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Conrad

Active Private limited companyfounded 2015active for 11 yearsSlabbaardstraat-Noord 55, 8870 IzegemKBO/BCE: BE 0597.979.264
Conrad
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Overview

Lifetime

10 annual accounts with figures on one time axis
peak €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 accounts

Equity

€51,924 from €116,757 in 2020

Equity fell by 56% in 5 years.

Result

-€42,162 -€42,162
€23,0002024-€42,2002025

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 strength
Weak

34-5equity 8.7% of total assets
27-14short-term debt 51.2% · cash 2.6%
10-63return on assets -7.0%

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
  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €598,699
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Loss of €42,162 (financial year 2025)
NBB · annual accounts
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 comparison
Position 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 filings
Deviation 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 months
Where today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PK
Parrein Koenraad
Director, since 12-02-2015
Board & ownership

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
All 19 events

Comparable companies

same main activity, similar in size and age
Company
Conrad Izegem €598,699 -€2,496 8.7% 0
Nieuwpoort-Bad Roeselare €531,520 -€4,146 -7.3% 0
CEDRUS Zele €829,380 -€12,687 96.0% 0
H3+ Tielt €576,626 -€11,910 96.5% 0
ATLAN Charleroi €363,548 -€102,203 91.4% 1
COOP Roeselare €354,540 €2,217 87.1% 0
K-MILL Aalst €878,930 -€7,641 76.4% 0

These 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
Company details

Annual accounts to 30-06-2025

-€2,496
€42,162
€51,924▼ 44.8%
€598,699▼ 8.8%
Filing
Filed on 21-01-2026, 10 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

abbreviated format, filed on 21-01-2026, 10 days before the deadline
-€2,496
▼ €74,523
-€30,368
▼ €63,938
-€42,162
▼ €65,212
-€279,051
▼ €54,914
8.7%
▼ 5.7 percentage points
0.09
▼ 0.14

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €598,699 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

8.7%

Higher than 14% of 10,847 companies in 2025.

0.09

Higher than 6% of 10,470 companies in 2025.

-7.0%

Higher than 9% of 10,717 companies in 2025.

