ACTIVE

KREADES

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Financial year 2025 · closed on 31/12/2025

Net result

21,1 k €

+125.3% YoY

Gross margin

66,8 k €

-1.1% YoY

Equity

212,2 k €

-4.9% YoY

What does KREADES do?

KREADES is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Frasnes-lez-Anvaing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.682.249

Incorporation

30/01/2002

Legal form

Private limited company

Registered office

Drève du Pureau(A) 5
7910 Frasnes-lez-Anvaing · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	66,8 k €	-1.1%	67,6 k €	-31.6%	98,8 k €	-6.0%	105,1 k €	+34.9%	77,9 k €	-14.9%	91,6 k €	+14.9%	79,8 k €	+12.3%	71 k €	+131%	30,8 k €	-59.0%	75,1 k €	-4.7%	78,8 k €	-18.6%	96,8 k €	-2.0%	98,8 k €	+27.9%	77,3 k €	+2.7%	75,3 k €	+40.5%	53,6 k €	-35.4%	83 k €	+52.0%	54,6 k €	-16.1%	65 k €	+197%	21,9 k €
EBITDA	63,7 k €	+17.8%	54,1 k €	-43.8%	96,3 k €	-1.4%	97,7 k €	+31.4%	74,4 k €	-11.2%	83,8 k €	+14.2%	73,4 k €	+12.9%	65 k €	+180%	23,2 k €	-64.2%	64,9 k €	-11.8%	73,6 k €	-14.7%	86,2 k €	-4.7%	90,5 k €	+36.2%	66,5 k €	+3.3%	64,3 k €	+27.4%	50,5 k €	-1.7%	51,4 k €	+3.8%	49,5 k €	-11.4%	55,9 k €	+401%	11,2 k €
Operating result	35,7 k €	+55.4%	23 k €	-65.9%	67,4 k €	-6.9%	72,5 k €	+47.5%	49,1 k €	-7.3%	53 k €	+16.2%	45,6 k €	+55.4%	29,4 k €	+239%	-21,1 k €	-272%	12,3 k €	-29.1%	17,3 k €	-40.5%	29 k €	-32.7%	43,1 k €	+88.9%	22,8 k €	+57.7%	14,5 k €	+54.0%	9,4 k €	-1.8%	9,6 k €	-53.3%	20,5 k €	-35.0%	31,6 k €	+11744%	-271 €
Net result	21,1 k €	+125%	9,3 k €	-78.7%	43,8 k €	-5.6%	46,4 k €	+31.1%	35,4 k €	+2.7%	34,5 k €	+30.6%	26,4 k €	+30.0%	20,3 k €	+166%	-30,9 k €	-337%	13 k €	+211%	4,2 k €	-60.8%	10,7 k €	-46.6%	20 k €	+278%	5,3 k €	+2357%	215 €	+104%	-5,3 k €	+10.2%	-5,9 k €	-361%	2,3 k €	-83.7%	14 k €	+255%	-9 k €
Balance sheet
Equity	212,2 k €	-4.9%	223,1 k €	+3.4%	215,8 k €	+23.4%	174,8 k €	-29.5%	248 k €	+16.2%	213,4 k €	+19.3%	179 k €	+17.3%	152,6 k €	+15.4%	132,3 k €	-18.9%	163,2 k €	+8.7%	150,2 k €	+0.2%	149,9 k €	+7.7%	139,2 k €	+4.5%	133,2 k €	+4.1%	127,9 k €	+0.2%	127,7 k €	+45.1%	88,1 k €	-5.5%	93,1 k €	+13.0%	82,4 k €	+49.8%	55 k €
Total assets	255,1 k €	-8.5%	278,9 k €	-16.0%	332 k €	+6.4%	312,1 k €	+3.1%	302,7 k €	-1.4%	307,1 k €	-2.8%	315,9 k €	-3.8%	328,3 k €	-5.0%	345,7 k €	-20.7%	435,8 k €	+7.0%	407,1 k €	-2.3%	416,5 k €	-9.6%	460,6 k €	+0.5%	458,3 k €	+5.1%	436,1 k €	-2.3%	446,2 k €	+1.1%	441,2 k €	+3.9%	424,8 k €	-0.1%	425,4 k €	+31.2%	324,3 k €
Cash	63,4 k €	-15.8%	75,3 k €	-44.4%	135,5 k €	+531%	21,5 k €	+21.7%	17,7 k €	+1.9%	17,3 k €	-40.4%	29,1 k €	-21.9%	37,2 k €	+36.4%	27,3 k €	-31.4%	39,8 k €	+126%	17,6 k €	-2.3%	18 k €	-51.5%	37,1 k €	+67.8%	22,1 k €	+16.0%	19,1 k €	+88.6%	10,1 k €	+197%	3,4 k €	-85.5%	23,5 k €	-38.9%	38,5 k €	+420%	7,4 k €
Debts	41,8 k €	-23.5%	54,7 k €	-52.7%	115,7 k €	-15.4%	136,7 k €	+150%	54,6 k €	-41.7%	93,7 k €	-30.8%	135,4 k €	-22.1%	173,8 k €	-18.6%	213,5 k €	-12.8%	244,9 k €	+5.6%	232 k €	-2.7%	238,4 k €	-19.4%	295,9 k €	-1.2%	299,6 k €	+6.2%	282,1 k €	-0.5%	283,5 k €	-10.7%	317,4 k €	-1.1%	320,9 k €	-3.8%	333,4 k €	+25.6%	265,5 k €

