KREDENA
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
on the day
2021
11 d early
2020
36 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 10 days before 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 (1)
Financials · fiscal year 2023, micro schema
Equity
€120,457▼ 32.9%
2022 · €179,649
Total assets
€471,041▲ 75.9%
2022 · €267,796
Net result
-€14,792
2022 · €47,690
Working capital
€6,609▼ 96.2%
2022 · €174,530
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
Line20192020202120222023
Operating result€35,987€37,146▲ 3.2%€65,057▲ 75.1%€77,752▲ 19.5%-€6,160
Net result€24,360€21,313▼ 12.5%€44,404▲ 108%€47,690▲ 7.4%-€14,792
Equity€66,241▲ 58.2%€87,555▲ 32.2%€131,959▲ 50.7%€179,649▲ 36.1%€120,457▼ 32.9%
Total assets€163,314▲ 16.0%€179,937▲ 10.2%€200,937▲ 11.7%€267,796▲ 33.3%€471,041▲ 75.9%
Debt€97,073▼ 1.8%€92,382▼ 4.8%€68,978▼ 25.3%€88,146▲ 27.8%€350,584▲ 298%
Working capital€79,311▲ 21.0%€101,962▲ 28.6%€138,791▲ 36.1%€174,530▲ 25.8%€6,609▼ 96.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €6,160 after €77,752 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €471,041
Fixed assets
€251,443 ▲ 1,925%
Current assets
€219,598 ▼ 14.0%
Equity and liabilities €471,041
Equity
€120,457 ▼ 32.9%
Debt
€350,584 ▲ 298%
Debt's share of the balance-sheet total rises from 32.9% to 74.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,787▼
2022 · €79,487
Cash flow
-€11,419▼
2022 · €49,426
Current ratio
1.03▼
2022 · 3.16
Debt to equity
2.91▲
2022 · 0.49
ROE
-12.3%▼
2022 · 26.5%
ROA
-3.1%▼
2022 · 17.8%
Interest coverage
-0.33▼
2022 · 21.79
Debt ≤ 1 year
€212,989▲
2022 · €80,849
Debt > 1 year
€136,399▲
2022 · €5,903
Income taxes
€233▼
2022 · €26,414
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,392 | €1,392 | €2,245 | €1,736 | €3,373 | ▲ 94.4% |
| Other operating charges640/8 | - | - | €1,617 | €2,090 | €2,076 | ▼ 0.7% |
| Non-recurring operating charges66A | - | - | - | €1,236 | - | - |
| Gross operating margin9900 | €39,059 | €40,269 | €68,920 | €82,812 | -€711 | ▼ 101% |
| Operating profit (loss)9901 | €35,987 | €37,146 | €65,057 | €77,752 | -€6,160 | ▼ 108% |
| Financial income75/76B | - | - | - | €1 | €1 | ▼ 17.5% |
| Recurring financial income75 | - | - | - | €1 | €1 | ▼ 17.5% |
| Financial charges65/66B | - | - | €1,968 | €3,648 | €8,400 | ▲ 130% |
| Recurring financial charges65 | €4,134 | €2,671 | €1,968 | €3,648 | €8,400 | ▲ 130% |
| Profit (loss) for the period before taxes9903 | €31,853 | €34,475 | €63,089 | €74,105 | -€14,559 | ▼ 120% |
| Income taxes67/77 | €7,493 | €13,162 | €18,685 | €26,414 | €233 | ▼ 99.1% |
| Profit (loss) for the period9904 | €24,360 | €21,313 | €44,404 | €47,690 | -€14,792 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | €24,360 | €21,313 | €44,404 | €47,690 | -€14,792 | ▼ 131% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,314 | €179,937 | €200,937 | €267,796 | €471,041 | ▲ 75.9% |
| Fixed assets21/28 | €5,706 | €4,314 | €2,069 | €12,416 | €251,443 | ▲ 1,925% |
| Intangible fixed assets21 | €1,888 | €1,416 | €944 | €472 | - | - |
| Tangible fixed assets22/27 | €3,819 | €2,898 | €1,125 | €11,944 | €9,043 | ▼ 24.3% |
| Plant, machinery and equipment23 | - | - | - | €2,156 | €1,921 | ▼ 10.9% |
| Furniture and vehicles24 | - | - | €1,125 | €9,788 | €7,122 | ▼ 27.2% |
| Financial fixed assets28 | - | - | - | - | €242,400 | - |
| Current assets29/58 | €157,608 | €175,623 | €198,868 | €255,380 | €219,598 | ▼ 14.0% |
| Amounts receivable after more than one year29 | - | - | €81,841 | €94,293 | €86,018 | ▼ 8.8% |
| Trade receivables290 | - | - | €81,841 | €94,293 | €86,018 | ▼ 8.8% |
| Amounts receivable within one year40/41 | €4,586 | €13,897 | €27,316 | €57,416 | €96,423 | ▲ 67.9% |
| Other amounts receivable41 | - | - | €27,316 | €57,416 | €96,423 | ▲ 67.9% |
| Current investments50/53 | €44,400 | €44,400 | €44,400 | €44,400 | - | - |
| Cash at bank and in hand54/58 | €1 | €7,068 | €777 | €874 | €4,609 | ▲ 427% |
| Deferred charges and accrued income490/1 | - | - | €44,534 | €58,397 | €32,548 | ▼ 44.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,314 | €179,937 | €200,937 | €267,796 | €471,041 | ▲ 75.9% |
| Equity10/15 | €66,241 | €87,555 | €131,959 | €179,649 | €120,457 | ▼ 32.9% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €47,641 | €68,955 | €113,359 | €161,049 | €116,649 | ▼ 27.6% |
| Non-distributable reserves130/1 | - | - | €46,260 | €46,260 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Own shares acquired1312 | - | - | €44,400 | €44,400 | - | - |
| Distributable reserves133 | - | - | €67,099 | €114,789 | €116,649 | ▲ 1.6% |
| Profit (loss) carried forward14 | - | -€23,217 | - | - | -€14,792 | - |
| Amounts payable17/49 | €97,073 | €92,382 | €68,978 | €88,146 | €350,584 | ▲ 298% |
| Amounts payable after more than one year17 | €18,347 | €18,721 | €4,057 | €5,903 | €136,399 | ▲ 2,211% |
| Financial debts170/4 | - | - | €4,057 | €5,903 | €136,399 | ▲ 2,211% |
| Amounts payable within one year42/48 | €78,297 | €73,661 | €60,077 | €80,849 | €212,989 | ▲ 163% |
| Current portion of amounts payable after more than one year42 | - | - | €14,665 | €6,047 | €22,338 | ▲ 269% |
| Financial debts43 | - | - | €8,339 | €28,289 | €18,162 | ▼ 35.8% |
| Credit institutions430/8 | - | - | €8,339 | €28,289 | €18,162 | ▼ 35.8% |
| Trade debts44 | €19,978 | €11,659 | €5,442 | €11,900 | €9,226 | ▼ 22.5% |
| Suppliers440/4 | - | - | €5,442 | €11,900 | €9,226 | ▼ 22.5% |
| Taxes, remuneration and social security45 | - | - | €21,846 | €25,099 | €16,414 | ▼ 34.6% |
| Taxes450/3 | - | - | €21,846 | €25,099 | €16,414 | ▼ 34.6% |
| Other amounts payable47/48 | - | - | €9,785 | €9,514 | €146,849 | ▲ 1,443% |
| Accrued charges and deferred income492/3 | - | - | €4,844 | €1,394 | €1,195 | ▼ 14.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,360 | €21,313 | €44,404 | €47,690 | -€14,792 | ▼ 131% |
| + Depreciation and write-downs630 | €1,392 | €1,392 | €2,245 | €1,736 | €3,373 | ▲ 94.4% |
| Operating cash flow (approximation) | €25,753 | €22,706 | €46,649 | €49,426 | -€11,419 | ▼ 123% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€12,083 | -€242,400 | ▼ 1,906% |
| Change in cash | - | €7,067 | -€6,292 | €97 | €3,735 | ▲ 3,733% |
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
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €47,690 ▲7.4%
Operating result €77,752, net result €47,690, both a record.
31-12
Financial
Equity above €150,000Eq €179,649 ▲36.1%
4 profitable years in a row build equity to €179,649.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €131,959 ▲50.7%
3 profitable years in a row build equity to €131,959.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €24,360
Net result €24,360 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 73 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 157 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- ABECO
- KREDENA
Highest known parent: ABECO. The sources do not say who stands above it.
Owners 1
- ABECOparent88%
Holdings 1
-
100%
According to the 2023 annual accounts of KREDENA and those 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
2023 to 2024 · 2 entries · 391 EUR awarded · 391 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 260 EUR | 260 EUR |
| 2023 | 1 | 131 EUR | 131 EUR |