Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of KREADIS CONCEPT is 2.5% (moderate). The 2025 annual accounts show equity of €248k and a net result of €-9k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 115 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 80% of 115 peers (2025). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 28-05-2026 | 64 d early | 2026-00126425 |
| 31-12-2024 | 31-07-2025 | 03-06-2025 | 58 d early | 2025-00118228 |
| 31-12-2023 | 31-07-2024 | 03-06-2024 | 58 d early | 2024-00108426 |
| 31-12-2022 | 31-07-2023 | 29-06-2023 | 32 d early | 2023-00184915 |
| 31-12-2021 | 31-07-2022 | 08-04-2022 | 114 d early | 2022-20001517 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Higher-failure-rate region
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-9k
Working capital€182k+8.7%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 28-05-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~23.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 59.0% | 40.2% | |
| Net result | €-9k | €25k | |
| Equity | €248k | €123k | |
| Gross operating margin | €192k | €147k | |
| Staff costs | €163k | €214k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P80
Improving position over 2021-2025
· n=115-498
P12
Weakening position over 2021-2025
· n=114-496
P65
Improving position over 2021-2025
· n=115-498
P55
Stable position over 2021-2025
· n=105-467
Describes the position versus peers, not a forecast.
€26k
-63.4%
21-25
€-9k
-
21-25
€28k
-51.2%
21-25
€420k
-11.9%
21-25
€248k
-3.7%
21-25
€182k
+8.7%
21-25
3
-6.3%
21-25
€163k
-7.3%
21-25
€207
-97.2%
21-25
€172k
-21.6%
21-25
€148k
-18.6%
21-25
€22k
-40.8%
21-25
2.23
+16.1%
21-25
1.83
+15.9%
21-25
59.0%
+9.4%
21-25
0.70
-18.6%
21-25
-3.8%
-
21-25
-2.2%
-
21-25
3.85
-58.0%
21-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €26k |
| Net profit | €-9k |
| Cash flow | €28k |
| Staff costs | €163k |
| Income taxes | €207 |
| Dividends | - |
| Total assets | €420k |
| Equity | €248k |
| Debt | €172k |
| of which ≤ 1y | €148k |
| of which > 1y | €22k |
| Working capital | €182k |
| Employees (FTE) | 3.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 2.23 |
| Quick ratio | 1.83 |
| Working capital ratio | 43.3% |
| Solvency | 59.0% |
| Debt / equity | 0.70 |
| Long-term debt ratio | 0.09 |
| Interest coverage | 3.85 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.2% |
| ROE | -3.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €420k |
| Fixed assets | 21/28 | €90k |
| Intangible fixed assets | 21 | €3k |
| Tangible fixed assets | 22/27 | €87k |
| Current assets | 29/58 | €330k |
| Stocks & contracts in progress | 3 | €59k |
| Amounts receivable within one year | 40/41 | €140k |
| Cash & bank | 54/58 | €122k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €420k |
| Equity | 10/15 | €248k |
| Contributions / capital | 10/11 | €65k |
| Reserves | 13 | €522 |
| Accumulated profits (losses) | 14 | €182k |
| Amounts payable | 17/49 | €172k |
| Amounts payable after one year | 17 | €22k |
| Amounts payable within one year | 42/48 | €148k |
| Trade debts payable within one year | 44 | €35k |
| Income statement | ||
| Gross operating margin | 9900 | €192k |
| Operating result | 9901 | €-12k |
| Financial income | 75 | €9k |
| Financial charges | 65 | €7k |
| Result before taxes | 9903 | €-9k |
| Income taxes | 67/77 | €207 |
| Net result for the period | 9904 | €-9k |
| Result to be appropriated | 9905 | €-9k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed70
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
5 directorsCurrent directors & mandates
-
JSR-CONSULTLegal entityDirector· perm. rep.: RIZZO SalvatoreState Gazette act 25096831 (29-07-2025)Current23-04-2025 → present
2 events
- 29-07-2025 Appointed· Director
- 23-04-2025 Appointed· Director
-
Current23-04-2025 → present
2 events
- 29-07-2025 Appointed· Director
- 23-04-2025 Appointed· Director
-
Mohamed IKHARRAZENDirectorState Gazette act 25327565 (23-04-2025)Current23-04-2025 → present
-
Philippe PIERRETDirectorState Gazette act 25327565 (23-04-2025)Current23-04-2025 → present
Former directors (1)
-
Juan RIZZO DI CARLODirectorState Gazette act 25327565 (23-04-2025)Former- → 23-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Schrijnwerk(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 16-12-2020 |
| Status | Active |
| Postal code | 4041 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Bon Espoir 204041 HerstalEstablishment units
1 locationNEW MENUISERIE PIERRET CONCEPT
since 20202.311.049.348
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,607 m²
Buildings1
Building footprint1,026 m²
Volume (LiDAR)4,562 m³
Tallest building7.3 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071B0791/00C003 | Wallonia | 2,607 m² | 1 · 1,026 m² | 7.3 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts All acts · 5
updated 2 months ago
2026
02-06-2026 General meeting · Officer resignation · Officer appointment · Act object
- Filing: 2026-05-20 · KREADIS CONCEPT
- Publication: 2026-06-02 · KREADIS CONCEPT
- General meeting: 2026-04-20 · KREADIS CONCEPT
- Officer resignation: date: 2026-04-20, role: administrateur · JSR-CONSULT
- Officer resignation: date: 2026-04-20, role: administrateur · MAYARI
- Officer resignation: date: 2026-04-20, role: administrateur · Mohammed Ikharrazen
- General meeting: 2026-05-04 · KREADIS CONCEPT
- Officer appointment: date: 2026-05-04, role: administrateur de catégorie A et administrateur délégué · Holding LDDM
- Act object: DEMISSION - NOMINATION
Summary:
General meeting · Officer resignation · Officer appointment · Act object
2025
29-07-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
other
07-07-2025 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles
Notary:
Olivier CASTERS · Saint-Nicolas
23-04-2025 4 directors appointed, 1 resigning
- JSR-CONSULT, Bestuurder
- MAYARI, Bestuurder
- Philippe PIERRET, Bestuurder
- Mohamed IKHARRAZEN, Bestuurder
- Juan RIZZO DI CARLO, Bestuurder
Notary:
Olivier CASTERS · Saint-Nicolas
2022
09-12-2022 Hélène REUCHAMPS appointed as statutory auditor
- Hélène REUCHAMPS, Commissaris
Analysis
Snowflake analysis
financial profile on 5 axes68
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
98
Growth
78
Stability
94
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Credit advice
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Company registry
Company registry (CBE)
Crossroads BankActivities
Schrijnwerk43320Schrijnwerk43320Vervaardiging van kantoor- en winkelmeubelen31001Vervaardiging van keukenmeubelen31002Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31004Vervaardiging van andere meubelen, neg31009Vervaardiging van kantoor- en winkelmeubelen31010Vervaardiging van keukenmeubelen31020Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31091Vervaardiging van andere meubelen, n.e.g.31099Overige bouwinstallatie43240Detailhandel in elektrische huishoudapparaten47540Detailhandel in huismeubilair47551Reparatie en onderhoud van meubelen en stoffering95240
Primary activity highlighted.
Names & trade names
| Legal nameFR | KREADIS CONCEPT |
Registered office
Rue Bon Espoir 20
4041 Herstal, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.