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Complete company report
Generated 28-06-2026
Active BE 0778.328.592Private limited company

ES Vastgoed

Toekomststraat 12 ·3960 Bree, Belgium· 4 yrs active
Sector: Real estate activities (68110)
Conclusion Checked

The computed 12-month bankruptcy probability of ES Vastgoed is 0.7% (low). The 2025 annual accounts show equity of €122k and a net result of €37k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 62 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €122k
Net result €37k
Better than sector 51%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health51Profitability100Solvency8Growth78Stability94
66 / 100

Strong profile, led by profitability.

Health 51
Profitability 100
Solvency 8
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021 — past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
51 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 13-04-2026 with the NBB · fiscal year 2025 · verkort
€0€20k€40k€60kOperating result 2022: €28k€28kNet result 2022: €16k€16kOperating result 2023: €69k€69kNet result 2023: €46k€46kOperating result 2024: €27k€27kNet result 2024: €15k€15kOperating result 2025: €56k€56kNet result 2025: €37k€37k2022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
growing Equity: growth of ~39.8%/year over 4 fiscal years — indicative, assuming unchanged policy.
€0€50k€100k€150k€200k€250k2026: €152k (€142k – €162k)2027: €183k (€173k – €193k)2028: €214k (€203k – €225k)2022: €26k2023: €71k2024: €86k2025: €122k2022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 68 — Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 12.2% 12.0%
better than 51% of 62 sector peers
Net result €37k €556
better than 75% of 62 sector peers
Equity €122k €89k
better than 60% of 62 sector peers
Gross operating margin €77k €51k
better than 60% of 62 sector peers
Total assets €1.01M €1.10M
better than 47% of 62 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€75k
+76.1% 22–25
Net profit
€37k
+151.6% 22–25
Cash flow
€55k
+86.1% 22–25
Total assets
€1.01M
-1.0% 22–25
Equity
€122k
+42.9% 22–25
Working capital
€-72k
+84.7% 22–25
Employees (FTE)
0
— 22–25
Income taxes
€12k
+151.6% 22–25
Debt
€885k
-5.0% 22–25
Debt ≤ 1y
€112k
-77.8% 22–25
Debt > 1y
€770k
+81.3% 22–25
Current ratio
0.36
+471.8% 22–25
Quick ratio
0.36
+471.8% 22–25
Solvency
12.2%
+44.3% 22–25
Debt / equity
7.23
-33.5% 22–25
ROE
30.0%
+76.1% 22–25
ROA
3.6%
+154.1% 22–25
Interest coverage
9.98
+88.4% 22–25
Figures by fiscal year
Fiscal year2025
Revenue—
EBITDA€75k
Net profit€37k
Cash flow€55k
Staff costs—
Income taxes€12k
Dividends—
Total assets€1.01M
Equity€122k
Debt€885k
of which ≤ 1y€112k
of which > 1y€770k
Working capital€-72k
Employees (FTE)0.0
Ratios (computed)
2025
Current ratio0.36
Quick ratio0.36
Working capital ratio-7.1%
Solvency12.2%
Debt / equity7.23
Long-term debt ratio6.29
Interest coverage9.98
Gross margin—
Net margin—
ROA3.6%
ROE30.0%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet — Assets
TOTAL ASSETS 20/58€1.01M
Fixed assets 21/28€968k
Tangible fixed assets 22/27€968k
Current assets 29/58€40k
Amounts receivable within one year 40/41€4k
Cash & bank 54/58€36k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.01M
Equity 10/15€122k
Contributions / capital 10/11€10k
Reserves 13€112k
Amounts payable 17/49€885k
Amounts payable after one year 17€770k
Amounts payable within one year 42/48€112k
Trade debts payable within one year 44€52
Income statement
Gross operating margin 9900€77k
Operating result 9901€56k
Financial charges 65€8k
Result before taxes 9903€49k
Income taxes 67/77€12k
Net result for the period 9904€37k
Result to be appropriated 9905€37k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • ORKARILegal entity
    Director· perm. rep.: Raymond Cretskens
    State Gazette act 26068244 (28-05-2026)
    Current
    30-04-2026 → present
Former directors (1)
  • Eloy Schildermans
    Director
    State Gazette act 26068244 (28-05-2026)
    Former
    — → 30-04-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Real estate activities(68110)
Legal form Private limited company(610)
Incorporation07-12-2021
StatusActive
Postal code3960
Connections & network 15 connected companies
Group structure
ORKARI
Parent · 15 subsidiaries · 2 locations
Control→
Network connections
Alcrets
Shared corporate director
→
BUVENS
Shared corporate director
→
CAPA Holding
Shared corporate director
→
CRELEM BAKERIES
Shared corporate director
→
Crescemen
Shared corporate director
→
ES CONSULTANCY
Shared corporate director
→
Josamoor
Shared corporate director
→
Natu Fine Foods
Shared corporate director
→
Ommerstein Wijnen
Shared corporate director
→
PAAS FOOD INDUSTRIES
Shared corporate director
→
PLUDIS
Shared corporate director
→
UNIC TRUDA MARKT
Shared corporate director
→
UNIC VOS
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
ES Vastgoed
Toekomststraat 12, 3960 BreeHoldings
since 20212.325.245.891
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72402A0705/00R004 Flanders 1.2 ha 1 · 5,167 m² —
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
28-05-2026
State Gazette act Director changes
28-05-2026
State Gazette act Director changes
v3.2
13-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
15-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
18-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
30-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2021
09-12-2021
State Gazette act Incorporation
oprichting
Belgisch Staatsblad — acts 3 acts
All acts · 3 updated 1 month ago
2026
28-05-2026 6 directors appointed, 1 resigning Director changes
  • Orkari BV — Bestuurder
  • Nicole Segers — Dagelijks bestuur
  • Gilles Leyssen — Dagelijks bestuur
  • Louise Jodts — Dagelijks bestuur
  • Karolien De Vleeschauwer — Dagelijks bestuur
  • Monard Law BV — Dagelijks bestuur
  • Eloy Schildermans — Bestuurder
Technical details 
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      "effective_date": "2026-04-30",
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      "decharge_status": "granted",
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      "decharge_status": null,
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2026-05-28",
    "filing_date": "2026-05-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2026-04-30",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0778.328.592",
    "name_full": "ES VASTGOED",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Karolien De Vleeschauwer",
    "org_rep_person_name": null,
    "person_role_at_subject": "Lasthebber"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
28-05-2026 1 director appointed, 1 resigning Director changes
  • Raymond Cretskens — Bestuurder
  • Eloy Schildermans — Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Eloy Schildermans",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2026-04-30",
      "evidence_quote": "De aandeelhouders nemen kennis van en aanvaarden eenparig het ontslag van de heer Eloy Schildermans als bestuurder van de Vennootschap met ingang vanaf 30 april 2026 zonder opzegtermijn of opzegvergoeding. De aandeelhouders verlenen voormelde bestuurder tussentijdse kwijting en verbinden zich ertoe ",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Raymond Cretskens",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "0463950505",
        "name": "Orkari BV",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2026-04-30",
      "evidence_quote": "De aandeelhouders beslissen unaniem te benoemen tot bestuurder van de Vennootschap voor onbepaalde duur, met ingang vanaf heden, 30 april 2026: Orkari BV, met zetel te Kempenstraat 11, 3650 Dilsen-Stokkem en met ondernemingsnummer 0463.950.505 (RPR Antwerpen, afdeling Tongeren-Borgloon), vast verteg"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0778.328.592",
    "name_full": "ES VASTGOED",
    "legal_form": "BV"
  }
}
2021
09-12-2021 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "3960 Bree, Toekomststraat 12",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1994-09-08",
        "name": "SCHILDERMANS Eloy",
        "niss": null,
        "address": "3670 Oudsbergen, Hoogstraat 62 bus 0003"
      },
      "share_class": "Aandelen",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 10000,
      "holder_person_name": "SCHILDERMANS Eloy",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 10000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 10000,
  "subject_company": {
    "kbo": "0778.328.592",
    "name_full": "ES Vastgoed",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2021-12-06",
  "post_incorporation_mandates": []
}
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Company registry (CBE) Crossroads Bank
Activities
Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110
Primary activity highlighted.
Names & trade names
Legal nameNL ES Vastgoed
Registered office
Toekomststraat 12
3960 Bree, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
BREESE IMMO MAATSCHAPPIJ BE 0443.668.397 · Bree
HELLINGS TRADING COMPANY BE 0438.879.369 · Bree
I.H.V. BE 0436.409.829 · Bree
PERSPEKTIEF BE 0433.512.497 · Bree
AIMPLUS BE 0425.976.884 · Hasselt
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative