Strucabel
ActiveSummary
Strucabel has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €286,605 and a net result of €186,541. Equity has been growing by about 172% per year since 2023. Its solvency ranks better than 83% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-12-2022 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.339.147.773 9130 Beveren-Kruibeke-Zwijndrecht, since 20-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2024
Board and ownership
Board
- VAN DEN BERGHE Stijn Alfons ElzaDirector
Shareholders
- VAN DEN BERGHE Stijn Alfons Elzafounderdeed of 22-12-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €262,650
- ▲ 169%
- Turnover
- ≈ €380,000
- estimated
- Profit
- €186,541
- ▲ 205%
- Equity
- €286,605
- ▲ 186%
- Total assets
- €339,268
- ▲ 106%
Score breakdownlowers riskLiquidity: current ratio 9.01, cash €298,887Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €339,268Equity €286,605 (84.5% of total assets)Show the evidence
Checked score
Score 2025
99
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 90% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
100+14
equity 84.5% of total assets
Liquidity
100+5
short-term debt 9.9% · cash 88.1%
Profitability
100=
return on assets 55.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 9.01 (3.73 in 2024), above the usual 1.5. Short-term debt is 9.9% and cash 88.1% of total assets. 15.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 84% on profitability and 94% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
39 days early
2024
23 days early
2023
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 25 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 3 filings
Turnover
≈ €380,000
Estimated: probably between €310,000 and €660,000
Total assets
€339,268▲ 106%
2024 · €164,768
Net result
€186,541▲ 205%
2024 · €61,192
Working capital
€269,440▲ 232%
2024 · €81,254
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€244,405
▲ 209%
2025
20232025
Net result
€186,541
▲ 205%
2025
highest quarter of the sector
20232025
Equity
€286,605
▲ 186%
2025
highest quarter of the sector
20232025
Total assets
€339,268
▲ 106%
2025
middle half of the sector
20232025
Debt
€52,663
▼ 18.6%
2025
20232025
Working capital
€269,440
▲ 232%
2025
highest quarter of the sector
20232025
Solvency
84.5%
▲ 23.7pp
2025
highest quarter of the sector
20232025
Current ratio
9.01
▲ 5.28
2025
highest quarter of the sector
20232025
Return on assets (ROA)
55.0%
▲ 17.8pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€46,261-€79,032▲ 70.8%€244,405▲ 209%
Net result€35,273within the sector's middle half-€61,192within the sector's middle half▲ 73.5%€186,541above the sector's middle half▲ 205%
Equity€38,873within the sector's middle half-€100,064within the sector's middle half▲ 157%€286,605above the sector's middle half▲ 186%
Total assets€118,728within the sector's middle half-€164,768within the sector's middle half▲ 38.8%€339,268within the sector's middle half▲ 106%
Debt€79,855-€64,704▼ 19.0%€52,663▼ 18.6%
Working capital€15,729within the sector's middle half-€81,254within the sector's middle half▲ 417%€269,440above the sector's middle half▲ 232%
Solvency32.7%within the sector's middle half-60.7%within the sector's middle half▲ 28.0pp84.5%above the sector's middle half▲ 23.7pp
Current ratio1.49within the sector's middle half-3.73within the sector's middle half▲ 2.239.01above the sector's middle half▲ 5.28
Return on assets (ROA)29.7%within the sector's middle half-37.1%above the sector's middle half▲ 7.4pp55.0%above the sector's middle half▲ 17.8pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 3.1 times that of 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339,268
Fixed assets
€36,191 ▼ 32.6%
Current assets
€303,076 ▲ 173%
Equity and liabilities €339,268
Equity
€286,605 ▲ 186%
Debt
€52,663 ▼ 18.6%
Debt's share of the balance-sheet total falls from 39.3% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€261,919▲
2024 · €96,547
Cash flow
€204,055▲
2024 · €78,706
Debt to equity
0.18▼
2024 · 0.65
ROE
65.1%▲
2024 · 61.2%
Interest coverage
over 100▲
2024 · 54.58
Debt ≤ 1 year
€33,637▲
2024 · €29,808
Debt > 1 year
€19,026▼
2024 · €33,741
Income taxes
€56,517▲
2024 · €16,072
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €87,572 | - | - |
| Depreciation and write-downs of the year | €16,352 | €17,514 | €17,514 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,352 | €17,514 | €17,514 | = |
| Other operating charges640/8 | €881 | €1,076 | €731 | ▼ 32.1% |
