ESTEDINE
Dissolution or liquidationFinancials · financial year 2025, abbreviated format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,182
2025 · €866,523
Working capital
€2.6m▼ 67.1%
2025 · €8.0m
Trend over the years
2022 to 2025, 5 financial years 2018 to 2025, 9 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.003m
2025
Net result-€0.004m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.8m
2025
Equity€2.6m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.6m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252025
Operating result-€0.006m--€0.02m▼ 276%-€0.02m▼ 11.6%-€0.04m▼ 88.6%-€0.03m▲ 25.5%-€0.01m▲ 60.3%-€0.02m▼ 24.4%-€0.02m▼ 20.3%-€0.003m-
Net result€0.3m-€0.6m▲ 124%€0.09m▼ 85.2%€0.2m▲ 78.5%€2.4m▲ 1,350%€0.3m▼ 86.5%€0.1m▼ 55.4%€0.9m▲ 499%-€0.004m-
Equity€5.5m-€6.2m▲ 11.3%€6.1m▼ 0.5%€6.3m▲ 2.7%€6.7m▲ 6.3%€7.0m▲ 4.8%€7.2m▲ 2.1%€8.0m▲ 12.1%€2.6m-
Total assets€8.4m-€8.7m▲ 3.5%€8.8m▲ 1.1%€8.6m▼ 2.2%€9.0m▲ 4.5%€7.4m▼ 17.7%€7.3m▼ 1.0%€8.2m▲ 11.8%€2.8m-
Debt€2.9m-€2.5m▼ 11.6%€2.7m▲ 4.8%€2.3m▼ 13.4%€2.3m▼ 0.4%€0.4m▼ 83.8%€0.2m▼ 58.5%€0.1m▼ 2.9%€0.2m-
Working capital€3.4m-€6.1m▲ 76.5%€6.0m▼ 0.5%€5.4m▼ 10.1%€6.1m▲ 13.1%€6.7m▲ 8.8%€6.9m▲ 2.9%€8.0m▲ 17.1%€2.6m-
Staff (FTE)000-
Why a figure moved sharply
- 2025 Net result +499% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2023 Net result -86% on 2022. The accounts now follow the full format, last year the micro format.
- 2022 Net result +1,350% on 2021. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €2.8m
Fixed assets
€10,572 =
Current assets
€2.8m ▼ 65.9%
Equity and liabilities €2.8m
Equity
€2.6m ▼ 67.1%
Debt
€152,455 ▲ 2.1%
Debt's share of the balance-sheet total rises from 1.8% to 5.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
19.56▼
2025 · 58.71
Debt to equity
0.06▲
2025 · 0.02
ROE
-0.2%▼
2025 · 10.8%
ROA
-0.1%▼
2025 · 10.6%
Debt ≤ 1 year
€142,359▲
2025 · €139,189
Debt > 1 year
€10,096=
2025 · €10,096
Income taxes
€0▼
2025 · €111,048
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0 | - |
| Gross operating margin9900 | -€0.005m | -€0.02m | -€0.02m | -€0.04m | -€0.03m | -€0.01m | -€0.02m | -€0.02m | -€0.003m | - |
| Operating profit (loss)9901 | -€0.006m | -€0.02m | -€0.02m | -€0.04m | -€0.03m | -€0.01m | -€0.02m | -€0.02m | -€0.003m | - |
| Financial income75/76B | - | - | - | €0.3m | €2.9m | €0.3m | €0.2m | €1.3m | €0.005m | - |
| Recurring financial income75 | €1.4m | €1.1m | €0.3m | €0.3m | €0.7m | €0.3m | €0.2m | €1.3m | €0.005m | - |
| Non-recurring financial income76B | - | - | - | - | €2.2m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.2m | -€0.06m | €0.03m | €0.3m | €0.006m | - |
| Recurring financial charges65 | €0.7m | €0.3m | €0.2m | €0.07m | €0.2m | -€0.06m | €0.01m | €0.3m | €0.006m | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.01m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.8m | €0.1m | €0.2m | €2.7m | €0.4m | €0.2m | €1.0m | -€0.004m | - |
| Income taxes67/77 | €0.3m | €0.1m | €0.009m | €0.03m | €0.3m | €0.03m | €0.01m | €0.1m | €0 | - |
| Profit (loss) for the period9904 | €0.3m | €0.6m | €0.09m | €0.2m | €2.4m | €0.3m | €0.1m | €0.9m | -€0.004m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.6m | €0.09m | €0.2m | €2.4m | €0.3m | €0.1m | €0.9m | -€0.004m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €8.4m | €8.7m | €8.8m | €8.6m | €9.0m | €7.4m | €7.3m | €8.2m | €2.8m | - |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €4.6m | €2.6m | €2.6m | €3.1m | €0.6m | €0.4m | €0.3m | €0.01m | €0.01m | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €4.6m | €2.6m | €2.6m | €3.1m | €0.6m | €0.4m | €0.3m | €0.01m | €0.01m | - |
