STARLITE
ActiveSummary
The computed 12-month bankruptcy probability of STARLITE is 1.6% (moderate). The 2025 annual accounts show equity of €407,108 and a net result of €68,301. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 3787 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+6
Solvency68▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.72 in 2024; short-term debt: 54.8% and cash: 35.4% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
42.5%
Return on assets
7.1%
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 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
100 d late
2022
70 d late
2021
124 d late
2020
201 d late
2019
118 d late
← 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 96 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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. Usually files around 9 October (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Damme, Accommodation and food service sector#8 company by total assets in Damme, Accommodation and food service sector#8 oldest company in Damme, Accommodation and food service sector
Equity
€407,108▲ 20.2%
2024 · €338,807
Total assets
€957,405▲ 30.0%
2024 · €736,244
Net result
€68,301▲ 241%
2024 · €20,048
Working capital
€271,414▼ 5.0%
2024 · €285,737
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€240,404▲ 853%€80,028▼ 66.7%€19,940▼ 75.1%€38,557▲ 93.4%€104,176▲ 170%
Net result€178,193above the sector's middle half▲ 818%€44,604above the sector's middle half▼ 75.0%€8,058within the sector's middle half▼ 81.9%€20,048within the sector's middle half▲ 149%€68,301above the sector's middle half▲ 241%
Equity€266,097within the sector's middle half▲ 100%€310,701above the sector's middle half▲ 16.8%€318,759within the sector's middle half▲ 2.6%€338,807within the sector's middle half▲ 6.3%€407,108above the sector's middle half▲ 20.2%
Total assets€735,358within the sector's middle half▲ 27.3%€753,388above the sector's middle half▲ 2.5%€742,870within the sector's middle half▼ 1.4%€736,244within the sector's middle half▼ 0.9%€957,405above the sector's middle half▲ 30.0%
Debt€469,260▲ 5.5%€442,687▼ 5.7%€424,111▼ 4.2%€397,437▼ 6.3%€550,297▲ 38.5%
Working capital€297,495above the sector's middle half▲ 994%€261,271above the sector's middle half▼ 12.2%€250,173above the sector's middle half▼ 4.2%€285,737above the sector's middle half▲ 14.2%€271,414above the sector's middle half▼ 5.0%
Solvency36.2%within the sector's middle half▲ 13.2pp41.2%within the sector's middle half▲ 5.1pp42.9%within the sector's middle half▲ 1.7pp46.0%within the sector's middle half▲ 3.1pp42.5%within the sector's middle half▼ 3.5pp
Current ratio2.04within the sector's middle half▲ 0.941.68within the sector's middle half▼ 0.361.59within the sector's middle half▼ 0.081.72within the sector's middle half▲ 0.131.52within the sector's middle half▼ 0.21
Return on assets (ROA)24.2%above the sector's middle half▲ 20.9pp5.9%within the sector's middle half▼ 18.3pp1.1%within the sector's middle half▼ 4.8pp2.7%within the sector's middle half▲ 1.6pp7.1%within the sector's middle half▲ 4.4pp
Staff (FTE)5.5within the sector's middle half▼ 36.0%5.2▼ 5.5%0.6below the sector's middle half▼ 88.5%0below the sector's middle half▼ 100%0.5below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -75% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
- 2021 Net result +818% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 170% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €957,405
Fixed assets
€161,591 ▲ 191%
Current assets
€795,814 ▲ 16.9%
Equity and liabilities €957,405
Equity
€407,108 ▲ 20.2%
Debt
€550,297 ▲ 38.5%
Debt's share of the balance-sheet total rises from 54.0% to 57.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€134,825▲
2024 · €60,225
Cash flow
€98,951▲
2024 · €41,716
Debt to equity
1.35▲
2024 · 1.17
ROE
16.8%▲
2024 · 5.9%
Interest coverage
37.05▲
2024 · 15.55
Debt ≤ 1 year
€524,400▲
2024 · €394,920
Debt > 1 year
€21,612
Income taxes
€32,236▲
2024 · €14,639
Staff costs
€45,410▲
2024 · €2,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €219,541 | €226,800 | €32,179 | €2,013 | €45,410 | ▲ 2,156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120,396 | €69,379 | €78,678 | €21,669 | €30,650 | ▲ 41.4% |
| Other operating charges640/8 | €5,817 | €5,156 | €7,251 | €18,788 | €7,192 | ▼ 61.7% |
| Gross operating margin9900 | €586,158 | €381,363 | €138,048 | €81,026 | €187,427 | ▲ 131% |
| Operating profit (loss)9901 | €240,404 | €80,028 | €19,940 | €38,557 | €104,176 | ▲ 170% |
| Financial income75/76B | €97 | €27 | €15 | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €97 | €27 | €15 | €4 | €0 | ▼ 100% |
| Financial charges65/66B | €9,325 | €5,917 | €5,387 | €3,874 | €3,639 | ▼ 6.1% |
| Recurring financial charges65 | €9,325 | €5,917 | €5,387 | €3,874 | €3,639 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €231,176 | €74,139 | €14,568 | €34,687 | €100,537 | ▲ 190% |
| Income taxes67/77 | €52,983 | €29,536 | €6,510 | €14,639 | €32,236 | ▲ 120% |
| Profit (loss) for the period9904 | €178,193 | €44,604 | €8,058 | €20,048 | €68,301 | ▲ 241% |
| Profit (loss) for the period to be appropriated9905 | €178,193 | €44,604 | €8,058 | €20,048 | €68,301 | ▲ 241% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €735,358 | €753,388 | €742,870 | €736,244 | €957,405 | ▲ 30.0% |
