STAR
STAR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-75k) and a net result of €13k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €-75k |
| Net result | €13k |
| Better than sector | 5% |
| Active | 23 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -617.0% | 55.9% | |
| Net result | €13k | €27k | |
| Equity | €-75k | €83k | |
| Gross operating margin | €24k | €54k | |
| Total assets | €12k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €23k | €41k | €60k | €50k |
| Net profit | €13k | €27k | €39k | €38k |
| Cash flow | €19k | €33k | €45k | €43k |
| Staff costs | - | - | - | - |
| Income taxes | €4k | €8k | €15k | €8k |
| Dividends | - | - | - | - |
| Total assets | €12k | €23k | €37k | €43k |
| Equity | €-75k | €-87k | €-114k | €-154k |
| Debt | €87k | €110k | €151k | €196k |
| of which ≤ 1y | €86k | €108k | €144k | €189k |
| of which > 1y | €0 | €2k | €6k | €7k |
| Working capital | €-81k | €-98k | €-127k | €-166k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.06 | 0.09 | 0.12 | 0.12 |
| Quick ratio | 0.06 | 0.09 | 0.12 | 0.12 |
| Working capital ratio | -668.5% | -429.2% | -347.6% | -390.9% |
| Solvency | -617.0% | -382.8% | -312.4% | -360.6% |
| Debt / equity | -1.16 | -1.26 | -1.32 | -1.28 |
| Long-term debt ratio | 0.00 | -0.02 | -0.05 | -0.04 |
| Interest coverage | 58.58 | 98.91 | 132.05 | 252.18 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 103.7% | 117.7% | 107.8% | 89.8% |
| ROE | -16.8% | -30.7% | -34.5% | -24.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €12k | €23k | €37k | €43k |
| Fixed assets | 21/28 | €7k | €13k | €19k | €20k |
| Tangible fixed assets | 22/27 | €7k | €13k | €19k | €20k |
| Current assets | 29/58 | €5k | €10k | €17k | €23k |
| Amounts receivable within one year | 40/41 | €5k | €5k | €8k | €6k |
| Cash & bank | 54/58 | €0 | €4k | €9k | €16k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12k | €23k | €37k | €43k |
| Equity | 10/15 | €-75k | €-87k | €-114k | €-154k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | - | - | €0 | €15k |
| Accumulated profits (losses) | 14 | €-81k | €-93k | €-120k | €-174k |
| Amounts payable | 17/49 | €87k | €110k | €151k | €196k |
| Amounts payable after one year | 17 | €0 | €2k | €6k | €7k |
| Amounts payable within one year | 42/48 | €86k | €108k | €144k | €189k |
| Trade debts payable within one year | 44 | €2k | €1k | €771 | €425 |
| Income statement | |||||
| Gross operating margin | 9900 | €24k | €42k | €61k | €51k |
| Operating result | 9901 | €17k | €35k | €55k | €46k |
| Financial income | 75 | - | - | - | €0 |
| Financial charges | 65 | €395 | €419 | €458 | €200 |
| Result before taxes | 9903 | €16k | €35k | €55k | €46k |
| Income taxes | 67/77 | €4k | €8k | €15k | €8k |
| Net result for the period | 9904 | €13k | €27k | €39k | €38k |
| Result to be appropriated | 9905 | €13k | €27k | €39k | €38k |
Historic, not recently confirmed (2)
-
Not recently confirmedlast confirmed in an act from 2014
2 events
- 01-10-2009 Appointed· Director
- 01-01-2008 Resigned· Director
-
Not recently confirmedlast confirmed in an act from 2008
Permanent representatives (1)
-
Permanent representative01-01-2008 → present
Former directors (2)
-
Former01-01-2008 → 23-05-2014
2 events
- 23-05-2014 Resigned· Director
- 01-01-2008 Appointed· Director
-
Former- → 01-01-2008
| J. Vande Moortel en C° Bedrijfsrevisoren Company auditor · represented by Bert De Clercq | 17-09-2019 → 17-09-2019 |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 30-04-2003 |
| Status | Active |
| Postal code | 8310 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31002A0061/00C019 | Flanders | 188 m² | 1 · 69 m² | 10.0 m · 3 fl. |
24-03
State Gazette act
Registered officeBoard meeting · Registered-office move · Power of attorney3 facts ▸
- Board meeting, 25/02/2026
- Registered-office move, Gulden-Peerdenstraat 24, 8310 Brugge
- Power of attorney, ACCOFISC
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
24-03-2026 Board meeting · Seat change · Power of attorney
- Publication: 24/03/2026 · STAR
- Filing: 16/03/2026 · STAR
- Board meeting: 25/02/2026 · STAR
- Seat change: to: Gulden-Peerdenstraat 24, 8310 Brugge, from: Rodestraat 43, 8000 Brugge, effective_date: 2026-02-26 · STAR
- Power of attorney: voor onbepaalde tijd en tot aan de uitdrukkelijke herroeping, voor wat betreft de acties nodig voor de uitvoering en verwerking en publicatie van de beslissingen van deze vergadering ... met de mogelijkheid alleen op te treden en met recht van indeplaatsstelling · ACCOFISC
Technical details
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}31-08-2021 Registered office moved within Brugge
- Langerei 2, 8000 Brugge → Rodestraat 43, 8000 Brugge
Technical details
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}22-10-2020 Transaction in capital or shares
Technical details
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}17-09-2019 Capital increase of €16,100 to €18,600
- €2.500 → €18.600
Technical details
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}23-05-2014 1 director appointed, 1 resigning
- Smekens Sofie, Bestuurder
- Gabriëls Stefaan, Bestuurder
Technical details
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}01-08-2008 3 directors appointed, 2 resigning
- Stefaan Gabriels, Bestuurder
- Pierre SMEKENS, Bestuurder
- Stefaan Gabriëls, Vaste vertegenwoordiger
- Stijn SMEKENS, Bestuurder
- Sofie SMEKENS, Bestuurder
Technical details
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}| Legal nameNL | STAR |