CREFORM
Dissolution or liquidationSummary
The KBO register records for CREFORM the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €149k and a net result of €-12k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day 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
1 d late
2024
1 d early
2023
2 d early
2022
1 d early
2021
on the day
2020
1 d late
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▼ 7.6%
2024 · €161k
2019: €523k
2020: €542k
2021: €548k
2022: €548k
2023: €158k
2024: €161k
2019 → 2025
Total assets
€504k▼ 12.8%
2024 · €578k
2019: €919k
2020: €900k
2021: €875k
2022: €891k
2023: €692k
2024: €578k
2019 → 2025
Net result
€-12k
2024 · €4k
2019: €14k
2020: €19k
2021: €6k
2022: €208
2023: €6k
2024: €4k
2019 → 2025
Working capital
€108k▼ 6.8%
2024 · €116k
2019: €162k
2020: €100k
2021: €225k
2022: €281k
2023: €237k
2024: €116k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€548k-€548k=€158k▼ 71.2%€161k▲ 2.4%€149k▼ 7.6%
Operating result€-9k-€9k€24k▲ 176%€-36k€-27k▲ 24.3%
Net result€6k-€208▼ 96.5%€6k▲ 2,833%€4k▼ 39.0%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €36k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504k
Fixed assets
€377k ▼ 8.6%
Current assets
€128k ▼ 23.2%
Equity and liabilities €504k
Equity
€149k ▼ 7.6%
Debt
€355k ▼ 14.8%
Debt's share of the balance-sheet total falls from 72.1% to 70.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €-5k
Cash flow
€23k▼
2024 · €35k
Current ratio
6.44▲
2024 · 3.29
Debt to equity
2.38▼
2024 · 2.58
ROE
-8.2%▼
2024 · 2.3%
ROA
-2.4%▼
2024 · 0.6%
Interest coverage
2.15▲
2024 · -0.61
Debt ≤ 1 year
€20k▼
2024 · €51k
Debt > 1 year
€308k▼
2024 · €342k
Income taxes
€964▼
2024 · €5k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€578k€504k▼
Fixed assets21/28€412k€377k▼
Tangible fixed assets22/27€412k€377k▼
Land and buildings22€6k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€30k€15k▼
Other tangible fixed assets26€375k€357k▼
Current assets29/58€166k€128k▼
Amounts receivable within one year40/41€29k€4k▼
Trade receivables40€29k€609▼
Other amounts receivable41-€3k
Current investments50/53€121k€115k▼
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€578k€504k▼
Equity10/15€161k€149k▼
Contributions10/11€19k€19k=
Reserves13€141k€141k=
Non-distributable reserves130/1-€4k
Reserves not available under the articles1311-€4k
Distributable reserves133€141k€137k▼
Profit (loss) carried forward14€2k€-10k▼
Amounts payable17/49€417k€355k▼
Amounts payable after more than one year17€342k€308k▼
Financial debts170/4€342k€308k▼
Amounts payable within one year42/48€51k€20k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€10k€123▼
Taxes450/3€10k€123▼
Other amounts payable47/48€35k€13k▼
Accrued charges and deferred income492/3€24k€27k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€35k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€-2k€10k▲
Operating profit (loss)9901€-36k€-27k▲
Financial income75/76B€53k€20k▼
Recurring financial income75€53k€20k▼
Financial charges65/66B€8k€4k▼
Recurring financial charges65€8k€4k▼
Profit (loss) for the period before taxes9903€8k€-11k▼
Income taxes67/77€5k€964▼
Profit (loss) for the period9904€4k€-12k▼
Profit (loss) for the period to be appropriated9905€4k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-10k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€4k-
To other reserves6921€4k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
30-06
Financial
Weakest financial yearnet €-12k ▼430%
Net result drops to €-12k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 4.84
Current ratio from 1.54 to 4.84; short-term debt falls from €184k to €59k.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Highest result since 2019net €19k ▲36.6%
Operating result €30k, net result €19k, both a record.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gistel · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldstraat 18470 GistelGround area
2,602 m²
Building footprint
151 m²
Volume, LiDAR
852 m³
Parcel 35019C0128/00E000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREFORM
since 19912.047.024.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35019C0128/00E000 | Flanders | 2,602 m² | 1 · 151 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,050 EUR awarded · 1,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,050 EUR | 1,050 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
9676006MQYCA7JMFYO98
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,936 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-1990
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.