CREATE
ActiveSummary
CREATE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €614k and a net result of €543k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+1
Solvency51▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.52 in 2024; short-term debt: 73.6% and cash: 26% of total assets), and 73.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.4%
Return on assets
23.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
12 d late
2022
29 d late
2021
31 d late
2020
16 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€543k▲ 43.1%
2024 · €379k
2018: €265klowest in 8 years
2019: €302k▲ +14.2% vs 2018
2020: €426k▲ +40.9% vs 2019
2021: €369k▼ -13.3% vs 2020
2022: €365k▼ -1.2% vs 2021
2023: €423k▲ +16.0% vs 2022
2024: €379k▼ -10.3% vs 2023
2025: €543k▲ +43.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€571k▲ 3.2%
2024 · €553k
2018: €114klowest in 8 years
2019: €337k▲ +196% vs 2018
2020: €400k▲ +18.4% vs 2019
2021: €458k▲ +14.6% vs 2020
2022: €507k▲ +10.7% vs 2021
2023: €529k▲ +4.4% vs 2022
2024: €553k▲ +4.6% vs 2023
2025: €571k▲ +3.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€539k-€559k▲ 3.7%€582k▲ 4.1%€601k▲ 3.3%€614k▲ 2.1%
2021: €539klowest in 5 years
2022: €559k▲ +3.7% vs 2021
2023: €582k▲ +4.1% vs 2022
2024: €601k▲ +3.3% vs 2023
2025: €614k▲ +2.1% vs 2024highest in 5 years
Operating result€498k-€495k▼ 0.6%€584k▲ 17.9%€525k▼ 10.1%€762k▲ 45.2%
2021: €498k
2022: €495k▼ -0.6% vs 2021lowest in 5 years
2023: €584k▲ +17.9% vs 2022
2024: €525k▼ -10.1% vs 2023
2025: €762k▲ +45.2% vs 2024highest in 5 years
Net result€369k-€365k▼ 1.2%€423k▲ 16.0%€379k▼ 10.3%€543k▲ 43.1%
2021: €369k
2022: €365k▼ -1.2% vs 2021lowest in 5 years
2023: €423k▲ +16.0% vs 2022
2024: €379k▼ -10.3% vs 2023
2025: €543k▲ +43.1% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.32M
Fixed assets
€44k ▼ 9.9%
Current assets
€2.28M ▲ 41.2%
Equity and liabilities €2.32M
Equity
€614k ▲ 2.1%
Debt
€1.71M ▲ 61.0%
Debt's share of the balance-sheet total rises from 63.8% to 73.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€767k▲
2024 · €529k
Cash flow
€548k▲
2024 · €384k
Current ratio
1.33▼
2024 · 1.52
Quick ratio
1.26▼
2024 · 1.43
Debt to equity
2.78▲
2024 · 1.77
ROE
88.4%▲
2024 · 63.1%
ROA
23.4%▲
2024 · 22.8%
Interest coverage
13.85▲
2024 · 11.21
Debt ≤ 1 year
€1.71M▲
2024 · €1.06M
Income taxes
€182k▲
2024 · €123k
Staff costs
€129k▲
2024 · €129k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€2.32M▲
Fixed assets21/28€48k€44k▼
Tangible fixed assets22/27€48k€43k▼
Land and buildings22€35k€34k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€459€459=
Current assets29/58€1.61M€2.28M▲
Stocks and contracts in progress3€97k€123k▲
Stocks30/36€97k€123k▲
Amounts receivable within one year40/41€374k€547k▲
Trade receivables40€357k€546k▲
Other amounts receivable41€17k€684▼
Current investments50/53€800k€1.00M▲
Cash at bank and in hand54/58€341k€604k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€2.32M▲
Equity10/15€601k€614k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€157k€167k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€6k€6k=
Reserves not available under the articles1311€689€689=
Distributable reserves133€150k€160k▲
Profit (loss) carried forward14€383k€385k▲
Amounts payable17/49€1.06M€1.71M▲
Amounts payable within one year42/48€1.06M€1.71M▲
Trade debts44€52k€101k▲
Suppliers440/4€52k€101k▲
Taxes, remuneration and social security45€104k€235k▲
Taxes450/3€83k€208k▲
Remuneration and social security454/9€22k€27k▲
Other amounts payable47/48€905k€1.37M▲
Income statement
Code20242025
Non-recurring operating income76A€32k€31k▼
Remuneration, social security and pensions62€129k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€7k€7k▼
Gross operating margin9900€665k€903k▲
Operating profit (loss)9901€525k€762k▲
Financial income75/76B€25k€18k▼
Recurring financial income75€25k€18k▼
Financial charges65/66B€47k€55k▲
Recurring financial charges65€47k€55k▲
Profit (loss) for the period before taxes9903€502k€725k▲
Income taxes67/77€123k€182k▲
Profit (loss) for the period9904€379k€543k▲
Profit (loss) for the period to be appropriated9905€379k€543k▲
Appropriation of the result
Profit (loss) to be appropriated9906€753k€925k▲
Profit (loss) brought forward from the previous period14P€373k€383k▲
Transfer to equity691/2€10k€10k=
To other reserves6921€10k€10k=
Profit to be distributed694/7€360k€530k▲
Return on contributions (dividend)694€360k€530k▲
Social balance
Average headcount (FTE)90872.52.4▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €39k | €30k | €28k | €32k | €31k | ▼ 3.2% |
| Remuneration, social security and pensions62 | €117k | €118k | €139k | €129k | €129k | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €29k | €19k | €5k | €5k | = |
| Other operating charges640/8 | €6k | €6k | €6k | €7k | €7k | ▼ 0.9% |
