Summary
Creafin is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.5m and a net result of €507,459. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 6166 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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 · 9 filingsDeviation from the deadline
2025
60 d late
2024
59 d early
2023
51 d early
2022
97 d early
2021
19 d early
2020
89 d early
2019
70 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 oldest company in Lier, Finance and insurance sector
Equity
€6.5m▲ 119%
2024 · €3.0m
Net result
€507,459▲ 68.2%
2024 · €301,678
Total assets
€35.2m▲ 391%
2024 · €7.2m
Solvency
18.6%▼ 23.1pp
2024 · 41.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Turnover€12.5m
Operating result€111,477▼ 71.9%€254,000▲ 128%€476,479▲ 87.6%€404,233▼ 15.2%-€222,455
Net result€1.1mabove the sector's middle half▼ 6.4%€753,744above the sector's middle half▼ 30.8%€665,356within the sector's middle half▼ 11.7%€301,678above the sector's middle half▼ 54.7%€507,459▲ 68.2%
Equity€13.2mabove the sector's middle half▲ 0.4%€13.3mabove the sector's middle half▲ 0.3%€2.8mwithin the sector's middle half▼ 79.3%€3.0mabove the sector's middle half▲ 8.6%€6.5m▲ 119%
Total assets€18.2mabove the sector's middle half▼ 5.6%€16.6mabove the sector's middle half▼ 8.9%€7.0mwithin the sector's middle half▼ 57.5%€7.2mabove the sector's middle half▲ 1.8%€35.2m▲ 391%
Debt€4.9m▼ 18.3%€3.3m▼ 33.2%€4.3m▲ 30.6%€4.2m▼ 2.6%€28.6m▲ 589%
Working capital€13.9mabove the sector's middle half▼ 6.2%€12.6mabove the sector's middle half▼ 9.6%€2.8mabove the sector's middle half▼ 77.6%€2.9mabove the sector's middle half▲ 3.9%€2.2m▼ 25.1%
Solvency72.8%within the sector's middle half▲ 4.4pp80.1%above the sector's middle half▲ 7.3pp39.1%within the sector's middle half▼ 41.0pp41.7%within the sector's middle half▲ 2.6pp18.6%▼ 23.1pp
Current ratio5.09above the sector's middle half▲ 0.025.56above the sector's middle half▲ 0.471.99within the sector's middle half▼ 3.572.11within the sector's middle half▲ 0.121.32▼ 0.79
Return on assets (ROA)6.0%within the sector's middle half▼ 0.1pp4.6%within the sector's middle half▼ 1.4pp9.5%above the sector's middle half▲ 4.9pp4.2%within the sector's middle half▼ 5.2pp1.4%▼ 2.8pp
Staff (FTE)11.9above the sector's middle half▲ 0.8%15.1above the sector's middle half▲ 26.9%14.6above the sector's middle half▼ 3.3%14.6above the sector's middle half=17▲ 16.4%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +68% on 2024. This fiscal year ran 18 months, the previous one 12. The accounts now follow the full schema, last year the abbreviated schema.
- 2024 Net result -55% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €222,455 after €404,233 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35.2m
Fixed assets
€26.1m ▲ 1,543%
Current assets
€9.1m ▲ 62.8%
Equity and liabilities €35.2m
Equity
€6.5m ▲ 119%
Provisions
€0 ▼ 100%
Debt
€28.6m ▲ 589%
Debt's share of the balance-sheet total rises from 58.0% to 81.4%. Equity and debt are higher.
Key figures and ratios
ROE
7.8%▼
2024 · 10.1%
Debt ≤ 1 year
€6.9m▲
2024 · €2.6m
Debt > 1 year
€19.9m▲
2024 · €1.4m
Income taxes
€189,014▲
2024 · €128,000
Staff costs
€3.0m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €12.9m | - |
| Turnover70 | - | - | - | - | €12.5m | - |
| Other operating income74 | - | - | - | - | €82,100 | - |
| Non-recurring operating income76A | - | - | €0 | €0 | €290,364 | - |
| Operating charges60/66A | - | - | - | - | €13.1m | - |
| Services and other goods61 | - | - | - | - | €8.4m | - |
| Remuneration, social security and pensions62 | - | €1.3m | €1.3m | €1.5m | €3.0m | ▲ 97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193,970 | €251,680 | €397,225 | €576,907 | €1.4m | ▲ 149% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€115,809 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €85,623 | €240,266 | -€55,328 | -€22,814 | ▲ 58.8% |
| Other operating charges640/8 | - | €13,017 | €10,324 | €1,330 | €419,514 | ▲ 31,443% |
| Gross operating margin9900 | €1.8m | €2.0m | €2.4m | €2.4m | - | - |
| Operating profit (loss)9901 | €111,477 | €254,000 | €476,479 | €404,233 | -€222,455 | ▼ 155% |
| Financial income75/76B | - | €702,740 | €1.8m | €436,331 | €1.7m | ▲ 280% |
| Recurring financial income75 | €571,920 | €503,196 | €276,356 | €85,878 | €1.7m | ▲ 1,833% |
| Income from financial fixed assets750 | - | - | - | - | €1.4m | - |
| Income from current assets751 | - | - | - | - | €214,172 | - |
