CREATIVE DESIGNS
Open bankruptcyA bankruptcy procedure is open for CREATIVE DESIGNS according to publications in the Belgian State Gazette; curator: PETER HECHTERMANS.
Summary
The 2022 annual accounts show equity of €12,979 and a net result of €1,357.
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 Antwerp, Mechelen division
- Declared bankrupt
- 5 February 2024
- Supervising judge
- Koenraad De Geest
- Official Gazette
- 09-02-2024 (pdf) ↗search the document for 2024/105016
Deadlines
- Provisional date payments stopped
- 5 February 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 February 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 6 March 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 April 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Peter HechtermansGroene Laan 47, 2830 Willebroekpeter@hechtrecht.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 · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 25-04-2023, 5 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
5 d early
2021
1 d early
2020
on the day
2018
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 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
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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Painting of buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€12,979▲ 11.7%
2021 · €11,622
Total assets
€73,081▼ 7.0%
2021 · €78,623
Net result
€1,357▲ 13.6%
2021 · €1,194
Working capital
€9,817▼ 48.5%
2021 · €19,061
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
Line2018202020212022
Operating result€6,530--€1,833-€2,119€2,667▲ 25.9%
Net result€3,984--€3,302below the sector's middle half-€1,194within the sector's middle half€1,357within the sector's middle half▲ 13.6%
Equity€10,721-€10,428below the sector's middle half-€11,622below the sector's middle half▲ 11.5%€12,979below the sector's middle half▲ 11.7%
Total assets€56,116-€73,676within the sector's middle half-€78,623within the sector's middle half▲ 6.7%€73,081within the sector's middle half▼ 7.0%
Debt€45,395-€63,248-€67,000▲ 5.9%€60,102▼ 10.3%
Working capital€9,586-€10,121within the sector's middle half-€19,061within the sector's middle half▲ 88.3%€9,817within the sector's middle half▼ 48.5%
Solvency19.1%-14.2%below the sector's middle half-14.8%below the sector's middle half▲ 0.6pp17.8%below the sector's middle half▲ 3.0pp
Current ratio1.29-1.19within the sector's middle half-1.36within the sector's middle half▲ 0.171.17within the sector's middle half▼ 0.19
Return on assets (ROA)7.1%--4.5%below the sector's middle half-1.5%within the sector's middle half▲ 6.0pp1.9%within the sector's middle half▲ 0.3pp
Staff (FTE)0.21▲ 400%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2022 is 26% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €73,081
Fixed assets
€6,216 ▼ 8.0%
Current assets
€66,865 ▼ 7.0%
Equity and liabilities €73,081
Equity
€12,979 ▲ 11.7%
Debt
€60,102 ▼ 10.3%
Debt's share of the balance-sheet total falls from 85.2% to 82.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,892▼
2021 · €7,068
Cash flow
€2,582▼
2021 · €6,143
Quick ratio
0.89▼
2021 · 1.07
Debt to equity
4.63▼
2021 · 5.76
ROE
10.5%▲
2021 · 10.3%
Interest coverage
9.50▲
2021 · 7.41
Debt ≤ 1 year
€57,049▲
2021 · €52,807
Debt > 1 year
€3,053▼
2021 · €14,193
Income taxes
€901
Staff costs
€25,715▲
2021 · €7,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,434 | €25,715 | ▲ 246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,273 | €4,709 | €4,949 | €1,225 | ▼ 75.2% |
| Other operating charges640/8 | - | - | €7,680 | €691 | ▼ 91.0% |
| Gross operating margin9900 | €13,217 | €4,306 | €22,182 | €30,298 | ▲ 36.6% |
| Operating profit (loss)9901 | €6,530 | -€1,833 | €2,119 | €2,667 | ▲ 25.9% |
| Financial income75/76B | - | - | €29 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | - | €29 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €954 | €410 | ▼ 57.1% |
| Recurring financial charges65 | €976 | €1,469 | €954 | €410 | ▼ 57.1% |