| Gross operating margin9900 | €63,494 | €97,623 | €262,650 | ▲ 169% |
| Operating profit (loss)9901 | €46,261 | €79,032 | €244,405 | ▲ 209% |
| Financial charges65/66B | €1,858 | €1,769 | €1,348 | ▼ 23.8% |
| Recurring financial charges65 | €1,858 | €1,769 | €1,348 | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | €44,403 | €77,263 | €243,057 | ▲ 215% |
| Income taxes67/77 | €9,130 | €16,072 | €56,517 | ▲ 252% |
| Profit (loss) for the period9904 | €35,273 | €61,192 | €186,541 | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €35,273 | €61,192 | €186,541 | ▲ 205% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €118,728 | €164,768 | €339,268 | ▲ 106% |
| Fixed assets21/28 | €71,220 | €53,706 | €36,191 | ▼ 32.6% |
| Tangible fixed assets22/27 | €71,220 | €53,706 | €36,191 | ▼ 32.6% |
| Furniture and vehicles24 | €71,220 | €53,706 | €36,191 | ▼ 32.6% |
| Current assets29/58 | €47,508 | €111,063 | €303,076 | ▲ 173% |
| Cash at bank and in hand54/58 | €45,585 | €107,376 | €298,887 | ▲ 178% |
| Deferred charges and accrued income490/1 | €1,922 | €3,687 | €4,190 | ▲ 13.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €118,728 | €164,768 | €339,268 | ▲ 106% |
| Equity10/15 | €38,873 | €100,064 | €286,605 | ▲ 186% |
| Contributions10/11 | €3,600 | €3,600 | €3,600 | = |
| Reserves13 | €35,273 | €96,464 | €283,005 | ▲ 193% |
| Distributable reserves133 | €35,273 | €96,464 | €283,005 | ▲ 193% |
| Amounts payable17/49 | €79,855 | €64,704 | €52,663 | ▼ 18.6% |
| Amounts payable after more than one year17 | €48,020 | €33,741 | €19,026 | ▼ 43.6% |
| Financial debts170/4 | €48,020 | €33,741 | €19,026 | ▼ 43.6% |
| Amounts payable within one year42/48 | €31,779 | €29,808 | €33,637 | ▲ 12.8% |
| Current portion of amounts payable after more than one year42 | €13,857 | €14,279 | €14,715 | ▲ 3.1% |
| Trade debts44 | €3,830 | €2,246 | €1,894 | ▼ 15.7% |
| Suppliers440/4 | €3,830 | €2,246 | €1,894 | ▼ 15.7% |
| Taxes, remuneration and social security45 | €12,552 | €13,233 | €16,147 | ▲ 22.0% |
| Taxes450/3 | €12,552 | €13,233 | €16,147 | ▲ 22.0% |
| Other amounts payable47/48 | €1,540 | €50 | €881 | ▲ 18× |
| Accrued charges and deferred income492/3 | €56 | €1,155 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,273 | €61,192 | €186,541 | ▲ 205% |
| + Depreciation and write-downs630 | €16,352 | €17,514 | €17,514 | = |
| Operating cash flow (approximation) | €51,624 | €78,706 | €204,055 | ▲ 159% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €61,791 | €191,511 | ▲ 210% |
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, 39,278 companies had the same profile as Strucabel has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Strucabel itself is lower: < 0.1% within 12 months. It rests on far more data about Strucabel than the profile alone.
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 39,278 companies, not a prediction for Strucabel. 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.
Board & ownership
Directors
Directors
1 director, since incorporation
VAN DEN BERGHE Stijn Alfons Elza
Current
Director (not named in the articles) · appointed by deed of 22-12-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 22-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 22-12-2022Owners and capital
Shareholders
At incorporation
deed of 22-12-2022 ↗
- VAN DEN BERGHE Stijn Alfons Elza sole founder · 100% at incorporation
Capital transactions
Capital over time
- 22-12-2022 Incorporation · €3,600
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 22-12-2022 (in Dutch)
Network & group
Strucabel shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Strucabel. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-06
micro format · 39 days before the deadline
2025
31-12
Financial
Highest result from 2023 to 2025net €186,541 ▲205%
The operating result of €244,405 and the net result of €186,541 are both a record.
31-12
Financial
Liquidity more than doubledcurrent ratio 9.01
The current ratio rises from 3.73 to 9.01.
31-12
Financial
Equity above €200,000equity €286,605 ▲186%
With a profit in every financial year since 2023, equity grows to €286,605.
08-07
micro format · 23 days before the deadline
2024
31-12
Financial
Liquidity more than doubledcurrent ratio 3.73
The current ratio rises from 1.49 to 3.73. Short-term debt falls from €31,779 to €29,808.
31-12
Financial
Equity above €100,000equity €100,064 ▲157%
With a profit in every financial year since 2023, equity grows to €100,064.
