ESTAN
ActiveThe annual accounts of ESTAN for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-15k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 30% of 31662 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-51
Solvency54▼-22
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 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 1.39 against 1.99 in 2024; short-term debt: 70.8% and cash: 70.7% of total assets), and 70.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
29.2%
Return on assets
-40.5%
Age of the figures
9 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 · 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
51 d early
2023
57 d early
2022
14 d late
2021
18 d late
2020
17 d late
2019
47 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 58.1%
2024 · €26k
2018: €24k
2019: €32k
2020: €44k
2021: €39k
2022: €32k
2023: €23k
2024: €26k
2018 → 2025
Total assets
€38k▼ 26.8%
2024 · €52k
2018: €49k
2019: €44k
2020: €59k
2021: €48k
2022: €44k
2023: €43k
2024: €52k
2018 → 2025
Net result
€-15k
2024 · €3k
2018: €8k
2019: €9k
2020: €13k
2021: €-5k
2022: €-7k
2023: €-9k
2024: €3k
2018 → 2025
Working capital
€10k▼ 58.5%
2024 · €25k
2018: €23k
2019: €32k
2020: €44k
2021: €39k
2022: €32k
2023: €23k
2024: €25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€32k▼ 17.7%€23k▼ 27.7%€26k▲ 12.9%€11k▼ 58.1%
Operating result€-4k-€-6k▼ 59.9%€-8k▼ 27.3%€5k€-15k
Net result€-5k-€-7k▼ 52.5%€-9k▼ 28.8%€3k€-15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€625▼ 49.3%
Current assets
€37k▼ 26.2%
Equity and liabilities €38k
Equity
€11k▼ 58.1%
Debt
€27k▲ 5.9%
The debt ratio rises from 49.0% to 70.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2024 · €5k
Cash flow
€-15k▼
2024 · €4k
Solvency
29.2%▼
2024 · 51.0%
Current ratio
1.39▼
2024 · 1.99
Quick ratio
1.39▼
2024 · 1.99
Debt / equity
2.42▲
2024 · 0.96
ROE
-138.6%▼
2024 · 11.4%
ROA
-40.5%▼
2024 · 5.8%
Interest coverage
-30.64▼
2024 · 3.05
Debt
€27k▲
2024 · €25k
Debt ≤ 1 year
€27k▲
2024 · €25k
Income taxes
€0▼
2024 · €359
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€52k€38k▼
Fixed assets21/28€1k€625▼
Tangible fixed assets22/27€1k€625▼
Plant, machinery and equipment23€1k€625▼
Current assets29/58€51k€37k▼
Amounts receivable within one year40/41€2k€713▼
Other amounts receivable41€2k€713▼
Current investments50/53€5k€10k▲
Cash at bank and in hand54/58€43k€27k▼
Equity and liabilities
Total equity and liabilities10/49€52k€38k▼
Equity10/15€26k€11k▼
Contributions10/11€6k€6k=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-17k€-33k▼
Amounts payable17/49€25k€27k▲
Amounts payable within one year42/48€25k€27k▲
Financial debts43€2k€222▼
Credit institutions430/8€2k€0▼
Other loans439-€222
Trade debts44€872€485▼
Suppliers440/4€872€485▼
Taxes, remuneration and social security45€550€0▼
Taxes450/3€550€0▼
Other amounts payable47/48€22k€26k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€588€606▲
Other operating charges640/8€387€400▲
Gross operating margin9900€6k€-14k▼
Operating profit (loss)9901€5k€-15k▼
Financial income75/76B€320€313▼
Recurring financial income75€320€313▼
Financial charges65/66B€2k€476▼
Recurring financial charges65€2k€476▼
Profit (loss) for the period before taxes9903€3k€-15k▼
Income taxes67/77€359€0▼
Profit (loss) for the period9904€3k€-15k▼
Profit (loss) for the period to be appropriated9905€3k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-33k▼
Profit (loss) brought forward from the previous period14P€-20k€-17k▲
The notes to these accounts (8 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 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-15k ▼609%
Net result drops to €-15k, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Highest result since 2018net €13k ▲43.4%
Operating result €21k, net result €13k, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Asse · 1 establishment unit since 2014
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.
Dorp 511730 AsseGround area
1,655 m²
Building footprint
369 m²
Volume, LiDAR
1,819 m³
Parcel 23053A0686/00M000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESTAN
since 20142.230.109.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053A0686/00M000 | Flanders | 1,655 m² | 1 · 369 m² | 8.1 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
JLD ORTOLAN
BE 0731.569.446
Watermaal-Bosvoorde · Eq €11k
SJP
BE 0739.919.265
Jalhay · Eq €11k
ALFIN VESTORS
BE 0772.847.696
Elsene · Eq €11k
SOUL BY LDM
BE 0897.149.535
Zedelgem · Eq €11k
InnovEnergie
BE 0568.982.303
Sint-Jans-Molenbeek · Eq €11k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 24,102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2012
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
32123Manufacture of jewellery
47594Retail trade
47690Retail sale of other cultural and recreation goods
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.