Financials
- Fiscal year
- 2024
- Turnover
- €76,025
- Loss
- -€23,108
- Solvency
- -5.7%
Turnover▲ 1.6%
Net result
20182024
CREATHERM
ActiveSummary
The computed 12-month bankruptcy probability of CREATHERM is 5.1% (elevated). The 2024 annual accounts show negative equity (-€10,834) and a net result of -€23,108. Equity is shrinking by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 36365 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Joinery installation
NACE 43320NACE 45421
#8 oldest company in Jemeppe-sur-Sambre, Construction sector1 site
Size
€76,025turnover 2024
- Equity
- -€10,834
- Loss
- -€23,108
Structure
Accounts 63 d overdue
Why 36- Liquidity: current ratio 0.47- 1 financial year not filed after the legal deadline; latest accounts 83 days late; 3 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Size: turnover €76,025, total assets €190,983Show the evidence
Checked score
Score 2024
36
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 26% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
19-12
equity -5.7% of total assets
Liquidity
60-3
short-term debt 42.1%
Profitability
20-54
return on assets -12.1%
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 3.4%lowest value
10-2025: 4.0%▲ +17.7% vs 09-2025
11-2025: 5.7%▲ +40.2% vs 10-2025
12-2025: 5.7%● 0.0% vs 11-2025
01-2026: 5.8%▲ +1.6% vs 12-2025
02-2026: 5.8%● 0.0% vs 01-2026
03-2026: 5.8%● 0.0% vs 02-2026
04-2026: 5.8%▲ +1.0% vs 03-2026highest value
05-2026: 5.5%▼ -5.2% vs 04-2026
06-2026: 5.2%▼ -6.2% vs 05-2026
07-2026: 5.2%▲ +1.3% vs 06-2026
08-2026: 5.4%▲ +3.5% vs 07-2026
09-2026: 5.2%▼ -4.4% vs 08-2026
10-2026: 5.1%▼ -1.6% vs 09-2026
- Liquidity: current ratio 0.47 raises the probability
- Size: turnover €76,025, total assets €190,983 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 83 days late; 3 of the last 3 late raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
No credit on open account
Liquidity short (current ratio 0.47 against 0.47 in 2023; short-term debt: 42.1% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 7%, liquidity 57%, profitability 14%, growth against the median 27%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€10,834
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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
83 d late
2023
91 d late
2022
149 d late
2021
150 d late
2020
115 d late
2019
256 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 141 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€23,108
- Annual accounts filedfiscal year 2023 · micro…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€10,834 View
- Risk: 6 loss-making years in a rowloss fiscal year 2024 -€23,108 View
- Caution: Among the weakest 7% on net resultsector median €9,288 · 36,334 companies -€23,108 View
- Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
By topic
Timeline
- Events
- 11
- Since
- 2016
- 22-10-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 30-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 30-09-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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