Stellaris
ActiveSummary
Stellaris has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of -€707,036. Its solvency ranks better than 95% of 211 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-07-2023 Normal situation
- Registered office
- 36 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Other professional, scientific and technical activities NACE 74999and 1 other
- Establishment unit
- 2.347.878.367 6041 Charleroi, since 27-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Board and ownership
- AETMC BVCEO · permanent representative Adil El Taghdouini
- AET MANAGEMENT & CONSULTANCYDirector · since 27-07-2023 · permanent representative EL TAGHDOUINI Adil
- ELAIA PARTNERS SASDirector · since 28-05-2025 · permanent representative Florian DENIS
- Vives Inter-University Fund20.02%· score 892025 annual accounts of Vives Inter-University Fund
- SOPARTEC5.15%· score 9730-06-2025 annual accounts of SOPARTEC
- ORSA TECH3.89%· score 9330-06-2025 annual accounts of ORSA TECH
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €295,531
- Turnover
- ≈ €700,000
- estimated
- Loss
- €707,036
- ▲ 43.5%
- Equity
- €3.3m
- Total assets
- €3.5m
- ▲ 416%
- Employees on 31-12-2025
- 2
Score breakdownraises riskLoss of €707,036, the second in a row (financial year 2025)lowers riskSector: Other professional, scientific and technical activities (NACE 74)Liquidity: current ratio 15.66, cash €2.8mFigures for financial year 2025 (filed on 12-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 74, micro). It does better than 88% of them on solvency, 97% on liquidity, 28% on profitability and 99% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 26 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 12-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €682,052, smaller than the loss of €1.0m in 2024.
- 2025 Total assets +416% on 2024. Capital increase of €3,300,224 (Official Gazette 13-08-2025). Capital increase of €969,933 (Official Gazette 13-08-2025).
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 1.2 |
| On a permanent contract | 2 |
| Joined | 1 |
| Left | 0 |
| Training hours | 8 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,791 | €60,023 |
| Intangible fixed assets | - | €1.1m |
| Financial fixed assets | €363 | - |
| Depreciation and write-downs of the year | €528 | €863,080 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €0.09m | €0.1m | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.9m | ▲ 1,636× |
| Other operating charges640/8 | €0.001m | €0.001m | ▲ 93.8% |
| Gross operating margin9900 | -€0.9m | €0.3m | - |
| Operating profit (loss)9901 | -€1.0m | -€0.7m | ▲ 33.2% |
| Financial income75/76B | €0.6m | €0.001m | ▼ 99.8% |
| Recurring financial income75 | €0.6m | €0.001m | ▼ 99.8% |
| Financial charges65/66B | €0.1m | €0.03m | ▼ 73.1% |
| Recurring financial charges65 | €0.1m | €0.03m | ▼ 73.1% |
| Profit (loss) for the period before taxes9903 | -€0.5m | -€0.7m | ▼ 43.5% |
| Profit (loss) for the period9904 | -€0.5m | -€0.7m | ▼ 43.5% |
| Profit (loss) for the period to be appropriated9905 | -€0.5m | -€0.7m | ▼ 43.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.7m | €3.5m | ▲ 416% |
| Fixed assets21/28 | €0.002m | €0.3m | ▲ 179× |
| Intangible fixed assets21 | - | €0.2m | - |
| Tangible fixed assets22/27 | €0.001m | €0.06m | ▲ 45× |
| Plant, machinery and equipment23 | €0.001m | €0.06m | ▲ 45× |
| Financial fixed assets28 | €363 | €363 | = |
| Current assets29/58 | €0.7m | €3.2m | ▲ 375% |
| Amounts receivable within one year40/41 | €0.02m | €0.4m | ▲ 19× |
| Trade receivables40 | €67 | - | - |
| Other amounts receivable41 | €0.02m | €0.4m | ▲ 19× |
| Cash at bank and in hand54/58 | €0.7m | €2.8m | ▲ 330% |
| Deferred charges and accrued income490/1 | €0.008m | €0.009m | ▲ 13.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.7m | €3.5m | ▲ 416% |
| Equity10/15 | -€0.3m | €3.3m | - |
| Contributions10/11 | €0.001m | €4.5m | ▲ 4,521× |
| Capital10 | - | €0.5m | - |
| Issued capital100 | - | €0.5m | - |
| Contributions outside capital11 | - | €4.0m | - |
| Share premium1100/10 | - | €4.0m | - |
| Profit (loss) carried forward14 | -€0.5m | -€1.2m | ▼ 144% |
| Investment grants15 | €0.2m | - | - |
| Amounts payable17/49 | €1.0m | €0.2m | ▼ 79.5% |
| Amounts payable after more than one year17 | €0.9m | - | - |
| Financial debts170/4 | €0.9m | - | - |
| Amounts payable within one year42/48 | €0.06m | €0.2m | ▲ 231% |
| Trade debts44 | €0.04m | €0.2m | ▲ 310% |
| Suppliers440/4 | €0.04m | €0.2m | ▲ 310% |
| Taxes, remuneration and social security45 | €0.02m | €0.05m | ▲ 101% |
| Taxes450/3 | - | €0.03m | - |
| Remuneration and social security454/9 | €0.02m | €0.02m | ▼ 9.3% |
| Accrued charges and deferred income492/3 | €0.1m | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€0.5m | -€0.7m | ▼ 43.5% |
| + Depreciation and write-downs630 | €0.001m | €0.9m | ▲ 1,636× |
| Operating cash flow (approximation) | -€0.5m | €0.2m | - |
| Investment in fixed assets (approximation) | - | -€1.2m | - |
| Change in cash | - | €2.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as Stellaris has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Stellaris itself is lower: 0.1% within 12 months. It rests on far more data about Stellaris than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for Stellaris. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Board 7
Day-to-day management 1
Permanent representatives 5
Statutory auditor 1
Owners and capital
Shareholders
3 ownersOwners 3
- Equity €25.0m Loss of €2.3m in 2025 (loss of €2.2m in 2024) Checked score 8920.02%
- Equity €13.5m Profit of €1.8m in 2025 (loss of €1.1m in 2024) Checked score 975.15%
- Equity €12.9m Profit of €3.0m in 2025 (profit of €3.1m in 2024) Checked score 933.89%
Capital transactions
- SOPARTEC 1,393 shares · €142,643.20 in kind
- VIVES INTER-UNIVERSITY FUND (BE 0750.788.908) 4,179 shares · €427,929.60 in kind
- FONDS DE CAPITAL A RISQUE 2020 (BE 0667.964.566) 2,786 shares · €285,286.40 in kind
- COPPÉE Paul-Evence René Ghislain 1,114 shares · €114,073.60 in kind
- Katholieke Universiteit te Leuven (BE 0419.052.173) 2,500 shares · €125,000 in kind
- ELAIA DTS3 FUND (BE 1023.301.104) 7,813 shares · €1,000,064 in cash
- WALLONIE ENTREPRENDRE (BE 0793.630.244) 4,688 shares · €600,064 in cash
- NOSHAQ EUROPE 4 (BE 1011.492.145) 1,563 shares · €200,064 in cash
- Investsud Tech (BE 0882.104.835) 2,344 shares · €300,032 in cash
- EL TAGHDOUINI Adil 15,000 shares
- SOPARTEC 5,000 shares
- EL TAGHDOUINI Adil 15,000 shares (75%)
- SOPARTEC (BE 0402.978.679) 5,000 shares (25%)
- 13-08-2026 Capital increase of €418,220.40 · to €983,068.30 · 50,388 new shares · in cash
- 16-07-2026 Capital increase of €64,847.90 · to €564,847.90 · 7,813 new shares · in kind
- 13-08-2025 Capital increase of €250,000 · 5,000 new shares · in kind
- 13-08-2025 Capital increase of €3,300,224 · 25,783 new shares at €128 per share · in cash
- 13-08-2025 Capital increase of €969,932.80 · 9,472 new shares · in kind
- 31-07-2023 Incorporation · €1,000 · 20,000 shares
The directors' other companies
10 other companies of this director went bankrupt (2024, 2025, 2026).
- SEE TELECOM bankruptcy on 08-07-2026Official Gazetteappointed in 2024, still in office
- Fonderies J. Marichal Ketin et Cie bankruptcy on 30-04-2026Official Gazetteappointed in 2024, still in office
- GALLER HOLDING bankruptcy on 24-04-2026Official Gazetteappointed in 2024, still in office
- VOCSens bankruptcy on 26-03-2026Official Gazetteappointed in 2022, still in office
- JR PEPINIERES RIGAUX SRL bankruptcy on 12-09-2025Official Gazetteappointed in 2023, still in office
- NOUKIES bankruptcy on 11-09-2025Official Gazetteappointed in 2024, still in office
- AB Holding bankruptcy on 07-08-2025Official Gazetteappointed in 2021, still in office
- OSIMIS bankruptcy on 29-01-2024Official Gazette
- GALLER BOUTIQUES bankruptcy according to the KBO registerappointed in 2025, still in office
- LA CHOCOLATERIE GALLER bankruptcy according to the KBO registerappointed in 2025, still in office
1 other company of this director went bankrupt (2026).
- VOCSens bankruptcy on 26-03-2026Official Gazettemandate 2022 to 2024
1 other company of this director went bankrupt (2026).
- VOCSens bankruptcy on 26-03-2026Official Gazetteappointed in 2024, still in office
1 other company of this director was struck off by the FPS Economy (2025).
- TESSARES struck off on 21-03-2025Official Gazetteappointed in 2025, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- end not dated
| Name | Functions and periods |
|---|---|
| AET MANAGEMENT & CONSULTANCY |
|
| VIVES Partners SRL |
|
| ELAIA PARTNERS SAS |
|
| SPARAXIS |
|
| Martin Welschof |
|
| ADBIO PARTNERS SAS |
|
| VONDERSCHER & Co GmbH |
|
| AETMC BV |
|
| PricewaterhouseCoopers Reviseurs d'Entreprises |
|
| DENIS Florian |
|
| SCHOORS Sandra |
|
| FONDS DE CAPITAL A RISQUE 2020 |
|
| SOPARTEC |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Décisions du conseil concernant Questions Réservées au Conseil d'Administration définies dans Convention, Majorité Qualifiée du Conseil…”deed of 16-07-2026 (in French)
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Tous les pouvoirs prévus à l'article 2:87 du Code des sociétés et des associations, sans autorisation spéciale de l'assemblée générale…”deed of 13-08-2025 (in French)
Network & group
Connections & network
28 connected companiesShow 24 more companies with a shared director
Timeline
Acts, filings and financial milestones
13-08
Gazette deed
Capital increase of €418,220.40 to €983,068.30Financial instrument · Amendment of the articles · Declaration13 points ▸
- General meeting, “assemblée générale extraordinaire” (deed in French)
- Capital increase, €418,220.40
- Capital, €983,068.30
- Financial instrument, 21, “issue” (deed in French)
- Financial instrument, 6871, “issue” (deed in French)
- Capital increase, mentioned 2 times in the deed
- Amendment of the articles, 5
- Other provision, “rapport sur la justification des modifications proposées aux droits attachés aux classes d'actions” (deed in French)
- Other provision, “souscription et libération des nouvelles actions et de la prime d'émission” (deed in French)
- Declaration, “déclaration de libération des actions souscrites”, EUR (deed in French)
- Other provision, “constatation de la réalisation de l'augmentation du capital” (deed in French)
- Other provision, “décision de ne pas incorporer la prime d'émission au capital” (deed in French)
- The act holds 1 more point.
16-07
Gazette deed
2 directors appointedAppointments: ADBIO PARTNERS SAS (director) and VONDERSCHER & Co GmbH (director) · Permanent representatives: BERTHOLET Clément Leiba and VONDERSCHER Jacky · Financial instrument23 points ▸
- Other provision, “non-incorporation de la prime d'émission au capital”, 935216.1 (deed in French)
- Other provision, “prise de connaissance des Conditions des Warrants Anti-Dilution, SIXIÈME RÉSOLUTION” (deed in French)
- Financial instrument, 3, “souscription de nouvelles actions seed” (deed in French)
- Other provision, “renonciation au droit de préférence, HUITIÈME RÉSOLUTION” (deed in French)
- Financial instrument, 3, “allocation” (deed in French)
- Capital increase, mentioned 2 times in the deed
- Financial instrument, 1065, “souscription de nouvelles actions ordinaires” (deed in French)
- Other provision, “renonciation au droit de préférence, DOUZIÈME RÉSOLUTION” (deed in French)
- Power of attorney, mentioned 3 times in the deed
- Capital, €564,847.90
- Director appointment, ADBIO PARTNERS SAS (director)
- Director appointment, VONDERSCHER & Co GmbH (director)
- The act holds 11 more points.
10-07
Gazette deed
Appointment: Martin Welschof (director)Power of attorney5 points ▸
- General meeting, 01-06-2026
- Director appointment, Martin Welschof (director)
- Power of attorney, Adrien Lanotte
- Power of attorney, Elise Hamesse
- Power of attorney, Ferdinand de Lhoneux
24-10
Gazette deed
Appointment: AETMC BV (CEO)Permanent representative: Adil El Taghdouini · Power of attorney4 points ▸
- Board meeting, 25-06-2025
- Director appointment, AETMC BV (CEO)
- Permanent representative, Adil El Taghdouini (representative)
- Power of attorney, AETMC BV
13-08
Gazette deed
2 directors appointed, 2 directors resigningResignations: Florian DENIS (director) and Sandra SCHOORS (director) · Appointments: VIVES PARTNERS SRL (director) and ELAIA PARTNERS SAS (director) · Permanent representatives: Sandra SCHOORS and Florian DENIS7 points ▸
- General meeting, 23-07-2025
- Director resignation, Florian DENIS (director)
- Director resignation, Sandra SCHOORS (director)
- Director appointment, VIVES PARTNERS SRL (director)
- Director appointment, ELAIA PARTNERS SAS (director)
- Permanent representative, Sandra SCHOORS
- Permanent representative, Florian DENIS
13-08
Gazette deed
Capital & shares · Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousResignations: FONDS DE CAPITAL A RISQUE 2020, AET MANAGEMENT & CONSULTANCY and VIVES PARTNERS · Appointments: AET MANAGEMENT & CONSULTANCY, DENIS Florian and 3 others · Incorporation90 points ▸
- General meeting, 28-05-2025
- Incorporation, 26-07-2023
- Other provision, “statuts et immatriculation, registre des personnes morales” (deed in French)
- Other provision, “ouverture et bureau”, 13:10 (deed in French)
- EL TAGHDOUINI Adil holds 15,000 shares
- SOPARTEC holds 5,000 shares
- Other provision, 20000, “total actions représentées” (deed in French)
- Power of attorney, MAELFAIT Guillaume Hendrik, mentioned 2 times in the deed
- Other provision, “ordre du jour rapports à prendre en connaissance, rapport organe d'administration art. 5:121 §1 al.1 juncto 5:133 §1 al.1 et 5:102 CSA” (deed in French)
- Kind of shares, “création de deux classes, actions existantes aux classes respectives” (deed in French)
- Capital contribution, €250,000
- Share issue, “actions ordinaires, souscription et libération nouvelles actions ordinaires” (deed in French)
- The act holds 78 more points.
21-01
Gazette deed
1 director appointed, 1 director resigningPermanent representatives: Elisabeth DE HALLEUX and Helena POZIOS · Resignation: SOPARTEC SA (director) · Appointment: VIVES PARTNERS SRL (director)6 points ▸
- General meeting, 23-12-2024
- Permanent representative, Elisabeth DE HALLEUX (représentant permanent de l'administrateur)
- Permanent representative, Helena POZIOS (représentant permanent de l'administrateur)
- Director in office, FONDS DE CAPITAL A RISQUE 2020 SA (director)
- Director resignation, SOPARTEC SA (director)
- Director appointment, VIVES PARTNERS SRL (director)
02-02
Gazette deed
Registered office moved within CharleroiNew seat: 6041 Charleroi (Gosselies), Rue Clément Ader 10 · Previous seat: Rue Auguste Piccard 48, 6041 Charleroi · Power of attorney6 points ▸
- Registered-office move, 6041 Charleroi (Gosselies), Rue Clément Ader 10
- Board meeting, 15-01-2024
- Power of attorney, Adrien Lanotte
- Power of attorney, Bjorn Delmoitié
- Power of attorney, Guillaume Sauvage
- Power of attorney, Antoine Clerbaux
31-07
Gazette deed
IncorporationStarting capital €1,000 · Appointments: AET MANAGEMENT & CONSULTANCY, SOPARTEC and FONDS DE CAPITAL A RISQUE 2020 · Founder9 points ▸
- Incorporation, “STELLARIS” (deed in French)
- Founder, EL TAGHDOUINI Adil (comparant)
- Founder, SOPARTEC (comparant)
- Founding capital, €1,000
- Registered office clause, “6041 Charleroi (Gosselies), Rue Auguste Picard”, 48 (deed in French)
- Director appointment, AET MANAGEMENT & CONSULTANCY (director (not named in the articles))
- Director appointment, SOPARTEC (director (not named in the articles))
- Director appointment, FONDS DE CAPITAL A RISQUE 2020 (director (not named in the articles))
- Director appointment, AET MANAGEMENT & CONSULTANCY (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 6041 Charleroi until 15-01-2024 · act of 02-02-2024