KRONOS
ActiveSummary
KRONOS has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €129,041. Equity has been growing by about 28% per year since 2018. Its solvency ranks better than 69% of 482 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-12-1994 Normal situation
- Activity
- General maintenance and repair of cars and light vans (up to 3.5 tonnes) NACE 95311and 3 others
- Establishment unit
- 2.069.408.886 5100 Namur, since 21-12-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Board and ownership
Board
- Seventh HeavenManaging director · permanent representative Marc Van Dalen
- Simon FrançoiseDirector · since 22-11-2016
- Thierry Van DalenDirector · since 28-09-2023
Shareholders
- Edouard Mondronannual accounts 2022
- Guillaume Mondronannual accounts 2022
- Marc Van Dalenannual accounts 2022
- Holdings
- Shares in 1 company M3.BE
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Turnover
- €8.7m
- ▼ 12.0%
- Profit
- €129,041
- Equity
- €2.0m
- ▲ 7.0%
- Total assets
- €3.2m
- ▼ 1.3%
- Employees on 31-12-2025
- 3
- =
Filed on 17-06-2026, 44 days before the deadline
Score breakdownlowers riskLiquidity: current ratio 3.13, cash €832,640Founded in 1994Equity €2.0m (61.3% of total assets)Figures for financial year 2025 (filed on 17-06-2026)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 53% of micro companies in repair of computers and personal goods (NACE 95)
Financial strength · tick: 2024
Strong
Solvency
86+4
equity 61.3% of total assets
Liquidity
74+20
short-term debt 24.0% · cash 25.9%
Profitability
61+54
return on assets 4.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.4 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026highest value
07-2026: < 0.1%▼ -0.6 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.13 (3.83 in 2024), above the usual 1.5. Short-term debt is 24% and cash 25.9% of total assets. 38.7% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 71% of them on solvency, 75% on liquidity, 34% on profitability and 34% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
44 days early
2023
23 days early
2022
66 days late
2021
72 days late
2020
87 days late
2019
95 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (4 of the last 5 accounts filed within 88 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 31 filings
Turnover
€8.7m▼ 12.0%
2024 · €9.9m
EBIT margin
1.8%▲ 5.2pp
2024 · -3.4%
Net result
€129,041
2024 · -€374,242
Working capital
€1.6m▼ 5.3%
2024 · €1.7m
In the rankings
#7 company by equity in the province of Namur, Repair of computers and personal goods sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €160,226, after a loss of €335,937 in 2024.
Turnover€8.7m
2025
Operating result€0.2m
2025
Net result€0.1m
2025
Total assets€3.2m
2025
Equity€2.0m
2025
Debt€1.2m
2025
Working capital€1.6m
2025
EBIT margin1.8%
2025
Return on assets (ROA)4.0%
2025
Solvency61.3%
2025
Current ratio3.13
2025
Staff (FTE)3
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.9m-€4.9m▲ 24.1%€3.2m▼ 34.6%€7.5m▲ 137%€7.9m▲ 4.6%€10.2m▲ 29.9%€9.9m▼ 3.2%€8.7m▼ 12.0%
Operating result€0.2m-€0.3m▲ 89.1%-€0.02m€0.5m€0.3m▼ 35.2%€0.3m▲ 6.8%-€0.3m€0.2m
Net result€0.09m-€0.3m▲ 205%-€0.03mbelow the sector's middle half€0.5mabove the sector's middle half€0.3mabove the sector's middle half▼ 37.3%€5.4mabove the sector's middle half▲ 19×-€0.4mbelow the sector's middle half€0.1mwithin the sector's middle half
EBIT margin4.2%-6.4%▲ 2.2pp-0.5%▼ 6.9pp6.2%▲ 6.8pp3.9%▼ 2.4pp3.2%▼ 0.7pp-3.4%▼ 6.6pp1.8%▲ 5.2pp
Equity-€4.2m--€3.9m▲ 6.7%-€4.0mbelow the sector's middle half▼ 0.7%-€3.5mbelow the sector's middle half▲ 11.6%-€3.2mbelow the sector's middle half▲ 8.2%€2.2mabove the sector's middle half€1.8mabove the sector's middle half▼ 16.9%€2.0mabove the sector's middle half▲ 7.0%
Total assets€1.3m-€1.4m▲ 7.9%€1.5mwithin the sector's middle half▲ 5.7%€2.2mwithin the sector's middle half▲ 47.4%€2.4mwithin the sector's middle half▲ 8.0%€3.7mabove the sector's middle half▲ 56.8%€3.3mabove the sector's middle half▼ 12.0%€3.2mwithin the sector's middle half▼ 1.3%
Debt€5.5m-€5.3m▼ 3.3%€5.4m▲ 2.0%€5.6m▲ 3.7%€5.5m▼ 2.0%€1.5m▼ 73.2%€1.4m▼ 4.6%€1.2m▼ 12.1%
Working capital-€0.1m-€0.1m€0.1mwithin the sector's middle half▼ 12.5%€0.6mabove the sector's middle half▲ 416%€0.9mabove the sector's middle half▲ 37.4%€2.4mabove the sector's middle half▲ 180%€1.7mabove the sector's middle half▼ 28.2%€1.6mabove the sector's middle half▼ 5.3%
Solvency-325.1%--281.0%▲ 44.1pp-267.6%below the sector's middle half▲ 13.4pp-160.4%below the sector's middle half▲ 107.1pp-136.4%below the sector's middle half▲ 24.1pp59.9%above the sector's middle half▲ 196.2pp56.5%within the sector's middle half▼ 3.4pp61.3%within the sector's middle half▲ 4.8pp
Current ratio0.90-1.15▲ 0.251.12within the sector's middle half▼ 0.031.52within the sector's middle half▲ 0.401.99within the sector's middle half▲ 0.475.07above the sector's middle half▲ 3.073.83above the sector's middle half▼ 1.243.13above the sector's middle half▼ 0.70
Return on assets (ROA)7.2%-20.3%▲ 13.1pp-1.8%below the sector's middle half▼ 22.1pp21.0%above the sector's middle half▲ 22.8pp12.2%above the sector's middle half▼ 8.8pp146.8%above the sector's middle half▲ 134.6pp-11.5%below the sector's middle half▼ 158.3pp4.0%within the sector's middle half▲ 15.5pp
Staff (FTE)2-1.8▼ 10.0%1below the sector's middle half▼ 44.4%1below the sector's middle half=1.8below the sector's middle half▲ 80.0%2.7below the sector's middle half▲ 50.0%3.7within the sector's middle half▲ 37.0%3below the sector's middle half▼ 18.9%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€802,125 ▼ 12.1%
Current assets
€2.4m ▲ 2.9%
Equity and liabilities €3.2m
Equity
€2.0m ▲ 7.0%
Debt
€1.2m ▼ 12.1%
Debt's share of the balance-sheet total falls from 43.5% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€334,435▲
2024 · -€173,547
Cash flow
€303,250▲
2024 · -€211,852
Quick ratio
2.05▼
2024 · 2.34
Debt to equity
0.63▼
2024 · 0.77
ROE
6.6%▲
2024 · -20.3%
Interest coverage
6.59▲
2024 · -2.71
Debt ≤ 1 year
€771,389▲
2024 · €612,145
Debt > 1 year
€473,111▼
2024 · €759,210
Income taxes
€513▲
2024 · -€16
Customer credit
10 days▼
2024 · 10 days
Supplier credit
20 days▲
2024 · 12 days
Staff costs
€314,901▲
2024 · €296,392
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 4 | 3 | 3 |
| full-time | 1 | 2 | 4 | 3 | 3 |
| in full-time equivalents | 1 | 2 | 4 | 3 | 3 |
| Average over the year, in full-time equivalents | 1 | 1.8 | 2.7 | 3.7 | 3 |
| On a permanent contract | 1 | 2 | 2 | 3 | 3 |
| Joined | - | 2 | 5 | 1 | 3 |
| Left | - | 1 | 3 | 2 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,105 | €336,248 | €182,171 | €327,850 | €56,653 |
| Intangible fixed assets | - | - | - | €53,956 | €23,086 |
| Financial fixed assets | - | €4,000 | €29,595 | €5,000 | - |
| Depreciation and write-downs of the year | €25,532 | €60,383 | €90,677 | €162,390 | €174,209 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as KRONOS: general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311). They are comparable in size and age: total assets between €2.9m and €3.1m, founded between 1988 and 2001.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| KRONOS Namur | 1994 | €3.2m | €2.0m | €0.7m | €8.7m | €0.1m | 3 | 2025 |
| Garage Cappon Ichtegem | 1991 | €2.9m | €1.7m | €0.6m | - | €0.2m | 3 | 2025 |
| GARAGE PALERMO Wevelgem | 2000 | €2.9m | €2.2m | €0.7m | - | €0.2m | 3.3 | 2025 |
| AUTO EXCEPTION Ukkel | 1989 | €3.0m | €1.0m | €0.5m | - | €0.05m | 3.8 | 2025 |
| H.M.K. Sankt Vith | 1988 | €2.9m | €2.4m | €1.0m | - | €0.5m | 3 | 2025 |
| BOLLAND FILS Oupeye | 1989 | €3.1m | €1.1m | €0.6m | - | €0.1m | 4.1 | 2025 |
| AUTOHANDEL ALAIN HESSEL Staden | 2001 | €3.1m | €1.6m | €0.8m | - | €0.2m | 4 | 2026 |
They were chosen from the 3,073 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as KRONOS has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94.4%
was still going
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KRONOS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for KRONOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €3.9m | €4.9m | €3.2m | €7.5m | €7.9m | €10.2m | €9.9m | €8.7m | ▼ 12.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €6.9m | €7.4m | €9.6m | €9.9m | €8.2m | ▼ 16.4% |
| Remuneration, social security and pensions62 | - | - | - | €0.09m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.02m | €0.02m | €0.03m | €0.06m | €0.09m | €0.2m | €0.2m | ▲ 7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.08m | €0.04m | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.04m | - | -€0.04m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 18.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €97 | €0.001m | ▲ 722% |
| Gross operating margin9900 | €0.7m | €0.5m | €0.09m | €0.6m | €0.5m | €0.7m | €0.2m | €0.7m | ▲ 264% |
| Operating profit (loss)9901 | €0.2m | €0.3m | -€0.02m | €0.5m | €0.3m | €0.3m | -€0.3m | €0.2m | - |
| Financial income75/76B | - | - | - | €33 | €77 | €5.2m | €0.03m | €0.02m | ▼ 22.0% |
| Recurring financial income75 | - | €0.004m | €0.002m | €33 | €77 | €1.1m | €0.03m | €0.02m | ▼ 22.0% |
| Non-recurring financial income76B | - | - | - | - | - | €4.1m | - | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.05m | €0.06m | €0.05m | ▼ 20.8% |
| Recurring financial charges65 | €0.08m | €0.03m | €0.01m | €0.01m | €0.02m | €0.03m | €0.06m | €0.05m | ▼ 20.8% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.02m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.09m | €0.3m | -€0.03m | €0.5m | €0.3m | €5.4m | -€0.4m | €0.1m | - |
| Income taxes67/77 | €93 | - | €84 | €76 | €62 | €0.001m | -€16 | €0.001m | - |
| Profit (loss) for the period9904 | €0.09m | €0.3m | -€0.03m | €0.5m | €0.3m | €5.4m | -€0.4m | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.3m | -€0.03m | €0.5m | €0.3m | €5.4m | -€0.4m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.4m | €1.5m | €2.2m | €2.4m | €3.7m | €3.3m | €3.2m | ▼ 1.3% |
| Fixed assets21/28 | €0.3m | €0.4m | €0.4m | €0.3m | €0.6m | €0.7m | €0.9m | €0.8m | ▼ 12.1% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0.04m | €0.05m | ▲ 10.7% |
| Tangible fixed assets22/27 | €0.03m | €0.04m | €0.04m | €0.03m | €0.3m | €0.4m | €0.6m | €0.5m | ▼ 18.8% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.05m | €0.06m | €0.04m | ▼ 30.2% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.1m | €0.3m | €0.2m | ▼ 22.5% |
| Leasing and similar rights25 | - | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 14.3% |
| Other tangible fixed assets26 | - | - | - | - | €0.02m | €0.01m | €0.06m | €0.05m | ▼ 5.5% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.0% |
| Current assets29/58 | €1.0m | €1.0m | €1.1m | €1.8m | €1.7m | €3.0m | €2.3m | €2.4m | ▲ 2.9% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €0.9m | €0.8m | ▼ 8.9% |
| Stocks30/36 | - | - | - | €0.6m | €0.6m | €0.7m | €0.9m | €0.8m | ▼ 8.9% |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.3m | €0.6m | €0.4m | €1.0m | €0.6m | €0.6m | ▲ 0.4% |
| Trade receivables40 | - | - | - | €0.5m | €0.4m | €0.2m | €0.3m | €0.2m | ▼ 15.5% |
| Other amounts receivable41 | - | - | - | €0.08m | - | €0.8m | €0.3m | €0.3m | ▲ 15.2% |
| Current investments50/53 | - | - | - | - | - | €0.8m | €0.6m | €0.2m | ▼ 75.0% |
