OSTARA
ActiveSummary
OSTARA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €1.3m. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 48% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-6
Solvency69▲+1
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.54 in 2024; short-term debt: 37.6% and cash: 64.2% of total assets), but 56.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
43.6%
Return on assets
14%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
37 d early
2023
29 d early
2022
20 d early
2021
24 d early
2020
31 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€10.9m▼ 19.1%
2024 · €13.5m
EBIT margin
13.2%▼ 1.7pp
2024 · 14.9%
Net result
€1.3m▼ 23.3%
2024 · €1.7m
Working capital
€4.7m▲ 67.7%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€17.9m▼ 23.9%€9.7m▼ 45.7%€14.5m▲ 48.4%€13.5m▼ 6.7%€10.9m▼ 19.1%
Operating result€3.5m▲ 21.7%€915,272▼ 73.6%€1.9m▲ 111%€2.0m▲ 4.2%€1.4m▼ 28.6%
Net result€2.6mabove the sector's middle half▲ 12.1%€590,014within the sector's middle half▼ 77.5%€1.4mabove the sector's middle half▲ 144%€1.7mabove the sector's middle half▲ 17.4%€1.3mabove the sector's middle half▼ 23.3%
EBIT margin19.3%▲ 7.2pp9.4%▼ 9.9pp13.4%▲ 4.0pp14.9%▲ 1.6pp13.2%▼ 1.7pp
Equity€12.5mabove the sector's middle half=€12.5mabove the sector's middle half=€12.5mabove the sector's middle half=€3.9mwithin the sector's middle half▼ 68.6%€4.0mwithin the sector's middle half▲ 2.4%
Total assets€15.9mabove the sector's middle half▲ 1.4%€14.3mabove the sector's middle half▼ 10.4%€16.4mabove the sector's middle half▲ 15.1%€9.1mwithin the sector's middle half▼ 44.5%€9.2mwithin the sector's middle half▲ 1.1%
Debt€3.4m▲ 6.7%€1.8m▼ 48.6%€3.9m▲ 122%€5.2m▲ 32.8%€5.2m▲ 0.1%
Working capital€11.2mabove the sector's middle half▲ 1.1%€11.4mabove the sector's middle half▲ 2.0%€11.3mabove the sector's middle half▼ 1.1%€2.8mwithin the sector's middle half▼ 75.2%€4.7mabove the sector's middle half▲ 67.7%
Solvency78.5%above the sector's middle half▼ 1.1pp87.7%above the sector's middle half▲ 9.2pp76.2%above the sector's middle half▼ 11.5pp43.1%within the sector's middle half▼ 33.1pp43.6%within the sector's middle half▲ 0.6pp
Current ratio4.29above the sector's middle half▼ 0.187.98above the sector's middle half▲ 3.693.91above the sector's middle half▼ 4.081.54within the sector's middle half▼ 2.372.35within the sector's middle half▲ 0.81
Return on assets (ROA)16.5%above the sector's middle half▲ 1.6pp4.1%within the sector's middle half▼ 12.3pp8.8%within the sector's middle half▲ 4.6pp18.5%above the sector's middle half▲ 9.7pp14.0%above the sector's middle half▼ 4.5pp
Staff (FTE)2.6below the sector's middle half▲ 8.3%2.1below the sector's middle half▼ 19.2%1.4below the sector's middle half▼ 33.3%0.9below the sector's middle half▼ 35.7%2.3below the sector's middle half▲ 156%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.2m
Fixed assets
€1.1m ▼ 6.1%
Current assets
€8.1m ▲ 2.2%
Equity and liabilities €9.2m
Equity
€4.0m ▲ 2.4%
Debt
€5.2m ▲ 0.1%
Debt's share of the balance-sheet total falls from 56.9% to 56.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.5m▼
2024 · €2.1m
Cash flow
€1.4m▼
2024 · €1.8m
Quick ratio
1.88▲
2024 · 1.29
Debt to equity
1.29▼
2024 · 1.32
ROE
32.2%▼
2024 · 43.0%
Interest coverage
45.69▼
2024 · 14007.42
Debt ≤ 1 year
€3.5m▼
2024 · €5.2m
Debt > 1 year
€1.7m
Income taxes
€448,525▼
2024 · €580,689
Staff costs
€165,218▲
2024 · €80,859
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €18.1m | €9.9m | €14.6m | €14.1m | €11.0m | ▼ 22.0% |
| Turnover70 | €17.9m | €9.7m | €14.5m | €13.5m | €10.9m | ▼ 19.1% |
| Other operating income74 | €130,550 | €108,265 | €89,577 | €636,451 | €100,459 | ▼ 84.2% |
| Non-recurring operating income76A | - | €7,000 | €15,787 | - | €5,000 | - |
| Operating charges60/66A | €14.6m | €8.9m | €12.6m | €12.1m | €9.6m | ▼ 20.9% |
| Goods for resale, raw materials and consumables60 | €11.5m | €6.5m | €9.6m | €8.7m | €7.1m | ▼ 17.7% |
| Purchases600/8 | €11.0m | €6.7m | €9.8m | €8.4m | €7.5m | ▼ 11.3% |
| Change in stocks: decrease (increase)609 | €470,971 | -€166,148 | -€196,219 | €221,093 | -€358,716 | ▼ 262% |
| Services and other goods61 | €2.8m | €2.1m | €2.8m | €3.1m | €2.2m | ▼ 29.4% |
| Remuneration, social security and pensions62 | €196,219 | €171,909 | €113,398 | €80,859 | €165,218 | ▲ 104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131,168 | €126,709 | €93,652 | €88,322 | €80,141 | ▼ 9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €198,237 | €26,001 | ▼ 86.9% |
| Other operating charges640/8 | €6,424 | €5,398 | €17,687 | €6,946 | €5,437 | ▼ 21.7% |
| Non-recurring operating charges66A | €1,247 | - | - | - | - | - |
| Operating profit (loss)9901 | €3.5m | €915,272 | €1.9m | €2.0m | €1.4m | ▼ 28.6% |
| Financial income75/76B | €124,249 | €89,494 | €111,741 | €318,801 | €593,798 | ▲ 86.3% |
| Recurring financial income75 | €124,249 | €89,494 | €111,741 | €318,801 | €593,798 | ▲ 86.3% |
| Income from financial fixed assets750 | €10 | - | - | - | - | - |
| Income from current assets751 | €14,860 | €11,255 | €35,127 | €100,836 | €40,731 | ▼ 59.6% |
| Other financial income752/9 | €109,379 | €78,239 | €76,614 | €217,965 | €553,067 | ▲ 154% |
| Financial charges65/66B | €77,998 | €206,115 | €110,080 | €61,866 | €286,932 | ▲ 364% |
| Recurring financial charges65 | €77,998 | €206,115 | €110,080 | €61,866 | €286,932 | ▲ 364% |
| Debt charges650 | €12,786 | €10,356 | €382 | €150 | €33,218 | ▲ 22,045% |
| Other financial charges652/9 | €65,212 | €195,759 | €109,698 | €61,716 | €253,714 | ▲ 311% |
| Profit (loss) for the period before taxes9903 | €3.5m | €798,651 | €1.9m | €2.3m | €1.7m | ▼ 23.1% |
| Income taxes67/77 | €885,376 | €208,637 | €493,484 | €580,689 | €448,525 | ▼ 22.8% |
| Taxes670/3 | €885,376 | €208,637 | €493,484 | €580,689 | €448,525 | ▼ 22.8% |
| Profit (loss) for the period9904 | €2.6m | €590,014 | €1.4m | €1.7m | €1.3m | ▼ 23.3% |
| Profit (loss) for the period to be appropriated9905 | €2.6m | €590,014 | €1.4m | €1.7m | €1.3m | ▼ 23.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.9m | €14.3m | €16.4m | €9.1m | €9.2m | ▲ 1.1% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 6.1% |
| Tangible fixed assets22/27 | €883,936 | €760,108 | €800,973 | €648,558 | €577,924 | ▼ 10.9% |
| Land and buildings22 | €429,182 | €405,972 | €382,762 | €296,661 | €275,300 | ▼ 7.2% |
| Plant, machinery and equipment23 | €311,460 | €288,030 | €270,533 | €236,761 | €220,177 | ▼ 7.0% |
| Furniture and vehicles24 | €119,735 | €56,614 | €142,940 | €112,586 | €81,380 | ▼ 27.7% |
| Other tangible fixed assets26 | €23,559 | €9,492 | €4,738 | €2,550 | €1,067 | ▼ 58.2% |
| Financial fixed assets28 | €502,201 | €502,201 | €502,201 | €502,201 | €502,201 | = |
| Affiliated companies280/1 | €499,597 | €499,597 | €499,597 | €499,597 | €499,597 | = |
| Participating interests280 | €499,597 | €499,597 | €499,597 | €499,597 | €499,597 | = |
| Other financial fixed assets284/8 | €2,604 | €2,604 | €2,604 | €2,604 | €2,604 | = |
| Shares284 | €2,354 | €2,354 | €2,354 | €2,354 | €2,354 | = |
| Amounts receivable and cash guarantees285/8 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €14.6m | €13.0m | €15.1m | €8.0m | €8.1m | ▲ 2.2% |
| Amounts receivable after more than one year29 | €355,172 | €295,577 | €235,055 | €172,424 | - | - |
| Other amounts receivable291 | €355,172 | €295,577 | €235,055 | €172,424 | - | - |
| Stocks and contracts in progress3 | €1.3m | €1.5m | €1.7m | €1.3m | €1.6m | ▲ 25.9% |
| Stocks30/36 | €1.3m | €1.5m | €1.7m | €1.3m | €1.6m | ▲ 25.9% |
| Goods purchased for resale34 | €1.3m | €1.5m | €1.7m | €1.3m | €1.6m | ▲ 25.9% |
| Amounts receivable within one year40/41 | €358,943 | €306,902 | €282,084 | €687,742 | €571,851 | ▼ 16.9% |
| Trade receivables40 | €214,474 | €91,546 | €114,164 | €549,885 | €320,049 | ▼ 41.8% |
| Other amounts receivable41 | €144,469 | €215,356 | €167,920 | €137,857 | €251,802 | ▲ 82.7% |
| Current investments50/53 | €535,836 | €540,195 | - | - | - | - |
| Other investments51/53 | €535,836 | €540,195 | - | - | - | - |
| Cash at bank and in hand54/58 | €11.9m | €10.2m | €12.8m | €5.8m | €5.9m | ▲ 2.2% |
| Deferred charges and accrued income490/1 | €20,246 | €165,347 | €141,516 | €33,408 | €32,782 | ▼ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.9m | €14.3m | €16.4m | €9.1m | €9.2m | ▲ 1.1% |
| Equity10/15 | €12.5m | €12.5m | €12.5m | €3.9m | €4.0m | ▲ 2.4% |
| Contributions10/11 | €148,000 | €148,000 | €148,000 | €147,181 | €147,181 | = |
| Capital10 | €148,000 | €148,000 | €148,000 | €147,181 | €147,181 | = |
| Issued capital100 | €148,000 | €148,000 | €148,000 | €147,181 | €147,181 | = |
| Reserves13 | €15,000 | €15,000 | €15,000 | €14,917 | €14,917 | = |
| Non-distributable reserves130/1 | €15,000 | €15,000 | €15,000 | €14,917 | €14,917 | = |
| Legal reserve130 | €15,000 | €15,000 | €15,000 | €14,917 | €14,917 | = |
| Profit (loss) carried forward14 | €12.4m | €12.4m | €12.4m | €3.8m | €3.9m | ▲ 2.5% |
| Amounts payable17/49 | €3.4m | €1.8m | €3.9m | €5.2m | €5.2m | ▲ 0.1% |
| Amounts payable after more than one year17 | - | - | - | - | €1.7m | - |
| Financial debts170/4 | - | - | - | - | €1.7m | - |
| Credit institutions173 | - | - | - | - | €1.7m | - |
| Amounts payable within one year42/48 | €3.4m | €1.6m | €3.9m | €5.2m | €3.5m | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1.0m | - |
| Trade debts44 | €680,500 | €821,199 | €1.5m | €869,482 | €919,829 | ▲ 5.8% |
| Suppliers440/4 | €680,500 | €821,199 | €1.5m | €869,482 | €919,829 | ▲ 5.8% |
| Advances received on contracts in progress46 | - | €176,500 | €846,000 | €89,950 | €272,400 | ▲ 203% |
| Taxes, remuneration and social security45 | €55,964 | €20,329 | €23,063 | €21,661 | €72,421 | ▲ 234% |
| Taxes450/3 | €30,550 | €10,137 | €11,373 | €11,453 | €51,161 | ▲ 347% |
| Remuneration and social security454/9 | €25,414 | €10,192 | €11,690 | €10,208 | €21,260 | ▲ 108% |
| Other amounts payable47/48 | €2.7m | €612,845 | €1.5m | €4.2m | €1.2m | ▼ 71.3% |
| Accrued charges and deferred income492/3 | €35,850 | €132,775 | €42,873 | €10,941 | €65,097 | ▲ 495% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.6m | €590,014 | €1.4m | €1.7m | €1.3m | ▼ 23.3% |
| + Depreciation and write-downs630 | €131,168 | €126,709 | €93,652 | €88,322 | €80,141 | ▼ 9.3% |
| Operating cash flow (approximation) | €2.8m | €716,723 | €1.5m | €1.8m | €1.4m | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | -€2,881 | -€134,517 | €64,093 | -€9,507 | ▼ 115% |
| Change in cash | - | -€1.7m | €2.6m | -€7.0m | €128,278 | ▲ 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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €590,014 ▼77.5%
Net result drops to €590,014, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €2.6m ▲12.1%
Operating result €3.5m, net result €2.6m, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
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.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Oudenaarde · 2 establishment units since 1994
Ground area
5,184 m²
Building footprint
2,873 m²
Volume, LiDAR
34,451 m³
Parcel 45507A0345/00D002, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
2 establishment units
Ronseweg 66, 9700 Oudenaarde
since 19942.065.487.217
Ronseweg 66, 9700 Oudenaarde
since 20132.357.284.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507A0345/00D002 | Flanders | 5,184 m² | 1 · 2,873 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- INARIDO
- OSTARA
Highest known parent: INARIDO. The sources do not say who stands above it.
Owners 2
- INARIDOparentSourceaccounts INARIDO 2025100%
- THULA & THULAparent99.87%
Holdings 1
-
50%
According to the 2025 annual accounts of OSTARA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.065.487.217
Legal Entity Identifier
549300Y2GBAB52KBDV91
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Of 697 companies in sector 46392 we hold annual accounts for 485. 216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
46392Non-specialised wholesale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451791653
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.