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Credal

Active
Non-profit associationfounded 1988active for 38 yearsAvenue de Cîteaux 114, 1348 Ottignies-Louvain-la-Neuve, Belgium28 active companies are registered at this addressKBO/BCE: BE 0434.986.305
Summary

The annual accounts of Credal for financial year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €4,416 and a net result of -€12,294. Equity is shrinking by about 32% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 5% of 1,056 sector peers (NACE 69, financial year 2025). The association has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
CredalActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Other legal services
NACE 69109Business and other management consultancy NACE 70200
4th largest employer in Walloon Brabant, Legal and accounting sector2 sites
Size
€553,515turnover 2025
Staff
17.2 FTE
Equity
€4,416
Deficit
-€12,294
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Auditor: Mazars Réviseurs d'entreprises SRL2025 accounts 31 days early6 of 28 deeds summarised
Why 52raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearSize: turnover €553,515, 17.2 FTE, total assets €1.8mEquity €4,416 (0.2% of total assets)lowers riskLegal form: non-profit associationSector: Legal and accounting activities (NACE 69)Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 7% of its sector peers (NACE 69, small)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 25-1
equity 0.2% of total assets
Liquidity 9+6
short-term debt 87.0% · cash 5.4%
Profitability 61-9
return on assets -0.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,479 companies, NACE 69, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.04, compared with 0.78 in 2024, below the usual 1.5; short-term debt: 87% and cash: 5.4% of total assets), and 99.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, small): better than 2% on solvency, 2% on liquidity, 18% on profitability and 5% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
raises risk · Size: turnover €553,515, 17.2 FTE, total assets €1.8m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €4,416 (0.2% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1056 sector peers (2025).
NBB · sector comparison
Position among 1056 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
4 days late
2023
12 days early
2022
28 days early
2021
16 days late
2020
11 days early
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointments: Olivier GEVART (chair) and Sophie…Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: From profit to loss in 2025after €64,043 in 2024 -€12,294 View
  • Caution: Among the weakest 5% on solvencysector median 32.6% · 1,056 companies 0.2% View
  • Active since 1988founded 28-01-1988 38 years View

By topic

Financials

Financial year
2025
Turnover
€553,515
Loss
-€12,294
Solvency
0.2%
Turnover▼ 45.9%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Auditor
Mazars Réviseurs d'entreprises SRL
  • Olivier GevartChair
  • Sophie CRAPEZDirector
  • Charles-Antoine LEUNENDirector
Go to Board & ownership

Timeline

Events
28
Since
2007
Next accounts
by 31-07-2027
  1. 30-12-2024Reappointment: Olivier Gevart (chair of the board)
  2. 19-07-2024Annual accounts filed
  3. 24-05-2024Reappointment: Mazars Réviseurs d'Entreprises SRL (statutory auditor)
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Other legal servicesNACE 69109
Founded
28-01-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Credal

What is the company number of Credal?
0434.986.305. In Belgium the VAT number is the company number with BE in front: BE 0434.986.305.
Where is Credal based?
The registered office is at Avenue de Cîteaux 114, 1348 Ottignies-Louvain-la-Neuve.Company details
What does Credal do?
According to the KBO register, the main activity is other legal services (NACE 69109).
What is the legal form of Credal?
Non-profit association (VZW).
When was Credal founded?
On 28-01-1988.
Is Credal still active?
Yes, Credal is an active enterprise in the KBO register.
How many employees does Credal have?
On average 17.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Credal?
€553,515 in financial year 2025, according to the filed annual accounts.
Is Credal profitable?
In financial year 2025, Credal made a loss of €12,294.
Where can I find the annual accounts of Credal?
Credal filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Credal due?
By 31-07-2027, for financial year 2026.Timeline

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