ESTEE COATING SOLUTIONS
ActiveSummary
ESTEE COATING SOLUTIONS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €329k and a net result of €91k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-22
Solvency29▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.04 in 2024; short-term debt: 95.1% and cash: 5.2% of total assets), and 95.6% of the assets are financed with debt.
Credit check 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.4%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 484 sector peers (2025).
NBB · sector comparisonPosition among 484 sector peers
Solvency
better than 11%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €329k
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
7 d early
2023
6 d early
2022
360 d late
2021
117 d late
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€329k▲ 38.4%
2024 · €238k
2019: €2.20Mhighest in 7 years
2020: €1.73M▼ -21.4% vs 2019
2021: €1.67M▼ -3.4% vs 2020
2022: €-474k▼ -128% vs 2021lowest in 7 years
2023: €54k▲ +111% vs 2022
2024: €238k▲ +339% vs 2023
2025: €329k▲ +38.4% vs 2024
2019 → 2025
Total assets
€7.42M▼ 50.5%
2024 · €14.98M
2019: €6.92M
2020: €7.53M▲ +8.8% vs 2019
2021: €6.57M▼ -12.8% vs 2020lowest in 7 years
2022: €6.69M▲ +1.8% vs 2021
2023: €8.11M▲ +21.1% vs 2022
2024: €14.98M▲ +84.8% vs 2023highest in 7 years
2025: €7.42M▼ -50.5% vs 2024
2019 → 2025
Net result
€91k▼ 50.2%
2024 · €183k
2019: €793k
2020: €829k▲ +4.6% vs 2019highest in 7 years
2021: €-59k▼ -107% vs 2020
2022: €-2.15M▼ -3548% vs 2021lowest in 7 years
2023: €528k▲ +125% vs 2022
2024: €183k▼ -65.2% vs 2023
2025: €91k▼ -50.2% vs 2024
2019 → 2025
Working capital
€139k▼ 74.4%
2024 · €542k
2019: €2.24Mhighest in 7 years
2020: €1.71M▼ -23.6% vs 2019
2021: €1.62M▼ -5.3% vs 2020
2022: €-294k▼ -118% vs 2021lowest in 7 years
2023: €1.06M▲ +460% vs 2022
2024: €542k▼ -48.8% vs 2023
2025: €139k▼ -74.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.67M-€-474k€54k€238k▲ 339%€329k▲ 38.4%
2021: €1.67Mhighest in 5 years
2022: €-474k▼ -128% vs 2021lowest in 5 years
2023: €54k▲ +111% vs 2022
2024: €238k▲ +339% vs 2023
2025: €329k▲ +38.4% vs 2024
Operating result€72k-€-2.12M€526k€4k▼ 99.2%€-66k
2021: €72k
2022: €-2.12M▼ -3043% vs 2021lowest in 5 years
2023: €526k▲ +125% vs 2022highest in 5 years
2024: €4k▼ -99.2% vs 2023
2025: €-66k▼ -1667% vs 2024
Net result€-59k-€-2.15M▼ 3,548%€528k€183k▼ 65.2%€91k▼ 50.2%
2021: €-59k
2022: €-2.15M▼ -3548% vs 2021lowest in 5 years
2023: €528k▲ +125% vs 2022highest in 5 years
2024: €183k▼ -65.2% vs 2023
2025: €91k▼ -50.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €66k after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.42M
Fixed assets
€224k ▲ 109%
Current assets
€7.19M ▼ 51.6%
Equity and liabilities €7.42M
Equity
€329k ▲ 38.4%
Debt
€7.09M ▼ 51.9%
Debt's share of the balance-sheet total falls from 98.4% to 95.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-12k▼
2024 · €55k
Cash flow
€145k▼
2024 · €234k
Current ratio
1.02▼
2024 · 1.04
Quick ratio
0.92▼
2024 · 0.99
Debt to equity
21.56▼
2024 · 62.06
ROE
27.8%▼
2024 · 77.2%
ROA
1.2%▲
2024 · 1.2%
Interest coverage
-1.39▼
2024 · 2.58
Debt ≤ 1 year
€7.05M▼
2024 · €14.33M
Income taxes
€1k▲
2024 · €1k
Staff costs
€614k▲
2024 · €475k
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 · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14.98M€7.42M▼
Fixed assets21/28€107k€224k▲
Tangible fixed assets22/27€90k€207k▲
Plant, machinery and equipment23€8k€10k▲
Furniture and vehicles24€47k€185k▲
Leasing and similar rights25€35k€12k▼
Financial fixed assets28€17k€17k=
Current assets29/58€14.87M€7.19M▼
Stocks and contracts in progress3€744k€713k▼
Stocks30/36€744k€713k▼
Amounts receivable within one year40/41€6.60M€3.85M▼
Trade receivables40€6.44M€2.84M▼
Other amounts receivable41€154k€1.01M▲
Current investments50/53€6.19M€1.85M▼
Cash at bank and in hand54/58€1.31M€386k▼
Deferred charges and accrued income490/1€25k€400k▲
Equity and liabilities
Total equity and liabilities10/49€14.98M€7.42M▼
Equity10/15€238k€329k▲
Contributions10/11€82k€82k=
Reserves13€1.13M€247k▼
Tax-exempt reserves132€7k€7k=
Distributable reserves133€1.12M€240k▼
