Stellar Projects
Annual accounts 2025
micro format, filed on 15-07-2026, 16 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €170,000 and €270,000.
Balance sheet
balance sheet total €177,266 on 31-12-2025in euro
in euro
Position in the sector
11.5%
Higher than 16% of 21,208 companies in 2025.
0.96
Higher than 15% of 20,571 companies in 2025.
35.3%
Higher than 73% of 20,746 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
177,266 | 128,980 | 151,507 | 126,096 | 158,333 | 251,189 | 161,246 | 64,996 | |
21/28 |
27,451 | 24,924 | 7,744 | 4,059 | 7,288 | 14,055 | 17,252 | 22,396 | |
22/27 |
27,451 | 24,924 | 7,744 | 4,059 | 7,288 | 14,055 | 17,252 | 22,396 | |
23 |
5,415 | 3,501 | 1,552 | 1,952 | 4,092 | 5,379 | 3,097 | 2,762 | |
24 |
7,186 | 4,864 | 6,192 | 2,107 | 3,196 | 8,676 | 14,155 | 19,634 | |
26 |
14,849 | 16,559 | - | - | - | - | - | - | |
29/58 |
149,815 | 104,056 | 143,763 | 122,037 | 151,045 | 237,134 | 143,994 | 42,600 | |
40/41 |
39,769 | 47,070 | 37,158 | 50,933 | 37,239 | 27,233 | 46,724 | 26,266 | |
40 |
32,089 | 34,615 | 24,703 | 42,163 | 37,223 | 27,233 | 45,153 | 26,266 | |
41 |
7,680 | 12,455 | 12,455 | 8,770 | 16 | - | 1,571 | - | |
54/58 |
110,046 | 31,986 | 106,205 | 70,723 | 113,397 | 209,556 | 96,927 | 15,377 | |
490/1 |
- | 25,000 | 401 | 381 | 409 | 344 | 343 | 957 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
177,266 | 128,980 | 151,507 | 126,096 | 158,333 | 251,189 | 161,246 | 64,996 | |
10/15 |
20,405 | 20,405 | 20,405 | 34,849 | 116,064 | 184,747 | 110,460 | 28,699 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 12,400 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | 6,150 | |
13 |
1,855 | 1,855 | 1,855 | 16,299 | 16,299 | 16,299 | 16,299 | 16,299 | |
130/1 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | |
1311 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | |
133 |
- | - | - | 14,444 | 14,444 | 14,444 | 14,444 | 14,444 | |
14 |
- | - | - | - | 81,215 | 149,898 | 75,611 | - | |
17/49 |
156,861 | 108,575 | 131,102 | 91,247 | 42,269 | 66,442 | 50,786 | 36,297 | |
17 |
- | - | - | - | - | 4,237 | 9,794 | 15,246 | |
170/4 |
- | - | - | - | - | 4,237 | 9,794 | 15,246 | |
42/48 |
156,649 | 108,368 | 131,102 | 91,247 | 40,183 | 59,135 | 39,169 | 19,337 | |
42 |
- | - | - | - | 4,237 | 5,557 | 5,452 | 5,349 | |
44 |
1,617 | 9,488 | 8,880 | 2,204 | 1,847 | 1,796 | 2,300 | 503 | |
440/4 |
1,617 | 9,488 | 8,880 | 2,204 | 1,847 | 1,796 | 2,300 | 503 | |
45 |
40,101 | 33,192 | 8,283 | 25,490 | 30,320 | 49,310 | 28,267 | 11,849 | |
450/3 |
40,101 | 33,192 | 7,933 | 22,150 | 30,320 | 49,310 | 28,267 | 11,849 | |
454/9 |
- | - | 350 | 3,339 | - | - | - | - | |
47/48 |
114,931 | 65,688 | 113,940 | 63,553 | 3,778 | 2,472 | 3,151 | 1,635 | |
492/3 |
212 | 207 | - | - | 2,086 | 3,070 | 1,823 | 1,714 | |
| Income statement | |||||||||
9900 |
89,199 | 88,962 | 63,034 | 82,587 | 112,238 | 103,386 | 107,284 | 27,465 | |
630 |
