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CRAUSDENT

Active
Private limited companyfounded 2023active for 3 yearsAvenue du Roi Albert 21, 5590 Ciney, BelgiumKBO/BCE: BE 0802.653.224

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 29-01-2026 PDF all 2 filings

Turnover
≈ €51,000
Estimated: probably between €35,000 and €84,000
Total assets
€39,923▼ 57.4%
2024 · €93,807
Net result
-€14,619
2024 · €47,343
Working capital
€19,798▼ 56.1%
2024 · €45,104
Multi-year overview
2024 to 2025, 2 financial years
Operating result
-€12,230
2025
20242025
Net result
-€14,619
2025
lowest quarter of the sector
20242025
Equity
€35,723
▼ 29.0% 2025
middle half of the sector
20242025
Total assets
€39,923
▼ 57.4% 2025
lowest quarter of the sector
20242025
Debt
€4,200
▼ 90.3% 2025
20242025
Working capital
€19,798
▼ 56.1% 2025
middle half of the sector
20242025
Solvency
89.5%
▲ 35.8pp 2025
highest quarter of the sector
20242025
Current ratio
5.71
▲ 2.35 2025
middle half of the sector
20242025
Return on assets (ROA)
-36.6%
▼ 87.1pp 2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€61,516--€12,230
Net result€47,343within the sector's middle half--€14,619below the sector's middle half
Equity€50,343within the sector's middle half-€35,723within the sector's middle half▼ 29.0%
Total assets€93,807below the sector's middle half-€39,923below the sector's middle half▼ 57.4%
Debt€43,465-€4,200▼ 90.3%
Working capital€45,104within the sector's middle half-€19,798within the sector's middle half▼ 56.1%
Solvency53.7%within the sector's middle half-89.5%above the sector's middle half▲ 35.8pp
Current ratio3.36within the sector's middle half-5.71within the sector's middle half▲ 2.35
Return on assets (ROA)50.5%above the sector's middle half--36.6%below the sector's middle half▼ 87.1pp
above within below The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €12,230, after a profit of €61,516 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,923
Fixed assets €15,925 ▼ 46.2%
Current assets €23,998 ▼ 62.6%
Equity and liabilities €39,923
Equity €35,723 ▼ 29.0%
Debt €4,200 ▼ 90.3%
Debt's share of the balance-sheet total falls from 46.3% to 10.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,450▼
2024 · €76,789
Cash flow
€60▼
2024 · €62,616
Debt to equity
0.12▼
2024 · 0.86
ROE
-40.9%▼
2024 · 94.0%
Interest coverage
1.03▼
2024 · 37.52
Debt ≤ 1 year
€4,200▼
2024 · €19,098
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202430-06-2025
Tangible fixed assets€43,418€1,000
Intangible fixed assets€1,460-
Depreciation and write-downs of the year€15,273€14,679

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€93,807€39,923▼
Fixed assets21/28€29,605€15,925▼
Tangible fixed assets22/27€29,605€15,925▼
Plant, machinery and equipment23-€792
Furniture and vehicles24€29,605€15,133▼
Current assets29/58€64,203€23,998▼
Amounts receivable within one year40/41-€3,000
Other amounts receivable41-€3,000
Cash at bank and in hand54/58€63,789€20,822▼
Deferred charges and accrued income490/1€414€176▼
Equity and liabilities
Total equity and liabilities10/49€93,807€39,923▼
Equity10/15€50,343€35,723▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€47,343€32,723▼
Amounts payable17/49€43,465€4,200▼
Amounts payable after more than one year17€24,366-
Financial debts170/4€24,366-
Amounts payable within one year42/48€19,098€4,200▼
Current portion of amounts payable after more than one year42€10,131-
Trade debts44€336-
Suppliers440/4€336-
Taxes, remuneration and social security45€8,631€4,131▼
Taxes450/3€5,631€4,131▼
Remuneration and social security454/9€3,000-
Other amounts payable47/48-€69
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,273€14,679▼
Other operating charges640/8€1,267€5,588▲
Gross operating margin9900€78,056€8,038▼
Operating profit (loss)9901€61,516-€12,230▼
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€2,047€2,390▲
Recurring financial charges65€2,047€2,390▲
Profit (loss) for the period before taxes9903€59,473-€14,619▼
Income taxes67/77€12,131-
Profit (loss) for the period9904€47,343-€14,619▼
Profit (loss) for the period to be appropriated9905€47,343-€14,619▼
Appropriation of the result
Profit (loss) to be appropriated9906€47,343€32,723▼
Profit (loss) brought forward from the previous period14P-€47,343

The notes to these accounts have 7 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 29-01-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,273€14,679▼ 3.9%
Other operating charges640/8€1,267€5,588▲ 341%
Gross operating margin9900€78,056€8,038▼ 89.7%
Operating profit (loss)9901€61,516-€12,230-
Financial income75/76B€5--
Recurring financial income75€5--
Financial charges65/66B€2,047€2,390▲ 16.7%
Recurring financial charges65€2,047€2,390▲ 16.7%
Profit (loss) for the period before taxes9903€59,473-€14,619-
Income taxes67/77€12,131--
Profit (loss) for the period9904€47,343-€14,619-
Profit (loss) for the period to be appropriated9905€47,343-€14,619-
Line20242025Change
Assets
Total assets20/58€93,807€39,923▼ 57.4%
Fixed assets21/28€29,605€15,925▼ 46.2%
Tangible fixed assets22/27€29,605€15,925▼ 46.2%
Plant, machinery and equipment23-€792-
Furniture and vehicles24€29,605€15,133▼ 48.9%
Current assets29/58€64,203€23,998▼ 62.6%
Amounts receivable within one year40/41-€3,000-
Other amounts receivable41-€3,000-
Cash at bank and in hand54/58€63,789€20,822▼ 67.4%
Deferred charges and accrued income490/1€414€176▼ 57.5%
Equity and liabilities
Total equity and liabilities10/49€93,807€39,923▼ 57.4%
Equity10/15€50,343€35,723▼ 29.0%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€47,343€32,723▼ 30.9%
Amounts payable17/49€43,465€4,200▼ 90.3%
Amounts payable after more than one year17€24,366--
Financial debts170/4€24,366--
Amounts payable within one year42/48€19,098€4,200▼ 78.0%
Current portion of amounts payable after more than one year42€10,131--
Trade debts44€336--
Suppliers440/4€336--
Taxes, remuneration and social security45€8,631€4,131▼ 52.1%
Taxes450/3€5,631€4,131▼ 26.6%
Remuneration and social security454/9€3,000--
Other amounts payable47/48-€69-
Line20242025Change
Profit (loss) for the period9904€47,343-€14,619-
+ Depreciation and write-downs630€15,273€14,679▼ 3.9%
Operating cash flow (approximation)€62,616€60▼ 99.9%
Investment in fixed assets (approximation)--€1,000-
Change in cash--€42,966-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 3,223 companies had the same profile as CRAUSDENT has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
87.8% was still going
8.7% stopped otherwise
3.4% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of CRAUSDENT itself is lower: < 0.1% within 12 months. It rests on far more data about CRAUSDENT than the profile alone.

Test of the method

The method was tested on the 497,446 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 3,223 companies, not a prediction for CRAUSDENT. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-06-2025 micro format 29-01-2026 2026-00018984 PDF
30-06-2024 micro format 30-12-2024 2024-00628027 PDF

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