STRACO REAL ESTATE DEVELOPMENT has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.0m and a net result of -€596,816. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 26% of 5,767 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
TICACONSULTDirector · permanent representative VAN DEN EYNDEN Erik
ViBelDirector · permanent representative Carl-Philip DE VILLEGAS DE CLERCAMP
ELIAS WHEMABDirector · permanent representative Bart ELIAS
Auditor: FIGURAD BEDRIJFSREVISOREN2025 accounts 37 days early3 of 16 deeds summarised
Why 66raises riskEquity €12.0m (13.0% of total assets)Liquidity: current ratio 17.49, cash €635,6811 change of registered office in 24 months2 of the last 3 lateShow the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
66/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 38% of its sector peers (NACE 68, small)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency38-2
equity 13.0% of total assets
Liquidity51+43
short-term debt 0.4% · cash 0.7%
Profitability12-13
return on assets -0.6%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
1.0%Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.1% (6,986 companies, NACE 68, small)
Last 24 months11-2024: 1.2%12-2024: 1.2%● unchanged vs 11-202401-2025: 1.2%● unchanged vs 12-202402-2025: 1.1%▼ -0.1 percentage points vs 01-202503-2025: 1.2%▲ +0.1 percentage points vs 02-202504-2025: 1.1%▼ -0.1 percentage points vs 03-202505-2025: 1.1%● unchanged vs 04-202506-2025: 1.1%● unchanged vs 05-202507-2025: 1.3%▲ +0.2 percentage points vs 06-202508-2025: 1.7%▲ +0.4 percentage points vs 07-202509-2025: 2.0%▲ +0.3 percentage points vs 08-202510-2025: 2.6%▲ +0.6 percentage points vs 09-2025highest value11-2025: 1.0%▼ -1.6 percentage points vs 10-202512-2025: 1.0%● unchanged vs 11-202501-2026: 1.0%● unchanged vs 12-202502-2026: 1.0%● unchanged vs 01-202603-2026: 1.1%▲ +0.1 percentage points vs 02-202604-2026: 1.1%● unchanged vs 03-202605-2026: 1.1%● unchanged vs 04-202606-2026: 1.1%● unchanged vs 05-202607-2026: 1.0%▼ -0.1 percentage points vs 06-2026lowest value08-2026: 1.6%▲ +0.6 percentage points vs 07-202609-2026: 1.9%▲ +0.3 percentage points vs 08-202610-2026: 1.0%▼ -0.9 percentage points vs 09-2026
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity ample (current ratio 17.49, compared with 0.09 in 2024, above the usual 1.5; short-term debt: 0.4% and cash: 0.7% of total assets), but 87% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 32% on solvency, 63% on liquidity, 5% on profitability and 53% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median (NACE 68) for financial year 2024 is 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 filed years within 80 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€92.3m2025Equity€12.0m2025Debt€80.3m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€6.5m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-25.0%2025Return on assets (ROA)-0.6%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency13.0%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio17.492025
Average staff in full-time equivalents (FTE).
