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CREATIVE SOLUTION

Active Private limited companyfounded 2024active for 2 yearsChemin de Wépion 57, 5020 NamurKBO/BCE: BE 1010.166.611

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €15,219 (2025)
€15,219▲ €29,533
lowest -€14,892 (2024)
-€368▲ €14,524
peak -€11,892 (2024)
-€12,260▼ €368
€108,926▼ 10.4%
Board1 name since 2024
Documentsfilings and deeds
13-08-202613 days late
2025micro format
Gross margin from -€14,314 to €15,219Loss of €368Cash from €48 to €614

Key points

from the 2025 annual accounts

Overdue debts

€9,235 on 31-12-2025

The annual accounts state €9,235 of overdue tax debts on 31-12-2025.

Equity

-€12,260
20242025

Debts exceed assets in financial year 2025.

Losses

-€15,260 in two years
-14,8922024-3682025

The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.

Debts

€108,926 113% of the balance sheet
Financial debts 6%Suppliers 20%Taxes and wages 9%Other 65%

Position in the sector

-12.7%

Lower solvency than 88% of companies in real estate. Sector median 28.9% · 17,194 companies.

2025 accounts filed 13 days after the deadline

Checked score

54
Fair
Financially stronger than 26% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 07-2025: 0.6%lowest value 08-2025: 0.7%▲ +0.1 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 1.6%▲ +0.9 percentage points vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.7%▲ +0.1 percentage points vs 11-2025 01-2026: 1.8%▲ +0.1 percentage points vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.9%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 1.6%▼ -0.8 percentage points vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026 11-2026: 1.6%● unchanged vs 10-2026

Financial strength
Weak

12-2equity -12.7% of total assets
1+1short-term debt 112.7% · cash 0.6%
64+60return on assets -0.4%

Score breakdown

raises risk
Capped at 59: negative equity
Founded in 2024
Liquidity: current ratio 0.14, cash €614
Negative equity -€12,260
lowers risk
Sector: Real estate activities (NACE 68)
Calculation

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 68, micro). It does better than 12% of them on solvency, 4% on liquidity, 50% on profitability and 37% on growth.

The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).

Comparable companies, two years later

In July 2024, 1,555 companies had the same profile as CREATIVE SOLUTION has now. Each dot stands for 4 companies, two years later.

91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CREATIVE SOLUTION itself: 1.6% within 12 months.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,555 companies, not a prediction for CREATIVE SOLUTION. 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.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.14, below 1. Short-term debt is 112.7% and cash 0.6% of total assets. Equity is negative.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises risk
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.14, cash €614
NBB · annual accounts
raises risk · Negative equity -€12,260
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€12,260
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
13 days late
2024
39 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 26 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Board and ownership

  • COLARD Michaël Victor Joseph founderdeed of 11-06-2024
Board & ownership

Recent changes

Resignations & appointments Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010166611
First establishment Chemin de Wépion 57, Namur
Incorporation Founding capital of €3,000, €500 paid up · Founder: COLARD Michaël Victor Joseph · Appointment: COLARD Michaël Victor Joseph (director) · published on 11-06-2024 · Gazette deed
All 6 events

Comparable companies

same main activity, similar in size and age
Company
CREATIVE SOLUTION Namur €96,666 €15,219 -12.7% -
Tree Development Brasschaat €107,633 €17,611 11.3% -
ONB CONSTRUCTION Zaventem €93,774 €13,587 47.4% -
DARON IMMO Houyet €117,024 €8,270 4.3% -
Maquis Plantois Namur €157,132 €13,284 -10.5% -
WALTER & CO Fauvillers €88,461 €27,156 25.1% -
COPROMAG Halle €114,900 €9,797 -3.7% -

These companies have the same main activity as CREATIVE SOLUTION: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €88,500 and €157,000, founded between 2023 and 2024.

Official details

Source: KBO
Status
Active since 07-06-2024Normal situation
Activity
Development of residential building projectsNACE 68121and 3 others
Establishment unit
2.365.576.1175020 Namur, since 24-10-2024
Financial year end
31 December
Peppol
Reachable since 12-12-2025
Company details

Annual accounts 2025

€165,191
€368▼ 97.5%
-€12,260▼ 3.1%
€96,666▼ 11.9%
Filing
Filed on 13-08-2026
Financials

Insights on CREATIVE SOLUTION

The computed 12-month bankruptcy probability of CREATIVE SOLUTION is 1.6% (moderate). The 2025 annual accounts show negative equity (-€12,260) and a net result of -€368.

Its solvency ranks better than 12% of 17,194 sector peers (NACE 68, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 13-08-2026, 13 days late
€165,191
€121
▲ €14,950
€14,063
€13,574
-12.7%
▼ 1.8 percentage points
0.14

Money flows

of every €100 of turnover, €0.22 was lost in 2025

Balance sheet

balance sheet total €96,666 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-12.7%

Higher than 12% of 17,194 companies in 2025.

0.14

Higher than 14% of 16,491 companies in 2025.

-0.4%

Higher than 34% of 16,870 companies in 2025.

