ODEBRECHT
ActiveSummary
ODEBRECHT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.6m and a net result of -€1.4m. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 4813 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▲+14
Solvency40▼-5
Growth45▼-23
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.12 in 2023; short-term debt: 78.9% and cash: 0.8% of total assets), and 84.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1.4m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
140 d late
2021
31 d late
2020
8 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€600,142▼ 23.2%
2023 · €781,422
EBIT margin
-1.0%▲ 45.5pp
2023 · -46.5%
Net result
-€1.4m▼ 11.3%
2023 · -€1.2m
Working capital
-€58.5m▼ 15.6%
2023 · -€50.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€611,299€781,422▲ 27.8%€600,142▼ 23.2%
Operating result-€56,922▼ 13.5%€92,674€122,185▲ 31.8%-€363,439-€6,154▲ 98.3%
Net result€38,108▲ 295%€121,949▲ 220%€8.4m▲ 6,757%-€1.2m-€1.4m▼ 11.3%
EBIT margin20.0%-46.5%▼ 66.5pp-1.0%▲ 45.5pp
Equity€6.7m▲ 0.6%€6.8m▲ 1.8%€15.2m▲ 123%€14.0m▼ 8.1%€12.6m▼ 9.8%
Total assets€29.3m▲ 39.8%€31.6m▲ 8.0%€122.4m▲ 288%€71.5m▼ 41.6%€82.0m▲ 14.6%
Debt€22.5m▲ 58.1%€24.8m▲ 9.8%€107.3m▲ 333%€57.6m▼ 46.3%€69.4m▲ 20.5%
Working capital-€19.9m▼ 70.9%-€22.2m▼ 11.6%€3.9m-€50.6m-€58.5m▼ 15.6%
Staff (FTE)5.6▼ 11.1%6.6▲ 17.9%7▲ 6.1%9▲ 28.6%11▲ 22.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,154 in 2024 against €363,439 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82.0m
Fixed assets
€75.8m ▲ 17.4%
Current assets
€6.1m ▼ 11.4%
Equity and liabilities €82.0m
Equity
€12.6m ▼ 9.8%
Debt
€69.4m ▲ 20.5%
Debt's share of the balance-sheet total rises from 80.5% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,395▲
2023 · -€336,914
Cash flow
-€1.3m▼
2023 · -€1.2m
Current ratio
0.09▼
2023 · 0.12
Debt to equity
5.51▲
2023 · 4.12
ROE
-10.8%▼
2023 · -8.8%
ROA
-1.7%▲
2023 · -1.7%
Interest coverage
0.01▲
2023 · -0.08
Debt ≤ 1 year
€64.6m▲
2023 · €57.5m
Staff costs
€993,267▲
2023 · €818,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.2m | €1.4m | €1.6m | ▲ 15.6% |
| Turnover70 | - | - | €611,299 | €781,422 | €600,142 | ▼ 23.2% |
| Other operating income74 | - | - | €558,459 | €612,056 | €737,611 | ▲ 20.5% |
| Non-recurring operating income76A | - | - | €128 | - | €273,263 | - |
| Operating charges60/66A | - | - | €1.0m | €1.8m | €1.6m | ▼ 8.0% |
| Goods for resale, raw materials and consumables60 | - | - | €2,532 | - | - | - |
| Purchases600/8 | - | - | €2,532 | - | - | - |
| Services and other goods61 | - | - | €426,426 | €873,796 | €572,693 | ▼ 34.5% |
| Remuneration, social security and pensions62 | - | €534,816 | €595,862 | €818,942 | €993,267 | ▲ 21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,311 | €21,957 | €17,348 | €26,525 | €37,549 | ▲ 41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €30,890 | - | - |
| Other operating charges640/8 | - | €21,710 | €5,533 | €6,764 | €13,653 | ▲ 102% |
| Non-recurring operating charges66A | - | €2,137 | - | - | €9 | - |
| Gross operating margin9900 | €499,321 | €673,294 | - | - | - | - |
