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 €82,014 and a net result of -€9,141. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 36381 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 €3,000 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.
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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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
History
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Financials · fiscal year 2024, micro schema
Equity
€82,014▼ 10.0%
2023 · €91,155
Total assets
€179,162▲ 20.1%
2023 · €149,228
Net result
-€9,141
2023 · €28,396
Working capital
€73,430▼ 17.4%
2023 · €88,936
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,386▼ 27.9%€34,562▲ 1,349%€42,439▲ 22.8%€45,521▲ 7.3%-€19,232
Net result-€386below the sector's middle half€20,742within the sector's middle half€26,963within the sector's middle half▲ 30.0%€28,396within the sector's middle half▲ 5.3%-€9,141below the sector's middle half
Equity€39,989within the sector's middle half▼ 1.0%€60,731within the sector's middle half▲ 51.9%€62,758within the sector's middle half▲ 3.3%€91,155within the sector's middle half▲ 45.2%€82,014within the sector's middle half▼ 10.0%
Total assets€101,701within the sector's middle half▲ 5.7%€115,690within the sector's middle half▲ 13.8%€130,336within the sector's middle half▲ 12.7%€149,228within the sector's middle half▲ 14.5%€179,162within the sector's middle half▲ 20.1%
Debt€61,712▲ 10.5%€54,959▼ 10.9%€67,577▲ 23.0%€58,073▼ 14.1%€97,147▲ 67.3%
Working capital€32,422within the sector's middle half▼ 7.1%€53,335within the sector's middle half▲ 64.5%€53,254within the sector's middle half▼ 0.2%€88,936within the sector's middle half▲ 67.0%€73,430within the sector's middle half▼ 17.4%
Solvency39.3%within the sector's middle half▼ 2.6pp52.5%within the sector's middle half▲ 13.2pp48.2%within the sector's middle half▼ 4.3pp61.1%within the sector's middle half▲ 12.9pp45.8%within the sector's middle half▼ 15.3pp
Current ratio1.53within the sector's middle half▼ 0.101.98within the sector's middle half▲ 0.451.79within the sector's middle half▼ 0.182.93within the sector's middle half▲ 1.141.83within the sector's middle half▼ 1.10
Return on assets (ROA)-0.4%below the sector's middle half▼ 0.7pp17.9%above the sector's middle half▲ 18.3pp20.7%above the sector's middle half▲ 2.8pp19.0%above the sector's middle half▼ 1.7pp-5.1%below the sector's middle half▼ 24.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €19,232 after €45,521 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,162
Fixed assets
€16,865 ▲ 18.5%
Current assets
€162,297 ▲ 20.2%
Equity and liabilities €179,162
Equity
€82,014 ▼ 10.0%
Debt
€97,147 ▲ 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
-€14,400▼
2023 · €50,116
Cash flow
-€4,309▼
2023 · €32,992
Debt to equity
1.18▲
2023 · 0.64
ROE
-11.1%▼
2023 · 31.2%
Interest coverage
-2.95▼
2023 · 9.92
Debt ≤ 1 year
€88,867▲
2023 · €46,055
Debt > 1 year
€7,963▼
2023 · €11,701
Income taxes
€480▼
2023 · €13,820
Staff costs
€241▼
2023 · €519
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,200 | - | €12,769 | - | - |
| Remuneration, social security and pensions62 | - | €587 | €669 | €519 | €241 | ▼ 53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,468 | €2,533 | €2,752 | €4,595 | €4,832 | ▲ 5.1% |
| Other operating charges640/8 | - | €835 | €2,212 | €299 | €1,008 | ▲ 237% |
| Gross operating margin9900 | €10,524 | €38,517 | €48,072 | €50,934 | -€13,151 | ▼ 126% |
| Operating profit (loss)9901 | €2,386 | €34,562 | €42,439 | €45,521 | -€19,232 | ▼ 142% |
| Financial income75/76B | - | €2,512 | €2,498 | €1,746 | €15,457 | ▲ 785% |
| Recurring financial income75 | €3,919 | €2,512 | €2,498 | €1,746 | €1,522 | ▼ 12.8% |
| Non-recurring financial income76B | - | - | - | - | €13,936 | - |
| Financial charges65/66B | - | €6,358 | €5,317 | €5,051 | €4,886 | ▼ 3.3% |
| Recurring financial charges65 | €4,883 | €6,358 | €5,317 | €5,051 | €4,886 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €1,422 | €30,716 | €39,620 | €42,216 | -€8,661 | ▼ 121% |
| Income taxes67/77 | €1,808 | €9,974 | €12,657 | €13,820 | €480 | ▼ 96.5% |
| Profit (loss) for the period9904 | -€386 | €20,742 | €26,963 | €28,396 | -€9,141 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | -€386 | €20,742 | €26,963 | €28,396 | -€9,141 | ▼ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,701 | €115,690 | €130,336 | €149,228 | €179,162 | ▲ 20.1% |
| Fixed assets21/28 | €7,867 | €7,713 | €9,822 | €14,236 | €16,865 | ▲ 18.5% |
| Tangible fixed assets22/27 | €7,342 | €7,188 | €9,597 | €14,011 | €16,640 | ▲ 18.8% |
| Furniture and vehicles24 | - | €7,188 | €9,597 | €14,011 | €16,640 | ▲ 18.8% |
| Financial fixed assets28 | €525 | €525 | €225 | €225 | €225 | = |
| Current assets29/58 | €93,834 | €107,977 | €120,514 | €134,991 | €162,297 | ▲ 20.2% |
| Amounts receivable after more than one year29 | - | €77,633 | €77,633 | €77,633 | €52,133 | ▼ 32.8% |
| Other amounts receivable291 | - | €77,633 | €77,633 | €77,633 | €52,133 | ▼ 32.8% |
| Amounts receivable within one year40/41 | €57,994 | €27,154 | €39,105 | €56,995 | €109,414 | ▲ 92.0% |
| Trade receivables40 | - | €22,716 | €35,215 | €56,690 | €82,323 | ▲ 45.2% |
| Other amounts receivable41 | - | €4,438 | €3,890 | €304 | €27,091 | ▲ 8,797% |
| Cash at bank and in hand54/58 | €4,301 | €1,144 | €1,851 | €10 | €35 | ▲ 250% |
| Deferred charges and accrued income490/1 | - | €2,045 | €1,924 | €353 | €715 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,701 | €115,690 | €130,336 | €149,228 | €179,162 | ▲ 20.1% |
| Equity10/15 | €39,989 | €60,731 | €62,758 | €91,155 | €82,014 | ▼ 10.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €34,175 | €54,531 | €56,558 | €84,955 | €75,814 | ▼ 10.8% |
| Non-distributable reserves130/1 | - | €3,263 | €3,263 | €3,263 | €3,263 | = |
| Reserves not available under the articles1311 | - | €3,263 | €3,263 | €3,263 | €3,263 | = |
| Distributable reserves133 | - | €51,268 | €53,295 | €81,692 | €72,551 | ▼ 11.2% |
| Profit (loss) carried forward14 | -€386 | - | - | - | - | - |
| Amounts payable17/49 | €61,712 | €54,959 | €67,577 | €58,073 | €97,147 | ▲ 67.3% |
| Amounts payable after more than one year17 | - | - | - | €11,701 | €7,963 | ▼ 31.9% |
| Financial debts170/4 | - | - | - | €11,701 | €7,963 | ▼ 31.9% |
| Amounts payable within one year42/48 | €61,412 | €54,642 | €67,260 | €46,055 | €88,867 | ▲ 93.0% |
| Trade debts44 | €17,614 | €14,338 | €11,673 | €1,510 | €6,392 | ▲ 323% |
| Suppliers440/4 | - | €14,338 | €11,673 | €1,510 | €6,392 | ▲ 323% |
| Taxes, remuneration and social security45 | - | €12,306 | €27,611 | €43,431 | €62,160 | ▲ 43.1% |
| Taxes450/3 | - | €11,782 | €27,611 | €43,431 | €62,160 | ▲ 43.1% |
| Remuneration and social security454/9 | - | €524 | - | - | - | - |
| Other amounts payable47/48 | - | €27,998 | €27,976 | €1,113 | €20,315 | ▲ 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 | €20,742 | €26,963 | €28,396 | -€9,141 | ▼ 132% |
| + Depreciation and write-downs630 | €5,468 | €2,533 | €2,752 | €4,595 | €4,832 | ▲ 5.1% |
| Operating cash flow (approximation) | €5,082 | €23,275 | €29,715 | €32,992 | -€4,309 | ▼ 113% |
| Investment in fixed assets (approximation) | - | -€2,379 | -€4,861 | -€9,010 | -€7,460 | ▲ 17.2% |
| Change in cash | - | -€3,157 | €707 | -€1,841 | €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 -€9,141
Net result drops to -€9,141, 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 €28,396 ▲5.3%
Operating result €45,521, net result €28,396, 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 €20,742
Net result €20,742 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 7,043 companies in sector 43221 we hold annual accounts for 3,477. 3,069 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477026204
Also
9925:BE0477026204
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.