KREDO KEUKENDESIGN
ActiveThe annual accounts of KREDO KEUKENDESIGN for fiscal year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €1.46M and a net result of €-494k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 7692 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-15
Solvency57▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.11 against 1.28 in 2024; short-term debt: 51.1% and cash: 3.6% of total assets), and 68% 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
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
Sector 43
higher
← 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
32%
Return on assets
-10.8%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
51 d early
2023
58 d early
2022
40 d early
2021
45 d early
2020
31 d early
2019
9 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.46M▲ 93.1%
2024 · €759k
2018: €435k
2019: €503k
2020: €701k
2021: €613k
2022: €810k
2023: €841k
2024: €759k
2018 → 2025
Total assets
€4.58M▲ 38.7%
2024 · €3.30M
2018: €2.48M
2019: €3.08M
2020: €3.57M
2021: €3.57M
2022: €3.75M
2023: €4.24M
2024: €3.30M
2018 → 2025
Net result
€-494k▼ 500%
2024 · €-82k
2018: €119k
2019: €68k
2020: €198k
2021: €-88k
2022: €197k
2023: €31k
2024: €-82k
2018 → 2025
Working capital
€265k▼ 52.8%
2024 · €562k
2018: €307k
2019: €343k
2020: €515k
2021: €360k
2022: €544k
2023: €720k
2024: €562k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€613k-€810k▲ 32.2%€841k▲ 3.8%€759k▼ 9.8%€1.46M▲ 93.1%
Operating result€-85k-€265k€67k▼ 74.7%€-11k€-360k▼ 3,073%
Net result€-88k-€197k€31k▼ 84.3%€-82k€-494k▼ 500%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €360k in 2025 against €11k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.58M
Fixed assets
€1.97M▲ 156%
Current assets
€2.61M▲ 3.0%
Equity and liabilities €4.58M
Equity
€1.46M▲ 93.1%
Debt
€3.12M▲ 22.5%
The debt ratio falls from 77.0% to 68.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-271k▼
2024 · €80k
Cash flow
€-405k▼
2024 · €9k
Solvency
32.0%▲
2024 · 23.0%
Current ratio
1.11▼
2024 · 1.28
Quick ratio
0.37▼
2024 · 0.41
Debt / equity
2.13▼
2024 · 3.36
ROE
-33.7%▼
2024 · -10.8%
ROA
-10.8%▼
2024 · -2.5%
Interest coverage
-1.63▼
2024 · 0.55
Debt
€3.12M▲
2024 · €2.55M
Debt ≤ 1 year
€2.34M▲
2024 · €1.97M
Debt > 1 year
€775k▲
2024 · €574k
Income taxes
€2k▲
2024 · €2k
Staff costs
€1.43M▼
2024 · €1.47M
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€3.30M€4.58M▲
Fixed assets21/28€771k€1.97M▲
Tangible fixed assets22/27€766k€1.97M▲
Land and buildings22€633k€1.87M▲
Plant, machinery and equipment23€68k€53k▼
Furniture and vehicles24€15k€4k▼
Other tangible fixed assets26€50k€44k▼
Financial fixed assets28€4k€3k▼
Current assets29/58€2.53M€2.61M▲
Amounts receivable after more than one year29-€25k
Other amounts receivable291-€25k
Stocks and contracts in progress3€1.73M€1.75M▲
Stocks30/36€1.73M€1.75M▲
Amounts receivable within one year40/41€712k€657k▼
Trade receivables40€655k€569k▼
Other amounts receivable41€57k€88k▲
Cash at bank and in hand54/58€78k€165k▲
Deferred charges and accrued income490/1€12k€16k▲
Equity and liabilities
Total equity and liabilities10/49€3.30M€4.58M▲
Equity10/15€759k€1.46M▲
Contributions10/11€230k€230k=
Revaluation surpluses12-€1.20M
Reserves13€529k€264k▼
Distributable reserves133€529k€264k▼
Profit (loss) carried forward14-€-229k
Amounts payable17/49€2.55M€3.12M▲
Amounts payable after more than one year17€574k€775k▲
Financial debts170/4€574k€775k▲
Amounts payable within one year42/48€1.97M€2.34M▲
Current portion of amounts payable after more than one year42€147k€182k▲
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€1.10M€1.36M▲
Suppliers440/4€1.10M€1.36M▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€197k€229k▲
Taxes450/3€42k€40k▼
Remuneration and social security454/9€155k€189k▲
Other amounts payable47/48€27k€72k▲
Accrued charges and deferred income492/3€77€79▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.47M€1.43M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€89k▼
Other operating charges640/8€18k€33k▲
Gross operating margin9900€1.57M€1.20M▼
Operating profit (loss)9901€-11k€-360k▼
Financial income75/76B€76k€36k▼
Recurring financial income75€76k€36k▼
Financial charges65/66B€145k€167k▲
Recurring financial charges65€145k€167k▲
Profit (loss) for the period before taxes9903€-80k€-491k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-82k€-494k▼
Profit (loss) for the period to be appropriated9905€-82k€-494k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-494k▼
Transfer from equity791/2€82k€264k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908716.615.3▼
The notes to these accounts (24 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-494k
Net result drops to €-494k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.46M ▲93.1%
Equity rises from €759k to €1.46M.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €197k
Net result €197k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €198k ▲190%
Operating result €287k, net result €198k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €503k ▲15.7%
2 profitable years in a row build equity to €503k.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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.
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, Lummen · 2 establishment units since 1995
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.
Bosstraat 773560 LummenGround area
5,152 m²
Building footprint
1,697 m²
Volume, LiDAR
9,589 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Kredo keukendesign
since 19952.071.587.428
Kredo keukendesign
since 19952.071.587.527
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2749/00E000 | Flanders | 2,870 m² | 1 · 1,206 m² | 7.7 m · 2 fl. |
| 71037C2889/00E000 | Flanders | 2,282 m² | 1 · 491 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 5,065 EUR awarded · 4,697 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 470 EUR | 102 EUR |
| 2024 | 1 | 2,559 EUR | 2,559 EUR |
| 2023 | 1 | 2,036 EUR | 2,036 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 3,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-1995
Fiscal year end31-12
Abbreviation NL
KREDO
Activities, NACEBEL
43320Joinery installation
45421
31002Manufacture of furniture
36130
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.