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STARLEADS

Active
Public limited companyfounded 201610 yrs activeFrankenstraat 79, 1040 Etterbeek, BelgiumKBO/BCE: BE 0660.626.220
Summary

The computed 12-month bankruptcy probability of STARLEADS is 3.0% (moderate). The 2024 annual accounts show negative equity (-€73,056) and a net result of -€31,159. Equity is shrinking by ~51.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 4837 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
STARLEADSActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€1.8mtotal assets 2024
Equity
-€73,056
Loss
-€31,159
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.0%
Structure
Largest shareholder
MEDIASCAP · 10%
Holdings
1
Accounts 64 d overdue0 of 3 deeds read
Why 49- Liquidity: current ratio 1.55, cash €4,422- 1 financial year not filed after the legal deadline; latest accounts 70 days late; 2 of the last 3 late- Figures for FY 2024 (filed 14-10-2025)+ Size: total assets €1.8mShow the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 26% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 21-2
equity -4.2% of total assets
Liquidity 50-31
short-term debt 3.6% · cash 0.3%
Profitability 33+14
return on assets -1.8%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)
Last 24 months 11-2024: 2.1% 12-2024: 2.2%▲ +2.0% vs 11-2024 01-2025: 2.2%● 0.0% vs 12-2024 02-2025: 2.2%▲ +1.6% vs 01-2025 03-2025: 2.2%● 0.0% vs 02-2025 04-2025: 2.2%▼ -2.1% vs 03-2025 05-2025: 2.2%▼ -0.4% vs 04-2025 06-2025: 2.1%▼ -2.9% vs 05-2025 07-2025: 2.0%▼ -2.9% vs 06-2025 08-2025: 2.6%▲ +27.1% vs 07-2025 09-2025: 3.0%▲ +17.3% vs 08-2025 10-2025: 4.3%▲ +40.1% vs 09-2025highest value 11-2025: 1.8%▼ -57.5% vs 10-2025 12-2025: 1.8%● 0.0% vs 11-2025 01-2026: 1.8%▼ -0.7% vs 12-2025 02-2026: 1.8%▲ +1.7% vs 01-2026 03-2026: 1.8%● 0.0% vs 02-2026 04-2026: 1.8%▼ -2.1% vs 03-2026 05-2026: 1.8%▲ +0.3% vs 04-2026 06-2026: 1.8%▲ +1.4% vs 05-2026 07-2026: 1.8%▼ -4.1% vs 06-2026lowest value 08-2026: 2.1%▲ +20.4% vs 07-2026 09-2026: 2.3%▲ +10.9% vs 08-2026 10-2026: 3.0%▲ +28.4% vs 09-2026
  • Liquidity: current ratio 1.55, cash €4,422 raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 70 days late; 2 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 14-10-2025) raises the probability
  • Size: total assets €1.8m lowers the probability for this profile
No credit on open account
Liquidity ample (current ratio 1.55 against 0.48 in 2023; short-term debt: 3.6% and cash: 0.3% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 16%, liquidity 52%, profitability 28%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.55, cash €4,422
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 70 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 14-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €1.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€73,056
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
70 d late
2023
61 d late
2022
30 d late
2021
30 d late
2020
90 d late
2019
55 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · full…
  2. Weakest financial yearnet -€31,159
  3. Liquidity triplescurrent ratio 1.55

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€73,056 View
  • Caution: Among the weakest 12% on equitysector median €524,439 · 4,838 companies -€73,056 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€1.8m
Loss
-€31,159
Solvency
-4.2%
Total assets▼ 7.0%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2019
  1. 09-10-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 31-12-2024Liquidity triples
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
02-08-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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