ESTERO
ActiveESTERO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €205k and a net result of €32k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 9417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+3
Solvency58▼-8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.55 in 2024; short-term debt: 43.2% and cash: 38.6% of total assets), and 67.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
32.8%
Return on assets
5.1%
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
64 d early
2023
28 d early
2022
35 d early
2021
6 d early
2020
24 d late
2019
33 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€205k▲ 18.6%
2024 · €173k
2018: €39k
2019: €39k
2020: €114k
2021: €156k
2022: €162k
2023: €162k
2024: €173k
2018 → 2025
Total assets
€624k▲ 48.3%
2024 · €421k
2018: €137k
2019: €211k
2020: €248k
2021: €524k
2022: €326k
2023: €450k
2024: €421k
2018 → 2025
Net result
€32k▲ 205%
2024 · €11k
2018: €14k
2019: €232
2020: €75k
2021: €47k
2022: €6k
2023: €357
2024: €11k
2018 → 2025
Working capital
€73k▼ 37.8%
2024 · €118k
2018: €36k
2019: €34k
2020: €104k
2021: €275k
2022: €85k
2023: €115k
2024: €118k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€156k-€162k▲ 4.0%€162k▲ 0.2%€173k▲ 6.5%€205k▲ 18.6%
Operating result€78k-€17k▼ 78.2%€8k▼ 51.6%€25k▲ 209%€50k▲ 95.5%
Net result€47k-€6k▼ 87.0%€357▼ 94.2%€11k▲ 2,850%€32k▲ 205%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 95% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €624k
Fixed assets
€281k▲ 211%
Current assets
€343k▲ 3.8%
Equity and liabilities €624k
Equity
€205k▲ 18.6%
Debt
€419k▲ 69.0%
The debt ratio rises from 58.9% to 67.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86k▲
2024 · €52k
Cash flow
€68k▲
2024 · €38k
Solvency
32.8%▼
2024 · 41.1%
Current ratio
1.27▼
2024 · 1.55
Quick ratio
1.27▼
2024 · 1.55
Debt / equity
2.04▲
2024 · 1.44
ROE
15.7%▲
2024 · 6.1%
ROA
5.1%▲
2024 · 2.5%
Interest coverage
18.93▲
2024 · 17.64
Debt
€419k▲
2024 · €248k
Debt ≤ 1 year
€270k▲
2024 · €213k
Debt > 1 year
€149k▲
2024 · €35k
Income taxes
€14k▲
2024 · €12k
Staff costs
€363k▲
2024 · €321k
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€421k€624k▲
Fixed assets21/28€90k€281k▲
Intangible fixed assets21€10k€5k▼
Tangible fixed assets22/27€80k€276k▲
Furniture and vehicles24€80k€66k▼
Other tangible fixed assets26-€210k
Financial fixed assets28€50€50=
Current assets29/58€330k€343k▲
Amounts receivable within one year40/41€210k€87k▼
Trade receivables40€139k€50k▼
Other amounts receivable41€71k€38k▼
Cash at bank and in hand54/58€116k€241k▲
Deferred charges and accrued income490/1€5k€15k▲
Equity and liabilities
Total equity and liabilities10/49€421k€624k▲
Equity10/15€173k€205k▲
Contributions10/11€6k€6k=
Reserves13€167k€199k▲
Distributable reserves133€167k€199k▲
Amounts payable17/49€248k€419k▲
Amounts payable after more than one year17€35k€149k▲
Financial debts170/4€35k€149k▲
Amounts payable within one year42/48€213k€270k▲
Current portion of amounts payable after more than one year42€32k€20k▼
Financial debts43€4k€2k▼
Credit institutions430/8€4k€2k▼
Other loans439€0-
Trade debts44€114k€211k▲
Suppliers440/4€114k€211k▲
Taxes, remuneration and social security45€63k€37k▼
Taxes450/3€17k€2k▼
Remuneration and social security454/9€46k€35k▼
Other amounts payable47/48€118€121▲
Accrued charges and deferred income492/3€0€24▲
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€321k€363k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€36k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€376k€452k▲
Operating profit (loss)9901€25k€50k▲
Financial income75/76B€147€1k▲
Recurring financial income75€147€1k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€23k€46k▲
Income taxes67/77€12k€14k▲
Profit (loss) for the period9904€11k€32k▲
Profit (loss) for the period to be appropriated9905€11k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€32k▲
Transfer to equity691/2€11k€32k▲
To other reserves6921€11k€32k▲
The notes to these accounts (16 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €205k ▲18.6%
8 profitable years in a row build equity to €205k.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €156k ▲37.2%
4 profitable years in a row build equity to €156k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €75k ▲32105%
Operating result €116k, net result €75k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲191%
3 profitable years in a row build equity to €114k.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Weakest financial yearnet €232 ▼98.3%
Net result drops to €232, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
03-07
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-06-2025
Laurent Raes: Resigned as Director
01-06-2025
Mathias Van Oost: Resigned as Director
01-06-2025
Thomas De Pelsmacker: Resigned as Director
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2013
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.
Oudenaardsesteenweg 3149420 Erpe-MereGround area
1,180 m²
Building footprint
205 m²
Parcel 41016D0989/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
ESTERO
since 20132.223.606.323
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016D0989/00R000 | Flanders | 1,180 m² | 1 · 205 m² | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,339 EUR awarded · 3,339 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 803 EUR | 1,271 EUR |
| 2024 | 1 | 1,406 EUR | 938 EUR |
| 2023 | 1 | 323 EUR | 863 EUR |
| 2022 | 1 | 807 EUR | 267 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18,252 companies in sector 71111 we hold annual accounts for 6,319. 5,105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2013
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
71111Activities of building architects
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
74999Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.