STRAK PROJECT
ActiveSummary
STRAK PROJECT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €261,631. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+23
Solvency48▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.64 in 2024; short-term debt: 64.8% and cash: 3.9% of total assets), and 76.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.3%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 · 10 filingsDeviation from the deadline
2025
56 d late
2024
63 d late
2023
16 d early
2022
26 d early
2021
45 d early
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m▲ 26.3%
2024 · €996,289
Total assets
€5.4m▲ 2.9%
2024 · €5.2m
Net result
€261,631▲ 2,441%
2024 · €10,296
Working capital
€1.2m▼ 31.6%
2024 · €1.8m
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
Line20212022202320242025
Operating result€654,226▲ 2,464%€359,835▼ 45.0%€231,243▼ 35.7%€210,250▼ 9.1%€580,357▲ 176%
Net result€358,024▲ 9,626%€196,048▼ 45.2%€104,697▼ 46.6%€10,296▼ 90.2%€261,631▲ 2,441%
Equity€685,248▲ 109%€881,296▲ 28.6%€985,993▲ 11.9%€996,289▲ 1.0%€1.3m▲ 26.3%
Total assets€2.1m▲ 25.6%€2.4m▲ 15.3%€4.6m▲ 90.2%€5.2m▲ 12.7%€5.4m▲ 2.9%
Debt€1.4m▲ 5.5%€1.6m▲ 8.9%€3.7m▲ 134%€4.2m▲ 15.8%€4.1m▼ 2.5%
Working capital€593,439▲ 118%€769,434▲ 29.7%€3.0m▲ 290%€1.8m▼ 40.1%€1.2m▼ 31.6%
Staff (FTE)2.2▲ 29.4%2.4▲ 9.1%1.8▼ 25.0%2▲ 11.1%2.1▲ 5.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 176% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€666,843 ▲ 6.9%
Current assets
€4.7m ▲ 2.4%
Equity and liabilities €5.4m
Equity
€1.3m ▲ 26.3%
Debt
€4.1m ▼ 2.5%
Debt's share of the balance-sheet total falls from 81.0% to 76.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€638,332▲
2024 · €254,055
Cash flow
€319,605▲
2024 · €54,101
Current ratio
1.35▼
2024 · 1.64
Quick ratio
0.35▲
2024 · 0.33
Debt to equity
3.29▼
2024 · 4.26
ROE
20.8%▲
2024 · 1.0%
ROA
4.9%▲
2024 · 0.2%
Interest coverage
3.36▲
2024 · 1.32
Debt ≤ 1 year
€3.5m▲
2024 · €2.8m
Debt > 1 year
€637,446▼
2024 · €1.4m
Income taxes
€135,680▲
2024 · €9,855
Staff costs
€169,376▲
2024 · €162,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €113,485 | €159,059 | €119,309 | €162,533 | €169,376 | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,921 | €27,933 | €30,804 | €43,805 | €57,974 | ▲ 32.3% |
| Other operating charges640/8 | €15,158 | €16,590 | €7,627 | €4,893 | €16,648 | ▲ 240% |
| Gross operating margin9900 | €809,791 | €563,417 | €388,983 | €421,481 | €824,355 | ▲ 95.6% |
| Operating profit (loss)9901 | €654,226 | €359,835 | €231,243 | €210,250 | €580,357 | ▲ 176% |
| Financial income75/76B | €7,965 | €24,538 | €12,159 | €2,276 | €6,972 | ▲ 206% |
| Recurring financial income75 | €7,965 | €24,538 | €12,159 | €2,276 | €6,972 | ▲ 206% |
| Financial charges65/66B | €139,619 | €99,634 | €86,751 | €192,375 | €190,019 | ▼ 1.2% |
| Recurring financial charges65 | €139,619 | €99,634 | €86,751 | €192,375 | €190,019 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €522,572 | €284,739 | €156,651 | €20,151 | €397,311 | ▲ 1,872% |
| Income taxes67/77 | €164,549 | €88,691 | €51,954 | €9,855 | €135,680 | ▲ 1,277% |
| Profit (loss) for the period9904 | €358,024 | €196,048 | €104,697 | €10,296 | €261,631 | ▲ 2,441% |
| Profit (loss) for the period to be appropriated9905 | €358,024 | €196,048 | €104,697 | €10,296 | €261,631 | ▲ 2,441% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.4m | €4.6m | €5.2m | €5.4m | ▲ 2.9% |
| Fixed assets21/28 | €337,974 | €326,664 | €425,770 | €623,922 | €666,843 | ▲ 6.9% |
| Intangible fixed assets21 | €31,038 | €23,263 | €15,487 | €7,711 | - | - |
| Tangible fixed assets22/27 | €305,935 | €302,402 | €408,743 | €615,210 | €665,843 | ▲ 8.2% |
| Land and buildings22 | €304,795 | €287,424 | €270,054 | €421,030 | €490,753 | ▲ 16.6% |
| Plant, machinery and equipment23 | €123 | - | €117,323 | €163,097 | €144,449 | ▼ 11.4% |
| Furniture and vehicles24 | €1,017 | €14,978 | €21,367 | €31,083 | €30,641 | ▼ 1.4% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,540 | €1,000 | €1,000 | = |
| Current assets29/58 | €1.8m | €2.1m | €4.2m | €4.6m | €4.7m | ▲ 2.4% |
| Amounts receivable after more than one year29 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Trade receivables290 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Stocks and contracts in progress3 | €702,107 | €897,325 | €3.2m | €3.7m | €3.5m | ▼ 4.7% |
| Stocks30/36 | €702,107 | €897,325 | €3.2m | €3.7m | €3.5m | ▼ 4.8% |
| Contracts in progress37 | - | - | €35,308 | €31,192 | €31,192 | = |
| Amounts receivable within one year40/41 | €261,747 | €835,601 | €787,916 | €469,137 | €978,516 | ▲ 109% |
| Trade receivables40 | €184,134 | €685,153 | €190,978 | €2,882 | €14,721 | ▲ 411% |
| Other amounts receivable41 | €77,613 | €150,448 | €596,939 | €466,255 | €963,795 | ▲ 107% |
| Cash at bank and in hand54/58 | €759,217 | €330,276 | €98,020 | €438,999 | €212,773 | ▼ 51.5% |
| Deferred charges and accrued income490/1 | €43,984 | €39,121 | €76,625 | €1,369 | €4,452 | ▲ 225% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.4m | €4.6m | €5.2m | €5.4m | ▲ 2.9% |
| Equity10/15 | €685,248 | €881,296 | €985,993 | €996,289 | €1.3m | ▲ 26.3% |
| Contributions10/11 | €261,300 | €261,300 | €261,300 | €261,300 | €261,300 | = |
| Reserves13 | €423,948 | €619,996 | €724,693 | €734,989 | €996,619 | ▲ 35.6% |
| Distributable reserves133 | €423,948 | €619,996 | €724,693 | €734,989 | €996,619 | ▲ 35.6% |
| Amounts payable17/49 | €1.4m | €1.6m | €3.7m | €4.2m | €4.1m | ▼ 2.5% |
| Amounts payable after more than one year17 | €246,165 | €212,927 | €2.4m | €1.4m | €637,446 | ▼ 55.3% |
| Financial debts170/4 | €246,165 | €212,927 | €2.4m | €1.4m | €637,446 | ▼ 55.3% |
| Amounts payable within one year42/48 | €1.2m | €1.3m | €1.2m | €2.8m | €3.5m | ▲ 24.1% |
| Current portion of amounts payable after more than one year42 | €52,438 | €33,237 | €52,024 | €1.7m | €2.1m | ▲ 22.7% |
| Financial debts43 | €210,823 | €62,652 | €419,797 | €150,000 | €150,023 | = |
| Credit institutions430/8 | €210,823 | €62,652 | €419,797 | €150,000 | €150,023 | = |
| Trade debts44 | €331,237 | €739,890 | €400,510 | €647,801 | €769,274 | ▲ 18.8% |
| Suppliers440/4 | €331,237 | €739,890 | €400,510 | €647,801 | €769,274 | ▲ 18.8% |
| Advances received on contracts in progress46 | €3,000 | €3,000 | €28,848 | €28,848 | €28,848 | = |
| Taxes, remuneration and social security45 | €186,467 | €236,482 | €20,891 | €142,641 | €348,959 | ▲ 145% |
| Taxes450/3 | €159,239 | €215,246 | €2,115 | €116,665 | €328,120 | ▲ 181% |
| Remuneration and social security454/9 | €27,228 | €21,236 | €18,776 | €25,977 | €20,839 | ▼ 19.8% |
| Other amounts payable47/48 | €404,651 | €272,628 | €301,853 | €145,717 | €110,412 | ▼ 24.2% |
| Accrued charges and deferred income492/3 | - | €1,875 | €0 | - | €1,743 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €358,024 | €196,048 | €104,697 | €10,296 | €261,631 | ▲ 2,441% |
| + Depreciation and write-downs630 | €26,921 | €27,933 | €30,804 | €43,805 | €57,974 | ▲ 32.3% |
| Operating cash flow (approximation) | €384,945 | €223,980 | €135,502 | €54,101 | €319,605 | ▲ 491% |
| Investment in fixed assets (approximation) | - | -€16,624 | -€129,910 | -€241,956 | -€100,895 | ▲ 58.3% |
| Change in cash | - | -€428,941 | -€232,256 | €340,979 | -€226,226 | ▼ 166% |
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
Next filing, fiscal year 2026, expected by
2026
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 56 days late
2025
31-12
Financial
Equity above €1mEq €1.3m ▲26.3%
8 profitable years in a row build equity to €1.3m.
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 63 days late
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.45
Current ratio from 1.57 to 3.45; short-term debt falls from €1.3m to €1.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €358,024 ▲9,626%
Operating result €654,226, net result €358,024, both a record.
31-12
Financial
Equity above €500,000Eq €685,248 ▲109%
4 profitable years in a row build equity to €685,248.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zelzate · 1 establishment unit since 2008
Ground area
1,015 m²
Building footprint
543 m²
Volume, LiDAR
3,749 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
STRAK PROJECT
since 20082.173.956.575
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43018A0658/00A000 | Flanders | 734 m² | 1 · 363 m² | 12.8 m · 2 fl. |
| 43001A0784/00Z000 | Flanders | 281 m² | 1 · 180 m² | 12.0 m · 3 fl. |
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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 3,921 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.