MICROSTART
0829.081.071 · rovalta.com · 21/09/2026
ACTIVE
MICROSTART
Financial year 2025 · closed on 31/12/2025
Net result
-1,8 M €
-122.0% YoY
Revenue
1,3 M €
+1.9% YoY
Equity
38,6 k €
-98.0% YoY
Workforce
19,7 ETP
-10.0% YoY
Overview
What does MICROSTART do?
MICROSTART is a Cooperative society incorporated in 2010. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Bruxelles. It employs on average 19,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0829.081.071
Incorporation
08/09/2010
Legal form
Cooperative society
Registered office
Cantersteen 12
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 888 500,00 €
Latest accounts
31/12/2025
Average workforce
19,7 ETP
Activities (NACE)
Joint committees (3)
- 200
- 218
- 337
Signals
Good liquidityHealthy social debts
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Revenue | 1,3 M € | +1.9% | 1,3 M € | +4.3% | 1,2 M € | +0.9% | 1,2 M € | – | – | – | – | – | – | – | – | – | 131,2 k € | +287% | 33,9 k € | ||||||||||
| EBITDA | -1,1 M € | -54.0% | -699,4 k € | -157% | -272,0 k € | +39.4% | -448,8 k € | -28.6% | -348,9 k € | +62.3% | -925,3 k € | -29.1% | -716,8 k € | -17.9% | -608,2 k € | -62.4% | -374,6 k € | -368% | -80,0 k € | +78.8% | -377,7 k € | +33.2% | -565,7 k € | -20.8% | -468,3 k € | -23.6% | -379,0 k € | +32.9% | -564,7 k € |
| Operating result | -1,3 M € | -291% | -341,3 k € | +62.9% | -919,9 k € | -13.4% | -811,3 k € | -1095% | -67,9 k € | +90.9% | -744,8 k € | -20.7% | -617,3 k € | +15.1% | -727,0 k € | +22.1% | -933,8 k € | -35.8% | -687,9 k € | -8.4% | -634,7 k € | +24.1% | -835,7 k € | -15.5% | -723,7 k € | -27.1% | -569,4 k € | +12.7% | -652,0 k € |
| Net result | -1,8 M € | -122% | -833,0 k € | +33.9% | -1,3 M € | -16.9% | -1,1 M € | -278% | -285,7 k € | +70.8% | -977,3 k € | -19.3% | -819,4 k € | +15.9% | -974,6 k € | +11.7% | -1,1 M € | -28.7% | -857,6 k € | -14.7% | -747,4 k € | +18.9% | -921,4 k € | -20.5% | -764,8 k € | -29.3% | -591,3 k € | +9.2% | -651,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 38,6 k € | -98.0% | 1,9 M € | +8.0% | 1,7 M € | -7.6% | 1,9 M € | +1.7% | 1,9 M € | +413% | 362,7 k € | -72.9% | 1,3 M € | +416% | 259,5 k € | +10.8% | 234,1 k € | -82.5% | 1,3 M € | +151% | 533,7 k € | -58.3% | 1,3 M € | +6.5% | 1,2 M € | -38.9% | 2,0 M € | +252% | 558,6 k € |
| Total assets | 14,4 M € | -10.6% | 16,1 M € | +0.1% | 16,1 M € | -2.8% | 16,6 M € | +9.7% | 15,1 M € | +16.5% | 13,0 M € | -6.7% | 13,9 M € | +13.4% | 12,3 M € | +2.1% | 12,0 M € | -5.7% | 12,7 M € | +39.9% | 9,1 M € | +53.7% | 5,9 M € | +52.1% | 3,9 M € | +15.0% | 3,4 M € | +242% | 989,0 k € |
| Cash | 3,7 M € | -26.6% | 5,0 M € | +17.2% | 4,3 M € | +7.3% | 4,0 M € | +54.7% | 2,6 M € | +21.9% | 2,1 M € | -39.8% | 3,5 M € | +165% | 1,3 M € | -2.4% | 1,4 M € | -57.0% | 3,1 M € | +256% | 884,6 k € | -28.2% | 1,2 M € | -13.1% | 1,4 M € | -26.2% | 1,9 M € | +532% | 304,1 k € |
| Debts | 14,4 M € | +1.1% | 14,2 M € | -0.8% | 14,3 M € | -2.2% | 14,7 M € | +10.8% | 13,2 M € | +6.7% | 12,4 M € | -1.2% | 12,6 M € | +4.7% | 12,0 M € | +1.9% | 11,8 M € | +3.7% | 11,3 M € | +32.6% | 8,6 M € | +84.7% | 4,6 M € | +72.5% | 2,7 M € | +90.4% | 1,4 M € | +228% | 430,4 k € |
| Other | |||||||||||||||||||||||||||||
