Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KRONOS EUROPE from Gent, company number BE0449103862, closed financial year 2025 with a result of € -23.9 million after tax. For that financial year KRONOS EUROPE recorded revenue of € 212.5 million and equity of € 52.4 million. Compared with financial year 2024, the result moved from € -29.8 million to € -23.9 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 52.4 million
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23.9 million
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.4 million
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.5 million.
People and assets in 2025
286.7
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 36.9 million
▲ 3% vs 2024
€ 128,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 722,869
▲ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14,958
▲ 58% vs 2024
Loans from banks and other lenders, long and short.
€ 46.4 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 7.2 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 287,795,238 | € 201,356,935 | € 218,992,786 | € 212,517,345 | ▼ 3% |
| Profit after taxes | € 7,645,882 | € -39,282,997 | € -29,813,594 | € -23,896,899 | ▲ € 5.9 million |
| Equity | € 145,544,133 | € 106,211,136 | € 76,347,543 | € 52,400,643 | ▼ 31% |
| Total debts | € 119,232,744 | € 133,805,013 | € 157,434,404 | € 151,922,731 | ▼ 4% |
| Cash | € 1,216,965 | € 1,423,282 | € 1,206,922 | € 1,360,338 | ▲ 13% |
| Land & buildings | € 9,091,674 | € 9,432,284 | € 8,869,305 | € 8,411,626 | ▼ 5% |
| Retained profit | € 99,514,334 | € 60,231,337 | € 30,417,744 | € 6,520,844 | ▼ 79% |
| Bank debt | € 9,097 | € 8,619 | € 9,472 | € 14,958 | ▲ 58% |
| Balance sheet total | € 268,721,789 | € 243,551,492 | € 238,236,828 | € 208,750,784 | ▼ 12% |
| Employees (FTE) | 290.8 | 290.3 | 287.1 | 286.7 | ▼ 0.4 |
Key figures of KRONOS EUROPE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KRONOS EUROPE?
What happened at KRONOS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frederiek Criel stepped down as director. NBB
- Bradley Troutman stepped down as director. NBB
- Kronos Denmark APS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 23.9 million. Source: NBB ↗
- Frederiek Criel became a director. NBB
- Marnix Mahieu stepped down as director. NBB
- Bradley Troutman became a director. NBB
- Tim Hafer stepped down as director. NBB
In short
From € 7.6 million profit in 2022 to € 23.9 million loss in 2025.
Paid € 252,145 in corporate taxes since 2022.
Best year ever: 2022, with € 7.6 million profit.
Pays suppliers within 93 days on average.
Management
Directors
According to the 2025 annual accounts
Frederiek Criel
Director
since 2026 · until 2031
Bradley Troutman
Director
since 2025 · until 2031
Marnix Mahieu
Director
since 2022 · until 2026
Tim Hafer
Director
since 2021 · until 2025
Kronos Denmark APS
Director · represented by Ulrich Kabelac
since 2015 · until 2027
Establishments
Establishment units
Physical locations of this company
Langerbruggekaai 10
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
kronostio2.com
Registered
1998-04-06
Registrar
Cloudflare, Inc.
Expires
2027-04-05
Website info
Features
Security
Network
Details
- Company number
- 0449.103.862
- VAT number
- BE 0449.103.862
- Registered office
- Langerbruggekaai 10, 9000 Gent
- Names & denominations
- KRONOS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1992
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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