Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2024; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
HIGH STARS COMPANY from Gavere, company number BE0412951170, closed financial year 2024 with a result of € -1.9 million after tax. For that financial year HIGH STARS COMPANY recorded a gross margin of € 385,192 and equity of € -2.4 million. Compared with financial year 2023, the result moved from € -816,943 to € -1.9 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ -2.4 million
▼ € 1.9 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ 137 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,801
▲ € 1,457 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.5 million.
People and assets in 2024
1
▼ 0.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 77,306
▼ 20% vs 2023
€ 77,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 725
▼ 98% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 16.6 million
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 787,560
▲ 215% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 138,419
▲ 124% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 552,426 | € 2,609,044 | € 1,013,944 | € 385,192 | ▼ 62% |
| Profit after taxes | € -1,150,016 | € 935,805 | € -816,943 | € -1,934,482 | ▼ € 1.1 million |
| Equity | € -582,381 | € 353,424 | € -463,519 | € -2,402,376 | ▼ € 1.9 million |
| Total debts | € 33,641,484 | € 30,417,105 | € 31,210,149 | € 33,505,322 | ▲ 7% |
| Cash | € 49,045 | € 7,627 | € 344 | € 1,801 | ▲ € 1,457 |
| Land & buildings | € 28,827,354 | € 23,383,513 | € 22,567,320 | € 21,742,946 | ▼ 4% |
| Retained profit | € -3,722,445 | € -2,786,640 | € -3,603,584 | € -5,538,065 | ▼ € 1.9 million |
| Bank debt | € 20,981,560 | € 17,447,718 | € 16,663,427 | € 16,647,189 | |
| Balance sheet total | € 33,227,693 | € 30,931,091 | € 30,899,164 | € 31,247,452 | ▲ 1% |
| Employees (FTE) | 1.4 | 1.3 | 1.3 | 1 | ▼ 0.3 |
Key figures of HIGH STARS COMPANY, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HIGH STARS COMPANY?
What happened at HIGH STARS COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
HIGH STARS COMPANY is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- Eric Electeur became a director. NBB
- New establishment in Gavere. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million loss in 2021 to € 1.9 million loss in 2024.
Paid € 6,367 in corporate taxes since 2021.
Best year ever: 2022, with € 935,805 profit.
On average € 385,200 of value added per employee in 2024.
Management
The stake of SAKKA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HIGH STARS COMPANYBehind HIGH STARS COMPANY is Eric Electeur. The shares are held by SAKKA (24.9%).
Directors
According to the 2024 annual accounts
Eric Electeur
Director
Also active at: STUER CONTAINERDIENST, BRUCO TRANSPORT, Newmo Westerlo, ATELIER MILLEVACHES, Mels Ecologistic Services, Ela, ELA INVEST, BRUCO SUD +4 more
since 2025
Shareholders
24.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Burchtweg 7
9890 Gavere
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.951.170
- VAT number
- BE 0412.951.170
- Registered office
- Burchtweg 7, 9890 Gavere
- Names & denominations
- HIGH STARS COMPANY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 25 January 1973
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected]
- Activities · NACE
Handel in eigen onroerend goed