START2S
ActiveSummary
START2S has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301k and a net result of €6k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-31
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 64.98 against 5.04 in 2024; short-term debt: 1.5% and cash: 30.6% of total assets), and 1.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.5%
Return on assets
1.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
7 d late
2023
14 d late
2022
21 d late
2021
9 d late
2020
4 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€301k▲ 1.6%
2024 · €296k
2018: €68klowest in 8 years
2019: €130k▲ +89.9% vs 2018
2020: €170k▲ +31.1% vs 2019
2021: €224k▲ +31.7% vs 2020
2022: €285k▲ +27.3% vs 2021
2023: €332k▲ +16.3% vs 2022highest in 8 years
2024: €296k▼ -10.8% vs 2023
2025: €301k▲ +1.6% vs 2024
2018 → 2025
Total assets
€305k▼ 16.6%
2024 · €366k
2018: €80klowest in 8 years
2019: €142k▲ +77.4% vs 2018
2020: €181k▲ +27.8% vs 2019
2021: €230k▲ +27.0% vs 2020
2022: €297k▲ +29.2% vs 2021
2023: €338k▲ +13.9% vs 2022
2024: €366k▲ +8.3% vs 2023highest in 8 years
2025: €305k▼ -16.6% vs 2024
2018 → 2025
Net result
€6k▼ 91.5%
2024 · €66k
2018: €41k
2019: €62k▲ +50.4% vs 2018
2020: €41k▼ -33.8% vs 2019
2021: €55k▲ +33.1% vs 2020
2022: €62k▲ +13.0% vs 2021
2023: €57k▼ -7.3% vs 2022
2024: €66k▲ +15.8% vs 2023highest in 8 years
2025: €6k▼ -91.5% vs 2024lowest in 8 years
2018 → 2025
Working capital
€299k▲ 5.1%
2024 · €284k
2018: €57klowest in 8 years
2019: €123k▲ +114% vs 2018
2020: €164k▲ +33.2% vs 2019
2021: €219k▲ +33.4% vs 2020
2022: €252k▲ +15.3% vs 2021
2023: €310k▲ +23.0% vs 2022highest in 8 years
2024: €284k▼ -8.2% vs 2023
2025: €299k▲ +5.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€285k▲ 27.3%€332k▲ 16.3%€296k▼ 10.8%€301k▲ 1.6%
2021: €224klowest in 5 years
2022: €285k▲ +27.3% vs 2021
2023: €332k▲ +16.3% vs 2022highest in 5 years
2024: €296k▼ -10.8% vs 2023
2025: €301k▲ +1.6% vs 2024
Operating result€75k-€83k▲ 10.5%€84k▲ 1.0%€95k▲ 13.8%€13k▼ 86.5%
2021: €75k
2022: €83k▲ +10.5% vs 2021
2023: €84k▲ +1.0% vs 2022
2024: €95k▲ +13.8% vs 2023highest in 5 years
2025: €13k▼ -86.5% vs 2024lowest in 5 years
Net result€55k-€62k▲ 13.0%€57k▼ 7.3%€66k▲ 15.8%€6k▼ 91.5%
2021: €55k
2022: €62k▲ +13.0% vs 2021
2023: €57k▼ -7.3% vs 2022
2024: €66k▲ +15.8% vs 2023highest in 5 years
2025: €6k▼ -91.5% vs 2024lowest in 5 years
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 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305k
Fixed assets
€2k ▼ 85.9%
Current assets
€304k ▼ 14.4%
Equity and liabilities €305k
Equity
€301k ▲ 1.6%
Debt
€5k ▼ 93.4%
Debt's share of the balance-sheet total falls from 19.2% to 1.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2024 · €106k
Cash flow
€15k▼
2024 · €77k
Current ratio
64.98▲
2024 · 5.04
Debt to equity
0.02▼
2024 · 0.24
ROE
1.9%▼
2024 · 22.5%
ROA
1.8%▼
2024 · 18.1%
Interest coverage
4.73▼
2024 · 26.51
Debt ≤ 1 year
€5k▼
2024 · €70k
Income taxes
€2k▼
2024 · €25k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€366k€305k▼
Fixed assets21/28€11k€2k▼
Tangible fixed assets22/27€11k€2k▼
Furniture and vehicles24€11k€2k▼
Current assets29/58€355k€304k▼
Amounts receivable within one year40/41€36k€10k▼
Trade receivables40€35k€844▼
Other amounts receivable41€739€9k▲
Current investments50/53€645€201k▲
Cash at bank and in hand54/58€316k€93k▼
Deferred charges and accrued income490/1€2k€229▼
Equity and liabilities
Total equity and liabilities10/49€366k€305k▼
Equity10/15€296k€301k▲
Contributions10/11€6k€6k=
Reserves13€289k€294k▲
Tax-exempt reserves132€10k€10k=
Distributable reserves133€280k€285k▲
Profit (loss) carried forward14€301€304▲
Amounts payable17/49€70k€5k▼
Amounts payable within one year42/48€70k€5k▼
Trade debts44€3k€542▼
Suppliers440/4€3k€542▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9-€18
Other amounts payable47/48€60k-
Income statement
Code20242025
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€163-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€15k€7k▼
Gross operating margin9900€120k€29k▼
Operating profit (loss)9901€95k€13k▼
Financial income75/76B€302-
Recurring financial income75€302-
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€92k€8k▼
Income taxes67/77€25k€2k▼
Profit (loss) for the period9904€66k€6k▼
Profit (loss) for the period to be appropriated9905€66k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€6k▼
Profit (loss) brought forward from the previous period14P€300€301▲
Transfer from equity791/2€102k-
Transfer to equity691/2€66k€5k▼
To other reserves6921€66k€5k▼
Profit to be distributed694/7€102k€833▼
Return on contributions (dividend)694€102k€833▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6k | - | - |
| Remuneration, social security and pensions62 | €4k | €187 | €160 | €163 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €10k | €13k | €10k | €10k | ▼ 5.0% |
| Other operating charges640/8 | €1k | €2k | €841 | €15k | €7k | ▼ 55.4% |
| Gross operating margin9900 | €84k | €95k | €97k | €120k | €29k | ▼ 75.7% |
| Operating profit (loss)9901 | €75k | €83k | €84k | €95k | €13k | ▼ 86.5% |
| Financial income75/76B | €588 | €4k | €777 | €302 | - | - |
| Recurring financial income75 | €588 | €4k | €777 | €302 | - | - |
| Financial charges65/66B | €102 | €1k | €5k | €4k | €5k | ▲ 20.7% |
| Recurring financial charges65 | €102 | €1k | €5k | €4k | €5k | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €75k | €85k | €80k | €92k | €8k | ▼ 91.2% |
| Income taxes67/77 | €21k | €24k | €22k | €25k | €2k | ▼ 90.1% |
| Profit (loss) for the period9904 | €55k | €62k | €57k | €66k | €6k | ▼ 91.5% |
| Profit (loss) for the period to be appropriated9905 | €55k | €62k | €57k | €66k | €6k | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230k | €297k | €338k | €366k | €305k | ▼ 16.6% |
| Fixed assets21/28 | €6k | €33k | €22k | €11k | €2k | ▼ 85.9% |
| Tangible fixed assets22/27 | €6k | €33k | €22k | €11k | €2k | ▼ 85.9% |
| Furniture and vehicles24 | €6k | €33k | €22k | €11k | €2k | ▼ 85.9% |
| Current assets29/58 | €224k | €264k | €316k | €355k | €304k | ▼ 14.4% |
| Amounts receivable within one year40/41 | €10k | €28k | €16k | €36k | €10k | ▼ 73.7% |
| Trade receivables40 | €9k | €27k | €15k | €35k | €844 | ▼ 97.6% |
| Other amounts receivable41 | €1k | €1k | €1k | €739 | €9k | ▲ 1,074% |
| Current investments50/53 | - | - | €645 | €645 | €201k | ▲ 31,029% |
| Cash at bank and in hand54/58 | €212k | €233k | €297k | €316k | €93k | ▼ 70.4% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €229 | ▼ 90.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230k | €297k | €338k | €366k | €305k | ▼ 16.6% |
| Equity10/15 | €224k | €285k | €332k | €296k | €301k | ▲ 1.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €218k | €279k | €325k | €289k | €294k | ▲ 1.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €10k | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | €206k | €267k | €316k | €280k | €285k | ▲ 1.7% |
| Profit (loss) carried forward14 | €134 | €231 | €300 | €301 | €304 | ▲ 1.1% |
| Amounts payable17/49 | €6k | €12k | €6k | €70k | €5k | ▼ 93.4% |
| Amounts payable within one year42/48 | €6k | €12k | €6k | €70k | €5k | ▼ 93.4% |
| Trade debts44 | - | €3k | €2k | €3k | €542 | ▼ 83.5% |
| Suppliers440/4 | - | €3k | €2k | €3k | €542 | ▼ 83.5% |
| Taxes, remuneration and social security45 | €5k | €8k | €4k | €7k | €4k | ▼ 44.7% |
| Taxes450/3 | €5k | €8k | €4k | €7k | €4k | ▼ 44.9% |
| Remuneration and social security454/9 | - | - | - | - | €18 | - |
| Other amounts payable47/48 | €663 | €663 | €697 | €60k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €62k | €57k | €66k | €6k | ▼ 91.5% |
| + Depreciation and write-downs630 | €4k | €10k | €13k | €10k | €10k | ▼ 5.0% |
| Operating cash flow (approximation) | €58k | €72k | €70k | €77k | €15k | ▼ 79.9% |
| Investment in fixed assets (approximation) | - | €-38k | €-1k | €0 | €0 | - |
| Change in cash | - | €21k | €64k | €18k | €-222k | ▼ 1,313% |
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
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €6k ▼91.5%
Net result drops to €6k, the lowest in the series.
31-12
Financial
Liquidity times 13current ratio 64.98
Current ratio from 5.04 to 64.98; short-term debt falls from €70k to €5k.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Highest result since 2018net €66k ▲15.8%
Operating result €95k, net result €66k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 50.21
Current ratio from 22.89 to 50.21; short-term debt falls from €12k to €6k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 40.14
Current ratio from 16.16 to 40.14; short-term debt falls from €11k to €6k.
31-12
Financial
Equity above €200kEq €224k ▲31.7%
4 profitable years in a row build equity to €224k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Equity above €150kEq €170k ▲31.1%
3 profitable years in a row build equity to €170k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €100kEq €130k ▲89.9%
2 profitable years in a row build equity to €130k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ath · 1 establishment unit since 2017
Ground area
919 m²
Building footprint
123 m²
Parcel 51042B0154/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
START2S
since 20172.264.749.466
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51042B0154/00W000 | Wallonia | 919 m² | 1 · 123 m² | - |
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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 13,731 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
Founded10-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.