Start-Hub Belgium

Active

Private limited companyfounded 20241 yr activeLouizalaan 231, 1050 Elsene, BelgiumKBO/BCE: BE 1014.942.276

Summary

Start-Hub Belgium has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €683. Its solvency ranks better than 31% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

61 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability59

Solvency56

Growth-

Track record67

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.17; short-term debt: 68.6% and cash: 14.4% of total assets), and 68.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

31.4%

Return on assets

0.4%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 1 filing

Deviation from the deadline

2025

14 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€38k

EBIT margin

3.2%

Net result

€683

Working capital

€19k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €161k

19.4%

80.6%

Fixed assets €31k

Current assets €130k

Equity and liabilities €161k

31.4%

68.6%

Equity €51k

Debt €111k

Debt finances 68.6% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€2k

Cash flow

€2k

Current ratio

1.17

Debt to equity

2.19

ROE

1.3%

ROA

0.4%

Interest coverage

5.83

Debt ≤ 1 year

€111k

Income taxes

€193

Filed annual accounts As filed with the NBB · 2025 · 30 lines

Balance sheet Code2025

Assets

Total assets20/58€161k

Fixed assets21/28€31k

Intangible fixed assets21€31k

Current assets29/58€130k

Amounts receivable within one year40/41€107k

Trade receivables40€107k

Cash at bank and in hand54/58€23k

Equity and liabilities

Total equity and liabilities10/49€161k

Equity10/15€51k

Contributions10/11€50k

Profit (loss) carried forward14€683

Amounts payable17/49€111k

Amounts payable within one year42/48€111k

Trade debts44€111k

Suppliers440/4€111k

Taxes, remuneration and social security45€193

Taxes450/3€193

Income statement Code2025

Turnover70€38k

Goods, raw materials, services and sundry goods60/61€35k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€863

Other operating charges640/8€810

Gross operating margin9900€3k

Operating profit (loss)9901€1k

Financial charges65/66B€360

Recurring financial charges65€360

Profit (loss) for the period before taxes9903€876

Income taxes67/77€193

Profit (loss) for the period9904€683

Profit (loss) for the period to be appropriated9905€683

Appropriation of the result

Profit (loss) to be appropriated9906€683

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Gazette 12Filings 1

2026

15-09

State Gazette act Incorporation · Founding capital

Capital · Name clause

01-09

State Gazette act Incorporation · Founding capital

Corporate purpose · Director appointment

27-08

State Gazette act Incorporation · Founding capital

Corporate purpose · Director appointment

18-08

State Gazette act Incorporation · Founding capital

Bank account · Corporate purpose

14-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 14 days late

07-08

State Gazette act Incorporation · Founder