Crodere
ActiveSummary
The computed 12-month bankruptcy probability of Crodere is 1.6% (moderate). The 2025 annual accounts show equity of €21k and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 27965 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+61
Solvency34=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.18 in 2024; short-term debt: 55.6% and cash: 34.5% of total assets), and 90.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-1k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
on the day
2022
12 d early
2021
3 d early
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€252k
EBIT margin
2.0%
Net result
€-1k▲ 94.0%
2024 · €-23k
2018: €87
2019: €10k▲ +11061% vs 2018
2020: €5k▼ -45.7% vs 2019
2021: €19k▲ +252% vs 2020highest in 8 years
2022: €7k▼ -63.2% vs 2021
2023: €-3k▼ -145% vs 2022
2024: €-23k▼ -650% vs 2023lowest in 8 years
2025: €-1k▲ +94.0% vs 2024
2018 → 2025
Working capital
€28k▲ 19.8%
2024 · €23k
2018: €-3klowest in 8 years
2019: €4k▲ +208% vs 2018
2020: €17k▲ +364% vs 2019
2021: €36k▲ +105% vs 2020
2022: €85k▲ +139% vs 2021highest in 8 years
2023: €41k▼ -52.2% vs 2022
2024: €23k▼ -43.6% vs 2023
2025: €28k▲ +19.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€49k▲ 16.4%€46k▼ 6.3%€23k▼ 50.2%€21k▼ 6.1%
2021: €42k
2022: €49k▲ +16.4% vs 2021highest in 5 years
2023: €46k▼ -6.3% vs 2022
2024: €23k▼ -50.2% vs 2023
2025: €21k▼ -6.1% vs 2024lowest in 5 years
Operating result€27k-€12k▼ 55.8%€-2k€-24k▼ 1,193%€-629▲ 97.3%
2021: €27khighest in 5 years
2022: €12k▼ -55.8% vs 2021
2023: €-2k▼ -115% vs 2022
2024: €-24k▼ -1193% vs 2023lowest in 5 years
2025: €-629▲ +97.3% vs 2024
Net result€19k-€7k▼ 63.2%€-3k€-23k▼ 650%€-1k▲ 94.0%
2021: €19khighest in 5 years
2022: €7k▼ -63.2% vs 2021
2023: €-3k▼ -145% vs 2022
2024: €-23k▼ -650% vs 2023lowest in 5 years
2025: €-1k▲ +94.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €629 in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€76k ▼ 13.4%
Current assets
€158k ▲ 3.7%
Equity and liabilities €234k
Equity
€21k ▼ 6.1%
Debt
€213k ▼ 2.2%
Debt's share of the balance-sheet total rises from 90.5% to 90.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €-8k
Cash flow
€14k▲
2024 · €-8k
Current ratio
1.21▲
2024 · 1.18
Quick ratio
0.72▲
2024 · 0.67
Debt to equity
9.97▲
2024 · 9.58
ROE
-6.5%▲
2024 · -100.9%
ROA
-0.6%▲
2024 · -9.5%
Interest coverage
5.99▲
2024 · -3.56
Debt ≤ 1 year
€130k▲
2024 · €129k
Debt > 1 year
€81k▼
2024 · €88k
Income taxes
€221▲
2024 · €216
Staff costs
€84▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€241k€234k▼
Fixed assets21/28€88k€76k▼
Tangible fixed assets22/27€88k€76k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€68k€61k▼
Other tangible fixed assets26€7k€6k▼
Current assets29/58€152k€158k▲
Stocks and contracts in progress3€65k€64k▼
Stocks30/36€65k€64k▼
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€12k€12k▲
Other amounts receivable41€875€875=
Cash at bank and in hand54/58€74k€81k▲
Deferred charges and accrued income490/1€288-
Equity and liabilities
Total equity and liabilities10/49€241k€234k▼
Equity10/15€23k€21k▼
Contributions10/11€6k€6k=
Reserves13€33k€33k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-17k€-18k▼
Amounts payable17/49€218k€213k▼
Amounts payable after more than one year17€88k€81k▼
Financial debts170/4€88k€81k▼
Amounts payable within one year42/48€129k€130k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€4k€935▼
Suppliers440/4€4k€935▼
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€16k€15k▼
Other amounts payable47/48€102k€107k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€19k€84▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k=
Other operating charges640/8€3k€2k▼
Gross operating margin9900€13k€16k▲
Operating profit (loss)9901€-24k€-629▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-23k€-1k▲
Income taxes67/77€216€221▲
Profit (loss) for the period9904€-23k€-1k▲
Profit (loss) for the period to be appropriated9905€-23k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-18k▼
Profit (loss) brought forward from the previous period14P€6k€-17k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €397 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €11k | €23k | €22k | €19k | €84 | ▼ 99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €20k | €16k | €15k | €15k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €12k | €7k | - | - | - |
| Other operating charges640/8 | €2k | €2k | €3k | €3k | €2k | ▼ 42.8% |
| Gross operating margin9900 | €61k | €70k | €47k | €13k | €16k | ▲ 21.3% |
| Operating profit (loss)9901 | €27k | €12k | €-2k | €-24k | €-629 | ▲ 97.3% |
| Financial income75/76B | €2k | €3k | €2k | €3k | €2k | ▼ 40.8% |
| Recurring financial income75 | €2k | €3k | €2k | €3k | €2k | ▼ 40.8% |
| Financial charges65/66B | €3k | €3k | €3k | €2k | €2k | ▲ 2.3% |
| Recurring financial charges65 | €3k | €3k | €3k | €2k | €2k | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €26k | €12k | €-2k | €-23k | €-1k | ▲ 94.9% |
| Income taxes67/77 | €7k | €5k | €796 | €216 | €221 | ▲ 2.4% |
| Profit (loss) for the period9904 | €19k | €7k | €-3k | €-23k | €-1k | ▲ 94.0% |
| Profit (loss) for the period to be appropriated9905 | €19k | €7k | €-3k | €-23k | €-1k | ▲ 94.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291k | €344k | €278k | €241k | €234k | ▼ 2.5% |
| Fixed assets21/28 | €120k | €116k | €101k | €88k | €76k | ▼ 13.4% |
| Tangible fixed assets22/27 | €120k | €116k | €101k | €88k | €76k | ▼ 13.4% |
| Plant, machinery and equipment23 | €16k | €18k | €14k | €10k | €7k | ▼ 31.1% |
| Furniture and vehicles24 | €9k | €5k | €3k | €3k | €2k | ▼ 36.8% |
| Leasing and similar rights25 | €88k | €81k | €75k | €68k | €61k | ▼ 9.8% |
| Other tangible fixed assets26 | €8k | €12k | €10k | €7k | €6k | ▼ 13.1% |
| Current assets29/58 | €170k | €228k | €178k | €152k | €158k | ▲ 3.7% |
| Stocks and contracts in progress3 | €26k | €53k | €62k | €65k | €64k | ▼ 1.3% |
| Stocks30/36 | €26k | €53k | €62k | €65k | €64k | ▼ 1.3% |
| Amounts receivable within one year40/41 | €9k | €63k | €11k | €12k | €13k | ▲ 1.2% |
| Trade receivables40 | €8k | €62k | €10k | €12k | €12k | ▲ 1.3% |
| Other amounts receivable41 | €1k | €924 | €875 | €875 | €875 | = |
| Cash at bank and in hand54/58 | €135k | €112k | €105k | €74k | €81k | ▲ 9.0% |
| Deferred charges and accrued income490/1 | €97 | €72 | €82 | €288 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291k | €344k | €278k | €241k | €234k | ▼ 2.5% |
| Equity10/15 | €42k | €49k | €46k | €23k | €21k | ▼ 6.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €26k | €33k | €33k | €33k | €33k | = |
| Non-distributable reserves130/1 | €620 | €620 | - | - | - | - |
| Reserves not available under the articles1311 | €620 | €620 | - | - | - | - |
| Distributable reserves133 | €26k | €33k | €33k | €33k | €33k | = |
| Profit (loss) carried forward14 | €9k | €9k | €6k | €-17k | €-18k | ▼ 8.2% |
| Amounts payable17/49 | €249k | €296k | €233k | €218k | €213k | ▼ 2.2% |
| Amounts payable after more than one year17 | €114k | €103k | €96k | €88k | €81k | ▼ 8.4% |
| Financial debts170/4 | €114k | €103k | €96k | €88k | €81k | ▼ 8.4% |
| Amounts payable within one year42/48 | €135k | €143k | €137k | €129k | €130k | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €7k | €7k | €7k | ▲ 2.3% |
| Trade debts44 | €4k | - | €4k | €4k | €935 | ▼ 76.2% |
| Suppliers440/4 | €4k | - | €4k | €4k | €935 | ▼ 76.2% |
| Taxes, remuneration and social security45 | €23k | €27k | €23k | €16k | €15k | ▼ 2.4% |
| Taxes450/3 | €23k | €24k | €18k | €16k | €15k | ▼ 2.4% |
| Remuneration and social security454/9 | €350 | €3k | €6k | - | - | - |
| Other amounts payable47/48 | €97k | €104k | €103k | €102k | €107k | ▲ 4.2% |
| Accrued charges and deferred income492/3 | - | €50k | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €7k | €-3k | €-23k | €-1k | ▲ 94.0% |
| + Depreciation and write-downs630 | €20k | €20k | €16k | €15k | €15k | = |
| Operating cash flow (approximation) | €39k | €27k | €13k | €-8k | €14k | ▲ 276% |
| Investment in fixed assets (approximation) | - | €-16k | €-506 | €-3k | €-3k | ▼ 24.2% |
| Change in cash | - | €-23k | €-7k | €-31k | €7k | ▲ 122% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €19k ▲252%
Operating result €27k, net result €19k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 85 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Bekkevoort · 2 establishment units since 2016
Ground area
2,307 m²
Building footprint
593 m²
Volume, LiDAR
5,361 m³
2 parcels, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Crodere
since 20162.256.600.278
Crodere
since 20162.256.600.377
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0850/00T000 | Flanders | 1,220 m² | 1 · 549 m² | 14.6 m · 4 fl. |
| 24002H0098/00L000 | Flanders | 1,087 m² | 1 · 44 m² | 3.9 m · 1 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 7,324 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
Founded17-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42110Construction of roads and motorways
43120Site preparation
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
47714Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.