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STRACO AM

Active
Public limited companyfounded 20233 yrs activeKortrijksesteenweg 157, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0798.875.667
Summary

The computed 12-month bankruptcy probability of STRACO AM is 2.1% (moderate). The 2024 annual accounts show equity of €240.3m and a net result of -€9.7m. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability16
Solvency86
Growth-
Track record79
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.09; short-term debt: 39.4% and cash: 2.4% of total assets), and 39.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
60.5%
Return on assets
-2.4%
Age of the figures
21 mo
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 · 1 filing
Deviation from the deadline
2024
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

STRACO AM was incorporated on 27 February 2023 as a Public limited company.1 The registered office was moved to Sint-Martens-Latem in 2026.2 The company has filed annual accounts once, for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 01-09-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9.7m
Working capital
-€141.8m
Balance-sheet composition
Assets €396.9m
Fixed assets €382.3m
Current assets €14.6m
Equity and liabilities €396.9m
Equity €240.3m
Debt €156.6m
Debt finances 39.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€596,022
Cash flow
-€9.7m
Current ratio
0.09
Debt to equity
0.65
ROE
-4.0%
ROA
-2.4%
Interest coverage
-0.81
Debt ≤ 1 year
€156.4m
Income taxes
€2.3m
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 58 lines
Balance sheet Code2024
Assets
Total assets20/58€396.9m
Fixed assets21/28€382.3m
Financial fixed assets28€382.3m
Affiliated companies280/1€239.6m
Participating interests280€195.8m
Amounts receivable281€43.7m
Companies linked by participating interests282/3€86.7m
Participating interests282€86.7m
Other financial fixed assets284/8€56.0m
Shares284€56.0m
Current assets29/58€14.6m
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€3.2m
Other amounts receivable41€3.2m
Current investments50/53€2.0m
Other investments51/53€2.0m
Cash at bank and in hand54/58€9.4m
Deferred charges and accrued income490/1€18
Equity and liabilities
Total equity and liabilities10/49€396.9m
Equity10/15€240.3m
Contributions10/11€250.0m
Capital10€250.0m
Issued capital100€250.0m
Profit (loss) carried forward14-€9.7m
Amounts payable17/49€156.6m
Amounts payable within one year42/48€156.4m
Financial debts43€10.0m
Credit institutions430/8€10.0m
Trade debts44€270,681
Suppliers440/4€270,681
Taxes, remuneration and social security45€2.1m
Taxes450/3€2.1m
Other amounts payable47/48€144.0m
Accrued charges and deferred income492/3€212,870
Income statement Code2024
Operating income70/76A€431,719
Other operating income74€431,719
Operating charges60/66A€1.1m
Services and other goods61€730,343
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,962
Other operating charges640/8€297,398
Operating profit (loss)9901-€632,984
Financial income75/76B€10.5m
Recurring financial income75€10.1m
Income from financial fixed assets750€822,427
Income from current assets751€613,533
Other financial income752/9€8.6m
Non-recurring financial income76B€409,441
Financial charges65/66B€17.3m
Recurring financial charges65€13.6m
Debt charges650€737,764
Other financial charges652/9€12.9m
Non-recurring financial charges66B€3.6m
Profit (loss) for the period before taxes9903-€7.4m
Income taxes67/77€2.3m
Taxes670/3€2.3m
Profit (loss) for the period9904-€9.7m
Profit (loss) for the period to be appropriated9905-€9.7m
Appropriation of the result
Profit (loss) to be appropriated9906-€9.7m

The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Operating income70/76A€431,719
Other operating income74€431,719
Operating charges60/66A€1.1m
Services and other goods61€730,343
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,962
Other operating charges640/8€297,398
Operating profit (loss)9901-€632,984
Financial income75/76B€10.5m
Recurring financial income75€10.1m
Income from financial fixed assets750€822,427
Income from current assets751€613,533
Other financial income752/9€8.6m
Non-recurring financial income76B€409,441
Financial charges65/66B€17.3m
Recurring financial charges65€13.6m
Debt charges650€737,764
Other financial charges652/9€12.9m
Non-recurring financial charges66B€3.6m
Profit (loss) for the period before taxes9903-€7.4m
Income taxes67/77€2.3m
Taxes670/3€2.3m
Profit (loss) for the period9904-€9.7m
Profit (loss) for the period to be appropriated9905-€9.7m
Line2024
Assets
Total assets20/58€396.9m
Fixed assets21/28€382.3m
Financial fixed assets28€382.3m
Affiliated companies280/1€239.6m
Participating interests280€195.8m
Amounts receivable281€43.7m
Companies linked by participating interests282/3€86.7m
Participating interests282€86.7m
Other financial fixed assets284/8€56.0m
Shares284€56.0m
Current assets29/58€14.6m
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€3.2m
Other amounts receivable41€3.2m
Current investments50/53€2.0m
Other investments51/53€2.0m
Cash at bank and in hand54/58€9.4m
Deferred charges and accrued income490/1€18
Equity and liabilities
Total equity and liabilities10/49€396.9m
Equity10/15€240.3m
Contributions10/11€250.0m
Capital10€250.0m
Issued capital100€250.0m
Profit (loss) carried forward14-€9.7m
Amounts payable17/49€156.6m
Amounts payable within one year42/48€156.4m
Financial debts43€10.0m
Credit institutions430/8€10.0m
Trade debts44€270,681
Suppliers440/4€270,681
Taxes, remuneration and social security45€2.1m
Taxes450/3€2.1m
Other amounts payable47/48€144.0m
Accrued charges and deferred income492/3€212,870
Line2024
Profit (loss) for the period9904-€9.7m
+ Depreciation and write-downs630€36,962
Operating cash flow (approximation)-€9.7m

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
01-09
State Gazette act Registered office
Registered-office move · Power of attorney3 facts ▸
  • Board meeting, 16-07-2026
  • Registered-office move, Kortrijksesteenweg 157, 9830 Sint-Martens-Latem, België
  • Power of attorney, Lauren Willen
2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 60 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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 2023
seat establishment The establishment unit on the map
Ground area
1.8 ha
Building footprint
702 m²
Volume, LiDAR
11,488 m³
2 parcels, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
37 companies at this address See who is registered here
1 establishment unit
Rijvisschestraat 122, 9052 Gent
Holdings
since 20232.342.370.054
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44082A0011/00H000 Flanders 1.1 ha 1 · 701 m² 19.7 m · 6 fl.
44064B0716/00S000 Flanders 7,565 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

3 owners · 2 holdings

Owners 3

Holdings 2

According to the 2024 annual accounts of STRACO AM 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

254900GNBPDZDDA9TU04
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded27-02-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.