ACTIVE

E.S.C.

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Financial year 2025 · closed on 31/12/2025

Net result

-23,7 k €

+10.9% YoY

Gross margin

9,6 k €

-21.8% YoY

Equity

2,5 M €

-0.9% YoY

What does E.S.C. do?

E.S.C. is a Public limited company incorporated in 1991. Its main activity is: Management consultancy activities. Its registered office is in Hulshout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.743.713

Incorporation

17/07/1991

Legal form

Public limited company

Registered office

Bertelsbroekstraat 26
2235 Hulshout · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

Solid equityLow riskPositive cashflow

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	9,6 k €	-21.8%	12,3 k €	-21.4%	15,7 k €	+18.2%	13,3 k €	-5.9%	14,1 k €	+34.0%	10,5 k €	-45.6%	19,3 k €	+17.2%	16,5 k €	-4.7%	17,3 k €	-10.9%	19,4 k €	+48.6%	13,1 k €	-47.0%	24,7 k €	-14.6%	28,9 k €	+0.1%	28,8 k €	+1062%	-3 k €	-135%	8,5 k €	-65.3%	24,6 k €	-47.1%	46,5 k €	+86.1%	25 k €	-6.4%	26,7 k €
EBITDA	-3,3 k €	+38.1%	-5,3 k €	-244%	3,7 k €	+29.2%	2,9 k €	-24.9%	3,8 k €	-16.3%	4,5 k €	-53.1%	9,7 k €	+37.6%	7,1 k €	-11.2%	7,9 k €	-33.2%	11,9 k €	+325%	2,8 k €	-80.6%	14,4 k €	-26.3%	19,5 k €	+6.3%	18,4 k €	+227%	-14,5 k €	-8676%	-165 €	-101%	13 k €	-63.4%	35,5 k €	+138%	14,9 k €	-12.8%	17,1 k €
Operating result	-38,1 k €	+1.1%	-38,5 k €	-0.7%	-38,2 k €	-32.8%	-28,8 k €	+5.4%	-30,4 k €	+6.9%	-32,7 k €	-5.3%	-31 k €	+19.2%	-38,4 k €	+2.0%	-39,2 k €	+15.6%	-46,4 k €	+16.4%	-55,5 k €	-26.3%	-43,9 k €	-10.8%	-39,7 k €	+8.8%	-43,5 k €	+47.5%	-82,8 k €	-20.2%	-68,9 k €	-23.4%	-55,8 k €	-53.9%	-36,3 k €	+36.3%	-57 k €	-2.0%	-55,8 k €
Net result	-23,7 k €	+10.9%	-26,6 k €	+30.4%	-38,2 k €	-32.7%	-28,8 k €	+7.0%	-31 k €	+6.0%	-33 k €	-5.1%	-31,4 k €	+14.0%	-36,5 k €	+3.0%	-37,6 k €	-173%	51,2 k €	+192%	-55,9 k €	-26.1%	-44,3 k €	-105%	916 k €	-15.3%	1,1 M €	+1403%	-83 k €	+31.3%	-120,8 k €	-91.7%	-63 k €	-2018%	3,3 k €	+106%	-51,3 k €	+8.9%	-56,3 k €
Balance sheet
Equity	2,5 M €	-0.9%	2,6 M €	-1.0%	2,6 M €	-1.5%	2,6 M €	-1.1%	2,6 M €	-1.2%	2,7 M €	-1.2%	2,7 M €	-1.1%	2,7 M €	-1.3%	2,8 M €	-1.3%	2,8 M €	+1.9%	2,8 M €	-2.0%	2,8 M €	-1.5%	2,9 M €	+47.0%	1,9 M €	+125%	867 k €	-8.7%	950 k €	-11.3%	1,1 M €	-5.6%	1,1 M €	+0.3%	1,1 M €	-4.3%	1,2 M €
Total assets	2,5 M €	-1.1%	2,6 M €	-0.9%	2,6 M €	-1.5%	2,6 M €	-1.2%	2,6 M €	-1.2%	2,7 M €	-1.3%	2,7 M €	-1.1%	2,7 M €	-1.3%	2,8 M €	-1.3%	2,8 M €	+1.8%	2,8 M €	-2.4%	2,8 M €	-2.7%	2,9 M €	+41.9%	2,1 M €	+33.3%	1,5 M €	-6.6%	1,6 M €	-6.4%	1,8 M €	-5.4%	1,9 M €	-1.4%	1,9 M €	-3.9%	2 M €
Cash	403,1 k €	-45.4%	738,8 k €	-42.6%	1,3 M €	+170%	476,9 k €	-3.4%	493,7 k €	+419%	95,1 k €	+5.5%	90,2 k €	+28.5%	70,2 k €	+62.9%	43,1 k €	-0.7%	43,4 k €	+945%	4,2 k €	+42.6%	2,9 k €	-61.5%	7,6 k €	-97.9%	352,5 k €	+1916477%	18,4 €	-99.5%	3,6 k €	+1.3%	3,6 k €	-82.6%	20,5 k €	+1770%	1,1 k €	-41.3%	1,9 k €
Debts	–		4,1 k €		–		600 €	-78.4%	2,8 k €	+8.7%	2,6 k €	-35.2%	3,9 k €	+161%	1,5 k €	+112%	713,1 €	+1271%	52 €	-87.3%	410,3 €	-96.6%	12,2 k €	-73.1%	45,4 k €	-55.7%	102,5 k €	-84.7%	671,5 k €	-3.6%	696,7 k €	+1.1%	688,8 k €	-5.1%	726,1 k €	-4.0%	756,6 k €	-3.3%	782,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Els Vetters

Director

Active

Steven Vetters

Director

Active

Valère Vetters

Managing director

Active

Ended mandates

Els Maria Vetters

Director · since 11 juin 2024

Ended

Hisfa Interantional

Director · since 08 juin 2009 · until 08 juin 2015 · 0426.512.958

Represented by Valère Vetters

Ended

HISFA INTERNATIONAL

Managing director · since 08 juin 2009 · until 08 juin 2015 · 0426.512.958

Represented by Valere Vetters

Ended

Valère Vetters

Director · since 08 juin 2009 · until 08 juin 2015

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	31/07/2025	18/06/2024	11/07/2023	02/08/2022	06/07/2021
General meeting	29/06/2026	30/06/2025	10/06/2024	12/06/2023	30/06/2022	14/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/06/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	10/06/2024	18/06/2024	Dutch	PDF
Micro model	31/12/2022	12/06/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	02/08/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	06/07/2021	Dutch	PDF
Micro model	31/12/2019	08/06/2020	06/07/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	19/06/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	09/07/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	07/05/2015	09/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 3 active · 11 ended

Active mandates

Els Vetters

Director

Active

Steven Vetters

Director

Active

Valère Vetters

Managing director

Active

Ended mandates

Els Maria Vetters

Director · since 11 juin 2024

Ended

Hisfa Interantional

Director · since 08 juin 2009 · until 08 juin 2015 · 0426.512.958

Represented by Valère Vetters

Ended

HISFA INTERNATIONAL

Managing director · since 08 juin 2009 · until 08 juin 2015 · 0426.512.958

Represented by Valere Vetters

Ended

Valère Vetters

Director · since 08 juin 2009 · until 08 juin 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/01/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2008
ONTSLAGEN - BENOEMINGEN
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 2025-23,7 k €↑
2024
Annual accounts 2024-26,6 k €↑
2023
Annual accounts 2023-38,2 k €↓
2022
Annual accounts 2022-28,8 k €↑
2021
Annual accounts 2021-31 k €↑
2020
Annual accounts 2020-33 k €↓
2019
Annual accounts 2019-31,4 k €↑
2018
Annual accounts 2018-36,5 k €↑
2017
Annual accounts 2017-37,6 k €↓
2016
Annual accounts 201651,2 k €↑
2015
Annual accounts 2015-55,9 k €↓
2014
Annual accounts 2014-44,3 k €↓
2013
Annual accounts 2013916 k €↓
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011-83 k €↑
2010
Annual accounts 2010-120,8 k €↓
2009
Annual accounts 2009-63 k €↓
2008
Annual accounts 20083,3 k €↑
2007
Annual accounts 2007-51,3 k €↑
2006
Annual accounts 2006-56,3 k €
17/07/1991
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

E.S.C.

Overview

What does E.S.C. do?

Trend over 20 financial years

Indicative valuation

Board of directors

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