Skip to content

STRACO REAL ESTATE DEVELOPMENT

Active Public limited companyfounded 1994active for 32 yearsKortrijksesteenweg 157, 9830 Sint-Martens-LatemKBO/BCE: BE 0452.758.386 subsidiary of STRACO#3 company by total assets in Sint-Martens-Latem, Real estate sector
Part of the group STRACO RE 38 companies in 5 countries
See the group

Lifetime

19 annual accounts with figures on one time axis, 30 filings since 1996
peak €4.4m (2011)
€693,291▲ 15.5%
lowest -€1.4m (2024)
-€596,816▲ €766,772
peak €15.2m (2022)
€12.0m▼ 4.7%
€80.3m▲ 15.8%
peak 11 FTE (2024)
10.6 FTE▼ 3.6%
Board8 names since 2021
4 directorsStraco RE Besloten vennootschap and 3 others
Owners5 names in the annual accounts
consolidatesSTRACO PE
Documentsfilings and deeds
24-06-202637 days before the deadline
2025financial year
Turnover from €600,142 to €693,291Loss of €596,816Debts from €69.4m to €80.3mInvestments €9.6m

Key points

from the 2025 annual accounts

Losses

-€3.2m in three years
-1.22023-1.42024-0.62025

Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.

Debts

€80.3m 87% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%

Of this, €392,829 falls due within a year.

Payment terms

109 days to suppliers
Suppliers
202 to 109
Customers
497 to 511

STRACO REAL ESTATE DEVELOPMENT pays its suppliers 93 days earlier than in 2024. Customers pay 14 days later.

Liquidity

17.49 was 0.09 in 2024

Short-term debts fell from €64.6m to €392,829.

Position in the sector

-€596,816

Lower net result than 94% of companies in real estate. Sector median €20,526 · 5,817 companies.

Checked score

66
Healthy
Financially stronger than 38% of small companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2% 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.1%▼ -0.1 percentage points vs 01-2025 03-2025: 1.2%▲ +0.1 percentage points vs 02-2025 04-2025: 1.1%▼ -0.1 percentage points vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.3%▲ +0.2 percentage points vs 06-2025 08-2025: 1.7%▲ +0.4 percentage points vs 07-2025 09-2025: 2.0%▲ +0.3 percentage points vs 08-2025 10-2025: 2.6%▲ +0.6 percentage points vs 09-2025highest value 11-2025: 1.0%▼ -1.6 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.1%▲ +0.1 percentage points vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.0%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 1.6%▲ +0.6 percentage points vs 07-2026 09-2026: 1.9%▲ +0.3 percentage points vs 08-2026 10-2026: 1.0%▼ -0.9 percentage points vs 09-2026 11-2026: 1.0%● unchanged vs 10-2026

Financial strength
Weak

38-2equity 13.0% of total assets
51+43short-term debt 0.4% · cash 0.7%
12-13return on assets -0.6%

Score breakdown

raises risk
Equity €12.0m (13.0% of total assets)
Liquidity: current ratio 17.49, cash €635,681
1 change of registered office in 24 months
2 of the last 3 accounts late
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 32% of them on solvency, 63% on liquidity, 5% on profitability and 53% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 17.49 (0.09 in 2024), above the usual 1.5. Short-term debt is 0.4% and cash 0.7% of total assets. However, 87% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises riskneutral
raises risk · Equity €12.0m (13.0% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 17.49, cash €635,681
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2 of the last 3 accounts late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€596,816
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 days early
2024
60 days late
2023
61 days late
2022
140 days late
2021
31 days late
2020
8 days early
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 accounts filed within 80 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SR
Director, since 16-06-2021
T
Director, VAN DEN EYNDEN Erik
TB
Ticaconsult Besloten Vennootschap
Director, since 01-09-2022
VB
ViBel Besloten Vennootschap
Director, since 01-09-2022
FB
Auditor, De Causmaecker Ann
  • STRACO 100%equity €1.52bn (2022) · 30-11-2022 annual accounts of STRACO
  • STRACO RE 100%equity €438.2m (2025) · deed of 12-06-2026
  • STRACO PE consolidatesequity €555.8m (2025) · annual accounts 2025

