Public limited company · founded 1982 · 44 yrs activeIndustrieweg-Noord 1152, 3660 Oudsbergen, BelgiumKBO/BCE: BE 0422.344.235
Summary
KREON has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.1m and a net result of -€1.7m. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 35% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability9▼-4
Solvency56▼-11
Growth47▼-16
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 0.89 in 2024; short-term debt: 41.9% and cash: 0.4% of total assets), and 68.6% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
KREON was incorporated on 20 January 1982.1Between 2010 and 2024 the capital was increased 2 times, most recently to EUR 15 million.23In 2010 the company absorbed Vektron NV by merger.2The board currently has 7 members; Kristof Pycke has served longest, since 2020.4Revenue fell from EUR 21 million in 2018 to EUR 18 million in 2025 and headcount from 65.1 to 61.5 full-time equivalents.5
The operating result stays negative: a loss of €5.7m in 2025 against €4.0m 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 €38.2m
47.7%
52.3%
Fixed assets€18.2m ▲ 0.2%
Current assets€20.0m ▲ 33.9%
Equity and liabilities €38.6m
31.4%
68.6%
Equity€12.1m ▼ 12.6%
Debt€26.5m ▲ 37.4%
Debt's share of the balance-sheet total rises from 58.2% to 68.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€5.0m▼
2024 · -€3.3m
Cash flow
-€1.1m▼
2024 · €774,585
Current ratio
1.24▲
2024 · 0.89
Quick ratio
0.92▲
2024 · 0.61
Debt to equity
2.19▲
2024 · 1.39
ROE
-14.4%▼
2024 · 0.3%
ROA
-4.5%▼
2024 · 0.1%
Interest coverage
-12.50▼
2024 · -8.44
Debt ≤ 1 year
€16.1m▼
2024 · €16.8m
Debt > 1 year
€10.1m▲
2024 · €2.3m
Income taxes
€4,529▼
2024 · €22,433
Staff costs
€5.0m▲
2024 · €4.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 815 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
Medium-sized
20 years or older
solvency 30% or more
a small loss
0.6%went bankrupt
2.8%stopped otherwise
96%still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.6%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 86 lines
Balance sheetCode20242025
Assets
Total assets20/58€33.1m€38.6m▲
Formation expenses20-€362,816
Fixed assets21/28€18.2m€18.2m▲
Intangible fixed assets21€93,895€63,927▼
Tangible fixed assets22/27€9.2m€9.2m=
Land and buildings22€7.9m€7.6m▼
Plant, machinery and equipment23€897,915€769,070▼
Furniture and vehicles24€112,596€82,638▼
Assets under construction and advance payments27€251,357€762,653▲
Financial fixed assets28€8.9m€9.0m▲
Affiliated companies280/1€8.9m€8.9m▲
Participating interests280€8.9m€8.9m=
Amounts receivable281€1,784€70,579▲
Other financial fixed assets284/8€9,240€9,240=
Amounts receivable and cash guarantees285/8€9,240€9,240=
Current assets29/58€14.9m€20.0m▲
Amounts receivable after more than one year29€800,000-
Trade receivables290€800,000-
Stocks and contracts in progress3€4.7m€5.1m▲
Stocks30/36€4.7m€5.1m▲
Raw materials and consumables30/31€3.1m€3.2m▲
