CREASULT
ActiveCREASULT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €395k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 1994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+6
Solvency97▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 1.61 in 2024; short-term debt: 17.4% and cash: 14.7% of total assets), and 28.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.6%
Return on assets
20.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d early
2023
69 d early
2022
42 d early
2021
3 d early
2020
1 d late
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.39M▲ 39.9%
2024 · €991k
2019: €634k
2020: €738k
2021: €805k
2022: €648k
2023: €788k
2024: €991k
2019 → 2025
Total assets
€1.94M▲ 2.0%
2024 · €1.90M
2019: €708k
2020: €1.07M
2021: €1.14M
2022: €1.19M
2023: €1.54M
2024: €1.90M
2019 → 2025
Net result
€395k▲ 32.0%
2024 · €299k
2019: €109k
2020: €103k
2021: €68k
2022: €118k
2023: €140k
2024: €299k
2019 → 2025
Working capital
€660k▲ 71.6%
2024 · €385k
2019: €444k
2020: €608k
2021: €520k
2022: €334k
2023: €305k
2024: €385k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€805k-€648k▼ 19.5%€788k▲ 21.5%€991k▲ 25.8%€1.39M▲ 39.9%
Operating result€110k-€153k▲ 40.0%€194k▲ 26.6%€404k▲ 108%€566k▲ 39.9%
Net result€68k-€118k▲ 73.9%€140k▲ 18.7%€299k▲ 114%€395k▲ 32.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€940k▲ 6.1%
Current assets
€997k▼ 1.6%
Equity and liabilities €1.94M
Equity
€1.39M▲ 39.9%
Debt
€551k▼ 39.4%
The debt ratio falls from 47.8% to 28.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€579k▲
2024 · €422k
Cash flow
€409k▲
2024 · €317k
Solvency
71.6%▲
2024 · 52.2%
Current ratio
2.96▲
2024 · 1.61
Quick ratio
2.96▲
2024 · 1.61
Debt / equity
0.40▼
2024 · 0.92
ROE
28.5%▼
2024 · 30.2%
ROA
20.4%▲
2024 · 15.8%
Interest coverage
34.25▲
2024 · 18.25
Debt
€551k▼
2024 · €908k
Debt ≤ 1 year
€337k▼
2024 · €628k
Debt > 1 year
€214k▼
2024 · €279k
Income taxes
€181k▲
2024 · €109k
Staff costs
€64k▲
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.90M€1.94M▲
Fixed assets21/28€886k€940k▲
Tangible fixed assets22/27€403k€457k▲
Land and buildings22€109k€109k=
Plant, machinery and equipment23€466€2k▲
Furniture and vehicles24€0-
Other tangible fixed assets26€293k€345k▲
Financial fixed assets28€483k€483k▲
Current assets29/58€1.01M€997k▼
Amounts receivable after more than one year29€733k€672k▼
Other amounts receivable291€733k€672k▼
Amounts receivable within one year40/41€249k€38k▼
Trade receivables40€169k€38k▼
Other amounts receivable41€80k€0▼
Cash at bank and in hand54/58€30k€285k▲
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.94M▲
Equity10/15€991k€1.39M▲
Contributions10/11€19k€19k=
Reserves13€972k€1.37M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€5k€5k=
Distributable reserves133€968k€1.36M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€908k€551k▼
Amounts payable after more than one year17€279k€214k▼
Financial debts170/4€279k€214k▼
Amounts payable within one year42/48€628k€337k▼
Current portion of amounts payable after more than one year42€64k€66k▲
Financial debts43€17k€34k▲
Credit institutions430/8€17k€34k▲
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Advances received on contracts in progress46€63k€21k▼
Taxes, remuneration and social security45€88k€92k▲
Taxes450/3€88k€92k▲
Other amounts payable47/48€387k€122k▼
Income statement
Code20242025
Remuneration, social security and pensions62€35k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€13k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€30k€8k▼
Gross operating margin9900€487k€651k▲
Operating profit (loss)9901€404k€566k▲
Financial income75/76B€27k€27k▲
Recurring financial income75€27k€27k▲
Financial charges65/66B€23k€17k▼
Recurring financial charges65€23k€17k▼
Profit (loss) for the period before taxes9903€408k€576k▲
Income taxes67/77€109k€181k▲
Profit (loss) for the period9904€299k€395k▲
Profit (loss) for the period to be appropriated9905€299k€395k▲
Appropriation of the result
Profit (loss) to be appropriated9906€299k€395k▲
Transfer from equity791/2€96k€0▼
Transfer to equity691/2€299k€395k▲
To other reserves6921€299k€395k▲
Profit to be distributed694/7€96k€0▼
Return on contributions (dividend)694€96k€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
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €395k ▲32%
Operating result €566k, net result €395k, both a record.
30-06
Financial
Equity above €1MEq €1.39M ▲39.9%
7 profitable years in a row build equity to €1.39M.
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €68k ▼34.5%
Net result drops to €68k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Registered office, Oostende · 1 establishment unit since 2002
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.
Sleutelbloemlaan 28400 OostendeGround area
636 m²
Building footprint
111 m²
Volume, LiDAR
597 m³
Parcel 35020B0266/00C000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sleutelbloemlaan 2, 8400 Oostende
since 20022.115.611.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0266/00C000 | Flanders | 636 m² | 1 · 111 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 272 EUR awarded · 272 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 56 EUR | 56 EUR |
| 2022 | 1 | 216 EUR | 216 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,561. 2,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2002
Fiscal year end30-06
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
71209Other technical testing and analysis
74302
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.