NORMAL SITUATION

CREDENTIALS

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Financial year 2025 · closed on 08/12/2025

Net result

-6,9 k €

-308.7% YoY

Gross margin

-7,7 k €

-365.6% YoY

Equity

152,5 k €

-4.3% YoY

Company — Normal situation.

What does CREDENTIALS do?

CREDENTIALS is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.210.968

Legal form

Private limited company

Contributed capital

150 200,00 €

Latest accounts

08/12/2025

Signals

Solid equity

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-7,7 k €	-366%	2,9 k €	-51.1%	5,9 k €	-49.5%	11,7 k €	+16.0%	10,1 k €	+287%	2,6 k €	-29.7%	3,7 k €	-70.9%	12,7 k €	-67.9%	39,5 k €	+86.2%	21,2 k €	-52.4%	44,6 k €	+5.7%	42,2 k €	-45.8%	77,9 k €	-23.9%	102,4 k €	-60.2%	257,4 k €	+61.9%	159,0 k €	+51.0%	105,3 k €	-42.5%	183,1 k €
EBITDA	-8,2 k €	-429%	2,5 k €	-57.7%	5,9 k €	-48.8%	11,5 k €	+14.5%	10,1 k €	+287%	2,6 k €	-24.9%	3,5 k €	-71.8%	12,3 k €	-68.6%	39,1 k €	+87.9%	20,8 k €	-52.9%	44,2 k €	+6.4%	41,5 k €	-46.3%	77,3 k €	-23.7%	101,4 k €	-60.5%	256,9 k €	+62.3%	158,3 k €	+52.4%	103,9 k €	-42.9%	182,0 k €
Operating result	-8,2 k €	-2015%	428,2 €	-88.8%	3,8 k €	-62.7%	10,3 k €	+9.5%	9,4 k €	+39831%	23,5 €	-93.9%	381,9 €	-95.4%	8,4 k €	-76.9%	36,3 k €	+104%	17,8 k €	-48.5%	34,5 k €	+6.3%	32,5 k €	-52.5%	68,4 k €	-26.6%	93,2 k €	-62.2%	246,7 k €	+61.1%	153,1 k €	+58.8%	96,4 k €	-44.3%	173,1 k €
Net result	-6,9 k €	-309%	3,3 k €	+6315%	51,5 €	-94.2%	892,3 €	-59.5%	2,2 k €	+4041%	53,2 €	-77.6%	237,0 €	-62.9%	638,5 €	-96.6%	18,8 k €	+95.2%	9,7 k €	-24.7%	12,8 k €	-37.5%	20,5 k €	-56.3%	47,0 k €	-25.1%	62,7 k €	-61.2%	161,4 k €	+62.9%	99,1 k €	+58.3%	62,6 k €	-44.1%	112,1 k €
Balance sheet
Equity	152,5 k €	-4.3%	159,4 k €	+2.1%	156,1 k €	+0.0%	156,1 k €	-12.7%	178,7 k €	-40.4%	300,2 k €	+0.0%	300,1 k €	+0.1%	299,9 k €	+0.2%	299,2 k €	+6.7%	280,4 k €	+3.6%	270,7 k €	+5.0%	257,9 k €	+8.6%	237,4 k €	+2.1%	232,4 k €	+36.9%	169,8 k €	+1937%	8,3 k €	+1.4%	8,2 k €	+6.5%	7,7 k €
Total assets	152,5 k €	-32.6%	226,2 k €	-10.2%	251,8 k €	-29.4%	356,8 k €	-25.7%	480,5 k €	+5.5%	455,4 k €	+2.2%	445,7 k €	+3.4%	431,0 k €	+9.2%	394,7 k €	+16.2%	339,8 k €	+11.4%	304,9 k €	+6.6%	286,1 k €	-2.4%	293,0 k €	+14.1%	256,8 k €	+16.3%	220,8 k €	+54.7%	142,7 k €	+50.6%	94,8 k €	-39.9%	157,8 k €
Cash	88,1 k €	-59.2%	215,8 k €	+101%	107,1 k €	-68.3%	337,4 k €	-28.6%	472,8 k €	+5.6%	447,9 k €	+3.1%	434,6 k €	+9.2%	398,0 k €	+10.0%	361,8 k €	+11.8%	323,6 k €	+14.6%	282,4 k €	+11.7%	252,9 k €	+0.6%	251,5 k €	+39.6%	180,2 k €	+58.8%	113,4 k €	-6.1%	120,9 k €	+101%	60,2 k €	-43.6%	106,7 k €
Debts	0,0 €	-100%	66,8 k €	-25.6%	89,8 k €	-53.4%	192,5 k €	-34.8%	295,3 k €	+90.2%	155,2 k €	+6.7%	145,6 k €	+11.0%	131,1 k €	+37.4%	95,4 k €	+60.7%	59,4 k €	+73.9%	34,1 k €	+21.5%	28,1 k €	-49.4%	55,5 k €	+129%	24,3 k €	-52.3%	50,9 k €	-62.1%	134,4 k €	+55.3%	86,6 k €	-42.3%	150,1 k €

