STAR GLASS

Active

Private limited companyfounded 20179 yrs activeVanderstraetenstraat 61, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0675.996.463

The computed 12-month bankruptcy probability of STAR GLASS is 3.0% (moderate). The 2024 annual accounts show equity of €17k and a net result of €3k. Equity is growing by ~125.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 6717 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

38 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability71▼-3

Solvency35▼-9

Growth78=

Track record100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.98 against 1.14 in 2023; short-term debt: 89.6% and cash: 5.2% of total assets), and 89.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

10.4%

Return on assets

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 6717 sector peers (2024).

NBB · sector comparison

Position among 6717 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 7 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

30 d late

2022

60 d late

2021

31 d late

2020

31 d late

2019

89 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€3k▲ 5.1%

2023 · €3k

2018: €-6k 2019: €743 2020: €2k 2021: €2k 2022: €13k 2023: €3k

2018 → 2024

Working capital

€-2k

2023 · €8k

2018: €79 2019: €822 2020: €2k 2021: €4k 2022: €14k 2023: €8k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€2k-€4k▲ 72.0%€17k▲ 304%€14k▼ 19.0%€17k▲ 23.0%

Operating result€2k-€2k▲ 7.5%€7k▲ 279%€3k▼ 54.9%€3k▲ 5.5%

Net result€2k-€2k▲ 8.8%€13k▲ 625%€3k▼ 76.5%€3k▲ 5.1%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 6% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €161k

12%

88.0%

Fixed assets €19k▲ 253%

Current assets €142k▲ 116%

Equity and liabilities €161k

10%

89.6%

Equity €17k▲ 23.0%

Debt €144k▲ 151%

The debt ratio rises from 80.8% to 89.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€8k▲

2023 · €4k

Cash flow

€8k▲

2023 · €4k

Solvency

10.4%▼

2023 · 19.2%

Current ratio

0.98▼

2023 · 1.14

Quick ratio

0.49▲

2023 · 0.05

Debt / equity

8.58▲

2023 · 4.21

ROE

18.7%▼

2023 · 21.9%

ROA

2.0%▼

2023 · 4.2%

Interest coverage

85.20▲

2023 · 47.83

Debt

€144k▲

2023 · €57k

Debt ≤ 1 year

€144k▲

2023 · €57k

Staff costs

€23k▲

2023 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€71k€161k▲

Fixed assets21/28€5k€19k▲

Tangible fixed assets22/27€5k€19k▲

Furniture and vehicles24€5k€19k▲

Current assets29/58€66k€142k▲

Stocks and contracts in progress3€63k€71k▲

Stocks30/36€63k€71k▲

Amounts receivable within one year40/41-€62k

Trade receivables40-€61k

Other amounts receivable41-€736

Cash at bank and in hand54/58€3k€8k▲

Equity and liabilities

Total equity and liabilities10/49€71k€161k▲

Equity10/15€14k€17k▲

Profit (loss) carried forward14€14k€17k▲

Amounts payable17/49€57k€144k▲

Amounts payable within one year42/48€57k€144k▲

Trade debts44€22k€47k▲

Suppliers440/4€22k€47k▲

Taxes, remuneration and social security45€29k€34k▲

Taxes450/3€15k€14k▼

Remuneration and social security454/9€14k€20k▲

Other amounts payable47/48€7k€63k▲

Income statement Code20232024

Remuneration, social security and pensions62€8k€23k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€820€5k▲

Other operating charges640/8€305€826▲

Gross operating margin9900€13k€33k▲

Operating profit (loss)9901€3k€3k▲

Financial charges65/66B€81€99▲

Recurring financial charges65€81€99▲

Profit (loss) for the period before taxes9903€3k€3k▲

Profit (loss) for the period9904€3k€3k▲

Profit (loss) for the period to be appropriated9905€3k€3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€14k€17k▲

Profit (loss) brought forward from the previous period14P€11k€14k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

31-12

Financial Highest result since 2018net €13k ▲625%

Operating result €7k, net result €13k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

28-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 89 days late

2019

31-12

Financial Back to profitnet €743

Net result €743 after one loss-making year.

29-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Sint-Jans-Molenbeek · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vanderstraetenstraat 611080 Sint-Jans-Molenbeek

Ground area

65 m²

Building footprint

65 m²

Volume, LiDAR

193 m³

Parcel 21523B0937/00A088, Brussels · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

STAR GLASS

Vanderstraetenstraat 61, 1080 Sint-Jans-MolenbeekNACE 45203

since 20172.272.705.248

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21523B0937/00A088	Brussels	65 m²	1 · 65 m²	8.7 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

TRANSPORT GIELEN LEON

BE 0461.201.049

Heist-op-den-Berg · Eq €17k

Sint-Agatha-Berchem · Eq €17k

H-Truck Belgium

BE 0787.365.628

Kontich · Eq €17k

Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 4,702 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-05-2017

Fiscal year end31-12

Activities, NACEBEL

95313Repair and fitting of specific motor vehicle parts

49410Freight transport by road

46711Wholesale of cars and light vans (up to 3.5 tonnes)

47820Retail sale of motor vehicle parts and accessories

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.