Summary
KREVAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €172,363 and a net result of -€9,587. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 8211 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
What stands out
Overview
0 of 3 deeds read#9 oldest company in Waregem, Finance and insurance sectorAccounts 148 d earlyTurnover not published (abridged schema)Financial institution: outside the modelProbability: sector outside the model
SignalsLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-12-2025, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
148 d early
2024
70 d early
2023
4 d early
2022
31 d early
2021
4 d early
2020
24 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity times 11current ratio 57.04
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €173,446Loss -€9,587Solvency 99.4%Liquidity 57.04
Total assets
€173,446▼ 9.9%
2019 - 2025
Net result
-€9,587▼ 101%
2019 - 2025
Equity
€172,363▼ 5.3%
2019 - 2025
Staff (FTE)
1.4=
2020 - 2021
Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in Waregem, Finance and insurance sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,994▲ 15.0%-€9,512▼ 36.0%-€5,680▲ 40.3%-€4,117▲ 27.5%-€9,573▼ 133%
Net result-€14,138below the sector's middle half▲ 37.6%-€16,237below the sector's middle half▼ 14.8%-€12,569below the sector's middle half▲ 22.6%-€4,766below the sector's middle half▲ 62.1%-€9,587below the sector's middle half▼ 101%
Equity€215,521within the sector's middle half▼ 59.3%€199,284within the sector's middle half▼ 7.5%€186,716within the sector's middle half▼ 6.3%€181,950within the sector's middle half▼ 2.6%€172,363within the sector's middle half▼ 5.3%
Total assets€342,429within the sector's middle half▼ 39.0%€303,292within the sector's middle half▼ 11.4%€221,706within the sector's middle half▼ 26.9%€192,522within the sector's middle half▼ 13.2%€173,446within the sector's middle half▼ 9.9%
Debt€126,908▲ 341%€104,008▼ 18.0%€34,990▼ 66.4%€10,572▼ 69.8%€1,083▼ 89.8%
Working capital-€5,106within the sector's middle half€9,560within the sector's middle half€24,476within the sector's middle half▲ 156%€43,255within the sector's middle half▲ 76.7%€60,697within the sector's middle half▲ 40.3%
Solvency62.9%within the sector's middle half▼ 31.5pp65.7%within the sector's middle half▲ 2.8pp84.2%above the sector's middle half▲ 18.5pp94.5%above the sector's middle half▲ 10.3pp99.4%above the sector's middle half▲ 4.9pp
Current ratio0.96within the sector's middle half▼ 9.201.10within the sector's middle half▲ 0.141.78within the sector's middle half▲ 0.685.09above the sector's middle half▲ 3.3157.04above the sector's middle half▲ 51.95
Return on assets (ROA)-4.1%below the sector's middle half▼ 0.1pp-5.4%below the sector's middle half▼ 1.2pp-5.7%below the sector's middle half▼ 0.3pp-2.5%below the sector's middle half▲ 3.2pp-5.5%below the sector's middle half▼ 3.1pp
Staff (FTE)1.4=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,573 in 2025 against €4,117 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 €173,446
Fixed assets
€111,666 ▼ 19.5%
Current assets
€61,780 ▲ 14.8%
Equity and liabilities €173,446
Equity
€172,363 ▼ 5.3%
Debt
€1,083 ▼ 89.8%
Debt's share of the balance-sheet total falls from 5.5% to 0.6%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
ROE
-5.6%▼
2024 · -2.6%
Debt ≤ 1 year
€1,083▼
2024 · €10,572
Income taxes
€501▲
2024 · €483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8,287 | €1,500 | - | - |
| Remuneration, social security and pensions62 | €5,949 | €129 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,546 | €40,230 | €28,601 | €27,029 | €27,029 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€2,599 | - | - | - | - | - |
| Other operating charges640/8 | €8,759 | €5,490 | €6,074 | €5,931 | €5,351 | ▼ 9.8% |
| Gross operating margin9900 | €46,661 | €36,336 | €28,995 | €28,843 | €22,807 | ▼ 20.9% |
| Operating profit (loss)9901 | -€6,994 | -€9,512 | -€5,680 | -€4,117 | -€9,573 | ▼ 133% |
| Financial income75/76B | €878 | €20 | €1 | €0 | €579 | ▲ 175,236% |
| Recurring financial income75 | €878 | €20 | €1 | €0 | €579 | ▲ 175,236% |
| Financial charges65/66B | €7,495 | €4,395 | €3,769 | €166 | €92 | ▼ 44.8% |
| Recurring financial charges65 | €7,495 | €4,395 | €3,769 | €166 | €92 | ▼ 44.8% |
| Profit (loss) for the period before taxes9903 | -€13,611 | -€13,887 | -€9,449 | -€4,283 | -€9,086 | ▼ 112% |
| Income taxes67/77 | €527 | €2,350 | €3,120 | €483 | €501 | ▲ 3.7% |
| Profit (loss) for the period9904 | -€14,138 | -€16,237 | -€12,569 | -€4,766 | -€9,587 | ▼ 101% |
| Transfer from tax-exempt reserves789 | - | €12,203 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€14,138 | -€4,034 | -€12,569 | -€4,766 | -€9,587 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €342,429 | €303,292 | €221,706 | €192,522 | €173,446 | ▼ 9.9% |
| Fixed assets21/28 | €227,177 | €194,326 | €165,725 | €138,696 | €111,666 | ▼ 19.5% |
| Tangible fixed assets22/27 | €227,177 | €194,326 | €165,725 | €138,696 | €111,666 | ▼ 19.5% |
| Land and buildings22 | €214,642 | €187,077 | €160,226 | €134,446 | €108,665 | ▼ 19.2% |
| Plant, machinery and equipment23 | €176 | - | - | - | - | - |
| Furniture and vehicles24 | €12,359 | €7,249 | €5,498 | €4,250 | €3,002 | ▼ 29.4% |
| Current assets29/58 | €115,252 | €108,966 | €55,981 | €53,827 | €61,780 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €7,491 | €2,355 | €7,050 | €1,932 | €14,334 | ▲ 642% |
| Trade receivables40 | €7,491 | €2,350 | €6,911 | €1,815 | €50 | ▼ 97.3% |
| Other amounts receivable41 | - | €4 | €139 | €117 | €14,284 | ▲ 12,076% |
| Cash at bank and in hand54/58 | €105,354 | €102,345 | €46,080 | €48,673 | €44,081 | ▼ 9.4% |
| Deferred charges and accrued income490/1 | €2,406 | €4,266 | €2,851 | €3,221 | €3,365 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €342,429 | €303,292 | €221,706 | €192,522 | €173,446 | ▼ 9.9% |
| Equity10/15 | €215,521 | €199,284 | €186,716 | €181,950 | €172,363 | ▼ 5.3% |
| Contributions10/11 | €150,567 | €150,567 | €150,567 | €150,567 | €150,567 | = |
| Reserves13 | €64,954 | €48,717 | €37,940 | €37,940 | €37,940 | = |
| Tax-exempt reserves132 | €12,203 | - | - | - | - | - |
| Distributable reserves133 | €52,751 | €48,717 | €37,940 | €37,940 | €37,940 | = |
| Profit (loss) carried forward14 | - | - | -€1,791 | -€6,556 | -€16,143 | ▼ 146% |
| Amounts payable17/49 | €126,908 | €104,008 | €34,990 | €10,572 | €1,083 | ▼ 89.8% |
| Amounts payable within one year42/48 | €120,358 | €99,406 | €31,505 | €10,572 | €1,083 | ▼ 89.8% |
| Trade debts44 | €18,180 | €3,554 | €10,896 | €6,014 | - | - |
| Suppliers440/4 | €18,180 | €3,554 | €10,896 | €6,014 | - | - |
| Taxes, remuneration and social security45 | €1,215 | €2,735 | €3,273 | €150 | €1,083 | ▲ 622% |
| Taxes450/3 | €1,215 | €2,735 | €3,273 | €150 | €1,083 | ▲ 622% |
| Other amounts payable47/48 | €100,962 | €93,117 | €17,336 | €4,409 | - | - |
| Accrued charges and deferred income492/3 | €6,551 | €4,601 | €3,485 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,138 | -€16,237 | -€12,569 | -€4,766 | -€9,587 | ▼ 101% |
| + Depreciation and write-downs630 | €41,546 | €40,230 | €28,601 | €27,029 | €27,029 | = |
| Operating cash flow (approximation) | €27,408 | €23,993 | €16,033 | €22,263 | €17,442 | ▼ 21.7% |
| Investment in fixed assets (approximation) | - | -€7,378 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,009 | -€56,265 | €2,593 | -€4,592 | ▼ 277% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
SPOOMAN
BE 0754.627.336
Haacht · Eq €172,373
D949
BE 0788.948.609
Antwerpen · Eq €172,375
Magnes
BE 0802.416.761
Dentergem · Eq €172,406
BRIEVAN
BE 0660.820.220
Genk · Eq €172,218
PGVL
BE 0639.965.418
Deinze · Eq €172,517
Of 24,721 companies in this sector we hold annual accounts for 19,804. 13,436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 03-12-2025Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Liquidity times 11current ratio 57.04
Current ratio from 5.09 to 57.04; short-term debt falls from €10,572 to €1,083.
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 5.09
Current ratio from 1.78 to 5.09; short-term debt falls from €31,505 to €10,572.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€22,646
Net result drops to -€22,646, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 9current ratio 10.16
Current ratio from 1.16 to 10.16; short-term debt falls from €111,273 to €28,758.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-03
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.
0 of 3 acts read
About the unread acts
We know of 3 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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Support & recognitions
1 funding sourceFlanders €1,6691 register with a recognitionLEI issued
Flemish government
€1,669
awarded · 2025
LEI
active
894500OV7A5DGIZ2Q747
Subsidies and aid
Flemish government
2025 · 1 entry · €1,669 awarded · €1,669 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €1,669 | €1,669 |
Recognitions · licences · registrations
Legal Entity Identifier
894500OV7A5DGIZ2Q747
Company details
Private limited company · founded 01-01-1983Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded01-01-1983
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423941468
Also
9925:BE0423941468
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1983
Ground area
778 m²
Building footprint
158 m²
Volume, LiDAR
853 m³
Parcel 34453D0171/00Y000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C CHRISTIAENS PVBA
since 1983unit no. 2.022.161.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453D0171/00Y000 | Flanders | 778 m² | 1 · 158 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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