ESTETIS
ActiveSummary
ESTETIS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €-71k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-28
Solvency45▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.64 in 2024; short-term debt: 30.1% and cash: 0.3% of total assets), and 80.3% of the assets are financed with debt.
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Signals
Seven 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
19.7%
Return on assets
-18.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-71k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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
31 d late
2024
31 d late
2023
53 d late
2022
61 d late
2021
78 d late
2020
88 d late
2019
92 d late
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€75k▼ 48.8%
2024 · €146k
Total assets
€379k▼ 15.1%
2024 · €447k
Net result
€-71k▼ 474%
2024 · €-12k
Working capital
€-14k
2024 · €56k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-36k▲ 28.5%€162k€63k▼ 60.9%€-2k€-60k▼ 3,324%
Net result€-52k▲ 22.1%€135k€35k▼ 74.0%€-12k€-71k▼ 474%
Equity€-12k€123k€158k▲ 28.6%€146k▼ 7.8%€75k▼ 48.8%
Total assets€367k▼ 5.3%€462k▲ 25.9%€493k▲ 6.7%€447k▼ 9.5%€379k▼ 15.1%
Debt€379k▲ 9.1%€339k▼ 10.6%€335k▼ 1.3%€301k▼ 10.2%€305k▲ 1.3%
Working capital€-79k▼ 532%€36k€66k▲ 82.3%€56k▼ 15.2%€-14k
Staff (FTE)1.3▲ 44.4%0.9▼ 30.8%1▲ 11.1%1=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 €60k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379k
Fixed assets
€279k ▼ 8.1%
Current assets
€100k ▼ 29.8%
Equity and liabilities €379k
Equity
€75k ▼ 48.8%
Debt
€305k ▲ 1.3%
Debt's share of the balance-sheet total rises from 67.3% to 80.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-35k▼
2024 · €25k
Cash flow
€-47k▼
2024 · €15k
Current ratio
0.88▼
2024 · 1.64
Quick ratio
0.77▼
2024 · 1.46
Debt to equity
4.08▲
2024 · 2.06
ROE
-95.4%▼
2024 · -8.5%
ROA
-18.8%▼
2024 · -2.8%
Interest coverage
-2.27▼
2024 · 1.55
Debt ≤ 1 year
€114k▲
2024 · €87k
Debt > 1 year
€189k▼
2024 · €213k
Income taxes
€801▲
2024 · €796
Staff costs
€58k▲
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26k | €26k | €47k | €56k | €58k | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €23k | €26k | €27k | €25k | ▼ 8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-1k | €0 | - | - | - |
| Other operating charges640/8 | €5k | €7k | €16k | €6k | €6k | ▲ 7.4% |
| Gross operating margin9900 | €16k | €217k | €152k | €87k | €28k | ▼ 67.2% |
| Operating profit (loss)9901 | €-36k | €162k | €63k | €-2k | €-60k | ▼ 3,324% |
| Financial income75/76B | €364 | €935 | €4k | €6k | €5k | ▼ 19.9% |
| Recurring financial income75 | €364 | €935 | €4k | €6k | €5k | ▼ 19.9% |
| Financial charges65/66B | €16k | €14k | €13k | €16k | €16k | ▼ 4.6% |
| Recurring financial charges65 | €16k | €14k | €13k | €16k | €16k | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €-51k | €149k | €55k | €-12k | €-70k | ▼ 507% |
| Income taxes67/77 | €639 | €14k | €19k | €796 | €801 | ▲ 0.6% |
| Profit (loss) for the period9904 | €-52k | €135k | €35k | €-12k | €-71k | ▼ 474% |
| Transfer from tax-exempt reserves789 | - | - | - | €12k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-52k | €135k | €35k | €0 | €-71k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367k | €462k | €493k | €447k | €379k | ▼ 15.1% |
| Fixed assets21/28 | €345k | €345k | €329k | €304k | €279k | ▼ 8.1% |
| Intangible fixed assets21 | €1k | €780 | €520 | €260 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €339k | €339k | €324k | €299k | €275k | ▼ 8.2% |
| Land and buildings22 | €336k | €318k | €299k | €280k | €261k | ▼ 6.7% |
| Plant, machinery and equipment23 | €2k | €6k | €10k | €9k | €7k | ▼ 28.3% |
| Furniture and vehicles24 | €2k | €16k | €13k | €8k | €6k | ▼ 31.4% |
| Other tangible fixed assets26 | €0 | - | €2k | €1k | €970 | ▼ 28.7% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €22k | €118k | €164k | €143k | €100k | ▼ 29.8% |
| Stocks and contracts in progress3 | €9k | €13k | €13k | €16k | €12k | ▼ 22.4% |
