CREATE SYSTEMS
InactiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Overview
Official details
KBO- Status
- Inactive
- Activity
- “Verkoop en verhuur professioneel audio- en videomateriaal (elektronica / IT)” (deed in Dutch)From the articles, 19 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Reachable since 22-05-2023
How it is doing
Inactive: no score
Annual accounts 2023
- Gross margin
- €1.4m
- ▼ 22.5%
- Turnover
- ≈ €2.4m
- estimated
- Profit
- €649,402
- ▼ 39.2%
- Equity
- €1.1m
- ▲ 144%
- Total assets
- €1.8m
- ▼ 2.1%
- Staff
- 8 FTE
- ▲ 15.9%
Filed on 25-06-2024PDF
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-06-2024, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
36 days early
2022
41 days early
2021
32 days early
2020
16 days early
2019
25 days late
2018
12 days early
2017
47 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2023, abbreviated format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 25-06-2024
- Format
- abbreviated format
- Reference
- 2024-00158365
Turnover
≈ €2.4m
Estimated: probably between €1.6m and €4.0m
Total assets
€1.8m▼ 2.1%
2022 · €1.9m
Net result
€649,402▼ 39.2%
2022 · €1.1m
Working capital
€1.0m▲ 184%
2022 · €364,960
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 39% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.8m
2023
Net result€0.6m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.8m
2023
Equity€1.1m
2023
Debt€0.7m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)8
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.4m-€0.4m▼ 14.5%€0.7m▲ 97.7%€0.5m▼ 23.3%€1.4m▲ 159%€0.8m▼ 39.5%
Net result€0.4m-€0.2m▼ 29.3%€0.5m▲ 114%€0.4m▼ 23.6%€1.1m▲ 164%€0.6m▼ 39.2%
Equity€0.03m-€0.08m▲ 170%€0.08m=€0.5m▲ 534%€0.5m▼ 6.5%€1.1m▲ 144%
Total assets€0.6m-€1.3m▲ 96.8%€0.8m▼ 38.0%€1.3m▲ 66.3%€1.9m▲ 43.1%€1.8m▼ 2.1%
Debt€0.6m-€1.2m▲ 93.5%€0.7m▼ 40.4%€0.8m▲ 16.3%€1.4m▲ 71.9%€0.7m▼ 48.5%
Working capital€0.02m-€0.3m▲ 14×€0.07m▼ 79.1%€0.4m▲ 537%€0.4m▼ 14.1%€1.0m▲ 184%
Staff (FTE)1.2-2.8▲ 133%4▲ 42.9%5▲ 25.0%6.9▲ 38.0%8▲ 15.9%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€94,737 ▼ 9.3%
Current assets
€1.7m ▼ 1.6%
Equity and liabilities €1.8m
Equity
€1.1m ▲ 144%
Debt
€731,310 ▼ 48.5%
Debt's share of the balance-sheet total falls from 75.9% to 39.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€886,289▼
2022 · €1.4m
Cash flow
€687,653▼
2022 · €1.1m
Current ratio
2.48▲
2022 · 1.26
Debt to equity
0.67▼
2022 · 3.15
ROE
59.1%▼
2022 · 237.4%
ROA
35.5%▼
2022 · 57.2%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€700,604▼
2022 · €1.4m
Debt > 1 year
€30,706▲
2022 · €19,256
Income taxes
€189,853▼
2022 · €324,287
Staff costs
€499,186▲
2022 · €362,379
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 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10 | €0.001m | €0.006m | ▲ 743% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.4m | €0.5m | ▲ 37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.007m | €0.008m | €0.007m | €0.01m | €0.03m | €0.04m | ▲ 17.4% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | ▲ 11.3% |
| Gross operating margin9900 | €0.5m | €0.5m | €0.9m | €0.8m | €1.8m | €1.4m | ▼ 22.5% |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.7m | €0.5m | €1.4m | €0.8m | ▼ 39.5% |
| Financial income75/76B | - | - | - | €0.001m | €42 | €0 | ▼ 100.0% |
| Recurring financial income75 | €295 | €10 | €22 | €0.001m | €42 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.002m | €0.008m | €0.009m | ▲ 6.5% |
| Recurring financial charges65 | €0.002m | €0.001m | €0.001m | €0.002m | €0.008m | €0.009m | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.4m | €0.7m | €0.5m | €1.4m | €0.8m | ▼ 39.8% |
| Income taxes67/77 | €0.06m | €0.1m | €0.2m | €0.1m | €0.3m | €0.2m | ▼ 41.5% |
| Profit (loss) for the period9904 | €0.4m | €0.2m | €0.5m | €0.4m | €1.1m | €0.6m | ▼ 39.2% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.2m | €0.5m | €0.4m | €1.1m | €0.3m | ▼ 68.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.6m | €1.3m | €0.8m | €1.3m | €1.9m | €1.8m | ▼ 2.1% |
