CREAMAGNA
ActiveSummary
The computed 12-month bankruptcy probability of CREAMAGNA is 2.9% (moderate). The 2024 annual accounts show equity of €8,326 and a net result of -€4,870. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 64% of 26038 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Other non-specialised retail sale
NACE 47120Intermediation services for non-specialised retail NACE 47910
1 site
How big
€9,382turnover 2024
- Equity
- €8,326
- Loss
- -€4,870
Who decides
Accounts 62 d overdue0 of 1 deed read
Why 46- Limited track record- Annual accounts: weaker financial profile- Higher-failure-rate sector- Higher-failure-rate regionFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-63
Solvency74▼-19
Growth35=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49%
Return on assets
-28.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
111 d late
2022
310 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 119 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€4,870
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2024Turnover €9,382Loss -€4,870Solvency 49.0%Liquidity 1.82
Turnover
€9,382▼ 56.0%
2021 - 2024
Net result
-€4,870▼ 9,089%
2021 - 2024
Equity
€8,326▼ 36.9%
2021 - 2024
Solvency
49.0%▼ 18.6pp
2021 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€40,683-€33,049▼ 18.8%€21,316▼ 35.5%€9,382▼ 56.0%
Operating result€3,150-€6,687▲ 112%€75▼ 98.9%-€2,509
Net result€2,054within the sector's middle half-€5,195within the sector's middle half▲ 153%-€53within the sector's middle half-€4,870below the sector's middle half▼ 9,089%
EBIT margin7.7%-20.2%▲ 12.5pp0.4%▼ 19.9pp-26.7%▼ 27.1pp
Equity€8,054within the sector's middle half-€13,249within the sector's middle half▲ 64.5%€13,196within the sector's middle half▼ 0.4%€8,326within the sector's middle half▼ 36.9%
Total assets€16,634below the sector's middle half-€19,888below the sector's middle half▲ 19.6%€19,520below the sector's middle half▼ 1.9%€16,981below the sector's middle half▼ 13.0%
Debt€8,580-€6,639▼ 22.6%€6,324▼ 4.7%€8,655▲ 36.9%
Working capital€1,874within the sector's middle half-€8,735within the sector's middle half▲ 366%€10,307within the sector's middle half▲ 18.0%€7,102within the sector's middle half▼ 31.1%
Solvency48.4%within the sector's middle half-66.6%above the sector's middle half▲ 18.2pp67.6%above the sector's middle half▲ 1.0pp49.0%within the sector's middle half▼ 18.6pp
Current ratio1.22within the sector's middle half-2.32within the sector's middle half▲ 1.102.63within the sector's middle half▲ 0.311.82within the sector's middle half▼ 0.81
Return on assets (ROA)12.3%within the sector's middle half-26.1%above the sector's middle half▲ 13.8pp-0.3%within the sector's middle half▼ 26.4pp-28.7%below the sector's middle half▼ 28.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,509 after €75 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16,981
Fixed assets
€1,224 ▼ 57.6%
Current assets
€15,757 ▼ 5.3%
Equity and liabilities €16,981
Equity
€8,326 ▼ 36.9%
Debt
€8,655 ▲ 36.9%
Debt's share of the balance-sheet total rises from 32.4% to 51.0%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€844▼
2023 · €1,700
Cash flow
-€3,205▼
2023 · €1,572
Debt to equity
1.04▲
2023 · 0.48
ROE
-58.5%▼
2023 · -0.4%
Interest coverage
-8.88▼
2023 · 18.28
Debt ≤ 1 year
€8,655▲
2023 · €6,324
Income taxes
€2,266▲
2023 · €35
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €40,683 | €33,049 | €21,316 | €9,382 | ▼ 56.0% |
| Non-recurring operating income76A | - | - | - | €50 | - |
| Goods, raw materials, services and sundry goods60/61 | €35,330 | €24,595 | €19,466 | €9,859 | ▼ 49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,148 | €1,666 | €1,625 | €1,665 | ▲ 2.5% |
| Other operating charges640/8 | €55 | €100 | €150 | €417 | ▲ 178% |
| Gross operating margin9900 | €5,353 | €8,453 | €1,850 | -€427 | ▼ 123% |
| Operating profit (loss)9901 | €3,150 | €6,687 | €75 | -€2,509 | ▼ 3,445% |
