ESTYTECH
ActiveSummary
ESTYTECH has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,929) and a net result of -€4,857. Its solvency ranks better than 5% of 20,840 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €4,576 in 2025 against €8,866 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 7,639 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,510 | €151 | ▼ 90.0% |
| Other operating charges640/8 | - | €66 | - |
| Gross operating margin9900 | -€7,356 | -€4,359 | ▲ 40.7% |
| Operating profit (loss)9901 | -€8,866 | -€4,576 | ▲ 48.4% |
| Financial charges65/66B | €205 | €281 | ▲ 37.2% |
| Recurring financial charges65 | €205 | €281 | ▲ 37.2% |
| Profit (loss) for the period before taxes9903 | -€9,071 | -€4,857 | ▲ 46.5% |
| Profit (loss) for the period9904 | -€9,071 | -€4,857 | ▲ 46.5% |
| Profit (loss) for the period to be appropriated9905 | -€9,071 | -€4,857 | ▲ 46.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5,229 | €2,694 | ▼ 48.5% |
| Fixed assets21/28 | €443 | €291 | ▼ 34.2% |
| Tangible fixed assets22/27 | €443 | €291 | ▼ 34.2% |
| Furniture and vehicles24 | €443 | €291 | ▼ 34.2% |
| Current assets29/58 | €4,786 | €2,403 | ▼ 49.8% |
| Amounts receivable within one year40/41 | €1,269 | €77 | ▼ 93.9% |
| Other amounts receivable41 | €1,269 | €77 | ▼ 93.9% |
| Cash at bank and in hand54/58 | €3,517 | €2,326 | ▼ 33.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5,229 | €2,694 | ▼ 48.5% |
| Equity10/15 | -€7,071 | -€11,929 | ▼ 68.7% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€9,071 | -€13,929 | ▼ 53.5% |
| Amounts payable17/49 | €12,300 | €14,623 | ▲ 18.9% |
| Amounts payable within one year42/48 | €12,300 | €14,623 | ▲ 18.9% |
| Trade debts44 | - | €323 | - |
| Suppliers440/4 | - | €323 | - |
| Other amounts payable47/48 | €12,300 | €14,300 | ▲ 16.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€9,071 | -€4,857 | ▲ 46.5% |
| + Depreciation and write-downs630 | €1,510 | €151 | ▼ 90.0% |
| Operating cash flow (approximation) | -€7,561 | -€4,706 | ▲ 37.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€1,191 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.