Equity
€20.5m from €35.5m in 2018
Equity fell by 42% in 7 years.
STRABAG BELGIUM
Lifetime
18 annual accounts with figures on one time axis, 26 filings since 2000peak €266.8m (2022)
€152.2m▲ 2.5%
lowest -€30.8m (2019)
-€11.9m▼ €12.5m
peak €35.5m (2018)
€20.5m▼ 36.7%
€75.0m▲ 2.5%
peak 408.8 FTE (2008)
208.3 FTE▲ 3.3%
Board12 names since 2017
3 directorsMarco Deckx and 2 others
Owners3 names in the annual accounts
99.99%Ed.Züblin AG and 1 other
Documentsfilings and deeds
16-06-202645 days before the deadline
2025financial year
Loss of €11.9mResignation: Frank De Roo (managing director) 27-10Powers of attorney: Tom Bosman, Marco Deckx and 25 others 29-09Powers of attorney: Tom Bosman, Marco Deckx and 22 others 05-03Equity from €32.3m to €20.5m
Key points
from the 2025 annual accountsLosses
-€11.9m
2 loss-making years in a row. Loss in financial year 2025.
Debts
€75.0m 70% of the balance sheet
Financial debts 35%Suppliers 39%Taxes and wages 3%Other 22%
Of this, €32.3m falls due within a year.
Staff
208.3 FTE from 408.8 in 2008
Between 2008 and 2025, 49% of the full-time equivalents disappeared.
At the same address
68 companies
Position in the sector
-€11.9m
Lower net result than 95% of companies in construction of buildings. Sector median €32,512 · 1,039 companies.
Standalone figures, without subsidiaries
Checked score
80
Excellent
Financially stronger than 37% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €11.9m (financial year 2025)
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €20.5m (19.2% of total assets)
lowers risk
Size: turnover €152.2m, 208.3 FTE, total assets €106.7m, files consolidated accounts
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 41, medium-sized). It does better than 35% of them on solvency, 73% on liquidity and 2% on profitability.
The bankruptcy probability was computed on 07-11-2026 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).
Comparable companies, two years later
In July 2024, 1,608 companies had the same profile as STRABAG BELGIUM has now. Each dot stands for 5 companies, two years later.
88.9%
were still trading
6.7%
stopped another way
4.1%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STRABAG BELGIUM itself is lower: 0.6% within 12 months. It rests on far more data about STRABAG BELGIUM than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,608 companies, not a prediction for STRABAG BELGIUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,600,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.17 (0.92 in 2019), above the usual 1.5. Short-term debt is 30.2% and cash 8.5% of total assets. However, 80.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
45 days early
2024
43 days early
2023
30 days early
2022
28 days early
2021
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 24 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 2 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Ed.Züblin AG 99.99%annual accounts 2025
- STRABAG SE consolidatedLEI register
Shares in 1 company, ASG INVEST
Board & ownershipRecent changes
Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Permanent representative: Harry Van Donink · General meeting of 15-06-2026 · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Permanent representative: Harry Van Donink · General meeting of 15-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472028526
Resignation: Frank De Roo (managing director)
General meeting of 17-09-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STRABAG BELGIUM Antwerp | €152.2m | -8.3% | 19.2% | 208.3 |
| Willemen Bouw Mechelen | €231.5m | 6.1% | 20.0% | 312.2 |
| DEMOCO Hasselt | €188.3m | 1.0% | 23.2% | 241.8 |
| IBS INDUSTRIAL Beveren-Kruibeke-Zwijndrecht | €87.3m | 30.1% | 80.4% | 117.3 |
| JURI Zele | €103.7m | 13.2% | 29.1% | 152.4 |
| Vandenbussche Aalter | €114.2m | 5.0% | 30.1% | 164.1 |
| ALGEMENE ONDERNEMINGEN ROBERT WYCKAERT Ghent | €118.7m | 4.9% | 33.6% | 150.6 |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as STRABAG BELGIUM: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €44m and €151m, founded between 1985 and 2003.
Official details
Source: KBO- Status
- Active since 31-05-2000Normal situation
- Registered office
- 70 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- General construction of other non-residential buildingsNACE 41003
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.100.813.4292030 Antwerp, since 31-05-2000
- 2.100.813.5289050 Ghent, since 26-10-2000and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Annual accounts 2025
- €106.7m
- Employeeson 31-12-2025
- 213
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on STRABAG BELGIUM
STRABAG BELGIUM has existed since 2000. Turnover fell from €266.8m in 2022 to €87.4m in 2023.
Solvency fell in 2025 from 28.7% to 19.2% because of the loss and higher debts to suppliers.
Ed.Züblin AG holds all the shares. In April 2024, the Official Gazette published the appointment of Claudius Schwartz as managing director.
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 STRABAG BELGIUM
- What is the company number of STRABAG BELGIUM?
- The company number of STRABAG BELGIUM is 0472.028.526. The VAT number is the same number with BE in front: BE 0472.028.526.
- Where is STRABAG BELGIUM based?
- The registered office is at Noorderlaan 139, 2030 Antwerp.Company details
- What does STRABAG BELGIUM do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of STRABAG BELGIUM?
- STRABAG BELGIUM is a public limited company (NV).
- When was STRABAG BELGIUM founded?
- STRABAG BELGIUM was founded on 31-05-2000.
- Is STRABAG BELGIUM still active?
- Yes, STRABAG BELGIUM is an active enterprise in the KBO register.
- How many employees does STRABAG BELGIUM have?
- STRABAG BELGIUM had an average of 208.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STRABAG BELGIUM fall under?
- In its 2025 annual accounts, STRABAG BELGIUM states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of STRABAG BELGIUM?
- The turnover of STRABAG BELGIUM was €152.2m in financial year 2025, according to the filed annual accounts.
- Is STRABAG BELGIUM profitable?
- In financial year 2025, STRABAG BELGIUM made a loss of €11.9m.
- Where can I find the annual accounts of STRABAG BELGIUM?
- STRABAG BELGIUM filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STRABAG BELGIUM due?
- STRABAG BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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