Summary
Conclusion
the dossier summarised in one paragraphThe KBO register records legal situation 112 for STRATTON SYSTEM (Register: 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 (€-79k) and a net result of €-96k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneDissolution or liquidation
The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.
Insolvency timeline
2 events01-08-2024
Bankruptcy
Judicial dissolution
04-04-2024
Judicial reorganisation
Extension
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records a dissolution or liquidation. From that point the liquidator files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
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. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | 03-07-2023 | 28 d early | 2023-00210255 |
| 31-12-2021 | 31-07-2022 | 28-07-2022 | 3 d early | 2022-20250510 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: dissolution or liquidation
The KBO register records legal situation 112 for this company. This is today's state according to the register itself; the register carries no start date.
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-96k-2690.1%
Working capital€-16k
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 03-07-2023 with the NBB · fiscal year 2022 · volledig
€-73k
-
21-22
€-96k
-2690.1%
21-22
€-81k
-
21-22
€523k
+46.2%
21-22
€-79k
-
21-22
€-16k
-
21-22
15
-9.4%
21-22
€767k
-22.5%
21-22
€3k
-69.7%
21-22
€602k
+76.6%
21-22
€517k
+71.5%
21-22
0.97
-8.9%
21-22
0.48
-14.2%
21-22
-15.2%
-
21-22
-7.60
-
21-22
120.9%
-
21-22
-18.3%
-1808.2%
21-22
-4.90
-
21-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-73k |
| Net profit | €-96k |
| Cash flow | €-81k |
| Staff costs | €767k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €523k |
| Equity | €-79k |
| Debt | €602k |
| of which ≤ 1y | €517k |
| of which > 1y | - |
| Working capital | €-16k |
| Employees (FTE) | 14.5 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.97 |
| Quick ratio | 0.48 |
| Working capital ratio | -3.1% |
| Solvency | -15.2% |
| Debt / equity | -7.60 |
| Long-term debt ratio | - |
| Interest coverage | -4.90 |
| Gross margin | - |
| Net margin | - |
| ROA | -18.3% |
| ROE | 120.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €523k |
| Fixed assets | 21/28 | €22k |
| Tangible fixed assets | 22/27 | €21k |
| Financial fixed assets | 28 | €306 |
| Current assets | 29/58 | €501k |
| Stocks & contracts in progress | 3 | €254k |
| Amounts receivable within one year | 40/41 | €230k |
| Cash & bank | 54/58 | €14k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €523k |
| Equity | 10/15 | €-79k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-99k |
| Amounts payable | 17/49 | €602k |
| Amounts payable within one year | 42/48 | €517k |
| Trade debts payable within one year | 44 | €247k |
| Income statement | ||
| Gross operating margin | 9900 | €697k |
| Operating result | 9901 | €-88k |
| Financial income | 75 | €10k |
| Financial charges | 65 | €15k |
| Result before taxes | 9903 | €-93k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €-96k |
| Result to be appropriated | 9905 | €-96k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Emile Tumelaire 236000 CharleroiEstablishment units
1 locationSTRATTON SYSTEM
since 20202.303.850.760
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,345 m²
Buildings2
Building footprint165 m²
Volume (LiDAR)462 m³
Tallest building13.5 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
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. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette01-08-2024
Bankruptcy
Judicial dissolution
04-04-2024
Judicial reorganisation
Extension
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
3 acts Address history · 1
27-02-2025
Registered-office move
All acts · 3
updated 1 year ago
2025
27-02-2025 Registered office moved from MARCHIENNE AU PONT to CHARLEROI
- Rue Max Lambert 37 à 6030 MARCHIENNE AU PONT → Rue Tumelaire 23 Bte 31 à 6000 CHARLEROI
15-01-2025 Alain FIASSE appointed as liquidateur
- Alain FIASSE, Liquidateur
2024
06-06-2024 Closure of the liquidation
- Ontbinding: 2024-05-16
- Sluiting: 2024-05-16
Analysis
Snowflake analysis
financial profile on 5 axes35
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
44
Growth
32
Stability
0
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Company registry
Company registry (CBE)
Crossroads BankActivities
Schrijnwerk43320
Primary activity highlighted.
Names & trade names
| Legal nameFR | STRATTON SYSTEM |
Registered office
Rue Emile Tumelaire 23 bus 31
6000 Charleroi, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.