STARTVENTURE
ActiveSummary
STARTVENTURE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €21k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-33
Solvency58▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.36 against 2.01 in 2024; short-term debt: 30.6% and cash: 3.8% of total assets), and 66.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
33.4%
Return on assets
5.1%
Age of the figures
9 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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
22 d early
2023
6 d early
2022
3 d early
2021
32 d early
2020
45 d early
2019
9 d early
← 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
History
Financials · fiscal year 2025, abbreviated schema
Equity
€134k▼ 22.9%
2024 · €174k
Total assets
€402k▲ 8.6%
2024 · €370k
Net result
€21k▼ 55.9%
2024 · €47k
Working capital
€-79k
2024 · €33k
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€77k€81k▲ 5.1%€70k▼ 14.1%€70k▲ 0.7%€48k▼ 32.3%
Net result€65k€65k=€54k▼ 16.8%€47k▼ 13.5%€21k▼ 55.9%
Equity€73k▲ 39.1%€97k▲ 33.0%€127k▲ 31.5%€174k▲ 36.7%€134k▼ 22.9%
Total assets€129k▲ 89.3%€207k▲ 60.4%€272k▲ 30.9%€370k▲ 36.1%€402k▲ 8.6%
Debt€56k▲ 254%€111k▲ 95.8%€144k▲ 30.5%€196k▲ 35.6%€267k▲ 36.7%
Working capital€53k▲ 20.8%€28k▼ 47.6%€34k▲ 24.7%€33k▼ 4.4%€-79k
Staff (FTE)00
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 falls in 2025; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402k
Fixed assets
€358k ▲ 17.5%
Current assets
€44k ▼ 32.7%
Equity and liabilities €402k
Equity
€134k ▼ 22.9%
Debt
€267k ▲ 36.7%
Debt's share of the balance-sheet total rises from 52.9% to 66.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57k▼
2024 · €77k
Cash flow
€30k▼
2024 · €54k
Current ratio
0.36▼
2024 · 2.01
Debt to equity
1.99▲
2024 · 1.12
ROE
15.3%▼
2024 · 26.8%
ROA
5.1%▼
2024 · 12.6%
Interest coverage
3.28▼
2024 · 7.17
Debt ≤ 1 year
€123k▲
2024 · €32k
Debt > 1 year
€142k▼
2024 · €163k
Income taxes
€12k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €715 | €226 | €2k | €7k | €9k | ▲ 31.0% |
| Other operating charges640/8 | €348 | €744 | €747 | €776 | €768 | ▼ 1.1% |
| Non-recurring operating charges66A | - | €5k | - | - | - | - |
| Gross operating margin9900 | €78k | €87k | €73k | €78k | €58k | ▼ 26.3% |
| Operating profit (loss)9901 | €77k | €81k | €70k | €70k | €48k | ▼ 32.3% |
| Financial income75/76B | €119 | €557 | - | €355 | €2k | ▲ 580% |
| Recurring financial income75 | €119 | €557 | - | €355 | €2k | ▲ 580% |
| Financial charges65/66B | €169 | €611 | €2k | €11k | €17k | ▲ 60.9% |
| Recurring financial charges65 | €169 | €611 | €2k | €11k | €17k | ▲ 60.9% |
| Profit (loss) for the period before taxes9903 | €77k | €81k | €68k | €60k | €33k | ▼ 45.5% |
| Income taxes67/77 | €12k | €16k | €14k | €13k | €12k | ▼ 8.5% |
| Profit (loss) for the period9904 | €65k | €65k | €54k | €47k | €21k | ▼ 55.9% |
| Profit (loss) for the period to be appropriated9905 | €65k | €65k | €54k | €47k | €21k | ▼ 55.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129k | €207k | €272k | €370k | €402k | ▲ 8.6% |
| Fixed assets21/28 | €20k | €104k | €192k | €304k | €358k | ▲ 17.5% |
| Tangible fixed assets22/27 | €307 | €84k | €172k | €277k | €330k | ▲ 19.3% |
| Land and buildings22 | - | €83k | €167k | €272k | €322k | ▲ 18.5% |
| Plant, machinery and equipment23 | €307 | €208 | €6k | €5k | €5k | ▼ 11.3% |
| Furniture and vehicles24 | - | - | - | - | €4k | - |
| Financial fixed assets28 | €20k | €20k | €20k | €27k | €27k | = |
| Current assets29/58 | €109k | €104k | €79k | €65k | €44k | ▼ 32.7% |
| Amounts receivable within one year40/41 | €48k | €64k | €45k | €44k | €27k | ▼ 39.3% |
| Trade receivables40 | €45k | €48k | €15k | €17k | €17k | = |
| Other amounts receivable41 | €3k | €16k | €30k | €27k | €10k | ▼ 63.8% |
| Current investments50/53 | - | €12k | - | - | - | - |
| Cash at bank and in hand54/58 | €61k | €28k | €34k | €21k | €15k | ▼ 27.7% |
| Deferred charges and accrued income490/1 | €5 | - | €83 | €248 | €2k | ▲ 710% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129k | €207k | €272k | €370k | €402k | ▲ 8.6% |
| Equity10/15 | €73k | €97k | €127k | €174k | €134k | ▼ 22.9% |
| Contributions10/11 | €12k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €60k | €60k | €60k | €60k | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €59k | €59k | €59k | €60k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €18k | €48k | €95k | €116k | ▲ 21.7% |
| Amounts payable17/49 | €56k | €111k | €144k | €196k | €267k | ▲ 36.7% |
| Amounts payable after more than one year17 | - | €34k | €99k | €163k | €142k | ▼ 13.0% |
| Financial debts170/4 | - | €34k | €99k | €163k | €142k | ▼ 13.0% |
| Amounts payable within one year42/48 | €56k | €76k | €45k | €32k | €123k | ▲ 278% |
| Current portion of amounts payable after more than one year42 | €2k | €19k | €20k | €21k | €21k | ▲ 3.2% |
| Trade debts44 | €4k | €879 | €1k | €2k | €2k | ▼ 17.3% |
| Suppliers440/4 | €4k | €879 | €1k | €2k | €2k | ▼ 17.3% |
| Taxes, remuneration and social security45 | €6k | €8k | - | €10k | €12k | ▲ 21.3% |
| Taxes450/3 | €6k | €8k | - | €10k | €12k | ▲ 21.3% |
| Other amounts payable47/48 | €44k | €48k | €24k | €0 | €88k | - |
| Accrued charges and deferred income492/3 | - | €125 | €3 | €0 | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €65k | €54k | €47k | €21k | ▼ 55.9% |
| + Depreciation and write-downs630 | €715 | €226 | €2k | €7k | €9k | ▲ 31.0% |
| Operating cash flow (approximation) | €66k | €65k | €56k | €54k | €30k | ▼ 44.5% |
| Investment in fixed assets (approximation) | - | €-83k | €-91k | €-119k | €-63k | ▲ 47.4% |
| Change in cash | - | €-34k | €6k | €-13k | €-6k | ▲ 56.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €174k ▲36.7%
4 profitable years in a row build equity to €174k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €127k ▲31.5%
3 profitable years in a row build equity to €127k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.97
Current ratio from 2.68 to 5.97; short-term debt falls from €37k to €11k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tervuren · 1 establishment unit since 2018
Ground area
261 m²
Building footprint
88 m²
Volume, LiDAR
392 m³
Parcel 24302D0595/00E002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Startventure
since 20182.272.252.516
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302D0595/00E002 | Flanders | 261 m² | 1 · 88 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 309 EUR awarded · 309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 309 EUR | 309 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,493 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
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.