Active BE 0474.640.794Private limited company

CREA CONSTRUCT

Industrieweg 13 ·3720 Hasselt, Belgium· 25 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

CREA CONSTRUCT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.72M and a net result of €316k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 46% of 343 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€1.72M
Net result	€316k
Staff (FTE)	31.6
Better than sector	46%

Financial profile 5 of 5 axes measured · computed by Checked

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 92

Solvency 67

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2001, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€140k

estimate, not credit advice

Score history

78 2022

90 2023

94 2024

81 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.48 (≥ 1.0) +5

Quick ratio Quick ratio 1.01 (≥ 1.0) +5

Leverage Debt/equity 1.76 (< 2.0) +3

Profitability ROE 18% (≥ 10%) +10

Interest coverage Interest coverage 15.8× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview25 NBB filings

Annual accounts filed on 01-06-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±2.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	36.3%	39.1%	better than 46% of 343 sector peers
Net result	€316k	€40k	better than 92% of 343 sector peers
Equity	€1.72M	€193k	better than 95% of 343 sector peers
Gross operating margin	€3.28M	€230k	better than 95% of 343 sector peers
Staff costs	€2.35M	€224k	higher than 95% of 221 sector peers

EBITDA

€519k

-50.5% 22-25

Net profit

€316k

-57.8% 22-25

Cash flow

€475k

-43.0% 22-25

Total assets

€4.73M

+22.4% 22-25

Equity

€1.72M

0.0% 22-25

Working capital

€1.30M

-5.2% 22-25

Employees (FTE)

32

+8.6% 22-25

Staff costs

€2.35M

+22.5% 22-25

Income taxes

€12k

-94.3% 22-25

Dividends

€0

-100.0% 22-25

Debt

€3.02M

+40.3% 22-25

Debt ≤ 1y

€2.70M

+28.7% 22-25

Debt > 1y

€314k

+517.7% 22-25

Current ratio

1.48

-10.4% 22-25

Quick ratio

1.01

-17.9% 22-25

Solvency

36.3%

-18.3% 22-25

Debt / equity

1.76

+40.3% 22-25

ROE

18.4%

-57.8% 22-25

ROA

6.7%

-65.5% 22-25

Interest coverage

15.80

-80.1% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€519k	€1.05M	€354k	€436k
Net profit	€316k	€748k	€198k	€249k
Cash flow	€475k	€834k	€277k	€343k
Staff costs	€2.35M	€1.92M	€1.79M	€1.73M
Income taxes	€12k	€205k	€77k	€89k
Dividends	€0	€280k	-	-
Total assets	€4.73M	€3.86M	€2.65M	€5.04M
Equity	€1.72M	€1.72M	€1.39M	€1.62M
Debt	€3.02M	€2.15M	€1.26M	€3.41M
of which ≤ 1y	€2.70M	€2.10M	€1.20M	€3.33M
of which > 1y	€314k	€51k	€61k	€81k
Working capital	€1.30M	€1.37M	€1.15M	€1.34M
Employees (FTE)	31.6	29.1	25.6	26.3

Ratios (computed)

	2025	2024	2023	2022
Current ratio	1.48	1.65	1.95	1.40
Quick ratio	1.01	1.23	1.36	1.11
Working capital ratio	27.4%	35.4%	43.2%	26.5%
Solvency	36.3%	44.4%	52.3%	32.2%
Debt / equity	1.76	1.25	0.91	2.10
Long-term debt ratio	0.18	0.03	0.04	0.05
Interest coverage	15.80	79.47	155.26	81.18
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	6.7%	19.4%	7.5%	4.9%
ROE	18.4%	43.6%	14.3%	15.3%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €732k · 15.5% Current assets €4.00M · 84.5%

Equity & liabilities

Equity €1.72M · 36.3% Debt €3.02M · 63.8%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.73M	€3.86M	€2.65M	€5.04M
Fixed assets	21/28	€732k	€396k	€304k	€373k
Tangible fixed assets	22/27	€732k	€389k	€297k	€365k
Financial fixed assets	28	€120	€7k	€7k	€7k
Current assets	29/58	€4.00M	€3.47M	€2.35M	€4.66M
Stocks & contracts in progress	3	€1.27M	€888k	€713k	€958k
Amounts receivable within one year	40/41	€1.74M	€1.58M	€1.10M	€2.19M
Cash & bank	54/58	€922k	€982k	€524k	€1.51M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.73M	€3.86M	€2.65M	€5.04M
Equity	10/15	€1.72M	€1.72M	€1.39M	€1.62M
Contributions / capital	10/11	€19k	€19k	€19k	€452k
Reserves	13	€1.70M	€1.70M	€758k	€763k
Accumulated profits (losses)	14	€0	€0	€610k	€408k
Provisions & deferred taxes	16	€41	€82	€2k	€4k
Amounts payable	17/49	€3.02M	€2.15M	€1.26M	€3.41M
Amounts payable after one year	17	€314k	€51k	€61k	€81k
Amounts payable within one year	42/48	€2.70M	€2.10M	€1.20M	€3.33M
Trade debts payable within one year	44	€998k	€1.11M	€834k	€3.13M
Income statement
Gross operating margin	9900	€3.28M	€2.98M	€2.15M	€2.18M
Operating result	9901	€359k	€962k	€275k	€341k
Financial income	75	€825	€2k	€75	€1k
Financial charges	65	€33k	€13k	€2k	€5k
Result before taxes	9903	€327k	€951k	€273k	€337k
Income taxes	67/77	€12k	€205k	€77k	€89k
Net result for the period	9904	€316k	€748k	€198k	€249k
Result to be appropriated	9905	€316k	€754k	€202k	€249k

Directors & mandates 1 directors

Current directors & mandates

CCK MANAGEMENT
Director
State Gazette act 23328916 (31-03-2023)

Current
31-03-2023 → present

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company(610)
Incorporation	20-04-2001
Status	Active
Postal code	3720

Establishment units 1 location

Industrieweg 13, 3720 Hasselt

Raising of dairy cattle

since 20012.093.224.267

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73040B0286/00G000	Flanders	3,625 m²	1 · 2,604 m²	7.6 m

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

11-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2022net €748k ▲278%

Operating result €962k, net result €748k, both a record.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €198k ▼20.5%

Net result drops to €198k, the lowest in the series; recovery starts the following year.

12-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

31-03

State Gazette act Director changes

Michaël VAN der LINDEN

2022

27-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

21-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 21 days late

2019

09-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

11-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 11 acts read

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

31-03-2023 CCK MANAGEMENT appointed as director Director changes·Michaël VAN der LINDEN

CCK MANAGEMENT, Bestuurder

Notary: Michaël VAN der LINDEN · Hasselt

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General electrical installation work43211Plumbing work4322145310

Names & trade names

Legal nameNL

CREA CONSTRUCT

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