L'ETOILE BLANC
ActiveL'ETOILE BLANC has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €3k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 3644 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+44
Solvency100▲+11
Growth65=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 4.74 against 2.22 in 2024; short-term debt: 17.7% and cash: 53.4% of total assets), and 17.7% 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 56
Relative position
BE, all sectors
reference
Sector 56
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
82.3%
Return on assets
9.1%
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 10-08-2026, 10 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
10 d late
2024
on the day
2023
on the day
2022
7 d late
2021
2 d late
2020
15 d early
2019
6 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€119k▲ 3.8%
2020 · €115k
2018: €113k
2019: €123k
2020: €115k
2018 → 2021
EBIT margin
7.6%▲ 6.4pp
2020 · 1.2%
2018: -6.0%
2019: 2.5%
2020: 1.2%
2018 → 2021
Net result
€3k
2024 · €-5k
2018: €-7k
2019: €3k
2020: €853
2021: €8k
2022: €-11k
2023: €14k
2024: €-5k
2018 → 2025
Working capital
€25k▲ 31.7%
2024 · €19k
2018: €8k
2019: €11k
2020: €11k
2021: €22k
2022: €10k
2023: €26k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€119k-
Equity€30k-€20k▼ 35.4%€33k▲ 70.2%€28k▼ 15.9%€31k▲ 12.4%
Operating result€9k-€-10k€15k€4k▼ 72.4%€4k=
Net result€8k-€-11k€14k€-5k€3k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€6k▼ 30.4%
Current assets
€32k▼ 8.2%
Equity and liabilities €38k
Equity
€31k▲ 12.4%
Debt
€7k▼ 56.9%
The debt ratio falls from 36.0% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2024 · €6k
Cash flow
€6k▲
2024 · €-3k
Solvency
82.3%▲
2024 · 64.0%
Current ratio
4.74▲
2024 · 2.22
Quick ratio
3.22▲
2024 · 1.77
Debt / equity
0.22▼
2024 · 0.56
ROE
11.0%▲
2024 · -18.9%
ROA
9.1%▲
2024 · -12.1%
Interest coverage
8.70▲
2024 · 3.84
Debt
€7k▼
2024 · €16k
Debt ≤ 1 year
€7k▼
2024 · €16k
Income taxes
€0▼
2024 · €8k
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€44k€38k▼
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€3k€941▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€35k€32k▼
Stocks and contracts in progress3€7k€10k▲
Stocks30/36€7k€10k▲
Amounts receivable within one year40/41€3k€264▼
Trade receivables40€2k€258▼
Other amounts receivable41€1k€6▼
Cash at bank and in hand54/58€24k€20k▼
Deferred charges and accrued income490/1€841€1k▲
Equity and liabilities
Total equity and liabilities10/49€44k€38k▼
Equity10/15€28k€31k▲
Contributions10/11€19k€19k=
Reserves13€9k€12k▲
Distributable reserves133€9k€12k▲
Profit (loss) carried forward14€327€791▲
Amounts payable17/49€16k€7k▼
Amounts payable within one year42/48€16k€7k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€11k€817▼
Taxes450/3€11k€817▼
Other amounts payable47/48-€385
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€176k€155k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€12k€13k▲
Operating profit (loss)9901€4k€4k=
Financial income75/76B€54€71▲
Recurring financial income75€54€71▲
Financial charges65/66B€2k€783▼
Recurring financial charges65€2k€783▼
Profit (loss) for the period before taxes9903€3k€3k▲
Income taxes67/77€8k€0▼
Profit (loss) for the period9904€-5k€3k▲
Profit (loss) for the period to be appropriated9905€-5k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€4k▲
Profit (loss) brought forward from the previous period14P€611€327▼
Transfer from equity791/2€5k-
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (5 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.74
Current ratio from 2.22 to 4.74; short-term debt falls from €16k to €7k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Weakest financial yearnet €-11k ▼230%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 5.27
Current ratio from 2.12 to 5.27; short-term debt falls from €10k to €5k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
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
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, Frameries · 1 establishment unit since 2002
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.
Rue Léon Defuisseaux 107080 FrameriesGround area
184 m²
Building footprint
94 m²
Volume, LiDAR
815 m³
Parcel 53028C1054/00F005, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
L'ETOILE BLANC SPRL
since 20022.115.190.017
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028C1054/00F005indicative | Wallonia | 184 m² | 1 · 94 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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 siteFrameries2.115.190.017
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Of 21,904 companies in sector 56112 we hold annual accounts for 9,781. 8,405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2002
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.