CREACOP · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CREACOP is 0.6% (low). The 2023 annual accounts show negative equity (€-76k) and a net result of €5k. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Annual accounts: weaker financial profile +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 394 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-02-2025, 209 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	25-02-2025	209 d late	2025-00039837
31-12-2022	31-07-2023	21-02-2024	205 d late	2024-00032347
31-12-2021	31-07-2022	07-06-2022	54 d early	2022-20054551
31-12-2020	31-07-2021	07-06-2021	54 d early	2021-18200544
31-12-2019	31-07-2020	10-08-2020	10 d late	2020-40300123
31-12-2018	31-07-2019	12-09-2019	43 d late	2019-64300437
31-12-2017	31-07-2018	07-06-2018	54 d early	2018-16700478
31-12-2016	31-07-2017	20-06-2017	41 d early	2017-19600195
31-12-2015	31-07-2016	29-08-2016	29 d late	2016-50300254
31-12-2014	31-07-2015	11-06-2015	50 d early	2015-17100084

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1989, 36 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€5k

Working capital€-79k-2.2%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 25-02-2025 with the NBB · fiscal year 2023 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 6 fiscal years (±0.4%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€8k

- 18-23

Net profit

€5k

- 18-23

Cash flow

€7k

- 18-23

Total assets

€28k

-6.3% 18-23

Equity

€-76k

+5.6% 18-23

Working capital

€-79k

-2.2% 18-23

Income taxes

€6

- 18-23

Debt

€84k

-7.1% 18-23

Show 9 other metrics

Debt ≤ 1y

€82k

+3.1% 18-23

Debt > 1y

€2k

-81.1% 18-23

Current ratio

0.04

+29.4% 18-23

Quick ratio

0.04

+29.4% 18-23

Solvency

-271.5%

-0.8% 18-23

Debt / equity

-1.10

+1.6% 18-23

ROE

-6.0%

- 18-23

ROA

16.2%

- 18-23

Interest coverage

8.22

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	-
EBITDA	€8k
Net profit	€5k
Cash flow	€7k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€28k
Equity	€-76k
Debt	€84k
of which ≤ 1y	€82k
of which > 1y	€2k
Working capital	€-79k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.04
Quick ratio	0.04
Working capital ratio	-281.7%
Solvency	-271.5%
Debt / equity	-1.10
Long-term debt ratio	-0.03
Interest coverage	8.22
Gross margin	-
Net margin	-
ROA	16.2%
ROE	-6.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €25k · 89.3% Current assets €3k · 10.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€28k
Fixed assets	21/28	€25k
Tangible fixed assets	22/27	€25k
Current assets	29/58	€3k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€28k
Equity	10/15	€-76k
Contributions / capital	10/11	€2k
Reserves	13	€248
Accumulated profits (losses)	14	€-78k
Provisions & deferred taxes	16	€20k
Amounts payable	17/49	€84k
Amounts payable after one year	17	€2k
Amounts payable within one year	42/48	€82k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€9k
Operating result	9901	€6k
Financial charges	65	€991
Result before taxes	9903	€5k
Net result for the period	9904	€5k
Result to be appropriated	9905	€5k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

16 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

8 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Claude VONECHE
Director
State Gazette act 25118315 (18-09-2025)

Current
18-09-2025 → present

Former directors (2)

Claude VONECHЕ
Manager
State Gazette act 25118315 (18-09-2025)

Former
- → 18-09-2025
Hugues VONECHE
Manager
State Gazette act 25118315 (18-09-2025)

Former
- → 18-09-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Coöperatieve vennootschap (oud statuut)(016)
Incorporation	01-10-1989
Status	Active
Postal code	5000

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Rue Salzinnes les Moulins 319, 5000 Namur

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

since 19892.045.306.465

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area101 m²

Buildings1

Building footprint56 m²

Volume (LiDAR)519 m³

Tallest building12.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92094A0059/00F000	Wallonia	101 m²	1 · 55 m²	12.0 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

All acts · 1 updated 11 months ago

2025

18-09-2025 1 director appointed, 2 resigning Director changes·Mélanie BRACKcorrection

Claude VONECHE, Bestuurder
Claude VONECHЕ, Zaakvoerder
Hugues VONECHE, Zaakvoerder

Notary: Mélanie BRACK · Dinant

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

45 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 16

Profitability 0

Solvency 33

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

CREACOP

Registered office

Rue Salzinnes les Moulins 319

5000 Namur, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.