Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.7 to 3.
Financials
Financial year 2025
KREADIS CONCEPT from Herstal, company number BE0759855834, closed financial year 2025 with a result of € -9,415 after tax. For that financial year KREADIS CONCEPT recorded a gross margin of € 191,785 and equity of € 248,036. Compared with financial year 2024, the result moved from € 19,338 to € -9,415. 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 May 28, 2026.
€ 248,036
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,415
▼ still € 19,338 profit in 2024
Profit after tax over the fiscal year.
€ 122,143
▲ 165% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 182,811.
People and assets in 2025
3
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 162,751
▼ 7% vs 2024
€ 54,300 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.
€ 2,085
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 39,539
▼ 31% vs 2024
€ 17,117 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 34,788
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,003
▼ 43% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 333,298 | € 339,822 | € 249,041 | € 191,785 | ▼ 23% |
| Profit after taxes | € 108,088 | € 78,138 | € 19,338 | € -9,415 | ▼ € 28,753 |
| Equity | € 159,975 | € 238,113 | € 257,451 | € 248,036 | ▼ 4% |
| Total debts | € 220,473 | € 193,663 | € 219,960 | € 172,426 | ▼ 22% |
| Cash | € 105,015 | € 69,828 | € 46,136 | € 122,143 | ▲ 165% |
| Retained profit | € 94,750 | € 172,888 | € 192,226 | € 182,811 | ▼ 5% |
| Bank debt | € 109,261 | € 83,680 | € 57,548 | € 39,539 | ▼ 31% |
| Balance sheet total | € 380,448 | € 431,776 | € 477,411 | € 420,462 | ▼ 12% |
| Employees (FTE) | 4 | 3.7 | 3.2 | 3 | ▼ 0.2 |
Key figures of KREADIS CONCEPT, 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 KREADIS CONCEPT?
What happened at KREADIS CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,415 (▼ € 28,753 vs 2024). Source: NBB ↗
- MAYARI SRL became a director. NBB
- JSR CONSULT SRL became a director. NBB
- Philippe Pierret became a director. NBB
- Mohamed Ikharrazen became a director. NBB
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 108,088 profit in 2022 to € 9,415 loss in 2025.
Paid € 51,752 in corporate taxes since 2022.
Best year ever: 2022, with € 108,088 profit.
On average € 63,900 of value added per employee in 2025.
Management
The stake of BALTEAU GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KREADIS CONCEPTBehind KREADIS CONCEPT are Philippe Pierret, MAYARI SRL, JSR CONSULT SRL and Mohamed Ikharrazen. The shares are held by BALTEAU GROUP (75%).
Directors
According to the 2025 annual accounts
Philippe Pierret
Director
since 2022
Director · represented by Juan Rizzo Di Carlo
Also active at: BALTEAU I.E., ENGENEERING CABLING SYSTEM, ECOGREEN SOFT, B.C.I. TECHNICS, BONADONNA L.
since 2025
Director · represented by Salvatore Rizzo
Also active at: BALTEAU I.E., ENGENEERING CABLING SYSTEM, ALARME CONTROLE, ELECTRO GDB, SERVICE PARTNER, T.C.S., LOUISED, ECOGREEN SOFT +6 more
since 2025
Mohamed Ikharrazen
Director
since 2022
Shareholders
75%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Bon Espoir 20
4041 Herstal
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0759.855.834
- VAT number
- BE 0759.855.834
- Registered office
- Rue Bon Espoir 20, 4041 Herstal
- Names & denominations
- KREADIS CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2020
- Peppol
- Active · Active since 13 May 2026
- Contact
- kreadisconcept.be
- Activities · NACE
Schrijnwerk
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van keukenmeubelen
Reparatie en onderhoud van meubelen en stoffering
Vervaardiging van andere meubelen, neg
Detailhandel in huismeubilair
Overige bouwinstallatie
+2