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CRE-8

Active
Private limited companyfounded 20241 yr activeJozef Nellenslaan 124, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 1015.846.752
Summary

The computed 12-month bankruptcy probability of CRE-8 is 1.5% (moderate). The 2025 annual accounts show equity of €206,304 and a net result of -€93,696. Its solvency ranks better than 58% of 7564 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency76
Growth-
Track record67
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.63; short-term debt: 27.3% and cash: 11% of total assets), and 48.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CRE-8 was incorporated on 4 November 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€206,304
Total assets
€400,963
Net result
-€93,696
Working capital
€178,593

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €400,963
Fixed assets €112,992
Current assets €287,971
Equity and liabilities €400,963
Equity €206,304
Debt €194,659
Debt finances 48.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€54,847
Cash flow
-€60,633
Current ratio
2.63
Debt to equity
0.94
ROE
-45.4%
ROA
-23.4%
Interest coverage
-10.63
Debt ≤ 1 year
€109,378
Debt > 1 year
€85,281
Income taxes
€1,707

Peer companies

Historical observation

Of the 584 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.2% went bankrupt
6.0% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 584 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
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€400,963
Fixed assets21/28€112,992
Tangible fixed assets22/27€112,992
Furniture and vehicles24€112,992
Current assets29/58€287,971
Amounts receivable within one year40/41€241,990
Other amounts receivable41€241,990
Cash at bank and in hand54/58€43,922
Deferred charges and accrued income490/1€2,059
Equity and liabilities
Total equity and liabilities10/49€400,963
Equity10/15€206,304
Contributions10/11€300,000
Profit (loss) carried forward14-€93,696
Amounts payable17/49€194,659
Amounts payable after more than one year17€85,281
Financial debts170/4€85,281
Amounts payable within one year42/48€109,378
Current portion of amounts payable after more than one year42€26,348
Trade debts44€1,193
Suppliers440/4€1,193
Taxes, remuneration and social security45€1,728
Taxes450/3€1,728
Other amounts payable47/48€80,110
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,063
Other operating charges640/8€926
Gross operating margin9900-€53,921
Operating profit (loss)9901-€87,910
Financial income75/76B€1,080
Recurring financial income75€1,080
Financial charges65/66B€5,160
Recurring financial charges65€5,160
Profit (loss) for the period before taxes9903-€91,989
Income taxes67/77€1,707
Profit (loss) for the period9904-€93,696
Profit (loss) for the period to be appropriated9905-€93,696
Appropriation of the result
Profit (loss) to be appropriated9906-€93,696

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,063
Other operating charges640/8€926
Gross operating margin9900-€53,921
Operating profit (loss)9901-€87,910
Financial income75/76B€1,080
Recurring financial income75€1,080
Financial charges65/66B€5,160
Recurring financial charges65€5,160
Profit (loss) for the period before taxes9903-€91,989
Income taxes67/77€1,707
Profit (loss) for the period9904-€93,696
Profit (loss) for the period to be appropriated9905-€93,696
Line2025
Assets
Total assets20/58€400,963
Fixed assets21/28€112,992
Tangible fixed assets22/27€112,992
Furniture and vehicles24€112,992
Current assets29/58€287,971
Amounts receivable within one year40/41€241,990
Other amounts receivable41€241,990
Cash at bank and in hand54/58€43,922
Deferred charges and accrued income490/1€2,059
Equity and liabilities
Total equity and liabilities10/49€400,963
Equity10/15€206,304
Contributions10/11€300,000
Profit (loss) carried forward14-€93,696
Amounts payable17/49€194,659
Amounts payable after more than one year17€85,281
Financial debts170/4€85,281
Amounts payable within one year42/48€109,378
Current portion of amounts payable after more than one year42€26,348
Trade debts44€1,193
Suppliers440/4€1,193
Taxes, remuneration and social security45€1,728
Taxes450/3€1,728
Other amounts payable47/48€80,110
Line2025
Profit (loss) for the period9904-€93,696
+ Depreciation and write-downs630€33,063
Operating cash flow (approximation)-€60,633

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Knokke-Heist
exact location from the address register On OpenStreetMap
Ground area
327 m²
Building footprint
66 m²
Volume, LiDAR
632 m³
Parcel 31013A0049/00A000, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31013A0049/00A000 Flanders 327 m² 1 · 66 m² 13.2 m · 3 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.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,012 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
Founded04-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015846752
Registered 29-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.