ACTIVE

STARTUP FACTORY

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Financial year 2025 · closed on 31/12/2025
Net result
-274,7 k €
-333.7% YoY
Gross margin
-12,8 k €
-100.4% YoY
Equity
83,9 k €
-76.6% YoY

What does STARTUP FACTORY do?

STARTUP FACTORY is a Public limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0640.934.131
Incorporation
14/10/2015
Legal form
Public limited company
Registered office
Cantersteen 10/12
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 080 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities82100Office administrative and support activities82110Combined office administrative service activities
Joint committees (4)
  • 112
  • 1120
  • 200
  • 2000
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 8 financial years

20252024202320222021201820172016
Income statement
Gross margin-12,8 k €-6,4 k €67,9 k €-77,5 k €-406 k €208,1 k €110,9 k €17,2 k €
EBITDA-13,2 k €-17,6 k €-126,4 k €-170,1 k €-547,2 k €-11,8 k €-17,9 k €3,3 k €
Operating result-26,2 k €-17,6 k €-12,2 k €-353,1 k €-580,4 k €-52,3 k €-19 k €2,8 k €
Net result-274,7 k €-63,3 k €345,4 €195,5 k €112,9 k €-52,2 k €-23,5 k €2,1 k €
Balance sheet
Equity83,9 k €358,6 k €421,9 k €421,6 k €226,1 k €-43,6 k €8,6 k €32,1 k €
Total assets439,6 k €709,2 k €779,5 k €855,5 k €867,6 k €764,3 k €469,9 k €189,7 k €
Cash52,5 k €9,1 k €28,3 k €125,7 k €148,2 k €38,8 k €201,4 k €5,3 k €
Debts354,4 k €350,5 k €357,5 k €294,1 k €641,5 k €807,2 k €460,5 k €97,6 k €
Other
Workforce–0,0 ETP0,8 ETP1,0 ETP4,1 ETP3,5 ETP3,5 ETP0,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

BOTREX

Director · since 15 décembre 2025 · until 24 juin 2030 · 0878.065.972

Represented by Baudouin DE TROOSTEMBERGH

Active
Olivier COUNE

Director · since 15 décembre 2025 · until 24 juin 2030

Active
Raphael Halberthal

Director · since 15 décembre 2025 · until 24 juin 2030

Active

Ended mandates

BOTREX

Director · since 16 décembre 2019 · until 15 décembre 2023 · 0878.065.972

Represented by Baudouin De Troostembergh

Ended
BOTREX

Director · since 16 décembre 2019 · until 15 décembre 2025 · 0878.065.972

Represented by Baudouin DE TROOSTEMBERGH

Ended
Olivier COUNE

Director · since 16 décembre 2019 · until 15 décembre 2023

Ended
Olivier COUNE

Director · since 16 décembre 2019 · until 15 décembre 2025

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date13/07/202629/08/202506/08/202420/09/202312/10/202205/08/2021
General meeting16/06/202623/06/202526/07/202417/07/202329/06/202218/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202516/06/202613/07/2026FrenchPDF
Abridged model31/12/202423/06/202529/08/2025FrenchPDF
Abridged model31/12/202326/07/202406/08/2024FrenchPDF
Abridged model31/12/202217/07/202320/09/2023FrenchPDF
Abridged model31/12/202129/06/202212/10/2022FrenchPDF
Abridged model31/12/202018/06/202105/08/2021FrenchPDF
Abridged model31/12/201908/09/202002/11/2020FrenchPDF
Abridged model31/12/201804/10/201910/10/2019FrenchPDF
Abridged model31/12/201729/06/201823/08/2018FrenchPDF
Abridged model31/12/201617/05/201716/06/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 13 ended

Active mandates

BOTREX

Director · since 15 décembre 2025 · until 24 juin 2030 · 0878.065.972

Represented by Baudouin DE TROOSTEMBERGH

Active
Olivier COUNE

Director · since 15 décembre 2025 · until 24 juin 2030

Active
Raphael Halberthal

Director · since 15 décembre 2025 · until 24 juin 2030

Active

Ended mandates

BOTREX

Director · since 16 décembre 2019 · until 15 décembre 2023 · 0878.065.972

Represented by Baudouin De Troostembergh

Ended
BOTREX

Director · since 16 décembre 2019 · until 15 décembre 2025 · 0878.065.972

Represented by Baudouin DE TROOSTEMBERGH

Ended
Olivier COUNE

Director · since 16 décembre 2019 · until 15 décembre 2023

Ended
Olivier COUNE

Director · since 16 décembre 2019 · until 15 décembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office23/12/2020
    SIEGE SOCIAL
    PDF
  • Mandates12/03/2020
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates24/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Other23/10/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025-274,7 k €↓
  2. 2024
    Annual accounts 2024-63,3 k €↓
  3. 2023
    Annual accounts 2023345,4 €↓
  4. 2022
    Annual accounts 2022195,5 k €↑
  5. 2021
    Annual accounts 2021112,9 k €↑
  6. 2018
    Annual accounts 2018-52,2 k €↓
  7. 2017
    Annual accounts 2017-23,5 k €↓
  8. 2016
    Annual accounts 20162,1 k €
  9. 14/10/2015
    IncorporationPublic limited company