STARK
Open bankruptcySummary
A bankruptcy procedure is open for STARK according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €41k and a net result of €-13k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-10-2023, 64 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
64 d late
2021
251 d late
2020
616 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€41k▼ 24.6%
2021 · €54k
2020: €44k
2021: €54k▲ +24.7% vs 2020highest in 3 years
2022: €41k▼ -24.6% vs 2021lowest in 3 years
2020 → 2022
Total assets
€90k▼ 24.3%
2021 · €120k
2020: €93k
2021: €120k▲ +28.9% vs 2020highest in 3 years
2022: €90k▼ -24.3% vs 2021lowest in 3 years
2020 → 2022
Net result
€-13k
2021 · €12k
2020: €52khighest in 3 years
2021: €12k▼ -77.9% vs 2020
2022: €-13k▼ -216% vs 2021lowest in 3 years
2020 → 2022
Working capital
€29k▼ 25.0%
2021 · €39k
2020: €23klowest in 3 years
2021: €39k▲ +67.7% vs 2020highest in 3 years
2022: €29k▼ -25.0% vs 2021
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€44k-€54k▲ 24.7%€41k▼ 24.6%
2020: €44k
2021: €54k▲ +24.7% vs 2020highest in 3 years
2022: €41k▼ -24.6% vs 2021lowest in 3 years
Operating result€59k-€14k▼ 76.2%€-14k
2020: €59khighest in 3 years
2021: €14k▼ -76.2% vs 2020
2022: €-14k▼ -199% vs 2021lowest in 3 years
Net result€52k-€12k▼ 77.9%€-13k
2020: €52khighest in 3 years
2021: €12k▼ -77.9% vs 2020
2022: €-13k▼ -216% vs 2021lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €14k after €14k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €90k
Fixed assets
€16k ▼ 32.6%
Current assets
€75k ▼ 22.3%
Equity and liabilities €90k
Equity
€41k ▼ 24.6%
Debt
€49k ▼ 24.1%
Debt's share of the balance-sheet total rises from 54.4% to 54.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2021 · €22k
Cash flow
€-6k▼
2021 · €19k
Current ratio
1.63▼
2021 · 1.67
Debt to equity
1.20▲
2021 · 1.20
ROE
-32.6%▼
2021 · 21.3%
ROA
-14.8%▼
2021 · 9.7%
Interest coverage
-9.43▼
2021 · 27.98
Debt ≤ 1 year
€46k▼
2021 · €58k
Debt > 1 year
€4k▼
2021 · €7k
Income taxes
€0▼
2021 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 52 lines
Balance sheet
Code20212022
Assets
Total assets20/58€120k€90k▼
Fixed assets21/28€23k€16k▼
Tangible fixed assets22/27€23k€16k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€18k€12k▼
Financial fixed assets28€0-
Current assets29/58€96k€75k▼
Amounts receivable after more than one year29€30k€30k=
Other amounts receivable291€30k€30k=
Amounts receivable within one year40/41€60k€39k▼
Trade receivables40€38k€25k▼
Other amounts receivable41€22k€15k▼
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€864€459▼
Equity and liabilities
Total equity and liabilities10/49€120k€90k▼
Equity10/15€54k€41k▼
Contributions10/11€6k€6k=
Reserves13€48k€48k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€0€-13k▼
Amounts payable17/49€65k€49k▼
Amounts payable after more than one year17€7k€4k▼
Financial debts170/4€7k€4k▼
Amounts payable within one year42/48€58k€46k▼
Current portion of amounts payable after more than one year42€4k€4k▼
Trade debts44€14k€3k▼
Suppliers440/4€14k€3k▼
Advances received on contracts in progress46€12k€12k=
Taxes, remuneration and social security45€11k€11k▼
Taxes450/3€11k€11k▼
Other amounts payable47/48€16k€16k=
Income statement
Code20212022
Non-recurring operating income76A-€823
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€311€2k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€22k€-4k▼
Operating profit (loss)9901€14k€-14k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€769€649▼
Recurring financial charges65€769€649▼
Profit (loss) for the period before taxes9903€15k€-13k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€12k€-13k▼
Profit (loss) for the period to be appropriated9905€12k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-13k▼
Profit (loss) brought forward from the previous period14P€37k€0▼
Transfer to equity691/2€48k€0▼
To other reserves6921€48k€0▼
Profit to be distributed694/7€800€0▼
Return on contributions (dividend)694€800€0▼
