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Generated 11-08-2026
Active BE 0440.364.261Public limited companyOpen bankruptcy

STRATTON RED

Kortrijksesteenweg 48 ·9830 Sint-Martens-Latem, Belgium· 36 yrs active
Sector: Real estate activities (68121)
Conclusion Checked

A bankruptcy procedure is open for STRATTON RED according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-1.15M) and a net result of €-1.26M.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-1.15M
Net result €-1.26M
Better than sector 5%
Active 36 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency33Growth32Stability0
33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 33
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
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.
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-10-2023 with the NBB · fiscal year 2023 · verkort
€-1.50M€-1.00M€-500k€0€500kOperating result 2019: €-36k€-36kNet result 2019: €104k€104kOperating result 2020: €19k€19kNet result 2020: €437k€437kOperating result 2021: €-449k€-449kNet result 2021: €-6k€-6kOperating result 2022: €-5k€-5kNet result 2022: €-42k€-42kOperating result 2023: €-218k€-218kNet result 2023: €-1.26M€-1.26M20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -226.3% 13.5%
better than 5% of 1436 sector peers
Net result €-1.26M €457
better than 5% of 1432 sector peers
Equity €-1.15M €94k
better than 5% of 1436 sector peers
Gross operating margin €-5k €43k
better than 21% of 1432 sector peers
Employees (FTE) 0.0 0.0
better than 28% of 419 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-1.26M
-2874.0% 19-23
Total assets
€507k
-60.1% 19-23
Equity
€-1.15M
- 19-23
Working capital
€-1.15M
- 19-23
Employees (FTE)
0
- 19-23
Income taxes
€0
-100.0% 19-23
Debt
€1.65M
+43.5% 19-23
Debt ≤ 1y
€1.65M
+43.5% 19-23
Current ratio
0.31
-72.2% 19-23
Quick ratio
0.25
-76.5% 19-23
Solvency
-226.3%
- 19-23
Debt / equity
-1.44
- 19-23
ROE
110.2%
- 19-23
ROA
-249.3%
-7347.8% 19-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA-
Net profit€-1.26M
Cash flow-
Staff costs-
Income taxes€0
Dividends-
Total assets€507k
Equity€-1.15M
Debt€1.65M
of which ≤ 1y€1.65M
of which > 1y-
Working capital€-1.15M
Employees (FTE)0.0
Ratios (computed)
2023
Current ratio0.31
Quick ratio0.25
Working capital ratio-226.3%
Solvency-226.3%
Debt / equity-1.44
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-249.3%
ROE110.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€507k
Current assets 29/58€507k
Stocks & contracts in progress 3€90k
Amounts receivable within one year 40/41€417k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€507k
Equity 10/15€-1.15M
Contributions / capital 10/11€121k
Reserves 13€43k
Accumulated profits (losses) 14€-1.31M
Amounts payable 17/49€1.65M
Amounts payable within one year 42/48€1.65M
Trade debts payable within one year 44€386k
Income statement
Gross operating margin 9900€-5k
Operating result 9901€-218k
Financial income 75€583
Financial charges 65€1.05M
Result before taxes 9903€-1.26M
Income taxes 67/77€0
Net result for the period 9904€-1.26M
Result to be appropriated 9905€-1.26M
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • Hendrik Danneels
    Director
    State Gazette act 24176874 (17-12-2024)
    Former
    - → 29-11-2024
    2 events
    • 29-11-2024 Resigned· Director
    • 29-11-2024 Resigned· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator DIRK LEROUX
KORTRIJKSESTEENWEG 1166, 9051 D SINT-DENIJS-WESTREM(GENT)
 16-09-2025 → present Belgian State Gazette
Legal Structure
NACE primary Real estate activities(68121)
Legal form Public limited company(014)
Incorporation13-03-1990
StatusActive
Postal code9830
First BS signal 22-09-2025
Latest BS signal 22-09-2025
Company structure, linked entities1 linked entities
STRATTON REDBE 0440.364.261DIRK LEROUXReceiver ↔ 69Angelov, MiroslavECO-COOLZORA
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units 1 location
STRATTON RED
Kortrijksesteenweg 48, 9830 Sint-Martens-LatemHandel in eigen onroerend goed
since 19942.047.742.155
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B0246/00F000 Flanders 7,043 m² 1 · 1,509 m² 13.4 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
22-09-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · STRATTON RED NV KORT- RIJKSESTEENWEG 48/10, 9830 SINT-MARTENS-LATEM · event 16-09-2025
2024
17-12-2024
State Gazette act Director changes
correction
2023
27-10-2023
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2022
24-10-2022
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2021
28-10-2021
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2020
30-11-2020
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2019
29-11-2019
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2018
29-10-2018
NBB filing Annual accounts filed
fiscal year 2018 · verkort
29-10-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
28-10-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2015
08-10-2015
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2014
29-09-2014
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Lifecycle & Insolvency Signals 1 events
22-09-2025
Bankruptcy Opening
Date: 16-09-2025 · Ondernemingsrechtbank Gent, afdeling Gent · STRATTON RED NV KORT- RIJKSESTEENWEG 48/10, 9830 SINT-MARTENS-LATEM · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-09-22 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
17-12-2024 2 resigning Director changescorrection
  • Hendrik Danneels, Bestuurder
  • Hendrik Danneels, Gedelegeerd bestuurder
Technical details 
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      },
      "reason": "de_plein_droit_cascade",
      "subkind": "rectification",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-11-29",
      "evidence_quote": "De bestuurder stelt vast dat zijn mandaat bij deze algemene vergadering be\u00EBindigd is gelet op zijn opzeg gegeven op 8 november Il. (als bestuurder en gedelegeerd bestuurder), dit met ingang van 29/11/2024.",
      "decharge_status": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
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      "subkind": "rectification",
      "via_org": null,
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      "compensated": null,
      "effective_date": "2024-11-29",
      "evidence_quote": "De bestuurder stelt vast dat zijn mandaat bij deze algemene vergadering be\u00EBindigd is gelet op zijn opzeg gegeven op 8 november Il. (als bestuurder en gedelegeerd bestuurder), dit met ingang van 29/11/2024.",
      "decharge_status": null,
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      "rep_rotation_old_rep": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-12-17",
    "filing_date": "2024-12-06",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-11-29",
      "unanimous": true
    }
  ],
  "is_correction": true,
  "subject_company": {
    "kbo": "0440.364.261",
    "name_full": "STRATTON RED",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Hendrik Danneels",
    "org_rep_person_name": null,
    "person_role_at_subject": "Gedelegeerd bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121
Primary activity highlighted.
Names & trade names
Legal nameNL STRATTON RED
Registered office
Kortrijksesteenweg 48 bus 10
9830 Sint-Martens-Latem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative