ACTIVE

STELLAR

Financial year 2025 · closed on 31/12/2025
Net result
9,8 M €
-10.7% YoY
Revenue
1,6 M €
+47.1% YoY
Equity
44,4 M €
+28.5% YoY
Workforce
3,2 ETP
-13.5% YoY

What does STELLAR do?

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
Joint committees (1)
  • 200
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Revenue1,6 M €1,1 M €384,8 k €267,2 k €303,3 k €
EBITDA-1,5 M €-2,7 M €-2,6 M €-713,5 k €-184,2 k €-292,5 k €-42,4 k €-45,3 k €-19,5 k €-6,7 k €-6,1 k €
Operating result-1,9 M €-3,1 M €-3 M €-926,3 k €-184,2 k €-292,5 k €-42,4 k €-45,3 k €-19,5 k €-6,7 k €-12,4 k €
Net result9,8 M €11 M €2,6 M €5,1 M €5,9 M €1,9 M €7,5 M €3,8 M €-6 k €2,1 M €1,1 M €
Balance sheet
Equity44,4 M €34,6 M €23,5 M €20,9 M €15,8 M €9,8 M €7,9 M €12,5 M €9,1 M €9,1 M €7 M €
Total assets83,2 M €80,1 M €32,1 M €27,2 M €20,8 M €18,6 M €16,6 M €13,5 M €9,1 M €9,3 M €8 M €
Cash3,1 M €68 k €99,3 k €220,1 k €436,4 k €650,7 k €924,3 k €1,4 M €547,1 k €406,3 k €9,9 k €
Debts38,7 M €45,6 M €8,5 M €6,3 M €4,9 M €8,5 M €8,7 M €992,6 k €6,3 k €227,9 k €1,1 M €
Other
Workforce3,2 ETP3,7 ETP4,2 ETP5,9 ETP2,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 12 ended

Active mandates

BNP Paribas Fortis Private Equity Management

Director · since 16 décembre 2025 · until 30 juin 2028 · 0438.091.788

Represented by Sven Vermeulen

Active
CERVINO CONSULTING

Director · since 16 décembre 2025 · until 30 juin 2028 · 0554.995.891

Represented by Carl Lenaerts

Active
M-MANAGEMENT

Managing director · since 16 décembre 2025 · until 30 juin 2028 · 0550.488.361

Represented by Jo Mellemans

Active
MAD

Managing director · since 16 décembre 2025 · until 30 juin 2028 · 0677.997.237

Represented by Elly Huysmans

Active
OLIVIER LANCKRIET

Director · since 16 décembre 2025 · until 30 juin 2026 · 0632.606.284

Represented by Olivier Lanckriet

Active
Stratix

Director · since 16 décembre 2025 · until 30 juin 2028 · 1000.894.795

Represented by Olivier Maes

Active

Ended mandates

ACF

Director · since 01 décembre 2023 · until 30 juin 2029 · 0677.901.029

Represented by Tom Verhaegen

Ended
Stratix

Director · since 01 novembre 2023 · until 30 juin 2029 · 1000.894.795

Represented by Olivier Maes

Ended
BNP Paribas Fortis Private Equity Management

Director · since 02 février 2021 · until 30 juin 2027 · 0438.091.788

Represented by Sven Vermeulen

Ended
BNP Paribas Fortis Private Equity Management

Director · since 02 février 2021 · until 30 juin 2027 · 0438.091.788

Represented by Sven Vermeulen

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelm120-f-p
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 date31/08/202630/07/202530/07/202428/07/202326/07/202230/07/2021
General meeting29/07/202630/06/202530/06/202430/06/202330/06/202230/06/2021
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

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/07/202631/08/2026DutchPDF
Full model31/12/202430/06/202530/07/2025DutchPDF
m120-f-p31/12/202430/06/202522/07/2025DutchPDF
Full model31/12/202330/06/202430/07/2024DutchPDF
m120-f-p31/12/202330/06/202422/08/2024DutchPDF
Full model31/12/202230/06/202328/07/2023DutchPDF
m120-f-p31/12/202230/06/202310/07/2023DutchPDF
Full model31/12/202130/06/202226/07/2022DutchPDF
m120-f-p31/12/202130/06/202211/07/2022DutchPDF
Full model31/12/202030/06/202129/07/2021DutchPDF
m120-f-p31/12/202030/06/202130/07/2021DutchPDF
Full model31/12/201930/06/202030/07/2020DutchPDF
m120-f-p31/12/201930/06/202010/07/2020DutchPDF
Full model31/12/201830/06/201930/07/2019DutchPDF
m120-f-p31/12/201830/06/201917/07/2019DutchPDF
Full model31/12/201730/06/201831/07/2018DutchPDF
Full model31/12/201630/06/201727/07/2017DutchPDF
Abridged model31/12/201530/06/201631/08/2016DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 12 ended

Active mandates

BNP Paribas Fortis Private Equity Management

Director · since 16 décembre 2025 · until 30 juin 2028 · 0438.091.788

Represented by Sven Vermeulen

Active
CERVINO CONSULTING

Director · since 16 décembre 2025 · until 30 juin 2028 · 0554.995.891

Represented by Carl Lenaerts

Active
M-MANAGEMENT

Managing director · since 16 décembre 2025 · until 30 juin 2028 · 0550.488.361

Represented by Jo Mellemans

Active
MAD

Managing director · since 16 décembre 2025 · until 30 juin 2028 · 0677.997.237

Represented by Elly Huysmans

Active
OLIVIER LANCKRIET

Director · since 16 décembre 2025 · until 30 juin 2026 · 0632.606.284

Represented by Olivier Lanckriet

Active
Stratix

Director · since 16 décembre 2025 · until 30 juin 2028 · 1000.894.795

Represented by Olivier Maes

Active

Ended mandates

ACF

Director · since 01 décembre 2023 · until 30 juin 2029 · 0677.901.029

Represented by Tom Verhaegen

Ended
Stratix

Director · since 01 novembre 2023 · until 30 juin 2029 · 1000.894.795

Represented by Olivier Maes

Ended
BNP Paribas Fortis Private Equity Management

Director · since 02 février 2021 · until 30 juin 2027 · 0438.091.788

Represented by Sven Vermeulen

Ended
BNP Paribas Fortis Private Equity Management

Director · since 02 février 2021 · until 30 juin 2027 · 0438.091.788

Represented by Sven Vermeulen

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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 20259,8 M €
  2. 2024
    Annual accounts 202411 M €
  3. 30/06/2024
    nominationGert Maris — commissaris (vaste vertegenwoordiger)
  4. 2023
    Annual accounts 20232,6 M €
  5. 01/12/2023
    nominationACF BV — onafhankelijke bestuurder
  6. 01/11/2023
    nominationStratix BV — onafhankelijke bestuurder
  7. 2022
    Annual accounts 20225,1 M €
  8. 2021
    Annual accounts 20215,9 M €
  9. 2020
    Annual accounts 20201,9 M €
  10. 2019
    Annual accounts 20197,5 M €
  11. 2018
    Annual accounts 20183,8 M €
  12. 2017
    Annual accounts 2017-6 k €
  13. 2016
    Annual accounts 20162,1 M €
  14. 2015
    Annual accounts 20151,1 M €
  15. 26/12/2014
    IncorporationPublic limited company