STRACO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 25-11-2024, 299 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2023
299 d late
2022
8 d early
2021
3 d early
2019
3 d early
2018
14 d early
2017
19 d early
2016
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 32 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€7.3m▼ 58.2%
2021 · €17.6m
EBIT margin
-85.8%▲ 286.5pp
2021 · -372.3%
Net result
€102.1m▼ 86.0%
2021 · €729.6m
Working capital
€507.0m▼ 36.9%
2021 · €803.0m
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
Line2018201920212022
Turnover€13.1m-€13.4m▲ 2.2%€17.6m-€7.3m▼ 58.2%
Operating result€8.7m-€7.8m▼ 10.4%-€65.4m--€6.3m▲ 90.4%
Net result€204.3m-€69.9m▼ 65.8%€729.6m-€102.1m▼ 86.0%
EBIT margin66.7%-58.5%▼ 8.2pp-372.3%--85.8%▲ 286.5pp
Equity€639.8m-€709.7m▲ 10.9%€1.44bn-€1.52bn▲ 5.9%
Total assets€693.4m-€713.0m▲ 2.8%€1.44bn-€1.55bn▲ 7.0%
Debt€51.6m-€1.4m▼ 97.3%€3.2m-€20.0m▲ 519%
Working capital-€34.2m-€41.2m€803.0m-€507.0m▼ 36.9%
Staff (FTE)3.5-5.1▲ 45.7%8.1-11.3▲ 39.5%
Why a figure moved sharply
- 2022 Turnover -58%, Net result -86% on 2021. The previous fiscal year ran 23 months, this one 12.
- 2019 Net result -66% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6.3m in 2022 against €65.4m in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.55bn
Fixed assets
€1.02bn ▲ 59.6%
Current assets
€526.1m ▼ 34.7%
Equity and liabilities €1.55bn
Equity
€1.52bn ▲ 5.9%
Provisions
€1.9m ▼ 4.7%
Debt
€20.0m ▲ 519%
Debt's share of the balance-sheet total rises from 0.2% to 1.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€2.7m▲
2021 · -€61.4m
Cash flow
€105.8m▼
2021 · €733.6m
Current ratio
27.45
Quick ratio
27.45
Debt to equity
0.01▲
2021 · 0.00
ROE
6.7%▼
2021 · 50.7%
ROA
6.6%▼
2021 · 50.5%
Interest coverage
-13.88▲
2021 · -39.84
Debt ≤ 1 year
€19.2m▲
2021 · €2.6m
Income taxes
€225,270▼
2021 · €2.1m
Staff costs
€887,490▼
2021 · €986,592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | €20.6m | €7.7m | ▼ 62.6% |
| Turnover70 | €13.1m | €13.4m | €17.6m | €7.3m | ▼ 58.2% |
| Other operating income74 | - | - | €1.0m | €374,520 | ▼ 63.6% |
| Non-recurring operating income76A | - | - | €2.0m | - | - |
| Operating charges60/66A | - | - | €86.0m | €14.0m | ▼ 83.7% |
| Goods for resale, raw materials and consumables60 | - | - | €18,262 | €569 | ▼ 96.9% |
| Change in stocks: decrease (increase)609 | - | - | €18,262 | €569 | ▼ 96.9% |
| Services and other goods61 | - | - | €79.4m | €8.5m | ▼ 89.4% |
| Remuneration, social security and pensions62 | - | - | €986,592 | €887,490 | ▼ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.5m | €1.8m | €4.0m | €3.6m | ▼ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €30,329 | - | - |
| Other operating charges640/8 | - | - | €880,716 | €456,236 | ▼ 48.2% |
| Non-recurring operating charges66A | - | - | €645,862 | €574,180 | ▼ 11.1% |
| Operating profit (loss)9901 | €8.7m | €7.8m | -€65.4m | -€6.3m | ▲ 90.4% |
