ACTIVE

White Star Project

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 k €

-89.6% YoY

Gross margin

100,1 k €

-6.8% YoY

Equity

-171,5 k €

+0.7% YoY

What does White Star Project do?

White Star Project is a Private limited company incorporated in 2018. Its registered office is in Braine-le-Château.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0688.943.983

Incorporation

26/01/2018

Legal form

Private limited company

Registered office

Clos des Coquinettes(W-B) 6
1440 Braine-le-Château · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	100,1 k €	-6.8%	107,4 k €	+28.2%	83,8 k €	-11.4%	94,6 k €	+30.0%	72,7 k €	-19.6%	90,5 k €	+438%	-26,8 k €	+71.3%	-93,2 k €
EBITDA	86,7 k €	-8.3%	94,5 k €	+32.7%	71,2 k €	-15.6%	84,3 k €	+34.9%	62,5 k €	-29.5%	88,6 k €	+234%	-66,4 k €	+34.9%	-102 k €
Operating result	31,8 k €	-19.6%	39,5 k €	+149%	15,9 k €	-45.4%	29 k €	+289%	7,5 k €	-80.6%	38,4 k €	+142%	-92,4 k €	+10.9%	-103,7 k €
Net result	1,2 k €	-89.6%	11,4 k €	+177%	-14,7 k €	-172%	-5,4 k €	+71.0%	-18,7 k €	-277%	10,5 k €	+111%	-93,6 k €	-13.9%	-82,2 k €
Balance sheet
Equity	-171,5 k €	+0.7%	-172,7 k €	+6.2%	-184,1 k €	-8.7%	-169,3 k €	-3.3%	-163,9 k €	-12.9%	-145,2 k €	+6.8%	-155,8 k €	-151%	-62,2 k €
Total assets	2,2 M €	-2.7%	2,3 M €	-1.4%	2,3 M €	-3.2%	2,4 M €	-3.9%	2,5 M €	-4.3%	2,6 M €	+132%	1,1 M €	+272%	300,8 k €
Cash	15,3 k €	-46.9%	28,8 k €	+200%	9,6 k €	-68.4%	30,4 k €	-39.4%	50,1 k €	+133%	21,5 k €	-25.1%	28,7 k €	+1214%	2,2 k €
Debts	2,4 M €	-2.7%	2,5 M €	-1.7%	2,5 M €	-2.5%	2,6 M €	-3.4%	2,6 M €	-3.4%	2,7 M €	+115%	1,3 M €	+251%	362,9 k €
Other
Workforce	–		–		–		–		–		–		–		1,0 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 · 2 active · 4 ended

Active mandates

Jean-Jacques Adam

Director · since 25 janvier 2018

Active

Maria Orrico Y Goubert

Director · since 25 janvier 2018

Active

Ended mandates

Jean-Jacques Adam

Mandate

Ended

JEAN-JACQUES ADAM

Director

Ended

Maria De Los Dolores Orrico Y Goubert

Mandate

Ended

MARIA DE LOS DOLORES ORRICO Y GOUBERT

Director

Ended

At this address

Other companies at this address

Company	CBE no.
THUBELUX● Active	0457.001.543
THUDEL1410● Active	0630.960.947
THUDEL4JACO● Liquidation	0500.666.587
THUDELSTAS● Active	0844.753.895

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	23/06/2026	10/07/2025	04/06/2024	04/05/2023	16/06/2022	25/06/2021
General meeting	30/05/2026	26/06/2025	31/05/2024	28/04/2023	13/05/2022	24/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/05/2026	23/06/2026	French	PDF
Micro model	31/12/2024	26/06/2025	10/07/2025	French	PDF
Micro model	31/12/2023	31/05/2024	04/06/2024	French	PDF
Micro model	31/12/2022	28/04/2023	04/05/2023	French	PDF
Micro model	31/12/2021	13/05/2022	16/06/2022	French	PDF
Micro model	31/12/2020	24/06/2021	25/06/2021	French	PDF
Micro model	31/12/2019	25/06/2020	06/07/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	29/07/2019	French	PDF

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 · 2 active · 4 ended

Active mandates

Jean-Jacques Adam

Director · since 25 janvier 2018

Active

Maria Orrico Y Goubert

Director · since 25 janvier 2018

Active

Ended mandates

Jean-Jacques Adam

Mandate

Ended

JEAN-JACQUES ADAM

Director

Ended

Maria De Los Dolores Orrico Y Goubert

Mandate

Ended

MARIA DE LOS DOLORES ORRICO Y GOUBERT

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/11/2025
SIEGE SOCIAL
PDF
Other20/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other21/11/2018
OBJET
PDF
Other30/01/2018
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

2025
Annual accounts 20251,2 k €↓
2024
Annual accounts 202411,4 k €↑
2023
Annual accounts 2023-14,7 k €↓
2022
Annual accounts 2022-5,4 k €↑
2021
Annual accounts 2021-18,7 k €↓
2020
Annual accounts 202010,5 k €↑
2019
Annual accounts 2019-93,6 k €↓
2018
Annual accounts 2018-82,2 k €
26/01/2018
IncorporationPrivate 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

White Star Project

Overview

What does White Star Project do?

Trend over 8 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