A. STARCK
ActiveSummary
A. STARCK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,478 and a net result of €32,297. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-14
Solvency93▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 3.18 in 2024; short-term debt: 31.5% and cash: 71.6% of total assets), and 31.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.3%
Return on assets
12.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
60 d late
2023
27 d late
2022
30 d late
2021
31 d late
2020
61 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€180,478▲ 2.1%
2024 · €176,752
Total assets
€264,210▲ 6.8%
2024 · €247,500
Net result
€32,297▼ 44.9%
2024 · €58,646
Working capital
€159,398▲ 4.0%
2024 · €153,255
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,540▼ 20.6%€39,485▼ 16.9%€31,855▼ 19.3%€80,576▲ 153%€51,288▼ 36.3%
Net result€27,645above the sector's middle half▼ 28.6%€22,564within the sector's middle half▼ 18.4%€21,173within the sector's middle half▼ 6.2%€58,646above the sector's middle half▲ 177%€32,297above the sector's middle half▼ 44.9%
Equity€137,226above the sector's middle half▲ 8.3%€142,647above the sector's middle half▲ 4.0%€146,677above the sector's middle half▲ 2.8%€176,752above the sector's middle half▲ 20.5%€180,478above the sector's middle half▲ 2.1%
Total assets€212,679within the sector's middle half▼ 12.8%€190,499within the sector's middle half▼ 10.4%€209,233within the sector's middle half▲ 9.8%€247,500within the sector's middle half▲ 18.3%€264,210within the sector's middle half▲ 6.8%
Debt€75,453▼ 35.7%€47,852▼ 36.6%€62,556▲ 30.7%€70,748▲ 13.1%€83,732▲ 18.4%
Working capital€119,338above the sector's middle half▲ 32.0%€130,054above the sector's middle half▲ 9.0%€113,398above the sector's middle half▼ 12.8%€153,255above the sector's middle half▲ 35.1%€159,398above the sector's middle half▲ 4.0%
Solvency64.5%above the sector's middle half▲ 12.6pp74.9%above the sector's middle half▲ 10.4pp70.1%above the sector's middle half▼ 4.8pp71.4%above the sector's middle half▲ 1.3pp68.3%above the sector's middle half▼ 3.1pp
Current ratio2.59within the sector's middle half▲ 0.823.75above the sector's middle half▲ 1.162.83within the sector's middle half▼ 0.923.18above the sector's middle half▲ 0.352.92within the sector's middle half▼ 0.27
Return on assets (ROA)13.0%within the sector's middle half▼ 2.9pp11.8%within the sector's middle half▼ 1.2pp10.1%within the sector's middle half▼ 1.7pp23.7%above the sector's middle half▲ 13.6pp12.2%within the sector's middle half▼ 11.5pp
Staff (FTE)3.4=2.7▼ 20.6%2.4▼ 11.1%2.4=2.4=
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264,210
Fixed assets
€21,582 ▼ 10.1%
Current assets
€242,628 ▲ 8.6%
Equity and liabilities €264,210
Equity
€180,478 ▲ 2.1%
Debt
€83,732 ▲ 18.4%
Debt's share of the balance-sheet total rises from 28.6% to 31.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59,046▼
2024 · €92,572
Cash flow
€40,055▼
2024 · €70,642
Quick ratio
2.91▼
2024 · 3.17
Debt to equity
0.46▲
2024 · 0.40
ROE
17.9%▼
2024 · 33.2%
Interest coverage
24.80▼
2024 · 39.39
Debt ≤ 1 year
€83,230▲
2024 · €70,246
Income taxes
€17,131▼
2024 · €20,046
Staff costs
€65,505▼
2024 · €72,558
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €108,713 | €96,858 | €80,210 | €72,558 | €65,505 | ▼ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,481 | €11,326 | €7,951 | €11,996 | €7,758 | ▼ 35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €12,495 | - | -€12,495 | - |
| Other operating charges640/8 | €3,542 | €1,529 | €2,393 | €1,561 | €1,506 | ▼ 3.5% |
| Non-recurring operating charges66A | - | - | €2,450 | - | - | - |
| Gross operating margin9900 | €179,276 | €149,198 | €137,354 | €166,691 | €113,562 | ▼ 31.9% |
| Operating profit (loss)9901 | €47,540 | €39,485 | €31,855 | €80,576 | €51,288 | ▼ 36.3% |
| Financial income75/76B | €13 | €29 | €187 | €466 | €521 | ▲ 11.8% |
| Recurring financial income75 | €13 | €29 | €187 | €466 | €521 | ▲ 11.8% |
| Financial charges65/66B | €2,407 | €3,018 | €2,364 | €2,350 | €2,381 | ▲ 1.3% |
| Recurring financial charges65 | €2,407 | €3,018 | €2,364 | €2,350 | €2,381 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €45,146 | €36,496 | €29,678 | €78,692 | €49,428 | ▼ 37.2% |
| Income taxes67/77 | €17,501 | €13,932 | €8,505 | €20,046 | €17,131 | ▼ 14.5% |
