CREATIVE GROUP
Open bankruptcyA bankruptcy procedure is open for CREATIVE GROUP according to publications in the Belgian State Gazette; curator: JEROME HENRI.
Summary
The 2021 annual accounts show equity of €52k and a net result of €28k.
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 31-12-2021 was due by 31-07-2022 and was filed on 15-08-2022, 15 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
15 d late
2020
111 d late
2019
83 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28k
2020 · €-20k
2018: €2k
2019: €11k
2020: €-20k
2018 → 2021
Working capital
€39k▲ 77.0%
2020 · €22k
2018: €32k
2019: €42k
2020: €22k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€32k-€44k▲ 34.8%€25k▼ 43.7%€52k▲ 112%
Operating result€2k-€11k▲ 394%€-16k€43k
Net result€2k-€11k▲ 419%€-20k€28k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €43k after a loss of €16k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €114k
Fixed assets
€38k ▲ 1,409%
Current assets
€76k ▲ 122%
Equity and liabilities €114k
Equity
€52k ▲ 112%
Debt
€62k ▲ 412%
The debt ratio rises from 32.9% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▲
2020 · €-14k
Cash flow
€32k▲
2020 · €-18k
Current ratio
2.06▼
2020 · 2.83
Debt / equity
1.18
ROE
52.9%▲
2020 · -81.3%
ROA
24.2%▲
2020 · -54.6%
Interest coverage
311.10
Debt ≤ 1 year
€37k▲
2020 · €12k
Debt > 1 year
€25k
Income taxes
€15k▲
2020 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 46 lines
Balance sheet
Code20202021
Assets
Total assets20/58€37k€114k▲
Fixed assets21/28€3k€38k▲
Tangible fixed assets22/27€2k€34k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€30k
Financial fixed assets28€96€5k▲
Current assets29/58€34k€76k▲
Amounts receivable after more than one year29-€18k
Trade receivables290-€18k
Amounts receivable within one year40/41€14k€51k▲
Trade receivables40-€18k
Other amounts receivable41-€33k
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1-€266
Equity and liabilities
Total equity and liabilities10/49€37k€114k▲
Equity10/15€25k€52k▲
Contributions10/11-€6k
Outside capital11-€6k
Other1109/19-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€16k€44k▲
Amounts payable17/49€12k€62k▲
Amounts payable after more than one year17-€25k
Financial debts170/4-€25k
Amounts payable within one year42/48€12k€37k▲
Trade debts44€11k€23k▲
Suppliers440/4-€23k
Taxes, remuneration and social security45-€13k
Taxes450/3-€13k
Other amounts payable47/48-€1k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8-€1k
Gross operating margin9900€-5k€49k▲
Operating profit (loss)9901€-16k€43k▲
Financial income75/76B-€0
Recurring financial income75€1€0▼
Financial charges65/66B-€151
Recurring financial charges65€233€151▼
Profit (loss) for the period before taxes9903€-16k€43k▲
Income taxes67/77€4k€15k▲
Profit (loss) for the period9904€-20k€28k▲
Profit (loss) for the period to be appropriated9905€-20k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€44k
Profit (loss) brought forward from the previous period14P-€16k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
23-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL CREATIVE GROUP AV.DE L’INDEPEND. BELGE 54/4, 1081 KOEKELBERG · event 17-02-2023
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
31-12
Financial
Weakest financial yearnet €-20k ▼277%
Net result drops to €-20k, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Koekelberg · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Belg.Onafhankelijkheidsln. 541081 KoekelbergGround area
683 m²
Building footprint
132 m²
Volume, LiDAR
1,927 m³
Parcel 21523B0827/00R003, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LECI DECOR
since 20142.234.072.425
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0827/00R003 | Brussels | 683 m² | 1 · 132 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
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 | JEROME HENRI AVENUE ROGER VANDEN-
DRIESSCHE 18, 1150 WOLUWE-SAINT-PIERRE- curateur@bazacle-
solon.eu |
17-02-2023 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,111 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.