CREDON
ActiveSummary
CREDON has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,845 and a net result of -€73,102. Equity is shrinking by ~14.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 34% of 1438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+23
Solvency45▼-3
Growth39▼-1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.47 in 2024; short-term debt: 55.9% and cash: 17.3% of total assets), but 80% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€73,102
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
30 d early
2023
28 d early
2022
26 d early
2021
13 d early
2020
5 d early
2019
4 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#5 fastest grower in Tessenderlo-Ham#5 company by total assets in Tessenderlo-Ham, Telecoms and IT sector#10 company by equity in Tessenderlo-Ham, Telecoms and IT sector
Turnover
€6.0m▲ 0.5%
2024 · €5.9m
EBIT margin
-0.3%▲ 13.6pp
2024 · -13.9%
Net result
-€73,102▲ 91.6%
2024 · -€865,175
Working capital
€1.1m▲ 31.2%
2024 · €804,724
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4.2m▼ 12.4%€4.5m▲ 8.0%€6.2m▲ 36.3%€5.9m▼ 4.4%€6.0m▲ 0.5%
Operating result€206,771▼ 45.5%€306,687▲ 48.3%€52,663▼ 82.8%-€822,252-€17,648▲ 97.9%
Net result€93,825▼ 63.6%€229,574▲ 145%€356,103▲ 55.1%-€865,175-€73,102▲ 91.6%
EBIT margin4.9%▼ 3.0pp6.7%▲ 1.8pp0.8%▼ 5.9pp-13.9%▼ 14.7pp-0.3%▲ 13.6pp
Equity€1.5m▼ 30.2%€1.1m▼ 25.0%€1.5m▲ 31.2%€630,947▼ 57.8%€557,845▼ 11.6%
Total assets€2.6m▼ 27.4%€2.9m▲ 13.2%€2.9m▲ 0.5%€2.8m▼ 5.1%€2.8m▲ 0.9%
Debt€1.0m▼ 23.3%€1.7m▲ 70.0%€1.4m▼ 18.8%€2.1m▲ 50.7%€2.2m▲ 4.6%
Working capital€701,722▼ 15.2%€392,739▼ 44.0%€1.2m▲ 211%€804,724▼ 34.1%€1.1m▲ 31.2%
Staff (FTE)16.3▼ 19.3%14.4▼ 11.7%21.5▲ 49.3%24.8▲ 15.3%20.8▼ 16.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,648 in 2025 against €822,252 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€173,231 ▼ 32.2%
Current assets
€2.6m ▲ 4.3%
Equity and liabilities €2.8m
Equity
€557,845 ▼ 11.6%
Debt
€2.2m ▲ 4.6%
Debt's share of the balance-sheet total rises from 77.1% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50,723▲
2024 · -€759,338
Cash flow
-€4,731▲
2024 · -€802,261
Current ratio
1.68▲
2024 · 1.47
Debt to equity
3.99▲
2024 · 3.38
ROE
-13.1%▲
2024 · -137.1%
ROA
-2.6%▲
2024 · -31.3%
Interest coverage
0.91▲
2024 · -24.96
Debt ≤ 1 year
€1.6m▼
2024 · €1.7m
Debt > 1 year
€101,538
Income taxes
-€4,503▼
2024 · €15,766
Staff costs
€2.0m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,419 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.3m | €4.6m | €6.3m | €6.1m | €6.1m | ▲ 0.4% |
| Turnover70 | €4.2m | €4.5m | €6.2m | €5.9m | €6.0m | ▲ 0.5% |
| Other operating income74 | €69,875 | €51,705 | €87,893 | €154,585 | €120,914 | ▼ 21.8% |
| Non-recurring operating income76A | - | - | - | - | €30,000 | - |
| Operating charges60/66A | €4.1m | €4.3m | €6.2m | €6.9m | €6.1m | ▼ 11.3% |
| Goods for resale, raw materials and consumables60 | €2.0m | €2.1m | €2.7m | €2.7m | €2.5m | ▼ 7.6% |
| Purchases600/8 | €2.0m | €2.1m | €2.7m | €2.7m | €2.5m | ▼ 7.6% |
| Services and other goods61 | €816,203 | €1.0m | €1.5m | €2.0m | €1.4m | ▼ 28.4% |
| Remuneration, social security and pensions62 | €1.2m | €1.0m | €2.0m | €1.9m | €2.0m | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,727 | €84,060 | €59,794 | €62,914 | €68,371 | ▲ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,895 | -€2,054 | €9,650 | ▲ 570% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€15,000 | - | - | - |
| Other operating charges640/8 | €18,989 | €17,184 | €35,834 | €3,951 | €1,753 | ▼ 55.6% |
| Non-recurring operating charges66A | - | - | - | €304,370 | €189,136 | ▼ 37.9% |
| Operating profit (loss)9901 | €206,771 | €306,687 | €52,663 | -€822,252 | -€17,648 | ▲ 97.9% |
| Financial income75/76B | €19,671 | €11,375 | €369,513 | €8,799 | €28 | ▼ 99.7% |
| Recurring financial income75 | €19,671 | €11,375 | €369,513 | €8,799 | €28 | ▼ 99.7% |
| Income from financial fixed assets750 | €19,619 | - | €350,000 | - | - | - |
| Income from current assets751 | - | €11,365 | €18,043 | €950 | €9 | ▼ 99.1% |
| Other financial income752/9 | €52 | €9 | €1,469 | €7,850 | €19 | ▼ 99.8% |
| Financial charges65/66B | €18,299 | €14,166 | €28,119 | €35,957 | €59,985 | ▲ 66.8% |
| Recurring financial charges65 | €18,299 | €14,166 | €28,119 | €35,957 | €59,985 | ▲ 66.8% |
| Debt charges650 | €16,861 | €13,032 | €17,444 | €30,424 | €55,964 | ▲ 83.9% |
| Other financial charges652/9 | €1,438 | €1,134 | €10,675 | €5,533 | €4,021 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €208,143 | €303,896 | €394,056 | -€849,409 | -€77,604 | ▲ 90.9% |
| Income taxes67/77 | €114,318 | €74,322 | €37,954 | €15,766 | -€4,503 | ▼ 129% |
| Taxes670/3 | €115,047 | €100,000 | €38,829 | €15,766 | €4,610 | ▼ 70.8% |
| Tax adjustments and reversals of tax provisions77 | €729 | €25,678 | €876 | - | €9,113 | - |
| Profit (loss) for the period9904 | €93,825 | €229,574 | €356,103 | -€865,175 | -€73,102 | ▲ 91.6% |
| Profit (loss) for the period to be appropriated9905 | €93,825 | €229,574 | €356,103 | -€865,175 | -€73,102 | ▲ 91.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.9m | €2.9m | €2.8m | €2.8m | ▲ 0.9% |
| Fixed assets21/28 | €891,386 | €859,555 | €417,039 | €255,606 | €173,231 | ▼ 32.2% |
| Intangible fixed assets21 | €69,550 | - | €139,896 | €105,417 | €70,937 | ▼ 32.7% |
| Tangible fixed assets22/27 | €42,437 | €47,971 | €75,172 | €83,313 | €60,382 | ▼ 27.5% |
| Plant, machinery and equipment23 | €15,761 | €13,839 | €10,453 | €10,987 | €12,784 | ▲ 16.3% |
| Furniture and vehicles24 | €26,677 | €25,493 | €48,969 | €41,284 | €17,450 | ▼ 57.7% |
| Other tangible fixed assets26 | - | €8,640 | €15,750 | €31,041 | €30,148 | ▼ 2.9% |
| Financial fixed assets28 | €779,399 | €811,583 | €201,971 | €66,877 | €41,912 | ▼ 37.3% |
| Affiliated companies280/1 | €778,193 | €809,178 | €200,178 | €65,083 | €40,118 | ▼ 38.4% |
| Participating interests280 | €40,118 | €40,118 | €40,118 | €40,118 | €40,118 | = |
| Amounts receivable281 | €738,075 | €769,060 | €160,060 | €24,965 | - | - |
| Other financial fixed assets284/8 | €1,206 | €2,406 | €1,794 | €1,794 | €1,794 | = |
| Amounts receivable and cash guarantees285/8 | €1,206 | €2,406 | €1,794 | €1,794 | €1,794 | = |
| Current assets29/58 | €1.7m | €2.0m | €2.5m | €2.5m | €2.6m | ▲ 4.3% |
| Amounts receivable within one year40/41 | €1.3m | €1.1m | €2.2m | €2.3m | €2.0m | ▼ 10.1% |
| Trade receivables40 | €1.3m | €1.1m | €2.2m | €2.3m | €2.0m | ▼ 9.8% |
| Other amounts receivable41 | €30,245 | €37,382 | €36,741 | €12,351 | €3,816 | ▼ 69.1% |
| Cash at bank and in hand54/58 | €370,382 | €868,979 | €239,854 | €191,312 | €482,077 | ▲ 152% |
| Deferred charges and accrued income490/1 | €446 | €26,447 | €21,044 | €41,578 | €87,480 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.9m | €2.9m | €2.8m | €2.8m | ▲ 0.9% |
| Equity10/15 | €1.5m | €1.1m | €1.5m | €630,947 | €557,845 | ▼ 11.6% |
| Contributions10/11 | €205,000 | €205,000 | €205,000 | €205,000 | €205,000 | = |
| Reserves13 | €20,500 | €20,500 | €1.3m | €425,947 | €352,845 | ▼ 17.2% |
| Non-distributable reserves130/1 | €20,500 | €20,500 | - | - | - | - |
| Reserves not available under the articles1311 | €20,500 | €20,500 | - | - | - | - |
| Distributable reserves133 | - | - | €1.3m | €425,947 | €352,845 | ▼ 17.2% |
| Profit (loss) carried forward14 | €1.3m | €914,520 | - | - | - | - |
| Provisions and deferred taxes16 | €15,000 | €15,000 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €15,000 | €15,000 | - | - | - | - |
| Other liabilities and charges164/5 | €15,000 | €15,000 | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.7m | €1.4m | €2.1m | €2.2m | ▲ 4.6% |
| Amounts payable after more than one year17 | - | - | - | - | €101,538 | - |
| Other amounts payable178/9 | - | - | - | - | €101,538 | - |
| Amounts payable within one year42/48 | €964,534 | €1.6m | €1.3m | €1.7m | €1.6m | ▼ 8.5% |
| Financial debts43 | - | - | - | €300,000 | €300,000 | = |
| Credit institutions430/8 | - | - | - | €300,000 | €300,000 | = |
| Trade debts44 | €725,854 | €845,925 | €916,258 | €850,001 | €497,255 | ▼ 41.5% |
| Suppliers440/4 | €725,854 | €845,925 | €916,258 | €850,001 | €497,255 | ▼ 41.5% |
| Taxes, remuneration and social security45 | €238,680 | €187,352 | €338,272 | €338,694 | €390,482 | ▲ 15.3% |
| Taxes450/3 | €74,637 | - | €175 | €15,019 | €10,495 | ▼ 30.1% |
| Remuneration and social security454/9 | €164,043 | €187,352 | €338,097 | €323,675 | €379,987 | ▲ 17.4% |
| Other amounts payable47/48 | - | €609,366 | €16,210 | €211,442 | €368,731 | ▲ 74.4% |
| Accrued charges and deferred income492/3 | €58,663 | €97,274 | €141,905 | €429,383 | €569,716 | ▲ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,825 | €229,574 | €356,103 | -€865,175 | -€73,102 | ▲ 91.6% |
| + Depreciation and write-downs630 | €90,727 | €84,060 | €59,794 | €62,914 | €68,371 | ▲ 8.7% |
| Operating cash flow (approximation) | €184,553 | €313,634 | €415,896 | -€802,261 | -€4,731 | ▲ 99.4% |
| Investment in fixed assets (approximation) | - | -€52,229 | €382,722 | €98,519 | €14,005 | ▼ 85.8% |
| Change in cash | - | €498,597 | -€629,124 | -€48,542 | €290,765 | ▲ 699% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€865,175
Net result drops to -€865,175, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €356,103 ▲55.1%
Net result €356,103, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €2mEq €2.2m ▲13.5%
3 profitable years in a row build equity to €2.2m.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Tessenderlo-Ham · 1 establishment unit since 2006
Ground area
1.1 ha
Building footprint
2,589 m²
Volume, LiDAR
26,086 m³
Parcel 71363C0176/00G000, Flanders · tallest building 32.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CREDON
since 20062.157.272.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0176/00G000 | Flanders | 1.1 ha | 1 · 2,588 m² | 32.9 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- AEXIS GROUP
- AEXIS INTERNATIONAL
- CREDON
Highest known parent: AEXIS GROUP. The sources do not say who stands above it.
Owners 1
- AEXIS INTERNATIONALparent100%
Holdings 1
-
100%
According to the 2025 annual accounts of CREDON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 16,428 EUR awarded · 16,428 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,047 EUR | 4,047 EUR |
| 2024 | 1 | 4,771 EUR | 4,771 EUR |
| 2023 | 1 | 1,534 EUR | 1,534 EUR |
| 2022 | 2 | 6,076 EUR | 6,076 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600KTVLG398O45L67
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,309 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
Founded09-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884097986
Also
9925:BE0884097986
Registered
23-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.