Result
The result rose in 2025 from €248,224 to €573,003.
The result rose in 2025 from €248,224 to €573,003.
In 2025, 0 people joined and 1 left.
The last five annual accounts were filed 1 to 55 days before the end of the period.
Subsidiary with negative equity. CANARY · loss of €558,689 in 2025.
Heads a group.
Higher net result than 95% of companies in real estate. Sector median €9,997 · 11,279 companies.
The dashed line is the sector median: 0.2% across 12,669 companies (NACE 82, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 51% of them on solvency, 14% on liquidity, 18% on profitability and 46% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,047 companies had the same profile as STARIUS has now. Each dot stands for 13 companies, two years later.
The bankruptcy probability of STARIUS itself is lower: 0.3% within 12 months. It rests on far more data about STARIUS than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for STARIUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.92 (0.88 in 2024), below 1. Short-term debt is 50.3% and cash 0.1% of total assets. 51% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 13 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Shares in 8 companies, including BERNARD and CANARY
Board & ownership| Company | ||||
|---|---|---|---|---|
| STARIUS Waasmunster | €41.6m | €530,059 | 49.0% | 1.3 |
| Evolu Herentals | €38.5m | €939,747 | 13.2% | 1.7 |
| HEEM Antwerp | €18.7m | €305,169 | 1.3% | 1.5 |
| ULTRIUM DEVELOPMENT Antwerp | €23.3m | €250,409 | 0.8% | 1 |
| K PROPERTIES BUSINESS Uccle | €18.0m | €412,928 | 1.6% | 0.8 |
| CARE INVEST Ghent | €28.6m | €430,764 | 20.8% | 1.7 |
| INTERBEACH GROUP Koksijde | €23.1m | €334,189 | 88.3% | 0.9 |
These companies have the same main activity as STARIUS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €18m and €39m, founded between 2011 and 2018.
STARIUS files the abbreviated format. That format states no turnover. The gross margin rose from €31,535 in 2020 to €530,059 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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