STAR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of STAR CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €37k and a net result of €9k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 7500 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78=
Solvency54▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 2.16 in 2024; short-term debt: 56% and cash: 57.7% of total assets), and 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
on the day
2022
3 d late
2021
27 d early
2020
30 d early
2019
24 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€253k
EBIT margin
1.8%
Net result
€9k▼ 5.5%
2024 · €10k
2019: €4klowest in 7 years
2020: €10k▲ +129% vs 2019
2021: €10k▲ +1.8% vs 2020highest in 7 years
2022: €5k▼ -56.0% vs 2021
2023: €6k▲ +30.8% vs 2022
2024: €10k▲ +61.3% vs 2023
2025: €9k▼ -5.5% vs 2024
2019 → 2025
Working capital
€25k▼ 51.6%
2024 · €52k
2019: €10klowest in 7 years
2020: €10k▲ +6.4% vs 2019
2021: €25k▲ +136% vs 2020
2022: €35k▲ +41.4% vs 2021
2023: €37k▲ +6.9% vs 2022
2024: €52k▲ +38.8% vs 2023highest in 7 years
2025: €25k▼ -51.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€47k▲ 10.7%€53k▲ 12.7%€63k▲ 18.2%€37k▼ 40.9%
2021: €43k
2022: €47k▲ +10.7% vs 2021
2023: €53k▲ +12.7% vs 2022
2024: €63k▲ +18.2% vs 2023highest in 5 years
2025: €37k▼ -40.9% vs 2024lowest in 5 years
Operating result€13k-€5k▼ 58.3%€8k▲ 45.2%€12k▲ 51.5%€11k▼ 9.5%
2021: €13khighest in 5 years
2022: €5k▼ -58.3% vs 2021lowest in 5 years
2023: €8k▲ +45.2% vs 2022
2024: €12k▲ +51.5% vs 2023
2025: €11k▼ -9.5% vs 2024
Net result€10k-€5k▼ 56.0%€6k▲ 30.8%€10k▲ 61.3%€9k▼ 5.5%
2021: €10khighest in 5 years
2022: €5k▼ -56.0% vs 2021lowest in 5 years
2023: €6k▲ +30.8% vs 2022
2024: €10k▲ +61.3% vs 2023
2025: €9k▼ -5.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€31k ▼ 26.4%
Current assets
€96k ▼ 0.3%
Equity and liabilities €127k
Equity
€37k ▼ 40.9%
Debt
€89k ▲ 19.4%
Debt's share of the balance-sheet total rises from 54.3% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €31k
Cash flow
€20k▼
2024 · €29k
Current ratio
1.35▼
2024 · 2.16
Quick ratio
1.29▼
2024 · 2.10
Debt to equity
2.40▲
2024 · 1.19
ROE
24.6%▲
2024 · 15.4%
ROA
7.2%▲
2024 · 7.0%
Interest coverage
26.20▲
2024 · 18.67
Debt ≤ 1 year
€71k▲
2024 · €45k
Debt > 1 year
€18k▼
2024 · €30k
Income taxes
€3k▲
2024 · €3k
Staff costs
€35k▼
2024 · €40k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€138k€127k▼
Fixed assets21/28€42k€31k▼
Tangible fixed assets22/27€42k€31k▼
Plant, machinery and equipment23€162-
Furniture and vehicles24€49-
Leasing and similar rights25€41k€31k▼
Financial fixed assets28€50€50=
Current assets29/58€96k€96k▼
Stocks and contracts in progress3€3k€5k▲
Stocks30/36€3k€5k▲
Amounts receivable within one year40/41€33k€16k▼
Trade receivables40€33k€14k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€58k€73k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€138k€127k▼
Equity10/15€63k€37k▼
Contributions10/11€13k€13k=
Reserves13€4k€4k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€46k€21k▼
Amounts payable17/49€75k€89k▲
Amounts payable after more than one year17€30k€18k▼
Financial debts170/4€30k€18k▼
Amounts payable within one year42/48€45k€71k▲
Current portion of amounts payable after more than one year42€14k€13k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€19k€19k▲
Taxes450/3€7k€6k▼
Remuneration and social security454/9€12k€14k▲
Other amounts payable47/48€3k€32k▲
Income statement
Code20242025
Remuneration, social security and pensions62€40k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€11k▼
Other operating charges640/8€6k€4k▼
Gross operating margin9900€76k€62k▼
Operating profit (loss)9901€12k€11k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€2k€829▼
Recurring financial charges65€2k€829▼
Profit (loss) for the period before taxes9903€13k€13k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€10k€9k▼
Profit (loss) for the period to be appropriated9905€10k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€56k▲
Profit (loss) brought forward from the previous period14P€37k€46k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €28k | €33k | €40k | €35k | ▼ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €11k | €19k | €11k | ▼ 41.8% |
| Other operating charges640/8 | - | €6k | €2k | €6k | €4k | ▼ 24.9% |
| Non-recurring operating charges66A | - | €1k | €0 | - | - | - |
| Gross operating margin9900 | €36k | €51k | €55k | €76k | €62k | ▼ 19.4% |
| Operating profit (loss)9901 | €13k | €5k | €8k | €12k | €11k | ▼ 9.5% |
| Financial income75/76B | - | €2k | €1k | €3k | €3k | ▼ 1.6% |
