TrueStar Belgium
Open bankruptcyA bankruptcy procedure is open for TrueStar Belgium according to publications in the Belgian State Gazette; curator: CHARLOTTE PIERS.
Summary
The 2021 annual accounts show equity of €85,389 and a net result of -€31,783.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 26 November 2024
- Supervising judge
- Koen Swerten
- Official Gazette
- 02-12-2024 (pdf) ↗search the document for 2024/146746
Deadlines
- Provisional date payments stopped
- 26 November 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 December 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 26 December 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 1 January 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 26 November 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Charlotte PiersGroenkraaglaan 3, 1170 Brussel 17cp@keylegal.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Put the card of TrueStar Belgium in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-07-2022, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
12 d early
2020
353 d late
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 115 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Warehousing and support activities for transportation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€31,783▲ 52.4%
2020 · -€66,707
Working capital
€83,864▼ 34.8%
2020 · €128,588
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€171,881-€96,890▼ 43.6%-€63,941-€27,601▲ 56.8%
Net result€120,328-€70,968▼ 41.0%-€66,707below the sector's middle half-€31,783below the sector's middle half▲ 52.4%
Equity€140,788-€183,879▲ 30.6%€117,172below the sector's middle half▼ 36.3%€85,389below the sector's middle half▼ 27.1%
Total assets€444,542-€438,144▼ 1.4%€328,119below the sector's middle half▼ 25.1%€502,970below the sector's middle half▲ 53.3%
Debt€303,754-€254,264▼ 16.3%€210,947▼ 17.0%€417,581▲ 98.0%
Working capital€104,055-€174,905▲ 68.1%€128,588within the sector's middle half▼ 26.5%€83,864within the sector's middle half▼ 34.8%
Solvency31.7%-42.0%▲ 10.3pp35.7%within the sector's middle half▼ 6.3pp17.0%within the sector's middle half▼ 18.7pp
Current ratio1.34-1.69▲ 0.351.66within the sector's middle half▼ 0.031.20within the sector's middle half▼ 0.46
Return on assets (ROA)27.1%-16.2%▼ 10.9pp-20.3%below the sector's middle half▼ 36.5pp-6.3%below the sector's middle half▲ 14.0pp
Staff (FTE)7.2-6▼ 16.7%6below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,601 in 2021 against €63,941 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €502,970
Fixed assets
€1,525 ▼ 59.7%
Current assets
€501,445 ▲ 54.6%
Equity and liabilities €502,970
Equity
€85,389 ▼ 27.1%
Debt
€417,581 ▲ 98.0%
Debt's share of the balance-sheet total rises from 64.3% to 83.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€25,340▲
2020 · -€58,953
Cash flow
-€29,522▲
2020 · -€61,719
Debt to equity
4.89▲
2020 · 1.80
ROE
-37.2%▲
2020 · -56.9%
Interest coverage
-6.05▲
2020 · -20.12
Debt ≤ 1 year
€417,581▲
2020 · €195,745
Staff costs
€110,724▲
2020 · €93,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €93,150 | €110,724 | ▲ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,533 | €15,873 | €4,988 | €2,261 | ▼ 54.7% |
| Gross operating margin9900 | €425,808 | €302,918 | €34,197 | €85,384 | ▲ 150% |
| Operating profit (loss)9901 | €171,881 | €96,890 | -€63,941 | -€27,601 | ▲ 56.8% |
| Financial income75/76B | - | - | €164 | €10 | ▼ 93.9% |
| Recurring financial income75 | €12,373 | €8,067 | €164 | €10 | ▼ 93.9% |
| Financial charges65/66B | - | - | €2,931 | €4,192 | ▲ 43.0% |
| Recurring financial charges65 | €1,947 | €956 | €2,931 | €4,192 | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | €182,303 | €104,001 | -€66,707 | -€31,783 | ▲ 52.4% |
| Income taxes67/77 | €61,975 | €33,033 | - | - | - |
| Profit (loss) for the period9904 | €120,328 | €70,968 | -€66,707 | -€31,783 | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | €120,328 | €70,968 | -€66,707 | -€31,783 | ▲ 52.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €444,542 | €438,144 | €328,119 | €502,970 | ▲ 53.3% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €36,734 | €8,974 | €3,786 | €1,525 | ▼ 59.7% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €35,209 | €7,249 | €2,261 | - | - |
| Plant, machinery and equipment23 | - | - | €1,586 | - | - |
| Furniture and vehicles24 | - | - | €675 | - | - |
| Financial fixed assets28 | €1,625 | €1,725 | €1,525 | €1,525 | = |
| Current assets29/58 | €407,808 | €429,169 | €324,333 | €501,445 | ▲ 54.6% |
| Stocks and contracts in progress3 | €11,787 | €9,047 | €2,395 | - | - |
| Stocks30/36 | - | - | €2,395 | - | - |
| Amounts receivable within one year40/41 | €243,165 | €226,049 | €286,899 | €345,427 | ▲ 20.4% |
| Trade receivables40 | - | - | €207 | €69,378 | ▲ 33,482% |
| Other amounts receivable41 | - | - | €286,692 | €276,049 | ▼ 3.7% |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €246,790 | €193,421 | €35,039 | €156,018 | ▲ 345% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €444,542 | €438,144 | €328,119 | €502,970 | ▲ 53.3% |
| Equity10/15 | €140,788 | €183,879 | €117,172 | €85,389 | ▼ 27.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €160,331 | €163,419 | €96,712 | €64,929 | ▼ 32.9% |
| Amounts payable17/49 | €303,754 | €254,264 | €210,947 | €417,581 | ▲ 98.0% |
| Amounts payable within one year42/48 | €303,754 | €254,264 | €195,745 | €417,581 | ▲ 113% |
| Trade debts44 | €132,381 | €149,676 | €141,870 | €333,252 | ▲ 135% |
| Suppliers440/4 | - | - | €141,870 | €333,252 | ▲ 135% |
| Taxes, remuneration and social security45 | - | - | €52,582 | €83,037 | ▲ 57.9% |
| Taxes450/3 | - | - | €35,002 | €77,416 | ▲ 121% |
| Remuneration and social security454/9 | - | - | €17,580 | €5,621 | ▼ 68.0% |
| Other amounts payable47/48 | - | - | €1,293 | €1,292 | = |
| Accrued charges and deferred income492/3 | - | - | €15,202 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,328 | €70,968 | -€66,707 | -€31,783 | ▲ 52.4% |
| + Depreciation and write-downs630 | €15,533 | €15,873 | €4,988 | €2,261 | ▼ 54.7% |
| Operating cash flow (approximation) | €135,861 | €86,841 | -€61,719 | -€29,522 | ▲ 52.2% |
| Investment in fixed assets (approximation) | - | €11,886 | €200 | €0 | ▼ 100% |
| Change in cash | - | -€53,369 | -€158,382 | €120,980 | ▲ 176% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
02-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 26-11-2024
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 353 days late
2020
31-12
Financial
Weakest financial yearnet -€66,707
Net result drops to -€66,707, the lowest in the series.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
31-12
Financial
Equity above €150,000Eq €183,879 ▲30.6%
2 profitable years in a row build equity to €183,879.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2015
Ground area
100 m²
Building footprint
99 m²
Volume, LiDAR
2,129 m³
Parcel 21803C0244/00A002, Brussels · tallest building 23.6 m, ±8 floors. Linked by address, not a title deed.
262
companies at this address
See who is registered here
1 establishment unit
TrueStar Belgium
since 20152.239.596.673
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0244/00A002 | Brussels | 100 m² | 1 · 99 m² | 23.6 m · 8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE PIERS GROENKRAAGLAAN 3,
1170 BRUSSEL 17 |
26-11-2024 → present |
Similar companies · same sector, comparable size
Huver
BE 0416.597.578
Mol · Eq €86,035
YU LOGISTICS
BE 1003.029.191
Liège · Eq €88,390
BCTN Geel
BE 0668.580.616
Meerhout · Eq €81,928
MRGV Services
BE 0746.871.591
Wommelgem · Eq €80,823
LOGFRET
BE 0877.095.378
Antwerpen · Eq €91,263
Of 355 companies in sector 52249 we hold annual accounts for 266. 138 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 (pre-2019)
Founded19-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
74999Other professional, scientific and technical activities
80090Investigation and security activities
82920Office administrative, office support and other business support activities
82990Other business support services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.