STRAK Services

Active

Public limited companyfounded 200718 yrs activeOttergemsesteenweg-Zuid 808, 9000 Gent, BelgiumKBO/BCE: BE 0894.310.702

STRAK Services has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-16k) and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 1411 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency11▼-27

Growth58=

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.55 against 0.62 in 2023; short-term debt: 113.5% and cash: 61.8% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-13.5%

Return on assets

-28.1%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-16k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

20 d early

2023

15 d early

2022

32 d early

2021

24 d early

2020

22 d early

2019

69 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€-16k

2023 · €17k

2018: €95k 2019: €-65k 2020: €-17k 2021: €1k 2022: €-234k 2023: €17k

2018 → 2024

Total assets

€117k▼ 8.6%

2023 · €128k

2018: €1.07M 2019: €1.24M 2020: €318k 2021: €273k 2022: €203k 2023: €128k

2018 → 2024

Net result

€-33k

2023 · €251k

2018: €-68k 2019: €-160k 2020: €48k 2021: €19k 2022: €-235k 2023: €251k

2018 → 2024

Working capital

€-60k▼ 69.2%

2023 · €-35k

2018: €-223k 2019: €-314k 2020: €113k 2021: €81k 2022: €-208k 2023: €-35k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-17k-€1k€-234k€17k€-16k

Operating result€54k-€24k▼ 55.4%€-229k€258k€-29k

Net result€48k-€19k▼ 60.6%€-235k€251k€-33k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €29k after €258k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €117k

37.5%

62.5%

Fixed assets €44k▼ 37.4%

Current assets €73k▲ 26.2%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €285k

Cash flow

€-7k▼

2023 · €277k

Solvency

-13.5%▼

2023 · 13.3%

Current ratio

0.55▼

2023 · 0.62

Quick ratio

0.55▼

2023 · 0.62

Debt / equity

-8.40▼

2023 · 6.50

ROA

-28.1%▼

2023 · 195.7%

Interest coverage

-0.60▼

2023 · 38.25

Debt

€133k▲

2023 · €111k

Debt ≤ 1 year

€133k▲

2023 · €93k

Debt > 1 year

€0▼

2023 · €18k

Income taxes

€0▼

2023 · €373

Staff costs

€0▼

2023 · €70k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€128k€117k▼

Fixed assets21/28€70k€44k▼

Intangible fixed assets21€70k€44k▼

Current assets29/58€58k€73k▲

Amounts receivable within one year40/41€58k€906▼

Trade receivables40€8k€272▼

Other amounts receivable41€50k€635▼

Cash at bank and in hand54/58€0€72k▲

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€128k€117k▼

Equity10/15€17k€-16k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€142k€142k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Tax-exempt reserves132€139€139=

Distributable reserves133€136k€136k=

Profit (loss) carried forward14€-187k€-220k▼

Amounts payable17/49€111k€133k▲

Amounts payable after more than one year17€18k€0▼

Financial debts170/4€18k€0▼

Amounts payable within one year42/48€93k€133k▲

Current portion of amounts payable after more than one year42€28k€20k▼

Financial debts43€50k€50k=

Credit institutions430/8€50k€50k=

Trade debts44€15k€3k▼

Suppliers440/4€15k€3k▼

Taxes, remuneration and social security45€110€110=

Taxes450/3€110€110=

Remuneration and social security454/9€0-

Other amounts payable47/48€0€60k▲

Accrued charges and deferred income492/3€0-

Income statement Code20232024

Non-recurring operating income76A€388k€1k▼

Remuneration, social security and pensions62€70k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼

Other operating charges640/8€516€528▲

Gross operating margin9900€355k€-2k▼

Operating profit (loss)9901€258k€-29k▼

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€7k€4k▼

Recurring financial charges65€7k€4k▼

Profit (loss) for the period before taxes9903€251k€-33k▼

Income taxes67/77€373€0▼

Profit (loss) for the period9904€251k€-33k▼

Profit (loss) for the period to be appropriated9905€251k€-33k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-187k€-220k▼

Profit (loss) brought forward from the previous period14P€-438k€-187k▲

Social balance

Average headcount (FTE)90870.30.0▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

11-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

16-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €251k

Net result €251k after one loss-making year.

29-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €-235k ▼1353%

Net result drops to €-235k, the lowest in the series; recovery starts the following year.

07-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

09-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €48k

Net result €48k after 2 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 1.55

Current ratio from 0.68 to 1.55; short-term debt falls from €977k to €205k.

08-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 69 days late

2019

23-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

15-05

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

24-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

16 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, Gent · 1 establishment unit since 2008

establishment The establishment unit on the map

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.

Ottergemsesteenweg-Zuid 8089000 Gent

Ground area

3.2 ha

Building footprint

2.0 ha

Volume, LiDAR

251,951 m³