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CREATERRE

Active Private limited companyfounded 2020active for 6 yearsProvinciebaan 51, 8880 LedegemKBO/BCE: BE 0748.511.683
CREATERRE
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Overview

Lifetime

5 annual accounts with figures on one time axis
peak €235,672 (2022)
€212,481▲ 64.1%
peak €66,257 (2022)
€62,498▲ 278%
peak €185,438 (2026)
€185,438▲ 28.8%
€247,386▼ 23.8%
Board2 names since 2020
1 directorHINDRICKX Loran
Documentsfilings and deeds
21-09-202640 days before the deadline
2026micro format
Gross margin from €129,493 to €212,481Result from €16,541 to €62,498Equity from €143,940 to €185,438Debts from €324,802 to €247,386

Key points

from the 2026 annual accounts

Equity

€185,438 ▲ 28.8%

CREATERRE has made a profit in every financial year since 2022.

Turnover

≈ €700,000 estimated

The micro format states no turnover.

Position in the sector

€62,498

Higher net result than 87% of companies in specialised construction. Sector median €11,958 · 1,041 companies.

Checked score

83
Excellent
Financially stronger than 57% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.8%highest value 01-2025: 1.8%● unchanged vs 12-2024highest value 02-2025: 1.8%● unchanged vs 01-2025highest value 03-2025: 1.8%● unchanged vs 02-2025highest value 04-2025: 1.8%● unchanged vs 03-2025highest value 05-2025: 1.0%▼ -0.8 percentage points vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.1%▲ +0.1 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.7%▲ +0.6 percentage points vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 1.7%● unchanged vs 07-2026 09-2026: 1.5%▼ -0.2 percentage points vs 08-2026 10-2026: 0.5%▼ -1.0 percentage point vs 09-2026lowest value 11-2026: 0.5%● unchanged vs 10-2026lowest value

Financial strength
Strong

68+12equity 42.8% of total assets
45-24short-term debt 31.9% · cash 6.9%
87+14return on assets 14.4%

Score breakdown

raises risk
Sector: Specialised construction activities (NACE 43)
Founded in 2020
lowers risk
Size: total assets €432,824
Figures for financial year 2026 (filed on 21-09-2026)
Calculation

The band follows from the bankruptcy probability. 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). It does better than 46% of them on solvency, 35% on liquidity, 71% on profitability and 74% on growth.

The bankruptcy probability was computed on 06-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-03-2026.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as CREATERRE has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CREATERRE itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for CREATERRE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €15,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.84 (0.57 in 2025), below 1. Short-term debt is 31.9% and cash 6.9% of total assets. 57.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €432,824
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 21-09-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2026
40 days early
2025
on the day
2024
3 days early
2023
32 days early
2022
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 15 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 28 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HL
HINDRICKX Loran
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0748511683
Registered office moved from Sint-Eloois-Winkel to Ledegem New registered office: Provinciebaan 51 Bus 1 te 8880 Ledegem · Previous registered office: Rollegem-Kapelsestraat 70 te 8880 Sint-Eloois-Winkel · Board meeting of 15-03-2023 · Gazette deed
Resignation: Henk DUFRAIMONT (director) Director discharge: Henk DUFRAIMONT · General meeting of 31-03-2022 · Gazette deed
Incorporation published on 16-06-2020 · Gazette deed
All 13 events

Comparable companies

same main activity, similar in size and age
Company
CREATERRE Ledegem €432,824 €212,481 42.8% -
BOZ COMPANY Wetteren €418,112 €204,797 57.9% -
TRK Infra Zele €403,750 €175,536 36.9% -
Pricinote Deco Auderghem €413,871 €184,805 87.3% -
HUYNEN BENOIT Thimister-Clermont €461,288 €166,468 25.8% -
CLAY CONTRACTORS Willebroek €497,524 €178,693 9.0% -
KINET ET FILS Namur €463,967 €267,295 2.2% -

These companies have the same main activity as CREATERRE: site preparation (NACE 43120). They are comparable in size and age: total assets between €404,000 and €498,000, founded between 2019 and 2021.

Official details

Source: KBO
Status
Active since 12-06-2020Normal situation
Registered office
12 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
Activity
Site preparationNACE 43120and 1 other
Joint committee
124Construction · annual accounts 31-03-2026
Establishment unit
2.303.401.5908880 Ledegem, since 12-06-2020
Financial year end
31 March
Peppol
Reachable since 01-10-2025
Company details

Annual accounts to 31-03-2026

€212,481▲ 64.1%
€62,498▲ 278%
€185,438▲ 28.8%
€432,824▼ 7.7%
Employeeson 31-03-2026
1=
Filing
Filed on 21-09-2026, 40 days before the end of the filing period
Financials

Insights on CREATERRE

CREATERRE files the micro format. That format states no turnover. The gross margin fell from €235,672 in 2022 to €212,481 in 2026.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

micro format, filed on 21-09-2026, 40 days before the deadline
€212,481
▲ 64.1%
€81,264
▲ 228%
€62,498
▲ 278%
-€22,073
▲ €49,071
42.8%
▲ 12.1 percentage points
0.84
▲ 0.27

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €700,000. Estimated: probably between €530,000 and €970,000.

