ACTIVE

YAELSTAR

Export PDF

Financial year 2025 · closed on 31/03/2025

Net result

41 k €

+104.9% YoY

Revenue

2,7 M €

-85.2% YoY

Equity

75,3 M €

+0.1% YoY

Workforce

3,9 ETP

-2.5% YoY

What does YAELSTAR do?

YAELSTAR is a Private limited company incorporated in 1992. Its registered office is in Antwerpen. It employs on average 3,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.419.023

Incorporation

16/10/1992

Legal form

Private limited company

Registered office

Hoveniersstraat 30 box 154
2018 Antwerpen · FlandreSee on map

Contributed capital

27 957 314,00 €

Latest accounts

31/03/2025

Average workforce

3,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2019		2018		2017		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	2,7 M €	-85.2%	18,1 M €	-66.1%	53,5 M €	-52.5%	112,7 M €	-42.6%	196,1 M €	-6.7%	210,3 M €	-24.7%	279,3 M €	-27.5%	385,2 M €	+104%	188,5 M €	+2.3%	184,3 M €	-24.5%	244,3 M €	+0.4%	243,3 M €	+54.2%	157,8 M €	-5.4%	166,8 M €	-0.0%	166,9 M €
EBITDA	89,3 k €	+110%	-855,6 k €	-127%	3,2 M €	-69.4%	10,5 M €	+42.0%	7,4 M €	-11.2%	8,3 M €	-38.5%	13,5 M €	+1082%	1,1 M €	+40.3%	814,5 k €	+0.0%	814,3 k €	-11.4%	918,9 k €	+3.8%	885,1 k €	+28.5%	689 k €	-45.1%	1,3 M €	+13.2%	1,1 M €
Operating result	40 k €	+104%	-960,8 k €	-131%	3,1 M €	-70.0%	10,4 M €	+42.8%	7,3 M €	-9.8%	8,1 M €	-39.2%	13,2 M €	+1530%	812,7 k €	+30.3%	623,8 k €	+2.4%	609,2 k €	-17.3%	736,7 k €	+8.3%	680,2 k €	+42.5%	477,4 k €	-55.6%	1,1 M €	-4.7%	1,1 M €
Net result	41 k €	+105%	-832,5 k €	-131%	2,7 M €	-72.2%	9,7 M €	+81.0%	5,3 M €	-15.7%	6,3 M €	-40.4%	10,6 M €	+3753%	275,6 k €	+79.4%	153,7 k €	-16.1%	183,2 k €	-4.9%	192,6 k €	-11.5%	217,6 k €	+78.2%	122,2 k €	-5.5%	129,2 k €	-21.5%	164,7 k €
Balance sheet
Equity	75,3 M €	+0.1%	75,2 M €	-1.1%	76,1 M €	+3.7%	73,4 M €	+37.9%	53,2 M €	+11.1%	47,9 M €	+15.1%	41,6 M €	+35.2%	30,8 M €	+39.2%	22,1 M €	+0.7%	22 M €	+0.8%	21,8 M €	+0.9%	21,6 M €	+1.0%	21,4 M €	+0.6%	21,2 M €	+0.6%	21,1 M €
Total assets	77,8 M €	-0.1%	77,9 M €	-3.9%	81 M €	+2.0%	79,5 M €	+1.3%	78,4 M €	-21.5%	99,9 M €	+27.9%	78,1 M €	-30.1%	111,7 M €	+98.0%	56,4 M €	-3.9%	58,7 M €	-16.1%	69,9 M €	+64.8%	42,4 M €	+5.0%	40,4 M €	-14.6%	47,4 M €	+1.0%	46,9 M €
Cash	2,3 M €	-29.6%	3,3 M €	-63.7%	9 M €	+1445%	583,8 k €	-25.6%	784,4 k €	-76.1%	3,3 M €	-33.0%	4,9 M €	-44.1%	8,8 M €	+2985%	284,4 k €	+151%	113,4 k €	-21.5%	144,4 k €	-79.8%	715,6 k €	-79.5%	3,5 M €	+710%	431,9 k €	+121%	195,4 k €
Debts	2,5 M €	-4.3%	2,6 M €	-47.3%	5 M €	-18.1%	6,1 M €	-75.9%	25,2 M €	-51.4%	51,9 M €	+43.8%	36,1 M €	-55.4%	80,9 M €	+136%	34,3 M €	-6.6%	36,7 M €	-23.8%	48,1 M €	+131%	20,8 M €	+9.4%	19,1 M €	-27.0%	26,1 M €	+1.3%	25,8 M €
Other
Workforce	3,9 ETP	-2.5%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-7.0%	4,3 ETP	+7.5%	4,0 ETP	+21.2%	3,3 ETP	+13.8%	2,9 ETP	-3.3%	3,0 ETP	+36.4%	2,2 ETP	0.0%	2,2 ETP	-42.1%	3,8 ETP	-2.6%	3,9 ETP	+62.5%	2,4 ETP	-4.0%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2013 · 2 active · 1 ended

Active mandates

JITENDRAKUMAR BABULAL SHAH

Manager

Active

MITEN JITENDRAKUMAR SHAH

Manager

Active

Ended mandates

JITENDRAKUMAR BABULAL SHAH

Manager · since 01 octobre 2008

Ended

At this address

Other companies at this address

Company	CBE no.
AAA INVESTMENTS● Active	0724.613.061
AADI● Active	0837.033.289
AAROHI DIAMONDS● Bankrupt	0429.469.280
AAYNA DIAM● Active	0783.694.276
ABBOUD DIAMONDS ANTWERP● Active	0688.810.163
ABHIDIMON● Active	0459.870.763
A.C. DIAM● Active	0460.264.802
ADIAM● Active	0429.050.202
AFRICAN STAR● Active	0467.014.418
AJARI GEMS● Active	0461.487.891
ALISAR GEMS● Active	0478.360.547
ALLURE DIAM● Active	0882.360.005
ALMAZ● Active	0452.157.679
ALWODA● Active	0477.513.578
Amaar Jewels● Active	1029.141.789
AMIRA-AYA● Active	0458.471.191
ARHAAN DIAM● Active	0834.846.435
Arhaan Jewels● Active	0639.944.830
ARHAM DIAMONDS● Active	0544.505.639
ARKOT DIAMONDS● Active	0830.908.730

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/09/2025	03/10/2024	19/10/2023	13/10/2022	29/11/2021	27/11/2020
General meeting	25/09/2025	25/09/2024	30/09/2023	26/09/2022	18/10/2021	30/10/2020
Currency of the financial year	USD	USD	USD	USD	USD	USD
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	25/09/2025	26/09/2025	Dutch	PDF
Full model	31/03/2024	25/09/2024	03/10/2024	Dutch	PDF
Full model	31/03/2023	30/09/2023	19/10/2023	Dutch	PDF
Full model	31/03/2022	26/09/2022	13/10/2022	Dutch	PDF
Full model	31/03/2021	18/10/2021	29/11/2021	Dutch	PDF
Full model	31/03/2020	30/10/2020	27/11/2020	Dutch	PDF
Full model	31/03/2019	25/09/2019	18/11/2019	Dutch	PDF
Full model	31/03/2018	25/09/2018	04/10/2018	Dutch	PDF
Full model	31/03/2017	25/09/2017	27/09/2017	Dutch	PDF
Full model	31/03/2016	26/09/2016	26/09/2016	Dutch	PDF
Full model	31/03/2015	25/09/2015	28/09/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	19/07/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	26/07/2012	01/08/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	03/08/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	28/09/2009	07/10/2009	Dutch	PDF
Full modelCorrection	31/12/2007	16/06/2008	22/10/2008	Dutch	PDF
Full model	31/12/2007	16/06/2008	31/07/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2013 · 2 active · 1 ended

Active mandates

JITENDRAKUMAR BABULAL SHAH

Manager

Active

MITEN JITENDRAKUMAR SHAH

Manager

Active

Ended mandates

JITENDRAKUMAR BABULAL SHAH

Manager · since 01 octobre 2008

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2014
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/05/2014
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/03/2012
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202541 k €↑
2024
Annual accounts 2024-832,5 k €↓
01/01/2024
reconductionFigurad Bedrijfsrevisoren — commissaris
2023
Annual accounts 20232,7 M €↓
2022
Annual accounts 20229,7 M €↑
2019
Annual accounts 20195,3 M €↓
2018
Annual accounts 20186,3 M €↓
2017
Annual accounts 201710,6 M €↑
2015
Annual accounts 2015275,6 k €↑
2015
Name changeYAELSTAR
2013
Annual accounts 2013153,7 k €↓
2012
Annual accounts 2012183,2 k €↓
2011
Annual accounts 2011192,6 k €↓
2010
Annual accounts 2010217,6 k €↑
2009
Annual accounts 2009122,2 k €↓
2008
Annual accounts 2008129,2 k €↓
2007
Annual accounts 2007164,7 k €
2007
Name changeYAEL STAR
16/10/1992
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

YAELSTAR

Overview

What does YAELSTAR do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline