Creative Service

Active

Private limited companyfounded 20233 yrs activeKwaplasstraat 40, 8820 Torhout, BelgiumKBO/BCE: BE 0798.793.911

Creative Service has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28k and a net result of €13k. Its solvency ranks better than 85% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

91 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100▲+19

Growth52

Track record94

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 36.46 against 2.25 in 2023; short-term debt: 2.7% and cash: 89.1% of total assets), and 11.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

56 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€28k▲ 86.5%

2023 · €15k

2023: €15k

2023 → 2024

Total assets

€32k▲ 17.4%

2023 · €27k

2023: €27k

2023 → 2024

Net result

€13k▼ 7.4%

2023 · €14k

2023: €14k

2023 → 2024

Working capital

€31k▲ 106%

2023 · €15k

2023: €15k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€15k-€28k▲ 86.5%

Operating result€18k-€16k▼ 8.0%

Net result€14k-€13k▼ 7.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 8% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €32k

88.2%

12%

Equity €28k▲ 86.5%

Debt €4k▼ 68.9%

The debt ratio falls from 44.5% to 11.8%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

Solvency

88.2%▲

2023 · 55.5%

Current ratio

36.46▲

2023 · 2.25

Quick ratio

36.46▲

2023 · 2.25

Debt / equity

0.13▼

2023 · 0.80

ROE

46.4%▼

2023 · 93.4%

ROA

40.9%▼

2023 · 51.8%

Debt

€4k▼

2023 · €12k

Debt ≤ 1 year

€873▼

2023 · €12k

Income taxes

€3k▼

2023 · €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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€27k€32k▲

Current assets29/58€27k€32k▲

Amounts receivable within one year40/41€9k€3k▼

Trade receivables40€9k€2k▼

Other amounts receivable41€261€1k▲

Cash at bank and in hand54/58€18k€28k▲

Equity and liabilities

Total equity and liabilities10/49€27k€32k▲

Equity10/15€15k€28k▲

Contributions10/11€1k€1k=

Profit (loss) carried forward14€14k€27k▲

Amounts payable17/49€12k€4k▼

Amounts payable within one year42/48€12k€873▼

Trade debts44-€873

Suppliers440/4-€873

Taxes, remuneration and social security45€1k-

Taxes450/3€1k-

Other amounts payable47/48€11k-

Accrued charges and deferred income492/3-€3k

Income statement Code20232024

Other operating charges640/8€291€126▼

Gross operating margin9900€18k€17k▼

Operating profit (loss)9901€18k€16k▼

Financial charges65/66B€29€41▲

Recurring financial charges65€29€41▲

Profit (loss) for the period before taxes9903€18k€16k▼

Income taxes67/77€4k€3k▼

Profit (loss) for the period9904€14k€13k▼

Profit (loss) for the period to be appropriated9905€14k€13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€27k▲

Profit (loss) brought forward from the previous period14P-€14k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity times 16current ratio 36.46

Current ratio from 2.25 to 36.46; short-term debt falls from €12k to €873.

05-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Torhout · 2 establishment units since 2023

establishment All 2 establishment units on the map

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.

Kwaplasstraat 408820 Torhout

Ground area

1,038 m²

Building footprint

213 m²

Volume, LiDAR

1,182 m³

2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Creative Service

Kwaplasstraat 40, 8820 TorhoutWholesale trade

since 20232.342.052.330

IBA-Tech

Warandestraat 37, 8470 GistelPlumbing work

since 20262.391.753.150

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35005A1405/00R002	Flanders	533 m²	1 · 87 m²	10.2 m · 2 fl.
31522D0847/00T000	Flanders	504 m²	1 · 127 m²	8.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 14,130 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-02-2023

Fiscal year end31-12

Abbreviation NL CS

Activities, NACEBEL

62020IT consultancy

62200Computer consultancy and computer facilities management

46500Wholesale of information and communication equipment

46510Wholesale trade

47400Retail sale of information and communication equipment

47410Retail trade

62900Other information technology and computer services

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.