StarRetail
ActiveSummary
The computed 12-month bankruptcy probability of StarRetail is 1.5% (moderate). The annual accounts of StarRetail for fiscal year 2025 show a net loss of 59% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €16,092 and a net result of -€31,199. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 3787 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-13
Solvency55▼-41
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.73 against 2.31 in 2024; short-term debt: 69.5% and cash: 1.7% of total assets), and 69.5% of the assets are financed with debt.
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Signals
Six 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 →
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 2025Solvency, return and age of the figures
Solvency
30.5%
Return on assets
-59.1%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€31,199
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
48 d early
2023
45 d early
2022
3 d late
2021
2 d early
2020
31 d late
2019
92 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 1 day 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 6 July (5 of the last 5 filed years within 30 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
Equity
€16,092▼ 66.0%
2024 · €47,291
Total assets
€52,773▼ 20.9%
2024 · €66,726
Net result
-€31,199▼ 376%
2024 · -€6,553
Working capital
-€9,892
2024 · €25,384
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,381▼ 63.5%€39,210▲ 245%€46,022▲ 17.4%€9,733▼ 78.9%-€11,904
Net result€644within the sector's middle half▼ 97.0%€23,577above the sector's middle half▲ 3,564%€23,479above the sector's middle half▼ 0.4%-€6,553below the sector's middle half-€31,199below the sector's middle half▼ 376%
Equity€6,788within the sector's middle half▲ 10.5%€30,365within the sector's middle half▲ 347%€53,844within the sector's middle half▲ 77.3%€47,291within the sector's middle half▼ 12.2%€16,092within the sector's middle half▼ 66.0%
Total assets€27,479below the sector's middle half▼ 13.1%€46,507within the sector's middle half▲ 69.2%€78,981within the sector's middle half▲ 69.8%€66,726within the sector's middle half▼ 15.5%€52,773below the sector's middle half▼ 20.9%
Debt€20,692▼ 18.8%€16,142▼ 22.0%€25,137▲ 55.7%€19,435▼ 22.7%€36,681▲ 88.7%
Working capital€6,788within the sector's middle half▼ 18.7%€30,365within the sector's middle half▲ 347%€53,844above the sector's middle half▲ 77.3%€25,384within the sector's middle half▼ 52.9%-€9,892within the sector's middle half
Solvency24.7%within the sector's middle half▲ 5.3pp65.3%above the sector's middle half▲ 40.6pp68.2%above the sector's middle half▲ 2.9pp70.9%above the sector's middle half▲ 2.7pp30.5%within the sector's middle half▼ 40.4pp
Current ratio1.33within the sector's middle half▼ 0.032.88above the sector's middle half▲ 1.553.14above the sector's middle half▲ 0.262.31above the sector's middle half▼ 0.840.73within the sector's middle half▼ 1.58
Return on assets (ROA)2.3%within the sector's middle half▼ 66.1pp50.7%above the sector's middle half▲ 48.4pp29.7%above the sector's middle half▼ 21.0pp-9.8%below the sector's middle half▼ 39.5pp-59.1%below the sector's middle half▼ 49.3pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,904 after €9,733 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,773
Fixed assets
€25,985 ▲ 18.6%
Current assets
€26,789 ▼ 40.2%
Equity and liabilities €52,773
Equity
€16,092 ▼ 66.0%
Debt
€36,681 ▲ 88.7%
Debt's share of the balance-sheet total rises from 29.1% to 69.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,912▼
2024 · €10,203
Cash flow
-€28,207▼
2024 · -€6,083
Debt to equity
2.28▲
2024 · 0.41
ROE
-193.9%▼
2024 · -13.9%
Interest coverage
-0.64▼
2024 · 0.73
Debt ≤ 1 year
€36,681▲
2024 · €19,435
Income taxes
€5,353▲
2024 · €2,258
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,340 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 4,805 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 | - | - | - | €470 | €2,992 | ▲ 537% |
| Other operating charges640/8 | €449 | €4,354 | €230 | €575 | €981 | ▲ 70.8% |
| Non-recurring operating charges66A | - | - | - | - | €495 | - |
| Gross operating margin9900 | €11,829 | €43,565 | €46,252 | €10,778 | -€7,436 | ▼ 169% |
| Operating profit (loss)9901 | €11,381 | €39,210 | €46,022 | €9,733 | -€11,904 | ▼ 222% |
| Financial income75/76B | €353 | €509 | €165 | €0 | - | - |
| Recurring financial income75 | €353 | €509 | €165 | €0 | - | - |
| Financial charges65/66B | €359 | €6,607 | €11,594 | €14,028 | €13,942 | ▼ 0.6% |
| Recurring financial charges65 | €359 | €6,607 | €11,594 | €14,028 | €13,942 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | €11,375 | €33,112 | €34,593 | -€4,295 | -€25,846 | ▼ 502% |
| Income taxes67/77 | €10,731 | €9,534 | €11,114 | €2,258 | €5,353 | ▲ 137% |
| Profit (loss) for the period9904 | €644 | €23,577 | €23,479 | -€6,553 | -€31,199 | ▼ 376% |
| Profit (loss) for the period to be appropriated9905 | €644 | €23,577 | €23,479 | -€6,553 | -€31,199 | ▼ 376% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,479 | €46,507 | €78,981 | €66,726 | €52,773 | ▼ 20.9% |
| Fixed assets21/28 | - | - | - | €21,907 | €25,985 | ▲ 18.6% |
| Tangible fixed assets22/27 | - | - | - | €21,907 | €25,985 | ▲ 18.6% |
| Furniture and vehicles24 | - | - | - | €2,536 | €2,004 | ▼ 21.0% |
| Other tangible fixed assets26 | - | - | - | €19,371 | €23,981 | ▲ 23.8% |
| Current assets29/58 | €27,479 | €46,507 | €78,981 | €44,819 | €26,789 | ▼ 40.2% |
| Amounts receivable within one year40/41 | €15,463 | €16,042 | €22,088 | €34,493 | €25,875 | ▼ 25.0% |
| Trade receivables40 | €8,550 | €12,100 | €13,310 | €13,310 | €11,000 | ▼ 17.4% |
| Other amounts receivable41 | €6,913 | €3,942 | €8,778 | €21,183 | €14,875 | ▼ 29.8% |
| Cash at bank and in hand54/58 | €12,016 | €30,464 | €56,893 | €10,326 | €914 | ▼ 91.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,479 | €46,507 | €78,981 | €66,726 | €52,773 | ▼ 20.9% |
| Equity10/15 | €6,788 | €30,365 | €53,844 | €47,291 | €16,092 | ▼ 66.0% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Profit (loss) carried forward14 | -€55,712 | -€32,135 | -€8,656 | -€15,209 | -€46,408 | ▼ 205% |
| Amounts payable17/49 | €20,692 | €16,142 | €25,137 | €19,435 | €36,681 | ▲ 88.7% |
| Amounts payable within one year42/48 | €20,692 | €16,142 | €25,137 | €19,435 | €36,681 | ▲ 88.7% |
| Trade debts44 | €92 | €843 | €7,299 | €4,586 | €18,386 | ▲ 301% |
| Suppliers440/4 | €92 | €843 | €7,299 | €4,586 | €18,386 | ▲ 301% |
| Taxes, remuneration and social security45 | €20,600 | €15,299 | €17,838 | €14,850 | €6,207 | ▼ 58.2% |
| Taxes450/3 | €20,600 | €15,299 | €17,838 | €11,501 | €2,840 | ▼ 75.3% |
| Remuneration and social security454/9 | €0 | - | - | €3,349 | €3,367 | ▲ 0.5% |
| Other amounts payable47/48 | - | - | - | - | €12,088 | - |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €644 | €23,577 | €23,479 | -€6,553 | -€31,199 | ▼ 376% |
| + Depreciation and write-downs630 | - | - | - | €470 | €2,992 | ▲ 537% |
| Operating cash flow (approximation) | €644 | €23,577 | €23,479 | -€6,083 | -€28,207 | ▼ 364% |
| Investment in fixed assets (approximation) | - | - | - | - | -€7,069 | - |
| Change in cash | - | €18,448 | €26,429 | -€46,567 | -€9,413 | ▲ 79.8% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€31,199
Net result drops to -€31,199, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
07-02
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
07-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.88
Current ratio from 1.33 to 2.88; short-term debt falls from €20,692 to €16,142.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.64 to 1.36; short-term debt falls from €36,649 to €23,290.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Show earlier events
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
15-09
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Laakdal · 1 establishment unit since 2010
Ground area
146 m²
Building footprint
219 m²
Volume, LiDAR
1,057 m³
Parcel 13007A0600/00W000, Flanders · tallest building 14.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STARRETAIL
since 20102.192.434.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13007A0600/00W000 | Flanders | 146 m² | 1 · 219 m² | 14.3 m · 1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 7,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47210Retail sale of fruit and vegetables
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829632189
Also
9925:BE0829632189
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.