STARTER
ActiveSTARTER has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-649k) and a net result of €731. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
16
/ 100
Critical▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-40
Solvency38▲+4
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.53 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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 dateAge against the risk zone
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
-60.1%
Return on assets
0.1%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 670 sector peers (2025).
NBB · sector comparisonPosition among 670 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 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
28 d late
2023
28 d late
2022
29 d late
2021
31 d late
2020
118 d late
2019
90 d late
← before the deadline
after the deadline →
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
13-09-2026 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
€731
2024 · €-52k
2018: €-39k
2019: €12k
2020: €-4k
2021: €-7k
2022: €-282k
2023: €-6k
2024: €-52k
2018 → 2025
Working capital
€-203k▲ 30.7%
2024 · €-293k
2018: €-442k
2019: €-419k
2020: €-186k
2021: €-55k
2022: €-343k
2023: €-229k
2024: €-293k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-310k-€-592k▼ 90.8%€-598k▼ 1.0%€-650k▼ 8.7%€-649k▲ 0.1%
Operating result€9k-€-251k€28k€-19k€45k
Net result€-7k-€-282k▼ 3,865%€-6k▲ 97.8%€-52k▼ 756%€731
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €45k after a loss of €19k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€631k▲ 27.4%
Current assets
€450k▲ 33.8%
Key figures and ratios
EBITDA
€99k▲
2024 · €26k
Cash flow
€54k▲
2024 · €-7k
Solvency
-60.1%▲
2024 · -78.2%
Current ratio
0.69▲
2024 · 0.53
Quick ratio
0.68▲
2024 · 0.53
Debt / equity
-2.66▼
2024 · -2.28
ROE
-0.1%▼
2024 · 8.0%
ROA
0.1%▲
2024 · -6.3%
Interest coverage
1.60▲
2024 · 0.78
Debt
€1.73M▲
2024 · €1.48M
Debt ≤ 1 year
€652k▲
2024 · €629k
Debt > 1 year
€603k▲
2024 · €473k
Income taxes
€26▼
2024 · €161
Staff costs
€893k▲
2024 · €697k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€831k€1.08M▲
Fixed assets21/28€495k€631k▲
Intangible fixed assets21-€13k
Tangible fixed assets22/27€480k€603k▲
Plant, machinery and equipment23€20k€16k▼
Furniture and vehicles24€48k€35k▼
Leasing and similar rights25€4k€15k▲
Other tangible fixed assets26€153k€536k▲
Assets under construction and advance payments27€256k€0▼
Financial fixed assets28€15k€15k=
Current assets29/58€336k€450k▲
Stocks and contracts in progress3€5k€3k▼
Stocks30/36€5k€3k▼
Amounts receivable within one year40/41€222k€263k▲
Trade receivables40€213k€253k▲
Other amounts receivable41€9k€10k▲
Cash at bank and in hand54/58€98k€175k▲
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€831k€1.08M▲
Equity10/15€-650k€-649k▲
Contributions10/11€19k€19k=
Reserves13€55k€55k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€-723k€-722k▲
Amounts payable17/49€1.48M€1.73M▲
Amounts payable after more than one year17€473k€603k▲
Financial debts170/4€473k€603k▲
Amounts payable within one year42/48€629k€652k▲
Current portion of amounts payable after more than one year42€19k€33k▲
Financial debts43€62k€85k▲
Credit institutions430/8€62k€85k▲
Trade debts44€300k€238k▼
Suppliers440/4€300k€238k▼
Taxes, remuneration and social security45€132k€180k▲
Taxes450/3€17k€18k▲
Remuneration and social security454/9€115k€161k▲
Other amounts payable47/48€115k€117k▲
Accrued charges and deferred income492/3€380k€474k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€846▼
Remuneration, social security and pensions62€697k€893k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€54k▲
Other operating charges640/8€9k€0▼
Non-recurring operating charges66A-€53
Gross operating margin9900€731k€991k▲
Operating profit (loss)9901€-19k€45k▲
Financial income75/76B€475€17k▲
Recurring financial income75€475€17k▲
Financial charges65/66B€33k€62k▲
Recurring financial charges65€33k€62k▲
Profit (loss) for the period before taxes9903€-52k€757▲
Income taxes67/77€161€26▼
Profit (loss) for the period9904€-52k€731▲
Profit (loss) for the period to be appropriated9905€-52k€731▲
Appropriation of the result
Profit (loss) to be appropriated9906€-723k€-722k▲
Profit (loss) brought forward from the previous period14P€-671k€-723k▼
Social balance
Average headcount (FTE)908718.119.9▲
The notes to these accounts (25 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
Back to profitnet €731
Net result €731 after 5 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-282k
Net result drops to €-282k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 118 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2022
This board is reconstructed from a single act (22388137). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
BARATTUCCI David
CurrentDirector · since 19-12-2022
BARATTUCCI Emmanuel
CurrentDirector · since 19-12-2022
BARATTUCCI Nicola
CurrentDirector · since 19-12-2022
d’ELETTO Concetta
CurrentDirector · since 19-12-2022
19-12-2022
BARATTUCCI David: Appointed as Director
19-12-2022
BARATTUCCI David: Appointed as Managing director
19-12-2022
BARATTUCCI Emmanuel: Appointed as Director
19-12-2022
BARATTUCCI Emmanuel: Appointed as Managing director
19-12-2022
BARATTUCCI Nicola: Appointed as Director
19-12-2022
BARATTUCCI Nicola: Appointed as Chair
19-12-2022
BARATTUCCI Nicola: Appointed as Managing director
19-12-2022
d’ELETTO Concetta: Appointed as Director
19-12-2022
d’ELETTO Concetta: Appointed as Managing director
Location & real-estate footprint
Registered office, Châtelet · 11 establishment units since 1989
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.
Rue de Gilly 796200 ChâteletGround area
2,957 m²
Building footprint
1,314 m²
Volume, LiDAR
19,274 m³
11 parcels, Wallonia · tallest building 25.3 m, ±7 floors. Linked by address, not a title deed.
11 establishment units
Starter
since 19892.041.929.974
Starter
since 20082.190.119.151
Starter
since 20082.190.119.547
Starter
since 20082.190.119.646
Starter
since 20082.190.119.745
Starter
since 20142.227.291.432
Show 5 more locations
Starter
since 20142.227.291.729
Starter
since 20142.227.292.125
Starter
since 20142.227.292.224
STARTER
since 20152.251.605.471
STARTER
since 20172.268.946.497
11 parcels
Wallonia
11
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1282/00X000 | Wallonia | 846 m² | 1 · 330 m² | 21.7 m · 7 fl. |
| 56011B0094/00K000 | Wallonia | 754 m² | 1 · 401 m² | 23.8 m · 7 fl. |
| 52342A0562/00F002 | Wallonia | 594 m² | 1 · 68 m² | 13.5 m · 4 fl. |
| 52011B0239/00R178 | Wallonia | 176 m² | 1 · 78 m² | 25.3 m · 5 fl. |
| 52502C0237/00P007 | Wallonia | 172 m² | 1 · 87 m² | 11.3 m · 3 fl. |
| 52363E0040/00Y023 | Wallonia | 107 m² | 1 · 61 m² | 11.1 m · 3 fl. |
| 92007E0405/00L005 | Wallonia | 73 m² | 1 · 100 m² | 11.0 m · 3 fl. |
| 93014F0679/00B000 | Wallonia | 72 m² | 1 · 73 m² | - |
| 56078E0233/00N000 | Wallonia | 66 m² | 1 · 47 m² | 9.8 m · 2 fl. |
| 92302G0286/00V002 | Wallonia | 65 m² | 1 · 39 m² | - |
| 52049C0150/00W002 | Wallonia | 31 m² | 1 · 30 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 10
11 of 11 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,034 companies in sector 85531 we hold annual accounts for 345. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-1989
Fiscal year end31-12
Activities, NACEBEL
85531Driving schools for cars and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:administration@nicoholding.be
Phone:071/54.99.92