NETSTARS
InactiveNETSTARS was declared bankrupt on 07-05-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 13-01-2026, published in the Belgian State Gazette on 16-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-11-2022, 121 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filingDeviation from the deadline
2021
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2021 accounts 121 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€20,573
Total assets
€127,882
Net result
€18,073
Working capital
€9,527
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €127,882
Fixed assets
€34,747
Current assets
€93,134
Equity and liabilities €127,882
Equity
€20,573
Debt
€107,309
Debt finances 83.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€28,378
Cash flow
€18,138
Current ratio
1.11
Debt to equity
5.22
ROE
87.8%
ROA
14.1%
Interest coverage
8.27
Debt ≤ 1 year
€83,607
Debt > 1 year
€23,701
Income taxes
€6,807
Annual accounts
| Line | 2021 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65 |
| Other operating charges640/8 | €3,986 |
| Gross operating margin9900 | €32,365 |
| Operating profit (loss)9901 | €28,313 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €3,433 |
| Recurring financial charges65 | €3,433 |
| Profit (loss) for the period before taxes9903 | €24,880 |
| Income taxes67/77 | €6,807 |
| Profit (loss) for the period9904 | €18,073 |
| Profit (loss) for the period to be appropriated9905 | €18,073 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €127,882 | |
| Fixed assets21/28 | €34,747 | |
| Tangible fixed assets22/27 | €33,847 | |
| Furniture and vehicles24 | €33,847 | |
| Financial fixed assets28 | €900 | |
| Current assets29/58 | €93,134 | |
| Amounts receivable within one year40/41 | €71,379 | |
| Trade receivables40 | €49,201 | |
| Other amounts receivable41 | €22,178 | |
| Cash at bank and in hand54/58 | €21,755 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €127,882 | |
| Equity10/15 | €20,573 | |
| Contributions10/11 | €2,500 | |
| Reserves13 | €18,073 | |
| Distributable reserves133 | €18,073 | |
| Amounts payable17/49 | €107,309 | |
| Amounts payable after more than one year17 | €23,701 | |
| Financial debts170/4 | €23,701 | |
| Amounts payable within one year42/48 | €83,607 | |
| Current portion of amounts payable after more than one year42 | €11,450 | |
| Trade debts44 | €52,179 | |
| Suppliers440/4 | €52,179 | |
| Taxes, remuneration and social security45 | €16,334 | |
| Taxes450/3 | €16,334 | |
| Other amounts payable47/48 | €3,644 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €18,073 |
| + Depreciation and write-downs630 | €65 |
| Operating cash flow (approximation) | €18,138 |
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
2026
16-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 13-01-2026
2024
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 07-05-2024
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 121 days late
SignalNBB filing
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURENCE CARAMIN HOFKOUTERSTRAAT 5,
9890 GAVERE |
07-05-2024 → 13-01-2026 |