Staff (FTE)10.62025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€0.01m-€0.01m▲ 1.2%€0.04mwithin the sector's middle half▲ 295%€0.1mabove the sector's middle half▲ 220%€8.4mabove the sector's middle half▲ 69×-€1.2mbelow the sector's middle half-€1.4mbelow the sector's middle half▼ 11.3%-€0.6mbelow the sector's middle half▲ 56.2%
Equity€6.7m-€6.7m▲ 0.1%€6.7mabove the sector's middle half▲ 0.6%€6.8mabove the sector's middle half▲ 1.8%€15.2mabove the sector's middle half▲ 123%€14.0mabove the sector's middle half▼ 8.1%€12.6mabove the sector's middle half▼ 9.8%€12.0mabove the sector's middle half▼ 4.7%
Total assets€19.4m-€20.9m▲ 8.0%€29.3mabove the sector's middle half▲ 39.8%€31.6mabove the sector's middle half▲ 8.0%€122.4mabove the sector's middle half▲ 288%€71.5mabove the sector's middle half▼ 41.6%€82.0mabove the sector's middle half▲ 14.6%€92.3mabove the sector's middle half▲ 12.6%
Working capital-€10.2m--€11.7m▼ 14.6%-€19.9mbelow the sector's middle half▼ 70.9%-€22.2mbelow the sector's middle half▼ 11.6%€3.9mabove the sector's middle half-€50.6mbelow the sector's middle half-€58.5mbelow the sector's middle half▼ 15.6%€6.5mabove the sector's middle half
Solvency34.3%-31.8%▼ 2.5pp22.9%within the sector's middle half▼ 8.9pp21.6%within the sector's middle half▼ 1.3pp12.4%within the sector's middle half▼ 9.2pp19.5%within the sector's middle half▲ 7.1pp15.4%within the sector's middle half▼ 4.2pp13.0%within the sector's middle half▼ 2.4pp
Current ratio0.20-0.18▼ 0.020.11below the sector's middle half▼ 0.060.10below the sector's middle half▼ 0.0210.70above the sector's middle half▲ 10.600.12below the sector's middle half▼ 10.580.09below the sector's middle half▼ 0.0317.49above the sector's middle half▲ 17.39
Return on assets (ROA)0.0%-0.0%=0.1%within the sector's middle half▲ 0.1pp0.4%within the sector's middle half▲ 0.3pp6.8%above the sector's middle half▲ 6.4pp-1.7%within the sector's middle half▼ 8.5pp-1.7%within the sector's middle half=-0.6%within the sector's middle half▲ 1.0pp
Staff (FTE)4.9-6.3▲ 28.6%5.6above the sector's middle half▼ 11.1%6.6above the sector's middle half▲ 17.9%7within the sector's middle half▲ 6.1%9above the sector's middle half▲ 28.6%11above the sector's middle half▲ 22.2%10.6above the sector's middle half▼ 3.6%
abovewithinbelowthe middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
2022Net result +6,757% on 2021.The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92.3m
92.6%
7%
Fixed assets€85.4m ▲ 12.6%
Current assets€6.9m ▲ 12.2%
Equity and liabilities €92.3m
13.0%
87.0%
Equity€12.0m ▼ 4.7%
Debt€80.3m ▲ 15.8%
Debt's share of the balance-sheet total rises from 84.6% to 87.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€128,665▼
2024 · €31,395
Cash flow
-€551,988▲
2024 · -€1.3m
Debt to equity
6.69▲
2024 · 5.51
ROE
-5.0%▲
2024 · -10.8%
Interest coverage
-0.05▼
2024 · 0.01
Debt ≤ 1 year
€392,829▼
2024 · €64.6m
Debt > 1 year
€77.3m
Staff costs
€1.0m▲
2024 · €993,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 65 lines
Balance sheetCode20242025
Assets
Total assets20/58€82.0m€92.3m▲
Fixed assets21/28€75.8m€85.4m▲
Tangible fixed assets22/27€0.1m€0.1m▼
Plant, machinery and equipment23€0.006m€0.007m▲
Furniture and vehicles24€0.1m€0.1m▼
Other tangible fixed assets26€0.007m€0.005m▼
Financial fixed assets28€75.7m€85.3m▲
Affiliated companies280/1€52.7m€61.1m▲
Participating interests280€22.7m€22.7m=
Amounts receivable281€30.0m€38.4m▲
Companies linked by participating interests282/3€23.0m€24.2m▲
Participating interests282€4.8m€4.8m=
Amounts receivable283€18.2m€19.4m▲
Current assets29/58€6.1m€6.9m▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€2.4m€2.1m▼
Trade receivables40€0.8m€1.0m▲
Other amounts receivable41€1.6m€1.1m▼
Cash at bank and in hand54/58€0.6m€0.6m▼
Deferred charges and accrued income490/1€3.1m€4.1m▲
Equity and liabilities
Total equity and liabilities10/49€82.0m€92.3m▲
Equity10/15€12.6m€12.0m▼
Contributions10/11€1.3m€1.3m=
Capital10€1.3m€1.3m=
Issued capital100€1.3m€1.3m=
Reserves13€0.1m€0.1m=
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Profit (loss) carried forward14€11.2m€10.6m▼
Amounts payable17/49€69.4m€80.3m▲
Amounts payable after more than one year17-€77.3m
Other amounts payable178/9-€77.3m
Amounts payable within one year42/48€64.6m€0.4m▼
Trade debts44€0.3m€0.2m▼
Suppliers440/4€0.3m€0.2m▼
Taxes, remuneration and social security45€0.1m€0.1m▲
Taxes450/3€0.01m€0.04m▲
Remuneration and social security454/9€0.1m€0.1m▲
Other amounts payable47/48€64.2m€0.008m▼
Accrued charges and deferred income492/3€4.7m€2.6m▼
Income statementCode20242025
Operating income70/76A€1.6m€1.7m▲
Turnover70€0.6m€0.7m▲
Other operating income74€0.7m€0.7m▼
Non-recurring operating income76A€0.3m€0.3m▼
Operating charges60/66A€1.6m€1.9m▲
Services and other goods61€0.6m€0.8m▲
Remuneration, social security and pensions62€1.0m€1.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m▲
Other operating charges640/8€0.01m€0.004m▼
Non-recurring operating charges66A€9€0▼
Operating profit (loss)9901-€0.006m-€0.2m▼
Financial income75/76B€3.4m€2.3m▼
Recurring financial income75€3.4m€2.3m▼
Income from current assets751€3.0m€2.3m▼
Other financial income752/9€0.4m€0▼
Financial charges65/66B€4.7m€2.7m▼
Recurring financial charges65€4.7m€2.7m▼
Debt charges650€4.7m€2.7m▼
Other financial charges652/9€0.01m€0.009m▼
Profit (loss) for the period before taxes9903-€1.4m-€0.6m▲
Profit (loss) for the period9904-€1.4m-€0.6m▲
Profit (loss) for the period to be appropriated9905-€1.4m-€0.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906€11.2m€10.6m▼
Profit (loss) brought forward from the previous period14P€12.5m€11.2m▼
Social balance sheet
Average headcount (FTE)908711.010.6▼
The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
-
€1.2m
€1.4m
€1.6m
€1.7m
▲ 4.1%
Turnover70
-
-
-
-
€0.6m
€0.8m
€0.6m
€0.7m
▲ 15.5%
Other operating income74
-
-
-
-
€0.6m
€0.6m
€0.7m
€0.7m
▼ 0.8%
Non-recurring operating income76A
-
-
-
-
€128
-
€0.3m
€0.3m
▼ 7.9%
Operating charges60/66A
-
-
-
-
€1.0m
€1.8m
€1.6m
€1.9m
▲ 14.4%
Goods for resale, raw materials and consumables60
-
-
-
-
