STRAK PROJECT

Active

Private limited companyfounded 2008active for 18 yearsOostkade 17, 9060 Zelzate, BelgiumKBO/BCE: BE 0806.055.053

Summary

STRAK PROJECT has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €261,631. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 43% of 11,268 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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STRAK PROJECTActiveChecked score 67/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 01-09-2008 Normal situation
Activity: Development of residential building projects NACE 68121and 1 other
Joint committees: 200 Aanvullend Paritair Comité voor de bedienden
: 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 2023
Establishment unit: 2.173.956.575 9991 Maldegem, since 21-08-2008
Financial year end: 31 December
Peppol: Reachable since 21-10-2026

Company details

Board and ownership

Board

Keizer en KoningDirector · since 01-07-2022 · permanent representative Schelstraete Ignace

Board & ownership

Financial position

67 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Annual accounts 2025

Gross margin: €824,355; ▲ 95.6%
Turnover: ≈ €1.5m; estimated
Profit: €261,631; ▲ 25×
Equity: €1.3m; ▲ 26.3%
Total assets: €5.4m; ▲ 2.9%
Employees on 31-12-2025: 2; =

2025 accounts filed 56 days after the deadline

Financials

Score breakdownraises riskLiquidity: current ratio 1.35, cash €212,773, halvedLast filed accounts filed 56 days late; 2 of the last 3 accounts late1 change of registered office in 24 monthslowers riskSize: 2.1 FTE, total assets €5.4mShow the evidence

Checked score

Score 2025

67 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially stronger than 46% of micro companies in real estate (NACE 68)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Weak

Solvency 48+4

equity 23.3% of total assets

Liquidity 21-12

short-term debt 64.8% · cash 3.9%

Profitability 53+23

return on assets 4.9%

Bankruptcy probability within 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 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: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▲ +0.2 percentage points vs 08-2025 10-2025: 1.1%▲ +0.4 percentage points vs 09-2025highest value 11-2025: 0.2%▼ -0.9 percentage points vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.4%▲ +0.2 percentage points vs 01-2026 03-2026: 0.3%▼ -0.1 percentage points vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 0.9%▲ +0.1 percentage points vs 08-2026 10-2026: 1.0%▲ +0.1 percentage points vs 09-2026 11-2026: 1.0%● unchanged vs 10-2026

Credit of up to €80,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.35 (1.64 in 2024), below the usual 1.5. Short-term debt is 64.8% and cash 3.9% of total assets. 76.7% of the assets are financed with debt and provisions.

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 68, micro). It does better than 43% of them on solvency, 16% on liquidity, 44% on profitability and 79% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises risk

Liquidity: current ratio 1.35, cash €212,773, halved

NBB · annual accounts

Last filed accounts filed 56 days late; 2 of the last 3 accounts late

NBB · filings

1 change of registered office in 24 months

Belgian Official Gazette

Size: 2.1 FTE, total assets €5.4m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

2025 accounts filed 56 days late

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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

56 days late

2024

63 days late

2023

16 days early

2022

26 days early

2021

45 days early

2020

31 days late

2019

69 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

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 16 July (4 of the last 5 accounts filed within 71 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

04-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 56 days after the deadline Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00523541.

Annual accounts 2025 filed on 25-09-2026 at the NBB all 17 filings

Turnover

≈ €1.5m

Estimated: probably between €1.1m and €2.4m

Total assets

€5.4m▲ 2.9%

2024 · €5.2m

Net result

€261,631▲ 25×

2024 · €10,296

Working capital

€1.2m▼ 31.6%

2024 · €1.8m

Multi-year overview

2018 to 2025, 8 financial years

Operating result

€580,357

▲ 176% 2025

20182025

Net result

€261,631

▲ 25× 2025

highest quarter of the sector

20182025

Equity

€1.3m

▲ 26.3% 2025

highest quarter of the sector

20182025

Total assets

€5.4m

▲ 2.9% 2025

highest quarter of the sector

20182025

Debt

€4.1m

▼ 2.5% 2025

20182025

Working capital

€1.2m

▼ 31.6% 2025

highest quarter of the sector

20182025

Solvency

23.3%

▲ 4.3pp 2025

middle half of the sector

20182025

Current ratio

1.35

▼ 0.29 2025

middle half of the sector

20182025

Return on assets (ROA)

