STRUDELIMMO
ActiveSummary
STRUDELIMMO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-8.32M) and a net result of €-2.11M. Equity is shrinking by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-6
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 14.66 against 15.85 in 2024; short-term debt: 2% and cash: 0.1% of total assets), but equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-46.2%
Return on assets
-11.7%
Age of the figures
9 mo
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 €-8.32M
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 d early
2024
22 d early
2023
2 d late
2022
23 d late
2021
38 d early
2020
26 d early
2019
31 d late
← 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
History
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2.11M▼ 70.5%
2024 · €-1.24M
Working capital
€4.89M▲ 8.2%
2024 · €4.52M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-1.07M▲ 20.4%€-1.27M▼ 18.7%€-666k▲ 47.3%€-1.24M▼ 85.4%€-1.94M▼ 56.9%
Net result€-1.07M▲ 20.4%€-1.27M▼ 18.8%€-661k▲ 48.0%€-1.24M▼ 87.3%€-2.11M▼ 70.5%
Equity€-3.04M▼ 54.4%€-4.31M▼ 41.8%€-4.97M▼ 15.4%€-6.21M▼ 24.9%€-8.32M▼ 34.0%
Total assets€14.51M▲ 5.8%€16.05M▲ 10.7%€17.41M▲ 8.5%€17.82M▲ 2.3%€18.00M▲ 1.0%
Debt€17.54M▲ 11.9%€20.36M▲ 16.1%€22.38M▲ 9.9%€24.02M▲ 7.3%€26.32M▲ 9.6%
Working capital€1.16M▲ 229%€2.22M▲ 90.4%€3.90M▲ 76.2%€4.52M▲ 15.7%€4.89M▲ 8.2%
Staff (FTE)9.2▲ 9.5%10.2▲ 10.9%11.7▲ 14.7%11.7=11.9▲ 1.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.94M in 2025 against €1.24M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.00M
Fixed assets
€12.76M ▼ 1.8%
Current assets
€5.25M ▲ 8.8%
Key figures and ratios
EBITDA
€-1.48M▼
2024 · €-802k
Cash flow
€-1.66M▼
2024 · €-805k
Solvency
-46.2%▼
2024 · -34.8%
Current ratio
14.66▼
2024 · 15.85
Quick ratio
11.89▼
2024 · 12.85
Debt to equity
-3.16▲
2024 · -3.87
ROA
-11.7%▼
2024 · -6.9%
Interest coverage
-8.63▲
2024 · -260.22
Debt ≤ 1 year
€358k▲
2024 · €304k
Debt > 1 year
€25.96M▲
2024 · €23.72M
Income taxes
€849=
2024 · €849
Staff costs
€566k▲
2024 · €529k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €358k | €400k | €457k | €529k | €566k | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €463k | €454k | €456k | €433k | €455k | ▲ 5.0% |
| Other operating charges640/8 | €30k | €27k | €31k | €28k | €33k | ▲ 16.9% |
| Non-recurring operating charges66A | €1k | €2k | €264k | - | €560k | - |
| Gross operating margin9900 | €-213k | €-382k | €542k | €-245k | €-323k | ▼ 31.9% |
| Operating profit (loss)9901 | €-1.07M | €-1.27M | €-666k | €-1.24M | €-1.94M | ▼ 56.9% |
| Financial income75/76B | €3k | €455 | €13k | €1k | €2k | ▲ 7.7% |
| Recurring financial income75 | €3k | €455 | €13k | €1k | €2k | ▲ 7.7% |
| Financial charges65/66B | €5k | €5k | €7k | €3k | €173k | ▲ 5,508% |
| Recurring financial charges65 | €5k | €5k | €7k | €3k | €172k | ▲ 5,475% |
| Non-recurring financial charges66B | - | - | - | - | €999 | - |
| Profit (loss) for the period before taxes9903 | €-1.07M | €-1.27M | €-660k | €-1.24M | €-2.11M | ▼ 70.5% |
| Income taxes67/77 | €284 | €467 | €578 | €849 | €849 | = |
| Profit (loss) for the period9904 | €-1.07M | €-1.27M | €-661k | €-1.24M | €-2.11M | ▼ 70.5% |
| Profit (loss) for the period to be appropriated9905 | €-1.07M | €-1.27M | €-661k | €-1.24M | €-2.11M | ▼ 70.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.51M | €16.05M | €17.41M | €17.82M | €18.00M | ▲ 1.0% |
| Fixed assets21/28 | €12.98M | €13.43M | €13.11M | €12.99M | €12.76M | ▼ 1.8% |
| Intangible fixed assets21 | €6k | €3k | €747 | - | - | - |
| Tangible fixed assets22/27 | €12.97M | €13.41M | €13.09M | €12.97M | €12.73M | ▼ 1.8% |
| Land and buildings22 | €12.92M | €13.33M | €12.97M | €12.87M | €12.56M | ▼ 2.4% |
| Plant, machinery and equipment23 | €4k | €9k | €28k | €28k | €45k | ▲ 61.9% |
| Furniture and vehicles24 | €23k | €49k | €65k | €51k | €105k | ▲ 104% |
| Other tangible fixed assets26 | €24k | €25k | €25k | €24k | €24k | ▼ 0.4% |
| Financial fixed assets28 | €2k | €12k | €23k | €23k | €23k | ▼ 2.7% |
| Current assets29/58 | €1.52M | €2.62M | €4.30M | €4.82M | €5.25M | ▲ 8.8% |
| Stocks and contracts in progress3 | €320k | €122k | €870k | €914k | €989k | ▲ 8.2% |
| Stocks30/36 | €320k | €122k | €870k | €914k | €989k | ▲ 8.2% |
| Amounts receivable within one year40/41 | €240k | €2.35M | €3.26M | €3.84M | €4.20M | ▲ 9.4% |
| Trade receivables40 | €216k | €46k | €79k | €53k | €82k | ▲ 56.5% |
| Other amounts receivable41 | €24k | €2.30M | €3.18M | €3.79M | €4.12M | ▲ 8.8% |
| Cash at bank and in hand54/58 | €944k | €115k | €117k | €40k | €25k | ▼ 38.3% |
| Deferred charges and accrued income490/1 | €20k | €38k | €52k | €29k | €31k | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.51M | €16.05M | €17.41M | €17.82M | €18.00M | ▲ 1.0% |
| Equity10/15 | €-3.04M | €-4.31M | €-4.97M | €-6.21M | €-8.32M | ▼ 34.0% |
| Contributions10/11 | €5.26M | €5.26M | €5.26M | €5.26M | €5.26M | = |
| Capital10 | €5.26M | €5.26M | €5.26M | €5.26M | €5.26M | = |
| Issued capital100 | €5.26M | €5.26M | €5.26M | €5.26M | €5.26M | = |
| Profit (loss) carried forward14 | €-8.30M | €-9.57M | €-10.23M | €-11.47M | €-13.58M | ▼ 18.4% |
| Investment grants15 | €7k | €6k | €6k | €5k | €5k | ▼ 8.3% |
| Amounts payable17/49 | €17.54M | €20.36M | €22.38M | €24.02M | €26.32M | ▲ 9.6% |
| Amounts payable after more than one year17 | €17.18M | €19.95M | €21.98M | €23.72M | €25.96M | ▲ 9.5% |
| Other amounts payable178/9 | €17.18M | €19.95M | €21.98M | €23.72M | €25.96M | ▲ 9.5% |
| Amounts payable within one year42/48 | €360k | €408k | €396k | €304k | €358k | ▲ 17.7% |
| Trade debts44 | €320k | €320k | €252k | €179k | €177k | ▼ 1.3% |
| Suppliers440/4 | €320k | €320k | €252k | €179k | €177k | ▼ 1.3% |
| Advances received on contracts in progress46 | - | - | €47k | €6k | - | - |
| Taxes, remuneration and social security45 | €38k | €46k | €49k | €50k | €69k | ▲ 38.9% |
| Taxes450/3 | €9k | €15k | €16k | €693 | €9k | ▲ 1,153% |
| Remuneration and social security454/9 | €29k | €31k | €33k | €49k | €61k | ▲ 23.3% |
| Other amounts payable47/48 | €2k | €42k | €49k | €69k | €111k | ▲ 60.9% |
| Accrued charges and deferred income492/3 | €5k | €3k | - | €1k | €1k | ▼ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.07M | €-1.27M | €-661k | €-1.24M | €-2.11M | ▼ 70.5% |
| + Depreciation and write-downs630 | €463k | €454k | €456k | €433k | €455k | ▲ 5.0% |
| Operating cash flow (approximation) | €-606k | €-816k | €-205k | €-805k | €-1.66M | ▼ 106% |
| Investment in fixed assets (approximation) | - | €-899k | €-141k | €-314k | €-217k | ▲ 31.1% |
| Change in cash | - | €-829k | €2k | €-76k | €-15k | ▲ 79.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
Incorporation · Name clause
Registered office clause · Corporate purpose
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-2.11M
Net result drops to €-2.11M, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity times 6current ratio 1.97
Current ratio from 0.34 to 1.97; short-term debt falls from €1.41M to €338k.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genappe · 2 establishment units since 2004
Ground area
3.0 ha
Building footprint
473 m²
Volume, LiDAR
4,098 m³
2 parcels, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
STRUDELIMMO
since 20042.142.541.839
CHAI DU VIGNOBLE DU CHATEAU DE BOUSVAL
since 20192.315.643.782
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013F0119/00K000 | Wallonia | 2.6 ha | 1 · 428 m² | 11.9 m · 3 fl. |
| 25013F0124/00C000 | Wallonia | 4,757 m² | 1 · 45 m² | 12.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGenappe2.315.643.782
Genappe2.142.541.839
Legal Entity Identifier
8755004NWO2KZYYHI383
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Of 1,397 companies in sector 01210 we hold annual accounts for 232. 157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
01210Crop and animal production, hunting and related service activities
02100Forestry and logging
01110Growing of cereals (except rice), leguminous crops and oil seeds
47221Retail sale of meat and meat products, excluding game and poultry
47791Retail sale of antiques
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
Contact
Phone
0475/406139Genappe
Scores and ratios are computed by Checked and are not a credit decision.