CREANO
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-07-2025, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
12 d early
2022
18 d early
2021
2 d early
2020
5 d early
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema, statutory accounts
Turnover
€721,167▲ 15.1%
2023 · €626,496
EBIT margin
4.8%▼ 0.1pp
2023 · 4.8%
Net result
€2.1m▲ 71.3%
2023 · €1.2m
Working capital
€20.7m=
2023 · €20.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€640,735▲ 1.8%€649,719▲ 1.4%€518,058▼ 20.3%€626,496▲ 20.9%€721,167▲ 15.1%
Operating result€49,651▲ 83.1%€93,066▲ 87.4%€19,976▼ 78.5%€30,146▲ 50.9%€34,341▲ 13.9%
Net result€6.1m▲ 67.7%€1.5m▼ 74.8%€3.2m▲ 109%€1.2m▼ 61.0%€2.1m▲ 71.3%
EBIT margin7.7%▲ 3.4pp14.3%▲ 6.6pp3.9%▼ 10.5pp4.8%▲ 1.0pp4.8%▼ 0.1pp
Equity€43.8m▲ 11.2%€43.8m=€43.8m=€43.8m=€43.8m=
Total assets€43.9m▲ 8.9%€45.6m▲ 3.8%€47.2m▲ 3.6%€48.5m▲ 2.9%€47.9m▼ 1.4%
Debt€131,094▼ 85.8%€1.8m▲ 1,262%€3.4m▲ 90.7%€4.8m▲ 39.6%€4.1m▼ 13.9%
Working capital€20.7m▲ 0.3%€20.7m=€20.7m=€20.7m=€20.7m=
Staff (FTE)5.5▼ 32.9%5.6▲ 1.8%4.9▼ 12.5%5.8▲ 18.4%4.8▼ 17.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 14% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47.9m
Fixed assets
€23.0m =
Current assets
€24.8m ▼ 2.6%
Equity and liabilities €47.9m
Equity
€43.8m =
Debt
€4.1m ▼ 13.9%
Debt's share of the balance-sheet total falls from 9.8% to 8.5%. Debt is lower.
Key figures and ratios
EBITDA
€35,393▲
2023 · €31,045
Cash flow
€2.1m▲
2023 · €1.2m
Current ratio
6.07▲
2023 · 5.36
Debt to equity
0.09▼
2023 · 0.11
ROE
4.9%▲
2023 · 2.8%
ROA
4.5%▲
2023 · 2.6%
Interest coverage
0.20▼
2023 · 0.81
Debt ≤ 1 year
€4.1m▼
2023 · €4.8m
Income taxes
€262,372▲
2023 · €126,369
Staff costs
€494,481▲
2023 · €444,139
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €651,490 | €520,645 | €634,820 | €723,294 | ▲ 13.9% |
| Turnover70 | €640,735 | €649,719 | €518,058 | €626,496 | €721,167 | ▲ 15.1% |
| Other operating income74 | - | €1,771 | €2,586 | €6,745 | €2,127 | ▼ 68.5% |
| Non-recurring operating income76A | - | - | - | €1,579 | - | - |
| Operating charges60/66A | - | €558,424 | €500,669 | €604,673 | €688,953 | ▲ 13.9% |
| Services and other goods61 | - | €105,865 | €129,446 | €157,491 | €192,335 | ▲ 22.1% |
| Remuneration, social security and pensions62 | - | €450,488 | €369,030 | €444,139 | €494,481 | ▲ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €204 | €394 | €394 | €898 | €1,051 | ▲ 17.1% |
| Other operating charges640/8 | - | €1,677 | €1,799 | €2,146 | €1,085 | ▼ 49.4% |
| Operating profit (loss)9901 | €49,651 | €93,066 | €19,976 | €30,146 | €34,341 | ▲ 13.9% |
| Financial income75/76B | - | €1.5m | €3.2m | €1.4m | €2.5m | ▲ 83.7% |
| Recurring financial income75 | €6.0m | €1.5m | €3.2m | €1.4m | €2.5m | ▲ 83.7% |
| Income from financial fixed assets750 | - | €1.5m | €3.1m | €1.4m | €2.5m | ▲ 83.7% |
| Income from current assets751 | - | - | €136,219 | - | - | - |
| Other financial income752/9 | - | €17 | €0 | - | €0 | - |
| Financial charges65/66B | - | €86,877 | €34,187 | €39,890 | €176,298 | ▲ 342% |
| Recurring financial charges65 | €34,840 | €86,877 | €34,187 | €39,890 | €176,298 | ▲ 342% |
| Debt charges650 | €32,725 | €85,403 | €32,802 | €38,339 | €174,750 | ▲ 356% |
| Other financial charges652/9 | - | €1,474 | €1,385 | €1,551 | €1,548 | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €6.1m | €1.5m | €3.2m | €1.4m | €2.4m | ▲ 74.7% |
| Income taxes67/77 | €2,656 | €3,115 | €35,289 | €126,369 | €262,372 | ▲ 108% |
| Taxes670/3 | - | €3,117 | €35,289 | €127,453 | €262,372 | ▲ 106% |
| Tax adjustments and reversals of tax provisions77 | - | €3 | - | €1,085 | - | - |
| Profit (loss) for the period9904 | €6.1m | €1.5m | €3.2m | €1.2m | €2.1m | ▲ 71.3% |