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 · 2 active · 6 ended

Active mandates

Valérie Pannekoek

Director

Active

Xavier Van Dierdonck

Director

Active

Ended mandates

Valérie Pannekoek

Director · since 17 janvier 2002

Ended

Valérie PANNEKOEK

Manager · since 17 janvier 2002

Ended

Xavier VAN DIERDONCK

Manager · since 17 janvier 2002

Ended

Xavier Van Dierdonck

Director · since 07 janvier 2002

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	20/08/2026	20/08/2025	26/08/2024	10/07/2023	11/10/2022	14/06/2021
General meeting	25/06/2026	26/06/2025	27/05/2024	29/06/2023	30/06/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/06/2026	20/08/2026	French	PDF
Micro model	31/12/2024	26/06/2025	20/08/2025	French	PDF
Micro model	31/12/2023	27/05/2024	26/08/2024	French	PDF
Abridged model	31/12/2022	29/06/2023	10/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	11/10/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	14/06/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	12/06/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	28/05/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	20/06/2018	French	PDF
Abridged model	31/12/2016	29/05/2017	19/06/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	01/06/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	20/06/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	24/06/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	08/06/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	14/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	03/06/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	28/05/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	26/05/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	06/06/2007	Dutch	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 · 2 active · 6 ended

Active mandates

Valérie Pannekoek

Director

Active

Xavier Van Dierdonck

Director

Active

Ended mandates

Valérie Pannekoek

Director · since 17 janvier 2002

Ended

Valérie PANNEKOEK

Manager · since 17 janvier 2002

Ended

Xavier VAN DIERDONCK

Manager · since 17 janvier 2002

Ended

Xavier Van Dierdonck

Director · since 07 janvier 2002

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/04/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Capital / shares14/07/2010
CAPITAL, ACTIONS
PDF
Other12/09/2007
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office17/07/2007
MAATSCHAPPELIJKE ZETEL - DOEL - 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 202521,1 k €↑
2024
Annual accounts 20249,3 k €↓
2023
Annual accounts 202343,8 k €↓
2022
Annual accounts 202246,4 k €↑
2021
Annual accounts 202135,4 k €↑
2020
Annual accounts 202034,5 k €↑
2019
Annual accounts 201926,4 k €↑
2018
Annual accounts 201820,3 k €↑
2017
Annual accounts 2017-30,9 k €↓
2016
Annual accounts 201613 k €↑
2015
Annual accounts 20154,2 k €↓
2014
Annual accounts 201410,7 k €↓
2013
Annual accounts 201320 k €↑
2012
Annual accounts 20125,3 k €↑
2011
Annual accounts 2011215 €↑
2010
Annual accounts 2010-5,3 k €↑
2009
Annual accounts 2009-5,9 k €↓
2008
Annual accounts 20082,3 k €↓
2007
Annual accounts 200714 k €↑
2006
Annual accounts 2006-9 k €
30/01/2002
IncorporationPrivate 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

KREADES

Overview

What does KREADES do?

Trend over 20 financial years

Indicative valuation

Board of directors

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