| Fixed assets21/28 | €151,639 | €107,198 | €71,579 | €55,588 | €161,591 | ▲ 191% |
| Intangible fixed assets21 | €102,000 | €51,000 | €0 | - | - | - |
| Tangible fixed assets22/27 | €47,729 | €54,287 | €71,579 | €55,588 | €161,591 | ▲ 191% |
| Plant, machinery and equipment23 | €27,014 | €33,146 | €52,351 | €38,486 | €149,084 | ▲ 287% |
| Furniture and vehicles24 | €19,069 | €20,319 | €19,228 | €17,101 | €12,507 | ▼ 26.9% |
| Other tangible fixed assets26 | €1,645 | €823 | €0 | - | - | - |
| Financial fixed assets28 | €1,911 | €1,911 | €0 | - | - | - |
| Current assets29/58 | €583,719 | €646,190 | €671,291 | €680,657 | €795,814 | ▲ 16.9% |
| Stocks and contracts in progress3 | €1,100 | €1,100 | €5,153 | €5,450 | €0 | ▼ 100% |
| Stocks30/36 | €1,100 | €1,100 | €5,153 | €5,450 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €233,933 | €315,189 | €424,140 | €385,660 | €450,460 | ▲ 16.8% |
| Trade receivables40 | €108,217 | €121,848 | €276,130 | €252,855 | €332,212 | ▲ 31.4% |
| Other amounts receivable41 | €125,716 | €193,341 | €148,011 | €132,805 | €118,248 | ▼ 11.0% |
| Cash at bank and in hand54/58 | €346,538 | €325,108 | €235,512 | €253,633 | €338,705 | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €2,147 | €4,793 | €6,486 | €35,915 | €6,649 | ▼ 81.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €735,358 | €753,388 | €742,870 | €736,244 | €957,405 | ▲ 30.0% |
| Equity10/15 | €266,097 | €310,701 | €318,759 | €338,807 | €407,108 | ▲ 20.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €247,505 | €292,109 | €300,167 | €320,215 | €388,516 | ▲ 21.3% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €3,360 | €3,360 | €3,360 | €3,360 | €3,360 | = |
| Distributable reserves133 | €242,286 | €286,889 | €296,807 | €316,855 | €385,155 | ▲ 21.6% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €469,260 | €442,687 | €424,111 | €397,437 | €550,297 | ▲ 38.5% |
| Amounts payable after more than one year17 | €103,836 | €52,227 | €0 | - | €21,612 | - |
| Financial debts170/4 | €103,836 | €52,227 | €0 | - | €21,612 | - |
| Amounts payable within one year42/48 | €286,223 | €384,919 | €421,119 | €394,920 | €524,400 | ▲ 32.8% |
| Current portion of amounts payable after more than one year42 | €53,285 | €52,420 | €52,227 | €0 | €13,072 | - |
| Financial debts43 | - | - | - | - | €207 | - |
| Credit institutions430/8 | - | - | - | - | €207 | - |
| Trade debts44 | €65,635 | €133,961 | €175,425 | €149,925 | €234,553 | ▲ 56.4% |
| Suppliers440/4 | €65,635 | €133,961 | €175,425 | €149,925 | €234,553 | ▲ 56.4% |
| Advances received on contracts in progress46 | - | - | €9,151 | €15,754 | €15,754 | = |
| Taxes, remuneration and social security45 | €48,987 | €54,356 | €4,489 | €18,548 | €51,353 | ▲ 177% |
| Taxes450/3 | €34,601 | €37,660 | €2,685 | €18,221 | €46,931 | ▲ 158% |
| Remuneration and social security454/9 | €14,385 | €16,696 | €1,804 | €326 | €4,422 | ▲ 1,255% |
| Other amounts payable47/48 | €118,317 | €144,182 | €179,826 | €210,692 | €209,460 | ▼ 0.6% |
| Accrued charges and deferred income492/3 | €79,201 | €5,541 | €2,992 | €2,518 | €4,285 | ▲ 70.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,193 | €44,604 | €8,058 | €20,048 | €68,301 | ▲ 241% |
| + Depreciation and write-downs630 | €120,396 | €69,379 | €78,678 | €21,669 | €30,650 | ▲ 41.4% |
| Operating cash flow (approximation) | €298,589 | €113,982 | €86,736 | €41,716 | €98,951 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€24,937 | -€43,059 | -€5,678 | -€136,653 | ▼ 2,307% |
| Change in cash | - | -€21,430 | -€89,597 | €18,121 | €85,072 | ▲ 369% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 100 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 124 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 201 days late
2021
31-12
Financial
Highest result since 2018net €178,193 ▲818%
Operating result €240,404, net result €178,193, both a record.
31-12
Financial
Equity above €200,000Eq €266,097 ▲100%
2 profitable years in a row build equity to €266,097.
2020
31-12
Financial
Back to profitnet €19,401
Net result €19,401 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet -€2,246
Net result drops to -€2,246, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 80 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Damme · 3 establishment units since 2003
Ground area
4,561 m²
Building footprint
1,251 m²
Volume, LiDAR
23,785 m³
2 parcels, Flanders · tallest building 34.3 m, ±10 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
Starlite - King Beach
since 20032.134.821.035
King Beach
since 20202.301.025.882
Sunset Beach
since 20202.301.025.981
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019B0393/00N000 | Flanders | 3,572 m² | 1 · 152 m² | 6.0 m · 1 fl. |
| 31004A0405/00F003 | Flanders | 989 m² | 1 · 1,099 m² | 34.3 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
3 sitesBlankenberge2.134.821.035
Blankenberge2.301.025.882
Blankenberge2.301.025.981
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Of 20,500 companies in sector 56111 we hold annual accounts for 11,464. 6,900 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
Founded11-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
77210Renting and leasing of sports and recreation goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457384692
Also
9925:BE0457384692
Registered
27-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.