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STRIMMO

Active
Public limited companyfounded 1986active for 40 yearsKortrijksesteenweg 821, 9000 Gent, BelgiumKBO/BCE: BE 0429.038.522
Summary

STRIMMO has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.9m and a net result of -€77,843. Equity is growing by about 7% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2024, abbreviated format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 27 October 2026.

Equity
€6.9m▼ 2.6%
2022 · €7.1m
Total assets
€8.2m▼ 2.6%
2022 · €8.4m
Net result
-€77,843
2022 · €2.5m
Working capital
€3.0m▼ 3.1%
2022 · €3.1m
Trend over the years

2019 to 2024, 5 financial years 2018 to 2024, 6 financial years

The operating result is -€54,018 in 2024, compared with €3.3m in 2022. Comparable figures for the intervening years are unavailable.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.05m 2024 Net result-€0.08m 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222024
Operating result€0.1m-€0.1m▼ 17.4%€0.1m▲ 40.2%-€0.04m€3.3m-€0.05m-
Net result€0.08m-€0.06m▼ 27.4%€0.08m▲ 38.0%-€0.08m€2.5m-€0.08m-
Equity€4.6m-€4.7m▲ 1.3%€4.7m▲ 1.7%€4.7m▼ 1.8%€7.1m▲ 52.6%€6.9m-
Total assets€5.9m-€5.8m▼ 0.6%€5.8m▼ 0.5%€5.7m▼ 2.1%€8.4m▲ 48.3%€8.2m-
Debt€1.3m-€1.2m▼ 7.5%€1.1m▼ 9.3%€1.0m▼ 3.6%€0.4m▼ 56.6%€0.4m-
Working capital-€0.5m--€0.4m▲ 17.6%-€0.3m▲ 33.6%-€0.3m▼ 18.6%€3.1m€3.0m-
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €8.2m
Fixed assets €5.1m ▼ 1.8%
Current assets €3.1m ▼ 3.9%
Equity and liabilities €8.2m
Equity €6.9m ▼ 2.6%
Provisions €866,454 ▼ 0.1%
Debt €410,832 ▼ 6.6%
Debt's share of the balance-sheet total falls from 5.2% to 5.0%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2022
EBITDA
€53,702▼
2022 · €3.4m
Cash flow
€29,876▼
2022 · €2.5m
Current ratio
61.54▲
2022 · 41.77
Debt to equity
0.06▼
2022 · 0.06
ROE
-1.1%▼
2022 · 34.5%
ROA
-0.9%▼
2022 · 29.1%
Interest coverage
2.21▼
2022 · over 100
Debt ≤ 1 year
€49,867▼
2022 · €76,413
Debt > 1 year
€360,000=
2022 · €360,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 830 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.5% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
2.9% stopped otherwise
96.5% still going

