START'UP LAB
ActiveSummary
START'UP LAB has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €412,868 and a net result of €167,900. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 19921 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+14
Solvency53▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.35 in 2023; short-term debt: 17.5% and cash: 0.3% of total assets), but 72.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 19921 sector peers (2024).
NBB · sector comparisonPosition among 19921 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €412,868
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
68 d late
2022
3 d early
2021
50 d late
2020
264 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€412,868▲ 68.5%
2023 · €244,968
Total assets
€1.5m▲ 18.6%
2023 · €1.3m
Net result
€167,900▲ 6.0%
2023 · €158,338
Working capital
€163,430▲ 163%
2023 · €62,219
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 86, Human health 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,851▲ 101%€85,316▲ 196%€115,589▲ 35.5%€233,711▲ 102%€249,401▲ 6.7%
Net result-€1,658below the sector's middle half€41,062within the sector's middle half€70,052within the sector's middle half▲ 70.6%€158,338above the sector's middle half▲ 126%€167,900above the sector's middle half▲ 6.0%
Equity-€24,484below the sector's middle half▼ 7.3%€16,578below the sector's middle half€86,630within the sector's middle half▲ 423%€244,968within the sector's middle half▲ 183%€412,868above the sector's middle half▲ 68.5%
Total assets€1.1mabove the sector's middle half▲ 1.3%€1.1mabove the sector's middle half▼ 0.9%€1.1mabove the sector's middle half▲ 3.5%€1.3mabove the sector's middle half▲ 14.6%€1.5mabove the sector's middle half▲ 18.6%
Debt€1.1m▲ 1.4%€1.0m▼ 4.6%€1.0m▼ 3.2%€1.0m▲ 0.2%€1.1m▲ 6.6%
Working capital€13,838below the sector's middle half-€68,098below the sector's middle half-€14,377below the sector's middle half▲ 78.9%€62,219within the sector's middle half€163,430within the sector's middle half▲ 163%
Solvency-2.3%below the sector's middle half▼ 0.1pp1.6%below the sector's middle half▲ 3.8pp7.9%below the sector's middle half▲ 6.3pp19.5%below the sector's middle half▲ 11.6pp27.6%below the sector's middle half▲ 8.2pp
Current ratio1.37below the sector's middle half▲ 0.790.38below the sector's middle half▼ 0.990.85below the sector's middle half▲ 0.461.35below the sector's middle half▲ 0.511.62within the sector's middle half▲ 0.27
Return on assets (ROA)-0.2%below the sector's middle half▼ 0.6pp3.9%below the sector's middle half▲ 4.0pp6.4%below the sector's middle half▲ 2.5pp12.6%within the sector's middle half▲ 6.2pp11.2%within the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.1m ▲ 4.7%
Current assets
€425,378 ▲ 77.8%
Equity and liabilities €1.5m
Equity
€412,868 ▲ 68.5%
Debt
€1.1m ▲ 6.6%
Debt's share of the balance-sheet total falls from 80.5% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€250,747
Cash flow
€169,246
Debt to equity
2.62▼
2023 · 4.14
ROE
40.7%▼
2023 · 64.6%
Interest coverage
13.78
Debt ≤ 1 year
€261,948▲
2023 · €177,083
Debt > 1 year
€818,875▼
2023 · €837,211
Income taxes
€73,292▲
2023 · €62,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €101,968 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,563 | €644 | €0 | - | €1,346 | - |
| Other operating charges640/8 | €1,518 | €300 | €3,070 | €1,018 | €26,037 | ▲ 2,457% |
| Gross operating margin9900 | €40,932 | €86,260 | €118,659 | €234,729 | €276,784 | ▲ 17.9% |
| Operating profit (loss)9901 | €28,851 | €85,316 | €115,589 | €233,711 | €249,401 | ▲ 6.7% |
| Financial income75/76B | €453 | €548 | €569 | €4,224 | €9,992 | ▲ 137% |
| Recurring financial income75 | €453 | €548 | €569 | €4,224 | €9,992 | ▲ 137% |
| Financial charges65/66B | €28,056 | €25,691 | €19,484 | €17,571 | €18,201 | ▲ 3.6% |
| Recurring financial charges65 | €28,056 | €25,691 | €19,484 | €17,571 | €18,201 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €1,247 | €60,174 | €96,673 | €220,364 | €241,192 | ▲ 9.5% |
| Income taxes67/77 | €2,905 | €19,112 | €26,621 | €62,026 | €73,292 | ▲ 18.2% |
| Profit (loss) for the period9904 | -€1,658 | €41,062 | €70,052 | €158,338 | €167,900 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,658 | €41,062 | €70,052 | €158,338 | €167,900 | ▲ 6.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.3m | €1.5m | ▲ 18.6% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 4.7% |
