CREABEL
ActiveSummary
CREABEL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,432 and a net result of €18,370. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 47% of 4579 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+17
Solvency63▲+17
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.8 in 2024; short-term debt: 46.4% and cash: 26.4% of total assets), and 61.9% of the assets are financed with debt.
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Signals
Five 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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
38.1%
Return on assets
12.2%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
41 d early
2023
33 d early
2022
10 d early
2021
25 d late
2020
10 d late
2019
10 d late
← 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2021 · €0
Total assets
€150,918▼ 19.4%
2024 · €187,271
Net result
€18,370
2024 · -€3,020
Working capital
-€12,136▲ 47.1%
2024 · -€22,949
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Turnover€0€0
Operating result-€5,805€15,362-€3,120-€759▲ 75.7%€32,046
Net result-€7,043below the sector's middle half€8,321within the sector's middle half-€1,907below the sector's middle half-€3,020below the sector's middle half▼ 58.4%€18,370within the sector's middle half
Equity€35,668within the sector's middle half▼ 16.5%€43,990within the sector's middle half▲ 23.3%€42,083within the sector's middle half▼ 4.3%€39,062within the sector's middle half▼ 7.2%€57,432within the sector's middle half▲ 47.0%
Total assets€78,197within the sector's middle half▼ 4.1%€139,001within the sector's middle half▲ 77.8%€150,776within the sector's middle half▲ 8.5%€187,271within the sector's middle half▲ 24.2%€150,918within the sector's middle half▼ 19.4%
Debt€42,529▲ 9.5%€95,011▲ 123%€108,694▲ 14.4%€148,209▲ 36.4%€92,659▼ 37.5%
Working capital€3,539within the sector's middle half▲ 79.8%-€9,287below the sector's middle half-€6,682below the sector's middle half▲ 28.1%-€22,949below the sector's middle half▼ 243%-€12,136below the sector's middle half▲ 47.1%
Solvency45.6%within the sector's middle half▼ 6.8pp31.6%within the sector's middle half▼ 14.0pp27.9%within the sector's middle half▼ 3.7pp20.9%within the sector's middle half▼ 7.1pp38.1%within the sector's middle half▲ 17.2pp
Current ratio1.10within the sector's middle half▲ 0.030.88below the sector's middle half▼ 0.220.92within the sector's middle half▲ 0.040.80below the sector's middle half▼ 0.120.83below the sector's middle half▲ 0.02
Return on assets (ROA)-9.0%below the sector's middle half▼ 23.1pp6.0%within the sector's middle half▲ 15.0pp-1.3%below the sector's middle half▼ 7.3pp-1.6%below the sector's middle half▼ 0.3pp12.2%within the sector's middle half▲ 13.8pp
Staff (FTE)2.52.3▼ 8.0%2.8▲ 21.7%3▲ 7.1%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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 returns to profit in 2025: €32,046 after a loss of €759 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,918
Fixed assets
€93,013 ▼ 0.6%
Current assets
€57,905 ▼ 38.2%
Equity and liabilities €150,918
Equity
€57,432 ▲ 47.0%
Provisions
€826
Debt
€92,659 ▼ 37.5%
Debt's share of the balance-sheet total falls from 79.1% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,756▲
2024 · €28,296
Cash flow
€53,080▲
2024 · €26,035
Debt to equity
1.61▼
2024 · 3.79
ROE
32.0%▲
2024 · -7.7%
Interest coverage
13.49▲
2024 · 9.96
Debt ≤ 1 year
€70,040▼
2024 · €116,617
Debt > 1 year
€22,241▼
2024 · €31,584
Income taxes
€8,327▲
2024 · -€343
Staff costs
€133,791▲
2024 · €120,107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 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 bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €63,459 | €91,393 | €120,107 | €133,791 | ▲ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,638 | €23,759 | €27,350 | €29,055 | €34,711 | ▲ 19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0 | - |
| Other operating charges640/8 | €899 | €1,294 | €1,318 | €1,331 | €1,339 | ▲ 0.6% |
| Non-recurring operating charges66A | - | - | €1,742 | - | - | - |
| Gross operating margin9900 | €11,732 | €103,874 | €118,683 | €149,734 | €201,886 | ▲ 34.8% |
| Operating profit (loss)9901 | -€5,805 | €15,362 | -€3,120 | -€759 | €32,046 | ▲ 4,321% |
| Financial income75/76B | €15 | €63 | €100 | €236 | €425 | ▲ 79.8% |
| Recurring financial income75 | €15 | €63 | €100 | €236 | €425 | ▲ 79.8% |
| Financial charges65/66B | €590 | €1,129 | €1,541 | €2,840 | €4,947 | ▲ 74.2% |
| Recurring financial charges65 | €590 | €1,129 | €1,541 | €2,840 | €4,947 | ▲ 74.2% |
| Profit (loss) for the period before taxes9903 | -€6,380 | €14,296 | -€4,561 | -€3,363 | €27,523 | ▲ 918% |
| Transfer from deferred taxes780 | - | - | - | - | €0 | - |
| Transfer to deferred taxes680 | - | - | - | - | €826 | - |
| Income taxes67/77 | €663 | €5,974 | -€2,654 | -€343 | €8,327 | ▲ 2,526% |
| Profit (loss) for the period9904 | -€7,043 | €8,321 | -€1,907 | -€3,020 | €18,370 | ▲ 708% |
| Transfer from tax-exempt reserves789 | €5,500 | - | - | - | €0 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €3,306 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,543 | €8,321 | -€1,907 | -€3,020 | €15,064 | ▲ 599% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,197 | €139,001 | €150,776 | €187,271 | €150,918 | ▼ 19.4% |
| Fixed assets21/28 | €40,266 | €69,139 | €75,227 | €93,603 | €93,013 | ▼ 0.6% |
| Intangible fixed assets21 | - | - | €813 | €616 | €419 | ▼ 32.0% |
| Tangible fixed assets22/27 | €40,266 | €68,964 | €74,239 | €92,813 | €92,419 | ▼ 0.4% |
| Land and buildings22 | €9,966 | €8,818 | €7,669 | €6,520 | €5,372 | ▼ 17.6% |
| Plant, machinery and equipment23 | €3,929 | €16,226 | €45,010 | €36,567 | €34,553 | ▼ 5.5% |
| Furniture and vehicles24 | €26,371 | €43,920 | €21,560 | €49,726 | €52,495 | ▲ 5.6% |
| Other tangible fixed assets26 | €0 | €0 | €0 | - | €0 | - |
| Financial fixed assets28 | - | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €37,931 | €69,862 | €75,549 | €93,668 | €57,905 | ▼ 38.2% |
| Amounts receivable within one year40/41 | €19,412 | €22,942 | €26,497 | €38,272 | €14,203 | ▼ 62.9% |
| Trade receivables40 | €15,413 | €17,943 | €22,042 | €27,642 | €5,731 | ▼ 79.3% |
| Other amounts receivable41 | €3,998 | €4,999 | €4,456 | €10,630 | €8,471 | ▼ 20.3% |
| Cash at bank and in hand54/58 | €17,304 | €43,379 | €47,134 | €53,588 | €39,912 | ▼ 25.5% |
| Deferred charges and accrued income490/1 | €1,216 | €3,541 | €1,918 | €1,808 | €3,790 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,197 | €139,001 | €150,776 | €187,271 | €150,918 | ▼ 19.4% |
| Equity10/15 | €35,668 | €43,990 | €42,083 | €39,062 | €57,432 | ▲ 47.0% |
| Contributions10/11 | €6,321 | €6,321 | €6,321 | €6,321 | €6,321 | = |
| Reserves13 | €13,320 | €21,641 | €21,641 | €21,641 | €40,011 | ▲ 84.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | €3,306 | - |
| Distributable reserves133 | €11,461 | €19,782 | €21,641 | €21,641 | €36,705 | ▲ 69.6% |
| Profit (loss) carried forward14 | €16,027 | €16,027 | €14,120 | €11,100 | €11,100 | = |
| Provisions and deferred taxes16 | - | - | - | - | €826 | - |
| Deferred taxes168 | - | - | - | - | €826 | - |
| Amounts payable17/49 | €42,529 | €95,011 | €108,694 | €148,209 | €92,659 | ▼ 37.5% |
| Amounts payable after more than one year17 | €8,130 | €15,862 | €26,463 | €31,584 | €22,241 | ▼ 29.6% |
| Financial debts170/4 | €8,130 | €15,862 | €26,463 | €31,584 | €22,241 | ▼ 29.6% |
| Amounts payable within one year42/48 | €34,392 | €79,149 | €82,231 | €116,617 | €70,040 | ▼ 39.9% |
| Current portion of amounts payable after more than one year42 | €5,325 | €11,505 | €19,021 | €22,335 | €23,338 | ▲ 4.5% |
| Trade debts44 | €10,461 | €12,929 | €5,594 | €32,100 | €11,718 | ▼ 63.5% |
| Suppliers440/4 | €10,461 | €12,929 | €5,594 | €32,100 | €11,718 | ▼ 63.5% |
| Taxes, remuneration and social security45 | €2,951 | €4,813 | €6,605 | €13,823 | €16,826 | ▲ 21.7% |
| Taxes450/3 | €2,951 | €203 | €98 | €0 | €7,167 | - |
| Remuneration and social security454/9 | €0 | €4,610 | €6,507 | €13,823 | €9,659 | ▼ 30.1% |
| Other amounts payable47/48 | €15,655 | €49,902 | €51,011 | €48,359 | €18,158 | ▼ 62.5% |
| Accrued charges and deferred income492/3 | €7 | €0 | - | €8 | €378 | ▲ 4,521% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,043 | €8,321 | -€1,907 | -€3,020 | €18,370 | ▲ 708% |
| + Depreciation and write-downs630 | €16,638 | €23,759 | €27,350 | €29,055 | €34,711 | ▲ 19.5% |
| Operating cash flow (approximation) | €9,594 | €32,080 | €25,443 | €26,035 | €53,080 | ▲ 104% |
| Investment in fixed assets (approximation) | - | -€52,631 | -€33,438 | -€47,432 | -€34,120 | ▲ 28.1% |
| Change in cash | - | €26,075 | €3,755 | €6,454 | -€13,676 | ▼ 312% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €18,370
Net result €18,370 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8,321
Net result €8,321 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€7,043
Net result drops to -€7,043, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Chaudfontaine · 1 establishment unit since 1997
Ground area
2,357 m²
Building footprint
323 m²
Volume, LiDAR
2,705 m³
2 parcels, Wallonia · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue Hubert Léonard 21, 4610 Beyne-Heusay
since 19972.081.304.452
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62013A0103/00G000 | Wallonia | 1,195 m² | 1 · 177 m² | 13.1 m · 3 fl. |
| 62030A0483/00F000 | Wallonia | 1,161 m² | 1 · 146 m² | 11.2 m · 2 fl. |
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 21,225 companies in sector 81300 we hold annual accounts for 4,369. 3,639 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
Founded28-03-1997
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
02400Forestry and logging
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460274502
Also
9925:BE0460274502
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.