| Non-recurring financial income76B | - | €199,543 | €1.5m | €350,453 | - | - |
| Financial charges65/66B | - | €136,068 | €1.4m | €410,886 | €741,047 | ▲ 80.4% |
| Recurring financial charges65 | €165,060 | €126,280 | €90,891 | €105,091 | €702,139 | ▲ 568% |
| Debt charges650 | - | - | - | - | €676,488 | - |
| Other financial charges652/9 | - | - | - | - | €25,651 | - |
| Non-recurring financial charges66B | - | €9,788 | €1.3m | €305,795 | €38,908 | ▼ 87.3% |
| Profit (loss) for the period before taxes9903 | €1.1m | €820,673 | €915,960 | €429,678 | €696,473 | ▲ 62.1% |
| Income taxes67/77 | €11,088 | €66,928 | €250,604 | €128,000 | €189,014 | ▲ 47.7% |
| Taxes670/3 | - | - | - | - | €210,310 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €21,295 | - |
| Profit (loss) for the period9904 | €1.1m | €753,744 | €665,356 | €301,678 | €507,459 | ▲ 68.2% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €753,744 | €665,356 | €301,678 | €507,459 | ▲ 68.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.2m | €16.6m | €7.0m | €7.2m | €35.2m | ▲ 391% |
| Fixed assets21/28 | €858,243 | €1.2m | €1.4m | €1.6m | €26.1m | ▲ 1,543% |
| Intangible fixed assets21 | - | €1.2m | €1.4m | €1.6m | €7.5m | ▲ 382% |
| Tangible fixed assets22/27 | €858,216 | €23,514 | €7,896 | €29,578 | €146,329 | ▲ 395% |
| Furniture and vehicles24 | - | €23,514 | €7,896 | €29,578 | €106,362 | ▲ 260% |
| Leasing and similar rights25 | - | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | - | €0 | €0 | €39,967 | - |
| Financial fixed assets28 | €28 | €262 | €262 | €262 | €18.4m | ▲ 7,037,743% |
| Affiliated companies280/1 | - | - | - | - | €0 | - |
| Participating interests280 | - | - | - | - | €0 | - |
| Other financial fixed assets284/8 | - | - | - | - | €18.4m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €18.4m | - |
| Current assets29/58 | €17.3m | €15.3m | €5.7m | €5.6m | €9.1m | ▲ 62.8% |
| Amounts receivable after more than one year29 | - | €10.3m | €2.0m | €2.0m | €816,500 | ▼ 58.9% |
| Trade receivables290 | - | €7.7m | €637,105 | - | - | - |
| Other amounts receivable291 | - | €2.6m | €1.4m | €2.0m | €816,500 | ▼ 58.9% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €2.8m | €3.3m | €1.3m | €1.3m | €1.1m | ▼ 15.6% |
| Trade receivables40 | - | €1.7m | €785,494 | €886,962 | €604,750 | ▼ 31.8% |
| Other amounts receivable41 | - | €1.6m | €467,526 | €457,614 | €530,605 | ▲ 16.0% |
| Cash at bank and in hand54/58 | €2.9m | €1.6m | €2.2m | €2.1m | €5.0m | ▲ 130% |
| Deferred charges and accrued income490/1 | - | €55,979 | €225,478 | €90,087 | €2.2m | ▲ 2,302% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.2m | €16.6m | €7.0m | €7.2m | €35.2m | ▲ 391% |
| Equity10/15 | €13.2m | €13.3m | €2.8m | €3.0m | €6.5m | ▲ 119% |
| Contributions10/11 | €12.7m | €12.7m | €2.5m | €2.5m | €5.7m | ▲ 128% |
| Capital10 | - | €12.7m | €2.5m | €2.5m | €5.7m | ▲ 128% |
| Issued capital100 | - | €12.7m | €2.5m | €2.5m | €5.7m | ▲ 128% |
| Reserves13 | €488,223 | €525,911 | €250,000 | €250,000 | €275,375 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | €523,391 | €250,000 | €250,000 | €275,375 | ▲ 10.2% |
| Legal reserve130 | - | €523,391 | €250,000 | €250,000 | €275,375 | ▲ 10.2% |
| Distributable reserves133 | - | €2,519 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | €235,619 | €578,027 | ▲ 145% |
| Provisions and deferred taxes16 | €59,995 | €31,799 | €22,814 | €22,814 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | €31,799 | €22,814 | €22,814 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | €31,799 | €22,814 | €22,814 | €0 | ▼ 100% |
| Amounts payable17/49 | €4.9m | €3.3m | €4.3m | €4.2m | €28.6m | ▲ 589% |
| Amounts payable after more than one year17 | €1.3m | €329,255 | €1.3m | €1.4m | €19.9m | ▲ 1,342% |
| Financial debts170/4 | - | €329,255 | €1.3m | €1.4m | €19.9m | ▲ 1,342% |
| Credit institutions173 | - | - | - | - | €181,522 | - |
| Other loans174 | - | - | - | - | €19.7m | - |
| Amounts payable within one year42/48 | €3.4m | €2.8m | €2.8m | €2.6m | €6.9m | ▲ 160% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €133,324 | - |
| Financial debts43 | - | €1.1m | €90,560 | €124,791 | - | - |
| Credit institutions430/8 | - | €37,627 | - | - | - | - |
| Other loans439 | - | €1.1m | €90,560 | €124,791 | - | - |
| Trade debts44 | €412,960 | €513,972 | €521,764 | €654,507 | €1.3m | ▲ 94.3% |
| Suppliers440/4 | - | €513,972 | €521,764 | €654,507 | €1.3m | ▲ 94.3% |
| Taxes, remuneration and social security45 | - | €185,546 | €360,911 | €202,855 | €396,868 | ▲ 95.6% |
| Taxes450/3 | - | €84,052 | €287,420 | €80,933 | €127,897 | ▲ 58.0% |
| Remuneration and social security454/9 | - | €101,494 | €73,491 | €121,922 | €268,971 | ▲ 121% |
| Other amounts payable47/48 | - | €907,768 | €1.9m | €1.7m | €5.1m | ▲ 206% |
| Accrued charges and deferred income492/3 | - | €178,354 | €151,270 | €130,609 | €1.9m | ▲ 1,319% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €753,744 | €665,356 | €301,678 | €507,459 | ▲ 68.2% |
| + Depreciation and write-downs630 | €193,970 | €251,680 | €397,225 | €576,907 | €1.4m | ▲ 149% |
| Operating cash flow (approximation) | €1.3m | €1.0m | €1.1m | €878,585 | €1.9m | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€615,011 | -€548,053 | -€792,286 | -€25.9m | ▼ 3,174% |
| Change in cash | - | -€1.3m | €555,027 | -€16,650 | €2.8m | ▲ 16,939% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 60 days late
30-03
State Gazette act
Reappointment: BRUYLAND, Herman (director)Appointments: SERAFIN Maryline Dominique, JANSSENS Jo and BV FORVIS MAZARS Bedrijfsrevisoren · Share issue7 facts ▸
State Gazette act
Reappointment: BRUYLAND, Herman (director)
Appointments: SERAFIN Maryline Dominique, JANSSENS Jo and BV FORVIS MAZARS Bedrijfsrevisoren · Share issue7 facts ▸
- General meeting, 15 december 2025
- Director reappointment, BRUYLAND, Herman (director)
- Director appointment, SERAFIN Maryline Dominique (director)
- Director appointment, JANSSENS Jo (director)
- General meeting, 4 november 2025
- Auditor appointment, BV FORVIS MAZARS Bedrijfsrevisoren
- Share issue, inschrijvingsrechten, uitgifte van inschrijvingsrechten
2025
31-12
Financial
Equity above €5mEq €6.5m ▲119%
7 profitable years in a row build equity to €6.5m.
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €301,678 ▼54.7%
Net result drops to €301,678, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
22-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 25 acts read
About the unread acts
Of the 25 Belgian State Gazette acts we know for this company, 1 has been read. The other 24 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26320000). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Jo Janssens
CurrentDirector · since 16-06-2025
SERAFIN Maryline Dominique
CurrentDirector · since 30-03-2026
Herman Bruyland
CurrentDirector
Statutory auditor 1
Forvis Mazars Réviseurs d’Entreprises
CurrentAuditor · since 30-03-2026 · perm. rep.: Marichal Kurt
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
24 of this company's 25 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 1995
Ground area
5.6 ha
Building footprint
2.3 ha
Volume, LiDAR
252,228 m³
Parcel 12392A0300/00C000, Flanders · tallest building 20.8 m, ±3 floors. Linked by address, not a title deed.
68
companies at this address
See who is registered here
1 establishment unit
Duwijckstraat 17, 2500 Lier
since 19952.073.360.350
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0300/00C000 | Flanders | 5.6 ha | 1 · 2.3 ha | 20.8 m · 3 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.
Mandate history
4 people since 2025, 4 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Jo Janssens |
|
| Herman Bruyland |
|
| SERAFIN Maryline Dominique |
|
| Forvis Mazars Réviseurs d’Entreprises |
|
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
35.22%
Holdings 1
-
0.02%
According to the annual accounts to 30-06-2023 of Creafin and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,329 EUR awarded · 1,329 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 228 EUR | 228 EUR |
| 2024 | 1 | 683 EUR | 683 EUR |
| 2023 | 1 | 374 EUR | 374 EUR |
| 2022 | 1 | 44 EUR | 44 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900EKU03DL63N9H64
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Of 93 companies in sector 64922 we hold annual accounts for 75. 39 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-07-1995
Fiscal year end31-12
Activities, NACEBEL 2025
64922Financial service activities, except insurance and pension funding
64999Other financial services
65112Insurance, reinsurance and pension funding, except compulsory social security
65122Insurance, reinsurance and pension funding, except compulsory social security
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455731338
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.