Credco
ActiveSummary
Credco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€58,948) and a net result of -€30,031. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1505 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1505 sector peers (2025).
NBB · sector comparisonPosition among 1505 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
56 d late
2024
28 d late
2023
58 d late
2022
73 d late
2021
89 d late
2020
54 d late
2019
151 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 73 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€58,948▼ 104%
2024 · -€28,917
Net result
-€30,031▼ 68.7%
2024 · -€17,801
Total assets
€87,391▼ 6.7%
2024 · €93,695
Solvency
-67.5%▼ 36.6pp
2024 · -30.9%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,097€13,049▲ 321%€5,269▼ 59.6%-€17,795-€27,014▼ 51.8%
Net result€2,987below the sector's middle half€9,122below the sector's middle half▲ 205%€3,801below the sector's middle half▼ 58.3%-€17,801below the sector's middle half-€30,031below the sector's middle half▼ 68.7%
Equity-€24,040below the sector's middle half▲ 11.1%-€14,918below the sector's middle half▲ 37.9%-€11,116below the sector's middle half▲ 25.5%-€28,917below the sector's middle half▼ 160%-€58,948below the sector's middle half▼ 104%
Total assets€1,403below the sector's middle half▼ 70.6%€13,310below the sector's middle half▲ 849%€35,817below the sector's middle half▲ 169%€93,695below the sector's middle half▲ 162%€87,391below the sector's middle half▼ 6.7%
Debt€25,442▼ 20.0%€28,227▲ 10.9%€46,934▲ 66.3%€122,612▲ 161%€146,339▲ 19.4%
Working capital-€24,040below the sector's middle half▲ 11.1%-€14,918within the sector's middle half▲ 37.9%-€10,385within the sector's middle half▲ 30.4%-€49,696below the sector's middle half▼ 379%-€120,884below the sector's middle half▼ 143%
Solvency-1713.5%below the sector's middle half▼ 1146.4pp-112.1%below the sector's middle half▲ 1601.4pp-31.0%below the sector's middle half▲ 81.0pp-30.9%below the sector's middle half▲ 0.2pp-67.5%below the sector's middle half▼ 36.6pp
Current ratio0.47below the sector's middle half0.78below the sector's middle half▲ 0.300.59below the sector's middle half▼ 0.180.17below the sector's middle half▼ 0.42
Return on assets (ROA)68.5%above the sector's middle half10.6%within the sector's middle half▼ 57.9pp-19.0%below the sector's middle half▼ 29.6pp-34.4%below the sector's middle half▼ 15.4pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,014 in 2025 against €17,795 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,391
Fixed assets
€61,936 ▲ 198%
Current assets
€25,455 ▼ 65.1%
Equity and liabilities
Equity-€58,948
Debt€146,339
Equity is negative: debt (€146,339) exceeds the balance-sheet total (€87,391).
Key figures and ratios
Debt ≤ 1 year
€146,339▲
2024 · €122,612
Income taxes
€56▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €421 | €6,281 | ▲ 1,393% |
| Other operating charges640/8 | €280 | €851 | €599 | €527 | €922 | ▲ 74.9% |
| Gross operating margin9900 | €3,377 | €13,900 | €5,868 | -€16,847 | -€19,811 | ▼ 17.6% |
| Operating profit (loss)9901 | €3,097 | €13,049 | €5,269 | -€17,795 | -€27,014 | ▼ 51.8% |
| Financial income75/76B | - | - | €953 | €2,029 | €192 | ▼ 90.5% |
| Recurring financial income75 | - | - | €953 | €2,029 | €192 | ▼ 90.5% |
| Financial charges65/66B | €110 | €116 | €103 | €2,035 | €3,152 | ▲ 54.9% |
| Recurring financial charges65 | €110 | €116 | €103 | €2,035 | €3,152 | ▲ 54.9% |
| Profit (loss) for the period before taxes9903 | €2,987 | €12,933 | €6,119 | -€17,801 | -€29,974 | ▼ 68.4% |
| Income taxes67/77 | - | €3,811 | €2,318 | €0 | €56 | - |
| Profit (loss) for the period9904 | €2,987 | €9,122 | €3,801 | -€17,801 | -€30,031 | ▼ 68.7% |
| Profit (loss) for the period to be appropriated9905 | €2,987 | €9,122 | €3,801 | -€17,801 | -€30,031 | ▼ 68.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,403 | €13,310 | €35,817 | €93,695 | €87,391 | ▼ 6.7% |
| Fixed assets21/28 | - | - | - | €20,779 | €61,936 | ▲ 198% |
| Tangible fixed assets22/27 | - | - | - | €20,779 | €61,936 | ▲ 198% |
| Land and buildings22 | - | - | - | €19,918 | €59,088 | ▲ 197% |
| Furniture and vehicles24 | - | - | - | €861 | €2,848 | ▲ 231% |
| Current assets29/58 | €1,403 | €13,310 | €35,817 | €72,915 | €25,455 | ▼ 65.1% |
| Amounts receivable within one year40/41 | - | €10,146 | €28,286 | €42,551 | €24,427 | ▼ 42.6% |
| Trade receivables40 | - | €9,525 | €13,862 | €15,625 | €9,869 | ▼ 36.8% |
| Other amounts receivable41 | - | €621 | €14,424 | €26,926 | €14,557 | ▼ 45.9% |
| Cash at bank and in hand54/58 | €908 | €2,740 | €7,098 | €29,960 | €1,029 | ▼ 96.6% |
| Deferred charges and accrued income490/1 | €494 | €424 | €433 | €404 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,403 | €13,310 | €35,817 | €93,695 | €87,391 | ▼ 6.7% |
| Equity10/15 | -€24,040 | -€14,918 | -€11,116 | -€28,917 | -€58,948 | ▼ 104% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €676 | €676 | €676 | €676 | €676 | = |
| Distributable reserves133 | €676 | €676 | €676 | €676 | €676 | = |
| Profit (loss) carried forward14 | -€43,307 | -€34,185 | -€30,384 | -€48,185 | -€78,216 | ▼ 62.3% |
| Amounts payable17/49 | €25,442 | €28,227 | €46,934 | €122,612 | €146,339 | ▲ 19.4% |
| Amounts payable within one year42/48 | €25,442 | €28,227 | €46,202 | €122,612 | €146,339 | ▲ 19.4% |
| Trade debts44 | €4,670 | €9,297 | €34,307 | €28,043 | €24,145 | ▼ 13.9% |
| Suppliers440/4 | €4,670 | €9,297 | €34,307 | €28,043 | €24,145 | ▼ 13.9% |
| Taxes, remuneration and social security45 | €56 | €3,926 | €4,758 | €2,433 | €119 | ▼ 95.1% |
| Taxes450/3 | €56 | €3,926 | €4,758 | €2,433 | €119 | ▼ 95.1% |
| Other amounts payable47/48 | €20,716 | €15,005 | €7,137 | €92,137 | €122,075 | ▲ 32.5% |
| Accrued charges and deferred income492/3 | - | - | €732 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,987 | €9,122 | €3,801 | -€17,801 | -€30,031 | ▼ 68.7% |
| + Depreciation and write-downs630 | - | - | - | €421 | €6,281 | ▲ 1,393% |
| Operating cash flow (approximation) | €2,987 | €9,122 | €3,801 | -€17,380 | -€23,749 | ▼ 36.6% |
| Investment in fixed assets (approximation) | - | - | - | - | -€47,438 | - |
| Change in cash | - | €1,831 | €4,359 | €22,862 | -€28,932 | ▼ 227% |
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
Next filing, fiscal year 2026, expected by
2026
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 56 days late
2025
31-12
Financial
Weakest financial yearnet -€30,031
Net result drops to -€30,031, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
2022
31-12
Financial
Highest result since 2019net €9,122 ▲205%
Operating result €13,049, net result €9,122, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Back to profitnet €2,987
Net result €2,987 after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1997
Ground area
120 m²
Building footprint
94 m²
Volume, LiDAR
2,034 m³
Parcel 11806F1248/00B006, Flanders · tallest building 28.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Credco
since 19972.082.501.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1248/00B006 | Flanders | 119 m² | 1 · 94 m² | 28.3 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
Argenta Coöperatieve
BE 0823.992.630
Antwerpen
BIRDVIEW ESTATES
BE 0736.465.768
Antwerpen
Carbo Consult
BE 1015.088.766
Antwerpen
CLIPPMER
BE 0802.699.051
Antwerpen
DIAM - IMMO
BE 0442.364.144
Antwerpen
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,506 companies in this sector we hold annual accounts for 923. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-06-1997
Fiscal year end31-12
Trade name NL
Credit Point
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460941228
Registered
16-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.