AmphiStar
ActiveSummary
AmphiStar has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.5m and a net result of €168,581. Equity is growing by ~2099.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 226 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+71
Solvency100▲+88
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 14.91 against 3.48 in 2023; short-term debt: 5.8% and cash: 11.5% of total assets), and 17.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.7%
Return on assets
2.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
33 d early
2022
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€6.5m
2023 · -€152,608
Total assets
€7.9m▲ 584%
2023 · €1.2m
Net result
€168,581
2023 · -€217,889
Working capital
€6.4m▲ 859%
2023 · €668,880
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€50,316--€279,894▼ 456%€155,151
Net result-€34,719--€217,889▼ 528%€168,581
Equity€122,938--€152,608€6.5m
Total assets€435,176-€1.2m▲ 165%€7.9m▲ 584%
Debt€312,238-€1.3m▲ 319%€1.4m▲ 4.4%
Working capital-€50,321-€668,880€6.4m▲ 859%
Staff (FTE)0.34.8▲ 1,500%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +584% on 2023. Cause not known from the registers.
- 2023 Net result -528% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
- 2023 Total assets +165% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €155,151 after a loss of €279,894 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.9m
Fixed assets
€1.0m ▲ 370%
Current assets
€6.9m ▲ 633%
Equity and liabilities €7.9m
Equity
€6.5m
Debt
€1.4m
Debt finances 17.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€444,553▲
2023 · -€227,556
Cash flow
€457,983▲
2023 · -€165,551
Current ratio
14.91▲
2023 · 3.48
Debt to equity
0.21▲
2023 · -8.57
ROE
2.6%
ROA
2.1%▲
2023 · -18.9%
Interest coverage
22.58▲
2023 · -1764.41
Debt ≤ 1 year
€461,465▲
2023 · €269,270
Debt > 1 year
€0▼
2023 · €450,000
Income taxes
€5,574▲
2023 · -€2,652
Staff costs
€364,122▲
2023 · €12,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 74% 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 5,047 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €114 | €12,852 | €364,122 | ▲ 2,733% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,146 | €52,338 | €289,402 | ▲ 453% |
| Other operating charges640/8 | €1,724 | €516 | €691 | ▲ 33.9% |
| Gross operating margin9900 | -€28,333 | -€214,188 | €809,366 | ▲ 478% |
| Operating profit (loss)9901 | -€50,316 | -€279,894 | €155,151 | ▲ 155% |
| Financial income75/76B | €11,253 | €59,482 | €38,694 | ▼ 34.9% |
| Recurring financial income75 | €11,253 | €59,482 | €38,694 | ▼ 34.9% |
| Financial charges65/66B | €8 | €129 | €19,690 | ▲ 15,167% |
| Recurring financial charges65 | €8 | €129 | €19,690 | ▲ 15,167% |
| Profit (loss) for the period before taxes9903 | -€39,071 | -€220,541 | €174,155 | ▲ 179% |
| Income taxes67/77 | -€4,352 | -€2,652 | €5,574 | ▲ 310% |
| Profit (loss) for the period9904 | -€34,719 | -€217,889 | €168,581 | ▲ 177% |
| Profit (loss) for the period to be appropriated9905 | -€34,719 | -€217,889 | €168,581 | ▲ 177% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €435,176 | €1.2m | €7.9m | ▲ 584% |
| Fixed assets21/28 | €173,258 | €216,483 | €1.0m | ▲ 370% |
| Intangible fixed assets21 | €153,210 | €197,284 | €743,341 | ▲ 277% |
| Tangible fixed assets22/27 | €16,478 | €15,609 | €249,803 | ▲ 1,500% |
| Land and buildings22 | - | - | €7,325 | - |
| Plant, machinery and equipment23 | €7,223 | €8,239 | €236,994 | ▲ 2,777% |
| Furniture and vehicles24 | €840 | €666 | €493 | ▼ 26.1% |
| Other tangible fixed assets26 | €8,415 | €6,703 | €4,992 | ▼ 25.5% |
| Financial fixed assets28 | €3,571 | €3,591 | €24,091 | ▲ 571% |
| Current assets29/58 | €261,918 | €938,150 | €6.9m | ▲ 633% |
| Amounts receivable after more than one year29 | €4,352 | €7,004 | €23,159 | ▲ 231% |
| Other amounts receivable291 | €4,352 | €7,004 | €23,159 | ▲ 231% |
| Amounts receivable within one year40/41 | €84,528 | €65,534 | €228,632 | ▲ 249% |
| Trade receivables40 | €640 | €46,689 | €63,944 | ▲ 37.0% |
| Other amounts receivable41 | €83,888 | €18,845 | €164,689 | ▲ 774% |
| Current investments50/53 | - | - | €5.6m | - |
| Cash at bank and in hand54/58 | €169,628 | €859,341 | €911,756 | ▲ 6.1% |
