Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
KREDES from Kraainem, company number BE0458985885, closed financial year 2025 with a result of € -17,738 after tax. For that financial year KREDES recorded a gross margin of € 169,314 and equity of € 275,768. Compared with financial year 2024, the result moved from € -29,657 to € -17,738. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 275,768
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,738
▲ 40 % less loss than in 2024
Profit after tax over the fiscal year.
€ 109,610
▲ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 213,768.
People and assets in 2025
€ 96,247
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,796
▲ € 14,588 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 236,502
▼ 12% vs 2024
€ 33,804 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 4,241
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,734
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 234,934 | € 105,748 | € 153,063 | € 169,314 | ▲ 11% |
| Profit after taxes | € 33,918 | € -71,839 | € -29,657 | € -17,738 | ▲ € 11,918 |
| Equity | € 395,002 | € 323,163 | € 293,507 | € 275,768 | ▼ 6% |
| Total debts | € 408,776 | € 327,432 | € 300,950 | € 299,717 | |
| Cash | € 17,028 | € 50,303 | € 61,975 | € 109,610 | ▲ 77% |
| Land & buildings | € 570,712 | € 511,419 | € 452,127 | € 392,835 | ▼ 13% |
| Retained profit | € 333,002 | € 261,163 | € 231,507 | € 213,768 | ▼ 8% |
| Bank debt | € 370,443 | € 302,869 | € 269,891 | € 236,502 | ▼ 12% |
| Balance sheet total | € 820,250 | € 665,236 | € 607,265 | € 586,461 | ▼ 3% |
| Employees (FTE) | 3.2 | 2.1 | - | - |
Key figures of KREDES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to KREDES?
What happened at KREDES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Serge SMETS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 17,738. Source: NBB ↗
- Serge SMETS became a director. NBB
- New establishment in Kraainem. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,918 profit in 2022 to € 17,738 loss in 2025.
Paid € 4,765 in corporate taxes since 2022.
Best year ever: 2022, with € 33,918 profit.
On average € 50,400 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Serge SMETS
Managing director
since 2020 · until 2028
Establishments
Establishment units
Physical locations of this company
Henri Vaesgaarde 1
1950 Kraainem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.985.885
- VAT number
- BE 0458.985.885
- Registered office
- Henri Vaesgaarde 1, 1950 Kraainem
- Names & denominations
- KREDES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 1996
- Peppol
- Active · Active since 9 Nov 2025
- Activities · NACE
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Detailhandel in brood-, banketbakkerswerk en suikerwerk
Overige detailhandel in voedingsmiddelen, neg
Overige detailhandel in voedings- en genotmiddelen in gespecialiseerde winkels, n.e.g.
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.