STRUCTO
ActiveSummary
STRUCTO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.48M and a net result of €408k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 19% of 286 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+17
Solvency48▲+10
Growth70▼-3
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.98 in 2024; short-term debt: 28.7% and cash: 3% of total assets), but 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
2.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 286 sector peers (2025).
NBB · sector comparisonPosition among 286 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.48M
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
7 d early
2022
14 d early
2021
17 d early
2020
76 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€21.33M▼ 4.3%
2024 · €22.27M
2018: €13.44M
2019: €12.25M▼ -8.8% vs 2018lowest in 8 years
2020: €13.96M▲ +13.9% vs 2019
2021: €16.16M▲ +15.8% vs 2020
2022: €25.06M▲ +55.1% vs 2021highest in 8 years
2023: €23.04M▼ -8.0% vs 2022
2024: €22.27M▼ -3.3% vs 2023
2025: €21.33M▼ -4.3% vs 2024
2018 → 2025
EBIT margin
3.8%▲ 2.4pp
2024 · 1.4%
2018: -2.5%
2019: -6.8%▼ -174% vs 2018lowest in 8 years
2020: -3.9%▲ +43.4% vs 2019
2021: -2.2%▲ +42.0% vs 2020
2022: -1.9%▲ +16.3% vs 2021
2023: 0.8%▲ +141% vs 2022
2024: 1.4%▲ +87.5% vs 2023
2025: 3.8%▲ +168% vs 2024highest in 8 years
2018 → 2025
Net result
€408k
2024 · €-130k
2018: €-403k
2019: €-917k▼ -127% vs 2018lowest in 8 years
2020: €-627k▲ +31.6% vs 2019
2021: €-445k▲ +29.0% vs 2020
2022: €-525k▼ -17.9% vs 2021
2023: €-26k▲ +95.0% vs 2022
2024: €-130k▼ -393% vs 2023
2025: €408k▲ +415% vs 2024highest in 8 years
2018 → 2025
Working capital
€4.35M▼ 29.0%
2024 · €6.13M
2018: €141k
2019: €-762k▼ -638% vs 2018
2020: €-2.47M▼ -224% vs 2019lowest in 8 years
2021: €826k▲ +133% vs 2020
2022: €5.11M▲ +519% vs 2021
2023: €4.62M▼ -9.7% vs 2022
2024: €6.13M▲ +32.7% vs 2023highest in 8 years
2025: €4.35M▼ -29.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.16M-€25.06M▲ 55.1%€23.04M▼ 8.0%€22.27M▼ 3.3%€21.33M▼ 4.3%
2021: €16.16Mlowest in 5 years
2022: €25.06M▲ +55.1% vs 2021highest in 5 years
2023: €23.04M▼ -8.0% vs 2022
2024: €22.27M▼ -3.3% vs 2023
2025: €21.33M▼ -4.3% vs 2024
Equity€3.42M-€2.90M▼ 15.3%€2.87M▼ 0.9%€2.74M▼ 4.5%€4.48M▲ 63.3%
2021: €3.42M
2022: €2.90M▼ -15.3% vs 2021
2023: €2.87M▼ -0.9% vs 2022
2024: €2.74M▼ -4.5% vs 2023lowest in 5 years
2025: €4.48M▲ +63.3% vs 2024highest in 5 years
Operating result€-363k-€-471k▼ 29.9%€176k€319k▲ 81.3%€818k▲ 156%
2021: €-363k
2022: €-471k▼ -29.9% vs 2021lowest in 5 years
2023: €176k▲ +137% vs 2022
2024: €319k▲ +81.3% vs 2023
2025: €818k▲ +156% vs 2024highest in 5 years
Net result€-445k-€-525k▼ 17.9%€-26k▲ 95.0%€-130k▼ 393%€408k
2021: €-445k
2022: €-525k▼ -17.9% vs 2021lowest in 5 years
2023: €-26k▲ +95.0% vs 2022
2024: €-130k▼ -393% vs 2023
2025: €408k▲ +415% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 156% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.74M
Fixed assets
€9.72M ▲ 13.6%
Current assets
€10.02M ▼ 19.0%
Equity and liabilities €19.74M
Equity
€4.48M ▲ 63.3%
Debt
€15.26M ▼ 16.1%
Debt's share of the balance-sheet total falls from 86.9% to 77.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.21M▲
2024 · €2.03M
Cash flow
€2.80M▲
2024 · €1.58M
Current ratio
1.77▼
2024 · 1.98
Quick ratio
0.97▼
2024 · 1.02
Debt to equity
3.40▼
2024 · 6.63
ROE
9.1%▲
2024 · -4.7%
ROA
2.1%▲
2024 · -0.6%
Interest coverage
7.97▲
2024 · 4.71
Debt ≤ 1 year
€5.67M▼
2024 · €6.24M
Debt > 1 year
€9.58M▼
2024 · €11.63M
Income taxes
€1k▼
2024 · €2k
Staff costs
€2.86M▼
2024 · €2.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.81M | €25.53M | €23.88M | €22.20M | €20.35M | ▼ 8.3% |
| Turnover70 | €16.16M | €25.06M | €23.04M | €22.27M | €21.33M | ▼ 4.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €1.59M | €186k | €679k | €-247k | €-1.15M | ▼ 365% |
| Other operating income74 | €65k | €279k | €161k | €169k | €165k | ▼ 2.4% |
| Non-recurring operating income76A | €946 | €8k | €1k | €2k | €14k | ▲ 797% |
| Operating charges60/66A | €18.17M | €26.00M | €23.71M | €21.88M | €19.54M | ▼ 10.7% |
| Goods for resale, raw materials and consumables60 | €10.41M | €16.79M | €13.94M | €12.90M | €11.29M | ▼ 12.5% |
| Purchases600/8 | €10.23M | €17.98M | €13.26M | €13.00M | €10.99M | ▼ 15.5% |
| Change in stocks: decrease (increase)609 | €180k | €-1.19M | €680k | €-99k | €307k | ▲ 412% |
| Services and other goods61 | €3.64M | €4.80M | €5.00M | €4.33M | €2.77M | ▼ 36.1% |
| Remuneration, social security and pensions62 | €2.41M | €2.67M | €2.95M | €2.91M | €2.86M | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.48M | €1.57M | €1.63M | €1.71M | €2.39M | ▲ 39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-95k | €0 | - | - | - | - |
| Other operating charges640/8 | €274k | €159k | €175k | €27k | €225k | ▲ 725% |
| Non-recurring operating charges66A | €65k | €7k | €11k | €0 | - | - |
| Operating profit (loss)9901 | €-363k | €-471k | €176k | €319k | €818k | ▲ 156% |
| Financial income75/76B | €11 | €0 | €0 | - | - | - |
| Recurring financial income75 | €11 | €0 | €0 | - | - | - |
| Other financial income752/9 | €11 | €0 | €0 | - | - | - |
| Financial charges65/66B | €79k | €52k | €201k | €447k | €408k | ▼ 8.6% |
| Recurring financial charges65 | €79k | €52k | €201k | €447k | €408k | ▼ 8.6% |
| Debt charges650 | €78k | €33k | €193k | €430k | €402k | ▼ 6.6% |
| Other financial charges652/9 | €1k | €19k | €8k | €16k | €6k | ▼ 60.5% |
| Profit (loss) for the period before taxes9903 | €-442k | €-523k | €-25k | €-128k | €409k | ▲ 420% |
| Income taxes67/77 | €4k | €1k | €2k | €2k | €1k | ▼ 13.5% |
| Taxes670/3 | €4k | €1k | €2k | €2k | €1k | ▼ 13.5% |
| Profit (loss) for the period9904 | €-445k | €-525k | €-26k | €-130k | €408k | ▲ 415% |
| Transfer from tax-exempt reserves789 | €13k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-432k | €-525k | €-26k | €-130k | €408k | ▲ 415% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.89M | €22.39M | €22.91M | €20.93M | €19.74M | ▼ 5.7% |
| Fixed assets21/28 | €10.50M | €9.81M | €12.00M | €8.56M | €9.72M | ▲ 13.6% |
| Intangible fixed assets21 | €15k | €6k | €3k | €203 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €10.48M | €9.80M | €9.30M | €8.56M | €9.72M | ▲ 13.6% |
| Land and buildings22 | €746k | €706k | €657k | €886k | €3.35M | ▲ 278% |
| Plant, machinery and equipment23 | €9.28M | €8.78M | €8.36M | €7.34M | €5.99M | ▼ 18.3% |
| Furniture and vehicles24 | €419k | €292k | €256k | €315k | €368k | ▲ 16.8% |
| Other tangible fixed assets26 | €36k | €30k | €24k | €19k | €13k | ▼ 29.0% |
| Financial fixed assets28 | - | - | €2.70M | €0 | - | - |
| Affiliated companies280/1 | - | - | €2.70M | €0 | - | - |
| Amounts receivable281 | - | - | €2.70M | €0 | - | - |
| Current assets29/58 | €9.40M | €12.58M | €10.91M | €12.37M | €10.02M | ▼ 19.0% |
| Stocks and contracts in progress3 | €4.78M | €6.16M | €6.15M | €6.01M | €4.55M | ▼ 24.3% |
| Stocks30/36 | €1.33M | €2.51M | €1.83M | €1.93M | €1.62M | ▼ 15.9% |
| Raw materials and consumables30/31 | €1.33M | €2.51M | €1.83M | €1.93M | €1.62M | ▼ 15.9% |
| Contracts in progress37 | €3.46M | €3.64M | €4.32M | €4.07M | €2.92M | ▼ 28.3% |
| Amounts receivable within one year40/41 | €4.27M | €4.63M | €4.33M | €5.57M | €4.88M | ▼ 12.5% |
| Trade receivables40 | €4.27M | €4.59M | €4.32M | €5.57M | €4.88M | ▼ 12.5% |
| Other amounts receivable41 | - | €35k | €11k | €0 | - | - |
| Cash at bank and in hand54/58 | €231k | €1.78M | €404k | €774k | €594k | ▼ 23.2% |
| Deferred charges and accrued income490/1 | €109k | €12k | €16k | €22k | €4k | ▼ 80.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.89M | €22.39M | €22.91M | €20.93M | €19.74M | ▼ 5.7% |
| Equity10/15 | €3.42M | €2.90M | €2.87M | €2.74M | €4.48M | ▲ 63.3% |
| Contributions10/11 | €9.55M | €9.55M | €9.55M | €9.55M | €10.60M | ▲ 11.0% |
| Capital10 | €9.55M | €9.55M | €9.55M | €9.55M | €10.60M | ▲ 11.0% |
| Issued capital100 | €9.55M | €9.55M | €9.55M | €9.55M | €10.60M | ▲ 11.0% |
| Reserves13 | €1.90M | €1.90M | €1.90M | €1.90M | €1.90M | = |
| Non-distributable reserves130/1 | €313k | €313k | €313k | €313k | €313k | = |
| Legal reserve130 | €55k | €55k | €55k | €55k | €55k | = |
| Reserves not available under the articles1311 | €258k | €258k | €258k | €258k | €258k | = |
| Tax-exempt reserves132 | €152k | €152k | €152k | €152k | €152k | = |
| Distributable reserves133 | €1.43M | €1.43M | €1.43M | €1.43M | €1.43M | = |
| Profit (loss) carried forward14 | €-8.02M | €-8.55M | €-8.57M | €-8.70M | €-8.01M | ▲ 7.9% |
| Amounts payable17/49 | €16.47M | €19.49M | €20.04M | €18.18M | €15.26M | ▼ 16.1% |
| Amounts payable after more than one year17 | €7.88M | €12.02M | €13.62M | €11.63M | €9.58M | ▼ 17.6% |
| Financial debts170/4 | €7.88M | €12.02M | €13.62M | €11.63M | €8.23M | ▼ 29.2% |
| Subordinated loans170 | €6.67M | €11.36M | €6.72M | €0 | - | - |
| Credit institutions173 | €1.21M | €663k | €6.01M | €5.40M | €8.23M | ▲ 52.5% |
| Other loans174 | €0 | - | €900k | €6.24M | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €1.35M | - |
| Amounts payable within one year42/48 | €8.57M | €7.46M | €6.29M | €6.24M | €5.67M | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | €550k | €550k | €657k | €607k | €1.19M | ▲ 96.5% |
| Financial debts43 | €200k | €575k | €0 | - | - | - |
| Credit institutions430/8 | €200k | €575k | €0 | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €5.24M | €5.95M | €5.00M | €4.78M | €3.96M | ▼ 17.3% |
| Suppliers440/4 | €5.24M | €5.95M | €5.00M | €4.78M | €3.96M | ▼ 17.3% |
| Taxes, remuneration and social security45 | €480k | €389k | €626k | €849k | €517k | ▼ 39.1% |
| Taxes450/3 | €133k | €107k | €98k | €393k | €154k | ▼ 60.8% |
| Remuneration and social security454/9 | €347k | €282k | €528k | €456k | €363k | ▼ 20.3% |
| Other amounts payable47/48 | €2.10M | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €22k | €5k | €130k | €311k | €8k | ▼ 97.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-445k | €-525k | €-26k | €-130k | €408k | ▲ 415% |
| + Depreciation and write-downs630 | €1.48M | €1.57M | €1.63M | €1.71M | €2.39M | ▲ 39.7% |
| Operating cash flow (approximation) | €1.03M | €1.05M | €1.60M | €1.58M | €2.80M | ▲ 77.0% |
| Investment in fixed assets (approximation) | - | €-882k | €-3.82M | €1.74M | €-3.55M | ▼ 304% |
| Change in cash | - | €1.55M | €-1.38M | €370k | €-180k | ▼ 149% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
Reappointment: BV A&C - BEDRIJFSREVISOR (statutory auditor)Permanent representatives: Bert De Clercq and Rien Vermote · Appointment: BV Hervée (day-to-day manager) · Mandate compensation8 facts ▸
State Gazette act
Reappointment: BV A&C - BEDRIJFSREVISOR (statutory auditor)
Permanent representatives: Bert De Clercq and Rien Vermote · Appointment: BV Hervée (day-to-day manager) · Mandate compensation8 facts ▸
- General meeting, 30-06-2026
- Auditor reappointment, BV A&C - BEDRIJFSREVISOR (statutory auditor)
- Permanent representative, Bert De Clercq
- Mandate compensation, BV A&C - BEDRIJFSREVISOR
- Board meeting, 30-06-2026
- Director appointment, BV Hervée (day-to-day manager)
- Mandate compensation, BV Hervée
- Permanent representative, Rien Vermote
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €408k
Net result €408k after 7 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 76 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-917k
Net result drops to €-917k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €4.50M
Equity rises from €-586k to €4.50M.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
BV Hervée
CurrentDay-to-day manager · since 30-06-2026 · Legal entity · perm. rep.: Rien Vermote
30-06-2026
Appointed as Day-to-day manager
Not every act has been read: a resignation may be missing here
15 of this company's 16 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2000
Ground area
4.8 ha
Building footprint
25 m²
Parcel 31423A0140/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
STRUCTO
since 20002.097.460.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31423A0140/00B000 | Flanders | 4.8 ha | 1 · 25 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| A&C - bedrijfsrevisor BVCurrent Statutory auditor · represented by Bert De Clercq | 30-06-2026 → present |
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,704 EUR awarded · 1,704 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,022 EUR | 1,022 EUR |
| 2024 | 1 | 682 EUR | 682 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
8945002HB2527XUW0D06
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Identification & contact
Identification
Legal formPublic limited company
Founded20-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
Scores and ratios are computed by Checked and are not a credit decision.