Electrostar
ActiveSummary
The computed 12-month bankruptcy probability of Electrostar is 1.6% (moderate). The 2025 annual accounts show negative equity (-€68,513) and a net result of -€5,990. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 7833 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-76
Solvency0=
Growth58=
Track record86
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.11 in 2024; short-term debt: 646.2% and cash: 4.2% of total assets), and equity is negative.
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Signals
Six 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-546.2%
Return on assets
-47.8%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€68,513
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
228 d late
2023
593 d late
2022
959 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 445 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€68,513▼ 9.6%
2024 · -€62,524
Total assets
€12,543▼ 27.9%
2024 · €17,406
Net result
-€5,990
2024 · €995
Working capital
-€72,554▼ 1.7%
2024 · -€71,367
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line2022202320242025
Operating result-€47,450--€6,117▲ 87.1%€1,285-€5,789
Net result-€60,085below the sector's middle half--€6,434below the sector's middle half▲ 89.3%€995within the sector's middle half-€5,990below the sector's middle half
Equity-€57,085below the sector's middle half--€63,519below the sector's middle half▼ 11.3%-€62,524below the sector's middle half▲ 1.6%-€68,513below the sector's middle half▼ 9.6%
Total assets€28,327below the sector's middle half-€21,658below the sector's middle half▼ 23.5%€17,406below the sector's middle half▼ 19.6%€12,543below the sector's middle half▼ 27.9%
Debt€85,413-€85,177▼ 0.3%€79,930▼ 6.2%€81,056▲ 1.4%
Working capital-€65,790below the sector's middle half--€72,467below the sector's middle half▼ 10.1%-€71,367below the sector's middle half▲ 1.5%-€72,554below the sector's middle half▼ 1.7%
Solvency-201.5%below the sector's middle half--293.3%below the sector's middle half▼ 91.8pp-359.2%below the sector's middle half▼ 65.9pp-546.2%below the sector's middle half▼ 187.0pp
Current ratio0.13below the sector's middle half-0.10below the sector's middle half▼ 0.030.11below the sector's middle half▲ 0.010.10below the sector's middle half=
Return on assets (ROA)-212.1%below the sector's middle half--29.7%below the sector's middle half▲ 182.4pp5.7%within the sector's middle half▲ 35.4pp-47.8%below the sector's middle half▼ 53.5pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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 turns negative in 2025: a loss of €5,789 after €1,285 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,543
Fixed assets
€4,040 ▼ 54.3%
Current assets
€8,503 ▼ 0.7%
Key figures and ratios
EBITDA
-€987▼
2024 · €6,088
Cash flow
-€1,187▼
2024 · €5,798
Debt to equity
-1.18▲
2024 · -1.28
Interest coverage
-4.93▼
2024 · 21.02
Debt ≤ 1 year
€81,056▲
2024 · €79,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 6,038 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 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,452 | €4,803 | €4,803 | €4,803 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €25,925 | €0 | -€25,925 | €0 | ▲ 100% |
| Other operating charges640/8 | €705 | €900 | €26,025 | €349 | ▼ 98.7% |
| Gross operating margin9900 | -€14,369 | -€414 | €6,188 | -€638 | ▼ 110% |
| Operating profit (loss)9901 | -€47,450 | -€6,117 | €1,285 | -€5,789 | ▼ 551% |
| Financial income75/76B | €176 | €0 | - | - | - |
| Recurring financial income75 | €176 | €0 | - | - | - |
| Financial charges65/66B | €804 | €317 | €290 | €200 | ▼ 30.9% |
| Recurring financial charges65 | €804 | €317 | €290 | €200 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | -€48,079 | -€6,434 | €995 | -€5,990 | ▼ 702% |
| Income taxes67/77 | €12,007 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€60,085 | -€6,434 | €995 | -€5,990 | ▼ 702% |
| Profit (loss) for the period to be appropriated9905 | -€60,085 | -€6,434 | €995 | -€5,990 | ▼ 702% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28,327 | €21,658 | €17,406 | €12,543 | ▼ 27.9% |
| Fixed assets21/28 | €18,448 | €13,646 | €8,843 | €4,040 | ▼ 54.3% |
| Tangible fixed assets22/27 | €18,448 | €13,646 | €8,843 | €4,040 | ▼ 54.3% |
| Furniture and vehicles24 | €16,814 | €12,188 | €7,563 | €2,938 | ▼ 61.2% |
| Other tangible fixed assets26 | €1,635 | €1,457 | €1,280 | €1,103 | ▼ 13.9% |
| Current assets29/58 | €9,879 | €8,012 | €8,563 | €8,503 | ▼ 0.7% |
| Amounts receivable within one year40/41 | €8,409 | €7,635 | €7,635 | €7,973 | ▲ 4.4% |
| Trade receivables40 | €7,635 | €7,635 | €7,635 | €7,839 | ▲ 2.7% |
| Other amounts receivable41 | €774 | €0 | - | €134 | - |
| Cash at bank and in hand54/58 | €1,470 | €377 | €928 | €530 | ▼ 42.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28,327 | €21,658 | €17,406 | €12,543 | ▼ 27.9% |
| Equity10/15 | -€57,085 | -€63,519 | -€62,524 | -€68,513 | ▼ 9.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€60,085 | -€66,519 | -€65,524 | -€71,513 | ▼ 9.1% |
| Amounts payable17/49 | €85,413 | €85,177 | €79,930 | €81,056 | ▲ 1.4% |
| Amounts payable after more than one year17 | €9,744 | €4,698 | €0 | - | - |
| Financial debts170/4 | €9,744 | €4,698 | €0 | - | - |
| Amounts payable within one year42/48 | €75,669 | €80,479 | €79,930 | €81,056 | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €4,966 | €5,046 | €4,698 | €0 | ▼ 100% |
| Trade debts44 | €20,080 | €20,583 | €11,513 | €12,584 | ▲ 9.3% |
| Suppliers440/4 | €20,080 | €20,583 | €11,513 | €12,584 | ▲ 9.3% |
| Advances received on contracts in progress46 | €1,557 | €1,557 | €1,557 | €1,557 | = |
| Taxes, remuneration and social security45 | - | €126 | €960 | €960 | = |
| Taxes450/3 | - | €126 | €0 | - | - |
| Remuneration and social security454/9 | - | - | €960 | €960 | = |
| Other amounts payable47/48 | €49,066 | €53,167 | €61,202 | €65,956 | ▲ 7.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,085 | -€6,434 | €995 | -€5,990 | ▼ 702% |
| + Depreciation and write-downs630 | €6,452 | €4,803 | €4,803 | €4,803 | = |
| Operating cash flow (approximation) | -€53,634 | -€1,631 | €5,798 | -€1,187 | ▼ 120% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€1,093 | €551 | -€398 | ▼ 172% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
13-02
KBO administration
Strikeout withdrawn
event 14-12-2025
2025
14-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 228 days late
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 593 days late
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 959 days late
2024
30-09
Financial
Back to profitnet €995
Net result €995 after 2 loss-making years.
SignalFinancial 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, Malle · 1 establishment unit since 2020
Ground area
1,252 m²
Building footprint
176 m²
Volume, LiDAR
140 m³
Parcel 11049B0642/00F002, Flanders · tallest building 6.1 m. Linked by address, not a title deed.
1 establishment unit
Electrostar
since 20202.312.573.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0642/00F002 | Flanders | 1,252 m² | 1 · 176 m² | 6.1 m |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760409724
Registered
16-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.