ACTIVE

STAR CAR

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Financial year 2025 · closed on 31/12/2025

Net result

15,4 k €

-18.0% YoY

Gross margin

-18,1 k €

-10.1% YoY

Equity

1,6 M €

-9.6% YoY

What does STAR CAR do?

STAR CAR is a Public limited company incorporated in 1993. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.847.477

Incorporation

30/12/1993

Legal form

Public limited company

Registered office

Ankerrui 20 box 32
2000 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-18,1 k €	-10.1%	-16,5 k €	-398%	5,5 k €	-98.9%	496,7 k €	+16.3%	427,1 k €	+69.0%	252,8 k €	-41.0%	428,2 k €	+17.0%	366 k €	-20.5%	460,4 k €	+40.1%	328,8 k €	+283%	85,9 k €	-30.9%	124,4 k €	+972%	11,6 k €	-90.4%	121,5 k €	+11.5%	109 k €	+4.1%	104,7 k €	-20.6%	131,9 k €	+2.2%	129,1 k €	-1.4%	130,9 k €	-2.4%	134,2 k €
EBITDA	-20,5 k €	+21.6%	-26,1 k €	+83.4%	-157,9 k €	-162%	253,5 k €	+19.6%	211,9 k €	+297%	53,4 k €	-72.8%	196,6 k €	+35.2%	145,4 k €	-38.9%	237,9 k €	+42.0%	167,6 k €	+108%	80,6 k €	-32.8%	119,9 k €	+1256%	8,8 k €	-92.6%	119,7 k €	+12.5%	106,4 k €	+2.9%	103,4 k €	-20.2%	129,5 k €	+2.1%	126,9 k €	-1.5%	128,8 k €	-2.3%	131,8 k €
Operating result	-20,9 k €	+21.8%	-26,8 k €	+84.4%	-171,9 k €	-172%	238,1 k €	+71.6%	138,7 k €	+850%	-18,5 k €	-116%	114,1 k €	+547%	17,6 k €	-74.8%	70,1 k €	+1.2%	69,2 k €	+245%	20 k €	-54.1%	43,6 k €	+181%	-53,6 k €	-194%	57,3 k €	+29.6%	44,2 k €	+4.5%	42,3 k €	-60.9%	108,1 k €	-1.1%	109,3 k €	+0.7%	108,5 k €	-2.1%	110,8 k €
Net result	15,4 k €	-18.0%	18,8 k €	-96.3%	506 k €	+133%	217,2 k €	+141%	90,1 k €	+1022%	-9,8 k €	-112%	81,7 k €	+288%	21 k €	-53.2%	44,9 k €	-70.0%	150 k €	-8.9%	164,5 k €	+192%	56,4 k €	-94.4%	1 M €	+2151%	44,6 k €	-38.4%	72,4 k €	-57.4%	169,8 k €	+13.5%	149,6 k €	-12.0%	170 k €	+516%	27,6 k €	-50.9%	56,3 k €
Balance sheet
Equity	1,6 M €	-9.6%	1,7 M €	-0.7%	1,7 M €	+34.6%	1,3 M €	-37.8%	2,1 M €	+1.6%	2 M €	-0.5%	2,1 M €	+3.6%	2 M €	-11.2%	2,2 M €	+2.1%	2,2 M €	+7.1%	2 M €	+8.8%	1,9 M €	+21.0%	1,6 M €	+78.8%	867,3 k €	+5.4%	822,7 k €	+9.6%	750,3 k €	+29.2%	580,6 k €	+34.7%	431 k €	+65.2%	260,9 k €	+11.8%	233,3 k €
Total assets	1,6 M €	-9.6%	1,7 M €	-3.4%	1,8 M €	+26.3%	1,4 M €	-39.1%	2,3 M €	+1.4%	2,3 M €	-4.1%	2,4 M €	-6.6%	2,6 M €	-3.9%	2,7 M €	+0.0%	2,7 M €	+8.5%	2,5 M €	+7.2%	2,3 M €	+17.0%	2 M €	+87.6%	1 M €	-1.1%	1,1 M €	+2.1%	1 M €	+11.7%	925,6 k €	+11.8%	828 k €	-2.6%	850,1 k €	+1.2%	840 k €
Cash	73,3 k €	+200%	24,5 k €	-81.6%	133,2 k €	-68.5%	422,3 k €	-45.8%	779 k €	+26.1%	617,5 k €	+9.1%	565,8 k €	-0.7%	570 k €	-7.2%	614,3 k €	-33.0%	917 k €	+21.5%	754,7 k €	+243%	219,7 k €	+12.9%	194,6 k €	+65.3%	117,7 k €	+44.7%	81,3 k €	+638%	11 k €	-88.4%	95,1 k €	+203%	31,4 k €	+142%	12,9 k €	-37.5%	20,7 k €
Debts	1,5 k €	-23.4%	2 k €	-96.0%	50,8 k €	-59.6%	125,8 k €	-39.1%	206,6 k €	+1.9%	202,8 k €	-29.4%	287,2 k €	-45.0%	521,8 k €	+40.4%	371,6 k €	-9.0%	408,5 k €	+21.2%	337,1 k €	-18.6%	414,3 k €	+1.5%	408 k €	+131%	176,7 k €	-24.1%	232,9 k €	-17.8%	283,4 k €	-17.9%	345 k €	-13.0%	396,5 k €	-32.7%	589,2 k €	-2.9%	606,7 k €
Other
Workforce	–		–		1,2 ETP	-68.4%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	+18.7%	3,2 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Francois Van Den Bulck

