ACTIVE

STARGAMES

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Financial year 2024 · closed on 31/12/2024

Net result

-393,4 k €

-1329.4% YoY

Gross margin

870,2 k €

+8.9% YoY

Equity

267 k €

-59.6% YoY

Workforce

4,0 ETP

+166.7% YoY

What does STARGAMES do?

STARGAMES is a Public limited company incorporated in 1995. Its main activity is: Gambling and betting activities. Its registered office is in Bruxelles. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.910.402

Incorporation

04/04/1995

Legal form

Public limited company

Registered office

Avenue des Croix de Guerre 120
1120 Bruxelles · BruxellesSee on map

Contributed capital

124 707,00 €

Latest accounts

31/12/2024

Average workforce

4,0 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	870,2 k €	+8.9%	798,7 k €	-8.7%	874,4 k €	+17.9%	741,3 k €	-10.3%	826,3 k €	-11.0%	928 k €	-46.1%	1,7 M €	+47.6%	1,2 M €	+47.7%	789,4 k €	+3.6%	761,6 k €	-9.8%	844,6 k €	+29.7%	651,4 k €	-9.4%	718,9 k €	+1.4%	709 k €	-6.7%	760 k €	+105%	371,3 k €	-9.9%	412,3 k €	-1.0%	416,5 k €
EBITDA	-202,7 k €	-380%	72,4 k €	-77.7%	324,8 k €	-56.2%	741,3 k €	+51.1%	490,6 k €	-23.5%	641,1 k €	-37.6%	1 M €	+86.5%	550,6 k €	+141%	228,2 k €	+389%	46,7 k €	-73.2%	174,4 k €	-16.4%	208,7 k €	-42.2%	361,3 k €	-15.4%	426,9 k €	+7.9%	395,5 k €	+27720%	1,4 k €	-97.8%	65 k €	-49.9%	129,7 k €
Operating result	-238,6 k €	-532%	55,2 k €	-82.4%	314 k €	-22.4%	404,7 k €	-15.1%	476,8 k €	-23.6%	624,1 k €	-37.4%	997,7 k €	+97.4%	505,4 k €	+172%	185,9 k €	+1986%	8,9 k €	-93.7%	141,9 k €	-21.2%	180 k €	-45.6%	331,1 k €	-14.6%	387,8 k €	+10.8%	349,9 k €	+843%	-47,1 k €	-491%	12 k €	-86.1%	86,8 k €
Net result	-393,4 k €	-1329%	32 k €	-86.4%	234,5 k €	-22.1%	301,1 k €	-16.4%	360 k €	-1.6%	366,1 k €	-47.4%	696,4 k €	+111%	330,7 k €	+180%	118 k €	+5453%	-2,2 k €	-102%	97,9 k €	-25.3%	131,1 k €	-40.9%	222 k €	-11.1%	249,7 k €	-0.4%	250,6 k €	+596%	-50,6 k €	-791%	7,3 k €	-91.8%	88,7 k €
Balance sheet
Equity	267 k €	-59.6%	660,4 k €	+5.1%	628,4 k €	+59.5%	393,9 k €	+34.5%	292,8 k €	-45.0%	532,8 k €	-6.0%	566,7 k €	+53.1%	370,3 k €	-31.4%	539,6 k €	+28.0%	421,6 k €	-0.5%	423,8 k €	-48.7%	825,9 k €	+18.9%	694,8 k €	+46.9%	472,8 k €	+112%	223,1 k €	+912%	-27,5 k €	-219%	23,1 k €	+46.4%	15,8 k €
Total assets	5,3 M €	+322%	1,3 M €	+32.5%	947,2 k €	+0.1%	946,4 k €	-23.4%	1,2 M €	+10.8%	1,1 M €	-24.4%	1,5 M €	+20.9%	1,2 M €	+36.5%	893,8 k €	-16.6%	1,1 M €	-5.6%	1,1 M €	+3.7%	1,1 M €	+30.7%	837 k €	-4.9%	879,9 k €	+43.5%	613,1 k €	+23.7%	495,7 k €	-4.3%	518,1 k €	+45.9%	355 k €
Cash	204,1 k €	+26.9%	160,9 k €	-44.8%	291,7 k €	-25.7%	392,6 k €	-25.3%	525,3 k €	-6.7%	562,8 k €	-18.5%	690,3 k €	+42.7%	483,8 k €	+278%	127,9 k €	-49.9%	255,1 k €	-28.6%	357,1 k €	-25.6%	480 k €	+2.4%	468,8 k €	-18.1%	572,6 k €	+76.7%	324,1 k €	+101%	161 k €	-10.8%	180,5 k €	+45.9%	123,7 k €
Debts	5 M €	+747%	593,1 k €	+86.0%	318,9 k €	-42.3%	552,6 k €	-40.8%	932,8 k €	+60.1%	582,5 k €	-35.7%	905,9 k €	+6.6%	849,6 k €	+140%	354,1 k €	-45.3%	648 k €	-7.9%	703,8 k €	+163%	267,8 k €	+88.7%	142 k €	-64.6%	400,5 k €	+6.1%	377,3 k €	-25.9%	509 k €	+5.8%	481,3 k €	+46.6%	328,2 k €
Other
Workforce	4,0 ETP	+167%	1,5 ETP	+200%	0,5 ETP		–		–		–		6,8 ETP	-2.9%	7,0 ETP	-1.4%	7,1 ETP	-24.5%	9,4 ETP	-4.1%	9,8 ETP	+3.2%	9,5 ETP	+3.3%	9,2 ETP	+24.3%	7,4 ETP	-14.9%	8,7 ETP	-4.4%	9,1 ETP	+3.4%	8,8 ETP	+8.6%	8,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 17 ended

Active mandates

GPFI

Director · 0841.832.811

Represented by Massimo MENEGALLI

Active

Ended mandates

LUC LAMOUCHE

Director · since 04 juin 2018 · until 04 juin 2024

Ended

MASSIMO MENEGALLI

Managing director · since 04 juin 2018 · until 04 juin 2024

Ended

SERGE MENAGALLI

Director · since 04 juin 2018 · until 04 juin 2024

Ended

Luc LAMOUCHE

Director · since 04 juin 2012 · until 04 juin 2024

Ended

At this address

Other companies at this address

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BARCLAY GROUP● Active	0862.798.667
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BELGIUM WEB CASINO● Active	0842.448.364
Center jeux automatiques● Active	0438.561.051
CITEXAR● Active	0449.633.404
citexlux● Active	0566.948.073
CONCEPT V GAMES● Active	0843.578.514
DEBA SQUARE● Active	0449.587.872
DE PIJL● Active	0432.417.981
DEVOMAS● Active	0425.443.780
ELENI PROJECTS● Active	0458.108.531
EUROPEAN AMUSEMENT● Active	0449.575.303
FINCAINVEST● Active	0890.430.801
FORTUNA 2000● Active	0465.106.684
Fun2play● Active	0446.241.273
GABY● Active	0757.470.921
General Automatic Amusement● Active	0407.052.085
GOLDEN PALACE● Active	0765.453.031
GOLDEN PALACE ANTWERPEN● Active	0713.710.558
GOLDEN PALACE WATERLOO● Active	0462.168.970

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	18/07/2024	05/09/2023	25/08/2022	29/09/2021	03/07/2020
General meeting	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021	02/06/2020
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	31/12/2024	02/06/2025	29/09/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	18/07/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	05/09/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	29/09/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	03/07/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	13/09/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	20/09/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	05/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	08/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	11/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	02/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	03/06/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	07/08/2007	French	PDF
Abridged model	31/12/2005	09/06/2006	20/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 1 active · 17 ended

Active mandates

GPFI

Director · 0841.832.811

Represented by Massimo MENEGALLI

Active

Ended mandates

LUC LAMOUCHE

Director · since 04 juin 2018 · until 04 juin 2024

Ended

MASSIMO MENEGALLI

Managing director · since 04 juin 2018 · until 04 juin 2024

Ended

SERGE MENAGALLI

Director · since 04 juin 2018 · until 04 juin 2024

Ended

Luc LAMOUCHE

Director · since 04 juin 2012 · until 04 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates10/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/01/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/09/2006
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/01/2003
CAPITAL, ACTIONS
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

2024
Annual accounts 2024-393,4 k €↓
2023
Annual accounts 202332 k €↓
2022
Annual accounts 2022234,5 k €↓
2021
Annual accounts 2021301,1 k €↓
2020
Annual accounts 2020360 k €↓
2019
Annual accounts 2019366,1 k €↓
2018
Annual accounts 2018696,4 k €↑
2017
Annual accounts 2017330,7 k €↑
2016
Annual accounts 2016118 k €↑
2015
Annual accounts 2015-2,2 k €↓
2014
Annual accounts 201497,9 k €↓
2013
Annual accounts 2013131,1 k €↓
2012
Annual accounts 2012222 k €↓
2011
Annual accounts 2011249,7 k €↓
2010
Annual accounts 2010250,6 k €↑
2009
Annual accounts 2009-50,6 k €↓
2008
Annual accounts 20087,3 k €↓
2007
Annual accounts 200788,7 k €
04/04/1995
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

STARGAMES

Overview

What does STARGAMES do?

Trend over 18 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