| Current assets29/58 | €3.8m | €6.1m | €6.2m | €5.5m | €8.4m | €7.0m | €7.0m | €8.2m | €2.8m | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.6m | €0.1m | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | - |
| Other amounts receivable41 | - | - | - | €0.1m | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | - |
| Current investments50/53 | €2.7m | €5.1m | €5.3m | €5.2m | €3.8m | €6.7m | €6.8m | €0.2m | €0.4m | - |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.3m | €0.2m | €4.6m | €0.2m | €0.06m | €7.8m | €2.2m | - |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | - | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €8.4m | €8.7m | €8.8m | €8.6m | €9.0m | €7.4m | €7.3m | €8.2m | €2.8m | - |
| Equity10/15 | €5.5m | €6.2m | €6.1m | €6.3m | €6.7m | €7.0m | €7.2m | €8.0m | €2.6m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | - |
| Capital10 | - | - | - | €0.06m | - | - | - | - | - | - |
| Issued capital100 | - | - | - | €0.06m | - | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €0.06m | - | - | - | - |
| Other1109/19 | - | - | - | - | - | €0.06m | - | - | - | - |
| Reserves13 | €5.5m | €6.1m | €6.1m | €6.2m | €6.6m | €7.0m | €7.1m | €8.0m | €8.0m | - |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0 | - | - | - | - | - |
| Legal reserve130 | - | - | - | €0.006m | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €6.2m | €6.6m | €7.0m | €7.1m | €8.0m | €8.0m | - |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | €0 | - | - | -€0.004m | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | - | - | - | - | €5.4m | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €2.9m | €2.5m | €2.7m | €2.3m | €2.3m | €0.4m | €0.2m | €0.1m | €0.2m | - |
| Amounts payable after more than one year17 | €2.5m | €2.5m | €2.5m | €2.3m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | - |
| Other amounts payable178/9 | - | - | - | €2.3m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | - |
| Amounts payable within one year42/48 | €0.4m | €0.04m | €0.2m | €0.04m | €2.3m | €0.4m | €0.1m | €0.1m | €0.1m | - |
| Trade debts44 | €0.004m | €0.004m | €0.004m | €0.004m | €0.005m | €0.002m | €0.004m | €484 | €0.004m | - |
| Suppliers440/4 | - | - | - | €0.004m | €0.005m | €0.002m | €0.004m | €484 | €0.004m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.8m | €0.4m | €0.1m | €0.1m | €0.1m | - |
| Taxes450/3 | - | - | - | €0.02m | €0.8m | €0.4m | €0.1m | €0.1m | €0.1m | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €1.4m | €0 | - | €159 | €159 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.6m | €0.09m | €0.2m | €2.4m | €0.3m | €0.1m | €0.9m | -€0.004m | - |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.3m | €0.6m | €0.09m | €0.2m | €2.4m | €0.3m | €0.1m | €0.9m | -€0.004m | - |
| Investment in fixed assets (approximation) | - | €2.0m | €0 | -€0.5m | €2.6m | €0.2m | €0.05m | €0.3m | - | - |
| Change in cash | - | -€0.06m | -€0.2m | -€0.1m | €4.4m | -€4.3m | -€0.2m | €7.7m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from April 2024 to September 2026 are still being read.