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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
STARBUL - INVEST from Knokke-Heist, company number BE0438913221, closed financial year 2025 with a result of € -24,166 after tax. For that financial year STARBUL - INVEST recorded a gross margin of € -9,180 and equity of € 645,309. Compared with financial year 2024, the result moved from € 87,729 to € -24,166. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 645,309
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,166
▼ still € 87,729 profit in 2024
Profit after tax over the fiscal year.
€ 280,240
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 574,703.
People and assets in 2025
€ 20,244
▲ € 19,262 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,855
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,820
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 318,090 | € 97,537 | € 188,808 | € -9,180 | ▼ € 197,989 |
| Profit after taxes | € 207,308 | € 45,434 | € 87,729 | € -24,166 | ▼ € 111,895 |
| Equity | € 536,312 | € 581,746 | € 669,475 | € 645,309 | ▼ 4% |
| Total debts | € 217,348 | € 839,935 | € 132,195 | € 120,526 | ▼ 9% |
| Cash | € 418,914 | € 314,270 | € 434,063 | € 280,240 | ▼ 35% |
| Land & buildings | € 332,846 | € 1,103,879 | € 138,036 | € 131,984 | ▼ 4% |
| Retained profit | € 465,707 | € 511,140 | € 598,869 | € 574,703 | ▼ 4% |
| Bank debt | € 0 | € 615,000 | € 0 | € 0 | |
| Balance sheet total | € 756,879 | € 1,421,681 | € 801,670 | € 765,835 | ▼ 4% |
Key figures of STARBUL - INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to STARBUL - INVEST?
What happened at STARBUL - INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier Bulteel stepped down as director. NBB
- Patrick Bulteel stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 24,166 (▼ € 111,895 vs 2024). Source: NBB ↗
- Patrick Bulteel became a director. NBB
- Olivier Bulteel became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 207,308 profit in 2022 to € 24,166 loss in 2025.
Paid € 149,666 in corporate taxes since 2022.
Best year ever: 2022, with € 207,308 profit.
Management
Establishments
Establishment units
Physical locations of this company
Kalfhoek 5
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0438.913.221
- VAT number
- BE 0438.913.221
- Registered office
- Kalfhoek 5, 8300 Knokke-Heist
- Names & denominations
- STARBUL - INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 1989
- Peppol
- Not registered