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STAR-DAL

Active
Private limited companyfounded 20224 yrs activeZwartemolenstraat 18, 9240 Zele, BelgiumKBO/BCE: BE 0784.214.811
Summary

The computed 12-month bankruptcy probability of STAR-DAL is 3.0% (moderate). The 2025 annual accounts show equity of €63,677 and a net result of -€8,968. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 71% of 28374 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability7▼-93
Solvency91▲+17
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 3.32 against 2.29 in 2024; short-term debt: 24.9% and cash: 44.2% of total assets), and 33.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
66.3%
Return on assets
-9.3%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-11-2025, 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 · 3 filings
Deviation from the deadline
2025
10 d late
2024
59 d early
2023
98 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 10 November (3 of the last 3 filed years within 88 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 March 2022, STAR-DAL was incorporated as a Private limited company.1 Total assets went from EUR 118,609 in 2023 to EUR 96,093 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€63,677▼ 12.3%
2024 · €72,644
Total assets
€96,093▼ 34.8%
2024 · €147,341
Net result
-€8,968
2024 · €38,864
Working capital
€55,593▼ 20.2%
2024 · €69,705
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€41,610-€51,491▲ 23.7%-€7,796
Net result€31,781above the sector's middle half-€38,864above the sector's middle half▲ 22.3%-€8,968below the sector's middle half
Equity€31,781within the sector's middle half-€72,644within the sector's middle half▲ 129%€63,677within the sector's middle half▼ 12.3%
Total assets€118,609within the sector's middle half-€147,341within the sector's middle half▲ 24.2%€96,093within the sector's middle half▼ 34.8%
Debt€86,829-€74,696▼ 14.0%€32,416▼ 56.6%
Working capital€34,933within the sector's middle half-€69,705within the sector's middle half▲ 99.5%€55,593within the sector's middle half▼ 20.2%
Solvency26.8%within the sector's middle half-49.3%within the sector's middle half▲ 22.5pp66.3%within the sector's middle half▲ 17.0pp
Current ratio1.64within the sector's middle half-2.29within the sector's middle half▲ 0.653.32within the sector's middle half▲ 1.03
Return on assets (ROA)26.8%above the sector's middle half-26.4%above the sector's middle half▼ 0.4pp-9.3%below the sector's middle half▼ 35.7pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2023: €41,610€41,610Net result 2023: €31,781€31,781Operating result 2024: €51,491€51,491Net result 2024: €38,864€38,864Operating result 2025: -€7,796-€7,796Net result 2025: -€8,968-€8,968202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: €41,610€41,600Net result 2023: €31,781€31,800Operating result 2024: €51,491€51,500Net result 2024: €38,864€38,900Operating result 2025: -€7,796-€7,800Net result 2025: -€8,968-€8,970202320242025
The operating result turns negative in 2025: a loss of €7,796 after €51,491 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,093
Fixed assets €16,567 ▼ 29.7%
Current assets €79,525 ▼ 35.8%
Equity and liabilities €96,093
Equity €63,677 ▼ 12.3%
Debt €32,416 ▼ 56.6%
Debt's share of the balance-sheet total falls from 50.7% to 33.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€811▼
2024 · €58,450
Cash flow
-€1,983▼
2024 · €45,823
Debt to equity
0.51▼
2024 · 1.03
ROE
-14.1%▼
2024 · 53.5%
Interest coverage
-0.41▼
2024 · 32.11
Debt ≤ 1 year
€23,932▼
2024 · €54,083
Debt > 1 year
€8,484▼
2024 · €20,613
Income taxes
€1,010▼
2024 · €10,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.2% went bankrupt
5.9% stopped otherwise
92% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,146 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€147,341€96,093▼
Fixed assets21/28€23,553€16,567▼
Tangible fixed assets22/27€23,553€16,567▼
Plant, machinery and equipment23€921€473▼
Furniture and vehicles24€6,976€4,827▼
Leasing and similar rights25€15,656€11,267▼
Current assets29/58€123,788€79,525▼
Amounts receivable within one year40/41€55,127€37,049▼
Trade receivables40€52,261€27,603▼
Other amounts receivable41€2,866€9,446▲
Cash at bank and in hand54/58€68,661€42,476▼
Equity and liabilities
Total equity and liabilities10/49€147,341€96,093▼
Equity10/15€72,644€63,677▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€70,644€61,677▼
Amounts payable17/49€74,696€32,416▼
Amounts payable after more than one year17€20,613€8,484▼
Financial debts170/4€20,613€8,484▼
Amounts payable within one year42/48€54,083€23,932▼
Current portion of amounts payable after more than one year42€11,710€4,319▼
