STARLET
ActiveSummary
STARLET has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,986 and a net result of €21,402. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 1532 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+5
Solvency52▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.38 in 2024; short-term debt: 73.2% and cash: 7% of total assets), and 73.2% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
26.8%
Return on assets
14.3%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
23 d late
2022
20 d late
2021
8 d late
2020
1 d early
2019
on the day
← 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 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€39,986▲ 115%
2024 · €18,584
Total assets
€149,390▲ 145%
2024 · €61,096
Net result
€21,402▲ 225%
2024 · €6,587
Working capital
-€47,896▼ 80.7%
2024 · -€26,510
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Line20212022202320242025
Operating result€500▼ 91.1%-€1,610-€1,282▲ 20.4%€6,738€25,851▲ 284%
Net result€93within the sector's middle half▼ 98.2%-€2,011within the sector's middle half-€1,527within the sector's middle half▲ 24.1%€6,587within the sector's middle half€21,402within the sector's middle half▲ 225%
Equity€15,535within the sector's middle half▲ 13.0%€13,523within the sector's middle half▼ 12.9%€11,996within the sector's middle half▼ 11.3%€18,584within the sector's middle half▲ 54.9%€39,986within the sector's middle half▲ 115%
Total assets€31,708below the sector's middle half▼ 11.1%€37,246below the sector's middle half▲ 17.5%€35,465below the sector's middle half▼ 4.8%€61,096below the sector's middle half▲ 72.3%€149,390within the sector's middle half▲ 145%
Debt€16,174▼ 26.3%€23,723▲ 46.7%€23,469▼ 1.1%€42,512▲ 81.1%€109,404▲ 157%
Working capital€3,305▼ 38.3%€1,324▼ 60.0%-€4,940-€26,510▼ 437%-€47,896▼ 80.7%
Solvency49.0%within the sector's middle half▲ 10.5pp36.3%within the sector's middle half▼ 12.7pp33.8%within the sector's middle half▼ 2.5pp30.4%within the sector's middle half▼ 3.4pp26.8%within the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 284% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,390
Fixed assets
€87,881 ▲ 94.9%
Current assets
€61,509 ▲ 284%
Equity and liabilities €149,390
Equity
€39,986 ▲ 115%
Debt
€109,404 ▲ 157%
Debt's share of the balance-sheet total rises from 69.6% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,612▲
2024 · €14,028
Cash flow
€37,163▲
2024 · €13,877
Current ratio
0.56▲
2024 · 0.38
Quick ratio
0.54▲
2024 · 0.26
Debt to equity
2.74▲
2024 · 2.29
ROE
53.5%▲
2024 · 35.4%
ROA
14.3%▲
2024 · 10.8%
Interest coverage
104.56▲
2024 · 91.50
Debt ≤ 1 year
€109,404▲
2024 · €42,512
Income taxes
€4,051
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,811 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,869 | €8,266 | €10,389 | €7,290 | €15,761 | ▲ 116% |
| Other operating charges640/8 | €753 | €1,542 | €1,024 | €1,136 | €1,912 | ▲ 68.3% |
| Non-recurring operating charges66A | €244 | - | - | - | - | - |
| Gross operating margin9900 | €9,366 | €8,198 | €10,131 | €15,164 | €43,525 | ▲ 187% |
| Operating profit (loss)9901 | €500 | -€1,610 | -€1,282 | €6,738 | €25,851 | ▲ 284% |
| Financial income75/76B | €13 | - | €2 | €3 | - | - |
| Recurring financial income75 | €13 | - | €2 | €3 | - | - |
| Financial charges65/66B | €419 | €401 | €247 | €153 | €398 | ▲ 160% |
| Recurring financial charges65 | €419 | €401 | €247 | €153 | €398 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | €93 | -€2,011 | -€1,527 | €6,587 | €25,453 | ▲ 286% |
| Income taxes67/77 | - | - | - | - | €4,051 | - |
| Profit (loss) for the period9904 | €93 | -€2,011 | -€1,527 | €6,587 | €21,402 | ▲ 225% |
| Profit (loss) for the period to be appropriated9905 | €93 | -€2,011 | -€1,527 | €6,587 | €21,402 | ▲ 225% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,708 | €37,246 | €35,465 | €61,096 | €149,390 | ▲ 145% |
| Fixed assets21/28 | €21,431 | €15,289 | €16,936 | €45,094 | €87,881 | ▲ 94.9% |
| Tangible fixed assets22/27 | €21,431 | €15,289 | €16,936 | €45,094 | €73,881 | ▲ 63.8% |
| Plant, machinery and equipment23 | €6,481 | €6,966 | €14,976 | €24,837 | €24,315 | ▼ 2.1% |
| Furniture and vehicles24 | €14,949 | €8,323 | €1,960 | €20,256 | €49,566 | ▲ 145% |
| Financial fixed assets28 | - | - | - | - | €14,000 | - |
| Current assets29/58 | €10,277 | €21,957 | €18,529 | €16,003 | €61,509 | ▲ 284% |
| Stocks and contracts in progress3 | €438 | €4,737 | €6,479 | €4,933 | €2,898 | ▼ 41.3% |
| Stocks30/36 | €438 | €4,737 | €6,479 | €4,933 | €2,898 | ▼ 41.3% |
| Amounts receivable within one year40/41 | €944 | €4,202 | €4,691 | €2,803 | €48,196 | ▲ 1,619% |
| Trade receivables40 | €138 | €3,309 | €3,182 | €622 | €47,593 | ▲ 7,547% |
| Other amounts receivable41 | €806 | €893 | €1,508 | €2,181 | €604 | ▼ 72.3% |
| Cash at bank and in hand54/58 | €8,694 | €12,805 | €6,816 | €7,993 | €10,415 | ▲ 30.3% |
| Deferred charges and accrued income490/1 | €201 | €212 | €544 | €274 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,708 | €37,246 | €35,465 | €61,096 | €149,390 | ▲ 145% |
| Equity10/15 | €15,535 | €13,523 | €11,996 | €18,584 | €39,986 | ▲ 115% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,535 | €1,535 | €1,535 | €1,535 | €21,386 | ▲ 1,293% |
| Non-distributable reserves130/1 | €1,535 | €1,535 | €1,535 | €1,535 | €1,535 | = |
| Reserves not available under the articles1311 | €1,535 | €1,535 | €1,535 | €1,535 | €1,535 | = |
| Distributable reserves133 | - | - | - | - | €19,851 | - |
| Profit (loss) carried forward14 | -€4,600 | -€6,611 | -€8,138 | -€1,551 | - | - |
| Amounts payable17/49 | €16,174 | €23,723 | €23,469 | €42,512 | €109,404 | ▲ 157% |
| Amounts payable after more than one year17 | €9,202 | €3,090 | - | - | - | - |
| Financial debts170/4 | €9,202 | €3,090 | - | - | - | - |
| Amounts payable within one year42/48 | €6,972 | €20,633 | €23,469 | €42,512 | €109,404 | ▲ 157% |
| Current portion of amounts payable after more than one year42 | €6,023 | €6,112 | €3,090 | - | - | - |
| Trade debts44 | €142 | €13,714 | €4,433 | €8,512 | €5,303 | ▼ 37.7% |
| Suppliers440/4 | €142 | €13,714 | €4,433 | €8,512 | €5,303 | ▼ 37.7% |
| Advances received on contracts in progress46 | - | €14 | - | - | - | - |
| Taxes, remuneration and social security45 | €14 | - | €14 | €2 | €18,257 | ▲ 1,170,228% |
| Taxes450/3 | €14 | - | €14 | €2 | €14,757 | ▲ 945,869% |
| Remuneration and social security454/9 | - | - | - | - | €3,500 | - |
| Other amounts payable47/48 | €793 | €793 | €15,933 | €33,999 | €85,844 | ▲ 152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93 | -€2,011 | -€1,527 | €6,587 | €21,402 | ▲ 225% |
| + Depreciation and write-downs630 | €7,869 | €8,266 | €10,389 | €7,290 | €15,761 | ▲ 116% |
| Operating cash flow (approximation) | €7,963 | €6,255 | €8,863 | €13,877 | €37,163 | ▲ 168% |
| Investment in fixed assets (approximation) | - | -€2,125 | -€12,037 | -€35,447 | -€58,549 | ▼ 65.2% |
| Change in cash | - | €4,111 | -€5,989 | €1,177 | €2,422 | ▲ 106% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €21,402 ▲225%
Operating result €25,851, net result €21,402, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,587
Net result €6,587 after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-12
Financial
Weakest financial yearnet -€2,011
Net result drops to -€2,011, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial 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, Bilzen-Hoeselt · 1 establishment unit since 2006
Ground area
965 m²
Building footprint
114 m²
Volume, LiDAR
667 m³
Parcel 73056B0576/00L002, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Cornelstraat 46, 3740 Bilzen-Hoeselt
since 20062.285.478.168
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73056B0576/00L002 | Flanders | 965 m² | 1 · 114 m² | 9.5 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBilzen-Hoeselt2.285.478.168
Parcel delivery
Notified to the BIPT
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Of 976 companies in sector 77210 we hold annual accounts for 217. 156 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
Founded28-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
77210Renting and leasing of sports and recreation goods
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
49410Freight transport by road
49420Removal services
53200Other postal and courier activities
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477020066
Registered
28-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.