CREA - LINE
ActiveThe computed 12-month bankruptcy probability of CREA - LINE is 2.3% (moderate). The 2024 annual accounts show equity of €14k and a net result of €-3k. Equity is shrinking by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 36378 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-66
Solvency100=
Growth22▼-16
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 8.63 against 25.82 in 2023), and 3.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 2024Solvency, return and age of the figures
Solvency
96.6%
Return on assets
-20.5%
Age of the figures
27 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 228 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline16-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 03-12-2024, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
59 d early
2023
39 d early
2022
33 d early
2021
61 d early
2020
53 d early
2019
40 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€7k▼ 17.0%
2023 · €8k
2019: €98k
2020: €69k
2021: €31k
2022: €15k
2023: €8k
2019 → 2024
EBIT margin
-42.2%▼ 55.4pp
2023 · 13.1%
2019: 1.9%
2020: -9.1%
2021: -16.0%
2022: -38.9%
2023: 13.1%
2019 → 2024
Net result
€-3k
2023 · €830
2019: €117
2020: €-346
2021: €-9k
2022: €-6k
2023: €830
2019 → 2024
Working capital
€4k▼ 32.3%
2023 · €6k
2019: €2k
2020: €6k
2021: €7k
2022: €4k
2023: €6k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€69k-€31k▼ 55.1%€15k▼ 52.3%€8k▼ 44.3%€7k▼ 17.0%
Equity€31k-€23k▼ 27.4%€17k▼ 26.6%€17k▲ 5.0%€14k▼ 17.5%
Operating result€-6k-€-5k▲ 20.6%€-6k▼ 15.6%€1k€-3k
Net result€-346-€-9k▼ 2,370%€-6k▲ 29.3%€830€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €1k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15k
Fixed assets
€11k▼ 10.5%
Current assets
€4k▼ 26.3%
Equity and liabilities €15k
Equity
€14k▼ 17.5%
Debt
€500▲ 120%
The debt ratio rises from 1.3% to 3.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▼
2023 · €2k
Cash flow
€-2k▼
2023 · €2k
Solvency
96.6%▼
2023 · 98.7%
Current ratio
8.63▼
2023 · 25.82
Quick ratio
8.63▼
2023 · 25.82
Debt / equity
0.03▲
2023 · 0.01
ROE
-21.2%▼
2023 · 4.8%
ROA
-20.5%▼
2023 · 4.7%
Interest coverage
-11.03▼
2023 · 9.03
Debt
€500▲
2023 · €227
Debt ≤ 1 year
€500▲
2023 · €227
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€18k€15k▼
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Land and buildings22€10k€9k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€6k€4k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40-€2k
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€3k€428▼
Equity and liabilities
Total equity and liabilities10/49€18k€15k▼
Equity10/15€17k€14k▼
Contributions10/11€25k€25k=
Capital10€25k€25k=
Issued capital100€25k€25k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-10k€-13k▼
Amounts payable17/49€227€500▲
Amounts payable within one year42/48€227€500▲
Trade debts44€227€500▲
Suppliers440/4€227€500▲
Income statement
Code20232024
Turnover70€8k€7k▼
Goods, raw materials, services and sundry goods60/61€5k€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€4k€-253▼
Operating profit (loss)9901€1k€-3k▼
Financial charges65/66B€258€151▼
Recurring financial charges65€258€151▼
Profit (loss) for the period before taxes9903€830€-3k▼
Profit (loss) for the period9904€830€-3k▼
Profit (loss) for the period to be appropriated9905€830€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-13k▼
Profit (loss) brought forward from the previous period14P€-11k€-10k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €830
Net result €830 after 3 loss-making years.
30-06
Financial
Liquidity times 6current ratio 25.82
Current ratio from 4.22 to 25.82; short-term debt falls from €1k to €227.
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 5.51
Current ratio from 1.37 to 5.51; short-term debt falls from €16k to €2k.
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Schaarbeek · 2 establishment units since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Hoordestraat 411030 SchaarbeekGround area
859 m²
Building footprint
559 m²
Volume, LiDAR
2,697 m³
2 parcels, Brussels · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
CREA-LINE
since 19932.064.456.740
CREA-LINE
since 20262.383.090.159
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0143/00N004 | Brussels | 700 m² | 1 · 401 m² | 13.2 m · 1 fl. |
| 21906D0143/00B003 | Brussels | 158 m² | 1 · 158 m² | 13.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.383.090.159
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Of 4,202 companies in sector 10712 we hold annual accounts for 1,853. 1,095 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-1993
Fiscal year end30-06
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
43410Roofing work
45220
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36111
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.