Equity
-€11,081
Debts exceed assets in financial year 2025.
CREALEC
Lifetime
18 annual accounts with figures on one time axispeak €70,228 (2019)
-€19,101▼ €31,946
lowest -€37,553 (2025)
-€37,553▼ €32,668
peak €35,458 (2010)
-€11,081▼ €37,553
€87,319▲ 6.1%
peak 1 FTE (2017)
-not published
Board1 name since 2007
1 directorFRANS Erik
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €12,845 to -€19,101Loss of €37,553Equity from €26,471 to -€11,081
Key points
from the 2025 annual accountsLosses
-€42,437 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€87,319 115% of the balance sheet
Financial debts 24%Suppliers 4%Taxes and wages 1%Other 72%
Of this, €66,568 falls due within a year.
Liquidity
0.54 was 1.45 in 2024
Short-term debts rose from €51,567 to €66,568.
Filings
18 annual accounts since 2008
Five of the last ten came late. The 2018 accounts came latest: 28 days after the end of the period.
Position in the sector
-€37,553
Lower net result than 95% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 6% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 8 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 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points 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%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 0.8%● unchanged vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €37,553, the second in a row (financial year 2025)
Negative equity -€11,081
lowers risk
Size: total assets €76,238
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
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 71, micro). It does better than 7% of them on solvency, 9% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 6,907 companies had the same profile as CREALEC has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CREALEC itself is lower: 0.8% within 12 months. It rests on far more data about CREALEC than the profile alone.
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 6,907 companies, not a prediction for CREALEC. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.54 (1.45 in 2024), below 1. Short-term debt is 87.3% and cash 16.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€11,081
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
9 days early
2023
6 days early
2022
3 days early
2021
22 days late
2020
8 days early
2019
24 days late
← 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 2 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894270417
Change of role: FRANS Erik, from manager to director
“Alle sanitaire inrichtingen, lood- en zinkwerk, boringen, peilingen, uitdiepen, riolerings- en…” (deed in Dutch) · General meeting of 10-10-2022 · Gazette deed
Incorporation
published on 27-12-2007 · Gazette deed
First establishment
Burgemeester Hensstraat 22, Lier
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CREALEC Lier | €76,238 | -€19,101 | -14.5% | - |
| TARGO Antwerp | €75,423 | -€4,093 | 53.1% | 0 |
| CCS ELECTRONICS Kasterlee | €63,752 | -€237 | 72.9% | - |
| DIVA Oosterzele | €79,619 | -€2,237 | 95.9% | - |
| JCiP Lokeren | €67,783 | -€10,415 | 44.2% | - |
| L.E.A.F. MANAGEMENT Hamme (Vl.) | €88,230 | -€20,051 | 62.5% | - |
| AD'WISE Villers-le-Bouillet | €65,921 | -€6,495 | 74.0% | - |
These companies have the same main activity as CREALEC: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €63,800 and €88,200, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 10-12-2007Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 4 others
- Establishment unit
- 2.168.805.2812500 Lier, since 10-12-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Annual accounts 2025
- €76,238▼ 29.9%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on CREALEC
CREALEC files the micro format. That format states no turnover. The gross margin fell from €66,893 in 2008 to -€19,101 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 CREALEC
- What is the company number of CREALEC?
- The company number of CREALEC is 0894.270.417. The VAT number is the same number with BE in front: BE 0894.270.417.
- Where is CREALEC based?
- The registered office is at Burgemeester Hensstraat 22, 2500 Lier.Company details
- What does CREALEC do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of CREALEC?
- CREALEC is a private limited company (BV).
- When was CREALEC founded?
- CREALEC was founded on 10-12-2007.
- Is CREALEC still active?
- Yes, CREALEC is an active enterprise in the KBO register.
- How many employees does CREALEC have?
- CREALEC had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of CREALEC?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is CREALEC profitable?
- In financial year 2025, CREALEC made a loss of €37,553.
- Where can I find the annual accounts of CREALEC?
- CREALEC filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CREALEC due?
- CREALEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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