Summary
STELLAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €44.42M and a net result of €9.84M. Equity is growing by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 2394 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
11 d late
2024
9 d early
2023
1 d early
2022
21 d early
2021
20 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€44.42M▲ 28.5%
2024 · €34.58M
2018: €12.46M
2019: €7.94M
2020: €9.84M
2021: €15.79M
2022: €20.92M
2023: €23.55M
2024: €34.58M
2018 → 2025
Net result
€9.84M▼ 10.7%
2024 · €11.03M
2018: €3.80M
2019: €7.48M
2020: €1.90M
2021: €5.94M
2022: €5.13M
2023: €2.63M
2024: €11.03M
2018 → 2025
Total assets
€83.15M▲ 3.8%
2024 · €80.15M
2018: €13.46M
2019: €16.60M
2020: €18.62M
2021: €20.80M
2022: €27.21M
2023: €32.06M
2024: €80.15M
2018 → 2025
Solvency
53.4%▲ 10.3pp
2024 · 43.1%
2018: 92.6%
2019: 47.8%
2020: 52.9%
2021: 75.9%
2022: 76.9%
2023: 73.5%
2024: 43.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€303k-€267k▼ 11.9%€385k▲ 44.0%€1.10M▲ 185%€1.61M▲ 47.1%
Equity€15.79M-€20.92M▲ 32.5%€23.55M▲ 12.6%€34.58M▲ 46.8%€44.42M▲ 28.5%
Operating result€-184k-€-926k▼ 403%€-2.97M▼ 221%€-3.08M▼ 3.7%€-1.87M▲ 39.4%
Net result€5.94M-€5.13M▼ 13.6%€2.63M▼ 48.8%€11.03M▲ 319%€9.84M▼ 10.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.87M in 2025 against €3.08M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83.15M
Fixed assets
€63.27M ▼ 5.2%
Current assets
€19.89M ▲ 48.3%
Equity and liabilities €83.15M
Equity
€44.42M ▲ 28.5%
Debt
€38.73M ▼ 15.0%
Debt's share of the balance-sheet total falls from 56.9% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
22.2%▼
2024 · 31.9%
ROA
11.8%▼
2024 · 13.8%
Debt ≤ 1 year
€8.58M▼
2024 · €11.71M
Debt > 1 year
€30.16M▼
2024 · €33.86M
Income taxes
€329▼
2024 · €484
Staff costs
€731k▼
2024 · €859k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€80.15M€83.15M▲
Fixed assets21/28€66.74M€63.27M▼
Intangible fixed assets21€990k€787k▼
Financial fixed assets28€65.75M€62.48M▼
Affiliated companies280/1€65.75M€62.48M▼
Participating interests280€65.75M€62.48M▼
Current assets29/58€13.41M€19.89M▲
Amounts receivable after more than one year29€6.56M€7.99M▲
Other amounts receivable291€6.56M€7.99M▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€6.59M€8.64M▲
Trade receivables40€1.00M€405k▼
Other amounts receivable41€5.59M€8.23M▲
Cash at bank and in hand54/58€68k€3.14M▲
Deferred charges and accrued income490/1€185k€119k▼
Equity and liabilities
Total equity and liabilities10/49€80.15M€83.15M▲
Equity10/15€34.58M€44.42M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€34.48M€44.32M▲
Non-distributable reserves130/1€350k€350k=
Legal reserve130€350k€350k=
Distributable reserves133€34.13M€43.97M▲
Amounts payable17/49€45.57M€38.73M▼
Amounts payable after more than one year17€33.86M€30.16M▼
Financial debts170/4€33.86M€30.16M▼
Credit institutions173€31.36M€25.66M▼
Other loans174€2.50M€4.50M▲
Amounts payable within one year42/48€11.71M€8.58M▼
Current portion of amounts payable after more than one year42€6.00M€5.70M▼
Trade debts44€523k€395k▼
Suppliers440/4€523k€395k▼
Taxes, remuneration and social security45€175k€81k▼
Taxes450/3€232€0▼
Remuneration and social security454/9€174k€81k▼
Other amounts payable47/48€5.01M€2.40M▼
Income statement
Code20242025
Operating income70/76A€1.22M€2.47M▲
Turnover70€1.10M€1.61M▲
Other operating income74€123k€856k▲
Operating charges60/66A€4.30M€4.33M▲
Goods for resale, raw materials and consumables60-€433
Purchases600/8-€433
Services and other goods61€3.08M€3.20M▲
Remuneration, social security and pensions62€859k€731k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€340k€397k▲
Other operating charges640/8€23k€6k▼
Operating profit (loss)9901€-3.08M€-1.87M▲
Financial income75/76B€14.68M€16.72M▲
Recurring financial income75€11.49M€16.72M▲
Income from financial fixed assets750€11.33M€16.22M▲
Income from current assets751€167k€503k▲
Other financial income752/9-€33
Non-recurring financial income76B€3.19M€0▼
Financial charges65/66B€574k€5.01M▲
Recurring financial charges65€459k€1.94M▲
Debt charges650€449k€1.94M▲
Other financial charges652/9€9k€3k▼
Non-recurring financial charges66B€116k€3.07M▲
Profit (loss) for the period before taxes9903€11.03M€9.84M▼
Income taxes67/77€484€329▼
Taxes670/3€484€329▼
Profit (loss) for the period9904€11.03M€9.84M▼
Profit (loss) for the period to be appropriated9905€11.03M€9.84M▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.03M€9.84M▼
Transfer to equity691/2€11.03M€9.84M▼
To other reserves6921€11.03M€9.84M▼
Social balance
Average headcount (FTE)90873.73.2▼
The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
27-08
State Gazette act
Resignation: ACF BV (director)Permanent representative: Tom Verhaegen · Power of attorney5 facts ▸
State Gazette act
Resignation: ACF BV (director)
Permanent representative: Tom Verhaegen · Power of attorney5 facts ▸
- General meeting, 01-12-2025
- Director resignation, ACF BV (director)
- Permanent representative, Tom Verhaegen
- Power of attorney, Charlotte Aerts
- Power of attorney, Monard Law BV
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated · 11 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 2.32
Current ratio from 1.14 to 2.32; short-term debt falls from €11.71M to €8.58M.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-12
Financial
Highest result since 2018net €11.03M ▲319%
Net result €11.03M, the highest in the series.
31-12
Financial
Equity above €25MEq €34.58M ▲46.8%
7 profitable years in a row build equity to €34.58M.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
Show earlier events
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
31-12
Financial
Liquidity doublescurrent ratio 5.88
Current ratio from 2.81 to 5.88; short-term debt falls from €3.81M to €2.32M.
31-12
Financial
Equity above €10MEq €15.79M ▲60.4%
4 profitable years in a row build equity to €15.79M.
2020
31-12
Financial
Weakest financial yearnet €1.90M ▼74.6%
Net result drops to €1.90M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.81
Current ratio from 0.99 to 2.81; short-term debt falls from €8.66M to €3.81M.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-12-2025
Resigned as Director
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diestersesteenweg 523583 BeringenGround area
409 m²
Building footprint
363 m²
Volume, LiDAR
1,948 m³
Parcel 71382C0556/00V000, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STELLAR
since 20142.242.105.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71382C0556/00V000 | Flanders | 409 m² | 1 · 363 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 subsidiarySTELLARBE 0507.761.247
controls
Where this company holds controlsubsidiary per the LEI register1
Paal · LEI lapsed
Public money · subsidies and aid
Flemish government
2024 to 2025 · 4 entries · 419,204 EUR awarded · 147,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 87,000 EUR |
| 2024 | 2 | 419,204 EUR | 60,000 EUR |
Schemes
Strategisch onderzoekscentrum ICON project (SOC-ICON)
Subsidies bevordering duurzaam woon-werkverkeer ikv Pendelfonds
Recognitions · licences · registrations
Legal Entity Identifier
967600YGVTR4J91UHI96
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 2,887 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@hs-p.be
Phone:011/85.90.85
Fax:011/85.90.86