CreaFig
ActiveSummary
CreaFig has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €198k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+11
Solvency32▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.12 in 2023; short-term debt: 54% and cash: 6.9% of total assets), and 93.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2934 sector peers (2024).
NBB · sector comparisonPosition among 2934 sector peers
Solvency
better than 13%
← weakest
strongest →
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
60 d early
2022
31 d late
2021
23 d late
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€44k▲ 69.3%
2023 · €26k
2018: €57k
2019: €118k▲ +109% vs 2018
2020: €204k▲ +72.1% vs 2019
2021: €342k▲ +67.9% vs 2020highest in 7 years
2022: €339k▼ -1.0% vs 2021
2023: €26k▼ -92.4% vs 2022lowest in 7 years
2024: €44k▲ +69.3% vs 2023
2018 → 2024
Total assets
€668k▲ 2.9%
2023 · €649k
2018: €261klowest in 7 years
2019: €426k▲ +63.5% vs 2018
2020: €473k▲ +10.9% vs 2019
2021: €665k▲ +40.7% vs 2020
2022: €768k▲ +15.4% vs 2021highest in 7 years
2023: €649k▼ -15.5% vs 2022
2024: €668k▲ +2.9% vs 2023
2018 → 2024
Net result
€198k▲ 85.1%
2023 · €107k
2018: €28k
2019: €62k▲ +122% vs 2018
2020: €85k▲ +38.1% vs 2019
2021: €138k▲ +62.1% vs 2020
2022: €7k▼ -95.1% vs 2021lowest in 7 years
2023: €107k▲ +1474% vs 2022
2024: €198k▲ +85.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€38k▼ 11.9%
2023 · €44k
2018: €31klowest in 7 years
2019: €82k▲ +168% vs 2018
2020: €167k▲ +104% vs 2019
2021: €222k▲ +33.0% vs 2020highest in 7 years
2022: €95k▼ -57.1% vs 2021
2023: €44k▼ -54.3% vs 2022
2024: €38k▼ -11.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€204k-€342k▲ 67.9%€339k▼ 1.0%€26k▼ 92.4%€44k▲ 69.3%
2020: €204k
2021: €342k▲ +67.9% vs 2020highest in 5 years
2022: €339k▼ -1.0% vs 2021
2023: €26k▼ -92.4% vs 2022lowest in 5 years
2024: €44k▲ +69.3% vs 2023
Operating result€115k-€194k▲ 69.1%€16k▼ 91.5%€186k▲ 1,028%€268k▲ 44.0%
2020: €115k
2021: €194k▲ +69.1% vs 2020
2022: €16k▼ -91.5% vs 2021lowest in 5 years
2023: €186k▲ +1028% vs 2022
2024: €268k▲ +44.0% vs 2023highest in 5 years
Net result€85k-€138k▲ 62.1%€7k▼ 95.1%€107k▲ 1,474%€198k▲ 85.1%
2020: €85k
2021: €138k▲ +62.1% vs 2020
2022: €7k▼ -95.1% vs 2021lowest in 5 years
2023: €107k▲ +1474% vs 2022
2024: €198k▲ +85.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €668k
Fixed assets
€269k ▲ 7.0%
Current assets
€399k ▲ 0.3%
Equity and liabilities €668k
Equity
€44k ▲ 69.3%
Debt
€624k ▲ 0.2%
Debt's share of the balance-sheet total falls from 96.0% to 93.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€317k▲
2023 · €223k
Cash flow
€247k▲
2023 · €143k
Current ratio
1.11▼
2023 · 1.12
Debt to equity
14.30▼
2023 · 24.17
ROE
453.3%▲
2023 · 414.7%
ROA
29.6%▲
2023 · 16.5%
Interest coverage
19.64▲
2023 · 7.39
Debt ≤ 1 year
€360k▲
2023 · €354k
Debt > 1 year
€260k▼
2023 · €266k
Income taxes
€54k▲
2023 · €49k
Staff costs
€608k▲
2023 · €522k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€649k€668k▲
Fixed assets21/28€252k€269k▲
Tangible fixed assets22/27€252k€256k▲
Land and buildings22€118k€110k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€126k€140k▲
Financial fixed assets28-€14k
Current assets29/58€397k€399k▲
Amounts receivable within one year40/41€244k€264k▲
Trade receivables40€214k€255k▲
Other amounts receivable41€31k€9k▼
Current investments50/53-€50k
Cash at bank and in hand54/58€137k€46k▼
Deferred charges and accrued income490/1€17k€39k▲
Equity and liabilities
Total equity and liabilities10/49€649k€668k▲
Equity10/15€26k€44k▲
Contributions10/11€19k€19k=
Reserves13€7k€25k▲
Distributable reserves133€7k€25k▲
Amounts payable17/49€623k€624k▲
Amounts payable after more than one year17€266k€260k▼
Financial debts170/4€266k€260k▼
Amounts payable within one year42/48€354k€360k▲
Current portion of amounts payable after more than one year42€45k€66k▲
Financial debts43€12k€71k▲
Credit institutions430/8€12k€71k▲
Trade debts44€87k€84k▼
Suppliers440/4€87k€84k▼
Taxes, remuneration and social security45€101k€139k▲
Taxes450/3€47k€58k▲
Remuneration and social security454/9€54k€81k▲
Other amounts payable47/48€108k€291▼