Conrad Middle half of the sector 80% of the sector Abbreviated accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 598,699656,550627,335641,013676,442690,100722,262675,723179,008120,509
21/28 570,958589,419600,468633,582666,996678,829621,743580,92415,26921,534
22/27 570,958589,419600,468633,582666,996678,829621,743580,92415,26921,534
22 567,761588,273591,683616,417641,087645,545617,132570,257--
23 2,7694036448851,126-----
24 4287438,14016,28024,78233,2844,61110,66815,26921,534
29/58 27,74167,13126,8677,4319,44611,271100,51994,799163,73998,975
40/41 1,6261,0961,2821,7892,2991,15290,54086,01645,37572,600
40 831-----90,54086,01645,37572,600
41 7951,0961,2821,7892,2991,152----
54/58 15,64264,58524,1884,4006,0479,1429,9798,783118,36426,375
490/1 10,4731,4491,3971,2421,100976----
Balance sheet: equity and liabilities
10/49 598,699656,550627,335641,013676,442690,100722,262675,723179,008120,509
10/15 51,92494,08571,03554,36376,012116,75789,91238,20658,34920,600
10/11 6,2006,2006,2006,2006,200-6,2006,2006,2006,200
100 ------18,60018,60018,60018,600
101 ------12,40012,40012,40012,400
11 -----6,200----
1100/10 -----6,200----
13 87,88587,88578,99478,99478,99478,99452,14952,14952,14914,400
130 -----1,8601,8601,8601,860720
133 87,88587,88578,99478,99478,99477,13450,28950,28950,28913,680
14 -42,1620-14,158-30,831-9,18231,56331,563-20,143--
17/49 546,775562,465556,300586,651600,430573,343632,350637,518120,66099,909
17 232,880266,323299,335334,269375,764416,746427,176458,1124,16310,409
170/4 232,880266,323299,335334,269375,764416,746427,176458,1124,16310,409
42/48 306,792291,268254,309249,288219,947152,910135,17479,40646,49629,500
42 33,44433,01234,93441,49540,98240,47530,93634,7006,2456,245
44 3131,5541,5091,3961,3722,4645,7281,2982,219203
440/4 3131,5541,5091,3961,3722,4645,7281,2982,219203
46 -012,100-------
45 3,2824,5403,2632,9557,9542,33326,24127,58238,03223,052
450/3 9274,5403,2632,9555,0542,33326,24127,58238,03223,052
454/9 2,355--02,900-----
47/48 269,753252,162202,503203,443169,639107,63972,27015,827--
492/3 7,1034,8732,6563,0944,7203,68770,000100,00070,00060,000
Income statement
76A 15,500---05,507----
9900 -2,49672,02760,16823,7224,68184,094103,17771,27567,03332,650
62 -4682,553--------
630 26,55433,52533,11433,41432,92534,29032,29787,3416,2658,650
640/8 1,7862,3792,4683,3061,8112,0661,8135606291,030
9901 -30,36833,57024,586-12,998-30,05547,73869,067-16,62560,14022,969
75/76B ----0--2--
75 -------2--
76B ----0-----
65/66B 11,5899,4177,6968,44010,48910,0437,1503,353416680
65 11,5899,4177,6968,44010,48910,0437,1503,353416680
9903 -41,95724,15416,890-21,438-40,54437,69561,918-19,97659,72422,290
67/77 2051,10421821120110,85110,21216721,9757,889
9904 -42,16223,05016,672-21,649-40,74526,84551,706-20,14337,74914,400
9905 -42,16223,05016,672-21,649-40,74526,84551,706-20,14337,74914,400
Appropriation of the result
9906 -42,1628,892-14,158-30,831-9,18258,40831,563-20,14337,74914,400
14P 0-14,158-30,831-9,182------
691/2 08,892--026,845--37,74914,400
6920 --------1,140720
6921 08,892--026,845--36,60913,680
Social balance sheet
9087 000-------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 21-01-2026 2026-00011058 PDF
30-06-2024 abbreviated format 30-01-2025 2025-00016077 PDF
30-06-2023 abbreviated format 21-12-2023 2023-00536281 PDF
30-06-2022 abbreviated format 25-01-2023 2023-00006683 PDF
30-06-2021 abbreviated format 31-01-2022 2022-04600387 PDF
30-06-2020 abbreviated format 25-01-2021 2021-02600059 PDF
30-06-2019 abbreviated format 30-01-2020 2020-03800103 PDF
30-06-2018 abbreviated format 31-01-2019 2019-03700138 PDF
30-06-2017 abbreviated format 23-01-2018 2018-02700456 PDF
30-06-2016 abbreviated format 23-12-2016 2016-71500368 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
-3,81467,09557,70120,4162,87082,028101,36470,71666,40431,620
-15,60856,57549,78711,765-7,82061,13584,00367,19844,01323,050
8,09322,4760021,09294,79473,116652,996030,184
-48,94440,39719,788-1,648-3,095-8371,196-109,58191,989-
-279,051-224,137-227,441-241,856-210,501-141,639-34,65515,393117,24369,475
8.7%14.3%11.3%8.5%11.2%16.9%12.4%5.7%32.6%17.1%
0.090.230.110.030.040.070.741.193.523.36
10.535.987.8310.797.904.917.0316.692.074.85
-81.2%24.5%23.5%-39.8%-53.6%23.0%57.5%-52.7%64.7%69.9%
-7.0%3.5%2.7%-3.4%-6.0%3.9%7.2%-3.0%21.1%11.9%
-0.337.137.502.42------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
Mortgages, amount registered€450,000€450,000€450,000€450,000
Carrying value of the mortgaged assets€567,761€588,273€591,683€616,417

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€8,093€22,476--
€26,554€33,525€33,114€33,414

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on Conrad

The operating result for 2025 is a loss of €30,368, after a profit of €33,570 in 2024. It is the lowest result since 2016.