Shares in 15 companies, including CONNECTOR HUB and HANSIMMO

Board & ownership

Recent changes

Registered office moved from Merelbeke-Melle to Sint-Martens-Latem New registered office: Kortrijksesteenweg 157, 9830 Sint-Martens-Latem, België · Previous registered office: Brusselsesteenweg 197, 9090 Merelbeke-Melle · Gazette deed
Company renamed from ODEBRECHT to STRACO REAL ESTATE DEVELOPMENT Capital contribution of €76,000,000 · Contribution: STRACO RE · Capital contribution: inbreng in natura gedeelte schuldvordering · General meeting of 04-06-2026 · Gazette deed
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Schelle
Registered in the Peppol Directory Reachable for e-invoices through 0208:0452758386
All 47 events

Comparable companies

same main activity, similar in size and age
Company
STRACO REAL ESTATE DEVELOPMENT Sint-Martens-Latem €0.7m -25.0% 13.0% 10.6
Bostoen Group Ghent €0.7m 45.6% 24.1% 10.9
LE FOYER CENTRE ARDENNE Bertrix €3.5m 19.7% 56.8% 8.2
VERSLUYS INVEST Ostend €1.4m -82.6% 50.1% 5.8
ANTONISSEN DEVELOPMENT GROUP Antwerp €6.3m 9.2% 75.9% 10.2
DE GRYSE VINCENT De Panne €0.3m - 99.9% -
BOTANIC BUILDING Saint-Josse-ten-Noode €2.6m - 20.7% -
-10%0%10%20%€1m€10m€100m€1bnSTRACO REAL ESTATE DEVELOPMENTEBIT margin

Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as STRACO REAL ESTATE DEVELOPMENT: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €38m and €246m, founded between 1989 and 2009.

Official details

Source: KBO
Status
Active since 27-05-1994Normal situation
Registered office
48 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Buying and selling of own real estateNACE 68110and 2 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.067.399.7019830 Sint-Martens-Latem, since 28-10-1999
Financial year end
31 December
Peppol
Reachable since 15-07-2025
Company details

Annual accounts 2025

€1.7m▲ 4.1%
€92.3m▲ 12.6%
Employeeson 31-12-2025
13▲ 8.3%
Filing
Filed on 24-06-2026, 37 days before the end of the filing period
Financials

Companies linked to STRACO REAL ESTATE DEVELOPMENT

Insights on STRACO REAL ESTATE DEVELOPMENT

STRACO REAL ESTATE DEVELOPMENT has existed since 1994. Turnover fell from €4.4m in 2011 to €12,544 in 2012 and staff from 2.1 to 1.5 full-time equivalents. The previous financial year ran 15 months, this one 12.

STRACO holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about STRACO REAL ESTATE DEVELOPMENT

What is the company number of STRACO REAL ESTATE DEVELOPMENT?
The company number of STRACO REAL ESTATE DEVELOPMENT is 0452.758.386. The VAT number is the same number with BE in front: BE 0452.758.386.
Where is STRACO REAL ESTATE DEVELOPMENT based?
The registered office is at Kortrijksesteenweg 157, 9830 Sint-Martens-Latem.Company details
What does STRACO REAL ESTATE DEVELOPMENT do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of STRACO REAL ESTATE DEVELOPMENT?
STRACO REAL ESTATE DEVELOPMENT is a public limited company (NV).
When was STRACO REAL ESTATE DEVELOPMENT founded?
STRACO REAL ESTATE DEVELOPMENT was founded on 27-05-1994.
Is STRACO REAL ESTATE DEVELOPMENT still active?
Yes, STRACO REAL ESTATE DEVELOPMENT is an active enterprise in the KBO register.
How many employees does STRACO REAL ESTATE DEVELOPMENT have?
STRACO REAL ESTATE DEVELOPMENT had an average of 10.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does STRACO REAL ESTATE DEVELOPMENT fall under?
In its 2025 annual accounts, STRACO REAL ESTATE DEVELOPMENT states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of STRACO REAL ESTATE DEVELOPMENT?
The turnover of STRACO REAL ESTATE DEVELOPMENT was €693,291 in financial year 2025, according to the filed annual accounts.
Is STRACO REAL ESTATE DEVELOPMENT profitable?
In financial year 2025, STRACO REAL ESTATE DEVELOPMENT made a loss of €596,816.
Where can I find the annual accounts of STRACO REAL ESTATE DEVELOPMENT?
STRACO REAL ESTATE DEVELOPMENT filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of STRACO REAL ESTATE DEVELOPMENT due?
STRACO REAL ESTATE DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.