CREAD
ActiveSummary
CREAD has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of €275,360. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 95% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+15
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 85.64 against 43.12 in 2023; short-term debt: 1.2% and cash: 6.8% of total assets), and 1.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2024Solvency, return and age of the figures
Solvency
98.6%
Return on assets
16.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-08-2025, 15 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
15 d late
2023
26 d late
2022
30 d late
2021
26 d late
2020
30 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€1.7m▲ 19.8%
2023 · €1.4m
Total assets
€1.7m▲ 18.6%
2023 · €1.4m
Net result
€275,360▲ 31.2%
2023 · €209,954
Working capital
€1.7m▲ 19.2%
2023 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Operating result€193,044▲ 5.4%€198,899▲ 3.0%€218,927▲ 10.1%€286,048▲ 30.7%€364,008▲ 27.3%
Net result€134,164above the sector's middle half▲ 7.1%€139,306above the sector's middle half▲ 3.8%€151,255above the sector's middle half▲ 8.6%€209,954above the sector's middle half▲ 38.8%€275,360above the sector's middle half▲ 31.2%
Equity€889,652above the sector's middle half▲ 17.8%€1.0mabove the sector's middle half▲ 15.7%€1.2mabove the sector's middle half▲ 14.7%€1.4mabove the sector's middle half▲ 17.8%€1.7mabove the sector's middle half▲ 19.8%
Total assets€916,789above the sector's middle half▲ 9.0%€1.0mabove the sector's middle half▲ 14.0%€1.2mabove the sector's middle half▲ 15.0%€1.4mabove the sector's middle half▲ 18.5%€1.7mabove the sector's middle half▲ 18.6%
Debt€27,137▼ 68.2%€16,470▼ 39.3%€22,398▲ 36.0%€35,318▲ 57.7%€24,499▼ 30.6%
Working capital€891,261▲ 17.6%€1.0m▲ 15.2%€1.2m▲ 14.3%€1.4m▲ 18.2%€1.7m▲ 19.2%
Solvency97.0%above the sector's middle half▲ 7.2pp98.4%above the sector's middle half▲ 1.4pp98.1%above the sector's middle half▼ 0.3pp97.5%above the sector's middle half▼ 0.6pp98.6%above the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 has risen four years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€17,500 ▲ 212%
Current assets
€1.7m ▲ 17.8%
Equity and liabilities €1.7m
Equity
€1.7m ▲ 19.8%
Debt
€24,499 ▼ 30.6%
Debt's share of the balance-sheet total falls from 2.5% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€366,332▲
2023 · €287,858
Cash flow
€277,684▲
2023 · €211,764
Current ratio
85.64▲
2023 · 43.12
Debt to equity
0.01▼
2023 · 0.03
ROE
16.5%▲
2023 · 15.1%
ROA
16.3%▲
2023 · 14.7%
Interest coverage
521.10▲
2023 · -294.63
Debt ≤ 1 year
€19,530▼
2023 · €32,929
Income taxes
€130,371▲
2023 · €93,093
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €547 | €500 | €1,319 | €1,810 | €2,324 | ▲ 28.4% |
| Other operating charges640/8 | - | €1,641 | €1,374 | €1,616 | €1,565 | ▼ 3.2% |
| Gross operating margin9900 | €195,201 | €201,040 | €221,620 | €289,474 | €367,897 | ▲ 27.1% |
| Operating profit (loss)9901 | €193,044 | €198,899 | €218,927 | €286,048 | €364,008 | ▲ 27.3% |
| Financial income75/76B | - | €602 | €852 | €16,022 | €42,426 | ▲ 165% |
| Recurring financial income75 | €1,125 | €602 | €852 | €16,022 | €42,426 | ▲ 165% |
| Financial charges65/66B | - | €598 | €2,251 | -€977 | €703 | ▲ 172% |
| Recurring financial charges65 | €2,713 | €598 | €2,251 | -€977 | €703 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €191,456 | €198,903 | €217,528 | €303,047 | €405,731 | ▲ 33.9% |
| Income taxes67/77 | €57,292 | €59,597 | €66,273 | €93,093 | €130,371 | ▲ 40.0% |
| Profit (loss) for the period9904 | €134,164 | €139,306 | €151,255 | €209,954 | €275,360 | ▲ 31.2% |
| Profit (loss) for the period to be appropriated9905 | €134,164 | €139,306 | €151,255 | €209,954 | €275,360 | ▲ 31.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €916,789 | €1.0m | €1.2m | €1.4m | €1.7m | ▲ 18.6% |
| Fixed assets21/28 | €196 | €3,284 | €7,427 | €5,617 | €17,500 | ▲ 212% |
| Tangible fixed assets22/27 | €196 | €3,284 | €7,427 | €5,617 | €17,454 | ▲ 211% |
| Land and buildings22 | - | €3,284 | - | - | €12,643 | - |
| Furniture and vehicles24 | - | - | €7,427 | €5,617 | €4,811 | ▼ 14.3% |
| Financial fixed assets28 | - | - | - | - | €46 | - |
| Current assets29/58 | €916,593 | €1.0m | €1.2m | €1.4m | €1.7m | ▲ 17.8% |
