CREATE.eu
CREATE.eu has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €432k and a net result of €1.00M. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 9900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
| Equity | €432k |
| Net result | €1.00M |
| Staff (FTE) | 17.1 |
| Better than sector | 24% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.9% | 37.6% | |
| Net result | €1.00M | €31k | |
| Equity | €432k | €261k | |
| Gross operating margin | €2.68M | €227k | |
| Staff costs | €1.09M | €159k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €1.44M | €1.74M | €214k | €600k | €733k |
| Net profit | €1.00M | €1.36M | €193k | €479k | €645k |
| Cash flow | €1.09M | €1.43M | €209k | €494k | €658k |
| Staff costs | €1.09M | €1.38M | €581k | €579k | - |
| Income taxes | €331k | €421k | €568 | €101k | €73k |
| Dividends | €1.32M | €3.58M | €193k | - | €200k |
| Total assets | €2.91M | €2.60M | €2.02M | €1.98M | €1.13M |
| Equity | €432k | €748k | €1.16M | €1.16M | €677k |
| Debt | €2.47M | €1.85M | €860k | €827k | €452k |
| of which ≤ 1y | €2.04M | €1.82M | €860k | €827k | €452k |
| of which > 1y | €240k | €27k | - | - | - |
| Working capital | €470k | €684k | €1.12M | €1.11M | €649k |
| Employees (FTE) | 17.1 | 13.5 | 10.9 | 11.9 | 14.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.23 | 1.38 | 2.30 | 2.34 | 2.44 |
| Quick ratio | 1.23 | 1.38 | 2.30 | 2.34 | 2.44 |
| Working capital ratio | 16.2% | 26.4% | 55.6% | 56.1% | 57.5% |
| Solvency | 14.9% | 28.8% | 57.3% | 58.3% | 59.9% |
| Debt / equity | 5.72 | 2.47 | 0.74 | 0.72 | - |
| Long-term debt ratio | 0.56 | 0.04 | - | - | - |
| Interest coverage | 71.76 | 99.95 | 51.07 | 131.57 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 34.4% | 52.5% | 9.6% | 24.1% | 57.1% |
| ROE | 231.5% | 182.1% | 16.7% | 41.4% | 95.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.91M | €2.60M | €2.02M | €1.98M | €1.13M |
| Fixed assets | 21/28 | €399k | €91k | €35k | €44k | €28k |
| Intangible fixed assets | 21 | - | - | €0 | €0 | €0 |
| Tangible fixed assets | 22/27 | €397k | €88k | €14k | €23k | €26k |
| Financial fixed assets | 28 | €2k | €2k | €22k | €22k | €2k |
| Current assets | 29/58 | €2.51M | €2.51M | €1.98M | €1.94M | €1.10M |
| Amounts receivable within one year | 40/41 | €1.26M | €1.51M | €1.27M | €808k | €488k |
| Cash & bank | 54/58 | €1.25M | €994k | €713k | €1.13M | €613k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.91M | €2.60M | €2.02M | €1.98M | €1.13M |
| Equity | 10/15 | €432k | €748k | €1.16M | €1.16M | €677k |
| Contributions / capital | 10/11 | €51k | €51k | €20k | €20k | - |
| Reserves | 13 | €381k | €697k | €1.14M | €1.14M | €657k |
| Amounts payable | 17/49 | €2.47M | €1.85M | €860k | €827k | €452k |
| Amounts payable after one year | 17 | €240k | €27k | - | - | - |
| Amounts payable within one year | 42/48 | €2.04M | €1.82M | €860k | €827k | €452k |
| Trade debts payable within one year | 44 | €303k | €91k | €505k | €549k | €140k |
| Income statement | ||||||
| Gross operating margin | 9900 | €2.68M | €3.15M | €822k | €1.25M | €1.55M |
| Operating result | 9901 | €1.35M | €1.67M | €198k | €584k | €720k |
| Financial income | 75 | €31 | €129k | €0 | €21 | €11 |
| Financial charges | 65 | €20k | €17k | €4k | €5k | €2k |
| Result before taxes | 9903 | €1.33M | €1.78M | €194k | €580k | €718k |
| Income taxes | 67/77 | €331k | €421k | €568 | €101k | €73k |
| Net result for the period | 9904 | €1.00M | €1.36M | €193k | €479k | €645k |
| Result to be appropriated | 9905 | €1.32M | €1.36M | €193k | €479k | €645k |
Permanent representatives (5)
-
AKONOLimited partnershipPermanent representative· perm. rep.: Davy HoskensState Gazette act 24111373 (23-07-2024)Permanent representative23-07-2024 → present
-
BIT HARVESTLimited partnershipPermanent representative· perm. rep.: Christophe Etienne Noëlla HoebeeckState Gazette act 24111373 (23-07-2024)Permanent representative23-07-2024 → present
-
Bob Van Cleemputte & C°Limited partnershipPermanent representative· perm. rep.: Bob Piet Hilaire Van CleemputteState Gazette act 24111373 (23-07-2024)Permanent representative23-07-2024 → present
-
MFCOLimited partnershipPermanent representative· perm. rep.: Frederique Monique Hugo Cornelie MalbranckeState Gazette act 24111373 (23-07-2024)Permanent representative23-07-2024 → present
-
OLIVIER DE BAERELimited partnershipPermanent representative· perm. rep.: Olivier De BaereState Gazette act 24111373 (23-07-2024)Permanent representative23-07-2024 → present
Former directors (3)
-
BIT HARVESTDirectorState Gazette act 24111373 (23-07-2024)Former- → 23-07-2024
-
Bob Van Cleemputte & C°DirectorState Gazette act 24111373 (23-07-2024)Former- → 23-07-2024
-
OLIVIER DE BAEREDirectorState Gazette act 24111373 (23-07-2024)Former- → 23-07-2024
| NACE primary | Retail sale of electrical household appliances(47540) |
| Legal form | Private limited company(610) |
| Incorporation | 11-09-2006 |
| Status | Active |
| Postal code | 9940 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0360/00B000 | Flanders | 5,480 m² | 1 · 1,250 m² | 12.7 m · 3 fl. |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
23-07-2024 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "eenhoofdigheid_declaration",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Jan VERSTRAETEN",
"firm_city": null,
"firm_name": "Notarissen Noord, geassocieerde notarissen",
"office_city": "Assenede",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-23",
"filing_date": "2024-07-12",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2024-07-12",
"unanimous": true,
"under_authorized_capital": true,
"underlying_resolution_date": "2024-06-28"
},
"bedrijfsrevisor": {
"waived": true,
"firm_kbo": null,
"firm_name": "VGDBedrijfsrevisoren BV",
"ibr_number": null,
"mission_type": "quasi_apport",
"individual_name": "Peter Vandewalle"
},
"subject_company": {
"kbo": "0883.562.904",
"name_full": "CREATE STUDIO",
"legal_form": "besloten vennootschap",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "VGDBedrijfsrevisoren BV",
"person_name": null,
"org_rep_person_name": "Peter Vandewalle",
"person_role_at_subject": null
},
"co_filed_documents": [
"Afschrift akte fusie",
"Co\u00F6rdinatie van de statuten",
"Verslag bedrijfsrevisor",
"Verslag bestuursorgaan",
"Verslag bestuursorgaan i.v.m. wijziging voorwerp"
],
"shareholders_after": [
{
"kbo": "0821.467.561",
"pct": null,
"kind": "org",
"name": "CommV. \u0022Bob Van Cleemputte \u0026 C\u00B0\u0022",
"role": "commanditaire",
"n_shares": 129,
"share_class": null
},
{
"kbo": "1010.778.701",
"pct": null,
"kind": "org",
"name": "BV \u0022CREATE.eu Holding\u0022",
"role": "aandeelhouder",
"n_shares": 65,
"share_class": null
}
],
"share_classes_after": [
{
"n_shares": 194,
"class_name": "gewone aandelen",
"capital_share_eur": null,
"voting_rights_per_share": 1.0
}
]
}| Legal nameNL | CREATE.eu |