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62€522k€608k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€35k€6k▼
Other operating charges640/8€11k€5k▼
Gross operating margin9900€790k€936k▲
Operating profit (loss)9901€186k€268k▲
Financial income75/76B€84€312▲
Recurring financial income75€84€312▲
Financial charges65/66B€30k€16k▼
Recurring financial charges65€30k€16k▼
Profit (loss) for the period before taxes9903€156k€252k▲
Income taxes67/77€49k€54k▲
Profit (loss) for the period9904€107k€198k▲
Profit (loss) for the period to be appropriated9905€107k€198k▲
Appropriation of the result
Profit (loss) to be appropriated9906€107k€198k▲
Transfer from equity791/2€320k-
Transfer to equity691/2€7k€18k▲
To other reserves6921€7k€18k▲
Profit to be distributed694/7€420k€180k▼
Return on contributions (dividend)694€420k€120k▼
Directors or managers695-€60k
Social balance
Average headcount (FTE)90878.310.4▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €89k | €166k | €522k | €608k | ▲ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €14k | €37k | €49k | ▲ 34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €35k | €6k | ▼ 84.0% |
| Other operating charges640/8 | - | €7k | €18k | €11k | €5k | ▼ 54.3% |
| Non-recurring operating charges66A | - | - | €1k | - | - | - |
| Gross operating margin9900 | €164k | €304k | €216k | €790k | €936k | ▲ 18.5% |
| Operating profit (loss)9901 | €115k | €194k | €16k | €186k | €268k | ▲ 44.0% |
| Financial income75/76B | - | €231 | - | €84 | €312 | ▲ 270% |
| Recurring financial income75 | €609 | €231 | - | €84 | €312 | ▲ 270% |
| Financial charges65/66B | - | €1k | €2k | €30k | €16k | ▼ 46.4% |
| Recurring financial charges65 | €1k | €1k | €2k | €30k | €16k | ▼ 46.4% |
| Profit (loss) for the period before taxes9903 | €114k | €193k | €15k | €156k | €252k | ▲ 61.6% |
| Income taxes67/77 | €29k | €55k | €8k | €49k | €54k | ▲ 10.4% |
| Profit (loss) for the period9904 | €85k | €138k | €7k | €107k | €198k | ▲ 85.1% |
| Profit (loss) for the period to be appropriated9905 | €85k | €138k | €7k | €107k | €198k | ▲ 85.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €473k | €665k | €768k | €649k | €668k | ▲ 2.9% |
| Fixed assets21/28 | €151k | €231k | €345k | €252k | €269k | ▲ 7.0% |
| Tangible fixed assets22/27 | €151k | €143k | €159k | €252k | €256k | ▲ 1.6% |
| Land and buildings22 | - | €134k | €126k | €118k | €110k | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €2k | €11k | €7k | €5k | ▼ 29.3% |
| Furniture and vehicles24 | - | €7k | €22k | €126k | €140k | ▲ 11.3% |
| Financial fixed assets28 | - | €88k | €187k | - | €14k | - |
| Current assets29/58 | €322k | €434k | €423k | €397k | €399k | ▲ 0.3% |
| Amounts receivable within one year40/41 | €200k | €238k | €326k | €244k | €264k | ▲ 8.1% |
| Trade receivables40 | - | €203k | €181k | €214k | €255k | ▲ 19.3% |
| Other amounts receivable41 | - | €35k | €145k | €31k | €9k | ▼ 70.5% |
| Current investments50/53 | - | - | - | - | €50k | - |
| Cash at bank and in hand54/58 | €122k | €191k | €81k | €137k | €46k | ▼ 66.2% |
| Deferred charges and accrued income490/1 | - | €6k | €16k | €17k | €39k | ▲ 132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €473k | €665k | €768k | €649k | €668k | ▲ 2.9% |
| Equity10/15 | €204k | €342k | €339k | €26k | €44k | ▲ 69.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €100k | €100k | €320k | €7k | €25k | ▲ 249% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €98k | €318k | €7k | €25k | ▲ 249% |
| Profit (loss) carried forward14 | €85k | €224k | - | - | - | - |
| Amounts payable17/49 | €269k | €323k | €429k | €623k | €624k | ▲ 0.2% |
| Amounts payable after more than one year17 | €114k | €110k | €101k | €266k | €260k | ▼ 2.0% |
| Financial debts170/4 | - | €110k | €101k | €266k | €260k | ▼ 2.0% |
| Amounts payable within one year42/48 | €155k | €212k | €327k | €354k | €360k | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €75k | €75k | €45k | €66k | ▲ 44.7% |
| Financial debts43 | - | €4k | €240 | €12k | €71k | ▲ 474% |
| Credit institutions430/8 | - | €4k | €240 | €12k | €71k | ▲ 474% |
| Trade debts44 | €74k | €80k | €206k | €87k | €84k | ▼ 2.6% |
