Crea S
ActiveCrea S has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €-8k. Equity is shrinking by ~18.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 51% of 2295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency54▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.07 against 2.23 in 2024; short-term debt: 32.5% and cash: 52.7% of total assets), but 71% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29%
Return on assets
-15%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
22 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
105 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 34.2%
2024 · €23k
2018: €67k
2019: €52k
2020: €52k
2021: €45k
2022: €35k
2023: €29k
2024: €23k
2018 → 2025
Total assets
€52k▼ 12.5%
2024 · €59k
2018: €71k
2019: €94k
2020: €94k
2021: €86k
2022: €74k
2023: €66k
2024: €59k
2018 → 2025
Net result
€-8k▼ 21.3%
2024 · €-6k
2018: €12k
2019: €-16k
2020: €832
2021: €-7k
2022: €-11k
2023: €-6k
2024: €-6k
2018 → 2025
Working capital
€18k▼ 10.8%
2024 · €20k
2018: €67k
2019: €21k
2020: €28k
2021: €26k
2022: €21k
2023: €22k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€35k▼ 23.5%€29k▼ 16.0%€23k▼ 22.0%€15k▼ 34.2%
Operating result€-6k-€-10k▼ 57.6%€-5k▲ 47.9%€-6k▼ 16.9%€-7k▼ 18.3%
Net result€-7k-€-11k▼ 52.7%€-6k▲ 47.9%€-6k▼ 15.4%€-8k▼ 21.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €6k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52k
Fixed assets
€17k▼ 24.7%
Current assets
€35k▼ 4.9%
Equity and liabilities €52k
Equity
€15k▼ 34.2%
Debt
€37k▲ 1.1%
The debt ratio rises from 61.5% to 71.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €-571
Cash flow
€-2k▼
2024 · €-814
Solvency
29.0%▼
2024 · 38.5%
Current ratio
2.07▼
2024 · 2.23
Quick ratio
1.69▼
2024 · 1.81
Debt / equity
2.45▲
2024 · 1.60
ROE
-51.9%▼
2024 · -28.2%
ROA
-15.0%▼
2024 · -10.8%
Interest coverage
-3.01▼
2024 · -1.17
Debt
€37k▲
2024 · €36k
Debt ≤ 1 year
€17k▲
2024 · €16k
Debt > 1 year
€20k=
2024 · €20k
Income taxes
€37▼
2024 · €263
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€59k€52k▼
Fixed assets21/28€23k€17k▼
Tangible fixed assets22/27€23k€17k▼
Plant, machinery and equipment23€1k€881▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€20k€15k▼
Financial fixed assets28€95€95=
Current assets29/58€37k€35k▼
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41-€1k
Trade receivables40-€1k
Cash at bank and in hand54/58€29k€27k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€59k€52k▼
Equity10/15€23k€15k▼
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-9k€-17k▼
Amounts payable17/49€36k€37k▲
Amounts payable after more than one year17€20k€20k=
Financial debts170/4€20k€20k=
Amounts payable within one year42/48€16k€17k▲
Trade debts44€722€1k▲
Suppliers440/4€722€1k▲
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€1k€1k▲
Other amounts payable47/48€15k€15k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€515€520▲
Gross operating margin9900€-56€-1k▼
Operating profit (loss)9901€-6k€-7k▼
Financial income75/76B€510€125▼
Recurring financial income75€510€125▼
Financial charges65/66B€489€566▲
Recurring financial charges65€489€566▲
Profit (loss) for the period before taxes9903€-6k€-8k▼
Income taxes67/77€263€37▼
Profit (loss) for the period9904€-6k€-8k▼
Profit (loss) for the period to be appropriated9905€-6k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-17k▼
Profit (loss) brought forward from the previous period14P€-3k€-9k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €832
Net result €832 after one loss-making year.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 105 days late
2019
31-12
Financial
Weakest financial yearnet €-16k ▼233%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Balen · 1 establishment unit since 2001
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.
Olmense Markt 22491 BalenGround area
1,726 m²
Building footprint
557 m²
Volume, LiDAR
3,673 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREA S
since 20012.097.805.340
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13030A0408/00X002 | Flanders | 990 m² | 1 · 310 m² | 11.1 m · 2 fl. |
| 13030A0395/00T000 | Flanders | 735 m² | 1 · 247 m² | 9.8 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.
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ROYALTY D.C.
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MDS - JEUX D'ENFANTS
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FLOWING WAKEFULNESS
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Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 753 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-02-2000
Fiscal year end31-12
Activities, NACEBEL
71408
93299Other amusement and recreation activities
68201Renting and operating of own or leased residential real estate, excluding social housing
77226Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.