| Workforce | 19,7 ETP | -10.0% | 21,9 ETP | -6.4% | 23,4 ETP | +20.0% | 19,5 ETP | +10.2% | 17,7 ETP | -13.2% | 20,4 ETP | +6.8% | 19,1 ETP | -3.0% | 19,7 ETP | -5.3% | 20,8 ETP | -17.8% | 25,3 ETP | +18.8% | 21,3 ETP | +17.0% | 18,2 ETP | +38.9% | 13,1 ETP | +65.8% | 7,9 ETP | +33.9% | 5,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 9 active · 73 ended
Active mandates
Active
Active
ADIE
ActiveActive
Louis De Cannière
ActivePatrick SOMERHAUSEN
ActiveCarine De Nys
ActiveActive
Ended mandates
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 05/06/2026 | 10/06/2025 | 07/06/2024 | 23/08/2023 | 09/03/2023 | 31/08/2021 |
| General meeting | 04/06/2026 | 05/06/2025 | 06/06/2024 | 27/04/2023 | 29/04/2022 | 27/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
16 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 04/06/2026 | 05/06/2026 | French | |
| Abridged model | 31/12/2024 | 05/06/2025 | 10/06/2025 | French | |
| Abridged model | 31/12/2023 | 06/06/2024 | 07/06/2024 | French | |
| Abridged model | 31/12/2022 | 27/04/2023 | 23/08/2023 | French | |
| Abridged model | 31/12/2021 | 29/04/2022 | 09/03/2023 | French | |
| Abridged model | 31/12/2021 | 29/04/2022 | 24/08/2022 | French | |
| Abridged model | 31/12/2020 | 27/04/2021 | 31/08/2021 | French | |
| Abridged model | 31/12/2019 | 18/06/2020 | 23/02/2021 | French | |
| Abridged model | 31/12/2018 | 24/04/2019 | 24/06/2019 | French | |
| Abridged model | 31/12/2017 | 20/04/2018 | 09/07/2018 | French | |
| Abridged model | 31/12/2016 | 24/04/2017 | 10/05/2017 | French | |
| Abridged model | 31/12/2015 | 09/05/2016 | 09/06/2016 | French | |
| Abridged model | 31/12/2014 | 18/05/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 12/05/2014 | 20/05/2014 | French | |
| Abridged model | 31/12/2012 | 24/05/2013 | 08/07/2013 | French | |
| Abridged model | 31/12/2011 | 27/06/2012 | 29/07/2012 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 9 active · 73 ended
Active mandates
Active
Active
ADIE
ActiveActive
Louis De Cannière
ActivePatrick SOMERHAUSEN
ActiveCarine De Nys
ActiveActive
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates07/09/2026Démission, nomination administrateurs et Changement adresse siège
- Mandates28/10/2025DEMISSIONS, NOMINATIONS
- Mandates12/08/2024DEMISSIONS, NOMINATIONS
- Mandates22/05/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Mandates22/05/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Mandates06/07/2023DEMISSIONS, NOMINATIONS
- Mandates28/02/2023DEMISSIONS, NOMINATIONS
- Mandates28/02/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1,8 M €↓
- 2024Annual accounts 2024-833,0 k €↑
- 2023Annual accounts 2023-1,3 M €↓
- 2022Annual accounts 2022-1,1 M €↓
- 2021Annual accounts 2021-285,7 k €↑
- 2020Annual accounts 2020-977,3 k €↓
- 2019Annual accounts 2019-819,4 k €↑
- 2018Annual accounts 2018-974,6 k €↑
- 2017Annual accounts 2017-1,1 M €↓
- 2016Annual accounts 2016-857,6 k €↓
- 2015Annual accounts 2015-747,4 k €↑
- 2014Annual accounts 2014-921,4 k €↓
- 2013Annual accounts 2013-764,8 k €↓
- 2012Annual accounts 2012-591,3 k €↑
- 2011Annual accounts 2011-651,4 k €
- 08/09/2010IncorporationCooperative society