Equity
CREATIC has made a profit in every financial year since 2016.
CREATIC has made a profit in every financial year since 2016.
The result fell in 2025 from €285,266 to €123,345.
Of this, €962,576 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 17.8% higher than in 2024.
In 2025, 6 people joined and 8 left.
Board changed. Latest change 26-08-2026 · 1 in office.
The dashed line is the sector median: 0.1% across 184 companies (NACE 63, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 63, small). It does better than 37% of them on solvency, 28% on liquidity, 44% on profitability and 48% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
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).
In July 2024, 4,107 companies had the same profile as CREATIC has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CREATIC itself: 0.5% within 12 months.
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.
| 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 4,107 companies, not a prediction for CREATIC. 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.
Liquidity is tight, with a current ratio of 1.17 (1.13 in 2024), below the usual 1.5. Short-term debt is 30.6% and cash 0.4% of total assets. 73% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
These companies have the same main activity as CREATIC: web portal activities (NACE 63910). They are comparable in size and age: total assets between €2.4m and €5m, founded between 2009 and 2018.
CREATIC files the abbreviated format. That format states no turnover. The gross margin rose from €65,198 in 2016 to €1.7m in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.9m. Estimated: probably between €2.0m and €4.8m.
Higher than 35% of 569 companies in 2025.
Higher than 37% of 546 companies in 2025.
Higher than 48% of 560 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 6 people joined and 8 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
3.1m | 2.9m | 1.6m | 1.3m | 1.1m | 963,026 | 592,646 | 242,424 | 216,282 | 154,303 | |
21/28 |
2.0m | 1.8m | 660,646 | 705,742 | 752,166 | 585,744 | 381,906 | 75,179 | 77,387 | 89,205 | |
21 |
155,280 | 157,874 | 25,987 | 29,157 | 30,768 | 40,245 | 49,721 | 57,278 | 66,370 | 70,000 | |
22/27 |
1.9m | 1.7m | 631,282 | 673,207 | 714,986 | 542,275 | 328,960 | 14,677 | 11,017 | 19,205 | |
22 |
1.7m | 1.4m | 579,903 | 617,812 | 655,582 | 504,913 | 296,737 | - | - | - | |
23 |
38,149 | 39,089 | 40,267 | 35,706 | 39,876 | 20,089 | 10,306 | 9,943 | 4,273 | 4,474 | |
24 |
27,146 | 19,768 | 11,112 | 19,690 | 19,528 | 17,273 | 21,916 | 976 | 2,108 | 5,921 | |
25 |
120,008 | 153,008 | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | 3,758 | 4,636 | 8,810 | |
27 |
- | 28,450 | - | - | - | - | - | - | - | - | |
28 |
3,515 | 3,378 | 3,378 | 3,378 | 6,412 | 3,225 | 3,225 | 3,225 | - | - | |
