Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ESTINE from Tongeren-Borgloon, company number BE0429361590, closed financial year 2025 with a result of € 132,577 after tax. For that financial year ESTINE recorded a gross margin of € 115,407 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 41,398 to € 132,577. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 1.8 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 132,577
▲ 220% vs 2024
Profit after tax over the fiscal year.
€ 815,930
▲ 105% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 532,606.
People and assets in 2025
€ 71,509
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 806,000
Loans from banks and other lenders, long and short.
€ 15,698
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,621 | € 73,164 | € 10,898 | € 115,407 | ▲ € 104,510 |
| Profit after taxes | € 34,062 | € 22,061 | € 41,398 | € 132,577 | ▲ 220% |
| Equity | € 7,684,939 | € 7,706,999 | € 1,639,368 | € 1,771,944 | ▲ 8% |
| Total debts | € 958,061 | € 292,480 | € 3,780,466 | € 3,260,566 | ▼ 14% |
| Cash | € 1,654,445 | € 404,344 | € 398,977 | € 815,930 | ▲ 105% |
| Land & buildings | € 1,958,571 | € 1,962,173 | € 3,208,528 | € 2,965,035 | ▼ 8% |
| Retained profit | € 5,750,939 | € 5,772,999 | € 400,029 | € 532,606 | ▲ 33% |
| Bank debt | € 900,000 | € 200,000 | € 806,000 | € 806,000 | |
| Balance sheet total | € 8,689,311 | € 8,045,790 | € 5,466,145 | € 5,078,821 | ▼ 7% |
Key figures of ESTINE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ESTINE?
What happened at ESTINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arthur Broux stepped down as director. NBB
- Jozef Broux stepped down as director. NBB
- Angélique Broux stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 132,577 (▲ 220% vs 2024). Source: NBB ↗
- Arthur Broux became a director. NBB
- Jozef Broux became a director. NBB
- Angélique Broux became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
In short
From € 34,062 profit in 2022 to € 132,577 profit in 2025.
Paid € 1,939 in corporate taxes since 2022.
Best year ever: 2025, with € 132,577 profit.
Management
The stake of De Clee comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ESTINEThe shares are held by De Clee (100%).
Directors
According to the 2025 annual accounts
Arthur Broux
Managing director
since 2022 · until 2028
since 2022 · until 2028
Angélique Broux
Director
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kleestraat 18
3840 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.361.590
- VAT number
- BE 0429.361.590
- Registered office
- Kleestraat 18, 3840 Tongeren-Borgloon
- Names & denominations
- ESTINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 1986
- Peppol
- Active · Active since 29 Oct 2025