CREDECO
ActiveCREDECO has been active since 1956 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €49k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+1
Solvency57▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.29 in 2024; short-term debt: 61.1% and cash: 35.8% of total assets), and 68.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €135k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
49 d late
2023
14 d late
2022
3 d early
2021
2 d early
2020
29 d early
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49k▲ 9.4%
2024 · €45k
2019: €56k
2020: €22k
2021: €-50k
2022: €4k
2023: €-113k
2024: €45k
2019 → 2025
Working capital
€100k▲ 27.3%
2024 · €79k
2019: €214k
2020: €137k
2021: €152k
2022: €158k
2023: €43k
2024: €79k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€153k▲ 2.5%€40k▼ 73.8%€85k▲ 112%€135k▲ 57.9%
Operating result€-32k-€8k€-89k€45k€63k▲ 39.9%
Net result€-50k-€4k€-113k€45k€49k▲ 9.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €425k
Fixed assets
€65k▲ 0.5%
Current assets
€360k▲ 3.0%
Equity and liabilities €425k
Equity
€135k▲ 57.9%
Debt
€291k▼ 11.7%
The debt ratio falls from 79.4% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▲
2024 · €60k
Cash flow
€66k▲
2024 · €60k
Solvency
31.7%▲
2024 · 20.6%
Current ratio
1.38▲
2024 · 1.29
Quick ratio
1.23▲
2024 · 1.17
Debt / equity
2.16▼
2024 · 3.86
ROE
36.7%▼
2024 · 52.9%
ROA
11.6%▲
2024 · 10.9%
Interest coverage
8.23▲
2024 · 6.58
Debt
€291k▼
2024 · €329k
Debt ≤ 1 year
€260k▼
2024 · €271k
Debt > 1 year
€31k▼
2024 · €58k
Income taxes
€10k▲
2024 · €-2k
Staff costs
€255k▲
2024 · €193k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€415k€425k▲
Fixed assets21/28€65k€65k▲
Intangible fixed assets21€13k€7k▼
Tangible fixed assets22/27€51k€57k▲
Land and buildings22€4k€4k▼
Plant, machinery and equipment23€47k€51k▲
Furniture and vehicles24€368€2k▲
Financial fixed assets28€1k€1k=
Current assets29/58€350k€360k▲
Stocks and contracts in progress3€32k€40k▲
Stocks30/36€32k€40k▲
Amounts receivable within one year40/41€190k€166k▼
Trade receivables40€146k€128k▼
Other amounts receivable41€44k€38k▼
Cash at bank and in hand54/58€127k€152k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€415k€425k▲
Equity10/15€85k€135k▲
Contributions10/11€223k€223k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€-143k€-94k▲
Amounts payable17/49€329k€291k▼
Amounts payable after more than one year17€58k€31k▼
Financial debts170/4€58k€31k▼
Amounts payable within one year42/48€271k€260k▼
Current portion of amounts payable after more than one year42€26k€28k▲
Financial debts43€113€71▼
Credit institutions430/8€113€71▼
Trade debts44€126k€92k▼
Suppliers440/4€126k€92k▼
Taxes, remuneration and social security45€42k€88k▲
Taxes450/3€24k€41k▲
Remuneration and social security454/9€18k€47k▲
Other amounts payable47/48€77k€52k▼
Income statement
Code20242025
Remuneration, social security and pensions62€193k€255k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€17k▲
Other operating charges640/8€8k€2k▼
Gross operating margin9900€260k€337k▲
Operating profit (loss)9901€45k€63k▲
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€43k€60k▲
Income taxes67/77€-2k€10k▲
Profit (loss) for the period9904€45k€49k▲
Profit (loss) for the period to be appropriated9905€45k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-143k€-94k▲
Profit (loss) brought forward from the previous period14P€-188k€-143k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €100kEq €135k ▲57.9%
2 profitable years in a row build equity to €135k.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
31-03
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
31-03
Financial
Weakest financial yearnet €-113k ▼3152%
Net result drops to €-113k, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-03
Financial
Equity above €150kEq €153k ▲2.5%
Equity rises from €150k to €153k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Equity above €200kEq €200k ▲12.4%
2 profitable years in a row build equity to €200k.
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 1956
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vuurstraat 551190 VorstGround area
2,379 m²
Building footprint
835 m²
Volume, LiDAR
6,282 m³
Parcel 21007A0073/00A002, Brussels · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vuurstraat 55, 1190 Vorst
since 19562.006.069.668
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0073/00A002 | Brussels | 2,379 m² | 1 · 835 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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, comparable size
PIRSON' IMPRIMERIE
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A.S.
BE 0559.928.441
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Drukkerij Meyhui
BE 0445.999.862
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EXTRA BOLD
BE 0508.867.344
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MECADE
BE 0869.729.615
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Of 1,600 companies in sector 18120 we hold annual accounts for 808. 621 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-1956
Fiscal year end31-03
Activities, NACEBEL
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.