Profit (loss) carried forward14€-970k-
Amounts payable17/49€14.74M€7.09M▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€14.33M€7.05M▼
Current portion of amounts payable after more than one year42€21k€12k▼
Trade debts44€3.65M€2.86M▼
Suppliers440/4€3.65M€2.86M▼
Advances received on contracts in progress46€10.41M€3.96M▼
Taxes, remuneration and social security45€236k€221k▼
Taxes450/3€163k€93k▼
Remuneration and social security454/9€72k€128k▲
Other amounts payable47/48€6k-
Accrued charges and deferred income492/3€399k€34k▼
Income statement
Code20242025
Remuneration, social security and pensions62€475k€614k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€54k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€15k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-58k€88k▲
Other operating charges640/8€18k€166k▲
Non-recurring operating charges66A€374€3k▲
Gross operating margin9900€498k€873k▲
Operating profit (loss)9901€4k€-66k▼
Financial income75/76B€201k€167k▼
Recurring financial income75€197k€167k▼
Non-recurring financial income76B€5k-
Financial charges65/66B€21k€9k▼
Recurring financial charges65€21k€9k▼
Profit (loss) for the period before taxes9903€184k€92k▼
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€183k€91k▼
Profit (loss) for the period to be appropriated9905€183k€91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.08M€-879k▲
Profit (loss) brought forward from the previous period14P€-1.26M€-970k▲
Transfer from equity791/2€109k€879k▲
Social balance
Average headcount (FTE)90876.16.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €19k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €1.95M | €934k | €724k | €475k | €614k | ▲ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156k | €109k | €79k | €50k | €54k | ▲ 6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-2k | €8k | €15k | ▲ 83.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-11k | €-27k | €51k | €-58k | €88k | ▲ 252% |
| Other operating charges640/8 | €60k | €40k | €18k | €18k | €166k | ▲ 835% |
| Non-recurring operating charges66A | €533k | €1.46M | €76k | €374 | €3k | ▲ 659% |
| Gross operating margin9900 | €2.76M | €395k | €1.47M | €498k | €873k | ▲ 75.3% |
| Operating profit (loss)9901 | €72k | €-2.12M | €526k | €4k | €-66k | ▼ 1,667% |
| Financial income75/76B | €41k | €10k | €39k | €201k | €167k | ▼ 17.2% |
| Recurring financial income75 | €40k | €10k | €39k | €197k | €167k | ▼ 15.1% |
| Non-recurring financial income76B | €1k | - | €536 | €5k | - | - |
| Financial charges65/66B | €121k | €38k | €37k | €21k | €9k | ▼ 58.5% |
| Recurring financial charges65 | €121k | €38k | €37k | €21k | €9k | ▼ 58.5% |
| Profit (loss) for the period before taxes9903 | €-8k | €-2.14M | €528k | €184k | €92k | ▼ 50.0% |
| Income taxes67/77 | €51k | €2k | €494 | €1k | €1k | ▲ 1.3% |
| Profit (loss) for the period9904 | €-59k | €-2.15M | €528k | €183k | €91k | ▼ 50.2% |
| Transfer from tax-exempt reserves789 | €38k | €142k | €214k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-2.00M | €741k | €183k | €91k | ▼ 50.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.57M | €6.69M | €8.11M | €14.98M | €7.42M | ▼ 50.5% |
| Fixed assets21/28 | €291k | €512k | €100k | €107k | €224k | ▲ 109% |
| Tangible fixed assets22/27 | €252k | €251k | €97k | €90k | €207k | ▲ 129% |
| Plant, machinery and equipment23 | €16k | €31k | €12k | €8k | €10k | ▲ 22.6% |
| Furniture and vehicles24 | €54k | €63k | €20k | €47k | €185k | ▲ 290% |
| Leasing and similar rights25 | €170k | €108k | €64k | €35k | €12k | ▼ 65.1% |
| Other tangible fixed assets26 | €12k | €49k | €1k | - | - | - |
| Financial fixed assets28 | €38k | €261k | €3k | €17k | €17k | = |
| Current assets29/58 | €6.28M | €6.18M | €8.01M | €14.87M | €7.19M | ▼ 51.6% |
| Stocks and contracts in progress3 | €914k | €1.12M | €709k | €744k | €713k | ▼ 4.0% |
| Stocks30/36 | €914k | €1.12M | €709k | €744k | €713k | ▼ 4.0% |
| Amounts receivable within one year40/41 | €4.01M | €4.35M | €4.24M | €6.60M | €3.85M | ▼ 41.7% |
| Trade receivables40 | €2.95M | €4.22M | €4.12M | €6.44M | €2.84M | ▼ 56.0% |
| Other amounts receivable41 | €1.05M | €136k | €119k | €154k | €1.01M | ▲ 557% |
