Financials
Financial year 2026
CREDECO from Vorst, company number BE0401840712, closed financial year 2026 with a result of € 2,160 after tax. For that financial year CREDECO recorded a gross margin of € 272,445 and equity of € 136,870. Compared with financial year 2025, the result moved from € 49,382 to € 2,160. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2026.
€ 136,870
▲ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,160
▼ 96% vs 2025
Profit after tax over the fiscal year.
€ 113,848
▼ 25% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -86,430.
People and assets in 2026
€ 244,268
▼ 4% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,859
▲ € 10,642 vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 43,325
▼ 26% vs 2025
€ 20,574 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 74,583
▼ 19% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 73,988
▼ 16% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 120,787 | € 260,022 | € 336,688 | € 272,445 | ▼ 19% |
| Profit after taxes | € -113,269 | € 45,139 | € 49,382 | € 2,160 | ▼ 96% |
| Equity | € 40,189 | € 85,328 | € 134,710 | € 136,870 | ▲ 2% |
| Total debts | € 328,094 | € 329,332 | € 290,649 | € 233,246 | ▼ 20% |
| Cash | € 65,424 | € 127,147 | € 152,109 | € 113,848 | ▼ 25% |
| Land & buildings | € 4,350 | € 4,184 | € 4,018 | € 3,853 | ▼ 4% |
| Retained profit | € -183,111 | € -137,972 | € -88,590 | € -86,430 | ▲ € 2,160 |
| Bank debt | € 143,572 | € 84,435 | € 58,578 | € 43,325 | ▼ 26% |
| Balance sheet total | € 368,283 | € 414,660 | € 425,359 | € 370,116 | ▼ 13% |
Key figures of CREDECO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to CREDECO?
What happened at CREDECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 2,160 (▼ 96% vs 2025). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Vorst. KBO
In short
From € 113,269 loss in 2023 to € 2,160 profit in 2026.
Paid € 28,821 in corporate taxes since 2023.
Best year ever: 2025, with € 49,382 profit.
Management
Behind CREDECO is PHILIPPE DENIS. PHILIPPE DENIS is also behind SOCIETE ANONYME D'EXPLOITATION D'OFFICINES PHARMACEUTIQUES and IMMO COURTOIS.
Directors
According to the 2026 annual accounts
PHILIPPE DENIS
Director
Also active at: SOCIETE ANONYME D'EXPLOITATION D'OFFICINES PHARMACEUTIQUES, IMMO COURTOIS
Establishments
Establishment units
Physical locations of this company
Vuurstraat 55
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.840.712
- VAT number
- BE 0401.840.712
- Registered office
- Vuurstraat 55, 1190 Vorst
- Names & denominations
- CREDECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 1956
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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