CREACIM
ActiveCREACIM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €200k and a net result of €-90k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 54% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency70▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.72 in 2023; short-term debt: 52.2% and cash: 3.8% of total assets), and 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
45.1%
Return on assets
-20.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-90k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
27 d late
2022
31 d late
2021
27 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€200k▼ 31.2%
2023 · €290k
2018: €214k
2019: €279k
2020: €361k
2021: €441k
2022: €385k
2023: €290k
2018 → 2024
Total assets
€443k▼ 19.2%
2023 · €549k
2018: €863k
2019: €755k
2020: €683k
2021: €726k
2022: €645k
2023: €549k
2018 → 2024
Net result
€-90k▲ 4.8%
2023 · €-95k
2018: €20k
2019: €66k
2020: €82k
2021: €80k
2022: €-56k
2023: €-95k
2018 → 2024
Working capital
€-103k▼ 48.4%
2023 · €-69k
2018: €-277k
2019: €-211k
2020: €-103k
2021: €3k
2022: €-27k
2023: €-69k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€361k-€441k▲ 22.1%€385k▼ 12.7%€290k▼ 24.7%€200k▼ 31.2%
Operating result€34k-€26k▼ 24.0%€-45k€-83k▼ 84.9%€-71k▲ 14.2%
Net result€82k-€80k▼ 2.5%€-56k€-95k▼ 69.6%€-90k▲ 4.8%
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 €71k in 2024 against €83k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €443k
Fixed assets
€315k▼ 14.5%
Current assets
€129k▼ 28.8%
Equity and liabilities €443k
Equity
€200k▼ 31.2%
Debt
€243k▼ 5.8%
The debt ratio rises from 47.1% to 54.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▲
2023 · €-24k
Cash flow
€-30k▲
2023 · €-36k
Solvency
45.1%▼
2023 · 52.9%
Current ratio
0.56▼
2023 · 0.72
Quick ratio
0.56▼
2023 · 0.72
Debt / equity
1.22▲
2023 · 0.89
ROE
-45.3%▼
2023 · -32.7%
ROA
-20.4%▼
2023 · -17.3%
Interest coverage
-0.62▲
2023 · -1.66
Debt
€243k▼
2023 · €259k
Debt ≤ 1 year
€231k▼
2023 · €250k
Income taxes
€740▲
2023 · €715
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€549k€443k▼
Fixed assets21/28€368k€315k▼
Tangible fixed assets22/27€368k€315k▼
Land and buildings22€360k€301k▼
Plant, machinery and equipment23€5k€8k▲
Furniture and vehicles24-€1k
Other tangible fixed assets26€4k€4k=
Current assets29/58€181k€129k▼
Amounts receivable within one year40/41€146k€107k▼
Trade receivables40€1k€2k▲
Other amounts receivable41€145k€105k▼
Cash at bank and in hand54/58€34k€17k▼
Deferred charges and accrued income490/1€806€5k▲
Equity and liabilities
Total equity and liabilities10/49€549k€443k▼
Equity10/15€290k€200k▼
Contributions10/11€25k€25k=
Revaluation surpluses12€1k€1k=
Reserves13€269k€269k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€251k€251k=
Profit (loss) carried forward14€-5k€-96k▼
Amounts payable17/49€259k€243k▼
Amounts payable within one year42/48€250k€231k▼
Current portion of amounts payable after more than one year42€9k-
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€230k€216k▼
Accrued charges and deferred income492/3€8k€12k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€60k▲
Other operating charges640/8€13k€12k▼
Gross operating margin9900€-11k€713▲
Operating profit (loss)9901€-83k€-71k▲
Financial income75/76B€4k€14▼
Recurring financial income75€4k€14▼
Financial charges65/66B€15k€18k▲
Recurring financial charges65€15k€18k▲
Profit (loss) for the period before taxes9903€-94k€-90k▲
Income taxes67/77€715€740▲
Profit (loss) for the period9904€-95k€-90k▲
Profit (loss) for the period to be appropriated9905€-95k€-90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-96k▼
Profit (loss) brought forward from the previous period14P-€-5k
Transfer from equity791/2€90k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €82k ▲25.3%
Operating result €34k, net result €82k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maldegem · 1 establishment unit since 1995
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.
Vliegplein 669991 MaldegemGround area
4,583 m²
Building footprint
1,196 m²
Volume, LiDAR
6,822 m³
Parcel 43001H0444/00L000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREACIM
since 19952.073.460.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H0444/00L000 | Flanders | 4,583 m² | 1 · 1,196 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
V.D.W. FOOD
BE 0472.550.346
Kinrooi · Eq €200k
AL BASMALA
BE 0667.915.571
Sint-Jans-Molenbeek · Eq €201k
COMUL PROFESSIONAL
BE 0434.647.397
Schilde · Eq €198k
Nanox International
BE 0897.320.670
Fleurus · Eq €202k
HAO YUN DA
BE 0805.031.803
Merelbeke-Melle · Eq €197k
Of 1,428 companies in sector 46389 we hold annual accounts for 855. 591 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-1995
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
74151
46450Wholesale of perfume and cosmetics
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.