ACTIVE

Credal

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Financial year 2025 · closed on 31/12/2025

Net result

-12,3 k €

-119.2% YoY

Revenue

553,5 k €

-45.9% YoY

Equity

4,4 k €

-73.6% YoY

Workforce

17,2 ETP

+13.2% YoY

What does Credal do?

Credal is a Non-profit organization incorporated in 1988. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 17,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.986.305

Incorporation

28/01/1988

Legal form

Non-profit organization

Registered office

Avenue de Cîteaux 114
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

17,2 ETP

Joint committees (1)

32902

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	553,5 k €	-45.9%	1 M €	+14.5%	893,6 k €	+0.6%	888,4 k €	+11.4%	797,7 k €	+17.3%	680,1 k €	+15.5%	588,6 k €	+27.0%	463,6 k €	+908%	46 k €	-85.6%	318,6 k €	+375%	67,1 k €	-38.2%	108,6 k €	+160%	41,8 k €	-54.3%	91,5 k €	-35.6%	142,1 k €	+24.1%	114,6 k €	+4.8%	109,3 k €	-11.3%	123,3 k €	+220%	38,5 k €
EBITDA	38 k €	-66.5%	113,5 k €	-3.5%	117,6 k €	+140%	-291,6 k €	-11752%	-2,5 k €	+78.7%	-11,6 k €	+78.8%	-54,6 k €	-64.0%	-33,3 k €	+96.1%	-861,4 k €	-2006%	-40,9 k €	-137%	109,6 k €	+43.1%	76,6 k €	+0.4%	76,3 k €	+3404%	2,2 k €	-99.4%	335,5 k €	+118%	153,8 k €	+133%	-464,7 k €	-161%	-178,1 k €	-111%	-84,2 k €
Operating result	-12,1 k €	-119%	64,9 k €	-22.2%	83,4 k €	+126%	-323,6 k €	-951%	-30,8 k €	+26.2%	-41,7 k €	+52.6%	-88,1 k €	-25.5%	-70,2 k €	+92.1%	-883,7 k €	-1408%	-58,6 k €	-174%	78,9 k €	+124%	35,3 k €	+13.2%	31,2 k €	+196%	-32,4 k €	-111%	300,9 k €	+168%	112,1 k €	+122%	-513,9 k €	-118%	-235,5 k €	-88.4%	-125 k €
Net result	-12,3 k €	-119%	64 k €	-22.9%	83,1 k €	+126%	-323,9 k €	-944%	-31 k €	+25.9%	-41,9 k €	+53.8%	-90,5 k €	-29.2%	-70,1 k €	-67.8%	-41,8 k €	+51.8%	-86,7 k €	-1477%	6,3 k €	-62.0%	16,6 k €	+863%	-2,2 k €	-103%	71,9 k €	-78.7%	337,7 k €	+4501%	-7,7 k €	+98.4%	-492 k €	-111%	-233,3 k €	-93.7%	-120,4 k €
Balance sheet
Equity	4,4 k €	-73.6%	16,7 k €	+135%	-47,3 k €	+63.7%	-130,4 k €	-167%	193,5 k €	-13.8%	224,5 k €	-15.7%	266,4 k €	-25.4%	356,9 k €	-16.4%	427 k €	-8.9%	468,7 k €	-15.6%	555,4 k €	+2.5%	541,7 k €	+3.2%	525,2 k €	-0.4%	527,3 k €	+15.8%	455,4 k €	+287%	117,8 k €	-6.1%	125,4 k €	-79.7%	617,5 k €	-27.4%	850,8 k €
Total assets	1,8 M €	-21.9%	2,3 M €	+21.7%	1,9 M €	-18.5%	2,4 M €	+5.7%	2,2 M €	+5.7%	2,1 M €	-2.2%	2,2 M €	+11.5%	1,9 M €	-15.2%	2,3 M €	+6.7%	2,1 M €	+12.1%	1,9 M €	+10.3%	1,7 M €	-7.7%	1,9 M €	-12.0%	2,1 M €	+0.2%	2,1 M €	+14.7%	1,8 M €	+7.5%	1,7 M €	-6.9%	1,8 M €	-3.0%	1,9 M €
Cash	98,4 k €	+51.6%	64,9 k €	-24.2%	85,6 k €	+13.0%	75,7 k €	+27.7%	59,3 k €	+71.1%	34,6 k €	-40.4%	58,1 k €	+25.4%	46,3 k €	-94.6%	851,3 k €	-7.3%	918,4 k €	+32.4%	693,9 k €	+25.1%	554,7 k €	+362%	120,1 k €	-50.8%	243,9 k €	+269%	66,2 k €	-27.2%	90,9 k €	+60.2%	56,8 k €	-53.7%	122,5 k €	-49.6%	243 k €
Debts	1,6 M €	-29.1%	2,2 M €	+16.0%	1,9 M €	-20.9%	2,4 M €	+23.4%	2 M €	+10.1%	1,8 M €	+2.5%	1,7 M €	+23.9%	1,4 M €	-11.9%	1,6 M €	+29.6%	1,2 M €	+17.8%	1 M €	+18.6%	884,6 k €	-16.1%	1,1 M €	-16.8%	1,3 M €	-0.3%	1,3 M €	+22.2%	1 M €	+38.3%	751,9 k €	-13.4%	868,4 k €	+5.2%	825,3 k €
Other
Workforce	17,2 ETP	+13.2%	15,2 ETP	-9.5%	16,8 ETP	-19.2%	20,8 ETP	+13.0%	18,4 ETP	-7.5%	19,9 ETP	+19.2%	16,7 ETP	+15.2%	14,5 ETP	-0.7%	14,6 ETP	+12.3%	13,0 ETP	+20.4%	10,8 ETP	-15.0%	12,7 ETP	+10.4%	11,5 ETP	-8.0%	12,5 ETP	-12.6%	14,3 ETP	+6.7%	13,4 ETP	-12.4%	15,3 ETP	-10.0%	17,0 ETP	+25.9%	13,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 93 ended

