ACTIVE

STRUVAY

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Financial year 2025 · closed on 31/12/2025

Net result

30,7 k €

+181.2% YoY

Gross margin

240,9 k €

+9.1% YoY

Equity

225,2 k €

+15.8% YoY

Workforce

4,6 ETP

-2.1% YoY

What does STRUVAY do?

STRUVAY is a Private limited company incorporated in 1971. Its registered office is in Herstal. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0411.937.620

Incorporation

01/12/1971

Legal form

Private limited company

Registered office

Rue E. Lerousseau 32/34
4042 Herstal · WallonieSee on map

Contributed capital

100,00 €

Latest accounts

31/12/2025

Average workforce

4,6 ETP

Joint committees (3)

14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	240,9 k €	+9.1%	220,8 k €	-34.3%	336,2 k €	-2.5%	344,8 k €	+38.1%	249,7 k €	+65.1%	151,2 k €	-20.9%	191,1 k €	+100%	95,5 k €	+16.2%	82,1 k €	-35.8%	128,0 k €	-16.1%	152,5 k €	+36.4%	111,8 k €	-51.7%	231,5 k €	+5.2%	220,0 k €	+39.3%	158,0 k €	+5.4%	150,0 k €	+169%	55,7 k €	-63.6%	153,3 k €	+87.1%	81,9 k €	+7.6%	76,2 k €
EBITDA	72,1 k €	+4713%	1,5 k €	-98.9%	130,7 k €	-38.5%	212,4 k €	+85.1%	114,8 k €	+91.8%	59,8 k €	-0.5%	60,2 k €	+168%	-89,0 k €	-36.2%	-65,3 k €	-1765%	3,9 k €	-72.4%	14,2 k €	+129%	-48,2 k €	-291%	25,3 k €	-63.6%	69,4 k €	+16.5%	59,6 k €	-1.7%	60,6 k €	+723%	-9,7 k €	-116%	62,0 k €	+392%	12,6 k €	+95.5%	6,4 k €
Operating result	32,9 k €	+208%	-30,5 k €	-129%	105,5 k €	-45.8%	194,6 k €	+81.8%	107,1 k €	+143%	44,0 k €	+15.3%	38,2 k €	+137%	-102,0 k €	-29.6%	-78,7 k €	-412%	-15,4 k €	-2104%	767,3 €	+101%	-72,6 k €	-2172%	-3,2 k €	-110%	31,2 k €	+114%	14,6 k €	-42.3%	25,3 k €	+236%	-18,5 k €	-2382%	811,9 €	+126%	-3,1 k €	+92.1%	-38,8 k €
Net result	30,7 k €	+181%	-37,8 k €	-146%	81,8 k €	-41.9%	140,7 k €	+39.3%	101,0 k €	+129%	44,2 k €	+18.3%	37,3 k €	+137%	-101,3 k €	-39.9%	-72,4 k €	-508%	-11,9 k €	-268%	7,1 k €	-27.4%	9,7 k €	-1.5%	9,9 k €	-77.1%	43,1 k €	+8.3%	39,8 k €	+62.1%	24,6 k €	+549%	3,8 k €	-87.7%	30,8 k €	+139%	12,9 k €	+23.3%	10,4 k €
Balance sheet
Equity	225,2 k €	+15.8%	194,5 k €	-16.3%	232,4 k €	+20.0%	193,6 k €	+89.1%	102,4 k €	-67.1%	311,4 k €	+16.5%	267,2 k €	+16.2%	229,9 k €	-30.6%	331,3 k €	-17.9%	403,7 k €	-2.9%	415,6 k €	+1.7%	408,5 k €	+2.4%	398,8 k €	-6.5%	426,4 k €	+7.1%	398,3 k €	+6.6%	373,4 k €	+7.0%	348,9 k €	+1.1%	345,1 k €	+8.1%	319,3 k €	+4.2%	306,5 k €
Total assets	490,6 k €	-4.0%	511,0 k €	-15.9%	607,7 k €	+38.4%	439,2 k €	+19.4%	367,8 k €	-9.5%	406,6 k €	+4.8%	387,9 k €	-12.3%	442,3 k €	-3.4%	458,0 k €	+2.9%	445,1 k €	-3.6%	461,8 k €	-1.5%	468,7 k €	-16.3%	560,0 k €	-18.6%	687,8 k €	+15.3%	596,8 k €	+19.3%	500,1 k €	+0.1%	499,7 k €	-7.4%	539,5 k €	+19.8%	450,2 k €	+4.2%	432,0 k €
Cash	15,4 k €	+11.4%	13,9 k €	-82.2%	77,8 k €	+85.5%	41,9 k €	-50.8%	85,3 k €	-26.2%	115,5 k €	+18.9%	97,1 k €	-6.9%	104,4 k €	+115%	48,6 k €	-35.4%	75,2 k €	-44.6%	135,6 k €	+54.0%	88,0 k €	-44.5%	158,8 k €	+6.6%	148,9 k €	-14.6%	174,4 k €	+105%	85,2 k €	-8.2%	92,8 k €	-38.2%	150,2 k €	+147%	60,7 k €	-27.3%	83,5 k €
Debts	265,4 k €	-16.1%	316,5 k €	-14.5%	369,9 k €	+50.6%	245,6 k €	-7.5%	265,5 k €	+179%	95,2 k €	-21.1%	120,7 k €	-41.9%	207,8 k €	+64.0%	126,7 k €	+206%	41,4 k €	-10.4%	46,2 k €	-23.2%	60,2 k €	-62.6%	161,2 k €	-35.2%	248,7 k €	+38.4%	179,7 k €	+57.5%	114,1 k €	-17.6%	138,5 k €	-19.6%	172,2 k €	+49.6%	115,1 k €	+4.3%	110,4 k €
Other
Workforce	4,6 ETP	-2.1%	4,7 ETP	+23.7%	3,8 ETP	+18.7%	3,2 ETP	0.0%	3,2 ETP	+52.4%	2,1 ETP	-25.0%	2,8 ETP	-30.0%	4,0 ETP	+5.3%	3,8 ETP	+8.6%	3,5 ETP	-5.4%	3,7 ETP	-7.5%	4,0 ETP	-14.9%	4,7 ETP	+11.9%	4,2 ETP	+110%	2,0 ETP	+17.6%	1,7 ETP	0.0%	1,7 ETP	0.0%	1,7 ETP	0.0%	1,7 ETP	-34.6%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Thierry STRUVAY