| Profit (loss) for the period before taxes9903 | €5,534 | -€3,302 | €1,194 | €2,258 | ▲ 89.0% |
| Income taxes67/77 | €1,551 | €0 | - | €901 | - |
| Profit (loss) for the period9904 | €3,984 | -€3,302 | €1,194 | €1,357 | ▲ 13.6% |
| Profit (loss) for the period to be appropriated9905 | €3,984 | -€3,302 | €1,194 | €1,357 | ▲ 13.6% |
| Line | 2018 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €56,116 | €73,676 | €78,623 | €73,081 | ▼ 7.0% |
| Fixed assets21/28 | €13,378 | €9,764 | €6,755 | €6,216 | ▼ 8.0% |
| Intangible fixed assets21 | - | €1,561 | €2,853 | €2,193 | ▼ 23.1% |
| Tangible fixed assets22/27 | €13,378 | €6,103 | €1,801 | €1,922 | ▲ 6.7% |
| Plant, machinery and equipment23 | - | - | €1,164 | €931 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | €637 | €991 | ▲ 55.5% |
| Financial fixed assets28 | - | €2,100 | €2,100 | €2,100 | = |
| Current assets29/58 | €42,738 | €63,912 | €71,868 | €66,865 | ▼ 7.0% |
| Stocks and contracts in progress3 | €1,705 | €5,255 | €15,527 | €16,281 | ▲ 4.9% |
| Stocks30/36 | - | - | €3,755 | €5,698 | ▲ 51.7% |
| Contracts in progress37 | - | - | €11,772 | €10,583 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €27,697 | €39,596 | €51,165 | €50,358 | ▼ 1.6% |
| Trade receivables40 | - | - | €48,518 | €49,951 | ▲ 3.0% |
| Other amounts receivable41 | - | - | €2,647 | €408 | ▼ 84.6% |
| Cash at bank and in hand54/58 | €3,635 | €119 | €5,176 | €226 | ▼ 95.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €56,116 | €73,676 | €78,623 | €73,081 | ▼ 7.0% |
| Equity10/15 | €10,721 | €10,428 | €11,622 | €12,979 | ▲ 11.7% |
| Contributions10/11 | €6,400 | - | €6,400 | €6,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,461 | €2,168 | €3,362 | €4,719 | ▲ 40.3% |
| Amounts payable17/49 | €45,395 | €63,248 | €67,000 | €60,102 | ▼ 10.3% |
| Amounts payable after more than one year17 | €12,243 | €9,457 | €14,193 | €3,053 | ▼ 78.5% |
| Other amounts payable178/9 | - | - | €14,193 | €3,053 | ▼ 78.5% |
| Amounts payable within one year42/48 | €33,152 | €53,791 | €52,807 | €57,049 | ▲ 8.0% |
| Financial debts43 | - | - | - | €5,087 | - |
| Credit institutions430/8 | - | - | - | €5,087 | - |
| Trade debts44 | €22,326 | €44,544 | €43,643 | €43,563 | ▼ 0.2% |
| Suppliers440/4 | - | - | €43,643 | €43,563 | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | - | €9,165 | €8,398 | ▼ 8.4% |
| Taxes450/3 | - | - | €2,869 | €1,557 | ▼ 45.7% |
| Remuneration and social security454/9 | - | - | €6,296 | €6,842 | ▲ 8.7% |
| Line | 2018 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,984 | -€3,302 | €1,194 | €1,357 | ▲ 13.6% |
| + Depreciation and write-downs630 | €4,273 | €4,709 | €4,949 | €1,225 | ▼ 75.2% |
| Operating cash flow (approximation) | €8,257 | €1,407 | €6,143 | €2,582 | ▼ 58.0% |
| Investment in fixed assets (approximation) | - | - | -€1,939 | -€686 | ▲ 64.6% |
| Change in cash | - | - | €5,057 | -€4,950 | ▼ 198% |
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
2024
09-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 05-02-2024
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €1,194
Net result €1,194 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€3,302
Net result drops to -€3,302, the lowest in the series.
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Willebroek · 1 establishment unit since 2012
Ground area
96 m²
Building footprint
83 m²
Volume, LiDAR
506 m³
Parcel 12342C0227/00C003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREATIVE DESIGNS
since 20122.214.959.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0227/00C003 | Flanders | 96 m² | 1 · 82 m² | 10.3 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PETER HECHTERMANS GROENE LAAN 47,
2830 WILLEBROEK |
05-02-2024 → present |
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 1,812 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 (pre-2019)
Founded07-12-2012
Fiscal year end30-09
Activities, NACEBEL 2025
43341Painting of buildings
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.