Estearn Inc.
ActiveEstearn Inc. has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 6717 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
short-term debt: 0.4% and cash: 3.2% of total assets, and 0.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
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
99.6%
Return on assets
-12.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-4k
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
121 d late
2022
46 d late
2021
411 d late
2020
26 d late
2019
95 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€35k▼ 11.1%
2023 · €40k
2018: €42k
2019: €42k
2020: €42k
2021: €47k
2022: €54k
2023: €40k
2018 → 2024
Total assets
€36k▼ 10.7%
2023 · €40k
2018: €67k
2019: €73k
2020: €90k
2021: €78k
2022: €69k
2023: €40k
2018 → 2024
Net result
€-4k▲ 68.1%
2023 · €-14k
2018: €15k
2019: €19k
2020: €22k
2021: €5k
2022: €7k
2023: €-14k
2018 → 2024
Working capital
€35k▼ 34.1%
2022 · €54k
2018: €42k
2019: €42k
2020: €42k
2021: €47k
2022: €54k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€42k-€47k▲ 10.7%€54k▲ 14.7%€40k▼ 25.8%€35k▼ 11.1%
Operating result€31k-€13k▼ 58.3%€10k▼ 25.1%€-14k€-6k▲ 55.5%
Net result€22k-€5k▼ 79.8%€7k▲ 52.1%€-14k€-4k▲ 68.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €14k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€110=
Current assets
€35k▼ 10.8%
Equity and liabilities €36k
Equity
€35k
Debt
€150
Debt finances 0.4% of the balance-sheet total.
Key figures and ratios
Solvency
99.6%▼
2023 · 100.0%
Debt / equity
0.00
ROE
-12.5%▲
2023 · -34.8%
ROA
-12.4%▲
2023 · -34.8%
Debt
€150
Debt ≤ 1 year
€150
Income taxes
€100▼
2023 · €1k
A ratio outside any meaningful range has been withheld (balance sheet total €36k, equity €35k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€40k€36k▼
Fixed assets21/28€110€110=
Financial fixed assets28€110€110=
Current assets29/58€40k€35k▼
Amounts receivable within one year40/41€39k€34k▼
Other amounts receivable41€39k€34k▼
Cash at bank and in hand54/58€863€1k▲
Equity and liabilities
Total equity and liabilities10/49€40k€36k▼
Equity10/15€40k€35k▼
Contributions10/11€19k€19k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14€-14k€-18k▼
Amounts payable17/49-€150
Amounts payable within one year42/48-€150
Trade debts44-€150
Suppliers440/4-€150
Income statement
Code20232024
Other operating charges640/8€6k€1k▼
Non-recurring operating charges66A€484-
Gross operating margin9900€-8k€-5k▲
Operating profit (loss)9901€-14k€-6k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€354€65▼
Recurring financial charges65€354€65▼
Profit (loss) for the period before taxes9903€-13k€-4k▲
Income taxes67/77€1k€100▼
Profit (loss) for the period9904€-14k€-4k▲
Profit (loss) for the period to be appropriated9905€-14k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-18k▼
Profit (loss) brought forward from the previous period14P-€-14k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
31-12
Financial
Weakest financial yearnet €-14k ▼301%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 411 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲16.5%
Operating result €31k, net result €22k, both a record.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortemark · 1 establishment unit since 1984
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.
Roeselarestraat 108610 KortemarkGround area
1,979 m²
Building footprint
347 m²
Volume, LiDAR
1,394 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Estearn Inc
since 19842.025.081.371
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027A0693/00E000 | Flanders | 1,483 m² | 1 · 236 m² | 7.7 m · 1 fl. |
| 32027A0695/00L000 | Flanders | 495 m² | 1 · 111 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,698 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-06-1984
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
43221Plumbing work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 39 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.