| Financial income75/76B | - | - | €805.8m | €130.6m | ▼ 83.8% |
| Recurring financial income75 | €199.3m | €64.4m | €135.0m | €18.7m | ▼ 86.1% |
| Income from financial fixed assets750 | - | - | €128.5m | €3.1m | ▼ 97.6% |
| Income from current assets751 | - | - | €5.1m | €6.3m | ▲ 23.8% |
| Other financial income752/9 | - | - | €1.4m | €9.3m | ▲ 564% |
| Non-recurring financial income76B | - | - | €670.7m | €111.8m | ▼ 83.3% |
| Financial charges65/66B | - | - | €8.4m | €22.0m | ▲ 163% |
| Recurring financial charges65 | €1.1m | -€108,871 | €7.7m | €10.2m | ▲ 32.4% |
| Debt charges650 | €342,599 | €117,497 | €1.5m | €191,479 | ▼ 87.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €2.5m | -€107,444 | ▼ 104% |
| Other financial charges652/9 | - | - | €3.7m | €10.2m | ▲ 171% |
| Non-recurring financial charges66B | - | - | €626,142 | €11.8m | ▲ 1,777% |
| Profit (loss) for the period before taxes9903 | €206.9m | €72.4m | €732.0m | €102.3m | ▼ 86.0% |
| Transfer from deferred taxes780 | - | - | €127,774 | €90,628 | ▼ 29.1% |
| Transfer to deferred taxes680 | - | - | €483,508 | - | - |
| Income taxes67/77 | €2.6m | €2.5m | €2.1m | €225,270 | ▼ 89.1% |
| Taxes670/3 | - | - | €2.1m | €225,270 | ▼ 89.1% |
| Profit (loss) for the period9904 | €204.3m | €69.9m | €729.6m | €102.1m | ▼ 86.0% |
| Transfer from tax-exempt reserves789 | - | - | €383,322 | €1.8m | ▲ 361% |
| Transfer to tax-exempt reserves689 | - | - | €1.5m | - | - |
| Profit (loss) for the period to be appropriated9905 | €203.7m | €69.3m | €728.5m | €103.9m | ▼ 85.7% |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €693.4m | €713.0m | €1.44bn | €1.55bn | ▲ 7.0% |
| Fixed assets21/28 | €676.0m | €670.5m | €639.2m | €1.02bn | ▲ 59.6% |
| Intangible fixed assets21 | - | - | €19,545 | €15,212 | ▼ 22.2% |
| Tangible fixed assets22/27 | €37.0m | €53.3m | €80.6m | €113.8m | ▲ 41.2% |
| Land and buildings22 | - | - | €79.4m | €111.5m | ▲ 40.5% |
| Plant, machinery and equipment23 | - | - | €77,416 | €77,408 | = |
| Furniture and vehicles24 | - | - | €329,139 | €511,859 | ▲ 55.5% |
| Other tangible fixed assets26 | - | - | €834,441 | €1.7m | ▲ 107% |
| Financial fixed assets28 | €639.0m | €617.2m | €558.6m | €906.6m | ▲ 62.3% |
| Affiliated companies280/1 | - | - | €480.5m | €759.6m | ▲ 58.1% |
| Participating interests280 | - | - | €396.7m | €523.1m | ▲ 31.9% |
| Amounts receivable281 | - | - | €83.8m | €236.6m | ▲ 182% |
| Companies linked by participating interests282/3 | - | - | €43.0m | €55.7m | ▲ 29.6% |
| Participating interests282 | - | - | €37.1m | €47.5m | ▲ 28.1% |
| Amounts receivable283 | - | - | €5.9m | €8.2m | ▲ 39.4% |
| Other financial fixed assets284/8 | - | - | €35.1m | €91.2m | ▲ 160% |
| Shares284 | - | - | €35.0m | €91.2m | ▲ 160% |
| Amounts receivable and cash guarantees285/8 | - | - | €4,121 | €3,707 | ▼ 10.0% |
| Current assets29/58 | €17.4m | €42.5m | €805.5m | €526.1m | ▼ 34.7% |
