Equity
€652,503 from €1.7m in 2024
Equity fell by 61% in 1 year.
CREADES
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €2.3m (2024)
€1.9m▼ 19.0%
lowest -€58,739 (2014)
€226,557▼ 56.7%
peak €1.7m (2024)
€652,503▼ 61.3%
€1.6m▲ 123%
peak 40 FTE (2009)
23.9 FTE▼ 2.8%
Board2 names since 2009
1 director
Owners2 names in the annual accounts
65.45%
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €2.3m to €1.9mResult from €522,874 to €226,557Transfer of 1,313 shares from to CREADES 02-04Dividend €215,000Equity from €1.7m to €652,503Debts from €737,426 to €1.6m
Key points
from the 2025 annual accountsTurnover
≈ €3.2m estimated
The abbreviated format states no turnover.
Debts
€1.6m ▲ 123%
Debts rose by €908,704 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Staff
23.9 FTE from 40 in 2009
Between 2009 and 2025, 40% of the full-time equivalents disappeared.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 0 to 30 days before the end of the period.
Position in the sector
€226,557
Higher net result than 84% of companies in food products. Sector median €33,032 · 1,013 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as CREADES has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,448 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 2,613 companies, not a prediction for CREADES. 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
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Signals
Board and ownership
Director, , since 05-10-2009
- 65.45%equity €1.2m (2025) · 2025 annual accounts of
- 34.55%score equity €677,382 (2025) · 2024 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443544574
Transfer of 1,313 shares from to CREADES
Cancellation of 1,313 shares · Permanent representatives: and · Resignation: (director) · General meeting of 27-03-2025 · Gazette deed
2 directors appointed
(statutory director) and (statutory director) · Permanent representatives: and · General meeting of 28-12-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Verbouwen / Wijzigen Infrastructuur · Beernem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CREADES Beernem | €2.3m | €1.9m | 28.4% | 23.9 |
| CONFIDAS Ghent | €2.2m | €1.9m | 76.8% | 19.9 |
| Mary Ganshoren | €2.6m | €1.5m | 40.6% | 18.2 |
| GENERAL WAFFLE MANUFACTORY Berchem-Sainte-Agathe | €3.7m | €2.1m | 48.2% | 18.3 |
| VIAGOS Fosses-la-Ville | €1.7m | €1.3m | 28.8% | 17.9 |
| CHOCOLATERIE DUMON Torhout | €1.6m | €1.3m | 44.2% | 17.5 |
| NOBLE CHOCOLATES Veurne | €2.4m | €1.4m | -51.6% | 14.3 |
These companies have the same main activity as CREADES: manufacture of cocoa, chocolate and sugar confectionery (NACE 10820). They are comparable in size and age: total assets between €1.6m and €3.7m, founded between 1982 and 1999.
Official details
Source: KBO- Status
- Active since 20-03-1991Normal situation
- Activity
- Manufacture of cocoa, chocolate and sugar confectioneryNACE 10820and 2 others
- Joint committee
- 220White-collar workers in the food industry · annual accounts 2025
- Establishment unit
- 2.052.149.6188730 Beernem, since 02-04-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €2.3m▼ 5.1%
- Employeeson 31-12-2025
- 24▼ 11.1%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on CREADES
CREADES files the abbreviated format. That format states no turnover. The gross margin rose from €1.5m in 2006 to €1.9m in 2025.
holds 65.45% of the shares.
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 CREADES
- What is the company number of CREADES?
- The company number of CREADES is 0443.544.574. The VAT number is the same number with BE in front: BE 0443.544.574.
- Where is CREADES based?
- The registered office is at Sint-Jorisstraat 86, 8730 Beernem.Company details
- What does CREADES do?
- According to the KBO register, the main activity is manufacture of cocoa, chocolate and sugar confectionery (NACE 10820).
- What is the legal form of CREADES?
- CREADES is a private limited company (BV).
- When was CREADES founded?
- CREADES was founded on 20-03-1991.
- Is CREADES still active?
- Yes, CREADES is an active enterprise in the KBO register.
- How many employees does CREADES have?
- CREADES had an average of 23.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CREADES fall under?
- In its 2025 annual accounts, CREADES states joint committee 220 (White-collar workers in the food industry).
- What is the turnover of CREADES?
- The turnover in financial year 2025 is ≈ €3.2m. This figure is estimated from the gross margin of €1.9m and 1,585 comparable companies of the same size. It probably lies between €2.2m and €5.3m. It is a rough estimate.
- Is CREADES profitable?
- In financial year 2025, CREADES made a profit of €226,557.
- Where can I find the annual accounts of CREADES?
- CREADES filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CREADES due?
- CREADES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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