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STARTUP FACTORY

Active
Public limited companyfounded 201510 yrs activeKantersteen 10/12, 1000 Brussel, BelgiumKBO/BCE: BE 0640.934.131
Summary

The annual accounts of STARTUP FACTORY for fiscal year 2025 show a net loss of 62% of total assets and of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €83,923 and a net result of -€274,687. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 10522 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
STARTUP FACTORYActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€439,606total assets 2025
Equity
€83,923
Loss
-€274,687
Net result -334%: other schema
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Holdings
12
Accounts 18 d early0 of 5 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €274,687, the second in a row (FY 2025)+ Size: total assets €439,606+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 12% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 44-32
equity 19.1% of total assets
Liquidity 30+3
short-term debt 65.8% · cash 12.0%
Profitability 0-8
return on assets -62.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,788 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -0.5% vs 12-2024 02-2025: 0.4%▼ -1.1% vs 01-2025 03-2025: 0.4%▼ -1.4% vs 02-2025 04-2025: 0.4%▲ +6.8% vs 03-2025 05-2025: 0.3%▼ -8.2% vs 04-2025 06-2025: 0.4%▲ +13.2% vs 05-2025 07-2025: 0.4%▲ +10.9% vs 06-2025 08-2025: 0.6%▲ +43.9% vs 07-2025highest value 09-2025: 0.4%▼ -37.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%▼ -2.0% vs 11-2025 01-2026: 0.4%▲ +0.3% vs 12-2025 02-2026: 0.4%● 0.0% vs 01-2026 03-2026: 0.4%▲ +0.5% vs 02-2026 04-2026: 0.4%▲ +9.7% vs 03-2026 05-2026: 0.4%▼ -1.4% vs 04-2026 06-2026: 0.4%▲ +0.2% vs 05-2026 07-2026: 0.5%▲ +12.0% vs 06-2026 08-2026: 0.3%▼ -30.5% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%▼ -3.0% vs 09-2026lowest value
  • Loss of €274,687, the second in a row (FY 2025) raises the probability
  • Size: total assets €439,606 lowers the probability for this profile
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €4,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.75 against 0.37 in 2024; short-term debt: 65.8% and cash: 12% of total assets), and 80.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 23%, liquidity 13%, profitability 4%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €274,687, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €439,606
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€274,687
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10522 sector peers (2025).
NBB · sector comparison
Position among 10522 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
29 d late
2023
6 d late
2022
51 d late
2021
73 d late
2020
5 d late
2019
94 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 34 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. Usually files around 29 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Caution: Result fell in 2025different schema filed ▼ 334% View
  • Caution: Among the weakest 5% on net resultsector median €37,855 · 10,520 companies -€274,687 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€274,687 View
  • Heads a groupcompanies controlled 3 View

By topic

Financials

Fiscal year
2025
Total assets
€439,606
Loss
-€274,687
Solvency
19.1%
Total assets▼ 38.0%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 13-07-2026Annual accounts filed
  2. 29-08-2025Annual accounts filed
  3. 06-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
14-10-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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