CRELEM SHOPS

Active

Private limited companyfounded 20187 yrs activeKempenstraat 13, 3650 Dilsen-Stokkem, BelgiumKBO/BCE: BE 0704.655.114

The computed 12-month bankruptcy probability of CRELEM SHOPS is 2.5% (moderate). The 2025 annual accounts show negative equity (€-225k) and a net result of €-161k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 637 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

22 / 100

Critical▼ -2 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37▼-10

Solvency34▼-3

Growth55▼-17

Stability100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.54 against 0.65 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-42.8%

Return on assets

-30.6%

Age of the figures

11 mo

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€225k

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

3 d early

2024

5 d early

2023

4 d early

2022

9 d early

2021

9 d early

2020

7 d early

2019

6 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

15-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€1.17M▲ 5.6%

2024 · €1.11M

2019: €208k 2020: €708k 2021: €739k 2022: €922k 2023: €1.10M 2024: €1.11M

2019 → 2025

EBIT margin

-13.0%▼ 17.6pp

2024 · 4.6%

2019: -18.0% 2020: -43.6% 2021: -35.3% 2022: -22.0% 2023: 0.9% 2024: 4.6%

2019 → 2025

Net result

€-161k

2024 · €39k

2019: €-39k 2020: €-331k 2021: €-285k 2022: €540k 2023: €-6k 2024: €39k

2019 → 2025

Working capital

€-273k▼ 110%

2024 · €-130k

2019: €-77k 2020: €-557k 2021: €-799k 2022: €-212k 2023: €-193k 2024: €-130k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€739k-€922k▲ 24.8%€1.10M▲ 19.3%€1.11M▲ 0.5%€1.17M▲ 5.6%

Equity€-637k-€-97k▲ 84.8%€-102k▼ 5.7%€-64k▲ 37.7%€-225k▼ 253%

Operating result€-261k-€-203k▲ 22.3%€10k€51k▲ 407%€-152k

Net result€-285k-€540k€-6k€39k€-161k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €152k after €51k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €525k

38.1%

61.9%

Fixed assets €200k▼ 45.8%

Current assets €325k▲ 35.7%

Key figures and ratios

2025 value · change against 2024

EBITDA

€23k▼

2024 · €225k

Cash flow

€14k▼

2024 · €213k

Solvency

-42.8%▼

2024 · -10.5%

Current ratio

0.54▼

2024 · 0.65

Quick ratio

0.48▼

2024 · 0.57

Debt / equity

-3.34▲

2024 · -10.56

ROE

71.6%▲

2024 · -60.5%

ROA

-30.6%▼

2024 · 6.3%

Interest coverage

2.66▼

2024 · 19.12

Debt

€749k▲

2024 · €672k

Debt ≤ 1 year

€598k▲

2024 · €369k

Debt > 1 year

€152k▼

2024 · €303k

Income taxes

€211▼

2024 · €226

Staff costs

€114k▼

2024 · €180k

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€609k€525k▼

Fixed assets21/28€369k€200k▼

Tangible fixed assets22/27€369k€200k▼

Plant, machinery and equipment23€26k€17k▼

Furniture and vehicles24€154€0▼

Leasing and similar rights25€135k€71k▼

Other tangible fixed assets26€209k€111k▼

Current assets29/58€240k€325k▲

Stocks and contracts in progress3€31k€37k▲

Stocks30/36€31k€37k▲

Raw materials and consumables30/31€25k€27k▲

Goods purchased for resale34€6k€10k▲

Amounts receivable within one year40/41€206k€287k▲

Trade receivables40€202k€278k▲

Other amounts receivable41€4k€9k▲

Deferred charges and accrued income490/1€3k€670▼

Equity and liabilities

Total equity and liabilities10/49€609k€525k▼

Equity10/15€-64k€-225k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-82k€-243k▼

Amounts payable17/49€672k€749k▲

Amounts payable after more than one year17€303k€152k▼

Financial debts170/4€303k€152k▼

Leasing and similar obligations172€131k€66k▼

Credit institutions173€171k€86k▼

Amounts payable within one year42/48€369k€598k▲

Current portion of amounts payable after more than one year42€150k€151k▲

Financial debts43€21k€13k▼

Credit institutions430/8€21k€13k▼

Trade debts44€124k€110k▼

Suppliers440/4€124k€110k▼

Taxes, remuneration and social security45€49k€25k▼

Taxes450/3€26k€329▼

Remuneration and social security454/9€23k€25k▲

Other amounts payable47/48€26k€299k▲

Income statement Code20242025

Operating income70/76A€1.40M€1.18M▼

Turnover70€1.11M€1.17M▲

Other operating income74€299k€17k▼

Operating charges60/66A€1.35M€1.34M▼

Goods for resale, raw materials and consumables60€851k€914k▲

Purchases600/8€848k€920k▲

Change in stocks: decrease (increase)609€3k€-6k▼

Services and other goods61€146k€131k▼

Remuneration, social security and pensions62€180k€114k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€174k▲

Other operating charges640/8€2k€3k▲

Operating profit (loss)9901€51k€-152k▼

Financial income75/76B€51€19▼

Recurring financial income75€51€19▼

Other financial income752/9€51€19▼

Financial charges65/66B€12k€9k▼

Recurring financial charges65€12k€9k▼

Debt charges650€12k€9k▼

Other financial charges652/9€386€489▲

Profit (loss) for the period before taxes9903€39k€-161k▼

Income taxes67/77€226€211▼

Taxes670/3€226€211▼

Profit (loss) for the period9904€39k€-161k▼

Profit (loss) for the period to be appropriated9905€39k€-161k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-82k€-243k▼

Profit (loss) brought forward from the previous period14P€-121k€-82k▲

Social balance

Average headcount (FTE)90874.63.2▼

The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

Next filing, fiscal year 2026, expected by 30-04-2027

2026

27-04

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

25-04

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-09

Financial Back to profitnet €39k

Net result €39k after one loss-making year.

26-04

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

21-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

30-09

Financial Back to profitnet €540k

Net result €540k after 3 loss-making years.

21-04

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

23-04

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

30-09

Financial Weakest financial yearnet €-331k

Net result drops to €-331k, the lowest in the series; recovery starts the following year.

24-04

NBB filing Annual accounts filed

fiscal year 2019 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Dilsen-Stokkem · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Kempenstraat 133650 Dilsen-Stokkem

Ground area

2.0 ha

Building footprint

1.1 ha

Volume, LiDAR

91,258 m³

2 parcels, Flanders · tallest building 17.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

CRELEM SHOPS

Albertvest 15, 3300 TienenArtisanal bread and fresh pastry making

since 20182.279.692.515

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24107B0073/00W000	Flanders	1.8 ha	1 · 1.1 ha	17.1 m · 3 fl.
72032B1037/00D003	Flanders	1,159 m²	1 · 102 m²	8.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Tienen2.279.692.515

2 permissions

Toelating · Bakkerij · since 11-10-2019

Toelating · Eetgelegenheid · since 11-10-2019

Similar companies · same sector, comparable size

Tessenderlo-Ham · FTE 3.2

Of 4,200 companies in sector 10712 we hold annual accounts for 1,851. 496 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-09-2018

Fiscal year end30-09

Trade name NL Crelissimo

Activities, NACEBEL

10712Artisanal bread and fresh pastry making

47110Non-specialised retail sale with food, beverages or tobacco predominating

47113Retail trade

47241Retail sale of bread and pastry (bakery outlets)

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.