| Recurring financial income75 | €167 | €133 | €1k | €3k | €3k | ▼ 1.6% |
| Non-recurring financial income76B | - | €2k | €0 | - | - | - |
| Financial charges65/66B | - | €554 | €723 | €2k | €829 | ▼ 49.7% |
| Recurring financial charges65 | €350 | €554 | €723 | €2k | €829 | ▼ 49.7% |
| Profit (loss) for the period before taxes9903 | €13k | €7k | €8k | €13k | €13k | ▼ 2.7% |
| Income taxes67/77 | €2k | €2k | €2k | €3k | €3k | ▲ 5.7% |
| Profit (loss) for the period9904 | €10k | €5k | €6k | €10k | €9k | ▼ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €10k | €5k | €6k | €10k | €9k | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €62k | €129k | €138k | €127k | ▼ 8.2% |
| Fixed assets21/28 | €27k | €18k | €61k | €42k | €31k | ▼ 26.4% |
| Tangible fixed assets22/27 | €27k | €18k | €61k | €42k | €31k | ▼ 26.5% |
| Plant, machinery and equipment23 | - | €3k | €749 | €162 | - | - |
| Furniture and vehicles24 | - | €15k | €8k | €49 | - | - |
| Leasing and similar rights25 | - | - | €52k | €41k | €31k | ▼ 26.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €37k | €44k | €68k | €96k | €96k | ▼ 0.3% |
| Stocks and contracts in progress3 | €5k | €4k | €10k | €3k | €5k | ▲ 62.1% |
| Stocks30/36 | - | €4k | €10k | €3k | €5k | ▲ 62.1% |
| Amounts receivable within one year40/41 | €9k | €17k | €8k | €33k | €16k | ▼ 52.4% |
| Trade receivables40 | - | €16k | €7k | €33k | €14k | ▼ 57.1% |
| Other amounts receivable41 | - | €1k | €1k | - | €2k | - |
| Current investments50/53 | - | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €1k | €18k | €43k | €58k | €73k | ▲ 26.2% |
| Deferred charges and accrued income490/1 | - | €5k | €7k | €3k | €3k | ▼ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €62k | €129k | €138k | €127k | ▼ 8.2% |
| Equity10/15 | €43k | €47k | €53k | €63k | €37k | ▼ 40.9% |
| Contributions10/11 | - | €11k | €11k | €13k | €13k | = |
| Reserves13 | €5k | €5k | €5k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €26k | €31k | €37k | €46k | €21k | ▼ 55.6% |
| Amounts payable17/49 | €21k | €15k | €75k | €75k | €89k | ▲ 19.4% |
| Amounts payable after more than one year17 | €8k | €5k | €45k | €30k | €18k | ▼ 39.3% |
| Financial debts170/4 | - | €5k | €45k | €30k | €18k | ▼ 39.3% |
| Amounts payable within one year42/48 | €12k | €9k | €31k | €45k | €71k | ▲ 59.3% |
| Current portion of amounts payable after more than one year42 | - | €3k | €13k | €14k | €13k | ▼ 5.0% |
| Financial debts43 | - | - | - | €5k | - | - |
| Credit institutions430/8 | - | - | - | €5k | - | - |
| Trade debts44 | €6k | €5k | €5k | €3k | €7k | ▲ 91.8% |
| Suppliers440/4 | - | €5k | €5k | €3k | €7k | ▲ 91.8% |
| Taxes, remuneration and social security45 | - | €894 | €11k | €19k | €19k | ▲ 1.1% |
| Taxes450/3 | - | - | €2k | €7k | €6k | ▼ 16.1% |
| Remuneration and social security454/9 | - | €894 | €9k | €12k | €14k | ▲ 10.9% |
| Other amounts payable47/48 | - | - | €2k | €3k | €32k | ▲ 1,155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €5k | €6k | €10k | €9k | ▼ 5.5% |
| + Depreciation and write-downs630 | €10k | €10k | €11k | €19k | €11k | ▼ 41.8% |
| Operating cash flow (approximation) | €21k | €15k | €17k | €29k | €20k | ▼ 29.5% |
| Investment in fixed assets (approximation) | - | €-2k | €-54k | €0 | €0 | - |
| Change in cash | - | €17k | €25k | €15k | €15k | ▲ 4.2% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €10k ▲1.8%
Operating result €13k, net result €10k, both a record.
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial 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.
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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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2015
Ground area
139 m²
Building footprint
140 m²
Volume, LiDAR
979 m³
Parcel 21013B0326/00W013, Brussels · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STAR CONSTRUCT
since 20152.242.945.846
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0326/00W013 | Brussels | 139 m² | 1 · 140 m² | 15.5 m · 2 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.
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 674 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
Founded23-06-2015
Fiscal year end31-03
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43990Other specialised construction activities
42911Civil engineering
43110Demolition
43120Site preparation
43130Specialised construction activities
43223Specialised construction activities
43910Bricklaying and masonry work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.