29/58 |
1.1m | 1.1m | 918,164 | 606,826 | 388,962 | 377,282 | 210,740 | 167,244 | 138,895 | 65,098 | |
3 |
124,193 | 129,923 | 76,135 | 38,175 | 26,750 | - | - | - | - | - | |
37 |
124,193 | 129,923 | 76,135 | 38,175 | 26,750 | - | - | - | - | - | |
40/41 |
912,243 | 927,598 | 672,430 | 446,266 | 287,856 | 248,527 | 132,616 | 76,277 | 105,311 | 38,744 | |
40 |
528,596 | 740,851 | 656,246 | 381,266 | 265,456 | 221,426 | 129,944 | 68,652 | 102,492 | 29,599 | |
41 |
383,647 | 186,747 | 16,184 | 65,000 | 22,401 | 27,101 | 2,671 | 7,625 | 2,818 | 9,144 | |
54/58 |
11,434 | 22,755 | 126,332 | 94,405 | 73,755 | 126,073 | 52,717 | 89,335 | 32,693 | 25,801 | |
490/1 |
74,354 | 17,340 | 43,267 | 27,980 | 600 | 2,681 | 25,408 | 1,631 | 892 | 553 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
3.1m | 2.9m | 1.6m | 1.3m | 1.1m | 963,026 | 592,646 | 242,424 | 216,282 | 154,303 | |
10/15 |
848,379 | 793,833 | 508,567 | 402,489 | 317,297 | 254,882 | 169,418 | 100,618 | 100,618 | 72,822 | |
10/11 |
- | - | - | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |
100 |
- | - | - | - | - | - | 60,000 | 60,000 | 60,000 | 60,000 | |
13 |
848,379 | 793,833 | 508,567 | 342,489 | 257,297 | 194,882 | 109,418 | 40,618 | 40,618 | 12,822 | |
130/1 |
- | - | - | 6,000 | 6,000 | 6,000 | - | - | - | - | |
130 |
- | - | - | - | - | - | 6,000 | 6,000 | 6,000 | 6,000 | |
1311 |
- | - | - | 6,000 | 6,000 | 6,000 | - | - | - | - | |
133 |
848,379 | 793,833 | 508,567 | 336,489 | 251,297 | 188,882 | 103,418 | 34,618 | 34,618 | 6,822 | |
17/49 |
2.3m | 2.1m | 1.1m | 910,079 | 823,830 | 708,144 | 423,229 | 141,805 | 115,664 | 81,481 | |
17 |
1.3m | 1.2m | 404,490 | 459,525 | 506,004 | 441,336 | 292,220 | 57,743 | 60,000 | 60,000 | |
170/4 |
1.3m | 1.2m | 404,490 | 459,525 | 506,004 | 411,336 | 242,220 | 7,743 | - | - | |
178/9 |
- | - | - | - | - | 30,000 | 50,000 | 50,000 | 60,000 | 60,000 | |
42/48 |
962,576 | 974,078 | 665,753 | 450,554 | 317,816 | 265,589 | 129,758 | 82,412 | 53,111 | 20,185 | |
42 |
146,513 | 137,177 | 58,458 | 54,821 | 53,859 | 33,789 | 23,565 | 5,049 | - | - | |
43 |
375,496 | 323,005 | 292,401 | 106,129 | 35,000 | 50,000 | - | - | - | - | |
430/8 |
375,496 | 323,005 | 292,401 | 106,129 | 35,000 | 50,000 | - | - | - | - | |
44 |
107,984 | 211,286 | 99,691 | 77,994 | 85,487 | 34,893 | 18,938 | 26,568 | 21,861 | 6,896 | |
440/4 |
107,984 | 211,286 | 99,691 | 77,994 | 85,487 | 34,893 | 18,938 | 26,568 | 21,861 | 6,896 | |
46 |
- | - | 3,364 | 3,970 | 507 | 699 | 6,469 | 1,369 | 199 | - | |
45 |
332,583 | 302,610 | 207,738 | 178,274 | 135,608 | 141,120 | 70,786 | 29,925 | 30,411 | 13,289 | |
450/3 |
154,961 | 117,942 | 73,678 | 61,637 | 38,387 | 74,783 | 43,641 | 16,104 | 21,359 | 9,585 | |
454/9 |
177,622 | 184,669 | 134,060 | 116,637 | 97,221 | 66,337 | 27,146 | 13,821 | 9,052 | 3,704 | |