4.9%

▲ 4.7pp 2025

middle half of the sector

20182025

Staff (FTE)

2.1

▲ 5.0% 2025

highest quarter of the sector

20182025

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line20182019202020212022202320242025

Operating result€0.07m-€0.07m▲ 1.8%€0.03m▼ 63.2%€0.7m▲ 26×€0.4m▼ 45.0%€0.2m▼ 35.7%€0.2m▼ 9.1%€0.6m▲ 176%

Net result€0.003m-€0.02m▲ 551%€0.004m▼ 79.3%€0.4m▲ 97×€0.2m▼ 45.2%€0.1m▼ 46.6%€0.01m▼ 90.2%€0.3m▲ 25×

Equity€0.3m-€0.3m▲ 5.8%€0.3m▲ 1.1%€0.7m▲ 109%€0.9m▲ 28.6%€1.0m▲ 11.9%€1.0m▲ 1.0%€1.3m▲ 26.3%

Total assets€1.1m-€1.4m▲ 32.5%€1.7m▲ 17.6%€2.1m▲ 25.6%€2.4m▲ 15.3%€4.6m▲ 90.2%€5.2m▲ 12.7%€5.4m▲ 2.9%

Debt€0.8m-€1.1m▲ 43.0%€1.4m▲ 22.4%€1.4m▲ 5.5%€1.6m▲ 8.9%€3.7m▲ 134%€4.2m▲ 15.8%€4.1m▼ 2.5%

Working capital€0.09m-€0.2m▲ 131%€0.3m▲ 32.5%€0.6m▲ 118%€0.8m▲ 29.7%€3.0m▲ 290%€1.8m▼ 40.1%€1.2m▼ 31.6%

Solvency28.2%-22.6%▼ 5.7pp19.4%▼ 3.2pp32.3%▲ 12.9pp36.1%▲ 3.7pp21.2%▼ 14.9pp19.0%▼ 2.2pp23.3%▲ 4.3pp

Current ratio1.13-1.24▲ 0.101.25▲ 0.011.50▲ 0.251.57▲ 0.073.45▲ 1.881.64▼ 1.811.35▼ 0.29

Return on assets (ROA)0.3%-1.2%▲ 1.0pp0.2%▼ 1.0pp16.9%▲ 16.7pp8.0%▼ 8.9pp2.3%▼ 5.8pp0.2%▼ 2.1pp4.9%▲ 4.7pp

Staff (FTE)2.2-2.5▲ 13.6%1.7▼ 32.0%2.2▲ 29.4%2.4▲ 9.1%1.8▼ 25.0%2▲ 11.1%2.1▲ 5.0%

above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 176% higher than in 2024. It is a recovery after the fall in 2024.

Turnover and EBIT margin are not published. The abbreviated 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 €5.4m

12.4%

87.6%

Fixed assets €666,843 ▲ 6.9%

Current assets €4.7m ▲ 2.4%

Equity and liabilities €5.4m

23.3%

76.7%

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

2025 value · change against 2024

EBITDA

€638,332▲

2024 · €254,055

Cash flow

€319,605▲

2024 · €54,101

Quick ratio

0.35▲

2024 · 0.33

Debt to equity

3.29▼

2024 · 4.26

ROE

20.8%▲

2024 · 1.0%

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.

Staff

social balance sheet

Item	31-12-2021	31-12-2022	31-12-2023	31-12-2024	31-12-2025
Employees at the balance-sheet date	3	2	2	2	2
full-time	2	2	2	2	2
part-time	1	-	0	0	-
in full-time equivalents	2.7	2	2	2	2
Average over the year, in full-time equivalents	2.2	2.4	1.8	2	2.1
On a permanent contract	3	2	2	2	2
Joined	1	0	1	-	1
Left	1	1	1	-	1