Active mandates

Olivier Gevart

Chairman of the board of directors · since 26 juin 2025 · until 26 juin 2029

Active

Sophie Crapez

Director · since 26 juin 2025 · until 26 juin 2029

Active

Myriam Bodart

Director · since 23 juin 2023 · until 23 juin 2027

Active

Charles-Antoine Leunen

Director · since 22 juin 2023 · until 22 juin 2027

Active

Ended mandates

Sophie Crapez

Director · since 22 juin 2023 · until 26 juin 2027

Ended

Myriam Bodart

Director · since 23 juin 2022 · until 23 juin 2026

Ended

Myriam Bodart

Director · since 24 juin 2021 · until 26 juin 2025

Ended

Sophie Crapez

Director · since 24 juin 2021 · until 26 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Agri Construct Europe● Active	1017.982.732
AIC SOLIDARITE ASBL● Active	0866.065.488
Association d'Entraide et de Formations● Active	0462.074.445
ASSOCIATION INTERNATIONALE DES CHARITES● Active	0428.602.418
BEECOZ● Active	0753.771.360
Brasserie Ceres Belgique● Bankrupt	0507.610.995
CAILLEBOTIS ASBL● Active	1005.075.693
Change-Credal Social Innovation Fund● Active	0726.777.943
concertation des organisations representatives de l economie sociale● Active	0895.045.526
Credal Entreprendre● Active	0841.148.366
Crédal Groupe● Active	0550.847.855
CREDAL PLUS● Active	0457.212.072
Fédération des Initiatives locales pour l'Enfance● Active	0451.337.733
INSTITUT DE FORMATION DE FONDACIO-EUROPE● Active	0676.601.922
LOUVAIN COOPERATION● Active	0422.717.486
Mundo Louvain-la-Neuve● Active	0777.470.242
REGENERATIVE BEER ALLIANCE● Bankrupt	0475.934.260
Réseau des Professionnels de la ConsomAction● Active	0783.285.787
SCALE UP● Active	0447.999.151
Tout un village● Active	0755.965.441

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	04/08/2025	19/07/2024	03/07/2023	16/08/2022	20/07/2021
General meeting	29/06/2026	26/06/2025	27/06/2024	22/06/2023	23/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	04/08/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	22/06/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	23/06/2022	16/08/2022	French	PDF
Abridged model	31/12/2020	24/06/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	18/06/2020	26/06/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	22/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	23/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	02/07/2014	French	PDF
Abridged modelCorrection	31/12/2012	20/06/2013	13/08/2013	French	PDF
Abridged model	31/12/2012	20/06/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	21/06/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	23/06/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	17/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	25/06/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	21/06/2007	27/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 93 ended

Active mandates

Olivier Gevart

Chairman of the board of directors · since 26 juin 2025 · until 26 juin 2029

Active

Sophie Crapez

Director · since 26 juin 2025 · until 26 juin 2029

Active

Myriam Bodart

Director · since 23 juin 2023 · until 23 juin 2027

Active

Charles-Antoine Leunen

Director · since 22 juin 2023 · until 22 juin 2027

Active

Ended mandates

Sophie Crapez

Director · since 22 juin 2023 · until 26 juin 2027

Ended

Myriam Bodart

Director · since 23 juin 2022 · until 23 juin 2026

Ended

Myriam Bodart

Director · since 24 juin 2021 · until 26 juin 2025

Ended

Sophie Crapez

Director · since 24 juin 2021 · until 26 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates24/05/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office16/04/2024
SIEGE SOCIAL
PDF
Mandates11/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-12,3 k €↓
2024
Annual accounts 202464 k €↓
2023
Annual accounts 202383,1 k €↑
2022
Annual accounts 2022-323,9 k €↓
2021
Annual accounts 2021-31 k €↑
2020
Annual accounts 2020-41,9 k €↑
2019
Annual accounts 2019-90,5 k €↓
2018
Annual accounts 2018-70,1 k €↓
2017
Annual accounts 2017-41,8 k €↑
2016
Annual accounts 2016-86,7 k €↓
2015
Annual accounts 20156,3 k €↓
2014
Annual accounts 201416,6 k €↑
2013
Annual accounts 2013-2,2 k €↓
2012
Annual accounts 201271,9 k €↓
2011
Annual accounts 2011337,7 k €↑
2010
Annual accounts 2010-7,7 k €↑
2009
Annual accounts 2009-492 k €↓
2008
Annual accounts 2008-233,3 k €↓
2007
Annual accounts 2007-120,4 k €
28/01/1988
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Credal

Overview

What does Credal do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline