STRATESCENCE
ActiveSummary
STRATESCENCE has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €599,407 and a net result of €21,544. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 65% of 271 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00479429.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21,544▼ 38.9%
2024 · €35,272
Working capital
€157,966▲ 26.3%
2024 · €125,090
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€39,769
2025
Net result€21,544
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€911,854
2025
Equity€599,407
2025
Debt€312,447
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€157,966
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency65.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.47
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 72, Scientific research and development: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€103,457-€92,750▼ 10.4%€36,728▼ 60.4%€61,225▲ 66.7%€121,551▲ 98.5%€110,732▼ 8.9%€50,502▼ 54.4%€39,769▼ 21.3%
Net result€68,693-€61,285▼ 10.8%€19,290within the sector's middle half▼ 68.5%€40,714within the sector's middle half▲ 111%€82,093within the sector's middle half▲ 102%€76,673within the sector's middle half▼ 6.6%€35,272within the sector's middle half▼ 54.0%€21,544within the sector's middle half▼ 38.9%
Equity€262,536-€323,821▲ 23.3%€343,112within the sector's middle half▲ 6.0%€383,825within the sector's middle half▲ 11.9%€465,919within the sector's middle half▲ 21.4%€542,592within the sector's middle half▲ 16.5%€577,863within the sector's middle half▲ 6.5%€599,407within the sector's middle half▲ 3.7%
Total assets€673,680-€716,325▲ 6.3%€736,251within the sector's middle half▲ 2.8%€657,002below the sector's middle half▼ 10.8%€687,984below the sector's middle half▲ 4.7%€653,175below the sector's middle half▼ 5.1%€598,305below the sector's middle half▼ 8.4%€911,854within the sector's middle half▲ 52.4%
Debt€411,144-€392,504▼ 4.5%€393,139▲ 0.2%€273,177▼ 30.5%€222,066▼ 18.7%€110,583▼ 50.2%€20,441▼ 81.5%€312,447▲ 1,428%
Working capital€116,593-€120,100▲ 3.0%€81,604within the sector's middle half▼ 32.1%€29,971within the sector's middle half▼ 63.3%€63,936within the sector's middle half▲ 113%€81,449within the sector's middle half▲ 27.4%€125,090within the sector's middle half▲ 53.6%€157,966within the sector's middle half▲ 26.3%
Solvency39.0%-45.2%▲ 6.2pp46.6%within the sector's middle half▲ 1.4pp58.4%within the sector's middle half▲ 11.8pp67.7%within the sector's middle half▲ 9.3pp83.1%above the sector's middle half▲ 15.3pp96.6%above the sector's middle half▲ 13.5pp65.7%within the sector's middle half▼ 30.8pp
Current ratio2.11-1.83▼ 0.271.40within the sector's middle half▼ 0.431.21within the sector's middle half▼ 0.191.41within the sector's middle half▲ 0.211.76within the sector's middle half▲ 0.347.14above the sector's middle half▲ 5.382.47within the sector's middle half▼ 4.67
Return on assets (ROA)10.2%-8.6%▼ 1.6pp2.6%within the sector's middle half▼ 5.9pp6.2%within the sector's middle half▲ 3.6pp11.9%above the sector's middle half▲ 5.7pp11.7%above the sector's middle half▼ 0.2pp5.9%within the sector's middle half▼ 5.8pp2.4%within the sector's middle half▼ 3.5pp
above
within
below
the middle half of NACE 72, Scientific research and development: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €911,854
Fixed assets
€646,329 ▲ 42.7%
Current assets
€265,525 ▲ 82.5%
Equity and liabilities €911,854
Equity
€599,407 ▲ 3.7%
Debt
€312,447 ▲ 1,428%
Debt's share of the balance-sheet total rises from 3.4% to 34.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,984▼
2024 · €64,955
Cash flow
€28,759▼
2024 · €49,724
Debt to equity
0.52▲
2024 · 0.04
ROE
3.6%▼
2024 · 6.1%
Interest coverage
5.15▼
2024 · 49.14
Debt ≤ 1 year
€107,559▲
2024 · €20,381
Debt > 1 year
€204,404▲
2024 · €0
Income taxes
€9,841▼
2024 · €15,008
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,268 | €11,173 | €4,129 | €9,871 | €13,800 | €14,566 | €14,453 | €7,216 | ▼ 50.1% |
| Other operating charges640/8 | - | - | - | €3,417 | €1,901 | €1,892 | €2,694 | €4,291 | ▲ 59.2% |
| Gross operating margin9900 | €120,187 | €108,740 | €42,522 | €74,513 | €137,252 | €127,190 | €67,650 | €51,275 | ▼ 24.2% |
| Operating profit (loss)9901 | €103,457 | €92,750 | €36,728 | €61,225 | €121,551 | €110,732 | €50,502 | €39,769 | ▼ 21.3% |
| Financial income75/76B | - | - | - | €9,555 | €1 | €567 | €1,099 | €748 | ▼ 31.9% |
| Recurring financial income75 | €196 | €60 | - | €9,555 | €1 | €567 | €1,099 | €748 | ▼ 31.9% |
| Financial charges65/66B | - | - | - | €6,750 | €5,518 | €2,838 | €1,322 | €9,132 | ▲ 591% |
| Recurring financial charges65 | €8,833 | €9,068 | €7,844 | €6,750 | €5,518 | €2,838 | €1,322 | €9,132 | ▲ 591% |
| Profit (loss) for the period before taxes9903 | €94,821 | €83,741 | €28,884 | €64,029 | €116,033 | €108,461 | €50,280 | €31,385 | ▼ 37.6% |
| Transfer from deferred taxes780 | - | - | - | - | €0 | - | - | - | - |
| Income taxes67/77 | €26,128 | €22,456 | €9,593 | €23,316 | €33,940 | €31,788 | €15,008 | €9,841 | ▼ 34.4% |
| Profit (loss) for the period9904 | €68,693 | €61,285 | €19,290 | €40,714 | €82,093 | €76,673 | €35,272 | €21,544 | ▼ 38.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €14,425 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €64,971 | €57,167 | €19,290 | €55,139 | €82,093 | €76,673 | €35,272 | €21,544 | ▼ 38.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €673,680 | €716,325 | €736,251 | €657,002 | €687,984 | €653,175 | €598,305 | €911,854 | ▲ 52.4% |
| Fixed assets21/28 | €451,828 | €452,272 | €450,767 | €483,327 | €469,527 | €463,916 | €452,833 | €646,329 | ▲ 42.7% |
| Tangible fixed assets22/27 | €10,738 | €11,182 | €9,678 | €42,238 | €28,438 | €22,827 | €11,744 | €5,240 | ▼ 55.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €3,229 | €2,892 | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | €35,942 | €25,119 | €22,139 | €8,352 | €2,348 | ▼ 71.9% |
| Other tangible fixed assets26 | - | - | - | €6,295 | €3,319 | €688 | €163 | €0 | ▼ 100% |
| Financial fixed assets28 | €441,089 | €441,089 | €441,089 | €441,089 | €441,089 | €441,089 | €441,089 | €641,089 | ▲ 45.3% |
| Current assets29/58 | €221,852 | €264,053 | €285,484 | €173,675 | €218,457 | €189,259 | €145,472 | €265,525 | ▲ 82.5% |
| Amounts receivable within one year40/41 | €169,282 | €197,898 | €214,295 | €108,115 | €144,422 | €122,295 | €132,316 | €234,304 | ▲ 77.1% |
| Trade receivables40 | - | - | - | €107,242 | €143,549 | €113,022 | €115,993 | €148,632 | ▲ 28.1% |
| Other amounts receivable41 | - | - | - | €873 | €873 | €9,274 | €16,323 | €85,672 | ▲ 425% |
| Cash at bank and in hand54/58 | €50,425 | €63,688 | €69,808 | €65,171 | €73,844 | €65,584 | €12,568 | €30,346 | ▲ 141% |
| Deferred charges and accrued income490/1 | - | - | - | €389 | €191 | €1,380 | €588 | €875 | ▲ 49.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €673,680 | €716,325 | €736,251 | €657,002 | €687,984 | €653,175 | €598,305 | €911,854 | ▲ 52.4% |
| Equity10/15 | €262,536 | €323,821 | €343,112 | €383,825 | €465,919 | €542,592 | €577,863 | €599,407 | ▲ 3.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €197,167 | €246,285 | €265,575 | €306,289 | €388,383 | €465,056 | €500,327 | €521,871 | ▲ 4.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €304,429 | €386,523 | €463,196 | €498,467 | €520,011 | ▲ 4.3% |
| Profit (loss) carried forward14 | €46,770 | €58,936 | €58,936 | €58,936 | €58,936 | €58,936 | €58,936 | €58,936 | = |
| Amounts payable17/49 | €411,144 | €392,504 | €393,139 | €273,177 | €222,066 | €110,583 | €20,441 | €312,447 | ▲ 1,428% |
| Amounts payable after more than one year17 | €305,884 | €248,081 | €188,892 | €128,283 | €66,221 | €2,670 | €0 | €204,404 | - |
| Financial debts170/4 | - | - | - | €128,283 | €66,221 | €2,670 | €0 | €204,404 | - |
| Amounts payable within one year42/48 | €105,260 | €143,953 | €203,880 | €143,704 | €154,521 | €107,809 | €20,381 | €107,559 | ▲ 428% |
| Current portion of amounts payable after more than one year42 | - | - | - | €63,100 | €64,610 | €66,157 | €5,334 | €42,509 | ▲ 697% |
| Financial debts43 | - | - | - | - | - | - | €1 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €1 | €0 | ▼ 100% |
| Trade debts44 | €5,653 | €60,441 | €128,325 | €7,290 | €30,759 | €11,959 | €7,009 | €52,729 | ▲ 652% |
| Suppliers440/4 | - | - | - | €7,290 | €30,759 | €11,959 | €7,009 | €52,729 | ▲ 652% |
| Taxes, remuneration and social security45 | - | - | - | €28,884 | €45,369 | €28,887 | €8,037 | €12,321 | ▲ 53.3% |
| Taxes450/3 | - | - | - | €28,884 | €43,489 | €28,887 | €6,157 | €12,321 | ▲ 100% |
| Remuneration and social security454/9 | - | - | - | - | €1,880 | €0 | €1,880 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €44,430 | €13,782 | €806 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,189 | €1,324 | €104 | €60 | €483 | ▲ 702% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,693 | €61,285 | €19,290 | €40,714 | €82,093 | €76,673 | €35,272 | €21,544 | ▼ 38.9% |
| + Depreciation and write-downs630 | €15,268 | €11,173 | €4,129 | €9,871 | €13,800 | €14,566 | €14,453 | €7,216 | ▼ 50.1% |
| Operating cash flow (approximation) | €83,962 | €72,458 | €23,420 | €50,585 | €95,893 | €91,239 | €49,724 | €28,759 | ▼ 42.2% |
| Investment in fixed assets (approximation) | - | -€11,617 | -€2,624 | -€42,431 | €0 | -€8,955 | -€3,370 | -€200,711 | ▼ 5,856% |
| Change in cash | - | €13,264 | €6,120 | -€4,637 | €8,673 | -€8,261 | -€53,015 | €17,777 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00479429 |
| 31-12-2024 | full format | 01-08-2025 | 2025-00349492 |
| 31-12-2023 | full format | 08-08-2024 | 2024-00336159 |
| 31-12-2022 | full format | 31-07-2023 | 2023-00307398 |
| 31-12-2021 | full format | 20-07-2022 | 2022-20232424 |
| 31-12-2020 | full format | 02-07-2021 | 2021-30500455 |
| 31-12-2019 | full format | 01-09-2020 | 2020-49300078 |
| 31-12-2018 | full format | 15-07-2019 | 2019-34100133 |
| 31-12-2017 | full format | 05-07-2018 | 2018-28300367 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-35800495 |
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Of the 419 active companies whose main activity is scientific research and development (NACE 72200), figures are known for 142. 98 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.