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Generated 11-08-2026
Active BE 0415.640.941Private limited companyOpen bankruptcy

CREON CONSTRUCT

Ezelstraat 25 ·8000 Brugge, Belgium· 50 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

A bankruptcy procedure is open for CREON CONSTRUCT according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-1.79M) and a net result of €-165.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-1.79M
Net result €-165
Better than sector 5%
Active 50 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency33Growth32Stability0
13 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 33
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 10-02-2023 with the NBB · fiscal year 2022 · verkort
€-2.00M€-1.50M€-1.00M€-500k€0Operating result 2018: €71k€71kNet result 2018: €15k€15kOperating result 2019: €46k€46kNet result 2019: €9k€9kOperating result 2021: €-481k€-481kNet result 2021: €-523k€-523kOperating result 2022: €-1.53M€-1.53MNet result 2022: €-1.43M€-1.43MOperating result 2022: €-165€-165Net result 2022: €-165€-16520182019202120222022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 41, Construction of buildings · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -927.1% 21.4%
better than 5% of 262 sector peers
Net result €-165 €11k
better than 32% of 261 sector peers
Equity €-1.79M €64k
better than 5% of 262 sector peers
Gross operating margin €0 €89k
better than 19% of 260 sector peers
Staff costs €0 €156k
higher than 5% of 139 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-1.53M
-219.1% 18-22
Net profit
€-165
+100.0% 18-22
Cash flow
€-1.43M
-175.1% 18-22
Total assets
€193k
0.0% 18-22
Equity
€-1.79M
0.0% 18-22
Working capital
€-1.61M
0.0% 18-22
Employees (FTE)
4
-2.4% 18-22
Staff costs
€0
-100.0% 18-22
Income taxes
€0
-100.0% 18-22
Debt
€1.81M
0.0% 18-22
Debt ≤ 1y
€1.80M
0.0% 18-22
Debt > 1y
€0
-100.0% 18-22
Current ratio
0.11
0.0% 18-22
Quick ratio
0.11
0.0% 18-22
Solvency
-927.1%
0.0% 18-22
Debt / equity
-1.01
0.0% 18-22
ROE
0.0%
-100.0% 18-22
ROA
-0.1%
+100.0% 18-22
Interest coverage
-39.98
- 18-22
Figures by fiscal year
Fiscal year2022
Depositverkort
Revenue-
EBITDA-
Net profit€-165
Cash flow-
Staff costs€0
Income taxes-
Dividends-
Total assets€193k
Equity€-1.79M
Debt€1.81M
of which ≤ 1y€1.80M
of which > 1y-
Working capital€-1.61M
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.11
Quick ratio0.11
Working capital ratio-834.5%
Solvency-927.1%
Debt / equity-1.01
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-0.1%
ROE0.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€193k
Current assets 29/58€193k
Amounts receivable within one year 40/41€188k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€193k
Equity 10/15€-1.79M
Contributions / capital 10/11€89k
Accumulated profits (losses) 14€-1.88M
Provisions & deferred taxes 16€174k
Amounts payable 17/49€1.81M
Amounts payable within one year 42/48€1.80M
Trade debts payable within one year 44€308k
Income statement
Gross operating margin 9900€0
Operating result 9901€-165
Financial income 75€0
Financial charges 65€0
Result before taxes 9903€-165
Net result for the period 9904€-165
Result to be appropriated 9905€-165
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates2 persons
Role Name Tenure Source
Curator YVES CASTERMANS
HOUTKAAI 15/02, 8000 BRUGGE-
 14-03-2023 → present Belgian State Gazette
Curator MARC CASTERMANS
HOUTKAAI 15/02, 8000 BRUGGE- marc.castermans@castermans- advocaten.be
 14-03-2023 → present Belgian State Gazette
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation19-12-1975
StatusActive
Postal code8000
First BS signal 20-03-2023
Latest BS signal 20-03-2023
Company structure, linked entities2 linked entities
CREON CONSTRUCTBE 0415.640.941YVES CASTERMANSReceiverMARC CASTERMANSReceiver
Mandates
Establishment units 1 location
CREON CONSTRUCT
Brugsestraat 140, 8020 OostkampInstallatie van binnendeuren, scheidingswanden enzvan glas
since 19762.011.739.616
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31804D0182/00T000
ProtectedMonumentHerenhuis Dautricourt de SpotSource ↗
 Flanders 1,744 m² 1 · 803 m² 14.2 m · 3 fl.
31022I0107/00C015 Flanders 1,185 m² 1 · 511 m² 12.3 m · 1 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
20-03-2023
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · CREON CONSTRUCT BV <IN VEREFFENING> EZELSTRAAT 25, 8000 BRUGGE · event 14-03-2023
10-02-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
17-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
01-08-2022
State Gazette act Registered-office change
31-01-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2020
07-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
16-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
19-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
18-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
16-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
21-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
Lifecycle & Insolvency Signals 1 events
20-03-2023
Bankruptcy Opening
Date: 14-03-2023 · Ondernemingsrechtbank Gent, afdeling Brugge · CREON CONSTRUCT BV <IN VEREFFENING> EZELSTRAAT 25, 8000 BRUGGE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-03-20 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Address history · 1
01-08-2022
Registered-office move
All acts · 1 updated 4 years ago
2022
01-08-2022 Registered office moved from Oostkamp to Brugge Registered-office change
  • Brugsestraat 140, 8020 Оostkamp → Ezelstraat 25, 8000 Brugge
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Ezelstraat 25, 8000 Brugge",
        "city": "Brugge",
        "region": "vlaams_gewest",
        "street": "Ezelstraat",
        "country": "BE",
        "postcode": "8000",
        "box_number": null,
        "street_number": "25",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Brugsestraat 140, 8020 \u041Eostkamp",
        "city": "Oostkamp",
        "region": "vlaams_gewest",
        "street": "Brugsestraat",
        "country": "BE",
        "postcode": "8020",
        "box_number": null,
        "street_number": "140",
        "locality_suffix": null
      },
      "effective_date": "2022-07-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-08-01",
    "filing_date": "2022-07-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2022-07-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0415.640.941",
    "name_full": "Creon Construct",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Jens Vrebos",
    "org_rep_person_name": null,
    "person_role_at_subject": "Vereffenaar"
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Slopen43110Slopen43110Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameNL CREON CONSTRUCT
Registered office
Ezelstraat 25
8000 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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VERHAEGHE ALGEMENE BOUWONDERNEMING BE 0411.101.143 · Brugge
Bouwkantoor Danneels BE 0414.510.593 · Brugge
Bouwonderneming De Brabant Gebroeders BE 0405.176.027 · Dentergem
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative