STAR PLUS
ActiveSummary
STAR PLUS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361k and a net result of €1.07M. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+57
Solvency41▲+41
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.62 in 2024; short-term debt: 26.9% and cash: 1.2% of total assets), and 84.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.5%
Return on assets
45.8%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
1 d early
2022
30 d late
2021
2 d early
2020
17 d late
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€361k
2024 · €-705k
Total assets
€2.33M▲ 118%
2024 · €1.07M
Net result
€1.07M▲ 3,200%
2024 · €32k
Working capital
€-252k▼ 17.4%
2024 · €-215k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€102k▲ 131%€89k▼ 12.9%€75k▼ 15.6%€55k▼ 26.5%€1.12M▲ 1,927%
Net result€71k▲ 449%€59k▼ 16.7%€42k▼ 29.0%€32k▼ 22.9%€1.07M▲ 3,200%
Equity€-838k▲ 7.8%€-779k▲ 7.0%€-738k▲ 5.4%€-705k▲ 4.4%€361k
Total assets€1.01M▼ 2.5%€1.11M▲ 9.8%€1.14M▲ 2.9%€1.07M▼ 6.3%€2.33M▲ 118%
Debt€1.85M▼ 5.0%€1.89M▲ 2.2%€1.88M▼ 0.5%€1.77M▼ 5.5%€1.97M▲ 11.0%
Working capital€-560k▲ 4.8%€-458k▲ 18.2%€-193k▲ 57.8%€-215k▼ 11.4%€-252k▼ 17.4%
Staff (FTE)3=3=2.1▼ 30.0%2▼ 4.8%2.3▲ 15.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,927% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.33M
Fixed assets
€1.95M ▲ 170%
Current assets
€375k ▲ 9.1%
Equity and liabilities €2.33M
Equity
€361k
Debt
€1.97M
Debt finances 84.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€1.14M▲
2024 · €57k
Cash flow
€1.09M▲
2024 · €34k
Current ratio
0.60▼
2024 · 0.62
Quick ratio
0.14▲
2024 · 0.10
Debt to equity
5.45▲
2024 · -2.51
ROE
295.2%
ROA
45.8%▲
2024 · 3.0%
Interest coverage
23.77▲
2024 · 2.47
Debt ≤ 1 year
€627k▲
2024 · €558k
Debt > 1 year
€1.33M▲
2024 · €1.21M
Income taxes
€6k
Staff costs
€142k▲
2024 · €113k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1.02M | - |
| Remuneration, social security and pensions62 | - | €146k | €109k | €113k | €142k | ▲ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €6k | €2k | €1k | €26k | ▲ 1,878% |
| Other operating charges640/8 | - | €4k | €1k | €3k | €3k | ▲ 22.3% |
| Gross operating margin9900 | €202k | €245k | €187k | €172k | €1.29M | ▲ 652% |
| Operating profit (loss)9901 | €102k | €89k | €75k | €55k | €1.12M | ▲ 1,927% |
| Financial income75/76B | - | - | €5 | - | €2k | - |
| Recurring financial income75 | €7 | - | €5 | - | €2k | - |
| Financial charges65/66B | - | €29k | €33k | €23k | €48k | ▲ 110% |
| Recurring financial charges65 | €29k | €29k | €33k | €23k | €48k | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €73k | €60k | €42k | €32k | €1.07M | ▲ 3,220% |
| Income taxes67/77 | €2k | €798 | - | - | €6k | - |
| Profit (loss) for the period9904 | €71k | €59k | €42k | €32k | €1.07M | ▲ 3,200% |
| Profit (loss) for the period to be appropriated9905 | €71k | €59k | €42k | €32k | €1.07M | ▲ 3,200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.01M | €1.11M | €1.14M | €1.07M | €2.33M | ▲ 118% |
| Fixed assets21/28 | €734k | €728k | €726k | €725k | €1.95M | ▲ 170% |
| Tangible fixed assets22/27 | €733k | €727k | €725k | €724k | €1.95M | ▲ 170% |
| Land and buildings22 | - | - | - | - | €1.95M | - |
| Plant, machinery and equipment23 | - | - | - | - | €724 | - |
| Furniture and vehicles24 | - | €619 | - | - | - | - |
| Other tangible fixed assets26 | - | €726k | €725k | €724k | €3k | ▼ 99.6% |
| Financial fixed assets28 | €865 | €865 | €865 | €865 | €865 | = |
| Current assets29/58 | €275k | €380k | €414k | €344k | €375k | ▲ 9.1% |
| Stocks and contracts in progress3 | €201k | €223k | €261k | €287k | €288k | ▲ 0.2% |
| Stocks30/36 | - | €223k | €261k | €287k | €288k | ▲ 0.2% |
| Amounts receivable within one year40/41 | €65k | €131k | €124k | €40k | €57k | ▲ 41.1% |
| Trade receivables40 | - | €126k | €29k | €17k | €29k | ▲ 71.7% |
| Other amounts receivable41 | - | €5k | €95k | €24k | €28k | ▲ 19.1% |
| Cash at bank and in hand54/58 | €9k | €26k | €29k | €16k | €28k | ▲ 79.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.01M | €1.11M | €1.14M | €1.07M | €2.33M | ▲ 118% |
| Equity10/15 | €-838k | €-779k | €-738k | €-705k | €361k | ▲ 151% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Revaluation surpluses12 | - | €500k | €500k | €500k | €500k | = |
| Reserves13 | €58k | €58k | €58k | €58k | €58k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Tax-exempt reserves132 | - | €56k | €56k | €56k | €56k | = |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-1.40M | €-1.34M | €-1.30M | €-1.27M | €-203k | ▲ 84.0% |
| Amounts payable17/49 | €1.85M | €1.89M | €1.88M | €1.77M | €1.97M | ▲ 11.0% |
| Amounts payable after more than one year17 | €1.01M | €1.05M | €1.27M | €1.21M | €1.33M | ▲ 9.2% |
| Financial debts170/4 | - | €240k | €78k | €197k | €726k | ▲ 268% |
| Other amounts payable178/9 | - | €810k | €1.19M | €1.02M | €600k | ▼ 41.0% |
| Amounts payable within one year42/48 | €835k | €838k | €607k | €558k | €627k | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €113k | €332k | €78k | €100k | ▲ 27.5% |
| Financial debts43 | - | €140k | €140k | €140k | €140k | = |
| Credit institutions430/8 | - | €140k | €140k | €140k | €140k | = |
| Trade debts44 | €482k | €466k | €78k | €241k | €259k | ▲ 7.8% |
| Suppliers440/4 | - | €466k | €78k | €241k | €259k | ▲ 7.8% |
| Taxes, remuneration and social security45 | - | €105k | €57k | €100k | €114k | ▲ 14.3% |
| Taxes450/3 | - | €87k | €50k | €89k | €94k | ▲ 6.1% |
| Remuneration and social security454/9 | - | €18k | €7k | €11k | €20k | ▲ 82.1% |
| Other amounts payable47/48 | - | €13k | - | - | €14k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €15k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €59k | €42k | €32k | €1.07M | ▲ 3,200% |
| + Depreciation and write-downs630 | €9k | €6k | €2k | €1k | €26k | ▲ 1,878% |
| Operating cash flow (approximation) | €80k | €65k | €44k | €34k | €1.09M | ▲ 3,149% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-1.26M | - |
| Change in cash | - | €18k | €3k | €-13k | €12k | ▲ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €1.07M ▲3,200%
Operating result €1.12M, net result €1.07M, both a record.
31-03
Financial
Equity above €200kEq €361k
6 profitable years in a row build equity to €361k.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
31-03
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Middelkerke · 1 establishment unit since 2002
Ground area
1,237 m²
Building footprint
681 m²
Volume, LiDAR
2,691 m³
Parcel 35011A0429/00Z000, Flanders · tallest building 4.5 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
STAR PLUS MIDDELKERKE
since 20022.096.128.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011A0429/00Z000 | Flanders | 1,237 m² | 1 · 681 m² | 4.5 m · 1 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.
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Of 979 companies in sector 46431 we hold annual accounts for 705. 547 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
Founded11-09-1996
Fiscal year end31-03
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
95100Repair and maintenance of computers and communication equipment
Contact
Scores and ratios are computed by Checked and are not a credit decision.