ACTIVE

STELLAR

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Financial year 2025 · Closed on 31/12/2025

Net result9,8 M €-10,7 %over 1 year

Revenue1,6 M €+47,1 %over 1 year

Equity44,4 M €+28,5 %over 1 year

Workforce3,2 ETP-13,5 %over 1 year

Identity

Source · BCE/KBO

STELLAR is a Public limited company incorporated in 2014. Its main activity is: Activities of holding companies. Its registered office is in Beringen. It employs on average 3,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0507.761.247
Incorporation: 26/12/2014
Legal form: Public limited company
Registered office: Diestersesteenweg 52
3583 Beringen · FlandreSee on map
Contributed capital: 100 000,00 €
Latest accounts: 31/12/2025
Average workforce: 3,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 18 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,6 M €	+47.1%	1,1 M €	+185%	384,8 k €	+44.0%	267,2 k €	-11.9%	303,3 k €
EBITDA	-1,5 M €	+46.4%	-2,7 M €	-3.8%	-2,6 M €	-270%	-713,5 k €	-287%	-184,2 k €
Operating result	-1,9 M €	+39.4%	-3,1 M €	-3.7%	-3 M €	-221%	-926,3 k €	-403%	-184,2 k €
Net result	9,8 M €	-10.7%	11 M €	+319%	2,6 M €	-48.8%	5,1 M €	-13.6%	5,9 M €
Balance sheet
Equity	44,4 M €	+28.5%	34,6 M €	+46.8%	23,5 M €	+12.6%	20,9 M €	+32.5%	15,8 M €
Total assets	83,2 M €	+3.8%	80,1 M €	+150%	32,1 M €	+17.8%	27,2 M €	+30.8%	20,8 M €
Cash	3,1 M €	+4523%	68 k €	-31.5%	99,3 k €	-54.9%	220,1 k €	-49.6%	436,4 k €
Debts	38,7 M €	-15.0%	45,6 M €	+439%	8,5 M €	+34.6%	6,3 M €	+29.6%	4,9 M €
Other
Workforce	3,2 ETP	-13.5%	3,7 ETP	-11.9%	4,2 ETP	-28.8%	5,9 ETP	+103%	2,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BNP Paribas Fortis Private Equity Management0438.091.788Represented by Sven Vermeulen	Director02/02/2021 → 30/06/2028
CERVINO CONSULTING0554.995.891Represented by Carl Lenaerts	Director16/12/2025 → 30/06/2028
M-MANAGEMENT0550.488.361Represented by Jo Mellemans	Managing director24/12/2014 → 30/06/2028
MAD0677.997.237Represented by Elly Huysmans	Managing director30/06/2020 → 30/06/2028
OLIVIER LANCKRIET0632.606.284Represented by Olivier Lanckriet	Director16/12/2025 → 30/06/2026
Stratix1000.894.795Represented by Olivier Maes	Director01/11/2023 → 30/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ACF0677.901.029Represented by Tom Verhaegen	Director01/12/2023 → 2024 accounts
Elly Huysmans	Managing director24/12/2014 → 2019 accounts
Nena Invest Comm.V0506.793.425Represented by Natalie Nagy	Managing director24/12/2014 → 2015 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	31/08/2026	30/07/2025	30/07/2024	28/07/2023	26/07/2022	30/07/2021
General meeting	29/07/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/07/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/06/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	30/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	30/06/2024	22/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	30/06/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	26/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	30/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	30/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	30/06/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BNP Paribas Fortis Private Equity Management0438.091.788Represented by Sven Vermeulen	Director02/02/2021 → 30/06/2028
CERVINO CONSULTING0554.995.891Represented by Carl Lenaerts	Director16/12/2025 → 30/06/2028
M-MANAGEMENT0550.488.361Represented by Jo Mellemans	Managing director24/12/2014 → 30/06/2028
MAD0677.997.237Represented by Elly Huysmans	Managing director30/06/2020 → 30/06/2028
OLIVIER LANCKRIET0632.606.284Represented by Olivier Lanckriet	Director16/12/2025 → 30/06/2026
Stratix1000.894.795Represented by Olivier Maes	Director01/11/2023 → 30/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ACF0677.901.029Represented by Tom Verhaegen	Director01/12/2023 → 2024 accounts
Elly Huysmans	Managing director24/12/2014 → 2019 accounts
Nena Invest Comm.V0506.793.425Represented by Natalie Nagy	Managing director24/12/2014 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/08/2026
Ontslag bestuurder
PDF
Mandates17/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other29/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates06/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

BNP Paribas Fortis Private Equity Management

M-MANAGEMENT

CERVINO CONSULTING

OLIVIER LANCKRIET

MAD

Stratix

ACF

Nena Invest Comm.V

Elly Huysmans

201420152016201720182019202020212022202320242025202620272028

STELLAR

Diestersesteenweg 52, 3583 Paal

Director

Managing director

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Diestersesteenweg 52, 3583 PaalCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00489773

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
STELLARCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00489773

Events

2025
Annual accounts 20259,8 M €↓
2024
Annual accounts 202411 M €↑
30/06/2024
nominationGert Maris · commissaris (vaste vertegenwoordiger)
2023
Annual accounts 20232,6 M €↓
01/12/2023
nominationACF BV · onafhankelijke bestuurder
01/11/2023
nominationStratix BV · onafhankelijke bestuurder
2022
Annual accounts 20225,1 M €↓
2021
Annual accounts 20215,9 M €↑
2020
Annual accounts 20201,9 M €↓
2019
Annual accounts 20197,5 M €↑
2018
Annual accounts 20183,8 M €↑
2017
Annual accounts 2017-6 k €↓
2016
Annual accounts 20162,1 M €↑
2015
Annual accounts 20151,1 M €
26/12/2014
IncorporationPublic limited company

STELLAR

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events