STRUCTURAX
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of STRUCTURAX is 4.2% (elevated). The 2025 annual accounts show negative equity (-€16,363) and a net result of -€1,885. Equity has been shrinking by about 29% per year since 2020. The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 06-06-2019 Normal situation
- Registered office
- 16 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.290.676.477 8860 Lendelede, since 06-06-2019
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.2%
- Gross margin
- -€793
- ▼ 720%
- Loss
- €1,885
- ▼ 44.8%
- Equity
- -€16,363
- ▼ 13.0%
- Total assets
- €19,911
- ▼ 1.3%
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts lateNo main activity registeredFounded in 2019lowers riskSize: total assets €19,911Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 5% of them on solvency, 5% on liquidity, 10% on profitability and 22% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 51 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00552576.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 4 filings
2020 to 2025, 4 financial years
The operating result for 2025 is a loss of €1,747, smaller than the loss of €3,351 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 1,564 companies had the same profile as STRUCTURAX has now. Two years later, 5.1% had gone bankrupt and 88.9% were still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STRUCTURAX itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,564 companies, not a prediction for STRUCTURAX. 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.
| Line | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,989 | €1,599 | €667 | €560 | ▼ 16.0% |
| Other operating charges640/8 | - | €484 | €2,587 | €393 | ▼ 84.8% |
| Gross operating margin9900 | -€11,244 | -€394 | -€97 | -€793 | ▼ 720% |
| Operating profit (loss)9901 | -€14,087 | -€2,477 | -€3,351 | -€1,747 | ▲ 47.9% |
| Recurring financial income75 | €18 | - | - | - | - |
| Financial charges65/66B | - | €39 | €65 | €138 | ▲ 113% |
| Recurring financial charges65 | €2,494 | €39 | €65 | €138 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | -€16,563 | -€2,516 | -€3,416 | -€1,885 | ▲ 44.8% |
| Profit (loss) for the period9904 | -€16,563 | -€2,516 | -€3,416 | -€1,885 | ▲ 44.8% |
| Profit (loss) for the period to be appropriated9905 | -€16,563 | -€2,516 | -€3,416 | -€1,885 | ▲ 44.8% |
| Line | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €30,903 | €20,905 | €20,167 | €19,911 | ▼ 1.3% |
| Formation expenses20 | €806 | €107 | €0 | - | - |
| Fixed assets21/28 | €9,733 | €3,407 | €2,846 | €2,286 | ▼ 19.7% |
| Intangible fixed assets21 | €4,645 | - | - | - | - |
| Tangible fixed assets22/27 | €5,088 | €3,407 | €2,846 | €2,286 | ▼ 19.7% |
| Plant, machinery and equipment23 | - | €3,407 | €2,846 | €2,286 | ▼ 19.7% |
| Current assets29/58 | €20,364 | €17,391 | €17,321 | €17,625 | ▲ 1.8% |
| Stocks and contracts in progress3 | €13,243 | €8,943 | €8,943 | €8,943 | = |
| Stocks30/36 | - | €8,943 | €8,943 | €8,943 | = |
| Amounts receivable within one year40/41 | €6,211 | €3,766 | €3,757 | €3,757 | = |
| Trade receivables40 | - | €3,757 | €3,757 | €3,757 | = |
| Other amounts receivable41 | - | €9 | €0 | - | - |
| Cash at bank and in hand54/58 | - | €73 | €12 | €315 | ▲ 27× |
| Deferred charges and accrued income490/1 | - | €4,610 | €4,610 | €4,610 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €30,903 | €20,905 | €20,167 | €19,911 | ▼ 1.3% |
| Equity10/15 | €3,437 | -€11,062 | -€14,478 | -€16,363 | ▼ 13.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€16,563 | -€31,062 | -€34,478 | -€36,363 | ▼ 5.5% |
| Amounts payable17/49 | €27,466 | €31,967 | €34,645 | €36,274 | ▲ 4.7% |
| Amounts payable within one year42/48 | €27,466 | €31,967 | €34,645 | €36,274 | ▲ 4.7% |
| Trade debts44 | €3,300 | €2,592 | €2,592 | €2,592 | = |
| Suppliers440/4 | - | €2,592 | €2,592 | €2,592 | = |
| Taxes, remuneration and social security45 | - | €293 | €2,771 | €0 | ▼ 100% |
| Taxes450/3 | - | €293 | €2,771 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €29,082 | €29,282 | €33,682 | ▲ 15.0% |
| Line | 2020 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,563 | -€2,516 | -€3,416 | -€1,885 | ▲ 44.8% |
| + Depreciation and write-downs630 | €1,989 | €1,599 | €667 | €560 | ▼ 16.0% |
| Operating cash flow (approximation) | -€14,574 | -€917 | -€2,748 | -€1,325 | ▲ 51.8% |
| Investment in fixed assets (approximation) | - | - | -€107 | €0 | - |
| Change in cash | - | - | -€61 | €304 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Algemene Onderneming De Braeve |
|
| Innovaition |
|
Timeline
Acts, filings and financial milestones
18-04
Gazette deed
Resignation: Innovaition (director)Permanent representatives: Federick Reynaert and Nicolas De Braeve · Director discharge7 points ▸
- General meeting, 10-05-2022
- Director resignation, Innovaition (director)
- Permanent representative, Federick Reynaert
- Director discharge, Innovaition
- Other provision, 10-06-2021
- Permanent representative, Nicolas De Braeve
- Director in office, Algemene Onderneming De Braeve (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34025C0432/00S004 | Flanders | 1.0 ha | 1 · 258 m² | 9.7 m · 1 |
| 34025C0314/00G000 | Flanders | 4,165 m² | 1 · 170 m² | 9.8 m · 2 |