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Starling

Active
Private limited companyfounded 20242 yrs activede Merodelaan 38, 3620 Lanaken, BelgiumKBO/BCE: BE 1012.983.965
Summary

The computed 12-month bankruptcy probability of Starling is 1.7% (moderate). The 2025 annual accounts show equity of €28,602 and a net result of -€1,398. Its solvency ranks better than 39% of 1317 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability32
Solvency32
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.07; short-term debt: 33.7% and cash: 2.2% of total assets), and 92.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
7.3%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
24 d early
← before the deadline after the deadline →
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

History

On 30 August 2024, Starling was incorporated as a Private limited company.1 The company has filed annual accounts once, 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

Equity
€28,602
Total assets
€391,279
Net result
-€1,398
Working capital
-€122,608

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €389,832
Fixed assets €380,668
Current assets €9,164
Equity and liabilities €391,279
Equity €28,602
Debt €362,676
Debt finances 92.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€22,504
Cash flow
€8,768
Current ratio
0.07
Debt to equity
12.68
ROE
-4.9%
ROA
-0.4%
Interest coverage
1.64
Debt ≤ 1 year
€131,772
Debt > 1 year
€230,904

Peer companies

Historical observation

Of the 1,304 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.2% went bankrupt
1.6% stopped otherwise
92% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,304 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 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€391,279
Formation expenses20€1,446
Fixed assets21/28€380,668
Tangible fixed assets22/27€380,668
Land and buildings22€378,580
Furniture and vehicles24€2,088
Current assets29/58€9,164
Amounts receivable within one year40/41€729
Other amounts receivable41€729
Cash at bank and in hand54/58€8,435
Equity and liabilities
Total equity and liabilities10/49€391,279
Equity10/15€28,602
Contributions10/11€30,000
Profit (loss) carried forward14-€1,398
Amounts payable17/49€362,676
Amounts payable after more than one year17€230,904
Financial debts170/4€230,904
Amounts payable within one year42/48€131,772
Current portion of amounts payable after more than one year42€13,574
Trade debts44€7,998
Suppliers440/4€7,998
Other amounts payable47/48€110,200
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,166
Other operating charges640/8€3,214
Gross operating margin9900€25,719
Operating profit (loss)9901€12,338
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€13,756
Recurring financial charges65€13,756
Profit (loss) for the period before taxes9903-€1,398
Profit (loss) for the period9904-€1,398
Profit (loss) for the period to be appropriated9905-€1,398
Appropriation of the result
Profit (loss) to be appropriated9906-€1,398

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,166
Other operating charges640/8€3,214
Gross operating margin9900€25,719
Operating profit (loss)9901€12,338
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€13,756
Recurring financial charges65€13,756
Profit (loss) for the period before taxes9903-€1,398
Profit (loss) for the period9904-€1,398
Profit (loss) for the period to be appropriated9905-€1,398
Line2025
Assets
Total assets20/58€391,279
Formation expenses20€1,446
Fixed assets21/28€380,668
Tangible fixed assets22/27€380,668
Land and buildings22€378,580
Furniture and vehicles24€2,088
Current assets29/58€9,164
Amounts receivable within one year40/41€729
Other amounts receivable41€729
Cash at bank and in hand54/58€8,435
Equity and liabilities
Total equity and liabilities10/49€391,279
Equity10/15€28,602
Contributions10/11€30,000
Profit (loss) carried forward14-€1,398
Amounts payable17/49€362,676
Amounts payable after more than one year17€230,904
Financial debts170/4€230,904
Amounts payable within one year42/48€131,772
Current portion of amounts payable after more than one year42€13,574
Trade debts44€7,998
Suppliers440/4€7,998
Other amounts payable47/48€110,200
Line2025
Profit (loss) for the period9904-€1,398
+ Depreciation and write-downs630€10,166
Operating cash flow (approximation)€8,768

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

2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
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, Lanaken · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
386 m²
Building footprint
124 m²
Volume, LiDAR
701 m³
Parcel 73042D0495/00D003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Starling
de Merodelaan 38, 3620 LanakenRepair, maintenance and installation of machinery and equipment
since 20242.363.083.415
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73042D0495/00D003 Flanders 386 m² 1 · 124 m² 9.9 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.

Similar companies · same sector, comparable size

Of 3,007 companies in sector 55203 we hold annual accounts for 693. 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
Founded30-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
68121Development of residential building projects
43211General electrical installation work
55300Accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012983965
Also 9925:BE1012983965
Registered 18-11-2025

Register as of 27 September 2026 · Peppol Directory

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