Governance

Board of directors

Seen on filing of 08/12/2025 · 1 active · 9 ended

Active mandates

Antonino Patrone

Mandate

Active

Ended mandates

Magali Wautier

Director · since 17 mars 2008

Ended

Antonino Patrone

Director · since 08 février 2006

Ended

Antonino Frédéric PATRONE

Manager

Ended

Antonino Patrone

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	08/12/2025	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	05/01/2026	13/06/2025	20/06/2024	19/07/2023	10/06/2022	30/08/2021
General meeting	08/12/2025	30/05/2025	31/05/2024	30/06/2023	27/05/2022	30/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	08/12/2025	08/12/2025	05/01/2026	French	PDF
Micro model	31/12/2024	30/05/2025	13/06/2025	French	PDF
Micro model	31/12/2023	31/05/2024	20/06/2024	French	PDF
Micro model	31/12/2022	30/06/2023	19/07/2023	French	PDF
Micro modelCorrection	31/12/2021	27/05/2022	10/06/2022	French	PDF
Micro model	31/12/2021	27/05/2022	31/05/2022	French	PDF
Micro model	31/12/2020	30/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	31/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	06/08/2019	French	PDF
Micro model	31/12/2017	15/06/2018	03/07/2018	French	PDF
Micro model	31/12/2016	26/05/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	15/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	13/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	29/05/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	26/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	16/07/2009	French	PDF

Estimate

Indicative valuation

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 08/12/2025 · 1 active · 9 ended

Active mandates

Antonino Patrone

Mandate

Active

Ended mandates

Magali Wautier

Director · since 17 mars 2008

Ended

Antonino Patrone

Director · since 08 février 2006

Ended

Antonino Frédéric PATRONE

Manager

Ended

Antonino Patrone

Director

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-6,9 k €↓
2024
Annual accounts 20243,3 k €↑
2023
Annual accounts 202351,5 €↓
2022
Annual accounts 2022892,3 €↓
2021
Annual accounts 20212,2 k €↑
2020
Annual accounts 202053,2 €↓
2019
Annual accounts 2019237,0 €↓
2018
Annual accounts 2018638,5 €↓
2017
Annual accounts 201718,8 k €↑
2016
Annual accounts 20169,7 k €↓
2015
Annual accounts 201512,8 k €↓
2014
Annual accounts 201420,5 k €↓
2013
Annual accounts 201347,0 k €↓
2012
Annual accounts 201262,7 k €↓
2011
Annual accounts 2011161,4 k €↑
2010
Annual accounts 201099,1 k €↑
2009
Annual accounts 200962,6 k €↓
2008
Annual accounts 2008112,1 k €

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

CREDENTIALS

Overview

What does CREDENTIALS do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline