STARVEST
ActiveFrom the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
STARVEST has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €426,536 and a net result of €12,748. Equity is growing by about 13% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Official details
KBO- Status
- Active since 12-09-2002 Normal situation
- Legal form
- Public limited company
- Registered office
- Huldekens 3, 2970 Schilde
- Activity
- “Het voor eigen rekening beheren en exploiteren van onroerende goederen.” (deed in Dutch)From the articles, 5 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.127.112.901 2970 Schilde, since 13-03-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Who decides
- De Winter Marie-AnneDirector · since 11-06-2021
- ICM HOLDING NVDirector · since 11-06-2021
- JCR BVDirector · since 11-06-2021
- Stuer ManuellaDirector · since 11-06-2021
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €40,398
- ▲ 0.6%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €12,748
- ▲ 36.6%
- Equity
- €426,536
- ▲ 3.1%
- Total assets
- €583,531
- ▼ 4.8%
Why 70raises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.95, cash €1,255, halvedlowers riskSize: total assets €583,531Figures for financial year 2025 (filed 27-08-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 61% on solvency, 25% on liquidity, 52% on profitability and 57% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00434170.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 27-08-2026
- Format
- abbreviated format
- Reference
- 2026-00434170
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 9% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €132,799 | €122,944 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,473 | €64,955 | €54,890 | €31,937 | €29,637 | €16,617 | €16,617 | €15,823 | ▼ 4.8% |
| Other operating charges640/8 | - | - | - | €11,532 | €7,442 | €6,809 | €4,673 | €3,960 | ▼ 15.2% |
| Gross operating margin9900 | €172,784 | €177,282 | €122,820 | €47,725 | €196,252 | €191,787 | €40,140 | €40,398 | ▲ 0.6% |
| Operating profit (loss)9901 | €43,724 | €91,527 | €55,030 | €4,257 | €159,173 | €168,360 | €18,850 | €20,615 | ▲ 9.4% |
| Financial income75/76B | - | - | - | €795 | €60 | - | - | - | - |
| Recurring financial income75 | €12,938 | €10,478 | €8,180 | €795 | €60 | - | - | - | - |
| Financial charges65/66B | - | - | - | €48,004 | €15,093 | €16,688 | €5,483 | €3,036 | ▼ 44.6% |
| Recurring financial charges65 | €95,859 | €86,748 | €75,346 | €48,004 | €15,093 | €16,688 | €5,483 | €3,036 | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | -€39,196 | €15,256 | -€12,136 | -€42,951 | €144,140 | €151,672 | €13,367 | €17,579 | ▲ 31.5% |
| Income taxes67/77 | €7,350 | €1,688 | €1,390 | €1,476 | €11,798 | €38,994 | €4,036 | €4,831 | ▲ 19.7% |
| Profit (loss) for the period9904 | -€46,546 | €13,569 | -€13,526 | -€44,427 | €132,342 | €112,679 | €9,332 | €12,748 | ▲ 36.6% |
| Profit (loss) for the period to be appropriated9905 | -€46,546 | €13,569 | -€13,526 | -€44,427 | €132,342 | €112,679 | €9,332 | €12,748 | ▲ 36.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.5m | €2.3m | €1.9m | €1.7m | €1.2m | €0.6m | €0.6m | €0.6m | ▼ 4.8% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.3m | €1.3m | €0.8m | €0.5m | €0.5m | €0.5m | ▼ 3.3% |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.3m | €1.3m | €0.8m | €0.5m | €0.5m | €0.5m | ▼ 3.3% |
| Land and buildings22 | - | - | - | €1.3m | €0.8m | €0.5m | €0.5m | €0.5m | ▼ 3.3% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.7m | €0.6m | €0.6m | €0.4m | €0.4m | €0.1m | €0.1m | €0.1m | ▼ 10.2% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.4m | €0.4m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.4m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.2m | - | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 15.0% |
| Other amounts receivable41 | - | - | - | - | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 15.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | €0.001m | ▼ 92.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.02m | - | €0.02m | €0.003m | ▼ 82.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.5m | €2.3m | €1.9m | €1.7m | €1.2m | €0.6m | €0.6m | €0.6m | ▼ 4.8% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 3.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 3.6% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.09m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 3.7% |
| Amounts payable17/49 | €2.3m | €2.0m | €1.7m | €1.5m | €0.9m | €0.2m | €0.2m | €0.2m | ▼ 21.1% |