Work in progress32€449,833€466,168▲
Finished goods33€1.2m€1.4m▲
Amounts receivable within one year40/41€8.9m€14.4m▲
Trade receivables40€7.2m€11.3m▲
Other amounts receivable41€1.7m€3.1m▲
Cash at bank and in hand54/58€155,699€153,444▼
Deferred charges and accrued income490/1€355,567€362,801▲
Equity and liabilities
Total equity and liabilities10/49€33.1m€38.6m▲
Equity10/15€13.8m€12.1m▼
Contributions10/11€15.2m€15.2m=
Capital10€15.2m€15.2m=
Issued capital100€15.2m€15.2m=
Reserves13€714,726€714,726=
Non-distributable reserves130/1€292,042€292,042=
Legal reserve130€292,042€292,042=
Distributable reserves133€422,684€422,684=
Profit (loss) carried forward14-€2.0m-€3.8m▼
Amounts payable17/49€19.3m€26.5m▲
Amounts payable after more than one year17€2.3m€10.1m▲
Financial debts170/4€2.3m€10.1m▲
Other loans174€2.3m€10.1m▲
Amounts payable within one year42/48€16.8m€16.1m▼
Financial debts43€5.7m€5.7m▼
Credit institutions430/8€5.7m€5.7m▼
Trade debts44€3.7m€5.7m▲
Suppliers440/4€3.7m€5.7m▲
Advances received on contracts in progress46-€226,700
Taxes, remuneration and social security45€812,026€1.1m▲
Taxes450/3€156,951€135,346▼
Remuneration and social security454/9€655,075€957,156▲
Other amounts payable47/48€6.6m€3.4m▼
Accrued charges and deferred income492/3€185,852€282,605▲
Income statementCode20242025
Operating income70/76A€20.8m€18.2m▼
Turnover70€20.3m€18.1m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€63,368-€262,522▼
Other operating income74€490,815€380,805▼
Operating charges60/66A€24.8m€23.9m▼
Goods for resale, raw materials and consumables60€9.7m€9.3m▼
Purchases600/8€9.5m€9.5m=
Change in stocks: decrease (increase)609€191,463-€266,829▼
Services and other goods61€9.3m€8.8m▼
Remuneration, social security and pensions62€4.9m€5.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€736,016€671,218▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€23,272-€1,930▼
Other operating charges640/8€67,180€86,810▲
Operating profit (loss)9901-€4.0m-€5.7m▼
Financial income75/76B€8.2m€4.6m▼
Recurring financial income75€136,181€872,875▲
Income from financial fixed assets750€74,638€181,060▲
Income from current assets751€37,904€16,800▼
Other financial income752/9€23,640€675,015▲
Non-recurring financial income76B€8.0m€3.7m▼
Financial charges65/66B€4.1m€646,570▼
Recurring financial charges65€599,261€646,570▲
Debt charges650€392,004€403,473▲
Other financial charges652/9€207,258€243,097▲
Non-recurring financial charges66B€3.5m-
Profit (loss) for the period before taxes9903€61,002-€1.7m▼
Income taxes67/77€22,433€4,529▼
Taxes670/3€22,433€4,529▼
Profit (loss) for the period9904€38,569-€1.7m▼
Profit (loss) for the period to be appropriated9905€38,569-€1.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2.0m-€3.8m▼
Profit (loss) brought forward from the previous period14P-€2.1m-€2.0m▲
Social balance
Average headcount (FTE)908764.161.5▼
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€20.7m
€23.1m
€20.4m
€20.8m
€18.2m
▼ 12.3%
Turnover70
€19.9m
€22.4m
€20.6m
€20.3m
€18.1m
▼ 11.0%
Change in stocks of work in progress, finished goods and contracts in progress71
€228,843
€28,041
-€570,953
-€63,368
-€262,522
▼ 314%
Other operating income74
€577,527
€726,071
€447,296
€490,815
€380,805
▼ 22.4%
Non-recurring operating income76A
€2,891
-
-
-
-
-
Operating charges60/66A
€21.5m
€24.0m
€22.8m
€24.8m
€23.9m
▼ 3.5%
Goods for resale, raw materials and consumables60
€8.6m
€9.7m
€8.8m
€9.7m
€9.3m
▼ 4.7%
Purchases600/8
€8.9m
€10.0m
€8.4m
€9.5m
€9.5m
=
Change in stocks: decrease (increase)609
-€286,922
-€219,179
€428,722
€191,463
-€266,829
▼ 239%
Services and other goods61
€7.8m
€9.0m
€8.4m
€9.3m
€8.8m
▼ 4.7%
Remuneration, social security and pensions62
€4.3m
€4.7m
€4.9m
€4.9m
€5.0m
▲ 1.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€718,145
€690,844
€706,802
€736,016
€671,218
▼ 8.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-€965
-€349,831
-
€23,272
-€1,930
▼ 108%
Other operating charges640/8
€67,867
€208,382
€104,630
€67,180
€86,810
▲ 29.2%
Operating profit (loss)9901
-€755,980
-€914,799
-€2.4m
-€4.0m
-€5.7m
▼ 41.3%
Financial income75/76B
€181,757
€245,385
€1.2m
€8.2m
€4.6m
▼ 43.4%
Recurring financial income75
€150,435
€206,402
€171,398
€136,181
€872,875
▲ 541%
Income from financial fixed assets750
-
€54,018
€80,993
€74,638
€181,060
▲ 143%
Income from current assets751
€37,858
€37,800
€37,800
€37,904
€16,800
▼ 55.7%
Other financial income752/9
€112,578
€114,585
€52,604
€23,640
€675,015
▲ 2,755%
Non-recurring financial income76B
€31,322
€38,983
€1.1m
€8.0m
€3.7m
▼ 53.3%
Financial charges65/66B
€339,565
€417,472
€433,311
€4.1m
€646,570
▼ 84.1%
Recurring financial charges65
€339,565
€417,472
€433,311
€599,261
€646,570
▲ 7.9%
Debt charges650
€13,071
€157,090
€192,822
€392,004
€403,473
▲ 2.9%
Other financial charges652/9
€326,494
€260,383
€240,489
€207,258
€243,097
▲ 17.3%
Non-recurring financial charges66B
-
-
-
€3.5m
-
-
Profit (loss) for the period before taxes9903
-€913,788
-€1.1m
-€1.6m
€61,002
-€1.7m
▼ 2,956%
Transfer from deferred taxes780
€4,301
€4,301
€90,597
-
-
-
Income taxes67/77
€3,972
€3,258
€4,810
€22,433
€4,529
▼ 79.8%
Taxes670/3
€3,972
€3,258
€4,810
€22,433
€4,529
▼ 79.8%
Profit (loss) for the period9904
-€913,460
-€1.1m
-€1.5m
€38,569
-€1.7m
▼ 4,629%
Transfer from tax-exempt reserves789
€12,902
€12,902
€271,791
-
-
-
Profit (loss) for the period to be appropriated9905
-€900,558
-€1.1m
-€1.2m
€38,569
-€1.7m
▼ 4,629%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€26.8m
€28.1m
€35.8m
€33.1m
€38.6m
▲ 16.5%
Formation expenses20
-
-
-
-
€362,816
-
Fixed assets21/28
€12.7m
€12.6m
€20.5m
€18.2m
€18.2m
▲ 0.2%
Intangible fixed assets21
€91,138
€83,177
€79,471
€93,895
€63,927
▼ 31.9%
Tangible fixed assets22/27
€10.2m
€9.9m
€9.6m
€9.2m
€9.2m
=
Land and buildings22
€8.9m
€8.7m
€8.3m
€7.9m
€7.6m
▼ 4.4%
Plant, machinery and equipment23
€829,974
€853,477
