CREATECH
ActiveSummary
The annual accounts of CREATECH for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €24,567 and a net result of -€34,101. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 13,564 sector peers (NACE 46, fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- €24,567
- Loss
- -€34,101
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €34,101, the second in a row (FY 2025)- Latest accounts 28 days late; 1 of the last 3 late+ Size: total assets €154,371+ Founded in 1992Show the evidence
Checked score
About 1 in 100 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 46, micro): better than 28% on solvency, 10% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 07-10-2026 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 68 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result stays negative: a loss of €33,200 in 2025 against €13,100 in 2024; the loss grows.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. 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 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% 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 1.1% 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% 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 1,221 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €529 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,571 | €3,771 | €9,741 | €265 | €426 | ▲ 60.5% |
| Other operating charges640/8 | - | - | - | €1,416 | €1,004 | €1,168 | €12,264 | ▲ 950% |
| Gross operating margin9900 | -€37,083 | €21,573 | €27,049 | -€33,939 | €14,103 | -€11,667 | -€19,982 | ▼ 71.3% |
| Operating profit (loss)9901 | -€39,298 | €17,276 | €23,249 | -€39,126 | €3,358 | -€13,100 | -€33,200 | ▼ 153% |
| Financial income75/76B | - | - | - | €56 | - | - | €0 | - |
| Recurring financial income75 | €168 | €53 | €14 | €56 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €3,116 | €3,300 | €1,923 | €702 | ▼ 63.5% |
| Recurring financial charges65 | €4,990 | €7,394 | €4,215 | €3,116 | €3,300 | €1,923 | €702 | ▼ 63.5% |
| Profit (loss) for the period before taxes9903 | -€44,120 | €9,935 | €19,048 | -€42,186 | €58 | -€15,023 | -€33,902 | ▼ 126% |
| Income taxes67/77 | - | €320 | €2,091 | €179 | €197 | €197 | €199 | ▲ 0.7% |
| Profit (loss) for the period9904 | -€44,120 | €9,615 | €16,957 | -€42,365 | -€139 | -€15,220 | -€34,101 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | -€44,120 | €9,615 | €16,957 | -€42,365 | -€139 | -€15,220 | -€34,101 | ▼ 124% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €164,288 | €213,739 | €184,679 | €184,275 | €146,622 | €168,919 | €154,371 | ▼ 8.6% |
| Fixed assets21/28 | €834 | €834 | €14,346 | €10,575 | €834 | €2,272 | €1,846 | ▼ 18.7% |
| Tangible fixed assets22/27 | - | - | €13,512 | €9,741 | - | €1,437 | €1,012 | ▼ 29.6% |
| Furniture and vehicles24 | - | - | - | €9,741 | - | €1,437 | €1,012 | ▼ 29.6% |
| Financial fixed assets28 | €834 | €834 | €834 | €834 | €834 | €834 | €834 | = |
| Current assets29/58 | €163,454 | €212,905 | €170,333 | €173,700 | €145,788 | €166,648 | €152,525 | ▼ 8.5% |
| Stocks and contracts in progress3 | €52,054 | €49,657 | €46,754 | €45,713 | €45,175 | €47,421 | €42,311 | ▼ 10.8% |
| Stocks30/36 | - | - | - | €45,713 | €45,175 | €47,421 | €42,311 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €76,645 | €129,094 | €88,650 | €88,377 | €74,098 | €84,591 | €77,431 | ▼ 8.5% |
| Trade receivables40 | - | - | - | €64,467 | €53,375 | €63,647 | €48,256 | ▼ 24.2% |
| Other amounts receivable41 | - | - | - | €23,910 | €20,723 | €20,944 | €29,175 | ▲ 39.3% |
| Cash at bank and in hand54/58 | - | €223 | €128 | €5,292 | €67 | €8,187 | €5,280 | ▼ 35.5% |
| Deferred charges and accrued income490/1 | - | - | - | €34,318 | €26,448 | €26,448 | €27,504 | ▲ 4.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €164,288 | €213,739 | €184,679 | €184,275 | €146,622 | €168,919 | €154,371 | ▼ 8.6% |
| Equity10/15 | €89,820 | €99,435 | €116,392 | €74,027 | €73,888 | €58,668 | €24,567 | ▼ 58.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | - | - | - | - |
| Reserves13 | €61,859 | €61,859 | €91,859 | €91,859 | €91,859 | €91,859 | €91,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Profit (loss) carried forward14 | €9,369 | €18,984 | €5,941 | -€36,425 | -€36,564 | -€51,783 | -€85,884 | ▼ 65.9% |
| Amounts payable17/49 | €74,468 | €114,304 | €68,287 | €110,249 | €72,734 | €110,251 | €129,804 | ▲ 17.7% |
| Amounts payable within one year42/48 | €74,468 | €114,304 | €59,662 | €95,299 | €72,734 | €110,251 | €129,804 | ▲ 17.7% |
| Financial debts43 | - | - | - | €24,135 | €19,763 | - | - | - |
| Credit institutions430/8 | - | - | - | €24,135 | €19,763 | - | - | - |
| Trade debts44 | €23,130 | €15,131 | €10,845 | €15,822 | €5,867 | €21,140 | €25,885 | ▲ 22.4% |
| Suppliers440/4 | - | - | - | €15,822 | €5,867 | €21,140 | €25,885 | ▲ 22.4% |
| Advances received on contracts in progress46 | - | - | - | €22,033 | €22,033 | €22,033 | €22,033 | = |
| Taxes, remuneration and social security45 | - | - | - | €5,229 | €3,783 | €861 | €665 | ▼ 22.7% |
| Taxes450/3 | - | - | - | €5,229 | €3,783 | €861 | €665 | ▼ 22.7% |
| Other amounts payable47/48 | - | - | - | €28,080 | €21,289 | €66,217 | €81,221 | ▲ 22.7% |
| Accrued charges and deferred income492/3 | - | - | - | €14,950 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,120 | €9,615 | €16,957 | -€42,365 | -€139 | -€15,220 | -€34,101 | ▼ 124% |
| + Depreciation and write-downs630 | - | - | €1,571 | €3,771 | €9,741 | €265 | €426 | ▲ 60.5% |
| Operating cash flow (approximation) | -€44,120 | €9,615 | €18,528 | -€38,595 | €9,602 | -€14,955 | -€33,675 | ▼ 125% |
| Investment in fixed assets (approximation) | - | €0 | -€15,083 | €0 | €0 | -€1,703 | €0 | ▲ 100% |
| Change in cash | - | - | -€95 | €5,164 | -€5,225 | €8,120 | -€2,907 | ▼ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 8 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392A0045/00P002 | Brussels | 137 m² | 1 · 79 m² | 12.6 m · 3 fl. |