ACTIVE

STARTH

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Financial year 2025 · closed on 30/06/2025
Net result
23,8 k €
-23.1% YoY
Gross margin
30,7 k €
-27.0% YoY
Equity
126,9 k €
+23.1% YoY

What does STARTH do?

STARTH is a Private limited company incorporated in 2009. Its main activity is: Agents involved in the sale of timber and building materials. Its registered office is in Fontaine-l'Evêque.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0816.969.929
Incorporation
09/07/2009
Legal form
Private limited company
Registered office
Rue des Closières 12
6141 Fontaine-l'Evêque · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
30/06/2025
Activities (NACE)
46130Agents involved in the sale of timber and building materials· main46130Agents involved in the sale of timber and building materials46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods70200Management consultancy activities70220Business and other management consultancy activities+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin30,7 k €42,1 k €2,2 k €23,3 k €31,2 k €491,6 €7,4 k €18,2 k €28,9 k €-1,4 k €-24,7 k €-16,5 k €14,6 k €1,8 k €9,7 k €22,3 k €
EBITDA29,6 k €40,7 k €865,9 €21,9 k €30,4 k €-1,2 k €6,4 k €-8 k €27,8 k €-12,5 k €-26,7 k €-20 k €14,1 k €-394,3 €8,9 k €21,4 k €
Operating result28,5 k €39,3 k €-428,1 €20,4 k €29,8 k €-1,6 k €302 €-14,9 k €20,9 k €-17,9 k €-31,7 k €-27,7 k €6,1 k €-10,6 k €-1,1 k €3,2 k €
Net result23,8 k €30,9 k €2,4 k €16,4 k €24,3 k €2,3 k €3,5 k €-12,6 k €18,3 k €-18,2 k €5,9 k €36,2 k €5,3 k €-11 k €-2,9 k €2,1 k €
Balance sheet
Equity126,9 k €103,1 k €90,5 k €88,1 k €71,6 k €47,3 k €45,1 k €41,6 k €54,2 k €35,9 k €54,1 k €48,2 k €12 k €6,7 k €17,8 k €20,7 k €
Total assets149 k €106,5 k €97,9 k €103,5 k €88,4 k €87 k €74,2 k €76,1 k €91,5 k €64,2 k €94,9 k €80,1 k €39,6 k €38,6 k €52,2 k €52,7 k €
Cash17,1 k €8,2 k €7,9 k €6,1 k €5,8 k €4,4 k €5,7 k €9,1 k €9,5 k €762,7 €793,8 €4,5 k €2 k €1,1 k €5,7 k €6,3 k €
Debts22 k €3,4 k €6,7 k €15,4 k €16,8 k €39,7 k €29,1 k €34,5 k €37,3 k €28,3 k €40,9 k €31,9 k €27,6 k €31,8 k €34,4 k €32 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Stéphanie LOISIER

Director · since 09 juillet 2009

Active

Ended mandates

Stéphanie LOISIER

Manager · since 09 juillet 2009

Ended
STEPHANIE LOISIER

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/02/202630/01/202508/02/202427/02/202327/01/202226/02/2021
General meeting29/12/202530/12/202426/12/202326/12/202227/12/202128/12/2020
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202529/12/202501/02/2026FrenchPDF
Micro model30/06/202430/12/202430/01/2025FrenchPDF
Micro model30/06/202326/12/202308/02/2024FrenchPDF
Micro model30/06/202226/12/202227/02/2023FrenchPDF
Micro model30/06/202127/12/202127/01/2022FrenchPDF
Micro model30/06/202028/12/202026/02/2021FrenchPDF
Micro model30/06/201930/12/201913/02/2020FrenchPDF
Micro model30/06/201831/12/201831/01/2019FrenchPDF
Micro model30/06/201726/12/201703/02/2018FrenchPDF
Abridged model30/06/201626/12/201616/02/2017FrenchPDF
Abridged model30/06/201529/12/201530/01/2016FrenchPDF
Abridged model30/06/201430/12/201420/04/2015FrenchPDF
Abridged model30/06/201330/12/201309/01/2014FrenchPDF
Abridged model30/06/201215/01/201314/02/2013FrenchPDF
Abridged model30/06/201126/12/201119/07/2012FrenchPDF
Abridged model30/06/201027/12/201016/03/2011FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 1 active · 2 ended

Active mandates

Stéphanie LOISIER

Director · since 09 juillet 2009

Active

Ended mandates

Stéphanie LOISIER

Manager · since 09 juillet 2009

Ended
STEPHANIE LOISIER

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/08/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office06/11/2012
    SIEGE SOCIAL
    PDF
  • Other23/07/2009
    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 202523,8 k €↓
  2. 2024
    Annual accounts 202430,9 k €↑
  3. 2023
    Annual accounts 20232,4 k €↓
  4. 2023
    Name changeEL & CO
  5. 2022
    Annual accounts 202216,4 k €↓
  6. 2022
    Name changeSTARTH
  7. 2021
    Annual accounts 202124,3 k €↑
  8. 2020
    Annual accounts 20202,3 k €↓
  9. 2019
    Annual accounts 20193,5 k €↑
  10. 2018
    Annual accounts 2018-12,6 k €↓
  11. 2017
    Annual accounts 201718,3 k €↑
  12. 2016
    Annual accounts 2016-18,2 k €↓
  13. 2015
    Annual accounts 20155,9 k €↓
  14. 2014
    Annual accounts 201436,2 k €↑
  15. 2013
    Annual accounts 20135,3 k €↑
  16. 2012
    Annual accounts 2012-11 k €↓
  17. 2011
    Annual accounts 2011-2,9 k €↓
  18. 2010
    Annual accounts 20102,1 k €
  19. 09/07/2009
    IncorporationPrivate limited company