ACTIVE

STARBAT SERVICES (SA)

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Financial year 2025 · closed on 30/09/2025

Net result

98,3 k €

+349.8% YoY

Gross margin

612,1 k €

+19.4% YoY

Equity

599,6 k €

+19.6% YoY

Workforce

9,6 ETP

+9.1% YoY

What does STARBAT SERVICES do?

STARBAT SERVICES is a Public limited company incorporated in 1994. Its registered office is in Gembloux. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.921.605

Incorporation

30/06/1994

Legal form

Public limited company

Registered office

Rue des Praules, Sauv. 10
5030 Gembloux · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

9,6 ETP

Joint committees (2)

14904
201

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	612,1 k €	+19.4%	512,5 k €	+6.8%	479,6 k €	+1.5%	472,5 k €	-7.5%	510,8 k €	+5.7%	483,3 k €	-9.8%	535,8 k €	-8.4%	585,1 k €	+1.6%	575,7 k €	+25.8%	457,7 k €	-8.6%	500,8 k €	+15.2%	434,5 k €	-1.4%	440,9 k €	-9.9%	489,1 k €	+7.0%	457,2 k €	+45.5%	314,1 k €	-4.8%	330,1 k €	+19.7%	275,9 k €	-1.2%	279,3 k €
EBITDA	279,5 k €	+40.9%	198,4 k €	+28.4%	154,5 k €	+4.8%	147,4 k €	-16.2%	175,9 k €	+0.8%	174,6 k €	-8.5%	190,8 k €	-2.2%	195,1 k €	-16.6%	234 k €	+41.3%	165,6 k €	-26.7%	226 k €	+63.9%	137,9 k €	-33.8%	208,4 k €	-14.1%	242,8 k €	+15.9%	209,5 k €	+99.0%	105,3 k €	-6.3%	112,3 k €	+39.2%	80,6 k €	-24.9%	107,4 k €
Operating result	164,1 k €	+153%	64,8 k €	+87.7%	34,5 k €	+5.5%	32,7 k €	-34.7%	50,1 k €	+82.1%	27,5 k €	-26.4%	37,3 k €	-2.6%	38,3 k €	-35.3%	59,2 k €	+190%	20,4 k €	+164%	-31,7 k €	-173%	43,1 k €	-66.1%	127,1 k €	-19.5%	157,8 k €	+35.5%	116,4 k €	+162%	44,5 k €	-38.6%	72,4 k €	+30.7%	55,4 k €	-29.3%	78,3 k €
Net result	98,3 k €	+350%	21,9 k €	+14238%	152,4 €	-98.0%	7,5 k €	-9.9%	8,4 k €	+717%	1 k €	-12.3%	1,2 k €	+106%	-18,3 k €	-159%	30,9 k €	+4673%	647,4 €	+101%	-59,8 k €	-368%	22,3 k €	+4.4%	21,4 k €	-79.0%	102,1 k €	+48.4%	68,8 k €	+142%	28,4 k €	-31.9%	41,7 k €	+15.6%	36,1 k €	-24.6%	47,9 k €
Balance sheet
Equity	599,6 k €	+19.6%	501,3 k €	+4.6%	479,4 k €	+0.0%	479,3 k €	+1.6%	471,8 k €	+1.8%	463,4 k €	+0.2%	462,3 k €	+0.3%	461,2 k €	-3.8%	479,4 k €	+6.9%	448,6 k €	+0.1%	447,9 k €	-11.8%	507,7 k €	+4.6%	485,4 k €	+4.6%	464 k €	+28.2%	361,9 k €	+25.3%	288,9 k €	+10.9%	260,6 k €	+19.1%	218,9 k €	+19.7%	182,8 k €
Total assets	1,6 M €	-3.4%	1,6 M €	-8.1%	1,8 M €	-3.9%	1,8 M €	+13.0%	1,6 M €	-5.9%	1,7 M €	-1.3%	1,7 M €	-1.9%	1,8 M €	+2.5%	1,7 M €	-0.3%	1,7 M €	+0.1%	1,7 M €	+41.5%	1,2 M €	-0.5%	1,2 M €	-0.2%	1,2 M €	+0.1%	1,2 M €	-1.3%	1,3 M €	+112%	591,8 k €	+53.2%	386,3 k €	+6.3%	363,5 k €
Cash	222,1 k €	+33.6%	166,2 k €	+3.6%	160,5 k €	-9.8%	177,9 k €	+16.7%	152,4 k €	-39.2%	250,5 k €	+37.9%	181,7 k €	-23.8%	238,4 k €	+3.5%	230,3 k €	+13.6%	202,6 k €	-32.3%	299,5 k €	-21.2%	380,2 k €	+34.3%	283,1 k €	-9.4%	312,5 k €	-13.7%	362,3 k €	+296%	91,6 k €	-11.4%	103,3 k €	+117%	47,7 k €	+170%	17,6 k €
Debts	951,4 k €	-14.9%	1,1 M €	-12.8%	1,3 M €	-5.3%	1,4 M €	+18.3%	1,1 M €	-9.2%	1,3 M €	-1.8%	1,3 M €	-2.1%	1,3 M €	+4.3%	1,3 M €	-2.8%	1,3 M €	+0.5%	1,3 M €	+79.5%	717,5 k €	-3.9%	746,4 k €	-3.0%	769,8 k €	-11.5%	870,2 k €	-9.7%	963,6 k €	+191%	331,2 k €	+97.8%	167,5 k €	-7.4%	180,8 k €
Other
Workforce	9,6 ETP	+9.1%	8,8 ETP	-1.1%	8,9 ETP	-19.8%	11,1 ETP	+1.8%	10,9 ETP	-5.2%	11,5 ETP	+2.7%	11,2 ETP	+7.7%	10,4 ETP	+10.6%	9,4 ETP	+8.0%	8,7 ETP	+2.4%	8,5 ETP	0.0%	8,5 ETP	+16.4%	7,3 ETP	-6.4%	7,8 ETP	0.0%	7,8 ETP	+9.9%	7,1 ETP	-11.3%	8,0 ETP	-1.2%	8,1 ETP	+1.2%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 3 ended

