CREA MODE
ActiveSummary
CREA MODE has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11 and a net result of €117,669. Equity has been shrinking by about 18% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 20% of 13,716 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-02-2015 Normal situation
- Activity
- Wholesale trade NACE 46425and 5 others
- Establishment units
- 2.240.250.335 1030 Schaarbeek, since 01-03-2015
- 2.369.034.067 1080 Sint-Jans-Molenbeek, since 01-02-2025and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €258,960
- ▲ 554%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €117,669
- ▲ 16×
- Equity
- €11
- =
- Total assets
- €253,708
- ▲ 54.1%
- Employees on 31-12-2025
- 12
- 2025 accounts filed 29 days after the deadline
Score breakdownraises riskLast filed accounts filed 29 days late; 1 of the last 3 accounts lateEquity €11 (0.0% of total assets)lowers riskSize: total assets €253,708Founded in 2015Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 16% of them on solvency, 51% on liquidity, 95% on profitability and 40% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00496713.
Annual accounts 2025 filed on 29-08-2026 at the NBB all 11 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is nearly 18 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | - | 12 |
| full-time | 1 | - | - | - | - |
| part-time | 3 | 4 | 4 | - | 12 |
| in full-time equivalents | 2.1 | 1.5 | 1.6 | - | 5.3 |
| Average over the year, in full-time equivalents | 1.7 | 1.2 | 1.3 | 1.7 | 4.6 |
| On a permanent contract | 4 | - | 4 | - | - |
| Joined | 8 | 5 | 8 | 17 | 24 |
| Left | 6 | 4 | 8 | 21 | 12 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €7,279 | - | €1 |
| Depreciation and write-downs of the year | €2,198 | €1,684 | €2,452 | €3,504 | €1,831 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as CREA MODE: wholesale trade (NACE 46425). They are comparable in size and age: total assets between €186,000 and €816,000, founded between 2006 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| CREA MODE Schaarbeek | 2015 | €253,708 | €11 | €258,960 | €117,669 | - | 2025 |
| ECCO (Belgium) Grimbergen | 2015 | €355,717 | €155,304 | €156,553 | €51,735 | 1 | 2025 |
| CEKI Anzegem | 2015 | €203,349 | €127,229 | €65,476 | €229 | - | 2025 |
| Solemate Kruisem | 2015 | €186,380 | €116,494 | €63,031 | €12,925 | - | 2025 |
| LOLO Sint-Martens-Latem | 2006 | €208,483 | €136,435 | €114,637 | €70,535 | - | 2024 |
| R.M.D. Trade Maarkedal | 2010 | €600,326 | €220,732 | €117,588 | €68,539 | - | 2025 |
| Van Aken-Teblick Turnhout | 2016 | €815,702 | €284,971 | €400,775 | €266,371 | - | 2025 |
They were chosen from the 128 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 536 companies had the same profile as CREA MODE has now. Two years later, 0.7% had gone bankrupt and 95.9% were still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CREA MODE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for CREA MODE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €244,622 | - | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €16,539 | €15,039 | €17,985 | €26,310 | €92,098 | ▲ 250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,563 | €3,611 | €2,198 | €2,198 | €1,684 | €2,452 | €3,504 | €1,831 | ▼ 47.7% |
| Other operating charges640/8 | - | - | - | €496 | €1,520 | €4,167 | €536 | €606 | ▲ 13.1% |
| Gross operating margin9900 | €25,053 | €38,554 | €17,723 | €20,948 | €23,844 | €29,518 | €39,601 | €258,960 | ▲ 554% |
| Operating profit (loss)9901 | -€6,679 | -€9,803 | -€2,105 | €1,715 | €5,601 | €4,914 | €9,251 | €164,425 | ▲ 18× |
| Financial income75/76B | - | - | - | - | - | €85 | - | €197 | - |
| Recurring financial income75 | €4,623 | €15 | - | - | - | €85 | - | €197 | - |
| Financial charges65/66B | - | - | - | €1,196 | €1,606 | €1,557 | €2,030 | €5,019 | ▲ 147% |
| Recurring financial charges65 | €24 | €1,833 | €1,681 | €1,196 | €1,606 | €1,557 | €2,030 | €5,019 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | -€2,080 | -€11,621 | -€3,786 | €519 | €3,995 | €3,442 | €7,221 | €159,603 | ▲ 22× |
| Income taxes67/77 | - | €14,032 | - | - | - | - | - | €41,934 | - |
| Profit (loss) for the period9904 | -€2,080 | -€25,653 | -€3,786 | €519 | €3,995 | €3,442 | €7,221 | €117,669 | ▲ 16× |
| Profit (loss) for the period to be appropriated9905 | -€2,080 | -€25,653 | -€3,786 | €519 | €3,995 | €3,442 | €7,221 | €117,669 | ▲ 16× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €100,671 | €86,878 | €94,360 | €93,898 | €125,510 | €150,953 | €164,619 | €253,708 | ▲ 54.1% |
| Fixed assets21/28 | €29,735 | €25,980 | €23,782 | €21,585 | €19,901 | €24,728 | €21,224 | €19,394 | ▼ 8.6% |
| Tangible fixed assets22/27 | €13,210 | €9,480 | €7,282 | €5,085 | €3,401 | €8,228 | €4,724 | €2,894 | ▼ 38.7% |
| Plant, machinery and equipment23 | - | - | - | €180 | €131 | €82 | €32 | €22 | ▼ 31.3% |
| Furniture and vehicles24 | - | - | - | - | - | €6,511 | €4,692 | €2,872 | ▼ 38.8% |
| Other tangible fixed assets26 | - | - | - | €4,905 | €3,270 | €1,635 | - | - | - |
| Financial fixed assets28 | €16,526 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Current assets29/58 | €70,935 | €60,898 | €70,578 | €72,313 | €105,609 | €126,225 | €143,395 | €234,314 | ▲ 63.4% |
| Stocks and contracts in progress3 | €15,126 | €10,284 | €24,220 | €24,350 | €43,360 | €57,680 | €37,240 | €65,390 | ▲ 75.6% |
| Stocks30/36 | - | - | - | €24,350 | €43,360 | €57,680 | €37,240 | €65,390 | ▲ 75.6% |
| Amounts receivable within one year40/41 | €33,600 | €38,714 | €35,171 | €35,973 | €41,440 | €37,226 | €2,379 | €6,091 | ▲ 156% |
| Trade receivables40 | - | - | - | - | €1,464 | €2,822 | - | €3,303 | - |
| Other amounts receivable41 | - | - | - | €35,973 | €39,976 | €34,404 | €2,379 | €2,788 | ▲ 17.2% |
| Cash at bank and in hand54/58 | €22,209 | €11,900 | €11,187 | €11,861 | €19,440 | €31,132 | €102,905 | €162,833 | ▲ 58.2% |
| Deferred charges and accrued income490/1 | - | - | - | €129 | €1,369 | €187 | €871 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €100,671 | €86,878 | €94,360 | €93,898 | €125,510 | €150,953 | €164,619 | €253,708 | ▲ 54.1% |
| Equity10/15 | €69,179 | €43,526 | €39,740 | €40,259 | €44,254 | €47,696 | €11 | €11 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €11 | €11 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €48,719 | €23,066 | €19,280 | €19,799 | €23,794 | €27,236 | - | - | - |
| Amounts payable17/49 | €31,492 | €43,352 | €54,620 | €53,639 | €81,256 | €103,257 | €164,608 | €253,697 | ▲ 54.1% |
| Amounts payable within one year42/48 | €31,492 | €43,352 | €38,620 | €37,639 | €37,256 | €31,257 | €92,608 | €253,697 | ▲ 174% |
| Trade debts44 | €19,862 | €17,608 | €15,860 | €14,898 | €20,132 | €17,598 | €2,024 | €590 | ▼ 70.8% |
| Suppliers440/4 | - | - | - | €14,898 | €20,132 | €17,598 | €2,024 | €590 | ▼ 70.8% |
| Taxes, remuneration and social security45 | - | - | - | €14,541 | €16,924 | €13,659 | €26,126 | €103,630 | ▲ 297% |
| Taxes450/3 | - | - | - | €6,746 | €8,702 | €11,550 | €23,414 | €88,304 | ▲ 277% |
| Remuneration and social security454/9 | - | - | - | €7,795 | €8,222 | €2,109 | €2,712 | €15,326 | ▲ 465% |
| Other amounts payable47/48 | - | - | - | €8,200 | €200 | - | €64,458 | €149,477 | ▲ 132% |
| Accrued charges and deferred income492/3 | - | - | - | €16,000 | €44,000 | €72,000 | €72,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,080 | -€25,653 | -€3,786 | €519 | €3,995 | €3,442 | €7,221 | €117,669 | ▲ 16× |
| + Depreciation and write-downs630 | €3,563 | €3,611 | €2,198 | €2,198 | €1,684 | €2,452 | €3,504 | €1,831 | ▼ 47.7% |
| Operating cash flow (approximation) | €1,483 | -€22,042 | -€1,588 | €2,717 | €5,679 | €5,894 | €10,725 | €119,500 | ▲ 11× |
| Investment in fixed assets (approximation) | - | €144 | €0 | -€1 | €0 | -€7,279 | €0 | -€1 | - |
| Change in cash | - | -€10,309 | -€713 | €674 | €7,579 | €11,692 | €71,773 | €59,928 | ▼ 16.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00496713 | NBB |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00520347 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00425913 | |
| 31-12-2022 | micro format | 02-07-2023 | 2023-00198409 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20447884 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-36600401 | |
| 31-12-2019 | micro format | 27-09-2020 | 2020-56400347 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32900097 | |
| 31-12-2017 | full format | 29-11-2018 | 2018-73500097 | |
| 31-12-2016 | full format | 01-03-2018 | 2018-06300491 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-12-2023 Converted to unavailable equity · €20,460
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, toutes cessions entre vifs à titre onéreux ou gratuit volontaires ou…”
Articles of association, deed of 01-12-2023 (in French)
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
01-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion · Capital conversion · Kind of shares9 points ▸
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “en dérogation à ce qui précède, limitation du compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Other provision, “rapport au sens de l’article 5:101 du Code des sociétés et des associations, suppression de l’adjectif social ou sociale pour utiliser la terminologie du Code d…” (deed in French)
- Kind of shares, 100, “Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)
- Director in office, LAASEL Farid (director)
- Power of attorney
- Power of attorney, tous collaborateurs de l’étude « VAN HALTEREN notaires associés »
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21522B0623/00L000 | Brussels | 2,442 m² | 1 · 406 m² | 19.8 m · 2 |
| 21908E0013/00E019 | Brussels | 460 m² | 1 · 233 m² | 18.7 m · 3 |
| 21522B0153/00P000 | Brussels | 247 m² | 1 · 247 m² | 16.6 m · 4 |