| Suppliers440/4 | - | €80k | €206k | €87k | €84k | ▼ 2.6% |
| Taxes, remuneration and social security45 | - | €46k | €28k | €101k | €139k | ▲ 37.0% |
| Taxes450/3 | - | €42k | €19k | €47k | €58k | ▲ 21.7% |
| Remuneration and social security454/9 | - | €4k | €9k | €54k | €81k | ▲ 50.4% |
| Other amounts payable47/48 | - | €7k | €18k | €108k | €291 | ▼ 99.7% |
| Accrued charges and deferred income492/3 | - | €797 | €913 | €4k | €4k | ▼ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85k | €138k | €7k | €107k | €198k | ▲ 85.1% |
| + Depreciation and write-downs630 | €15k | €15k | €14k | €37k | €49k | ▲ 34.8% |
| Operating cash flow (approximation) | €100k | €153k | €21k | €143k | €247k | ▲ 72.3% |
| Investment in fixed assets (approximation) | - | €-95k | €-128k | €57k | €-67k | ▼ 217% |
| Change in cash | - | €69k | €-110k | €56k | €-90k | ▼ 262% |
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
2026
25-09
State Gazette act
Incorporation · Founder
Legal form clause · Registered office clause
21-09
State Gazette act
Incorporation · Founder
Founding capital · Other statement
18-09
State Gazette act
General meeting · Registered-office move
Power of attorney · Permanent representative
15-09
State Gazette act
Incorporation · Founder
Founding capital · Bank account
14-09
State Gazette act
General meeting · Registered-office move
Power of attorney · Permanent representative
11-09
State Gazette act
Incorporation · Legal form clause
Name clause · Registered office clause
07-09
State Gazette act
Incorporation · Founder
Founding capital · Bank account
03-09
State Gazette act
General meeting · Director resignation
Power of attorney · Permanent representative
26-08
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
26-08
State Gazette act
General meeting · Registered-office move
Power of attorney
17-08
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
17-08
State Gazette act
Incorporation · Founder
Founding capital · Bank account
Show earlier events
14-08
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
28-07
State Gazette act
General meeting · Director resignation
Power of attorney
28-07
State Gazette act
General meeting · Permanent representative
Power of attorney
28-07
State Gazette act
General meeting · Director resignation
Power of attorney · Permanent representative
01-07
State Gazette act
Incorporation · Founder
Founding capital · Director appointment
27-03
State Gazette act
General meeting · Director resignation
Power of attorney
27-03
State Gazette act
General meeting · Director resignation
Power of attorney
26-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital · Niels BOURGOIS
23-03
State Gazette act
General meeting · Registered-office move
Permanent representative
20-03
State Gazette act
General meeting · Dissolution
Liquidation · Director resignation
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €198k ▲85.1%
Operating result €268k, net result €198k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼95.1%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €204k ▲72.1%
3 profitable years in a row build equity to €204k.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Equity above €100kEq €118k ▲109%
2 profitable years in a row build equity to €118k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Directors · office · real estate
Directors
9 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, Hamont-Achel · 1 establishment unit since 2011
Ground area
267 m²
Building footprint
152 m²
Volume, LiDAR
721 m³
Parcel 72012C0065/00R000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Budelpoort 50, 3930 Hamont-Achel
since 20112.207.209.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012C0065/00R000 | Flanders | 267 m² | 1 · 152 m² | 8.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 14,304 EUR awarded · 13,986 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 911 EUR | 1,314 EUR |
| 2024 | 2 | 6,927 EUR | 6,086 EUR |
| 2023 | 1 | 592 EUR | 712 EUR |
| 2022 | 2 | 5,874 EUR | 5,874 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,754 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
Founded07-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.