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EST Refinery Products

Active
Private limited companyfounded 2009active for 17 yearsItegembaan 99, 2590 Berlaar, BelgiumKBO/BCE: BE 0819.824.204
Summary

The computed 12-month bankruptcy probability of EST Refinery Products is 3.5% (moderate). The 2024 annual accounts show equity of €459,952 and a net result of -€52,801. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 95% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 19-10-2009 Normal situation
Activity
Wholesale trade NACE 46120and 1 other
Establishment unit
2.182.669.155 2590 Berlaar, since 15-10-2009
Financial year end
31 December
Peppol
Reachable since 23-10-2025

Board and ownership

Board

Financial position

50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.5%
Annual accounts 2024
Gross margin
-€63,375
▲ 17.3%
Loss
€52,801
▼ 37.9%
Equity
€459,952
▼ 10.3%
Total assets
€473,448
▼ 9.3%
  • 2025 accounts not filed, 95 days past the deadline
Turnover not published (micro format)
Score breakdownraises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 16-08-2025)Loss of €52,801, the second in a row (financial year 2024)lowers riskFounded in 2009Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 48% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2023
Average
Solvency 100=
equity 97.1% of total assets
Liquidity 56-17
short-term debt 2.9% · cash 5.0%
Profitability 5+5
return on assets -11.2%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024lowest value 02-2025: 1.6%▲ +0.8 percentage points vs 01-2025 03-2025: 1.6%● unchanged vs 02-2025 04-2025: 1.7%▲ +0.1 percentage points vs 03-2025 05-2025: 1.6%▼ -0.1 percentage points vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025 08-2025: 1.8%▲ +0.2 percentage points vs 07-2025 09-2025: 1.5%▼ -0.3 percentage points vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.7%▲ +0.2 percentage points vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.3 percentage points vs 07-2026 09-2026: 2.2%▲ +0.2 percentage points vs 08-2026 10-2026: 3.5%▲ +1.3 percentage points vs 09-2026highest value 11-2026: 3.5%● unchanged vs 10-2026highest value
Credit of up to €22,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 34.93 (56.2 in 2023), above the usual 1.5. Short-term debt is 2.9% and cash 5% of total assets. 2.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 62% on liquidity, 14% on profitability and 26% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed on 16-08-2025)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €52,801, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€52,801
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 16 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-08-2025, 16 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
16 days late
2023
59 days late
2022
31 days late
2021
31 days late
2020
12 days late
2019
67 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 36 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 95% of companies in wholesale tradesector median €4,936 · 15,421 companies -€52,801 View
  • Caution: 2 loss-making years in a rowloss in financial year 2024 -€52,801 View

Recent changes

  1. · Gazette deed Resignation: STEENS Eric Roger Raymond (zaakvoerder thans bestuurder)Reappointment: STEENS Eric Roger Raymond (director)
  2. · Gazette deed Registered office moved from Hove to BerlaarNew seat: Itegembaan 99/1 te 2590 Berlaar · Previous seat: Koekoekslaan 8 te 2540 Hove
  3. · Gazette deed Incorporation
All 18 events

Comparable companies

These companies have the same main activity as EST Refinery Products: wholesale trade (NACE 46120). They are comparable in size and age: total assets between €181,000 and €1.2m, founded between 1996 and 2015.

CompanyTotal assetsGross margin
EST Refinery Products Berlaar€0.5m-€0.06m
SCIERIE DE LA LESSE Ukkel€0.6m-€0.004m
L.P. IMMO Comines-Warneton€0.4m-€0.02m
VOORBRAAK OPERATING Hoogstraten€0.2m-€0.003m
GEURTS ONDERNEMINGEN Antwerpen€0.6m-€0.02m
CREACHEM Elsene€1.2m-€0.1m
Della Sudda Schaarbeek€0.2m-€0.002m
Full comparison

Key facts about EST Refinery Products

What is the company number of EST Refinery Products?
The company number of EST Refinery Products is 0819.824.204. The VAT number is the same number with BE in front: BE 0819.824.204.
Where is EST Refinery Products based?
The registered office is at Itegembaan 99, 2590 Berlaar.Company details
What does EST Refinery Products do?
According to the KBO register, the main activity is wholesale trade (NACE 46120).
What is the legal form of EST Refinery Products?
The legal form of EST Refinery Products is Private limited company (BV).
When was EST Refinery Products founded?
EST Refinery Products was founded on 19-10-2009.
Is EST Refinery Products still active?
Yes, EST Refinery Products is an active enterprise in the KBO register.
What is the turnover of EST Refinery Products?
The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
Is EST Refinery Products profitable?
In financial year 2024, EST Refinery Products made a loss of €52,801.
Where can I find the annual accounts of EST Refinery Products?
EST Refinery Products filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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