Financial debts43-€7,810
Credit institutions430/8-€7,810
Trade debts44€15,883€11,803▼
Suppliers440/4€15,883€11,803▼
Advances received on contracts in progress46€15,495-
Taxes, remuneration and social security45€10,995-
Taxes450/3€10,869-
Remuneration and social security454/9€126-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,959€6,985▲
Other operating charges640/8€116€1,442▲
Gross operating margin9900€58,566€631▼
Operating profit (loss)9901€51,491-€7,796▼
Financial income75/76B€63€1,822▲
Recurring financial income75€63€1,822▲
Financial charges65/66B€1,820€1,984▲
Recurring financial charges65€1,820€1,984▲
Profit (loss) for the period before taxes9903€49,733-€7,958▼
Income taxes67/77€10,869€1,010▼
Profit (loss) for the period9904€38,864-€8,968▼
Profit (loss) for the period to be appropriated9905€38,864-€8,968▼
Appropriation of the result
Profit (loss) to be appropriated9906€70,644€61,677▼
Profit (loss) brought forward from the previous period14P€31,781€70,644▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,519€6,959€6,985▲ 0.4%
Other operating charges640/8€428€116€1,442▲ 1,143%
Gross operating margin9900€45,557€58,566€631▼ 98.9%
Operating profit (loss)9901€41,610€51,491-€7,796▼ 115%
Financial income75/76B€7€63€1,822▲ 2,811%
Recurring financial income75€7€63€1,822▲ 2,811%
Financial charges65/66B€1,157€1,820€1,984▲ 9.0%
Recurring financial charges65€1,157€1,820€1,984▲ 9.0%
Profit (loss) for the period before taxes9903€40,460€49,733-€7,958▼ 116%
Income taxes67/77€8,680€10,869€1,010▼ 90.7%
Profit (loss) for the period9904€31,781€38,864-€8,968▼ 123%
Profit (loss) for the period to be appropriated9905€31,781€38,864-€8,968▼ 123%
Line202320242025Change
Assets
Total assets20/58€118,609€147,341€96,093▼ 34.8%
Fixed assets21/28€29,170€23,553€16,567▼ 29.7%
Tangible fixed assets22/27€29,170€23,553€16,567▼ 29.7%
Plant, machinery and equipment23-€921€473▼ 48.6%
Furniture and vehicles24€9,125€6,976€4,827▼ 30.8%
Leasing and similar rights25€20,045€15,656€11,267▼ 28.0%
Current assets29/58€89,440€123,788€79,525▼ 35.8%
Amounts receivable within one year40/41€36,542€55,127€37,049▼ 32.8%
Trade receivables40€34,679€52,261€27,603▼ 47.2%
Other amounts receivable41€1,863€2,866€9,446▲ 230%
Cash at bank and in hand54/58€52,898€68,661€42,476▼ 38.1%
Equity and liabilities
Total equity and liabilities10/49€118,609€147,341€96,093▼ 34.8%
Equity10/15€31,781€72,644€63,677▼ 12.3%
Contributions10/11-€2,000€2,000=
Profit (loss) carried forward14€31,781€70,644€61,677▼ 12.7%
Amounts payable17/49€86,829€74,696€32,416▼ 56.6%
Amounts payable after more than one year17€32,322€20,613€8,484▼ 58.8%
Financial debts170/4€32,322€20,613€8,484▼ 58.8%
Amounts payable within one year42/48€54,506€54,083€23,932▼ 55.7%
Current portion of amounts payable after more than one year42€10,941€11,710€4,319▼ 63.1%
Financial debts43--€7,810-
Credit institutions430/8--€7,810-
Trade debts44€6,672€15,883€11,803▼ 25.7%
Suppliers440/4€6,672€15,883€11,803▼ 25.7%
Advances received on contracts in progress46€26,605€15,495--
Taxes, remuneration and social security45€10,289€10,995--
Taxes450/3€8,680€10,869--
Remuneration and social security454/9€1,609€126--
Line202320242025Change
Profit (loss) for the period9904€31,781€38,864-€8,968▼ 123%
+ Depreciation and write-downs630€3,519€6,959€6,985▲ 0.4%
Operating cash flow (approximation)€35,299€45,823-€1,983▼ 104%
Investment in fixed assets (approximation)--€1,343€0▲ 100%
Change in cash-€15,764-€26,185▼ 266%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
10-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
31-03
Financial Weakest financial yearnet -€8,968
Net result drops to -€8,968, the lowest in the series.
2024
02-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial Highest result since 2023net €38,864 ▲22.3%
Operating result €51,491, net result €38,864, both a record.
06-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Zele
exact location from the address register On OpenStreetMap
Ground area
449 m²
Building footprint
94 m²
Volume, LiDAR
606 m³
Parcel 42402C0415/00S000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42402C0415/00S000 Flanders 449 m² 1 · 94 m² 9.6 m · 2 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.

Recognitions · licences · registrations

Recognised contractor

1 category
STAR-DAL BV#10278
category C, class 1
decision 05-11-2025 · valid until 04-07-2027

Similar companies · same sector, comparable size

Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 6,195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded30-03-2022
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784214811
Also 9925:BE0784214811
Registered 19-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.