STRASAL
Judicial reorganisationSummary
The file of STRASAL contains 2 judicial reorganisation notices, as published in the Belgian State Gazette. The KBO register records for STRASAL the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€1.4m) and a net result of -€27,345. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 231 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Commercial Court of Hainaut
- Opened
- 17 May 2018
- Track
- Reorganisation by amicable settlement
- Docket number
- 20180019
- Moratorium until
- 18 January 2019 (passed; an extension would be in a later judgment)
- Delegated judge
- Pierre Cornez
- Official Gazette
- 23-05-2018 (pdf) ↗search the document for 2018/122488
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.09 against 0.42 in 2024; cash: 60% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.4m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
59 d late
2022
156 d late
2021
31 d late
2020
27 d late
2019
29 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 47 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Materials recovery from waste sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€27,345▲ 96.3%
2024 · -€731,940
Working capital
-€684,124▼ 6.4%
2024 · -€643,061
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,724▼ 47.1%€34,860▲ 351%€145,676▲ 318%-€94,532€35,481
Net result-€21,843below the sector's middle half▼ 93.6%€2,848below the sector's middle half€51,523within the sector's middle half▲ 1,709%-€731,940below the sector's middle half-€27,345below the sector's middle half▲ 96.3%
Equity-€728,973below the sector's middle half▼ 3.1%-€726,125below the sector's middle half▲ 0.4%-€674,602below the sector's middle half▲ 7.1%-€1.4mbelow the sector's middle half▼ 108%-€1.4mbelow the sector's middle half▼ 1.9%
Total assets€910,252below the sector's middle half▲ 19.8%€808,349below the sector's middle half▼ 11.2%€1.4mbelow the sector's middle half▲ 71.7%€465,618below the sector's middle half▼ 66.5%€66,214below the sector's middle half▼ 85.8%
Debt€1.6m▲ 11.7%€1.5m▼ 6.4%€2.1m▲ 34.4%€1.9m▼ 9.2%€1.5m▼ 19.9%
Working capital-€537,305below the sector's middle half▼ 4.2%-€536,324below the sector's middle half▲ 0.2%-€466,825below the sector's middle half▲ 13.0%-€643,061below the sector's middle half▼ 37.8%-€684,124below the sector's middle half▼ 6.4%
Solvency-80.1%below the sector's middle half▲ 12.9pp-89.8%below the sector's middle half▼ 9.7pp-48.6%below the sector's middle half▲ 41.2pp-302.1%below the sector's middle half▼ 253.5pp
Current ratio0.39below the sector's middle half▲ 0.120.32below the sector's middle half▼ 0.080.64below the sector's middle half▲ 0.320.42below the sector's middle half▼ 0.220.09below the sector's middle half▼ 0.33
Return on assets (ROA)-2.4%below the sector's middle half▼ 0.9pp0.4%within the sector's middle half▲ 2.8pp3.7%within the sector's middle half▲ 3.4pp-157.2%below the sector's middle half▼ 160.9pp-41.3%below the sector's middle half▲ 115.9pp
Staff (FTE)18within the sector's middle half▲ 5.9%18.7within the sector's middle half▲ 3.9%59.8above the sector's middle half▲ 220%71.2above the sector's middle half▲ 19.1%21.8within the sector's middle half▼ 69.4%
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35,481 after a loss of €94,532 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66,214
Fixed assets
€237 =
Current assets
€65,977 ▼ 85.8%
Key figures and ratios
Debt to equity
-1.05▲
2024 · -1.33
Debt ≤ 1 year
€750,101▼
2024 · €1.1m
Debt > 1 year
€750,000=
2024 · €750,000
Income taxes
€17,034▼
2024 · €30,757
Staff costs
€1.4m▼
2024 · €4.4m
A ratio outside any meaningful range has been withheld (balance sheet total €66,214, equity -€1.4m).
