CREART & CO
InactiveCREART & CO was declared bankrupt on 25-03-2024 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 12-02-2026, published in the Belgian State Gazette on 19-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-01-2024 close31-08-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 11-08-2023, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
20 d early
2022
79 d late
2021
34 d early
2020
58 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k▲ 91.9%
2022 · €-122k
2019: €11k
2020: €14k
2021: €-146k
2022: €-122k
2019 → 2023
Working capital
€-212k▼ 5.5%
2022 · €-201k
2019: €50k
2020: €68k
2021: €-78k
2022: €-201k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€54k-€68k▲ 25.9%€-78k€-200k▼ 157%€-210k▼ 4.9%
Operating result€21k-€52k▲ 147%€-145k€-120k▲ 17.2%€-7k▲ 94.4%
Net result€11k-€14k▲ 32.8%€-146k€-122k▲ 16.4%€-10k▲ 91.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2023 against €120k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €146k
Fixed assets
€7k ▼ 35.0%
Current assets
€139k ▲ 2.4%
Key figures and ratios
EBITDA
€-3k▲
2022 · €-117k
Cash flow
€-6k▲
2022 · €-118k
Solvency
-143.8%▼
2022 · -136.5%
Current ratio
0.40▼
2022 · 0.40
Quick ratio
0.38▼
2022 · 0.39
Debt to equity
-1.70▲
2022 · -1.73
ROA
-6.8%▲
2022 · -83.4%
Interest coverage
-0.94▲
2022 · -58.27
Debt
€356k▲
2022 · €347k
Debt ≤ 1 year
€351k▲
2022 · €337k
Debt > 1 year
€5k▼
2022 · €9k
Income taxes
€-1▼
2022 · €0
Staff costs
€272▼
2022 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 55 lines
Balance sheet
Code20222023
Assets
Total assets20/58€147k€146k▼
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€9k€6k▼
Leasing and similar rights25€9k€6k▼
Financial fixed assets28€1k€1k=
Current assets29/58€136k€139k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€127k€134k▲
Trade receivables40€0-
Other amounts receivable41€127k€134k▲
Current investments50/53€0-
Cash at bank and in hand54/58€3k€711▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€147k€146k▼
Equity10/15€-200k€-210k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-268k€-278k▼
Amounts payable17/49€347k€356k▲
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€337k€351k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43-€250k
Credit institutions430/8-€250k
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Advances received on contracts in progress46€1k€0▼
Taxes, remuneration and social security45€167€0▼
Taxes450/3€167€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48€323k€88k▼
Income statement
Code20222023
Non-recurring operating income76A€306€0▼
Remuneration, social security and pensions62€28k€272▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€1k€683▼
Non-recurring operating charges66A€76k€908▼
Gross operating margin9900€-11k€-1k▲
Operating profit (loss)9901€-120k€-7k▲
Financial income75/76B€49€0▼
Recurring financial income75€49€0▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-122k€-10k▲
Income taxes67/77€0€-1▼
Profit (loss) for the period9904€-122k€-10k▲
Profit (loss) for the period to be appropriated9905€-122k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-268k€-278k▼
Profit (loss) brought forward from the previous period14P€-146k€-268k▼
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · CREART ET CO SA RUE SAMBREE 30, 1490 COURT-SAINT-ETIENNE. déclarée le 25 mars 2024 · event 12-02-2026
2024
29-03
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · CREART ET CO SA RUE SAMBREE 30, 1490 COURT-SAINT-ETIENNE · event 25-03-2024
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 79 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-01
Financial
Weakest financial yearnet €-146k ▼1138%
Net result drops to €-146k, the lowest in the series.
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-05
Financial
Highest result since 2019net €14k ▲32.8%
Operating result €52k, net result €14k, both a record.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
21-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTOINE BRAUN VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
25-03-2024 → 12-02-2026 |
Recognitions · licences · registrations
Legal Entity Identifier
5493007EOQRW6YYVIV32