| Cash at bank and in hand54/58 | €0.06m | €0.1m | €0.2m | €0.6m | €0.7m | €0.4m | €0.3m | €0.8m | ▲ 229% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.007m | €0.02m | €0.02m | €0.03m | ▲ 83.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.5m | €2.2m | €2.4m | €3.7m | €3.3m | €3.2m | ▼ 1.3% |
| Equity10/15 | -€4.2m | -€3.9m | -€4.0m | -€3.5m | -€3.2m | €2.2m | €1.8m | €2.0m | ▲ 7.0% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€4.7m | -€4.4m | -€4.4m | -€4.0m | -€3.7m | €1.7m | €1.4m | €1.5m | ▲ 9.4% |
| Provisions and deferred taxes16 | - | - | - | €0.04m | €0.04m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.04m | €0.04m | - | - | - | - |
| Pensions and similar obligations160 | - | - | - | €0.04m | €0.04m | - | - | - | - |
| Amounts payable17/49 | €5.5m | €5.3m | €5.4m | €5.6m | €5.5m | €1.5m | €1.4m | €1.2m | ▼ 12.1% |
| Amounts payable after more than one year17 | €4.5m | €4.4m | €4.4m | €4.4m | €4.6m | €0.9m | €0.8m | €0.5m | ▼ 37.7% |
| Financial debts170/4 | - | - | - | €4.4m | €4.6m | €0.9m | €0.8m | €0.5m | ▼ 37.7% |
| Amounts payable within one year42/48 | €1.1m | €0.9m | €1.0m | €1.2m | €0.9m | €0.6m | €0.6m | €0.8m | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.05m | €0.2m | €0.3m | €0.3m | ▲ 4.1% |
| Trade debts44 | €0.2m | €0.2m | €0.3m | €0.6m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 33.8% |
| Suppliers440/4 | - | - | - | €0.6m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 33.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.01m | €0.02m | €0.003m | €0.04m | ▲ 12× |
| Taxes450/3 | - | - | - | - | - | - | €0.001m | €0.03m | ▲ 50× |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.01m | €0.02m | €0.003m | €0.009m | ▲ 267% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.6m | - | €112 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.05m | - | €0.05m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | €0.3m | -€0.03m | €0.5m | €0.3m | €5.4m | -€0.4m | €0.1m | - |
| + Depreciation and write-downs630 | €0.01m | €0.02m | €0.02m | €0.03m | €0.06m | €0.09m | €0.2m | €0.2m | ▲ 7.3% |
| Operating cash flow (approximation) | €0.1m | €0.3m | -€0.005m | €0.5m | €0.3m | €5.5m | -€0.2m | €0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.01m | -€0.02m | -€0.3m | -€0.2m | -€0.4m | -€0.06m | ▲ 83.1% |
| Change in cash | - | €0.07m | €0.1m | €0.4m | €0.03m | -€0.3m | -€0.2m | €0.6m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 17-06-2026 | 2026-00178655 | NBB |
| 31-12-2024 | full format | 17-06-2025 | 2025-00150479 | |
| 31-12-2023 | full format | 08-07-2024 | 2024-00227274 | |
| 31-12-2022 | full format | 05-10-2023 | 2023-00472798 | |
| 31-12-2021 | full format | 11-10-2022 | 2022-20458309 | |
| 31-12-2020 | full format | 26-10-2021 | 2021-73100525 | |
| 31-12-2019 | full format | 03-11-2020 | 2020-67900322 | |
| 31-12-2018 | full format | 21-10-2019 | 2019-70800302 | |
| 31-12-2017 | full format | 11-10-2018 | 2018-69100482 | |
| 31-12-2016 | full format | 26-09-2017 | 2017-62500324 |
Board & ownership
Directors
Directors
3 directors, 2 in day-to-day management, last change in 2024
Board 3
Simon Françoise
Current
Current
Seventh Heaven
Current
Director and managing director · since 01-07-2024 · Private limited company · permanent representative: Marc Van Dalen · listed in the 2025 annual accounts, filed on 17-06-2026
Day-to-day management 2
Marc Van Dalen
Current
Managing director · appointed in the act of 04-12-2023 · also on the board of 1 other company
Seventh Heaven
Current
Director and managing director · appointed in the act of 17-07-2024 · Private limited company · permanent representative: Marc Van Dalen
Permanent representatives 1
Marc Van Dalen
Current
Permanent representative · appointed in the act of 17-07-2024 · also on the board of 1 other company · for Seventh Heaven
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 20 : Représentation de la société 1. Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils…”
deed of 24-01-2024Owners and capital
Shareholders
3 ownersOwners 3
- Edouard Mondronnatural personSourceown accounts 2022share not stated
- Guillaume Mondronnatural personSourceown accounts 2022share not stated
- Marc Van Dalennatural personSourceown accounts 2022share not stated
Capital transactions
Capital over time
- 24-01-2024 Capital stated in the deed · €412,000 · 660 shares
Mandate history
7 people, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Simon Françoise |
|
| Thierry Van Dalen |
|
| Seventh Heaven |
|
| Marc Van Dalen |
|
| Format Efficiency SRL |
|
| Guillaume Mondron |
|
| SCS Vandooren & Cie |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Nombre minimum requis par la loi, assemblée générale peut mettre fin à tout moment,effet immédiat,sans motif”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Pouvoirs des liquidateurs, assemblée générale en décide autrement à la majorité des voix”
Articles of association, deed of 24-01-2024 (in French)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- M3.BEsubsidiarySourceown accounts 2022Equity €617,435 Profit of €314,941 in 2025 (profit of €286,242 in 2024) Checked score 9675%
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Seventh Heaven
via Marc Van Dalen · Permanent representative
→
ForMat Efficiency
via Marc Van Dalen · Administrateur gérant
former→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
17-06
full format · 44 days before the deadline
2025
31-12
Financial
Back to profitnet €129,041
The net result is €129,041, after one loss-making year.
17-06
full format · 44 days before the deadline
2024
31-12
Financial
Weakest financial yearnet -€374,242
The net result drops to -€374,242, the lowest from 2018 to 2025. It recovers the following year.
05-08
Gazette deed
MiscellaneousAmendment of the articles · Correction3 points ▸
Gazette deed
Miscellaneous
Amendment of the articles · Correction3 points ▸
- General meeting, 26-12-2023
- Amendment of the articles
- Correction, “lirecequisuit, erreursmatérielles” (deed in French)
17-07
Gazette deed
Appointment: Seventh Heaven SRL (director and managing director)Permanent representative: Marc Van Dalen · Resignation: Format Efficiency SRL (director and managing director)5 points ▸
Gazette deed
Appointment: Seventh Heaven SRL (director and managing director)
Permanent representative: Marc Van Dalen · Resignation: Format Efficiency SRL (director and managing director)5 points ▸
- General meeting, 19-06-2024
- Director appointment, Seventh Heaven SRL (director and managing director)
- Permanent representative, Marc Van Dalen (administrateur gérant et représentant permanent)
- Director resignation, Format Efficiency SRL (director and managing director)
- Permanent representative, Marc Van Dalen
08-07
full format · 23 days before the deadline
24-01
Gazette deed
Amendment of the articlesCapital · Power of attorney · Registered office clause5 points ▸
Gazette deed
Amendment of the articles
Capital · Power of attorney · Registered office clause5 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €412,000
- Other provision, “adoption de la résolution statuts, unanimité des voix” (deed in French)
- Power of attorney, Delphine COGNEAU
- Registered office clause, “5100 Naninne, rue des Pieds d'Alouette”, 37, “QUATRIEME RESOLUTION déclaration de l'assemblée générale” (deed in French)
2023
31-12
Financial
Highest result from 2018 to 2025net €5.4m ▲1,782%
The net result of €5.4m is the highest of those years.
31-12
Financial
Liquidity more than doubledcurrent ratio 5.07
The current ratio rises from 1.99 to 5.07. Short-term debt falls from €867,952 to €593,221.
31-12
Financial
Equity above €2mequity €2.2m
After 3 profitable years in a row, equity reaches €2.2m.
