Financials
Financial year 2025
ESTUSA from Izegem, company number BE0872165503, closed financial year 2025 with a result of € 68,715 after tax. For that financial year ESTUSA recorded a gross margin of € 165,169 and equity of € 630,659. Compared with financial year 2024, the result moved from € 73,853 to € 68,715. The company is profitable. 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 January 30, 2026.
€ 630,659
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 68,715
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 43,130
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,718 paid out
3 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 188,978
▼ 29% vs 2024
€ 53,288 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 7,829
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,967
▼ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 181,148 | € 172,343 | € 175,965 | € 165,169 | ▼ 6% |
| Profit after taxes | € 80,856 | € 78,898 | € 73,853 | € 68,715 | ▼ 7% |
| Equity | € 412,577 | € 491,475 | € 563,662 | € 630,659 | ▲ 12% |
| Total debts | € 477,107 | € 389,327 | € 302,910 | € 214,061 | ▼ 29% |
| Cash | € 22,353 | € 34,365 | € 32,087 | € 43,130 | ▲ 34% |
| Land & buildings | € 847,130 | € 798,632 | € 782,419 | € 734,075 | ▼ 6% |
| Retained profit | € 393,977 | € 472,875 | € 545,062 | € 612,059 | ▲ 12% |
| Dividend | € 0 | € 0 | € 1,666 | € 1,718 | ▲ 3% |
| Bank debt | € 447,960 | € 353,755 | € 267,061 | € 188,978 | ▼ 29% |
| Balance sheet total | € 889,684 | € 880,802 | € 866,572 | € 844,720 | ▼ 3% |
Key figures of ESTUSA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ESTUSA?
What happened at ESTUSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 68,715 (▼ 7% vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,856 profit in 2022 to € 68,715 profit in 2025.
Paid € 124,565 in corporate taxes since 2022.
Best year ever: 2022, with € 80,856 profit.
Paid out € 3,384 in dividends to the owners in total.
Management
Behind ESTUSA are Bart Pannier and Hilde Muylle. Bart Pannier is also behind ADFISC.
Directors
According to the 2025 annual accounts
Hilde Muylle
Bestuurder
Establishments
Establishment units
Physical locations of this company
Populierenstraat 9
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0872.165.503
- VAT number
- BE 0872.165.503
- Registered office
- Populierenstraat 9, 8870 Izegem
- Names & denominations
- ESTUSA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Managementactiviteiten van holdings
Holdings