Active BE 0429.928.348Private limited company

STRUBBE

Damse Vaart-Zuid 3 ·8340 Damme, Belgium· 39 yrs active

Sector: Retail sale of beverages, general range (47252)

Conclusion Checked

STRUBBE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-23k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 17540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€38k
Net result	€-23k
Staff (FTE)	1
Better than sector	94%

Financial profile 5 of 5 axes measured · computed by Checked

61 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 52

Profitability 0

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1986, 39 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Checked score FY 2025 · computed

52 / 100 Fair

050100

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.

Indicative credit limit

€2k

estimate, not credit advice

Score history

43 2021

100 2022

45 2023

100 2024

52 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 10.33 (≥ 1.5) +10

Quick ratio Quick ratio 10.33 (≥ 1.0) +5

Leverage Debt/equity 0.10 (< 1.0) +10

Profitability Negatieve ROE -60% -10

Interest coverage Interest coverage -370.2× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview39 NBB filings

Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~5.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	90.5%	34.6%	better than 94% of 17540 sector peers
Net result	€-23k	€5k	better than 10% of 17521 sector peers
Equity	€38k	€44k	better than 47% of 17568 sector peers
Gross operating margin	€3k	€34k	better than 21% of 17485 sector peers
Staff costs	€22k	€40k	higher than 34% of 7934 sector peers

EBITDA

€-22k

- 21-25

Net profit

€-23k

- 21-25

Cash flow

€-22k

- 21-25

Total assets

€42k

-35.1% 21-25

Equity

€38k

-37.3% 21-25

Working capital

€37k

-37.7% 21-25

Employees (FTE)

1

-9.1% 21-25

Staff costs

€22k

-21.9% 21-25

Income taxes

€202

+54.6% 21-25

Debt

€4k

-1.3% 21-25

Debt ≤ 1y

€4k

-1.3% 21-25

Current ratio

10.33

-34.5% 21-25

Quick ratio

10.33

-34.5% 21-25

Solvency

90.5%

-3.5% 21-25

Debt / equity

0.10

+57.5% 21-25

ROE

-59.6%

- 21-25

ROA

-54.0%

- 21-25

Interest coverage

-370.21

- 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	-	-	-	-	-
Net profit	-	-	-	-	-
Cash flow	-	-	-	-	-
Staff costs	-21.9%	-42.1%	+1.8%	-5.7%	-
Income taxes	+54.6%	+1.1%	+6.0%	+7.2%	-
Dividends	-	-	-	-	-
Total assets	-35.1%	-27.8%	-10.4%	+22.2%	-
Equity	-37.3%	+35.7%	-16.1%	+62.6%	-
Debt	-1.3%	-91.0%	-4.0%	-4.7%	-
of which ≤ 1y	-1.3%	-91.0%	-4.0%	-4.7%	-
of which > 1y	-	-	-	-	-
Working capital	-37.7%	+40.0%	-15.6%	+73.6%	-
Employees (FTE)	-9.1%	-26.7%	0.0%	-16.7%	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	10.33	15.78	1.95	2.08	1.59
Quick ratio	10.33	15.78	1.04	1.20	0.90
Working capital ratio	88.3%	92.0%	47.4%	50.3%	35.4%
Solvency	90.5%	93.8%	49.9%	53.3%	40.0%
Debt / equity	0.10	0.07	1.00	0.88	1.50
Long-term debt ratio	-	-	-	-	-
Interest coverage	-370.21	137.45	-31.12	70.06	-11.25
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-54.0%	24.7%	-9.6%	20.5%	-4.6%
ROE	-59.6%	26.3%	-19.2%	38.5%	-11.5%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €950 · 2.3% Current assets €41k · 97.7%

Equity & liabilities

Equity €38k · 90.5% Debt €4k · 9.5%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€42k	€64k	€89k	€99k	€81k
Fixed assets	21/28	€950	€1k	€2k	€3k	€4k
Tangible fixed assets	22/27	€527	€749	€1k	€2k	€3k
Financial fixed assets	28	€423	€423	€983	€983	€983
Current assets	29/58	€41k	€63k	€87k	€96k	€78k
Stocks & contracts in progress	3	-	-	€40k	€41k	€34k
Amounts receivable within one year	40/41	€15k	€8k	€30k	€33k	€31k
Cash & bank	54/58	€24k	€54k	€14k	€18k	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€42k	€64k	€89k	€99k	€81k
Equity	10/15	€38k	€60k	€44k	€53k	€33k
Contributions / capital	10/11	€20k	€20k	€20k	€20k	€20k
Reserves	13	€41k	€41k	€41k	€41k	€41k
Accumulated profits (losses)	14	€-23k	€-84	€-16k	€-7k	€-28k
Amounts payable	17/49	€4k	€4k	€45k	€46k	€49k
Amounts payable within one year	42/48	€4k	€4k	€45k	€46k	€49k
Trade debts payable within one year	44	€2k	€2k	€40k	€41k	€34k
Income statement
Gross operating margin	9900	€3k	€46k	€43k	€74k	€50k
Operating result	9901	€-22k	€16k	€-8k	€21k	€-3k
Financial income	75	€236	€98	€148	€58	€8
Financial charges	65	€60	€120	€244	€308	€205
Result before taxes	9903	€-22k	€16k	€-8k	€21k	€-4k
Income taxes	67/77	€202	€131	€129	€122	€114
Net result for the period	9904	€-23k	€16k	€-9k	€20k	€-4k
Result to be appropriated	9905	€-23k	€16k	€-9k	€20k	€-4k

Directors & mandates 1 directors

Current directors & mandates

Strubbe Rik
Director
State Gazette act 24360404 (14-02-2024)

Current
14-02-2024 → present
2 events
- 14-02-2024 Resigned· Director
- 14-02-2024 Appointed· Director

Legal Structure

NACE primary	Retail sale of beverages, general range(47252)
Legal form	Private limited company(610)
Incorporation	12-12-1986
Status	Active
Postal code	8340

Establishment units 1 location

BVBA STRUBBE

Damse Vaart-Zuid 3, 8340 DammeBusiness consulting

since 19862.031.203.061

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31006C0037/02D000 ProtectedTownscape or village viewStadskern DammeSource ↗	Flanders	303 m²	1 · 224 m²	8.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 12 events

All 16Financial 4Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-23k ▼242%

Net result drops to €-23k, the lowest in the series.

04-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 4 days late

2024

31-12

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

31-12

Financial Liquidity times 8current ratio 15.78

Current ratio from 1.95 to 15.78; short-term debt falls from €45k to €4k.

14-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 14 days late

08-07

State Gazette act Statutes amendment

v3.2

14-02

State Gazette act Director changes

v3.2

2023

12-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 73 days late

2022

31-12

Financial Back to profitnet €20k

Net result €20k after one loss-making year.

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 122 days late

2021

27-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 88 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

2018

18-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

08-11

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 100 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2024

08-07-2024 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

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14-02-2024 1 director appointed, 1 resigning Director changes

Strubbe Rik, Bestuurder
Strubbe Rik, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale of beverages, general range46349Retail sale of beverages, general range4725251340Logistics services52250Retail sale of solid, liquid and gaseous fuels, excluding motor fuels4778152481

Names & trade names

Legal nameNL

STRUBBE

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