CREATEC
ActiveThe file of CREATEC contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 11.7% (high). The 2024 annual accounts show equity of €82,014 and a net result of -€9,141. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 49% of 35,972 sector peers (NACE 43, financial year 2024).
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €82,014
- Loss
- -€9,141
- SCHEPERS JürgenDirector
Why 29raises risk1 financial year not filed after the legal deadline; last filed accounts filed 211 days late; 2 of the last 3 lateLiquidity: current ratio 1.83, cash €35Ex-officio strike-off in the KBOlowers riskFounded in 2002Show the evidence
Checked score
About 1 in 9 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 43, micro): better than 49% on solvency, 15% on liquidity, 12% on profitability and 24% on growth.
The bankruptcy probability was computed on 29-10-2026 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 6 accounts on average 47 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
- Bankruptcy reversalEnterprise Court of Antwerp, Hasselt…
- Annual accounts filedfinancial year 2024 · micro…
- OpeningEnterprise Court of Antwerp, Hasselt…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €19,232 after €45,521 in 2023, the lowest 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 11.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 12,322 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 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,200 | - | €12,769 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €587 | €669 | €519 | €241 | ▼ 53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,199 | €5,285 | €5,468 | €2,533 | €2,752 | €4,595 | €4,832 | ▲ 5.1% |
| Other operating charges640/8 | - | - | - | €835 | €2,212 | €299 | €1,008 | ▲ 237% |
| Gross operating margin9900 | €6,221 | €10,198 | €10,524 | €38,517 | €48,072 | €50,934 | -€13,151 | - |
| Operating profit (loss)9901 | -€3,448 | €3,308 | €2,386 | €34,562 | €42,439 | €45,521 | -€19,232 | - |
| Financial income75/76B | - | - | - | €2,512 | €2,498 | €1,746 | €15,457 | ▲ 785% |
| Recurring financial income75 | €2,776 | €3,255 | €3,919 | €2,512 | €2,498 | €1,746 | €1,522 | ▼ 12.8% |
| Non-recurring financial income76B | - | - | - | - | - | - | €13,936 | - |
| Financial charges65/66B | - | - | - | €6,358 | €5,317 | €5,051 | €4,886 | ▼ 3.3% |
| Recurring financial charges65 | €4,334 | €3,923 | €4,883 | €6,358 | €5,317 | €5,051 | €4,886 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€5,006 | €2,640 | €1,422 | €30,716 | €39,620 | €42,216 | -€8,661 | - |
| Income taxes67/77 | €2,328 | €2,330 | €1,808 | €9,974 | €12,657 | €13,820 | €480 | ▼ 96.5% |
| Profit (loss) for the period9904 | -€7,334 | €310 | -€386 | €20,742 | €26,963 | €28,396 | -€9,141 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,334 | €310 | -€386 | €20,742 | €26,963 | €28,396 | -€9,141 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €91,500 | €96,214 | €101,701 | €115,690 | €130,336 | €149,228 | €179,162 | ▲ 20.1% |
| Fixed assets21/28 | €10,259 | €6,014 | €7,867 | €7,713 | €9,822 | €14,236 | €16,865 | ▲ 18.5% |
| Tangible fixed assets22/27 | €9,734 | €5,489 | €7,342 | €7,188 | €9,597 | €14,011 | €16,640 | ▲ 18.8% |
| Furniture and vehicles24 | - | - | - | €7,188 | €9,597 | €14,011 | €16,640 | ▲ 18.8% |
| Financial fixed assets28 | €525 | €525 | €525 | €525 | €225 | €225 | €225 | = |
| Current assets29/58 | €81,241 | €90,200 | €93,834 | €107,977 | €120,514 | €134,991 | €162,297 | ▲ 20.2% |
| Amounts receivable after more than one year29 | - | - | - | €77,633 | €77,633 | €77,633 | €52,133 | ▼ 32.8% |
| Other amounts receivable291 | - | - | - | €77,633 | €77,633 | €77,633 | €52,133 | ▼ 32.8% |
| Stocks and contracts in progress3 | €19,333 | €4,450 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €54,407 | €81,763 | €57,994 | €27,154 | €39,105 | €56,995 | €109,414 | ▲ 92.0% |
| Trade receivables40 | - | - | - | €22,716 | €35,215 | €56,690 | €82,323 | ▲ 45.2% |
| Other amounts receivable41 | - | - | - | €4,438 | €3,890 | €304 | €27,091 | ▲ 89× |
| Cash at bank and in hand54/58 | - | €11 | €4,301 | €1,144 | €1,851 | €10 | €35 | ▲ 250% |
| Deferred charges and accrued income490/1 | - | - | - | €2,045 | €1,924 | €353 | €715 | ▲ 102% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €91,500 | €96,214 | €101,701 | €115,690 | €130,336 | €149,228 | €179,162 | ▲ 20.1% |
| Equity10/15 | €40,064 | €40,375 | €39,989 | €60,731 | €62,758 | €91,155 | €82,014 | ▼ 10.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €33,864 | €34,175 | €34,175 | €54,531 | €56,558 | €84,955 | €75,814 | ▼ 10.8% |
| Non-distributable reserves130/1 | - | - | - | €3,263 | €3,263 | €3,263 | €3,263 | = |
| Reserves not available under the articles1311 | - | - | - | €3,263 | €3,263 | €3,263 | €3,263 | = |
| Distributable reserves133 | - | - | - | €51,268 | €53,295 | €81,692 | €72,551 | ▼ 11.2% |
| Profit (loss) carried forward14 | - | - | -€386 | - | - | - | - | - |
| Amounts payable17/49 | €51,435 | €55,839 | €61,712 | €54,959 | €67,577 | €58,073 | €97,147 | ▲ 67.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €11,701 | €7,963 | ▼ 31.9% |
| Financial debts170/4 | - | - | - | - | - | €11,701 | €7,963 | ▼ 31.9% |
| Amounts payable within one year42/48 | €49,721 | €55,306 | €61,412 | €54,642 | €67,260 | €46,055 | €88,867 | ▲ 93.0% |
| Trade debts44 | €7,584 | €14,273 | €17,614 | €14,338 | €11,673 | €1,510 | €6,392 | ▲ 323% |
| Suppliers440/4 | - | - | - | €14,338 | €11,673 | €1,510 | €6,392 | ▲ 323% |
| Taxes, remuneration and social security45 | - | - | - | €12,306 | €27,611 | €43,431 | €62,160 | ▲ 43.1% |
| Taxes450/3 | - | - | - | €11,782 | €27,611 | €43,431 | €62,160 | ▲ 43.1% |
| Remuneration and social security454/9 | - | - | - | €524 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €27,998 | €27,976 | €1,113 | €20,315 | ▲ 18× |
| Accrued charges and deferred income492/3 | - | - | - | €317 | €317 | €317 | €317 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,334 | €310 | -€386 | €20,742 | €26,963 | €28,396 | -€9,141 | - |
| + Depreciation and write-downs630 | €6,199 | €5,285 | €5,468 | €2,533 | €2,752 | €4,595 | €4,832 | ▲ 5.1% |
| Operating cash flow (approximation) | -€1,135 | €5,596 | €5,082 | €23,275 | €29,715 | €32,992 | -€4,309 | - |
| Investment in fixed assets (approximation) | - | -€1,041 | -€7,321 | -€2,379 | -€4,861 | -€9,010 | -€7,460 | ▲ 17.2% |
| Change in cash | - | - | €4,291 | -€3,157 | €707 | -€1,841 | €25 | - |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 27-02-2026 | 2026-00044691 |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00338930 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00428520 |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20267815 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27700431 |
| 31-12-2019 | micro format | 25-09-2020 | 2020-56000227 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54200580 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-39700121 |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47500434 |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-50500345 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SCHEPERS Jürgen |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Carl Schreurs Pastoor Raeymaekers- Straat 25, 3600 Genk |
22-01-2026 → 26-03-2026 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-03
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- Board meeting, 21-12-2023
- Registered-office move, Ward Schoutedenstraat 3 bus 16 te 3580 Beringen
- Director in office, Schepers Jürgen (director)
12-01
Gazette deed
Resignation: SCHEPERS Jürgen (manager)Reappointment: SCHEPERS Jürgen (director) · Amendment of the articles · Capital conversion7 facts ▸
- General meeting, “vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “werkelijk gestort kapitaal en wettelijke reserve, niet-opgevraagde inbrengen” (deed in Dutch)
- Director resignation, SCHEPERS Jürgen (manager)
- Director reappointment, SCHEPERS Jürgen (director)
- Other provision, “kwijting ontslagnemende zaakvoerder voor uitoefening mandaat, volgende jaarvergadering” (deed in Dutch)
- Registered office clause, “Vrevijverstraat 35,3582 Beringen (Koersel), artikel 2” (deed in Dutch)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has 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 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0477.026.204
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71004A0149/00P002 | Flanders | 7,595 m² | 1 · 289 m² | 13.0 m · 1 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- CREATEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan,in België of in het buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1” (deed in Dutch)“Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)