Balance sheet

balance sheet total €432,824 on 31-03-2026
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

42.8%

Higher than 32% of 35,074 companies in 2025.

0.84

Higher than 8% of 34,450 companies in 2025.

14.4%

Higher than 38% of 34,650 companies in 2025.

CREATERRE Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Staff

€58,499

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20262025202420232022
Balance sheet: assets
20/58 432,824468,742425,080431,079351,140
21/28 316,775375,547346,361378,903305,969
22/27 312,140370,912341,726374,268302,834
23 24,74629,12041,58343,79160,263
24 38,71042,37226,92425,89148,652
25 248,684299,420273,219304,586193,919
28 4,6354,6354,6354,6353,135
29/58 116,04893,19578,71952,17545,171
40/41 80,34082,49067,38342,47340,813
40 69,70764,30154,98632,12431,093
41 10,63318,18912,39810,3489,720
54/58 29,921-1,6704,9931,186
490/1 5,78710,7069,6664,7093,172
Balance sheet: equity and liabilities
10/49 432,824468,742425,080431,079351,140
10/15 185,438143,940127,39995,93886,257
10/11 20,00020,00020,00020,00020,000
13 165,438123,940107,39975,93866,257
133 165,438123,940107,39975,93866,257
17/49 247,386324,802297,681335,141264,883
17 109,265160,464169,348228,348159,272
170/4 109,265160,464169,348228,348159,272
42/48 138,121164,338128,332106,793105,411
42 51,19967,63959,00057,96658,448
43 -20,934---
430/8 -20,934---
44 18,02347,86340,04514,88525,976
440/4 18,02347,86340,04514,88525,976
45 15,5234,131-3,5731,758
450/3 12,185231-201396
454/9 3,3393,899-3,3711,362
47/48 53,37623,77229,28830,37019,229
492/3 ----200
Income statement
9900 212,481129,493119,624101,985235,672
62 58,49942,38526,22121,40779,807
630 70,51959,52153,66763,02383,480
640/8 2,1992,7811,9582,6512,302
9901 81,26424,80537,77814,90470,083
75/76B 2991,08311,19996
75 2991,08311,19996
65/66B 7,0316,3136,3186,4233,922
65 7,0316,3136,3186,4233,922
9903 74,53319,57531,4619,68066,257
67/77 12,0343,034---
9904 62,49816,54131,4619,68066,257
9905 62,49816,54131,4619,68066,257
Appropriation of the result
9906 62,49816,54131,4619,68066,257
691/2 41,49816,54131,4619,68066,257
6921 41,49816,54131,4619,68066,257
694/7 21,000----
695 21,000----
Social balance sheet
9087 10.80.51.11
Hours worked1013 1,9791,4459526742,674
Document PDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 21-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 21-09-2026 2026-00517666 PDF
31-03-2025 micro format 31-10-2025 2025-00555595 PDF
31-03-2024 micro format 28-10-2024 2024-00515952 PDF
31-03-2023 micro format 29-09-2023 2023-00462727 PDF
31-03-2022 micro format 31-10-2022 2022-20478502 PDF

Subsidies and aid

Flemish government 2023, 1 entry, €1,500 awarded, €1,500 paid

Subsidies ecologisch en veilig transport (discontinued)
€1,500

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022
151,78484,32691,44577,927153,563
133,01876,06285,12872,703149,737
12,83688,70724,404156,327389,450
---3,3243,807-
-22,073-71,143-49,614-54,618-60,240
42.8%30.7%30.0%22.3%24.6%
0.840.570.610.490.43
1.332.262.343.493.07
33.7%11.5%24.7%10.1%76.8%
14.4%3.5%7.4%2.2%18.9%
21.5913.3614.4712.1339.15

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Employees at the balance-sheet date11-11
full-time11-11
in full-time equivalents11-11
10.80.51.11
On a permanent contract11-11
Joined-1218
Left-0317

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€12,836€88,707€24,404€154,827€386,315
Financial fixed assets---€1,500€3,135
€70,519€59,521€53,667€63,023€83,480

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on CREATERRE

The operating result for 2026 is nearly 3.3 times that of 2025 and the highest since 2022. It is a recovery after the fall in 2025.

Debt's share of the balance-sheet total falls from 69.3% to 57.2%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2022
HINDRICKX Loran
Director
listed in the 2026 annual accounts, filed on 21-09-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
HINDRICKX Loran
Director
Henk DUFRAIMONT
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • HINDRICKX Loran
    • Director, from 11-06-2020 to date
  • Henk DUFRAIMONT
    • Director, until 31-03-2022

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€20,000
Source
2026 annual accounts

Network & group

No group

CREATERRE has no parent and no holdings in its annual accounts. HINDRICKX Loran is the only director. CREATERRE shares no director with another company.

