CON_CREATE
ActiveSummary
CON_CREATE has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,638 and a net result of €5,083. Equity has been stable since 2018 (±0.5% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-11-2003 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.137.516.843 1600 Sint-Pieters-Leeuw, since 07-11-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Board and ownership
- SEERDEN Jeannine Henriette Rita MarieManaging director
- VAN NIEUWENHOVEN Hubertus Viktoor MarcellusManaging director
- VAN NIEUWENHOVEN Laurence MarcelleDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €50,588
- ▼ 14.5%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €5,083
- ▼ 61.2%
- Equity
- €156,638
- ▲ 3.4%
- Total assets
- €702,552
- ▼ 3.9%
- 2025 accounts filed 17 days after the deadline
Score breakdownlowers riskSize: total assets €702,552Figures for financial year 2025 (filed on 17-08-2026)No main activity registeredLegal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 29% of them on solvency, 10% on liquidity, 48% on profitability and 57% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 9 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 17 days after the deadline Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400971.
Annual accounts 2025 filed on 17-08-2026 at the NBB all 22 filings
Every figure per financial year
The operating result for 2025 is 59% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | - | €975,000 | €975,000 | €975,000 | €975,000 |
| Carrying value of the mortgaged assets | - | €768,558 | €733,752 | €696,668 | €663,292 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,615 | - | €5,607 |
| Depreciation and write-downs of the year | €43,571 | €36,507 | €36,422 | €36,180 | €36,482 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,213 | €43,571 | €43,571 | €43,571 | €36,507 | €36,422 | €36,180 | €36,482 | ▲ 0.8% |
| Other operating charges640/8 | - | - | - | €6,245 | €6,483 | €7,112 | €7,435 | €7,730 | ▲ 4.0% |
| Gross operating margin9900 | €43,805 | €42,031 | €36,897 | €48,726 | €45,978 | €50,587 | €59,168 | €50,588 | ▼ 14.5% |
| Operating profit (loss)9901 | -€10,686 | -€7,764 | -€13,211 | -€1,090 | €2,988 | €7,053 | €15,554 | €6,375 | ▼ 59.0% |
| Financial income75/76B | - | - | - | €9 | €0 | €56 | €0 | - | - |
| Recurring financial income75 | - | - | - | €9 | €0 | €56 | €0 | - | - |
| Financial charges65/66B | - | - | - | €1,924 | €1,708 | €1,558 | €1,148 | €784 | ▼ 31.7% |
| Recurring financial charges65 | €2,083 | €2,656 | €856 | €1,924 | €1,708 | €1,558 | €1,148 | €784 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | -€12,769 | -€10,420 | -€14,067 | -€3,005 | €1,280 | €5,551 | €14,406 | €5,591 | ▼ 61.2% |
| Income taxes67/77 | - | €169 | €141 | €146 | €149 | €505 | €1,310 | €508 | ▼ 61.2% |
| Profit (loss) for the period9904 | -€12,769 | -€10,589 | -€14,209 | -€3,151 | €1,131 | €5,047 | €13,096 | €5,083 | ▼ 61.2% |
| Profit (loss) for the period to be appropriated9905 | -€12,769 | -€10,589 | -€14,209 | -€3,151 | €1,131 | €5,047 | €13,096 | €5,083 | ▼ 61.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €941,813 | €901,647 | €862,684 | €818,417 | €788,604 | €747,426 | €730,828 | €702,552 | ▼ 3.9% |
| Fixed assets21/28 | €932,200 | €892,207 | €848,636 | €805,065 | €768,558 | €733,752 | €697,572 | €666,697 | ▼ 4.4% |
| Tangible fixed assets22/27 | €932,200 | €892,207 | €848,636 | €805,065 | €768,558 | €733,752 | €697,572 | €666,697 | ▼ 4.4% |
| Land and buildings22 | - | - | - | €805,065 | €768,558 | €732,426 | €696,668 | €663,292 | ▼ 4.8% |
| Furniture and vehicles24 | - | - | - | - | - | €1,326 | €904 | €3,406 | ▲ 277% |
| Current assets29/58 | €9,613 | €9,441 | €14,048 | €13,351 | €20,046 | €13,674 | €33,256 | €35,855 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €1,297 | €1,601 | - | - | - | €160 | €0 | - | - |
| Trade receivables40 | - | - | - | - | - | €160 | €0 | - | - |
| Cash at bank and in hand54/58 | €8,316 | €7,840 | €14,048 | €12,647 | €19,208 | €12,553 | €32,575 | €35,177 | ▲ 8.0% |
| Deferred charges and accrued income490/1 | - | - | - | €704 | €838 | €962 | €681 | €678 | ▼ 0.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €941,813 | €901,647 | €862,684 | €818,417 | €788,604 | €747,426 | €730,828 | €702,552 | ▼ 3.9% |
| Equity10/15 | €160,230 | €149,641 | €135,432 | €132,281 | €133,412 | €138,458 | €151,555 | €156,638 | ▲ 3.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €98,230 | €87,641 | €73,432 | €70,281 | €71,412 | €76,458 | €89,555 | €94,638 | ▲ 5.7% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €64,081 | €65,212 | €70,258 | €83,355 | €88,438 | ▲ 6.1% |
