ACTIVE

CREDO CONSULTING

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Financial year 2025 · closed on 31/03/2025

Net result

148,4 k €

+2.3% YoY

Gross margin

418 k €

-7.0% YoY

Equity

857,1 k €

-26.2% YoY

Workforce

0,0 ETP

-100.0% YoY

What does CREDO CONSULTING do?

CREDO CONSULTING is a Public limited company incorporated in 2001. Its main activity is: Computer programming activities. Its registered office is in Aartselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.057.113

Incorporation

13/02/2001

Legal form

Public limited company

Registered office

Oudestraat 113
2630 Aartselaar · FlandreSee on map

Contributed capital

157 120,00 €

Latest accounts

31/03/2025

Average workforce

0,0 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 72220Research and experimental development on social sciences and humanities+9

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	418 k €	-7.0%	449,7 k €	-9.9%	498,9 k €	+0.1%	498,3 k €	-20.0%	623,1 k €	+15.2%	541 k €	+26.2%	428,7 k €	-10.9%	481 k €	-6.0%	511,6 k €	+48.0%	345,8 k €	-22.7%	447,1 k €	+11.4%	401,5 k €	-5.7%	425,6 k €	+0.4%	423,7 k €	-4.0%	441,2 k €	+6.0%	416,4 k €	+9.0%	382 k €
EBITDA	262,8 k €	+0.9%	260,4 k €	+0.5%	259 k €	+10.6%	234,2 k €	+3.3%	226,8 k €	+52.8%	148,5 k €	+49.3%	99,5 k €	-58.4%	239,3 k €	-24.4%	316,8 k €	+100%	158,3 k €	-37.5%	253,5 k €	+14.0%	222,4 k €	-12.0%	252,7 k €	-0.1%	252,9 k €	-7.0%	271,9 k €	+6.4%	255,5 k €	+17.6%	217,3 k €
Operating result	234,3 k €	+1.5%	230,8 k €	+5.4%	219 k €	+12.4%	194,8 k €	+3.1%	189 k €	+63.1%	115,9 k €	+84.2%	62,9 k €	-69.4%	205,3 k €	-27.8%	284,3 k €	+112%	134 k €	-41.7%	229,9 k €	+11.5%	206,1 k €	-13.1%	237,1 k €	+6.7%	222,3 k €	-8.6%	243,1 k €	+6.8%	227,6 k €	+19.7%	190,1 k €
Net result	148,4 k €	+2.3%	145,1 k €	+3.9%	139,6 k €	+12.4%	124,3 k €	+22.6%	101,4 k €	+117%	46,8 k €	+1124%	3,8 k €	-96.6%	113,2 k €	-40.2%	189,4 k €	+177%	68,4 k €	-49.1%	134,3 k €	+31.6%	102,1 k €	-30.1%	146 k €	-3.0%	150,5 k €	-8.6%	164,6 k €	+8.2%	152,1 k €	+48.4%	102,5 k €
Balance sheet
Equity	857,1 k €	-26.2%	1,2 M €	+8.9%	1,1 M €	+15.1%	926,6 k €	+23.4%	750,9 k €	+15.6%	649,5 k €	+7.8%	602,7 k €	+0.6%	598,9 k €	+23.3%	485,7 k €	+63.9%	296,3 k €	-5.4%	313,3 k €	+75.1%	179 k €	+133%	76,9 k €	+1.3%	75,9 k €	+0.6%	75,4 k €	-79.2%	363 k €	+65.6%	219,2 k €
Total assets	1,9 M €	+3.9%	1,8 M €	+3.9%	1,8 M €	+9.4%	1,6 M €	+11.6%	1,4 M €	+2.2%	1,4 M €	+5.7%	1,3 M €	-1.6%	1,4 M €	+21.2%	1,1 M €	+48.2%	752 k €	-16.9%	904,8 k €	+19.2%	758,9 k €	+177%	274,1 k €	-19.1%	338,9 k €	+97.5%	171,6 k €	-61.5%	446 k €	-3.1%	460,2 k €
Cash	323,3 k €	-7.5%	349,6 k €	+32.0%	264,9 k €	+118%	121,5 k €	+117%	56,1 k €	-34.3%	85,3 k €	+53.1%	55,7 k €	-28.9%	78,4 k €	+23.0%	63,7 k €	-72.9%	235,1 k €	-27.1%	322,7 k €	+50.1%	214,9 k €	+123%	96,3 k €	-42.7%	168,1 k €	+349%	37,4 k €	-88.8%	334,5 k €	+58.5%	211,1 k €
Debts	1 M €	+56.6%	661,8 k €	-3.8%	688,3 k €	+1.7%	676,7 k €	-1.2%	685,1 k €	-9.3%	755,8 k €	+4.0%	726,4 k €	-3.4%	752,1 k €	+19.6%	628,9 k €	+38.0%	455,7 k €	-23.0%	591,5 k €	+2.0%	579,9 k €	+194%	197,2 k €	-25.0%	263 k €	+173%	96,2 k €	+15.9%	83 k €	-65.6%	241 k €
Other
Workforce	0,0 ETP	-100%	1,3 ETP	-35.0%	2,0 ETP	-13.0%	2,3 ETP		–		–		3,4 ETP	+47.8%	2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 15 ended