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €949,615 | €1.1m | €3.5m | €4.4m | €1.4m | ▼ 68.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €178,666 | - | - |
| Other operating charges640/8 | €20,860 | €7,687 | €7,166 | - | €290 | - |
| Non-recurring operating charges66A | €1,235 | - | - | - | €12,098 | - |
| Gross operating margin9900 | €979,434 | €1.1m | €3.7m | €4.5m | €1.4m | ▼ 67.9% |
| Operating profit (loss)9901 | €7,724 | €34,860 | €145,676 | -€94,532 | €35,481 | ▲ 138% |
| Financial income75/76B | €1,253 | - | €5 | €4 | - | - |
| Recurring financial income75 | €1,253 | - | €5 | €4 | - | - |
| Financial charges65/66B | €14,466 | €10,612 | €9,884 | €606,655 | €45,792 | ▼ 92.5% |
| Recurring financial charges65 | €14,466 | €10,612 | €9,884 | €46,655 | €45,792 | ▼ 1.8% |
| Non-recurring financial charges66B | - | - | - | €560,000 | - | - |
| Profit (loss) for the period before taxes9903 | -€5,489 | €24,248 | €135,797 | -€701,183 | -€10,311 | ▲ 98.5% |
| Income taxes67/77 | €16,354 | €21,400 | €84,274 | €30,757 | €17,034 | ▼ 44.6% |
| Profit (loss) for the period9904 | -€21,843 | €2,848 | €51,523 | -€731,940 | -€27,345 | ▲ 96.3% |
| Profit (loss) for the period to be appropriated9905 | -€21,843 | €2,848 | €51,523 | -€731,940 | -€27,345 | ▲ 96.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €910,252 | €808,349 | €1.4m | €465,618 | €66,214 | ▼ 85.8% |
| Fixed assets21/28 | €560,237 | €560,237 | €560,237 | €237 | €237 | = |
| Financial fixed assets28 | €560,237 | €560,237 | €560,237 | €237 | €237 | = |
| Current assets29/58 | €350,015 | €248,112 | €827,871 | €465,381 | €65,977 | ▼ 85.8% |
| Amounts receivable within one year40/41 | €348,238 | €105,258 | €746,749 | €456,172 | €21,568 | ▼ 95.3% |
| Trade receivables40 | €312,809 | €69,829 | €711,321 | €456,172 | €14,581 | ▼ 96.8% |
| Other amounts receivable41 | €35,429 | €35,429 | €35,428 | - | €6,987 | - |
| Cash at bank and in hand54/58 | €1,189 | €142,854 | €81,122 | €9,209 | €39,728 | ▲ 331% |
| Deferred charges and accrued income490/1 | €588 | - | - | - | €4,681 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €910,252 | €808,349 | €1.4m | €465,618 | €66,214 | ▼ 85.8% |
| Equity10/15 | -€728,973 | -€726,125 | -€674,602 | -€1.4m | -€1.4m | ▼ 1.9% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €100,553 | €100,553 | €100,553 | €98,694 | €98,694 | = |
| Non-distributable reserves130/1 | €3,842 | €3,842 | €3,842 | €1,983 | €1,983 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | - | - | - |
| Other1319 | €1,983 | €1,983 | €1,983 | €1,983 | €1,983 | = |
| Tax-exempt reserves132 | €2,900 | €2,900 | €2,900 | €2,900 | €2,900 | = |
| Distributable reserves133 | €93,811 | €93,811 | €93,811 | €93,811 | €93,811 | = |
| Profit (loss) carried forward14 | -€1.8m | -€1.8m | -€1.8m | -€2.5m | -€2.5m | ▼ 1.1% |
| Amounts payable17/49 | €1.6m | €1.5m | €2.1m | €1.9m | €1.5m | ▼ 19.9% |
| Amounts payable after more than one year17 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Financial debts170/4 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Amounts payable within one year42/48 | €887,320 | €784,436 | €1.3m | €1.1m | €750,101 | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €248,017 | €175,583 | ▼ 29.2% |
| Trade debts44 | €86,225 | €23,808 | €12,194 | €126,000 | €6,894 | ▼ 94.5% |
| Suppliers440/4 | €86,225 | €23,808 | €12,194 | €126,000 | €6,894 | ▼ 94.5% |
| Advances received on contracts in progress46 | - | €147,675 | €53,727 | - | - | - |
| Taxes, remuneration and social security45 | €440,505 | €252,364 | €868,185 | €447,215 | €270,409 | ▼ 39.5% |
| Taxes450/3 | €152,391 | €50,912 | €183,074 | €107,089 | €73,376 | ▼ 31.5% |
| Remuneration and social security454/9 | €288,114 | €201,452 | €685,111 | €340,126 | €197,033 | ▼ 42.1% |
| Other amounts payable47/48 | €360,590 | €360,589 | €360,590 | €287,210 | €297,215 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | €1,905 | €38 | €18,014 | €13,718 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,843 | €2,848 | €51,523 | -€731,940 | -€27,345 | ▲ 96.3% |
| Operating cash flow (approximation) | -€21,843 | €2,848 | €51,523 | -€731,940 | -€27,345 | ▲ 96.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €560,000 | €0 | ▼ 100% |
| Change in cash | - | €141,665 | -€61,732 | -€71,913 | €30,519 | ▲ 142% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-09
Financial
Weakest financial yearnet -€731,940
Net result drops to -€731,940, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 59 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 156 days late
2022
30-09
Financial
Back to profitnet €2,848
Net result €2,848 after 2 loss-making years.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 302 days late
2018
26-09
Judicial reorganisation
Extension
Tribunal de commerce du Hainaut · amicable agreement · event 20-09-2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 35 days late
23-05
Judicial reorganisation
Opening
Tribunal de commerce du Hainaut · amicable agreement · event 17-05-2018
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Fleurus · 1 establishment unit since 1983
Ground area
4,981 m²
Building footprint
590 m²
Parcel 52332B0491/00G003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue de Spirou(FL) 32, 6220 Fleurus
since 19832.022.864.922
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0491/00G003indicative | Wallonia | 4,981 m² | 1 · 590 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-09-2025 of STRASAL 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.
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Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-1983
Fiscal year end30-09
Activities, NACEBEL 2025
38210Materials recovery from waste
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423968885
Also
9925:BE0423968885
Registered
09-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.