CREATIONS
Open bankruptcyA bankruptcy procedure is open for CREATIONS according to publications in the Belgian State Gazette; curator: FRANCIS BRINGARD.
Summary
The 2023 annual accounts show negative equity (-€104,397) and a net result of -€17,130.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Hainaut, Charleroi division
- Declared bankrupt
- 2 March 2026
- Supervising judge
- Nathalie Briquet
- Official Gazette
- 03-06-2026 (pdf) ↗search the document for 2026/124172
Deadlines
- Provisional date payments stopped
- 2 March 2026A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 1 April 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 29 April 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Appeal or third-party opposition until
- passed on 18 June 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- 2 March 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Francis BringardRue ’T Serclaes De Tilly 49, 6061 Montignies-Sur-Sambre- . Date provisoire de cessation de paiement : 02/03/2026f.bringard@bringard-deneve.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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
not filed
2023
29 d late
2022
92 d late
2021
17 d late
2020
212 d late
2019
108 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 92 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€36,941▲ 93.2%
2021 · €19,121
EBIT margin
-10.9%▲ 69.2pp
2021 · -80.1%
Net result
-€17,130▼ 252%
2022 · -€4,864
Working capital
-€125,224▼ 1.9%
2022 · -€122,860
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€54,271▲ 3.7%€10,761▼ 80.2%€19,121▲ 77.7%€36,941▲ 93.2%
Operating result-€22,696▼ 48.6%-€24,531▼ 8.1%-€15,321▲ 37.5%-€4,028▲ 73.7%-€16,176▼ 302%
Net result-€22,763▼ 49.0%-€24,172▼ 6.2%-€15,509▲ 35.8%-€4,864▲ 68.6%-€17,130▼ 252%
EBIT margin-41.8%▼ 12.6pp-228.0%▼ 186.1pp-80.1%▲ 147.8pp-10.9%▲ 69.2pp
Equity-€54,721▼ 71.2%-€66,894▼ 22.2%-€82,402▼ 23.2%-€87,267▼ 5.9%-€104,397▼ 19.6%
Total assets€62,345▲ 26.7%€54,151▼ 13.1%€68,104▲ 25.8%€69,648▲ 2.3%€32,300▼ 53.6%
Debt€113,512▲ 50.5%€119,659▲ 5.4%€150,506▲ 25.8%€156,915▲ 4.3%€136,697▼ 12.9%
Working capital-€87,927▼ 48.5%-€98,908▼ 12.5%-€137,738▼ 39.3%-€122,860▲ 10.8%-€125,224▼ 1.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,176 in 2023 against €4,028 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €32,300
Fixed assets
€20,827 ▼ 41.5%
Current assets
€11,473 ▼ 66.3%
Key figures and ratios
EBITDA
-€9,176▼
2022 · €15,541
Cash flow
-€10,130▼
2022 · €14,704
Solvency
-323.2%▼
2022 · -125.3%
Current ratio
0.08▼
2022 · 0.22
Debt to equity
-1.31▲
2022 · -1.80
ROA
-53.0%▼
2022 · -7.0%
Interest coverage
-9.61▼
2022 · 18.57
Debt ≤ 1 year
€136,697▼
2022 · €156,915
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €54,271 | €10,761 | €19,121 | €36,941 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €24,615 | €21,065 | €17,543 | ▼ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,102 | €20,722 | €20,237 | €19,568 | €7,000 | ▼ 64.2% |
| Other operating charges640/8 | - | - | €265 | €335 | €599 | ▲ 78.5% |
| Non-recurring operating charges66A | - | - | - | - | €17,646 | - |
| Gross operating margin9900 | €988 | -€3,073 | €5,181 | €15,876 | €9,069 | ▼ 42.9% |
| Operating profit (loss)9901 | -€22,696 | -€24,531 | -€15,321 | -€4,028 | -€16,176 | ▼ 302% |
| Financial charges65/66B | - | - | €1,573 | €837 | €955 | ▲ 14.1% |
| Recurring financial charges65 | €2,237 | €1,810 | €1,573 | €837 | €955 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | -€24,932 | -€26,342 | -€16,894 | -€4,864 | -€17,130 | ▼ 252% |
| Transfer from deferred taxes780 | - | - | €1,385 | - | - | - |
| Profit (loss) for the period9904 | -€22,763 | -€24,172 | -€15,509 | -€4,864 | -€17,130 | ▼ 252% |
| Transfer from tax-exempt reserves789 | - | - | €9,276 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€18,550 | -€19,959 | -€6,233 | -€4,864 | -€17,130 | ▼ 252% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,345 | €54,151 | €68,104 | €69,648 | €32,300 | ▼ 53.6% |