| Stocks30/36 | €9k | €13k | €13k | €16k | €12k | ▼ 22.4% |
| Amounts receivable within one year40/41 | €3k | €67k | €112k | €113k | €75k | ▼ 33.9% |
| Trade receivables40 | €3k | €27k | €9k | €10k | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €40k | €103k | €103k | €75k | ▼ 27.2% |
| Cash at bank and in hand54/58 | €4k | €32k | €32k | €3k | €1k | ▼ 58.7% |
| Deferred charges and accrued income490/1 | €5k | €6k | €7k | €10k | €11k | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367k | €462k | €493k | €447k | €379k | ▼ 15.1% |
| Equity10/15 | €-12k | €123k | €158k | €146k | €75k | ▼ 48.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €117k | €152k | €140k | €68k | ▼ 51.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €115k | €150k | €138k | €68k | ▼ 50.3% |
| Profit (loss) carried forward14 | €-20k | €0 | - | - | - | - |
| Amounts payable17/49 | €379k | €339k | €335k | €301k | €305k | ▲ 1.3% |
| Amounts payable after more than one year17 | €277k | €257k | €235k | €213k | €189k | ▼ 11.0% |
| Financial debts170/4 | €277k | €257k | €235k | €213k | €189k | ▼ 11.0% |
| Amounts payable within one year42/48 | €101k | €82k | €99k | €87k | €114k | ▲ 31.4% |
| Current portion of amounts payable after more than one year42 | €21k | €22k | €23k | €24k | €27k | ▲ 11.1% |
| Financial debts43 | €1k | €887 | €0 | €6k | €12k | ▲ 106% |
| Credit institutions430/8 | €1k | €887 | €0 | €6k | €12k | ▲ 106% |
| Trade debts44 | €23k | €22k | €21k | €13k | €23k | ▲ 78.4% |
| Suppliers440/4 | €23k | €22k | €21k | €13k | €23k | ▲ 78.4% |
| Taxes, remuneration and social security45 | €13k | €37k | €55k | €44k | €52k | ▲ 18.9% |
| Taxes450/3 | €8k | €32k | €47k | €36k | €13k | ▼ 65.4% |
| Remuneration and social security454/9 | €4k | €5k | €8k | €8k | €40k | ▲ 420% |
| Other amounts payable47/48 | €43k | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €1k | €1k | €948 | €869 | €970 | ▲ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-52k | €135k | €35k | €-12k | €-71k | ▼ 474% |
| + Depreciation and write-downs630 | €22k | €23k | €26k | €27k | €25k | ▼ 8.6% |
| Operating cash flow (approximation) | €-30k | €158k | €61k | €15k | €-47k | ▼ 419% |
| Investment in fixed assets (approximation) | - | €-22k | €-10k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €28k | €-408 | €-29k | €-2k | ▲ 93.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
31-12
Financial
Equity above €150kEq €158k ▲28.6%
2 profitable years in a row build equity to €158k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Back to profitnet €135k
Net result €135k after 3 loss-making years.
31-12
Financial
Liquidity times 7current ratio 1.44
Current ratio from 0.22 to 1.44; short-term debt falls from €101k to €82k.
31-12
Financial
Equity above €100kEq €123k
Equity rises from €-12k to €123k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Show earlier events
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 122 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 180 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aalter · 2 establishment units since 2007
Ground area
3,372 m²
Building footprint
227 m²
Volume, LiDAR
1,864 m³
2 parcels, Flanders · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ESTETIS
since 20072.160.213.556
ESTETIS
since 20172.262.954.966
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44009B0191/00C000 | Flanders | 3,132 m² | 1 · 111 m² | 5.8 m · 1 fl. |
| 44808H0001/00N028 | Flanders | 240 m² | 1 · 117 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,564 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
96220Beauty care and other beauty treatments
46180Agents specialised in the wholesale of other particular products
46450Wholesale of perfume and cosmetics
46500Wholesale of information and communication equipment
47750Retail sale of cosmetics and toilet articles
Contact
Website
www.estetis.beGent
Scores and ratios are computed by Checked and are not a credit decision.