Managing director · since 07 juin 2021 · until 07 juin 2027

Active

Luc Van Den Bulck

Director · since 07 juin 2021 · until 07 juin 2027

Active

Ended mandates

Francois Van Den Bulck

Managing director · since 22 juin 2015 · until 21 juin 2021

Ended

Luc Van Den Bulck

Director · since 24 mars 2015 · until 30 juin 2021

Ended

Francois Van Den Bulck

Managing director · since 02 juin 2009 · until 02 juin 2015

Ended

Francois Van Den Bulck

Managing director · since 02 juin 2009 · until 22 juin 2015

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	10/06/2025	06/06/2024	15/06/2023	10/06/2022	09/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	24/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	06/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	03/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	24/05/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	14/09/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	09/09/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	04/06/2007	28/08/2007	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 12 ended

Active mandates

Francois Van Den Bulck

Managing director · since 07 juin 2021 · until 07 juin 2027

Active

Luc Van Den Bulck

Director · since 07 juin 2021 · until 07 juin 2027

Active

Ended mandates

Francois Van Den Bulck

Managing director · since 22 juin 2015 · until 21 juin 2021

Ended

Luc Van Den Bulck

Director · since 24 mars 2015 · until 30 juin 2021

Ended

Francois Van Den Bulck

Managing director · since 02 juin 2009 · until 02 juin 2015

Ended

Francois Van Den Bulck

Managing director · since 02 juin 2009 · until 22 juin 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/03/2026
MAATSCHAPPELIJKE ZETEL
PDF
Registered office18/07/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/04/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring04/03/2016
BENAMING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring03/12/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2015
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 202515,4 k €↓
2024
Annual accounts 202418,8 k €↓
2023
Annual accounts 2023506 k €↑
2022
Annual accounts 2022217,2 k €↑
2021
Annual accounts 202190,1 k €↑
2020
Annual accounts 2020-9,8 k €↓
2019
Annual accounts 201981,7 k €↑
2018
Annual accounts 201821 k €↓
2017
Annual accounts 201744,9 k €↓
2016
Annual accounts 2016150 k €↓
2015
Annual accounts 2015164,5 k €↑
2015
Name changeStar Car
2014
Annual accounts 201456,4 k €↓
2013
Annual accounts 20131 M €↑
2012
Annual accounts 201244,6 k €↓
2011
Annual accounts 201172,4 k €↓
2010
Annual accounts 2010169,8 k €↑
2009
Annual accounts 2009149,6 k €↓
2008
Annual accounts 2008170 k €↑
2007
Annual accounts 200727,6 k €↓
2006
Annual accounts 200656,3 k €
2006
Name changeC en M Projects
30/12/1993
IncorporationPublic 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

STAR CAR

Overview

What does STAR CAR do?

Trend over 20 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