€915,180
€897,915
€769,070
▼ 14.3%
Furniture and vehicles24
€234,069
€191,648
€200,444
€112,596
€82,638
▼ 26.6%
Leasing and similar rights25
€37,496
€37,496
-
-
-
-
Assets under construction and advance payments27
€135,280
€134,742
€164,149
€251,357
€762,653
▲ 203%
Financial fixed assets28
€2.4m
€2.6m
€10.8m
€8.9m
€9.0m
▲ 0.8%
Affiliated companies280/1
€2.4m
€2.6m
€10.8m
€8.9m
€8.9m
▲ 0.8%
Participating interests280
€2.0m
€2.0m
€10.0m
€8.9m
€8.9m
=
Amounts receivable281
€363,358
€598,627
€730,204
€1,784
€70,579
▲ 3,857%
Other financial fixed assets284/8
€9,240
€9,240
€9,240
€9,240
€9,240
=
Amounts receivable and cash guarantees285/8
€9,240
€9,240
€9,240
€9,240
€9,240
=
Current assets29/58
€14.2m
€15.5m
€15.4m
€14.9m
€20.0m
▲ 33.9%
Amounts receivable after more than one year29
€1.8m
€1.8m
€1.8m
€800,000
-
-
Trade receivables290
€1.8m
€1.8m
€1.8m
€800,000
-
-
Stocks and contracts in progress3
€5.7m
€6.0m
€5.0m
€4.7m
€5.1m
▲ 7.3%
Stocks30/36
€5.7m
€6.0m
€5.0m
€4.7m
€5.1m
▲ 7.3%
Raw materials and consumables30/31
€3.5m
€3.7m
€3.3m
€3.1m
€3.2m
▲ 2.7%
Work in progress32
€434,019
€597,435
€464,813
€449,833
€466,168
▲ 3.6%
Finished goods33
€1.8m
€1.6m
€1.2m
€1.2m
€1.4m
▲ 21.4%
Amounts receivable within one year40/41
€5.9m
€7.2m
€7.9m
€8.9m
€14.4m
▲ 61.9%
Trade receivables40
€4.6m
€6.0m
€6.1m
€7.2m
€11.3m
▲ 57.5%
Other amounts receivable41
€1.3m
€1.2m
€1.8m
€1.7m
€3.1m
▲ 80.4%
Cash at bank and in hand54/58
€401,058
€286,413
€242,723
€155,699
€153,444
▼ 1.4%
Deferred charges and accrued income490/1
€382,133
€231,259
€392,300
€355,567
€362,801
▲ 2.0%
Equity and liabilities
Total equity and liabilities10/49
€26.8m
€28.1m
€35.8m
€33.1m
€38.6m
▲ 16.5%
Equity10/15
€8.4m
€7.3m
€13.8m
€13.8m
€12.1m
▼ 12.6%
Contributions10/11
€7.2m
€7.2m
€15.2m
€15.2m
€15.2m
=
Capital10
€7.2m
€7.2m
€15.2m
€15.2m
€15.2m
=
Issued capital100
€7.2m
€7.2m
€15.2m
€15.2m
€15.2m
=
Reserves13
€999,419
€986,517
€714,726
€714,726
€714,726
=
Non-distributable reserves130/1
€292,042
€292,042
€292,042
€292,042
€292,042
=
Legal reserve130
€292,042
€292,042
€292,042
€292,042
€292,042
=
Tax-exempt reserves132
€284,693
€271,791
-
-
-
-
Distributable reserves133
€422,684
€422,684
€422,684
€422,684
€422,684
=
Profit (loss) carried forward14
€219,332
-€853,610
-€2.1m
-€2.0m
-€3.8m
▼ 85.8%
Provisions and deferred taxes16
€94,898
€90,597
-
-
-
-
Deferred taxes168
€94,898
€90,597
-
-
-
-
Amounts payable17/49
€18.4m
€20.8m
€22.0m
€19.3m
€26.5m
▲ 37.4%
Amounts payable after more than one year17
€2.7m
€2.3m
€2.3m
€2.3m
€10.1m
▲ 347%
Financial debts170/4
€2.7m
€2.3m
€2.3m
€2.3m
€10.1m
▲ 347%
Leasing and similar obligations172
€7,342
-
-
-
-
-
Credit institutions173
€400,000
-
-
-
-
-
Other loans174
€2.3m
€2.3m
€2.3m
€2.3m
€10.1m
▲ 347%
Amounts payable within one year42/48
€15.7m
€18.4m
€19.7m
€16.8m
€16.1m
▼ 4.1%
Current portion of amounts payable after more than one year42
€862,498
€406,349
-
-
-
-
Financial debts43
€800,000
€2.7m
€4.9m
€5.7m
€5.7m
▼ 0.1%
Credit institutions430/8
€800,000
€2.7m
€4.9m
€5.7m
€5.7m
▼ 0.1%
Trade debts44
€4.4m
€5.2m
€4.5m
€3.7m
€5.7m
▲ 52.8%
Suppliers440/4
€4.4m
€5.2m
€4.5m
€3.7m
€5.7m
▲ 52.8%
Advances received on contracts in progress46
€962,261
€785,595
-
-
€226,700
-
Taxes, remuneration and social security45
€689,925
€871,039
€916,435
€812,026
€1.1m
▲ 34.5%
Taxes450/3
€111,932
€226,472
€196,870
€156,951
€135,346
▼ 13.8%
Remuneration and social security454/9
€577,993
€644,567
€719,565
€655,075
€957,156
▲ 46.1%
Other amounts payable47/48
€8.0m
€8.5m
€9.3m
€6.6m
€3.4m
▼ 47.9%
Accrued charges and deferred income492/3
-
€81,903
€85,968
€185,852
€282,605
▲ 52.1%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€913,460
-€1.1m
-€1.5m
€38,569
-€1.7m
▼ 4,629%
+ Depreciation and write-downs630
€718,145
€690,844
€706,802
€736,016
€671,218
▼ 8.8%
Operating cash flow (approximation)
-€195,315
-€395,000
-€786,737
€774,585
-€1.1m
▼ 239%
Investment in fixed assets (approximation)
-
-€658,006
-€8.5m
€1.5m
-€709,250
▼ 146%
Change in cash
-
-€114,645
-€43,690
-€87,024
-€2,255
▲ 97.4%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
07-07
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
29-06
State Gazette actAppointment: Rick Caris (director)
Permanent representative: Ben VAESSEN3 facts ▸
General meeting, 30-04-2026
Director appointment, Rick Caris (director)
Permanent representative, Ben VAESSEN
09-03
State Gazette actReappointments: Werner van Rethy, Kristof Pycke and 4 others
Permanent representatives: Andre Bomans, Ben Vaessen and Olaf Janssen · Appointment: Christian VON SASSEN (director)16 facts ▸
General meeting, 10-06-2025
Director reappointment, Werner van Rethy (director)
Director reappointment, Kristof Pycke (director)
Director reappointment, Kurt Brouwers (director)
Director reappointment, AMJ BHEER BVBA (director)
Director reappointment, Splendid BV (director)
Permanent representative, Andre Bomans
Permanent representative, Ben Vaessen
Auditor reappointment, EY Bedrijfsrevisoren BV
Permanent representative, Olaf Janssen
General meeting, 29-01-2026
Director appointment, Christian VON SASSEN (director)
+4 further facts in this act
2025
19-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
31-12
FinancialBack to profitnet €38,569
Net result €38,569 after 6 loss-making years.
08-07
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
23-01
State Gazette actCapital & shares
Capital increase · Share issue · Capital7 facts ▸
General meeting, 20-12-2023
Capital increase, €8.000.000
Share issue, kapitaalsaandelen zonder aanduiding van nominale waarde, 7344
Capital, €15.160.000
Statutes amendment
Inbreng in natura, SPLENDID
Share fractional value equalization, De fractiewaarde van de bestaande en de nieuwe aandelen wordt gelijkgetrokken zodat alle aandelen dezelfde fractiewaarde hebben
2023
31-12
FinancialEquity above €10mEq €13.8m ▲89.2%
Equity rises from €7.3m to €13.8m.