| Amounts receivable after more than one year29 | - | - | €1.9m | €27.0m | ▲ 1,351% |
| Other amounts receivable291 | - | - | €1.9m | €27.0m | ▲ 1,351% |
| Stocks and contracts in progress3 | - | €19,338 | €1,076 | €507 | ▼ 52.9% |
| Stocks30/36 | - | - | €1,076 | €507 | ▼ 52.9% |
| Property held for sale35 | - | - | €1,076 | €507 | ▼ 52.9% |
| Amounts receivable within one year40/41 | €1.8m | €3.0m | €3.8m | €19.2m | ▲ 400% |
| Trade receivables40 | - | - | €207,654 | €98,134 | ▼ 52.7% |
| Other amounts receivable41 | - | - | €3.6m | €19.1m | ▲ 426% |
| Current investments50/53 | €9.3m | €9.1m | €272.3m | €212.8m | ▼ 21.9% |
| Other investments51/53 | - | - | €272.3m | €212.8m | ▼ 21.9% |
| Cash at bank and in hand54/58 | €6.1m | €30.1m | €526.3m | €266.3m | ▼ 49.4% |
| Deferred charges and accrued income490/1 | - | - | €1.3m | €906,250 | ▼ 29.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €693.4m | €713.0m | €1.44bn | €1.55bn | ▲ 7.0% |
| Equity10/15 | €639.8m | €709.7m | €1.44bn | €1.52bn | ▲ 5.9% |
| Contributions10/11 | €262.0m | €262.0m | €262.0m | €262.0m | = |
| Reserves13 | €374.8m | €445.4m | €1.18bn | €1.26bn | ▲ 7.2% |
| Non-distributable reserves130/1 | - | - | €18 | €18 | = |
| Other1319 | - | - | €18 | €18 | = |
| Tax-exempt reserves132 | - | - | €8.2m | €6.4m | ▼ 21.6% |
| Distributable reserves133 | - | - | €1.17bn | €1.26bn | ▲ 7.4% |
| Profit (loss) carried forward14 | €3.1m | €2.3m | €811,895 | €708,068 | ▼ 12.8% |
| Provisions and deferred taxes16 | €2.0m | €1.9m | €1.9m | €1.9m | ▼ 4.7% |
| Deferred taxes168 | - | - | €1.9m | €1.9m | ▼ 4.7% |
| Amounts payable17/49 | €51.6m | €1.4m | €3.2m | €20.0m | ▲ 519% |
| Amounts payable after more than one year17 | €24,541 | - | - | - | - |
| Amounts payable within one year42/48 | €51.5m | €1.3m | €2.6m | €19.2m | ▲ 644% |
| Trade debts44 | €275,876 | €540,788 | €895,931 | €1.1m | ▲ 19.2% |
| Suppliers440/4 | - | - | €895,931 | €1.1m | ▲ 19.2% |
| Taxes, remuneration and social security45 | - | - | €194,494 | €215,339 | ▲ 10.7% |
| Taxes450/3 | - | - | €109,540 | €75,074 | ▼ 31.5% |
| Remuneration and social security454/9 | - | - | €84,953 | €140,266 | ▲ 65.1% |
| Other amounts payable47/48 | - | - | €1.5m | €17.9m | ▲ 1,104% |
| Accrued charges and deferred income492/3 | - | - | €656,446 | €838,802 | ▲ 27.8% |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €204.3m | €69.9m | €729.6m | €102.1m | ▼ 86.0% |
| + Depreciation and write-downs630 | €1.5m | €1.8m | €4.0m | €3.6m | ▼ 9.9% |
| Operating cash flow (approximation) | €205.8m | €71.7m | €733.6m | €105.8m | ▼ 85.6% |
| Investment in fixed assets (approximation) | - | €3.7m | - | -€384.9m | - |
| Change in cash | - | €24.1m | - | -€260.0m | - |
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
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 299 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
Financial
Highest result since 2018net €729.6m ▲943%
Net result €729.6m, the highest in the series.
30-11
Financial
Liquidity times 9current ratio 312.73
Current ratio from 33.47 to 312.73.
30-11
Financial
Equity above €1bnEq €1.44bn ▲103%
3 profitable years in a row build equity to €1.44bn.
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €69.9m ▼65.8%
Net result drops to €69.9m, the lowest in the series.
31-12
Financial
Liquidity times 99current ratio 33.47
Current ratio from 0.34 to 33.47; short-term debt falls from €51.5m to €1.3m.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
22-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
19-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
24 holdings · 60 subsidiaries in the treeOwners 0
The accounts to 30-11-2022 list no shareholders, and no other source names one.
Holdings 24
-
100%
-
100%
-
100%
-
100%
-
100%
- STRACO HOLDCOsubsidiarySourceown accounts 30-11-2022100%
-
100%
-
99.98%
- GRICO INVEST S.R.L.ROsubsidiarySourceown accounts 30-11-202299.9%
-
99.2%
Show 14 more holdings
-
98.65%
-
90%
-
90%
-
88%
-
79.84%
-
79.81%
-
65%
-
60%
-
50%
-
42.45%
-
39.2%
-
39.2%
-
39.2%
-
20.24%
All subsidiaries, including indirect ones 60
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- ANDES SALU 100%
CEDO GROUP 100%1 subsidiary
- Cedo holdings LTDGB 60.99%
ODEBRECHT 100%19 subsidiaries
- CONNECTOR HUB 100%
- HANSIMMO 100%
Immo V.V.L. Leuven 100%1 subsidiary
- IMMO VVL INVEST 100%
- IMMOCOR 100%
- IMMOGRADA 100%
- The Meadow 100%
CNTR Holding 65%11 subsidiaries
- CNTR Ath 100%
- CNTR Braine L’Alleud 100%
- CNTR Diest 100%
- CNTR Halle 100%
- CNTR La Louvière 100%
- CNTR Malmedy 100%
- CNTR Oudenaarde 100%
- CNTR Saint-Vith 100%
- CNTR St-NIKLAAS 100%
- CNTR Tongeren 100%
- CNTR Kortrijk 62.93%
- PATIGNY 100%
- PROGERIM PROPERTIES 100%
STRACO HOLDCO 100%12 subsidiaries
- Welten Group BVNL 93.84%
Tisseltco Holdco 93%8 subsidiaries
INCENDIN 92.63%7 subsidiaries
- Burnguard 100%
- ECOCHEM INTERNATIONAL 100%
- Firespray International-03227176GB 100%
- Prophos Chemicals S.r.lIT 100%
- Rühl Feuerlöschmittel-HRB4956DE 100%
- Uniteq 100%
- PROPHOS CHEMICALS SOCIETA' A RESPONSABILITA' LIMITATAIT consolidated
LPC Group Belgium 88%1 subsidiary
- LPC GroupNL 51%
- STRACO REAL ESTATE 100%
- IMMO WATERLOO 66 99.98%
- GRICO INVEST S.R.L.RO 99.9%
- VERHEYDEN, F.I.M. 99.2%
- LES FOUGERES 98.65%
- ATHMOS INVESTMENTS 90%
- SCC I 90%
SEQUOIA GM 88%10 subsidiaries
PEATINVEST 100%7 subsidiaries
- Agaris France SAS BOFR 100%
- Agaris Poland Sp ZOO BOPL 100%
- AGROFINO TRANSPORT 100%
- NORLAND 100%
- AGARIS BELGIUM 99.99%
- Agaris Latvia AS BOLV 99.25%
- JCS Peat Enterprise Nesterovskoie BORU 84.65%
Myco-invest 99.99%1 subsidiary
- Agaris Mycoculture Poland S.p.o.oPL 100%
- ATHMOS CAPITAL 79.84%
- NEDCO 79.81%
- LIFE STAY IBERIA S.L.ES 65%
- GILBO 60%
According to the annual accounts to 30-11-2022 of STRACO and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
894500FY0BEBVVP2SX11