CRESCERE
ActiveSummary
CRESCERE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,025 and a net result of €5,691. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-25
Solvency58▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.22 in 2024; short-term debt: 58.8% and cash: 3.8% of total assets), but 66.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
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
33.3%
Return on assets
5.1%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
34 d early
2023
30 d early
2022
28 d early
2021
18 d late
2020
11 d early
2019
16 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 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€37,025▲ 18.2%
2024 · €31,334
Total assets
€111,129▼ 5.7%
2024 · €117,817
Net result
€5,691▼ 96.2%
2024 · €151,012
Working capital
€38,020▲ 120%
2024 · €17,270
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
Operating result-€38,870▼ 546%-€16,398▲ 57.8%-€32,752▼ 99.7%€151,063€5,739▼ 96.2%
Net result-€39,005▼ 535%-€16,420▲ 57.9%-€32,800▼ 99.8%€151,012€5,691▼ 96.2%
Equity-€70,458▼ 124%-€86,878▼ 23.3%-€119,678▼ 37.8%€31,334€37,025▲ 18.2%
Total assets€260,816▲ 7.8%€196,076▼ 24.8%€142,480▼ 27.3%€117,817▼ 17.3%€111,129▼ 5.7%
Debt€331,275▲ 21.1%€282,954▼ 14.6%€262,158▼ 7.3%€86,483▼ 67.0%€74,104▼ 14.3%
Working capital-€193,625▼ 38.6%-€165,409▲ 14.6%-€150,783▲ 8.8%€17,270€38,020▲ 120%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -96% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,129
Fixed assets
€7,714 ▼ 66.1%
Current assets
€103,415 ▲ 8.8%
Equity and liabilities €111,129
Equity
€37,025 ▲ 18.2%
Debt
€74,104 ▼ 14.3%
Debt's share of the balance-sheet total falls from 73.4% to 66.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,769▼
2024 · €168,105
Cash flow
€19,721▼
2024 · €168,054
Current ratio
1.58▲
2024 · 1.22
Quick ratio
0.26▲
2024 · 0.14
Debt to equity
2.00▼
2024 · 2.76
ROE
15.4%▼
2024 · 481.9%
ROA
5.1%▼
2024 · 128.2%
Interest coverage
366.09▼
2024 · 3295.52
Debt ≤ 1 year
€65,396▼
2024 · €77,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 34,672 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,105 | €47,032 | €47,426 | €17,042 | €14,030 | ▼ 17.7% |
| Other operating charges640/8 | €787 | €1,180 | €1,371 | €1,245 | €1,247 | ▲ 0.2% |
| Non-recurring operating charges66A | - | - | - | - | €1,028 | - |
| Gross operating margin9900 | €2,022 | €31,813 | €16,044 | €169,349 | €22,044 | ▼ 87.0% |
| Operating profit (loss)9901 | -€38,870 | -€16,398 | -€32,752 | €151,063 | €5,739 | ▼ 96.2% |
| Financial income75/76B | €11 | €0 | €0 | €0 | €6 | - |
| Recurring financial income75 | €11 | €0 | €0 | €0 | €6 | - |
| Financial charges65/66B | €145 | €22 | €48 | €51 | €54 | ▲ 5.9% |
| Recurring financial charges65 | €145 | €22 | €48 | €51 | €54 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | -€39,003 | -€16,420 | -€32,800 | €151,012 | €5,691 | ▼ 96.2% |
| Income taxes67/77 | €2 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€39,005 | -€16,420 | -€32,800 | €151,012 | €5,691 | ▼ 96.2% |
| Profit (loss) for the period to be appropriated9905 | -€39,005 | -€16,420 | -€32,800 | €151,012 | €5,691 | ▼ 96.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260,816 | €196,076 | €142,480 | €117,817 | €111,129 | ▼ 5.7% |
| Fixed assets21/28 | €131,875 | €87,239 | €39,814 | €22,772 | €7,714 | ▼ 66.1% |
| Tangible fixed assets22/27 | €131,875 | €87,239 | €39,814 | €22,772 | €7,714 | ▼ 66.1% |
| Plant, machinery and equipment23 | €768 | €299 | €1,831 | €1,352 | €873 | ▼ 35.4% |
| Furniture and vehicles24 | €131,107 | €86,941 | €37,983 | €21,420 | €6,841 | ▼ 68.1% |
| Current assets29/58 | €128,941 | €108,837 | €102,666 | €95,045 | €103,415 | ▲ 8.8% |
| Stocks and contracts in progress3 | €82,500 | €82,500 | €82,500 | €83,940 | €86,550 | ▲ 3.1% |
| Stocks30/36 | €82,500 | €82,500 | €82,500 | €83,940 | €86,550 | ▲ 3.1% |
| Amounts receivable within one year40/41 | €9,077 | €24,049 | €18,313 | €7,278 | €7,568 | ▲ 4.0% |
| Trade receivables40 | €8,829 | €23,801 | €18,313 | €7,278 | €7,509 | ▲ 3.2% |
| Other amounts receivable41 | €248 | €248 | €0 | - | €59 | - |
| Cash at bank and in hand54/58 | €34,665 | €389 | €409 | €2,882 | €4,183 | ▲ 45.1% |
| Deferred charges and accrued income490/1 | €2,699 | €1,900 | €1,444 | €945 | €5,115 | ▲ 441% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260,816 | €196,076 | €142,480 | €117,817 | €111,129 | ▼ 5.7% |
| Equity10/15 | -€70,458 | -€86,878 | -€119,678 | €31,334 | €37,025 | ▲ 18.2% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | - | - | - | - | - |
| Issued capital100 | €200,000 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€272,318 | -€288,738 | -€321,538 | -€170,526 | -€164,835 | ▲ 3.3% |
| Amounts payable17/49 | €331,275 | €282,954 | €262,158 | €86,483 | €74,104 | ▼ 14.3% |
| Amounts payable within one year42/48 | €322,566 | €274,246 | €253,449 | €77,774 | €65,396 | ▼ 15.9% |
| Trade debts44 | €1,264 | €2,020 | €5,883 | €7,475 | €6,776 | ▼ 9.3% |
| Suppliers440/4 | €1,264 | €2,020 | €5,883 | €7,475 | €6,776 | ▼ 9.3% |
| Taxes, remuneration and social security45 | €9,048 | €8,873 | €7,216 | €4,735 | €7,494 | ▲ 58.3% |
| Taxes450/3 | €7,548 | €5,873 | €2,716 | €235 | €7,494 | ▲ 3,086% |
| Remuneration and social security454/9 | €1,500 | €3,000 | €4,500 | €4,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | €312,254 | €263,353 | €240,350 | €65,564 | €51,125 | ▼ 22.0% |
| Accrued charges and deferred income492/3 | €8,709 | €8,709 | €8,709 | €8,709 | €8,709 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,005 | -€16,420 | -€32,800 | €151,012 | €5,691 | ▼ 96.2% |
| + Depreciation and write-downs630 | €40,105 | €47,032 | €47,426 | €17,042 | €14,030 | ▼ 17.7% |
| Operating cash flow (approximation) | €1,100 | €30,612 | €14,626 | €168,054 | €19,721 | ▼ 88.3% |
| Investment in fixed assets (approximation) | - | -€2,396 | €0 | €0 | €1,028 | - |
| Change in cash | - | -€34,276 | €20 | €2,473 | €1,301 | ▼ 47.4% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €151,012
Net result €151,012 after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.22
Current ratio from 0.41 to 1.22; short-term debt falls from €253,449 to €77,774.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet -€39,005
Net result drops to -€39,005, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €19,976
Net result €19,976 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-10
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 6 acts read
About the unread acts
We know of 6 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
6 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, Kruisem · 1 establishment unit since 2010
Ground area
3,356 m²
Building footprint
1,325 m²
Volume, LiDAR
11,176 m³
Parcel 45017A1073/00P000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Crescere
since 20102.185.934.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017A1073/00P000 | Flanders | 3,356 m² | 1 · 1,325 m² | 9.8 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 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 2024 · 3 entries · 734 EUR awarded · 1,055 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 687 EUR | 687 EUR |
| 2023 | 1 | 0 EUR | 321 EUR |
| 2022 | 1 | 47 EUR | 47 EUR |
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Of 504 companies in sector 47713 we hold annual accounts for 195. 151 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
Founded12-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823219994
Also
9925:BE0823219994
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.