Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
The accounts state no turnover.
Of this, €339,314 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 38.6% higher than in 2024.
Nine of the last ten came late. The 2019 accounts came latest: 76 days after the end of the period.
Less equity than 85% of companies in accommodation. Sector median €207,775 · 893 companies.
In July 2024, 519 companies had the same profile as ESTACA has now. Each dot stands for 2 companies, two years later.
Another 1.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 519 companies, not a prediction for ESTACA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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6 signals are hidden.
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| Company | ||||
|---|---|---|---|---|
| ESTACA Aalter | €529,644 | €58,109 | -17.9% | - |
| EMMANUEL PARTNERS Sint-Gillis (bij-Brussel) | €588,569 | €69,875 | 32.1% | - |
| NIEUWHOF Gistel | €423,070 | €76,860 | 99.0% | - |
| THIRASOA Ostend | €615,556 | €60,236 | 36.1% | - |
| Multi-Stone Beerse | €837,177 | €78,077 | 45.9% | - |
| HET ZWANEPAND Antwerp | €692,049 | €33,810 | -32.5% | - |
| KEMA INVEST Beauraing | €514,987 | €107,323 | 88.0% | - |
These companies have the same main activity as ESTACA: other holiday and short-stay accommodation (NACE 55209). They are comparable in size and age: total assets between €423,000 and €837,000, founded between 1983 and 2001.
ESTACA files the abbreviated format. That format states no turnover. The gross margin rose from €7,111 in 2006 to €58,109 in 2025.
holds all the shares.
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Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €100,000 and €310,000.
Higher than 15% of 893 companies in 2025.
Higher than 23% of 874 companies in 2025.
Higher than 57% of 885 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
529,644 | 389,946 | 256,751 | 119,651 | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 924,977 | 664,711 | 644,427 | 645,168 | 642,671 | 642,178 | 645,718 | 653,972 | |
21/28 |
454,871 | 335,235 | 201,464 | 113,003 | 151,513 | 240,400 | 197,901 | 354,249 | 380,220 | 386,654 | 411,539 | 436,610 | 462,882 | 489,153 | 515,424 | 541,696 | 561,967 | 587,038 | 612,110 | 637,181 | |
22/27 |
454,871 | 335,235 | 201,464 | 113,003 | 151,513 | 240,214 | 197,715 | 354,063 | 380,034 | 386,468 | 411,539 | 436,610 | 462,882 | 489,153 | 515,424 | 541,696 | 561,967 | 587,038 | 612,110 | 637,181 | |
22 |
439,564 | 317,245 | 177,819 | 96,334 | 131,063 | 238,334 | 194,895 | 350,303 | 380,034 | 386,468 | 411,539 | 436,610 | 461,682 | 486,753 | 511,824 | 536,896 | 561,967 | 587,038 | 612,110 | 637,181 | |
23 |
12,337 | 17,991 | 23,644 | 16,669 | 20,449 | 1,880 | 2,820 | 3,760 | - | - | - | - | 1,200 | 2,400 | 3,600 | 4,800 | - | - | - | - | |
24 |
2,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | 186 | 186 | 186 | 186 | 186 | - | - | - | - | - | - | - | - | - | - | |
29/58 |
74,773 | 54,710 | 55,287 | 6,649 | 1.1m | 1.1m | 1.1m | 902,231 | 873,287 | 831,288 | 788,078 | 728,875 | 462,095 | 175,559 | 129,003 | 103,472 | 80,704 | 55,140 | 33,608 | 16,791 | |
3 |
59,821 | 6,321 | 3,321 | - | - | 3,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
9,821 | 6,321 | 3,321 | - | - | 3,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
37 |
50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
14,401 | 46,391 | 51,671 | 5,505 | 1.1m | 955,470 | 945,127 | 898,423 | 867,333 | 828,654 | 767,819 | 725,224 | 457,704 | 172,935 | 126,100 | 101,169 | 77,318 | 54,459 | 33,080 | 14,263 | |
40 |
13,018 | 45,000 | 45,357 | 5,082 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,263 | |
41 |
1,383 | 1,391 | 6,314 | 423 | 1.1m | 955,470 | 945,127 | 898,423 | 867,333 | 828,654 | 767,819 | 725,224 | 457,704 | 172,935 | 126,100 | 101,169 | 77,318 | 54,459 | 33,080 | - | |
54/58 |
551 | 1,004 | 295 | 1,144 | 1,859 | 89,222 | 202,509 | 1,711 | 3,157 | 729 | 141 | 1,454 | 1,892 | 302 | 924 | 1,386 | 3,386 | 681 | 528 | 2,528 | |
490/1 |
0 | 995 | - | - | 2,444 | 2,312 | 2,235 | 2,096 | 2,797 | 1,905 | 20,118 | 2,197 | 2,498 | 2,322 | 1,978 | 917 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
529,644 | 389,946 | 256,751 | 119,651 | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 924,977 | 664,711 | 644,427 | 645,168 | 642,671 | 642,178 | 645,718 | 653,972 | |
10/15 |
-94,742 | -105,187 | -97,228 | -53,141 | 1.2m | 1.0m | 1.1m | 902,493 | 899,161 | 904,064 | 905,962 | 852,702 | 634,102 | 390,306 | 399,717 | 415,553 | 444,789 | 467,912 | 495,629 | 526,492 | |
10/11 |
811,606 | 811,606 | 811,606 | 811,606 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | |
10 |
811,606 | 811,606 | 811,606 | 811,606 | 805,406 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
811,606 | 811,606 | 811,606 | 811,606 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | 805,406 | |
13 |
11,868 | 11,868 | 11,868 | 11,868 | 218,490 | 224,080 | 226,657 | 11,868 | 7,383 | 7,383 | 7,383 | 4,720 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | |
130/1 |
11,868 | 11,868 | 11,868 | 11,868 | 11,868 | 11,868 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
11,868 | 11,868 | 11,868 | 11,868 | 11,868 | 11,868 | 11,868 | 11,868 | 7,383 | 7,383 | 7,383 | 4,720 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | |
132 |
- | - | - | - | 206,622 | 212,212 | 214,789 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-918,216 | -928,661 | -920,702 | -876,615 | 127,828 | -12,518 | 41,454 | 85,219 | 86,372 | 91,275 | 93,174 | 42,576 | -173,783 | -417,579 | -408,168 | -392,332 | -363,096 | -339,973 | -312,256 | -281,393 | |
16 |
- | - | - | - | 86,017 | 88,896 | 90,222 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | 86,017 | 88,896 | 90,222 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
624,386 | 495,133 | 353,979 | 172,793 | 9,402 | 184,540 | 184,032 | 353,987 | 354,347 | 313,878 | 293,654 | 312,783 | 290,875 | 274,405 | 244,709 | 229,615 | 197,882 | 174,266 | 150,089 | 127,481 | |
17 |
285,072 | 236,974 | 135,049 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
285,072 | 236,974 | 135,049 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
339,314 | 258,159 | 218,929 | 172,793 | 9,402 | 184,540 | 184,032 | 353,987 | 354,347 | 313,878 | 292,803 | 311,932 | 290,760 | 274,405 | 244,709 | 229,615 | 197,882 | 174,266 | 150,089 | 127,481 | |
42 |
13,691 | 7,766 | 336 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7 | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7 | - | - | - | - | - | - | |
44 |
15,541 | 5,063 | 6,085 | 14,372 | 1,870 | 624 | 423 | 484 | 843 | 4,872 | 1,829 | 2,058 | 1,537 | 7,023 | - | 82 | 799 | 1,644 | 2,438 | 999 | |
440/4 |
15,541 | 5,063 | 6,085 | 14,372 | 1,870 | 624 | 423 | 484 | 843 | 4,872 | 1,829 | 2,058 | 1,537 | 7,023 | - | 82 | 799 | 1,644 | 2,438 | 999 | |
