STRATES
ActiveSummary
STRATES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,666 and a net result of €5,404. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 7071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+9
Solvency37▲+1
Growth57▲+16
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.84 in 2024; short-term debt: 35.7% and cash: 0.2% of total assets), and 87.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.3%
Return on assets
2.6%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7071 sector peers (2025).
NBB · sector comparisonPosition among 7071 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d late
2023
41 d late
2022
36 d late
2021
29 d late
2020
27 d late
2019
34 d early
← 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 17 days after the deadline; the sector median for financial year 2024 is 6 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€246,371▲ 1.1%
2020 · €243,668
EBIT margin
8.3%▲ 1.5pp
2020 · 6.7%
Net result
€5,404
2024 · -€1,697
Working capital
€11,489
2024 · -€10,799
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
Turnover€246,371▲ 1.1%
Operating result€20,389▲ 24.0%€24,178▲ 18.6%€18,414▼ 23.8%€7,076▼ 61.6%€16,413▲ 132%
Net result€6,855▲ 247%€10,372▲ 51.3%€5,817▼ 43.9%-€1,697€5,404
EBIT margin8.3%▲ 1.5pp
Equity€9,428▲ 170%€18,886▲ 100%€23,788▲ 26.0%€21,176▼ 11.0%€25,666▲ 21.2%
Total assets€242,715▼ 12.1%€265,445▲ 9.4%€240,489▼ 9.4%€194,812▼ 19.0%€208,523▲ 7.0%
Debt€233,286▼ 14.5%€246,560▲ 5.7%€216,701▼ 12.1%€173,635▼ 19.9%€161,739▼ 6.9%
Working capital-€21,493▲ 1.9%-€9,528▲ 55.7%-€4,572▲ 52.0%-€10,799▼ 136%€11,489
Staff (FTE)1.1▼ 15.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 132% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208,523
Fixed assets
€122,692 ▼ 11.7%
Current assets
€85,830 ▲ 53.4%
Equity and liabilities €208,523
Equity
€25,666 ▲ 21.2%
Provisions
€21,118
Debt
€161,739 ▼ 6.9%
Debt's share of the balance-sheet total falls from 89.1% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,593▲
2024 · €24,012
Cash flow
€21,585▲
2024 · €15,239
Current ratio
1.15▲
2024 · 0.84
Debt to equity
6.30▼
2024 · 8.20
ROE
21.1%▲
2024 · -8.0%
ROA
2.6%▲
2024 · -0.9%
Interest coverage
2.61▲
2024 · 2.10
Debt ≤ 1 year
€74,341▲
2024 · €66,738
Debt > 1 year
€87,398▼
2024 · €106,897
Income taxes
€3,135▲
2024 · €7
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €246,371 | - | - | - | - | - |
| Non-recurring operating income76A | - | €2,923 | €2,509 | €27,321 | - | - |
| Remuneration, social security and pensions62 | - | €27,831 | €1,944 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,324 | €15,650 | €17,095 | €16,936 | €16,181 | ▼ 4.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €21,118 | - |
| Other operating charges640/8 | - | €5,157 | €1,314 | €2,384 | €6,785 | ▲ 185% |
| Non-recurring operating charges66A | - | €1,190 | €3,097 | - | €500 | - |
| Gross operating margin9900 | €86,829 | €74,006 | €41,865 | €26,396 | €60,997 | ▲ 131% |
| Operating profit (loss)9901 | €20,389 | €24,178 | €18,414 | €7,076 | €16,413 | ▲ 132% |
| Financial income75/76B | - | €991 | €4,808 | €2,647 | €4,594 | ▲ 73.5% |
| Recurring financial income75 | €2,053 | €991 | €4,808 | €2,647 | €4,594 | ▲ 73.5% |
| Financial charges65/66B | - | €12,558 | €15,306 | €11,413 | €12,468 | ▲ 9.2% |
| Recurring financial charges65 | €14,774 | €12,558 | €15,306 | €11,413 | €12,468 | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | €7,669 | €12,611 | €7,917 | -€1,690 | €8,539 | ▲ 605% |
| Income taxes67/77 | €814 | €2,239 | €2,100 | €7 | €3,135 | ▲ 42,147% |
| Profit (loss) for the period9904 | €6,855 | €10,372 | €5,817 | -€1,697 | €5,404 | ▲ 418% |
| Profit (loss) for the period to be appropriated9905 | €6,855 | €10,372 | €5,817 | -€1,697 | €5,404 | ▲ 418% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,715 | €265,445 | €240,489 | €194,812 | €208,523 | ▲ 7.0% |
| Fixed assets21/28 | €157,482 | €170,654 | €153,559 | €138,873 | €122,692 | ▼ 11.7% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €157,482 | €170,654 | €153,559 | €138,873 | €122,692 | ▼ 11.7% |
| Land and buildings22 | - | €121,051 | €114,770 | €110,574 | €103,844 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €29,320 | €25,633 | €22,081 | €18,849 | ▼ 14.6% |
| Furniture and vehicles24 | - | €20,283 | €13,156 | €6,218 | €0 | ▼ 100% |
| Current assets29/58 | €85,233 | €94,791 | €86,930 | €55,939 | €85,830 | ▲ 53.4% |
| Amounts receivable within one year40/41 | €60,799 | €93,805 | €86,029 | €51,140 | €85,486 | ▲ 67.2% |
| Trade receivables40 | - | €44,594 | €49,067 | €15,118 | €9,961 | ▼ 34.1% |
| Other amounts receivable41 | - | €49,210 | €36,962 | €36,022 | €75,526 | ▲ 110% |
| Cash at bank and in hand54/58 | €23,780 | €987 | €282 | €4,364 | €344 | ▼ 92.1% |
| Deferred charges and accrued income490/1 | - | - | €620 | €434 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,715 | €265,445 | €240,489 | €194,812 | €208,523 | ▲ 7.0% |
| Equity10/15 | €9,428 | €18,886 | €23,788 | €21,176 | €25,666 | ▲ 21.2% |
| Contributions10/11 | €11,826 | €11,826 | €11,826 | €11,826 | €11,826 | = |
| Outside capital11 | - | €11,826 | - | - | - | - |
| Other1109/19 | - | €11,826 | - | - | - | - |
| Profit (loss) carried forward14 | -€21,156 | -€10,784 | -€4,967 | -€6,664 | -€1,260 | ▲ 81.1% |
| Investment grants15 | - | €17,843 | €16,929 | €16,014 | €15,100 | ▼ 5.7% |
| Provisions and deferred taxes16 | - | - | - | - | €21,118 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €21,118 | - |
| Other liabilities and charges164/5 | - | - | - | - | €21,118 | - |
| Amounts payable17/49 | €233,286 | €246,560 | €216,701 | €173,635 | €161,739 | ▼ 6.9% |
| Amounts payable after more than one year17 | €126,561 | €142,240 | €125,199 | €106,897 | €87,398 | ▼ 18.2% |
| Financial debts170/4 | - | €142,240 | €125,199 | €106,897 | €87,398 | ▼ 18.2% |
| Amounts payable within one year42/48 | €106,725 | €104,320 | €91,502 | €66,738 | €74,341 | ▲ 11.4% |
| Current portion of amounts payable after more than one year42 | - | €16,474 | €18,008 | €18,301 | €19,500 | ▲ 6.5% |
| Financial debts43 | - | €27,806 | €29,994 | €30,000 | €30,000 | = |
| Credit institutions430/8 | - | €27,806 | €29,994 | €30,000 | €30,000 | = |
| Trade debts44 | €51,216 | €49,370 | €35,293 | €12,028 | €15,648 | ▲ 30.1% |
| Suppliers440/4 | - | €49,370 | €2,103 | €12,028 | €15,648 | ▲ 30.1% |
| Bills of exchange payable441 | - | - | €33,190 | - | - | - |
| Advances received on contracts in progress46 | - | - | - | €442 | - | - |
| Taxes, remuneration and social security45 | - | €10,670 | €8,207 | €5,967 | €9,193 | ▲ 54.1% |
| Taxes450/3 | - | €4,969 | €6,352 | €4,414 | €7,640 | ▲ 73.1% |
| Remuneration and social security454/9 | - | €5,701 | €1,855 | €1,553 | €1,553 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,855 | €10,372 | €5,817 | -€1,697 | €5,404 | ▲ 418% |
| + Depreciation and write-downs630 | €14,324 | €15,650 | €17,095 | €16,936 | €16,181 | ▼ 4.5% |
| Operating cash flow (approximation) | €21,178 | €26,022 | €22,912 | €15,239 | €21,585 | ▲ 41.6% |
| Investment in fixed assets (approximation) | - | -€28,822 | €0 | -€2,250 | €0 | ▲ 100% |
| Change in cash | - | -€22,793 | -€705 | €4,083 | -€4,021 | ▼ 198% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €5,404
Net result €5,404 after one loss-making year.
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
31-03
Financial
Weakest financial yearnet -€1,697
Net result drops to -€1,697, the lowest in the series; recovery starts the following year.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
31-03
Financial
Highest result since 2019net €10,372 ▲51.3%
Operating result €24,178, net result €10,372, both a record.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bièvre · 1 establishment unit since 2007
Ground area
4,561 m²
Building footprint
378 m²
2 parcels, Wallonia. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
STRATES SPRL
since 20072.161.448.030
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91352A0052/00A002 | Wallonia | 2,988 m² | 1 · 234 m² | - |
| 91352A0052/00D002 | Wallonia | 1,573 m² | 1 · 144 m² | - |
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 9,864 companies in sector 73110 we hold annual accounts for 3,752. 2,749 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 (pre-2019)
Founded03-04-2007
Fiscal year end31-03
Activities, NACEBEL 2025
73110Advertising agencies
74201Photography, excluding press photography
82990Other business support services
Contact
Phone
061/50.34.20Bièvre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888494561
Registered
27-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.