Strada Nova
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 10 filings
Turnover
≈ €220,000
Estimated: probably between €190,000 and €260,000
Total assets
€695,983▼ 1.2%
2024 · €704,553
Net result
€90,652▲ 15.7%
2024 · €78,335
Working capital
€536,549▲ 10.1%
2024 · €487,149
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€113,205
▲ 5.3%
2025
20192025
Net result
€90,652
▲ 15.7%
2025
highest quarter of the sector
20192025
Equity
€652,008
▲ 16.1%
2025
highest quarter of the sector
20192025
Total assets
€695,983
▼ 1.2%
2025
highest quarter of the sector
20192025
Debt
€43,975
▼ 69.3%
2025
20192025
Working capital
€536,549
▲ 10.1%
2025
highest quarter of the sector
20192025
Solvency
93.7%
▲ 14.0pp
2025
highest quarter of the sector
20192025
Current ratio
13.20
▲ 8.80
2025
highest quarter of the sector
20192025
Return on assets (ROA)
13.0%
▲ 1.9pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€71,601-€108,455▲ 51.5%€114,384▲ 5.5%€98,664▼ 13.7%€111,565▲ 13.1%€107,554▼ 3.6%€113,205▲ 5.3%
Net result€146,438-€218,548above the sector's middle half▲ 49.2%€202,677above the sector's middle half▼ 7.3%€89,815above the sector's middle half▼ 55.7%€147,528above the sector's middle half▲ 64.3%€78,335above the sector's middle half▼ 46.9%€90,652above the sector's middle half▲ 15.7%
Equity€170,454-€43,001within the sector's middle half▼ 74.8%€245,678within the sector's middle half▲ 471%€335,493above the sector's middle half▲ 36.6%€483,021above the sector's middle half▲ 44.0%€561,356above the sector's middle half▲ 16.2%€652,008above the sector's middle half▲ 16.1%
Total assets€179,559-€273,781within the sector's middle half▲ 52.5%€413,760within the sector's middle half▲ 51.1%€511,453above the sector's middle half▲ 23.6%€632,074above the sector's middle half▲ 23.6%€704,553above the sector's middle half▲ 11.5%€695,983above the sector's middle half▼ 1.2%
Debt€9,106-€230,780▲ 25×€168,082▼ 27.2%€175,960▲ 4.7%€149,053▼ 15.3%€143,197▼ 3.9%€43,975▼ 69.3%
Working capital€148,964-€11,987within the sector's middle half▼ 92.0%€217,185above the sector's middle half▲ 18×€258,412above the sector's middle half▲ 19.0%€412,374above the sector's middle half▲ 59.6%€487,149above the sector's middle half▲ 18.1%€536,549above the sector's middle half▲ 10.1%
Solvency94.9%-15.7%below the sector's middle half▼ 79.2pp59.4%within the sector's middle half▲ 43.7pp65.6%within the sector's middle half▲ 6.2pp76.4%within the sector's middle half▲ 10.8pp79.7%above the sector's middle half▲ 3.3pp93.7%above the sector's middle half▲ 14.0pp
Current ratio17.77-1.05within the sector's middle half▼ 16.722.29within the sector's middle half▲ 1.242.52within the sector's middle half▲ 0.233.89within the sector's middle half▲ 1.374.40within the sector's middle half▲ 0.5113.20above the sector's middle half▲ 8.80
Return on assets (ROA)81.6%-79.8%above the sector's middle half▼ 1.7pp49.0%above the sector's middle half▼ 30.8pp17.6%within the sector's middle half▼ 31.4pp23.3%within the sector's middle half▲ 5.8pp11.1%within the sector's middle half▼ 12.2pp13.0%within the sector's middle half▲ 1.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €695,983
Fixed assets
€115,459 ▲ 55.6%
Current assets
€580,524 ▼ 7.9%
Equity and liabilities €695,983
Equity
€652,008 ▲ 16.1%
Debt
€43,975 ▼ 69.3%
Debt's share of the balance-sheet total falls from 20.3% to 6.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133,972▲
2024 · €119,197
Cash flow
€111,419▲
2024 · €89,978
Debt to equity
0.07▼
2024 · 0.26
ROE
13.9%▼
2024 · 14.0%
Interest coverage
52.56▲
2024 · 13.21
Debt ≤ 1 year
€43,975▼
2024 · €143,197
Income taxes
€26,575▲
2024 · €20,217
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €61,106 | €5,030 | €8,656 | €62,019 |
| Financial fixed assets | - | - | €0 | €0 |
| Depreciation and write-downs of the year | €6,679 | €10,756 | €11,642 | €20,767 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €3,719 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,393 | €5,104 | €3,525 | €6,679 | €10,756 | €11,642 | €20,767 | ▲ 78.4% |
| Other operating charges640/8 | - | - | - | €811 | €674 | €707 | €307 | ▼ 56.6% |
| Gross operating margin9900 | €81,556 | €114,116 | €118,409 | €106,155 | €122,995 | €119,903 | €134,279 | ▲ 12.0% |
| Operating profit (loss)9901 | €71,601 | €108,455 | €114,384 | €98,664 | €111,565 | €107,554 | €113,205 | ▲ 5.3% |
| Financial income75/76B | - | - | - | €14,288 | €64,137 | €23 | €6,571 | ▲ 290× |
| Recurring financial income75 | €82,896 | €133,105 | €112,710 | €14,288 | €64,137 | €23 | €6,571 | ▲ 290× |
| Financial charges65/66B | - | - | - | €5,908 | €6,608 | €9,024 | €2,549 | ▼ 71.8% |
