Krëfel: 2025 does not look promising either

Krëfel saw losses rise in 2024 and the Belgian chain also admits to being pessimistic about 2025. Nevertheless, management and unions say there is hope for the future, if the electronics retailer is given the necessary time.

Still not big enough?

Revenue slightly decreased to 432.7 million euros last year, but its losses were even more concerning: operating losses increased by 6 % to 26.7 million euros, while net losses rose by a quarter to 29.3 million euros. Furthermore, equity is under significant pressure due to years of losses, dropping from 33.5 million to just 4.1 million euros. Debt is also continuing to rise.