ACTIVE

Start it X

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Financial year 2025 · closed on 31/12/2025
Net result
146,3 k €
+2566.3% YoY
Gross margin
426,9 k €
+51.9% YoY
Equity
2 M €
+7.8% YoY
Workforce
1,6 ETP
-30.4% YoY

What does Start it X do?

Start it X is a Public limited company incorporated in 2019. Its main activity is: Activities of holding companies. Its registered office is in Leuven. It employs on average 1,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0730.852.042
Incorporation
18/07/2019
Legal form
Public limited company
Registered office
Professor Van Overstraetenplein 2
3000 Leuven · FlandreSee on map
Contributed capital
1 500 000,00 €
Latest accounts
31/12/2025
Average workforce
1,6 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities52230Service activities incidental to air transportation52230Service activities incidental to air transportation+8
Joint committees (4)
  • 100
  • 1000
  • 200
  • 2000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin426,9 k €281 k €241,4 k €619,6 k €92,7 k €356,5 k €
EBITDA195,9 k €16,8 k €34,1 k €377 k €-74,2 k €309 k €
Operating result183 k €-26 k €-6,4 k €341 k €-110 k €304,4 k €
Net result146,3 k €5,5 k €11,8 k €281,8 k €-133,5 k €215,4 k €
Balance sheet
Equity2 M €1,9 M €1,9 M €1,9 M €1,6 M €1,7 M €
Total assets2,9 M €2,5 M €2,4 M €2,5 M €2,1 M €2,1 M €
Cash653,5 k €2 M €554,3 k €1,8 M €1,2 M €1,7 M €
Debts415,6 k €273,7 k €315,1 k €315,6 k €236 k €247,5 k €
Other
Workforce1,6 ETP2,3 ETP1,9 ETP1,7 ETP1,4 ETP0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 6 ended

Active mandates

Christof De Mil

Director · since 01 mars 2026 · until 01 mars 2032

Active
Erik Luts

Director · since 01 mars 2026 · until 01 mars 2032

Active
Geert Cleuren

Director · since 01 mars 2026 · until 25 juin 2026

Active
Karen Van De Woestyne

Director · since 01 mars 2026 · until 01 mars 2032

Active
Peter Roebben

Director · since 01 mars 2026 · until 01 mars 2032

Active
Karin Van Hoecke

Director · since 26 juin 2025 · until 26 juin 2031

Active
Lode Uytterschaut

Managing director · since 26 juin 2025 · until 26 juin 2031

Active
Wim Eraly

Director · since 26 juin 2025 · until 01 mars 2026

Active

Ended mandates

Gert Van Craenenbroeck

Director · since 18 juillet 2019 · until 24 avril 2025

Ended
Gert Van Craenenbroeck

Director · since 18 juillet 2019 · until 26 juin 2025

Ended
Karin Van Hoecke

Director · since 18 juillet 2019 · until 24 avril 2025

Ended
Karin Van Hoecke

Director · since 18 juillet 2019 · until 26 juin 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
Agentuur voor Brandherverzekering● Active
0403.552.761
KBC ASSURANCES● Active
0403.552.563
KBC Sustainability Services● Active
0791.529.205
START IT @KBC● Active
0634.895.682
Sustainable Impact● Active
0683.710.636
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202118/07/2019
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 months18 months
Filing date30/07/202622/07/202519/07/202428/07/202312/05/202225/11/2021
General meeting25/06/202626/06/202527/06/202429/06/202328/04/202229/04/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/06/202630/07/2026DutchPDF
Abridged model31/12/202426/06/202522/07/2025DutchPDF
Abridged model31/12/202327/06/202419/07/2024DutchPDF
Abridged model31/12/202229/06/202328/07/2023DutchPDF
Abridged model31/12/202128/04/202212/05/2022DutchPDF
Abridged modelCorrection31/12/202029/04/202125/11/2021DutchPDF
Abridged model31/12/202029/04/202120/05/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 8 active · 6 ended

Active mandates

Christof De Mil

Director · since 01 mars 2026 · until 01 mars 2032

Active
Erik Luts

Director · since 01 mars 2026 · until 01 mars 2032

Active
Geert Cleuren

Director · since 01 mars 2026 · until 25 juin 2026

Active
Karen Van De Woestyne

Director · since 01 mars 2026 · until 01 mars 2032

Active
Peter Roebben

Director · since 01 mars 2026 · until 01 mars 2032

Active
Karin Van Hoecke

Director · since 26 juin 2025 · until 26 juin 2031

Active
Lode Uytterschaut

Managing director · since 26 juin 2025 · until 26 juin 2031

Active
Wim Eraly

Director · since 26 juin 2025 · until 01 mars 2026

Active

Ended mandates

Gert Van Craenenbroeck

Director · since 18 juillet 2019 · until 24 avril 2025

Ended
Gert Van Craenenbroeck

Director · since 18 juillet 2019 · until 26 juin 2025

Ended
Karin Van Hoecke

Director · since 18 juillet 2019 · until 24 avril 2025

Ended
Karin Van Hoecke

Director · since 18 juillet 2019 · until 26 juin 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other01/08/2022
    ALGEMENE VERGADERING
    PDF
  • Mandates19/04/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/07/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025146,3 k €↑
  2. 2024
    Annual accounts 20245,5 k €↓
  3. 2023
    Annual accounts 202311,8 k €↓
  4. 2022
    Annual accounts 2022281,8 k €↑
  5. 2021
    Annual accounts 2021-133,5 k €↓
  6. 2020
    Annual accounts 2020215,4 k €
  7. 18/07/2019
    IncorporationPublic limited company