STAR SYSTEM COMPUTER
ActiveSummary
The computed 12-month bankruptcy probability of STAR SYSTEM COMPUTER is 2.7% (moderate). The 2025 annual accounts show negative equity (-€74,911) and a net result of -€38,597. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18606 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.75 in 2024; short-term debt: 710.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-610.1%
Return on assets
-314.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year -€74,911
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 10 filingsDeviation from the deadline
2025
42 d late
2024
139 d late
2023
146 d late
2022
151 d late
2020
153 d late
2019
153 d late
2018
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 134 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€21,796▼ 70.3%
2023 · €73,485
EBIT margin
-33.3%▼ 27.1pp
2023 · -6.2%
Net result
-€38,597▼ 417%
2024 · -€7,470
Working capital
-€74,911▼ 106%
2024 · -€36,314
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Turnover€78,401▲ 24.4%€80,973-€73,485▼ 9.2%€21,796▼ 70.3%
Operating result-€8,238▼ 67.8%€4,742--€4,549-€7,267▼ 59.8%-€38,275▼ 427%
Net result-€8,639below the sector's middle half▼ 68.0%€4,425within the sector's middle half--€12,402below the sector's middle half-€7,470below the sector's middle half▲ 39.8%-€38,597below the sector's middle half▼ 417%
EBIT margin-10.5%▼ 2.7pp5.9%--6.2%▼ 12.0pp-33.3%▼ 27.1pp
Equity-€32,067below the sector's middle half▼ 36.9%-€16,442below the sector's middle half--€28,845below the sector's middle half▼ 75.4%-€36,314below the sector's middle half▼ 25.9%-€74,911below the sector's middle half▼ 106%
Total assets€70,459within the sector's middle half▼ 4.2%€133,609within the sector's middle half-€134,328within the sector's middle half▲ 0.5%€109,126within the sector's middle half▼ 18.8%€12,279below the sector's middle half▼ 88.7%
Debt€102,527▲ 5.7%€150,051-€163,173▲ 8.7%€145,441▼ 10.9%€87,190▼ 40.1%
Working capital-€32,067below the sector's middle half▼ 36.9%-€16,442below the sector's middle half--€28,845below the sector's middle half▼ 75.4%-€36,314below the sector's middle half▼ 25.9%-€74,911below the sector's middle half▼ 106%
Solvency-45.5%below the sector's middle half▼ 13.7pp-12.3%below the sector's middle half--21.5%below the sector's middle half▼ 9.2pp-33.3%below the sector's middle half▼ 11.8pp-610.1%below the sector's middle half▼ 576.8pp
Current ratio0.69below the sector's middle half▼ 0.070.89within the sector's middle half-0.82below the sector's middle half▼ 0.070.75below the sector's middle half▼ 0.070.14below the sector's middle half▼ 0.61
Return on assets (ROA)-12.3%below the sector's middle half▼ 5.3pp3.3%within the sector's middle half--9.2%below the sector's middle half▼ 12.5pp-6.8%below the sector's middle half▲ 2.4pp-314.3%below the sector's middle half▼ 307.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result stays negative: a loss of €38,275 in 2025 against €7,267 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.16▲
2024 · -4.01
Debt ≤ 1 year
€87,190▼
2024 · €145,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €78,401 | €80,973 | €73,485 | €21,796 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €69,471 | €78,034 | €29,063 | - | - |
| Other operating charges640/8 | - | €6,760 | - | - | €1,363 | - |
| Non-recurring operating charges66A | - | - | - | - | €36,912 | - |
| Gross operating margin9900 | -€7,891 | €11,502 | -€4,549 | -€7,267 | - | - |
| Operating profit (loss)9901 | -€8,238 | €4,742 | -€4,549 | -€7,267 | -€38,275 | ▼ 427% |
| Financial income75/76B | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | €317 | €461 | €203 | €321 | ▲ 58.4% |
| Recurring financial charges65 | €401 | €317 | €461 | €203 | €321 | ▲ 58.4% |
| Profit (loss) for the period before taxes9903 | -€8,639 | €4,425 | -€5,009 | -€7,470 | -€38,597 | ▼ 417% |
| Income taxes67/77 | - | - | €7,393 | - | - | - |
| Profit (loss) for the period9904 | -€8,639 | €4,425 | -€12,402 | -€7,470 | -€38,597 | ▼ 417% |
| Profit (loss) for the period to be appropriated9905 | -€8,639 | €4,425 | -€12,402 | -€7,470 | -€38,597 | ▼ 417% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,459 | €133,609 | €134,328 | €109,126 | €12,279 | ▼ 88.7% |
| Current assets29/58 | €70,459 | €133,609 | €134,328 | €109,126 | €12,279 | ▼ 88.7% |
| Stocks and contracts in progress3 | €43,680 | €31,912 | €25,830 | €36,912 | - | - |
| Stocks30/36 | - | €31,912 | €25,830 | €36,912 | - | - |
| Amounts receivable within one year40/41 | €15,046 | €49,961 | €71,559 | €43,031 | €12,279 | ▼ 71.5% |
| Trade receivables40 | - | €47,630 | €70,195 | €41,668 | €12,279 | ▼ 70.5% |
| Other amounts receivable41 | - | €2,330 | €1,363 | €1,363 | - | - |
| Cash at bank and in hand54/58 | €11,734 | €51,736 | €36,939 | €29,183 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,459 | €133,609 | €134,328 | €109,126 | €12,279 | ▼ 88.7% |
| Equity10/15 | -€32,067 | -€16,442 | -€28,845 | -€36,314 | -€74,911 | ▼ 106% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€50,667 | -€35,042 | -€47,445 | -€54,914 | -€93,511 | ▼ 70.3% |
| Amounts payable17/49 | €102,527 | €150,051 | €163,173 | €145,441 | €87,190 | ▼ 40.1% |
| Amounts payable within one year42/48 | €102,527 | €150,051 | €163,173 | €145,441 | €87,190 | ▼ 40.1% |
| Financial debts43 | - | - | - | - | €294 | - |
| Credit institutions430/8 | - | - | - | - | €294 | - |
| Trade debts44 | €10,136 | €41,167 | €8,188 | €15,137 | €5,312 | ▼ 64.9% |
| Suppliers440/4 | - | €41,167 | €8,188 | €15,137 | €5,312 | ▼ 64.9% |
| Advances received on contracts in progress46 | - | €4,539 | €30,939 | €12,782 | €5,754 | ▼ 55.0% |
| Taxes, remuneration and social security45 | - | €9,355 | €7,931 | €6,266 | €6,651 | ▲ 6.1% |
| Taxes450/3 | - | €5,295 | €7,931 | €6,266 | €6,651 | ▲ 6.1% |
| Remuneration and social security454/9 | - | €4,060 | - | - | - | - |
| Other amounts payable47/48 | - | €94,991 | €116,115 | €111,255 | €69,178 | ▼ 37.8% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,639 | €4,425 | -€12,402 | -€7,470 | -€38,597 | ▼ 417% |
| Operating cash flow (approximation) | -€8,639 | €4,425 | -€12,402 | -€7,470 | -€38,597 | ▼ 417% |
| Change in cash | - | - | -€14,797 | -€7,756 | - | - |
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
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
03-08
State Gazette act
Admission: Basem Taib Omar (partner)Registered-office move · Power of attorney4 facts ▸
State Gazette act
Admission: Basem Taib Omar (partner)
Registered-office move · Power of attorney4 facts ▸
- General meeting, 22-07-2026
- Member admission, Basem Taib Omar (partner)
- Registered-office move, Boulevard Maurice Lemonnier, 67 1000 Bruxelles
- Power of attorney, Hamlaoui Ishak
2025
31-12
Financial
Weakest financial yearnet -€38,597
Net result drops to -€38,597, the lowest in the series.
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Back to profitnet €4,425
Net result €4,425 after 3 loss-making years.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 152 days late
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 135 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 186 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2010
Ground area
503 m²
Building footprint
463 m²
Volume, LiDAR
8,414 m³
2 parcels, Brussels · tallest building 27.1 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SCS
since 20102.187.012.874
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2110/00D000 | Brussels | 324 m² | 1 · 283 m² | 27.1 m · 8 fl. |
| 21302A0521/00K010 | Brussels | 179 m² | 1 · 180 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.