CRESCEIS
CRESCEIS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.23M) and a net result of €-780k. Equity is shrinking by ~130.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €-1.23M |
| Net result | €-780k |
| Staff (FTE) | 8.1 |
| Better than sector | 5% |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -52.1% | 21.2% | |
| Net result | €-780k | €32k | |
| Equity | €-1.23M | €163k | |
| Gross operating margin | €-48k | €281k | |
| Staff costs | €313k | €211k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema |
| Revenue | - | €7.48M | €8.12M |
| EBITDA | €-367k | €10k | €83k |
| Net profit | €-780k | €-394k | €-291k |
| Cash flow | €-419k | €-39k | €31k |
| Staff costs | €313k | €391k | €506k |
| Income taxes | €98 | €294 | €88 |
| Dividends | - | - | - |
| Total assets | €2.36M | €2.55M | €2.78M |
| Equity | €-1.23M | €-449k | €-55k |
| Debt | €3.59M | €3.00M | €2.84M |
| of which ≤ 1y | €2.73M | €1.90M | €1.47M |
| of which > 1y | €862k | €1.09M | €1.37M |
| Working capital | €-1.79M | €-1.06M | €-690k |
| Employees (FTE) | 8.1 | 9.8 | 10.8 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.34 | 0.44 | 0.53 |
| Quick ratio | 0.13 | 0.19 | 0.22 |
| Working capital ratio | -75.7% | -41.7% | -24.8% |
| Solvency | -52.1% | -17.6% | -2.0% |
| Debt / equity | -2.92 | -6.67 | -51.50 |
| Long-term debt ratio | -0.70 | -2.43 | -24.80 |
| Interest coverage | -6.99 | 0.20 | 1.62 |
| Gross margin | - | 21.0% | 21.5% |
| Net margin | - | -5.3% | -3.6% |
| ROA | -33.0% | -15.5% | -10.4% |
| ROE | 63.4% | 87.7% | 527.4% |
| EBITDA margin | - | 0.1% | 1.0% |
| Days sales outstanding | - | 6d | 4d |
| Days payable outstanding | - | 37d | 52d |
| Inventory turnover | - | 12.15 | 13.80 |
| Days inventory (DSI) | - | 30d | 26d |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €2.36M | €2.55M | €2.78M |
| Fixed assets | 21/28 | €1.42M | €1.71M | €2.00M |
| Intangible fixed assets | 21 | €206k | €263k | €320k |
| Tangible fixed assets | 22/27 | €1.21M | €1.44M | €1.68M |
| Current assets | 29/58 | €939k | €840k | €781k |
| Stocks & contracts in progress | 3 | €594k | €486k | €462k |
| Amounts receivable within one year | 40/41 | €164k | €165k | €137k |
| Cash & bank | 54/58 | €147k | €164k | €150k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.36M | €2.55M | €2.78M |
| Equity | 10/15 | €-1.23M | €-449k | €-55k |
| Contributions / capital | 10/11 | €100k | €100k | €100k |
| Reserves | 13 | €10k | €10k | €10k |
| Accumulated profits (losses) | 14 | €-1.34M | €-559k | €-165k |
| Amounts payable | 17/49 | €3.59M | €3.00M | €2.84M |
| Amounts payable after one year | 17 | €862k | €1.09M | €1.37M |
| Amounts payable within one year | 42/48 | €2.73M | €1.90M | €1.47M |
| Trade debts payable within one year | 44 | €896k | €597k | €913k |
| Income statement | ||||
| Turnover | 70 | - | €7.48M | €8.12M |
| Gross operating margin | 9900 | €-48k | - | - |
| Operating result | 9901 | €-728k | €-345k | €-239k |
| Financial income | 75 | €1k | €3k | €2k |
| Financial charges | 65 | €53k | €52k | €53k |
| Result before taxes | 9903 | €-779k | €-394k | €-290k |
| Income taxes | 67/77 | €98 | €294 | €88 |
| Net result for the period | 9904 | €-780k | €-394k | €-291k |
| Result to be appropriated | 9905 | €-780k | €-394k | €-291k |
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 14-07-2010 |
| Status | Active |
| Postal code | 3650 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0355/00M000 | Flanders | 7,443 m² | 1 · 3,131 m² | 11.4 m · 2 fl. |
| 72032B1038/00A002 | Flanders | 932 m² | 1 · 350 m² | 10.4 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
28-08-2024 Registered office moved from Kortrijk to Dilsen-Stokkem
- Walle(Kor) 2 → 3650 Dilsen-Stokkem, Kempenstraat 11
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "3650 Dilsen-Stokkem, Kempenstraat 11",
"city": "Dilsen-Stokkem",
"region": "vlaams_gewest",
"street": "Kempenstraat",
"country": "BE",
"postcode": "3650",
"box_number": null,
"street_number": "11",
"locality_suffix": null
},
"old_address": {
"raw": "Walle(Kor) 2",
"city": "Kortrijk",
"region": "vlaams_gewest",
"street": "Walle",
"country": "BE",
"postcode": "8500",
"box_number": null,
"street_number": "2",
"locality_suffix": "(Kor)"
},
"effective_date": "2024-08-12",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Cynthia VAN AENRODE",
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-08-28",
"filing_date": "2024-08-26",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bestuur",
"date": "2024-08-12",
"unanimous": null
},
"subject_company": {
"kbo": "0827.867.977",
"name_full": "CRESCEIS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "Notaract",
"person_name": null,
"org_rep_person_name": "Davy Bruijnen",
"person_role_at_subject": null
},
"co_filed_documents": [
"publicatieformulieren",
"verklaringen"
]
}06-09-2023 Registered office moved from Dilsen-Stokkem to Kortrijk
- Kempenstraat 11, 3650 Dilsen-Stokkem → 8500 Kortrijk, Walle 2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "8500 Kortrijk, Walle 2",
"city": "Kortrijk",
"region": "vlaams_gewest",
"street": "Walle",
"country": "BE",
"postcode": "8500",
"box_number": null,
"street_number": "2",
"locality_suffix": null
},
"old_address": {
"raw": "Kempenstraat 11, 3650 Dilsen-Stokkem",
"city": "Dilsen-Stokkem",
"region": "vlaams_gewest",
"street": "Kempenstraat",
"country": "BE",
"postcode": "3650",
"box_number": null,
"street_number": "11",
"locality_suffix": null
},
"effective_date": "2023-07-25",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-08-14",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-07-25",
"unanimous": true
},
"subject_company": {
"kbo": "0827.867.977",
"name_full": "CRESCEIS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0844.900.979",
"org_name": "KPMG Law BV",
"person_name": null,
"org_rep_person_name": "Thomas Vandersmissen",
"person_role_at_subject": null
},
"co_filed_documents": [
"Annexes du Moniteur belge"
]
}| Legal nameNL | CRESCEIS |