| Amounts payable after more than one year17 | €1.2m | €0.9m | €0.6m | €0.6m | €0.5m | €0.09m | €0.06m | €0.03m | ▼ 48.0% |
| Financial debts170/4 | - | - | - | €0.6m | €0.5m | €0.09m | €0.06m | €0.03m | ▼ 48.0% |
| Amounts payable within one year42/48 | €1.1m | €1.0m | €1.0m | €0.9m | €0.4m | €0.1m | €0.1m | €0.1m | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.03m | €0.03m | €0.03m | = |
| Trade debts44 | €0.01m | €0.01m | €0.07m | €0.09m | - | €0.001m | €257 | €0.001m | ▲ 273% |
| Suppliers440/4 | - | - | - | €0.09m | - | €0.001m | €257 | €0.001m | ▲ 273% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | - | €0.01m | €0.02m | €0.004m | ▼ 75.8% |
| Taxes450/3 | - | - | - | €0.003m | - | €0.01m | €0.02m | €0.004m | ▼ 75.8% |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.3m | €0.09m | €0.09m | €0.09m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.003m | €0.001m | €459 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,546 | €13,569 | -€13,526 | -€44,427 | €132,342 | €112,679 | €9,332 | €12,748 | ▲ 36.6% |
| + Depreciation and write-downs630 | €80,473 | €64,955 | €54,890 | €31,937 | €29,637 | €16,617 | €16,617 | €15,823 | ▼ 4.8% |
| Operating cash flow (approximation) | €33,927 | €78,524 | €41,364 | -€12,490 | €161,979 | €129,296 | €25,949 | €28,570 | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €80,977 | €286,763 | -€10,083 | €494,779 | €282,878 | €0 | €0 | - |
| Change in cash | - | -€12,238 | -€1,824 | -€10,804 | €10,980 | €3,137 | -€8,549 | -€14,457 | ▼ 69.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00434170 | NBB |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00410961 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00448343 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00230025 | |
| 31-12-2021 | abbreviated format | 25-07-2022 | 2022-20226641 | |
| 31-12-2020 | abbreviated format | 22-06-2021 | 2021-22700480 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48100105 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54900218 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57100321 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-38500443 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| De Winter Marie-Anne |
|
| ICM HOLDING NV |
|
| JCR BV |
|
| Stuer Manuella |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding,om welke reden en op welk ogenblik ook, bij gebrek aan benoeming geschiedt vereffening door bestuursorgaan die op dat…”
Articles of association, deed of 28-12-2023 (in Dutch)
Owners and capital
Owners
2 ownersOwners 2
-
33.33%
-
33%
Capital and shareholders
- 28-12-2023 Capital stated in the deed · €62,000 · 120 shares
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- 1 more provision in the deed, see the deed of 17-03-2025
Articles of association, deed of 17-03-2025 (in Dutch)
Group and network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-03
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 28-01-2025
- Registered-office move, Huldekens 3 2970 Schilde
28-12
Gazette deed
Amendment of the articlesCapital · Registered office clause · Power of attorney7 facts ▸
- General meeting, 20-12-2023
- Other provision, 01-01-2020
- Amendment of the articles (2 times)
- Capital, €62,000
- Registered office clause, “Sint Jobsteenweg 90,2970 Schilde” (deed in Dutch)
- Power of attorney, Thierry Raes
- Power of attorney
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het voor eigen rekening beheren en exploiteren van onroerende goederen; Het verkopen en verhuren van onroerende goederen; Alle…”
5 activities
- Het voor eigen rekening beheren en exploiteren van onroerende goederen.
- Het verkopen en verhuren van onroerende goederen.
- Alle handelingen,alle bemiddelingen en dergelijke met betrekking tot immobiliën,met inbegrip van alle rechtstreeks of onrechtstreeks aanverwante activiteiten,het als tussenpersoon optreden in aankoop,verkoop en verhuring van gebouwen,het optreden als expert of raadgever inzake onroerend goed en als bouwpromotor,en dit in de ruimste zin van het woord,zowel in binnen- en buitenland.
- Het uitoefenen van alle verrichtingen in verband met de verzekeringsmakelarij.
- De bemiddeling bij het afsluiten van hypotheekleningen,spaar- en kredietverrichtingen,financieringen en projectontwikkeling.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- STARVEST
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 16:00
Articles of association, deed of 28-12-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11041A0220/00M000 | Flanders | 3,802 m² | 1 · 316 m² | 4.5 m · 1 |