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2021	2022	2023	2024	2025
Debts secured on the company's own assets	€440,525	€201,614	€2.0m	€3.1m	€2.7m
Mortgages, amount registered	€80,000	€45,000	€155,000	€155,000	€155,000
Mortgage mandates	€147,500	€82,500	€2.2m	€2.2m	€2.2m
Carrying value of the mortgaged assets	€304,795	€287,424	€2.4m	€3.7m	€2.7m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2021	2022	2023	2024	2025
Tangible fixed assets	€1,467	€16,624	€129,370	€242,496	€100,895
Intangible fixed assets	€38,500	-	-	-	-
Financial fixed assets	-	-	€540	-	-
Depreciation and write-downs of the year	€26,921	€27,933	€30,804	€43,805	€57,974

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines

Balance sheet Code20242025

Assets

Total assets20/58€5.2m€5.4m▲

Fixed assets21/28€0.6m€0.7m▲

Intangible fixed assets21€0.008m-

Tangible fixed assets22/27€0.6m€0.7m▲

Land and buildings22€0.4m€0.5m▲

Plant, machinery and equipment23€0.2m€0.1m▼

Furniture and vehicles24€0.03m€0.03m▼

Financial fixed assets28€0.001m€0.001m=

Current assets29/58€4.6m€4.7m▲

Amounts receivable after more than one year29€0.02m€0.02m=

Trade receivables290€0.02m€0.02m=

Stocks and contracts in progress3€3.7m€3.5m▼

Stocks30/36€3.7m€3.5m▼

Contracts in progress37€0.03m€0.03m=

Amounts receivable within one year40/41€0.5m€1.0m▲

Trade receivables40€0.003m€0.01m▲

Other amounts receivable41€0.5m€1.0m▲

Cash at bank and in hand54/58€0.4m€0.2m▼

Deferred charges and accrued income490/1€0.001m€0.004m▲

Equity and liabilities

Total equity and liabilities10/49€5.2m€5.4m▲

Equity10/15€1.0m€1.3m▲

Contributions10/11€0.3m€0.3m=

Reserves13€0.7m€1.0m▲

Distributable reserves133€0.7m€1.0m▲

Amounts payable17/49€4.2m€4.1m▼

Amounts payable after more than one year17€1.4m€0.6m▼

Financial debts170/4€1.4m€0.6m▼

Amounts payable within one year42/48€2.8m€3.5m▲

Current portion of amounts payable after more than one year42€1.7m€2.1m▲

Financial debts43€0.2m€0.2m=

Credit institutions430/8€0.2m€0.2m=

Trade debts44€0.6m€0.8m▲

Suppliers440/4€0.6m€0.8m▲

Advances received on contracts in progress46€0.03m€0.03m=

Taxes, remuneration and social security45€0.1m€0.3m▲

Taxes450/3€0.1m€0.3m▲

Remuneration and social security454/9€0.03m€0.02m▼

Other amounts payable47/48€0.1m€0.1m▼

Accrued charges and deferred income492/3-€0.002m

Income statement Code20242025

Remuneration, social security and pensions62€0.2m€0.2m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.06m▲

Other operating charges640/8€0.005m€0.02m▲

Gross operating margin9900€0.4m€0.8m▲

Operating profit (loss)9901€0.2m€0.6m▲

Financial income75/76B€0.002m€0.007m▲

Recurring financial income75€0.002m€0.007m▲

Financial charges65/66B€0.2m€0.2m▼

Recurring financial charges65€0.2m€0.2m▼

Profit (loss) for the period before taxes9903€0.02m€0.4m▲

Income taxes67/77€0.01m€0.1m▲

Profit (loss) for the period9904€0.01m€0.3m▲

Profit (loss) for the period to be appropriated9905€0.01m€0.3m▲

Appropriation of the result

Profit (loss) to be appropriated9906€0.01m€0.3m▲

Transfer to equity691/2€0.01m€0.3m▲

To other reserves6921€0.01m€0.3m▲

Social balance sheet

Average headcount (FTE)90872.02.1▲

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-09-2026.

Line	2018	2019	2020	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	€66,340	€48,744	€23,091	€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	€281,002	€350,265	€174,891	€809,791	€563,417	€388,983	€421,481	€824,355	▲ 95.6%
Operating profit (loss)9901	€68,108	€69,327	€25,520	€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	€16,010	€10,962	€6,663	€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	€74,553	€54,180	€21,709	€139,619	€99,634	€86,751	€192,375	€190,019	▼ 1.2%
Profit (loss) for the period before taxes9903	€9,565	€26,109	€10,475	€522,572	€284,739	€156,651	€20,151	€397,311	▲ 20×
Income taxes67/77	€6,837	€8,356	€6,794	€164,549	€88,691	€51,954	€9,855	€135,680	▲ 14×
Profit (loss) for the period9904	€2,728	€17,753	€3,681	€358,024	€196,048	€104,697	€10,296	€261,631	▲ 25×
Profit (loss) for the period to be appropriated9905	€2,728	€17,753	€3,681	€358,024	€196,048	€104,697	€10,296	€261,631	▲ 25×

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.1m	€1.4m	€1.7m	€2.1m	€2.4m	€4.6m	€5.2m	€5.4m	▲ 2.9%
Fixed assets21/28	€0.3m	€0.4m	€0.3m	€0.3m	€0.3m	€0.4m	€0.6m	€0.7m	▲ 6.9%
Intangible fixed assets21	€0.002m	€0.001m	€314	€0.03m	€0.02m	€0.02m	€0.008m	-	-
Tangible fixed assets22/27	€0.3m	€0.4m	€0.3m	€0.3m	€0.3m	€0.4m	€0.6m	€0.7m	▲ 8.2%
Land and buildings22	-	-	-	€0.3m	€0.3m	€0.3m	€0.4m	€0.5m	▲ 16.6%
Plant, machinery and equipment23	-	-	-	€123	-	€0.1m	€0.2m	€0.1m	▼ 11.4%
Furniture and vehicles24	-	-	-	€0.001m	€0.01m	€0.02m	€0.03m	€0.03m	▼ 1.4%
Financial fixed assets28	-	-	€0.001m	€0.001m	€0.001m	€0.002m	€0.001m	€0.001m	=
Current assets29/58	€0.8m	€1.1m	€1.4m	€1.8m	€2.1m	€4.2m	€4.6m	€4.7m	▲ 2.4%
Amounts receivable after more than one year29	-	-	-	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	=
Trade receivables290	-	-	-	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	=
Stocks and contracts in progress3	€0.3m	€0.3m	€0.4m	€0.7m	€0.9m	€3.2m	€3.7m	€3.5m	▼ 4.7%
Stocks30/36	-	-	-	€0.7m	€0.9m	€3.2m	€3.7m	€3.5m	▼ 4.8%
Contracts in progress37	-	-	-	-	-	€0.04m	€0.03m	€0.03m	=
Amounts receivable within one year40/41	€0.05m	€0.2m	€0.4m	€0.3m	€0.8m	€0.8m	€0.5m	€1.0m	▲ 109%
Trade receivables40	-	-	-	€0.2m	€0.7m	€0.2m	€0.003m	€0.01m	▲ 411%
Other amounts receivable41	-	-	-	€0.08m	€0.2m	€0.6m	€0.5m	€1.0m	▲ 107%
Cash at bank and in hand54/58	€0.2m	€0.1m	€0.02m	€0.8m	€0.3m	€0.1m	€0.4m	€0.2m	▼ 51.5%
Deferred charges and accrued income490/1	-	-	-	€0.04m	€0.04m	€0.08m	€0.001m	€0.004m	▲ 225%
Equity and liabilities
Total equity and liabilities10/49	€1.1m	€1.4m	€1.7m	€2.1m	€2.4m	€4.6m	€5.2m	€5.4m	▲ 2.9%
Equity10/15	€0.3m	€0.3m	€0.3m	€0.7m	€0.9m	€1.0m	€1.0m	€1.3m	▲ 26.3%
Contributions10/11	€0.3m	€0.3m	-	€0.3m	€0.3m	€0.3m	€0.3m	€0.3m	=
Reserves13	€0.02m	€0.03m	€0.04m	€0.4m	€0.6m	€0.7m	€0.7m	€1.0m	▲ 35.6%
Distributable reserves133	-	-	-	€0.4m	€0.6m	€0.7m	€0.7m	€1.0m	▲ 35.6%
Profit (loss) carried forward14	€0.03m	€0.03m	€0.03m	-	-	-	-	-	-
Amounts payable17/49	€0.8m	€1.1m	€1.4m	€1.4m	€1.6m	€3.7m	€4.2m	€4.1m	▼ 2.5%
Amounts payable after more than one year17	€0.1m	€0.2m	€0.3m	€0.2m	€0.2m	€2.4m	€1.4m	€0.6m	▼ 55.3%
Financial debts170/4	-	-	-	€0.2m	€0.2m	€2.4m	€1.4m	€0.6m	▼ 55.3%
Amounts payable within one year42/48	€0.7m	€0.9m	€1.1m	€1.2m	€1.3m	€1.2m	€2.8m	€3.5m	▲ 24.1%
Current portion of amounts payable after more than one year42	-	-	-	€0.05m	€0.03m	€0.05m	€1.7m	€2.1m	▲ 22.7%
Financial debts43	-	-	-	€0.2m	€0.06m	€0.4m	€0.2m	€0.2m	=
Credit institutions430/8	-	-	-	€0.2m	€0.06m	€0.4m	€0.2m	€0.2m	=
Trade debts44	€0.2m	€0.3m	€0.3m	€0.3m	€0.7m	€0.4m	€0.6m	€0.8m	▲ 18.8%
Suppliers440/4	-	-	-	€0.3m	€0.7m	€0.4m	€0.6m	€0.8m	▲ 18.8%
Advances received on contracts in progress46	-	-	-	€0.003m	€0.003m	€0.03m	€0.03m	€0.03m	=
Taxes, remuneration and social security45	-	-	-	€0.2m	€0.2m	€0.02m	€0.1m	€0.3m	▲ 145%
Taxes450/3	-	-	-	€0.2m	€0.2m	€0.002m	€0.1m	€0.3m	▲ 181%
Remuneration and social security454/9	-	-	-	€0.03m	€0.02m	€0.02m	€0.03m	€0.02m	▼ 19.8%
Other amounts payable47/48	-	-	-	€0.4m	€0.3m	€0.3m	€0.1m	€0.1m	▼ 24.2%
Accrued charges and deferred income492/3	-	-	-	-	€0.002m	€0	-	€0.002m	-

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€2,728	€17,753	€3,681	€358,024	€196,048	€104,697	€10,296	€261,631	▲ 25×
+ Depreciation and write-downs630	€66,340	€48,744	€23,091	€26,921	€27,933	€30,804	€43,805	€57,974	▲ 32.3%
Operating cash flow (approximation)	€69,068	€66,497	€26,772	€384,945	€223,980	€135,502	€54,101	€319,605	▲ 491%
Investment in fixed assets (approximation)	-	-€91,115	€11,365	-€39,967	-€16,624	-€129,910	-€241,956	-€100,895	▲ 58.3%
Change in cash	-	-€56,277	-€94,388	€734,555	-€428,941	-€232,256	€340,979	-€226,226	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 4,508 companies had the same profile as STRAK PROJECT has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.

Micro
10 to 20 years old
solvency 10 to 30%
a profit under 5% of the balance sheet

96.9% was still going

1.6% stopped otherwise

1.4% went bankrupt

That fits the bankruptcy probability of STRAK PROJECT itself: 1.0% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,508 companies, not a prediction for STRAK PROJECT. 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.

Latest 10 of 17 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	25-09-2026	2026-00523541	PDF
31-12-2024	abbreviated format	02-10-2025	2025-00524491	PDF
31-12-2023	abbreviated format	15-07-2024	2024-00249618	PDF
31-12-2022	abbreviated format	05-07-2023	2023-00211988	PDF
31-12-2021	abbreviated format	16-06-2022	2022-20076761	PDF
31-12-2020	abbreviated format	31-08-2021	2021-63300116	PDF
31-12-2019	abbreviated format	08-10-2020	2020-60400094	PDF
31-12-2018	abbreviated format	29-08-2019	2019-56800214	PDF
31-12-2017	abbreviated format	30-08-2018	2018-58400176	PDF
31-12-2016	abbreviated format	28-08-2017	2017-51200129	PDF

Show all 17 filings

Board & ownership

Directors

1 director, last change in 2026

Act of 28-01-2026Registered office moved from Maldegem to ZelzateNew seat: Oostkade 17 bus 001, 9060 Zelzate · Previous seat: Staatsbaan 89/1 - 9991 Maldegem · Permanent representative: Schelstraete Ignace