47/48 |
- | - | 4,101 | 29,365 | 7,356 | 5,089 | 10,000 | 19,500 | 640 | - | |
492/3 |
28,848 | - | - | - | 10 | 1,218 | 1,250 | 1,650 | 2,553 | 1,296 | |
| Income statement | |||||||||||
70 |
- | - | - | - | - | - | - | - | - | 290,519 | |
76A |
- | - | - | 10,248 | 3,847 | 9,470 | - | - | 567 | 3,325 | |
9900 |
1.7m | 1.7m | 1.2m | 968,171 | 659,903 | 516,156 | 285,622 | 106,231 | 120,252 | 65,198 | |
60/61 |
- | - | - | - | - | - | - | - | - | 232,856 | |
62 |
1.2m | 1.0m | 807,171 | 727,615 | 490,249 | 292,264 | 110,409 | 53,293 | 42,718 | 11,298 | |
630 |
182,071 | 159,112 | 98,477 | 91,360 | 72,801 | 72,431 | 47,813 | 20,537 | 20,705 | 27,159 | |
640/8 |
16,073 | 6,910 | 5,163 | 7,677 | 6,976 | 10,902 | 2,989 | 2,107 | 3,783 | 2,862 | |
66A |
74,802 | - | - | 855 | - | 5,722 | 9,763 | 182 | 619 | 475 | |
9901 |
265,217 | 470,175 | 326,803 | 140,663 | 89,878 | 134,838 | 114,648 | 30,112 | 52,428 | 23,405 | |
75/76B |
15,034 | 3,040 | 3,342 | 264 | 1,052 | 1,635 | 26 | 38 | 91 | 3,332 | |
75 |
15,034 | 3,040 | 1,630 | 264 | 83 | 288 | 26 | 38 | 91 | 7 | |
76B |
- | - | 1,712 | - | 969 | 1,347 | - | - | - | 3,325 | |
65/66B |
91,257 | 55,275 | 19,632 | 13,486 | 11,288 | 11,510 | 9,466 | 4,423 | 4,885 | 4,866 | |
65 |
91,257 | 55,275 | 19,632 | 13,486 | 11,288 | 11,510 | 9,466 | 4,423 | 4,885 | 4,866 | |
9903 |
188,994 | 417,940 | 310,513 | 127,441 | 79,642 | 124,963 | 105,207 | 25,727 | 47,634 | 21,871 | |
67/77 |
65,649 | 132,674 | 103,816 | 40,649 | 15,628 | 34,409 | 26,408 | 6,227 | 19,197 | 9,049 | |
9904 |
123,345 | 285,266 | 206,696 | 86,792 | 64,015 | 90,553 | 78,799 | 19,500 | 28,437 | 12,822 | |
9905 |
123,345 | 285,266 | 206,696 | 86,792 | 64,015 | 90,553 | 78,799 | 19,500 | 28,437 | 12,822 | |
| Appropriation of the result | |||||||||||
9906 |
123,345 | 285,266 | 206,696 | 86,792 | 64,015 | 90,553 | 78,799 | 19,500 | 28,437 | 12,822 | |
791/2 |
68,799 | - | 40,618 | - | - | - | - | - | - | - | |
691/2 |
123,345 | 285,266 | 206,696 | 85,192 | 62,415 | 85,465 | 68,799 | - | 27,797 | 12,822 | |
6920 |
- | - | - | - | - | - | - | - | - | 6,000 | |
6921 |
123,345 | 285,266 | 206,696 | 85,192 | 62,415 | 85,465 | 68,799 | - | 27,797 | 6,822 | |
694/7 |
68,799 | - | 40,618 | 1,600 | 1,600 | 5,089 | 10,000 | 19,500 | 640 | - | |
694 |
68,799 | - | 40,618 | 1,600 | 1,600 | 1,600 | 10,000 | 19,500 | 640 | - | |
696 |
- | - | - | - | - | 3,489 | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
17.2 | 19 | 13 | 14.6 | 10.8 | 7.1 | 2.6 | 1.3 | 1 | 0.3 | |
Hours worked1013 |
29,691 | 27,998 | 20,686 | 22,709 | 17,789 | 12,707 | 4,823 | 2,227 | 1,823 | 582 | |
| Document | |||||||||||
The notes to these accounts have 17 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 2025 at the NBB, filed on 19-08-2026.