15-09
State Gazette actPurpose · Statutes amendment
Purpose change · Capital6 facts ▸
General meeting, 08-09-2023
Purpose change, Wijziging, uitbreiding en herformulering van het voorwerp door vervanging van artikel drie
Capital, €7.160.000
Statutes amendment
Statutes amendment
Statutes amendment
11-07
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
07-02
State Gazette actAppointment: AMJ BEHEER (director)
Permanent representative: André BOMANS · Resignation: VAESSEN ALUMINIUM (director) · Director discharge10 facts ▸
General meeting, 17-01-2022
Director appointment, AMJ BEHEER (director)
Permanent representative, André BOMANS
Director resignation, VAESSEN ALUMINIUM (director)
Director discharge, VAESSEN ALUMINIUM
Board composition, SPLENDID (director)
Board composition, Werner VAN RETHY (director)
Board composition, Kristof PYCKE (director)
Board composition, Kurt BROUWERS (director)
Board composition, AMJ BEHEER (director)
Show earlier events
2021
19-08
State Gazette actReappointment: EY Bedrijfsrevisoren (statutory auditor)
Mandate compensation3 facts ▸
General meeting, 28-06-2021
Auditor reappointment, EY Bedrijfsrevisoren (statutory auditor)
Mandate compensation, EY Bedrijfsrevisoren
20-07
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
29-04
State Gazette actAppointments: Kurt Brouwers, Kristof Pycke and Werner Van Rethy
Resignations: Kurt Brouwers, Kristof Pycke and 3 others · Permanent representatives: Ben Vaessen, Jozef Vaessen and Geert Verdonck · Veto right22 facts ▸
General meeting, 15-04-2020
Director appointment, Kurt Brouwers (director)
Director appointment, Kristof Pycke (director)
Director appointment, Werner Van Rethy (director)
Board meeting, 15-04-2020
Director resignation, Kurt Brouwers (lid directiecomité)
Director resignation, Kristof Pycke (lid directiecomité)
Director resignation, Werner Van Rethy (lid directiecomité)
Director resignation, DISTINGI (lid directiecomité)
Director resignation, SPLENDID (lid directiecomité)
Director appointment, Werner Van Rethy (managing director)
Director appointment, Kurt Brouwers (director)
+10 further facts in this act
2019
16-07
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
13-12
State Gazette actReappointments: SPLENDID BVBA (director) and Vaessen Industries NV (director)
Permanent representatives: Ben Vaessen and Jozef Vaessen · Resignation: BRIERS, BEKKERS & CO (statutory auditor) · Appointment: ERNST & YOUNG BEDRIJFSREVISOREN (statutory auditor)10 facts ▸
General meeting, 08-06-2018
Director reappointment, SPLENDID BVBA (director)
Permanent representative, Ben Vaessen
Director reappointment, Vaessen Industries NV (director)
Permanent representative, Jozef Vaessen
Director resignation, BRIERS, BEKKERS & CO (statutory auditor)
Auditor appointment, ERNST & YOUNG BEDRIJFSREVISOREN
Board meeting, 08-06-2018
Director reappointment, SPLENDID BVBA (managing director)
Director reappointment, SPLENDID BVBA (chair of the board)
26-10
State Gazette actAppointment: 27 MINUTES (lid directiecomité)
Permanent representative: Jurgen De Wolf · Mandate compensation6 facts ▸
Board meeting, 05-10-2018
Director appointment, 27 MINUTES (lid directiecomité)
Mandate compensation, 27 MINUTES
Permanent representative, Jurgen De Wolf
Board meeting, 05-10-2018
Director appointment, 27 MINUTES (lid directiecomité (taakverdeling: organisatie en uitvoering van alle product , brand & marketing strategie))
22-06
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
2016
18-11
State Gazette actResignation: Geert Verdonck (lid directiecomité)
Director resignation, Geert Verdonck (lid directiecomité)
Director appointment, DISTINGI (lid directiecomité)
Permanent representative, Geert Verdonck
Mandate compensation, DISTINGI
Board meeting, 30-09-2016
