ESTHIO
ActiveESTHIO has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.71M and a net result of €751k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
77
/ 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
Profitability90▼-2
Solvency87▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.21 in 2024; short-term debt: 35.8% and cash: 17.5% of total assets), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
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
61.5%
Return on assets
17%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
22 d early
2023
20 d early
2022
18 d early
2021
16 d early
2020
8 d early
2019
15 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.71M▲ 6.3%
2024 · €2.55M
2018: €3.08M
2019: €1.54M
2020: €1.54M
2021: €1.89M
2022: €2.10M
2023: €2.38M
2024: €2.55M
2018 → 2025
Total assets
€4.41M▲ 0.4%
2024 · €4.39M
2018: €3.99M
2019: €2.73M
2020: €2.73M
2021: €3.07M
2022: €4.00M
2023: €4.29M
2024: €4.39M
2018 → 2025
Net result
€751k▼ 6.8%
2024 · €806k
2018: €230k
2019: €262k
2020: €210k
2021: €533k
2022: €906k
2023: €1.07M
2024: €806k
2018 → 2025
Working capital
€586k▲ 63.7%
2024 · €358k
2018: €2.38M
2019: €482k
2020: €395k
2021: €228k
2022: €361k
2023: €192k
2024: €358k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.89M-€2.10M▲ 10.9%€2.38M▲ 13.4%€2.55M▲ 7.0%€2.71M▲ 6.3%
Operating result€590k-€1.06M▲ 80.3%€1.27M▲ 19.3%€949k▼ 25.2%€887k▼ 6.5%
Net result€533k-€906k▲ 70.1%€1.07M▲ 17.8%€806k▼ 24.5%€751k▼ 6.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.41M
Fixed assets
€2.24M▼ 4.0%
Current assets
€2.16M▲ 5.4%
Equity and liabilities €4.41M
Equity
€2.71M▲ 6.3%
Debt
€1.70M▼ 7.7%
The debt ratio falls from 41.9% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.50M▲
2024 · €1.48M
Cash flow
€1.37M▲
2024 · €1.34M
Solvency
61.5%▲
2024 · 58.1%
Current ratio
1.37▲
2024 · 1.21
Quick ratio
1.25▲
2024 · 1.12
Debt / equity
0.63▼
2024 · 0.72
ROE
27.7%▼
2024 · 31.6%
ROA
17.0%▼
2024 · 18.4%
Interest coverage
170.17▼
2024 · 411.79
Debt
€1.70M▼
2024 · €1.84M
Debt ≤ 1 year
€1.58M▼
2024 · €1.69M
Debt > 1 year
€54k▼
2024 · €81k
Income taxes
€139k▼
2024 · €153k
Staff costs
€1.17M▲
2024 · €1.13M
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€4.39M€4.41M▲
Fixed assets21/28€2.34M€2.24M▼
Intangible fixed assets21€60k€86k▲
Tangible fixed assets22/27€2.27M€2.15M▼
Land and buildings22€1.08M€966k▼
Plant, machinery and equipment23€1.00M€953k▼
Furniture and vehicles24€184k€227k▲
Financial fixed assets28€8k€10k▲
Current assets29/58€2.05M€2.16M▲
Amounts receivable after more than one year29-€129k
Other amounts receivable291-€129k
Stocks and contracts in progress3€157k€193k▲
Stocks30/36€157k€193k▲
Amounts receivable within one year40/41€997k€1.06M▲
Trade receivables40€906k€917k▲
Other amounts receivable41€91k€145k▲
Current investments50/53€14k€0▼
Cash at bank and in hand54/58€877k€771k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€4.39M€4.41M▲
Equity10/15€2.55M€2.71M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.49M€2.65M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€22k€22k=
Distributable reserves133€2.46M€2.62M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.84M€1.70M▼
Amounts payable after more than one year17€81k€54k▼
Financial debts170/4€81k€54k▼
Amounts payable within one year42/48€1.69M€1.58M▼
Current portion of amounts payable after more than one year42€69k€43k▼
Financial debts43€14k€15k▲
Credit institutions430/8€14k€15k▲
Trade debts44€816k€785k▼
Suppliers440/4€816k€785k▼
Taxes, remuneration and social security45€159k€144k▼
Taxes450/3€31k€5k▼
Remuneration and social security454/9€128k€139k▲
Other amounts payable47/48€638k€591k▼
Accrued charges and deferred income492/3€62k€64k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.13M€1.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€532k€615k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€19k€20k▲
Gross operating margin9900€2.63M€2.69M▲
Operating profit (loss)9901€949k€887k▼
Financial income75/76B€13k€12k▼
Recurring financial income75€13k€12k▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€958k€890k▼
Income taxes67/77€153k€139k▼
Profit (loss) for the period9904€806k€751k▼
Profit (loss) for the period to be appropriated9905€806k€751k▼
Appropriation of the result
Profit (loss) to be appropriated9906€806k€751k▼
Profit (loss) brought forward from the previous period14P€484€0▼
Transfer to equity691/2€168k€160k▼
To other reserves6921€168k€160k▼
Profit to be distributed694/7€638k€591k▼
Return on contributions (dividend)694€318k€295k▼
Directors or managers695€320k€296k▼
Social balance
Average headcount (FTE)908726.126.7▲
The notes to these accounts (21 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
08-09
State Gazette act
General meeting · DemergerGeneral meeting · Demerger · Capital decrease6 facts ▸
State Gazette act
General meeting · Demerger
General meeting · Demerger · Capital decrease6 facts ▸
- General meeting, 2026-07-16
- Demerger, partial
- Capital decrease
- Capital, €62.000
- Power of attorney, Notariaat Liene Van Den Bosch
- Power of attorney, ESTHIO
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.07M ▲17.8%
Operating result €1.27M, net result €1.07M, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.10M ▲10.9%
5 profitable years in a row build equity to €2.10M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €210k ▼19.8%
Net result drops to €210k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Harelbeke · 2 establishment units since 1973
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.
Venetiëlaan 478530 HarelbekeGround area
6,838 m²
Building footprint
3,336 m²
Volume, LiDAR
7,614 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ESTHIO
since 19732.007.618.106
ESTHIO
since 20172.263.929.223
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0673/00V000 | Flanders | 3,692 m² | 1 · 1,892 m² | - |
| 34322B0673/00N000 | Flanders | 3,146 m² | 1 · 1,444 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionContributed a business line to:MAALTIJD SERVICE
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 10,494 EUR awarded · 1,517 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 0 EUR |
| 2024 | 1 | 2,955 EUR | 1,478 EUR |
| 2022 | 1 | 39 EUR | 39 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHarelbeke2.007.618.106
Legal Entity Identifier
875500F8ZZV5I7QFJK85
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Of 7,504 companies in sector 56210 we hold annual accounts for 2,444. 411 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-10-1972
Fiscal year end31-12
Activities, NACEBEL
55302
56210Event catering
55301
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 50 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.