Starlette & Co
ActiveSummary
The computed 12-month bankruptcy probability of Starlette & Co is 1.5% (moderate). For Starlette & Co, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €1.06M and a net result of €83k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 79% of 2937 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability75▲+28
Solvency86▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.5%
Return on assets
4.8%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 237 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline25-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 10-02-2025, 10 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
10 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.06M▲ 8.5%
2023 · €973k
2019: €1.07M
2020: €1.09M▲ +1.4% vs 2019highest in 6 years
2021: €1.06M▼ -2.6% vs 2020
2022: €1.02M▼ -3.6% vs 2021
2023: €973k▼ -4.7% vs 2022lowest in 6 years
2024: €1.06M▲ +8.5% vs 2023
2019 → 2024
Total assets
€1.72M▲ 3.7%
2023 · €1.66M
2019: €2.27Mhighest in 6 years
2020: €2.23M▼ -2.0% vs 2019
2021: €2.09M▼ -5.9% vs 2020
2022: €1.85M▼ -11.8% vs 2021
2023: €1.66M▼ -10.3% vs 2022lowest in 6 years
2024: €1.72M▲ +3.7% vs 2023
2019 → 2024
Net result
€83k
2023 · €-48k
2019: €38k
2020: €15k▼ -59.9% vs 2019
2021: €28k▲ +83.1% vs 2020
2022: €19k▼ -34.2% vs 2021
2023: €-48k▼ -358% vs 2022lowest in 6 years
2024: €83k▲ +273% vs 2023highest in 6 years
2019 → 2024
Working capital
€1.19M▼ 0.1%
2023 · €1.19M
2019: €1.45M
2020: €1.51M▲ +4.3% vs 2019
2021: €1.53M▲ +0.9% vs 2020highest in 6 years
2022: €1.40M▼ -8.0% vs 2021
2023: €1.19M▼ -15.1% vs 2022
2024: €1.19M▼ -0.1% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.09M-€1.06M▼ 2.6%€1.02M▼ 3.6%€973k▼ 4.7%€1.06M▲ 8.5%
2020: €1.09Mhighest in 5 years
2021: €1.06M▼ -2.6% vs 2020
2022: €1.02M▼ -3.6% vs 2021
2023: €973k▼ -4.7% vs 2022lowest in 5 years
2024: €1.06M▲ +8.5% vs 2023
Operating result€72k-€-4k€-15k▼ 266%€-38k▼ 146%€101k
2020: €72k
2021: €-4k▼ -106% vs 2020
2022: €-15k▼ -266% vs 2021
2023: €-38k▼ -146% vs 2022lowest in 5 years
2024: €101k▲ +368% vs 2023highest in 5 years
Net result€15k-€28k▲ 83.1%€19k▼ 34.2%€-48k€83k
2020: €15k
2021: €28k▲ +83.1% vs 2020
2022: €19k▼ -34.2% vs 2021
2023: €-48k▼ -358% vs 2022lowest in 5 years
2024: €83k▲ +273% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €101k after a loss of €38k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.72M
Fixed assets
€440k ▲ 19.6%
Current assets
€1.28M ▼ 0.9%
Equity and liabilities €1.72M
Equity
€1.06M ▲ 8.5%
Debt
€661k ▼ 3.3%
Debt's share of the balance-sheet total falls from 41.3% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186k▲
2023 · €39k
Cash flow
€168k▲
2023 · €29k
Current ratio
14.80▲
2023 · 13.33
Quick ratio
1.18▼
2023 · 2.31
Debt to equity
0.63▼
2023 · 0.70
ROE
7.8%▲
2023 · -4.9%
ROA
4.8%▲
2023 · -2.9%
Interest coverage
19.11▲
2023 · 3.79
Debt ≤ 1 year
€86k▼
2023 · €97k
Debt > 1 year
€575k▼
2023 · €583k
Income taxes
€8k
Staff costs
€101k▲
2023 · €83k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €75k | €83k | €101k | ▲ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92k | €87k | €63k | €77k | €85k | ▲ 11.0% |
| Other operating charges640/8 | - | - | €9k | €1k | €10k | ▲ 602% |
| Gross operating margin9900 | €211k | €147k | €131k | €123k | €296k | ▲ 140% |
| Operating profit (loss)9901 | €72k | €-4k | €-15k | €-38k | €101k | ▲ 368% |
| Financial income75/76B | - | - | €16 | €1 | €41 | ▲ 2,865% |
| Recurring financial income75 | €399 | €248 | €16 | €1 | €41 | ▲ 2,865% |
| Financial charges65/66B | - | - | €12k | €10k | €10k | ▼ 6.0% |
| Recurring financial charges65 | €54k | €13k | €12k | €10k | €10k | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €19k | €-17k | €-27k | €-48k | €91k | ▲ 290% |
| Transfer from deferred taxes780 | - | - | €56k | - | - | - |
| Income taxes67/77 | €3k | €11k | €10k | - | €8k | - |
| Profit (loss) for the period9904 | €15k | €28k | €19k | €-48k | €83k | ▲ 273% |
| Profit (loss) for the period to be appropriated9905 | €15k | €28k | €19k | €-48k | €83k | ▲ 273% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.23M | €2.09M | €1.85M | €1.66M | €1.72M | ▲ 3.7% |
| Fixed assets21/28 | €481k | €395k | €333k | €368k | €440k | ▲ 19.6% |
| Tangible fixed assets22/27 | €481k | €395k | €333k | €368k | €440k | ▲ 19.6% |
| Land and buildings22 | - | - | €328k | €366k | €409k | ▲ 11.7% |
| Plant, machinery and equipment23 | - | - | €2k | €442 | €28k | ▲ 6,239% |
| Furniture and vehicles24 | - | - | €2k | €2k | €3k | ▲ 112% |
| Current assets29/58 | €1.74M | €1.70M | €1.51M | €1.29M | €1.28M | ▼ 0.9% |
| Stocks and contracts in progress3 | €677k | €979k | €1.28M | €1.07M | €1.18M | ▲ 10.3% |
| Stocks30/36 | - | - | €1.28M | €1.07M | €1.18M | ▲ 10.3% |
| Amounts receivable within one year40/41 | €12k | €3k | €369 | €11k | €9k | ▼ 17.4% |
| Other amounts receivable41 | - | - | €369 | €11k | €9k | ▼ 17.4% |
| Cash at bank and in hand54/58 | €1.06M | €717k | €232k | €213k | €92k | ▼ 56.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €464 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.23M | €2.09M | €1.85M | €1.66M | €1.72M | ▲ 3.7% |
| Equity10/15 | €1.09M | €1.06M | €1.02M | €973k | €1.06M | ▲ 8.5% |
| Contributions10/11 | €255k | - | €255k | €255k | €255k | = |
| Reserves13 | €827k | €799k | €761k | €718k | €801k | ▲ 11.5% |
| Non-distributable reserves130/1 | - | - | €38k | €38k | - | - |
| Reserves not available under the articles1311 | - | - | €38k | €38k | - | - |
| Distributable reserves133 | - | - | €724k | €681k | €801k | ▲ 17.7% |
| Profit (loss) carried forward14 | €5k | €5k | €5k | - | - | - |
| Amounts payable17/49 | €1.14M | €1.04M | €827k | €684k | €661k | ▼ 3.3% |
| Amounts payable after more than one year17 | €903k | €858k | €712k | €583k | €575k | ▼ 1.4% |
| Financial debts170/4 | - | - | €37k | €8k | - | - |
| Other amounts payable178/9 | - | - | €675k | €575k | €575k | = |
| Amounts payable within one year42/48 | €232k | €174k | €110k | €97k | €86k | ▼ 10.7% |
| Current portion of amounts payable after more than one year42 | - | - | €46k | €29k | €8k | ▼ 73.0% |
| Trade debts44 | €6k | €2k | €11k | €26k | €29k | ▲ 12.2% |
| Suppliers440/4 | - | - | €11k | €26k | €29k | ▲ 12.2% |
| Taxes, remuneration and social security45 | - | - | €15k | €17k | €25k | ▲ 47.7% |
| Taxes450/3 | - | - | €3k | €4k | €9k | ▲ 140% |
| Remuneration and social security454/9 | - | - | €12k | €13k | €16k | ▲ 21.3% |
| Other amounts payable47/48 | - | - | €40k | €25k | €25k | ▼ 0.7% |
| Accrued charges and deferred income492/3 | - | - | €4k | €4k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €28k | €19k | €-48k | €83k | ▲ 273% |
| + Depreciation and write-downs630 | €92k | €87k | €63k | €77k | €85k | ▲ 11.0% |
| Operating cash flow (approximation) | €108k | €115k | €82k | €29k | €168k | ▲ 482% |
| Investment in fixed assets (approximation) | - | €-95 | €-1k | €-112k | €-157k | ▼ 40.2% |
| Change in cash | - | €-338k | €-486k | €-19k | €-120k | ▼ 523% |
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
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 10 days late
2024
30-06
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
30-06
Financial
Equity above €1MEq €1.06M ▲8.5%
Equity rises from €973k to €1.06M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Menen · 1 establishment unit since 2008
Ground area
1,304 m²
Building footprint
234 m²
Volume, LiDAR
1,621 m³
2 parcels, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STARLETTE EN CO
since 20082.173.664.684
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E0994/00F021 | Flanders | 1,219 m² | 1 · 196 m² | 13.3 m · 2 fl. |
| 34027E0994/00E021 | Flanders | 85 m² | 1 · 38 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.173.664.684
Dual-learning approval
6 live approvals · 8 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Onthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 8 ended approvals
Verkoper (so)
Winkelbediende (so)
Commercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 14,006 companies in sector 56301 we hold annual accounts for 4,888. 1,184 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
Founded17-07-2008
Fiscal year end30-06
Activities, NACEBEL 2025
47260
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.