Summary
CREDIT ROYAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €492k and a net result of €460. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 3319 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
63 d late
2022
68 d late
2021
61 d late
2020
121 d late
2019
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€492k▲ 0.1%
2023 · €492k
2018: €204klowest in 7 years
2019: €267k▲ +30.5% vs 2018
2020: €371k▲ +39.3% vs 2019
2021: €454k▲ +22.2% vs 2020
2022: €474k▲ +4.5% vs 2021
2023: €492k▲ +3.7% vs 2022
2024: €492k▲ +0.1% vs 2023highest in 7 years
2018 → 2024
Net result
€460▼ 97.4%
2023 · €18k
2018: €30k
2019: €62k▲ +111% vs 2018
2020: €105k▲ +68.0% vs 2019highest in 7 years
2021: €82k▼ -21.4% vs 2020
2022: €21k▼ -75.1% vs 2021
2023: €18k▼ -13.9% vs 2022
2024: €460▼ -97.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€560k▲ 4.7%
2023 · €535k
2018: €220klowest in 7 years
2019: €274k▲ +24.5% vs 2018
2020: €374k▲ +36.4% vs 2019
2021: €520k▲ +39.1% vs 2020
2022: €531k▲ +2.2% vs 2021
2023: €535k▲ +0.7% vs 2022
2024: €560k▲ +4.7% vs 2023highest in 7 years
2018 → 2024
Solvency
87.9%▼ 4.0pp
2023 · 91.9%
2018: 92.9%
2019: 97.3%▲ +4.8% vs 2018
2020: 99.4%▲ +2.1% vs 2019highest in 7 years
2021: 87.3%▼ -12.1% vs 2020lowest in 7 years
2022: 89.2%▲ +2.2% vs 2021
2023: 91.9%▲ +3.0% vs 2022
2024: 87.9%▼ -4.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€371k-€454k▲ 22.2%€474k▲ 4.5%€492k▲ 3.7%€492k▲ 0.1%
2020: €371klowest in 5 years
2021: €454k▲ +22.2% vs 2020
2022: €474k▲ +4.5% vs 2021
2023: €492k▲ +3.7% vs 2022
2024: €492k▲ +0.1% vs 2023highest in 5 years
Operating result€102k-€116k▲ 13.9%€52k▼ 54.7%€39k▼ 25.1%€17k▼ 57.0%
2020: €102k
2021: €116k▲ +13.9% vs 2020highest in 5 years
2022: €52k▼ -54.7% vs 2021
2023: €39k▼ -25.1% vs 2022
2024: €17k▼ -57.0% vs 2023lowest in 5 years
Net result€105k-€82k▼ 21.4%€21k▼ 75.1%€18k▼ 13.9%€460▼ 97.4%
2020: €105khighest in 5 years
2021: €82k▼ -21.4% vs 2020
2022: €21k▼ -75.1% vs 2021
2023: €18k▼ -13.9% vs 2022
2024: €460▼ -97.4% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 57% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €560k
Fixed assets
€50k ▲ 69.8%
Current assets
€510k ▲ 0.9%
Equity and liabilities €560k
Equity
€492k ▲ 0.1%
Debt
€68k ▲ 56.6%
Debt's share of the balance-sheet total rises from 8.1% to 12.1%. Equity and debt are higher.
Key figures and ratios
ROE
0.1%▼
2023 · 3.6%
ROA
0.1%▼
2023 · 3.3%
Debt ≤ 1 year
€24k▲
2023 · €20k
Debt > 1 year
€44k▲
2023 · €23k
Income taxes
€15k▼
2023 · €21k
Staff costs
€24k▲
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€535k€560k▲
Fixed assets21/28€29k€50k▲
Tangible fixed assets22/27€28k€48k▲
Furniture and vehicles24€28k€48k▲
Financial fixed assets28€2k€2k=
Current assets29/58€506k€510k▲
Amounts receivable after more than one year29€88k€88k=
Other amounts receivable291€88k€88k=
Amounts receivable within one year40/41€402k€382k▼
Other amounts receivable41€402k€382k▼
Cash at bank and in hand54/58€16k€41k▲
Deferred charges and accrued income490/1-€506
Equity and liabilities
Total equity and liabilities10/49€535k€560k▲
Equity10/15€492k€492k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€471k€472k▲
Amounts payable17/49€43k€68k▲
Amounts payable after more than one year17€23k€44k▲
Financial debts170/4€23k€44k▲
Amounts payable within one year42/48€20k€24k▲
Current portion of amounts payable after more than one year42€11k€19k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€2k€483▼
Income statement
Code20232024
Remuneration, social security and pensions62€22k€24k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€22k▲
Other operating charges640/8€13k€5k▼
Gross operating margin9900€88k€68k▼
Operating profit (loss)9901€39k€17k▼
Financial charges65/66B€953€2k▲
Recurring financial charges65€953€2k▲
Profit (loss) for the period before taxes9903€38k€15k▼
Income taxes67/77€21k€15k▼
Profit (loss) for the period9904€18k€460▼
Profit (loss) for the period to be appropriated9905€18k€460▼
Appropriation of the result
Profit (loss) to be appropriated9906€471k€472k▲
Profit (loss) brought forward from the previous period14P€454k€471k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10k | €12k | €22k | €24k | ▲ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €15k | €14k | €14k | €22k | ▲ 61.8% |
| Other operating charges640/8 | - | €8k | €9k | €13k | €5k | ▼ 63.8% |
| Gross operating margin9900 | €116k | €149k | €87k | €88k | €68k | ▼ 22.6% |
| Operating profit (loss)9901 | €102k | €116k | €52k | €39k | €17k | ▼ 57.0% |
| Financial income75/76B | - | €11k | €323 | - | - | - |
| Recurring financial income75 | €4k | €11k | €323 | - | - | - |
| Financial charges65/66B | - | €828 | €2k | €953 | €2k | ▲ 66.9% |
| Recurring financial charges65 | €367 | €828 | €2k | €953 | €2k | ▲ 66.9% |
| Profit (loss) for the period before taxes9903 | €105k | €126k | €51k | €38k | €15k | ▼ 60.1% |
| Income taxes67/77 | - | €43k | €31k | €21k | €15k | ▼ 28.3% |
| Profit (loss) for the period9904 | €105k | €82k | €21k | €18k | €460 | ▼ 97.4% |
| Profit (loss) for the period to be appropriated9905 | €105k | €82k | €21k | €18k | €460 | ▼ 97.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374k | €520k | €531k | €535k | €560k | ▲ 4.7% |
| Fixed assets21/28 | €3k | €57k | €43k | €29k | €50k | ▲ 69.8% |
| Tangible fixed assets22/27 | €1k | €56k | €42k | €28k | €48k | ▲ 73.6% |
| Furniture and vehicles24 | - | €56k | €42k | €28k | €48k | ▲ 73.6% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €371k | €463k | €488k | €506k | €510k | ▲ 0.9% |
| Amounts receivable after more than one year29 | - | €88k | €88k | €88k | €88k | = |
| Other amounts receivable291 | - | €88k | €88k | €88k | €88k | = |
| Amounts receivable within one year40/41 | €264k | €370k | €398k | €402k | €382k | ▼ 5.0% |
| Trade receivables40 | - | - | €23 | - | - | - |
| Other amounts receivable41 | - | €370k | €398k | €402k | €382k | ▼ 5.0% |
| Cash at bank and in hand54/58 | €19k | €4k | €2k | €16k | €41k | ▲ 147% |
| Deferred charges and accrued income490/1 | - | €933 | - | - | €506 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374k | €520k | €531k | €535k | €560k | ▲ 4.7% |
| Equity10/15 | €371k | €454k | €474k | €492k | €492k | ▲ 0.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | - | - | - |
| Other1109/19 | - | €19k | €19k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €351k | €433k | €454k | €471k | €472k | ▲ 0.1% |
| Amounts payable17/49 | €2k | €66k | €57k | €43k | €68k | ▲ 56.6% |
| Amounts payable after more than one year17 | - | €45k | €34k | €23k | €44k | ▲ 93.1% |
| Financial debts170/4 | - | €45k | €34k | €23k | €44k | ▲ 93.1% |
| Amounts payable within one year42/48 | €2k | €21k | €23k | €20k | €24k | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | - | €11k | €11k | €11k | €19k | ▲ 72.3% |
| Trade debts44 | - | €3k | €10k | €6k | €2k | ▼ 64.3% |
| Suppliers440/4 | - | €3k | €10k | €6k | €2k | ▼ 64.3% |
| Taxes, remuneration and social security45 | - | €8k | €3k | €4k | €3k | ▼ 24.1% |
| Taxes450/3 | - | €4k | €2k | €2k | €2k | ▲ 50.0% |
| Remuneration and social security454/9 | - | €4k | €2k | €2k | €483 | ▼ 77.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105k | €82k | €21k | €18k | €460 | ▼ 97.4% |
| + Depreciation and write-downs630 | €1k | €15k | €14k | €14k | €22k | ▲ 61.8% |
| Operating cash flow (approximation) | €106k | €98k | €34k | €32k | €23k | ▼ 27.3% |
| Investment in fixed assets (approximation) | - | €-69k | €0 | €0 | €-43k | - |
| Change in cash | - | €-15k | €-2k | €14k | €24k | ▲ 72.6% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €460 ▼97.4%
Net result drops to €460, the lowest in the series.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 68 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 121 days late
2020
31-12
Financial
Highest result since 2018net €105k ▲68%
Net result €105k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 153.29
Current ratio from 36.92 to 153.29; short-term debt falls from €7k to €2k.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 117 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 231 days late
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 500 days late
05-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1222 days late
2015
27-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 211 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Schaarbeek · 1 establishment unit since 1992
Ground area
178 m²
Building footprint
166 m²
Volume, LiDAR
2,080 m³
2 parcels, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CREDIT ROYAL
since 19922.057.459.773
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0201/00Z003 | Brussels | 91 m² | 1 · 91 m² | 17.3 m · 5 fl. |
| 21910E0201/00S003 | Brussels | 87 m² | 1 · 75 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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REDGY VANDECASTEELE ASSURANTIES
BE 0476.789.741
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Of 4,677 companies in sector 66220 we hold annual accounts for 3,221. 2,600 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Scores and ratios are computed by Checked and are not a credit decision.