CREATEC
ActiveThe file of CREATEC contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.9% (moderate). The 2024 annual accounts show equity of €82k and a net result of €-9k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 36375 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-81
Solvency71▼-15
Growth52▼-26
Track record77
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 1.83 against 2.93 in 2023; short-term debt: 49.6% and cash: 0% of total assets), but 54.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.8%
Return on assets
-5.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-02-2026, 211 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
211 d late
2023
12 d late
2022
31 d late
2021
4 d late
2020
31 d early
2019
56 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€82k▼ 10.0%
2023 · €91k
2018: €40k
2019: €40k▲ +0.8% vs 2018
2020: €40k▼ -1.0% vs 2019lowest in 7 years
2021: €61k▲ +51.9% vs 2020
2022: €63k▲ +3.3% vs 2021
2023: €91k▲ +45.2% vs 2022highest in 7 years
2024: €82k▼ -10.0% vs 2023
2018 → 2024
Total assets
€179k▲ 20.1%
2023 · €149k
2018: €91klowest in 7 years
2019: €96k▲ +5.2% vs 2018
2020: €102k▲ +5.7% vs 2019
2021: €116k▲ +13.8% vs 2020
2022: €130k▲ +12.7% vs 2021
2023: €149k▲ +14.5% vs 2022
2024: €179k▲ +20.1% vs 2023highest in 7 years
2018 → 2024
Net result
€-9k
2023 · €28k
2018: €-7k
2019: €310▲ +104% vs 2018
2020: €-386▼ -224% vs 2019
2021: €21k▲ +5476% vs 2020
2022: €27k▲ +30.0% vs 2021
2023: €28k▲ +5.3% vs 2022highest in 7 years
2024: €-9k▼ -132% vs 2023lowest in 7 years
2018 → 2024
Working capital
€73k▼ 17.4%
2023 · €89k
2018: €32klowest in 7 years
2019: €35k▲ +10.7% vs 2018
2020: €32k▼ -7.1% vs 2019
2021: €53k▲ +64.5% vs 2020
2022: €53k▼ -0.2% vs 2021
2023: €89k▲ +67.0% vs 2022highest in 7 years
2024: €73k▼ -17.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€61k▲ 51.9%€63k▲ 3.3%€91k▲ 45.2%€82k▼ 10.0%
2020: €40klowest in 5 years
2021: €61k▲ +51.9% vs 2020
2022: €63k▲ +3.3% vs 2021
2023: €91k▲ +45.2% vs 2022highest in 5 years
2024: €82k▼ -10.0% vs 2023
Operating result€2k-€35k▲ 1,349%€42k▲ 22.8%€46k▲ 7.3%€-19k
2020: €2k
2021: €35k▲ +1349% vs 2020
2022: €42k▲ +22.8% vs 2021
2023: €46k▲ +7.3% vs 2022highest in 5 years
2024: €-19k▼ -142% vs 2023lowest in 5 years
Net result€-386-€21k€27k▲ 30.0%€28k▲ 5.3%€-9k
2020: €-386
2021: €21k▲ +5476% vs 2020
2022: €27k▲ +30.0% vs 2021
2023: €28k▲ +5.3% vs 2022highest in 5 years
2024: €-9k▼ -132% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19k after €46k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179k
Fixed assets
€17k ▲ 18.5%
Current assets
€162k ▲ 20.2%
Equity and liabilities €179k
Equity
€82k ▼ 10.0%
Debt
€97k ▲ 67.3%
Debt's share of the balance-sheet total rises from 38.9% to 54.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2023 · €50k
Cash flow
€-4k▼
2023 · €33k
Current ratio
1.83▼
2023 · 2.93
Debt to equity
1.18▲
2023 · 0.64
ROE
-11.1%▼
2023 · 31.2%
ROA
-5.1%▼
2023 · 19.0%
Interest coverage
-2.95▼
2023 · 9.92
Debt ≤ 1 year
€89k▲
2023 · €46k
Debt > 1 year
€8k▼
2023 · €12k
Income taxes
€480▼
2023 · €14k
Staff costs
€241▼
2023 · €519
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€149k€179k▲
Fixed assets21/28€14k€17k▲
Tangible fixed assets22/27€14k€17k▲
Furniture and vehicles24€14k€17k▲
Financial fixed assets28€225€225=
Current assets29/58€135k€162k▲
Amounts receivable after more than one year29€78k€52k▼
Other amounts receivable291€78k€52k▼
Amounts receivable within one year40/41€57k€109k▲
Trade receivables40€57k€82k▲
Other amounts receivable41€304€27k▲
Cash at bank and in hand54/58€10€35▲
Deferred charges and accrued income490/1€353€715▲
Equity and liabilities
Total equity and liabilities10/49€149k€179k▲
Equity10/15€91k€82k▼
Contributions10/11€6k€6k=
Reserves13€85k€76k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€82k€73k▼
Amounts payable17/49€58k€97k▲
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4€12k€8k▼
Amounts payable within one year42/48€46k€89k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€43k€62k▲
Taxes450/3€43k€62k▲
Other amounts payable47/48€1k€20k▲
Accrued charges and deferred income492/3€317€317=
Income statement
Code20232024
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€519€241▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€299€1k▲
Gross operating margin9900€51k€-13k▼
Operating profit (loss)9901€46k€-19k▼
Financial income75/76B€2k€15k▲
Recurring financial income75€2k€2k▼
Non-recurring financial income76B-€14k
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€42k€-9k▼
Income taxes67/77€14k€480▼
Profit (loss) for the period9904€28k€-9k▼
Profit (loss) for the period to be appropriated9905€28k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€-9k▼
Transfer from equity791/2-€9k
Transfer to equity691/2€28k-
To other reserves6921€28k-
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10k | - | €13k | - | - |
