Filings
The 2019 accounts came latest: 24 days after the end of the period.
The 2019 accounts came latest: 24 days after the end of the period.
Lower net result than 82% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
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 43, micro). It does better than 56% of them on solvency, 66% on liquidity, 29% on profitability and 24% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 3,440 companies had the same profile as CREATIVE CONSTRUCT has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CREATIVE CONSTRUCT 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 3,440 companies, not a prediction for CREATIVE CONSTRUCT. 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 ample, with a current ratio of 2.91 (4.12 in 2024), above the usual 1.5. Short-term debt is 29% and cash 23.7% of total assets. 48.3% 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 19 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.
| Company | ||||
|---|---|---|---|---|
| CREATIVE CONSTRUCT Uccle | €65,373 | €12,039 | 51.7% | - |
| ACAD CONSTRUCT Anderlecht | €67,279 | €10,509 | 33.4% | - |
| GROUP ECOMA Jette | €73,292 | €10,470 | 27.3% | - |
| MVB Group Koekelberg | €67,888 | €14,700 | 74.7% | - |
| Entreprise Tiago Pinto Pont-à-Celles | €65,173 | €11,172 | 49.2% | - |
| RENOV IN OUT Grimbergen | €76,489 | €11,261 | 34.4% | - |
| ACEC SOLAR HEATING Le Roeulx | €55,981 | €13,249 | 79.9% | - |
These companies have the same main activity as CREATIVE CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €56,000 and €76,500, founded between 2016 and 2018.
CREATIVE CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €25,044 in 2018 to €12,039 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €160,000. Estimated: probably between €86,000 and €310,000.
Higher than 56% of 35,125 companies in 2025.
Higher than 70% of 34,499 companies in 2025.
Higher than 15% of 34,700 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
65,373 | 64,774 | 68,168 | 40,879 | 36,274 | 45,827 | 31,293 | 31,477 | |
21/28 |
10,315 | 24,528 | 39,564 | 7,254 | 8,807 | 11,568 | 7,398 | 15,482 | |
22/27 |
10,250 | 24,463 | 39,499 | 7,189 | 8,742 | 11,503 | 7,333 | 15,417 | |
24 |
10,250 | 24,463 | 39,499 | 7,189 | 8,742 | 11,503 | 7,333 | 15,417 | |
28 |
65 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | |
29/58 |
55,058 | 40,246 | 28,604 | 33,626 | 27,466 | 34,259 | 23,895 | 15,996 | |
40/41 |
35,679 | 22,042 | 10,773 | 12,266 | 19,910 | 25,987 | 11,810 | 7,077 | |
40 |
35,166 | 15,441 | 1,289 | 707 | 13,013 | 22,494 | 10,168 | 5,983 | |
41 |
513 | 6,602 | 9,484 | 11,559 | 6,897 | 3,493 | 1,642 | 1,095 | |
54/58 |
15,487 | 16,140 | 17,330 | 20,878 | 7,203 | 7,765 | 10,699 | 7,207 | |
490/1 |
3,892 | 2,063 | 502 | 482 | 353 | 506 | 1,386 | 1,711 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
