KREADES
ActiveKREADES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €21k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+6
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 2.14 in 2024; short-term debt: 16.4% and cash: 24.9% of total assets), and 16.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
83.2%
Return on assets
8.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
20 d late
2023
26 d late
2022
21 d early
2021
72 d late
2020
47 d early
2019
49 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▲ 125%
2024 · €9k
2018: €20k
2019: €26k
2020: €34k
2021: €35k
2022: €46k
2023: €44k
2024: €9k
2018 → 2025
Working capital
€75k▲ 20.1%
2024 · €62k
2018: €76k
2019: €18k
2020: €58k
2021: €96k
2022: €8k
2023: €34k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€175k▼ 29.5%€216k▲ 23.4%€223k▲ 3.4%€212k▼ 4.9%
Operating result€49k-€72k▲ 47.5%€67k▼ 6.9%€23k▼ 65.9%€36k▲ 55.4%
Net result€35k-€46k▲ 31.1%€44k▼ 5.6%€9k▼ 78.7%€21k▲ 125%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€139k▼ 14.5%
Current assets
€116k▼ 0.3%
Equity and liabilities €255k
Equity
€212k▼ 4.9%
Debt
€43k▼ 23.0%
The debt ratio falls from 20.0% to 16.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €54k
Cash flow
€49k▲
2024 · €40k
Solvency
83.2%▲
2024 · 80.0%
Current ratio
2.78▲
2024 · 2.14
Quick ratio
2.78▲
2024 · 2.14
Debt / equity
0.20▼
2024 · 0.25
ROE
9.9%▲
2024 · 4.2%
ROA
8.3%▲
2024 · 3.4%
Interest coverage
16.69▲
2024 · 7.88
Debt
€43k▼
2024 · €56k
Debt ≤ 1 year
€42k▼
2024 · €55k
Income taxes
€12k▲
2024 · €8k
Staff costs
€61▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€279k€255k▼
Fixed assets21/28€162k€139k▼
Tangible fixed assets22/27€160k€136k▼
Land and buildings22€153k€128k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€2k€2k=
Current assets29/58€117k€116k▼
Amounts receivable within one year40/41€13k€0▼
Other amounts receivable41€13k€0▼
Current investments50/53€25k€51k▲
Cash at bank and in hand54/58€75k€63k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€279k€255k▼
Equity10/15€223k€212k▼
Contributions10/11€20k€20k=
Reserves13€203k€192k▼
Distributable reserves133€203k€192k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€56k€43k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€55k€42k▼
Current portion of amounts payable after more than one year42€9k€0▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€8k▲
Other amounts payable47/48€37k€32k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€61▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€28k▼
Other operating charges640/8€8k€3k▼
Gross operating margin9900€68k€67k▼
Operating profit (loss)9901€23k€36k▲
Financial income75/76B€926€1k▲
Recurring financial income75€926€1k▲
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€17k€33k▲
Income taxes67/77€8k€12k▲
Profit (loss) for the period9904€9k€21k▲
Profit (loss) for the period to be appropriated9905€9k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€21k▲
Transfer from equity791/2€2k€32k▲
Transfer to equity691/2€9k€21k▲
To other reserves6921€9k€21k▲
Profit to be distributed694/7€2k€32k▲
Return on contributions (dividend)694€2k€32k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €9k ▼78.7%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €200kEq €216k ▲23.4%
6 profitable years in a row build equity to €216k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €46k ▲31.1%
Operating result €72k, net result €46k, both a record.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.83
Current ratio from 2.06 to 4.83; short-term debt falls from €54k to €25k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €213k ▲19.3%
3 profitable years in a row build equity to €213k.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Frasnes-lez-Anvaing · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drève du Pureau(A) 57910 Frasnes-lez-AnvaingGround area
3,755 m²
Building footprint
175 m²
Parcel 51001A0452/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
KREADES
since 20022.095.790.314
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51001A0452/00E000 | Wallonia | 3,755 m² | 1 · 175 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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12.3
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 39,593 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.