STRAUMANN
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00505886.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 24 filings
Turnover
€27.9m▲ 14.0%
2024 · €24.5m
EBIT margin
4.8%▼ 0.1pp
2024 · 4.9%
Net result
€965,978▲ 18.2%
2024 · €817,513
Working capital
€4.4m▼ 14.6%
2024 · €5.1m
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€27.9m
▲ 14.0%
2025
20182025
Operating result
€1.3m
▲ 10.7%
2025
20182025
Net result
€965,978
▲ 18.2%
2025
highest quarter of the sector
20182025
EBIT margin
4.8%
▼ 0.1pp
2025
20182025
Equity
€2.7m
▼ 24.2%
2025
middle half of the sector
20182025
Total assets
€10.5m
▲ 26.0%
2025
middle half of the sector
20182025
Debt
€7.8m
▲ 62.6%
2025
20182025
Working capital
€4.4m
▼ 14.6%
2025
highest quarter of the sector
20182025
Solvency
25.4%
▼ 16.8pp
2025
middle half of the sector
20182025
Current ratio
1.77
▼ 1.02
2025
middle half of the sector
20182025
Return on assets (ROA)
9.2%
▼ 0.6pp
2025
highest quarter of the sector
20182025
Staff (FTE)
34.5
▲ 3.6%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€9.7m-€11.5m▲ 19.2%€11.6m▲ 0.6%€21.8m€24.5m▲ 12.2%€27.9m▲ 14.0%
Operating result€0.3m-€0.4m▲ 16.2%€0.4m▲ 5.0%€0.5m▲ 31.4%€0.8m▲ 55.1%€1.1m▲ 39.9%€1.2m▲ 14.1%€1.3m▲ 10.7%
Net result€0.2m-€0.1m▼ 23.2%-€1.2mbelow the sector's middle half€0.3mabove the sector's middle half€0.5mabove the sector's middle half▲ 73.2%€0.5mwithin the sector's middle half▲ 2.1%€0.8mabove the sector's middle half▲ 58.0%€1.0mabove the sector's middle half▲ 18.2%
EBIT margin3.2%-3.1%▼ 0.1pp3.2%▲ 0.1pp4.9%4.9%▲ 0.1pp4.8%▼ 0.1pp
Equity€0.4m-€0.6m▲ 27.7%€1.4mwithin the sector's middle half▲ 143%€1.7mabove the sector's middle half▲ 21.2%€2.2mabove the sector's middle half▲ 30.3%€2.7mwithin the sector's middle half▲ 23.7%€3.5mwithin the sector's middle half▲ 30.3%€2.7mwithin the sector's middle half▼ 24.2%
Total assets€3.4m-€4.3m▲ 27.5%€4.1mwithin the sector's middle half▼ 3.8%€4.9mabove the sector's middle half▲ 19.1%€5.3mabove the sector's middle half▲ 7.5%€7.4mwithin the sector's middle half▲ 39.1%€8.3mwithin the sector's middle half▲ 12.8%€10.5mwithin the sector's middle half▲ 26.0%
Debt€2.9m-€3.7m▲ 27.5%€2.8m▼ 26.0%€3.3m▲ 18.0%€3.1m▼ 4.2%€4.7m▲ 49.7%€4.8m▲ 2.8%€7.8m▲ 62.6%
Working capital€1.3m-€1.4m▲ 5.8%€2.2mwithin the sector's middle half▲ 58.9%€2.6mabove the sector's middle half▲ 19.8%€3.3mabove the sector's middle half▲ 26.1%€3.9mabove the sector's middle half▲ 17.4%€5.1mabove the sector's middle half▲ 33.2%€4.4mabove the sector's middle half▼ 14.6%
Solvency13.2%-13.2%=33.3%within the sector's middle half▲ 20.1pp33.9%within the sector's middle half▲ 0.6pp41.0%within the sector's middle half▲ 7.2pp36.5%within the sector's middle half▼ 4.5pp42.2%within the sector's middle half▲ 5.7pp25.4%within the sector's middle half▼ 16.8pp
Current ratio1.63-1.48▼ 0.152.21within the sector's middle half▲ 0.732.20within the sector's middle half▼ 0.012.71within the sector's middle half▲ 0.502.18within the sector's middle half▼ 0.522.79within the sector's middle half▲ 0.601.77within the sector's middle half▼ 1.02
Return on assets (ROA)4.7%-2.9%▼ 1.9pp-28.8%below the sector's middle half▼ 31.7pp5.9%within the sector's middle half▲ 34.8pp9.5%within the sector's middle half▲ 3.6pp7.0%within the sector's middle half▼ 2.5pp9.8%above the sector's middle half▲ 2.8pp9.2%above the sector's middle half▼ 0.6pp
Staff (FTE)15.2-19.9▲ 30.9%26within the sector's middle half▲ 30.7%23.8above the sector's middle half▼ 8.5%28.7above the sector's middle half▲ 20.6%30.2above the sector's middle half▲ 5.2%33.3above the sector's middle half▲ 10.3%34.5above the sector's middle half▲ 3.6%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 11% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.5m
Fixed assets
€391,849 ▲ 17.4%
Current assets
€10.1m ▲ 26.4%
Equity and liabilities €10.5m
Equity
€2.7m ▼ 24.2%
Debt
€7.8m ▲ 62.6%
Debt's share of the balance-sheet total rises from 57.8% to 74.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.3m
Cash flow
€1.1m▲
2024 · €884,233
Quick ratio
1.56▼
2024 · 2.17
Debt to equity
2.94▲
2024 · 1.37
ROE
36.3%▲
2024 · 23.3%
Interest coverage
12.46▲
2024 · 10.63
Debt ≤ 1 year
€5.7m▲
2024 · €2.9m
Debt > 1 year
€900,000=
2024 · €900,000
Income taxes
€373,467▲
2024 · €312,031
Customer credit
44 days▲
2024 · 43 days
Supplier credit
51 days▲
2024 · 39 days
Staff costs
€4.7m▲
2024 · €4.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 24 | 31 | 30 | 34 | 34 |
| full-time | 23 | 29 | 26 | 30 | 29 |
| part-time | 1 | 2 | 4 | 4 | 5 |
| in full-time equivalents | 23.8 | 30.7 | 29.3 | 33.3 | 33 |
| Average over the year, in full-time equivalents | 23.8 | 28.7 | 30.2 | 32 | 34.5 |
| On a permanent contract | 24 | 31 | 30 | 34 | 34 |
| Joined | 9 | 16 | 7 | 10 | 4 |
| Left | 9 | 9 | 9 | 6 | 4 |
| Agency workers, average number | - | - | - | 1.4 | 1.1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €101,077 | €33,082 | €270,519 | €121,603 | €158,213 |
| Depreciation and write-downs of the year | €107,090 | €101,609 | €66,846 | €66,721 | €98,209 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is Ernst et Young Reviseurs d'Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | €36,390 | €44,200 | €45,531 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2023 · 1 entry · €500 awarded · €500 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €12.0m | - | - | €22.5m | €24.6m | €27.9m | ▲ 13.4% |
| Turnover70 | €9.7m | €11.5m | €11.6m | - | - | €21.8m | €24.5m | €27.9m | ▲ 14.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | - | - | -€0.002m | -€0.007m | ▼ 207% |
| Other operating income74 | - | - | €0.4m | - | - | €0.7m | €0.2m | €0.06m | ▼ 65.5% |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €63 | - |
| Operating charges60/66A | - | - | €11.6m | - | - | €21.4m | €23.4m | €26.6m | ▲ 13.6% |
| Goods for resale, raw materials and consumables60 | - | - | €7.4m | - | - | €14.4m | €17.0m | €19.2m | ▲ 13.0% |
| Purchases600/8 | - | - | - | - | - | €14.3m | €17.0m | €18.6m | ▲ 9.1% |
| Change in stocks: decrease (increase)609 | - | - | €0.04m | - | - | €0.03m | -€0.09m | €0.6m | - |
| Services and other goods61 | - | - | €1.5m | - | - | €2.8m | €2.2m | €2.6m | ▲ 18.6% |
| Remuneration, social security and pensions62 | - | - | €2.5m | €3.3m | €3.3m | €4.2m | €4.2m | €4.7m | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.04m | €0.08m | €0.1m | €0.1m | €0.07m | €0.07m | €0.1m | ▲ 47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.009m | -€0.01m | €0.1m | -€0.03m | -€0.03m | -€0.03m | ▲ 14.1% |
| Other operating charges640/8 | - | - | €0.06m | €0.03m | €0.03m | €0.05m | €0.05m | €0.09m | ▲ 84.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.03m | - | - | - |
| Gross operating margin9900 | - | - | - | €3.9m | €4.4m | - | - | - | - |
| Operating profit (loss)9901 | €0.3m | €0.4m | €0.4m | €0.5m | €0.8m | €1.1m | €1.2m | €1.3m | ▲ 10.7% |
| Financial income75/76B | - | - | - | €0.003m | €372 | €0.001m | €0.04m | €0.1m | ▲ 200% |
| Recurring financial income75 | €19 | €27 | - | €0.003m | €372 | €0.001m | €0.04m | €0.1m | ▲ 200% |
| Income from current assets751 | - | - | - | - | - | - | - | €0.06m | - |
| Other financial income752/9 | - | - | - | - | - | €0.001m | €0.04m | €0.07m | ▲ 60.9% |
| Financial charges65/66B | - | - | €1.5m | €0.04m | €0.06m | €0.1m | €0.1m | €0.1m | ▲ 1.4% |
| Recurring financial charges65 | €0.04m | €0.04m | €0.1m | €0.04m | €0.06m | €0.1m | €0.1m | €0.1m | ▲ 1.4% |
| Debt charges650 | €0.04m | €0.04m | €0.05m | - | - | - | - | €0.1m | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €0.04m | - | - | - | - | - | - |
| Other financial charges652/9 | - | - | €0.003m | - | - | €0.1m | €0.1m | €0.006m | ▼ 94.8% |
| Non-recurring financial charges66B | - | - | €1.4m | €0.003m | -€0 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | -€1.1m | €0.4m | €0.7m | €0.9m | €1.1m | €1.3m | ▲ 18.6% |
| Income taxes67/77 | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.4m | €0.3m | €0.4m | ▲ 19.7% |
| Taxes670/3 | - | - | €0.1m | - | - | €0.4m | €0.3m | €0.4m | ▲ 19.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €0.03m | €0.03m | ▲ 19.2% |
| Profit (loss) for the period9904 | €0.2m | €0.1m | -€1.2m | €0.3m | €0.5m | €0.5m | €0.8m | €1.0m | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.1m | -€1.2m | €0.3m | €0.5m | €0.5m | €0.8m | €1.0m | ▲ 18.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.4m | €4.3m | €4.1m | €4.9m | €5.3m | €7.4m | €8.3m | €10.5m | ▲ 26.0% |
| Fixed assets21/28 | €0.05m | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 17.4% |
| Tangible fixed assets22/27 | €0.05m | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 17.4% |
| Furniture and vehicles24 | - | - | €0.2m | €0.2m | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 17.4% |
| Current assets29/58 | €3.3m | €4.2m | €4.0m | €4.8m | €5.2m | €7.1m | €8.0m | €10.1m | ▲ 26.4% |
| Stocks and contracts in progress3 | €1.0m | €1.2m | €1.2m | €1.4m | €1.3m | €1.4m | €1.8m | €1.1m | ▼ 34.8% |
| Stocks30/36 | - | - | €1.2m | €1.4m | €1.3m | €1.4m | €1.8m | €1.1m | ▼ 34.8% |
| Finished goods33 | - | - | €1.0m | - | - | €1.2m | €1.6m | €1.1m | ▼ 32.6% |
| Goods purchased for resale34 | - | - | €0.2m | - | - | €0.2m | €0.2m | €0.06m | ▼ 58.9% |
| Amounts receivable within one year40/41 | €2.1m | €2.9m | €2.5m | €3.1m | €3.7m | €5.5m | €5.9m | €8.6m | ▲ 45.9% |
| Trade receivables40 | - | - | €2.4m | €2.0m | €3.7m | €5.4m | €2.9m | €3.3m | ▲ 15.9% |
| Other amounts receivable41 | - | - | €0.1m | €1.2m | €0.05m | €0.2m | €3.0m | €5.3m | ▲ 74.4% |
| Cash at bank and in hand54/58 | €242 | - | €0.2m | €261 | - | - | €0.08m | €0.03m | ▼ 57.3% |
| Deferred charges and accrued income490/1 | - | - | €0.07m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 22.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.4m | €4.3m | €4.1m | €4.9m | €5.3m | €7.4m | €8.3m | €10.5m | ▲ 26.0% |
| Equity10/15 | €0.4m | €0.6m | €1.4m | €1.7m | €2.2m | €2.7m | €3.5m | €2.7m | ▼ 24.2% |