| Operating profit (loss)9901 | -€56,922 | €92,674 | €122,185 | -€363,439 | -€6,154 | ▲ 98.3% |
| Financial income75/76B | - | €222,007 | €12.8m | €3.5m | €3.4m | ▼ 2.5% |
| Recurring financial income75 | €219,210 | €222,007 | €12.8m | €3.5m | €3.4m | ▼ 2.5% |
| Income from financial fixed assets750 | - | - | €12.2m | - | - | - |
| Income from current assets751 | - | - | €603,763 | €3.5m | €3.0m | ▼ 14.4% |
| Other financial income752/9 | - | - | €0 | - | €413,879 | - |
| Financial charges65/66B | - | €143,734 | €4.6m | €4.3m | €4.7m | ▲ 9.5% |
| Recurring financial charges65 | €100,710 | €143,734 | €863,321 | €4.2m | €4.7m | ▲ 12.1% |
| Debt charges650 | - | - | €854,365 | €4.2m | €4.7m | ▲ 12.0% |
| Other financial charges652/9 | - | - | €8,955 | €7,802 | €10,697 | ▲ 37.1% |
| Non-recurring financial charges66B | - | - | €3.7m | €100,000 | - | - |
| Profit (loss) for the period before taxes9903 | €61,579 | €170,947 | €8.4m | -€1.2m | -€1.4m | ▼ 11.5% |
| Income taxes67/77 | €23,470 | €48,998 | €468 | €1,782 | - | - |
| Taxes670/3 | - | - | €1,365 | €1,782 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €896 | - | - | - |
| Profit (loss) for the period9904 | €38,108 | €121,949 | €8.4m | -€1.2m | -€1.4m | ▼ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €38,108 | €121,949 | €8.4m | -€1.2m | -€1.4m | ▼ 11.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29.3m | €31.6m | €122.4m | €71.5m | €82.0m | ▲ 14.6% |
| Fixed assets21/28 | €26.7m | €29.2m | €118.1m | €64.6m | €75.8m | ▲ 17.4% |
| Intangible fixed assets21 | €678 | €43 | - | - | - | - |
| Tangible fixed assets22/27 | €43,342 | €44,396 | €26,888 | €117,305 | €142,223 | ▲ 21.2% |
| Plant, machinery and equipment23 | - | €2,159 | €1,161 | €365 | €5,991 | ▲ 1,540% |
| Furniture and vehicles24 | - | €42,237 | €25,727 | €111,197 | €129,590 | ▲ 16.5% |
| Other tangible fixed assets26 | - | - | - | €5,743 | €6,643 | ▲ 15.7% |
| Financial fixed assets28 | €26.7m | €29.1m | €118.1m | €64.5m | €75.7m | ▲ 17.4% |
| Affiliated companies280/1 | - | - | €108.5m | €44.0m | €52.7m | ▲ 19.7% |
| Participating interests280 | - | - | €24.9m | €22.0m | €22.7m | ▲ 3.2% |
| Amounts receivable281 | - | - | €83.6m | €22.0m | €30.0m | ▲ 36.3% |
| Companies linked by participating interests282/3 | - | - | €9.6m | €20.5m | €23.0m | ▲ 12.3% |
| Participating interests282 | - | - | €2.2m | €4.8m | €4.8m | = |
| Amounts receivable283 | - | - | €7.3m | €15.7m | €18.2m | ▲ 16.1% |
| Current assets29/58 | €2.5m | €2.4m | €4.3m | €6.9m | €6.1m | ▼ 11.4% |
| Stocks and contracts in progress3 | €7,206 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €963,951 | €1.1m | €1.2m | €2.9m | €2.4m | ▼ 19.6% |
| Trade receivables40 | - | €953,232 | €1.1m | €1.2m | €816,766 | ▼ 29.9% |
| Other amounts receivable41 | - | €154,500 | €51,620 | €1.8m | €1.6m | ▼ 12.9% |
| Cash at bank and in hand54/58 | €1.1m | €747,054 | €2.7m | €436,905 | €639,217 | ▲ 46.3% |
| Deferred charges and accrued income490/1 | - | €559,098 | €492,144 | €3.5m | €3.1m | ▼ 11.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29.3m | €31.6m | €122.4m | €71.5m | €82.0m | ▲ 14.6% |
| Equity10/15 | €6.7m | €6.8m | €15.2m | €14.0m | €12.6m | ▼ 9.8% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €128,765 | €128,765 | €128,765 | €128,765 | €128,765 | = |
| Non-distributable reserves130/1 | - | €128,765 | €128,765 | €128,765 | €128,765 | = |
| Legal reserve130 | - | €128,765 | €128,765 | €128,765 | €128,765 | = |
| Profit (loss) carried forward14 | €5.3m | €5.4m | €13.8m | €12.5m | €11.2m | ▼ 10.9% |
| Amounts payable17/49 | €22.5m | €24.8m | €107.3m | €57.6m | €69.4m | ▲ 20.5% |
| Amounts payable after more than one year17 | - | - | €106.0m | - | - | - |
| Other amounts payable178/9 | - | - | €106.0m | - | - | - |
| Amounts payable within one year42/48 | €22.5m | €24.6m | €404,714 | €57.5m | €64.6m | ▲ 12.3% |
| Trade debts44 | €92,425 | €175,925 | €295,047 | €5.0m | €316,855 | ▼ 93.6% |
| Suppliers440/4 | - | €175,925 | €295,047 | €5.0m | €316,855 | ▼ 93.6% |
| Taxes, remuneration and social security45 | - | €176,630 | €102,608 | €142,593 | €113,211 | ▼ 20.6% |
| Taxes450/3 | - | €110,899 | €37,814 | €24,339 | €11,407 | ▼ 53.1% |
| Remuneration and social security454/9 | - | €65,731 | €64,794 | €118,254 | €101,803 | ▼ 13.9% |
| Other amounts payable47/48 | - | €24.3m | €7,059 | €52.4m | €64.2m | ▲ 22.5% |
| Accrued charges and deferred income492/3 | - | €111,252 | €847,320 | €17,102 | €4.7m | ▲ 27,560% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,108 | €121,949 | €8.4m | -€1.2m | -€1.4m | ▼ 11.3% |
| + Depreciation and write-downs630 | €44,311 | €21,957 | €17,348 | €26,525 | €37,549 | ▲ 41.6% |
| Operating cash flow (approximation) | €82,419 | €143,906 | €8.4m | -€1.2m | -€1.3m | ▼ 10.7% |
| Investment in fixed assets (approximation) | - | -€2.5m | -€89.0m | €53.5m | -€11.3m | ▼ 121% |
| Change in cash | - | -€378,364 | €1.9m | -€2.2m | €202,313 | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
31-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 16/07/2026
- Registered-office move, Kortrijksesteenweg 157, 9830 Sint-Martens-Latem, België
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 140 days late
2022
31-12
Financial
Highest result since 2018net €8.4m ▲6,757%
Operating result €122,185, net result €8.4m, both a record.
31-12
Financial
Liquidity times 109current ratio 10.70
Current ratio from 0.10 to 10.70; short-term debt falls from €24.6m to €404,714.
31-12
Financial
Equity above €10mEq €15.2m ▲123%
5 profitable years in a row build equity to €15.2m.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 1999
Ground area
7,565 m²
Parcel 44064B0716/00S000, Flanders. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
Kortrijksesteenweg 157, 9830 Sint-Martens-Latem
since 19992.067.399.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0716/00S000 | Flanders | 7,565 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 1,039 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-05-1994
Fiscal year end31-12
Legal name NL
STRACO REAL ESTATE DEVELOPMENT
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.