Creat
ActiveSummary
Creat has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €179,023. Equity is growing by about 9.1% per year across the filed financial years. Its solvency ranks better than 20% of 6,105 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €2.0m
- Profit
- €179,023
- Parent
- Farys · 69.52%
- Board
- 20 members
- Stephanie D'HOSEChair
- PORTO-CARRERO MarleenManaging director
Why 87raises riskLiquidity: current ratio 1.22, cash €118,081, halvedSector: Wholesale trade (NACE 46)lowers riskSize: turnover €50.2m, total assets €11.0mFounded in 2014Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, medium-sized): better than 22% on solvency, 8% on liquidity, 24% on profitability and 81% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 35 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignations: Hina Habib BHATTI, Kristof CORNELIS…Reappointments: GRYFFROY Andries, VAN ELSEN…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 8% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 290 companies that looked in July 2024 the way this one looks now, 0.0% went bankrupt within 24 months and 96.9% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,472 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 74.5% 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 290 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €16.4m | €19.8m | €28.1m | €41.5m | €50.2m | ▲ 20.9% |
| Turnover70 | €10.0m | €15.0m | €16.3m | €16.4m | €19.8m | €28.1m | €41.5m | €50.2m | ▲ 20.9% |
| Operating charges60/66A | - | - | - | €16.3m | €19.6m | €27.9m | €41.2m | €49.9m | ▲ 21.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €15.5m | €18.6m | €26.7m | €39.6m | €48.0m | ▲ 21.2% |
| Purchases600/8 | - | - | - | €15.5m | €18.6m | €26.7m | €39.6m | €48.0m | ▲ 21.2% |
| Services and other goods61 | - | - | - | €0.8m | €1.0m | €1.2m | €1.5m | €1.8m | ▲ 19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.07m | €0.08m | ▲ 22.0% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 10.0% |
| Operating profit (loss)9901 | €0.07m | €0.08m | €0.1m | €0.08m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 8.0% |
| Financial income75/76B | - | - | - | €0.001m | €0.001m | €0.004m | €0.003m | €0.002m | ▼ 11.4% |
| Recurring financial income75 | €0.009m | €0.003m | €0.001m | €0.001m | €0.001m | €0.003m | €0.003m | €0.002m | ▼ 11.4% |
| Income from current assets751 | - | - | - | €0.001m | €0.001m | €0.003m | €0.003m | €0.002m | ▼ 11.4% |
| Non-recurring financial income76B | - | - | - | - | - | €0.001m | - | - | - |
| Financial charges65/66B | - | - | - | €301 | €439 | €0.001m | €0.001m | €0.001m | ▲ 2.0% |
| Recurring financial charges65 | €0.005m | €0.001m | €0.001m | €301 | €439 | €0.001m | €0.001m | €0.001m | ▲ 2.0% |
| Debt charges650 | €0.005m | €0.001m | €0.001m | €301 | €439 | €0.001m | €0.001m | €0.001m | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.09m | €0.1m | €0.08m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 8.1% |
| Income taxes67/77 | €0.02m | €0.02m | €0.03m | €0.02m | €0.05m | €0.05m | €0.09m | €0.09m | ▼ 1.3% |
| Taxes670/3 | - | - | - | €0.02m | €0.05m | €0.05m | €0.09m | €0.09m | ▼ 1.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €218 | €58 | - | - | - |
| Profit (loss) for the period9904 | €0.05m | €0.06m | €0.1m | €0.06m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.06m | €0.1m | €0.06m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 11.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €11.2m | €15.2m | €11.4m | €13.4m | €10.4m | €13.3m | €18.6m | €11.0m | ▼ 41.1% |
| Fixed assets21/28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - | - | - | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | - | - | - | - |
| Affiliated companies280/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Participating interests280 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Current assets29/58 | €11.2m | €15.2m | €11.4m | €13.4m | €10.4m | €13.3m | €18.6m | €11.0m | ▼ 41.1% |
| Stocks and contracts in progress3 | €0.08m | €0.02m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €11.1m | €15.1m | €11.2m | €13.3m | €10.3m | €13.1m | €18.4m | €10.9m | ▼ 40.9% |
| Trade receivables40 | - | - | - | €9.1m | €10.2m | €13.1m | €18.3m | €10.8m | ▼ 41.0% |
| Other amounts receivable41 | - | - | - | €4.2m | €0.08m | €0.01m | €0.05m | €0.06m | ▲ 13.4% |
| Cash at bank and in hand54/58 | €0.008m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | €0.1m | ▼ 58.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €11.2m | €15.2m | €11.4m | €13.4m | €10.4m | €13.3m | €18.6m | €11.0m | ▼ 41.1% |
| Equity10/15 | €1.1m | €1.2m | €1.2m | €1.3m | €1.4m | €1.6m | €1.8m | €2.0m | ▲ 10.4% |
| Contributions10/11 | €1.1m | - | - | €1.1m | €1.1m | €1.1m | €1.2m | €1.2m | ▲ 0.7% |
| Reserves13 | €0.02m | €0.04m | €0.1m | €0.2m | €0.3m | €0.4m | €0.6m | €0.8m | ▲ 27.8% |
| Distributable reserves133 | - | - | - | €0.2m | €0.3m | €0.4m | €0.6m | €0.8m | ▲ 27.8% |
| Profit (loss) carried forward14 | €0.003m | €0.001m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €10.0m | €14.0m | €10.1m | €12.1m | €9.0m | €11.7m | €16.8m | €9.0m | ▼ 46.7% |
| Amounts payable within one year42/48 | €10.0m | €14.0m | €10.1m | €12.1m | €9.0m | €11.7m | €16.8m | €9.0m | ▼ 46.7% |
| Trade debts44 | €7.5m | €10.3m | €6.3m | €7.3m | €8.1m | €10.4m | €15.0m | €6.9m | ▼ 53.8% |
| Suppliers440/4 | - | - | - | €7.3m | €8.1m | €10.4m | €15.0m | €6.9m | ▼ 53.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.03m | €0.04m | €0.02m | ▼ 39.3% |
| Taxes450/3 | - | - | - | €0.004m | €0.03m | €0.01m | €0.02m | €0.003m | ▼ 81.1% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 4.1% |
| Other amounts payable47/48 | - | - | - | €4.8m | €0.8m | €1.2m | €1.8m | €2.0m | ▲ 13.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,107 | €62,178 | €101,997 | €61,941 | €140,319 | €139,906 | €201,403 | €179,023 | ▼ 11.1% |
| Operating cash flow (approximation) | €51,107 | €62,178 | €101,997 | €61,941 | €140,319 | €139,906 | €201,403 | €179,023 | ▼ 11.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - | - | - | - |
| Change in cash | - | €89,198 | €14,637 | €26,818 | -€20,561 | €315 | €164,566 | -€165,302 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 12-06-2026 | 2026-00170014 |
| 31-12-2024 | full format | 07-07-2025 | 2025-00250820 |
| 31-12-2023 | full format | 02-07-2024 | 2024-00222354 |
| 31-12-2022 | full format | 03-07-2023 | 2023-00210251 |
| 31-12-2021 | full format | 13-06-2022 | 2022-20064776 |
| 31-12-2020 | full format | 30-06-2021 | 2021-28400331 |
| 31-12-2019 | full format | 22-06-2020 | 2020-20200466 |
| 31-12-2018 | full format | 01-07-2019 | 2019-28100191 |
| 31-12-2017 | full format | 06-07-2018 | 2018-31100245 |
| 31-12-2016 | full format | 04-07-2017 | 2017-28700517 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 20
Show all 20 directors
Day-to-day management 1
Statutory auditor 1
Other functions 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Benedikte DEMUNCK |
|
| Caroline VAN GEYT |
|
| COUCKUYT Eddy |
|
| DE DECKER Carl |
|
| Emile DESIMPEL |
|
| Etienne SCHOUPPE |
|
| Frieda ARDIES |
|
| GRYFFROY Andries |
|
| Jill SCHELLENS |
|
| Lien VAN DOOREN |
|
| Maxim VEYS |
|
| Olivier STRUBBЕ |
|
| PORTO-CARRERO Marleen |
|
| Silke VAN VAERENBERGH |
|
| Stephanie D'HOSE |
|
| Sven TAELDEMAN |
|
| Tony VANCAUWENBERGH |
|
| VAN ELSEN Koenraad |
|
| VAN LAECKE Filip |
|
| VERMEULEN Jan |
|
| Figurad Bedrijfsrevisoren bv |
|
| Pascale AERTS |
|
| Charlotte DE SMET |
|
| Denis DIERICK |
|
| Hafsa EL-BAZIOUI |
|
| Hina Habib BHATTI |
|
| Joris NACHTERGAELE |
|
| Joris VANDENBROUCKE |
|
| Kristof CORNELIS |
|
| Marc DE KEYREL |
|
| Marc SNOECK |
|
| Patricia WAERNIERS |
|
| Rudy VAN CRONENBURG |
|
| Virginie DERUMEAUX |
|
| Wim DESLOOVERE |
|
Owners and capital
Owners
2 ownersChain of control
- Farys
- Creat
Highest known parent: Farys. The sources do not say who stands above it.
Owners 2
- FarysparentSourceaccounts Farys 202569.52%
-
17.37%
According to the 2022 annual accounts of Creat and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
0.07%
According to the 2022 annual accounts of Creat and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
20 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
01-09
Gazette deed
Resignations: Hina Habib BHATTI, Kristof CORNELIS and 18 othersReappointments: GRYFFROY Andries, VAN ELSEN Koenraad and 5 others · Appointments: Stephanie D'HOSE, Maxim VEYS and 14 others46 facts ▸
- Director resignation, Hina Habib BHATTI (director)
- Director resignation, Kristof CORNELIS (director)
- Director resignation, Marc DE KEYREL (director)
- Director resignation, Charlotte DE SMET (director)
- Director resignation, Virginie DERUMEAUX (director)
- Director resignation, Wim DESLOOVERE (director)
- Director resignation, Denis DIERICK (director)
- Director resignation, Hafsa EL-BAZIOUI (director)
- Director resignation, Joris NACHTERGAELE (director)
- Director resignation, Marc SNOECK (director)
- Director resignation, Rudy VAN CRONENBURG (director)
- Director resignation, Joris VANDENBROUCKE (director)
- +34 further facts in this act
03-12
Gazette deed
Appointment: Kristof Cornelis (director)3 facts ▸
- General meeting, 14-06-2024
- Director appointment, Kristof Cornelis
- Director in office, Marleen Porto-Carrero (managing director)
03-04
Gazette deed
Resignation: Yves Miroir (director)2 facts ▸
- Board meeting, 24-10-2023
- Director resignation, Yves Miroir
About the unread acts
Of the 20 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
The 10 most recent of 11 applications.
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44808H0267/00D002 | Flanders | 1.1 ha | 1 · 2,626 m² | 18.6 m · 4 |