Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
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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
E STAR BELGIUM from Watermaal-Bosvoorde, company number BE0793643409, closed financial year 2025 with a result of € -193,399 after tax. For that financial year E STAR BELGIUM recorded a gross margin of € -141,642 and equity of € -515,010. Compared with financial year 2024, the result moved from € -163,319 to € -193,399. 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 26, 2026.
€ -515,010
▼ € 193,399 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -193,399
▼ 18 % more loss than in 2024
Profit after tax over the fiscal year.
€ 83,839
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -520,010.
Debts at end 2025
€ 224,355
▲ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 635,604
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,554
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -134,262 | € -90,233 | € -141,642 | ▼ € 51,410 |
| Profit after taxes | € -163,292 | € -163,319 | € -193,399 | ▼ € 30,080 |
| Equity | € -158,292 | € -321,611 | € -515,010 | ▼ € 193,399 |
| Total debts | € 579,723 | € 689,488 | € 864,513 | ▲ 25% |
| Cash | € 196,572 | € 130,740 | € 83,839 | ▼ 36% |
| Retained profit | € -163,292 | € -326,611 | € -520,010 | ▼ € 193,399 |
| Bank debt | € 260,154 | € 180,154 | € 224,355 | ▲ 25% |
| Balance sheet total | € 421,431 | € 367,877 | € 349,503 | ▼ 5% |
Key figures of E STAR BELGIUM, fiscal years 2023 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 E STAR BELGIUM?
What happened at E STAR BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 193,399. filed late Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Ertik FAHRETTIN GÜNALP became a director. NBB
- Pehlivan SADEM became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 163,292 loss in 2023 to € 193,399 loss in 2025.
A new publication or filing at E STAR BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind E STAR BELGIUM are Ertik FAHRETTIN GÜNALP and Pehlivan SADEM.
Directors
According to the 2025 annual accounts
Ertik FAHRETTIN GÜNALP
Director
since 2022
Pehlivan SADEM
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 166 box 25
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
All companies at this address →HLB LEGAL SERVICES
€ 8,327 gross margin · 2025
Glaverbel
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IM Ultrasonic Belgium
€ -11,018 gross margin · 2025
AGENCE ET PROMOTION IMMOBILIERES
€ 28,264 gross margin · 2025
+48 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0793.643.409
- VAT number
- BE 0793.643.409
- Registered office
- Terhulpsesteenweg 166 bus 25, 1170 Watermaal-Bosvoorde
- Names & denominations
- E STAR BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 2022
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van cacao, chocolade en suikerwerk
Overige niet-gespecialiseerde detailhandel
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Groothandel in suiker, chocolade en suikerwerk
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Detailhandel via postorderbedrijven of via internet
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