CREATE
ActiveSummary
CREATE has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €614,238 and a net result of €542,824. Equity is growing by about 3.9% per year across the filed financial years. Its solvency ranks better than 39% of 4,978 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 2.4 FTE
- Equity
- €614,238
- Profit
- €542,824
- Largest shareholder
- S.T. Info · 49.94%
Why 94raises riskLatest accounts 31 days late; 1 of the last 3 latelowers riskFounded in 1987Size: 2.4 FTE, total assets €2.3mLiquidity: current ratio 1.33, cash €604,364Show the evidence
Checked score
Fewer than 1 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 47, micro): better than 42% on solvency, 41% on liquidity, 90% on profitability and 46% on growth.
The bankruptcy probability was computed on 19-10-2026 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 30 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2018 to 2025net €542,824 ▲43.1%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485836.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 45% 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.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail 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), Staff (FTE).
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 3,818 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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €38,665 | €30,188 | €28,296 | €32,118 | €31,079 | ▼ 3.2% |
| Remuneration, social security and pensions62 | - | - | - | €117,397 | €117,610 | €139,096 | €128,964 | €129,400 | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,983 | €38,937 | €38,937 | €38,845 | €29,129 | €19,163 | €4,788 | €4,788 | = |
| Other operating charges640/8 | - | - | - | €6,151 | €6,436 | €6,466 | €6,839 | €6,776 | ▼ 0.9% |
| Gross operating margin9900 | €517,898 | €608,509 | €728,245 | €660,293 | €648,278 | €748,607 | €665,292 | €902,932 | ▲ 35.7% |
| Operating profit (loss)9901 | €412,193 | €476,820 | €589,173 | €497,899 | €495,102 | €583,882 | €524,701 | €761,968 | ▲ 45.2% |
| Financial income75/76B | - | - | - | €1,760 | €1,644 | €4,740 | €24,742 | €17,935 | ▼ 27.5% |
| Recurring financial income75 | €2,045 | €2,494 | €2,018 | €1,760 | €1,644 | €4,740 | €24,742 | €17,935 | ▼ 27.5% |
| Financial charges65/66B | - | - | - | €10,038 | €12,589 | €26,985 | €47,230 | €55,360 | ▲ 17.2% |
| Recurring financial charges65 | €44,066 | €52,068 | €25,496 | €10,038 | €12,589 | €26,985 | €47,230 | €55,360 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €370,172 | €427,246 | €565,695 | €489,622 | €484,157 | €561,636 | €502,213 | €724,543 | ▲ 44.3% |
| Income taxes67/77 | €105,434 | €124,988 | €139,859 | €120,426 | €119,420 | €138,692 | €122,838 | €181,719 | ▲ 47.9% |
| Profit (loss) for the period9904 | €264,738 | €302,258 | €425,836 | €369,195 | €364,737 | €422,945 | €379,375 | €542,824 | ▲ 43.1% |
| Profit (loss) for the period to be appropriated9905 | €264,738 | €302,258 | €441,726 | €369,195 | €364,737 | €422,945 | €379,375 | €542,824 | ▲ 43.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.5m | €1.3m | €1.2m | €1.3m | €1.7m | €1.7m | €2.3m | ▲ 39.7% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.1m | €0.08m | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 9.9% |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.1m | €0.08m | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 10.0% |
| Land and buildings22 | - | - | - | €0.05m | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 2.4% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.02m | €0.01m | €0.009m | ▼ 29.8% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €459 | €459 | €459 | €459 | €459 | = |
| Current assets29/58 | €1.1m | €1.4m | €1.2m | €1.1m | €1.3m | €1.6m | €1.6m | €2.3m | ▲ 41.2% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 26.5% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 26.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | €0.5m | ▲ 46.4% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 53.0% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €0.01m | €0.02m | €0.001m | ▼ 95.9% |
| Current investments50/53 | - | - | - | - | - | €0.5m | €0.8m | €1.0m | ▲ 25.0% |
| Cash at bank and in hand54/58 | €0.7m | €0.8m | €0.7m | €0.7m | €0.8m | €0.6m | €0.3m | €0.6m | ▲ 77.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.003m | €0.006m | ▲ 99.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.5m | €1.3m | €1.2m | €1.3m | €1.7m | €1.7m | €2.3m | ▲ 39.7% |
| Equity10/15 | €0.2m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 2.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 6.4% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves not available under the articles1311 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 6.7% |
| Profit (loss) carried forward14 | €0.02m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 0.7% |
| Amounts payable17/49 | €1.0m | €1.1m | €0.8m | €0.6m | €0.8m | €1.1m | €1.1m | €1.7m | ▲ 61.0% |
| Amounts payable after more than one year17 | €0.03m | €0.003m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €0.8m | €0.6m | €0.8m | €1.1m | €1.1m | €1.7m | ▲ 61.0% |
| Trade debts44 | €0.04m | €0.07m | €0.07m | €0.05m | €0.06m | €0.09m | €0.05m | €0.1m | ▲ 94.1% |
| Suppliers440/4 | - | - | - | €0.05m | €0.06m | €0.09m | €0.05m | €0.1m | ▲ 94.1% |
| Advances received on contracts in progress46 | - | - | - | - | €40 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | ▲ 125% |
| Taxes450/3 | - | - | - | €0.09m | €0.07m | €0.09m | €0.08m | €0.2m | ▲ 152% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 22.2% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.6m | €0.9m | €0.9m | €1.4m | ▲ 51.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €264,738 | €302,258 | €425,836 | €369,195 | €364,737 | €422,945 | €379,375 | €542,824 | ▲ 43.1% |
| + Depreciation and write-downs630 | €26,983 | €38,937 | €38,937 | €38,845 | €29,129 | €19,163 | €4,788 | €4,788 | = |
| Operating cash flow (approximation) | €291,721 | €341,195 | €464,773 | €408,041 | €393,866 | €442,108 | €384,163 | €547,612 | ▲ 42.5% |
| Investment in fixed assets (approximation) | - | -€87,256 | €0 | €148 | €0 | -€19,764 | €0 | €0 | - |
| Change in cash | - | €96,991 | -€95,614 | -€85,708 | €151,554 | -€260,672 | -€212,778 | €263,160 | - |
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 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00485836 |
| 31-12-2024 | full format | 29-08-2025 | 2025-00471848 |
| 31-12-2023 | full format | 12-08-2024 | 2024-00342631 |
| 31-12-2022 | full format | 29-08-2023 | 2023-00399363 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20405638 |
| 31-12-2020 | full format | 16-08-2021 | 2021-48800364 |
| 31-12-2019 | full format | 30-09-2020 | 2020-58000151 |
| 31-12-2018 | full format | 27-08-2019 | 2019-53800047 |
| 31-12-2017 | full format | 24-08-2018 | 2018-50000196 |
| 31-12-2016 | full format | 31-08-2017 | 2017-56200079 |
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
Owners and capital
Owners
1 ownerOwners 1
-
49.94%
Sources: the companies' annual accounts, 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
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
04-09
Gazette deed
Permanent representative: FRAITURE Yves Michel Georges GhislainReappointments: CORTINA Mario Antoine Denis Ghislain, S.T. Info and FRAITURE Michel André Joseph · Shareholding · Amendment of the articles27 facts ▸
- General meeting, 29-08-2024
- Other provision, “historical constitution”, 20-08-1987 (deed in French)
- Other provision, “registration numbers”, 432.472.520 (deed in French)
- Director in office, CORTINA Mario Antoine Denis Ghislain (président de l'assemblée)
- Director in office, FRAITURE Michel André Joseph (secrétaire et scrutateur)
- Shareholding, 29-08-2024, 849 (2 times)
- Shareholding, 29-08-2024, 1 (2 times)
- Permanent representative, FRAITURE Yves Michel Georges Ghislain (sole director and permanent representative)
- Other provision, 1700, “total shares present” (deed in French)
- Amendment of the articles (5 times)
- Capital, €62,000
- Capital history, 15, 15000
- +15 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 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: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 82302B1629/00A000 | Wallonia | 1,770 m² | 1 · 226 m² | 23.8 m · 7 |
| 82302B1074/00F000 | Wallonia | 1,047 m² | 1 · 447 m² | 9.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le commerce de gros ou de détail de matériel informatique, électronique ou robotique de toute nature, en ce compris toutes les activités…” (deed in French)
8 activities (deed in French)
- Le commerce de gros ou de détail de matériel informatique, électronique ou robotique de toute nature, en ce compris toutes les activités annexes telles que la conception, réalisation et commercialisation de logiciels, la production, l’entretien, le dépannage et la maintenance de ces matériels ou logiciels.
- Le commerce de gros ou de détail d’équipement ou matériel de bureau, de fourniture de bureau, électroménager, hifi audio-vidéo, téléphonie, alarmes et matériel de surveillance,, en ce compris l’ entretien, le dépannage et la maintenance de ce matériel.
- Le conseil en système informatique, tant hardware que software, y compris les activités de consultance en informatique.
- Le développement, la production, le traitement, le commerce, la réparation, le placement et la livraison de logiciels, de machines de bureau au sens large, de tout appareil technique, électronique et mécanique et leurs pièces détachées.
- Le commerce de détail de tout matériel de téléphonie, ou télécommunication, au sens large du terme, notamment toutes activités en rapport avec les abonnements téléphoniques ou internet et autres modalités de connections, y compris la télévision numérique.
- L’écolage, la formation, l’apprentissage de logiciels.
- La mise à disposition et commercialisation de services hébergés ou « cloud-computing », en ce compris la création et l’hébergement de sites internet et de messagerie électronique ainsi que les systèmes de sauvegarde distants.
- La rédaction ou commerce de revues et magazines se rapportant au secteur informatique ou électronique au sens large.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision de l’organe d’administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- A managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Lorsque la place d’un administrateur devient vacante avant la fin de son mandat, les administrateurs restants ont le droit de coopter un…” (deed in French)“La réunion se tient au lieu indiqué dans la convocation et à défaut de telle indication, au siège social, convocation” (deed in French)“Tout administrateur peut donner mandat à un de ses collègues pour le représenter à une réunion déterminée du conseil d’administration et…” (deed in French)“Le conseil d'administration a le pouvoir d'accomplir tous les actes nécessaires ou utiles à la réalisation de l’objet de la société, à…” (deed in French)“Le mandat d’administrateur est exercé gratuitement sauf décision contraire de l’assemblée générale, remuneration” (deed in French)8 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Pre-emptive rightsExisting shareholders may buy new shares first, in proportion to what they already hold.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “5, déterminée par l'assemblée annuelle statuant à la majorité des voix, sur proposition du conseil d'administration” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titre VI: Assemblée générale Article 23: Tenue et convocation L’assemblée générale ordinaire se réunit annuellement le premier jour ouvrable…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- 6 provisions in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “À défaut de nomination par l'assemblée générale, la liquidation se fait par l'organe d'administration en fonction, qui agit le cas échéant…” (deed in French)“Accomplir toutes les opérations prévues par la loi, sauf si l'assemblée générale en décide autrement, à la majorité des voix” (deed in French)