Startelia
ActiveSummary
Startelia has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €47k. Equity is growing by ~63.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-23
Solvency59▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.9 in 2024; short-term debt: 17.8% and cash: 12.3% of total assets), and 66.2% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
6.8%
Age of the figures
9 mo
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
19 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
31 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€232k▲ 15.4%
2024 · €201k
2020: €25klowest in 6 years
2021: €32k▲ +30.7% vs 2020
2022: €36k▲ +10.0% vs 2021
2023: €85k▲ +140% vs 2022
2024: €201k▲ +136% vs 2023
2025: €232k▲ +15.4% vs 2024highest in 6 years
2020 → 2025
Total assets
€687k▲ 67.1%
2024 · €411k
2020: €38klowest in 6 years
2021: €50k▲ +29.7% vs 2020
2022: €47k▼ -6.3% vs 2021
2023: €264k▲ +465% vs 2022
2024: €411k▲ +55.6% vs 2023
2025: €687k▲ +67.1% vs 2024highest in 6 years
2020 → 2025
Net result
€47k▼ 64.6%
2024 · €132k
2020: €21k
2021: €8k▼ -64.2% vs 2020
2022: €3k▼ -57.3% vs 2021lowest in 6 years
2023: €50k▲ +1431% vs 2022
2024: €132k▲ +165% vs 2023highest in 6 years
2025: €47k▼ -64.6% vs 2024
2020 → 2025
Working capital
€39k▼ 37.2%
2024 · €62k
2020: €25klowest in 6 years
2021: €32k▲ +30.7% vs 2020
2022: €36k▲ +11.5% vs 2021
2023: €54k▲ +50.6% vs 2022
2024: €62k▲ +15.2% vs 2023highest in 6 years
2025: €39k▼ -37.2% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€36k▲ 10.0%€85k▲ 140%€201k▲ 136%€232k▲ 15.4%
2021: €32klowest in 5 years
2022: €36k▲ +10.0% vs 2021
2023: €85k▲ +140% vs 2022
2024: €201k▲ +136% vs 2023
2025: €232k▲ +15.4% vs 2024highest in 5 years
Operating result€11k-€6k▼ 42.4%€65k▲ 932%€172k▲ 166%€95k▼ 44.7%
2021: €11k
2022: €6k▼ -42.4% vs 2021lowest in 5 years
2023: €65k▲ +932% vs 2022
2024: €172k▲ +166% vs 2023highest in 5 years
2025: €95k▼ -44.7% vs 2024
Net result€8k-€3k▼ 57.3%€50k▲ 1,431%€132k▲ 165%€47k▼ 64.6%
2021: €8k
2022: €3k▼ -57.3% vs 2021lowest in 5 years
2023: €50k▲ +1431% vs 2022
2024: €132k▲ +165% vs 2023highest in 5 years
2025: €47k▼ -64.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €687k
Fixed assets
€525k ▲ 88.4%
Current assets
€161k ▲ 22.1%
Equity and liabilities €687k
Equity
€232k ▲ 15.4%
Debt
€454k ▲ 117%
Debt's share of the balance-sheet total rises from 51.1% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114k▼
2024 · €189k
Cash flow
€66k▼
2024 · €149k
Current ratio
1.32▼
2024 · 1.90
Debt to equity
1.96▲
2024 · 1.04
ROE
20.1%▼
2024 · 65.4%
ROA
6.8%▼
2024 · 32.0%
Interest coverage
13.53▼
2024 · 23.03
Debt ≤ 1 year
€122k▲
2024 · €70k
Debt > 1 year
€332k▲
2024 · €140k
Income taxes
€40k▲
2024 · €32k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€411k€687k▲
Fixed assets21/28€279k€525k▲
Tangible fixed assets22/27€279k€525k▲
Land and buildings22€279k€525k▲
Current assets29/58€132k€161k▲
Amounts receivable within one year40/41€34k€54k▲
Trade receivables40€34k€54k▲
Current investments50/53-€23k
Cash at bank and in hand54/58€98k€84k▼
Equity and liabilities
Total equity and liabilities10/49€411k€687k▲
Equity10/15€201k€232k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€198k€229k▲
Amounts payable17/49€210k€454k▲
Amounts payable after more than one year17€140k€332k▲
Financial debts170/4€140k€332k▲
Amounts payable within one year42/48€70k€122k▲
Current portion of amounts payable after more than one year42€2k€10k▲
Trade debts44€1k€19k▲
Suppliers440/4€1k€19k▲
Taxes, remuneration and social security45€50k€76k▲
Taxes450/3€50k€76k▲
Other amounts payable47/48€16k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€191k€117k▼
Operating profit (loss)9901€172k€95k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€164k€86k▼
Income taxes67/77€32k€40k▲
Profit (loss) for the period9904€132k€47k▼
Profit (loss) for the period to be appropriated9905€132k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€213k€244k▲
Profit (loss) brought forward from the previous period14P€82k€198k▲
Profit to be distributed694/7€16k€16k=
Return on contributions (dividend)694€16k€16k=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5k | €18k | €19k | ▲ 7.0% |
| Other operating charges640/8 | €997 | €392 | €1k | €2k | €3k | ▲ 53.8% |
| Gross operating margin9900 | €12k | €7k | €71k | €191k | €117k | ▼ 39.1% |
| Operating profit (loss)9901 | €11k | €6k | €65k | €172k | €95k | ▼ 44.7% |
| Financial income75/76B | €3 | €396 | - | - | €2 | - |
| Recurring financial income75 | €3 | €396 | - | - | €2 | - |
| Financial charges65/66B | €365 | €506 | €243 | €8k | €8k | ▲ 2.3% |
| Recurring financial charges65 | €365 | €506 | €243 | €8k | €8k | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €11k | €6k | €64k | €164k | €86k | ▼ 47.1% |
| Income taxes67/77 | €3k | €3k | €15k | €32k | €40k | ▲ 24.6% |
| Profit (loss) for the period9904 | €8k | €3k | €50k | €132k | €47k | ▼ 64.6% |
| Profit (loss) for the period to be appropriated9905 | €8k | €3k | €50k | €132k | €47k | ▼ 64.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €47k | €264k | €411k | €687k | ▲ 67.1% |
| Fixed assets21/28 | - | - | €173k | €279k | €525k | ▲ 88.4% |
| Tangible fixed assets22/27 | - | - | €173k | €279k | €525k | ▲ 88.4% |
| Land and buildings22 | - | - | €173k | €279k | €525k | ▲ 88.4% |
| Current assets29/58 | €50k | €47k | €91k | €132k | €161k | ▲ 22.1% |
| Amounts receivable within one year40/41 | €14k | €11k | €36k | €34k | €54k | ▲ 58.0% |
| Trade receivables40 | €14k | €11k | €36k | €34k | €54k | ▲ 58.0% |
| Current investments50/53 | - | - | - | - | €23k | - |
| Cash at bank and in hand54/58 | €36k | €35k | €56k | €98k | €84k | ▼ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €47k | €264k | €411k | €687k | ▲ 67.1% |
| Equity10/15 | €32k | €36k | €85k | €201k | €232k | ▲ 15.4% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Capital10 | €4k | €4k | - | - | - | - |
| Issued capital100 | €4k | €4k | - | - | - | - |
| Profit (loss) carried forward14 | €29k | €32k | €82k | €198k | €229k | ▲ 15.7% |
| Amounts payable17/49 | €18k | €11k | €179k | €210k | €454k | ▲ 117% |
| Amounts payable after more than one year17 | - | - | €140k | €140k | €332k | ▲ 137% |
| Financial debts170/4 | - | - | €140k | €140k | €332k | ▲ 137% |
| Amounts payable within one year42/48 | €18k | €11k | €37k | €70k | €122k | ▲ 75.3% |
| Current portion of amounts payable after more than one year42 | - | - | €2k | €2k | €10k | ▲ 354% |
| Trade debts44 | €347 | €553 | €11k | €1k | €19k | ▲ 1,237% |
| Suppliers440/4 | €347 | €553 | €11k | €1k | €19k | ▲ 1,237% |
| Taxes, remuneration and social security45 | €15k | €10k | €24k | €50k | €76k | ▲ 50.5% |
| Taxes450/3 | €15k | €10k | €24k | €50k | €76k | ▲ 50.5% |
| Other amounts payable47/48 | €2k | - | €14 | €16k | €17k | ▲ 7.2% |
| Accrued charges and deferred income492/3 | - | €458 | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €3k | €50k | €132k | €47k | ▼ 64.6% |
| + Depreciation and write-downs630 | - | - | €5k | €18k | €19k | ▲ 7.0% |
| Operating cash flow (approximation) | €8k | €3k | €55k | €149k | €66k | ▼ 56.1% |
| Investment in fixed assets (approximation) | - | - | - | €-124k | €-265k | ▼ 114% |
| Change in cash | - | €-576 | €20k | €42k | €-14k | ▼ 133% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2020net €132k ▲165%
Operating result €172k, net result €132k, both a record.
31-12
Financial
Equity above €200kEq €201k ▲136%
5 profitable years in a row build equity to €201k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €3k ▼57.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Brussel · 1 establishment unit since 2020
Ground area
764 m²
Building footprint
555 m²
Volume, LiDAR
11,099 m³
2 parcels, Brussels, Flanders · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
466
companies at this address
See who is registered here
1 establishment unit
Startelia
since 20202.296.536.465
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 23762D1107/00L000 | Flanders | 93 m² | 1 · 66 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400GZKDHKATIBR727
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,365 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
Founded04-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.