Director · since 14 septembre 2021

Active

André STRUVAY

Director

Active

Ended mandates

André STRUVAY

Manager

Ended

Georges STRUVAY

Director

Ended

Georges STRUVAY

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	30/07/2025	29/08/2024	19/12/2023	01/07/2022	19/06/2021
General meeting	30/06/2026	30/06/2025	26/06/2024	28/06/2023	22/06/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	29/08/2024	French	PDF
Abridged modelCorrection	31/12/2022	28/06/2023	19/12/2023	French	PDF
Abridged model	31/12/2022	28/06/2023	30/06/2023	French	PDF
Abridged model	31/12/2021	22/06/2022	01/07/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	19/06/2021	French	PDF
Abridged model	31/12/2019	03/08/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	30/08/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	30/08/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	13/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Thierry STRUVAY

Director · since 14 septembre 2021

Active

André STRUVAY

Director

Active

Ended mandates

André STRUVAY

Manager

Ended

Georges STRUVAY

Director

Ended

Georges STRUVAY

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2021
MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Capital / shares08/01/2014
CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202530,7 k €↑
2024
Annual accounts 2024-37,8 k €↓
2023
Annual accounts 202381,8 k €↓
2022
Annual accounts 2022140,7 k €↑
2021
Annual accounts 2021101,0 k €↑
2020
Annual accounts 202044,2 k €↑
2019
Annual accounts 201937,3 k €↑
2018
Annual accounts 2018-101,3 k €↓
2017
Annual accounts 2017-72,4 k €↓
2016
Annual accounts 2016-11,9 k €↓
2015
Annual accounts 20157,1 k €↓
2014
Annual accounts 20149,7 k €↓
2013
Annual accounts 20139,9 k €↓
2012
Annual accounts 201243,1 k €↑
2011
Annual accounts 201139,8 k €↑
2010
Annual accounts 201024,6 k €↑
2009
Annual accounts 20093,8 k €↓
2008
Annual accounts 200830,8 k €↑
2007
Annual accounts 200712,9 k €↑
2006
Annual accounts 200610,4 k €
01/12/1971
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

STRUVAY

Overview

What does STRUVAY do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline