STRATTON SYSTEM
Dissolution or liquidationSummary
STRATTON SYSTEM was declared bankrupt; according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 01-08-2024). The KBO register records for STRATTON SYSTEM the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show negative equity (-€79,225) and a net result of -€95,792.
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
- Enterprise Court of Hainaut
- Opened
- 29 March 2024
- Track
- Reorganisation by transfer under court supervision
- Docket number
- 20230061
- Moratorium until
- 17 May 2024 (passed; an extension would be in a later judgment)
- Delegated judge
- Caroline Gaillard
- Official Gazette
- 04-04-2024 (pdf) ↗search the document for 2024/113881
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- A court officer sells the business or part of it; creditors are paid from the proceeds, according to their ranking.
- 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. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Joinery installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€95,792▼ 2,690%
2021 · -€3,433
Working capital
-€16,092
2021 · €19,251
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
Line20212022
Operating result€5,265--€87,789
Net result-€3,433--€95,792▼ 2,690%
Equity€16,567--€79,225
Total assets€357,377-€522,542▲ 46.2%
Debt€340,811-€601,768▲ 76.6%
Working capital€19,251--€16,092
Staff (FTE)16-14.5▼ 9.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €87,789 after €5,265 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €522,542
Fixed assets
€21,556 ▼ 41.2%
Current assets
€500,986 ▲ 56.2%
Key figures and ratios
EBITDA
-€72,685▼
2021 · €22,753
Cash flow
-€80,688▼
2021 · €14,055
Solvency
-15.2%▼
2021 · 4.6%
Current ratio
0.97▼
2021 · 1.06
Quick ratio
0.48▼
2021 · 0.56
Debt to equity
-7.60▼
2021 · 20.57
ROA
-18.3%▼
2021 · -1.0%
Interest coverage
-4.90▼
2021 · 5.17
Debt ≤ 1 year
€517,078▲
2021 · €301,465
Income taxes
€3,179▼
2021 · €10,500
Staff costs
€767,214▼
2021 · €990,074
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €990,074 | €767,214 | ▼ 22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,488 | €15,104 | ▼ 13.6% |
| Other operating charges640/8 | €7,239 | €2,076 | ▼ 71.3% |
| Gross operating margin9900 | €1.0m | €696,605 | ▼ 31.7% |
| Operating profit (loss)9901 | €5,265 | -€87,789 | ▼ 1,767% |
| Financial income75/76B | €6,203 | €10,020 | ▲ 61.5% |
| Recurring financial income75 | €6,203 | €10,020 | ▲ 61.5% |
| Financial charges65/66B | €4,401 | €14,844 | ▲ 237% |
| Recurring financial charges65 | €4,401 | €14,844 | ▲ 237% |
| Profit (loss) for the period before taxes9903 | €7,067 | -€92,612 | ▼ 1,411% |
| Income taxes67/77 | €10,500 | €3,179 | ▼ 69.7% |
| Profit (loss) for the period9904 | -€3,433 | -€95,792 | ▼ 2,690% |
| Profit (loss) for the period to be appropriated9905 | -€3,433 | -€95,792 | ▼ 2,690% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €357,377 | €522,542 | ▲ 46.2% |
| Fixed assets21/28 | €36,661 | €21,556 | ▼ 41.2% |
| Tangible fixed assets22/27 | €36,355 | €21,251 | ▼ 41.5% |
| Plant, machinery and equipment23 | €23,547 | €14,335 | ▼ 39.1% |
| Furniture and vehicles24 | €12,807 | €6,915 | ▼ 46.0% |
| Financial fixed assets28 | €306 | €306 | = |
| Current assets29/58 | €320,717 | €500,986 | ▲ 56.2% |
| Stocks and contracts in progress3 | €152,710 | €253,610 | ▲ 66.1% |
| Stocks30/36 | €152,710 | €253,610 | ▲ 66.1% |
| Amounts receivable within one year40/41 | €115,954 | €229,543 | ▲ 98.0% |
| Trade receivables40 | €87,039 | €214,481 | ▲ 146% |
| Other amounts receivable41 | €28,916 | €15,062 | ▼ 47.9% |
| Cash at bank and in hand54/58 | €48,928 | €14,145 | ▼ 71.1% |
| Deferred charges and accrued income490/1 | €3,125 | €3,687 | ▲ 18.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €357,377 | €522,542 | ▲ 46.2% |
| Equity10/15 | €16,567 | -€79,225 | ▼ 578% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€3,433 | -€99,225 | ▼ 2,790% |
| Amounts payable17/49 | €340,811 | €601,768 | ▲ 76.6% |
| Amounts payable within one year42/48 | €301,465 | €517,078 | ▲ 71.5% |
| Current portion of amounts payable after more than one year42 | - | €10,715 | - |
| Trade debts44 | €140,785 | €246,809 | ▲ 75.3% |
| Suppliers440/4 | €140,785 | €246,809 | ▲ 75.3% |
| Taxes, remuneration and social security45 | €160,680 | €259,554 | ▲ 61.5% |
| Taxes450/3 | €33,875 | €48,504 | ▲ 43.2% |
| Remuneration and social security454/9 | €126,806 | €211,050 | ▲ 66.4% |
| Accrued charges and deferred income492/3 | €39,345 | €84,689 | ▲ 115% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,433 | -€95,792 | ▼ 2,690% |
| + Depreciation and write-downs630 | €17,488 | €15,104 | ▼ 13.6% |
| Operating cash flow (approximation) | €14,055 | -€80,688 | ▼ 674% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€34,782 | - |
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
2024
01-08
Bankruptcy
Judicial dissolution
Tribunal de l’entreprise du Hainaut, division Charleroi
04-04
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · court-supervised transfer · event 29-03-2024
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Charleroi · 1 establishment unit since 2020
Ground area
1,345 m²
Building footprint
165 m²
Volume, LiDAR
462 m³
2 parcels, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
STRATTON SYSTEM
since 20202.303.850.760
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0239/00D162 | Wallonia | 1,129 m² | 1 · 120 m² | - |
| 52044B0499/00S008 | Wallonia | 216 m² | 1 · 44 m² | 13.5 m · 4 fl. |
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 20,025 companies in sector 43320 we hold annual accounts for 9,134. 5,756 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
Founded18-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.