17-07
micro format · 14 days before the deadline
2022
22-12
Gazette deed
IncorporationFounding capital of €3,600 · Founder: VAN DEN BERGHE Stijn Alfons Elza · Appointment: VAN DEN BERGHE Stijn Alfons Elza (director)6 points ▸
Gazette deed
Incorporation
Founding capital of €3,600 · Founder: VAN DEN BERGHE Stijn Alfons Elza · Appointment: VAN DEN BERGHE Stijn Alfons Elza (director)6 points ▸
- Incorporation, 19-12-2022
- Founder, VAN DEN BERGHE Stijn Alfons Elza
- Founding capital, €3,600
- Share issue, €120
- Director appointment, VAN DEN BERGHE Stijn Alfons Elza (director (not named in the articles))
- Registered office clause, Ruiterstraat 40, 9130 Verrebroek, gemeente Beveren
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Strucabel in Dutch
Enterprise number
0795.108.307
Legal form
Private limited company
Status
Active, normal situation
Founded
20-12-2022
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 22-12-2022 (in Dutch)Registered office and establishments
Registered office
Ruiterstraat 40, 9130 Beveren-Kruibeke-Zwijndrecht, Belgium
Establishment unit
Strucabel, Ruiterstraat 40, 9130 Beveren-Kruibeke-Zwijndrecht since 20-12-2022 · unit number 2.339.147.773
Activities
NACEBEL 202570200
Business and other management consultancy main activity
71121
Engineering and related technical consultancy, excluding land surveyors
82990
Other business support services
Codes under NACEBEL 2008
70220
Business consulting main activity
71121
Engineering activities
82990
Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 22-12-2022 (in Dutch)
“De activiteiten van adviseur op administratief,juridisch,financieel,wetenschappelijk en technisch vlak: omvattend onder meer…”
14 activities
- De activiteiten van adviseur op administratief,juridisch,financieel,wetenschappelijk en technisch vlak: omvattend onder meer: milieuadviseur,veiligheidsadviseur,adviseur omtrent ruimtelijk ordening en stedenbouw,preventieadviseur,en algemene begeleiding van bouwprojecten en verkavelingen;
- Landmeetkundige activiteiten zoals het afpalen van terreinen,topografische opmetingen,uitzetten van bouwwerken en zo meer zonder de activiteiten te bedoelen waarvoor de titel landmeter-expert zoals bedoeld in de wet van 11 mei 2003 tot bescherming van de titel en van het beroep van landmeter-expert is vereist;
- Dienstverlening inzake werfvoorbereiding,(na)calculatie,werfondersteuning,,en projectleiding;
- De ontwikkeling van residentiële en niet-residentiële bouwprojecten;
- Het verlenen van alle technische adviezen,het publiceren van documenten en het inrichten van lezingen en tentoonstellingen met betrekking tot alle voornoemde activiteiten;
- Het organiseren,of deelnemen aan de organisatie,van seminaries,cursussen,trainingen,opleidingen,stages,enzovoort,met inbegrip van het (doen) schrijven en (doen) uitgeven van handboeken,werkboeken,opleidingsnota’s,opleidingscursussen,schema’s,lessenpakketten,op alle mogelijke informatiedragers,alles in de ruimst mogelijke betekenis.
- Consultancy,opleiding,technische expertise en bijstand op voornoemd(e) gebied(en);
- Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die op dit (die) domein(en) actief zijn,de vertegenwoordiging en het optreden als commercieel tussenpersoon.
- Ontwerpen en voeren van reclame- en promotiecampagnes voor derden via de verschillende media
- Het aanleggen en oordeelkundig uitbreiden van haar roerend en onroerend patrimonium,het beleggen of weder beleggen van alle beschikbare middelen,zowel in roerende als onroerende goederen,onder welke vorm ook,onder andere door het participeren door middel van fusie,inschrijving,deelname of verkrijging van financiële instrumenten in alle bestaande of nog op te richten Belgische of buitenlandse vennootschappen,en het beheer van deze roerende en onroerende waarden.
- Zij mag alle roerende en onroerende goederen verwerven zelfs als deze noch rechtstreeks,noch onrechtstreeks verband houden met de bedrijfsactiviteiten van de vennootschap.
- Zij kan alle facetten van koop en verkoop,huur,leasing,bouw,verbouwing,restauratie,onderhoud en afbraak verrichten en alle handelingen die noodzakelijk zijn tot optimaliseren van het onroerend patrimonium in bezit,in huur of in leasing.
- Het verlenen van bijstand,advies en leiding aan bedrijven,privépersonen,overheden en andere instellingen,voornamelijk doch niet uitsluitend op het vlak van management,algemeen beheer,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis.
- De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuurdersfuncties waarnemen of laten waarnemen en diensten verlenen die rechtstreeks of onrechtstreeks verband houden met de voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt. Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar zaakvoerder of elke andere derde vertegenwoordiger,die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
Invoicing and payment
VAT number
BE 0795.108.307
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Wednesday of June at 18:00
deed of 22-12-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,331 m²
Building footprint
249 m²
Building volume
724 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46027C0352/00C000 | Flanders | 1,331 m² | 1 · 249 m² | 4.8 m · 1 |