ESTACO
ActiveSummary
The computed 12-month bankruptcy probability of ESTACO is 2.2% (moderate). The annual accounts of ESTACO for fiscal year 2024 show a net loss of 51% of total assets and of 94% of the equity at the start of that year. The 2024 annual accounts show equity of €40k and a net result of €-631k. Equity remains stable across the filed fiscal years (±2.3% per year). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-40
Solvency28▼-33
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k 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 tight (current ratio 1.15 against 1.73 in 2023; short-term debt: 86.3% of total assets), and 96.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
3.2%
Return on assets
-50.7%
Age of the figures
21 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
31 d late
2021
13 d late
2020
70 d late
2019
112 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Equity
€40k▼ 94.0%
2023 · €671k
Total assets
€1.25M▼ 33.7%
2023 · €1.88M
Net result
€-631k
2023 · €22k
Working capital
€161k▼ 79.7%
2023 · €792k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-13k▼ 29.3%€-7k▲ 41.4%€-3k▲ 61.4%€-1k▲ 49.3%€-2k▼ 46.0%
Net result€14k▼ 58.3%€10k▼ 30.7%€19k▲ 91.2%€22k▲ 18.5%€-631k
Equity€620k▲ 2.3%€630k▲ 1.6%€649k▲ 3.0%€671k▲ 3.4%€40k▼ 94.0%
Total assets€1.75M▲ 4.4%€1.80M▲ 3.1%€1.82M▲ 1.1%€1.88M▲ 3.3%€1.25M▼ 33.7%
Debt€1.13M▲ 5.6%€1.17M▲ 4.0%€1.17M=€1.21M▲ 3.2%€1.20M▼ 0.3%
Working capital€667k▲ 4.8%€685k▲ 2.7%€738k▲ 7.7%€792k▲ 7.2%€161k▼ 79.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €1k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.25M
Fixed assets
€10k =
Current assets
€1.24M ▼ 33.9%
Equity and liabilities €1.25M
Equity
€40k ▼ 94.0%
Debt
€1.20M ▼ 0.3%
Debt's share of the balance-sheet total rises from 64.3% to 96.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.15▼
2023 · 1.73
Debt to equity
29.92▲
2023 · 1.80
ROA
-50.7%▼
2023 · 1.2%
Debt ≤ 1 year
€1.08M▼
2023 · €1.08M
Income taxes
€7k
A ratio outside any meaningful range has been withheld (balance sheet total €1.25M, equity €40k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | - | - | - | - | - |
| Other operating charges640/8 | - | €2k | €868 | €400 | €665 | ▲ 66.1% |
| Gross operating margin9900 | €9k | €-6k | €-2k | €-1k | €-1k | ▼ 38.4% |
| Operating profit (loss)9901 | €-13k | €-7k | €-3k | €-1k | €-2k | ▼ 46.0% |
| Financial income75/76B | - | €55k | €58k | €59k | €56k | ▼ 5.9% |
| Recurring financial income75 | €54k | €55k | €58k | €59k | €38k | ▼ 35.1% |
| Non-recurring financial income76B | - | - | - | - | €17k | - |
| Financial charges65/66B | - | €34k | €37k | €36k | €677k | ▲ 1,803% |
| Recurring financial charges65 | €34k | €34k | €37k | €36k | €677k | ▲ 1,803% |
| Non-recurring financial charges66B | - | €494 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €8k | €14k | €19k | €22k | €-623k | ▼ 2,916% |
| Income taxes67/77 | €-6k | €4k | €286 | - | €7k | - |
| Profit (loss) for the period9904 | €14k | €10k | €19k | €22k | €-631k | ▼ 2,949% |
| Profit (loss) for the period to be appropriated9905 | €14k | €10k | €19k | €22k | €-631k | ▼ 2,949% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.75M | €1.80M | €1.82M | €1.88M | €1.25M | ▼ 33.7% |
| Fixed assets21/28 | €10k | €10k | €10k | €10k | €10k | = |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €10k | = |
| Current assets29/58 | €1.74M | €1.79M | €1.81M | €1.87M | €1.24M | ▼ 33.9% |
| Amounts receivable within one year40/41 | €1.68M | €1.73M | €1.75M | €1.81M | €1.20M | ▼ 33.9% |
| Trade receivables40 | - | €62k | €62k | €62k | €62k | = |
| Other amounts receivable41 | - | €1.67M | €1.69M | €1.75M | €1.13M | ▼ 35.1% |
| Cash at bank and in hand54/58 | €109 | €28 | €28 | €28 | - | - |
| Deferred charges and accrued income490/1 | - | €56k | €58k | €60k | €40k | ▼ 34.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.75M | €1.80M | €1.82M | €1.88M | €1.25M | ▼ 33.7% |
| Equity10/15 | €620k | €630k | €649k | €671k | €40k | ▼ 94.0% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | - | €65k | €65k | €65k | €65k | = |
| Issued capital100 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €353k | €353k | €353k | €353k | €353k | = |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €347k | €347k | €347k | €347k | = |
| Profit (loss) carried forward14 | €202k | €212k | €231k | €253k | €-378k | ▼ 250% |
| Amounts payable17/49 | €1.13M | €1.17M | €1.17M | €1.21M | €1.20M | ▼ 0.3% |
| Amounts payable within one year42/48 | €1.07M | €1.11M | €1.07M | €1.08M | €1.08M | ▼ 0.3% |
| Trade debts44 | €58k | €57k | €57k | €56k | €55k | ▼ 0.7% |
| Suppliers440/4 | - | €57k | €57k | €56k | €55k | ▼ 0.7% |
| Taxes, remuneration and social security45 | - | €7k | €5k | €2k | €6k | ▲ 267% |
| Taxes450/3 | - | €7k | €5k | €2k | €6k | ▲ 267% |
| Other amounts payable47/48 | - | €1.04M | €1.01M | €1.02M | €1.01M | ▼ 0.7% |
| Accrued charges and deferred income492/3 | - | €64k | €99k | €130k | €130k | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €10k | €19k | €22k | €-631k | ▼ 2,949% |
| + Depreciation and write-downs630 | €5k | - | - | - | - | - |
| Operating cash flow (approximation) | €19k | €10k | €19k | €22k | €-631k | ▼ 2,949% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-81 | €0 | €0 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-631k
Net result drops to €-631k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 13 days late
2021
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 70 days late
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 112 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 152 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 188 days late
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 101 days late
2016
11-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Ukkel · 1 establishment unit since 2012
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
Estaco
since 20122.211.223.282
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded16-05-2012
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.