DR. EESTERMANS
ActiveSummary
DR. EESTERMANS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €107,378 and a net result of €81,361. Equity is shrinking by ~16.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency100▲+58
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.29 against 1.01 in 2025; short-term debt: 24.8% and cash: 41.8% of total assets), and 25% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
75%
Return on assets
56.8%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €107,378
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 19-09-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
42 d early
2025
31 d early
2024
35 d early
2023
32 d early
2022
33 d early
2021
8 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€107,378▲ 313%
2025 · €26,017
Total assets
€143,233▼ 5.0%
2025 · €150,703
Net result
€81,361▼ 9.8%
2025 · €90,239
Working capital
€81,123▲ 12,266%
2025 · €656
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€80,547▼ 20.4%€119,922▲ 48.9%€50,923▼ 57.5%€120,524▲ 137%€108,856▼ 9.7%
Net result€59,790▼ 24.3%€92,829▲ 55.3%€32,790▼ 64.7%€90,239▲ 175%€81,361▼ 9.8%
Equity€48,660▼ 0.4%€81,489▲ 67.5%€20,779▼ 74.5%€26,017▲ 25.2%€107,378▲ 313%
Total assets€92,836▼ 13.7%€111,192▲ 19.8%€131,580▲ 18.3%€150,703▲ 14.5%€143,233▼ 5.0%
Debt€44,176▼ 24.8%€29,703▼ 32.8%€110,801▲ 273%€124,686▲ 12.5%€35,855▼ 71.2%
Working capital€24,465▲ 76.1%€61,064▲ 150%€7,513▼ 87.7%€656▼ 91.3%€81,123▲ 12,266%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 10% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €143,233
Fixed assets
€26,614 ▼ 2.1%
Current assets
€116,619 ▼ 5.6%
Equity and liabilities €143,233
Equity
€107,378 ▲ 313%
Debt
€35,855 ▼ 71.2%
Debt's share of the balance-sheet total falls from 82.7% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118,202▼
2025 · €128,895
Cash flow
€90,707▼
2025 · €98,610
Current ratio
3.29▲
2025 · 1.01
Debt to equity
0.33▼
2025 · 4.79
ROE
75.8%▼
2025 · 346.8%
ROA
56.8%▼
2025 · 59.9%
Interest coverage
220.53▲
2025 · 210.96
Debt ≤ 1 year
€35,496▼
2025 · €122,857
Debt > 1 year
€359▼
2025 · €1,829
Income taxes
€29,946▼
2025 · €32,113
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,681 | €7,143 | €7,159 | €8,371 | €9,346 | ▲ 11.6% |
| Other operating charges640/8 | €633 | €846 | €563 | €3,113 | €3,538 | ▲ 13.7% |
| Gross operating margin9900 | €108,861 | €127,911 | €58,645 | €132,008 | €121,740 | ▼ 7.8% |
| Operating profit (loss)9901 | €80,547 | €119,922 | €50,923 | €120,524 | €108,856 | ▼ 9.7% |
| Financial income75/76B | €1,071 | €1,439 | €3,654 | €2,439 | €2,987 | ▲ 22.5% |
| Recurring financial income75 | €1,071 | €1,439 | €3,654 | €2,439 | €2,987 | ▲ 22.5% |
| Financial charges65/66B | €563 | €3,158 | €885 | €611 | €536 | ▼ 12.3% |
| Recurring financial charges65 | €563 | €3,158 | €885 | €611 | €536 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €81,055 | €118,203 | €53,692 | €122,352 | €111,307 | ▼ 9.0% |
| Income taxes67/77 | €21,265 | €25,374 | €20,902 | €32,113 | €29,946 | ▼ 6.7% |
| Profit (loss) for the period9904 | €59,790 | €92,829 | €32,790 | €90,239 | €81,361 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €59,790 | €92,829 | €32,790 | €90,239 | €81,361 | ▼ 9.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,836 | €111,192 | €131,580 | €150,703 | €143,233 | ▼ 5.0% |
| Fixed assets21/28 | €24,195 | €20,425 | €13,266 | €27,190 | €26,614 | ▼ 2.1% |
| Intangible fixed assets21 | €3,881 | €2,156 | €431 | - | - | - |
| Tangible fixed assets22/27 | €20,314 | €18,269 | €12,835 | €27,190 | €26,614 | ▼ 2.1% |
| Plant, machinery and equipment23 | €14,433 | €12,962 | €9,600 | €12,975 | €9,722 | ▼ 25.1% |
| Furniture and vehicles24 | €5,881 | €5,307 | €3,235 | €7,493 | €11,724 | ▲ 56.5% |
| Other tangible fixed assets26 | - | - | - | €6,722 | €5,168 | ▼ 23.1% |
| Current assets29/58 | €68,641 | €90,767 | €118,314 | €123,513 | €116,619 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €24,309 | €28,439 | €68,920 | €71,727 | €52,846 | ▼ 26.3% |
| Trade receivables40 | €1,500 | €6,528 | €2,548 | - | - | - |
| Other amounts receivable41 | €22,809 | €21,911 | €66,372 | €71,727 | €52,846 | ▼ 26.3% |
| Cash at bank and in hand54/58 | €39,832 | €59,709 | €48,142 | €50,500 | €59,844 | ▲ 18.5% |
| Deferred charges and accrued income490/1 | €4,500 | €2,619 | €1,252 | €1,286 | €3,929 | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,836 | €111,192 | €131,580 | €150,703 | €143,233 | ▼ 5.0% |
| Equity10/15 | €48,660 | €81,489 | €20,779 | €26,017 | €107,378 | ▲ 313% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,860 | €62,360 | €1,860 | €7,417 | €88,767 | ▲ 1,097% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €28,000 | €60,500 | - | €7,417 | €88,767 | ▲ 1,097% |
| Profit (loss) carried forward14 | €200 | €529 | €319 | - | €11 | - |
| Amounts payable17/49 | €44,176 | €29,703 | €110,801 | €124,686 | €35,855 | ▼ 71.2% |
| Amounts payable after more than one year17 | - | - | - | €1,829 | €359 | ▼ 80.4% |
| Financial debts170/4 | - | - | - | €1,829 | €359 | ▼ 80.4% |
| Amounts payable within one year42/48 | €44,176 | €29,703 | €110,801 | €122,857 | €35,496 | ▼ 71.1% |
| Current portion of amounts payable after more than one year42 | €13,574 | - | - | €1,470 | €1,470 | = |
| Financial debts43 | €21,000 | €25,000 | €15,000 | €25,000 | €25,000 | = |
| Credit institutions430/8 | €21,000 | €25,000 | €15,000 | €25,000 | €25,000 | = |
| Trade debts44 | €602 | €4,703 | €2,301 | €3,437 | €1,722 | ▼ 49.9% |
| Suppliers440/4 | €602 | €4,703 | €2,301 | €3,437 | €1,722 | ▼ 49.9% |
| Taxes, remuneration and social security45 | €9,000 | - | - | €7,950 | €5,350 | ▼ 32.7% |
| Taxes450/3 | €9,000 | - | - | €7,950 | €5,350 | ▼ 32.7% |
| Other amounts payable47/48 | - | - | €93,500 | €85,000 | €1,954 | ▼ 97.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,790 | €92,829 | €32,790 | €90,239 | €81,361 | ▼ 9.8% |
| + Depreciation and write-downs630 | €27,681 | €7,143 | €7,159 | €8,371 | €9,346 | ▲ 11.6% |
| Operating cash flow (approximation) | €87,471 | €99,972 | €39,949 | €98,610 | €90,707 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€3,373 | €0 | -€22,295 | -€8,770 | ▲ 60.7% |
| Change in cash | - | €19,877 | -€11,567 | €2,358 | €9,344 | ▲ 296% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
19-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 3.29
Current ratio from 1.01 to 3.29; short-term debt falls from €122,857 to €35,496.
31-03
Financial
Equity above €100,000Eq €107,378 ▲313%
8 profitable years in a row build equity to €107,378.
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €32,790 ▼64.7%
Net result drops to €32,790, the lowest in the series; recovery starts the following year.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €92,829 ▲55.3%
Net result €92,829, the highest in the series.
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €100,000Eq €149,921 ▲70%
2 profitable years in a row build equity to €149,921.
Show earlier events
2019
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2014
Ground area
508 m²
Building footprint
128 m²
Volume, LiDAR
663 m³
Parcel 36015A1062/00F004, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Dr. Eestermans
since 20142.236.872.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A1062/00F004 | Flanders | 508 m² | 1 · 128 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded21-11-2014
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505604184
Also
9925:BE0505604184
Registered
27-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.