| Contributions10/11 | €2.1m | €2.1m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Capital10 | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Issued capital100 | - | - | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.01m | €0.05m | €0.1m | ▲ 95.8% |
| Non-distributable reserves130/1 | - | - | €0.003m | €0.003m | €0.003m | €0.01m | €0.05m | €0.1m | ▲ 95.8% |
| Legal reserve130 | - | - | €0.003m | €0.003m | €0.003m | €0.01m | €0.05m | €0.1m | ▲ 95.8% |
| Profit (loss) carried forward14 | -€1.6m | -€1.5m | -€1.2m | -€0.9m | -€0.4m | €0.1m | €0.9m | €0 | ▼ 100% |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.001m | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €0.001m | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | €0.001m | - | - | - |
| Amounts payable17/49 | €2.9m | €3.7m | €2.8m | €3.3m | €3.1m | €4.7m | €4.8m | €7.8m | ▲ 62.6% |
| Amounts payable after more than one year17 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Financial debts170/4 | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Other loans174 | - | - | €0.9m | - | - | €0.9m | €0.9m | €0.9m | = |
| Other amounts payable178/9 | - | - | - | €0.003m | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.0m | €2.8m | €1.8m | €2.2m | €1.9m | €3.3m | €2.9m | €5.7m | ▲ 99.6% |
| Trade debts44 | €0.5m | €0.9m | €0.5m | €1.2m | €0.3m | €0.6m | €1.8m | €2.7m | ▲ 46.8% |
| Suppliers440/4 | - | - | €0.5m | €1.2m | €0.3m | €0.6m | €1.8m | €2.7m | ▲ 46.8% |
| Taxes, remuneration and social security45 | - | - | €0.3m | €1.0m | €0.9m | €0.9m | €1.0m | €1.2m | ▲ 17.9% |
| Taxes450/3 | - | - | €0.05m | €0.4m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 15.0% |
| Remuneration and social security454/9 | - | - | €0.3m | €0.6m | €0.5m | €0.7m | €0.7m | €0.8m | ▲ 19.3% |
| Other amounts payable47/48 | - | - | €1.0m | €0.01m | €0.7m | €1.8m | €0.03m | €1.8m | ▲ 65× |
| Accrued charges and deferred income492/3 | - | - | €0.08m | €0.2m | €0.3m | €0.5m | €1.1m | €1.2m | ▲ 15.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | -€1.2m | €0.3m | €0.5m | €0.5m | €0.8m | €1.0m | ▲ 18.2% |
| + Depreciation and write-downs630 | €0.03m | €0.04m | €0.08m | €0.1m | €0.1m | €0.07m | €0.07m | €0.1m | ▲ 47.2% |
| Operating cash flow (approximation) | €0.2m | €0.2m | -€1.1m | €0.4m | €0.6m | €0.6m | €0.9m | €1.1m | ▲ 20.4% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.2m | -€0.1m | -€0.03m | -€0.2m | -€0.1m | -€0.2m | ▼ 28.6% |
| Change in cash | - | - | - | -€0.2m | - | - | - | -€0.04m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,613 companies had the same profile as STRAUMANN has now. Two years later, 97.3% were still going and 0.7% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
97.3%
was still going
2.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of STRAUMANN itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for STRAUMANN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00505886 | |
| 31-12-2024 | full format | 03-06-2025 | 2025-00126122 | |
| 31-12-2023 | full format | 10-07-2024 | 2024-00231155 | |
| 31-12-2022 | abbreviated format | 30-10-2023 | 2023-00500409 | |
| 31-12-2021 | abbreviated format | 06-04-2023 | 2023-00056890 | |
| 31-12-2020 | full format | 24-08-2021 | 2021-55400403 | |
| 31-12-2019 | full format | 29-07-2020 | 2020-36900518 | |
| 31-12-2018 | full format | 31-03-2020 | 2020-08700536 | |
| 31-12-2017 | full format | 19-12-2018 | 2018-75200050 | |
| 31-12-2016 | full format | 08-09-2017 | 2017-60600254 |