IS. STAR

Active

Private limited companyfounded 200422 yrs activeFontaine Cabouche 7, 1390 Grez-Doiceau, BelgiumKBO/BCE: BE 0866.732.909

IS. STAR has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €-14k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 42% of 166 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

54 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability53▼-12

Solvency59▼-3

Growth52=

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity tight (current ratio 1.46 against 1.51 in 2024; short-term debt: 66.1% and cash: 0.2% of total assets), and 66.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 18

Relative position

BE, all sectors

reference

Sector 18

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2025

Solvency, return and age of the figures

Solvency

33.9%

Return on assets

-2.3%

Age of the figures

15 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

19202122232425

2019 to 2025 · latest year €-14k

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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 filings

Deviation from the deadline

2025

28 d late

2024

28 d late

2023

29 d late

2022

28 d late

2021

28 d late

2020

27 d late

2019

28 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close16-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-14k▼ 82.4%

2024 · €-7k

2019: €76k 2020: €10k 2021: €8k 2022: €867 2023: €7k 2024: €-7k

2019 → 2025

Working capital

€182k▼ 2.1%

2024 · €186k

2019: €288k 2020: €258k 2021: €208k 2022: €179k 2023: €183k 2024: €186k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€217k-€218k▲ 0.4%€225k▲ 3.2%€217k▼ 3.3%€204k▼ 6.3%

Operating result€20k-€-184€18k€5k▼ 75.0%€-10k

Net result€8k-€867▼ 89.0%€7k▲ 700%€-7k€-14k▼ 82.4%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €10k after €5k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €600k

96.4%

Fixed assets €22k▼ 45.9%

Current assets €578k▲ 5.0%

Equity and liabilities €600k

33.9%

66.1%

Equity €204k▼ 6.3%

Debt €396k▲ 6.0%

The debt ratio rises from 63.2% to 66.1%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€11k▼

2024 · €32k

Cash flow

€7k▼

2024 · €20k

Solvency

33.9%▼

2024 · 36.8%

Current ratio

1.46▼

2024 · 1.51

Quick ratio

1.46▼

2024 · 1.51

Debt / equity

1.95▲

2024 · 1.72

ROE

-6.7%▼

2024 · -3.4%

ROA

-2.3%▼

2024 · -1.3%

Interest coverage

4.46▼

2024 · 5.73

Debt

€396k▲

2024 · €373k

Debt ≤ 1 year

€396k▲

2024 · €365k

Income taxes

€1k▼

2024 · €7k

Staff costs

€213k▲

2024 · €203k

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€591k€600k▲

Fixed assets21/28€40k€22k▼

Tangible fixed assets22/27€40k€22k▼

Furniture and vehicles24€37k€20k▼

Other tangible fixed assets26€3k€2k▼

Current assets29/58€551k€578k▲

Amounts receivable within one year40/41€506k€574k▲

Trade receivables40€206k€206k▲

Other amounts receivable41€300k€368k▲

Cash at bank and in hand54/58€40k€1k▼

Deferred charges and accrued income490/1€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€591k€600k▲

Equity10/15€217k€204k▼

Contributions10/11€69k€69k=

Reserves13€7k€7k=

Non-distributable reserves130/1€7k€7k=

Reserves not available under the articles1311€7k€7k=

Profit (loss) carried forward14€142k€128k▼

Amounts payable17/49€373k€396k▲

Amounts payable after more than one year17€8k-

Financial debts170/4€8k-

Amounts payable within one year42/48€365k€396k▲

Current portion of amounts payable after more than one year42€13k€9k▼

Financial debts43€10k€13k▲

Credit institutions430/8€10k€13k▲

Trade debts44€200k€91k▼

Suppliers440/4€200k€91k▼

Taxes, remuneration and social security45€70k€62k▼

Taxes450/3€21k€21k▼

Remuneration and social security454/9€49k€41k▼

Other amounts payable47/48€72k€221k▲

Accrued charges and deferred income492/3€633-

Income statement Code20242025

Remuneration, social security and pensions62€203k€213k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€21k▼

Other operating charges640/8€1k€2k▲

Gross operating margin9900€235k€225k▼

Operating profit (loss)9901€5k€-10k▼

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€6k€2k▼

Recurring financial charges65€6k€2k▼

Profit (loss) for the period before taxes9903€-900€-13k▼

Income taxes67/77€7k€1k▼

Profit (loss) for the period9904€-7k€-14k▼

Profit (loss) for the period to be appropriated9905€-7k€-14k▼

Appropriation of the result

Profit (loss) to be appropriated9906€142k€128k▼

Profit (loss) brought forward from the previous period14P€149k€142k▼

Social balance

Average headcount (FTE)90872.0-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

28-02

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 28 days late

2025

30-06

Financial Weakest financial yearnet €-14k

Net result drops to €-14k, the lowest in the series.

28-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 28 days late

2024

29-02

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 29 days late

2023

28-02

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 28 days late

2022

28-02

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 28 days late

2021

27-02

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 27 days late

2020

30-06

Financial Equity above €200kEq €209k ▲4.8%

2 profitable years in a row build equity to €209k.

28-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 28 days late

2019

21-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 21 days late

2018

15-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

13-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 13 days late

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 2021

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.

01-01-2021 Resigned as Director

Location & real-estate footprint

Registered office, Grez-Doiceau · 1 establishment unit since 2009

establishment The establishment unit on the map

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.

Fontaine Cabouche 71390 Grez-Doiceau

Ground area

3,556 m²

Building footprint

288 m²

Volume, LiDAR