STARFISH
ActiveSummary
STARFISH has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €595,299 and a net result of -€26,986. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 45% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-1
Solvency60▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.31 in 2024; short-term debt: 26.9% and cash: 21.5% of total assets), and 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192021232425
2019 to 2025 · latest year -€26,986
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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
27 d late
2024
25 d late
2023
26 d late
2021
21 d late
2020
13 d early
2019
53 d early
2018
1 d early
← 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 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€595,299▼ 4.3%
2024 · €622,285
Total assets
€1.7m▼ 0.1%
2024 · €1.7m
Net result
-€26,986▼ 77.3%
2024 · -€15,222
Working capital
€159,850▲ 18.9%
2024 · €134,393
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20202021202320242025
Operating result€127,956▼ 7.3%€107,352▼ 16.1%-€15,851--€15,178▲ 4.2%-€27,119▼ 78.7%
Net result€72,814within the sector's middle half▼ 9.1%€75,934within the sector's middle half▲ 4.3%-€16,229below the sector's middle half--€15,222below the sector's middle half▲ 6.2%-€26,986below the sector's middle half▼ 77.3%
Equity€577,295within the sector's middle half▲ 14.4%€653,229within the sector's middle half▲ 13.2%€637,507above the sector's middle half-€622,285above the sector's middle half▼ 2.4%€595,299above the sector's middle half▼ 4.3%
Total assets€1.8mwithin the sector's middle half▲ 3.7%€1.7mwithin the sector's middle half▼ 8.4%€1.7mabove the sector's middle half-€1.7mabove the sector's middle half▼ 0.7%€1.7mabove the sector's middle half▼ 0.1%
Debt€1.2m▼ 0.6%€1.0m▼ 18.3%€1.1m-€1.1m▲ 0.3%€1.1m▲ 2.4%
Working capital€123,267within the sector's middle half▲ 173%€70,320within the sector's middle half▼ 43.0%€97,171within the sector's middle half-€134,393above the sector's middle half▲ 38.3%€159,850above the sector's middle half▲ 18.9%
Solvency31.6%within the sector's middle half▲ 3.0pp39.0%within the sector's middle half▲ 7.4pp37.7%within the sector's middle half-37.1%within the sector's middle half▼ 0.6pp35.5%within the sector's middle half▼ 1.6pp
Current ratio1.29within the sector's middle half▲ 0.171.18within the sector's middle half▼ 0.101.23within the sector's middle half-1.31within the sector's middle half▲ 0.091.35within the sector's middle half▲ 0.04
Return on assets (ROA)4.0%within the sector's middle half▼ 0.6pp4.5%within the sector's middle half▲ 0.6pp-1.0%within the sector's middle half--0.9%within the sector's middle half▲ 0.1pp-1.6%within the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,119 in 2025 against €15,178 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.1m ▼ 4.7%
Current assets
€611,538 ▲ 9.0%
Equity and liabilities €1.7m
Equity
€595,299 ▼ 4.3%
Debt
€1.1m ▲ 2.4%
Debt's share of the balance-sheet total rises from 62.9% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,325▼
2024 · €37,266
Cash flow
€25,458▼
2024 · €37,222
Debt to equity
1.82▲
2024 · 1.70
ROE
-4.5%▼
2024 · -2.4%
Interest coverage
450.87▼
2024 · 955.53
Debt ≤ 1 year
€451,688▲
2024 · €426,715
Debt > 1 year
€630,000=
2024 · €630,000
Income taxes
€248▼
2024 · €308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 8,616 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 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,713 | €58,369 | €51,245 | €52,444 | €52,444 | = |
| Other operating charges640/8 | - | - | €7,680 | €7,830 | €8,860 | ▲ 13.2% |
| Gross operating margin9900 | €196,195 | €173,675 | €43,074 | €45,095 | €34,186 | ▼ 24.2% |
| Operating profit (loss)9901 | €127,956 | €107,352 | -€15,851 | -€15,178 | -€27,119 | ▼ 78.7% |
| Financial income75/76B | - | - | €0 | €304 | €437 | ▲ 43.9% |
| Recurring financial income75 | €4 | €11 | €0 | €304 | €437 | ▲ 43.9% |
| Financial charges65/66B | - | - | €57 | €39 | €56 | ▲ 44.0% |
| Recurring financial charges65 | €20,257 | €2,380 | €57 | €39 | €56 | ▲ 44.0% |
| Profit (loss) for the period before taxes9903 | €107,702 | €104,983 | -€15,908 | -€14,914 | -€26,738 | ▼ 79.3% |
| Income taxes67/77 | €34,889 | €29,049 | €321 | €308 | €248 | ▼ 19.5% |
| Profit (loss) for the period9904 | €72,814 | €75,934 | -€16,229 | -€15,222 | -€26,986 | ▼ 77.3% |
| Profit (loss) for the period to be appropriated9905 | €72,814 | €75,934 | -€16,229 | -€15,222 | -€26,986 | ▼ 77.3% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 0.1% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 4.7% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 4.7% |
| Land and buildings22 | - | - | €1.2m | €1.1m | €1.1m | ▼ 4.7% |
| Furniture and vehicles24 | - | - | €1,689 | €1,209 | €729 | ▼ 39.7% |
| Current assets29/58 | €552,028 | €454,180 | €520,665 | €561,107 | €611,538 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €17,742 | €37,875 | €6,462 | €9,382 | €25,344 | ▲ 170% |
| Trade receivables40 | - | - | - | - | €14,000 | - |
| Other amounts receivable41 | - | - | €6,462 | €9,382 | €11,344 | ▲ 20.9% |
| Current investments50/53 | - | - | - | €200,128 | €200,128 | = |
| Cash at bank and in hand54/58 | €530,533 | €414,141 | €509,296 | €342,181 | €361,069 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | - | €4,907 | €9,416 | €24,997 | ▲ 165% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 0.1% |
| Equity10/15 | €577,295 | €653,229 | €637,507 | €622,285 | €595,299 | ▼ 4.3% |
| Contributions10/11 | €297,472 | €297,472 | €297,472 | €297,472 | €297,472 | = |
| Capital10 | - | - | €297,472 | €297,472 | €297,472 | = |
| Issued capital100 | - | - | €297,472 | €297,472 | €297,472 | = |
| Reserves13 | €29,747 | €279,823 | €340,035 | €324,813 | €297,826 | ▼ 8.3% |
| Non-distributable reserves130/1 | - | - | €29,747 | €29,747 | €29,747 | = |
| Legal reserve130 | - | - | €29,747 | €29,747 | €29,747 | = |
| Distributable reserves133 | - | - | €310,288 | €295,066 | €268,079 | ▼ 9.1% |
| Profit (loss) carried forward14 | €250,076 | €75,934 | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.0m | €1.1m | €1.1m | €1.1m | ▲ 2.4% |
| Amounts payable after more than one year17 | €806,023 | €630,000 | €630,000 | €630,000 | €630,000 | = |
| Financial debts170/4 | - | - | €630,000 | €630,000 | €630,000 | = |
| Amounts payable within one year42/48 | €428,761 | €383,860 | €423,494 | €426,715 | €451,688 | ▲ 5.9% |
| Trade debts44 | €5,936 | €7,752 | €57,381 | €11,886 | €347 | ▼ 97.1% |
| Suppliers440/4 | - | - | €57,381 | €11,886 | €347 | ▼ 97.1% |
| Taxes, remuneration and social security45 | - | - | €321 | €788 | €578 | ▼ 26.6% |
| Taxes450/3 | - | - | €321 | €788 | €578 | ▼ 26.6% |
| Other amounts payable47/48 | - | - | €365,792 | €414,041 | €450,763 | ▲ 8.9% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,814 | €75,934 | -€16,229 | -€15,222 | -€26,986 | ▼ 77.3% |
| + Depreciation and write-downs630 | €62,713 | €58,369 | €51,245 | €52,444 | €52,444 | = |
| Operating cash flow (approximation) | €135,527 | €134,302 | €35,016 | €37,222 | €25,458 | ▼ 31.6% |
| Investment in fixed assets (approximation) | - | -€3,103 | - | €0 | €0 | - |
| Change in cash | - | -€116,393 | - | -€167,115 | €18,887 | ▲ 111% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet -€26,986
Net result drops to -€26,986, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 21 days late
2021
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 1999
Ground area
214 m²
Building footprint
124 m²
Volume, LiDAR
951 m³
Parcel 44802B1398/00D000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STARFISH
since 19992.072.966.907
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1398/00D000 | Flanders | 214 m² | 1 · 124 m² | 12.4 m · 3 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.
Similar companies · same sector, comparable size
H & R NETWORKING
BE 0479.489.113
Beerse · Eq €599,008
A - M SEVADEPANNAGES
BE 0445.679.168
Villers-le-Bouillet · Eq €600,768
ETABLISSEMENTEN TOBIAS
BE 0430.769.872
Pajottegem · Eq €589,754
SQUARE
BE 0870.080.793
Sint-Pieters-Leeuw · Eq €603,161
ADVANCED MICRO DEVICES BELGIUM
BE 0425.773.976
Brussel · Eq €586,747
Of 2,119 companies in sector 46500 we hold annual accounts for 1,408. 979 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-08-1995
Fiscal year end30-06
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455818143
Also
9925:BE0455818143
Registered
10-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.