65,373 | 64,774 | 68,168 | 40,879 | 36,274 | 45,827 | 31,293 | 31,477 | |
10/15 |
33,823 | 37,691 | 37,052 | 31,441 | 25,654 | 24,851 | 17,688 | 17,621 | |
10/11 |
9,200 | 9,200 | 9,200 | 9,200 | 9,200 | 9,200 | 9,200 | 9,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 9,400 | 9,400 | |
11 |
- | - | - | 9,200 | 9,200 | 9,200 | - | - | |
1109/19 |
- | - | - | 9,200 | 9,200 | 9,200 | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 823 | 783 | 424 | 421 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 823 | 783 | - | - | |
130 |
- | - | - | - | - | - | 424 | 421 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 823 | 783 | - | - | |
14 |
22,763 | 26,631 | 25,992 | 20,381 | 15,632 | 14,869 | 8,063 | 8,000 | |
17/49 |
31,550 | 27,083 | 31,116 | 9,439 | 10,619 | 20,976 | 13,605 | 13,857 | |
17 |
12,602 | 17,319 | 21,771 | 561 | 3,890 | 7,159 | - | - | |
170/4 |
12,602 | 17,319 | 21,771 | 561 | 3,890 | 7,159 | - | - | |
42/48 |
18,948 | 9,764 | 9,299 | 8,878 | 6,644 | 13,816 | 13,605 | 13,857 | |
42 |
4,718 | 4,451 | 4,761 | 3,329 | 3,269 | 3,210 | - | - | |
44 |
13,110 | 519 | 976 | 3,394 | 2,995 | 1,397 | 3,161 | 7,101 | |
440/4 |
13,110 | 519 | 976 | 3,394 | 2,995 | 1,397 | 3,161 | 7,101 | |
45 |
1,120 | 4,794 | 3,562 | 2,154 | 380 | 9,209 | 5,610 | 5,296 | |
450/3 |
1,120 | 4,794 | 3,562 | 2,154 | 380 | 9,209 | 5,610 | 5,296 | |
47/48 |
- | - | - | - | - | - | 4,834 | 1,459 | |
492/3 |
- | - | 47 | - | 85 | - | - | - | |
| Income statement | |||||||||
76A |
3,425 | - | - | - | 2,500 | - | - | - | |
9900 |
12,039 | 21,390 | 19,359 | 12,735 | 4,571 | 16,197 | 9,796 | 25,044 | |
630 |
13,753 | 16,540 | 10,514 | 3,163 | 2,761 | 3,801 | 8,083 | 8,833 | |
631/4 |
-1,549 | - | - | 1,549 | - | - | - | - | |
640/8 |
2,316 | 1,980 | 717 | 677 | 616 | 581 | 1,315 | 2,347 | |
66A |
- | - | - | - | - | 1,701 | - | - | |
9901 |
-2,481 | 2,869 | 8,129 | 7,346 | 1,194 | 10,114 | 398 | 13,865 | |
75/76B |
11 | 29 | 354 | 455 | 316 | 81 | 0 | 2 | |
75 |
11 | 29 | 354 | 455 | 316 | 81 | 0 | 2 | |
65/66B |
1,347 | 1,568 | 1,141 | 241 | 326 | 428 | 17 | 150 | |
65 |
1,347 | 1,568 | 1,141 | 241 | 326 | 428 | 17 | 150 | |
9903 |
-3,817 | 1,330 | 7,341 | 7,560 | 1,184 | 9,768 | 381 | 13,717 | |
67/77 |
52 | 691 | 1,730 | 1,774 | 380 | 2,604 | 314 | 5,296 | |
9904 |
-3,868 | 639 | 5,611 | 5,786 | 803 | 7,163 | 67 | 8,421 | |
9905 |
-3,868 | 639 | 5,611 | 5,786 | 803 | 7,163 | 67 | 8,421 | |
| Appropriation of the result | |||||||||
9906 |
22,763 | 26,631 | 25,992 | 21,418 | 15,672 | 15,227 | 8,067 | 8,421 | |
14P |
26,631 | 25,992 | 20,381 | 15,632 | 14,869 | - | - | - | |
691/2 |
- | - | - | 1,037 | 40 | 358 | 3 | 421 | |
6920 |
- | - | - | - | - | - | 3 | 421 | |
6921 |
- | - | - | 1,037 | 40 | 358 | - | - | |
| Document | |||||||||
The notes to these accounts have 8 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 10-08-2026.