Director appointment, DISTINGI (lid directiecomité (taakverdeling))
07-09
State Gazette actResignation: Gerry Van Hissenhoven (member of the executive committee)
Appointment: Kurt Brouwers (member of the executive committee) · Permanent representative: Ben Vaessen · Mandate compensation7 facts ▸
Board meeting, 08/08/2016
Director resignation, Gerry Van Hissenhoven (member of the executive committee)
Director appointment, Kurt Brouwers (member of the executive committee)
Mandate compensation, Kurt Brouwers
Board meeting, 08/08/2016
Director appointment, Kurt Brouwers (organisatie en uitvoering van alle financiële en administratieve, it en hr activiteiten)
Permanent representative, Ben Vaessen
2015
29-10
State Gazette actReappointment: Briers, Bekkers & Co (statutory auditor)
Permanent representative: Simon Briers3 facts ▸
General meeting, 28-07-2015
Auditor reappointment, Briers, Bekkers & Co
Permanent representative, Simon Briers
28-10
State Gazette actResignation: Marc Gillet (member of the executive committee)
Appointment: Werner Van Rethy (voorzitter van het directiecomité)6 facts ▸
Board meeting, 18-05-2015
Director resignation, Marc Gillet (member of the executive committee)
Board meeting, 28-09-2015
Director resignation, Marc Gillet (voorzitter van het directiecomité)
Director appointment, Werner Van Rethy (voorzitter van het directiecomité)
Director appointment, Werner Van Rethy (dagdagelijkse leiding en operationeel beleid)
02-04
State Gazette actAppointments: Marc Gillet, Gerry Van Hissenhoven and Splendid
Permanent representative: Ben Vaessen · Mandate compensation12 facts ▸
Board meeting, 30-07-2014
Director appointment, Marc Gillet (member of the executive committee)
Director appointment, Gerry Van Hissenhoven (member of the executive committee)
Director appointment, Splendid (member of the executive committee)
Mandate compensation, Marc Gillet
Mandate compensation, Gerry Van Hissenhoven
Mandate compensation, Splendid
Permanent representative, Ben Vaessen
Board meeting, 30-07-2014
Director appointment, Marc Gillet (voorzitter van het directiecomité)
Director appointment, Marc Gillet (dagdagelijkse leiding en operationeel beleid)
Director appointment, Gerry Van Hissenhoven (financiële, administratieve, it en hr activiteiten)
02-04
State Gazette actAppointments: Kristof Pycke, Werner Van Rethy and Geert Verdonck
Mandate compensation9 facts ▸
Board meeting, 12-01-2015
Director appointment, Kristof Pycke (lid directiecomité)
Director appointment, Werner Van Rethy (lid directiecomité)
Director appointment, Geert Verdonck (lid directiecomité)
Mandate compensation, KREON
Board meeting, 12-01-2015
Director appointment, Kristof Pycke (verantwoordelijk voor productontwikkeling en onderzoek & ontwikkeling)
Director appointment, Werner Van Rethy (verantwoordelijk voor productie, logistiek, aankoop, planning, shipping, kwaliteit, lichtlabo, consultancy en project management)
Director appointment, Geert Verdonck (verantwoordelijk voor internationaal verkoopbeleid, aansturen country managers en verkoopteams, budgetten, resources, performance, verkoopstrategie, marktsegmenten en communicatie)
2014
01-09
State Gazette actStatutes amendment
Power of attorney3 facts ▸
General meeting, 29-07-2014
Statutes amendment
Power of attorney, Gedelegeerd bestuurder
2012
06-07
State Gazette actReappointments: Splendid BVBA, Vaessen Industries NV and Briers, Bekkers & Co
Permanent representatives: Ben Vaessen, Jos Vaessen and Simon Briers · Appointment: Splendid BVBA (managing director)8 facts ▸
General meeting, 08-05-2012
Director reappointment, Splendid BVBA (director)
Permanent representative, Ben Vaessen
Director reappointment, Vaessen Industries NV (director)
Permanent representative, Jos Vaessen