Board 1

Keizer en Koning

Director (not named in the articles) · since 01-07-2022 · term without a fixed end · Private limited company · permanent representative: Schelstraete Ignace · listed in the 2023 annual accounts, filed on 15-07-2024

Current

Permanent representatives 1

Schelstraete Ignace

Permanent representative · appointed in the act of 12-01-2023 · for Keizer en Koning

Current

Office holders in the KBO →

Signing authority

Each director alone

deed of 20-01-2022

Owners and capital

Capital transactions

Capital over time

20-01-2022 Converted to unavailable equity

Mandate history

3 people, 1 in office

All 3 In office 1 Ended 2

Board
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Keizer en Koning	Director (not named in the articles), from 01-07-2022 to date
Meyvaert Els	Manager, until 20-01-2022 Director (not named in the articles), appointed in the act of 20-01-2022, until 17-02-2022 Director, until 05-09-2023
SCHELSTRAETE Ignace	Manager, until 20-01-2022 Director (not named in the articles), appointed in the act of 20-01-2022, until 12-01-2023

See the board, name and registered office on a given date →

Articles of association

Board rule: “Een of meer personen al dan niet aandeelhouder, benoeming en ad nutum ontslag door algemene vergadering bij gewone meerderheid”

Articles of association, deed of 20-01-2022 (in Dutch)

Network & group

Companies at the same address

6 other companies

Connections & network

5 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

CoBeZa

Shared director

→

Keizer en Koning

Shared director

→

Hard Hout

Shared corporate director

→

Jolier Invest

Shared corporate director

→

Show 1 more companies with a shared director

STRAK Contemporary and Modern Building

Shared corporate director

→

Timeline

Acts, filings and financial milestones

All 20Financial 4Gazette 6Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

25-09

NBB filing Annual accounts 2025 filedNBB

abbreviated format · 56 days late

28-01

Gazette deed Registered office moved from Maldegem to Zelzate

New seat: Oostkade 17 bus 001, 9060 Zelzate · Previous seat: Staatsbaan 89/1 - 9991 Maldegem · Permanent representative: Schelstraete Ignace3 points ▸

Board meeting, 21-10-2025
Registered-office move, Oostkade 17 bus 001, 9060 Zelzate
Permanent representative, Schelstraete Ignace

Open the act in the Belgian Official Gazette

2025

31-12

Financial Equity above €1mequity €1.3m ▲26.3%

With a profit in every financial year since 2018, equity grows to €1.3m.

02-10

NBB filing Annual accounts 2024 filedPDF

abbreviated format · 63 days late

2024

15-07

NBB filing Annual accounts 2023 filedPDF

abbreviated format · 16 days before the deadline

2023

31-12

Financial Liquidity more than doubledcurrent ratio 3.45

The current ratio rises from 1.57 to 3.45. Short-term debt falls from €1.3m to €1.2m.

05-09

Gazette deed Resignation: Els Meyvaert (director)

Director discharge3 points ▸

Board meeting, 27-06-2023
Director resignation, Els Meyvaert (director)
Director discharge, Els Meyvaert

Open the act in the Belgian Official Gazette

05-07

NBB filing Annual accounts 2022 filedPDF

abbreviated format · 26 days before the deadline

22-05

Gazette deed Resignation: Els Meyvaert (director)

Permanent representative: Ignace Schelstraete · Director discharge7 points ▸

General meeting, 06-03-2023
Director resignation, Els Meyvaert (director)
Director discharge, Els Meyvaert
Board meeting, 06-03-2023
Other provision, “alle aandelen in 1 hand verenigd, artikel 2:8 §4 WVV” (deed in Dutch)
Director in office, Keizer en Koning BV (director)
Permanent representative, Ignace Schelstraete

Open the act in the Belgian Official Gazette

12-01

Gazette deed 1 director appointed, 1 director resigning

Resignation: Schelstraete Ignace (director) · Appointment: Keizer en Koning BV (director) · Permanent representative: Schelstraete Ignace5 points ▸

General meeting, 01-07-2022
Director resignation, Schelstraete Ignace (director (not named in the articles))
Director discharge, Schelstraete Ignace
Director appointment, Keizer en Koning BV (director (not named in the articles))
Permanent representative, Schelstraete Ignace

