ACTIVE

ESTHEDA

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Financial year 2025 · closed on 31/12/2025

Net result

47,5 k €

+354.3% YoY

Gross margin

199,1 k €

+54.2% YoY

Equity

266,8 k €

+21.6% YoY

What does ESTHEDA do?

ESTHEDA is a Private limited company incorporated in 2005. Its registered office is in Bekkevoort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.925.467

Incorporation

22/03/2005

Legal form

Private limited company

Registered office

Eugeen Coolsstraat 30
3460 Bekkevoort · FlandreSee on map

Contributed capital

134 000,00 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	199,1 k €	+54.2%	129,1 k €	+9.0%	118,4 k €	+10.8%	106,9 k €	-3.9%	111,2 k €	+29.2%	86,1 k €	-1.5%	87,5 k €	+23.1%	71 k €	-8.0%	77,2 k €	-3.3%	79,8 k €	-11.3%	90 k €	-1.5%	91,4 k €	+4.3%	87,6 k €	-11.2%	98,6 k €	+13.7%	86,7 k €	-2.2%	88,7 k €	+30.3%	68,1 k €	+55.8%	43,7 k €
EBITDA	185,3 k €	+63.2%	113,6 k €	+7.6%	105,6 k €	+11.0%	95,2 k €	+2.2%	93,1 k €	+31.0%	71 k €	-10.2%	79,1 k €	+25.9%	62,9 k €	-14.1%	73,2 k €	+2.0%	71,8 k €	-12.5%	82 k €	-1.7%	83,4 k €	+4.2%	80 k €	-12.4%	91,3 k €	+15.0%	79,4 k €	-2.4%	81,4 k €	+27.7%	63,7 k €	+66.6%	38,3 k €
Operating result	58 k €	+406%	-18,9 k €	-242%	13,4 k €	-69.2%	43,4 k €	+19.1%	36,5 k €	+153%	14,4 k €	+24.1%	11,6 k €	-57.2%	27,1 k €	-28.9%	38,2 k €	-3.8%	39,7 k €	+12.7%	35,2 k €	-3.8%	36,6 k €	+7.8%	34 k €	-34.9%	52,2 k €	+70.3%	30,6 k €	-8.1%	33,3 k €	+112%	15,7 k €	+25.2%	12,6 k €
Net result	47,5 k €	+354%	-18,7 k €	-330%	8,1 k €	-71.8%	28,8 k €	+27.4%	22,6 k €	+332%	5,2 k €	+290%	1,3 k €	-88.6%	11,8 k €	-46.2%	22 k €	-0.8%	22,1 k €	+47.3%	15 k €	+8.7%	13,8 k €	+271%	3,7 k €	-84.9%	24,7 k €	+2392%	989,5 €	-86.2%	7,2 k €	+143%	-16,5 k €	-97.4%	-8,4 k €
Balance sheet
Equity	266,8 k €	+21.6%	219,3 k €	-7.8%	238 k €	+3.5%	229,9 k €	+14.3%	201 k €	+12.7%	178,4 k €	+3.0%	173,2 k €	+0.8%	171,8 k €	+7.4%	160 k €	+15.9%	138 k €	+19.1%	115,9 k €	+14.9%	100,9 k €	+15.9%	87 k €	+4.5%	83,3 k €	+42.0%	58,7 k €	+1.7%	57,7 k €	+14.2%	50,5 k €	-24.7%	67 k €
Total assets	2,7 M €	-2.4%	2,7 M €	+21.5%	2,3 M €	+29.4%	1,7 M €	+7.7%	1,6 M €	+3.7%	1,6 M €	-3.3%	1,6 M €	+40.7%	1,1 M €	+11.6%	1 M €	+7.3%	957,3 k €	-3.1%	988 k €	-4.2%	1 M €	-3.1%	1,1 M €	+11.3%	956,2 k €	-2.4%	980,3 k €	-4.1%	1 M €	-4.0%	1,1 M €	+7.3%	992,9 k €
Cash	61 k €	-4.1%	63,6 k €	+302%	15,8 k €	+34.4%	11,8 k €	-32.6%	17,5 k €	+137%	7,4 k €	-52.9%	15,6 k €	-36.4%	24,6 k €	+33.3%	18,4 k €	+1.0%	18,2 k €	+21.6%	15 k €	+61.5%	9,3 k €	+72.7%	5,4 k €	-78.3%	24,8 k €	+56.0%	15,9 k €	+45.5%	10,9 k €	+63.8%	6,7 k €	-83.6%	40,7 k €
Debts	2,4 M €	-4.5%	2,5 M €	+25.0%	2 M €	+33.3%	1,5 M €	+6.8%	1,4 M €	+2.5%	1,4 M €	-4.0%	1,4 M €	+47.7%	974,4 k €	+12.4%	866,9 k €	+5.8%	819,3 k €	-6.1%	872,1 k €	-6.3%	930,6 k €	-4.8%	977,6 k €	+12.0%	872,9 k €	-5.3%	921,6 k €	-4.4%	964,2 k €	-5.0%	1 M €	+9.6%	925,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

Daniëlla Van Kelecom

Director

Active

Theo Tuteleers

Director

Active

Ended mandates

Theo Tuteleers

Manager · since 22 mars 2005

Ended

At this address

Other companies at this address

Company	CBE no.
ESTHEDA T & D● Active	0502.272.829

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	19/06/2026	17/07/2025	27/06/2024	30/03/2023	29/07/2022	21/06/2021
General meeting	11/06/2026	29/06/2025	13/06/2024	24/03/2023	09/06/2022	10/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	19/06/2026	Dutch	PDF
Micro model	31/12/2024	29/06/2025	17/07/2025	Dutch	PDF
Micro model	31/12/2023	13/06/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	24/03/2023	30/03/2023	Dutch	PDF
Micro model	31/12/2021	09/06/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	10/06/2021	21/06/2021	Dutch	PDF
Micro model	31/12/2019	11/06/2020	16/06/2020	Dutch	PDF
Micro model	31/12/2018	13/06/2019	16/08/2019	Dutch	PDF
Micro model	31/12/2017	14/06/2018	20/06/2018	Dutch	PDF
Micro model	31/12/2016	08/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	16/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	14/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 2 active · 1 ended

Active mandates

Daniëlla Van Kelecom

Director

Active

Theo Tuteleers

Director

Active

Ended mandates

Theo Tuteleers

Manager · since 22 mars 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/04/2020
ONTSLAGEN - BENOEMINGEN - BOEKJAAR - WIJZIGING RECHTSVORM
PDF
Other25/04/2005
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 202547,5 k €↑
2024
Annual accounts 2024-18,7 k €↓
2023
Annual accounts 20238,1 k €↓
2022
Annual accounts 202228,8 k €↑
2021
Annual accounts 202122,6 k €↑
2020
Annual accounts 20205,2 k €↑
2019
Annual accounts 20191,3 k €↓
2018
Annual accounts 201811,8 k €↓
2017
Annual accounts 201722 k €↓
2016
Annual accounts 201622,1 k €↑
2015
Annual accounts 201515 k €↑
2014
Annual accounts 201413,8 k €↑
2013
Annual accounts 20133,7 k €↓
2012
Annual accounts 201224,7 k €↑
2011
Annual accounts 2011989,5 €↓
2010
Annual accounts 20107,2 k €↑
2009
Annual accounts 2009-16,5 k €↓
2008
Annual accounts 2008-8,4 k €
22/03/2005
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

ESTHEDA

Overview

What does ESTHEDA do?

Trend over 18 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