Checked.be
Active
BE 0418.546.882Public limited company
Studieburo Structural
Minneveldstraat 124 ·3070 Kortenberg, Belgium· 48 yrs active
Sector: Engineering and related technical consultancy, excluding land surveyors
(71121)
Conclusion
Studieburo Structural has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-2k |
| Net result | €-4k |
| Better than sector | 5% |
| Active | 48 yrs |
Financial profile
62
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
100
Solvency
40
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1978, 48 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
12
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
55
2021
52
2022
48
2023
35
2024
12
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.78 (< 1.0)
-10
Equity
Negative equity
-25
Profitability
ROE 228% (≥ 10%)
+10
Interest coverage
Interest coverage -98.4× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Sector comparison
Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -27.0% | 46.8% | |
| Net result | €-4k | €30k | |
| Equity | €-2k | €213k | |
| Gross operating margin | €-2k | €124k | |
| Total assets | €6k | €610k |
€-3k
-310.6%
21-25
€-4k
-15.3%
21-25
€-3k
-299.0%
21-25
€6k
-39.2%
21-25
€-2k
-
21-25
€-2k
-
21-25
2
-
21-25
€157
-99.8%
21-25
€49
-
21-25
€8k
-2.4%
21-25
€8k
-2.4%
21-25
0.78
-33.3%
21-25
0.78
-33.3%
21-25
-27.0%
-
21-25
-4.71
-
21-25
227.7%
-
21-25
-61.4%
-89.7%
21-25
-98.39
-290.1%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | -310.6% | +92.8% | +60.1% | -911.2% | - |
| Net profit | -15.3% | +75.3% | +53.0% | -448.8% | - |
| Cash flow | -299.0% | +92.8% | +58.2% | -875.6% | - |
| Staff costs | - | - | - | -99.8% | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -39.2% | -17.5% | -58.2% | -67.4% | - |
| Equity | - | -60.7% | -71.1% | -60.2% | - |
| Debt | -2.4% | +16.3% | -35.9% | -75.2% | - |
| of which ≤ 1y | -2.4% | +16.3% | -35.9% | -75.2% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | - | -36.0% | -83.4% | -66.6% | - |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.78 | 1.17 | 1.31 | 2.20 | 1.89 |
| Quick ratio | 0.78 | 1.17 | 1.31 | 2.20 | 1.89 |
| Working capital ratio | -27.8% | 13.6% | 17.5% | 43.9% | 42.8% |
| Solvency | -27.0% | 20.9% | 44.0% | 63.5% | 52.0% |
| Debt / equity | -4.71 | 3.78 | 1.27 | 0.57 | 0.92 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -98.39 | -25.22 | -22.55 | -643.66 | -72.07 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -61.4% | -32.4% | -108.0% | -96.1% | -5.7% |
| ROE | 227.7% | -154.7% | -245.6% | -151.3% | -11.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €6k | €10k | €12k | €28k | €87k |
| Fixed assets | 21/28 | €47 | €724 | €3k | €6k | €8k |
| Tangible fixed assets | 22/27 | €47 | €724 | €3k | €6k | €8k |
| Current assets | 29/58 | €6k | €9k | €9k | €23k | €79k |
| Amounts receivable within one year | 40/41 | €3k | €3k | €1k | €4k | €77k |
| Cash & bank | 54/58 | €3k | €6k | €7k | €19k | €2k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6k | €10k | €12k | €28k | €87k |
| Equity | 10/15 | €-2k | €2k | €5k | €18k | €45k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €17k | €17k | €17k | €17k | €17k |
| Accumulated profits (losses) | 14 | €-80k | €-76k | €-73k | €-60k | €-33k |
| Amounts payable | 17/49 | €8k | €8k | €7k | €10k | €42k |
| Amounts payable within one year | 42/48 | €8k | €8k | €7k | €10k | €42k |
| Trade debts payable within one year | 44 | €3k | €3k | €2k | €1k | €18k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-2k | €-719 | €-10k | €-24k | €88k |
| Operating result | 9901 | €-4k | €-3k | €-12k | €-27k | €-5k |
| Financial income | 75 | - | - | - | €108 | - |
| Financial charges | 65 | €30 | €29 | €442 | €39 | €34 |
| Result before taxes | 9903 | €-4k | €-3k | €-13k | €-27k | €-5k |
| Income taxes | 67/77 | - | - | - | - | €49 |
| Net result for the period | 9904 | €-4k | €-3k | €-13k | €-27k | €-5k |
| Result to be appropriated | 9905 | €-4k | €-3k | €-13k | €-27k | €-5k |
Legal Structure
| NACE primary | Engineering and related technical consultancy, excluding land surveyors(71121) |
| Legal form | Public limited company(014) |
| Incorporation | 12-07-1978 |
| Status | Active |
| Postal code | 3070 |
Establishment units
STUDIE STRUCTURAL
since 19782.015.208.949
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055B0317/00E002 | Flanders | 2,355 m² | 1 · 165 m² | 11.6 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Engineering and related technical consultancy, excluding land surveyors7112174203
Names & trade names
| Legal nameNL | Studieburo Structural |
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