STARPADEL
ActiveSummary
STARPADEL has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201k and a net result of €-19k. Its solvency ranks better than 95% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-1
Solvency100=
Growth52
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 7.6 against 3.1 in 2024; short-term debt: 6.1% and cash: 46% of total assets), and 6.1% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€201k▲ 25.4%
2024 · €161k
Total assets
€215k▲ 20.9%
2024 · €177k
Net result
€-19k▼ 34.0%
2024 · €-14k
Working capital
€86k▲ 145%
2024 · €35k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€-18k-€-19k▼ 5.6%
Net result€-14k-€-19k▼ 34.0%
Equity€161k-€201k▲ 25.4%
Total assets€177k-€215k▲ 20.9%
Debt€17k-€13k▼ 21.9%
Working capital€35k-€86k▲ 145%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €18k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€115k ▼ 8.3%
Current assets
€100k ▲ 91.1%
Equity and liabilities €215k
Equity
€201k ▲ 25.4%
Debt
€13k ▼ 21.9%
Debt's share of the balance-sheet total falls from 9.5% to 6.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-4k▲
2024 · €-7k
Cash flow
€-5k▼
2024 · €-3k
Current ratio
7.60▲
2024 · 3.10
Debt to equity
0.07▼
2024 · 0.10
ROE
-9.5%▼
2024 · -8.9%
ROA
-9.0%▼
2024 · -8.1%
Interest coverage
-9.54▲
2024 · -122.44
Debt ≤ 1 year
€13k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €15k | ▲ 33.6% |
| Other operating charges640/8 | €826 | - | - |
| Gross operating margin9900 | €-6k | €-4k | ▲ 31.2% |
| Operating profit (loss)9901 | €-18k | €-19k | ▼ 5.6% |
| Financial income75/76B | €4k | - | - |
| Recurring financial income75 | €4k | - | - |
| Financial charges65/66B | €55 | €430 | ▲ 675% |
| Recurring financial charges65 | €55 | €430 | ▲ 675% |
| Profit (loss) for the period before taxes9903 | €-14k | €-19k | ▼ 34.0% |
| Profit (loss) for the period9904 | €-14k | €-19k | ▼ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-19k | ▼ 34.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €177k | €215k | ▲ 20.9% |
| Fixed assets21/28 | €125k | €115k | ▼ 8.3% |
| Intangible fixed assets21 | €5k | €4k | ▼ 16.2% |
| Tangible fixed assets22/27 | €121k | €111k | ▼ 8.0% |
| Plant, machinery and equipment23 | €119k | €110k | ▼ 7.7% |
| Furniture and vehicles24 | €1k | €679 | ▼ 37.4% |
| Current assets29/58 | €52k | €100k | ▲ 91.1% |
| Amounts receivable within one year40/41 | €49k | €880 | ▼ 98.2% |
| Trade receivables40 | €8k | €735 | ▼ 90.8% |
| Other amounts receivable41 | €41k | €145 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €2k | €99k | ▲ 3,892% |
| Deferred charges and accrued income490/1 | €205 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €177k | €215k | ▲ 20.9% |
| Equity10/15 | €161k | €201k | ▲ 25.4% |
| Contributions10/11 | €175k | €235k | ▲ 34.3% |
| Profit (loss) carried forward14 | €-14k | €-34k | ▼ 134% |
| Amounts payable17/49 | €17k | €13k | ▼ 21.9% |
| Amounts payable within one year42/48 | €17k | €13k | ▼ 21.9% |
| Trade debts44 | €14k | €5k | ▼ 68.4% |
| Suppliers440/4 | €14k | €5k | ▼ 68.4% |
| Other amounts payable47/48 | €2k | €9k | ▲ 256% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-19k | ▼ 34.0% |
| + Depreciation and write-downs630 | €11k | €15k | ▲ 33.6% |
| Operating cash flow (approximation) | €-3k | €-5k | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | €-4k | - |
| Change in cash | - | €96k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 7.60
Current ratio from 3.10 to 7.60; short-term debt falls from €17k to €13k.
31-12
Financial
Equity above €200kEq €201k ▲25.4%
Equity rises from €161k to €201k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Frameries · 1 establishment unit since 2023
Ground area
4,195 m²
Building footprint
217 m²
Volume, LiDAR
1,183 m³
2 parcels, Wallonia · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STARPADEL
since 20232.354.287.394
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53064B0219/00R000 | Wallonia | 2,954 m² | 1 · 51 m² | 12.9 m · 1 fl. |
| 53025B0054/00L000 | Wallonia | 1,241 m² | 1 · 166 m² | 7.1 m · 2 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.
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,495. 1,116 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
Founded18-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.