Creat Services
ActiveSummary
Creat Services has the legal form “Dienstverlenende vereniging (Vlaams Gewest)” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €2.6m and a net result of €369,478. Equity is growing by about 32% per year across the filed financial years. Its solvency ranks better than 17% of 6,142 sector peers (NACE 46, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Turnover
€89.4m▲ 26.7%
2024 · €70.5m
EBIT margin
0.6%▼ 0.2pp
2024 · 0.8%
Net result
€369,478▼ 1.6%
2024 · €375,343
Working capital
€2.4m▲ 30.1%
2024 · €1.8m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€89.4m
2025
Operating result€0.5m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16.8m
2025
Equity€2.6m
2025
Debt€14.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.6%
2025
Return on assets (ROA)2.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency15.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.17
2025
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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€15.8m-€18.6m▲ 18.1%€24.4m▲ 31.4%€28.1m▲ 15.1%€32.0m▲ 13.6%€42.4m▲ 32.8%€70.5m▲ 66.2%€89.4m▲ 26.7%
Operating result€0.1m-€0.09m▼ 12.3%€0.2m▲ 164%€0.2m▼ 20.0%€0.3m▲ 71.0%€0.3m▼ 16.8%€0.5m▲ 92.6%€0.5m▲ 0.6%
Net result€0.07m-€0.07m▲ 7.8%€0.2mwithin the sector's middle half▲ 168%€0.2mwithin the sector's middle half▼ 17.6%€0.2mwithin the sector's middle half▲ 56.3%€0.2mwithin the sector's middle half▼ 17.1%€0.4mwithin the sector's middle half▲ 82.1%€0.4mwithin the sector's middle half▼ 1.6%
EBIT margin0.7%-0.5%▼ 0.2pp1.0%▲ 0.5pp0.7%▼ 0.3pp1.1%▲ 0.4pp0.7%▼ 0.4pp0.8%▲ 0.1pp0.6%▼ 0.2pp
Equity€0.3m-€0.5m▲ 46.0%€0.7mwithin the sector's middle half▲ 48.5%€0.9mwithin the sector's middle half▲ 26.7%€1.2mwithin the sector's middle half▲ 31.0%€1.6mwithin the sector's middle half▲ 32.8%€2.0mwithin the sector's middle half▲ 22.9%€2.6mwithin the sector's middle half▲ 27.1%
Total assets€7.6m-€8.3m▲ 9.5%€6.1mwithin the sector's middle half▼ 26.5%€7.6mwithin the sector's middle half▲ 24.0%€8.2mwithin the sector's middle half▲ 8.2%€10.3mwithin the sector's middle half▲ 25.6%€13.8mabove the sector's middle half▲ 34.1%€16.8mabove the sector's middle half▲ 21.5%
Debt€7.2m-€7.8m▲ 7.7%€5.3m▼ 31.3%€6.6m▲ 23.7%€6.9m▲ 4.9%€8.6m▲ 24.4%€11.8m▲ 36.3%€14.2m▲ 20.6%
Working capital€0.1m-€0.3m▲ 112%€0.5mwithin the sector's middle half▲ 81.5%€0.7mwithin the sector's middle half▲ 36.7%€1.0mwithin the sector's middle half▲ 39.5%€1.4mwithin the sector's middle half▲ 39.3%€1.8mwithin the sector's middle half▲ 26.1%€2.4mwithin the sector's middle half▲ 30.1%
Solvency4.5%-6.1%▲ 1.5pp12.2%below the sector's middle half▲ 6.2pp12.5%below the sector's middle half▲ 0.3pp15.1%below the sector's middle half▲ 2.6pp16.0%below the sector's middle half▲ 0.9pp14.7%below the sector's middle half▼ 1.3pp15.3%below the sector's middle half▲ 0.7pp
Current ratio1.02-1.04▲ 0.021.10below the sector's middle half▲ 0.061.11below the sector's middle half▲ 0.011.15below the sector's middle half▲ 0.041.17within the sector's middle half▲ 0.021.15below the sector's middle half▼ 0.011.17below the sector's middle half▲ 0.01
Return on assets (ROA)0.9%-0.9%=3.2%within the sector's middle half▲ 2.3pp2.1%within the sector's middle half▼ 1.1pp3.0%within the sector's middle half▲ 0.9pp2.0%within the sector's middle half▼ 1.0pp2.7%within the sector's middle half▲ 0.7pp2.2%within the sector's middle half▼ 0.5pp
above
within
below
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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.8m
Fixed assets
€203,298 =
Current assets
€16.5m ▲ 21.8%
Equity and liabilities €16.8m
Equity
€2.6m ▲ 27.1%
Debt
€14.2m ▲ 20.6%
Debt's share of the balance-sheet total falls from 85.3% to 84.7%. Equity and debt are higher.
