STARTUP FACTORY
ActiveSummary
The annual accounts of STARTUP FACTORY for financial year 2025 show a net loss of 62% of total assets and of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €83,923 and a net result of -€274,687. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 22% of 10,818 sector peers (NACE 70, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 14-10-2015 Normal situation
- Registered office
- 76 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Joint committees
- 112 Paritair Comité voor het garagebedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2021
- Establishment unit
- 2.248.358.644 1000 Brussel, since 01-11-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Board and ownership
Board
- BOTREX SRLDirector · since 15-12-2025 · permanent representative Baudoin de Troostembergh
- Olivier CouneDirector · since 15-12-2025
- Raphaël HalberthalDirector · since 15-12-2025
Shareholders
- Baudouin DE TROOSTEMBERGHannual accounts 2019
- BRUSTARTannual accounts 2019
- COFINPAR· score 93annual accounts 2019
- Holdings
- Shares in 12 companies including BOARD FACTORY and Whelp
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- -€12,823
- ▼ 100%
- Loss
- €274,687
- ▲ 334%
- Equity
- €83,923
- ▼ 76.6%
- Total assets
- €439,606
- ▼ 38.0%
Net result -334%: other schema
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €274,687, the second in a row (financial year 2025)lowers riskSize: total assets €439,606Sector: Activities of head offices; management consultancy activities (NACE 70)Legal form: public limited companyShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 12% of micro companies in head offices and management consultancy (NACE 70)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
44-32
equity 19.1% of total assets
Liquidity
30+3
short-term debt 65.8% · cash 12.0%
Profitability
0-8
return on assets -62.5%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.3%▼ -0.1 percentage points vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.4%▼ -0.2 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €4,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.75 (0.37 in 2024), below 1. Short-term debt is 65.8% and cash 12% of total assets. 80.9% of the assets are financed with debt and provisions.
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 70, micro). It does better than 23% of them on solvency, 13% on liquidity, 4% on profitability and 8% 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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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€274,687
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10818 sector peers (2025).
NBB · sector comparisonPosition among 10818 sector peers
Solvency
better than 22%
← weakest
strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
29 days late
2023
6 days late
2022
51 days late
2021
73 days late
2020
5 days late
2019
94 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Caution: Result fell in 2025different schema filed ▼ 334% View
- Caution: Lower net result than 95% of companies in head offices and management consultancysector median €37,637 · 10,818 companies -€274,687 View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€274,687 View
- Heads a groupcompanies controlled 3 View
Recent changes
- · Gazette deed 3 reappointedReappointments: Olivier Coune, BOTREX SRL and Raphaël Halberthal · Permanent representative: Baudoin de Troostembergh
- · Gazette deed Incorporation
Companies linked to STARTUP FACTORY
Subsidiaries and holdings
- IMAGINE EUROPE72.79%
- SOCIALCOM39.5%
- Kastl26.59%
- Colive19.85%
- Smovin16.46%
- Foodiz Corp.15.97%
- COACH-INVEST.COM15.59%
- Fishtripr12.53%
Comparable companies
These companies have the same main activity as STARTUP FACTORY: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €411,000 and €499,000, founded between 2014 and 2015.
| Company | Total assets | Gross margin |
|---|---|---|
| STARTUP FACTORY Brussel | €439,606 | -€12,823 |
| BSH Consulting Brussel | €498,747 | -€43,629 |
| AHALI PARTNERS Vorst | €449,714 | -€13,283 |
| SED CONSULTANTS GLOBAL EEIG Sint-Lambrechts-Woluwe | €496,732 | -€33,502 |
| KEYTEO Elsene | €410,852 | -€142,226 |
| GROEIBELG Etterbeek | €456,206 | -€5,336 |
| LABSCAPE STUDIO Elsene | €490,994 | -€8,639 |
Key facts about STARTUP FACTORY
- What is the company number of STARTUP FACTORY?
- The company number of STARTUP FACTORY is 0640.934.131. The VAT number is the same number with BE in front: BE 0640.934.131.
- Where is STARTUP FACTORY based?
- The registered office is at Kantersteen 10/12, 1000 Brussel.Company details
- What does STARTUP FACTORY do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of STARTUP FACTORY?
- The legal form of STARTUP FACTORY is Public limited company (NV).
- When was STARTUP FACTORY founded?
- STARTUP FACTORY was founded on 14-10-2015.
- Is STARTUP FACTORY still active?
- Yes, STARTUP FACTORY is an active enterprise in the KBO register.
- How many employees does STARTUP FACTORY have?
- STARTUP FACTORY had an average of 0.8 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does STARTUP FACTORY fall under?
- In its 2021 annual accounts, STARTUP FACTORY states joint committees 112 (Paritair Comité voor het garagebedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of STARTUP FACTORY?
- The annual accounts for financial year 2025 state no turnover.
- Is STARTUP FACTORY profitable?
- In financial year 2025, STARTUP FACTORY made a loss of €274,687.
- Where can I find the annual accounts of STARTUP FACTORY?
- STARTUP FACTORY filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STARTUP FACTORY due?
- STARTUP FACTORY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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