| Fixed assets21/28 | €50,775 | €40,221 | €55,336 | €35,593 | €20,827 | ▼ 41.5% |
| Tangible fixed assets22/27 | €50,601 | €40,047 | €55,161 | €35,593 | €20,827 | ▼ 41.5% |
| Plant, machinery and equipment23 | - | - | €20,034 | €7,583 | - | - |
| Furniture and vehicles24 | - | - | €35,127 | €28,010 | €20,827 | ▼ 25.6% |
| Financial fixed assets28 | €174 | €174 | €174 | - | - | - |
| Current assets29/58 | €11,569 | €13,929 | €12,769 | €34,055 | €11,473 | ▼ 66.3% |
| Stocks and contracts in progress3 | €11,480 | €11,357 | €11,387 | €9,880 | - | - |
| Stocks30/36 | - | - | €11,387 | €9,880 | - | - |
| Amounts receivable within one year40/41 | €89 | €2,568 | €109 | €24,175 | €11,324 | ▼ 53.2% |
| Trade receivables40 | - | - | €109 | €23,916 | €10,963 | ▼ 54.2% |
| Other amounts receivable41 | - | - | - | €259 | €361 | ▲ 39.5% |
| Deferred charges and accrued income490/1 | - | - | €1,272 | - | €149 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,345 | €54,151 | €68,104 | €69,648 | €32,300 | ▼ 53.6% |
| Equity10/15 | -€54,721 | -€66,894 | -€82,402 | -€87,267 | -€104,397 | ▼ 19.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,349 | €11,136 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€88,670 | -€96,630 | -€102,862 | -€107,727 | -€124,857 | ▼ 15.9% |
| Provisions and deferred taxes16 | €3,554 | €1,385 | - | - | - | - |
| Amounts payable17/49 | €113,512 | €119,659 | €150,506 | €156,915 | €136,697 | ▼ 12.9% |
| Amounts payable after more than one year17 | €14,015 | €6,822 | - | - | - | - |
| Amounts payable within one year42/48 | €99,497 | €112,838 | €150,506 | €156,915 | €136,697 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | - | - | €1,389 | - | - | - |
| Financial debts43 | - | - | €5,766 | €10,376 | €10,182 | ▼ 1.9% |
| Credit institutions430/8 | - | - | €5,766 | - | - | - |
| Other loans439 | - | - | - | €10,376 | €10,182 | ▼ 1.9% |
| Trade debts44 | €17,324 | €4,279 | €38,538 | €1,080 | €9,807 | ▲ 808% |
| Suppliers440/4 | - | - | €38,538 | €1,080 | €9,807 | ▲ 808% |
| Advances received on contracts in progress46 | - | - | - | €19,366 | €13,265 | ▼ 31.5% |
| Taxes, remuneration and social security45 | - | - | €1,619 | €1,029 | €4,617 | ▲ 349% |
| Taxes450/3 | - | - | €1,619 | €1,029 | €4,617 | ▲ 349% |
| Other amounts payable47/48 | - | - | €103,194 | €125,064 | €98,827 | ▼ 21.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,763 | -€24,172 | -€15,509 | -€4,864 | -€17,130 | ▼ 252% |
| + Depreciation and write-downs630 | €23,102 | €20,722 | €20,237 | €19,568 | €7,000 | ▼ 64.2% |
| Operating cash flow (approximation) | €339 | -€3,450 | €4,728 | €14,704 | -€10,130 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€10,168 | -€35,351 | €174 | €7,766 | ▲ 4,351% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
03-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 02-03-2026
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 212 days late
2020
31-12
Financial
Weakest financial yearnet -€24,172
Net result drops to -€24,172, the lowest in the series.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 days late
2015
21-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 52 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merbes-le-Château · 1 establishment unit since 1989
Ground area
5,121 m²
Building footprint
54 m²
Volume, LiDAR
261 m³
2 parcels, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREATIONS
since 19892.044.589.358
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56061A0024/00F002 | Wallonia | 3,583 m² | - | - |
| 56025A0340/00N005 | Wallonia | 1,538 m² | 1 · 54 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCIS BRINGARD RUE ’T SERCLAES DE TILLY 49,
6061 MONTIGNIES-SUR-SAMBRE- .
Date provisoire de cessation de paiement : 02/03/2026 |
02-03-2026 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-06-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.