ESTL
ESTL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.72M and a net result of €260k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 1580 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €2.72M |
| Net result | €260k |
| Staff (FTE) | 11.6 |
| Better than sector | 73% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.4% | 43.9% | |
| Net result | €260k | €18k | |
| Equity | €2.72M | €190k | |
| Gross operating margin | €1.37M | €85k | |
| Staff costs | €801k | €191k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €538k | €630k | €579k | €672k | €632k |
| Net profit | €260k | €404k | €385k | €473k | €609k |
| Cash flow | €439k | €495k | €461k | €543k | €661k |
| Staff costs | €801k | €726k | €640k | €590k | - |
| Income taxes | €113k | €101k | €97k | €117k | €90k |
| Dividends | €120k | €294k | €60k | €60k | €60k |
| Total assets | €3.92M | €4.71M | €3.86M | €3.50M | €3.61M |
| Equity | €2.72M | €2.60M | €2.52M | €2.31M | €1.92M |
| Debt | €1.20M | €2.11M | €1.34M | €1.19M | €1.69M |
| of which ≤ 1y | €1.20M | €2.11M | €1.34M | €1.19M | €1.69M |
| of which > 1y | - | - | - | - | - |
| Working capital | €1.77M | €1.72M | €2.32M | €2.08M | €1.65M |
| Employees (FTE) | 11.6 | 10.5 | 9.3 | 11.8 | 12.9 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.48 | 1.81 | 2.73 | 2.75 | 1.98 |
| Quick ratio | 1.92 | 1.51 | 2.29 | 2.43 | 1.80 |
| Working capital ratio | 45.1% | 36.5% | 60.1% | 59.4% | 45.8% |
| Solvency | 69.4% | 55.2% | 65.3% | 66.0% | 53.2% |
| Debt / equity | 0.44 | 0.81 | 0.53 | 0.51 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 44.07 | 10.55 | 14.48 | 23.96 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 6.6% | 8.6% | 10.0% | 13.5% | 16.9% |
| ROE | 9.6% | 15.5% | 15.3% | 20.5% | 31.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.92M | €4.71M | €3.86M | €3.50M | €3.61M |
| Fixed assets | 21/28 | €951k | €884k | €204k | €234k | €266k |
| Intangible fixed assets | 21 | - | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €951k | €884k | €194k | €224k | €256k |
| Financial fixed assets | 28 | €0 | €150 | €10k | €10k | €10k |
| Current assets | 29/58 | €2.97M | €3.83M | €3.65M | €3.27M | €3.35M |
| Stocks & contracts in progress | 3 | €671k | €651k | €598k | €381k | €304k |
| Amounts receivable within one year | 40/41 | €949k | €1.14M | €956k | €1.39M | €1.22M |
| Investments | 50/53 | €222k | €222k | €268k | €373k | €244k |
| Cash & bank | 54/58 | €1.02M | €1.04M | €1.07M | €1.09M | €1.29M |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.92M | €4.71M | €3.86M | €3.50M | €3.61M |
| Equity | 10/15 | €2.72M | €2.60M | €2.52M | €2.31M | €1.92M |
| Contributions / capital | 10/11 | €64k | €64k | €64k | €79k | €72k |
| Reserves | 13 | €2.65M | €2.54M | €2.46M | €2.23M | €1.76M |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 | €88k |
| Amounts payable | 17/49 | €1.20M | €2.11M | €1.34M | €1.19M | €1.69M |
| Amounts payable within one year | 42/48 | €1.20M | €2.11M | €1.34M | €1.19M | €1.69M |
| Trade debts payable within one year | 44 | €308k | €457k | €161k | €302k | €747k |
| Income statement | ||||||
| Gross operating margin | 9900 | €1.37M | €1.40M | €1.23M | €1.28M | €1.21M |
| Operating result | 9901 | €359k | €540k | €503k | €601k | €580k |
| Financial income | 75 | €26k | €25k | €19k | €17k | €2k |
| Financial charges | 65 | €12k | €60k | €40k | €28k | €12k |
| Result before taxes | 9903 | €373k | €505k | €482k | €591k | €571k |
| Income taxes | 67/77 | €113k | €101k | €97k | €117k | €90k |
| Net result for the period | 9904 | €260k | €404k | €385k | €473k | €481k |
| Result to be appropriated | 9905 | €365k | €404k | €527k | €665k | €461k |
-
JDCoLegal entityDirector· perm. rep.: Dendauw JelleState Gazette act 22377677 (01-12-2022)Current01-12-2022 → present
2 events
- 01-12-2022 Resigned· Director
- 01-12-2022 Appointed· Director
-
KBCoLegal entityDirector· perm. rep.: Baeyens KristofState Gazette act 22377677 (01-12-2022)Current01-12-2022 → present
2 events
- 01-12-2022 Resigned· Director
- 01-12-2022 Appointed· Director
Former directors (1)
-
Marc JuwetDirectorState Gazette act 22080544 (07-07-2022)Former- → 22-04-2022
| NACE primary | Engineering and related technical consultancy, excluding land surveyors(71121) |
| Legal form | Public limited company(014) |
| Incorporation | 17-09-2009 |
| Status | Active |
| Postal code | 9800 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B1128/00A000 | Flanders | 3,322 m² | - | - |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
20-08-2024 Registered office moved from Deerlijk to Deinze
- Wafelstraat 46, 8540 Deerlijk → 9800 Deinze, Prijkelhoek 24
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}01-12-2022 2 directors appointed, 3 resigning
- Dendauw Jelle, Bestuurder
- Baeyens Kristof, Bestuurder
- Dendauw Jelle, Bestuurder
- Baeyens Kristof, Bestuurder
- Dendauw Filiep, Bestuurder
Technical details
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}07-07-2022 Marc Juwet resigns as director
- Marc Juwet, Bestuurder
Technical details
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}| Legal nameNL | ESTL |