| Deferred charges and accrued income490/1 | €3,410 | €6,270 | €114,776 | ▲ 1,731% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €435,176 | €1.2m | €7.9m | ▲ 584% |
| Equity10/15 | €122,938 | -€152,608 | €6.5m | ▲ 4,380% |
| Contributions10/11 | €100,000 | €100,000 | €6.6m | ▲ 6,515% |
| Profit (loss) carried forward14 | -€34,719 | -€252,608 | -€84,027 | ▲ 66.7% |
| Investment grants15 | €57,657 | €0 | - | - |
| Amounts payable17/49 | €312,238 | €1.3m | €1.4m | ▲ 4.4% |
| Amounts payable after more than one year17 | - | €450,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €450,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €312,238 | €269,270 | €461,465 | ▲ 71.4% |
| Trade debts44 | €195,357 | €266,784 | €357,533 | ▲ 34.0% |
| Suppliers440/4 | €195,357 | €266,784 | €357,533 | ▲ 34.0% |
| Taxes, remuneration and social security45 | €66,881 | €2,486 | €103,932 | ▲ 4,080% |
| Taxes450/3 | €66,881 | €0 | €21,844 | - |
| Remuneration and social security454/9 | - | €2,486 | €82,088 | ▲ 3,202% |
| Other amounts payable47/48 | €50,000 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €587,970 | €902,999 | ▲ 53.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,719 | -€217,889 | €168,581 | ▲ 177% |
| + Depreciation and write-downs630 | €20,146 | €52,338 | €289,402 | ▲ 453% |
| Operating cash flow (approximation) | -€14,573 | -€165,551 | €457,983 | ▲ 377% |
| Investment in fixed assets (approximation) | - | -€95,562 | -€1.1m | ▼ 1,041% |
| Change in cash | - | €689,714 | €52,415 | ▼ 92.4% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €168,581
Net result €168,581 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 14.91
Current ratio from 3.48 to 14.91.
31-12
Financial
Equity above €5mEq €6.5m
Equity rises from -€152,608 to €6.5m.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€217,889
Net result drops to -€217,889, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.48
Current ratio from 0.84 to 3.48; short-term debt falls from €312,238 to €269,270.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2021
Ground area
6,161 m²
Building footprint
1,560 m²
Parcel 44082B0667/00A000, Flanders. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
AmphiStar
since 20212.320.197.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0667/00A000 | Flanders | 6,161 m² | 1 · 1,560 m² | - |
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.
Structure & network
Owners and holdings
11 ownersOwners 11
- ECBF I SCSpLUSourceown accounts 202420.43%
- Wim Soetaertnatural personSourceown accounts 202417.43%
- Sophie Roelantsnatural personSourceown accounts 202414.75%
-
12.4%
-
12.4%
-
5.36%
- Bernd Everaertnatural personSourceown accounts 20245.36%
- Karolien Maesnatural personSourceown accounts 20245.36%
- Sofie de Maeseneirenatural personSourceown accounts 20245.36%
-
2.8%
Show 1 more owners
-
0.54%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
10.21%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of AmphiStar and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 484,013 EUR awarded · 109,673 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 361,533 EUR | 24,033 EUR |
| 2023 | 3 | 49,925 EUR | 16,730 EUR |
| 2022 | 1 | 72,555 EUR | 68,910 EUR |
European Union, budget
2025 · 1 entry · 2,499,999 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 2,499,999 EUR |
Projects
UPCYCLED BIOSURFACTANTS: TIME TO ACT!
European research
3 projects · 1 as coordinator · 3,703,760 EUR EU contributionProgrammes
Projects
Upcycled BioSURFACTants: time to ACT!
Safe and sustainable by design microbial and lignin-based biosurfactants sourced from sustainable feedstock for home, personal care and agrochemical application
Lactic acid and biosurfactants sourced from sustainable agricultural and industrial (food) WASTE feedstocks as novel FUNCtional ingredients for consumer products
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Of 762 companies in sector 72101 we hold annual accounts for 483. 179 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
Founded30-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771868491
Also
9925:BE0771868491
Registered
17-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.