Equity
-€92,234
Debts exceed assets in financial year 2025.
J-STAR
Lifetime
9 annual accounts with figures on one time axispeak €45,225 (2024)
-€22,297▼ €67,521
lowest -€104,672 (2025)
-€104,672▼ €93,803
peak €37,221 (2017)
-€92,234▼ €104,672
€194,409▲ 20.5%
Board1 name since 2016
1 directorStephanie Westerlund
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from €45,225 to -€22,297Loss of €104,672Equity from €12,437 to -€92,234Debts from €161,306 to €194,409Cash from €119,648 to €53,876
Key points
from the 2025 annual accountsLosses
-€254,455 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€194,409 190% of the balance sheet
Financial debts 1%Suppliers 11%Taxes and wages 8%Other 80%
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Liquidity
0.34 was 0.83 in 2024
Short-term debts rose from €161,306 to €194,409.
Position in the sector
-90.3%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,342 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 10% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.5%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 0.5%● unchanged vs 07-2026highest value
09-2026: 0.4%▼ -0.1 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €104,672, the second in a row (financial year 2025)
Negative equity -€92,234
lowers risk
Size: total assets €102,175
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 3% of them on solvency, 33% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as J-STAR has now. Each dot stands for 18 companies, two years later.
85.5%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of J-STAR itself is lower: 0.4% within 12 months. It rests on far more data about J-STAR than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for J-STAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.83 in 2024), below 1. Short-term debt is 190.3% and cash 52.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€92,234
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
38 days early
2024
22 days early
2023
27 days early
2022
31 days early
2021
30 days early
2020
31 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0658935549
Capital increase of €125,000 to €143,600
Capital after the increase: €143,600 · Gazette deed
Incorporation
published on 14-07-2016 · Gazette deed
First establishment
Spechtendreef 17, Zoersel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| J-STAR Zoersel | €102,175 | -€22,297 | -90.3% | - |
| PAVLOV Antwerp | €101,712 | -€97,720 | 60.7% | - |
| BC MARITIME SOLUTIONS Rijkevorsel | €110,683 | -€16,491 | -85.2% | - |
| SLR Kontich | €111,475 | -€84 | 69.0% | - |
| TM Global Solutions Hove | €92,852 | -€4,382 | 95.4% | - |
| BRS engineering Kalmthout | €101,730 | -€2,434 | 14.0% | - |
| KCA Consult Lier | €107,335 | -€5,677 | 96.5% | - |
These companies have the same main activity as J-STAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €92,900 and €111,000, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 12-07-2016Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.256.217.1292980 Zoersel, since 12-07-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2025
Annual accounts 2025
- €102,175▼ 41.2%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on J-STAR
J-STAR files the micro format. That format states no turnover. The gross margin fell from €44,204 in 2017 to -€22,297 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about J-STAR
- What is the company number of J-STAR?
- The company number of J-STAR is 0658.935.549. The VAT number is the same number with BE in front: BE 0658.935.549.
- Where is J-STAR based?
- The registered office is at Spechtendreef 17, 2980 Zoersel.Company details
- What does J-STAR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of J-STAR?
- J-STAR is a private limited company (BV).
- When was J-STAR founded?
- J-STAR was founded on 12-07-2016.
- Is J-STAR still active?
- Yes, J-STAR is an active enterprise in the KBO register.
- How many employees does J-STAR have?
- J-STAR had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of J-STAR?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is J-STAR profitable?
- In financial year 2025, J-STAR made a loss of €104,672.
- Where can I find the annual accounts of J-STAR?
- J-STAR filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of J-STAR due?
- J-STAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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