STRAT&GO
Annual accounts 2025
micro format, filed on 27-09-2026, 58 days lateGross margin
€17,898
▼ 47.6%
Operating result
€17,867
▼ 47.6%
Profit
€8,751
▼ 62.8%
Working capital
€5,345
▼ 6.1%
Solvency
14.3%
▲ 4.0 percentage points
Current ratio
1.25
▼ 0.16
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €84,000. Estimated: probably between €40,000 and €170,000.
Balance sheet
balance sheet total €177,404 on 31-12-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Position in the sector
Solvency14.3%
Higher than 19% of 39,312 companies in 2025.
Current ratio1.25
Higher than 33% of 37,997 companies in 2025.
Return on assets4.9%
Higher than 31% of 38,469 companies in 2025.
STRAT&GO
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
Total assets20/58 |
177,404 | 169,758 | 204,382 | 380,773 | 402,109 | 33,189 | 18,173 | 20,841 | 58,108 | 374 | 3,223 | 6,656 | 10,649 | 22,699 | 109,965 | 246,383 | 362,056 | |
Fixed assets21/28 |
150,576 | 150,000 | 150,000 | 368,154 | 374,177 | 643 | - | - | - | - | - | - | - | 5,275 | 26,203 | 136,332 | 152,561 | |
Tangible fixed assets22/27 |
150,576 | 150,000 | 150,000 | 368,154 | 374,177 | 643 | - | - | - | - | - | - | - | 5,275 | 26,203 | 136,179 | 152,408 | |
Land and buildings22 |
150,000 | 150,000 | 150,000 | 367,967 | 373,762 | - | - | - | - | - | - | - | - | - | - | - | - | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 366 | 99,034 | 104,325 | |
Furniture and vehicles24 |
576 | - | - | 187 | 415 | 643 | - | - | - | - | - | - | - | 5,275 | 25,837 | 37,145 | 48,083 | |
Financial fixed assets28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 153 | 153 | |
Current assets29/58 |
26,827 | 19,758 | 54,382 | 12,619 | 27,932 | 32,546 | 18,173 | 20,841 | 58,108 | 374 | 3,223 | 6,656 | 10,649 | 17,424 | 83,762 | 110,051 | 209,495 | |
Stocks and contracts in progress3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 99,624 | 203,643 | |
Stocks30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 99,624 | 203,643 | |
Amounts receivable within one year40/41 |
14,317 | 645 | 42,081 | 2,783 | 19,260 | 21,780 | 17,715 | 4,265 | 58,080 | - | - | 1,764 | 1,806 | 994 | 163 | 2,822 | 297 | |
Trade receivables40 |
12,797 | - | 42,080 | 2,783 | 19,260 | 21,780 | 17,710 | 4,260 | 58,080 | - | - | - | - | 203 | - | 363 | - | |
Other amounts receivable41 |
1,520 | 645 | 1 | - | - | - | 5 | 5 | - | - | - | 1,764 | 1,806 | 791 | 163 | 2,459 | 297 | |
Cash at bank and in hand54/58 |
10,010 | 18,963 | 7,247 | 9,780 | 8,672 | 10,766 | 458 | 16,576 | 28 | 374 | 2,973 | 4,892 | 8,843 | 16,205 | 83,599 | 7,038 | 4,874 | |
Deferred charges and accrued income490/1 |
2,501 | 150 | 5,054 | 57 | - | - | - | - | - | - | 249 | - | - | 225 | - | 567 | 681 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
Total equity and liabilities10/49 |
177,404 | 169,758 | 204,382 | 380,773 | 402,109 | 33,189 | 18,173 | 20,841 | 58,108 | 374 | 3,223 | 6,656 | 10,649 | 22,699 | 109,965 | 246,383 | 362,056 | |
Equity10/15 |
25,339 | 17,421 | -6,123 | -76,093 | -116,125 | -121,211 | -174,609 | -218,315 | -259,459 | -289,620 | -429,717 | -424,421 | -420,688 | -408,878 | -382,052 | -247,549 | -84,438 | |
Contributions10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
Issued capital100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
Profit (loss) carried forward14 |
5,339 | -2,579 | -26,123 | -96,093 | -136,125 | -141,211 | -194,609 | -238,315 | -279,459 | -309,620 | -449,717 | -444,421 | -440,688 | -428,878 | -402,052 | -267,549 | -104,438 | |
Amounts payable17/49 |
152,065 | 152,338 | 210,505 | 456,866 | 518,234 | 154,401 | 192,782 | 239,157 | 317,567 | 289,994 | 432,940 | 431,077 | 431,337 | 431,577 | 492,017 | 493,932 | 446,494 | |
Amounts payable after more than one year17 |
129,763 | 137,453 | 145,021 | 375,000 | 375,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
Financial debts170/4 |
129,763 | 137,453 | 145,021 | 375,000 | 375,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
21,482 | 14,065 | 65,483 | 80,934 | 142,582 | 154,401 | 192,782 | 239,157 | 317,567 | 289,994 | 431,740 | 431,077 | 431,337 | 431,577 | 492,017 | 493,932 | 446,494 | |
Current portion of amounts payable after more than one year42 |
7,690 | 7,568 | 4,979 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Trade debts44 |
373 | - | 260 | 1,963 | 100 | - | - | 193 | 2,332 | - | - | - | 260 | - | - | 915 | 2,365 | |
Suppliers440/4 |
373 | - | 260 | 1,963 | 100 | - | - | 193 | 2,332 | - | - | - | 260 | - | - | 915 | 2,365 | |
Taxes, remuneration and social security45 |
3,735 | - | 30,248 | 12,974 | 2,785 | 16,407 | 15,089 | 16,769 | 25,241 | - | - | - | - | - | - | 500 | 507 | |
Taxes450/3 |
3,735 | - | 30,248 | 12,974 | 2,785 | 16,407 | 15,089 | 16,769 | 25,241 | - | - | - | - | - | - | - | - | |
Remuneration and social security454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500 | 507 | |
Other amounts payable47/48 |
9,685 | 6,497 | 29,997 | 65,997 | 139,697 | 137,994 | 177,694 | 222,194 | 289,994 | 289,994 | 431,740 | 431,077 | 431,077 | 431,577 | 492,017 | 492,517 | 443,622 | |
Accrued charges and deferred income492/3 |
819 | 819 | - | 933 | 652 | - | - | - | - | - | 1,200 | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
Non-recurring operating income76A |
- | - | 45,408 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Gross operating margin9900 |
17,898 | 34,126 | 106,787 | 69,320 | 65,530 | 71,581 | 63,498 | 59,434 | 45,744 | 589 | -5,130 | -3,206 | -5,874 | -15,016 | -92,671 | -50,233 | -68,874 | |
Remuneration, social security and pensions62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 45 | 2,270 | 18,751 | 15,616 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
32 | - | 187 | 6,023 | 56,469 | 41 | - | - | - | - | - | - | 5,275 | 6,387 | 109,976 | 19,037 | 15,331 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -71,254 | 71,254 | - | |
Other operating charges640/8 |
- | - | - | - | - | - | - | - | - | 149 | 149 | 496 | 496 | 373 | 1,236 | 1,212 | 4,518 | |
Non-recurring operating charges66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,037 | - | 2,580 | - | |
Operating profit (loss)9901 |
17,867 | 34,126 | 106,600 | 63,297 | 9,061 | 71,540 | 63,498 | 59,434 | 45,744 | 440 | -5,278 | -3,703 | -11,645 | -21,821 | -134,899 | -160,487 | -104,339 | |
Financial income75/76B |
- | - | - | - | - | - | - | - | - | 139,700 | 26 | 7 | 78 | 105 | 550 | 45 | 108 | |
Recurring financial income75 |
- | - | - | - | - | - | - | - | - | - | 26 | 7 | 78 | 105 | 550 | 45 | 108 | |
Non-recurring financial income76B |
- | - | - | - | - | - | - | - | - | 139,700 | - | - | - | - | - | - | - | |
Financial charges65/66B |
4,636 | 2,716 | 11,772 | 9,000 | 2,111 | 76 | 82 | 51 | 53 | 42 | 42 | 37 | 117 | 57 | 146 | 105 | 191 | |
Recurring financial charges65 |
4,636 | 2,716 | 11,772 | 9,000 | 2,111 | 76 | 82 | 51 | 53 | 42 | 42 | 37 | 117 | 57 | 146 | 105 | 191 | |
Profit (loss) for the period before taxes9903 |
13,231 | 31,410 | 94,828 | 54,297 | 6,950 | 71,465 | 63,416 | 59,382 | 45,692 | 140,097 | -5,295 | -3,733 | -11,684 | -26,810 | -134,495 | -163,127 | -104,422 | |
Income taxes67/77 |
4,480 | 7,867 | 24,857 | 14,265 | 1,863 | 18,066 | 19,710 | 18,239 | 15,531 | - | 1 | - | 126 | 16 | 8 | -16 | 16 | |
Profit (loss) for the period9904 |
8,751 | 23,544 | 69,971 | 40,031 | 5,086 | 53,398 | 43,706 | 41,144 | 30,161 | 140,097 | -5,296 | -3,733 | -11,810 | -26,826 | -134,503 | -163,111 | -104,438 | |
Profit (loss) for the period to be appropriated9905 |
8,751 | 23,544 | 69,971 | 40,031 | 5,086 | 53,398 | 43,706 | 41,144 | 30,161 | 140,097 | -5,296 | -3,733 | -11,810 | -26,826 | -134,503 | -163,111 | -104,438 | |
| Appropriation of the result | ||||||||||||||||||
Profit (loss) to be appropriated9906 |
6,172 | -2,579 | -26,123 | -96,093 | -136,125 | -141,211 | -194,609 | -238,315 | -279,459 | -309,620 | -449,717 | -444,421 | -440,688 | -428,878 | -402,052 | -267,549 | -104,438 | |
