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Estheo

Active
Private limited companyfounded 20241 yr activeRue du Pavillon (C.) 1, 7033 Mons, BelgiumKBO/BCE: BE 1015.971.862
Summary

The computed 12-month bankruptcy probability of Estheo is 1.7% (moderate). The 2025 annual accounts show negative equity (-€546) and a net result of -€3,546. Its solvency ranks better than 11% of 8161 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes
Profitability10
Solvency24
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 92.17; short-term debt: 0.9% and cash: 81.8% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-1.1%
Return on assets
-7.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 1 filing
Deviation from the deadline
2025
41 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 November 2024, Estheo was incorporated as a Private limited company.1 In 2026 the company took the name Kouklès.2 The registered office was moved to Mons in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 04-09-2026

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Financials · fiscal year 2025, abbreviated schema

Equity
-€546
Total assets
€49,922
Net result
-€3,546
Working capital
€42,603

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €49,922
Fixed assets €6,851
Current assets €43,070
Key figures and ratios
2025 value
EBITDA
-€3,018
Cash flow
-€3,033
Solvency
-1.1%
Current ratio
92.17
ROA
-7.1%
Interest coverage
-204.90
Debt
€50,467
Debt ≤ 1 year
€467
Debt > 1 year
€50,000
Equity ratios withheld: equity of -€546 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.2% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 232 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€49,922
Fixed assets21/28€6,851
Intangible fixed assets21€6,851
Current assets29/58€43,070
Amounts receivable within one year40/41€2,254
Other amounts receivable41€2,254
Cash at bank and in hand54/58€40,816
Equity and liabilities
Total equity and liabilities10/49€49,922
Equity10/15-€546
Contributions10/11€3,000
Outside capital11€3,000
Other1109/19€3,000
Profit (loss) carried forward14-€3,546
Amounts payable17/49€50,467
Amounts payable after more than one year17€50,000
Other amounts payable178/9€50,000
Amounts payable within one year42/48€467
Taxes, remuneration and social security45€68
Taxes450/3€68
Other amounts payable47/48€400
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€513
Gross operating margin9900-€3,018
Operating profit (loss)9901-€3,531
Financial charges65/66B€15
Recurring financial charges65€15
Profit (loss) for the period before taxes9903-€3,546
Profit (loss) for the period9904-€3,546
Profit (loss) for the period to be appropriated9905-€3,546
Appropriation of the result
Profit (loss) to be appropriated9906-€3,546

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€513
Gross operating margin9900-€3,018
Operating profit (loss)9901-€3,531
Financial charges65/66B€15
Recurring financial charges65€15
Profit (loss) for the period before taxes9903-€3,546
Profit (loss) for the period9904-€3,546
Profit (loss) for the period to be appropriated9905-€3,546
Line2025
Assets
Total assets20/58€49,922
Fixed assets21/28€6,851
Intangible fixed assets21€6,851
Current assets29/58€43,070
Amounts receivable within one year40/41€2,254
Other amounts receivable41€2,254
Cash at bank and in hand54/58€40,816
Equity and liabilities
Total equity and liabilities10/49€49,922
Equity10/15-€546
Contributions10/11€3,000
Outside capital11€3,000
Other1109/19€3,000
Profit (loss) carried forward14-€3,546
Amounts payable17/49€50,467
Amounts payable after more than one year17€50,000
Other amounts payable178/9€50,000
Amounts payable within one year42/48€467
Taxes, remuneration and social security45€68
Taxes450/3€68
Other amounts payable47/48€400
Line2025
Profit (loss) for the period9904-€3,546
+ Depreciation and write-downs630€513
Operating cash flow (approximation)-€3,033

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
10-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
04-09
State Gazette act Resignations & appointments
Name change · Registered-office move · Power of attorney4 facts ▸
  • General meeting, 24-08-2026
  • Name change, Kouklès
  • Registered-office move, 7000 Mons, Grand-Rue, numéro 68
  • Power of attorney
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
844 m²
Building footprint
23 m²
Parcel 53019B0583/00X000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Estheo
Rue du Pavillon (C.) 1, 7033 MonsManufacture of chemicals and chemical products
since 20242.366.740.216
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53019B0583/00X000 Wallonia 844 m² 1 · 23 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.

Articles of association

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,743 companies in sector 46150 we hold annual accounts for 758. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-11-2024
Fiscal year end31-12
Legal name FR Kouklès
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46450Wholesale of perfume and cosmetics
47120Other non-specialised retail sale
47279Other retail sale of food
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47750Retail sale of cosmetics and toilet articles
85599Other education
Contact
E-mail theodorou_maria@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015971862
Also 9925:BE1015971862
Registered 19-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.