ESTABLIS GROUP
ActiveESTABLIS GROUP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.19M and a net result of €392k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 93% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-13
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 6.89 against 6.11 in 2024), and 8.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 2025Solvency, return and age of the figures
Solvency
91.4%
Return on assets
11.2%
Age of the figures
8 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
13 d early
2023
23 d early
2022
53 d early
2021
39 d early
2020
31 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.19M▲ 14.0%
2024 · €2.80M
2018: €2.77M
2019: €2.94M
2020: €3.23M
2021: €3.42M
2022: €3.37M
2023: €3.41M
2024: €2.80M
2018 → 2025
Total assets
€3.49M▲ 13.1%
2024 · €3.09M
2018: €2.95M
2019: €3.09M
2020: €3.50M
2021: €3.68M
2022: €3.68M
2023: €3.74M
2024: €3.09M
2018 → 2025
Net result
€392k▼ 5.1%
2024 · €414k
2018: €1.02M
2019: €167k
2020: €296k
2021: €186k
2022: €59k
2023: €155k
2024: €414k
2018 → 2025
Working capital
€1.72M▲ 33.0%
2024 · €1.30M
2018: €760k
2019: €683k
2020: €1.22M
2021: €1.36M
2022: €1.49M
2023: €1.40M
2024: €1.30M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.42M-€3.37M▼ 1.5%€3.41M▲ 1.4%€2.80M▼ 17.9%€3.19M▲ 14.0%
Operating result€215k-€8k▼ 96.1%€143k▲ 1,617%€43k▼ 69.9%€-14k
Net result€186k-€59k▼ 68.1%€155k▲ 162%€414k▲ 167%€392k▼ 5.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €43k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.49M
Fixed assets
€1.48M▼ 4.0%
Current assets
€2.02M▲ 30.1%
Equity and liabilities €3.49M
Equity
€3.19M▲ 14.0%
Debt
€301k▲ 4.7%
The debt ratio falls from 9.3% to 8.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€43k▼
2024 · €96k
Cash flow
€449k▼
2024 · €466k
Solvency
91.4%▲
2024 · 90.7%
Current ratio
6.89▲
2024 · 6.11
Quick ratio
6.89▲
2024 · 6.11
Debt / equity
0.09▼
2024 · 0.10
ROE
12.3%▼
2024 · 14.8%
ROA
11.2%▼
2024 · 13.4%
Interest coverage
9.39▼
2024 · 16.42
Debt
€301k▲
2024 · €288k
Debt ≤ 1 year
€293k▲
2024 · €254k
Debt > 1 year
€8k▼
2024 · €34k
Income taxes
€40k▼
2024 · €53k
Staff costs
€309k▼
2024 · €316k
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€3.09M€3.49M▲
Fixed assets21/28€1.54M€1.48M▼
Intangible fixed assets21€76k€71k▼
Tangible fixed assets22/27€113k€88k▼
Plant, machinery and equipment23€70k€60k▼
Furniture and vehicles24€32k€20k▼
Other tangible fixed assets26€11k€8k▼
Financial fixed assets28€1.35M€1.32M▼
Current assets29/58€1.55M€2.02M▲
Amounts receivable after more than one year29€111k€219k▲
Other amounts receivable291€111k€219k▲
Amounts receivable within one year40/41€138k€161k▲
Trade receivables40€138k€137k▼
Other amounts receivable41-€24k
Current investments50/53€504k€845k▲
Cash at bank and in hand54/58€788k€701k▼
Deferred charges and accrued income490/1€9k€91k▲
Equity and liabilities
Total equity and liabilities10/49€3.09M€3.49M▲
Equity10/15€2.80M€3.19M▲
Contributions10/11€495k€495k=
Reserves13€2.31M€2.70M▲
Distributable reserves133€2.31M€2.70M▲
Profit (loss) carried forward14€904€906▲
Amounts payable17/49€288k€301k▲
Amounts payable after more than one year17€34k€8k▼
Financial debts170/4€34k€8k▼
Amounts payable within one year42/48€254k€293k▲
Current portion of amounts payable after more than one year42€28k€26k▼
Trade debts44€149k€116k▼
Suppliers440/4€149k€116k▼
Taxes, remuneration and social security45€75k€90k▲
Taxes450/3€44k€53k▲
Remuneration and social security454/9€31k€37k▲
Other amounts payable47/48€3k€62k▲
Accrued charges and deferred income492/3€0€15▲
Income statement
Code20242025
Remuneration, social security and pensions62€316k€309k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€57k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€413k€356k▼
Operating profit (loss)9901€43k€-14k▼
Financial income75/76B€429k€461k▲
Recurring financial income75€14k€358k▲
Non-recurring financial income76B€415k€103k▼
Financial charges65/66B€6k€15k▲
Recurring financial charges65€6k€5k▼
Non-recurring financial charges66B-€10k
Profit (loss) for the period before taxes9903€466k€432k▼
Income taxes67/77€53k€40k▼
Profit (loss) for the period9904€414k€392k▼
Profit (loss) for the period to be appropriated9905€414k€392k▼
Appropriation of the result
Profit (loss) to be appropriated9906€414k€393k▼
Profit (loss) brought forward from the previous period14P€898€904▲
Transfer from equity791/2€1.02M€0▼
Transfer to equity691/2€414k€392k▼
To other reserves6921€414k€392k▼
Profit to be distributed694/7€1.02M€0▼
Return on contributions (dividend)694€1.02M€0▼
Social balance
Average headcount (FTE)90873.53.5=
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €59k ▼68.1%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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 2003
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.
Beversesteenweg 6128800 RoeselareGround area
5,502 m²
Building footprint
394 m²
Volume, LiDAR
1,631 m³
Parcel 36505C0011/00W000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ESTABLIS GROUP
since 20032.134.345.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505C0011/00W000 | Flanders | 5,502 m² | 1 · 394 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,032 EUR awarded · 3,191 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,252 EUR | 1,252 EUR |
| 2024 | 1 | 187 EUR | 989 EUR |
| 2023 | 1 | 1,339 EUR | 696 EUR |
| 2022 | 1 | 254 EUR | 254 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,128 companies in sector 46190 we hold annual accounts for 2,554. 605 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2003
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.