CREATIVE DECORATION
ActiveSummary
The computed 12-month bankruptcy probability of CREATIVE DECORATION is 2.6% (moderate). For CREATIVE DECORATION, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €44,728 and a net result of €6,523. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 36378 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability78▲+9
Solvency74▲+19
Growth35=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.8%
Return on assets
7.1%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 242 days later.
NBB · 5 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 06-01-2025, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
25 d early
2023
47 d early
2022
46 d early
2021
54 d early
2020
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 34 days before 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)
History
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Financials · fiscal year 2024, micro schema
Turnover
€243,620▼ 22.6%
2020 · €314,561
EBIT margin
7.2%▼ 0.8pp
2020 · 8.0%
Net result
€6,523▲ 11,391%
2023 · €57
Working capital
€56,786▲ 11.8%
2023 · €50,801
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€314,561-€243,620▼ 22.6%
Operating result€25,236-€17,508▼ 30.6%€11,315▼ 35.4%€6,881▼ 39.2%€9,255▲ 34.5%
Net result€17,293within the sector's middle half-€12,757within the sector's middle half▼ 26.2%€8,096within the sector's middle half▼ 36.5%€57below the sector's middle half▼ 99.3%€6,523within the sector's middle half▲ 11,391%
EBIT margin8.0%-7.2%▼ 0.8pp
Equity€17,294below the sector's middle half-€30,051within the sector's middle half▲ 73.8%€38,147below the sector's middle half▲ 26.9%€38,204within the sector's middle half▲ 0.1%€44,728within the sector's middle half▲ 17.1%
Total assets€40,684below the sector's middle half-€79,801within the sector's middle half▲ 96.2%€101,222below the sector's middle half▲ 26.8%€127,081within the sector's middle half▲ 25.5%€91,589within the sector's middle half▼ 27.9%
Debt€23,389-€49,750▲ 113%€63,075▲ 26.8%€88,877▲ 40.9%€46,862▼ 47.3%
Working capital€11,161within the sector's middle half-€25,355within the sector's middle half▲ 127%€38,761within the sector's middle half▲ 52.9%€50,801within the sector's middle half▲ 31.1%€56,786within the sector's middle half▲ 11.8%
Solvency42.5%within the sector's middle half-37.7%within the sector's middle half▼ 4.9pp37.7%within the sector's middle half=30.1%within the sector's middle half▼ 7.6pp48.8%within the sector's middle half▲ 18.8pp
Current ratio1.48within the sector's middle half-2.04within the sector's middle half▲ 0.572.84above the sector's middle half▲ 0.802.08within the sector's middle half▼ 0.764.27above the sector's middle half▲ 2.18
Return on assets (ROA)42.5%above the sector's middle half-16.0%within the sector's middle half▼ 26.5pp8.0%within the sector's middle half▼ 8.0pp0.0%below the sector's middle half▼ 8.0pp7.1%within the sector's middle half▲ 7.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 35% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91,589
Fixed assets
€17,415 ▼ 40.8%
Current assets
€74,174 ▼ 24.1%
Equity and liabilities €91,589
Equity
€44,728 ▲ 17.1%
Debt
€46,862 ▼ 47.3%
Debt's share of the balance-sheet total falls from 69.9% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,238▲
2023 · €18,864
Cash flow
€18,507▲
2023 · €12,040
Debt to equity
1.05▼
2023 · 2.33
ROE
14.6%▲
2023 · 0.1%
Interest coverage
60.90▲
2023 · 17.42
Debt ≤ 1 year
€17,388▼
2023 · €46,882
Debt > 1 year
€29,474▼
2023 · €41,995
Income taxes
€2,383▼
2023 · €5,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €314,561 | €243,620 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,066 | €10,493 | €15,925 | €11,983 | €11,983 | = |
| Other operating charges640/8 | - | - | €240 | €15,854 | €1,353 | ▼ 91.5% |
| Gross operating margin9900 | €28,380 | €28,462 | €27,480 | €34,718 | €22,591 | ▼ 34.9% |
| Operating profit (loss)9901 | €25,236 | €17,508 | €11,315 | €6,881 | €9,255 | ▲ 34.5% |
| Financial charges65/66B | - | - | €451 | €1,083 | €349 | ▼ 67.8% |
| Recurring financial charges65 | €200 | €348 | €451 | €1,083 | €349 | ▼ 67.8% |
| Profit (loss) for the period before taxes9903 | €25,035 | €17,160 | €10,865 | €5,798 | €8,906 | ▲ 53.6% |
| Income taxes67/77 | €7,742 | €4,403 | €2,768 | €5,741 | €2,383 | ▼ 58.5% |
| Profit (loss) for the period9904 | €17,293 | €12,757 | €8,096 | €57 | €6,523 | ▲ 11,391% |
| Profit (loss) for the period to be appropriated9905 | €17,293 | €12,757 | €8,096 | €57 | €6,523 | ▲ 11,391% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,684 | €79,801 | €101,222 | €127,081 | €91,589 | ▼ 27.9% |
| Fixed assets21/28 | €6,134 | €30,148 | €41,381 | €29,398 | €17,415 | ▼ 40.8% |
| Tangible fixed assets22/27 | €6,134 | €30,148 | €41,381 | €29,398 | €17,415 | ▼ 40.8% |
| Furniture and vehicles24 | - | - | €41,381 | €29,398 | €17,415 | ▼ 40.8% |
| Current assets29/58 | €34,550 | €49,654 | €59,841 | €97,683 | €74,174 | ▼ 24.1% |
| Amounts receivable within one year40/41 | €25,530 | €49,654 | €59,495 | €97,683 | €74,174 | ▼ 24.1% |
| Trade receivables40 | - | - | €16,544 | €18,000 | €21,442 | ▲ 19.1% |
| Other amounts receivable41 | - | - | €42,951 | €79,683 | €52,732 | ▼ 33.8% |
| Cash at bank and in hand54/58 | €9,020 | - | €346 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,684 | €79,801 | €101,222 | €127,081 | €91,589 | ▼ 27.9% |
| Equity10/15 | €17,294 | €30,051 | €38,147 | €38,204 | €44,728 | ▲ 17.1% |
| Contributions10/11 | - | - | €1 | €1 | €1 | = |
| Profit (loss) carried forward14 | €17,293 | €30,050 | €38,146 | €38,203 | €44,727 | ▲ 17.1% |
| Amounts payable17/49 | €23,389 | €49,750 | €63,075 | €88,877 | €46,862 | ▼ 47.3% |
| Amounts payable after more than one year17 | - | €25,451 | €41,995 | €41,995 | €29,474 | ▼ 29.8% |
| Financial debts170/4 | - | - | €41,995 | €41,995 | €29,474 | ▼ 29.8% |
| Amounts payable within one year42/48 | €23,389 | €24,299 | €21,080 | €46,882 | €17,388 | ▼ 62.9% |
| Current portion of amounts payable after more than one year42 | - | - | €6,932 | - | - | - |
| Financial debts43 | - | - | €5,589 | €858 | €1,123 | ▲ 30.8% |
| Credit institutions430/8 | - | - | €5,589 | €858 | €1,123 | ▲ 30.8% |
| Trade debts44 | €15,647 | €2,036 | €2,108 | €40,216 | €13,882 | ▼ 65.5% |
| Suppliers440/4 | - | - | €157 | €40,216 | €13,882 | ▼ 65.5% |
| Bills of exchange payable441 | - | - | €1,951 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €6,452 | €5,808 | €2,383 | ▼ 59.0% |
| Taxes450/3 | - | - | €6,452 | €5,808 | €2,383 | ▼ 59.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,293 | €12,757 | €8,096 | €57 | €6,523 | ▲ 11,391% |
| + Depreciation and write-downs630 | €3,066 | €10,493 | €15,925 | €11,983 | €11,983 | = |
| Operating cash flow (approximation) | €20,360 | €23,249 | €24,022 | €12,040 | €18,507 | ▲ 53.7% |
| Investment in fixed assets (approximation) | - | -€34,507 | -€27,159 | €0 | €0 | - |
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
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity doublescurrent ratio 4.27
Current ratio from 2.08 to 4.27; short-term debt falls from €46,882 to €17,388.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €57 ▼99.3%
Net result drops to €57, the lowest in the series; recovery starts the following year.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beersel · 1 establishment unit since 2019
Ground area
198 m²
Building footprint
92 m²
Volume, LiDAR
711 m³
Parcel 23035A0085/00L000, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CREATIVE DECORATION
since 20192.285.765.111
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23035A0085/00L000 | Flanders | 198 m² | 1 · 92 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 6,026 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
43230Insulation installation
43350Other building finishing work
81210General cleaning of buildings
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719828783
Registered
08-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.