ACTIVE

Start People

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

3,6 M €

-58.5% YoY

Revenue

413,8 M €

-0.6% YoY

Equity

38,9 M €

+10.3% YoY

Workforce

7 283,9 ETP

-3.5% YoY

What does Start People do?

Start People is a Public limited company incorporated in 1995. Its registered office is in Antwerpen. It employs on average 7 283,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.512.385

Incorporation

21/11/1995

Legal form

Public limited company

Registered office

Frankrijklei 101
2000 Antwerpen · FlandreSee on map

Contributed capital

12 407 070,91 €

Latest accounts

31/12/2025

Average workforce

7 283,9 ETP

Joint committees (4)

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	413,8 M €	-0.6%	416,2 M €	-16.6%	499,1 M €	+0.9%	494,8 M €	+3.4%	478,5 M €	+9.4%	437,2 M €	-2.3%	447,5 M €	-1.6%	454,8 M €	+2.5%	443,7 M €	+5.8%	419,4 M €	+9.8%	382,1 M €	+12.1%	341 M €	+11.4%	306 M €	-2.7%	314,5 M €	-13.0%	361,4 M €	+3.1%	350,5 M €	+5.2%	333,2 M €	-22.9%	432 M €
EBITDA	8,7 M €	-36.2%	13,7 M €	-21.4%	17,4 M €	+6.3%	16,4 M €	-22.9%	21,3 M €	+19.0%	17,9 M €	-24.5%	23,7 M €	-3.0%	24,4 M €	+10.7%	22 M €	+56.7%	14,1 M €	-20.2%	17,6 M €	+37.4%	12,8 M €	+32.1%	9,7 M €	-17.7%	11,8 M €	-3.6%	12,2 M €	-4.7%	12,8 M €	+35.6%	9,5 M €	-51.6%	19,5 M €
Operating result	8,4 M €	-40.5%	14,1 M €	-17.7%	17,1 M €	+6.8%	16 M €	-20.4%	20,1 M €	+15.8%	17,4 M €	-25.1%	23,2 M €	-2.6%	23,8 M €	+10.3%	21,6 M €	+65.4%	13,1 M €	-23.4%	17 M €	+38.7%	12,3 M €	+35.1%	9,1 M €	-21.2%	11,5 M €	+7.3%	10,8 M €	-5.1%	11,3 M €	+60.3%	7,1 M €	-57.1%	16,5 M €
Net result	3,6 M €	-58.5%	8,7 M €	-16.0%	10,4 M €	+13.2%	9,2 M €	-23.2%	12 M €	+14.0%	10,5 M €	-23.2%	13,7 M €	-3.0%	14,1 M €	+22.9%	11,5 M €	+86.4%	6,2 M €	-32.9%	9,2 M €	+33.2%	6,9 M €	+37.6%	5 M €	-31.5%	7,3 M €	+30.9%	5,6 M €	-15.0%	6,6 M €	+116%	3 M €	-60.8%	7,8 M €
Balance sheet
Equity	38,9 M €	+10.3%	35,3 M €	+32.9%	26,6 M €	-47.0%	50,2 M €	-8.1%	54,6 M €	-31.9%	80,2 M €	+15.1%	69,7 M €	+24.4%	56 M €	-43.9%	100 M €	+13.0%	88,5 M €	+7.5%	82,3 M €	+12.5%	73,2 M €	+10.4%	66,3 M €	+8.2%	61,3 M €	+13.5%	54 M €	+11.5%	48,4 M €	+15.7%	41,8 M €	+7.8%	38,8 M €
Total assets	97 M €	+4.5%	92,8 M €	-26.6%	126,4 M €	-6.8%	135,6 M €	-13.1%	156 M €	+3.2%	151,2 M €	+17.7%	128,5 M €	-25.6%	172,7 M €	-0.2%	173 M €	+5.9%	163,3 M €	+2.0%	160,1 M €	+10.2%	145,3 M €	+26.3%	115 M €	+0.6%	114,4 M €	+0.9%	113,3 M €	+17.8%	96,1 M €	+13.3%	84,9 M €	-7.7%	91,9 M €
Cash	16,2 k €	-79.3%	78,4 k €	+28.0%	61,2 k €	-5.7%	64,9 k €	+13954%	461,9 €	+125%	205,1 €		–		2,9 k €	-83.1%	17,3 k €	-99.9%	31,8 M €	+347%	7,1 M €	+142%	2,9 M €	+6857%	42,2 k €	-97.0%	1,4 M €	+226%	433,4 k €	-21.3%	551 k €	+66.1%	331,7 k €	-98.0%	16,4 M €
Debts	50,1 M €	-0.5%	50,4 M €	-43.3%	88,8 M €	+13.7%	78,1 M €	-18.8%	96,2 M €	+47.3%	65,3 M €	+22.5%	53,3 M €	-51.7%	110,5 M €	+63.6%	67,5 M €	-2.3%	69,1 M €	-4.2%	72,1 M €	+6.6%	67,6 M €	+49.7%	45,2 M €	-11.1%	50,8 M €	-7.9%	55,1 M €	+26.3%	43,7 M €	+8.6%	40,2 M €	-19.2%	49,8 M €
Other
Workforce	7 283,9 ETP	-3.5%	7 550,5 ETP	-20.0%	9 436,5 ETP	-7.9%	10 245,0 ETP	-2.8%	10 540,4 ETP	+7.9%	9 767,0 ETP	-0.6%	9 828,0 ETP	-4.2%	10 260,2 ETP	+1.8%	10 083,2 ETP	+1.9%	9 894,1 ETP	+10.8%	8 926,2 ETP	+11.3%	8 022,8 ETP	+10.7%	7 248,4 ETP	-4.9%	7 623,3 ETP	-14.2%	8 881,5 ETP	+0.4%	8 846,9 ETP	+0.0%	8 843,6 ETP	-23.0%	11 485,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 57 ended