04-12
Gazette deed
Resignation: ForMat Efficiency (managing director)Appointments: Marc Van Dalen (managing director) and Thierry Van Dalen (director)5 points ▸
Gazette deed
Resignation: ForMat Efficiency (managing director)
Appointments: Marc Van Dalen (managing director) and Thierry Van Dalen (director)5 points ▸
- General meeting, 28-09-2023
- Director resignation, ForMat Efficiency (managing director)
- Director appointment, Marc Van Dalen (managing director)
- Director appointment, Thierry Van Dalen (director)
- Director in office, Françoise Simon (director)
Show earlier events
20-10
Gazette deed
Resignation: Guillaume Mondron (administrateur déléguée)6 points ▸
Gazette deed
Resignation: Guillaume Mondron (administrateur déléguée)
6 points ▸
- General meeting, 21-09-2023
- Director resignation, Guillaume Mondron (administrateur déléguée)
- Other provision, “non-nomination d'un nouvel administrateur en remplacement, par vote spécial et à l'unanimité” (deed in French)
- Director in office, ForMat Efficiency (managing director)
- Director in office, Françoise Simon (director)
- Other provision, “qualité d'actionnaire, actionnaire” (deed in French)
05-10
full format · 66 days late
09-06
Gazette deed
Resignation: SCS Vandooren & Cie (director)Director discharge5 points ▸
Gazette deed
Resignation: SCS Vandooren & Cie (director)
Director discharge5 points ▸
- General meeting, 15-02-2023
- Director resignation, SCS Vandooren & Cie (director)
- Director discharge, SCS Vandooren & Cie (director)
- Other provision, “représentant, representation for resignation” (deed in French)
- Other provision, “représentant, representation for signature” (deed in French)
2022
11-10
full format · 72 days late
28-07
Gazette deed
Registered office moved within Naninne2 points ▸
Gazette deed
Registered office moved within Naninne
2 points ▸
- Board meeting, 20-04-2022
- Registered-office move, B-5100 NANINNE, Rue des Pieds d'Alouettes, 28
2021
31-12
Financial
Back to profitnet €459,871
The net result is €459,871, after one loss-making year.
26-10
full format · 87 days late
2020
03-11
full format · 95 days late
2019
21-10
full format · 82 days late
2018
11-10
full format · 72 days late
2017
26-09
full format · 57 days late
1994
29-12
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
KRONOS in French
Enterprise number
0453.920.507
Legal form
Public limited company
Status
Active, normale toestand
Founded
09-12-1994
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-01-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, établir ou supprimer sièges administratifs, agences, ateliers, dépôts et succursales tant en Belgique qu’à l’étranger par…”
deed of 24-01-2024 (in French)Registered office and establishments
Registered office
Rue des Pieds d'Alouette(NN) 28, 5100 Namur, Belgium
Establishment unit
Rue des Pieds d'Alouette(NN) 28, 5100 Namur since 21-12-1994 · unit number 2.069.408.886
Activities
NACEBEL 2025VAT activities
95311
General maintenance and repair of cars and light vans (up to 3.5 tonnes) main activity
47811
Retail sale of cars and light vans (up to 3.5 tonnes)
47820
Retail sale of motor vehicle parts and accessories
47830
Retail sale of motorcycles and motorcycle parts and accessories
Social security (RSZ) activities
95311
General maintenance and repair of cars and light vans (up to 3.5 tonnes) main activity
Codes under NACEBEL 2008
VAT activities
45201
main activity
45113
45320
45402
Social security (RSZ) activities
45201
main activity
Codes under NACEBEL 2003
VAT activities
50200
main activity
50103
50302
50400
Social security (RSZ) activities
50200
main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 24-01-2024 (in French)
“L’étude, la réalisation et la commercialisation de projets technologiques, industriels et privés; Elle a également pour objet l’achat et la…”
8 activities
- L’étude, la réalisation et la commercialisation de projets technologiques, industriels et privés.
- Elle a également pour objet l’achat et la vente de biens d’équipement et de production, ainsi que la construction, la fabrication, la maintenance, l’entretien et la réparation de véhicules à moteurs à tendance sportive ou de compétition.
- La société a également pour objet l’achat et la vente de pièces détachées et accessoires connexes.
- Elle peut faire ces opérations en nom et compte propre, mais aussi pour compte de ses membres, et même pour compte de tiers, notamment à titre de commissionnaire.
- Elle pourra accomplir toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet, tant en Belgique qu’à l’étranger et de nature à favoriser le développement de son activité et à concourir au placement et à la gestion de ses capitaux.
- La société pourra s’intéresser, par toutes voies dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue, similaire ou connexe ou qui sont de nature à favoriser le développement de ses activités.
- Elle pourra même se porter caution à l’occasion d’opérations entrant dans le cadre de son objet social.
- La société peut également exercer les fonctions d’administrateur ou de liquidateur dans d’autres sociétés.
Invoicing and payment
VAT number
BE 0453.920.507
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Article 23: Tenue et convocation L'assemblée générale ordinaire se réunit annuellement le premier lundi du mois de juin à 18 heures. Si ce…”
deed of 05-08-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
8,360 m²
Building footprint
3,171 m²
Building volume
25,569 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92095B0015/00F000 | Wallonia | 8,360 m² | 1 · 3,171 m² | 11.3 m · 3 |