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STARK VN

Active
Private limited companyfounded 20242 yrs activeSpeistraat 17, 9550 Herzele, BelgiumKBO/BCE: BE 1012.553.009
Summary

STARK VN has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,837 and a net result of €16,352. Its solvency ranks better than 58% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency89▲+21
Growth52
Track record82
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 1.9 in 2024; short-term debt: 32.1% and cash: 65.1% of total assets), and 35.9% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
64.1%
Return on assets
31%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 2 filings
Deviation from the deadline
2025
53 d late
2024
42 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 19 August 2024, STARK VN was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€33,837▲ 86.3%
2024 · €18,160
Total assets
€52,826▲ 25.4%
2024 · €42,116
Net result
€16,352▼ 8.1%
2024 · €17,785
Working capital
€26,642▲ 40.5%
2024 · €18,963
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20242025
Operating result€22,773-€22,713▼ 0.3%
Net result€17,785within the sector's middle half-€16,352within the sector's middle half▼ 8.1%
Equity€18,160below the sector's middle half-€33,837within the sector's middle half▲ 86.3%
Total assets€42,116below the sector's middle half-€52,826below the sector's middle half▲ 25.4%
Debt€23,955-€18,989▼ 20.7%
Working capital€18,963within the sector's middle half-€26,642within the sector's middle half▲ 40.5%
Solvency43.1%within the sector's middle half-64.1%within the sector's middle half▲ 20.9pp
Current ratio1.90within the sector's middle half-2.57within the sector's middle half▲ 0.68
Return on assets (ROA)42.2%above the sector's middle half-31.0%within the sector's middle half▼ 11.3pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
€0€10,000€20,000Operating result 2024: €22,773€22,773Net result 2024: €17,785€17,785Operating result 2025: €22,713€22,713Net result 2025: €16,352€16,35220242025€0€10,000€20,000Operating result 2024: €22,773€22,800Net result 2024: €17,785€17,800Operating result 2025: €22,713€22,700Net result 2025: €16,352€16,40020242025
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,826
Fixed assets €9,244 ▲ 362%
Current assets €43,582 ▲ 8.6%
Equity and liabilities €52,826
Equity €33,837 ▲ 86.3%
Debt €18,989 ▼ 20.7%
Debt's share of the balance-sheet total falls from 56.9% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€23,886▼
2024 · €24,697
Cash flow
€17,524▼
2024 · €19,709
Debt to equity
0.56▼
2024 · 1.32
ROE
48.3%▼
2024 · 97.9%
Interest coverage
16.00▼
2024 · 65.75
Debt ≤ 1 year
€16,940▼
2024 · €21,152
Income taxes
€4,868▲
2024 · €4,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€42,116€52,826▲
Fixed assets21/28€2,000€9,244▲
Tangible fixed assets22/27-€7,244
Furniture and vehicles24-€7,244
Financial fixed assets28€2,000€2,000=
Current assets29/58€40,116€43,582▲
Amounts receivable within one year40/41€9,781€8,865▼
Trade receivables40€9,393€8,470▼
Other amounts receivable41€388€395▲
Cash at bank and in hand54/58€30,335€34,366▲
Deferred charges and accrued income490/1-€350
Equity and liabilities
Total equity and liabilities10/49€42,116€52,826▲
Equity10/15€18,160€33,837▲
Contributions10/11€1,000€1,000=
Reserves13€17,160€32,837▲
Distributable reserves133€17,160€32,837▲
Amounts payable17/49€23,955€18,989▼
Amounts payable within one year42/48€21,152€16,940▼
Trade debts44€3,188€701▼
Suppliers440/4€3,188€701▼
Taxes, remuneration and social security45€9,178€7,784▼
Taxes450/3€5,678€4,959▼
Remuneration and social security454/9€3,500€2,825▼
Other amounts payable47/48€8,786€8,455▼