2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00406288.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-08-2026 | 2026-00406288 | |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00243026 | |
| 31-12-2023 | abbreviated format | 27-08-2024 | 2024-00373316 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00204847 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20145906 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-34400173 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31900075 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-39400055 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-28100401 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-39900092 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €7,365 | €7,365 |
| 2024 | 2 | €12,153 | €12,153 |
| 2023 | 1 | €4,469 | €5,627 |
| 2022 | 1 | €2,768 | €2,768 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 447,288 | 629,287 | 425,279 | 232,024 | 162,679 | 207,268 | 162,460 | 50,649 | 73,133 | 50,564 | ||
| 305,416 | 444,378 | 305,173 | 178,152 | 136,816 | 162,984 | 126,612 | 40,037 | 49,142 | 39,981 | ||
| 766,977 | 1.3m | 53,380 | 52,875 | 240,805 | 282,339 | 364,302 | 24,586 | 10,819 | 118,028 | ||
| -11,321 | -103,577 | 31,927 | 20,650 | -52,318 | 73,357 | -36,619 | 56,642 | 6,891 | - | ||
| 159,649 | 123,538 | 252,411 | 156,272 | 71,145 | 111,692 | 80,982 | 84,832 | 85,784 | 44,913 | ||
| - | - | - | - | - | - | - | - | - | 8.1% | ||
| 27.0% | 27.1% | 32.2% | 30.7% | 27.8% | 26.5% | 28.6% | 41.5% | 46.5% | 47.2% | ||
| 1.17 | 1.13 | 1.38 | 1.35 | 1.22 | 1.42 | 1.62 | 2.03 | 2.62 | 3.23 | ||
| 1.04 | 0.99 | 1.26 | 1.26 | 1.14 | 1.42 | 1.62 | 2.03 | 2.62 | 3.23 | ||
| 2.71 | 2.69 | 2.10 | 2.26 | 2.60 | 2.78 | 2.50 | 1.41 | 1.15 | 1.12 | ||
| 14.5% | 35.9% | 40.6% | 21.6% | 20.2% | 35.5% | 46.5% | 19.4% | 28.3% | 17.6% | ||
| 3.9% | 9.7% | 13.1% | 6.6% | 5.6% | 9.4% | 13.3% | 8.0% | 13.1% | 8.3% | ||
| 4.90 | 11.38 | 21.66 | 17.20 | 14.41 | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 37 days | ||
| - | - | - | - | - | - | - | - | - | 11 days |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 17 | 19 | 13 | 18 | 16 |
| full-time | 10 | 16 | 11 | 12 | 11 |
| part-time | 7 | 3 | 2 | 6 | 5 |
| in full-time equivalents | 15.7 | 18.4 | 12.7 | 14.3 | 12.3 |
| 17.2 | 16.1 | 13 | 14.6 | 10.8 | |
| On a permanent contract | 17 | 19 | 13 | 13 | 11 |
| Joined | 6 | 7 | 6 | 9 | 10 |
| Left | 8 | 1 | 11 | 7 | 5 |
| Training hours | - | 4 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €620,476 | - |
| Mortgages, amount registered | - | €175,000 | - | €55,000 | €55,000 |
| - | €1.5m | - | €475,200 | €475,200 | |
| Carrying value of the mortgaged assets | - | €1.2m | - | €617,812 | €655,582 |
| - | - | - | €266,994 | €166,994 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €726,504 | €1.2m | €46,525 | €44,725 | €237,619 |
| Intangible fixed assets | €40,335 | €156,297 | €6,855 | €8,150 | - |
| Financial fixed assets | €137 | - | - | - | €3,187 |
| €182,071 | €159,112 | €98,477 | €91,360 | €72,801 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 44% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 72.9% to 73.0%. Equity and debt are higher.
Deed of 08-10-2026Demerger: CREATIC splits off to ORIGO INVESTCapital decrease of €522,972.69 to €325,405.91 · Capital from €848,378.60 to €325,405.91 · Appointment: Foederer Bedrijfsrevisoren BV (company auditor) · General meeting of 26-08-2026
Source: list of holdings in its own 2022 accounts. Every holding stands with its own latest accounts.
| EREFDE
establishment since 22-12-2000 · founded in 2000 · accounts filed late |
total assets €335,577 (2024) 0472.124.239 |
| E.M.S.-RUTTEN
registered office since 08-10-2009 · founded in 2009 |
total assets €236,300 (2025) 0819.422.445 |
| Aurentis Group
registered office since 21-08-2026 |
founded in 2026 1041.535.520 |
| Vereniging van Mede-eigenaars van het gebouw te 3910 Neerpelt, Stationsstraat 51
registered office since 31-08-1998 |
founded in 1998 0823.950.662 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72362C0647/00B002 | 1,143 m² | 1 · 200 m² | 14.4 m · 4 |
| 72362C0606/00R002 | 514 m² | 1 · 281 m² | 13.6 m · 3 |
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