| Fixed assets21/28 | €0.005m | €0.02m | €0.02m | €0.06m | €0.1m | €0.09m | ▼ 9.3% |
| Tangible fixed assets22/27 | €0.004m | €0.02m | €0.02m | €0.04m | €0.08m | €0.07m | ▼ 11.5% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.05m | €0.02m | ▼ 46.0% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.04m | €0.05m | ▲ 31.8% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.001m | - | - |
| Financial fixed assets28 | €190 | €190 | €190 | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €0.6m | €1.2m | €0.8m | €1.2m | €1.8m | €1.7m | ▼ 1.6% |
| Stocks and contracts in progress3 | €0.1m | - | - | €0.1m | - | - | - |
| Stocks30/36 | - | - | - | €0.1m | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.9m | €0.6m | €0.9m | ▲ 54.0% |
| Trade receivables40 | - | - | - | €0.9m | €0.5m | €0.8m | ▲ 65.3% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.08m | €0.07m | ▼ 15.5% |
| Cash at bank and in hand54/58 | €0.4m | €1.0m | €0.6m | €0.3m | €1.2m | €0.9m | ▼ 27.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.005m | €0.006m | ▲ 25.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.6m | €1.3m | €0.8m | €1.3m | €1.9m | €1.8m | ▼ 2.1% |
| Equity10/15 | €0.03m | €0.08m | €0.08m | €0.5m | €0.5m | €1.1m | ▲ 144% |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.05m | €0.05m | €0.5m | €0.4m | €1.1m | ▲ 153% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | - | €0.001m | €0.001m | €0.3m | ▲ 474× |
| Distributable reserves133 | - | - | - | €0.5m | €0.4m | €0.8m | ▲ 79.1% |
| Amounts payable17/49 | €0.6m | €1.2m | €0.7m | €0.8m | €1.4m | €0.7m | ▼ 48.5% |
| Amounts payable after more than one year17 | - | €0.01m | €0.009m | €0.003m | €0.02m | €0.03m | ▲ 59.5% |
| Financial debts170/4 | - | - | - | €0.003m | €0.02m | €0.03m | ▲ 59.5% |
| Amounts payable within one year42/48 | €0.6m | €0.9m | €0.7m | €0.8m | €1.4m | €0.7m | ▼ 50.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.006m | €0.01m | €0.01m | ▲ 31.6% |
| Financial debts43 | - | - | - | €0.5m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.5m | - | - | - |
| Trade debts44 | €0.1m | €0.5m | €0.1m | €0.1m | €0.3m | €0.5m | ▲ 87.9% |
| Suppliers440/4 | - | - | - | €0.1m | €0.3m | €0.5m | ▲ 87.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.09m | ▼ 7.8% |
| Taxes450/3 | - | - | - | €0.03m | €0.06m | €0.01m | ▼ 83.4% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.04m | €0.08m | ▲ 113% |
| Other amounts payable47/48 | - | - | - | €0.1m | €1.0m | €0.08m | ▼ 92.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.2m | €0.5m | €0.4m | €1.1m | €0.6m | ▼ 39.2% |
| + Depreciation and write-downs630 | €0.007m | €0.008m | €0.007m | €0.01m | €0.03m | €0.04m | ▲ 17.4% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.5m | €0.4m | €1.1m | €0.7m | ▼ 37.6% |
| Investment in fixed assets (approximation) | - | -€0.03m | €0 | -€0.05m | -€0.08m | -€0.03m | ▲ 63.2% |
| Change in cash | - | €0.7m | -€0.5m | -€0.3m | €1.0m | -€0.3m | - |
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 | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00158365 | |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00138195 | |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20122370 | |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36000568 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-45800561 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35100188 | |
| 31-12-2017 | micro format | 14-06-2018 | 2018-18300466 | |
| 31-12-2016 | micro format | 26-07-2017 | 2017-35600415 | |
| 31-12-2015 | abbreviated format | 17-08-2016 | 2016-43800342 | |
| 31-12-2014 | abbreviated format | 29-08-2015 | 2015-53600172 |
Subsidies and aid
Flemish government
2022 · 2 entries · €88,563 awarded · €88,563 paidPublic contracts
2 awards · 2022
