ESTVIN
ActiveSummary
The annual accounts of ESTVIN for fiscal year 2025 show a net loss of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €1,063 and a net result of -€12,387. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 11472 sector peers (fiscal year 2025). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9=
Solvency26▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.99 against 1.08 in 2024; short-term debt: 99.3% and cash: 1.7% of total assets), and 99.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
0.7%
Return on assets
-8.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,387
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11472 sector peers (2025).
NBB · sector comparisonPosition among 11472 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
25 d late
2023
1 d late
2022
24 d early
2021
12 d late
2020
1 d early
2019
45 d early
← 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 before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,063▼ 92.1%
2024 · €13,450
Total assets
€153,096▲ 0.3%
2024 · €152,641
Net result
-€12,387▲ 0.8%
2024 · -€12,488
Working capital
-€805
2024 · €11,048
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,599€1,976▼ 92.6%€53▼ 97.3%-€3,328-€3,742▼ 12.4%
Net result€20,721-€4,438-€8,097▼ 82.5%-€12,488▼ 54.2%-€12,387▲ 0.8%
Equity€38,472▲ 117%€34,035▼ 11.5%€25,938▼ 23.8%€13,450▼ 48.1%€1,063▼ 92.1%
Total assets€198,373▲ 13.4%€177,402▼ 10.6%€166,099▼ 6.4%€152,641▼ 8.1%€153,096▲ 0.3%
Debt€159,901▲ 1.7%€143,368▼ 10.3%€140,162▼ 2.2%€139,191▼ 0.7%€152,032▲ 9.2%
Working capital€34,471▲ 127%€30,566▼ 11.3%€23,002▼ 24.7%€11,048▼ 52.0%-€805
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 €3,742 in 2025 against €3,328 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 €153,096
Fixed assets
€1,869 ▼ 22.2%
Current assets
€151,227 ▲ 0.7%
Equity and liabilities €153,096
Equity
€1,063 ▼ 92.1%
Debt
€152,032 ▲ 9.2%
Debt's share of the balance-sheet total rises from 91.2% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,208▼
2024 · -€2,795
Cash flow
-€11,853▲
2024 · -€11,955
Current ratio
0.99▼
2024 · 1.08
Quick ratio
0.19▲
2024 · 0.15
ROA
-8.1%▲
2024 · -8.2%
Interest coverage
-0.37▼
2024 · -0.29
Debt ≤ 1 year
€152,032▲
2024 · €139,191
Income taxes
€313▼
2024 · €323
A ratio outside any meaningful range has been withheld (balance sheet total €153,096, equity €1,063).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €749 | €533 | €533 | €533 | €533 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,089 | - | - | - | - |
| Other operating charges640/8 | €1,058 | €1,070 | €1,496 | €1,385 | €946 | ▼ 31.7% |
| Gross operating margin9900 | €28,406 | €4,669 | €2,082 | -€1,410 | -€2,263 | ▼ 60.4% |
| Operating profit (loss)9901 | €26,599 | €1,976 | €53 | -€3,328 | -€3,742 | ▼ 12.4% |
| Financial income75/76B | €218 | €175 | €4 | €913 | €361 | ▼ 60.5% |
| Recurring financial income75 | €218 | €175 | €4 | €913 | €361 | ▼ 60.5% |
| Financial charges65/66B | €5,516 | €6,297 | €7,842 | €9,750 | €8,693 | ▼ 10.8% |
| Recurring financial charges65 | €5,516 | €6,297 | €7,842 | €9,750 | €8,693 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €21,300 | -€4,146 | -€7,785 | -€12,165 | -€12,074 | ▲ 0.7% |
| Income taxes67/77 | €579 | €291 | €312 | €323 | €313 | ▼ 3.2% |
| Profit (loss) for the period9904 | €20,721 | -€4,438 | -€8,097 | -€12,488 | -€12,387 | ▲ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €20,721 | -€4,438 | -€8,097 | -€12,488 | -€12,387 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,373 | €177,402 | €166,099 | €152,641 | €153,096 | ▲ 0.3% |
| Fixed assets21/28 | €4,002 | €3,468 | €2,935 | €2,402 | €1,869 | ▼ 22.2% |
| Tangible fixed assets22/27 | €4,002 | €3,468 | €2,935 | €2,402 | €1,869 | ▼ 22.2% |
| Land and buildings22 | €4,002 | €3,468 | €2,935 | €2,402 | €1,869 | ▼ 22.2% |
| Current assets29/58 | €194,372 | €173,934 | €163,164 | €150,239 | €151,227 | ▲ 0.7% |
| Stocks and contracts in progress3 | €157,114 | €152,962 | €127,572 | €129,044 | €122,931 | ▼ 4.7% |
| Stocks30/36 | €157,114 | €152,962 | €127,572 | €129,044 | €122,931 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €31,479 | €16,438 | €30,545 | €17,078 | €23,281 | ▲ 36.3% |
| Trade receivables40 | €30,834 | €15,793 | €29,900 | €16,433 | €23,281 | ▲ 41.7% |
| Other amounts receivable41 | €645 | €645 | €645 | €645 | - | - |
| Cash at bank and in hand54/58 | €3,528 | €2,243 | €2,390 | €1,417 | €2,675 | ▲ 88.7% |
| Deferred charges and accrued income490/1 | €2,252 | €2,290 | €2,657 | €2,700 | €2,340 | ▼ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,373 | €177,402 | €166,099 | €152,641 | €153,096 | ▲ 0.3% |
| Equity10/15 | €38,472 | €34,035 | €25,938 | €13,450 | €1,063 | ▼ 92.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €9,526 | €9,526 | €9,526 | €9,526 | €9,526 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €7,667 | €7,667 | €7,667 | €7,667 | €7,667 | = |
| Profit (loss) carried forward14 | €10,354 | €5,916 | -€2,180 | -€14,668 | -€27,055 | ▼ 84.4% |
| Amounts payable17/49 | €159,901 | €143,368 | €140,162 | €139,191 | €152,032 | ▲ 9.2% |
| Amounts payable within one year42/48 | €159,901 | €143,368 | €140,162 | €139,191 | €152,032 | ▲ 9.2% |
| Current portion of amounts payable after more than one year42 | €2,191 | - | - | - | - | - |
| Financial debts43 | €110,478 | €99,867 | €92,818 | €99,102 | €94,736 | ▼ 4.4% |
| Credit institutions430/8 | €110,478 | €99,867 | €92,818 | €99,102 | €94,736 | ▼ 4.4% |
| Trade debts44 | €13,956 | €15,351 | €17,705 | €9,923 | €21,529 | ▲ 117% |
| Suppliers440/4 | €13,956 | €15,351 | €17,705 | €9,923 | €21,529 | ▲ 117% |
| Taxes, remuneration and social security45 | €15,768 | €12,758 | €12,136 | €11,701 | €11,792 | ▲ 0.8% |
| Taxes450/3 | €15,768 | €12,758 | €12,136 | €11,701 | €11,792 | ▲ 0.8% |
| Other amounts payable47/48 | €17,508 | €15,391 | €17,503 | €18,465 | €23,976 | ▲ 29.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,721 | -€4,438 | -€8,097 | -€12,488 | -€12,387 | ▲ 0.8% |
| + Depreciation and write-downs630 | €749 | €533 | €533 | €533 | €533 | = |
| Operating cash flow (approximation) | €21,470 | -€3,904 | -€7,564 | -€11,955 | -€11,853 | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,285 | €146 | -€972 | €1,258 | ▲ 229% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€12,488
Net result drops to -€12,488, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Back to profitnet €20,721
Net result €20,721 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5,513
Net result €5,513 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bütgenbach · 1 establishment unit since 1982
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.
Weywertz,Brunnenstrasse 84750 Bütgenbach1 establishment unit
Weywertz,Brunnenstrasse 8, 4750 Bütgenbach
since 19822.034.973.985
Recognitions · licences · registrations
Food safety, FASFC
1 siteBütgenbach/Butgenbach2.034.973.985
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Of 1,049 companies in sector 46341 we hold annual accounts for 535. 73 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
Founded01-07-1982
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
46350Wholesale trade
47252Retail sale of beverages, general range
47260Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423093115
Also
9925:BE0423093115
Registered
09-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.