Debt's share of the balance-sheet total rises from 85.7% to 91.3%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2024
Parrein Koenraad
Director
since 12-02-2015
listed in the 2025 annual accounts, filed on 21-01-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Parrein Koenraad
Director
XPA TAX CONSULTING
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Parrein Koenraad
    • Director, from 12-02-2015 to date
  • XPA TAX CONSULTING
    • Director, from before 06-06-2024, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Network & group

No group

Conrad has no parent and no holdings in its annual accounts. Parrein Koenraad is the only director. Conrad shares no director with another company.

Timeline

Timeline

19 events since 2015

Deadline for the 2026 accounts: 31-01-2027

2026
Registered office moved from Roeselare to IzegemNew registered office: Slabbaardstraat-Noord 55, 8870 Izegem · Previous registered office: Kwadestraat 155 3.1 8800 Roeselare België · Board meeting of 28-05-20262 points ▸
  • Board meeting, 28-05-2026
  • Registered-office move, Slabbaardstraat-Noord 55, 8870 Izegem
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFabbreviated format · 10 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0597979264
Weakest financial year net -€42,162 The net result drops to -€42,162, the lowest from 2016 to 2025.
Annual accounts 2024 filed PDFabbreviated format · 1 day before the deadline
2024
Registered office moved within RoeselareNew 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 11-03-20243 points ▸
  • Board meeting, 11-03-2024
  • Registered-office move, Kwadestraat 155 bus 3.1, 8800 Roeselare
  • Permanent representative, Xavier Pattyn

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFabbreviated format · 41 days before the deadline
Back to profit net €16,672 The net result is €16,672, after 2 loss-making years.
Annual accounts 2022 filed PDFabbreviated format · 6 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · on the deadline day
2021
Annual accounts 2020 filed PDFabbreviated format · 6 days before the deadline
2020
Equity above €100,000 equity €116,757 ▲29.9% After 2 profitable years in a row, equity reaches €116,757.
Annual accounts 2019 filed PDFabbreviated format · 1 day before the deadline
2019
Back to profit net €51,706 The net result is €51,706, after one loss-making year.
Annual accounts 2018 filed PDFabbreviated format · on the deadline day
2018
Annual accounts 2017 filed PDFabbreviated format · 8 days before the deadline
2016
Annual accounts 2016 filed PDFabbreviated format · 39 days before the deadline
2015
Incorporation PDFpublished on 17-02-2015
First establishment Kwadestraat 155, Roeselare

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 13 February 2015, Conrad was incorporated.1 The registered office moved to Roeselare in 2024 and to Izegem in 2026.23 Total assets went from €722,262 in 2019 to €598,699 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 06-06-2024
  3. 3Belgian Official Gazette, 06-07-2026
  4. 4National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0597.979.264
VAT number
BE 0597.979.264
Peppol ID
0208:0597979264
Other Peppol ID
9925:BE0597979264
Legal form
Private limited company
Status
Active, normal situation
Founded
13-02-2015
Financial year
ends on 30 June
Peppol
Reachable since 21-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Conrad in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
70100 Activities of head offices main activity
Codes under NACEBEL 2008
70100 Activities of head offices main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Slabbaardstraat-Noord 55 registered office 8870 Izegem
Kwadestraat 155 8800 Roeselare 7010001 Activities of head offices 13-02-2015 2.239.418.115
1 former office
  • Kwadestraat 155 3.1, 8800 Roeselare until 28-05-2026 · deed of 06-07-2026

Buildings and parcels at the addresses

Ground area
9,279 m²
Buildings
973 m²
Volume, LiDAR
1,236 m³
Tallest building
12.6 m
Buildings to scale, each on its own parcel
828 m², 0.6 m 145 m², 12.6 m 828 m², 0.6 m 145 m², 12.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
36017A1278/00X0037,646 m² 1 · 828 m² 0.6 m
36008C0187/00F0001,633 m² 1 · 145 m² 12.6 m · 3

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