Key figures and ratios
Debt to equity
5.52▼
2024 · 5.82
ROE
14.4%▼
2024 · 18.6%
Debt ≤ 1 year
€14.2m▲
2024 · €11.8m
Income taxes
€175,502▲
2024 · €166,753
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €27.0m | €32.0m | €42.4m | €70.5m | €89.4m | ▲ 26.7% |
| Turnover70 | €15.8m | €18.6m | €24.4m | €28.1m | €32.0m | €42.4m | €70.5m | €89.4m | ▲ 26.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€1.2m | - | - | - | - | - |
| Operating charges60/66A | - | - | - | €26.8m | €31.6m | €42.2m | €70.0m | €88.8m | ▲ 26.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €25.5m | €30.0m | €40.4m | €67.3m | €85.5m | ▲ 27.0% |
| Purchases600/8 | - | - | - | €25.5m | €30.0m | €40.4m | €67.3m | €85.5m | ▲ 27.0% |
| Services and other goods61 | - | - | - | €1.3m | €1.6m | €1.8m | €2.6m | €3.2m | ▲ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.1m | €0.1m | ▲ 33.3% |
| Other operating charges640/8 | - | - | - | €8 | €1 | - | - | - | - |
| Operating profit (loss)9901 | €0.1m | €0.09m | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | €0.5m | ▲ 0.6% |
| Financial income75/76B | - | - | - | €0.007m | €1 | €414 | €0.001m | €9 | ▼ 98.6% |
| Recurring financial income75 | €0 | €0.01m | €0.007m | €0.007m | €1 | €414 | €0.001m | €9 | ▼ 98.6% |
| Income from financial fixed assets750 | - | - | - | €0.007m | - | - | - | - | - |
| Income from current assets751 | - | - | - | - | - | €412 | €0.001m | €8 | ▼ 98.8% |
| Other financial income752/9 | - | - | - | - | €1 | €2 | €1 | €1 | ▲ 5.9% |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €0.003m | €0.003m | €0.002m | ▼ 7.4% |
| Recurring financial charges65 | €0.009m | €0.003m | €0.001m | €0.001m | €0.001m | €0.003m | €0.003m | €0.002m | ▼ 7.4% |
| Debt charges650 | €0.009m | €0.003m | €0.001m | €0.001m | €0.001m | €0.003m | €0.002m | €0.002m | ▼ 8.5% |
| Other financial charges652/9 | - | - | - | €101 | €102 | €343 | €341 | €341 | = |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | €0.3m | €0.2m | €0.3m | €0.3m | €0.5m | €0.5m | ▲ 0.5% |
| Income taxes67/77 | €0.03m | €0.03m | €0.06m | €0.05m | €0.09m | €0.07m | €0.2m | €0.2m | ▲ 5.2% |
| Taxes670/3 | - | - | - | €0.05m | €0.09m | €0.07m | €0.2m | €0.2m | ▲ 5.2% |
| Profit (loss) for the period9904 | €0.07m | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | ▼ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €0.07m | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | ▼ 1.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.6m | €8.3m | €6.1m | €7.6m | €8.2m | €10.3m | €13.8m | €16.8m | ▲ 21.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Affiliated companies280/1 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Participating interests280 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Companies linked by participating interests282/3 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Participating interests282 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €7.4m | €8.1m | €5.9m | €7.4m | €8.0m | €10.1m | €13.6m | €16.5m | ▲ 21.8% |
| Stocks and contracts in progress3 | €1.1m | €1.2m | €1.2m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €6.3m | €6.8m | €4.6m | €7.2m | €7.9m | €9.9m | €13.5m | €16.4m | ▲ 22.0% |
| Trade receivables40 | - | - | - | €7.2m | €7.8m | €9.9m | €13.5m | €16.4m | ▲ 21.7% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.05m | - | €0.03m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 8.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.6m | €8.3m | €6.1m | €7.6m | €8.2m | €10.3m | €13.8m | €16.8m | ▲ 21.5% |
| Equity10/15 | €0.3m | €0.5m | €0.7m | €0.9m | €1.2m | €1.6m | €2.0m | €2.6m | ▲ 27.1% |
| Contributions10/11 | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.7m | €0.7m | €0.9m | ▲ 25.1% |
| Capital10 | - | - | - | €0.5m | €0.5m | - | - | - | - |
| Issued capital100 | - | - | - | €1.7m | €1.8m | - | - | - | - |
| Uncalled capital101 | - | - | - | €1.2m | €1.3m | - | - | - | - |
| Reserves13 | €0.06m | €0.1m | €0.3m | €0.5m | €0.7m | €0.9m | €1.3m | €1.7m | ▲ 28.1% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.04m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.03m | €0.04m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.7m | €0.9m | €1.3m | €1.7m | ▲ 28.1% |
| Amounts payable17/49 | €7.2m | €7.8m | €5.3m | €6.6m | €6.9m | €8.6m | €11.8m | €14.2m | ▲ 20.6% |
| Amounts payable within one year42/48 | €7.2m | €7.8m | €5.3m | €6.6m | €6.9m | €8.6m | €11.8m | €14.2m | ▲ 20.6% |
| Trade debts44 | €6.4m | €6.8m | €4.3m | €5.4m | €5.2m | €6.5m | €8.5m | €10.4m | ▲ 21.5% |
| Suppliers440/4 | - | - | - | €5.4m | €5.2m | €6.5m | €8.5m | €10.4m | ▲ 21.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.06m | €0.02m | €0.04m | €0.01m | ▼ 68.8% |
| Taxes450/3 | - | - | - | €0.003m | €0.05m | €0.01m | €0.03m | €0.002m | ▼ 93.6% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.009m | €0.01m | €0.01m | ▼ 14.3% |
| Other amounts payable47/48 | - | - | - | €1.2m | €1.7m | €2.1m | €3.2m | €3.8m | ▲ 19.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,712 | €71,916 | €192,924 | €159,065 | €248,606 | €206,168 | €375,343 | €369,478 | ▼ 1.6% |
| Operating cash flow (approximation) | €66,712 | €71,916 | €192,924 | €159,065 | €248,606 | €206,168 | €375,343 | €369,478 | ▼ 1.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €94,990 | €4,602 | €27,993 | -€14,453 | €26,013 | -€31,787 | €10,407 | - |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 18-06-2026 | 2026-00195358 |
| 31-12-2025 | unclassified schema | 18-06-2026 | 2026-00194691 |
| 31-12-2024 | full format | 08-07-2025 | 2025-00251895 |
| 31-12-2024 | unclassified schema | 08-07-2025 | 2025-00250948 |
| 31-12-2023 | full format | 02-07-2024 | 2024-00221366 |
| 31-12-2023 | unclassified schema | 02-07-2024 | 2024-00222582 |
| 31-12-2022 | full format | 03-07-2023 | 2023-00212073 |
| 31-12-2021 | full format | 28-06-2022 | 2022-20116444 |
| 31-12-2020 | full format | 30-06-2021 | 2021-31700157 |
| 31-12-2019 | full format | 19-06-2020 | 2020-20200458 |
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Of the 5,989 active companies whose main activity is agents in non-specialised wholesale trade (NACE 46190), figures are known for 2,595. 689 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.