STRUVAY FRERES
ActiveSummary
The annual accounts of STRUVAY FRERES for fiscal year 2024 show a net loss of 58% of the equity at the start of that year. The 2024 annual accounts show equity of €97k and a net result of €-134k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 2465 sector peers (fiscal year 2024). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8=
Solvency31▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.2 against 1.18 in 2023; short-term debt: 22.1% and cash: 1.1% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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 2024Solvency, return and age of the figures
Solvency
6%
Return on assets
-8.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-134k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2465 sector peers (2024).
NBB · sector comparisonPosition among 2465 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
8 d late
2022
24 d late
2021
92 d late
2020
11 d late
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€97k▼ 58.1%
2023 · €230k
2018: €96k
2019: €186k
2020: €188k
2021: €399k
2022: €377k
2023: €230k
2018 → 2024
Total assets
€1.62M▼ 9.0%
2023 · €1.78M
2018: €138k
2019: €234k
2020: €215k
2021: €836k
2022: €1.71M
2023: €1.78M
2018 → 2024
Net result
€-134k▲ 8.6%
2023 · €-146k
2018: €15k
2019: €90k
2020: €2k
2021: €210k
2022: €-22k
2023: €-146k
2018 → 2024
Working capital
€71k▼ 0.9%
2023 · €71k
2018: €41k
2019: €153k
2020: €140k
2021: €340k
2022: €90k
2023: €71k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€188k-€399k▲ 112%€377k▼ 5.5%€230k▼ 38.8%€97k▼ 58.1%
Operating result€3k-€291k▲ 9,144%€-9k€-125k▼ 1,241%€-121k▲ 3.1%
Net result€2k-€210k▲ 9,660%€-22k€-146k▼ 570%€-134k▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €121k in 2024 against €125k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.19M ▼ 8.5%
Current assets
€427k ▼ 10.3%
Equity and liabilities €1.62M
Equity
€97k ▼ 58.1%
Provisions
€74k ▼ 1.8%
Debt
€1.45M ▼ 1.7%
Debt's share of the balance-sheet total rises from 82.8% to 89.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▲
2023 · €-26k
Cash flow
€-33k▲
2023 · €-47k
Current ratio
1.20▲
2023 · 1.18
Quick ratio
1.19▲
2023 · 1.15
Debt to equity
14.96▲
2023 · 6.38
ROE
-138.5%▼
2023 · -63.5%
ROA
-8.3%▼
2023 · -8.2%
Interest coverage
-1.41▼
2023 · -1.11
Debt ≤ 1 year
€357k▼
2023 · €405k
Debt > 1 year
€1.09M▲
2023 · €1.06M
Staff costs
€125k▼
2023 · €181k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.78M€1.62M▼
Fixed assets21/28€1.30M€1.19M▼
Intangible fixed assets21€22k€20k▼
Tangible fixed assets22/27€1.28M€1.17M▼
Land and buildings22€1.18M€1.10M▼
Plant, machinery and equipment23€65k€46k▼
Furniture and vehicles24€35k€24k▼
Current assets29/58€477k€427k▼
Stocks and contracts in progress3€12k€2k▼
Stocks30/36€12k€2k▼
Amounts receivable within one year40/41€446k€406k▼
Trade receivables40€49k-
Other amounts receivable41€397k€406k▲
Cash at bank and in hand54/58€6k€18k▲
Deferred charges and accrued income490/1€13k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.78M€1.62M▼
Equity10/15€230k€97k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€231k€227k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€225k€221k▼
Profit (loss) carried forward14€-63k€-193k▼
Provisions and deferred taxes16€75k€74k▼
Deferred taxes168€75k€74k▼
Amounts payable17/49€1.47M€1.45M▼
Amounts payable after more than one year17€1.06M€1.09M▲
Financial debts170/4€880k€904k▲
Other amounts payable178/9€185k€185k=
Amounts payable within one year42/48€405k€357k▼
Current portion of amounts payable after more than one year42€75k€99k▲
Financial debts43€15k€15k▲
Credit institutions430/8€15k€15k▲
Trade debts44€223k€62k▼
Suppliers440/4€223k€62k▼
Taxes, remuneration and social security45€56k€85k▲
Taxes450/3€26k€50k▲
Remuneration and social security454/9€30k€35k▲
Other amounts payable47/48€36k€96k▲
Accrued charges and deferred income492/3€756€347▼
Income statement
Code20232024
Remuneration, social security and pensions62€181k€125k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€101k▲
Other operating charges640/8€34k€58k▲
Gross operating margin9900€189k€163k▼
Operating profit (loss)9901€-125k€-121k▲
Financial income75/76B€31-
Recurring financial income75€31-
Financial charges65/66B€23k€14k▼
Recurring financial charges65€23k€14k▼
Profit (loss) for the period before taxes9903€-148k€-135k▲
Transfer from deferred taxes780€1k€1k=
Profit (loss) for the period9904€-146k€-134k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-142k€-130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-176k€-193k▼
Profit (loss) brought forward from the previous period14P€-34k€-63k▼
Transfer from equity791/2€113k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €-146k
Net result drops to €-146k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Highest result since 2018net €210k ▲9660%
Operating result €291k, net result €210k, both a record.
31-12
Financial
Equity above €200kEq €399k ▲112%
4 profitable years in a row build equity to €399k.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 7.00
Current ratio from 3.14 to 7.00.
31-12
Financial
Equity above €150kEq €186k ▲93.3%
2 profitable years in a row build equity to €186k.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Huy · 1 establishment unit since 1948
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grand'Place 104500 HuyGround area
440 m²
Parcel 61031C0190/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Grand'Place 10, 4500 Huy
since 19482.006.470.338
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031C0190/00K000 | Wallonia | 440 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FRATELLI
BE 0457.607.594
Aarschot · Eq €96,251
Common Ground Circus
BE 0702.993.741
Duffel · Eq €96,071
Zah!
BE 1002.589.624
Floreffe · Eq €95,532
TheCast
BE 0895.047.407
Aalst · Eq €95,104
GRAND OPERA PRODUCTIONS
BE 0769.316.797
Liège · Eq €98,714
Of 3,525 companies in sector 90391 we hold annual accounts for 680. 522 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.