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 10 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Cresco from Gent, company number BE0799857941, closed financial year 2025 with a result of € -173,194 after tax. For that financial year Cresco recorded a gross margin of € 106,893 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 1.5 million to € -173,194. 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 June 23, 2026.
€ 3.3 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -173,194
▼ still € 1.5 million profit in 2024
Profit after tax over the fiscal year.
€ 100,482
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.3 million.
Debts at end 2025
€ 11.3 million
▼ 4% vs 2024
€ 566,936 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 43,725
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 124,039 | € 106,893 | ▼ 14% |
| Profit after taxes | € 1,454,303 | € -173,194 | ▼ € 1.6 million |
| Equity | € 3,454,303 | € 3,281,108 | ▼ 5% |
| Total debts | € 13,160,372 | € 13,310,371 | ▲ 1% |
| Cash | € 117,183 | € 100,482 | ▼ 14% |
| Retained profit | € 1,454,303 | € 1,281,108 | ▼ 12% |
| Bank debt | € 11,782,955 | € 11,280,749 | ▼ 4% |
| Balance sheet total | € 16,614,675 | € 16,591,480 |
Key figures of Cresco, fiscal years 2024 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 Cresco?
What happened at Cresco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 173,194 (▼ € 1.6 million vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Lexxus BV became a director. NBB
- Intal BV became a director. NBB
- Malo Ventures NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.5 million profit in 2024 to € 173,194 loss in 2025.
Best year ever: 2024, with € 1.5 million profit.
Management
The stake of Malo Ventures, L R E comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CrescoBehind Cresco are Lexxus BV , Intal BV and Malo Ventures NV. The shares are held by Malo Ventures (50%) and L R E (40%). It owns 100% of Quercus itself.
Directors
According to the 2025 annual accounts
Director · represented by Louis Lannoo
Also active at: Ouverture Invest, Industry Project and Engineering Systems, L R E, LOVA, BIO-INCUBATOR ZWIJNAARDE, The Gates
since 2023
Director · represented by Johan Vanovenberghe
Also active at: Ouverture Invest, Archidimic, MALITHO, DE KRAAIBERG, PHYTO-TECHNICS, Pelikaanstraat, A-Stay, The House of Beauty +6 more
since 2023
Director · represented by Pieter Balcaen
Also active at: Van Hove en Co, Alkove, Lanson Industries Plant I, IMMOPORTFOLIO, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO +18 more
since 2023
Shareholders
50%
40%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1097 box D
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Ouverture Invest same network
€ -79,680 gross margin · 2025
Industry Project and Engineering Systems same network
€ 26.2 million revenue · 2025
THREON
€ 13 million revenue · 2025
LIBERTY INVEST
€ 2.5 million gross margin · 2025
VIERWINDEN
€ -24,244 gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0799.857.941
- VAT number
- BE 0799.857.941
- Registered office
- Kortrijksesteenweg 1097 bus D, 9051 Gent
- Names & denominations
- Cresco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2023
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings