STRAREX (0734.980.579): financials and annual accounts

STRAREX

Antwerp ·KBO/BCE: BE 0734.980.579

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	588,419	456,987	354,053	248,577	247,442
Fixed assets`21/28`	98,141	56,009	65,043	32,074	28,199
Intangible fixed assets`21`	55,117	-	-	-	-
Tangible fixed assets`22/27`	41,723	54,709	64,493	31,524	28,199
Land and buildings`22`	4,092	-	-	-	-
Plant, machinery and equipment`23`	22,887	37,783	44,065	22,010	18,983
Furniture and vehicles`24`	14,517	15,771	18,347	6,507	5,283
Other tangible fixed assets`26`	228	1,154	2,081	3,007	3,933
Financial fixed assets`28`	1,300	1,300	550	550	-
Current assets`29/58`	490,278	400,978	289,010	216,503	219,243
Amounts receivable within one year`40/41`	332,295	319,420	235,325	166,056	71,942
Trade receivables`40`	304,377	299,798	234,533	165,856	71,942
Other amounts receivable`41`	27,918	19,622	792	200	-
Cash at bank and in hand`54/58`	143,130	77,454	50,708	45,732	106,936
Deferred charges and accrued income`490/1`	14,853	4,104	2,978	4,715	40,364
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	588,419	456,987	354,053	248,577	247,442
Equity`10/15`	194,004	120,261	77,921	39,090	9,519
Contributions`10/11`	3,000	3,000	3,000	3,000	3,000
Reserves`13`	191,004	117,261	74,921	36,090	6,519
Distributable reserves`133`	191,004	117,261	74,921	36,090	6,519
Amounts payable`17/49`	394,414	336,726	276,133	209,487	237,923
Amounts payable after more than one year`17`	0	668	5,884	8,674	12,913
Financial debts`170/4`	0	668	5,884	8,674	12,913
Amounts payable within one year`42/48`	394,414	336,058	270,249	200,470	225,010
Current portion of amounts payable after more than one year`42`	668	5,216	5,101	4,239	4,174
Trade debts`44`	296,534	156,973	94,851	100,851	149,798
Suppliers`440/4`	296,534	156,973	94,851	100,851	149,798
Taxes, remuneration and social security`45`	97,213	113,526	100,090	94,971	30,478
Taxes`450/3`	32,511	35,275	71,635	60,699	10,270
Remuneration and social security`454/9`	64,702	78,252	28,455	34,273	20,208
Other amounts payable`47/48`	0	60,343	70,208	410	40,559
Accrued charges and deferred income`492/3`	-	-	-	343	-
Income statement
Gross operating margin`9900`	621,983	687,849	657,324	357,830	288,560
Remuneration, social security and pensions`62`	479,464	581,593	560,518	294,721	257,520
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	23,404	26,788	24,010	13,856	8,720
Other operating charges`640/8`	1,110	1,286	3,683	892	2,264
Non-recurring operating charges`66A`	0	2,477	-	-	4,037
Operating profit (loss)`9901`	118,006	75,706	69,113	48,361	16,019
Financial income`75/76B`	1,216	212	253	61	10
Recurring financial income`75`	1,216	212	253	61	10
Financial charges`65/66B`	8,209	9,484	5,126	2,106	361
Recurring financial charges`65`	8,209	9,484	5,126	2,106	361
Profit (loss) for the period before taxes`9903`	111,013	66,434	64,240	46,316	15,667
Income taxes`67/77`	37,270	24,093	25,410	16,745	9,148
Profit (loss) for the period`9904`	73,743	42,341	38,831	29,571	6,519
Profit (loss) for the period to be appropriated`9905`	73,743	42,341	38,831	29,571	6,519
Appropriation of the result
Profit (loss) to be appropriated`9906`	73,743	42,341	38,831	29,571	6,519
Transfer to equity`691/2`	73,743	42,341	38,831	29,571	6,519
To other reserves`6921`	73,743	42,341	38,831	29,571	6,519
Social balance sheet
Average staff (FTE)`9087`	8.5	10.3	11	7.6	3.1
Hours worked`1013`	13,511	17,113	17,860	13,340	9,301
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
30-06-2025	abbreviated format	26-01-2026	2026-00013474	PDF
30-06-2024	micro format	16-01-2025	2025-00005552	PDF
30-06-2023	micro format	06-10-2023	2023-00479017	PDF
30-06-2022	micro format	19-01-2023	2023-00000557	PDF
30-06-2021	micro format	05-01-2022	2022-00300544	PDF

Year	Entries	Awarded	Paid
2025	1	€50,000	€12,500
2024	1	€1,020	€1,020
2023	1	€3,398	€3,398

Line	2025	2024	2023	2022	2021
EBITDA	141,409	102,494	93,123	62,218	24,739
Cash flow	97,146	69,129	62,840	43,427	15,239
Investment in fixed assets	65,535	20,531	57,278	17,731	60,343
Change in cash	65,676	26,747	4,976	-61,204	-
Working capital	95,863	64,920	18,761	16,033	-5,767
Solvency	33.0%	26.3%	22.0%	15.7%	3.8%
Current ratio	1.24	1.19	1.07	1.08	0.97
Debt to equity	2.03	2.80	3.54	5.36	24.99
ROE	38.0%	35.2%	49.8%	75.6%	68.5%
ROA	12.5%	9.3%	11.0%	11.9%	2.6%
Interest coverage	17.23	10.81	18.17	29.54	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	8	10	11	9
full-time	8	8	8	8
part-time	0	2	3	1
in full-time equivalents	8	9.6	10.3	8.6
Average over the year, in full-time equivalents	8.5	10.3	11	7.6
On a permanent contract	8	10	11	9
Joined	3	5	19	5
Left	5	6	17	3
Training hours	-	418	-	-

STRAREX

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency33.0%

Current ratio1.24

Return on assets12.5%

Staff

Staff cost per FTE€56,407

Joined and left-2

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €54,418 awarded, €16,918 paid

Key figures and ratios

Social balance sheet

Investments

Insights on STRAREX

Next steps

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€9,738	€19,481	€56,978	€17,181
Intangible fixed assets	€55,798	-	-	-
Financial fixed assets	-	€1,050	€300	€550
Depreciation and write-downs of the year	€23,404	€26,788	€24,010	€13,856