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CRE'ON

Active
Private limited company (pre-2019)founded 200818 yrs activeKortenhoekstraat 9, 9308 Aalst, BelgiumKBO/BCE: BE 0899.114.180
Summary

CRE'ON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€109,403) and a net result of -€37,080. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 8982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
CRE'ONActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
General construction of other non-residential buildings
NACE 41003NACE 41203
1 site
Size
€852,765total assets 2025
Equity
-€109,403
Loss
-€37,080
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.9%
Structure
Accounts 31 d early0 of 3 deeds read
Why 53Capped at 59: negative equity- Negative equity -€109,403- Sector Construction of residential and non-residential buildings (NACE 41)+ Size: total assets €852,765+ Founded in 2008Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 10% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 12-4
equity -12.8% of total assets
Liquidity 1+1
short-term debt 102.6% · cash 1.0%
Profitability 18+5
return on assets -4.3%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,211 companies)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● 0.0% vs 11-2024 01-2025: 0.9%● 0.0% vs 12-2024 02-2025: 1.0%▲ +3.2% vs 01-2025 03-2025: 1.0%● 0.0% vs 02-2025 04-2025: 1.0%▲ +2.7% vs 03-2025 05-2025: 1.0%▼ -1.9% vs 04-2025 06-2025: 1.0%▲ +0.6% vs 05-2025 07-2025: 1.1%▲ +17.7% vs 06-2025 08-2025: 1.5%▲ +34.2% vs 07-2025 09-2025: 1.7%▲ +13.0% vs 08-2025 10-2025: 1.7%● 0.0% vs 09-2025 11-2025: 1.7%● 0.0% vs 10-2025 12-2025: 1.7%● 0.0% vs 11-2025 01-2026: 1.7%● 0.0% vs 12-2025 02-2026: 1.8%▲ +1.5% vs 01-2026highest value 03-2026: 1.8%● 0.0% vs 02-2026highest value 04-2026: 1.8%● 0.0% vs 03-2026highest value 05-2026: 1.6%▼ -6.6% vs 04-2026 06-2026: 1.6%▼ -3.3% vs 05-2026 07-2026: 0.9%▼ -43.7% vs 06-2026lowest value 08-2026: 0.9%● 0.0% vs 07-2026lowest value 09-2026: 0.9%● 0.0% vs 08-2026lowest value 10-2026: 0.9%● 0.0% vs 09-2026lowest value
  • Size: total assets €852,765 lowers the probability for this profile
  • Negative equity -€109,403 raises the probability
  • Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
  • Founded in 2008 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.47 against 0.45 in 2024; short-term debt: 102.6% and cash: 1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 8%, liquidity 3%, profitability 16%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €852,765
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€109,403
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 2008
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€109,403
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
on the day
2023
30 d late
2022
on the day
2021
22 d late
2020
26 d late
2019
28 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 11 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€109,403 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€37,080 View
  • Caution: Among the weakest 5% on net resultsector median €8,440 · 8,974 companies -€37,080 View

By topic

Financials

Fiscal year
2025
Total assets
€852,765
Loss
-€37,080
Solvency
-12.8%
Total assets▲ 5.8%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 31-07-2025Annual accounts filed
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General construction of other non-residential buildingsNACE 41003
Founded
08-07-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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