 M €	-2.7%	2 M €	+11.4%	1,8 M €	+10.1%	1,6 M €	+10.5%	1,4 M €	-0.1%	1,4 M €	-2.6%	1,5 M €	-1.1%	1,5 M €	+1.7%	1,5 M €	+9.7%	1,3 M €	+5.3%	1,3 M €	+5.8%	1,2 M €	+20.4%	1 M €	+36.1%	734,9 k €	+124%	328,5 k €	+22.7%	267,8 k €	+23.7%	216,5 k €
Total assets	3,2 M €	-2.5%	3,3 M €	+6.5%	3,1 M €	-12.2%	3,5 M €	+33.7%	2,6 M €	+10.0%	2,4 M €	+5.2%	2,3 M €	+15.0%	2 M €	+4.0%	1,9 M €	-6.4%	2 M €	+4.7%	1,9 M €	-26.3%	2,6 M €	+4.3%	2,5 M €	+26.7%	2 M €	-3.8%	2,1 M €	+17.6%	1,8 M €	+13.1%	1,5 M €	+108%	746,1 k €	-4.7%	782,6 k €	+35.8%	576,2 k €
Cash	113 €	-95.6%	2,5 k €	-18.4%	3,1 k €	+2661%	113 €	-66.5%	337,1 €	-11.8%	382,3 €	-88.2%	3,2 k €	+7.3%	3 k €	-12.1%	3,4 k €	+12.8%	3 k €	+1777%	162,3 €	-88.4%	1,4 k €	+323%	332 €	-99.7%	113,7 k €	+600%	16,3 k €	-85.3%	110,8 k €	+265%	30,4 k €	+208%	9,9 k €	-56.7%	22,8 k €	-51.9%	47,5 k €
Debts	509,2 k €	-33.0%	760,5 k €	-9.5%	840,6 k €	-43.4%	1,5 M €	+149%	596,6 k €	+4.1%	572,9 k €	-11.2%	645,3 k €	+33.0%	485,2 k €	+13.1%	429,2 k €	-18.7%	528,2 k €	+24.6%	423,7 k €	-62.2%	1,1 M €	-2.0%	1,1 M €	+68.0%	681,1 k €	-16.0%	811,2 k €	+12.8%	719,5 k €	-5.4%	760,4 k €	+110%	361,4 k €	-21.2%	458,7 k €	+44.0%	318,6 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	-10.7%	2,8 ETP	0.0%	2,8 ETP	+40.0%	2,0 ETP	-25.9%	2,7 ETP	-6.9%	2,9 ETP	-6.5%	3,1 ETP	+10.7%	2,8 ETP	0.0%	2,8 ETP	+3.7%	2,7 ETP	+3.8%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	-21.2%	3,3 ETP	-8.3%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 18 ended

Active mandates

Jérôme Berger

Director · since 20 janvier 2025 · until 27 mars 2031

Active

Vincent Nomblot

Director · since 20 janvier 2025 · until 27 mars 2031

Active

Adrianus van Wessem

Managing director · since 20 juin 2024 · until 28 mars 2030

Active

Ended mandates

Adrianus van Wessem

Managing director · since 20 juin 2024 · until 19 juin 2030

Ended

Ian McIntosh

Director · since 20 juin 2024 · until 19 juin 2030

Ended

Adrianus van Wessem

Managing director · since 07 mars 2023 · until 06 mars 2029

Ended

Ian Mcintosh

Director · since 07 mars 2023 · until 06 mars 2029

Ended

At this address

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IMMOFREE● Active	0439.790.278
INDUSTRIAL CLEANING BELGIUM● Active	0456.179.023
NEDERLANDS-BELGISCH CENTRUM● Active	0808.636.144
SA-NCI ADITI RIKSHA● Active	0782.856.910
Steder Group Belgium● Bankrupt	0898.007.093

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	9 months	12 months	12 months	12 months	12 months
Filing date	15/04/2026	10/04/2025	17/10/2024	11/10/2023	06/03/2023	01/03/2023
General meeting	26/03/2026	27/03/2025	24/09/2024	02/10/2023	–	27/02/2023
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	26/03/2026	15/04/2026	Dutch	PDF
Abridged model	30/09/2024	27/03/2025	10/04/2025	Dutch	PDF
Abridged model	31/12/2023	24/09/2024	17/10/2024	Dutch	PDF
Abridged model	31/12/2022	02/10/2023	11/10/2023	Dutch	PDF
Abridged model	31/12/2021	—	06/03/2023	Dutch	PDF
Abridged model	31/12/2020	27/02/2023	01/03/2023	Dutch	PDF
Abridged model	31/12/2019	03/02/2023	06/02/2023	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	29/05/2019	Dutch	PDF
Abridged model	31/12/2017	09/04/2019	15/04/2019	Dutch	PDF
Abridged modelCorrection	31/12/2016	20/07/2017	22/03/2019	Dutch	PDF
Abridged model	31/12/2016	20/07/2017	23/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	27/08/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	28/05/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Full model	31/12/2011	07/05/2012	30/08/2012	Dutch	PDF
Full modelCorrection	31/12/2010	05/05/2011	19/12/2011	Dutch	PDF
Full model	31/12/2010	05/05/2011	01/06/2011	Dutch	PDF
Full model	31/12/2009	05/05/2010	26/05/2010	Dutch	PDF
Full model	31/12/2008	05/05/2009	27/05/2009	Dutch	PDF
Full model	31/12/2007	05/05/2008	27/06/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	09/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 18 ended

Active mandates

Jérôme Berger

Director · since 20 janvier 2025 · until 27 mars 2031

Active

Vincent Nomblot

Director · since 20 janvier 2025 · until 27 mars 2031

Active

Adrianus van Wessem

Managing director · since 20 juin 2024 · until 28 mars 2030

Active

Ended mandates

Adrianus van Wessem

Managing director · since 20 juin 2024 · until 19 juin 2030

Ended

Ian McIntosh

Director · since 20 juin 2024 · until 19 juin 2030

Ended

Adrianus van Wessem

Managing director · since 07 mars 2023 · until 06 mars 2029

Ended

Ian Mcintosh

Director · since 07 mars 2023 · until 06 mars 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares12/06/2024
KAPITAAL - AANDELEN
PDF
Mandates25/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2023
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates19/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/07/2013
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025168,3 k €↓
2024
Annual accounts 2024351,6 k €↑
2023
Annual accounts 2023219 k €↑
2022
Annual accounts 2022-52,4 k €↓
2021
Annual accounts 2021199,8 k €↑
2020
Annual accounts 2020161,4 k €↑
2019
Annual accounts 2019150,7 k €↑
2018
Annual accounts 2018-779,7 €↑
2017
Annual accounts 2017-39 k €↓
2016
Annual accounts 2016-15,8 k €↓
2015
Annual accounts 201524,9 k €↓
2014
Annual accounts 2014130,3 k €↑
2013
Annual accounts 201367,7 k €↓
2012
Annual accounts 201269,6 k €↓
2011
Annual accounts 2011203,6 k €↓
2010
Annual accounts 2010265,4 k €↓
2009
Annual accounts 2009406,4 k €↑
2008
Annual accounts 200860,8 k €↑
2007
Annual accounts 200751,3 k €↑
2006
Annual accounts 200643,4 k €
30/05/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ESE

Overview

What does ESE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline