ESTALEX
ActiveSummary
ESTALEX has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €361k and a net result of €164k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 73% of 2279 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 3.19 in 2023; short-term debt: 21.9% and cash: 19.8% of total assets), and 21.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.1%
Return on assets
35.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
2 d early
2022
1 d early
2021
32 d early
2019
37 d early
2018
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€361k▲ 35.1%
2023 · €268k
2018: €212k
2019: €133k▼ -37.4% vs 2018lowest value
2021: €201k
2022: €269k▲ +33.8% vs 2021
2023: €268k▼ -0.4% vs 2022
2024: €361k▲ +35.1% vs 2023highest value
2018 → 2024
Total assets
€463k▼ 12.9%
2023 · €531k
2018: €507k
2019: €412k▼ -18.8% vs 2018lowest value
2021: €437k
2022: €497k▲ +13.8% vs 2021
2023: €531k▲ +6.9% vs 2022highest value
2024: €463k▼ -12.9% vs 2023
2018 → 2024
Net result
€164k▼ 30.1%
2023 · €234k
2018: €62klowest value
2019: €109k▲ +76.2% vs 2018
2021: €76k
2022: €68k▼ -10.6% vs 2021
2023: €234k▲ +245% vs 2022highest value
2024: €164k▼ -30.1% vs 2023
2018 → 2024
Working capital
€84k▼ 49.8%
2023 · €167k
2018: €97k
2019: €29k▼ -70.4% vs 2018lowest value
2021: €91k
2022: €153k▲ +68.4% vs 2021
2023: €167k▲ +9.4% vs 2022highest value
2024: €84k▼ -49.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€133k-€201k▲ 51.0%€269k▲ 33.8%€268k▼ 0.4%€361k▲ 35.1%
2019: €133klowest value
2021: €201k
2022: €269k▲ +33.8% vs 2021
2023: €268k▼ -0.4% vs 2022
2024: €361k▲ +35.1% vs 2023highest value
Operating result€151k-€105k▼ 30.6%€92k▼ 12.4%€318k▲ 247%€220k▼ 31.0%
2019: €151k
2021: €105k
2022: €92k▼ -12.4% vs 2021lowest value
2023: €318k▲ +247% vs 2022highest value
2024: €220k▼ -31.0% vs 2023
Net result€109k-€76k▼ 30.2%€68k▼ 10.6%€234k▲ 245%€164k▼ 30.1%
2019: €109k
2021: €76k
2022: €68k▼ -10.6% vs 2021lowest value
2023: €234k▲ +245% vs 2022highest value
2024: €164k▼ -30.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €463k
Fixed assets
€278k ▼ 3.5%
Current assets
€185k ▼ 23.9%
Equity and liabilities €463k
Equity
€361k ▲ 35.1%
Debt
€102k ▼ 61.5%
Debt's share of the balance-sheet total falls from 49.7% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€247k▼
2023 · €346k
Cash flow
€191k▼
2023 · €262k
Current ratio
1.83▼
2023 · 3.19
Debt to equity
0.28▼
2023 · 0.99
ROE
45.3%▼
2023 · 87.6%
ROA
35.4%▼
2023 · 44.1%
Interest coverage
89.77▲
2023 · 83.30
Debt ≤ 1 year
€101k▲
2023 · €76k
Debt > 1 year
€0▼
2023 · €187k
Income taxes
€54k▼
2023 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€531k€463k▼
Fixed assets21/28€288k€278k▼
Tangible fixed assets22/27€288k€278k▼
Land and buildings22€261k€257k▼
Plant, machinery and equipment23€758€426▼
Furniture and vehicles24€21k€16k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€244k€185k▼
Amounts receivable within one year40/41€55k€90k▲
Trade receivables40€54k€57k▲
Other amounts receivable41€97€34k▲
Current investments50/53-€500
Cash at bank and in hand54/58€186k€92k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€531k€463k▼
Equity10/15€268k€361k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€247k€341k▲
Amounts payable17/49€264k€102k▼
Amounts payable after more than one year17€187k€0▼
Financial debts170/4€187k€0▼
Amounts payable within one year42/48€76k€101k▲
Current portion of amounts payable after more than one year42€8k€0▼
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Advances received on contracts in progress46€550€1k▲
Taxes, remuneration and social security45€54k€18k▼
Taxes450/3€54k€18k▼
Other amounts payable47/48€9k€74k▲
Accrued charges and deferred income492/3€1k€229▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€349k€250k▼
Operating profit (loss)9901€318k€220k▼
Financial income75/76B€64€784▲
Recurring financial income75€64€784▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€314k€218k▼
Income taxes67/77€80k€54k▼
Profit (loss) for the period9904€234k€164k▼
Profit (loss) for the period to be appropriated9905€234k€164k▼
Appropriation of the result
Profit (loss) to be appropriated9906€482k€411k▼
Profit (loss) brought forward from the previous period14P€248k€247k▼
Profit to be distributed694/7€235k€70k▼
Return on contributions (dividend)694€235k€70k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €21k | €23k | €28k | €27k | ▼ 1.6% |
| Other operating charges640/8 | - | €4k | €3k | €3k | €4k | ▲ 5.0% |
| Gross operating margin9900 | €174k | €129k | €119k | €349k | €250k | ▼ 28.3% |
| Operating profit (loss)9901 | €151k | €105k | €92k | €318k | €220k | ▼ 31.0% |
| Financial income75/76B | - | €0 | €32 | €64 | €784 | ▲ 1,130% |
| Recurring financial income75 | €58 | €0 | €32 | €64 | €784 | ▲ 1,130% |
| Financial charges65/66B | - | €4k | €4k | €4k | €3k | ▼ 33.8% |
| Recurring financial charges65 | €6k | €4k | €4k | €4k | €3k | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | €145k | €100k | €87k | €314k | €218k | ▼ 30.7% |
| Income taxes67/77 | €36k | €24k | €20k | €80k | €54k | ▼ 32.5% |
| Profit (loss) for the period9904 | €109k | €76k | €68k | €234k | €164k | ▼ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €109k | €76k | €68k | €234k | €164k | ▼ 30.1% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412k | €437k | €497k | €531k | €463k | ▼ 12.9% |
| Fixed assets21/28 | €343k | €314k | €311k | €288k | €278k | ▼ 3.5% |
| Tangible fixed assets22/27 | €343k | €314k | €311k | €288k | €278k | ▼ 3.5% |
| Land and buildings22 | - | €287k | €276k | €261k | €257k | ▼ 1.9% |
| Plant, machinery and equipment23 | - | €224 | €1k | €758 | €426 | ▼ 43.8% |
| Furniture and vehicles24 | - | €24k | €32k | €21k | €16k | ▼ 21.3% |
| Other tangible fixed assets26 | - | €3k | €3k | €5k | €4k | ▼ 12.3% |
| Current assets29/58 | €69k | €123k | €186k | €244k | €185k | ▼ 23.9% |
| Amounts receivable within one year40/41 | €41k | €27k | €45k | €55k | €90k | ▲ 65.9% |
| Trade receivables40 | - | €23k | €24k | €54k | €57k | ▲ 4.5% |
| Other amounts receivable41 | - | €4k | €21k | €97 | €34k | ▲ 34,656% |
| Current investments50/53 | - | - | - | - | €500 | - |
| Cash at bank and in hand54/58 | €25k | €93k | €138k | €186k | €92k | ▼ 50.8% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €3k | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412k | €437k | €497k | €531k | €463k | ▼ 12.9% |
| Equity10/15 | €133k | €201k | €269k | €268k | €361k | ▲ 35.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €112k | €180k | €248k | €247k | €341k | ▲ 38.0% |
| Amounts payable17/49 | €279k | €236k | €229k | €264k | €102k | ▼ 61.5% |
| Amounts payable after more than one year17 | €237k | €203k | €195k | €187k | €0 | ▼ 100% |
| Financial debts170/4 | - | €203k | €195k | €187k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €40k | €33k | €33k | €76k | €101k | ▲ 32.9% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €8k | €0 | ▼ 100% |
| Trade debts44 | €1k | €4k | €8k | €5k | €8k | ▲ 64.0% |
| Suppliers440/4 | - | €4k | €8k | €5k | €8k | ▲ 64.0% |
| Advances received on contracts in progress46 | - | €3k | €795 | €550 | €1k | ▲ 168% |
| Taxes, remuneration and social security45 | - | €15k | €12k | €54k | €18k | ▼ 67.4% |
| Taxes450/3 | - | €15k | €12k | €54k | €18k | ▼ 67.4% |
| Other amounts payable47/48 | - | €3k | €4k | €9k | €74k | ▲ 753% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €229 | ▼ 77.5% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109k | €76k | €68k | €234k | €164k | ▼ 30.1% |
| + Depreciation and write-downs630 | €19k | €21k | €23k | €28k | €27k | ▼ 1.6% |
| Operating cash flow (approximation) | €128k | €97k | €91k | €262k | €191k | ▼ 27.1% |
| Investment in fixed assets (approximation) | - | - | €-21k | €-4k | €-17k | ▼ 333% |
| Change in cash | - | - | €45k | €48k | €-95k | ▼ 296% |
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 · micro schema · 31 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €234k ▲245%
Operating result €318k, net result €234k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.79
Current ratio from 1.73 to 3.79; short-term debt falls from €40k to €33k.
31-12
Financial
Equity above €200kEq €201k ▲51%
3 profitable years in a row build equity to €201k.
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lubbeek · 1 establishment unit since 2014
Ground area
1,078 m²
Building footprint
146 m²
Volume, LiDAR
729 m³
Parcel 24063A0008/00G013, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
studio KOMPAS
since 20142.232.198.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0008/00G013 | Flanders | 1,078 m² | 1 · 146 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 417 EUR awarded · 268 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 20 EUR |
| 2024 | 1 | 417 EUR | 248 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,525. 1,064 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.