| Remuneration, social security and pensions62 | - | €587 | €669 | €519 | €241 | ▼ 53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €3k | €5k | €5k | ▲ 5.1% |
| Other operating charges640/8 | - | €835 | €2k | €299 | €1k | ▲ 237% |
| Gross operating margin9900 | €11k | €39k | €48k | €51k | €-13k | ▼ 126% |
| Operating profit (loss)9901 | €2k | €35k | €42k | €46k | €-19k | ▼ 142% |
| Financial income75/76B | - | €3k | €2k | €2k | €15k | ▲ 785% |
| Recurring financial income75 | €4k | €3k | €2k | €2k | €2k | ▼ 12.8% |
| Non-recurring financial income76B | - | - | - | - | €14k | - |
| Financial charges65/66B | - | €6k | €5k | €5k | €5k | ▼ 3.3% |
| Recurring financial charges65 | €5k | €6k | €5k | €5k | €5k | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €1k | €31k | €40k | €42k | €-9k | ▼ 121% |
| Income taxes67/77 | €2k | €10k | €13k | €14k | €480 | ▼ 96.5% |
| Profit (loss) for the period9904 | €-386 | €21k | €27k | €28k | €-9k | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €-386 | €21k | €27k | €28k | €-9k | ▼ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102k | €116k | €130k | €149k | €179k | ▲ 20.1% |
| Fixed assets21/28 | €8k | €8k | €10k | €14k | €17k | ▲ 18.5% |
| Tangible fixed assets22/27 | €7k | €7k | €10k | €14k | €17k | ▲ 18.8% |
| Furniture and vehicles24 | - | €7k | €10k | €14k | €17k | ▲ 18.8% |
| Financial fixed assets28 | €525 | €525 | €225 | €225 | €225 | = |
| Current assets29/58 | €94k | €108k | €121k | €135k | €162k | ▲ 20.2% |
| Amounts receivable after more than one year29 | - | €78k | €78k | €78k | €52k | ▼ 32.8% |
| Other amounts receivable291 | - | €78k | €78k | €78k | €52k | ▼ 32.8% |
| Amounts receivable within one year40/41 | €58k | €27k | €39k | €57k | €109k | ▲ 92.0% |
| Trade receivables40 | - | €23k | €35k | €57k | €82k | ▲ 45.2% |
| Other amounts receivable41 | - | €4k | €4k | €304 | €27k | ▲ 8,797% |
| Cash at bank and in hand54/58 | €4k | €1k | €2k | €10 | €35 | ▲ 250% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €353 | €715 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102k | €116k | €130k | €149k | €179k | ▲ 20.1% |
| Equity10/15 | €40k | €61k | €63k | €91k | €82k | ▼ 10.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €34k | €55k | €57k | €85k | €76k | ▼ 10.8% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €51k | €53k | €82k | €73k | ▼ 11.2% |
| Profit (loss) carried forward14 | €-386 | - | - | - | - | - |
| Amounts payable17/49 | €62k | €55k | €68k | €58k | €97k | ▲ 67.3% |
| Amounts payable after more than one year17 | - | - | - | €12k | €8k | ▼ 31.9% |
| Financial debts170/4 | - | - | - | €12k | €8k | ▼ 31.9% |
| Amounts payable within one year42/48 | €61k | €55k | €67k | €46k | €89k | ▲ 93.0% |
| Trade debts44 | €18k | €14k | €12k | €2k | €6k | ▲ 323% |
| Suppliers440/4 | - | €14k | €12k | €2k | €6k | ▲ 323% |
| Taxes, remuneration and social security45 | - | €12k | €28k | €43k | €62k | ▲ 43.1% |
| Taxes450/3 | - | €12k | €28k | €43k | €62k | ▲ 43.1% |
| Remuneration and social security454/9 | - | €524 | - | - | - | - |
| Other amounts payable47/48 | - | €28k | €28k | €1k | €20k | ▲ 1,725% |
| Accrued charges and deferred income492/3 | - | €317 | €317 | €317 | €317 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-386 | €21k | €27k | €28k | €-9k | ▼ 132% |
| + Depreciation and write-downs630 | €5k | €3k | €3k | €5k | €5k | ▲ 5.1% |
| Operating cash flow (approximation) | €5k | €23k | €30k | €33k | €-4k | ▼ 113% |
| Investment in fixed assets (approximation) | - | €-2k | €-5k | €-9k | €-7k | ▲ 17.2% |
| Change in cash | - | €-3k | €707 | €-2k | €25 | ▲ 101% |
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
2026
01-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 26-03-2026
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 211 days late
28-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 22-01-2026
2025
06-10
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Highest result since 2018net €28k ▲5.3%
Operating result €46k, net result €28k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €310
Net result €310 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beringen · 1 establishment unit since 2002
Ground area
7,595 m²
Building footprint
289 m²
Volume, LiDAR
1,012 m³
Parcel 71004A0149/00P002, Flanders · tallest building 13.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ward Schoutedenstraat 3, 3580 Beringen
since 20022.131.947.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0149/00P002 | Flanders | 7,595 m² | 1 · 289 m² | 13.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CARL SCHREURS PASTOOR RAEYMAEKERS-
STRAAT 25, 3600 GENK |
22-01-2026 → 26-03-2026 |
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,063 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
Founded06-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.