€0.003m
-
-
-
-
Purchases600/8
-
-
-
-
€0.003m
-
-
-
-
Services and other goods61
-
-
-
-
€0.4m
€0.9m
€0.6m
€0.8m
▲ 38.8%
Remuneration, social security and pensions62
-
-
-
€0.5m
€0.6m
€0.8m
€1.0m
€1.0m
▲ 1.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.04m
€0.05m
€0.04m
€0.02m
€0.02m
€0.03m
€0.04m
€0.04m
▲ 19.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-
-
€0.03m
-
-
-
Other operating charges640/8
-
-
-
€0.02m
€0.006m
€0.007m
€0.01m
€0.004m
▼ 71.9%
Non-recurring operating charges66A
-
-
-
€0.002m
-
-
€9
€0
▼ 100%
Gross operating margin9900
€0.5m
€0.5m
€0.5m
€0.7m
-
-
-
-
-
Operating profit (loss)9901
-€0.01m
-€0.05m
-€0.06m
€0.09m
€0.1m
-€0.4m
-€0.006m
-€0.2m
▼ 2,719%
Financial income75/76B
-
-
-
€0.2m
€12.8m
€3.5m
€3.4m
€2.3m
▼ 33.4%
Recurring financial income75
€0.1m
€0.2m
€0.2m
€0.2m
€12.8m
€3.5m
€3.4m
€2.3m
▼ 33.4%
Income from financial fixed assets750
-
-
-
-
€12.2m
-
-
-
-
Income from current assets751
-
-
-
-
€0.6m
€3.5m
€3.0m
€2.3m
▼ 24.1%
Other financial income752/9
-
-
-
-
€0
-
€0.4m
€0
▼ 100%
Financial charges65/66B
-
-
-
€0.1m
€4.6m
€4.3m
€4.7m
€2.7m
▼ 43.6%
Recurring financial charges65
€0.08m
€0.1m
€0.1m
€0.1m
€0.9m
€4.2m
€4.7m
€2.7m
▼ 43.6%
Debt charges650
-
-
-
-
€0.9m
€4.2m
€4.7m
€2.7m
▼ 43.6%
Other financial charges652/9
-
-
-
-
€0.009m
€0.008m
€0.01m
€0.009m
▼ 19.2%
Non-recurring financial charges66B
-
-
-
-
€3.7m
€0.1m
-
-
-
Profit (loss) for the period before taxes9903
€0.02m
€0.02m
€0.06m
€0.2m
€8.4m
-€1.2m
-€1.4m
-€0.6m
▲ 56.2%
Income taxes67/77
€0.01m
€0.01m
€0.02m
€0.05m
€468
€0.002m
-
-
-
Taxes670/3
-
-
-
-
€0.001m
€0.002m
-
-
-
Tax adjustments and reversals of tax provisions77
-
-
-
-
€0.001m
-
-
-
-
Profit (loss) for the period9904
€0.01m
€0.01m
€0.04m
€0.1m
€8.4m
-€1.2m
-€1.4m
-€0.6m
▲ 56.2%
Profit (loss) for the period to be appropriated9905
€0.01m
€0.01m
€0.04m
€0.1m
€8.4m
-€1.2m
-€1.4m
-€0.6m
▲ 56.2%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€19.4m
€20.9m
€29.3m
€31.6m
€122.4m
€71.5m
€82.0m
€92.3m
▲ 12.6%
Fixed assets21/28
€16.9m
€18.4m
€26.7m
€29.2m
€118.1m
€64.6m
€75.8m
€85.4m
▲ 12.6%
Intangible fixed assets21
€0.004m
€0.002m
€0.001m
€43
-
-
-
-
-
Tangible fixed assets22/27
€0.1m
€0.09m
€0.04m
€0.04m
€0.03m
€0.1m
€0.1m
€0.1m
▼ 19.7%
Plant, machinery and equipment23
-
-
-
€0.002m
€0.001m
€365
€0.006m
€0.007m
▲ 21.1%
Furniture and vehicles24
-
-
-
€0.04m
€0.03m
€0.1m
€0.1m
€0.1m
▼ 21.2%
Other tangible fixed assets26
-
-
-
-
-
€0.006m
€0.007m
€0.005m
▼ 27.5%
Financial fixed assets28
€16.8m
€18.3m
€26.7m
€29.1m
€118.1m
€64.5m
€75.7m
€85.3m
▲ 12.7%
Affiliated companies280/1
-
-
-
-
€108.5m
€44.0m
€52.7m
€61.1m
▲ 16.1%
Participating interests280
-
-
-
-
€24.9m
€22.0m
€22.7m
€22.7m
=
Amounts receivable281
-
-
-
-
€83.6m
€22.0m
€30.0m
€38.4m
▲ 28.3%
Companies linked by participating interests282/3
-
-
-
-
€9.6m
€20.5m
€23.0m
€24.2m
▲ 4.9%
Participating interests282
-
-
-
-
€2.2m
€4.8m
€4.8m
€4.8m
=
Amounts receivable283
-
-
-
-
€7.3m
€15.7m
€18.2m
€19.4m
▲ 6.3%
Current assets29/58
€2.5m
€2.5m
€2.5m
€2.4m
€4.3m
€6.9m
€6.1m
€6.9m
▲ 12.2%
