CRESCENDO
ActiveSummary
CRESCENDO has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €514,611 and a net result of €55,404. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency54▲+3
Growth58▼-1
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 0.91 in 2024; short-term debt: 12% and cash: 13.3% of total assets), and 71.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.8%
Return on assets
3.1%
Age of the figures
15 mo
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 €514,611
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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
9 d late
2024
21 d late
2023
16 d late
2022
12 d late
2021
1 d early
2020
178 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 33 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 12 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€229,857▲ 5.6%
2024 · €217,641
EBIT margin
37.7%▼ 9.0pp
2024 · 46.7%
Net result
€55,404▼ 21.4%
2024 · €70,486
Working capital
€64,850
2024 · -€21,702
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€165,980▲ 7.6%€168,339▲ 1.4%€188,928▲ 12.2%€217,641▲ 15.2%€229,857▲ 5.6%
Operating result€28,704▲ 578%€26,823▼ 6.6%€24,903▼ 7.2%€101,692▲ 308%€86,644▼ 14.8%
Net result-€2,430▲ 91.0%-€4,411▼ 81.5%-€6,318▼ 43.2%€70,486€55,404▼ 21.4%
EBIT margin17.3%▲ 14.6pp15.9%▼ 1.4pp13.2%▼ 2.8pp46.7%▲ 33.5pp37.7%▼ 9.0pp
Equity€399,450▼ 0.6%€395,039▼ 1.1%€388,721▼ 1.6%€459,207▲ 18.1%€514,611▲ 12.1%
Total assets€1.8m▼ 0.8%€1.7m▼ 2.4%€1.7m▼ 1.2%€1.8m▲ 4.0%€1.8m▲ 1.8%
Debt€1.2m▼ 0.5%€1.2m▼ 2.6%€1.2m▼ 0.7%€1.2m▲ 0.3%€1.1m▼ 1.6%
Working capital-€158,903▲ 21.1%-€142,963▲ 10.0%-€104,784▲ 26.7%-€21,702▲ 79.3%€64,850
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.5m ▼ 2.3%
Current assets
€279,506 ▲ 31.2%
Equity and liabilities €1.8m
Equity
€514,611 ▲ 12.1%
Provisions
€129,193 ▼ 4.8%
Debt
€1.1m ▼ 1.6%
Debt's share of the balance-sheet total falls from 66.1% to 63.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€147,138▼
2024 · €161,251
Cash flow
€115,898▼
2024 · €130,045
Current ratio
1.30▲
2024 · 0.91
Debt to equity
2.22▼
2024 · 2.53
ROE
10.8%▼
2024 · 15.3%
ROA
3.1%▼
2024 · 4.0%
Interest coverage
3.90▼
2024 · 4.28
Debt ≤ 1 year
€214,657▼
2024 · €234,797
Debt > 1 year
€923,525=
2024 · €923,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,681 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €165,980 | €168,339 | €188,928 | €217,641 | €229,857 | ▲ 5.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €54,509 | €73,809 | €83,875 | €63,619 | ▼ 24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,462 | €65,726 | €67,727 | €59,559 | €60,494 | ▲ 1.6% |
| Other operating charges640/8 | - | €22,165 | €22,489 | €960 | €19,100 | ▲ 1,889% |
| Gross operating margin9900 | €117,167 | €114,714 | €115,119 | €162,211 | €166,238 | ▲ 2.5% |
| Operating profit (loss)9901 | €28,704 | €26,823 | €24,903 | €101,692 | €86,644 | ▼ 14.8% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €37,694 | €37,680 | €37,666 | €37,699 | ▲ 0.1% |
| Recurring financial charges65 | €37,594 | €37,694 | €37,680 | €37,666 | €37,699 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | -€8,889 | -€10,870 | -€12,777 | €64,027 | €48,945 | ▼ 23.6% |
| Transfer from deferred taxes780 | - | €6,459 | €6,459 | €6,459 | €6,459 | = |
| Profit (loss) for the period9904 | -€2,430 | -€4,411 | -€6,318 | €70,486 | €55,404 | ▼ 21.4% |
| Transfer from tax-exempt reserves789 | - | €14,736 | €14,736 | €14,736 | €14,736 | = |
| Profit (loss) for the period to be appropriated9905 | €12,306 | €10,325 | €8,418 | €85,222 | €70,140 | ▼ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €1.7m | €1.8m | €1.8m | ▲ 1.8% |
| Formation expenses20 | €161 | €161 | €161 | €161 | €161 | = |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 2.3% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.6m | €1.5m | €1.5m | ▼ 2.3% |
| Land and buildings22 | - | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €139,925 | €137,154 | €149,241 | €146,779 | ▼ 1.6% |
| Furniture and vehicles24 | - | €9,570 | €9,346 | €8,590 | €9,330 | ▲ 8.6% |
| Financial fixed assets28 | €1,043 | €1,043 | €1,043 | €1,043 | €1,043 | = |
| Current assets29/58 | €109,688 | €95,244 | €122,787 | €213,095 | €279,506 | ▲ 31.2% |
| Amounts receivable after more than one year29 | - | - | €40,000 | €40,000 | €40,000 | = |
| Other amounts receivable291 | - | - | €40,000 | €40,000 | €40,000 | = |
| Amounts receivable within one year40/41 | - | - | - | - | €1,608 | - |
| Other amounts receivable41 | - | - | - | - | €1,608 | - |
| Current investments50/53 | €7 | €7 | €7 | €7 | €7 | = |
| Cash at bank and in hand54/58 | €109,681 | €95,237 | €82,780 | €173,087 | €237,891 | ▲ 37.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.7m | €1.8m | €1.8m | ▲ 1.8% |
| Equity10/15 | €399,450 | €395,039 | €388,721 | €459,207 | €514,611 | ▲ 12.1% |
| Contributions10/11 | €482,401 | €482,401 | €482,401 | €482,401 | €482,401 | = |
| Capital10 | - | €482,401 | €482,401 | €482,401 | €482,401 | = |
| Issued capital100 | - | €482,401 | €482,401 | €482,401 | €482,401 | = |
| Revaluation surpluses12 | - | €561,766 | €561,766 | €561,766 | €561,766 | = |
| Reserves13 | €361,765 | €347,029 | €332,293 | €317,557 | €302,821 | ▼ 4.6% |
| Non-distributable reserves130/1 | - | €8,087 | €8,087 | €8,087 | €8,087 | = |
| Legal reserve130 | - | €8,087 | €8,087 | €8,087 | €8,087 | = |
| Tax-exempt reserves132 | - | €338,942 | €324,206 | €309,470 | €294,735 | ▼ 4.8% |
| Profit (loss) carried forward14 | -€1.0m | -€996,156 | -€987,738 | -€902,516 | -€832,376 | ▲ 7.8% |
| Provisions and deferred taxes16 | €155,030 | €148,571 | €142,112 | €135,653 | €129,193 | ▼ 4.8% |
| Deferred taxes168 | - | €148,571 | €142,112 | €135,653 | €129,193 | ▼ 4.8% |
| Amounts payable17/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 1.6% |
| Amounts payable after more than one year17 | €923,525 | €923,525 | €923,525 | €923,525 | €923,525 | = |
| Financial debts170/4 | - | €923,525 | €923,525 | €923,525 | €923,525 | = |
| Amounts payable within one year42/48 | €268,591 | €238,207 | €227,572 | €234,797 | €214,657 | ▼ 8.6% |
| Other amounts payable47/48 | - | €238,207 | €227,572 | €234,797 | €214,657 | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | €2,472 | €5,026 | €1,574 | €3,621 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,430 | -€4,411 | -€6,318 | €70,486 | €55,404 | ▼ 21.4% |
| + Depreciation and write-downs630 | €66,462 | €65,726 | €67,727 | €59,559 | €60,494 | ▲ 1.6% |
| Operating cash flow (approximation) | €64,032 | €61,315 | €61,409 | €130,045 | €115,898 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | -€37,692 | -€19,325 | -€37,051 | -€24,935 | ▲ 32.7% |
| Change in cash | - | -€14,444 | -€12,457 | €90,307 | €64,804 | ▼ 28.2% |
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
19-08
State Gazette act
Appointments: Florence Stampaert (director) and Isabelle Stampaert (director)Shareholding5 facts ▸
State Gazette act
Appointments: Florence Stampaert (director) and Isabelle Stampaert (director)
Shareholding5 facts ▸
- General meeting, 14-07-2026
- Director appointment, Florence Stampaert (director)
- Shareholding, actions nominatives, 200
- Director appointment, Isabelle Stampaert (director)
- Shareholding, actions nominatives, 200
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 9 days late
2025
30-06
Financial
Equity above €500,000Eq €514,611 ▲12.1%
2 profitable years in a row build equity to €514,611.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
30-06
Financial
Back to profitnet €70,486
Net result €70,486 after 4 loss-making years.
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 16 days late
2023
12-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 12 days late
2022
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 178 days late
2020
30-06
Financial
Weakest financial yearnet -€26,916
Net result drops to -€26,916, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Florence Stampaert
CurrentDirector · since 19-08-2026
Isabelle Stampaert
CurrentDirector · since 19-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1974
Ground area
816 m²
Building footprint
312 m²
Volume, LiDAR
2,376 m³
2 parcels, Brussels · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Meiseselaan 3 A, 1020 Brussel
since 19742.102.155.690
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0205/00N002 | Brussels | 692 m² | 1 · 188 m² | 13.1 m · 3 fl. |
| 21818A0205/00F002 | Brussels | 124 m² | 1 · 124 m² | 9.7 m · 2 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.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Florence Stampaert |
|
| Isabelle Stampaert |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 19-08-2026 ↗
- Florence Stampaert 200 shares
- Isabelle Stampaert 200 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Identification & contact
Identification
Legal formPublic limited company
Founded23-07-1974
Fiscal year end30-06
Contact
Phone
0475616989
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.