Losses
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €392,829 falls due within a year.
STRACO REAL ESTATE DEVELOPMENT pays its suppliers 93 days earlier than in 2024. Customers pay 14 days later.
Short-term debts fell from €64.6m to €392,829.
Lower net result than 94% of companies in real estate. Sector median €20,526 · 5,817 companies.
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).
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).
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.
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.
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.
Shares in 15 companies, including CONNECTOR HUB and HANSIMMO
Board & ownership| 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% | - |
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.
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.
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