| Amounts receivable within one year40/41 | €384 | €30,778 | €31,421 | €32,663 | €59,271 | ▲ 81.5% |
| Trade receivables40 | - | €25,154 | €25,956 | €28,715 | €29,866 | ▲ 4.0% |
| Other amounts receivable41 | - | €5,624 | €5,465 | €3,948 | €29,405 | ▲ 645% |
| Current investments50/53 | €31,800 | €31,504 | €29,549 | €1.3m | €1.5m | ▲ 12.8% |
| Cash at bank and in hand54/58 | €884,258 | €979,722 | €1.1m | €64,370 | €114,457 | ▲ 77.8% |
| Deferred charges and accrued income490/1 | - | €140 | €1,803 | €7,081 | €14,141 | ▲ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €916,789 | €1.0m | €1.2m | €1.4m | €1.7m | ▲ 18.6% |
| Equity10/15 | €889,652 | €1.0m | €1.2m | €1.4m | €1.7m | ▲ 19.8% |
| Contributions10/11 | - | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €809,652 | €948,958 | €1.1m | €1.3m | €1.6m | ▲ 21.0% |
| Non-distributable reserves130/1 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves not available under the articles1311 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | - | €940,958 | €1.1m | €1.3m | €1.6m | ▲ 21.1% |
| Amounts payable17/49 | €27,137 | €16,470 | €22,398 | €35,318 | €24,499 | ▼ 30.6% |
| Amounts payable within one year42/48 | €25,332 | €15,841 | €22,133 | €32,929 | €19,530 | ▼ 40.7% |
| Trade debts44 | €419 | €268 | €5,354 | €2,856 | €3,925 | ▲ 37.4% |
| Suppliers440/4 | - | €268 | €5,354 | €2,856 | €3,925 | ▲ 37.4% |
| Taxes, remuneration and social security45 | - | €15,573 | €16,779 | €18,397 | €15,605 | ▼ 15.2% |
| Taxes450/3 | - | €15,573 | €16,779 | €18,397 | €15,605 | ▼ 15.2% |
| Other amounts payable47/48 | - | - | - | €11,676 | - | - |
| Accrued charges and deferred income492/3 | - | €629 | €265 | €2,389 | €4,969 | ▲ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,164 | €139,306 | €151,255 | €209,954 | €275,360 | ▲ 31.2% |
| + Depreciation and write-downs630 | €547 | €500 | €1,319 | €1,810 | €2,324 | ▲ 28.4% |
| Operating cash flow (approximation) | €134,711 | €139,806 | €152,574 | €211,764 | €277,684 | ▲ 31.1% |
| Investment in fixed assets (approximation) | - | -€3,588 | -€5,462 | €0 | -€14,207 | - |
| Change in cash | - | €95,464 | €152,689 | -€1.1m | €50,087 | ▲ 105% |
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
2025
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
31-12
Financial
Highest result since 2018net €275,360 ▲31.2%
Operating result €364,008, net result €275,360, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €1mEq €1.0m ▲15.7%
4 profitable years in a row build equity to €1.0m.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 36.18
Current ratio from 10.21 to 36.18; short-term debt falls from €82,253 to €25,332.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2014
25-08
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Kontich · 1 establishment unit since 2000
Ground area
862 m²
Building footprint
128 m²
Volume, LiDAR
701 m³
Parcel 11602C0117/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREAD
since 20002.097.273.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0117/00G000 | Flanders | 862 m² | 1 · 128 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
10 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ATTENTIA
Shared director
→
Attentia Aviation Medical
Shared director
→
Attentia Corporate
Shared director
→
ATTENTIA Invest
Shared director
→
Show 6 more companies with a shared director
ATTENTIA Prévention & Protection
Shared director
→
ATTENTIA, Secrétariat social interprofessionnel Agréé
Shared director
→
BUILDWISE
Shared director
→
CREAD
Shared director
→
Fédération belge des Exploitants d'Autobus et d'Autocars-Federatie van de Belgische Autobus en autocarondernemers
Shared director
→
unie van het kmo-bouwbedrijf
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Similar companies · same sector, comparable size
VANDIM 6
BE 0461.301.613
Sint-Niklaas · Eq €1,665,332
SDC INVEST
BE 0821.606.727
Sint-Niklaas · Eq €1,664,511
SAGICO
BE 0874.684.830
Zaventem · Eq €1,667,121
C.L.S. BELGIUM
BE 0808.211.522
Brussel · Eq €1,663,884
NEW PART
BE 0805.935.683
Juprelle · Eq €1,663,764
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 22,263 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
Founded07-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0470519878
Also
9925:BE0470519878
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.