ACTIVE

OSTARA

Financial year 2025 · closed on 31/12/2025
Net result
-9,6 k €
-170.1% YoY
Gross margin
7,9 k €
-82.0% YoY
Equity
496,5 k €
-1.9% YoY

What does OSTARA do?

OSTARA is a Private limited company incorporated in 2000. Its registered office is in Heusden-Zolder.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.278.242
Incorporation
14/11/2000
Legal form
Private limited company
Registered office
De Lobbert 6
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
5 260,82 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin7,9 k €43,9 k €29,6 k €167,4 k €189,2 k €172,4 k €160,9 k €172,8 k €175 k €107,9 k €147,5 k €195,1 k €140,5 k €134,3 k €112,3 k €104,4 k €106,8 k €123,5 k €105,7 k €115,5 k €
EBITDA3,2 k €41,5 k €27,4 k €101,5 k €108,5 k €85,2 k €63,1 k €77,7 k €81,3 k €61,6 k €128,3 k €192,3 k €138,3 k €131,8 k €109,9 k €103,8 k €105,3 k €122,3 k €103,6 k €113,6 k €
Operating result-11,1 k €17,1 k €2,1 k €69,3 k €62,6 k €23,1 k €-6,6 k €5,8 k €18,1 k €-885,6 €69,7 k €154,8 k €101,1 k €90,7 k €76,9 k €94 k €95,6 k €111,8 k €81,3 k €105,6 k €
Net result-9,6 k €13,7 k €-45,7 €53 k €48,9 k €15,7 k €-9 k €1,1 k €9,6 k €-3,8 k €68 k €111,6 k €77,4 k €71,6 k €56,1 k €73,1 k €76,6 k €85,5 k €58,7 k €75,8 k €
Balance sheet
Equity496,5 k €506,1 k €492,4 k €492,5 k €518 k €469,1 k €453,4 k €462,4 k €731,3 k €721,6 k €725,4 k €877,4 k €765,8 k €718,4 k €646,9 k €590,8 k €517,6 k €441 k €355,5 k €296,8 k €
Total assets501,3 k €521,6 k €500,4 k €562,9 k €710,2 k €525,7 k €580,1 k €608,1 k €822,7 k €816,5 k €838,8 k €969,3 k €862 k €829 k €813,5 k €623,5 k €555 k €481,4 k €397,8 k €341 k €
Cash12,2 k €38,5 k €17,2 k €156,4 k €252,8 k €104,3 k €53,4 k €38,5 k €72 k €40,3 k €16,2 k €77,5 k €49,9 k €33,3 k €92,3 k €204,6 k €331,2 k €46,3 k €187,4 k €228,1 k €
Debts4,8 k €15,4 k €8 k €27,2 k €116,4 k €56,4 k €126,4 k €144,9 k €90,8 k €94,5 k €113,4 k €91,8 k €95,1 k €108,9 k €164,9 k €32,6 k €37,3 k €40,3 k €42,2 k €44,1 k €
Other
Workforce1,6 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Eugene Bogaerts

Director

Active
Karel Roelands

Director

Active
Katleen Bogaerts

Director

Active

Ended mandates

Karel Roelands

Director · since 01 avril 2021

Ended
Karel Roelands

Manager · since 01 juillet 2017 · until 28 février 2018

Ended
Katleen Bogaerts

Director · since 01 avril 2015

Ended
Katleen BOGAERTS

Manager · since 01 avril 2015

Ended
At this address

Other companies at this address

CompanyCBE no.
SCARABEEActive
0793.871.853
0795.423.556
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202618/07/202531/08/202402/08/202327/06/202229/06/2021
General meeting28/06/202630/06/202528/06/202430/06/202320/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202528/06/202630/06/2026DutchPDF
Micro model31/12/202430/06/202518/07/2025DutchPDF
Abridged model31/12/202328/06/202431/08/2024DutchPDF
Abridged model31/12/202230/06/202302/08/2023DutchPDF
Micro model31/12/202120/06/202227/06/2022DutchPDF
Micro model31/12/202025/06/202129/06/2021DutchPDF
Micro model31/12/201929/05/202006/08/2020DutchPDF
Micro model31/12/201831/05/201919/08/2019DutchPDF
Micro model31/12/201725/05/201804/07/2018DutchPDF
Micro model31/12/201626/05/201707/08/2017DutchPDF
Abridged model31/12/201527/05/201608/08/2016DutchPDF
Abridged model31/12/201429/05/201502/07/2015DutchPDF
Abridged model31/12/201330/05/201411/07/2014DutchPDF
Abridged model31/12/201231/05/201321/08/2013DutchPDF
Abridged model31/12/201125/05/201229/06/2012DutchPDF
Abridged model31/12/201027/05/201129/06/2011DutchPDF
Abridged model31/12/200928/05/201030/06/2010DutchPDF
Abridged model31/12/200829/05/200929/06/2009DutchPDF
Abridged model31/12/200730/05/200830/06/2008DutchPDF
Abridged model31/12/200625/05/200704/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 3 active · 7 ended

Active mandates

Eugene Bogaerts

Director

Active
Karel Roelands

Director

Active
Katleen Bogaerts

Director

Active

Ended mandates

Karel Roelands

Director · since 01 avril 2021

Ended
Karel Roelands

Manager · since 01 juillet 2017 · until 28 février 2018

Ended
Katleen Bogaerts

Director · since 01 avril 2015

Ended
Katleen BOGAERTS

Manager · since 01 avril 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other07/10/2025
    DOEL
    PDF
  • Restructuring06/01/2023
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/11/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates07/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares29/03/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates26/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/08/2017
    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

Timeline

  1. 2025
    Annual accounts 2025-9,6 k €
  2. 2024
    Annual accounts 202413,7 k €
  3. 2023
    Annual accounts 2023-45,7 €
  4. 2022
    Annual accounts 202253 k €
  5. 2022
    Name changeOstara
  6. 2021
    Annual accounts 202148,9 k €
  7. 2020
    Annual accounts 202015,7 k €
  8. 2019
    Annual accounts 2019-9 k €
  9. 2018
    Annual accounts 20181,1 k €
  10. 2017
    Annual accounts 20179,6 k €
  11. 2016
    Annual accounts 2016-3,8 k €
  12. 2015
    Annual accounts 201568 k €
  13. 2015
    Name changeTumi Therapeutics
  14. 2014
    Annual accounts 2014111,6 k €
  15. 2013
    Annual accounts 201377,4 k €
  16. 2012
    Annual accounts 201271,6 k €
  17. 2011
    Annual accounts 201156,1 k €
  18. 2010
    Annual accounts 201073,1 k €
  19. 2009
    Annual accounts 200976,6 k €
  20. 2008
    Annual accounts 200885,5 k €
  21. 2007
    Annual accounts 200758,7 k €
  22. 2006
    Annual accounts 200675,8 k €
  23. 2006
    Name changeEBAC
  24. 14/11/2000
    IncorporationPrivate limited company