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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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Conrad from Izegem, company number BE0597979264, closed financial year 2025 with a result of € -42,162 after tax. For that financial year Conrad recorded a gross margin of € -2,496 and equity of € 51,924. Compared with financial year 2024, the result moved from € 23,050 to € -42,162. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.
€ 51,924
▼ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -42,162
▼ still € 23,050 profit in 2024
Profit after tax over the fiscal year.
€ 15,642
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 45,724.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 428
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 266,324
▼ 11% vs 2024
€ 33,444 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 313
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,282
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,722 | € 60,168 | € 72,027 | € -2,496 | ▼ € 74,523 |
| Profit after taxes | € -21,649 | € 16,672 | € 23,050 | € -42,162 | ▼ € 65,212 |
| Equity | € 54,363 | € 71,035 | € 94,085 | € 51,924 | ▼ 45% |
| Total debts | € 586,651 | € 556,300 | € 562,465 | € 546,775 | ▼ 3% |
| Cash | € 4,400 | € 24,188 | € 64,585 | € 15,642 | ▼ 76% |
| Land & buildings | € 616,417 | € 591,683 | € 588,273 | € 567,761 | ▼ 3% |
| Retained profit | € 48,163 | € 64,835 | € 87,885 | € 45,724 | ▼ 48% |
| Bank debt | € 375,764 | € 334,269 | € 299,336 | € 266,324 | ▼ 11% |
| Balance sheet total | € 641,013 | € 627,335 | € 656,550 | € 598,699 | ▼ 9% |
Key figures of Conrad, 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 Conrad?
What happened at Conrad in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 42,162 (▼ € 65,212 vs 2024). Source: NBB ↗
- New establishment in Roeselare. KBO
- Start of the company according to the CBE. KBO
- Koenraad Parrein became a director. NBB
In short
From € 21,649 loss in 2022 to € 42,162 loss in 2025.
Paid € 1,737 in corporate taxes since 2022.
Best year ever: 2024, with € 23,050 profit.
Management
Behind Conrad is Koenraad Parrein. Koenraad Parrein is also behind DAY ONE MPM.
Directors
According to the 2025 annual accounts
since 2015
Establishments
Establishment units
Physical locations of this company
Slabbaardstraat-Noord 55
8870 Izegem
Kwadestraat 155 box 3.1
8800 Roeselare
Active since 13 February 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0597.979.264
- VAT number
- BE 0597.979.264
- Registered office
- Slabbaardstraat-Noord 55, 8870 Izegem
- Names & denominations
- Conrad
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2015
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
Activiteiten van hoofdkantoren