STARGAU
ActiveSummary
STARGAU has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €656,443 and a net result of €166,718. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 2737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-11
Solvency100▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.14 in 2024; short-term debt: 22.8% and cash: 6.2% of total assets), and 24.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
75.8%
Return on assets
19.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €656,443
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 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
12 d early
2021
32 d early
2020
116 d early
2019
25 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 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€656,443▲ 34.0%
2024 · €489,725
Total assets
€865,814▼ 12.7%
2024 · €991,785
Net result
€166,718▼ 25.6%
2024 · €224,094
Working capital
-€9,522
2024 · €40,744
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€196,473▼ 65.9%-€322,706-€23,245▲ 92.8%€190,480€137,866▼ 27.6%
Net result€107,302within the sector's middle half▼ 76.9%-€360,774below the sector's middle half-€29,484below the sector's middle half▲ 91.8%€224,094above the sector's middle half€166,718above the sector's middle half▼ 25.6%
Equity€442,688within the sector's middle half▲ 32.0%€81,914within the sector's middle half▼ 81.5%€265,630within the sector's middle half▲ 224%€489,725within the sector's middle half▲ 84.4%€656,443above the sector's middle half▲ 34.0%
Total assets€923,135within the sector's middle half▼ 3.9%€920,307within the sector's middle half▼ 0.3%€713,644within the sector's middle half▼ 22.5%€991,785within the sector's middle half▲ 39.0%€865,814within the sector's middle half▼ 12.7%
Debt€480,446▼ 23.1%€838,393▲ 74.5%€448,014▼ 46.6%€502,060▲ 12.1%€209,372▼ 58.3%
Working capital€496,418above the sector's middle half▲ 41.7%€217,516within the sector's middle half▼ 56.2%€454,129above the sector's middle half▲ 109%€40,744within the sector's middle half▼ 91.0%-€9,522below the sector's middle half
Solvency48.0%within the sector's middle half▲ 13.0pp8.9%below the sector's middle half▼ 39.1pp37.2%within the sector's middle half▲ 28.3pp49.4%within the sector's middle half▲ 12.2pp75.8%above the sector's middle half▲ 26.4pp
Current ratio2.22within the sector's middle half▲ 0.641.31within the sector's middle half▼ 0.912.79within the sector's middle half▲ 1.481.14within the sector's middle half▼ 1.660.95below the sector's middle half▼ 0.19
Return on assets (ROA)11.6%within the sector's middle half▼ 36.8pp-39.2%below the sector's middle half▼ 50.8pp-4.1%below the sector's middle half▲ 35.1pp22.6%above the sector's middle half▲ 26.7pp19.3%within the sector's middle half▼ 3.3pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €865,814
Fixed assets
€677,625 ▲ 3.5%
Current assets
€188,190 ▼ 44.2%
Equity and liabilities €865,814
Equity
€656,443 ▲ 34.0%
Debt
€209,372 ▼ 58.3%
Debt's share of the balance-sheet total falls from 50.6% to 24.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139,697▼
2024 · €192,999
Cash flow
€168,549▼
2024 · €226,613
Debt to equity
0.32▼
2024 · 1.03
ROE
25.4%▼
2024 · 45.8%
Interest coverage
5.17▼
2024 · 8.29
Debt ≤ 1 year
€197,712▼
2024 · €296,295
Debt > 1 year
€0▼
2024 · €166,936
Income taxes
€8,000▲
2024 · €661
Staff costs
€71,264▲
2024 · €67,735
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58,995 | €55,784 | €60,444 | €67,735 | €71,264 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,299 | €6,062 | €3,839 | €2,518 | €1,830 | ▼ 27.3% |
| Other operating charges640/8 | €903 | €4,283 | €557,097 | €308,335 | €2,119 | ▼ 99.3% |
| Gross operating margin9900 | €265,669 | -€256,576 | €598,136 | €569,068 | €213,080 | ▼ 62.6% |
| Operating profit (loss)9901 | €196,473 | -€322,706 | -€23,245 | €190,480 | €137,866 | ▼ 27.6% |
| Financial income75/76B | €6,231 | €35,297 | €28,824 | €57,567 | €63,856 | ▲ 10.9% |
| Recurring financial income75 | €5,614 | €35,297 | €28,824 | €57,567 | €63,856 | ▲ 10.9% |
| Non-recurring financial income76B | €618 | - | - | - | - | - |
| Financial charges65/66B | €86,010 | €73,366 | €36,394 | €23,292 | €27,004 | ▲ 15.9% |
| Recurring financial charges65 | €86,010 | €73,366 | €36,394 | €23,292 | €27,004 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €116,694 | -€360,774 | -€30,815 | €224,755 | €174,718 | ▼ 22.3% |
| Income taxes67/77 | €9,392 | - | -€1,331 | €661 | €8,000 | ▲ 1,110% |
| Profit (loss) for the period9904 | €107,302 | -€360,774 | -€29,484 | €224,094 | €166,718 | ▼ 25.6% |
| Profit (loss) for the period to be appropriated9905 | €107,302 | -€360,774 | -€29,484 | €224,094 | €166,718 | ▼ 25.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €923,135 | €920,307 | €713,644 | €991,785 | €865,814 | ▼ 12.7% |
| Fixed assets21/28 | €20,859 | €10,134 | €6,303 | €654,746 | €677,625 | ▲ 3.5% |
| Tangible fixed assets22/27 | €20,859 | €10,134 | €6,294 | €3,776 | €1,945 | ▼ 48.5% |
| Plant, machinery and equipment23 | €3,723 | €2,867 | €933 | €122 | €0 | ▼ 100% |
| Furniture and vehicles24 | €13,225 | €4,007 | €2,753 | €1,697 | €641 | ▼ 62.2% |
| Other tangible fixed assets26 | €3,912 | €3,260 | €2,608 | €1,956 | €1,304 | ▼ 33.3% |
| Financial fixed assets28 | - | - | €9 | €650,970 | €675,679 | ▲ 3.8% |
| Current assets29/58 | €902,275 | €910,173 | €707,341 | €337,039 | €188,190 | ▼ 44.2% |
| Stocks and contracts in progress3 | €693,110 | €540,569 | €0 | - | - | - |
| Stocks30/36 | €693,110 | €540,569 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €72,897 | €177,569 | €668,008 | €254,847 | €134,016 | ▼ 47.4% |
| Trade receivables40 | €64,227 | €156,003 | €219 | €199,195 | €120,283 | ▼ 39.6% |
| Other amounts receivable41 | €8,670 | €21,565 | €667,789 | €55,653 | €13,734 | ▼ 75.3% |
| Cash at bank and in hand54/58 | €136,269 | €192,036 | €38,726 | €29,771 | €54,089 | ▲ 81.7% |
| Deferred charges and accrued income490/1 | - | - | €606 | €52,421 | €84 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €923,135 | €920,307 | €713,644 | €991,785 | €865,814 | ▼ 12.7% |
| Equity10/15 | €442,688 | €81,914 | €265,630 | €489,725 | €656,443 | ▲ 34.0% |
| Contributions10/11 | €378,848 | €378,848 | €592,048 | €592,048 | €592,048 | = |
| Reserves13 | €63,000 | - | - | - | - | - |
| Distributable reserves133 | €63,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €841 | -€296,934 | -€326,417 | -€102,323 | €64,395 | ▲ 163% |
| Amounts payable17/49 | €480,446 | €838,393 | €448,014 | €502,060 | €209,372 | ▼ 58.3% |
| Amounts payable after more than one year17 | - | - | €150,000 | €166,936 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €150,000 | €166,936 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €405,858 | €692,657 | €253,212 | €296,295 | €197,712 | ▼ 33.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €30,000 | - |
| Financial debts43 | - | - | €176,194 | €179,967 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €47 | €0 | - | - |
| Other loans439 | - | - | €176,147 | €179,967 | €0 | ▼ 100% |
| Trade debts44 | €59,496 | €207,131 | €60,196 | €96,959 | €24,062 | ▼ 75.2% |
| Suppliers440/4 | €59,496 | €207,131 | €60,196 | €96,959 | €24,062 | ▼ 75.2% |
| Advances received on contracts in progress46 | - | - | - | - | €120,283 | - |
| Taxes, remuneration and social security45 | €51,180 | €58,863 | €16,792 | €19,339 | €23,338 | ▲ 20.7% |
| Taxes450/3 | €43,786 | €51,174 | €7,119 | €7,581 | €10,886 | ▲ 43.6% |
| Remuneration and social security454/9 | €7,394 | €7,689 | €9,673 | €11,758 | €12,452 | ▲ 5.9% |
| Other amounts payable47/48 | €295,182 | €426,664 | €30 | €30 | €30 | = |
| Accrued charges and deferred income492/3 | €74,589 | €145,736 | €44,802 | €38,830 | €11,660 | ▼ 70.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107,302 | -€360,774 | -€29,484 | €224,094 | €166,718 | ▼ 25.6% |
| + Depreciation and write-downs630 | €9,299 | €6,062 | €3,839 | €2,518 | €1,830 | ▼ 27.3% |
| Operating cash flow (approximation) | €116,601 | -€354,712 | -€25,644 | €226,613 | €168,549 | ▼ 25.6% |
| Investment in fixed assets (approximation) | - | €4,664 | -€9 | -€650,961 | -€24,709 | ▲ 96.2% |
| Change in cash | - | €55,767 | -€153,309 | -€8,956 | €24,318 | ▲ 372% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500,000Eq €656,443 ▲34%
2 profitable years in a row build equity to €656,443.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €224,094
Net result €224,094 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.79
Current ratio from 1.31 to 2.79; short-term debt falls from €692,657 to €253,212.
31-12
Financial
Equity above €200,000Eq €265,630 ▲224%
Equity rises from €81,914 to €265,630.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €465,003
Net result €465,003 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.59
Current ratio from 0.59 to 1.59; short-term debt falls from €673,909 to €597,162.
Show earlier events
31-12
Financial
Equity above €200,000Eq €335,386
Equity rises from -€290,404 to €335,386.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€450,553
Net result drops to -€450,553, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 266 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2017
Ground area
940 m²
Building footprint
91 m²
Volume, LiDAR
675 m³
Parcel 46002C0276/00R000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MADAMSEW
since 20172.263.283.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0276/00R000 | Flanders | 939 m² | 1 · 90 m² | 10.5 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
32.28%
Holdings 1
-
100%
According to the 2025 annual accounts of STARGAU and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 757 EUR awarded · 757 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 179 EUR | 371 EUR |
| 2022 | 1 | 578 EUR | 386 EUR |
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Of 16,913 companies in this sector we hold annual accounts for 8,787. 5,033 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded17-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63910Web portal activities
73120Media representation
Contact
Phone
+32477557425
Phone
0477/55.74.25Sint-Niklaas
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672773984
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.