| Current investments50/53 | - | - | €2.35M | €6.19M | €1.85M | ▼ 70.2% |
| Cash at bank and in hand54/58 | €1.31M | €592k | €689k | €1.31M | €386k | ▼ 70.5% |
| Deferred charges and accrued income490/1 | €46k | €108k | €17k | €25k | €400k | ▲ 1,507% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.57M | €6.69M | €8.11M | €14.98M | €7.42M | ▼ 50.5% |
| Equity10/15 | €1.67M | €-474k | €54k | €238k | €329k | ▲ 38.4% |
| Contributions10/11 | €82k | €82k | €82k | €82k | €82k | = |
| Reserves13 | €1.59M | €1.45M | €1.23M | €1.13M | €247k | ▼ 78.1% |
| Tax-exempt reserves132 | €363k | €221k | €7k | €7k | €7k | = |
| Distributable reserves133 | €1.23M | €1.23M | €1.23M | €1.12M | €240k | ▼ 78.6% |
| Profit (loss) carried forward14 | - | €-2.00M | €-1.26M | €-970k | - | - |
| Provisions and deferred taxes16 | - | €28k | €25k | - | - | - |
| Provisions for liabilities and charges160/5 | - | €28k | €25k | - | - | - |
| Other liabilities and charges164/5 | - | €28k | €25k | - | - | - |
| Amounts payable17/49 | €4.90M | €7.14M | €8.03M | €14.74M | €7.09M | ▼ 51.9% |
| Amounts payable after more than one year17 | €118k | €72k | €33k | €12k | - | - |
| Financial debts170/4 | €118k | €72k | €33k | €12k | - | - |
| Amounts payable within one year42/48 | €4.66M | €6.47M | €6.95M | €14.33M | €7.05M | ▼ 50.8% |
| Current portion of amounts payable after more than one year42 | €48k | €66k | €39k | €21k | €12k | ▼ 40.6% |
| Financial debts43 | €1.75M | - | - | - | - | - |
| Credit institutions430/8 | €1.75M | - | - | - | - | - |
| Trade debts44 | €1.12M | €733k | €2.24M | €3.65M | €2.86M | ▼ 21.7% |
| Suppliers440/4 | €1.12M | €733k | €2.24M | €3.65M | €2.86M | ▼ 21.7% |
| Advances received on contracts in progress46 | €1.54M | €5.45M | €4.55M | €10.41M | €3.96M | ▼ 61.9% |
| Taxes, remuneration and social security45 | €206k | €220k | €117k | €236k | €221k | ▼ 6.3% |
| Taxes450/3 | €61k | €100k | €24k | €163k | €93k | ▼ 43.1% |
| Remuneration and social security454/9 | €145k | €120k | €93k | €72k | €128k | ▲ 76.9% |
| Other amounts payable47/48 | - | €16 | - | €6k | - | - |
| Accrued charges and deferred income492/3 | €119k | €593k | €1.05M | €399k | €34k | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-59k | €-2.15M | €528k | €183k | €91k | ▼ 50.2% |
| + Depreciation and write-downs630 | €156k | €109k | €79k | €50k | €54k | ▲ 6.3% |
| Operating cash flow (approximation) | €97k | €-2.04M | €607k | €234k | €145k | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €-331k | €333k | €-57k | €-170k | ▼ 198% |
| Change in cash | - | €-718k | €97k | €620k | €-924k | ▼ 249% |
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
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €238k ▲339%
2 profitable years in a row build equity to €238k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 360 days late
2023
31-12
Financial
Back to profitnet €528k
Net result €528k after 2 loss-making years.
2022
31-12
Financial
Weakest financial yearnet €-2.15M
Net result drops to €-2.15M, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 117 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Highest result since 2019net €829k ▲4.6%
Operating result €1.04M, net result €829k, both a record.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-10
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 12 acts read
About the unread acts
We know of 12 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
12 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, Tielt · 1 establishment unit since 1992
Ground area
3,531 m²
Building footprint
2,202 m²
Parcel 37322C1952/00A000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ambachtenlaan 17, 8760 Tielt
since 19922.058.758.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1952/00A000 | Flanders | 3,531 m² | 1 · 2,202 m² | - |
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
2022 to 2025 · 4 entries · 18,806 EUR awarded · 18,806 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 11,118 EUR | 11,118 EUR |
| 2023 | 1 | 188 EUR | 188 EUR |
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.