CreDeCon
ActiveSummary
The computed 12-month bankruptcy probability of CreDeCon is 2.7% (moderate). For CreDeCon, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€19,437) and a net result of €3,049. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 672 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability60▲+60
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-40.4%
Return on assets
6.3%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
92 d late
2021
75 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€19,437▲ 13.6%
2022 · -€22,486
Total assets
€48,156▲ 71.9%
2022 · €28,015
Net result
€3,049
2022 · -€6,851
Working capital
-€15,926▲ 17.4%
2022 · -€19,290
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result-€17,261--€5,670▲ 67.2%€4,110
Net result-€17,635below the sector's middle half--€6,851below the sector's middle half▲ 61.2%€3,049within the sector's middle half
Equity-€15,635below the sector's middle half--€22,486below the sector's middle half▼ 43.8%-€19,437below the sector's middle half▲ 13.6%
Total assets€8,493below the sector's middle half-€28,015below the sector's middle half▲ 230%€48,156below the sector's middle half▲ 71.9%
Debt€24,128-€50,501▲ 109%€67,593▲ 33.8%
Working capital-€21,508--€19,290▲ 10.3%-€15,926▲ 17.4%
Solvency-184.1%below the sector's middle half--80.3%below the sector's middle half▲ 103.8pp-40.4%below the sector's middle half▲ 39.9pp
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €4,110 after a loss of €5,670 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €48,156
Fixed assets
€5,353 ▼ 5.6%
Current assets
€42,803 ▲ 91.5%
Key figures and ratios
EBITDA
€4,425▲
2022 · -€5,355
Cash flow
€3,364▲
2022 · -€6,536
Current ratio
0.73▲
2022 · 0.54
Debt to equity
-3.48▼
2022 · -2.25
ROA
6.3%▲
2022 · -24.5%
Interest coverage
4.02▲
2022 · -4.38
Debt ≤ 1 year
€58,729▲
2022 · €41,637
Debt > 1 year
€8,864=
2022 · €8,864
Income taxes
-€41▲
2022 · -€43
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €420 | €315 | €315 | = |
| Other operating charges640/8 | €1,399 | €1,038 | €852 | ▼ 17.9% |
| Gross operating margin9900 | -€15,442 | -€4,317 | €5,277 | ▲ 222% |
| Operating profit (loss)9901 | -€17,261 | -€5,670 | €4,110 | ▲ 172% |
| Financial charges65/66B | €331 | €1,224 | €1,102 | ▼ 10.0% |
| Recurring financial charges65 | €331 | €1,224 | €1,102 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€17,592 | -€6,894 | €3,008 | ▲ 144% |
| Income taxes67/77 | €43 | -€43 | -€41 | ▲ 4.7% |
| Profit (loss) for the period9904 | -€17,635 | -€6,851 | €3,049 | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | -€17,635 | -€6,851 | €3,049 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8,493 | €28,015 | €48,156 | ▲ 71.9% |
| Fixed assets21/28 | €5,873 | €5,668 | €5,353 | ▼ 5.6% |
| Tangible fixed assets22/27 | €5,873 | €5,558 | €5,243 | ▼ 5.7% |
| Plant, machinery and equipment23 | €5,873 | €5,558 | €5,243 | ▼ 5.7% |
| Financial fixed assets28 | - | €110 | €110 | = |
| Current assets29/58 | €2,620 | €22,347 | €42,803 | ▲ 91.5% |
| Amounts receivable within one year40/41 | €344 | €2,945 | €28,136 | ▲ 855% |
| Trade receivables40 | - | €998 | €25,355 | ▲ 2,441% |
| Other amounts receivable41 | €344 | €1,947 | €2,781 | ▲ 42.8% |
| Cash at bank and in hand54/58 | €2,276 | €19,402 | €14,667 | ▼ 24.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8,493 | €28,015 | €48,156 | ▲ 71.9% |
| Equity10/15 | -€15,635 | -€22,486 | -€19,437 | ▲ 13.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€17,635 | -€24,486 | -€21,437 | ▲ 12.5% |
| Amounts payable17/49 | €24,128 | €50,501 | €67,593 | ▲ 33.8% |
| Amounts payable after more than one year17 | - | €8,864 | €8,864 | = |
| Financial debts170/4 | - | €8,864 | €8,864 | = |
| Amounts payable within one year42/48 | €24,128 | €41,637 | €58,729 | ▲ 41.1% |
| Current portion of amounts payable after more than one year42 | €11,776 | €2,911 | €2,912 | = |
| Trade debts44 | €6,568 | €18,704 | - | - |
| Suppliers440/4 | €6,568 | €18,704 | - | - |
| Taxes, remuneration and social security45 | - | €423 | - | - |
| Taxes450/3 | - | €423 | - | - |
| Other amounts payable47/48 | €5,784 | €19,599 | €55,817 | ▲ 185% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,635 | -€6,851 | €3,049 | ▲ 145% |
| + Depreciation and write-downs630 | €420 | €315 | €315 | = |
| Operating cash flow (approximation) | -€17,215 | -€6,536 | €3,364 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€110 | €0 | ▲ 100% |
| Change in cash | - | €17,126 | -€4,735 | ▼ 128% |
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
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €3,049
Net result €3,049 after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Schilde · 1 establishment unit since 2020
Ground area
1,892 m²
Building footprint
191 m²
Parcel 11039A0186/00R005, Flanders. Linked by address, not a title deed.
1 establishment unit
CreDeCon
since 20202.305.535.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0186/00R005 | Flanders | 1,892 m² | 1 · 191 m² | - |
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
ROY DENIE
BE 0798.559.329
Schilde
A and D QUALITY CONSTRUCTIONS
BE 0462.663.076
Ranst
AAA - POLIS J.
BE 0432.657.315
Schoten
ARO
BE 0460.641.914
Malle
ATELIER VERHEYEN
BE 0718.733.376
Kasterlee
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 1,599 companies in sector 16230 we hold annual accounts for 784. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2020
Fiscal year end31-12
Abbreviation NL
CDC
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749418733
Registered
25-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.