CREATE
ActiveSummary
The computed 12-month bankruptcy probability of CREATE is 2.9% (moderate). The 2024 annual accounts show equity of €524k and a net result of €157k. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 1410 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-2
Solvency52▼-9
Growth78=
Track record84
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.48 in 2023; short-term debt: 67.8% and cash: 19.2% of total assets), and 72.9% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
31 d late
2021
19 d late
2020
30 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2024, abbreviated schema
Equity
€524k▲ 12.2%
2023 · €468k
2020: €25klowest in 5 years
2021: €190k▲ +650% vs 2020
2022: €335k▲ +77.0% vs 2021
2023: €468k▲ +39.4% vs 2022
2024: €524k▲ +12.2% vs 2023highest in 5 years
2020 → 2024
Total assets
€1.94M▲ 48.5%
2023 · €1.31M
2020: €67klowest in 5 years
2021: €378k▲ +465% vs 2020
2022: €849k▲ +125% vs 2021
2023: €1.31M▲ +53.7% vs 2022
2024: €1.94M▲ +48.5% vs 2023highest in 5 years
2020 → 2024
Net result
€157k▲ 18.8%
2023 · €132k
2020: €7klowest in 5 years
2021: €64k▲ +773% vs 2020
2022: €146k▲ +127% vs 2021
2023: €132k▼ -9.5% vs 2022
2024: €157k▲ +18.8% vs 2023highest in 5 years
2020 → 2024
Working capital
€468k▲ 24.7%
2023 · €375k
2020: €24klowest in 5 years
2021: €157k▲ +552% vs 2020
2022: €288k▲ +83.3% vs 2021
2023: €375k▲ +30.2% vs 2022
2024: €468k▲ +24.7% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€190k▲ 650%€335k▲ 77.0%€468k▲ 39.4%€524k▲ 12.2%
2020: €25klowest in 5 years
2021: €190k▲ +650% vs 2020
2022: €335k▲ +77.0% vs 2021
2023: €468k▲ +39.4% vs 2022
2024: €524k▲ +12.2% vs 2023highest in 5 years
Operating result€13k-€95k▲ 603%€214k▲ 126%€212k▼ 0.6%€286k▲ 34.5%
2020: €13klowest in 5 years
2021: €95k▲ +603% vs 2020
2022: €214k▲ +126% vs 2021
2023: €212k▼ -0.6% vs 2022
2024: €286k▲ +34.5% vs 2023highest in 5 years
Net result€7k-€64k▲ 773%€146k▲ 127%€132k▼ 9.5%€157k▲ 18.8%
2020: €7klowest in 5 years
2021: €64k▲ +773% vs 2020
2022: €146k▲ +127% vs 2021
2023: €132k▼ -9.5% vs 2022
2024: €157k▲ +18.8% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 35% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.94M
Fixed assets
€157k ▲ 0.8%
Current assets
€1.78M ▲ 55.0%
Equity and liabilities €1.94M
Equity
€524k ▲ 12.2%
Debt
€1.41M ▲ 68.8%
Debt's share of the balance-sheet total rises from 64.2% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€335k▲
2023 · €249k
Cash flow
€206k▲
2023 · €169k
Current ratio
1.36▼
2023 · 1.48
Debt to equity
2.70▲
2023 · 1.79
ROE
29.9%▲
2023 · 28.2%
ROA
8.1%▼
2023 · 10.1%
Interest coverage
6.76▼
2023 · 8.46
Debt ≤ 1 year
€1.31M▲
2023 · €774k
Debt > 1 year
€100k▲
2023 · €63k
Income taxes
€80k▲
2023 · €55k
Staff costs
€114k▲
2023 · €44k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.31M€1.94M▲
Fixed assets21/28€156k€157k▲
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€143k€139k▼
Plant, machinery and equipment23€21k€31k▲
Furniture and vehicles24€122k€108k▼
Financial fixed assets28€7k€14k▲
Current assets29/58€1.15M€1.78M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€989k€1.41M▲
Trade receivables40€781k€1.07M▲
Other amounts receivable41€208k€343k▲
Cash at bank and in hand54/58€160k€371k▲
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.94M▲
Equity10/15€468k€524k▲
Contributions10/11€101k€101k=