At the same address

Provinciebaan 51, 8880 Ledegem · 11 other companies
MDB PROJECTS
registered office since 25-09-2002 · founded in 2002
 total assets €11.8m (2023)
0477.815.961
BRAZZ SAUVAGE
establishment since 14-01-2010 · founded in 2010 · accounts filed late
 total assets €5.7m (2024)
0822.446.073
GADEX
registered office since 02-02-2000 · founded in 1999 · accounts filed late
 total assets €2.9m (2023)
0468.063.404
BC 51
registered office since 28-06-2018 · founded in 2018 · negative equity (2025)
 total assets €927,407 (2025)
0695.959.954
MICHEL GRYSPEERDT
registered office since 21-03-2006 · founded in 2006
 total assets €660,439 (2025)
0880.219.471
ATHINA IMPORT EXPORT
registered office since 09-02-1990 · founded in 1989
 total assets €131,924 (2025)
0439.459.587
BUREAU D
registered office since 16-04-2018 · founded in 2018
 total assets €85,667 (2025)
0694.757.253
Enairko
establishment since 30-04-2023 · founded in 2023
 total assets €28,451 (2024)
0801.310.169
Lucas, Denis (sole trader)
establishment since 01-06-2024
 founded in 2024
0828.955.367
Demeulenaere Stefaan
registered office since 05-12-2019
 founded in 2016
0667.590.721
and 1 more

Timeline

Timeline

13 events since 2020

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBmicro format · 40 days before the deadline
Equity above €150,000 equity €185,438 ▲28.8% With a profit in every financial year since 2022, equity grows to €185,438.
2025
Annual accounts 2025 filed PDFmicro format · on the deadline day
Registered in the Peppol Directory Reachable for e-invoices through 0208:0748511683
2024
Annual accounts 2024 filed PDFmicro format · 3 days before the deadline
Equity above €100,000 equity €127,399 ▲32.8% With a profit in every financial year since 2022, equity grows to €127,399.
2023
Annual accounts 2023 filed PDFmicro format · 32 days before the deadline
Registered office moved from Sint-Eloois-Winkel to LedegemNew registered office: Provinciebaan 51 Bus 1 te 8880 Ledegem · Previous registered office: Rollegem-Kapelsestraat 70 te 8880 Sint-Eloois-Winkel · Board meeting of 15-03-20232 points ▸
  • Board meeting, 15-03-2023
  • Registered-office move, Provinciebaan 51 Bus 1 te 8880 Ledegem

Open the deed in the Belgian Official Gazette

Weakest financial year net €9,680 ▼85.4% The net result drops to €9,680, the lowest from 2022 to 2026. It recovers the following year.
2022
Annual accounts 2022 filed PDFmicro format · on the deadline day
Resignation: Henk DUFRAIMONT (director)Director discharge: Henk DUFRAIMONT · General meeting of 31-03-20223 points ▸

Open the deed in the Belgian Official Gazette

2020
Incorporation PDFpublished on 16-06-2020
First establishment Provinciebaan 51, Ledegem

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CREATERRE was incorporated on 12 June 2020 as a private limited company.1 The registered office was moved to Ledegem in 2023.2 Total assets rose from €351,140 in 2022 to €432,824 in 2026 and headcount from 1 to 1 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-04-2023
  3. 3National Bank, annual accounts 2022 and 2026

Company details

Identity

Enterprise number
0748.511.683
VAT number
BE 0748.511.683
Peppol ID
0208:0748511683
Other Peppol ID
9925:BE0748511683
Legal form
Private limited company
Status
Active, normal situation
Founded
12-06-2020
Financial year
ends on 31 March
Peppol
Reachable since 01-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CREATERRE in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
43120 Site preparation main activity
77399 Renting and leasing of other machinery, equipment and tangible goods
Social security (RSZ) activities
43120 Site preparation main activity
Joint committees annual accounts 31-03-2026
JC 124 Construction
Codes under NACEBEL 2008
VAT activities
43120 Site preparation main activity
77399 Renting and leasing of other machinery, equipment and tangible goods
Social security (RSZ) activities
43120 Site preparation main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Provinciebaan 51 registered office 8880 Ledegem 12-06-2020 2.303.401.590
1 former office
  • Rollegem-Kapelsestraat 70, 8880 Sint-Eloois-Winkel until 01-03-2023 · deed of 14-04-2023

Buildings and parcels at the address

Ground area
3,265 m²
Buildings
1,147 m²
Volume, LiDAR
7,962 m³
Tallest building
8.9 m
Buildings to scale, each on its own parcel
1,147 m², 8.9 m 1,147 m², 8.9 m

Location

registered office establishment The establishment unit on the map
12 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
36010B0386/00P0023,265 m² 1 · 1,147 m² 8.9 m · 2

Invoicing and payment

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. Use the enterprise number 0748.511.683

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