Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
STRACO AM from Sint-Martens-Latem, company number BE0798875667, closed financial year 2025 with a result of € 593,899 after tax. Compared with financial year 2024, the result moved from € -9.7 million to € 593,899. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 240.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 593,899
▲ still € 9.7 million loss in 2024
Profit after tax over the fiscal year.
€ 8.5 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -9.1 million.
Debts at end 2025
€ 84.1 million
▲ € 74.1 million vs 2024
Loans from banks and other lenders, long and short.
€ 291,470
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 288 days on average.
€ 1.2 million
▼ 44% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Profit after taxes | € -9,703,689 | € 593,899 | ▲ € 10.3 million |
| Equity | € 240,296,311 | € 240,890,210 | |
| Total debts | € 156,595,000 | € 219,350,906 | ▲ 40% |
| Cash | € 9,389,694 | € 8,492,102 | ▼ 10% |
| Retained profit | € -9,703,689 | € -9,109,790 | ▲ € 593,899 |
| Bank debt | € 10,000,000 | € 84,140,000 | ▲ € 74.1 million |
| Balance sheet total | € 396,891,311 | € 460,241,116 | ▲ 16% |
Key figures of STRACO AM, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to STRACO AM?
What happened at STRACO AM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 593,899. Source: NBB ↗
- New establishment in Gent. KBO
- Nicolas De Quinnemar became a director. NBB
- Ignace Bogaert became a director. NBB
- Ann De Raedt became a director. NBB
- Frederica Verheyden became a director. NBB
- Erik Van Den Eynden became a director. NBB
- Gino De Raedt became a director. NBB
In short
From € 9.7 million loss in 2024 to € 593,899 profit in 2025.
Paid € 3.6 million in corporate taxes since 2024.
Best year ever: 2025, with € 593,899 profit.
Management
The stake of STRACO PE, STRACO INVESTMENTS, STRACO RE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STRACO AMBehind STRACO AM are Nicolas De Quinnemar, Ignace Bogaert, Ann De Raedt, Frederica Verheyden, Erik Van Den Eynden and Gino De Raedt. The shares are held by STRACO PE (33.3%), STRACO INVESTMENTS (33.3%) and STRACO RE (33.3%). It owns 100% of Thetys International SA and 43.8% of Care Investco BV itself.
Directors
According to the 2025 annual accounts
Nicolas De Quinnemar
Director
Also active at: PATIGNY, CINQO, FORUM JOBS, INCENDIN, ATHMOS CAPITAL, STRACO REAL ESTATE, ForPar, 3SAG +16 more
since 2023
Ignace Bogaert
Director
since 2023
Ann De Raedt
Director
Also active at: NEDCO, Verheyden, F.I.M., CINQO, HET SWYN ofte OUDE HAVEN, SOCIETE DE GERANCE DE ROMEREE BUYS & CO, STRACO REAL ESTATE, G&P VENTURE, SEQUOIA GM +8 more
since 2023
since 2023
Erik Van Den Eynden
Director
Also active at: NEDCO, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, HANSIMMO, ODEBRECHT +30 more
since 2023
since 2023
Shareholders
Participations
Thetys International SA
100%
43.8%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 157
9830 Sint-Martens-Latem
Rijvisschestraat 122
9052 Gent
Active since 27 February 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →NEDCO same network
€ 771,291 revenue · 2025
PATIGNY same network
€ 1.2 million revenue · 2025
Immo V.V.L. Leuven same network
€ 4 million revenue · 2025
HET SWYN ofte OUDE HAVEN same network
€ 13,595 gross margin · 2025
IMMOCOR same network
€ -8,147 gross margin · 2025
+38 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.875.667
- VAT number
- BE 0798.875.667
- Registered office
- Kortrijksesteenweg 157, 9830 Sint-Martens-Latem
- Names & denominations
- STRACO AM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2023
- Peppol
- Not registered