Equity
-€8.3m
Debts exceed assets in financial year 2025.
STRUDELIMMO
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €542,172 (2023)
-€323,117▼ €78,097
lowest -€2.1m (2025)
-€2.1m▼ €872,147
peak €4.2m (2009)
-€8.3m▼ €2.1m
€26.3m▲ 9.6%
peak 11.9 FTE (2025)
11.9 FTE▲ 1.7%
Board7 names since 2016
5 directorsEsther Verhaeghe de Naeyer and 4 others
Documentsfilings and deeds
17-07-202614 days before the deadline
2025financial year
Gross margin from -€245,020 to -€323,117Loss of €2.1mEquity from -€6.2m to -€8.3mCash from €40,318 to €24,865
Key points
from the 2025 annual accountsLosses
-€10.0m in eight years
Every financial year from 2018 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€26.3m 146% of the balance sheet
Suppliers 1%Taxes and wages 0%Other 99%
Of this, €357,880 falls due within a year.
Staff
13 employees on 31-12-2025
In 2025, 89 people joined and 88 left.
Filings
21 annual accounts since 2005
Five of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Position in the sector
-46.2%
Lower solvency than 95% of companies in crop and animal production. Sector median 43.9% · 565 companies.
Checked score
51
Fair
Financially stronger than 15% of small companies in crop and animal production (NACE 01)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 912 companies (NACE 01, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%▲ +1.0 percentage point vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.4%▲ +0.1 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 2.3%▲ +0.9 percentage points vs 07-2026
09-2026: 2.3%● unchanged vs 08-2026
10-2026: 2.3%● unchanged vs 09-2026highest value
11-2026: 2.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€8.3m
Loss of €2.1m, the second in a row (financial year 2025)
Liquidity: current ratio 14.66, cash €24,865
lowers risk
Sector: Crop and animal production, hunting and related service activities (NACE 01)
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 01, small). It does better than 1% of them on solvency, 53% on liquidity, 2% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 678 companies had the same profile as STRUDELIMMO has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STRUDELIMMO itself: 2.3% 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 678 companies, not a prediction for STRUDELIMMO. 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
No credit on open account
Liquidity is ample, with a current ratio of 14.66 (15.85 in 2024), above the usual 1.5. Short-term debt is 2% and cash 0.1% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€8.3m
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
22 days early
2023
2 days late
2022
23 days late
2021
38 days early
2020
26 days early
2019
31 days late
← 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 6 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% 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 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0869916586
Amendment of the articles
General meeting of 11-12-2023 · Gazette deed
Reappointment: Michel Verhaeghe de Naeyer (director and chair of the board)
General meeting of 30-06-2023 · Gazette deed
Appointment: Nicole Emsens (chair of the board)
General meeting of 31-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STRUDELIMMO Genappe | €18.0m | -€323,117 | -46.2% | 11.9 |
| J.V.D. Ghent | €25.4m | - | 48.8% | 11.2 |
| VIVITUS Bredene | €3.4m | -€60,464 | 17.4% | - |
| CHEMACH Wielsbeke | €3.0m | €2,943 | 85.2% | - |
| CHÂTEAU DE FUMAL Braives | €3.3m | -€157,477 | -7.4% | - |
| VIGNA Wijnegem | €4.8m | €180,585 | -21.6% | - |
| ROODT STERT Alken | €5.6m | €350,134 | 48.9% | - |
These companies have the same main activity as STRUDELIMMO: crop and animal production, hunting and related service activities (NACE 01210). They are comparable in size and age: total assets between €3m and €25m, founded between 1978 and 2011.
Official details
Source: KBO- Status
- Active since 09-11-2004Normal situation
- Activity
- Crop and animal production, hunting and related service activitiesNACE 01210and 7 others
- Establishment units
- 2.142.541.8391470 Genappe, since 09-11-2004
- 2.315.643.7821470 Genappe, since 16-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Annual accounts 2025
- €18.0m▲ 1.0%
- Employeeson 31-12-2025
- 13▲ 8.3%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on STRUDELIMMO
STRUDELIMMO has existed since 2004. The gross margin fell from €143,907 in 2009 to €25,642 in 2010, while staff rose from 1.1 to 1.8 full-time equivalents.
Solvency fell in 2025 from -34.8% to -46.2% because of the loss and higher long-term debts.
In October 2022, the Official Gazette published the appointment of Soverin SA as managing director.
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 STRUDELIMMO
- What is the company number of STRUDELIMMO?
- The company number of STRUDELIMMO is 0869.916.586. The VAT number is the same number with BE in front: BE 0869.916.586.
- Where is STRUDELIMMO based?
- The registered office is at Rue du Château 33, 1470 Genappe.Company details
- What does STRUDELIMMO do?
- According to the KBO register, the main activity is crop and animal production, hunting and related service activities (NACE 01210).
- What is the legal form of STRUDELIMMO?
- STRUDELIMMO is a public limited company (NV).
- When was STRUDELIMMO founded?
- STRUDELIMMO was founded on 09-11-2004.
- Is STRUDELIMMO still active?
- Yes, STRUDELIMMO is an active enterprise in the KBO register.
- How many employees does STRUDELIMMO have?
- STRUDELIMMO had an average of 11.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of STRUDELIMMO?
- The annual accounts for financial year 2025 state no turnover.
- Is STRUDELIMMO profitable?
- In financial year 2025, STRUDELIMMO made a loss of €2.1m.
- Where can I find the annual accounts of STRUDELIMMO?
- STRUDELIMMO filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STRUDELIMMO due?
- STRUDELIMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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