STARTGOED
ActiveSummary
The computed 12-month bankruptcy probability of STARTGOED is 1.6% (moderate). The 2025 annual accounts show equity of €35,597 and a net result of -€2,441. Equity is growing by ~11.5% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+4
Solvency40▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.16 in 2024; short-term debt: 85% and cash: 0.9% of total assets), and 85% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
15%
Return on assets
-1%
Age of the figures
15 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2,441
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
40 d early
2024
50 d early
2023
41 d early
2022
25 d early
2021
on the day
2020
23 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€35,597▼ 6.4%
2024 · €38,038
Total assets
€237,290▼ 11.8%
2024 · €269,019
Net result
-€2,441▲ 66.2%
2024 · -€7,221
Working capital
€35,597▼ 6.4%
2024 · €38,038
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,954€41,586▲ 740%-€1,648-€3,196▼ 93.9%-€1,851▲ 42.1%
Net result€1,870€29,660▲ 1,486%-€1,458-€7,221▼ 395%-€2,441▲ 66.2%
Equity€17,056▲ 12.3%€46,717▲ 174%€45,259▼ 3.1%€38,038▼ 16.0%€35,597▼ 6.4%
Total assets€246,047▲ 84.6%€309,314▲ 25.7%€288,703▼ 6.7%€269,019▼ 6.8%€237,290▼ 11.8%
Debt€228,990▲ 94.0%€262,598▲ 14.7%€243,444▼ 7.3%€230,981▼ 5.1%€201,693▼ 12.7%
Working capital€20,056▲ 32.1%€178,717▲ 791%€45,805▼ 74.4%€38,038▼ 17.0%€35,597▼ 6.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,851 in 2025 against €3,196 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €237,290
Equity
€35,597 ▼ 6.4%
Debt
€201,693 ▼ 12.7%
Debt's share of the balance-sheet total falls from 85.9% to 85.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.18▲
2024 · 1.16
Quick ratio
0.02▼
2024 · 0.16
Debt to equity
5.67▼
2024 · 6.07
ROE
-6.9%▲
2024 · -19.0%
ROA
-1.0%▲
2024 · -2.7%
Debt ≤ 1 year
€201,693▼
2024 · €230,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,550 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 1,550 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €840 | €479 | €595 | €603 | ▲ 1.3% |
| Gross operating margin9900 | €5,420 | €42,426 | -€1,169 | -€2,600 | -€1,249 | ▲ 52.0% |
| Operating profit (loss)9901 | €4,954 | €41,586 | -€1,648 | -€3,196 | -€1,851 | ▲ 42.1% |
| Financial income75/76B | - | €81 | €74 | €25 | €9 | ▼ 65.9% |
| Recurring financial income75 | €1 | €81 | €74 | €25 | €9 | ▼ 65.9% |
| Financial charges65/66B | - | €3,917 | €219 | €4,051 | €598 | ▼ 85.2% |
| Recurring financial charges65 | €3,085 | €3,917 | €219 | €4,051 | €598 | ▼ 85.2% |
| Profit (loss) for the period before taxes9903 | €1,870 | €37,750 | -€1,793 | -€7,221 | -€2,441 | ▲ 66.2% |
| Income taxes67/77 | - | €8,090 | -€335 | - | - | - |
| Profit (loss) for the period9904 | €1,870 | €29,660 | -€1,458 | -€7,221 | -€2,441 | ▲ 66.2% |
| Profit (loss) for the period to be appropriated9905 | €1,870 | €29,660 | -€1,458 | -€7,221 | -€2,441 | ▲ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €246,047 | €309,314 | €288,703 | €269,019 | €237,290 | ▼ 11.8% |
| Current assets29/58 | €246,047 | €309,314 | €288,703 | €269,019 | €237,290 | ▼ 11.8% |
| Stocks and contracts in progress3 | €227,419 | €220,903 | €226,264 | €232,184 | €232,357 | ▲ 0.1% |
| Stocks30/36 | - | €220,903 | €226,264 | €232,184 | €232,357 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €8,005 | €29,732 | €12,022 | €2,827 | €2,776 | ▼ 1.8% |
| Trade receivables40 | - | €11,082 | - | - | €210 | - |
| Other amounts receivable41 | - | €18,650 | €12,022 | €2,827 | €2,566 | ▼ 9.2% |
| Cash at bank and in hand54/58 | €10,623 | €58,680 | €50,417 | €34,008 | €2,157 | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €246,047 | €309,314 | €288,703 | €269,019 | €237,290 | ▼ 11.8% |
| Equity10/15 | €17,056 | €46,717 | €45,259 | €38,038 | €35,597 | ▼ 6.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€1,544 | €28,117 | €26,659 | €19,438 | €16,997 | ▼ 12.6% |
| Amounts payable17/49 | €228,990 | €262,598 | €243,444 | €230,981 | €201,693 | ▼ 12.7% |
| Amounts payable after more than one year17 | - | €132,000 | - | - | - | - |
| Financial debts170/4 | - | €132,000 | - | - | - | - |
| Amounts payable within one year42/48 | €225,991 | €130,598 | €242,898 | €230,981 | €201,693 | ▼ 12.7% |
| Current portion of amounts payable after more than one year42 | - | - | €132,000 | - | - | - |
| Trade debts44 | €18,558 | €4,881 | €605 | €738 | €935 | ▲ 26.6% |
| Suppliers440/4 | - | €4,881 | €605 | €738 | €935 | ▲ 26.6% |
| Taxes, remuneration and social security45 | - | €8,090 | €7,755 | - | - | - |
| Taxes450/3 | - | €8,090 | €7,755 | - | - | - |
| Other amounts payable47/48 | - | €117,626 | €102,538 | €230,243 | €200,758 | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | - | €546 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,870 | €29,660 | -€1,458 | -€7,221 | -€2,441 | ▲ 66.2% |
| Operating cash flow (approximation) | €1,870 | €29,660 | -€1,458 | -€7,221 | -€2,441 | ▲ 66.2% |
| Change in cash | - | €48,056 | -€8,263 | -€16,409 | -€31,852 | ▼ 94.1% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€7,221
Net result drops to -€7,221, the lowest in the series; recovery starts the following year.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €29,660 ▲1,486%
Operating result €41,586, net result €29,660, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.09 to 2.37; short-term debt falls from €225,991 to €130,598.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €1,870
Net result €1,870 after 2 loss-making years.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Ninove · 1 establishment unit since 2018
Ground area
1,823 m²
Building footprint
109 m²
Volume, LiDAR
616 m³
Parcel 41003B1172/00G000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STARTGOED
since 20182.276.867.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41003B1172/00G000 | Flanders | 1,823 m² | 1 · 109 m² | 8.7 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded21-03-2018
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692741633
Also
9925:BE0692741633
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.