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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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STAR PLUS from Middelkerke, company number BE0458778920, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year STAR PLUS recorded a gross margin of € 1.3 million and equity of € 361,254. Compared with financial year 2024, the result moved from € 32,318 to € 1.1 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2025.
€ 361,254
▲ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ € 1 million vs 2024
Profit after tax over the fiscal year.
€ 28,238
▲ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -144,954.
People and assets in 2025
2.3
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 142,487
▲ 27% vs 2024
€ 62,000 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.
Debts at end 2025
€ 965,817
▲ 132% vs 2024
€ 99,550 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 259,407
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 113,968
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 244,680 | € 187,218 | € 171,550 | € 1,290,353 | ▲ € 1.1 million |
| Profit after taxes | € 59,043 | € 41,915 | € 32,318 | € 1,066,439 | ▲ € 1 million |
| Equity | € -779,418 | € -737,503 | € -705,185 | € 361,254 | ▲ € 1.1 million |
| Total debts | € 1,887,465 | € 1,877,326 | € 1,773,292 | € 1,968,358 | ▲ 11% |
| Cash | € 26,417 | € 29,054 | € 15,739 | € 28,238 | ▲ 79% |
| Land & buildings | - | - | - | € 1,950,406 | |
| Retained profit | € -1,285,626 | € -1,243,711 | € -1,211,393 | € -144,954 | ▲ € 1.1 million |
| Bank debt | € 492,770 | € 550,510 | € 415,514 | € 965,817 | ▲ 132% |
| Balance sheet total | € 1,108,047 | € 1,139,823 | € 1,068,107 | € 2,329,612 | ▲ 118% |
| Employees (FTE) | 3 | 2.1 | 2 | 2.3 | ▲ 0.3 |
Key figures of STAR PLUS, 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 October 2026.
What happened to STAR PLUS?
What happened at STAR PLUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ € 1 million vs 2024). Source: NBB ↗
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,043 profit in 2022 to € 1.1 million profit in 2025.
Paid € 7,282 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
On average € 561,000 of value added per employee in 2025.
Management
The stake of ELEKTRO - WEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STAR PLUSBehind STAR PLUS is Peter Dansercoer. The shares are held by ELEKTRO - WEST (32.7%).
Directors
According to the 2025 annual accounts
Shareholders
32.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lisdoddenstraat 13
8430 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0458.778.920
- VAT number
- BE 0458.778.920
- Registered office
- Lisdoddenstraat 13, 8430 Middelkerke
- Names & denominations
- STAR PLUS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1996
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- starplus.be [email protected] 059/30.54.56
- Activities · NACE
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