| Profit (loss) for the period to be appropriated9905 | €6.1m | €1.5m | €3.2m | €1.2m | €2.1m | ▲ 71.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43.9m | €45.6m | €47.2m | €48.5m | €47.9m | ▼ 1.4% |
| Fixed assets21/28 | €23.0m | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Intangible fixed assets21 | €977 | €583 | €190 | €2,446 | €1,395 | ▼ 43.0% |
| Financial fixed assets28 | €23.0m | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Affiliated companies280/1 | - | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Participating interests280 | - | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Current assets29/58 | €20.9m | €22.5m | €24.1m | €25.5m | €24.8m | ▼ 2.6% |
| Amounts receivable after more than one year29 | - | - | - | €2.2m | €1.9m | ▼ 14.3% |
| Other amounts receivable291 | - | - | - | €2.2m | €1.9m | ▼ 14.3% |
| Amounts receivable within one year40/41 | €68,476 | €51,754 | €22.2m | €21.3m | €22.2m | ▲ 4.2% |
| Trade receivables40 | - | €19,576 | €149,005 | €976,383 | €1.8m | ▲ 88.4% |
| Other amounts receivable41 | - | €32,179 | €22.0m | €20.4m | €20.4m | ▲ 0.1% |
| Cash at bank and in hand54/58 | €20.8m | €22.5m | €2.0m | €2.0m | €716,419 | ▼ 63.4% |
| Deferred charges and accrued income490/1 | - | €5,331 | €6,025 | €2,346 | €4,634 | ▲ 97.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43.9m | €45.6m | €47.2m | €48.5m | €47.9m | ▼ 1.4% |
| Equity10/15 | €43.8m | €43.8m | €43.8m | €43.8m | €43.8m | = |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €42.3m | €42.3m | €42.3m | €42.3m | €42.3m | = |
| Non-distributable reserves130/1 | - | €148,984 | €148,984 | €148,984 | €148,984 | = |
| Legal reserve130 | - | €148,984 | €148,984 | €148,984 | €148,984 | = |
| Distributable reserves133 | - | €42.1m | €42.1m | €42.1m | €42.1m | = |
| Profit (loss) carried forward14 | €12,159 | €12,159 | €12,159 | €12,159 | €12,159 | = |
| Amounts payable17/49 | €131,094 | €1.8m | €3.4m | €4.8m | €4.1m | ▼ 13.9% |
| Amounts payable within one year42/48 | €131,094 | €1.8m | €3.4m | €4.8m | €4.1m | ▼ 13.9% |
| Trade debts44 | €64,322 | €201,798 | €152,697 | €126,721 | €43,922 | ▼ 65.3% |
| Suppliers440/4 | - | €201,798 | €152,697 | €126,721 | €43,922 | ▼ 65.3% |
| Taxes, remuneration and social security45 | - | €55,141 | €59,584 | €149,136 | €236,338 | ▲ 58.5% |
| Taxes450/3 | - | €6,539 | €10,062 | €98,006 | €184,448 | ▲ 88.2% |
| Remuneration and social security454/9 | - | €48,602 | €49,522 | €51,130 | €51,890 | ▲ 1.5% |
| Other amounts payable47/48 | - | €1.5m | €3.2m | €4.5m | €3.8m | ▼ 14.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6.1m | €1.5m | €3.2m | €1.2m | €2.1m | ▲ 71.3% |
| + Depreciation and write-downs630 | €204 | €394 | €394 | €898 | €1,051 | ▲ 17.1% |
| Operating cash flow (approximation) | €6.1m | €1.5m | €3.2m | €1.2m | €2.1m | ▲ 71.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,155 | €0 | ▲ 100% |
| Change in cash | - | €1.7m | -€20.5m | -€23,026 | -€1.2m | ▼ 5,289% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €6.1m ▲67.7%
Net result €6.1m, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 159.19
Current ratio from 23.39 to 159.19; short-term debt falls from €923,270 to €131,094.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
31-12
Financial
Equity above €25mEq €39.4m ▲73.3%
2 profitable years in a row build equity to €39.4m.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 1
-
100%
Stated earlier (2)
An older source named these holdings; newer accounts no longer list them.
-
100%
-
100%
According to the 2024 annual accounts of CREANO 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
No current directors or connected companies found in the register.