NORMAL SITUATION

CREDECA

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Financial year 2022 · closed on 31/12/2022

Net result

131,4 k €

-61.7% YoY

Gross margin

258,6 k €

-52.9% YoY

Equity

1,3 M €

+11.5% YoY

Company — Normal situation.

What does CREDECA do?

CREDECA is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.855.821

Legal form

Private company with limited liability

Contributed capital

12 400,00 €

Latest accounts

31/12/2022

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	258,6 k €	-52.9%	549,1 k €	-3.2%	567,4 k €	+97.0%	288,0 k €	+36.3%	211,4 k €	+10.7%	191,0 k €	+28.8%	148,2 k €	+71.5%	86,5 k €	+50.5%	57,4 k €	-3.7%	59,6 k €	+26.2%	47,3 k €	+9.3%	43,2 k €	+431%	8,1 k €	-88.6%	71,5 k €	-37.5%	114,4 k €	-17.1%	138,0 k €	+24.9%	110,5 k €
EBITDA	243,8 k €	-55.3%	545,5 k €	-3.1%	562,7 k €	+97.5%	284,9 k €	+36.8%	208,2 k €	+10.9%	187,7 k €	+29.2%	145,3 k €	+72.5%	84,3 k €	+50.0%	56,2 k €	-1.5%	57,0 k €	+25.5%	45,4 k €	+7.3%	42,3 k €	+475%	7,4 k €	-89.6%	70,6 k €	-37.8%	113,6 k €	-17.2%	137,3 k €	+24.6%	110,2 k €
Operating result	195,8 k €	-61.6%	510,4 k €	-2.3%	522,6 k €	+110%	249,0 k €	+53.8%	162,0 k €	+6.2%	152,5 k €	+112%	72,1 k €	-10.8%	80,7 k €	+46.2%	55,2 k €	-1.0%	55,8 k €	+26.5%	44,1 k €	+6.1%	41,6 k €	+537%	6,5 k €	-90.6%	69,6 k €	-38.1%	112,4 k €	-17.1%	135,5 k €	+24.1%	109,2 k €
Net result	131,4 k €	-61.7%	342,9 k €	-3.3%	354,7 k €	+117%	163,4 k €	+48.5%	110,0 k €	+22.4%	89,9 k €	+108%	43,3 k €	-1.7%	44,1 k €	+22.8%	35,9 k €	-7.7%	38,9 k €	+26.8%	30,6 k €	+4.0%	29,5 k €	+251%	8,4 k €	-82.6%	48,2 k €	-33.1%	72,1 k €	-18.7%	88,7 k €	+20.9%	73,4 k €
Balance sheet
Equity	1,3 M €	+11.5%	1,1 M €	+42.8%	801,9 k €	+43.0%	560,8 k €	+29.4%	433,3 k €	+33.4%	324,8 k €	+37.3%	236,5 k €	+22.4%	193,2 k €	+29.5%	149,1 k €	+31.7%	113,3 k €	+52.3%	74,4 k €	+70.1%	43,7 k €	+207%	14,3 k €	-91.1%	159,9 k €	+17.0%	136,6 k €	+52.7%	89,5 k €	+247%	25,8 k €
Total assets	1,3 M €	+5.5%	1,3 M €	+0.1%	1,3 M €	+42.9%	880,3 k €	+12.2%	784,3 k €	+19.3%	657,3 k €	+15.6%	568,5 k €	+147%	229,9 k €	+33.7%	171,9 k €	+30.4%	131,8 k €	+44.4%	91,3 k €	+46.1%	62,5 k €	-63.2%	169,6 k €	-11.5%	191,7 k €	+14.4%	167,5 k €	+34.0%	125,0 k €	+30.5%	95,8 k €
Cash	1,1 M €	+21.8%	929,3 k €	+62.0%	573,8 k €	+73.3%	331,0 k €	-33.2%	495,4 k €	+66.6%	297,4 k €	+22.8%	242,2 k €	+63.1%	148,5 k €	+14.2%	130,1 k €	+17.3%	110,9 k €	+369%	23,7 k €	+77.3%	13,3 k €	-91.9%	164,3 k €	-6.6%	175,8 k €	+121%	79,7 k €	+307%	19,5 k €	+91.1%	10,2 k €
Debts	51,9 k €	-54.3%	113,6 k €	-75.1%	455,6 k €	+42.6%	319,5 k €	-9.0%	351,0 k €	+5.6%	332,4 k €	+0.1%	332,0 k €	+806%	36,7 k €	+60.8%	22,8 k €	+22.8%	18,6 k €	+9.9%	16,9 k €	-9.9%	18,8 k €	-87.9%	155,3 k €	+388%	31,8 k €	+3.0%	30,9 k €	-12.1%	35,2 k €	-49.6%	69,8 k €

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 4 ended

Active mandates

Cretien De Cauwer

Director

Active

Ended mandates

Jan De Cauwer

Director · since 01 janvier 2011

Ended

Jan De Cauwer

Manager · since 01 janvier 2011

Ended

Cretien De Cauwer

Manager

Ended

Cretien De Cauwer

Associate

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/07/2023	12/07/2022	22/06/2021	28/09/2020	30/07/2019	21/06/2018
General meeting	15/02/2023	18/06/2022	19/06/2021	07/09/2020	15/06/2019	16/06/2018
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2022	15/02/2023	13/07/2023	Dutch	PDF
Micro model	31/12/2021	18/06/2022	12/07/2022	Dutch	PDF
Micro model	31/12/2020	19/06/2021	22/06/2021	Dutch	PDF
Micro model	31/12/2019	07/09/2020	28/09/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	21/06/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	27/06/2007	Dutch	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 31/12/2022 · 1 active · 4 ended

Active mandates

Cretien De Cauwer

Director

Active

Ended mandates

Jan De Cauwer

Director · since 01 janvier 2011

Ended

Jan De Cauwer

Manager · since 01 janvier 2011

Ended

Cretien De Cauwer

Manager

Ended

Cretien De Cauwer

Associate

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

2022
Annual accounts 2022131,4 k €↓
2021
Annual accounts 2021342,9 k €↓
2020
Annual accounts 2020354,7 k €↑
2019
Annual accounts 2019163,4 k €↑
2018
Annual accounts 2018110,0 k €↑
2017
Annual accounts 201789,9 k €↑
2016
Annual accounts 201643,3 k €↓
2015
Annual accounts 201544,1 k €↑
2014
Annual accounts 201435,9 k €↓
2013
Annual accounts 201338,9 k €↑
2012
Annual accounts 201230,6 k €↑
2011
Annual accounts 201129,5 k €↑
2010
Annual accounts 20108,4 k €↓
2009
Annual accounts 200948,2 k €↓
2008
Annual accounts 200872,1 k €↓
2007
Annual accounts 200788,7 k €↑
2006
Annual accounts 200673,4 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

CREDECA

Overview

What does CREDECA do?

Trend over 17 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