Equity
€51,924 from €116,757 in 2020
Equity fell by 56% in 5 years.
Conrad
Lifetime
10 annual accounts with figures on one time axispeak €103,177 (2019)
-€2,496▼ €74,523
lowest -€42,162 (2025)
-€42,162▼ €65,212
peak €116,757 (2020)
€51,924▼ 44.8%
€546,775▼ 2.8%
peak 0 FTE (2023)
0 FTE
Board2 names since 2015
1 directorParrein Koenraad
Documentsfilings and deeds
21-01-202610 days before the deadline
2025abbreviated format
Gross margin from €72,027 to -€2,496Loss of €42,162Equity from €94,085 to €51,924Cash from €64,585 to €15,642
Key points
from the 2025 annual accountsResult
-€42,162 -€42,162
From profit to loss in 2025, after a profit of €23,050 in 2024.
Debts
€546,775 91% of the balance sheet
Financial debts 43%Suppliers 0%Taxes and wages 1%Other 57%
Of this, €306,792 falls due within a year.
Turnover not published (abbreviated format)
Checked score
68
Healthy
Financially stronger than 13% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.2%▼ -0.4 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.3%▲ +0.1 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.4%▲ +0.1 percentage points vs 12-2025
02-2026: 0.6%▲ +0.2 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.4 percentage points vs 06-2026lowest value
08-2026: 0.6%▲ +0.4 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €42,162 (financial year 2025)
lowers risk
Size: total assets €598,699
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 16% of them on solvency, 12% on liquidity, 11% on profitability and 14% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 912 companies had the same profile as Conrad has now. Each dot stands for 3 companies, two years later.
95.3%
were still trading
2.1%
stopped another way
2.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Conrad itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 912 companies, not a prediction for Conrad. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.23 in 2024), below 1. Short-term debt is 51.2% and cash 2.6% of total assets. 91.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10847 sector peers (2025).
NBB · sector comparisonPosition among 10847 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 days early
2024
1 day early
2023
41 days early
2022
6 days early
2021
on the day
2020
6 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 25 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Recent changes
Registered office moved from Roeselare to Izegem
New registered office: Slabbaardstraat-Noord 55, 8870 Izegem · Previous registered office: Kwadestraat 155 3.1 8800 Roeselare België · Board meeting of 28-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0597979264
Registered office moved within Roeselare
New registered office: Kwadestraat 155 bus 3.1, 8800 Roeselare · Previous registered office: Kwadestraat 153 bus 0.3, 8800 Roeselare · Permanent representative: Xavier Pattyn · Board meeting of 11-03-2024 · Gazette deed
Incorporation
published on 17-02-2015 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Conrad: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €355,000 and €879,000, founded between 2003 and 2015.
Official details
Source: KBO- Status
- Active since 13-02-2015Normal situation
- Activity
- Activities of head officesNACE 70100
- Establishment unit
- 2.239.418.1158800 Roeselare, since 13-02-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 21-11-2025
Annual accounts to 30-06-2025
- €598,699▼ 8.8%
- Filing
- Filed on 21-01-2026, 10 days before the end of the filing period
Insights on Conrad
Conrad files the abbreviated format. That format states no turnover. The gross margin fell from €32,650 in 2016 to -€2,496 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Conrad
- What is the company number of Conrad?
- The company number of Conrad is 0597.979.264. The VAT number is the same number with BE in front: BE 0597.979.264.
- Where is Conrad based?
- The registered office is at Slabbaardstraat-Noord 55, 8870 Izegem.Company details
- What does Conrad do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of Conrad?
- Conrad is a private limited company (BV).
- When was Conrad founded?
- Conrad was founded on 13-02-2015.
- Is Conrad still active?
- Yes, Conrad is an active enterprise in the KBO register.
- What is the turnover of Conrad?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Conrad profitable?
- In financial year 2025, Conrad made a loss of €42,162.
- Where can I find the annual accounts of Conrad?
- Conrad filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Conrad due?
- Conrad must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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