BELLE STAR
ActiveBELLE STAR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €10k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+4
Solvency55▲+9
Growth50=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.76 in 2024; short-term debt: 39.6% and cash: 6.9% of total assets), but 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
30.1%
Return on assets
7.1%
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 17-08-2026, 17 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
17 d late
2024
3 d early
2023
7 d early
2022
8 d late
2021
19 d late
2020
30 d late
2019
63 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€579k▲ 42.8%
2021 · €406k
2018: €500k
2019: €478k
2020: €426k
2021: €406k
2018 → 2022
EBIT margin
0.8%▲ 0.4pp
2021 · 0.4%
2018: 6.4%
2019: 10.1%
2020: 1.2%
2021: 0.4%
2018 → 2022
Net result
€10k▲ 47.0%
2024 · €7k
2018: €24k
2019: €42k
2020: €4k
2021: €1k
2022: €4k
2023: €11k
2024: €7k
2018 → 2025
Working capital
€60k▲ 15.0%
2024 · €52k
2018: €65k
2019: €78k
2020: €47k
2021: €30k
2022: €31k
2023: €42k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€406k-€579k▲ 42.8%
Equity€13k-€17k▲ 27.1%€26k▲ 58.5%€33k▲ 26.3%€43k▲ 30.6%
Operating result€2k-€5k▲ 203%€14k▲ 203%€9k▼ 35.2%€10k▲ 12.7%
Net result€1k-€4k▲ 226%€11k▲ 205%€7k▼ 36.0%€10k▲ 47.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€27k▼ 20.7%
Current assets
€117k▼ 3.2%
Equity and liabilities €144k
Equity
€43k▲ 30.6%
Debt
€100k▼ 17.3%
The debt ratio falls from 78.5% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €18k
Cash flow
€18k▲
2024 · €15k
Solvency
30.1%▲
2024 · 21.5%
Current ratio
2.06▲
2024 · 1.76
Quick ratio
1.90▲
2024 · 1.68
Debt / equity
2.32▼
2024 · 3.66
ROE
23.4%▲
2024 · 20.8%
ROA
7.1%▲
2024 · 4.5%
Interest coverage
11.61▲
2024 · 11.34
Debt
€100k▼
2024 · €122k
Debt ≤ 1 year
€57k▼
2024 · €69k
Debt > 1 year
€44k▼
2024 · €53k
Income taxes
€5k▲
2024 · €2k
Staff costs
€74k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€155k€144k▼
Fixed assets21/28€34k€27k▼
Tangible fixed assets22/27€33k€26k▼
Furniture and vehicles24€33k€26k▼
Financial fixed assets28€1k€1k=
Current assets29/58€121k€117k▼
Stocks and contracts in progress3€6k€9k▲
Stocks30/36€6k€9k▲
Amounts receivable within one year40/41€87k€98k▲
Other amounts receivable41€87k€98k▲
Cash at bank and in hand54/58€29k€10k▼
Equity and liabilities
Total equity and liabilities10/49€155k€144k▼
Equity10/15€33k€43k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€27k€37k▲
Amounts payable17/49€122k€100k▼
Amounts payable after more than one year17€53k€44k▼
Financial debts170/4€27k€17k▼
Other amounts payable178/9€26k€26k=
Amounts payable within one year42/48€69k€57k▼
Trade debts44€59k€48k▼
Suppliers440/4€59k€48k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€4k€4k▼
Remuneration and social security454/9€5k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€10k€3k▼
Gross operating margin9900€67k€96k▲
Operating profit (loss)9901€9k€10k▲
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€9k€15k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€7k€10k▲
Profit (loss) for the period to be appropriated9905€7k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€37k▲
Profit (loss) brought forward from the previous period14P€20k€27k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 13.61
Current ratio from 3.69 to 13.61; short-term debt falls from €11k to €2k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Weakest financial yearnet €1k ▼69.6%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 63 days late
2019
31-12
Financial
Highest result since 2018net €42k ▲78.5%
Operating result €48k, net result €42k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 11.53
Current ratio from 3.72 to 11.53; short-term debt falls from €24k to €7k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-11-2025
BALRAJ SINGH DHERI: Resigned as Director
06-11-2025
SINGH Surinder pal: Resigned as Director
18-04-2013
ORNEK Hassan: Resigned as Manager
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergense Steenweg 10231070 AnderlechtGround area
170 m²
Building footprint
83 m²
Volume, LiDAR
679 m³
Parcel 21308H0665/00E003, Brussels · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bergense Steenweg 1023, 1070 Anderlecht
since 20072.162.654.194
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0665/00E003 | Brussels | 170 m² | 1 · 83 m² | 15.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.162.654.194
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,597 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2007
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
47252Retail sale of beverages, general range
47260Retail trade
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.