| Amounts payable17/49 | €781,583 | €752,007 | €727,252 | €686,136 | €655,193 | €608,968 | €579,273 | €545,914 | ▼ 5.8% |
| Amounts payable after more than one year17 | €91,568 | €77,659 | €63,750 | €49,841 | €35,932 | €22,023 | €8,114 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €49,841 | €35,932 | €22,023 | €8,114 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €685,169 | €669,425 | €660,710 | €633,503 | €617,468 | €584,981 | €570,159 | €544,735 | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,909 | €13,909 | €13,909 | €13,909 | €8,114 | ▼ 41.7% |
| Trade debts44 | €1,261 | €316 | €2,379 | €866 | €524 | €1,075 | €29 | €2,158 | ▲ 75× |
| Suppliers440/4 | - | - | - | €866 | €524 | €1,075 | €29 | €2,158 | ▲ 75× |
| Taxes, remuneration and social security45 | - | - | - | €291 | €296 | €505 | €1,814 | €1,818 | ▲ 0.2% |
| Taxes450/3 | - | - | - | €291 | €296 | €505 | €1,814 | €1,818 | ▲ 0.2% |
| Other amounts payable47/48 | - | - | - | €618,436 | €602,740 | €569,492 | €554,407 | €532,645 | ▼ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2,792 | €1,792 | €1,964 | €1,000 | €1,179 | ▲ 17.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,769 | -€10,589 | -€14,209 | -€3,151 | €1,131 | €5,047 | €13,096 | €5,083 | ▼ 61.2% |
| + Depreciation and write-downs630 | €48,213 | €43,571 | €43,571 | €43,571 | €36,507 | €36,422 | €36,180 | €36,482 | ▲ 0.8% |
| Operating cash flow (approximation) | €35,444 | €32,982 | €29,362 | €40,420 | €37,638 | €41,469 | €49,276 | €41,565 | ▼ 15.6% |
| Investment in fixed assets (approximation) | - | -€3,578 | €0 | €0 | €0 | -€1,615 | €0 | -€5,607 | - |
| Change in cash | - | -€477 | €6,208 | -€1,401 | €6,561 | -€6,656 | €20,022 | €2,602 | ▼ 87.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as CON_CREATE has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of CON_CREATE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for CON_CREATE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-08-2026 | 2026-00400971 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00235048 | |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00256438 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00265523 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20221390 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-24800359 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-36800287 | |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33300223 | |
| 31-12-2017 | micro format | 26-07-2018 | 2018-37600340 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59300264 |
Board & ownership
Directors
Board 4
Day-to-day management 2
Owners and capital
Shareholders
Capital transactions
- 21-12-2022 Capital stated in the deed · €62,000 · 62 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| SEERDEN Jeannine Henriette Rita Marie |
|
| VAN NIEUWENHOVEN Hubertus Viktoor Marcellus |
|
| VAN NIEUWENHOVEN Laurence Marcelle |
|
| VAN NIEUWENHOVEN Sebastien Robert |
|
Network & group
CON_CREATE shares no director with another company.
Connections & network
4 current directorsThe network starts from the directors of CON_CREATE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-12
Gazette deed
Amendment of the articles · Resignations & appointmentsReappointments: VAN NIEUWENHOVEN Hubertus Viktoor Marcellus, SEERDEN Jeannine Henriette Rita Marie and 2 others · Appointments: VAN NIEUWENHOVEN Hubertus Viktoor Marcellus (managing director) and SEERDEN Jeannine Henriette Rita Marie (managing director) · Incorporation33 points ▸
- Incorporation, 06-11-2003
- General meeting, 07-12-2022
- VAN NIEUWENHOVEN Hubertus Viktoor Marcellus is a shareholder
- Other provision, “huwelijksvermogensstelsel, Belgische wettelijk stelsel” (deed in Dutch), mentioned 2 times in the deed
- SEERDEN Jeannine Henriette Rita Marie is a shareholder
- VAN NIEUWENHOVEN Sebastien Robert is a shareholder
- Other provision, 29-08-2019
- VAN NIEUWENHOVEN Laurence Marcelle is a shareholder
- Other provision, “huwelijksvermogensstelsel, zuivere scheiding van goederen” (deed in Dutch)
- Other provision, “agenda buitengewone algemene vergadering, datum gewone algemene vergadering wijzigen” (deed in Dutch)
- Other provision, “bestuurders, verzaking oproepingsformaliteiten” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- The act holds 21 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23583K0222/00E000 | Flanders | 1,453 m² | 1 · 208 m² | 8.2 m · 2 |