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STARTEC

Active
Private limited companyfounded 199134 yrs activeAvenue d'Arromanches 20, 1410 Waterloo, BelgiumKBO/BCE: BE 0445.649.078
Summary

STARTEC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,685) and a net result of €1,688. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 5% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability71▼-4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4; short-term debt: 247% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
-225.7%
Return on assets
13.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31942 sector peers (2025).
NBB · sector comparison
Position among 31942 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 filings
Deviation from the deadline
2025
10 d late
2024
25 d late
2023
22 d late
2022
25 d late
2021
26 d late
2020
16 d late
2019
14 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 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

STARTEC was incorporated on 7 November 1991.1 Total assets fell from EUR 19,851 in 2018 to EUR 12,712 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€28,685▲ 5.6%
2024 · -€30,373
Total assets
€12,712▲ 551%
2024 · €1,952
Net result
€1,688▲ 482%
2024 · €290
Working capital
-€18,685▲ 8.3%
2024 · -€20,373
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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-€1,765€2,248€80▼ 96.4%€623▲ 679%€1,833▲ 194%
Net result-€2,519below the sector's middle half€1,673below the sector's middle half-€1,079below the sector's middle half€290below the sector's middle half€1,688below the sector's middle half▲ 482%
Equity-€31,257below the sector's middle half▼ 8.8%-€29,584below the sector's middle half▲ 5.4%-€30,663below the sector's middle half▼ 3.6%-€30,373below the sector's middle half▲ 0.9%-€28,685below the sector's middle half▲ 5.6%
Total assets€7,537below the sector's middle half▼ 41.7%€6,092below the sector's middle half▼ 19.2%€6,122below the sector's middle half▲ 0.5%€1,952below the sector's middle half▼ 68.1%€12,712below the sector's middle half▲ 551%
Debt€38,794▼ 6.9%€35,676▼ 8.0%€36,785▲ 3.1%€32,325▼ 12.1%€41,397▲ 28.1%
Working capital-€21,257below the sector's middle half▼ 66.0%-€15,473below the sector's middle half▲ 27.2%-€20,663below the sector's middle half▼ 33.5%-€20,373below the sector's middle half▲ 1.4%-€18,685below the sector's middle half▲ 8.3%
Solvency-414.7%below the sector's middle half▼ 192.5pp-485.6%below the sector's middle half▼ 70.9pp-500.9%below the sector's middle half▼ 15.2pp-225.7%below the sector's middle half
Current ratio0.26below the sector's middle half▼ 0.140.28below the sector's middle half▲ 0.020.23below the sector's middle half▼ 0.050.40below the sector's middle half
Return on assets (ROA)-33.4%below the sector's middle half▼ 35.8pp27.5%within the sector's middle half▲ 60.9pp-17.6%below the sector's middle half▼ 45.1pp13.3%within the sector's middle half
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
-€4,000-€2,000€0€2,000Operating result 2021: -€1,765-€1,765Net result 2021: -€2,519-€2,519Operating result 2022: €2,248€2,248Net result 2022: €1,673€1,673Operating result 2023: €80€80Net result 2023: -€1,079-€1,079Operating result 2024: €623€623Net result 2024: €290€290Operating result 2025: €1,833€1,833Net result 2025: €1,688€1,68820212022202320242025-€2,000-€1,000€0€1,000€2,000Operating result 2023: €80€80Net result 2023: -€1,079-€1,080Operating result 2024: €623€623Net result 2024: €290€290Operating result 2025: €1,833€1,830Net result 2025: €1,688€1,690202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 194% above 2024.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-1.44
Debt ≤ 1 year
€31,397▲
2024 · €22,325
Debt > 1 year
€10,000=
2024 · €10,000
Income taxes
€300
Staff costs
€128▼
2024 · €222
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.5% went bankrupt
5.3% stopped otherwise
91% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,798 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€1,952€12,712▲
Current assets29/58€1,952€12,712▲
Stocks and contracts in progress3€1,125-
Stocks30/36€1,125-
Amounts receivable within one year40/41€768€12,591▲
Trade receivables40€768€12,591▲
Cash at bank and in hand54/58€59€121▲
Equity and liabilities
Total equity and liabilities10/49€1,952€12,712▲
Equity10/15-€30,373-€28,685▲
Contributions10/11€18,592€18,592=
Reserves13€695€695=
Non-distributable reserves130/1€47€47=
Reserves not available under the articles1311€47€47=
Distributable reserves133€648€648=
Profit (loss) carried forward14-€49,660-€47,972▲
Amounts payable17/49€32,325€41,397▲
Amounts payable after more than one year17€10,000€10,000=
Other amounts payable178/9€10,000€10,000=
Amounts payable within one year42/48€22,325€31,397▲
Trade debts44€78-
Suppliers440/4€78-
Taxes, remuneration and social security45€995€142▼
Taxes450/3€995€142▼
Other amounts payable47/48€21,252€31,255▲
Income statement Code20242025
Remuneration, social security and pensions62€222€128▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1,125
Other operating charges640/8€845€872▲
Gross operating margin9900€1,690€3,958▲
Operating profit (loss)9901€623€1,833▲
Financial income75/76B-€155
Recurring financial income75-€155
Financial charges65/66B€333-
Recurring financial charges65€333-
Profit (loss) for the period before taxes9903€290€1,988▲
Income taxes67/77-€300
Profit (loss) for the period9904€290€1,688▲
Profit (loss) for the period to be appropriated9905€290€1,688▲
Appropriation of the result
Profit (loss) to be appropriated9906-€49,660-€47,972▲
Profit (loss) brought forward from the previous period14P-€49,950-€49,660▲

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

Line20212022202320242025Change
Remuneration, social security and pensions62€214€141€141€222€128▼ 42.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,233-----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1,779--€1,125-
Other operating charges640/8€741€746€823€845€872▲ 3.2%
Gross operating margin9900€3,423€4,914€1,044€1,690€3,958▲ 134%
Operating profit (loss)9901-€1,765€2,248€80€623€1,833▲ 194%
Financial income75/76B€10---€155-
Recurring financial income75€10---€155-
Financial charges65/66B€764€575€1,159€333--
Recurring financial charges65€764€575€1,159€333--
Profit (loss) for the period before taxes9903-€2,519€1,673-€1,079€290€1,988▲ 586%
Income taxes67/77----€300-
Profit (loss) for the period9904-€2,519€1,673-€1,079€290€1,688▲ 482%
Profit (loss) for the period to be appropriated9905-€2,519€1,673-€1,079€290€1,688▲ 482%
Line20212022202320242025Change
Assets
Total assets20/58€7,537€6,092€6,122€1,952€12,712▲ 551%
Tangible fixed assets22/27€0-----
Current assets29/58€7,537€6,092€6,122€1,952€12,712▲ 551%
Stocks and contracts in progress3€7,116€5,337€5,337€1,125--
Stocks30/36€7,116€5,337€5,337€1,125--
Amounts receivable within one year40/41€421€704€785€768€12,591▲ 1,539%
Trade receivables40€400€704€785€768€12,591▲ 1,539%
Other amounts receivable41€21-----
Cash at bank and in hand54/58-€51-€59€121▲ 105%
Equity and liabilities
Total equity and liabilities10/49€7,537€6,092€6,122€1,952€12,712▲ 551%
Equity10/15-€31,257-€29,584-€30,663-€30,373-€28,685▲ 5.6%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Outside capital11€18,592-----
Share premium1100/10€18,592-----
Reserves13€695€695€695€695€695=
Non-distributable reserves130/1€47€47€47€47€47=
Reserves not available under the articles1311€47€47€47€47€47=
Distributable reserves133€648€648€648€648€648=
Profit (loss) carried forward14-€50,544-€48,871-€49,950-€49,660-€47,972▲ 3.4%
Amounts payable17/49€38,794€35,676€36,785€32,325€41,397▲ 28.1%
Amounts payable after more than one year17€10,000€14,111€10,000€10,000€10,000=
Financial debts170/4-€4,111----
Other amounts payable178/9€10,000€10,000€10,000€10,000€10,000=
Amounts payable within one year42/48€28,794€21,565€26,785€22,325€31,397▲ 40.6%
Current portion of amounts payable after more than one year42€10,165€3,841€4,111---
Financial debts43€1,217-€240---
Credit institutions430/8€1,217-€240---
Trade debts44€725€410-€78--
Suppliers440/4€725€410-€78--
Taxes, remuneration and social security45€576-€271€995€142▼ 85.7%
Taxes450/3€576-€271€995€142▼ 85.7%
Other amounts payable47/48€16,111€17,314€22,163€21,252€31,255▲ 47.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€2,519€1,673-€1,079€290€1,688▲ 482%
+ Depreciation and write-downs630€4,233-----
Operating cash flow (approximation)€1,714€1,673-€1,079€290€1,688▲ 482%
Change in cash----€62-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
07-07
State Gazette act Resignation: DE SMET Jean Claude (director)
Reappointment: DE SMET Jean Claude (non-statutory director) · Statutes amendment · Capital conversion14 facts ▸
  • General meeting, 22-06-2026
  • Other statement, 07-11-1991
  • Other statement, Brabant Wallon, immatriculation au registre
  • Statutes amendment
  • Capital conversion, compte de capitaux propres statutairement indisponible
  • Reserve release, suppression, fonds disponibles pour distribution
  • Other statement, dispense de lecture et dépôt du rapport article 5:101, greffe du tribunal de l’Entreprise
  • Purpose change
  • Statutes amendment
  • Capital
  • Director resignation, DE SMET Jean Claude (director)
  • Director reappointment, DE SMET Jean Claude (non-statutory director)
  • +2 further facts in this act
2025
31-12
Financial Highest result since 2018net €1,688 ▲482%
Net result €1,688, the highest in the series.
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial Back to profitnet €290
Net result €290 after one loss-making year.
22-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
25-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial Back to profitnet €1,673
Net result €1,673 after one loss-making year.
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
16-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial Back to profitnet €306
Net result €306 after 2 loss-making years.
14-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Show earlier events
2019
31-12
Financial Weakest financial yearnet -€3,283
Net result drops to -€3,283, the lowest in the series; recovery starts the following year.
12-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
22-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read

Directors · office · real estate

Directors
1 director, no change since 2026
DE SMET Jean Claude
Non-statutory director
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2000
seat establishment The establishment unit on the map
Ground area
1,079 m²
Building footprint
176 m²
Volume, LiDAR
982 m³
Parcel 25110S0378/00N006, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Avenue d'Arromanches 20, 1410 Waterloo
NACE 74131
since 20002.055.989.531
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25110S0378/00N006 Wallonia 1,079 m² 1 · 176 m² 8.1 m · 2 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.

Mandate history

1 person since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DE SMET Jean Claude
  • Director, until 07-07-2026
  • Non-statutory director, already before 07-07-2026 to date
See the board, name and seat on a given date →

Articles of association

Who signs
“Article 13. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec la faculté de déléguer partie de ceux-ci. Lorsque la société est administrée par plusieurs administrateurs, chaque administrateur agissant seul…”
Full text

Article 13. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec la faculté de déléguer partie de ceux-ci. Lorsque la société est administrée par plusieurs administrateurs, chaque administrateur agissant seul, peut accomplir tous les actes nécessaires ou utiles à l’accomplissement de l’objet, sous réserve de ceux que la loi et les statuts réservent à l’assemblée générale. Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit en défendant. Il peut déléguer des pouvoirs spéciaux à tout mandataire.

Annual meeting
Purpose
La conception,la production,la réalisation,l'exploitation,la diffusion et la commercialisation de contenus audiovisuels,cinématographiques,télévisuels,radiophoniques,numériques et…
Full purpose (12 activities)
  1. La conception,la production,la réalisation,l'exploitation,la diffusion et la commercialisation de contenus audiovisuels,cinématographiques,télévisuels,radiophoniques,numériques et multimédias,notamment de podcasts,émissions,documentaires,interviews,reportages,formats digitaux et contenus destinés aux plateformes en ligne
  2. L’organisation,la promotion,la production et la gestion d'événements culturels,artistiques,musicaux,sportifs,médiatiques,professionnels et de divertissement
  3. Les activités de communication,marketing,relations publiques,branding,création de contenu,gestion d'image et conseil en stratégie médiatique
  4. La recherche,la négociation et la gestion de partenariats commerciaux,de sponsoring,de publicité et de droits de diffusion
  5. La représentation,le management,l'accompagnement et la promotion d'artistes,créateurs,sportifs,personnalités publiques,influenceurs et talents
  6. La production,l'édition,l'exploitation et la commercialisation d'œuvres musicales,sonores,audiovisuelles et de tous droits intellectuels y afférents
  7. La création,la commercialisation et la distribution de produits dérivés,merchandising,vêtements,accessoires et supports promotionnels
  8. L’exploitation de plateformes digitales,médias,chaînes de diffusion,communautés en ligne et tout support de communication présent ou futur
  9. Toutes activités de conseil,d'intermédiation et de prestation de services dans les domaines du sport,des médias,de la culture,du divertissement,de l'événementiel et de la communication
  10. Les activités d'intermédiation,de représentation,de conseil,d'accompagnement et de gestion de carrière de sportifs professionnels ou amateurs,entraîneurs,arbitres,clubs sportifs,organisations sportives,artistes,créateurs de contenu et personnalités publiques
  11. La négociation et la conclusion de contrats relatifs aux transferts,engagements,partenariats,droits à l'image,sponsoring,licences,prestations de services,collaborations commerciales et opportunités professionnelles
  12. La détection,le développement,le suivi et la valorisation de talents dans les domaines du sport,des médias,de la musique,du divertissement et de la création de contenu
Legal form clause
Société à responsabilité limitée
Registered office clause
Région Wallonne, sièges administratifs,agences,ateliers,dépôts et succursales en Belgique et à l’étranger par simple décision de l’organe d’administration
Other statement
Article 6. Appels de fonds
Nominatifs, nature des autres titres
Partage_ou_délivrance_des_legs, indivisibilité_des_titres
Seul_ou_conjointement_fixé_par_organe, gestion_journalière
Contrôle, un ou plusieurs commissaires
Article 18. Assemblée générale par procédure écrite
Séances-procès-verbaux, tenu au siège consignant décisions assemblée ou actionnaire unique
Délibérations-vote, majorité des voix quel que soit nombre titres représentés
Organe d'administration, prorogation
Pouvoirs assemblée générale, ceux conférés par Code des sociétés et des associations
Répartition-réserves-dividende, organe d'administration
Au siège, communications,sommations,assignations,significations valablement faites
Compétence judiciaire, entre société,actionnaires,gérants,commissaires,liquidateurs relatifs affaires société et exécution statuts
Droit commun
Débiteur-gagiste, droit_préférence_apport_numéraire_actions_nouvelles
Share class
Nominatives, registre des actions nominatives
Board rule
Avec_ou_sans_limitation_durée, organe_d'administration
Frais_représentation_voyages_déplacements_en_plus, rémunération_administrateurs
Dissolution rule
Assemblée générale délibérant formes prévues pour modifications aux statuts
Liquidation rule
Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments
Liquidation distribution
Apurement dettes charges frais ou consignation montants nécessaires, actif net entre actionnaires en proportion actions
Transfer restriction
Moitié_cédant_moitié_acquéreurs_au_prorata_si_plusieurs, organe_d'administration

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Capital and shareholders

Capital over the years
  1. 07-07-2026 Converted to unavailable equity · 18,592.01 EUR

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded07-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0445649078
Also 9925:BE0445649078
Registered 06-11-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.