Estive
ActiveSummary
Estive has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €74,834 and a net result of €65,834. Its solvency ranks better than 37% of 650 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-12-2024 Normal situation
- Activity
- Retail sale of household furniture NACE 47551and 4 others
- Establishment unit
- 2.367.564.716 4000 Liège, since 20-12-2024
- Financial year end
- 31 January
- Peppol
- Reachable since 15-12-2025
Board and ownership
- DEROUAUX Joachim François BaudouinDirector · since 20-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €168,071
- Turnover
- ≈ €950,000
- estimated
- Profit
- €65,834
- Equity
- €74,834
- Total assets
- €304,777
- Employees on 31-01-2026
- 3
Score breakdownraises riskFounded in 2024Sector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 1.05, cash €139,561Size: total assets €304,777Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 40% of them on solvency, 66% on liquidity and 89% on profitability.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 30-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-01-2026 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 1 |
| part-time | 2 |
| in full-time equivalents | 0 |
| Average over the year, in full-time equivalents | 1.4 |
| Joined | 9 |
| Left | 6 |
Source: social balance sheet in the 2026 annual accounts
Investments
| Item | 31-01-2026 |
|---|---|
| Tangible fixed assets | €45,035 |
| Intangible fixed assets | €35,457 |
| Financial fixed assets | €0 |
| Depreciation and write-downs of the year | €17,462 |
Source: notes to the 2026 annual accounts (statement of fixed assets)
| Line | 2026 |
|---|---|
| Remuneration, social security and pensions62 | €56,586 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,462 |
| Other operating charges640/8 | €1,465 |
| Non-recurring operating charges66A | €400 |
| Gross operating margin9900 | €168,071 |
| Operating profit (loss)9901 | €92,159 |
| Financial income75/76B | €306 |
| Recurring financial income75 | €306 |
| Financial charges65/66B | €1,346 |
| Recurring financial charges65 | €1,346 |
| Profit (loss) for the period before taxes9903 | €91,118 |
| Income taxes67/77 | €25,285 |
| Profit (loss) for the period9904 | €65,834 |
| Profit (loss) for the period to be appropriated9905 | €65,834 |
| Line | 2026 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €304,777 | |
| Fixed assets21/28 | €62,631 | |
| Intangible fixed assets21 | €29,812 | |
| Tangible fixed assets22/27 | €32,819 | |
| Plant, machinery and equipment23 | €17,796 | |
| Furniture and vehicles24 | €15,023 | |
| Current assets29/58 | €242,147 | |
| Stocks and contracts in progress3 | €88,681 | |
| Stocks30/36 | €88,681 | |
| Amounts receivable within one year40/41 | €12,809 | |
| Trade receivables40 | €7,154 | |
| Other amounts receivable41 | €5,656 | |
| Cash at bank and in hand54/58 | €139,561 | |
| Deferred charges and accrued income490/1 | €1,096 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €304,777 | |
| Equity10/15 | €74,834 | |
| Contributions10/11 | €9,000 | |
| Reserves13 | €65,834 | |
| Distributable reserves133 | €65,834 | |
| Amounts payable17/49 | €229,944 | |
| Amounts payable within one year42/48 | €229,944 | |
| Trade debts44 | €57,906 | |
| Suppliers440/4 | €57,906 | |
| Taxes, remuneration and social security45 | €42,973 | |
| Taxes450/3 | €33,666 | |
| Remuneration and social security454/9 | €9,307 | |
| Other amounts payable47/48 | €129,064 | |
| Line | 2026 |
|---|---|
| Profit (loss) for the period9904 | €65,834 |
| + Depreciation and write-downs630 | €17,462 |
| Operating cash flow (approximation) | €83,296 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,390 companies had the same profile as Estive has now. Two years later, 96.7% were still going and 1.2% had gone bankrupt.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Estive itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,390 companies, not a prediction for Estive. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-01-2026 | micro format | 30-07-2026 | 2026-00370903 |
Board & ownership
Directors
Owners and capital
Shareholders
- DEROUAUX Joachim François Baudouin 900 shares (100%) · €9,000 in cash
Capital transactions
- 24-12-2024 Incorporation · €9,000 · 900 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Droit égal dans la répartition des bénéfices et des produits de la liquidation, 900”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Lettre recommandée à l’organe d’administration, plus faible des deux prix”
Articles of association, deed of 24-12-2024 (in French)
Network & group
Estive shares no director with another company.
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of Estive. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-12
Gazette deed
IncorporationStarting capital €9,000 · Appointment: DEROUAUX Joachim François Baudouin (director) · Permanent representative: DEROUAUX Joachim François Baudouin · Founder10 points ▸
- Incorporation, “Estive” (deed in French)
- Founder, DEROUAUX Joachim François Baudouin
- Founding capital, €9,000
- Bank account, 9000, EUR
- Registered office clause, “4000 Liège, rue Fabry 12” (deed in French)
- Board rule, 1
- Director appointment, DEROUAUX Joachim François Baudouin (director (not named in the articles))
- Permanent representative, DEROUAUX Joachim François Baudouin (représentant permanent de la société)
- Other provision, “avertissements du notaire, contenu et conséquences de l'article 2:3 du Code des Sociétés et des Associations” (deed in French)
- Other provision, “capacité des comparants” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62805B0319/00V002 | Wallonia | 584 m² | 1 · 251 m² | 27.8 m · 8 |