ESTICAR

Active

Private limited company (pre-2019)founded 2010active for 16 yearsHeerbaan 145, 1840 Londerzeel, BelgiumKBO/BCE: BE 0829.033.363

Summary

ESTICAR has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,138 and a net result of €41,240. Equity is shrinking by about 8.6% per year across the filed financial years. Its solvency ranks better than 39% of 155 sector peers (NACE 51, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

ESTICARActiveChecked score 95/100

Risk analysis Report Compare

Activity

Air transport

NACE 51100

1 site

Size

€372,065total assets 2025

Equity: €88,138
Profit: €41,240

Turnover not published (micro format)

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

2025 accounts 10 days early2 deeds in the Belgian Official Gazette

Why 95lowers riskFounded in 2010Liquidity: current ratio 1.11, cash €116,054Size: total assets €372,065Figures for financial year 2025 (filed 21-07-2026)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 66% of its sector peers (NACE 51, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 49+10

equity 23.7% of total assets

Liquidity 71+39

short-term debt 38.9% · cash 31.2%

Profitability 83+22

return on assets 11.1%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (202 companies, NACE 51, micro)

Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.1%▼ -0.1 percentage points vs 05-2025 07-2025: 1.3%▲ +0.2 percentage points vs 06-2025 08-2025: 2.0%▲ +0.7 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -1.7 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.2%▼ -0.1 percentage points vs 12-2025 02-2026: 0.3%▲ +0.1 percentage points vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €8,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.11, compared with 0.83 in 2024, below the usual 1.5; short-term debt: 38.9% and cash: 31.2% of total assets), and 76.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 51, micro): better than 37% on solvency, 69% on liquidity, 72% on profitability and 88% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskneutral

Founded in 2010

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 1.11, cash €116,054

NBB · annual accounts

Size: total assets €372,065

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 21-07-2026)

NBB · annual accounts

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 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €88,138

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

10 days early

2024

4 days late

2023

26 days late

2022

on the day

2021

17 days late

2020

5 days late

2019

3 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 51) for financial year 2024 is 10 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-07-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Highest result from 2018 to 2025net €41,240 ▲203%
04-08-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Positive: Among the best 19% on net resultsector median €5,145 · 155 companies €41,240 View
Total assets 20256 financial years filed €372,065 View
Active since 2010founded 06-09-2010 16 years View

By topic

Financials

Financial year: 2025
Total assets: €372,065
Profit: €41,240
Solvency: 23.7%

Total assets▲ 10.2%

Net result

20182025

Go to Financials

Timeline

Events: 19
Since: 2012
Next accounts: by 31-07-2027

31-12-2024Back to profit
26-08-2024Annual accounts filed
31-12-2023Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company (pre-2019)
Activity: Air transportNACE 51100
Founded: 06-09-2010
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about ESTICAR

What is the company number of ESTICAR?: 0829.033.363. In Belgium the VAT number is the company number with BE in front: BE 0829.033.363.
Where is ESTICAR based?: The registered office is at Heerbaan 145, 1840 Londerzeel.Company details
What does ESTICAR do?: According to the KBO register, the main activity is air transport (NACE 51100).
What is the legal form of ESTICAR?: Private limited company (pre-2019) (BVBA).
When was ESTICAR founded?: On 06-09-2010.
Is ESTICAR still active?: Yes, ESTICAR is an active enterprise in the KBO register.
What is the turnover of ESTICAR?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is ESTICAR profitable?: In financial year 2025, ESTICAR made a profit of €41,240.
Where can I find the annual accounts of ESTICAR?: ESTICAR filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ESTICAR due?: By 31-07-2027, for financial year 2026.Timeline