CREA
ActiveSummary
CREA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €359,752 and a net result of €28,544. Equity is growing by ~3.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 6 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 20,129 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €2,016 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,843 | €16,593 | €17,175 | €14,152 | €12,367 | ▼ 12.6% |
| Other operating charges640/8 | - | €8,953 | €9,161 | €10,040 | €10,439 | ▲ 4.0% |
| Gross operating margin9900 | €41,126 | €45,941 | €41,647 | €71,932 | €72,510 | ▲ 0.8% |
| Operating profit (loss)9901 | €16,503 | €20,395 | €15,312 | €47,740 | €47,688 | ▼ 0.1% |
| Financial income75/76B | - | - | - | - | €134 | - |
| Recurring financial income75 | €0 | - | - | - | €134 | - |
| Financial charges65/66B | - | €5,576 | €4,972 | €6,081 | €5,679 | ▼ 6.6% |
| Recurring financial charges65 | €5,912 | €5,576 | €4,972 | €6,081 | €5,679 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €10,591 | €14,819 | €10,340 | €41,659 | €42,144 | ▲ 1.2% |
| Income taxes67/77 | €600 | €3,250 | €2,443 | €13,358 | €13,599 | ▲ 1.8% |
| Profit (loss) for the period9904 | €9,991 | €11,569 | €7,897 | €28,301 | €28,544 | ▲ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €9,991 | €11,569 | €7,897 | €28,301 | €28,544 | ▲ 0.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €498,712 | €484,628 | €474,538 | €469,721 | €450,724 | ▼ 4.0% |
| Fixed assets21/28 | €481,573 | €469,029 | €457,537 | €444,381 | €433,009 | ▼ 2.6% |
| Tangible fixed assets22/27 | €481,573 | €469,029 | €457,537 | €444,381 | €433,009 | ▼ 2.6% |
| Land and buildings22 | - | €462,901 | €451,041 | €437,956 | €426,945 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €5,000 | €4,330 | €3,660 | €2,990 | ▼ 18.3% |
| Furniture and vehicles24 | - | €1,129 | €2,166 | €2,765 | €3,074 | ▲ 11.2% |
| Current assets29/58 | €17,139 | €15,599 | €17,002 | €25,341 | €17,715 | ▼ 30.1% |
| Amounts receivable within one year40/41 | €1,500 | €950 | €2,806 | €2,858 | €3,947 | ▲ 38.1% |
| Trade receivables40 | - | - | €1,490 | €1,316 | €1,542 | ▲ 17.2% |
| Other amounts receivable41 | - | €950 | €1,316 | €1,542 | €2,405 | ▲ 55.9% |
| Cash at bank and in hand54/58 | €11,550 | €12,406 | €14,195 | €22,482 | €13,768 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | €2,244 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €498,712 | €484,628 | €474,538 | €469,721 | €450,724 | ▼ 4.0% |
| Equity10/15 | €300,931 | €312,500 | €320,396 | €348,698 | €359,752 | ▲ 3.2% |
| Contributions10/11 | €235,499 | €235,499 | €235,499 | €235,499 | €235,499 | = |
| Capital10 | - | €235,499 | €235,499 | €235,499 | €235,499 | = |
| Issued capital100 | - | €235,499 | €235,499 | €235,499 | €235,499 | = |
| Reserves13 | €47,356 | €56,156 | €63,656 | €92,556 | €103,566 | ▲ 11.9% |
| Non-distributable reserves130/1 | - | €8,150 | €8,650 | €9,550 | €11,150 | ▲ 16.8% |
| Legal reserve130 | - | €8,150 | €8,650 | €9,550 | €11,150 | ▲ 16.8% |
| Distributable reserves133 | - | €48,007 | €55,007 | €83,007 | €92,417 | ▲ 11.3% |
| Profit (loss) carried forward14 | €18,076 | €20,844 | €21,241 | €20,642 | €20,686 | ▲ 0.2% |
| Amounts payable17/49 | €197,781 | €172,128 | €154,142 | €121,024 | €90,973 | ▼ 24.8% |
| Amounts payable after more than one year17 | €41,922 | €33,899 | €25,768 | €17,528 | €9,176 | ▼ 47.7% |
| Financial debts170/4 | - | €33,899 | €25,768 | €17,528 | €9,176 | ▼ 47.7% |
| Amounts payable within one year42/48 | €150,728 | €132,379 | €122,812 | €96,676 | €74,054 | ▼ 23.4% |
| Current portion of amounts payable after more than one year42 | - | €8,022 | €8,131 | €8,241 | €8,352 | ▲ 1.4% |
| Trade debts44 | - | €1,556 | - | €699 | €118 | ▼ 83.2% |
| Suppliers440/4 | - | €1,556 | - | €699 | €118 | ▼ 83.2% |
| Taxes, remuneration and social security45 | - | €6,000 | €6,200 | - | €3,225 | - |
| Taxes450/3 | - | €6,000 | €4,050 | - | €1,925 | - |
| Remuneration and social security454/9 | - | - | €2,150 | - | €1,300 | - |
| Other amounts payable47/48 | - | €116,800 | €108,481 | €87,736 | €62,359 | ▼ 28.9% |
| Accrued charges and deferred income492/3 | - | €5,850 | €5,562 | €6,820 | €7,743 | ▲ 13.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,991 | €11,569 | €7,897 | €28,301 | €28,544 | ▲ 0.9% |
| + Depreciation and write-downs630 | €14,843 | €16,593 | €17,175 | €14,152 | €12,367 | ▼ 12.6% |
| Operating cash flow (approximation) | €24,835 | €28,161 | €25,072 | €42,454 | €40,911 | ▼ 3.6% |
| Investment in fixed assets (approximation) | - | -€4,048 | -€5,684 | -€996 | -€995 | ▲ 0.1% |
| Change in cash | - | €856 | €1,789 | €8,287 | -€8,714 | ▼ 205% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12033C0376/00C000 | Flanders | 5,702 m² | 1 · 347 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.