2025 annual accounts filed 10 days after the deadline. Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00390303.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-08-2026 | 2026-00390303 | |
| 31-12-2024 | micro format | 22-05-2025 | 2025-00103513 | |
| 31-12-2023 | micro format | 15-06-2024 | 2024-00131739 | |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00238614 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20090147 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-46000477 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-44100032 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38700222 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 11,272 | 19,409 | 18,643 | 10,509 | 3,955 | 13,915 | 8,481 | 22,698 | ||
| 9,885 | 17,179 | 16,125 | 8,949 | 3,564 | 10,964 | 8,151 | 17,254 | ||
| -460 | 1,504 | 42,824 | 1,609 | 0 | 13,804 | 0 | 24,315 | ||
| -653 | -1,189 | -3,549 | 13,675 | -562 | -2,933 | 3,491 | - | ||
| 36,109 | 30,482 | 19,305 | 24,748 | 20,822 | 20,442 | 10,289 | 2,139 | ||
| 51.7% | 58.2% | 54.4% | 76.9% | 70.7% | 54.2% | 56.5% | 56.0% | ||
| 2.91 | 4.12 | 3.08 | 3.79 | 4.13 | 2.48 | 1.76 | 1.15 | ||
| 0.93 | 0.72 | 0.84 | 0.30 | 0.41 | 0.84 | 0.77 | 0.79 | ||
| -11.4% | 1.7% | 15.1% | 18.4% | 3.1% | 28.8% | 0.4% | 47.8% | ||
| -5.9% | 1.0% | 8.2% | 14.2% | 2.2% | 15.6% | 0.2% | 26.8% | ||
| 8.37 | 12.38 | 16.34 | 43.65 | 12.12 | - | - | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,504 | €42,824 | €1,609 | - |
| €13,753 | €16,540 | €10,514 | €3,163 | €2,761 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €2,481, after a profit of €2,869 in 2024. It is the lowest result since 2018.
Debt's share of the balance-sheet total rises from 41.8% to 48.3%. Equity is lower and debt is higher.
CREATIVE CONSTRUCT has no parent and no holdings in its annual accounts. NISTOREANU-NICULAUA Cosmin-Liviu is the only director. CREATIVE CONSTRUCT shares no director with another company.
| SENIOR ASSIST
registered office since 12-09-2005 · founded in 2005 · accounts filed late |
total assets €52.2m (2024) 0875.416.783 |
| FINASO
registered office since 31-08-1998 · founded in 1998 |
total assets €16.5m (2025) 0464.057.995 |
| Xanlite Group
establishment since 01-01-2013 · founded in 2012 |
total assets €14.3m (2025) 0501.907.001 |
| EXL
registered office since 22-05-2002 · founded in 2002 · negative equity (2025) |
total assets €13.6m (2025) 0476.978.890 |
| CORNERS PROPERTIES
registered office since 17-03-2022 · founded in 2022 |
total assets €8.6m (2025) 0783.541.254 |
| Woon en Zorg VG Lovendegem
registered office since 04-05-2017 · founded in 2017 · negative equity (2024) · group SENIOR ASSIST · accounts filed late |
total assets €8.4m (2024) 0675.431.784 |
| La Tramontane
registered office since 27-03-1986 · founded in 1986 · negative equity (2024) · group SENIOR ASSIST · accounts filed late |
total assets €5.3m (2024) 0428.695.755 |
| FINANCIERE VENDOME
registered office since 02-03-2006 · founded in 2006 · negative equity (2025) |
total assets €4.3m (2025) 0879.702.896 |
| AQUARIUS
registered office since 23-05-1986 · founded in 1986 · negative equity (2025) |
total assets €3.9m (2025) 0429.022.882 |
| SMART Cleaning
registered office since 28-10-2013 · founded in 2013 |
37 FTE (2025) 0541.472.707 |
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
| Establishment | Since | Unit number |
|---|---|---|
| Alsembergsesteenweg 842 registered office 1180 Uccle 2511001 Manufacture of metal structures and parts of structures | 01-09-2017 | 2.267.403.209 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21614E0126/00A002 | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 |
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 0680.654.938
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