Result
€408,047 €408,047
Back in profit in 2025, after a loss of €129,634 in 2024.
STRUCTO
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €25.1m (2022)
€21.3m▼ 4.3%
lowest -€1.3m (2017)
€408,047▲ €537,681
peak €4.5m (2019)
€4.5m▲ 63.3%
€15.3m▼ 16.1%
peak 51.4 FTE (2006)
41.2 FTE▼ 7.0%
Board14 names since 2019all names
8 directorsSem Martin Christian Naessens and 7 others
Owners4 names in the annual accounts
100%WILLY NAESSENS CONCRETE and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
Key points
from the 2025 annual accountsDebts
€15.3m 77% of the balance sheet
Financial debts 54%Suppliers 26%Taxes and wages 3%Other 17%
€9.4m of the debts are secured on the company's own assets.
Investments
€447,397 0.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 277.6% higher than in 2024.
Staff
43 employees on 31-12-2025
In 2025, 4 people joined and 5 left. On top of that, 3.8 agency workers worked there on average.
Restructuring
2025
Merger with Cyanos. Merger on 26-08-2025.
Position in the sector
22.7%
Lower solvency than 80% of companies in non-metallic mineral products. Sector median 46.3% · 366 companies.
Equity +63%: merger
Checked score
87
Excellent
Financially stronger than 49% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.77, cash €594,306
Size: turnover €21.3m, 41.2 FTE, total assets €19.7m
Equity €4.5m (22.7% of total assets)
lowers risk
Sector: Manufacture of other non-metallic mineral products (NACE 23)
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 23, small). It does better than 20% of them on solvency, 45% on liquidity, 63% on profitability and 67% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as STRUCTO has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of STRUCTO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,685 companies, not a prediction for STRUCTO. 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.
Credit verdict
Credit of up to €380,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.77 (1.98 in 2024), above the usual 1.5. Short-term debt is 28.7% and cash 3% of total assets. However, 77.3% of the assets are financed with debt and provisions.
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
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 366 sector peers (2025).
NBB · sector comparisonPosition among 366 sector peers
Solvency
better than 20%
← 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 €4.5m
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 days early
2024
31 days early
2023
7 days early
2022
14 days early
2021
17 days early
2020
76 days late
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% 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 15 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BH
BV Hervée
Daily manager, Rien Vermote
I
INGELBEEN
Director, Dennis Ingelbeen, since 22-05-2025
- WILLY NAESSENS CONCRETE 100%equity €82.4m (2025) · 2025 annual accounts of WILLY NAESSENS CONCRETE
Recent changes
1 director appointed, 1 statutory auditor reappointed
Reappointment: BV A&C - BEDRIJFSREVISOR (statutory auditor) · Permanent representatives: Bert De Clercq and Rien Vermote · Appointment: BV Hervée (day-to-day manager) · General meeting of 30-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472154824
Merger: STRUCTO takes over Cyanos
Capital increase of €1,050,000 to €10,597,000 · Capital from €9,547,000 to €10,597,000 · General meeting of 31-07-2025 · Gazette deed
1 director appointed, 1 resignation, 4 reappointments
Resignation: KOUTERMOLEN (director) · Appointment: Ingelbeen (director) · Permanent representatives: Dennis Ingelbeen and Dirk Deroose · General meeting of 22-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STRUCTO Bruges | €21.3m | 3.8% | 22.7% | 41.2 |
| VAN DE VELDE BETON Opwijk | €20.0m | 7.4% | 42.9% | 48.9 |
| WINDMOLDERS BETON Herk-de-Stad | €19.0m | 14.9% | 91.5% | 48 |
| ALKERN VOR BETON Roeselare | €24.3m | 10.2% | 80.3% | 72 |
| BETONFABRIEK DE BONTE EN VAN HECKE Waasmunster | €25.1m | 5.3% | 30.2% | 60.3 |
| E.B.R. (EBEMA BETON RIJKEVORSEL) Rijkevorsel | €20.6m | 3.0% | 49.1% | 58.7 |
| STONE Zulte | €23.4m | -7.1% | 1.0% | 44 |
Grey: the largest companies of the sector (non-metallic mineral products (NACE 23)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as STRUCTO: manufacture of other non-metallic mineral products (NACE 23610). They are comparable in size and age: total assets between €8.8m and €24m, founded between 1989 and 2001.
Official details
Source: KBO- Status
- Active since 20-06-2000Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23610
- Establishment unit
- 2.097.460.8908000 Bruges, since 20-07-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €19.7m▼ 5.7%
- Employeeson 31-12-2025
- 43▼ 2.3%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Companies linked to STRUCTO
Parent and group
Insights on STRUCTO
STRUCTO has existed since 2000. Turnover fell from €12.2m in 2011 to €2.4m in 2013 and staff from 42 to 31.1 full-time equivalents.
Turnover has fallen every year since 2022. Solvency rose in 2025 from 13.1% to 22.7% because of the retained profit and a capital increase and lower debts.
WILLY NAESSENS CONCRETE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STRUCTO
- What is the company number of STRUCTO?
- The company number of STRUCTO is 0472.154.824. The VAT number is the same number with BE in front: BE 0472.154.824.
- Where is STRUCTO based?
- The registered office is at Steenkaai 107, 8000 Bruges.Company details
- What does STRUCTO do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23610).
- What is the legal form of STRUCTO?
- STRUCTO is a public limited company (NV).
- When was STRUCTO founded?
- STRUCTO was founded on 20-06-2000.
- Is STRUCTO still active?
- Yes, STRUCTO is an active enterprise in the KBO register.
- How many employees does STRUCTO have?
- STRUCTO had an average of 41.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of STRUCTO?
- The turnover of STRUCTO was €21.3m in financial year 2025, according to the filed annual accounts.
- Is STRUCTO profitable?
- In financial year 2025, STRUCTO made a profit of €408,047.
- Where can I find the annual accounts of STRUCTO?
- STRUCTO filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STRUCTO due?
- STRUCTO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.