Active mandates

ERIC LUTKE

Managing director

Active

Helmut LÜTKE

Director

Active

PHILIPPE LUTKE

Director

Active

Ended mandates

ERIC LUTKE

Mandate

Ended

HELMUT LUTKE

Mandate

Ended

PHILIPPE LUTKE

Mandate

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/04/2026	15/04/2025	08/04/2024	24/04/2023	29/04/2022	29/04/2021
General meeting	10/03/2026	10/03/2025	11/03/2024	10/03/2023	10/03/2022	10/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	10/03/2026	16/04/2026	French	PDF
Abridged model	30/09/2024	10/03/2025	15/04/2025	French	PDF
Abridged model	30/09/2023	11/03/2024	08/04/2024	French	PDF
Abridged model	30/09/2022	10/03/2023	24/04/2023	French	PDF
Abridged model	30/09/2021	10/03/2022	29/04/2022	French	PDF
Abridged model	30/09/2020	10/03/2021	29/04/2021	French	PDF
Abridged model	30/09/2019	10/03/2020	15/04/2020	French	PDF
Abridged model	30/09/2018	11/03/2019	29/03/2019	French	PDF
Abridged model	30/09/2017	10/03/2018	30/04/2018	French	PDF
Abridged model	30/09/2016	10/03/2017	05/05/2017	French	PDF
Abridged model	30/09/2015	10/03/2016	29/04/2016	French	PDF
Abridged model	30/09/2014	10/03/2015	30/04/2015	French	PDF
Abridged model	30/09/2013	10/03/2014	31/03/2014	French	PDF
Abridged model	30/09/2012	11/03/2013	13/05/2013	French	PDF
Abridged model	30/09/2011	10/03/2012	10/05/2012	French	PDF
Abridged model	30/09/2010	10/03/2011	16/06/2011	French	PDF
Abridged model	30/09/2009	10/03/2010	29/04/2010	French	PDF
Abridged model	30/09/2008	10/04/2009	28/04/2009	French	PDF
Abridged model	30/09/2007	10/03/2008	28/04/2008	French	PDF
Abridged model	30/09/2006	10/03/2007	31/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 3 active · 3 ended

Active mandates

ERIC LUTKE

Managing director

Active

Helmut LÜTKE

Director

Active

PHILIPPE LUTKE

Director

Active

Ended mandates

ERIC LUTKE

Mandate

Ended

HELMUT LUTKE

Mandate

Ended

PHILIPPE LUTKE

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2026
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates22/04/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office27/11/2015
SIEGE SOCIAL
PDF
Mandates07/04/2015
DEMISSIONS, NOMINATIONS
PDF
Restructuring20/01/2010
OBJET - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring10/11/2009
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates27/10/2009
DEMISSIONS, NOMINATIONS
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 202598,3 k €↑
2024
Annual accounts 202421,9 k €↑
2023
Annual accounts 2023152,4 €↓
2022
Annual accounts 20227,5 k €↓
2021
Annual accounts 20218,4 k €↑
2020
Annual accounts 20201 k €↓
2019
Annual accounts 20191,2 k €↑
2018
Annual accounts 2018-18,3 k €↓
2017
Annual accounts 201730,9 k €↑
2016
Annual accounts 2016647,4 €↑
2015
Annual accounts 2015-59,8 k €↓
2014
Annual accounts 201422,3 k €↑
2013
Annual accounts 201321,4 k €↓
2012
Annual accounts 2012102,1 k €↑
2011
Annual accounts 201168,8 k €↑
2009
Annual accounts 200928,4 k €↓
2008
Annual accounts 200841,7 k €↑
2007
Annual accounts 200736,1 k €↓
2006
Annual accounts 200647,9 k €
30/06/1994
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

STARBAT SERVICES (SA)

Overview

What does STARBAT SERVICES do?

Trend over 19 financial years

Indicative valuation

Board of directors

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