Subsea Structural Technologies
ActiveSummary
The annual accounts of Subsea Structural Technologies for fiscal year 2024 show a net loss of 422% of total assets and of 97% of the equity at the start of that year. The 2024 annual accounts show equity of €857 and a net result of -€33,229. Its solvency ranks better than 14% of 11615 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 2 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,207 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €700 | €36 | ▼ 94.9% |
| Gross operating margin9900 | €24,978 | -€32,997 | ▼ 232% |
| Operating profit (loss)9901 | €24,278 | -€33,033 | ▼ 236% |
| Financial charges65/66B | €192 | €196 | ▲ 2.1% |
| Recurring financial charges65 | €192 | €196 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €24,086 | -€33,229 | ▼ 238% |
| Profit (loss) for the period9904 | €24,086 | -€33,229 | ▼ 238% |
| Profit (loss) for the period to be appropriated9905 | €24,086 | -€33,229 | ▼ 238% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €52,178 | €7,875 | ▼ 84.9% |
| Current assets29/58 | €52,178 | €7,875 | ▼ 84.9% |
| Amounts receivable within one year40/41 | €44,567 | €2,750 | ▼ 93.8% |
| Trade receivables40 | €18,410 | €1,567 | ▼ 91.5% |
| Other amounts receivable41 | €26,156 | €1,183 | ▼ 95.5% |
| Cash at bank and in hand54/58 | €7,611 | €5,125 | ▼ 32.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €52,178 | €7,875 | ▼ 84.9% |
| Equity10/15 | €34,086 | €857 | ▼ 97.5% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | €24,086 | - | - |
| Distributable reserves133 | €24,086 | - | - |
| Profit (loss) carried forward14 | - | -€9,143 | - |
| Amounts payable17/49 | €18,092 | €7,017 | ▼ 61.2% |
| Amounts payable within one year42/48 | €18,092 | €7,017 | ▼ 61.2% |
| Trade debts44 | €18,074 | - | - |
| Suppliers440/4 | €18,074 | - | - |
| Other amounts payable47/48 | €17 | €7,017 | ▲ 40,323% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,086 | -€33,229 | ▼ 238% |
| Operating cash flow (approximation) | €24,086 | -€33,229 | ▼ 238% |
| Change in cash | - | -€2,486 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 239,022 EUR awarded · 102,933 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 185,089 EUR | 49,000 EUR |
| 2024 | 1 | 0 EUR | 25,000 EUR |
| 2023 | 2 | 53,864 EUR | 28,933 EUR |
| 2022 | 1 | 69 EUR | 0 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.