Director appointment, Splendid BVBA (managing director)
Exchange ratio approval, Goedkeuring van de ruilverhoudingsformule door bedrijfsrevisoren Simon Briers en Bekkers Alfons, vermeld in de notulen van de buitengewone algemene vergaderinge…
26-01
State Gazette actRestructuring
Merger · Dissolution · Capital increase8 facts ▸
General meeting, 31-12-2009
Merger, absorption, 01-01-2010
Dissolution, 01-01-2010
Capital increase, €6.712.861,16
Capital increase, €238,84
Capital, €7.160.000
Purpose change, Expansion of purpose to include activities of the absorbed company
Exchange ratio, 4281, 115681
2009
30-11
State Gazette actRestructuring
Merger1 fact ▸
Merger
2008
29-09
State Gazette actResignations: Jozef Vaessen (director) and Babeco (director)
Director reappointment, Dirk Bruyninckx (director)
Director appointment, Splendid BVBA (managing director)
Auditor reappointment, Briers, Bekkers & Co
2004
03-05
State Gazette actAppointment: Ben Vaessen (director)
Resignation: Jozef Vaessen (managing director)6 facts ▸
General meeting, 18-03-2004
Board meeting, 18-03-2004
Director appointment, Ben Vaessen (director)
Director resignation, Jozef Vaessen (managing director)
Director appointment, Ben Vaessen (managing director)
Director appointment, Ben Vaessen (chair of the board)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
24 of 24 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
8 directors, 3 in day-to-day management, no change since 2026
Lid directiecomité (taakverdeling: organisatie en uitvoering van alle product , brand & marketing strategie) · since 09-07-2018 · Private limited company · perm. rep.: Jurgen De Wolf
Not recently confirmed
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Verantwoordelijk voor productie, logistiek, aankoop, planning, shipping, kwaliteit, lichtlabo, consultancy en project management, from 12-01-2015 not ended, last confirmed 29-04-2020
Voorzitter van het directiecomité, from 01-10-2015 ended, last mentioned 28-10-2015
Lid directiecomité, from 09-07-2018 not ended, last confirmed 26-10-2018
Lid directiecomité (taakverdeling: organisatie en uitvoering van alle product , brand & marketing strategie), from 09-07-2018 not ended, last confirmed 26-10-2018
Verantwoordelijk voor internationaal verkoopbeleid, aansturen country managers en verkoopteams, budgetten, resources, performance, verkoopstrategie, marktsegmenten en communicatie, from 12-01-2015 ended, last mentioned 02-04-2015
1. Specifieke activiteiten: De analyse, onderzoek en ontwikkeling, productie, installatie en commercialisatie van: A/ Verlichtingsarmaturen... B/ Vast geïnstalleerde…
Full purpose
1. Specifieke activiteiten: De analyse, onderzoek en ontwikkeling, productie, installatie en commercialisatie van: A/ Verlichtingsarmaturen... B/ Vast geïnstalleerde bouwelementen... C/ Andere interieurartikelen... D/ Het verlenen van interieur- en lichtadvies... E/ De aan- en verkoop... 1. Algemene activiteiten: A/ Het verwerven van participaties... B/ Het aangaan van leningen... C/ Het verlenen van adviezen... D/ Het waarnemen van alle bestuursopdrachten... E/ Het ontwikkelen, kopen, verkopen... F/ Het verlenen van administratieve prestaties... G/ De aan- en verkoop... H/ Het onderzoek, de ontwikkeling... I/ Het stellen van zakelijke of persoonlijke zekerheden... 1. Beheer van een onroerend en roerend vermogen: A/ Het aanleggen... B/ Het aanleggen... 1. Bijzondere bepalingen: De vennootschap mag alle verrichtingen stellen...
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of KREON 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
3 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 268 companies in sector 46474 we hold annual accounts for 181. 31 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.