Stocks and contracts in progress3
€0.1m
€0.6m
€0.007m
-
-
-
-
€0
-
Amounts receivable within one year40/41
€1.6m
€1.0m
€1.0m
€1.1m
€1.2m
€2.9m
€2.4m
€2.1m
▼ 10.5%
Trade receivables40
-
-
-
€1.0m
€1.1m
€1.2m
€0.8m
€1.0m
▲ 18.9%
Other amounts receivable41
-
-
-
€0.2m
€0.05m
€1.8m
€1.6m
€1.1m
▼ 26.1%
Cash at bank and in hand54/58
€0.5m
€0.5m
€1.1m
€0.7m
€2.7m
€0.4m
€0.6m
€0.6m
▼ 0.6%
Deferred charges and accrued income490/1
-
-
-
€0.6m
€0.5m
€3.5m
€3.1m
€4.1m
▲ 32.0%
Equity and liabilities
Total equity and liabilities10/49
€19.4m
€20.9m
€29.3m
€31.6m
€122.4m
€71.5m
€82.0m
€92.3m
▲ 12.6%
Equity10/15
€6.7m
€6.7m
€6.7m
€6.8m
€15.2m
€14.0m
€12.6m
€12.0m
▼ 4.7%
Contributions10/11
€1.3m
€1.3m
€1.3m
€1.3m
€1.3m
€1.3m
€1.3m
€1.3m
=
Capital10
-
-
-
€1.3m
€1.3m
€1.3m
€1.3m
€1.3m
=
Issued capital100
-
-
-
€1.3m
€1.3m
€1.3m
€1.3m
€1.3m
=
Reserves13
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Non-distributable reserves130/1
-
-
-
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Legal reserve130
-
-
-
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Profit (loss) carried forward14
€5.2m
€5.2m
€5.3m
€5.4m
€13.8m
€12.5m
€11.2m
€10.6m
▼ 5.3%
Amounts payable17/49
€12.7m
€14.3m
€22.5m
€24.8m
€107.3m
€57.6m
€69.4m
€80.3m
▲ 15.8%
Amounts payable after more than one year17
-
-
-
-
€106.0m
-
-
€77.3m
-
Other amounts payable178/9
-
-
-
-
€106.0m
-
-
€77.3m
-
Amounts payable within one year42/48
€12.7m
€14.2m
€22.5m
€24.6m
€0.4m
€57.5m
€64.6m
€0.4m
▼ 99.4%
Trade debts44
€0.02m
€0.009m
€0.09m
€0.2m
€0.3m
€5.0m
€0.3m
€0.2m
▼ 24.9%
Suppliers440/4
-
-
-
€0.2m
€0.3m
€5.0m
€0.3m
€0.2m
▼ 24.9%
Taxes, remuneration and social security45
-
-
-
€0.2m
€0.1m
€0.1m
€0.1m
€0.1m
▲ 29.7%
Taxes450/3
-
-
-
€0.1m
€0.04m
€0.02m
€0.01m
€0.04m
▲ 288%
Remuneration and social security454/9
-
-
-
€0.07m
€0.06m
€0.1m
€0.1m
€0.1m
▲ 0.7%
Other amounts payable47/48
-
-
-
€24.3m
€0.007m
€52.4m
€64.2m
€0.008m
▼ 100.0%
Accrued charges and deferred income492/3
-
-
-
€0.1m
€0.8m
€0.02m
€4.7m
€2.6m
▼ 45.6%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€0.01m
€0.01m
€0.04m
€0.1m
€8.4m
-€1.2m
-€1.4m
-€0.6m
▲ 56.2%
+ Depreciation and write-downs630
€0.04m
€0.05m
€0.04m
€0.02m
€0.02m
€0.03m
€0.04m
€0.04m
▲ 19.4%
Operating cash flow (approximation)
€0.05m
€0.06m
€0.08m
€0.1m
€8.4m
-€1.2m
-€1.3m
-€0.6m
▲ 58.4%
Investment in fixed assets (approximation)
-
-€1.6m
-€8.3m
-€2.5m
-€89.0m
€53.5m
-€11.3m
-€9.6m
▲ 14.5%
Change in cash
-
-€374
€0.6m
-€0.4m
€1.9m
-€2.2m
€0.2m
-€0.004m
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 7,223 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,530. 1,078 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2024
This board is reconstructed from a single act (23148251). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Not every act has been read: a resignation may still be missing
13 of this company's 16 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Owners
Owners
Who owns the company, as the companies file it in their annual accounts, with the chain of control up to the highest known parent.
According to the 2025 annual accounts of STRACO REAL ESTATE DEVELOPMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
According to the 2025 annual accounts of STRACO REAL ESTATE DEVELOPMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
34 connected companies
Depth
Shared directorsBundled connections
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 27 May 1994, STRACO REAL ESTATE DEVELOPMENT was incorporated.1In 2026 the company took the name STRACO REAL ESTATE DEVELOPMENT.2The registered office was moved to Sint-Martens-Latem in 2026.3Turnover went from €611,299 in 2022 to €693,291 in 2025 and headcount from 4.9 full-time equivalents in 2018 to 10.6 in 2025.4
Gazette deedReappointments: Figurad Bedrijfsrevisoren BV (statutory auditor) and TICACONSULT (director)
Resignation: STRACO (director) · Permanent representatives: DE RAEDT Gino, VAN DEN EYNDEN Erik and DE VILLEGAS DE CLERCAMP Carl-Philip · Amendment of the articles24 facts ▸
General meeting, 04-06-2026
Amendment of the articles (2 times)
Shareholding, “artikel 2:8 §4 WVV” (deed in Dutch)
Auditor report, “verslag commissaris inbreng in natura, financiële en boekhoudkundige gegevens in alle van materieel belang zijnde opzichten getrouw en voldoende” (deed in Dutch)
Auditor report, “conclusie inbreng in natura, Norm inzake opdracht bedrijfsrevisor inbreng in natura en quasi-inbreng Instituut Bedrijfsrevisoren” (deed in Dutch)
Auditor report, “uitgifte aandelen, niets onder aandacht dat gegevens niet in alle materiële opzichten getrouw en voldoende zijn” (deed in Dutch)
Other provision, “no fairness opinion en laattijdigheid” (deed in Dutch)
Other provision, “verantwoordelijkheid bestuursorgaan inbreng in natura” (deed in Dutch)
Capital contribution
+12 further facts in this act
2025
31-12
FinancialLiquidity more than 184 timescurrent ratio 17.49
Current ratio from 0.09 to 17.49; short-term debt falls from €64.6m to €392,829.
29-09
NBB filingAnnual accounts filed
financial year 2024 · full format · 60 days late
2024
31-12
FinancialWeakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series; recovery starts the following year.
30-09
NBB filingAnnual accounts filed
financial year 2023 · full format · 61 days late
2023
18-12
NBB filingAnnual accounts filed
financial year 2022 · full format · 140 days late
22-11
Gazette deedReappointments: BV STRACO (director) and BV ELIAS WHEMAB (director)
Permanent representatives: Gino De Raedt, Bart ELIAS and 3 others · Resignation: BV ELIAS WHEMAB (director) · Appointments: VIBEL, TICACONSULT and FIGURAD BEDRIJFSREVISOREN BV15 facts ▸
General meeting, 16-06-2021
Director reappointment, BV STRACO (director)
Permanent representative, Gino De Raedt
Director reappointment, BV ELIAS WHEMAB (director)
Permanent representative, Bart ELIAS
General meeting, 01-09-2022
Director resignation, BV ELIAS WHEMAB (director)
Director appointment, VIBEL (director)
Permanent representative, Carl-Philip DE VILLEGAS DE CLERCAMP
Director appointment, TICACONSULT (director)
Permanent representative, Erik VAN DEN EYNDEN
General meeting, 14-11-2022
+3 further facts in this act
2022
31-12
FinancialHighest result from 2018 to 2025net €8.4m ▲6,757%
Operating result €122,185, net result €8.4m, both a record.
31-12
FinancialLiquidity more than 109 timescurrent ratio 10.70
Current ratio from 0.10 to 10.70; short-term debt falls from €24.6m to €404,714.
31-12
FinancialEquity above €10mequity €15.2m ▲123%
A profit in every financial year since 2018 builds equity to €15.2m.
Show earlier events
31-08
NBB filingAnnual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
23-07
NBB filingAnnual accounts filed
financial year 2020 · abbreviated format
2020
07-07
NBB filingAnnual accounts filed
financial year 2019 · abbreviated format
2019
26-06
NBB filingAnnual accounts filed
financial year 2018 · abbreviated format
2018
25-06
NBB filingAnnual accounts filed
financial year 2017 · abbreviated format
2017
30-06
NBB filingAnnual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 30 annual accounts filed, the latest 10 are here; all 30 are under Financials.
3 of 16 deeds read
About the unread acts
Of the 16 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation
If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number
0452.758.386
Environmental permits
2 applications in Flanders since 2022 · 2 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Granted on 15-09-2025submitted 22-05-2025authority: Schelleproject 2025060214
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Granted on 20-12-2022submitted 29-10-2022authority: Merelbeke-Melleproject 2022144503
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
STRACO REAL ESTATE DEVELOPMENT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, bestuursorgaan mag administratieve zetels,agentschappen,ateliers,opslagplaatsen en bijhuizen oprichten of opheffen in België…” (deed in Dutch)
Board ruleHow the board is made up, meets and takes decisions.
“Enkel algemene vergadering mag nieuwe bestuurder benoemen bij openvallen plaats vóór einde mandaat, ten minste minimum aantal leden door wet…” (deed in Dutch)
Other provisionsOther rules from the articles that fall under none of the themes above.
Other provision: “Voorzitterschap raad van bestuur, raad kan ondervoorzitter benoemen” (deed in Dutch)
Other provision: “Telkens belang vennootschap vereist alsook binnen 14 dagen na verzoek twee bestuurders, plaats in oproepingsbrief,bij gebrek in zetel” (deed in Dutch)
Other provision: “Bevoegdheden bestuursorgaan, raad bevoegd alle handelingen nodig of dienstig tot verwezenlijking voorwerp behoudens waarvoor volgens wet of…” (deed in Dutch)
Other provision: “Dagelijks bestuur, gedelegeerd bestuurder” (deed in Dutch)
Other provision: “Vergoeding bestuurder, algemene vergadering” (deed in Dutch)
Other provision: “Één of meer, controle financiële toestand,jaarrekening en regelmatigheid verrichtingen” (deed in Dutch)
Other provision: “Aanwezigheidslijst, alvorens vergadering wordt begonnen” (deed in Dutch)
Other provision: “Elke aandeelhouder, stemming per brief” (deed in Dutch)
Other provision: “Samenstelling bureau, twee stemopnemers onder aanwezige aandeelhouders indien aantal verantwoordt” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, eenparig schriftelijk binnen wettelijke grenzen” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, aanwezigheid en meerderheid” (deed in Dutch)
Other provision: “Stemrecht, meerderheid van stemmen ongeacht vertegenwoordigde effecten behoudens wet of statuten anders” (deed in Dutch)
Other provision: “Raad van toezicht, jaarlijkse,buitengewone en bijzondere” (deed in Dutch)
Other provision: “Notulen van de algemene vergadering, aanwezigheidslijst,verslagen,volmachten,schriftelijke stemmingen” (deed in Dutch)
Other provision: “Bestemming van de winst, jaarvergadering bij gewone meerderheid” (deed in Dutch)
Other provision: “Uitkering van dividenden en interimdividenden, verminderd met overgedragen verlies of vermeerderd met overgedragen winst” (deed in Dutch)
Liquidation distribution: “Wijze van vereffening, aanzuivering schulden,lasten,kosten of consignatie” (deed in Dutch)
Other provision: “Rechtbanken van de zetel, vennootschapsaangelegenheden” (deed in Dutch)
Other provision: “Keuze van woonplaats en kennisgevingen, geacht woonplaats in de zetel” (deed in Dutch)
Other provision: “Toepasselijkheid van het Wetboek van vennootschappen en verenigingen, geacht niet geschreven” (deed in Dutch)