Equity
€15.9m ▲ 32.9%
STAR Group Belgium has made a profit without a break since 2010.
STAR Group Belgium
Lifetime
17 annual accounts with figures on one time axispeak €95.3m (2025)
€95.3m▲ 18.1%
lowest -€208,967 (2009)
€3.9m▲ 47.6%
peak €15.9m (2025)
€15.9m▲ 32.9%
€13.2m▲ 6.5%
peak 273 FTE (2025)
273 FTE▲ 3.9%
Board6 names since 2020
2 directorsRPR INVEST and 1 other
Owners2 names in the annual accounts
consolidatesThe Specialist Group International BV
Documentsfilings and deeds
06-05-202686 days before the deadline
2025financial year
Turnover from €80.7m to €95.3mResult from €2.7m to €3.9m1 director appointed, 1 resignation, 1 statutory auditor reap… 24-04Equity from €11.9m to €15.9mCash from €115,760 to €3.4m
Key points
from the 2025 annual accountsResult
€3.9m ▲ 47.6%
The result rose in 2025 from €2.7m to €3.9m.
Staff
270 employees on 31-12-2025
In 2025, 143 people joined and 158 left.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 6 to 86 days before the end of the period.
Board
2 joined
New directors. Latest change 01-03-2026 · 4 in office.
Position in the sector
€3.9m
Higher net result than 95% of companies in office administrative support. Sector median €49,016 · 1,168 companies.
Checked score
95
Excellent
Financially stronger than 59% of large companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 51 companies (NACE 82, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: turnover €95.3m, 273 FTE, total assets €29.1m
Equity €15.9m (54.6% of total assets)
Liquidity: current ratio 2.25, cash €3.4m
Founded in 2008
Calculation
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 82, large). It does better than 45% of them on solvency, 29% on liquidity, 82% on profitability and 82% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 449 companies had the same profile as STAR Group Belgium has now. Each dot is one company, two years later.
96.9%
were still trading
3.1%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of STAR Group Belgium itself: < 0.1% within 12 months.
Test of the method
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 449 companies, not a prediction for STAR Group Belgium. 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.
Credit verdict
Credit of up to €1,500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.25 (1.97 in 2024), above the usual 1.5. Short-term debt is 44.2% and cash 11.7% of total assets. 45.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 days early
2024
78 days early
2023
44 days early
2022
6 days early
2021
60 days early
2020
19 days early
2019
73 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
TS
The Specialist Group International
Director, HOEVE Sil, since 14-06-2024
- The Specialist Group International BV consolidatesannual accounts 2025
Recent changes
Permanent representative: Christian Caluwaerts
Appointment: Sébastien Remes (managing director) · Board meeting of 25-08-2026 · Gazette deed
2 directors appointed, 1 resignation
Appointments: Sébastien Remes and Sari Van Tendeloo (managing director) · Resignation: RPR INVEST BV (managing director) · Permanent representative: Robert Pronk · General meeting of 05-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899133679
1 director appointed, 1 resignation, 1 statutory auditor reappointed, 1 reappointment
Appointment: The Specialist Group International (class A director) · Permanent representatives: HOEVE Sil and PRONK Robert · Reappointments: Baker Tilly Bedrijfsrevisoren BV (statutory auditor) and RPR Invest (managing director) · General meeting of 15-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STAR Group Belgium Antwerp | €95.3m | 6.4% | 54.6% | 273 |
| Bright Plus Outsourcing Solutions Antwerp | €47.4m | 17.3% | 76.5% | 438.9 |
| RGF Staffing Belgium Antwerp | €36.8m | 3.3% | 30.1% | 159.5 |
| TORMANS BV Geel | €36.2m | 3.8% | 80.0% | 114.7 |
| STHREE BELGIUM Brussels | €51.4m | 0.9% | 10.2% | 128.4 |
| WALLONIE BRUXELLES CONTACT CENTER Ans | €40.8m | 3.6% | - | 396.6 |
| AMERICAN CLOTHING DISTRIBUTION Evergem | €33.7m | 1.7% | 24.9% | 143.6 |
Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as STAR Group Belgium: other business support services (NACE 82990). They are comparable in size and age: total assets between €13m and €52m, founded between 1997 and 2008.
Official details
Source: KBO- Status
- Active since 01-07-2008Normal situation
- Activity
- Other business support servicesNACE 82990and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.172.229.9752000 Antwerp, since 01-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 17-07-2025
Annual accounts 2025
- €29.1m▲ 19.5%
- Employeeson 31-12-2025
- 270▼ 5.3%
- Filing
- Filed on 06-05-2026, 86 days before the end of the filing period
Insights on STAR Group Belgium
STAR Group Belgium has existed since 2008. Turnover grew from €8.3m in 2012 to €95.3m in 2025 and staff from 28.3 to 273 full-time equivalents.
Turnover has grown every year since 2020. Solvency rose in 2025 from 49.1% to 54.6% because of the retained profit.
In October 2026, the Official Gazette published the appointment of Sébastien Remes as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STAR Group Belgium
- What is the company number of STAR Group Belgium?
- The company number of STAR Group Belgium is 0899.133.679. The VAT number is the same number with BE in front: BE 0899.133.679.
- Where is STAR Group Belgium based?
- The registered office is at Kribbestraat 12-20, 2000 Antwerp.Company details
- What does STAR Group Belgium do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of STAR Group Belgium?
- STAR Group Belgium is a public limited company (NV).
- When was STAR Group Belgium founded?
- STAR Group Belgium was founded on 01-07-2008.
- Is STAR Group Belgium still active?
- Yes, STAR Group Belgium is an active enterprise in the KBO register.
- How many employees does STAR Group Belgium have?
- STAR Group Belgium had an average of 273 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STAR Group Belgium fall under?
- In its 2025 annual accounts, STAR Group Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of STAR Group Belgium?
- The turnover of STAR Group Belgium was €95.3m in financial year 2025, according to the filed annual accounts.
- Is STAR Group Belgium profitable?
- In financial year 2025, STAR Group Belgium made a profit of €3.9m.
- Where can I find the annual accounts of STAR Group Belgium?
- STAR Group Belgium filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STAR Group Belgium due?
- STAR Group Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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