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 €85k and a net result of €-32k.
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 →
Checked, nothing found (1)
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
€-32k▲ 52.4%
2020 · €-67k
2018: €120k
2019: €71k
2020: €-67k
2018 → 2021
Working capital
€84k▼ 34.8%
2020 · €129k
2018: €104k
2019: €175k
2020: €129k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€141k-€184k▲ 30.6%€117k▼ 36.3%€85k▼ 27.1%
Operating result€172k-€97k▼ 43.6%€-64k€-28k▲ 56.8%
Net result€120k-€71k▼ 41.0%€-67k€-32k▲ 52.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2021 against €64k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €503k
Fixed assets
€2k ▼ 59.7%
Current assets
€501k ▲ 54.6%
Equity and liabilities €503k
Equity
€85k ▼ 27.1%
Debt
€418k ▲ 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
€-25k▲
2020 · €-59k
Cash flow
€-30k▲
2020 · €-62k
Current ratio
1.20▼
2020 · 1.66
Debt to equity
4.89▲
2020 · 1.80
ROE
-37.2%▲
2020 · -56.9%
ROA
-6.3%▲
2020 · -20.3%
Interest coverage
-6.05▲
2020 · -20.12
Debt ≤ 1 year
€418k▲
2020 · €196k
Staff costs
€111k▲
2020 · €93k
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 · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€328k€503k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€2k-
Plant, machinery and equipment23€2k-
Furniture and vehicles24€675-
Financial fixed assets28€2k€2k=
Current assets29/58€324k€501k▲
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€287k€345k▲
Trade receivables40€207€69k▲
Other amounts receivable41€287k€276k▼
Cash at bank and in hand54/58€35k€156k▲
Equity and liabilities
Total equity and liabilities10/49€328k€503k▲
Equity10/15€117k€85k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€97k€65k▼
Amounts payable17/49€211k€418k▲
Amounts payable within one year42/48€196k€418k▲
Trade debts44€142k€333k▲
Suppliers440/4€142k€333k▲
Taxes, remuneration and social security45€53k€83k▲
Taxes450/3€35k€77k▲
Remuneration and social security454/9€18k€6k▼
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€15k-
Income statement
Code20202021
Remuneration, social security and pensions62€93k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Gross operating margin9900€34k€85k▲
Operating profit (loss)9901€-64k€-28k▲
Financial income75/76B€164€10▼
Recurring financial income75€164€10▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-67k€-32k▲
Profit (loss) for the period9904€-67k€-32k▲
Profit (loss) for the period to be appropriated9905€-67k€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€65k▼
Profit (loss) brought forward from the previous period14P€163k€97k▼
Social balance
Average headcount (FTE)90876.0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
02-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TRUESTAR BELGIUM BV DRUKPERSSTRAAT 4, 1000 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 €-67k ▼194%
Net result drops to €-67k, 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 €150kEq €184k ▲30.6%
2 profitable years in a row build equity to €184k.
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.
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
1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
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.
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
Methodology
via registered seat: 1
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 |
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Of 355 companies in sector 52249 we hold annual accounts for 266. 137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.