CREAFUND MANAGEMENT
ActiveCREAFUND MANAGEMENT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126k and a net result of €25k. Equity is shrinking by ~17.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 39% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
66
/ 100
Healthy▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+42
Solvency60▼-9
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.75 in 2023), and 54.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 70
lower
← 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
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
54 d early
2022
21 d late
2021
41 d early
2020
23 d late
2019
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€126k▼ 30.5%
2023 · €181k
2018: €523k
2019: €424k
2020: €351k
2021: €360k
2022: €240k
2023: €181k
2018 → 2024
Total assets
€276k▼ 18.1%
2023 · €337k
2018: €543k
2019: €484k
2020: €374k
2021: €383k
2022: €277k
2023: €337k
2018 → 2024
Net result
€25k▲ 20.8%
2023 · €21k
2018: €21k
2019: €-99k
2020: €-74k
2021: €-7k
2022: €-120k
2023: €21k
2018 → 2024
Working capital
€-51k▼ 52.8%
2023 · €-33k
2018: €177k
2019: €82k
2020: €27k
2021: €72k
2022: €-31k
2023: €-33k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€351k-€360k▲ 2.7%€240k▼ 33.3%€181k▼ 24.7%€126k▼ 30.5%
Operating result€-73k-€-9k▲ 88.4%€-116k▼ 1,262%€20k€27k▲ 30.5%
Net result€-74k-€-7k▲ 90.4%€-120k▼ 1,600%€21k€25k▲ 20.8%
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 30% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €276k
Fixed assets
€193k▼ 18.4%
Current assets
€83k▼ 17.4%
Equity and liabilities €276k
Equity
€126k▼ 30.5%
Debt
€150k▼ 3.8%
The debt ratio rises from 46.4% to 54.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€70k▲
2023 · €61k
Cash flow
€68k▲
2023 · €61k
Solvency
45.5%▼
2023 · 53.6%
Current ratio
0.62▼
2023 · 0.75
Quick ratio
0.62▼
2023 · 0.75
Debt / equity
1.20▲
2023 · 0.86
ROE
19.9%▲
2023 · 11.4%
ROA
9.0%▲
2023 · 6.1%
Interest coverage
43.31▲
2023 · 38.44
Debt
€150k▼
2023 · €156k
Debt ≤ 1 year
€134k=
2023 · €134k
Debt > 1 year
€16k▼
2023 · €22k
Income taxes
€174▲
2023 · €81
Staff costs
€96k▼
2023 · €103k
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€337k€276k▼
Fixed assets21/28€236k€193k▼
Tangible fixed assets22/27€235k€192k▼
Land and buildings22€198k€149k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€34k€41k▲
Financial fixed assets28€578€578=
Current assets29/58€101k€83k▼
Amounts receivable within one year40/41€6k€10k▲
Trade receivables40€6k€4k▼
Other amounts receivable41€0€7k▲
Cash at bank and in hand54/58€93k€69k▼
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€337k€276k▼
Equity10/15€181k€126k▼
Contributions10/11€61k€61k=
Capital10€61k€61k=
Issued capital100€137k€137k=
Uncalled capital101€76k€76k=
Reserves13€163k€64k▼
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Distributable reserves133€149k€51k▼
Profit (loss) carried forward14€-43k-
Amounts payable17/49€156k€150k▼
Amounts payable after more than one year17€22k€16k▼
Financial debts170/4€22k€16k▼
Amounts payable within one year42/48€134k€134k=
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€10k€25k▲
Suppliers440/4€10k€25k▲
Taxes, remuneration and social security45€38k€23k▼
Taxes450/3€21k€11k▼
Remuneration and social security454/9€17k€12k▼
Other amounts payable47/48€80k€80k=
Income statement
Code20232024
Remuneration, social security and pensions62€103k€96k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€43k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€167k€169k▲
Operating profit (loss)9901€20k€27k▲
Financial income75/76B€2k€27▼
Recurring financial income75€2k€27▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€21k€25k▲
Income taxes67/77€81€174▲
Profit (loss) for the period9904€21k€25k▲
Profit (loss) for the period to be appropriated9905€21k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-18k▲
Profit (loss) brought forward from the previous period14P€-64k€-43k▲
Transfer from equity791/2€80k€98k▲
Profit to be distributed694/7€80k€80k=
Return on contributions (dividend)694€80k-
Directors or managers695-€80k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €25k ▲20.8%
Operating result €27k, net result €25k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after 4 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Weakest financial yearnet €-120k
Net result drops to €-120k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
09-10
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
29-09
State Gazette act
General meeting · Capital decrease
Capital · Statutes amendment · Erika Redel
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
16-02
State Gazette act
General meeting · Statutes amendment
Director resignation · Director reappointment
16-02
State Gazette act
General meeting · Capital
Statutes amendment · Director resignation
2015
16-06
State Gazette act
General meeting · Director appointment
Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-12-2019
Gino Schepens: Resigned as Managing director
20-12-2019
WIELFAERT, Herman Wielfaert: Resigned as Director
01-04-2019
H&H Capital Management bvba: Resigned as Director
18-05-2018
IFC services BVBA: Resigned as Director
20-06-2016
WOODROW & BLUM: Resigned as Director
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maenhoutstraat 779830 Sint-Martens-LatemGround area
1,219 m²
Building footprint
333 m²
Volume, LiDAR
1,263 m³
Parcel 44064B0425/00V000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Maenhoutstraat 77, 9830 Sint-Martens-Latem
since 20022.095.625.513
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0425/00V000 | Flanders | 1,219 m² | 1 · 333 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Ownership & control
2 partiesCREAFUND MANAGEMENTBE 0476.400.157
controls
Where this company holds controlthis company sits on their board2
1 subsidiary · 1 location
1 location
Similar companies · same sector, comparable size
MINIMUM
BE 0435.393.903
Brussel · Eq €126k
Globis Consulting
BE 0467.169.024
Oudsbergen · Eq €126k
Van Bladel IP Consulting
BE 0822.744.595
Gent · Eq €126k
Agro Pluimvee Consult
BE 1016.962.747
Brecht · Eq €126k
BOUTAY
BE 1015.541.894
Manhay · Eq €125k
Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 40,705 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-2001
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:assistant@creafund.be