Active mandates

Greta Dens

Director · since 09 décembre 2019

Active

Denise Van Geel

Director

Active

Stefan Buyst

Managing director

Active

Ended mandates

Greta Dens

Director · since 09 décembre 2019 · until 04 septembre 2024

Ended

Peter BUYST

Director · since 07 juillet 2015

Ended

Stefan BUYST

Managing director · since 07 juillet 2015

Ended

Denise VAN GEEL

Chairman of the board of directors · since 17 décembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
CREDO SOFTWARE● Active	0665.915.688
ROOTS● Active	0454.062.146

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/09/2025	22/10/2024	11/09/2023	28/09/2022	26/10/2021	16/09/2020
General meeting	11/09/2025	22/10/2024	04/09/2023	05/09/2022	06/09/2021	07/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	11/09/2025	17/09/2025	Dutch	PDF
Abridged model	31/03/2024	22/10/2024	22/10/2024	Dutch	PDF
Abridged model	31/03/2023	04/09/2023	11/09/2023	Dutch	PDF
Abridged model	31/03/2022	05/09/2022	28/09/2022	Dutch	PDF
Abridged model	31/03/2021	06/09/2021	26/10/2021	Dutch	PDF
Abridged model	31/03/2020	07/09/2020	16/09/2020	Dutch	PDF
Micro model	31/03/2019	02/09/2019	19/09/2019	Dutch	PDF
Micro model	31/03/2018	03/09/2018	30/10/2018	Dutch	PDF
Abridged model	31/03/2017	04/09/2017	23/10/2017	Dutch	PDF
Abridged model	31/03/2016	05/09/2016	12/09/2016	Dutch	PDF
Abridged model	31/03/2015	07/09/2015	18/09/2015	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	24/02/2015	Dutch	PDF
Abridged model	31/03/2013	02/09/2013	23/09/2013	Dutch	PDF
Abridged model	31/03/2012	03/09/2012	20/09/2012	Dutch	PDF
Abridged model	31/03/2011	05/09/2011	29/10/2011	Dutch	PDF
Abridged model	31/03/2010	06/09/2010	12/09/2010	Dutch	PDF
Abridged model	31/03/2009	07/09/2009	25/09/2009	Dutch	PDF
Abridged model	31/03/2008	01/09/2008	30/09/2008	Dutch	PDF
Abridged model	31/03/2007	03/09/2007	10/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/03/2025 · 3 active · 15 ended

Active mandates

Greta Dens

Director · since 09 décembre 2019

Active

Denise Van Geel

Director

Active

Stefan Buyst

Managing director

Active

Ended mandates

Greta Dens

Director · since 09 décembre 2019 · until 04 septembre 2024

Ended

Peter BUYST

Director · since 07 juillet 2015

Ended

Stefan BUYST

Managing director · since 07 juillet 2015

Ended

Denise VAN GEEL

Chairman of the board of directors · since 17 décembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2019
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates04/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2014
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/09/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2002
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025148,4 k €↑
2024
Annual accounts 2024145,1 k €↑
2023
Annual accounts 2023139,6 k €↑
2022
Annual accounts 2022124,3 k €↑
2019
Annual accounts 2019101,4 k €↑
2018
Annual accounts 201846,8 k €↑
2017
Annual accounts 20173,8 k €↓
2016
Annual accounts 2016113,2 k €↓
2015
Annual accounts 2015189,4 k €↑
2014
Annual accounts 201468,4 k €↓
2013
Annual accounts 2013134,3 k €↑
2012
Annual accounts 2012102,1 k €↓
2011
Annual accounts 2011146 k €↓
2010
Annual accounts 2010150,5 k €↓
2009
Annual accounts 2009164,6 k €↑
2008
Annual accounts 2008152,1 k €↑
2007
Annual accounts 2007102,5 k €
13/02/2001
IncorporationPublic limited company

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

CREDO CONSULTING

Overview

What does CREDO CONSULTING do?

Trend over 17 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