STARSAVOR GROUP
ActiveSummary
STARSAVOR GROUP has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.34M) and a net result of €-918k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.85 in 2024; short-term debt: 130.9% and cash: 0.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
-32.9%
Return on assets
-22.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1920212223232425
2019 to 2025 · latest year €-1.34M
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
1 d early
2023
61 d late
2023
on the day
2022
3 d late
2021
22 d late
2020
3 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-918k▼ 4.4%
2024 · €-879k
2019: €21k
2020: €22k
2021: €114k
2022: €-21k
2023: €33k
2023: €-364k
2024: €-879k
2019 → 2025
Working capital
€-1.65M▼ 115%
2024 · €-767k
2019: €155k
2020: €58k
2021: €33k
2022: €109k
2023: €924k
2023: €675k
2024: €-767k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€389k-€822k▲ 111%€457k▼ 44.3%€-422k€-1.34M▼ 218%
Operating result€7k-€84k▲ 1,048%€-251k€-744k▼ 196%€-841k▼ 13.1%
Net result€-21k-€33k€-364k€-879k▼ 141%€-918k▼ 4.4%
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.03M
Fixed assets
€363k ▼ 20.9%
Current assets
€3.67M ▼ 13.2%
Key figures and ratios
EBITDA
€-736k▼
2024 · €-640k
Cash flow
€-813k▼
2024 · €-775k
Solvency
-32.9%▼
2024 · -8.9%
Current ratio
0.69▼
2024 · 0.85
Quick ratio
0.36▼
2024 · 0.50
Debt to equity
-4.04▲
2024 · -12.21
ROA
-22.6%▼
2024 · -18.6%
Interest coverage
-8.94▼
2024 · -4.74
Debt
€5.41M▲
2024 · €5.15M
Debt ≤ 1 year
€5.32M▲
2024 · €4.99M
Debt > 1 year
€82k▼
2024 · €156k
Income taxes
€641▼
2024 · €775
Staff costs
€544k▼
2024 · €704k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.73M€4.07M▼
Formation expenses20€42k€34k▼
Fixed assets21/28€459k€363k▼
Intangible fixed assets21€233k€210k▼
Tangible fixed assets22/27€197k€147k▼
Plant, machinery and equipment23€171k€108k▼
Furniture and vehicles24€18k€36k▲
Other tangible fixed assets26€8k€4k▼
Financial fixed assets28€30k€6k▼
Current assets29/58€4.23M€3.67M▼
Stocks and contracts in progress3€1.75M€1.75M=
Stocks30/36€1.75M€1.75M=
Amounts receivable within one year40/41€2.02M€1.87M▼
Trade receivables40€1.53M€1.40M▼
Other amounts receivable41€497k€474k▼
Cash at bank and in hand54/58€433k€37k▼
Deferred charges and accrued income490/1€22k€13k▼
Equity and liabilities
Total equity and liabilities10/49€4.73M€4.07M▼
Equity10/15€-422k€-1.34M▼
Contributions10/11€552k€552k=
Reserves13€47k€47k=
Non-distributable reserves130/1€16k€16k=
Reserves not available under the articles1311€16k€16k=
Tax-exempt reserves132€31k€31k=
Profit (loss) carried forward14€-1.02M€-1.94M▼
Amounts payable17/49€5.15M€5.41M▲
Amounts payable after more than one year17€156k€82k▼
Financial debts170/4€156k€82k▼
Amounts payable within one year42/48€4.99M€5.32M▲
Current portion of amounts payable after more than one year42€168k€89k▼
Financial debts43€1.25M€1.20M▼
Credit institutions430/8€1.25M€1.20M▼
Trade debts44€2.23M€2.35M▲
Suppliers440/4€2.23M€2.35M▲
Taxes, remuneration and social security45€125k€67k▼
Taxes450/3€7k€1k▼
Remuneration and social security454/9€118k€66k▼
Other amounts payable47/48€1.22M€1.61M▲
Income statement
Code20242025
Remuneration, social security and pensions62€704k€544k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€105k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€111k▲
Other operating charges640/8€16k€24k▲
Non-recurring operating charges66A-€50
Gross operating margin9900€95k€-58k▼
Operating profit (loss)9901€-744k€-841k▼
Financial income75/76B€823€7k▲
Recurring financial income75€823€7k▲
Financial charges65/66B€135k€82k▼
Recurring financial charges65€135k€82k▼
Profit (loss) for the period before taxes9903€-878k€-917k▼
Income taxes67/77€775€641▼
Profit (loss) for the period9904€-879k€-918k▼
Profit (loss) for the period to be appropriated9905€-879k€-918k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.02M€-1.94M▼
Profit (loss) brought forward from the previous period14P€-141k€-1.02M▼
Social balance
Average headcount (FTE)908712.210.4▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
31-12
Financial
Weakest financial yearnet €-918k
Net result drops to €-918k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
31-03
Financial
Equity above €500kEq €822k ▲111%
Equity rises from €389k to €822k.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
31-03
Financial
Highest result since 2019net €114k ▲429%
Operating result €125k, net result €114k, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Ciney · 4 establishment units since 1980
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.
Allée des Artisans 175590 CineyGround area
1.1 ha
Building footprint
1,311 m²
4 parcels, Wallonia. Linked by address, not a title deed.
4 establishment units
Rue de la Goulette 2, 6810 Chiny
since 19802.017.747.478
Rue d'Arlon 21bis, 6820 Florenville
since 20182.273.610.714
STARSAVOR
since 20212.313.563.826
STARSAVOR GROUP
since 20242.363.795.374
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0198/00A003 | Wallonia | 5,487 m² | 1 · 441 m² | - |
| 91030B0198/00B002 | Wallonia | 3,048 m² | 1 · 599 m² | - |
| 85011C0025/00K002 | Wallonia | 1,643 m² | 1 · 77 m² | - |
| 85007A0197/00D000 | Wallonia | 1,142 m² | 1 · 194 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 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
4 sitesCiney2.313.563.826
Ciney2.363.795.374
Chiny2.017.747.478
Florenville2.273.610.714
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1980
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
10111Manufacture of food products
10120Manufacture of food products
10130Manufacture of food products
46322Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.