STAR RACING
ActiveSTAR RACING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.99M and a net result of €520k. Equity is growing by ~50.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-12
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 4.24 in 2024; short-term debt: 25.3% and cash: 93.4% of total assets), and 25.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
74.6%
Return on assets
12.9%
Age of the figures
9 mo
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
21 d early
2024
21 d early
2023
29 d early
2022
1 d late
2021
1 d late
2020
17 d late
2019
53 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.63M▼ 54.7%
2019 · €3.60M
2018: €3.40M
2019: €3.60M
2018 → 2020
EBIT margin
3.2%▼ 10.6pp
2019 · 13.9%
2018: 11.0%
2019: 13.9%
2018 → 2020
Net result
€520k▼ 27.4%
2024 · €716k
2018: €138k
2019: €226k
2020: €-68k
2021: €395k
2022: €479k
2023: €582k
2024: €716k
2018 → 2025
Working capital
€2.92M▲ 21.2%
2024 · €2.41M
2018: €703k
2019: €996k
2020: €988k
2021: €690k
2022: €1.15M
2023: €1.72M
2024: €2.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€698k-€1.18M▲ 68.6%€1.76M▲ 49.4%€2.47M▲ 40.7%€2.99M▲ 21.0%
Operating result€800k-€894k▲ 11.7%€816k▼ 8.8%€994k▲ 21.9%€741k▼ 25.5%
Net result€395k-€479k▲ 21.2%€582k▲ 21.4%€716k▲ 23.1%€520k▼ 27.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.01M
Fixed assets
€82k▲ 12.3%
Current assets
€3.93M▲ 24.8%
Equity and liabilities €4.01M
Equity
€2.99M▲ 21.0%
Debt
€1.02M▲ 36.1%
The debt ratio rises from 23.2% to 25.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€765k▼
2024 · €1.01M
Cash flow
€544k▼
2024 · €733k
Solvency
74.6%▼
2024 · 76.8%
Current ratio
3.88▼
2024 · 4.24
Quick ratio
3.84▼
2024 · 4.18
Debt / equity
0.34▲
2024 · 0.30
ROE
17.4%▼
2024 · 28.9%
ROA
12.9%▼
2024 · 22.2%
Interest coverage
16.83▼
2024 · 26.56
Debt
€1.02M▲
2024 · €750k
Debt ≤ 1 year
€1.01M▲
2024 · €744k
Income taxes
€177k▼
2024 · €242k
Staff costs
€1.42M▲
2024 · €1.29M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.22M€4.01M▲
Fixed assets21/28€73k€82k▲
Tangible fixed assets22/27€73k€82k▲
Plant, machinery and equipment23€52k€52k▼
Furniture and vehicles24€21k€30k▲
Financial fixed assets28€325€325=
Current assets29/58€3.15M€3.93M▲
Stocks and contracts in progress3€40k€38k▼
Stocks30/36€40k€38k▼
Amounts receivable within one year40/41€58k€76k▲
Trade receivables40€23k€23k▼
Other amounts receivable41€35k€53k▲
Cash at bank and in hand54/58€3.00M€3.75M▲
Deferred charges and accrued income490/1€53k€70k▲
Equity and liabilities
Total equity and liabilities10/49€3.22M€4.01M▲
Equity10/15€2.47M€2.99M▲
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€2.45M€2.97M▲
Amounts payable17/49€750k€1.02M▲
Amounts payable within one year42/48€744k€1.01M▲
Trade debts44€160k€203k▲
Suppliers440/4€160k€203k▲
Advances received on contracts in progress46€370k€577k▲
Taxes, remuneration and social security45€206k€234k▲
Taxes450/3€10k€23k▲
Remuneration and social security454/9€196k€212k▲
Other amounts payable47/48€9k€0▼
Accrued charges and deferred income492/3€6k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€0€10k▲
Remuneration, social security and pensions62€1.29M€1.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€24k▲
Other operating charges640/8€56k€60k▲
Non-recurring operating charges66A€8k€0▼
Gross operating margin9900€2.37M€2.25M▼
Operating profit (loss)9901€994k€741k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€38k€45k▲
Recurring financial charges65€38k€45k▲
Profit (loss) for the period before taxes9903€958k€697k▼
Income taxes67/77€242k€177k▼
Profit (loss) for the period9904€716k€520k▼
Profit (loss) for the period to be appropriated9905€716k€520k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.45M€2.97M▲
Profit (loss) brought forward from the previous period14P€1.73M€2.45M▲
Social balance
Average headcount (FTE)908720.621.3▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €716k ▲23.1%
Operating result €994k, net result €716k, both a record.
31-12
Financial
Equity above €2MEq €2.47M ▲40.7%
4 profitable years in a row build equity to €2.47M.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
31-12
Financial
Equity above €1MEq €1.18M ▲68.6%
2 profitable years in a row build equity to €1.18M.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
31-12
Financial
Back to profitnet €395k
Net result €395k after one loss-making year.
31-12
Financial
Equity above €500kEq €698k ▲130%
Equity rises from €303k to €698k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-68k ▼130%
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
31-12
Financial
Equity above €200kEq €371k ▲154%
2 profitable years in a row build equity to €371k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2011
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-03-2011
Resigned as Daily management
Location & real-estate footprint
Registered office, Stavelot · 1 establishment unit since 2010
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.
Route du Circuit 224970 StavelotGround area
1.1 ha
Building footprint
2,306 m²
Volume, LiDAR
22,914 m³
Parcel 63027B1853/00K002, Wallonia · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
STAR RACING
since 20102.188.422.344
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027B1853/00K002 | Wallonia | 1.1 ha | 1 · 2,306 m² | 17.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteStavelot2.188.422.344
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 679 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2010
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
56302Nightclubs
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.