Liquidity
Short-term debts fell from €675 to €254.
Short-term debts fell from €675 to €254.
The 2025 accounts came 2 days late. The other four were filed on time.
Higher solvency than 95% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 87% of them on solvency, 97% on liquidity, 11% on profitability and 27% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
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).
In July 2024, 3,591 companies had the same profile as STAARC+ has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STAARC+ itself is lower: < 0.1% within 12 months. It rests on far more data about STAARC+ than the profile alone.
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 3,591 companies, not a prediction for STAARC+. 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.
Liquidity is ample, with a current ratio of 33.99 (14.86 in 2024), above the usual 1.5. Short-term debt is 2.9% and cash 78.9% of total assets. 2.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average on the deadline day. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| STAARC+ Merchtem | €8,634 | -€373 | 97.1% | - |
| JW&T Zoersel | €6,708 | -€12,583 | -153.7% | - |
| WILD STUDIO Couvin | €6,932 | -€2,263 | 94.5% | - |
| ET'HUI Architectuur, Interieur en Meubel Hamme (Vl.) | €11,139 | -€692 | 31.1% | - |
| FLORE MINNER Aalst | €11,566 | -€2,787 | -79.3% | - |
| SJIEK MO PEUR Bruges | €7,974 | €1,625 | -906.3% | - |
| Maren Casier Interieurarchitecte Dendermonde | €8,907 | -€6,678 | -17.7% | - |
These companies have the same main activity as STAARC+: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €6,710 and €11,600, founded between 2019 and 2022.
STAARC+ files the micro format. That format states no turnover. The gross margin rose from -€893 in 2021 to -€373 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 95% of 11,794 companies in 2025.
Higher than 95% of 11,521 companies in 2025.
Higher than 10% of 11,605 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
8,634 | 10,034 | 8,232 | 12,421 | 6,684 | |
29/58 |
8,634 | 10,034 | 8,232 | 12,421 | 6,684 | |
40/41 |
941 | 3,210 | 3,902 | 8,172 | 1,752 | |
40 |
523 | 1,217 | 2,496 | 6,848 | 1,519 | |
41 |
418 | 1,993 | 1,406 | 1,324 | 233 | |
54/58 |
6,812 | 6,824 | 4,106 | 4,249 | 4,932 | |
490/1 |
881 | 0 | 224 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
8,634 | 10,034 | 8,232 | 12,421 | 6,684 | |
10/15 |
8,380 | 9,358 | 7,857 | 11,219 | 6,164 | |
10/11 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
13 |
880 | 1,858 | 357 | 3,719 | - | |
133 |
880 | 1,858 | 357 | 3,719 | - | |
14 |
- | - | - | 0 | -1,336 | |
17/49 |
254 | 675 | 375 | 1,203 | 520 | |
42/48 |
254 | 675 | 375 | 1,203 | 520 | |
44 |
242 | 663 | 363 | 0 | 520 | |
440/4 |
242 | 663 | 363 | 0 | 520 | |
45 |
- | - | 0 | 1,191 | - | |
450/3 |
- | - | 0 | 1,191 | - | |
47/48 |
12 | 12 | 12 | 12 | - | |
| Income statement | ||||||
9900 |
-373 | 2,049 | -2,764 | 5,966 | -893 | |
640/8 |
387 | 384 | 348 | 348 | 348 | |
9901 |
-760 | 1,664 | -3,112 | 5,619 | -1,240 | |
75/76B |
- | 0 | 0 | 3 | - | |
75 |
- | 0 | 0 | 3 | - | |
65/66B |
218 | 163 | 250 | 387 | 96 | |
65 |
218 | 163 | 250 | 387 | 96 | |
9903 |
-978 | 1,501 | -3,361 | 5,234 | -1,336 | |
67/77 |
- | - | 0 | 930 | - | |
9904 |
-978 | 1,501 | -3,361 | 4,305 | -1,336 | |
9905 |
-978 | 1,501 | -3,361 | 4,305 | -1,336 | |
| Appropriation of the result | ||||||
9906 |
-978 | 1,501 | -3,361 | 3,719 | -1,336 | |
14P |
- | - | 0 | -586 | - | |
791/2 |
978 | 0 | 3,361 | - | - | |
691/2 |
0 | 1,501 | 0 | 3,719 | - | |
6921 |
0 | 1,501 | 0 | 3,719 | - | |
| Document | ||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-02-2026.
2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00033066.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00033066 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00022268 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00023145 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00013713 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03000252 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -12 | 2,718 | -143 | -683 | - | ||
| 8,380 | 9,358 | 7,857 | 11,219 | 6,164 | ||
| 97.1% | 93.3% | 95.4% | 90.3% | 92.2% | ||
| 33.99 | 14.86 | 21.95 | 10.33 | 12.86 | ||
| 0.03 | 0.07 | 0.05 | 0.11 | 0.08 | ||
| -11.7% | 16.0% | -42.8% | 38.4% | -21.7% | ||
| -11.3% | 15.0% | -40.8% | 34.7% | -20.0% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €760, after a profit of €1,664 in 2024.
Debt's share of the balance-sheet total falls from 6.7% to 2.9%. Equity and debt are lower.
STAARC+ has no parent and no holdings in its annual accounts. STAARC+ shares no director with another company.
| SPYKE
registered office since 27-04-2017 · founded in 2017 |
total assets €316,479 (2025) 0674.908.479 |
| LETTERLIJK & FIGUURLIJK
registered office since 03-05-2012 · founded in 2012 |
total assets €193,536 (2025) 0845.664.410 |
| STAARC ingenieurs en architecten
registered office since 20-02-2014 · founded in 2014 |
total assets €71,117 (2025) 0546.830.372 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint Huybrechtstraat 64 registered office 1785 Merchtem | 31-08-2020 | 2.312.006.975 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23052B0205/00Y002 | 1,116 m² | 1 · 212 m² | 8.4 m · 2 |
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