| Profit (loss) for the period9904 | €27,645 | €22,564 | €21,173 | €58,646 | €32,297 | ▼ 44.9% |
| Profit (loss) for the period to be appropriated9905 | €27,645 | €22,564 | €21,173 | €58,646 | €32,297 | ▼ 44.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212,679 | €190,499 | €209,233 | €247,500 | €264,210 | ▲ 6.8% |
| Fixed assets21/28 | €18,389 | €13,162 | €33,780 | €23,999 | €21,582 | ▼ 10.1% |
| Tangible fixed assets22/27 | €18,389 | €13,162 | €33,780 | €23,999 | €21,582 | ▼ 10.1% |
| Plant, machinery and equipment23 | €1,847 | €4,159 | €6,931 | €5,008 | €6,365 | ▲ 27.1% |
| Furniture and vehicles24 | €15,820 | €8,642 | €26,849 | €18,991 | €14,776 | ▼ 22.2% |
| Other tangible fixed assets26 | €722 | €361 | - | - | €441 | - |
| Current assets29/58 | €194,290 | €177,337 | €175,453 | €223,501 | €242,628 | ▲ 8.6% |
| Stocks and contracts in progress3 | €2,200 | €850 | €1,500 | €500 | €600 | ▲ 20.0% |
| Stocks30/36 | €2,200 | €850 | €1,500 | €500 | €600 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €96,584 | €70,933 | €73,420 | €65,667 | €50,311 | ▼ 23.4% |
| Trade receivables40 | €89,950 | €70,321 | €66,703 | €57,176 | €40,365 | ▼ 29.4% |
| Other amounts receivable41 | €6,634 | €612 | €6,717 | €8,491 | €9,946 | ▲ 17.1% |
| Cash at bank and in hand54/58 | €91,843 | €102,087 | €97,196 | €154,829 | €189,163 | ▲ 22.2% |
| Deferred charges and accrued income490/1 | €3,663 | €3,467 | €3,337 | €2,505 | €2,554 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212,679 | €190,499 | €209,233 | €247,500 | €264,210 | ▲ 6.8% |
| Equity10/15 | €137,226 | €142,647 | €146,677 | €176,752 | €180,478 | ▲ 2.1% |
| Contributions10/11 | €95,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Reserves13 | €33,500 | €45,500 | €51,500 | €63,500 | €83,500 | ▲ 31.5% |
| Non-distributable reserves130/1 | €9,500 | €9,500 | - | - | - | - |
| Reserves not available under the articles1311 | €9,500 | €9,500 | - | - | - | - |
| Distributable reserves133 | €24,000 | €36,000 | €51,500 | €63,500 | €83,500 | ▲ 31.5% |
| Profit (loss) carried forward14 | €8,726 | €2,147 | €177 | €18,252 | €1,978 | ▼ 89.2% |
| Amounts payable17/49 | €75,453 | €47,852 | €62,556 | €70,748 | €83,732 | ▲ 18.4% |
| Amounts payable within one year42/48 | €74,952 | €47,283 | €62,055 | €70,246 | €83,230 | ▲ 18.5% |
| Trade debts44 | €12,556 | €8,082 | €7,400 | €9,107 | €11,738 | ▲ 28.9% |
| Suppliers440/4 | €12,556 | €8,082 | €7,400 | €9,107 | €11,738 | ▲ 28.9% |
| Taxes, remuneration and social security45 | €45,253 | €22,058 | €37,512 | €32,568 | €42,921 | ▲ 31.8% |
| Taxes450/3 | €36,168 | €14,936 | €23,393 | €20,914 | €38,341 | ▲ 83.3% |
| Remuneration and social security454/9 | €9,085 | €7,122 | €14,119 | €11,654 | €4,580 | ▼ 60.7% |
| Other amounts payable47/48 | €17,143 | €17,143 | €17,143 | €28,571 | €28,571 | = |
| Accrued charges and deferred income492/3 | €501 | €569 | €501 | €502 | €502 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,645 | €22,564 | €21,173 | €58,646 | €32,297 | ▼ 44.9% |
| + Depreciation and write-downs630 | €19,481 | €11,326 | €7,951 | €11,996 | €7,758 | ▼ 35.3% |
| Operating cash flow (approximation) | €47,126 | €33,890 | €29,124 | €70,642 | €40,055 | ▼ 43.3% |
| Investment in fixed assets (approximation) | - | -€6,099 | -€28,569 | -€2,215 | -€5,341 | ▼ 141% |
| Change in cash | - | €10,244 | -€4,891 | €57,633 | €34,334 | ▼ 40.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €58,646 ▲177%
Operating result €80,576, net result €58,646, both a record.
31-12
Financial
Equity above €150,000Eq €176,752 ▲20.5%
7 profitable years in a row build equity to €176,752.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herve · 1 establishment unit since 1995
Ground area
635 m²
Building footprint
149 m²
Volume, LiDAR
821 m³
Parcel 63006D0301/00M000, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tchepson 3, 4800 Verviers
since 19952.069.755.415
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0301/00M000 | Wallonia | 635 m² | 1 · 149 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 12,320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43310Plastering work
43320Joinery installation
43910Bricklaying and masonry work
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453845974
Also
9925:BE0453845974
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.