Equity
€421,587 ▲ 60.8%
Equity rose in 2025 from €262,217 to €421,587.
CREAH
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €334,163 (2012)
€70,517▲ 48.7%
lowest -€129,957 (2010)
€159,370▲ 15.1%
peak €654,779 (2006)
€421,587▲ 60.8%
€2.7m▼ 16.8%
peak 4.9 FTE (2010)
-not published
Board7 names since 2021
6 directorsCharick and 5 others
Owners
45.56%Charick
Documentsfilings and deeds
16-02-202643 days before the deadline
2025micro format
Gross margin from €47,432 to €70,517Equity from €262,217 to €421,587Debts from €3.2m to €2.7m
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 35% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.1%▼ -0.2 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €421,587 (13.7% of total assets)
lowers risk
Size: total assets €3.1m
Figures for financial year 2025 (filed on 17-02-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 16% of them on solvency, 3% on liquidity, 32% on profitability and 90% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-08-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as CREAH has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of CREAH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for CREAH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.72 in 2024), below 1. Short-term debt is 86.3% and cash 2.3% of total assets. 86.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 39360 sector peers (2025).
NBB · sector comparisonPosition among 39360 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €421,587
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 16-02-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
3 days early
2023
48 days early
2022
2 days early
2021
1 day early
2020
61 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 28 March (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-08-2026 year end08-11-2026 today31-03-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448176919
Amendment of the articles
General meeting of 07-12-2023 · Gazette deed
1 director resigning, 6 reappointments
Resignation: Vlerick Charlotte · Permanent representative: Vlerick Charlotte · Reappointments: Vanden Avenne Harold, Charick, Joanne Vanden Avenne, Lynn-Marie Vanden Avenne, Emma Vanden Avenne and Elodie Vanden Avenne · Board meeting of 14-12-2021 · Gazette deed
First establishment
Wolvenstraat 21, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CREAH Kortrijk | €3.1m | €70,517 | 13.7% | - |
| DUBACO Tielt | €3.4m | €84,450 | 97.3% | 0 |
| Bedrijfs - Informatica Management en Advies Waregem | €2.6m | €80,705 | 94.6% | - |
| BENSIRAJ Edegem | €2.9m | €67,626 | 1.1% | - |
| P.W. CONSULTING Vorselaar | €2.8m | €62,519 | 44.7% | 0.5 |
| GLOBIMMO Ghent | €3.0m | €71,802 | 83.5% | - |
| LOBEMA Lochristi | €2.9m | €60,911 | 90.1% | - |
These companies have the same main activity as CREAH: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.6m and €3.4m, founded between 1988 and 1994.
Official details
Source: KBO- Status
- Active since 04-09-1992Normal situation
- Registered office
- 12 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.060.726.3968500 Kortrijk, since 15-02-1993
- Financial year end
- 31 August
- Peppol
- Reachable since 04-02-2026
Annual accounts to 31-08-2025
- ≈ €140,000estimated
- €3.1m▼ 10.9%
- Filing
- Filed on 16-02-2026, 43 days before the end of the filing period
Insights on CREAH
CREAH files the micro format. That format states no turnover. The gross margin fell from €94,784 in 2006 to €70,517 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CREAH
- What is the company number of CREAH?
- The company number of CREAH is 0448.176.919. The VAT number is the same number with BE in front: BE 0448.176.919.
- Where is CREAH based?
- The registered office is at Wolvenstraat 21 Z, 8500 Kortrijk.Company details
- What does CREAH do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CREAH?
- CREAH is a public limited company (NV).
- When was CREAH founded?
- CREAH was founded on 04-09-1992.
- Is CREAH still active?
- Yes, CREAH is an active enterprise in the KBO register.
- What is the turnover of CREAH?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €70,517 and 120 comparable companies (NACE 70200). It probably lies between €110,000 and €180,000.Financials
- Is CREAH profitable?
- In financial year 2025, CREAH made a profit of €159,370.
- Where can I find the annual accounts of CREAH?
- CREAH filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CREAH due?
- CREAH must file the annual accounts for financial year 2026 by 31-03-2027.Timeline
Next steps
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