Profit (loss) brought forward from the previous period14P |
-2,579 | -26,123 | -96,093 | -136,125 | -141,211 | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit to be distributed694/7 |
833 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
833 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
Average staff (FTE)9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1 | 0.9 | 0.7 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 38 | 1,499 | 1,428 | |
| Document | ||||||||||||||||||
The notes to these accounts have 8 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 27-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 58 days after the deadline. Filed on 27 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00526054.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-09-2026 | 2026-00526054 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00349966 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00432233 | |
| 31-12-2022 | micro format | 12-08-2023 | 2023-00328981 | |
| 31-12-2021 | micro format | 21-07-2022 | 2022-20214025 | |
| 31-12-2020 | micro format | 18-08-2021 | 2021-50700329 | |
| 31-12-2019 | micro format | 27-09-2020 | 2020-58300375 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45500156 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59400340 | |
| 31-12-2016 | micro format | 01-08-2017 | 2017-40200280 | |
| 31-12-2015 | full format | 10-08-2016 | 2016-41600546 | |
| 31-12-2014 | full format | 25-06-2015 | 2015-21700289 | |
| 31-12-2013 | full format | 02-07-2014 | 2014-27000116 | |
| 31-12-2012 | full format | 28-08-2013 | 2013-56200248 | |
| 31-12-2011 | full format | 20-08-2012 | 2012-42400571 | |
| 31-12-2010 | full format | 08-07-2011 | 2011-27600081 | |
| 31-12-2009 | full format | 19-07-2010 | 2010-31300275 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 17,898 | - | 106,787 | 69,320 | 65,530 | 71,581 | - | - | - | - | - | - | -6,370 | -15,434 | -24,923 | -141,450 | -89,008 | |
| Cash flow | 8,782 | - | 70,158 | 46,054 | 61,556 | 53,439 | - | - | - | - | - | - | -6,535 | -20,439 | -24,527 | -144,074 | -89,107 | |
| Investment in fixed assets (approximation) | 608 | - | -217,967 | 0 | 430,003 | 684 | - | - | - | - | - | - | 0 | -14,541 | -153 | 2,808 | 167,892 | |
| Change in cash | -8,953 | 11,716 | -2,533 | 1,107 | -2,094 | 10,309 | -16,118 | 16,548 | -346 | -2,599 | -1,918 | -3,951 | -7,362 | -67,394 | 76,561 | 2,164 | - | |
| Working capital | 5,345 | 5,694 | -11,101 | -68,315 | -114,650 | -121,854 | -174,609 | -218,315 | -259,459 | -289,620 | -428,517 | -424,421 | -420,688 | -414,153 | -408,255 | -383,881 | -236,999 | |
| Solvency | 14.3% | 10.3% | -3.0% | -20.0% | -28.9% | -365.2% | -960.8% | - | -446.5% | - | - | - | - | - | -347.4% | -100.5% | -23.3% | |
| Current ratio | 1.25 | 1.40 | 0.83 | 0.16 | 0.20 | 0.21 | 0.09 | 0.09 | 0.18 | - | - | 0.02 | 0.02 | 0.04 | 0.17 | 0.22 | 0.47 | |
| Quick ratio | 1.25 | 1.40 | 0.83 | 0.16 | 0.20 | 0.21 | 0.09 | 0.09 | 0.18 | - | - | 0.02 | 0.02 | 0.04 | 0.17 | 0.02 | 0.01 | |
| Debt to equity | 6.00 | 8.74 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| ROE | 34.5% | 135.1% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| ROA | 4.9% | 13.9% | 34.2% | 10.5% | 1.3% | 160.9% | 240.5% | 197.4% | 51.9% | - | - | -56.1% | -110.9% | -118.2% | -122.3% | -66.2% | -28.8% | |
| Interest coverage | 3.86 | - | 9.07 | 7.70 | 31.04 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €150,000 | €150,000 | - | €100,000 | €100,000 |
| Mortgage mandates | - | - | - | €175,000 | €275,000 |
| Carrying value of the mortgaged assets | €150,000 | €150,000 | - | €368,154 | €373,762 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €608 | - | - | - | €430,003 |
| Depreciation and write-downs of the year | €32 | - | €187 | €6,023 | €56,469 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STRAT&GO
The operating result for 2025 is 48% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 89.7% to 85.7%. Equity is higher and debt is lower.