ESTIMA STABLES
ActiveSummary
ESTIMA STABLES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-19k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 3121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-8
Solvency18▼-37
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 1.4 in 2024; short-term debt: 106.6% and cash: 10.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
-6.6%
Return on assets
-35%
Age of the figures
12 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
43 d early
2022
13 d early
2021
31 d early
2020
22 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €15k
2018: €19k
2019: €19k
2020: €21k
2021: €22k
2022: €23k
2023: €19k
2024: €15k
2018 → 2025
Total assets
€53k▲ 4.8%
2024 · €51k
2018: €41k
2019: €42k
2020: €36k
2021: €38k
2022: €81k
2023: €44k
2024: €51k
2018 → 2025
Net result
€-19k▼ 327%
2024 · €-4k
2018: €-330
2019: €-297
2020: €2k
2021: €2k
2022: €852
2023: €-4k
2024: €-4k
2018 → 2025
Working capital
€-4k
2024 · €14k
2018: €16k
2019: €17k
2020: €20k
2021: €23k
2022: €23k
2023: €19k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€23k▲ 3.8%€19k▼ 16.6%€15k▼ 22.4%€-3k
Operating result€3k-€3k▼ 8.0%€-3k€-3k▼ 28.0%€-17k▼ 436%
Net result€2k-€852▼ 53.6%€-4k€-4k▼ 12.2%€-19k▼ 327%
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 €17k in 2025 against €3k 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 €53k
Fixed assets
€597 ▼ 35.8%
Current assets
€52k ▲ 5.5%
Key figures and ratios
EBITDA
€-17k▼
2024 · €-3k
Cash flow
€-18k▼
2024 · €-4k
Solvency
-6.6%▼
2024 · 29.8%
Current ratio
0.93▼
2024 · 1.40
Quick ratio
0.21▼
2024 · 0.25
Debt to equity
-16.25▼
2024 · 2.36
ROA
-35.0%▼
2024 · -8.6%
Interest coverage
-22.66▼
2024 · -4.32
Debt
€57k▲
2024 · €36k
Debt ≤ 1 year
€57k▲
2024 · €36k
Income taxes
€292▼
2024 · €342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€51k€53k▲
Fixed assets21/28€931€597▼
Tangible fixed assets22/27€931€597▼
Furniture and vehicles24€931€597▼
Current assets29/58€50k€52k▲
Stocks and contracts in progress3€41k€40k▼
Stocks30/36€41k€40k▼
Amounts receivable within one year40/41€6k€7k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€97€257▲
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€51k€53k▲
Equity10/15€15k€-3k▼
Contributions10/11€19k€19k=
Reserves13€970€970=
Non-distributable reserves130/1€970€970=
Reserves not available under the articles1311€970€970=
Profit (loss) carried forward14€-5k€-23k▼
Amounts payable17/49€36k€57k▲
Amounts payable within one year42/48€36k€57k▲
Trade debts44€3k€23k▲
Suppliers440/4€3k€23k▲
Taxes, remuneration and social security45€342€2k▲
Taxes450/3€342€2k▲
Other amounts payable47/48€33k€32k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69€333▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€757€674▼
Gross operating margin9900€-2k€-15k▼
Operating profit (loss)9901€-3k€-17k▼
Financial charges65/66B€740€757▲
Recurring financial charges65€740€757▲
Profit (loss) for the period before taxes9903€-4k€-18k▼
Income taxes67/77€342€292▼
Profit (loss) for the period9904€-4k€-19k▼
Profit (loss) for the period to be appropriated9905€-4k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-23k▼
Profit (loss) brought forward from the previous period14P€-158€-5k▼
The notes to these accounts (11 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €2k ▲10.8%
Operating result €3k, net result €2k, both a record.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 · 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.
Lotenhullestraat 299881 AalterGround area
2,274 m²
Building footprint
164 m²
Volume, LiDAR
1,028 m³
Parcel 44009C0344/00F000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESTIMA STABLES
since 20132.225.810.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44009C0344/00F000 | Flanders | 2,274 m² | 1 · 164 m² | 7.9 m · 2 fl. |
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.
Similar companies · same sector, comparable size
Marnick Van Miert
BE 1009.062.690
Oud-Turnhout · Eq €14,727
STOETERIJ GRAVENBOS
BE 0630.845.834
Grimbergen · Eq €14,635
DFGL
BE 0524.858.090
Pont-à-Celles · Eq €14,566
HORSES BY JU
BE 0800.517.739
Lasne · Eq €15,621
STAL 'DE BIEBOSSCHEN
BE 0460.813.445
Londerzeel · Eq €15,655
Of 1,957 companies in sector 01430 we hold annual accounts for 743. 389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2013
Fiscal year end30-09
Activities, NACEBEL 2025
01430Raising of horses and other equines
85510Sports and recreation education
93110Operation of sports facilities
93127Equestrian clubs
93199Other sports activities
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0478/ 45 47 93