Profit (loss) carried forward14€367k€424k▲
Amounts payable17/49€838k€1.41M▲
Amounts payable after more than one year17€63k€100k▲
Financial debts170/4€63k€100k▲
Amounts payable within one year42/48€774k€1.31M▲
Current portion of amounts payable after more than one year42€85k€105k▲
Financial debts43€543k€632k▲
Credit institutions430/8€543k€632k▲
Trade debts44€132k€460k▲
Suppliers440/4€132k€460k▲
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€7k€1k▼
Remuneration and social security454/9€7k€15k▲
Other amounts payable47/48€345€100k▲
Income statement
Code20232024
Remuneration, social security and pensions62€44k€114k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€49k▲
Other operating charges640/8€11k€9k▼
Gross operating margin9900€304k€457k▲
Operating profit (loss)9901€212k€286k▲
Financial income75/76B€4k€838▼
Recurring financial income75€4k€838▼
Financial charges65/66B€29k€49k▲
Recurring financial charges65€29k€49k▲
Profit (loss) for the period before taxes9903€187k€237k▲
Income taxes67/77€55k€80k▲
Profit (loss) for the period9904€132k€157k▲
Profit (loss) for the period to be appropriated9905€132k€157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€367k€524k▲
Profit (loss) brought forward from the previous period14P€235k€367k▲
Profit to be distributed694/7-€100k
Directors or managers695-€100k
Social balance
Average headcount (FTE)90871.12.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €5k | €44k | €114k | ▲ 161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €307 | €4k | €17k | €37k | €49k | ▲ 32.2% |
| Other operating charges640/8 | - | €5k | €6k | €11k | €9k | ▼ 21.8% |
| Gross operating margin9900 | €16k | €104k | €241k | €304k | €457k | ▲ 50.2% |
| Operating profit (loss)9901 | €13k | €95k | €214k | €212k | €286k | ▲ 34.5% |
| Financial income75/76B | - | €0 | €50 | €4k | €838 | ▼ 79.7% |
| Recurring financial income75 | €525 | €0 | €50 | €4k | €838 | ▼ 79.7% |
| Financial charges65/66B | - | €4k | €11k | €29k | €49k | ▲ 67.9% |
| Recurring financial charges65 | €3k | €4k | €11k | €29k | €49k | ▲ 67.9% |
| Profit (loss) for the period before taxes9903 | €11k | €91k | €203k | €187k | €237k | ▲ 26.7% |
| Income taxes67/77 | €4k | €27k | €57k | €55k | €80k | ▲ 45.7% |
| Profit (loss) for the period9904 | €7k | €64k | €146k | €132k | €157k | ▲ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €7k | €64k | €146k | €132k | €157k | ▲ 18.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €378k | €849k | €1.31M | €1.94M | ▲ 48.5% |
| Fixed assets21/28 | €1k | €32k | €102k | €156k | €157k | ▲ 0.8% |
| Intangible fixed assets21 | - | €8k | €9k | €6k | €4k | ▼ 38.4% |
| Tangible fixed assets22/27 | €922 | €21k | €90k | €143k | €139k | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €7k | €5k | €21k | €31k | ▲ 46.3% |
| Furniture and vehicles24 | - | €14k | €85k | €122k | €108k | ▼ 11.0% |
| Financial fixed assets28 | €250 | €3k | €3k | €7k | €14k | ▲ 103% |
| Current assets29/58 | €66k | €346k | €747k | €1.15M | €1.78M | ▲ 55.0% |
| Amounts receivable after more than one year29 | - | €15k | €15k | €0 | - | - |
| Other amounts receivable291 | - | €15k | €15k | €0 | - | - |
| Amounts receivable within one year40/41 | €30k | €129k | €456k | €989k | €1.41M | ▲ 42.5% |
| Trade receivables40 | - | €93k | €360k | €781k | €1.07M | ▲ 36.6% |
| Other amounts receivable41 | - | €36k | €96k | €208k | €343k | ▲ 64.5% |
| Cash at bank and in hand54/58 | €19k | €201k | €276k | €160k | €371k | ▲ 132% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €378k | €849k | €1.31M | €1.94M | ▲ 48.5% |
| Equity10/15 | €25k | €190k | €335k | €468k | €524k | ▲ 12.2% |
| Contributions10/11 | - | €101k | €101k | €101k | €101k | = |
| Profit (loss) carried forward14 | €25k | €89k | €235k | €367k | €424k | ▲ 15.5% |
| Amounts payable17/49 | €42k | €189k | €514k | €838k | €1.41M | ▲ 68.8% |
| Amounts payable after more than one year17 | - | - | €55k | €63k | €100k | ▲ 58.2% |
| Financial debts170/4 | - | - | €55k | €63k | €100k | ▲ 58.2% |
| Amounts payable within one year42/48 | €42k | €189k | €459k | €774k | €1.31M | ▲ 69.6% |
| Current portion of amounts payable after more than one year42 | - | €23k | €91k | €85k | €105k | ▲ 23.6% |
| Financial debts43 | - | €52k | €209k | €543k | €632k | ▲ 16.4% |
| Credit institutions430/8 | - | €52k | €209k | €543k | €632k | ▲ 16.4% |
| Trade debts44 | €13k | €100k | €155k | €132k | €460k | ▲ 249% |
| Suppliers440/4 | - | €100k | €155k | €132k | €460k | ▲ 249% |
| Taxes, remuneration and social security45 | - | €13k | €4k | €15k | €17k | ▲ 14.0% |
| Taxes450/3 | - | €13k | €2k | €7k | €1k | ▼ 81.5% |
| Remuneration and social security454/9 | - | - | €2k | €7k | €15k | ▲ 106% |
| Other amounts payable47/48 | - | €232 | €345 | €345 | €100k | ▲ 28,911% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €64k | €146k | €132k | €157k | ▲ 18.8% |
| + Depreciation and write-downs630 | €307 | €4k | €17k | €37k | €49k | ▲ 32.2% |
| Operating cash flow (approximation) | €8k | €68k | €163k | €169k | €206k | ▲ 21.8% |
| Investment in fixed assets (approximation) | - | €-35k | €-86k | €-91k | €-50k | ▲ 44.8% |
| Change in cash | - | €182k | €75k | €-116k | €211k | ▲ 282% |
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
2025
26-09
KBO administration
Address strikeout annulled
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
25-07
KBO administration
Address struck
2024
31-12
Financial
Highest result since 2020net €157k ▲18.8%
Operating result €286k, net result €157k, both a record.
31-12
Financial
Equity above €500kEq €524k ▲12.2%
5 profitable years in a row build equity to €524k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €335k ▲77%
3 profitable years in a row build equity to €335k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Equity above €150kEq €190k ▲650%
2 profitable years in a row build equity to €190k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Lokeren · 4 establishment units since 2011
Ground area
2.6 ha
Building footprint
7,243 m²
Volume, LiDAR
206 m³
2 parcels, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
4 establishment units
CREATE
since 20112.199.284.364
Bouwstraat 14 C13, 9160 Lokeren
since 20242.360.690.384
Bouwstraat 14 C3, 9160 Lokeren
since 20242.360.690.483
Bouwstraat 14 C12, 9160 Lokeren
since 20242.360.690.582
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0160/00H002 | Flanders | 1.5 ha | 1 · 766 m² | 7.8 m |
| 46384D0699/00H000indicative | Flanders | 1.1 ha | 1 · 6,477 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 4,085 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
90391Promotion and organisation of arts and performing arts events
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.