Active mandates

Kristof BEECKMANS

Director · since 28 mai 2024 · until 07 mai 2030

Active

Q-Finance

Director · since 28 mai 2024 · until 07 mai 2030 · 0808.960.895

Represented by Erik DE COCK

Active

Ann MARTENS

Director · since 04 mai 2022 · until 02 mai 2028

Active

Scheerlinck Consulting

Director · since 01 mai 2021 · until 26 mai 2026 · 0766.795.985

Represented by Katty Scheerlinck

Active

Ended mandates

Scheerlinck Consulting

Director · since 01 mai 2021 · until 07 mai 2024 · 0766.795.985

Ended

Scheerlinck Consulting

Director · since 01 mai 2021 · until 05 mai 2026 · 0766.795.985

Ended

Katty SCHEERLINCK

Director · since 07 mai 2019 · until 30 avril 2021

Ended

Katty SCHEERLINCK

Director · since 07 mai 2019 · until 07 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Bright Plus● Active	0447.485.645
Bright Plus Outsourcing Solutions● Active	0475.945.940
entrili● Active	0643.741.587
EXPRESS MEDICAL● Active	0435.150.611
Jobinson● Active	0689.721.072
Mutualiteit Esso Voorzorgsfonds● Active	0422.945.734
RGF Staffing Belgium● Active	0461.127.904
Solvus● Active	0457.455.463
START PEOPLE ABROAD● Active	0402.725.588
Start People Construct● Active	0427.547.987
Start People Services● Active	0459.708.338
THE CREW FLEX● Active	0822.205.949
UNIQUE● Active	0402.724.895
UNIQUE CAREER● Active	0455.516.354
USG PEOPLE BTW GROEP● Active	0841.698.890
USG Professionals● Active	0433.236.444
USG Public-Sourcing● Active	0823.392.022
VANDERSTEEN ASSOCIATES● Liquidation	0437.221.956

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	01/01/2025	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	16/06/2026	17/06/2025	31/05/2024	22/06/2023	20/06/2022	25/06/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	23/05/2023	03/05/2022	25/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	16/06/2026	Dutch	PDF
Full model	31/12/2024	27/05/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	28/05/2024	31/05/2024	Dutch	PDF
Full model	31/12/2022	23/05/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	03/05/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	05/05/2020	15/06/2020	Dutch	PDF
Full model	31/12/2018	07/05/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	16/05/2018	04/07/2018	Dutch	PDF
Full modelCorrection	31/12/2016	22/05/2017	27/12/2017	Dutch	PDF
Full model	31/12/2016	22/05/2017	18/08/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	04/06/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	07/05/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	25/07/2012	Dutch	PDF
Full model	31/12/2010	03/05/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	04/05/2010	18/05/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	14/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 4 active · 57 ended

Active mandates

Kristof BEECKMANS

Director · since 28 mai 2024 · until 07 mai 2030

Active

Q-Finance

Director · since 28 mai 2024 · until 07 mai 2030 · 0808.960.895

Represented by Erik DE COCK

Active

Ann MARTENS

Director · since 04 mai 2022 · until 02 mai 2028

Active

Scheerlinck Consulting

Director · since 01 mai 2021 · until 26 mai 2026 · 0766.795.985

Represented by Katty Scheerlinck

Active

Ended mandates

Scheerlinck Consulting

Director · since 01 mai 2021 · until 07 mai 2024 · 0766.795.985

Ended

Scheerlinck Consulting

Director · since 01 mai 2021 · until 05 mai 2026 · 0766.795.985

Ended

Katty SCHEERLINCK

Director · since 07 mai 2019 · until 30 avril 2021

Ended

Katty SCHEERLINCK

Director · since 07 mai 2019 · until 07 mai 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
—
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/01/2023
KAPITAAL - AANDELEN
PDF
Mandates11/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2021
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 20253,6 M €↓
2024
Annual accounts 20248,7 M €↓
28/05/2024
nominationQ-Finance BV — bestuurder
28/05/2024
nominationKristof Beeckmans — bestuurder
2023
Annual accounts 202310,4 M €↑
06/06/2023
nominationLiesbeth Van den Dries — bijzondere volmacht voor HR
2022
Annual accounts 20229,2 M €↓
15/11/2022
cession
04/05/2022
nominationAnn Martens — bestuurder
2021
Annual accounts 202112 M €↑
2020
Annual accounts 202010,5 M €↓
2019
Annual accounts 201913,7 M €↓
2018
Annual accounts 201814,1 M €↑
2017
Annual accounts 201711,5 M €↑
01/09/2017
revocationKristof Beeckmans — Finance Director
01/09/2017
revocationXenia Elbers — bijzondere volmacht voor HR
2016
Annual accounts 20166,2 M €↓
2015
Annual accounts 20159,2 M €↑
2014
Annual accounts 20146,9 M €↑
2013
Annual accounts 20135 M €↓
2012
Annual accounts 20127,3 M €↑
2011
Annual accounts 20115,6 M €↓
2010
Annual accounts 20106,6 M €↑
2009
Annual accounts 20093 M €↓
2008
Annual accounts 20087,8 M €
21/11/1995
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

Start People

Overview

What does Start People 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