Creat Branded Workwear
ActiveThe computed 12-month bankruptcy probability of Creat Branded Workwear is 2.1% (moderate). The annual accounts of Creat Branded Workwear for fiscal year 2025 show a net loss of 53% of total assets and of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €16k and a net result of €-46k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 10252 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency43▼-25
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.1 against 2.43 in 2024; short-term debt: 30.5% and cash: 7.1% of total assets), but 81.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
18.2%
Return on assets
-52.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-46k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
24 d early
2024
3 d early
2023
36 d early
2022
34 d early
2021
34 d early
2020
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€16k▼ 74.3%
2024 · €62k
2020: €39k
2021: €83k
2022: €104k
2023: €100k
2024: €62k
2020 → 2025
Total assets
€88k▼ 39.0%
2024 · €143k
2020: €76k
2021: €175k
2022: €174k
2023: €196k
2024: €143k
2020 → 2025
Net result
€-46k▼ 22.2%
2024 · €-38k
2020: €32k
2021: €44k
2022: €21k
2023: €-5k
2024: €-38k
2020 → 2025
Working capital
€29k▼ 55.6%
2024 · €66k
2020: €17k
2021: €55k
2022: €86k
2023: €97k
2024: €66k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€83k-€104k▲ 25.7%€100k▼ 4.4%€62k▼ 37.8%€16k▼ 74.3%
Operating result€57k-€35k▼ 38.0%€-14k€-33k▼ 138%€-42k▼ 23.9%
Net result€44k-€21k▼ 51.7%€-5k€-38k▼ 721%€-46k▼ 22.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2025 against €33k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€31k=
Current assets
€56k▼ 50.0%
Equity and liabilities €88k
Equity
€16k▼ 74.3%
Debt
€72k▼ 12.1%
The debt ratio rises from 56.8% to 81.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-23k▼
2024 · €-13k
Cash flow
€-28k▼
2024 · €-18k
Solvency
18.2%▼
2024 · 43.2%
Current ratio
2.10▼
2024 · 2.43
Quick ratio
1.53▼
2024 · 1.83
Debt / equity
4.50▲
2024 · 1.31
ROE
-289.4%▼
2024 · -60.8%
ROA
-52.7%▼
2024 · -26.3%
Interest coverage
-6.03▼
2024 · -2.18
Debt
€72k▼
2024 · €81k
Debt ≤ 1 year
€27k▼
2024 · €46k
Debt > 1 year
€45k▲
2024 · €35k
Income taxes
€106▼
2024 · €201
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€143k€88k▼
Fixed assets21/28€31k€31k=
Intangible fixed assets21€148€0▼
Tangible fixed assets22/27€31k€31k▲
Plant, machinery and equipment23€25k€16k▼
Furniture and vehicles24€3k€1k▼
Other tangible fixed assets26€4k€14k▲
Current assets29/58€112k€56k▼
Stocks and contracts in progress3€28k€15k▼
Stocks30/36€28k€15k▼
Amounts receivable within one year40/41€66k€34k▼
Trade receivables40€58k€30k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€16k€6k▼
Deferred charges and accrued income490/1€2k€718▼
Equity and liabilities
Total equity and liabilities10/49€143k€88k▼
Equity10/15€62k€16k▼
Contributions10/11€7k€7k=
Reserves13€98k€98k=
Distributable reserves133€98k€98k=
Profit (loss) carried forward14€-42k€-88k▼
Amounts payable17/49€81k€72k▼
Amounts payable after more than one year17€35k€45k▲
Financial debts170/4€35k€45k▲
Amounts payable within one year42/48€46k€27k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€2k€1k▼
Credit institutions430/8€2k€1k▼
Trade debts44€31k€12k▼
Suppliers440/4€31k€12k▼
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48-€856
Income statement
Code20242025
Remuneration, social security and pensions62€-42-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€18k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-11k€-22k▼
Operating profit (loss)9901€-33k€-42k▼
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€6k€11k▲
Recurring financial charges65€6k€4k▼
Non-recurring financial charges66B-€8k
Profit (loss) for the period before taxes9903€-37k€-46k▼
Income taxes67/77€201€106▼
Profit (loss) for the period9904€-38k€-46k▼
Profit (loss) for the period to be appropriated9905€-38k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-88k▼
Profit (loss) brought forward from the previous period14P€-5k€-42k▼
The notes to these accounts (12 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €104k ▲25.7%
3 profitable years in a row build equity to €104k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €44k ▲37.2%
Operating result €57k, net result €44k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Pelt · 1 establishment unit since 2021
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.
Loksvaartdijk 263900 PeltGround area
688 m²
Building footprint
202 m²
Volume, LiDAR
1,047 m³
Parcel 72502D0243/00G004, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cre@ borduurstudio
since 20212.318.788.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502D0243/00G004 | Flanders | 688 m² | 1 · 202 m² | 12.4 m · 2 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 · 9,074 EUR awarded · 9,074 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,719 EUR | 3,719 EUR |
| 2022 | 1 | 5,355 EUR | 5,355 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 6,501 companies in sector 47716 we hold annual accounts for 2,440. 1,485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2019
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.