| Financial charges65/66B | €583 | €161 | €93 | €95 | ▲ 2.2% |
| Recurring financial charges65 | €583 | €161 | €93 | €95 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €2,567 | €6,526 | -€18 | -€2,604 | ▼ 14,367% |
| Income taxes67/77 | €513 | €1,331 | €35 | €2,266 | ▲ 6,374% |
| Profit (loss) for the period9904 | €2,054 | €5,195 | -€53 | -€4,870 | ▼ 9,089% |
| Profit (loss) for the period to be appropriated9905 | €2,054 | €5,195 | -€53 | -€4,870 | ▼ 9,089% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €16,634 | €19,888 | €19,520 | €16,981 | ▼ 13.0% |
| Fixed assets21/28 | €6,180 | €4,514 | €2,889 | €1,224 | ▼ 57.6% |
| Intangible fixed assets21 | €4,800 | €3,600 | €2,400 | €1,200 | ▼ 50.0% |
| Tangible fixed assets22/27 | €1,380 | €914 | €489 | €24 | ▼ 95.1% |
| Plant, machinery and equipment23 | €1,380 | €914 | €489 | €24 | ▼ 95.1% |
| Current assets29/58 | €10,454 | €15,374 | €16,631 | €15,757 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €1,879 | €8,195 | €7,299 | €7,615 | ▲ 4.3% |
| Trade receivables40 | - | €3,023 | €798 | €891 | ▲ 11.7% |
| Other amounts receivable41 | €1,879 | €5,172 | €6,501 | €6,724 | ▲ 3.4% |
| Cash at bank and in hand54/58 | €8,575 | €7,179 | €9,332 | €8,142 | ▼ 12.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €16,634 | €19,888 | €19,520 | €16,981 | ▼ 13.0% |
| Equity10/15 | €8,054 | €13,249 | €13,196 | €8,326 | ▼ 36.9% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €2,054 | €7,249 | €7,196 | €2,326 | ▼ 67.7% |
| Amounts payable17/49 | €8,580 | €6,639 | €6,324 | €8,655 | ▲ 36.9% |
| Amounts payable within one year42/48 | €8,580 | €6,639 | €6,324 | €8,655 | ▲ 36.9% |
| Trade debts44 | €8,067 | €3,658 | €3,891 | €7,517 | ▲ 93.2% |
| Suppliers440/4 | €8,067 | €3,658 | €3,891 | €7,517 | ▲ 93.2% |
| Taxes, remuneration and social security45 | €513 | €1,810 | €1,331 | - | - |
| Taxes450/3 | €513 | €1,810 | €1,331 | - | - |
| Other amounts payable47/48 | - | €1,171 | €1,102 | €1,138 | ▲ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,054 | €5,195 | -€53 | -€4,870 | ▼ 9,089% |
| + Depreciation and write-downs630 | €2,148 | €1,666 | €1,625 | €1,665 | ▲ 2.5% |
| Operating cash flow (approximation) | €4,202 | €6,861 | €1,572 | -€3,205 | ▼ 304% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€1,396 | €2,153 | -€1,190 | ▼ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Le Ravage
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Tellement Chat
BE 1003.211.216
Jodoigne · Eq €8,390
KOOL LIFE
BE 0771.980.735
Anderlecht · Eq €8,227
LJ-commerce
BE 0745.989.485
Lanaken · Eq €8,432
Of 12,927 companies in this sector we hold annual accounts for 2,195. 1,171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
6 eventsLatest 25-08-2025
History
Acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€4,870
Net result drops to -€4,870, the lowest in the series.
19-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 111 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 310 days late
2022
31-12
Financial
Highest result since 2021net €5,195 ▲153%
Operating result €6,687, net result €5,195, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 27-05-2020Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded27-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-mail
vincent.lebrun@etik.com
Phone
+32478227518
Phone
0478227518Nivelles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747657093
Also
9925:BE0747657093
Registered
07-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2020
Ground area
360 m²
Building footprint
51 m²
Parcel 25782C0328/00X005, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CREAMAGNA
since 2020unit no. 2.302.902.833
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0328/00X005 | Wallonia | 360 m² | 1 · 51 m² | - |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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