5,759 | 3,400 | 2,459 | 5,794 | 8,484 | 7,900 | 7,251 | 2,729 | |
640/8 |
2,509 | 4,495 | 1,469 | 1,296 | 1,153 | 1,233 | 1,934 | 647 | |
66A |
- | - | 2,107 | - | - | - | - | - | |
9901 |
80,931 | 81,066 | 56,999 | 75,497 | 102,601 | 94,254 | 98,099 | 24,089 | |
75/76B |
0 | 0 | 0 | - | 1,414 | 90 | 0 | - | |
75 |
0 | 0 | 0 | - | 1,414 | 90 | 0 | - | |
65/66B |
784 | 416 | 381 | 488 | 494 | 505 | 497 | 264 | |
65 |
784 | 416 | 381 | 488 | 494 | 505 | 497 | 264 | |
9903 |
80,148 | 80,651 | 56,618 | 75,009 | 103,521 | 93,839 | 97,601 | 23,825 | |
67/77 |
17,546 | 19,536 | 12,553 | 16,307 | 22,306 | 19,553 | 21,190 | 6,726 | |
9904 |
62,601 | 61,115 | 44,066 | 58,702 | 81,215 | 74,286 | 76,411 | 17,099 | |
9905 |
62,601 | 61,115 | 44,066 | 58,702 | 81,215 | 74,286 | 76,411 | 17,099 | |
| Appropriation of the result | |||||||||
9906 |
62,601 | 61,115 | 44,066 | 139,917 | 231,113 | 149,898 | 76,411 | 17,099 | |
14P |
- | - | - | 81,215 | 149,898 | - | - | - | |
791/2 |
- | - | 14,444 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 16,299 | |
6920 |
- | - | - | - | - | - | - | 1,855 | |
6921 |
- | - | - | - | - | - | - | 14,444 | |
694/7 |
62,601 | 61,115 | 58,509 | 139,917 | 149,898 | - | 800 | 800 | |
694 |
62,601 | 61,115 | 58,509 | 139,917 | 149,898 | - | 800 | 800 | |
| Document | |||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00295582 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00512649 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00414483 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00250710 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20039461 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25500478 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-59900446 | |
| 31-12-2018 | micro format | 03-06-2019 | 2019-15600024 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 86,690 | 84,467 | 59,458 | 81,291 | 111,085 | 102,153 | 105,349 | 26,818 | ||
| 68,360 | 64,515 | 46,525 | 64,496 | 89,699 | 82,186 | 83,662 | 19,827 | ||
| 8,285 | 20,581 | 8,250 | 2,565 | 1,717 | 4,702 | 2,107 | 25,125 | ||
| 78,060 | -74,219 | 35,481 | -42,673 | -96,160 | 112,630 | 81,550 | - | ||
| -6,834 | -4,312 | 12,661 | 30,790 | 110,862 | 177,999 | 104,825 | 23,264 | ||
| 11.5% | 15.8% | 13.5% | 27.6% | 73.3% | 73.5% | 68.5% | 44.2% | ||
| 0.96 | 0.96 | 1.10 | 1.34 | 3.76 | 4.01 | 3.68 | 2.20 | ||
| 7.69 | 5.32 | 6.42 | 2.62 | 0.36 | 0.36 | 0.46 | 1.26 | ||
| 306.8% | 299.5% | 216.0% | 168.4% | 70.0% | 40.2% | 69.2% | 59.6% | ||
| 35.3% | 47.4% | 29.1% | 46.6% | 51.3% | 29.6% | 47.4% | 26.3% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,285 | €20,581 | €8,250 | €2,565 | €1,717 |
| €5,759 | €3,400 | €2,459 | €5,794 | €8,484 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Stellar Projects
The operating result for 2025 is 0% lower than in 2024.
Debt's share of the balance-sheet total rises from 84.2% to 88.5%. Debt is higher.