Open the act in the Belgian Official Gazette

2022

16-06

NBB filing Annual accounts 2021 filedPDF

abbreviated format · 45 days before the deadline

20-01

Gazette deed Company renamed from STRAK BOUW to Strak Project

Changes of role: SCHELSTRAETE Ignace (director) and MEYVAERT Els (director) · Amendment of the articles · Capital conversion12 points ▸

General meeting, 29-12-2021
Amendment of the articles, mentioned 3 times in the deed
Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
Name change, Strak Project
Capital
Director resignation, SCHELSTRAETE Ignace (manager)
Director resignation, MEYVAERT Els (manager)
Director appointment, SCHELSTRAETE Ignace (director (not named in the articles))
Director appointment, MEYVAERT Els (director (not named in the articles))
Registered office clause, “9991 Maldegem (Adegem), Staatsbaan 89 bus 0001, bevestigt gevestigd, adres niet opgenomen in statuten” (deed in Dutch)
Power of attorney

Open the act in the Belgian Official Gazette

Show earlier events

2021

31-12

Financial Highest result from 2018 to 2025net €358,024 ▲9,626%

The operating result of €654,226 and the net result of €358,024 are both a record.

31-12

Financial Equity above €500,000equity €685,248 ▲109%

With a profit in every financial year since 2018, equity grows to €685,248.

31-08

NBB filing Annual accounts 2020 filedPDF

abbreviated format · 31 days late

2020

08-10

NBB filing Annual accounts 2019 filedPDF

abbreviated format · 69 days late

2019

29-08

NBB filing Annual accounts 2018 filedPDF

abbreviated format · 29 days late

2018

30-08

NBB filing Annual accounts 2017 filedPDF

abbreviated format · 30 days late

2017

28-08

NBB filing Annual accounts 2016 filedPDF

abbreviated format · 28 days late

2008

09-09

Gazette deed IncorporationPDF

Show all 17 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

On 1 September 2008, STRAK PROJECT was incorporated.¹ The name was changed to Strak Project in 2022.² In 2026 the registered office moved to Zelzate.³ Total assets went from €1.1m in 2018 to €5.4m in 2025 and headcount from 2.2 to 2.1 full-time equivalents.⁴

Company details

Register details

Identity

KBO record

Name STRAK PROJECT in Dutch

Former name STRAK BOUW until 29-12-2021 · act of 20-01-2022

Enterprise number 0806.055.053

Legal form Private limited company

Status Active, normale toestand

Founded 01-09-2008

Entity type Legal entity

Duration

Unlimited

deed of 20-01-2022 (in Dutch)

Registered office clause

“Vlaams Gewest”

deed of 20-01-2022 (in Dutch)

Registered office and establishments

Registered office Oostkade 17, 9060 Zelzate, Belgium

1 former office

Staatsbaan 89/1, 9991 Maldegem until 01-11-2025 · act of 28-01-2026

Establishment unit STRAK PROJECT, Staatsbaan 89, 9991 Maldegem since 21-08-2008 · unit number 2.173.956.575

Activities

NACEBEL 2025

VAT activities

68121 Development of residential building projects main activity

68110 Buying and selling of own real estate

Social security (RSZ) activities

68121 Development of residential building projects main activity

Codes under NACEBEL 2008

VAT activities

41101 Real estate development main activity

68100 Real estate activities

Social security (RSZ) activities

41101 Real estate development main activity

Joint committees 200 Aanvullend Paritair Comité voor de bedienden

323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden annual accounts 2023

Purpose

“Het verwerven, aankopen en verkopen, inbegrepen het bouwen en verbouwen van alle goederen, zowel onroerende als roerende, voor eigen…”

17 activities

Het verwerven, aankopen en verkopen, inbegrepen het bouwen en verbouwen van alle goederen, zowel onroerende als roerende, voor eigen rekening of voor rekening van derden
Zij mag eveneens voor eigen rekening gronden verkavelen, goederen beheren, in huur geven en onderhuren, gemeubeld of niet, en in het algemeen alle commerciële, industriële en financiële transacties uitvoeren die op haar voorwerp betrekking hebben.
Zij heeft eveneens tot voorwerp het aan- en verkopen, in stand houden en verbeteren met alle middelen van beschermde gebouwen, domeinen, monumenten en roerende goederen, deze te verhuren en huren, al of niet tegen betaling, met om het even welk doel, cultureel, sociaal of privé, of aan verenigingen met om het even welk voorwerp.
De montage van buiten- en binnen schrijnwerk van hout of van kunststof, deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen enzovoort.
De montage van buiten- en binnen schrijnwerk in metaal: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen enzovoort.
De kleinhandel in keukens
Devervaardiging van keukenmeubelen, eetkamer-, zitkamer- , slaapkamer- en badkamermeubelen, tuin- en terrasmeubelen.
Het uitvoeren van elektrotechnische installatiewerken aan gebouwen.
De installatie van verwarming, klimaatregeling en ventilatie.
Roerende en andere schenkingen ontvangen, gratis of tegen vergoeding, rechtstreeks in verband staand met de functie om de culturele en historische waarde ervan te verhogen.
De vennootschap mag haar activa verpanden ten voordele van derden.
Zij mag alle handels, nijverheids, financiële, roerende of onroerende handelingen verrichten die rechtstreeks of onrechtstreeks betrekking hebben op haar voorwerp.
De vennootschap mag op welke wijze ook betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk, een gelijkaardig of samenhangend voorwerp hebben, of die de ontwikkeling van haar voorwerp kunnen bevorderen, haar grondstoffen kunnen leveren, of de afzet van haar producten kunnen vergemakkelijken.
Dit alles zowel voor eigen rekening als voor rekening van derden of bij deelneming.
Ze mag verder alle verrichtingen doen die met het voorgaande in verband staan, met inbegrip van deelname in andere vennootschappen, of ondernemingen.
De vennootschap mag het bestuur waarnemen en toezicht en controle uitoefenen over alle verbonden vennootschappen, met dewelke een of andere band van deelneming bestaat en mag alle leningen, van gelijk welke vorm en voor gelijk welke duur, aan deze laatsten toestaan.
Zij mag bij wijze van inbreng in speciën of in natura, van fusie, inschrijving, deelneming, financiële tussenkomst of op een andere wijze, een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven in België of het buitenland, waarvan het voorwerp identiek, gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen.

deed of 20-01-2022 (in Dutch)

Invoicing and payment

VAT number BE 0806.055.053

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0806055053

Registered 21-10-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0806.055.053

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Annual meeting

Last Thursday of May at 10:00

deed of 20-01-2022 (in Dutch)

Environmental permits

22 applications in Flanders since 2019 · 11 granted · 4 refused

Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen

Granted on 28-04-2025submitted 19-02-2025authority: Evergemproject 2025020320

Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies

Granted on 27-06-2025submitted 04-02-2025authority: Aalstproject 2025010500

Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen

Discontinued on 17-02-2025submitted 16-12-2024authority: Evergemproject 2024157182

Refused on 02-09-2024submitted 28-12-2023authority: Aalstproject 2023147493

Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen

Discontinued on 03-09-2024submitted 19-07-2023authority: Provincie Oost-Vlaanderenproject 2023099562

Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen

Discontinued on 19-07-2023submitted 18-07-2023authority: Provincie Oost-Vlaanderenproject 2023098660

Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies

Granted on 17-10-2024submitted 11-05-2023authority: Provincie Oost-Vlaanderenproject 2023062919

Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies

Discontinued on 25-08-2023submitted 08-02-2023authority: Aalstproject 2023011444

Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen

Refused on 20-03-2023submitted 29-11-2022authority: Aalterproject 2022158156

Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies

Granted on 12-12-2022submitted 18-08-2022authority: Lochristiproject 2022108996

The 10 most recent of 22 applications.

Source: Omgevingsloket Vlaanderen.

Sites & property

Location

registered office establishment The establishment unit on the map

7 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area

1,015 m²

Building footprint

543 m²

Building volume

3,749 m³

Tallest building: 12.8 m.

Cadastral parcel	Region	Area	Buildings	Height / floors
43018A0658/00A000	Flanders	734 m²	1 · 363 m²	12.8 m · 2
43001A0784/00Z000	Flanders	281 m²	1 · 180 m²	12.0 m · 3