45 |
5,994 | 220 | 84,409 | 84,615 | 7,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
5,994 | 220 | 84,409 | 84,615 | 7,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
304,090 | 245,110 | 128,100 | 73,806 | 420 | 183,916 | 183,609 | 353,503 | 353,503 | 309,005 | 290,974 | 309,874 | 289,223 | 267,375 | 244,709 | 229,533 | 197,083 | 172,622 | 147,651 | 126,482 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 851 | 851 | 115 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
58,109 | 10,495 | 2,428 | -14,214 | 186,654 | -16,891 | 326,805 | 39,345 | 30,053 | 27,941 | 83,434 | 243,490 | 266,206 | 16,218 | 10,220 | 5,108 | 621 | -1,006 | -4,925 | 7,111 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 306 | |
630 |
15,829 | 20,344 | 39,961 | 38,952 | 42,022 | 36,183 | 30,671 | 30,671 | 29,731 | 25,071 | 25,071 | 26,271 | 26,271 | 26,271 | 26,271 | 26,271 | 25,071 | 25,071 | 25,071 | 25,071 | |
640/8 |
4,517 | 4,734 | 5,074 | 2,872 | 5,507 | 4,608 | 4,569 | 5,009 | 4,984 | 4,510 | 4,895 | 4,871 | 4,839 | 4,864 | 3,663 | 11,241 | 1,055 | 3,285 | 1,444 | 3,719 | |
66A |
- | - | - | - | - | - | 30,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
37,763 | -14,583 | -42,607 | -56,038 | 139,124 | -57,682 | 261,316 | 3,665 | -4,661 | -1,640 | 53,467 | 212,347 | 235,096 | -14,917 | -19,715 | -32,404 | -25,505 | -29,362 | -31,440 | -21,985 | |
75/76B |
0 | 11 | - | - | - | - | - | - | 0 | - | - | 9,277 | 9,106 | 6,008 | 4,394 | 3,530 | 2,731 | 2,029 | 846 | - | |
75 |
0 | 11 | - | - | - | - | - | - | 0 | - | - | 9,277 | 9,106 | 6,008 | 4,394 | 3,530 | 2,731 | 2,029 | 846 | - | |
65/66B |
27,318 | 7,535 | 1,480 | 1,508 | 135 | 194 | 68 | 333 | 242 | 258 | 207 | 3,024 | 406 | 501 | 516 | 362 | 350 | 384 | 269 | 541 | |
65 |
27,318 | 7,535 | 1,480 | 1,508 | 135 | 194 | 68 | 333 | 242 | 258 | 207 | 3,024 | 406 | 501 | 516 | 362 | 350 | 384 | 269 | 541 | |
9903 |
10,445 | -22,108 | -44,087 | -57,546 | 138,990 | -57,876 | 261,247 | 3,332 | -4,903 | -1,899 | 53,261 | 218,600 | 243,795 | -9,411 | -15,836 | -29,235 | -23,123 | -27,717 | -30,863 | -22,527 | |
780 |
- | - | 0 | 86,017 | 2,878 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
0 | -14,148 | 0 | 77,076 | 7,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
10,445 | -7,960 | -44,087 | -48,605 | 134,755 | -56,549 | 171,025 | 3,332 | -4,903 | -1,899 | 53,261 | 218,600 | 243,795 | -9,411 | -15,836 | -29,235 | -23,123 | -27,717 | -30,863 | -22,527 | |
789 |
- | - | 0 | 206,622 | 5,590 | 2,577 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 214,789 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
10,445 | -7,960 | -44,087 | 158,017 | 140,346 | -53,972 | -43,764 | 3,332 | -4,903 | -1,899 | 53,261 | 218,600 | 243,795 | -9,411 | -15,836 | -29,235 | -23,123 | -27,717 | -30,863 | -22,527 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-918,216 | -928,661 | -920,702 | -876,615 | 127,828 | -12,518 | 41,454 | 89,704 | 86,372 | 91,275 | 95,837 | 44,817 | -173,783 | -417,579 | -408,168 | -392,332 | -363,096 | -339,973 | -312,256 | -281,393 | |
14P |
-928,661 | -920,702 | -876,615 | -1.0m | -12,518 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 4,485 | - | - | 2,663 | 2,241 | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 4,485 | - | - | 2,663 | 2,241 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-08-2026.
2025 annual accounts filed 14 days after the deadline. Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00398202.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-08-2026 | 2026-00398202 | |
| 31-12-2024 | micro format | 17-09-2025 | 2025-00493285 | |
| 31-12-2023 | micro format | 08-08-2024 | 2024-00337340 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00476792 | |
| 31-12-2021 | micro format | 22-09-2022 | 2022-20433217 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38000351 | |
| 31-12-2019 | micro format | 15-10-2020 | 2020-61400225 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52000535 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-48200336 | |
| 31-12-2016 | micro format | 01-09-2017 | 2017-55000023 | |
| 31-12-2015 | abbreviated format | 21-10-2016 | 2016-65900247 | |
| 31-12-2014 | abbreviated format | 04-04-2016 | 2016-08800525 | |
| 31-12-2013 | abbreviated format | 31-07-2014 | 2014-37500512 | |
| 31-12-2012 | abbreviated format | 31-07-2013 | 2013-36900382 | |
| 31-12-2011 | abbreviated format | 21-06-2012 | 2012-18900573 | |
| 31-12-2010 | abbreviated format | 22-07-2011 | 2011-31100177 | |
| 31-12-2009 | abbreviated format | 12-07-2010 | 2010-28700090 | |
| 31-12-2008 | abbreviated format | 27-07-2009 | 2009-46600162 | |
| 31-12-2007 | abbreviated format | 19-06-2008 | 2008-27300100 | |
| 31-12-2006 | abbreviated format | 18-07-2007 | 2007-41300216 | |
| 31-12-2005 | abbreviated format | 17-05-2006 | 2006-15004662 | |
| 31-12-2004 | abbreviated format | 27-07-2005 | 2005-57401394 | |
| 31-12-2003 | abbreviated format | 12-07-2004 | 2004-44103145 | |
| 31-12-2002 | abbreviated format | 16-10-2003 | 2003-74801121 | |
| 31-12-2001 | abbreviated format | 16-10-2003 | 2003-74801110 | |
| 31-12-2000 | abbreviated format | 02-08-2001 | 2001-46600084 | |
| 31-12-1999 | abbreviated format | 14-09-2000 | 2000-56300078 | |
| 31-12-1998 | abbreviated format | 07-07-1999 | 1999-30200073 | |
| 31-12-1997 | abbreviated format | 27-07-1998 | 1998-35505373 | |
| 31-12-1996 | abbreviated format | 05-09-1997 | 1997-41902237 | |
| 31-12-1995 | abbreviated format | 18-07-1996 | 1996-33903634 | |
| 31-12-1994 | abbreviated format | 03-08-1995 | 1995-43904598 | |
| 31-12-1993 | abbreviated format | 27-06-1994 | 1994-19903980 | |
| 31-12-1992 | abbreviated format | 19-10-1993 | 1993-40404328 | |
| 31-12-1991 | abbreviated format | 07-07-1992 | 1992-21604690 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 53,592 | 5,761 | -2,645 | -17,086 | 181,147 | -21,499 | 291,986 | 34,336 | 25,070 | 23,431 | 78,538 | 238,619 | 261,367 | 11,354 | 6,557 | -6,133 | -434 | -4,291 | -6,369 | 3,086 | ||
| 26,274 | 12,384 | -4,125 | -9,653 | 176,778 | -20,366 | 201,696 | 34,003 | 24,827 | 23,173 | 78,332 | 244,872 | 270,067 | 16,860 | 10,436 | -2,964 | 1,948 | -2,645 | -5,792 | 2,545 | ||
| 135,465 | 154,115 | 128,423 | 442 | 23,661 | 78,682 | -125,677 | 4,700 | 23,297 | 186 | 0 | 0 | 0 | 0 | 0 | 6,000 | 0 | 0 | 0 | - | ||
| -453 | 709 | -849 | -715 | -87,363 | -113,287 | 200,798 | -1,446 | 2,428 | 588 | -1,313 | -438 | 1,590 | -622 | -462 | -2,000 | 2,705 | 154 | -2,000 | - | ||
| -264,541 | -203,449 | -163,643 | -166,144 | 1.1m | 865,464 | 965,839 | 548,244 | 518,941 | 517,410 | 495,275 | 416,943 | 171,335 | -98,847 | -115,707 | -126,142 | -117,178 | -119,126 | -116,481 | -110,689 | ||
| -17.9% | -27.0% | -37.9% | -44.4% | 92.3% | 78.8% | 79.7% | 71.8% | 71.7% | 74.2% | 75.5% | 73.2% | 68.6% | 58.7% | 62.0% | 64.4% | 69.2% | 72.9% | 76.8% | 80.5% | ||
| 0.22 | 0.21 | 0.25 | 0.04 | - | 5.69 | 6.25 | 2.55 | 2.46 | 2.65 | 2.69 | 2.34 | 1.59 | 0.64 | 0.53 | 0.45 | 0.41 | 0.32 | 0.22 | 0.13 | ||
| 0.04 | 0.19 | 0.24 | 0.04 | - | 5.67 | 6.25 | 2.55 | 2.46 | 2.65 | 2.69 | 2.34 | 1.59 | 0.64 | 0.53 | 0.45 | 0.41 | 0.32 | 0.22 | 0.13 | ||
| - | - | - | - | 0.01 | 0.18 | 0.17 | 0.39 | 0.39 | 0.35 | 0.32 | 0.37 | 0.46 | 0.70 | 0.61 | 0.55 | 0.44 | 0.37 | 0.30 | 0.24 | ||
| - | - | - | - | 11.7% | -5.6% | 15.9% | 0.4% | -0.5% | -0.2% | 5.9% | 25.6% | 38.4% | -2.4% | -4.0% | -7.0% | -5.2% | -5.9% | -6.2% | -4.3% | ||
| 2.0% | -2.0% | -17.2% | -40.6% | 10.8% | -4.4% | 12.7% | 0.3% | -0.4% | -0.2% | 4.4% | 18.8% | 26.4% | -1.4% | -2.5% | -4.5% | -3.6% | -4.3% | -4.8% | -3.4% | ||
| 1.96 | 0.76 | -1.79 | -11.33 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €135,465 | €154,115 | €128,423 | - | €23,661 |
| Financial fixed assets | €0 | - | - | - | - |
| €15,829 | €20,344 | €39,961 | €38,952 | €42,022 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €37,763, after a loss of €14,583 in 2024. It is the highest result since 2021.
Equity is negative. Debt (€624,386) exceeds the balance-sheet total (€529,644).
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Source: lists of holdings in the owners' accounts
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Source: list of holdings in the 2025 accounts of . Every holding stands with its own latest accounts.
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| Groep Hemi
registered office since 09-09-2009 · founded in 2009 · negative equity (2025) |
total assets €296,655 (2025) 0818.390.285 |
| Bikefitting Campe
registered office since 02-10-2020 |
founded in 2020 0755.618.914 |
See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.
This company merged into ESTACA on 13-10-2022.
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The network starts from the directors of ESTACA. Every other company they run is a node.
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Deadline for the 2026 accounts: 31-07-2027
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 13 September 1990, ESTACA was incorporated.1 HARAS DES BRUYERES was merged into the company in 2022.2 Total assets went from €119,651 in 2022 to €529,644 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Drongengoedweg 7 registered office 9910 Aalter | 23-11-1990 | 2.050.593.361 |
| 03-07-2023 | Refused | Nieuwbouw of aanleggen submitted 19-01-2023 · project 2022174412 | Aalter |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44067C0822/00B000 | 8,840 m² | 1 · 268 m² | 7.3 m · 1 |
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