Starling Reizen
ActiveStarling Reizen has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €399k and a net result of €205k. Equity is growing by ~71.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 265 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+11
Solvency47▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.03 in 2023; short-term debt: 78% and cash: 38.2% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
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 79
Relative position
BE, all sectors
reference
Sector 79
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
35 d early
2022
35 d early
2021
33 d early
2020
40 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€399k▲ 106%
2023 · €194k
2018: €22k
2019: €26k
2020: €13k
2021: €31k
2022: €133k
2023: €194k
2018 → 2024
Total assets
€1.86M▼ 35.7%
2023 · €2.89M
2018: €798k
2019: €854k
2020: €983k
2021: €2.11M
2022: €2.54M
2023: €2.89M
2018 → 2024
Net result
€205k▲ 221%
2023 · €64k
2018: €-2k
2019: €4k
2020: €-13k
2021: €18k
2022: €101k
2023: €64k
2018 → 2024
Working capital
€159k▲ 75.3%
2023 · €90k
2018: €-78k
2019: €-136k
2020: €-146k
2021: €-62k
2022: €74k
2023: €90k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€31k▲ 134%€133k▲ 324%€194k▲ 45.9%€399k▲ 106%
Operating result€-11k-€35k€122k▲ 253%€97k▼ 21.1%€255k▲ 164%
Net result€-13k-€18k€101k▲ 466%€64k▼ 36.9%€205k▲ 221%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 164% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.86M
Fixed assets
€251k▲ 93.3%
Current assets
€1.60M▼ 41.8%
Equity and liabilities €1.86M
Equity
€399k▲ 106%
Debt
€1.46M▼ 45.9%
The debt ratio falls from 93.3% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€288k▲
2023 · €138k
Cash flow
€238k▲
2023 · €106k
Solvency
21.5%▲
2023 · 6.7%
Current ratio
1.11▲
2023 · 1.03
Quick ratio
1.11▲
2023 · 1.03
Debt / equity
3.65▼
2023 · 13.90
ROE
51.4%▲
2023 · 33.0%
ROA
11.1%▲
2023 · 2.2%
Interest coverage
29.15▲
2023 · 6.62
Debt
€1.46M▼
2023 · €2.69M
Debt ≤ 1 year
€1.45M▼
2023 · €2.67M
Debt > 1 year
€6k▼
2023 · €9k
Income taxes
€64k▲
2023 · €15k
Staff costs
€154k▲
2023 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.89M€1.86M▼
Fixed assets21/28€130k€251k▲
Intangible fixed assets21€25k€11k▼
Tangible fixed assets22/27€105k€240k▲
Land and buildings22€71k€170k▲
Plant, machinery and equipment23€16k€35k▲
Furniture and vehicles24€12k€29k▲
Assets under construction and advance payments27€5k€5k=
Current assets29/58€2.76M€1.60M▼
Amounts receivable within one year40/41€48k€67k▲
Trade receivables40€45k€23k▼
Other amounts receivable41€3k€44k▲
Cash at bank and in hand54/58€1.26M€709k▼
Deferred charges and accrued income490/1€1.45M€830k▼
Equity and liabilities
Total equity and liabilities10/49€2.89M€1.86M▼
Equity10/15€194k€399k▲
Contributions10/11€40k€40k=
Reserves13€154k€359k▲
Non-distributable reserves130/1€713€713=
Reserves not available under the articles1311€713€713=
Distributable reserves133€153k€358k▲
Amounts payable17/49€2.69M€1.46M▼
Amounts payable after more than one year17€9k€6k▼
Other amounts payable178/9€9k€6k▼
Amounts payable within one year42/48€2.67M€1.45M▼
Trade debts44€927k€533k▼
Suppliers440/4€927k€533k▼
Advances received on contracts in progress46€1.71M€885k▼
Taxes, remuneration and social security45€23k€28k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9€21k€23k▲
Other amounts payable47/48€3k-
Accrued charges and deferred income492/3€17k€4k▼
Income statement
Code20232024
Non-recurring operating income76A€4k€410▼
Remuneration, social security and pensions62€86k€154k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€33k▼
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€2k€3k▲
Gross operating margin9900€230k€447k▲
Operating profit (loss)9901€97k€255k▲
Financial income75/76B€4k€24k▲
Recurring financial income75€4k€24k▲
Financial charges65/66B€21k€10k▼
Recurring financial charges65€21k€10k▼
Profit (loss) for the period before taxes9903€79k€269k▲
Income taxes67/77€15k€64k▲
Profit (loss) for the period9904€64k€205k▲
Profit (loss) for the period to be appropriated9905€64k€205k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€205k▲
Transfer to equity691/2€61k€205k▲
To other reserves6921€61k€205k▲
Profit to be distributed694/7€3k-
Directors or managers695€3k-
Social balance
Average headcount (FTE)90871.72.9▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €205k ▲221%
Operating result €255k, net result €205k, both a record.
31-12
Financial
Equity above €200kEq €399k ▲106%
4 profitable years in a row build equity to €399k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €194k ▲45.9%
3 profitable years in a row build equity to €194k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €133k ▲324%
2 profitable years in a row build equity to €133k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-13k ▼417%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Waregem · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wetstraat 1058792 WaregemGround area
9,367 m²
Building footprint
110 m²
Volume, LiDAR
614 m³
Parcel 34010B0080/00F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wetstraat 105, 8792 Waregem
since 20142.225.763.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0080/00F000 | Flanders | 9,367 m² | 1 · 110 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 529 companies in sector 79120 we hold annual accounts for 203. 141 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2014
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
79120Travel agency, tour operator and other reservation service and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.