Result
€619,725 ▲ 44.6%
The result rose in 2025 from €428,590 to €619,725.
Crescelor
Lifetime
7 annual accounts with figures on one time axispeak €2.7m (2025)
€2.7m▲ 2.4%
lowest -€845,683 (2022)
€619,725▲ 44.6%
peak €5.7m (2025)
€5.7m▲ 2.9%
€25.2m▼ 8.8%
peak 0 FTE (2025)
0 FTE
Board3 names since 2018
2 directorsORKARI and 1 other
Owners4 names in the annual accounts
50%JOSADIS and 1 other
Documentsfilings and deeds
27-04-20263 days before the deadline
2025abbreviated format
Result from €428,590 to €619,725Cash from €2.0m to €976,605
Key points
from the 2025 annual accountsTurnover
≈ €3.3m estimated
The accounts state no turnover.
Debts
€25.2m 81% of the balance sheet
Financial debts 81%Suppliers 1%Other 18%
€21.2m of the debts are secured on the company's own assets. In 2022 that was €23.4m.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 3 to 8 days before the end of the period.
At the same address
42 companies
Position in the sector
€619,725
Higher net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
89
Excellent
Financially stronger than 53% of medium-sized companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.2%▼ -0.3 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▲ +0.2 percentage points vs 04-2026highest value
06-2026: 0.2%▼ -0.4 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.42, cash €976,605, halved
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €30.9m
Figures for financial year 2025 (filed on 05-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 40% of them on solvency, 77% on liquidity, 50% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 273 companies had the same profile as Crescelor has now. Each dot is one company, two years later.
98.2%
were still trading
1.1%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Crescelor itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 273 companies, not a prediction for Crescelor. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.42 (0.45 in 2024), below 1. Short-term debt is 13% and cash 3.2% of total assets. 81.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €5.7m
neutral · 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 filingsDeviation from the deadline
2025
3 days early
2024
5 days early
2023
4 days early
2022
4 days early
2021
8 days early
2020
7 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 26 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- JOSADIS 50%score 85equity €1.3m (2025) · 30-09-2025 annual accounts of JOSADIS
- JUFRA 50%score 86equity €22.5m (2025) · 2025 annual accounts of JUFRA
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0704956408
First establishment
Kempenstraat 13, Dilsen-Stokkem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Crescelor Dilsen-Stokkem | €30.9m | €2.7m | 18.5% | 0 |
| ALMIVER Roeselare | €28.1m | €1.9m | 88.3% | 0 |
| TPJE Ostend | €37.4m | €4.1m | 69.9% | 0 |
| CAPRESE II Brussels | €26.0m | €1.5m | 35.9% | 0 |
| Highbay (BE) Etterbeek | €51.9m | €2.5m | 1.3% | 0 |
| BRUSSELS SOUTH LOGISTICS Brussels | €21.0m | €2.8m | 1.4% | 0 |
| Prologis Belgium XXX (C) Antwerp | €16.4m | €2.9m | 31.7% | 0 |
These companies have the same main activity as Crescelor: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €16m and €52m, founded between 2015 and 2021.
Official details
Source: KBO- Status
- Active since 24-09-2018Normal situation
- Registered office
- 43 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.280.396.2593650 Dilsen-Stokkem, since 24-09-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 17-10-2025
Annual accounts to 30-09-2025
- €30.9m▼ 6.9%
- Filing
- Filed on 27-04-2026, 3 days before the end of the filing period
Insights on Crescelor
Crescelor files the abbreviated format. That format states no turnover. The gross margin rose from -€551 in 2020 to €2.7m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Crescelor
- What is the company number of Crescelor?
- The company number of Crescelor is 0704.956.408. The VAT number is the same number with BE in front: BE 0704.956.408.
- Where is Crescelor based?
- The registered office is at Kempenstraat 13, 3650 Dilsen-Stokkem.Company details
- What does Crescelor do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Crescelor?
- Crescelor is a private limited company (BV).
- When was Crescelor founded?
- Crescelor was founded on 24-09-2018.
- Is Crescelor still active?
- Yes, Crescelor is an active enterprise in the KBO register.
- What is the turnover of Crescelor?
- The turnover in financial year 2025 is ≈ €3.3m. This figure is estimated from the gross margin of €2.7m and 32 comparable companies (NACE 68203). It probably lies between €2.7m and €3.8m.Financials
- Is Crescelor profitable?
- In financial year 2025, Crescelor made a profit of €619,725.
- Where can I find the annual accounts of Crescelor?
- Crescelor filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Crescelor due?
- Crescelor must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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