Directors or managers695€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €823 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €8k | €8k | ▲ 0.4% |
| Other operating charges640/8 | €1k | €311 | €2k | ▲ 570% |
| Non-recurring operating charges66A | €725 | €0 | - | - |
| Gross operating margin9900 | €65k | €22k | €-4k | ▼ 119% |
| Operating profit (loss)9901 | €59k | €14k | €-14k | ▼ 199% |
| Financial income75/76B | €1k | €2k | €1k | ▼ 55.3% |
| Recurring financial income75 | €1k | €2k | €1k | ▼ 55.3% |
| Financial charges65/66B | €715 | €769 | €649 | ▼ 15.6% |
| Recurring financial charges65 | €715 | €769 | €649 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €59k | €15k | €-13k | ▼ 187% |
| Income taxes67/77 | €7k | €4k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €52k | €12k | €-13k | ▼ 216% |
| Profit (loss) for the period to be appropriated9905 | €52k | €12k | €-13k | ▼ 216% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €93k | €120k | €90k | ▼ 24.3% |
| Fixed assets21/28 | €33k | €23k | €16k | ▼ 32.6% |
| Tangible fixed assets22/27 | €30k | €23k | €16k | ▼ 32.6% |
| Plant, machinery and equipment23 | €7k | €5k | €4k | ▼ 30.1% |
| Furniture and vehicles24 | €24k | €18k | €12k | ▼ 33.3% |
| Financial fixed assets28 | €2k | €0 | - | - |
| Current assets29/58 | €60k | €96k | €75k | ▼ 22.3% |
| Amounts receivable after more than one year29 | - | €30k | €30k | = |
| Other amounts receivable291 | - | €30k | €30k | = |
| Amounts receivable within one year40/41 | €34k | €60k | €39k | ▼ 34.2% |
| Trade receivables40 | €4k | €38k | €25k | ▼ 34.5% |
| Other amounts receivable41 | €30k | €22k | €15k | ▼ 33.7% |
| Cash at bank and in hand54/58 | €26k | €6k | €5k | ▼ 11.4% |
| Deferred charges and accrued income490/1 | - | €864 | €459 | ▼ 46.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €93k | €120k | €90k | ▼ 24.3% |
| Equity10/15 | €44k | €54k | €41k | ▼ 24.6% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Reserves13 | - | €48k | €48k | = |
| Distributable reserves133 | - | €48k | €48k | = |
| Profit (loss) carried forward14 | €37k | €0 | €-13k | - |
| Amounts payable17/49 | €49k | €65k | €49k | ▼ 24.1% |
| Amounts payable after more than one year17 | €12k | €7k | €4k | ▼ 51.8% |
| Financial debts170/4 | €12k | €7k | €4k | ▼ 51.8% |
| Amounts payable within one year42/48 | €37k | €58k | €46k | ▼ 20.5% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | ▼ 13.4% |
| Trade debts44 | €4k | €14k | €3k | ▼ 77.5% |
| Suppliers440/4 | €4k | €14k | €3k | ▼ 77.5% |
| Advances received on contracts in progress46 | €7k | €12k | €12k | = |
| Taxes, remuneration and social security45 | €7k | €11k | €11k | ▼ 4.1% |
| Taxes450/3 | €7k | €11k | €11k | ▼ 4.1% |
| Other amounts payable47/48 | €15k | €16k | €16k | = |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €12k | €-13k | ▼ 216% |
| + Depreciation and write-downs630 | €4k | €8k | €8k | ▲ 0.4% |
| Operating cash flow (approximation) | €57k | €19k | €-6k | ▼ 130% |
| Investment in fixed assets (approximation) | - | €2k | €0 | ▼ 100% |
| Change in cash | - | €-20k | €-635 | ▲ 96.9% |
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
2025
25-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 18-07-2025
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 251 days late
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 616 days late
2022
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2019
Ground area
99 m²
Building footprint
81 m²
Volume, LiDAR
831 m³
Parcel 35383C0353/02P008, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STARK
since 20192.287.580.593
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0353/02P008 | Flanders | 99 m² | 1 · 81 m² | 13.9 m · 4 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BELPAME L. SPILLIAERTSTRAAT 63,
8400 OOSTENDE |
18-07-2025 → present |
| Curator | JAN FERLIN L.SPILLIAERTSTRAAT 63, 8400 OOSTENDE |
18-07-2025 → present |
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
Phone
0465501542Oostende
Scores and ratios are computed by Checked and are not a credit decision.