| Tangible fixed assets22/27 | €644 | €0 | - | - | €48,353 | - |
| Furniture and vehicles24 | €644 | €0 | - | - | €48,353 | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €51,119 | €42,467 | €79,129 | €239,302 | €425,378 | ▲ 77.8% |
| Amounts receivable after more than one year29 | €17,406 | €0 | - | - | - | - |
| Other amounts receivable291 | €17,406 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €32,733 | €19,009 | €26,498 | €191,989 | €350,348 | ▲ 82.5% |
| Trade receivables40 | €22,603 | €0 | - | €7,921 | €0 | ▼ 100% |
| Other amounts receivable41 | €10,130 | €19,009 | €26,498 | €184,068 | €350,348 | ▲ 90.3% |
| Current investments50/53 | - | €16,508 | €16,508 | €16,508 | €16,508 | = |
| Cash at bank and in hand54/58 | - | €6,950 | €6,123 | €7,685 | €3,811 | ▼ 50.4% |
| Deferred charges and accrued income490/1 | €980 | €0 | €30,000 | €23,120 | €54,710 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.3m | €1.5m | ▲ 18.6% |
| Equity10/15 | -€24,484 | €16,578 | €86,630 | €244,968 | €412,868 | ▲ 68.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€30,684 | €10,378 | €80,430 | €238,768 | €406,668 | ▲ 70.3% |
| Amounts payable17/49 | €1.1m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 6.6% |
| Amounts payable after more than one year17 | €1.0m | €935,284 | €918,953 | €837,211 | €818,875 | ▼ 2.2% |
| Financial debts170/4 | €1.0m | €935,284 | €918,953 | €837,211 | €818,875 | ▼ 2.2% |
| Other amounts payable178/9 | €1,760 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €37,281 | €110,566 | €93,506 | €177,083 | €261,948 | ▲ 47.9% |
| Current portion of amounts payable after more than one year42 | €12,935 | €54,200 | €8,812 | €44,875 | €61,289 | ▲ 36.6% |
| Financial debts43 | €3,592 | €0 | - | - | - | - |
| Credit institutions430/8 | €3,592 | €0 | - | - | - | - |
| Trade debts44 | €5,795 | €95 | €5,920 | €0 | €21,670 | - |
| Suppliers440/4 | €5,795 | €95 | €5,920 | €0 | €21,670 | - |
| Taxes, remuneration and social security45 | €3,290 | €19,240 | €45,861 | €93,887 | €134,044 | ▲ 42.8% |
| Taxes450/3 | €3,290 | €19,240 | €45,861 | €93,887 | €134,044 | ▲ 42.8% |
| Other amounts payable47/48 | €11,668 | €37,031 | €32,912 | €38,321 | €44,946 | ▲ 17.3% |
| Accrued charges and deferred income492/3 | €27,500 | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,658 | €41,062 | €70,052 | €158,338 | €167,900 | ▲ 6.0% |
| + Depreciation and write-downs630 | €10,563 | €644 | €0 | - | €1,346 | - |
| Operating cash flow (approximation) | €8,906 | €41,706 | €70,052 | €158,338 | €169,246 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€49,699 | - |
| Change in cash | - | - | -€827 | €1,561 | -€3,874 | ▼ 348% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €167,900 ▲6%
Operating result €249,401, net result €167,900, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Equity above €200,000Eq €244,968 ▲183%
3 profitable years in a row build equity to €244,968.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 264 days late
2021
31-12
Financial
Back to profitnet €41,062
Net result €41,062 after one loss-making year.
2020
31-12
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.58 to 1.37; short-term debt falls from €46,275 to €37,281.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €4,693
Net result €4,693 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anderlecht · 1 establishment unit since 2017
Ground area
5.0 ha
Building footprint
5.0 ha
Volume, LiDAR
486,513 m³
Parcel 21307F0076/00D000, Brussels · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
87
companies at this address
See who is registered here
1 establishment unit
Olympische dreef 15, 1070 Anderlecht
since 20172.300.401.025
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0076/00D000 | Brussels | 5.0 ha | 1 · 5.0 ha | 17.9 m · 4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
- NATIONAAL EIGENDOMSBEHEERsubsidiarySourceown accounts 202299%
According to the 2022 annual accounts of START'UP LAB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 6,944 companies in sector 86230 we hold annual accounts for 4,298. 3,591 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 (pre-2019)
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
Contact
Phone
+320000000000
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678581118
Also
9925:BE0678581118
Registered
01-03-2026
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.