ESTRO
ActiveSummary
ESTRO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €701k and a net result of €30k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-45
Solvency90▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.34 in 2024; short-term debt: 12% and cash: 9.9% of total assets), and 34.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
65.2%
Return on assets
2.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
39 d early
2023
34 d early
2022
48 d early
2021
35 d early
2020
19 d early
2019
23 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€701k▲ 4.5%
2024 · €670k
2019: €95klowest in 7 years
2020: €314k▲ +231% vs 2019
2021: €377k▲ +20.1% vs 2020
2022: €447k▲ +18.6% vs 2021
2023: €580k▲ +29.9% vs 2022
2024: €670k▲ +15.5% vs 2023
2025: €701k▲ +4.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.08M▼ 9.2%
2024 · €1.18M
2019: €450klowest in 7 years
2020: €1.15M▲ +156% vs 2019
2021: €1.18M▲ +2.2% vs 2020
2022: €1.18M▲ +0.7% vs 2021
2023: €1.17M▼ -0.9% vs 2022
2024: €1.18M▲ +1.0% vs 2023highest in 7 years
2025: €1.08M▼ -9.2% vs 2024
2019 → 2025
Net result
€30k▼ 66.4%
2024 · €90k
2019: €-8klowest in 7 years
2020: €219k▲ +2805% vs 2019highest in 7 years
2021: €63k▼ -71.2% vs 2020
2022: €70k▲ +11.1% vs 2021
2023: €134k▲ +90.5% vs 2022
2024: €90k▼ -32.6% vs 2023
2025: €30k▼ -66.4% vs 2024
2019 → 2025
Working capital
€-3k
2024 · €42k
2019: €30k
2020: €41k▲ +35.3% vs 2019
2021: €8k▼ -81.5% vs 2020
2022: €14k▲ +85.8% vs 2021
2023: €59k▲ +324% vs 2022highest in 7 years
2024: €42k▼ -29.3% vs 2023
2025: €-3k▼ -106% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€377k-€447k▲ 18.6%€580k▲ 29.9%€670k▲ 15.5%€701k▲ 4.5%
2021: €377klowest in 5 years
2022: €447k▲ +18.6% vs 2021
2023: €580k▲ +29.9% vs 2022
2024: €670k▲ +15.5% vs 2023
2025: €701k▲ +4.5% vs 2024highest in 5 years
Operating result€10k-€22k▲ 115%€83k▲ 278%€41k▼ 50.7%€-18k
2021: €10k
2022: €22k▲ +115% vs 2021
2023: €83k▲ +278% vs 2022highest in 5 years
2024: €41k▼ -50.7% vs 2023
2025: €-18k▼ -145% vs 2024lowest in 5 years
Net result€63k-€70k▲ 11.1%€134k▲ 90.5%€90k▼ 32.6%€30k▼ 66.4%
2021: €63k
2022: €70k▲ +11.1% vs 2021
2023: €134k▲ +90.5% vs 2022highest in 5 years
2024: €90k▼ -32.6% vs 2023
2025: €30k▼ -66.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €41k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€915k ▼ 6.9%
Current assets
€127k ▼ 22.8%
Equity and liabilities €1.08M
Equity
€701k ▲ 4.5%
Debt
€375k ▼ 27.2%
Debt's share of the balance-sheet total falls from 43.4% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▼
2024 · €52k
Cash flow
€52k▼
2024 · €102k
Current ratio
0.98▼
2024 · 1.34
Debt to equity
0.53▼
2024 · 0.77
ROE
4.3%▼
2024 · 13.4%
ROA
2.8%▼
2024 · 7.6%
Interest coverage
0.29▼
2024 · 5.04
Debt ≤ 1 year
€129k▲
2024 · €123k
Debt > 1 year
€245k▼
2024 · €392k
Income taxes
€5k▼
2024 · €17k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€1.08M▼
Formation expenses20€37k€33k▼
Fixed assets21/28€983k€915k▼
Tangible fixed assets22/27€376k€308k▼
Land and buildings22€269k€258k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€50k€0▼
Other tangible fixed assets26€44k€39k▼
Financial fixed assets28€607k€607k=
Current assets29/58€164k€127k▼
Amounts receivable within one year40/41€7k€17k▲
Trade receivables40€595€3k▲
Other amounts receivable41€6k€14k▲
Cash at bank and in hand54/58€157k€107k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.08M▼
Equity10/15€670k€701k▲
Contributions10/11€20k€20k=
Reserves13€260k€285k▲
Distributable reserves133€260k€285k▲
Profit (loss) carried forward14€390k€395k▲
Amounts payable17/49€514k€375k▼
Amounts payable after more than one year17€392k€245k▼
Financial debts170/4€392k€230k▼
Other amounts payable178/9-€15k
Amounts payable within one year42/48€123k€129k▲
Current portion of amounts payable after more than one year42€99k€93k▼
Financial debts43€8k€6k▼
Credit institutions430/8€8k€6k▼
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€10k€3k▼
Taxes450/3€10k€3k▼
Other amounts payable47/48-€17k
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€22k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€12k
Gross operating margin9900€54k€18k▼
Operating profit (loss)9901€41k€-18k▼
Financial income75/76B€76k€65k▼
Recurring financial income75€76k€65k▼
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€107k€35k▼
Income taxes67/77€17k€5k▼
Profit (loss) for the period9904€90k€30k▼
Profit (loss) for the period to be appropriated9905€90k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€440k€420k▼
Profit (loss) brought forward from the previous period14P€350k€390k▲
Transfer to equity691/2€50k€25k▼
To contributions691-€0
To other reserves6921€50k€25k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €74k | €7k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €4k | €12k | €22k | ▲ 85.9% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €2k | ▲ 11.4% |
| Non-recurring operating charges66A | - | - | - | - | €12k | - |
| Gross operating margin9900 | €44k | €101k | €95k | €54k | €18k | ▼ 67.6% |
| Operating profit (loss)9901 | €10k | €22k | €83k | €41k | €-18k | ▼ 145% |
| Financial income75/76B | - | €74k | €87k | €76k | €65k | ▼ 14.9% |
| Recurring financial income75 | €74k | €74k | €74k | €76k | €65k | ▼ 14.9% |
| Non-recurring financial income76B | - | - | €13k | - | - | - |
| Financial charges65/66B | - | €12k | €12k | €10k | €11k | ▲ 9.7% |
| Recurring financial charges65 | €14k | €12k | €12k | €10k | €11k | ▲ 9.7% |
| Profit (loss) for the period before taxes9903 | €71k | €84k | €157k | €107k | €35k | ▼ 67.1% |
| Income taxes67/77 | €8k | €13k | €24k | €17k | €5k | ▼ 70.6% |
| Profit (loss) for the period9904 | €63k | €70k | €134k | €90k | €30k | ▼ 66.4% |
| Profit (loss) for the period to be appropriated9905 | €63k | €70k | €134k | €90k | €30k | ▼ 66.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.18M | €1.18M | €1.17M | €1.18M | €1.08M | ▼ 9.2% |
| Formation expenses20 | €26k | €24k | €41k | €37k | €33k | ▼ 10.6% |
| Fixed assets21/28 | €1.03M | €1.01M | €945k | €983k | €915k | ▼ 6.9% |
| Tangible fixed assets22/27 | €311k | €300k | €338k | €376k | €308k | ▼ 18.1% |
| Land and buildings22 | - | €291k | €280k | €269k | €258k | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €8k | €5k | €13k | €11k | ▼ 16.1% |
| Furniture and vehicles24 | - | €446 | €6k | €50k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €983 | €47k | €44k | €39k | ▼ 10.6% |
| Financial fixed assets28 | €714k | €714k | €607k | €607k | €607k | = |
| Current assets29/58 | €123k | €145k | €186k | €164k | €127k | ▼ 22.8% |
| Amounts receivable within one year40/41 | €6k | €6k | €5k | €7k | €17k | ▲ 144% |
| Trade receivables40 | - | €3k | €2k | €595 | €3k | ▲ 413% |
| Other amounts receivable41 | - | €3k | €3k | €6k | €14k | ▲ 119% |
| Cash at bank and in hand54/58 | €117k | €64k | €181k | €157k | €107k | ▼ 32.2% |
| Deferred charges and accrued income490/1 | - | €74k | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.18M | €1.18M | €1.17M | €1.18M | €1.08M | ▼ 9.2% |
| Equity10/15 | €377k | €447k | €580k | €670k | €701k | ▲ 4.5% |
| Contributions10/11 | - | €19k | €20k | €20k | €20k | = |
| Reserves13 | €132k | €162k | €210k | €260k | €285k | ▲ 9.6% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €160k | €210k | €260k | €285k | ▲ 9.6% |
| Profit (loss) carried forward14 | €226k | €266k | €350k | €390k | €395k | ▲ 1.3% |
| Amounts payable17/49 | €798k | €736k | €592k | €514k | €375k | ▼ 27.2% |
| Amounts payable after more than one year17 | €682k | €605k | €465k | €392k | €245k | ▼ 37.4% |
| Financial debts170/4 | - | €605k | €465k | €392k | €230k | ▼ 41.2% |
| Other amounts payable178/9 | - | - | - | - | €15k | - |
| Amounts payable within one year42/48 | €116k | €131k | €127k | €123k | €129k | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | - | €89k | €90k | €99k | €93k | ▼ 6.2% |
| Financial debts43 | - | €5k | €7k | €8k | €6k | ▼ 22.8% |
| Credit institutions430/8 | - | €5k | €7k | €8k | €6k | ▼ 22.8% |
| Trade debts44 | €6k | €11k | €8k | €5k | €10k | ▲ 86.6% |
| Suppliers440/4 | - | €11k | €8k | €5k | €10k | ▲ 86.6% |
| Taxes, remuneration and social security45 | - | €25k | €22k | €10k | €3k | ▼ 67.4% |
| Taxes450/3 | - | €9k | €22k | €10k | €3k | ▼ 67.4% |
| Remuneration and social security454/9 | - | €15k | - | - | - | - |
| Other amounts payable47/48 | - | €683 | €77 | - | €17k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €70k | €134k | €90k | €30k | ▼ 66.4% |
| + Depreciation and write-downs630 | €3k | €4k | €4k | €12k | €22k | ▲ 85.9% |
| Operating cash flow (approximation) | €66k | €74k | €138k | €102k | €52k | ▼ 49.0% |
| Investment in fixed assets (approximation) | - | €7k | €65k | €-50k | €46k | ▲ 193% |
| Change in cash | - | €-53k | €117k | €-24k | €-51k | ▼ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €500kEq €580k ▲29.9%
4 profitable years in a row build equity to €580k.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €219k
Net result €219k after one loss-making year.
30-06
Financial
Equity above €200kEq €314k ▲231%
Equity rises from €95k to €314k.
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-12
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Halle · 1 establishment unit since 2003
Ground area
3,558 m²
Building footprint
1,145 m²
Volume, LiDAR
53 m³
Parcel 23413H0019/00F000, Flanders · tallest building 2.0 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ESTRO
since 20032.134.954.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23413H0019/00F000 | Flanders | 3,558 m² | 1 · 1,145 m² | 2.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 31,565 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2003
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.