Accrued charges and deferred income492/3€2,803€2,049▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,924€1,173▼
Other operating charges640/8€524€572▲
Gross operating margin9900€25,221€24,458▼
Operating profit (loss)9901€22,773€22,713▼
Financial charges65/66B€376€1,493▲
Recurring financial charges65€376€1,493▲
Profit (loss) for the period before taxes9903€22,397€21,220▼
Income taxes67/77€4,612€4,868▲
Profit (loss) for the period9904€17,785€16,352▼
Profit (loss) for the period to be appropriated9905€17,785€16,352▼
Appropriation of the result
Profit (loss) to be appropriated9906€17,785€16,352▼
Transfer to equity691/2€17,160€15,677▼
To other reserves6921€17,160€15,677▼
Profit to be distributed694/7€625€675▲
Return on contributions (dividend)694€625€675▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,924€1,173▼ 39.1%
Other operating charges640/8€524€572▲ 9.3%
Gross operating margin9900€25,221€24,458▼ 3.0%
Operating profit (loss)9901€22,773€22,713▼ 0.3%
Financial charges65/66B€376€1,493▲ 298%
Recurring financial charges65€376€1,493▲ 298%
Profit (loss) for the period before taxes9903€22,397€21,220▼ 5.3%
Income taxes67/77€4,612€4,868▲ 5.6%
Profit (loss) for the period9904€17,785€16,352▼ 8.1%
Profit (loss) for the period to be appropriated9905€17,785€16,352▼ 8.1%
Line20242025Change
Assets
Total assets20/58€42,116€52,826▲ 25.4%
Fixed assets21/28€2,000€9,244▲ 362%
Tangible fixed assets22/27-€7,244-
Furniture and vehicles24-€7,244-
Financial fixed assets28€2,000€2,000=
Current assets29/58€40,116€43,582▲ 8.6%
Amounts receivable within one year40/41€9,781€8,865▼ 9.4%
Trade receivables40€9,393€8,470▼ 9.8%
Other amounts receivable41€388€395▲ 1.9%
Cash at bank and in hand54/58€30,335€34,366▲ 13.3%
Deferred charges and accrued income490/1-€350-
Equity and liabilities
Total equity and liabilities10/49€42,116€52,826▲ 25.4%
Equity10/15€18,160€33,837▲ 86.3%
Contributions10/11€1,000€1,000=
Reserves13€17,160€32,837▲ 91.4%
Distributable reserves133€17,160€32,837▲ 91.4%
Amounts payable17/49€23,955€18,989▼ 20.7%
Amounts payable within one year42/48€21,152€16,940▼ 19.9%
Trade debts44€3,188€701▼ 78.0%
Suppliers440/4€3,188€701▼ 78.0%
Taxes, remuneration and social security45€9,178€7,784▼ 15.2%
Taxes450/3€5,678€4,959▼ 12.7%
Remuneration and social security454/9€3,500€2,825▼ 19.3%
Other amounts payable47/48€8,786€8,455▼ 3.8%
Accrued charges and deferred income492/3€2,803€2,049▼ 26.9%
Line20242025Change
Profit (loss) for the period9904€17,785€16,352▼ 8.1%
+ Depreciation and write-downs630€1,924€1,173▼ 39.1%
Operating cash flow (approximation)€19,709€17,524▼ 11.1%
Investment in fixed assets (approximation)--€8,417-
Change in cash-€4,031-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
11-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
NBB filing
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, Herzele · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,047 m²
Building footprint
218 m²
Parcel 41062A0205/00L000, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
STARK VN
Speistraat 17, 9550 HerzeleActivities of head offices; management consultancy activities
since 20242.362.812.409
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41062A0205/00L000 Flanders 1,047 m² 1 · 218 m² -
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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 1,165 EUR awarded · 1,165 EUR paid
Year Entries awardedpaid
2025 1 1,165 EUR1,165 EUR
Schemes
1 entry · 1,165 EUR · 1,165 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 35,406 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
Founded19-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012553009
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.