| Gross operating margin9900 | €660k | €648k | €749k | €665k | €903k | ▲ 35.7% |
| Operating profit (loss)9901 | €498k | €495k | €584k | €525k | €762k | ▲ 45.2% |
| Financial income75/76B | €2k | €2k | €5k | €25k | €18k | ▼ 27.5% |
| Recurring financial income75 | €2k | €2k | €5k | €25k | €18k | ▼ 27.5% |
| Financial charges65/66B | €10k | €13k | €27k | €47k | €55k | ▲ 17.2% |
| Recurring financial charges65 | €10k | €13k | €27k | €47k | €55k | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €490k | €484k | €562k | €502k | €725k | ▲ 44.3% |
| Income taxes67/77 | €120k | €119k | €139k | €123k | €182k | ▲ 47.9% |
| Profit (loss) for the period9904 | €369k | €365k | €423k | €379k | €543k | ▲ 43.1% |
| Profit (loss) for the period to be appropriated9905 | €369k | €365k | €423k | €379k | €543k | ▲ 43.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.17M | €1.32M | €1.68M | €1.66M | €2.32M | ▲ 39.7% |
| Fixed assets21/28 | €82k | €52k | €53k | €48k | €44k | ▼ 9.9% |
| Tangible fixed assets22/27 | €81k | €52k | €53k | €48k | €43k | ▼ 10.0% |
| Land and buildings22 | €50k | €36k | €35k | €35k | €34k | ▼ 2.4% |
| Furniture and vehicles24 | €32k | €16k | €17k | €13k | €9k | ▼ 29.8% |
| Financial fixed assets28 | €459 | €459 | €459 | €459 | €459 | = |
| Current assets29/58 | €1.09M | €1.27M | €1.62M | €1.61M | €2.28M | ▲ 41.2% |
| Stocks and contracts in progress3 | €133k | €118k | €111k | €97k | €123k | ▲ 26.5% |
| Stocks30/36 | €133k | €118k | €111k | €97k | €123k | ▲ 26.5% |
| Amounts receivable within one year40/41 | €291k | €331k | €451k | €374k | €547k | ▲ 46.4% |
| Trade receivables40 | €290k | €331k | €438k | €357k | €546k | ▲ 53.0% |
| Other amounts receivable41 | €558 | €671 | €12k | €17k | €684 | ▼ 95.9% |
| Current investments50/53 | - | - | €500k | €800k | €1.00M | ▲ 25.0% |
| Cash at bank and in hand54/58 | €663k | €815k | €554k | €341k | €604k | ▲ 77.1% |
| Deferred charges and accrued income490/1 | €6k | €6k | €6k | €3k | €6k | ▲ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.17M | €1.32M | €1.68M | €1.66M | €2.32M | ▲ 39.7% |
| Equity10/15 | €539k | €559k | €582k | €601k | €614k | ▲ 2.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €127k | €137k | €147k | €157k | €167k | ▲ 6.4% |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | €689 | €689 | €689 | €689 | €689 | = |
| Distributable reserves133 | €120k | €130k | €140k | €150k | €160k | ▲ 6.7% |
| Profit (loss) carried forward14 | €350k | €360k | €373k | €383k | €385k | ▲ 0.7% |
| Amounts payable17/49 | €635k | €763k | €1.09M | €1.06M | €1.71M | ▲ 61.0% |
| Amounts payable within one year42/48 | €635k | €763k | €1.09M | €1.06M | €1.71M | ▲ 61.0% |
| Trade debts44 | €55k | €62k | €87k | €52k | €101k | ▲ 94.1% |
| Suppliers440/4 | €55k | €62k | €87k | €52k | €101k | ▲ 94.1% |
| Advances received on contracts in progress46 | - | €40 | - | - | - | - |
| Taxes, remuneration and social security45 | €116k | €91k | €113k | €104k | €235k | ▲ 125% |
| Taxes450/3 | €92k | €70k | €89k | €83k | €208k | ▲ 152% |
| Remuneration and social security454/9 | €24k | €21k | €24k | €22k | €27k | ▲ 22.2% |
| Other amounts payable47/48 | €465k | €610k | €894k | €905k | €1.37M | ▲ 51.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €369k | €365k | €423k | €379k | €543k | ▲ 43.1% |
| + Depreciation and write-downs630 | €39k | €29k | €19k | €5k | €5k | = |
| Operating cash flow (approximation) | €408k | €394k | €442k | €384k | €548k | ▲ 42.5% |
| Investment in fixed assets (approximation) | - | €0 | €-20k | €0 | €0 | - |
| Change in cash | - | €152k | €-261k | €-213k | €263k | ▲ 224% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €543k ▲43.1%
Operating result €762k, net result €543k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
31-12
Financial
Equity above €500kEq €520k ▲5.2%
3 profitable years in a row build equity to €520k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Equity above €200kEq €494k ▲157%
2 profitable years in a row build equity to €494k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bastogne · 1 establishment unit since 1987
Ground area
2,818 m²
Building footprint
673 m²
Volume, LiDAR
7,064 m³
2 parcels, Wallonia · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue des Récollets 12B, 6600 Bastogne
since 19872.031.359.548
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82302B1629/00A000 | Wallonia | 1,770 m² | 1 · 226 m² | 23.8 m · 7 fl. |
| 82302B1074/00F000 | Wallonia | 1,047 m² | 1 · 447 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DEDUCO EUROPE
BE 0472.692.975
Kortrijk · Eq €614k
FION
BE 0429.067.523
Harelbeke · Eq €616k
PAMAR
BE 0414.706.672
Deerlijk · Eq €612k
G041T
BE 0472.291.119
Zoersel · Eq €609k
4PLAY INTERACTIVE
BE 0471.409.706
Erpe-Mere · Eq €621k
Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-08-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.