ACTIVE

ESTERO

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Financial year 2025 · closed on 31/12/2025

Net result

32,1 k €

+204.9% YoY

Gross margin

451,7 k €

+20.0% YoY

Equity

205 k €

+18.6% YoY

What does ESTERO do?

ESTERO is a Private limited company incorporated in 2013. Its main activity is: Real estate agencies. Its registered office is in Erpe-Mere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0540.978.403

Incorporation

21/10/2013

Legal form

Private limited company

Registered office

Oudenaardsesteenweg 314
9420 Erpe-Mere · FlandreSee on map

Contributed capital

6 210,00 €

Latest accounts

31/12/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 41101Development of building projects 68121Buying and selling of own real estate 68322Management of real estate on a fee or contract basis 74999Other professional, scientific and technical activities n.e.c.+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	451,7 k €	+20.0%	376,5 k €	+45.0%	259,7 k €	+34.5%	193,1 k €	+2.6%	188,2 k €	+17.7%	159,9 k €	+1696%	8,9 k €	-65.9%	26,1 k €	+18.3%	22,1 k €	+234%	6,6 k €	-63.6%	18,1 k €	+548%	-4 k €
EBITDA	85,6 k €	+63.2%	52,5 k €	+47.9%	35,5 k €	+11.4%	31,8 k €	-62.6%	85,1 k €	-29.2%	120,1 k €	+1335%	8,4 k €	-66.8%	25,2 k €	+17.2%	21,5 k €	+259%	6 k €	-65.8%	17,5 k €	+357%	-6,8 k €
Operating result	49,6 k €	+95.5%	25,4 k €	+209%	8,2 k €	-51.6%	16,9 k €	-78.2%	77,8 k €	-32.9%	116 k €	+1794%	6,1 k €	-73.4%	23,1 k €	+14.6%	20,1 k €	+289%	5,2 k €	-70.5%	17,5 k €	+357%	-6,8 k €
Net result	32,1 k €	+205%	10,5 k €	+2850%	357,3 €	-94.2%	6,2 k €	-87.0%	47,4 k €	-36.4%	74,6 k €	+32105%	231,5 €	-98.3%	13,6 k €	+25.2%	10,9 k €	+384%	2,2 k €	-82.2%	12,6 k €	+285%	-6,8 k €
Balance sheet
Equity	205 k €	+18.6%	172,8 k €	+6.5%	162,3 k €	+0.2%	161,9 k €	+4.0%	155,8 k €	+37.2%	113,6 k €	+191%	39 k €	+0.6%	38,8 k €	+54.2%	25,2 k €	+76.2%	14,3 k €	+18.7%	12 k €	+2043%	-619 €
Total assets	624 k €	+48.3%	420,9 k €	-6.5%	450,2 k €	+37.9%	326,5 k €	-37.7%	523,7 k €	+111%	247,7 k €	+17.4%	211 k €	+53.6%	137,3 k €	+2.5%	134 k €	+471%	23,5 k €	+0.8%	23,3 k €	+1802%	1,2 k €
Cash	240,9 k €	+108%	116,1 k €	+74.0%	66,7 k €	+6.0%	63 k €	-28.4%	87,9 k €	+1370%	6 k €	-86.5%	44,2 k €	+588%	6,4 k €	-55.4%	14,4 k €	-21.1%	18,2 k €	-19.9%	22,8 k €	+4973%	449 €
Debts	419 k €	+68.9%	248 k €	-13.8%	287,8 k €	+74.9%	164,5 k €	-55.3%	367,9 k €	+174%	134,1 k €	-22.0%	172 k €	+74.5%	98,6 k €	-9.5%	108,9 k €	+1086%	9,2 k €	-18.3%	11,2 k €	+510%	1,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

ATELIER TALO

Director · since 01 juin 2025 · 0681.544.863

Represented by Thomas De Pelsmacker

Active

LAMA Estate

Director · since 01 juin 2025 · 1005.128.450

Represented by Mathias Van Oost

Active

Laurent Raes

Director · since 19 octobre 2023

Active

Ended mandates

Mathias Van Oost

Director · since 19 octobre 2023

Ended

Thomas De Pelsmacker

Director · since 19 octobre 2023

Ended

Laurent Raes

Director

Ended

Mathias Van Oost

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Celafix● Active	0753.825.206
LAMA Estate● Active	1005.128.450
MeerWaarde● Active	1029.121.203
ServiceGo● Active	1035.055.425

Annual accounts

Full financial information

	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	16/07/2026	28/05/2025	03/07/2024	26/06/2023	25/07/2022	24/08/2021
General meeting	27/06/2026	21/05/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	21/05/2025	28/05/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	26/06/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	25/07/2022	Dutch	PDF
Micro model	31/12/2020	26/06/2021	24/08/2021	Dutch	PDF
Micro model	31/12/2019	27/06/2020	02/09/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	03/07/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	29/06/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

ATELIER TALO

Director · since 01 juin 2025 · 0681.544.863

Represented by Thomas De Pelsmacker

Active

LAMA Estate

Director · since 01 juin 2025 · 1005.128.450

Represented by Mathias Van Oost

Active

Laurent Raes

Director · since 19 octobre 2023

Active

Ended mandates

Mathias Van Oost

Director · since 19 octobre 2023

Ended

Thomas De Pelsmacker

Director · since 19 octobre 2023

Ended

Laurent Raes

Director

Ended

Mathias Van Oost

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office20/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Other30/10/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202532,1 k €↑
2024
Annual accounts 202410,5 k €↑
2023
Annual accounts 2023357,3 €↓
2022
Annual accounts 20226,2 k €↓
2021
Annual accounts 202147,4 k €↓
2020
Annual accounts 202074,6 k €↑
2019
Annual accounts 2019231,5 €↓
2018
Annual accounts 201813,6 k €↑
2017
Annual accounts 201710,9 k €↑
2016
Annual accounts 20162,2 k €↓
2015
Annual accounts 201512,6 k €↑
2014
Annual accounts 2014-6,8 k €
21/10/2013
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ESTERO

Overview

What does ESTERO do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline