GStar
ActiveSummary
The computed 12-month bankruptcy probability of GStar is 2.3% (moderate). The 2025 annual accounts show equity of €16,368 and a net result of €546. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 28374 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,546 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,546 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €648 | €118 | €520 | ▲ 340% |
| Non-recurring operating charges66A | - | - | €0 | - |
| Gross operating margin9900 | €16,789 | €4,345 | €1,672 | ▼ 61.5% |
| Operating profit (loss)9901 | €16,142 | €4,227 | €1,153 | ▼ 72.7% |
| Financial income75/76B | €0 | €50 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €50 | €0 | ▼ 100% |
| Financial charges65/66B | €116 | €169 | €471 | ▲ 178% |
| Recurring financial charges65 | €116 | €56 | €471 | ▲ 740% |
| Non-recurring financial charges66B | - | €113 | - | - |
| Profit (loss) for the period before taxes9903 | €16,026 | €4,108 | €682 | ▼ 83.4% |
| Income taxes67/77 | €4,371 | €1,141 | €136 | ▼ 88.0% |
| Profit (loss) for the period9904 | €11,655 | €2,967 | €546 | ▼ 81.6% |
| Profit (loss) for the period to be appropriated9905 | €11,655 | €2,967 | €546 | ▼ 81.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,857 | €31,042 | €32,073 | ▲ 3.3% |
| Current assets29/58 | €20,857 | €31,042 | €32,073 | ▲ 3.3% |
| Stocks and contracts in progress3 | €14,871 | €25,095 | €27,546 | ▲ 9.8% |
| Stocks30/36 | €14,871 | €25,095 | €27,546 | ▲ 9.8% |
| Amounts receivable within one year40/41 | €363 | €1,312 | €3,434 | ▲ 162% |
| Trade receivables40 | €113 | - | €2,211 | - |
| Other amounts receivable41 | €250 | €1,312 | €1,223 | ▼ 6.8% |
| Cash at bank and in hand54/58 | €5,623 | €284 | €378 | ▲ 32.8% |
| Deferred charges and accrued income490/1 | - | €4,350 | €715 | ▼ 83.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,857 | €31,042 | €32,073 | ▲ 3.3% |
| Equity10/15 | €12,855 | €15,822 | €16,368 | ▲ 3.4% |
| Contributions10/11 | €1,200 | €1,200 | €1,200 | = |
| Reserves13 | €11,655 | €14,622 | €15,168 | ▲ 3.7% |
| Distributable reserves133 | €11,655 | €14,622 | €15,168 | ▲ 3.7% |
| Amounts payable17/49 | €8,002 | €15,219 | €15,705 | ▲ 3.2% |
| Amounts payable within one year42/48 | €8,002 | €15,219 | €13,209 | ▼ 13.2% |
| Trade debts44 | €325 | €4,686 | €1,233 | ▼ 73.7% |
| Suppliers440/4 | €325 | €4,686 | €1,233 | ▼ 73.7% |
| Taxes, remuneration and social security45 | €4,371 | €5,512 | €1,277 | ▼ 76.8% |
| Taxes450/3 | €4,371 | €5,512 | €1,277 | ▼ 76.8% |
| Other amounts payable47/48 | €3,306 | €5,022 | €10,699 | ▲ 113% |
| Accrued charges and deferred income492/3 | - | - | €2,496 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,655 | €2,967 | €546 | ▼ 81.6% |
| Operating cash flow (approximation) | €11,655 | €2,967 | €546 | ▼ 81.6% |
| Change in cash | - | -€5,338 | €93 | ▲ 102% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0486/00N000 | Flanders | 205 m² | 1 · 73 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.