E-S-TEL

Active

Private limited companyfounded 20224 yrs activeAllée des Plantains(Cha) 4, 5650 Walcourt, BelgiumKBO/BCE: BE 0782.356.666

The annual accounts of E-S-TEL for fiscal year 2025 show a net loss of 108% of the equity at the start of that year. The 2025 annual accounts show equity of €3.04M and a net result of €-833k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 16974 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency88▲+31

Growth52=

Track record94

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €170k at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 18.1 against 1.3 in 2024; short-term debt: 3.3% and cash: 48.9% of total assets), and 36.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

63.1%

Return on assets

-17.3%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

8 d early

2024

15 d early

2023

28 d early

2022

20 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€3.04M▲ 295%

2024 · €769k

2022: €137 2023: €-35k 2024: €769k

2022 → 2025

Total assets

€4.82M▲ 99.4%

2024 · €2.42M

2022: €27k 2023: €982k 2024: €2.42M

2022 → 2025

Net result

€-833k▼ 110%

2024 · €-396k

2022: €-10k 2023: €-35k 2024: €-396k

2022 → 2025

Working capital

€2.73M▲ 2,427%

2024 · €108k

2022: €10k 2023: €858k 2024: €108k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€137-€-35k€769k€3.04M▲ 295%

Operating result€-10k-€-26k▼ 165%€-391k▼ 1,399%€-770k▼ 96.8%

Net result€-10k-€-35k▼ 254%€-396k▼ 1,034%€-833k▼ 110%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €770k in 2025 against €391k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.82M

40.0%

60.0%

Fixed assets €1.93M▼ 0.8%

Current assets €2.89M▲ 510%

Equity and liabilities €4.82M

63.1%

36.9%

Equity €3.04M▲ 295%

Debt €1.78M▲ 7.8%

The debt ratio falls from 68.2% to 36.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-423k▼

2024 · €-277k

Cash flow

€-486k▼

2024 · €-282k

Solvency

63.1%▲

2024 · 31.8%

Current ratio

18.10▲

2024 · 1.30

Quick ratio

17.23▲

2024 · 1.08

Debt / equity

0.58▼

2024 · 2.14

ROE

-27.4%▲

2024 · -51.5%

ROA

-17.3%▼

2024 · -16.4%

Interest coverage

-5.33▲

2024 · -13.01

Debt

€1.78M▲

2024 · €1.65M

Debt ≤ 1 year

€160k▼

2024 · €366k

Debt > 1 year

€1.62M▲

2024 · €1.28M

Staff costs

€246k▲

2024 · €23k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.42M€4.82M▲

Fixed assets21/28€1.94M€1.93M▼

Intangible fixed assets21€875k€919k▲

Tangible fixed assets22/27€1.07M€1.00M▼

Plant, machinery and equipment23€686k€695k▲

Furniture and vehicles24€13k€8k▼

Other tangible fixed assets26€317k€297k▼

Assets under construction and advance payments27€50k€0▼

Financial fixed assets28€1k€8k▲

Current assets29/58€474k€2.89M▲

Stocks and contracts in progress3€77k€140k▲

Stocks30/36€77k€140k▲

Amounts receivable within one year40/41€296k€374k▲

Trade receivables40€259k€115k▼

Other amounts receivable41€37k€260k▲

Cash at bank and in hand54/58€97k€2.35M▲

Deferred charges and accrued income490/1€3k€20k▲

Equity and liabilities

Total equity and liabilities10/49€2.42M€4.82M▲

Equity10/15€769k€3.04M▲

Contributions10/11€1.21M€4.32M▲

Profit (loss) carried forward14€-441k€-1.27M▼

Amounts payable17/49€1.65M€1.78M▲

Amounts payable after more than one year17€1.28M€1.62M▲

Financial debts170/4€501k€441k▼

Other amounts payable178/9€775k€1.18M▲

Amounts payable within one year42/48€366k€160k▼

Current portion of amounts payable after more than one year42€18k€91k▲

Trade debts44€344k€44k▼

Suppliers440/4€344k€44k▼

Taxes, remuneration and social security45€8€22k▲

Taxes450/3€8€3k▲

Remuneration and social security454/9-€19k

Other amounts payable47/48€4k€3k▼

Accrued charges and deferred income492/3€5k€306▼

Income statement Code20242025

Remuneration, social security and pensions62€23k€246k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€347k▲

Other operating charges640/8€524€977▲

Gross operating margin9900€-254k€-176k▲

Operating profit (loss)9901€-391k€-770k▼

Financial income75/76B€16k€16k▼

Recurring financial income75€16k€16k▼

Financial charges65/66B€21k€79k▲

Recurring financial charges65€21k€79k▲

Profit (loss) for the period before taxes9903€-396k€-833k▼

Profit (loss) for the period9904€-396k€-833k▼

Profit (loss) for the period to be appropriated9905€-396k€-833k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-441k€-1.27M▼

Profit (loss) brought forward from the previous period14P€-45k€-441k▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 5Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-833k

Net result drops to €-833k, the lowest in the series.

31-12

Financial Liquidity times 14current ratio 18.10

Current ratio from 1.30 to 18.10; short-term debt falls from €366k to €160k.

31-12

Financial Equity above €2MEq €3.04M ▲295%

Equity rises from €769k to €3.04M.

16-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €500kEq €769k

Equity rises from €-35k to €769k.

03-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity times 7current ratio 41.76

Current ratio from 5.64 to 41.76.

11-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

09-12-2024 BOLLE Philippe: Resigned as Director

16-08-2023 BOLLE Quentin: Resigned as Director

Location & real-estate footprint

Registered office, Walcourt · 1 establishment unit since 2022

establishment approximate The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Allée des Plantains(Cha) 45650 Walcourt

Ground area

2,549 m²

Building footprint

443 m²