CREAD
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€40k▼ 14.7%
2023 · €46k
2023: €46k
2023 → 2024
Total assets
€51k▲ 2.6%
2023 · €49k
2023: €49k
2023 → 2024
Net result
€2k▼ 21.1%
2023 · €3k
2023: €3k
2023 → 2024
Working capital
€26k▼ 5.9%
2023 · €28k
2023: €28k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€46k-€40k▼ 14.7%
Operating result€5k-€5k▼ 11.4%
Net result€3k-€2k▼ 21.1%
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 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€13k▼ 27.9%
Current assets
€37k▲ 21.0%
Equity and liabilities €51k
Equity
€40k▼ 14.7%
Debt
€11k▲ 269%
The debt ratio rises from 6.1% to 22.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2023 · €11k
Cash flow
€8k▼
2023 · €8k
Solvency
78.0%▼
2023 · 93.9%
Current ratio
3.38▼
2023 · 10.50
Quick ratio
3.38▼
2023 · 10.50
Debt / equity
0.28▲
2023 · 0.06
ROE
6.2%▼
2023 · 6.8%
ROA
4.9%▼
2023 · 6.3%
Interest coverage
18.71▼
2023 · 20.57
Debt
€11k▲
2023 · €3k
Debt ≤ 1 year
€11k▲
2023 · €3k
Income taxes
€2k▼
2023 · €2k
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€49k€51k▲
Fixed assets21/28€19k€13k▼
Tangible fixed assets22/27€19k€13k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€11k€6k▼
Other tangible fixed assets26€8k€8k=
Current assets29/58€31k€37k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€7k€10k▲
Trade receivables40€4k€3k▼
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€23k€27k▲
Deferred charges and accrued income490/1€213€227▲
Equity and liabilities
Total equity and liabilities10/49€49k€51k▲
Equity10/15€46k€40k▼
Contributions10/11€6k€6k=
Reserves13€40k€33k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€40k€33k▼
Profit (loss) carried forward14€81€81=
Amounts payable17/49€3k€11k▲
Amounts payable within one year42/48€3k€11k▲
Trade debts44€554€0▼
Suppliers440/4€554€0▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€1k€2k▲
Remuneration and social security454/9€951€0▼
Other amounts payable47/48€0€9k▲
Accrued charges and deferred income492/3€77€76▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€609€887▲
Gross operating margin9900€11k€11k▼
Operating profit (loss)9901€5k€5k▼
Financial income75/76B€598€236▼
Recurring financial income75€598€236▼
Financial charges65/66B€513€531▲
Recurring financial charges65€513€531▲
Profit (loss) for the period before taxes9903€5k€4k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€3k▼
Profit (loss) brought forward from the previous period14P€81€81=
Transfer from equity791/2€0€9k▲
Transfer to equity691/2€3k€2k▼
To other reserves6921€3k€2k▼
Profit to be distributed694/7€0€9k▲
Return on contributions (dividend)694€0€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
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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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Structure & network
Connections & network
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Ownership & control
5 partiesCREADBE 0464.744.717
controls
Where this company holds controlthis company sits on their board5
6 locations
3 locations
3 locations
2 locations
1 location