Startups.be
ActiveSummary
Startups.be has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€661,146) and a net result of -€2,134. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability30▼-16
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.1 in 2023; short-term debt: 999% and cash: 97.9% of total assets), and equity is negative.
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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 →
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 2024Solvency, return and age of the figures
Solvency
-901.7%
Return on assets
-2.9%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€661,146
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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
not confirmed
2024
7 d late
2023
167 d late
2022
533 d late
2021
19 d early
2020
53 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 133 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€661,146▼ 0.3%
2023 · -€659,012
Total assets
€73,323▼ 0.1%
2023 · €73,432
Net result
-€2,134
2023 · €2,565
Working capital
-€659,146▼ 0.2%
2023 · -€658,012
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
Line20202021202220232024
Operating result-€217,446▲ 38.0%€24,760€1,027▼ 95.9%€2,994▲ 191%-€2,033
Net result-€219,268below the sector's middle half▲ 39.1%€24,765within the sector's middle half€801below the sector's middle half▼ 96.8%€2,565within the sector's middle half▲ 220%-€2,134below the sector's middle half
Equity-€687,143below the sector's middle half▼ 46.9%-€662,378below the sector's middle half▲ 3.6%-€661,577below the sector's middle half▲ 0.1%-€659,012below the sector's middle half▲ 0.4%-€661,146below the sector's middle half▼ 0.3%
Total assets€63,322below the sector's middle half▼ 81.5%€78,590below the sector's middle half▲ 24.1%€76,159below the sector's middle half▼ 3.1%€73,432below the sector's middle half▼ 3.6%€73,323below the sector's middle half▼ 0.1%
Debt€750,465▼ 7.4%€740,968▼ 1.3%€737,735▼ 0.4%€732,444▼ 0.7%€734,470▲ 0.3%
Working capital-€662,606below the sector's middle half▼ 39.4%-€661,378below the sector's middle half▲ 0.2%-€660,577below the sector's middle half▲ 0.1%-€658,012below the sector's middle half▲ 0.4%-€659,146below the sector's middle half▼ 0.2%
Solvency-842.8%below the sector's middle half-868.7%below the sector's middle half▼ 25.9pp-897.5%below the sector's middle half▼ 28.8pp-901.7%below the sector's middle half▼ 4.2pp
Current ratio0.08below the sector's middle half▼ 0.330.11below the sector's middle half▲ 0.020.10below the sector's middle half=0.10below the sector's middle half=0.10below the sector's middle half=
Return on assets (ROA)-346.3%below the sector's middle half▼ 241.2pp31.5%above the sector's middle half▲ 377.8pp1.1%below the sector's middle half▼ 30.5pp3.5%within the sector's middle half▲ 2.4pp-2.9%below the sector's middle half▼ 6.4pp
Staff (FTE)1.3within the sector's middle half▼ 53.6%0.6below the sector's middle half▼ 53.8%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,033 after €2,994 in 2023.
Key figures and ratios
Debt to equity
-1.11=
2023 · -1.11
Debt ≤ 1 year
€732,470▲
2023 · €731,444
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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%.
| 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 2,338 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €2,033 | - |
| Remuneration, social security and pensions62 | - | €26,386 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,416 | €876 | - | - | - | - |
| Other operating charges640/8 | - | €628 | €216 | - | - | - |
| Gross operating margin9900 | -€135,084 | €52,649 | €1,243 | €2,994 | -€2,033 | ▼ 168% |
| Operating profit (loss)9901 | -€217,446 | €24,760 | €1,027 | €2,994 | -€2,033 | ▼ 168% |
| Financial income75/76B | - | €242 | - | - | - | - |
| Recurring financial income75 | €109 | €242 | - | - | - | - |
| Financial charges65/66B | - | €238 | €226 | €430 | €101 | ▼ 76.4% |
| Recurring financial charges65 | €1,931 | €238 | €226 | €430 | €101 | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | -€219,268 | €24,765 | €801 | €2,565 | -€2,134 | ▼ 183% |
| Profit (loss) for the period9904 | -€219,268 | €24,765 | €801 | €2,565 | -€2,134 | ▼ 183% |
| Profit (loss) for the period to be appropriated9905 | -€219,268 | €24,765 | €801 | €2,565 | -€2,134 | ▼ 183% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,322 | €78,590 | €76,159 | €73,432 | €73,323 | ▼ 0.1% |
| Fixed assets21/28 | €3,376 | - | - | - | - | - |
| Intangible fixed assets21 | €876 | - | €0 | - | - | - |
| Financial fixed assets28 | €2,500 | - | - | - | - | - |
| Current assets29/58 | €59,946 | €78,590 | €76,159 | €73,432 | €73,323 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €34,322 | €43,629 | €2,152 | €199 | €100 | ▼ 50.0% |
| Trade receivables40 | - | €2,988 | €2,053 | - | - | - |
| Other amounts receivable41 | - | €40,641 | €98 | €199 | €100 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €22,732 | €34,541 | €73,587 | €72,808 | €71,784 | ▼ 1.4% |
| Deferred charges and accrued income490/1 | - | €420 | €420 | €424 | €1,440 | ▲ 240% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,322 | €78,590 | €76,159 | €73,432 | €73,323 | ▼ 0.1% |
| Equity10/15 | -€687,143 | -€662,378 | -€661,577 | -€659,012 | -€661,146 | ▼ 0.3% |
| Profit (loss) carried forward14 | -€687,143 | -€662,378 | -€661,577 | -€659,012 | -€661,146 | ▼ 0.3% |
| Amounts payable17/49 | €750,465 | €740,968 | €737,735 | €732,444 | €734,470 | ▲ 0.3% |
| Amounts payable within one year42/48 | €722,552 | €739,968 | €736,735 | €731,444 | €732,470 | ▲ 0.1% |
| Trade debts44 | €51,373 | €5,207 | €5,207 | - | €363 | - |
| Suppliers440/4 | - | €5,207 | €5,207 | - | €363 | - |
| Taxes, remuneration and social security45 | - | - | - | €101 | - | - |
| Taxes450/3 | - | - | - | €101 | - | - |
| Accrued charges and deferred income492/3 | - | €1,000 | €1,000 | €1,000 | €2,000 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€219,268 | €24,765 | €801 | €2,565 | -€2,134 | ▼ 183% |
| + Depreciation and write-downs630 | €9,416 | €876 | - | - | - | - |
| Operating cash flow (approximation) | -€209,851 | €25,641 | €801 | €2,565 | -€2,134 | ▼ 183% |
| Change in cash | - | €11,809 | €39,046 | -€779 | -€1,025 | ▼ 31.6% |
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
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 167 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 533 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €24,765
Net result €24,765 after 2 loss-making years.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet -€360,283
Net result drops to -€360,283, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 63 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 73 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Sint-Katelijne-Waver
Ground area
919 m²
Building footprint
121 m²
Parcel 12035E0322/02K000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035E0322/02K000 | Flanders | 919 m² | 1 · 121 m² | - |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 350,000 EUR awarded · 350,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 350,000 EUR | 350,000 EUR |
European research
3 projects · 1 as coordinator · 350,143 EUR EU contributionProgrammes
Projects
Engaging European Start-ups and Young SMEs for Action for Sustainable Energy
Boosting the growth potential of CEE start-ups on a pan-Europen level by creating new opportunities, synergies and opening the GATE of Startup Europe to the Balkans
LearnIng from Failure in a collaborative Entrepreneurship network
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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 52,629. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded14-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0523899176
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.