CONCREDO
InactiveCONCREDO was declared bankrupt on 25-10-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 20-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-11-2021, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
122 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 77 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€43,306▼ 27.4%
2019 · €59,662
Total assets
€88,138▼ 2.8%
2019 · €90,641
Net result
-€16,356
2019 · €47,262
Working capital
€28,519▼ 47.1%
2019 · €53,904
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result€56,455--€11,442
Net result€47,262--€16,356
Equity€59,662-€43,306▼ 27.4%
Total assets€90,641-€88,138▼ 2.8%
Debt€30,979-€44,832▲ 44.7%
Working capital€53,904-€28,519▼ 47.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €11,442 after €56,455 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €88,138
Fixed assets
€14,787 ▲ 157%
Current assets
€73,351 ▼ 13.6%
Equity and liabilities €88,138
Equity
€43,306 ▼ 27.4%
Debt
€44,832 ▲ 44.7%
Debt's share of the balance-sheet total rises from 34.2% to 50.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,899▼
2019 · €59,357
Cash flow
-€12,814▼
2019 · €50,164
Current ratio
1.64▼
2019 · 2.74
ROE
-37.8%▼
2019 · 79.2%
ROA
-18.6%▼
2019 · 52.1%
Debt ≤ 1 year
€44,832▲
2019 · €30,979
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,902 | €3,542 | ▲ 22.1% |
| Gross operating margin9900 | €61,086 | -€7,336 | ▼ 112% |
| Operating profit (loss)9901 | €56,455 | -€11,442 | ▼ 120% |
| Recurring financial income75 | €1,083 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €10,276 | €4,915 | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €47,262 | -€16,356 | ▼ 135% |
| Profit (loss) for the period9904 | €47,262 | -€16,356 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | €47,262 | -€16,356 | ▼ 135% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €90,641 | €88,138 | ▼ 2.8% |
| Fixed assets21/28 | €5,758 | €14,787 | ▲ 157% |
| Tangible fixed assets22/27 | €5,758 | €14,596 | ▲ 153% |
| Financial fixed assets28 | - | €192 | - |
| Current assets29/58 | €84,883 | €73,351 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €80,527 | €10,007 | ▼ 87.6% |
| Cash at bank and in hand54/58 | €4,356 | €2,924 | ▼ 32.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €90,641 | €88,138 | ▼ 2.8% |
| Equity10/15 | €59,662 | €43,306 | ▼ 27.4% |
| Contributions10/11 | €12,400 | - | - |
| Reserves13 | - | €1,860 | - |
| Profit (loss) carried forward14 | €47,262 | €29,046 | ▼ 38.5% |
| Amounts payable17/49 | €30,979 | €44,832 | ▲ 44.7% |
| Amounts payable within one year42/48 | €30,979 | €44,832 | ▲ 44.7% |
| Trade debts44 | €30,979 | €44,832 | ▲ 44.7% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €47,262 | -€16,356 | ▼ 135% |
| + Depreciation and write-downs630 | €2,902 | €3,542 | ▲ 22.1% |
| Operating cash flow (approximation) | €50,164 | -€12,814 | ▼ 126% |
| Investment in fixed assets (approximation) | - | -€12,572 | - |
| Change in cash | - | -€1,433 | - |
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
2025
20-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 04-11-2025
2022
31-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 25-10-2022
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | HILDE DE BOEVER BRUSSELSESTEENWEG 346 C BUS 1,
9090 MELLE |
25-10-2022 → 04-11-2025 |