Kredeurne
ActiveSummary
Kredeurne has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-28k) and a net result of €38k. Equity is shrinking by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 0.28 in 2023; short-term debt: 98.5% and cash: 67.5% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-62%
Return on assets
83%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6162 sector peers (2024).
NBB · sector comparisonPosition among 6162 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
33 d early
2022
49 d early
2021
48 d early
2020
45 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-28k▲ 57.3%
2023 · €-66k
Total assets
€46k▲ 28.4%
2023 · €36k
Net result
€38k
2023 · €-22k
Working capital
€-9k▲ 80.6%
2023 · €-49k
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
Line20202021202220232024
Operating result€-3k€-1k▲ 67.3%€-25k▼ 2,201%€-21k▲ 14.8%€39k
Net result€-7k€-3k▲ 62.0%€-26k▼ 936%€-22k▲ 14.5%€38k
Equity€-15k▼ 76.4%€-18k▼ 16.5%€-44k▼ 147%€-66k▼ 50.8%€-28k▲ 57.3%
Total assets€61k▲ 70.8%€51k▼ 15.4%€45k▼ 11.6%€36k▼ 21.2%€46k▲ 28.4%
Debt€76k▲ 71.9%€69k▼ 9.0%€89k▲ 29.3%€102k▲ 14.3%€74k▼ 27.3%
Working capital€-35k▼ 47.3%€-38k▼ 6.8%€-28k▲ 25.9%€-49k▼ 73.7%€-9k▲ 80.6%
Staff (FTE)2.6▲ 30.0%4▲ 53.8%3.4▼ 15.0%2.2▼ 35.3%0.4▼ 81.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €39k after a loss of €21k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46k
Fixed assets
€10k ▼ 39.5%
Current assets
€36k ▲ 88.3%
Key figures and ratios
EBITDA
€50k▲
2023 · €-10k
Cash flow
€49k▲
2023 · €-11k
Solvency
-62.0%▲
2023 · -186.2%
Current ratio
0.79▲
2023 · 0.28
Quick ratio
0.72▲
2023 · 0.22
Debt to equity
-2.61▼
2023 · -1.54
ROA
83.0%▲
2023 · -62.7%
Interest coverage
83.83▲
2023 · -9.69
Debt ≤ 1 year
€45k▼
2023 · €67k
Debt > 1 year
€29k▼
2023 · €35k
Staff costs
€24k▼
2023 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €70k | €99k | €89k | €24k | ▼ 73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €12k | €11k | €11k | ▲ 0.1% |
| Other operating charges640/8 | - | €550 | €552 | €657 | €623 | ▼ 5.2% |
| Gross operating margin9900 | €65k | €81k | €86k | €79k | €74k | ▼ 6.0% |
| Operating profit (loss)9901 | €-3k | €-1k | €-25k | €-21k | €39k | ▲ 280% |
| Financial income75/76B | - | - | - | €13 | €102 | ▲ 685% |
| Recurring financial income75 | - | - | - | €13 | €102 | ▲ 685% |
| Financial charges65/66B | - | €1k | €1k | €1k | €596 | ▼ 42.2% |
| Recurring financial charges65 | €3k | €1k | €1k | €1k | €596 | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €-7k | €-3k | €-26k | €-22k | €38k | ▲ 270% |
| Profit (loss) for the period9904 | €-7k | €-3k | €-26k | €-22k | €38k | ▲ 270% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-3k | €-26k | €-22k | €38k | ▲ 270% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61k | €51k | €45k | €36k | €46k | ▲ 28.4% |
| Fixed assets21/28 | €49k | €39k | €28k | €17k | €10k | ▼ 39.5% |
| Intangible fixed assets21 | €13k | €10k | €6k | €3k | - | - |
| Tangible fixed assets22/27 | €32k | €25k | €18k | €10k | €7k | ▼ 34.3% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €5k | ▲ 291% |
| Other tangible fixed assets26 | - | €23k | €16k | €9k | €1k | ▼ 83.7% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €12k | €13k | €18k | €19k | €36k | ▲ 88.3% |
| Stocks and contracts in progress3 | €7k | €5k | €5k | €4k | €3k | ▼ 27.0% |
| Stocks30/36 | - | €5k | €5k | €4k | €3k | ▼ 27.0% |
| Amounts receivable within one year40/41 | €716 | €690 | €600 | €5k | €113 | ▼ 97.9% |
| Trade receivables40 | - | €690 | €600 | €105 | €78 | ▼ 25.5% |
| Other amounts receivable41 | - | - | - | €5k | €35 | ▼ 99.3% |
| Cash at bank and in hand54/58 | €2k | €5k | €11k | €8k | €31k | ▲ 287% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €2k | €2k | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61k | €51k | €45k | €36k | €46k | ▲ 28.4% |
| Equity10/15 | €-15k | €-18k | €-44k | €-66k | €-28k | ▲ 57.3% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-28k | €-30k | €-56k | €-79k | €-41k | ▲ 48.3% |
| Amounts payable17/49 | €76k | €69k | €89k | €102k | €74k | ▼ 27.3% |
| Amounts payable after more than one year17 | €26k | €19k | €44k | €35k | €29k | ▼ 16.0% |
| Financial debts170/4 | - | €19k | €44k | €35k | €29k | ▼ 16.0% |
| Amounts payable within one year42/48 | €47k | €50k | €45k | €67k | €45k | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | - | €8k | €9k | €9k | €21k | ▲ 126% |
| Trade debts44 | €27k | €25k | €9k | €32k | €7k | ▼ 77.5% |
| Suppliers440/4 | - | €25k | €9k | €32k | €7k | ▼ 77.5% |
| Taxes, remuneration and social security45 | - | €10k | €20k | €13k | €10k | ▼ 29.3% |
| Taxes450/3 | - | €4k | €8k | €8k | €4k | ▼ 50.8% |
| Remuneration and social security454/9 | - | €6k | €12k | €6k | €6k | ▼ 1.6% |
| Other amounts payable47/48 | - | €7k | €7k | €13k | €8k | ▼ 41.2% |
| Accrued charges and deferred income492/3 | - | €148 | €46 | €66 | €16 | ▼ 75.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-3k | €-26k | €-22k | €38k | ▲ 270% |
| + Depreciation and write-downs630 | €11k | €12k | €12k | €11k | €11k | ▲ 0.1% |
| Operating cash flow (approximation) | €4k | €9k | €-14k | €-11k | €49k | ▲ 549% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €-355 | €-5k | ▼ 1,249% |
| Change in cash | - | €4k | €5k | €-3k | €23k | ▲ 924% |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €38k
Net result €38k after 4 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brecht · 1 establishment unit since 2010
Ground area
8,572 m²
Building footprint
271 m²
Volume, LiDAR
1,788 m³
2 parcels, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Kreatos
since 20102.193.243.046
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0219/00Y002 | Flanders | 7,744 m² | 1 · 88 m² | 14.6 m · 4 fl. |
| 11009M0050/00W008 | Flanders | 828 m² | 1 · 184 m² | 6.0 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.
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 4 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 4 ended approvals
Kapper (so)
Kapper-stylist duaal (so)
Kapper (so)
Kapper-salonverantwoordelijke (so)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,739 companies in sector 96210 we hold annual accounts for 2,827. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
47789Other retail sale of new goods
73300Public relations and communication consultancy
82990Other business support services
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.