Raamovereenkomst voor onderhoud en afbraak van belevingszone (‘corridor’) en onderhoud en vervangen van audiovisuele toepassingen van wacht- en belevingszones (‘corners’) in Brussels Airport: Corridor
Raamovereenkomst voor onderhoud en afbraak van belevingszone (‘corridor’) en onderhoud en vervangen van audiovisuele toepassingen van wacht- en belevingszones (‘corners’) in Brussels Airport: Corridor
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
2 directors, last change in 2024
Board 2
AKONO
Current
Director (not named in the articles) · in office according to the act of 23-07-2024 · Legal entity
MFCO
Current
Director (not named in the articles) · in office according to the act of 23-07-2024 · Legal entity
Statutory auditor 1
VGD Bedrijfsrevisoren
Current
Auditor · appointed in the act of 18-04-2024 · permanent representative: Peter VANDEWALLE
Mandate history
6 people, 3 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| AKONO |
|
| MFCO |
|
| VGD Bedrijfsrevisoren |
|
| BIT HARVEST |
|
| Bob Van Cleemputte & C° |
|
| OLIVIER DE BAERE |
|
Owners and capital
Capital and shareholders
Capital over the years
- 23-07-2024 Capital stated in the deed · 294 shares
Group and network
Connections & network
See the function holders in the KBO register.
Acquisitions and mergers
1 transactionTaken over by:CREATE STUDIO
History
Acts, filings and financial milestones
2024
23-07
Gazette deed
Resignations & appointments · Restructuring · End & cessationResignations: Bob Van Cleemputte & C°, OLIVIER DE BAERE and BIT HARVEST · Reappointments: Bob Van Cleemputte & C°, OLIVIER DE BAERE and 3 others · Permanent representatives: Van Cleemputte Bob Piet Hilaire, De Baere Olivier and 3 others35 facts ▸
Gazette deed
Resignations & appointments · Restructuring · End & cessation
Resignations: Bob Van Cleemputte & C°, OLIVIER DE BAERE and BIT HARVEST · Reappointments: Bob Van Cleemputte & C°, OLIVIER DE BAERE and 3 others · Permanent representatives: Van Cleemputte Bob Piet Hilaire, De Baere Olivier and 3 others35 facts ▸
- Dissolution, merger, “fusie door overneming” (deed in Dutch) (2 times)
- Director resignation, Bob Van Cleemputte & C° (director) (2 times)
- Director resignation, OLIVIER DE BAERE (director) (2 times)
- Director resignation, BIT HARVEST (director)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigenvermogensrekeningen” (deed in Dutch)
- Capital conversion, “vormen en meerderheden statutenwijziging, statutair onbeschikbare eigenvermogensrekeningen aangelegd bij toepassing artikel 39,§2,derde lid wet 23-03-2019” (deed in Dutch)
- Director reappointment, Bob Van Cleemputte & C° (director (not named in the articles))
- Director reappointment, OLIVIER DE BAERE (director (not named in the articles))
- Director reappointment, Hoebeeck Christophe Etienne Noëlla (director (not named in the articles))
- Director reappointment, MFCO (director (not named in the articles))
- Director reappointment, AKONO (director (not named in the articles))
- +23 further facts in this act
25-06
financial year 2023 · abbreviated format
18-04
Gazette deed
Purpose · Legal-form change · RestructuringAppointment: VGD Bedrijfsrevisoren (statutory auditor) · Permanent representative: Bob Van Cleemputte · Merger5 facts ▸
Gazette deed
Purpose · Legal-form change · Restructuring
Appointment: VGD Bedrijfsrevisoren (statutory auditor) · Permanent representative: Bob Van Cleemputte · Merger5 facts ▸
- Merger, “fusie door overneming, gehele vermogen(zowel rechten als verplichtingen)” (deed in Dutch) (2 times)
- Other provision, “bijzondere rechten en effecten Over Te Nemen Vennootschappen” (deed in Dutch)
- Other provision, “bijzondere voordelen bestuursorganen betrokken vennootschappen” (deed in Dutch)
- Auditor appointment, VGD Bedrijfsrevisoren
- Permanent representative, Bob Van Cleemputte
2023
31-12
Financial
Equity above €1mequity €1.1m ▲144%
A profit in every financial year since 2018 builds equity to €1.1m.
20-06
financial year 2022 · abbreviated format
2022
31-12
Financial
Highest result from 2018 to 2023net €1.1m ▲164%
Operating result €1.4m, net result €1.1m, both a record.
29-06
financial year 2021 · abbreviated format
2021
31-12
Financial
Equity above €200,000equity €481,389 ▲534%
A profit in every financial year since 2018 builds equity to €481,389.
15-07
financial year 2020 · micro format
2020
25-08
financial year 2019 · micro format · 25 days late
2019
31-12
Financial
Weakest financial yearnet €247,848 ▼29.3%
Net result drops to €247,848, the lowest in the series.
19-07
financial year 2018 · micro format
Show earlier events
2018
14-06
financial year 2017 · micro format
2017
26-07
financial year 2016 · micro format
2016
17-08
financial year 2015 · abbreviated format · 17 days late
2015
29-08
financial year 2014 · abbreviated format · 29 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Inactive
Absorbed by CREATE STUDIO in July 2024
CREATE SYSTEMS is no longer in the KBO register: CREATE STUDIO took it over in a merger by absorption, published in the Belgian Official Gazette on 23 July 2024.
- Status
- Inactive
- Reason
- Merger by absorptionBelgian Official Gazette, 23 July 2024 · act
- Absorbed by
- CREATE STUDIO · 0883.562.904
- Last annual accounts
- financial year to 31 December 2023
- Last registered office
- Noorwegenstraat 49, 9940 Evergemas published on 23 July 2024
- Legal form
- Private limited company
- First annual accounts
- financial year 2012
Purpose according to the articles of association
- PurposeThe activities the company may carry out under its articles.
- “Verkoop en verhuur professioneel audio- en videomateriaal (elektronica / IT); Audiovisuele diensten; Elektrotechnische installaties…”
19 activities
- Verkoop en verhuur professioneel audio- en videomateriaal (elektronica / IT)
- Audiovisuele diensten
- Elektrotechnische installaties
- Dienstverlening, consultancy
- Handel in en ontwikkeling van hard- en software en alle bijbehoren
- Het commercialiseren, onder al zijn mogelijke vormen, met name het adviseren, de aankoop, verkoop, verhuur, de makelarij, de commissie en de dienstverlening van / voor andere ondernemingen en diensten
- Marktonderzoek, opleiding en bijstandsfuncties voor bovenvermelde producten en diensten van en voor bedrijven
- Analyseren van bedrijfsprocessen alsook de ontwikkeling ervan
- Het verlenen van advies, bijstand en diensten aan ondernemingen op gebied van financiële, technische, commerciële of administratieve aard met betrekking tot de organisatie en het beheer van bedrijven
- De aankoop en verkoop, de huur en verhuur van immobiliën, verrichtingen die rechstreeks of onrechtstreeks in verband staan met bouwpromiotie en immobiliën in coördinatie met onderaannemers
- Onroerende leasing
- De aan- en verkoop, de ontwikkeling, de verbetering, de bevordering, de omvorming, het onderhoud, de gemeubelde verhuring en het beheer van alle gebouwde en onbebouwde onroerende goederen
- Het laten oprichten en de realisatie van alle onroerende gebouwen of onroerende complexen, alsmede afbraakwerken en infrastructuurwerken
- De vertegenwoordiging van alle onroerende goederen, bouwmaterialen of aanverwante goederen
- De planning en ontwikkeling van industriële en commerciële projecten van allerlei aard, alsmede het participeren in alle belegging- en financiële transacties die aan de ontwikkeling van zulke projecten ten goede komen
- Het organiseren van de uitvoering van dergelijke projecten, er ook toezicht op uitoefenen
- Ambachtelijke en industriële parken ontwikkelen of deze opdracht aan derden toevertrouwen of overdragen, dit alles in de meest ruime zin van het woord
- Het bezitten en beheren van kapitalen, speciën, effecten en aandelenportefeuilles, doch dit enkel voor eigen rekening
- Het beheer van vennootschappen, de functies van bestuurder, gedelegeerd bestuurder en/of vereffenaar in andere vennootschappen uitoefenen, holding houden
Articles of association, deed of 18-04-2024 (in Dutch)