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ESP-Projects

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Financial year 2025 · closed on 31/12/2025

Net result

3,1 k €

-92.2% YoY

Gross margin

1,1 M €

-9.2% YoY

Equity

240,9 k €

-52.1% YoY

Workforce

14,8 ETP

-6.9% YoY

What does ESP-Projects do?

ESP-Projects is a Private limited company incorporated in 2007. Its registered office is in Middelkerke. It employs on average 14,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.076.930

Incorporation

17/09/2007

Legal form

Private limited company

Registered office

Nieuwpoortlaan 75
8434 Middelkerke · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

14,8 ETP

Joint committees (4)

124
12400
20000
218

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008
Income statement
Gross margin	1,1 M €	-9.2%	1,2 M €	+6.7%	1,1 M €	-10.0%	1,2 M €	+29.2%	962,2 k €	+7.2%	897,7 k €	-30.6%	1,3 M €	+67.7%	771,8 k €	+4.6%	738,2 k €	+55.7%	474,1 k €	+21.3%	390,7 k €	+43.3%	272,6 k €	-31.5%	398,3 k €	+40.3%	283,8 k €	-40.4%	476,4 k €	+146%	194 k €
EBITDA	50,3 k €	-48.1%	97 k €	-11.9%	110,2 k €	-47.3%	209 k €	+98.2%	105,4 k €	+11.7%	94,4 k €	-28.3%	131,5 k €	+1.6%	129,4 k €	-1.9%	131,9 k €	+41.0%	93,6 k €	-37.2%	148,9 k €	+427%	28,3 k €	-82.4%	160,9 k €	+94.2%	82,9 k €	-75.4%	336,9 k €	+179%	120,9 k €
Operating result	31,8 k €	-60.8%	81,2 k €	-8.7%	89 k €	-52.1%	185,7 k €	+141%	77,1 k €	+119%	35,2 k €	+92.4%	18,3 k €	-46.1%	34 k €	+8.6%	31,3 k €	+17.1%	26,7 k €	+8.7%	24,6 k €	+679%	3,2 k €	-97.4%	119,4 k €	+205%	39,1 k €	-87.4%	309,3 k €	+209%	99,9 k €
Net result	3,1 k €	-92.2%	40,4 k €	-27.1%	55,4 k €	-54.1%	120,6 k €	+162%	46,1 k €	+204%	15,2 k €	+680%	1,9 k €	-88.9%	17,5 k €	-9.3%	19,3 k €	+0.2%	19,3 k €	-10.6%	21,6 k €	+510%	3,5 k €	-95.7%	82,2 k €	+152%	32,6 k €	-84.3%	207,7 k €	+140%	86,5 k €
Balance sheet
Equity	240,9 k €	-52.1%	502,7 k €	+8.7%	462,4 k €	+13.6%	407 k €	+42.1%	286,3 k €	-41.8%	491,9 k €	+3.2%	476,7 k €	+0.4%	474,7 k €	+3.8%	457,2 k €	+4.4%	437,8 k €	+4.6%	418,6 k €	+5.4%	397 k €	+0.9%	393,5 k €	+25.0%	314,8 k €	+9.2%	288,2 k €	+233%	86,5 k €
Total assets	1,2 M €	-11.7%	1,4 M €	+0.7%	1,4 M €	-4.5%	1,4 M €	+32.9%	1,1 M €	-29.2%	1,5 M €	-8.5%	1,7 M €	-33.6%	2,5 M €	+52.2%	1,6 M €	+75.3%	935,1 k €	-1.7%	951 k €	+65.8%	573,5 k €	-22.1%	736 k €	-42.2%	1,3 M €	+81.0%	703,5 k €	-20.7%	886,8 k €
Cash	137,7 k €	+22.0%	112,8 k €	-49.1%	221,7 k €	-28.6%	310,7 k €	+109%	148,4 k €	-61.7%	387,2 k €	+39.5%	277,5 k €	+22.4%	226,8 k €	-2.2%	231,8 k €	+186%	81 k €	-53.3%	173,4 k €	+14.3%	151,7 k €	-18.2%	185,6 k €	+4.8%	177 k €	+38.8%	127,5 k €	+258%	35,6 k €
Debts	970,5 k €	+11.8%	868,3 k €	-3.4%	898,7 k €	-11.7%	1 M €	+29.7%	784,3 k €	-23.0%	1 M €	-13.2%	1,2 M €	-41.8%	2 M €	+102%	998,8 k €	+218%	313,6 k €	-24.1%	413 k €	+1001%	37,5 k €	-70.2%	125,8 k €	-84.6%	819,5 k €	+112%	386,2 k €	-51.1%	789 k €
Other
Workforce	14,8 ETP	-6.9%	15,9 ETP	+4.6%	15,2 ETP	-9.5%	16,8 ETP	+11.3%	15,1 ETP	-8.5%	16,5 ETP	+5.8%	15,6 ETP	-11.4%	17,6 ETP	+43.1%	12,3 ETP	+80.9%	6,8 ETP	+106%	3,3 ETP	-13.2%	3,8 ETP	-9.5%	4,2 ETP	0.0%	4,2 ETP	+110%	2,0 ETP	+100%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

PMA Tech

Director · since 22 décembre 2022 · 0795.306.958

Represented by Pieter Markey

Active

Ended mandates

PMA Tech

Director · since 22 décembre 2022 · 0795.306.958

Represented by Pieter MARKEY

Ended

PMA Tech

Director · since 22 décembre 2022 · 0795.306.958

Represented by Pieter MARKEY

Ended

Pieter Markey

Director · since 05 février 2019

Ended

PIETER MARKEY

Manager · since 05 février 2019

Ended

At this address

Other companies at this address

Company	CBE no.
ESP-BAKBOORD● Active	0716.646.787
ESP GROUP● Active	1003.051.264
ESP-STUURBOORD● Active	0716.646.688
GROEP T● Active	0437.419.520

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	01/01/2025	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	14/07/2026	30/07/2025	06/09/2024	29/06/2023	17/05/2022	02/07/2021
General meeting	21/05/2026	30/06/2025	31/07/2024	02/06/2023	29/04/2022	04/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/05/2026	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	06/09/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	29/04/2022	17/05/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	01/09/2020	Dutch	PDF
Abridged model	31/12/2018	30/08/2019	07/10/2019	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	16/03/2017	Dutch	PDF
Abridged model	30/06/2015	01/10/2015	29/10/2015	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	09/12/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	08/08/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	30/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 18 ended

Active mandates

PMA Tech

Director · since 22 décembre 2022 · 0795.306.958

Represented by Pieter Markey

Active

Ended mandates

PMA Tech

Director · since 22 décembre 2022 · 0795.306.958

Represented by Pieter MARKEY

Ended

PMA Tech

Director · since 22 décembre 2022 · 0795.306.958

Represented by Pieter MARKEY

Ended

Pieter Markey

Director · since 05 février 2019

Ended

PIETER MARKEY

Manager · since 05 février 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/06/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/06/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other27/06/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates21/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other17/10/2013
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates29/04/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other07/01/2013
BENAMING
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 20253,1 k €↓
2024
Annual accounts 202440,4 k €↓
2023
Annual accounts 202355,4 k €↓
2022
Annual accounts 2022120,6 k €↑
2021
Annual accounts 202146,1 k €↑
2019
Annual accounts 201915,2 k €↑
2018
Annual accounts 20181,9 k €↓
2017
Annual accounts 201717,5 k €↓
2016
Annual accounts 201619,3 k €↑
2015
Annual accounts 201519,3 k €↓
2014
Annual accounts 201421,6 k €↑
2012
Annual accounts 20123,5 k €↓
2011
Annual accounts 201182,2 k €↑
2010
Annual accounts 201032,6 k €↓
2009
Annual accounts 2009207,7 k €↑
2008
Annual accounts 200886,5 k €
17/09/2007
IncorporationPrivate 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

ESP-Projects

Overview

What does ESP-Projects do?

Trend over 16 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