CREA PLUS
ActiveSummary
CREA PLUS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,516 and a net result of €3,975. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-2
Solvency80▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.29 in 2024; short-term debt: 40.5% and cash: 14.5% of total assets), and 44.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.4%
Return on assets
8.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
19 d early
2023
32 d early
2022
52 d early
2021
30 d early
2020
59 d early
2019
31 d early
← 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 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€26,516▲ 13.4%
2024 · €23,375
Total assets
€47,857▲ 19.8%
2024 · €39,935
Net result
€3,975▼ 1.7%
2024 · €4,042
Working capital
€23,119▲ 10.6%
2024 · €20,909
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,155▲ 70.2%€1,553▼ 83.0%€3,187▲ 105%€6,876▲ 116%€6,522▼ 5.1%
Net result€6,297within the sector's middle half▲ 66.1%€767below the sector's middle half▼ 87.8%€2,279within the sector's middle half▲ 197%€4,042within the sector's middle half▲ 77.4%€3,975within the sector's middle half▼ 1.7%
Equity€18,686below the sector's middle half▲ 50.8%€18,686below the sector's middle half=€20,165within the sector's middle half▲ 7.9%€23,375within the sector's middle half▲ 15.9%€26,516within the sector's middle half▲ 13.4%
Total assets€42,326below the sector's middle half▲ 46.6%€38,707below the sector's middle half▼ 8.6%€43,443below the sector's middle half▲ 12.2%€39,935below the sector's middle half▼ 8.1%€47,857below the sector's middle half▲ 19.8%
Debt€23,640▲ 43.4%€20,021▼ 15.3%€23,278▲ 16.3%€16,560▼ 28.9%€21,340▲ 28.9%
Working capital€26,764▲ 102%€29,717▲ 11.0%€30,113▲ 1.3%€20,909▼ 30.6%€23,119▲ 10.6%
Solvency44.1%within the sector's middle half▲ 1.2pp48.3%within the sector's middle half▲ 4.1pp46.4%within the sector's middle half▼ 1.9pp58.5%within the sector's middle half▲ 12.1pp55.4%within the sector's middle half▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,857
Fixed assets
€5,351 ▲ 87.6%
Current assets
€42,505 ▲ 14.6%
Equity and liabilities €47,857
Equity
€26,516 ▲ 13.4%
Debt
€21,340 ▲ 28.9%
Debt's share of the balance-sheet total rises from 41.5% to 44.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,242▼
2024 · €7,589
Cash flow
€4,694▼
2024 · €4,755
Current ratio
2.19▼
2024 · 2.29
Debt to equity
0.80▲
2024 · 0.71
ROE
15.0%▼
2024 · 17.3%
ROA
8.3%▼
2024 · 10.1%
Interest coverage
17.43▼
2024 · 25.42
Debt ≤ 1 year
€19,387▲
2024 · €16,173
Debt > 1 year
€1,554▲
2024 · €0
Income taxes
€2,138▼
2024 · €2,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,008 | €2,953 | €2,030 | €712 | €719 | ▲ 1.0% |
| Other operating charges640/8 | - | €703 | €688 | €1,251 | €953 | ▼ 23.9% |
| Gross operating margin9900 | €13,275 | €5,209 | €5,905 | €8,840 | €8,194 | ▼ 7.3% |
| Operating profit (loss)9901 | €9,155 | €1,553 | €3,187 | €6,876 | €6,522 | ▼ 5.1% |
| Financial income75/76B | - | €583 | €955 | €0 | €6 | - |
| Recurring financial income75 | €300 | €583 | €955 | €0 | €6 | - |
| Financial charges65/66B | - | €113 | €191 | €299 | €415 | ▲ 39.1% |
| Recurring financial charges65 | €565 | €113 | €191 | €299 | €415 | ▲ 39.1% |
| Profit (loss) for the period before taxes9903 | €8,890 | €2,022 | €3,951 | €6,578 | €6,113 | ▼ 7.1% |
| Income taxes67/77 | €2,593 | €1,256 | €1,672 | €2,535 | €2,138 | ▼ 15.7% |
| Profit (loss) for the period9904 | €6,297 | €767 | €2,279 | €4,042 | €3,975 | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €6,297 | €767 | €2,279 | €4,042 | €3,975 | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,326 | €38,707 | €43,443 | €39,935 | €47,857 | ▲ 19.8% |
| Fixed assets21/28 | €5,509 | €2,556 | €3,565 | €2,853 | €5,351 | ▲ 87.6% |
| Tangible fixed assets22/27 | €5,509 | €2,556 | €3,565 | €2,853 | €5,351 | ▲ 87.6% |
| Land and buildings22 | - | €1,045 | €941 | €836 | €732 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | - | €1,229 | €927 | €3,835 | ▲ 314% |
| Furniture and vehicles24 | - | €1,511 | €1,396 | €1,090 | €785 | ▼ 28.0% |
| Current assets29/58 | €36,816 | €36,150 | €39,878 | €37,082 | €42,505 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €33,822 | €22,762 | €39,135 | €34,599 | €34,511 | ▼ 0.3% |
| Trade receivables40 | - | €8,321 | €24,910 | €34,319 | €34,231 | ▼ 0.3% |
| Other amounts receivable41 | - | €14,441 | €14,225 | €280 | €280 | = |
| Cash at bank and in hand54/58 | €2,333 | €12,169 | €39 | €1,755 | €6,918 | ▲ 294% |
| Deferred charges and accrued income490/1 | - | €1,219 | €705 | €728 | €1,077 | ▲ 47.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,326 | €38,707 | €43,443 | €39,935 | €47,857 | ▲ 19.8% |
| Equity10/15 | €18,686 | €18,686 | €20,165 | €23,375 | €26,516 | ▲ 13.4% |
| Contributions10/11 | - | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Reserves13 | €4,686 | €4,686 | €6,165 | €9,375 | €12,516 | ▲ 33.5% |
| Non-distributable reserves130/1 | - | €1,714 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,714 | €0 | - | - | - |
| Distributable reserves133 | - | €2,972 | €6,165 | €9,375 | €12,516 | ▲ 33.5% |
| Profit (loss) carried forward14 | -€7,117 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €23,640 | €20,021 | €23,278 | €16,560 | €21,340 | ▲ 28.9% |
| Amounts payable after more than one year17 | €13,128 | €13,128 | €13,128 | €0 | €1,554 | - |
| Financial debts170/4 | - | - | - | - | €1,554 | - |
| Other amounts payable178/9 | - | €13,128 | €13,128 | €0 | - | - |
| Amounts payable within one year42/48 | €10,053 | €6,433 | €9,765 | €16,173 | €19,387 | ▲ 19.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1,503 | - |
| Trade debts44 | €3,307 | €882 | €4,557 | €1,894 | €6,935 | ▲ 266% |
| Suppliers440/4 | - | €882 | €4,557 | €1,894 | €6,935 | ▲ 266% |
| Taxes, remuneration and social security45 | - | €4,784 | €4,408 | €6,743 | €7,497 | ▲ 11.2% |
| Taxes450/3 | - | €4,784 | €4,408 | €6,743 | €7,497 | ▲ 11.2% |
| Other amounts payable47/48 | - | €767 | €800 | €7,535 | €3,452 | ▼ 54.2% |
| Accrued charges and deferred income492/3 | - | €460 | €384 | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,297 | €767 | €2,279 | €4,042 | €3,975 | ▼ 1.7% |
| + Depreciation and write-downs630 | €3,008 | €2,953 | €2,030 | €712 | €719 | ▲ 1.0% |
| Operating cash flow (approximation) | €9,305 | €3,720 | €4,309 | €4,755 | €4,694 | ▼ 1.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,038 | €0 | -€3,218 | - |
| Change in cash | - | €9,836 | -€12,131 | €1,716 | €5,163 | ▲ 201% |
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
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €6,297 ▲66.1%
Operating result €9,155, net result €6,297, both a record.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €62
Net result €62 after one loss-making year.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
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.
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Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2005
Ground area
1,769 m²
Building footprint
405 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
CREA PLUS
since 20052.150.548.002
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31433D0001/00G007 | Flanders | 911 m² | 1 · 264 m² | - |
| 31425C0241/00E000 | Flanders | 858 m² | 1 · 141 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 749 companies in sector 43332 we hold annual accounts for 411. 292 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2005
Fiscal year end30-09
Activities, NACEBEL 2025
43332Laying of wooden floor and wall coverings
43320Joinery installation
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877803577
Registered
20-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.