PIANOS ESTHER
0431.956.440 · rovalta.com · 25/09/2026
ACTIVE
PIANOS ESTHER
Financial year 2025 · Closed on 31/12/2025
Net result27,2 k €+27,9 %over 1 year
Gross margin31,7 k €+13,0 %over 1 year
Equity27,9 k €+3 878,6 %over 1 year
Overview
Identity
Source · BCE/KBOPIANOS ESTHER is a Public limited company incorporated in 1987. Its registered office is in Liège.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0431.956.440
- Incorporation
- 10/09/1987
- Legal form
- Public limited company
- Registered office
- Rue des Carmes 18
4000 Liège · WallonieSee on map - Contributed capital
- 62 000,00 €
- Latest accounts
- 31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 21 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 31,7 k € | +13.0% | 28,1 k € | -22.2% | 36,1 k € | -18.0% | 44 k € | +147% | 17,8 k € |
| EBITDA | 29,7 k € | +12.2% | 26,5 k € | -23.3% | 34,5 k € | -20.5% | 43,4 k € | +165% | 16,4 k € |
| Operating result | 29,2 k € | +12.2% | 26 k € | -23.8% | 34,2 k € | -20.8% | 43,1 k € | +167% | 16,1 k € |
| Net result | 27,2 k € | +27.9% | 21,2 k € | -24.9% | 28,3 k € | -22.2% | 36,3 k € | +250% | 10,4 k € |
| Balance sheet | |||||||||
| Equity | 27,9 k € | +3879% | 700,3 € | +103% | -20,5 k € | +57.9% | -48,8 k € | +42.7% | -85,2 k € |
| Total assets | 77,5 k € | -5.3% | 81,9 k € | +7.7% | 76 k € | +13.0% | 67,3 k € | +58.4% | 42,5 k € |
| Cash | 3,1 k € | +25.0% | 2,5 k € | +21.6% | 2 k € | -26.1% | 2,8 k € | +363% | 593,4 € |
| Debts | 49,7 k € | -38.8% | 81,2 k € | -15.9% | 96,6 k € | -16.8% | 116,1 k € | -9.0% | 127,7 k € |
Valuation
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 20 ended
Active mandates
Anne-Frédérique Esther
ActiveCarl-Frédéric Esther
ActiveFreddy Esther
ActiveEnded mandates
Anne-Frédérique Esther
EndedCarl-Frédéric Esther
EndedFreddy Esther
EndedAnne-Frédérique Esther
EndedFinancials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/08/2026 | 01/07/2025 | 01/08/2024 | 28/09/2023 | 29/09/2022 | 30/08/2021 |
| General meeting | 26/06/2026 | 27/06/2025 | 28/06/2024 | 20/09/2023 | 24/06/2022 | 25/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 21 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 26/06/2026 | 28/08/2026 | French | |
| Micro model | 31/12/2024 | 27/06/2025 | 01/07/2025 | French | |
| Micro model | 31/12/2023 | 28/06/2024 | 01/08/2024 | French | |
| Micro model | 31/12/2022 | 20/09/2023 | 28/09/2023 | French | |
| Micro model | 31/12/2021 | 24/06/2022 | 29/09/2022 | French | |
| Micro model | 31/12/2020 | 25/06/2021 | 30/08/2021 | French | |
| Micro model | 31/12/2019 | 26/06/2020 | 06/11/2020 | French | |
| Micro model | 31/12/2018 | 28/06/2019 | 30/09/2019 | French | |
| Micro model | 31/12/2017 | 22/06/2018 | 28/08/2018 | French | |
| Micro model | 31/12/2016 | 30/06/2017 | 28/08/2017 | French | |
| Abridged model | 31/12/2015 | 24/06/2016 | 31/08/2016 | French | |
| Abridged model | 31/12/2014 | 26/06/2015 | 26/08/2015 | French | |
| Abridged model | 31/12/2013 | 27/06/2014 | 25/07/2014 | French | |
| Abridged modelCorrection | 31/12/2012 | 28/06/2013 | 13/11/2013 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 14/08/2013 | French | |
| Abridged model | 31/12/2011 | 22/06/2012 | 28/08/2012 | French | |
| Abridged model | 31/12/2010 | 24/06/2011 | 30/08/2011 | French | |
| Abridged model | 31/12/2009 | 25/06/2010 | 22/07/2010 | French | |
| Abridged model | 31/12/2008 | 26/06/2009 | 26/08/2009 | French | |
| Abridged model | 31/12/2007 | 27/06/2008 | 25/08/2008 | French | |
| Abridged model | 31/12/2006 | 22/06/2007 | 21/08/2007 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20253 active · 20 ended
Active mandates
Anne-Frédérique Esther
ActiveCarl-Frédéric Esther
ActiveFreddy Esther
ActiveEnded mandates
Anne-Frédérique Esther
EndedCarl-Frédéric Esther
EndedFreddy Esther
EndedAnne-Frédérique Esther
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates11/09/2024DEMISSIONS, NOMINATIONS
- Mandates30/01/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
- Mandates20/09/2018DEMISSIONS, NOMINATIONS
- Mandates18/09/2012DEMISSIONS, NOMINATIONS
- Mandates06/07/2006DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202527,2 k €↑
- 2024Annual accounts 202421,2 k €↓
- 2023Annual accounts 202328,3 k €↓
- 2022Annual accounts 202236,3 k €↑
- 2021Annual accounts 202110,4 k €↑
- 2021Name changeESTHER
- 2020Annual accounts 20206,4 k €↑
- 2019Annual accounts 2019769,7 €↓
- 2018Annual accounts 20185,6 k €↓
- 2017Annual accounts 201711,4 k €↑
- 2016Annual accounts 20163,6 k €↑
- 2015Annual accounts 2015-7,5 k €↓
- 2014Annual accounts 2014-2,6 k €↓
- 2013Annual accounts 20136,7 k €↑
- 2012Annual accounts 2012-379,1 €↓
- 2011Annual accounts 2011716,4 €↓
- 2010Annual accounts 20104 k €↑
- 2009Annual accounts 2009-13,6 k €↓
- 2008Annual accounts 20083,8 k €↑
- 2007Annual accounts 2007-4,2 k €↑
- 2006Annual accounts 2006-20,3 k €
- 2006Name changeSA PIANOS ESTHER
- 10/09/1987IncorporationPublic limited company