CREATE2FIT
InactiveCREATE2FIT was declared bankrupt on 07-07-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-10-2023, published in the Belgian State Gazette on 16-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 18-08-2022, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
18 d late
2020
47 d late
2019
73 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€86k▲ 9.2%
2019 · €79k
2018: €68k
2019: €79k
2018 → 2020
EBIT margin
13.5%▼ 27.3pp
2019 · 40.8%
2018: 39.5%
2019: 40.8%
2018 → 2020
Net result
€-12k
2020 · €13k
2018: €20k
2019: €28k
2020: €13k
2018 → 2021
Working capital
€78k▲ 17.8%
2020 · €66k
2018: €57k
2019: €75k
2020: €66k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€68k-€79k▲ 15.5%€86k▲ 9.2%
Equity€62k-€75k▲ 20.4%€73k▼ 2.2%€61k▼ 16.4%
Operating result€27k-€32k▲ 19.5%€12k▼ 63.9%€-14k
Net result€20k-€28k▲ 39.7%€13k▼ 51.7%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €14k after €12k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €89k
Fixed assets
€3k ▼ 51.8%
Current assets
€86k ▼ 24.7%
Equity and liabilities €89k
Equity
€61k ▼ 16.4%
Debt
€28k ▼ 41.3%
Debt's share of the balance-sheet total falls from 39.8% to 31.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-12k▼
2020 · €13k
Cash flow
€-10k▼
2020 · €15k
Current ratio
10.88▲
2020 · 2.38
Debt to equity
0.46▲
2020 · 0.01
ROE
-19.7%▼
2020 · 18.3%
ROA
-13.4%▼
2020 · 11.0%
Interest coverage
-8.55
Debt ≤ 1 year
€8k▼
2020 · €48k
Debt > 1 year
€20k▲
2020 · €424
Income taxes
€1k▼
2020 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 42 lines
Balance sheet
Code20202021
Assets
Total assets20/58€121k€89k▼
Fixed assets21/28€7k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24-€3k
Financial fixed assets28€3k€325▼
Current assets29/58€114k€86k▼
Amounts receivable within one year40/41€107k€79k▼
Trade receivables40-€23k
Other amounts receivable41-€56k
Cash at bank and in hand54/58€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€121k€89k▼
Equity10/15€73k€61k▼
Contributions10/11-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€52k€40k▼
Amounts payable17/49€48k€28k▼
Amounts payable after more than one year17€424€20k▲
Financial debts170/4-€20k
Amounts payable within one year42/48€48k€8k▼
Current portion of amounts payable after more than one year42-€3k
Trade debts44€5k€2k▼
Suppliers440/4-€2k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Income statement
Code20202021
Turnover70€86k-
Non-recurring operating income76A-€482
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8-€3k
Gross operating margin9900€15k€-9k▼
Operating profit (loss)9901€12k€-14k▼
Financial income75/76B-€4k
Recurring financial income75€8k€4k▼
Financial charges65/66B-€1k
Recurring financial charges65€969€1k▲
Profit (loss) for the period before taxes9903€18k€-11k▼
Income taxes67/77€5k€1k▼
Profit (loss) for the period9904€13k€-12k▼
Profit (loss) for the period to be appropriated9905€13k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€40k
Profit (loss) brought forward from the previous period14P-€52k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
16-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · CREATE2FIT SRL CHAUSSEE DE CHARLEROI 49/6, 1060 SAINT-GILLES. déclarée le 7 juillet 2023 · event 30-10-2023
2023
13-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · CREATE2FIT SRL CHAUSSEE DE CHARLEROI 49/6, 1060 SAINT-GILLES · event 07-07-2023
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet €-12k ▼190%
Net result drops to €-12k, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 10.88
Current ratio from 2.38 to 10.88; short-term debt falls from €48k to €8k.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 159 days late
2019
31-12
Financial
Highest result since 2018net €28k ▲39.7%
Operating result €32k, net result €28k, both a record.
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 14 days late
2014
01-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
01-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 1 day late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
07-07-2023 → 30-10-2023 |