CRE@NET
ActiveSummary
The computed 12-month bankruptcy probability of CRE@NET is 6.9% (elevated). The 2021 annual accounts show negative equity (-€207,656) and a net result of -€35,153. Equity is shrinking by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 6663 sector peers (fiscal year 2021). The company has been active since 1981 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Axes, FY 2021 · tick = 2020
Profitability0=
Solvency0=
Growth58▲+26
Track record76
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
-129%
Return on assets
-21.8%
Age of the figures
67 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 28-02-2021 was due by 30-09-2021 and was filed on 29-10-2021, 29 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 · 10 filingsDeviation from the deadline
2021
29 d late
2020
266 d late
2019
632 d late
2018
996 d late
2017
164 d late
2014
182 d late
2013
544 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 402 days after the deadline; the sector median for financial year 2021 is 2 days after the deadline, and 51% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingAddress struckStrikeout withdrawal
History
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Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€35,153▲ 61.3%
2020 · -€90,887
Working capital
-€216,406▼ 19.3%
2020 · -€181,331
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line201920202021
Operating result-€77,363--€90,100▼ 16.5%-€34,365▲ 61.9%
Net result-€78,506--€90,887below the sector's middle half▼ 15.8%-€35,153below the sector's middle half▲ 61.3%
Equity-€81,616--€172,503below the sector's middle half▼ 111%-€207,656below the sector's middle half▼ 20.4%
Total assets€162,583-€172,180below the sector's middle half▲ 5.9%€160,973below the sector's middle half▼ 6.5%
Debt€244,199-€344,683▲ 41.1%€368,629▲ 6.9%
Working capital-€91,364--€181,331below the sector's middle half▼ 98.5%-€216,406below the sector's middle half▼ 19.3%
Solvency-50.2%--100.2%below the sector's middle half▼ 50.0pp-129.0%below the sector's middle half▼ 28.8pp
Current ratio0.63-0.47below the sector's middle half▼ 0.150.41below the sector's middle half▼ 0.06
Return on assets (ROA)-48.3%--52.8%below the sector's middle half▼ 4.5pp-21.8%below the sector's middle half▲ 30.9pp
Staff (FTE)2-2below the sector's middle half=2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,365 in 2021 against €90,100 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €160,973
Fixed assets
€8,751 ▼ 0.9%
Current assets
€152,223 ▼ 6.8%
Key figures and ratios
EBITDA
-€33,688▲
2020 · -€89,181
Cash flow
-€34,476▲
2020 · -€89,968
Quick ratio
0.05▼
2020 · 0.05
Debt ≤ 1 year
€368,629▲
2020 · €344,683
Income taxes
€99▼
2020 · €179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,054 | €919 | €678 | ▼ 26.3% |
| Gross operating margin9900 | €81,956 | €26,000 | €30,817 | ▲ 18.5% |
| Operating profit (loss)9901 | -€77,363 | -€90,100 | -€34,365 | ▲ 61.9% |
| Recurring financial charges65 | €886 | €607 | €688 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | -€78,249 | -€90,708 | -€35,054 | ▲ 61.4% |
| Income taxes67/77 | €257 | €179 | €99 | ▼ 44.5% |
| Profit (loss) for the period9904 | -€78,506 | -€90,887 | -€35,153 | ▲ 61.3% |
| Profit (loss) for the period to be appropriated9905 | -€78,506 | -€90,887 | -€35,153 | ▲ 61.3% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €162,583 | €172,180 | €160,973 | ▼ 6.5% |
| Fixed assets21/28 | €9,748 | €8,829 | €8,751 | ▼ 0.9% |
| Tangible fixed assets22/27 | €1,623 | €704 | €626 | ▼ 11.1% |
| Financial fixed assets28 | €8,125 | €8,125 | €8,125 | = |
| Current assets29/58 | €152,836 | €163,351 | €152,223 | ▼ 6.8% |
| Stocks and contracts in progress3 | €144,800 | €144,800 | €133,361 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €2,161 | €2,195 | €1,580 | ▼ 28.0% |
| Cash at bank and in hand54/58 | €5,874 | €16,356 | €17,282 | ▲ 5.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €162,583 | €172,180 | €160,973 | ▼ 6.5% |
| Equity10/15 | -€81,616 | -€172,503 | -€207,656 | ▼ 20.4% |
| Contributions10/11 | €18,543 | €18,543 | €18,543 | = |
| Reserves13 | €4,409 | €4,409 | €4,409 | = |
| Profit (loss) carried forward14 | -€104,567 | -€195,454 | -€230,607 | ▼ 18.0% |
| Amounts payable17/49 | €244,199 | €344,683 | €368,629 | ▲ 6.9% |
| Amounts payable within one year42/48 | €244,199 | €344,683 | €368,629 | ▲ 6.9% |
| Trade debts44 | €40,420 | €85,230 | €74,914 | ▼ 12.1% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,506 | -€90,887 | -€35,153 | ▲ 61.3% |
| + Depreciation and write-downs630 | €6,054 | €919 | €678 | ▼ 26.3% |
| Operating cash flow (approximation) | -€72,452 | -€89,968 | -€34,476 | ▲ 61.7% |
| Investment in fixed assets (approximation) | - | €0 | -€599 | - |
| Change in cash | - | €10,482 | €926 | ▼ 91.2% |
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
03-04
KBO administration
Late accounts filing
2024
26-07
KBO administration
Address struck
Rue du Pont 30 4180 L’adresse du siège Rue du Pont 30 4180 Die Sitzadresse Rue du Pont 30 4180 Hamoir
Hamoir werd doorgehaald met ingang van Hamoir · event 30-05-2024
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
13-07
KBO administration
Strikeout withdrawal
event 23-06-2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 266 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 632 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 996 days late
2020
29-02
Financial
Weakest financial yearnet -€90,887
Net result drops to -€90,887, the lowest in the series; recovery starts the following year.
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 164 days late
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 182 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 544 days late
2012
15-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 46 days late
2011
25-10
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 25 days late
2010
25-10
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hamoir · 2 establishment units since 1981
Ground area
2,476 m²
Building footprint
818 m²
Volume, LiDAR
1,775 m³
2 parcels, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
CRE@NET
since 19812.019.130.125
CRE@NET SPRL
since 20052.147.504.675
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61024A0150/00P000 | Wallonia | 1,622 m² | 1 · 171 m² | 12.8 m · 4 fl. |
| 82032E0192/00A003 | Wallonia | 854 m² | 1 · 646 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 2,341 companies in sector 47621 we hold annual accounts for 1,245. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-1981
Fiscal year end28-02
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
47110Non-specialised retail sale with food, beverages or tobacco predominating
47521Retail sale of hardware, building materials, paint and glass (general range)
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421623960
Also
9925:BE0421623960
Registered
25-08-2025
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.