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 830 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 54 lines
Balance sheet Code20222024
Assets
Total assets20/58€8.4m€8.2m▼
Fixed assets21/28€5.2m€5.1m▼
Tangible fixed assets22/27€5.2m€5.1m▼
Land and buildings22€4.3m€4.1m▼
Furniture and vehicles24€0.002m€0.06m▲
Other tangible fixed assets26€0.9m€0.9m=
Financial fixed assets28€69€69=
Current assets29/58€3.2m€3.1m▼
Amounts receivable within one year40/41€0.07m€0.07m▲
Trade receivables40€0.06m€0.06m▲
Other amounts receivable41€0.002m€0.002m=
Current investments50/53-€2.0m
Cash at bank and in hand54/58€3.0m€0.9m▼
Deferred charges and accrued income490/1€0.1m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€8.4m€8.2m▼
Equity10/15€7.1m€6.9m▼
Contributions10/11€3.9m€3.9m=
Capital10€3.9m€3.9m=
Issued capital100€3.9m€3.9m=
Reserves13€2.8m€2.8m▼
Non-distributable reserves130/1€0.2m€0.2m=
Legal reserve130€0.2m€0.2m=
Tax-exempt reserves132€2.6m€2.6m▼
Profit (loss) carried forward14€0.5m€0.3m▼
Provisions and deferred taxes16€0.9m€0.9m▼
Deferred taxes168€0.9m€0.9m▼
Amounts payable17/49€0.4m€0.4m▼
Amounts payable after more than one year17€0.4m€0.4m=
Financial debts170/4€0.4m€0.4m=
Amounts payable within one year42/48€0.08m€0.05m▼
Trade debts44€0.03m€0.001m▼
Suppliers440/4€0.03m€0.001m▼
Taxes, remuneration and social security45€0.01m€0.01m▲
Taxes450/3€0.01m€0.01m▲
Other amounts payable47/48€0.04m€0.03m▼
Accrued charges and deferred income492/3€0.004m€0.001m▼
Income statement Code20222024
Non-recurring operating income76A€3.5m€0.005m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.1m▲
Other operating charges640/8€0.06m€0.08m▲
Gross operating margin9900€3.5m€0.1m▼
Operating profit (loss)9901€3.3m-€0.05m▼
Financial income75/76B€129€191▲
Recurring financial income75€129€191▲
Financial charges65/66B€0.03m€0.02m▼
Recurring financial charges65€0.03m€0.02m▼
Profit (loss) for the period before taxes9903€3.3m-€0.08m▼
Transfer from deferred taxes780€0.001m€318▼
Transfer to deferred taxes680€0.9m-
Profit (loss) for the period9904€2.5m-€0.08m▼
Transfer from tax-exempt reserves789€0.008m€0.005m▼
Transfer to tax-exempt reserves689€2.6m-
Profit (loss) for the period to be appropriated9905-€0.1m-€0.07m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.3m▼
Profit (loss) brought forward from the previous period14P€0.6m€0.4m▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222024Change
Non-recurring operating income76A----€3.5m€0.005m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m€0.1m€0.1m€0.09m€0.1m-
Other operating charges640/8---€0.1m€0.06m€0.08m-
Gross operating margin9900€0.3m€0.3m€0.3m€0.2m€3.5m€0.1m-
Operating profit (loss)9901€0.1m€0.1m€0.1m-€0.04m€3.3m-€0.05m-
Financial income75/76B---€244€129€191-
Recurring financial income75€163-€0€244€129€191-
Financial charges65/66B---€0.04m€0.03m€0.02m-
Recurring financial charges65€0.04m€0.04m€0.04m€0.04m€0.03m€0.02m-
Profit (loss) for the period before taxes9903€0.08m€0.06m€0.1m-€0.09m€3.3m-€0.08m-
Transfer from deferred taxes780---€0.001m€0.001m€318-
Transfer to deferred taxes680----€0.9m--
Income taxes67/77-€0.003m€0.02m----
Profit (loss) for the period9904€0.08m€0.06m€0.08m-€0.08m€2.5m-€0.08m-
Transfer from tax-exempt reserves789---€0.008m€0.008m€0.005m-
Transfer to tax-exempt reserves689----€2.6m--
Profit (loss) for the period to be appropriated9905€0.08m€0.06m€0.09m-€0.08m-€0.1m-€0.07m-
Line201820192020202120222024Change
Assets
Total assets20/58€5.9m€5.8m€5.8m€5.7m€8.4m€8.2m-
Fixed assets21/28€5.6m€5.6m€5.5m€5.5m€5.2m€5.1m-
Tangible fixed assets22/27€5.6m€5.6m€5.5m€5.5m€5.2m€5.1m-
Land and buildings22---€4.5m€4.3m€4.1m-
Furniture and vehicles24----€0.002m€0.06m-
Other tangible fixed assets26---€0.9m€0.9m€0.9m-
Financial fixed assets28€69€69€69€69€69€69-
Current assets29/58€0.2m€0.2m€0.3m€0.2m€3.2m€3.1m-
Amounts receivable within one year40/41€0.03m€0.05m€0.07m€0.07m€0.07m€0.07m-
Trade receivables40---€0.07m€0.06m€0.06m-
Other amounts receivable41---€0.002m€0.002m€0.002m-
Current investments50/53-----€2.0m-
Cash at bank and in hand54/58€0.04m€0.04m€0.1m€0.03m€3.0m€0.9m-
Deferred charges and accrued income490/1---€0.1m€0.1m€0.1m-
Equity and liabilities
Total equity and liabilities10/49€5.9m€5.8m€5.8m€5.7m€8.4m€8.2m-
Equity10/15€4.6m€4.7m€4.7m€4.7m€7.1m€6.9m-
Contributions10/11€3.9m€3.9m€3.9m€3.9m€3.9m€3.9m-
Capital10---€3.9m€3.9m€3.9m-
Issued capital100---€3.9m€3.9m€3.9m-
Reserves13€0.1m€0.2m€0.2m€0.2m€2.8m€2.8m-
Non-distributable reserves130/1---€0.2m€0.2m€0.2m-
Legal reserve130---€0.2m€0.2m€0.2m-
Tax-exempt reserves132---€0.02m€2.6m€2.6m-
Profit (loss) carried forward14€0.6m€0.6m€0.7m€0.6m€0.5m€0.3m-
Provisions and deferred taxes16€0.006m€0.005m€0.005m€0.004m€0.9m€0.9m-
Deferred taxes168---€0.004m€0.9m€0.9m-
Amounts payable17/49€1.3m€1.2m€1.1m€1.0m€0.4m€0.4m-
Amounts payable after more than one year17€0.5m€0.5m€0.4m€0.4m€0.4m€0.4m-
Financial debts170/4---€0.4m€0.4m€0.4m-
Amounts payable within one year42/48€0.8m€0.7m€0.6m€0.6m€0.08m€0.05m-
Financial debts43---€0.5m---
Credit institutions430/8---€0.5m---
Trade debts44€0.02m€0.02m€0.02m€91€0.03m€0.001m-
Suppliers440/4---€91€0.03m€0.001m-
Taxes, remuneration and social security45---€0.03m€0.01m€0.01m-
Taxes450/3---€0.03m€0.01m€0.01m-
Other amounts payable47/48---€0.04m€0.04m€0.03m-
Accrued charges and deferred income492/3---€0.003m€0.004m€0.001m-
Line201820192020202120222024Change
Profit (loss) for the period9904€0.08m€0.06m€0.08m-€0.08m€2.5m-€0.08m-
+ Depreciation and write-downs630€0.1m€0.1m€0.1m€0.1m€0.09m€0.1m-
Operating cash flow (approximation)€0.2m€0.2m€0.2m€0.03m€2.5m€0.03m-
Investment in fixed assets (approximation)--€0.09m€0-€0.08m€0.1m--
Change in cash--€0.002m€0.09m-€0.1m€3.0m--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 abbreviated format 26-11-2025 2025-00570906
31-12-2022 abbreviated format 31-10-2023 2023-00499020
31-12-2021 abbreviated format 31-10-2022 2022-20478357
31-12-2020 abbreviated format 08-12-2021 2021-79600128
31-12-2019 abbreviated format 31-12-2020 2020-77700244
31-12-2018 abbreviated format 09-12-2019 2019-75500254
31-12-2017 abbreviated format 18-11-2018 2018-72500260
31-12-2016 abbreviated format 28-09-2017 2017-63000573
31-12-2015 abbreviated format 30-08-2016 2016-49700297
31-12-2014 abbreviated format 25-09-2015 2015-59700399

Show all 36 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.