| Recurring financial charges65 | €103 | €38 | €126 | €5,908 | €6,608 | €9,024 | €2,549 | ▼ 71.8% |
| Profit (loss) for the period before taxes9903 | €154,395 | €241,522 | €226,968 | €107,045 | €169,093 | €98,553 | €117,227 | ▲ 18.9% |
| Income taxes67/77 | €7,957 | €22,974 | €24,291 | €17,230 | €21,565 | €20,217 | €26,575 | ▲ 31.4% |
| Profit (loss) for the period9904 | €146,438 | €218,548 | €202,677 | €89,815 | €147,528 | €78,335 | €90,652 | ▲ 15.7% |
| Profit (loss) for the period to be appropriated9905 | €146,438 | €218,548 | €202,677 | €89,815 | €147,528 | €78,335 | €90,652 | ▲ 15.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €179,559 | €273,781 | €413,760 | €511,453 | €632,074 | €704,553 | €695,983 | ▼ 1.2% |
| Fixed assets21/28 | €21,711 | €31,014 | €28,492 | €82,919 | €77,193 | €74,207 | €115,459 | ▲ 55.6% |
| Tangible fixed assets22/27 | €21,161 | €30,464 | €27,942 | €82,369 | €76,643 | €73,657 | €114,909 | ▲ 56.0% |
| Land and buildings22 | - | - | - | €26,738 | €22,871 | €19,004 | €15,137 | ▼ 20.3% |
| Plant, machinery and equipment23 | - | - | - | €2,998 | €6,672 | €5,914 | - | - |
| Furniture and vehicles24 | - | - | - | €52,633 | €47,100 | €48,739 | €99,773 | ▲ 105% |
| Financial fixed assets28 | €550 | €550 | €550 | €550 | €550 | €550 | €550 | = |
| Current assets29/58 | €157,848 | €242,767 | €385,267 | €428,534 | €554,881 | €630,346 | €580,524 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €48,872 | €37,306 | €38,874 | €19,058 | €44,961 | €46,937 | €429,206 | ▲ 814% |
| Trade receivables40 | - | - | - | €19,058 | €44,961 | €42,154 | €82,309 | ▲ 95.3% |
| Other amounts receivable41 | - | - | - | €0 | - | €4,783 | €346,897 | ▲ 73× |
| Cash at bank and in hand54/58 | €27,706 | €72,433 | €100,874 | €282,699 | €431,497 | €504,986 | €72,894 | ▼ 85.6% |
| Deferred charges and accrued income490/1 | - | - | - | €126,778 | €78,424 | €78,424 | €78,424 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €179,559 | €273,781 | €413,760 | €511,453 | €632,074 | €704,553 | €695,983 | ▼ 1.2% |
| Equity10/15 | €170,454 | €43,001 | €245,678 | €335,493 | €483,021 | €561,356 | €652,008 | ▲ 16.1% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,346 | €5,346 | €5,346 | €5,346 | €5,346 | €5,346 | €5,346 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €3,486 | €3,486 | €3,486 | €3,486 | = |
| Profit (loss) carried forward14 | €146,507 | €19,055 | €221,731 | €311,546 | €459,074 | €537,410 | €628,062 | ▲ 16.9% |
| Amounts payable17/49 | €9,106 | €230,780 | €168,082 | €175,960 | €149,053 | €143,197 | €43,975 | ▼ 69.3% |
| Amounts payable within one year42/48 | €8,884 | €230,780 | €168,082 | €170,122 | €142,507 | €143,197 | €43,975 | ▼ 69.3% |
| Trade debts44 | €2,832 | €394 | €2,285 | €847 | €952 | €1,946 | €110 | ▼ 94.3% |
| Suppliers440/4 | - | - | - | €847 | €952 | €1,946 | €110 | ▼ 94.3% |
| Taxes, remuneration and social security45 | - | - | - | €27,601 | €12,294 | €11,382 | €41,383 | ▲ 264% |
| Taxes450/3 | - | - | - | €27,601 | €12,294 | €11,382 | €41,383 | ▲ 264% |
| Other amounts payable47/48 | - | - | - | €141,675 | €129,260 | €129,869 | €2,482 | ▼ 98.1% |
| Accrued charges and deferred income492/3 | - | - | - | €5,838 | €6,547 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146,438 | €218,548 | €202,677 | €89,815 | €147,528 | €78,335 | €90,652 | ▲ 15.7% |
| + Depreciation and write-downs630 | €9,393 | €5,104 | €3,525 | €6,679 | €10,756 | €11,642 | €20,767 | ▲ 78.4% |
| Operating cash flow (approximation) | €155,830 | €223,651 | €206,202 | €96,494 | €158,284 | €89,978 | €111,419 | ▲ 23.8% |
| Investment in fixed assets (approximation) | - | -€14,407 | -€1,004 | -€61,106 | -€5,030 | -€8,656 | -€62,019 | ▼ 616% |
| Change in cash | - | €44,728 | €28,441 | €181,825 | €148,798 | €73,489 | -€432,092 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as Strada Nova has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of Strada Nova itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,811 companies, not a prediction for Strada Nova. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00021027 | |
| 30-06-2024 | micro format | 03-02-2025 | 2025-00023516 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00534945 | |
| 30-06-2022 | micro format | 27-03-2023 | 2023-00045672 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-02800404 | |
| 30-06-2020 | micro format | 06-01-2021 | 2021-00200510 | |
| 30-06-2019 | micro format | 16-12-2019 | 2019-76000516 | |
| 30-06-2018 | micro format | 13-12-2018 | 2018-74000516 | |
| 30-06-2017 | micro format | 20-12-2017 | 2017-72200481 | |
| 30-06-2016 | abbreviated format | 14-12-2016 | 2016-69800508 |