CREATIVE SOLUTION Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 96,666109,741
21/28 81,40092,422
21 1,5171,897
22/27 79,88390,525
23 70,14484,323
24 9,7396,202
29/58 15,26617,320
40/41 13,93217,272
40 6,996650
41 6,93616,622
54/58 61448
490/1 720-
Balance sheet: equity and liabilities
10/49 96,666109,741
10/15 -12,260-11,892
10/11 3,0003,000
10 -3,000
100 -3,000
14 -15,260-14,892
17/49 108,926121,633
42/48 108,926-
43 6,096-
430/8 6,096-
44 22,091-
440/4 12,189-
441 9,902-
45 9,638-
450/3 9,638-
47/48 71,101-
492/3 -121,633
Income statement
70 165,191-
9900 15,219-14,314
60/61 149,972-
630 13,942-
640/8 686515
66A 470-
9901 121-14,829
75/76B 150-
75 150-
65/66B 63963
65 63963
9903 -368-14,892
9904 -368-14,892
9905 -368-14,892
Appropriation of the result
9906 -15,260-14,892
14P -14,892-
Document PDFPDF

The notes to these accounts have 9 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 13-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 13 days after the deadline. Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400550.

Financial year Type Filed Reference Document
31-12-2025 micro format 13-08-2026 2026-00400550 PDF
31-12-2024 abbreviated format 08-09-2025 2025-00492856 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
14,063-
13,574-
2,92092,422
566-
-93,660-
0.1%-
-12.7%-10.8%
0.14-
-0.4%-13.6%
22.01-
15 days-
54 days-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Overdue debts

tax and social security
Item20252024
Overdue tax debts€9,235-

Source: notes to the 2024 to 2025 annual accounts (statement of debts)

Investments

fixed assets acquired
Item20252024
Tangible fixed assets€2,920€90,525
Intangible fixed assets-€1,897
€13,942-

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on CREATIVE SOLUTION

The operating result for 2025 is a profit of €121, after a loss of €14,829 in 2024.

Equity is negative. Debt (€108,926) exceeds the balance-sheet total (€96,666).

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 11-06-2024
listed in the 2024 annual accounts, filed on 08-09-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“COLARD, faisant élection de domicile à l’adresse du siège, ici présent et qui accepte. 3- Pouvoir de signature : Le pouvoir de signature de…”
deed of 11-06-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
COLARD Michaël Victor Joseph
Director (not named in the articles)
Board
Mandates as a list
  • COLARD Michaël Victor Joseph
    • Director (not named in the articles), appointed by deed of 11-06-2024, still in office

See the board, name and registered office on a given date →

Control

This company
CREATIVE SOLUTION
Equity -€12,260
Loss €368 in 2025

Capital

Contribution
€3,000
Source
deed of 11-06-2024

Articles of association

deed of 11-06-2024 (in French)
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Founder

At incorporation deed of 11-06-2024 ↗

Network & group

No group

CREATIVE SOLUTION has no parent and no holdings in its annual accounts. COLARD Michaël Victor Joseph is the only director. CREATIVE SOLUTION shares no director with another company.

Timeline

Timeline

6 events since 2024

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 13 days late
Resignations & appointments PDF
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010166611
Annual accounts 2024 filed NBBabbreviated format · 39 days late
2024
First establishment Chemin de Wépion 57, Namur
IncorporationFounding capital of €3,000, €500 paid up · Founder: COLARD Michaël Victor Joseph · Appointment: COLARD Michaël Victor Joseph (director) · published on 11-06-20246 points ▸

Open the deed in the Belgian Official Gazette

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CREATIVE SOLUTION was incorporated on 7 June 2024 as a private limited company by one natural person, with a starting capital of €3,000.12 COLARD Michaël Victor Joseph is director of the company, appointed by deed of 11-06-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 11-06-2024
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
1010.166.611
VAT number
BE 1010.166.611
Peppol ID
0208:1010166611
Other Peppol ID
9925:BE1010166611
Legal form
Private limited company
Status
Active, normal situation
Founded
07-06-2024
Financial year
ends on 31 December
Peppol
Reachable since 12-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CREATIVE SOLUTION in French
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
41101 Real estate development main activity
43299 Specialised construction activities
43390 Specialised construction activities
43993 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'entreprise d'installation sanitaire de chauffage au gaz, à bois et de plomberie, zinguerie, l'entreprise de ramonage et de gainage de…”
23 activities
  1. L'entreprise d'installation sanitaire de chauffage au gaz, à bois et de plomberie, zinguerie, l'entreprise de ramonage et de gainage de cheminées, de travaux d'étanchéité et de revêtement de construction par asphaltage et bitumage, d'isolation thermique et acoustique, d'échafaudage, de rejointoiement, et de nettoyage des façades, de construction métallique, de construction de cheminées d'usines, de fours industriels ainsi que l'entreprise de coffrage et de ferraillages
  2. Toutes transactions, promotions, négociations, investissements et opérations en rapport avec des biens immobiliers et notamment l'achat, la vente, la construction, la démolition, et la mutation sous quelque forme que ce soit de tous les biens immobiliers, de même que la coordination de tous les projets en rapport avec l'activité, le commerce, les affaires sociales et les infrastructures privées ou publiques
  3. L'achat, l'échange, la vente, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tout avec ou sans option d'achat, l'exploitation et l'entretien de maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers et mobiliers
  4. L'exécution de toutes prestations de fournitures de logement meublés au sens de l'article 18, §1er, alinéa 2, 10° du Code de la Taxe sur la Valeur Ajoutée
  5. Toutes opérations de financement liées à ces opérations, en ce compris le leasing immobilier
  6. La conception, la fabrication, la construction, l'importation, l'exportation, l'achat et la vente, la distribution, l'entretien, l'exploitation tant en nom propre qu'en qualité d'agent, de commissionnaire ou de courtier, de tous biens mobiliers ou immobiliers accessoires aux immeubles par nature (équipements, sanitaires, éclairages, articles de décoration...), en ce compris de tous véhicules et machines à moteur
  7. Ainsi que l'achat et la vente d'œuvre d'arts, de meubles meublant et d'objets de collection
  8. Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers, en tant que maître d'ouvrage et effectuer éventuellement aux biens immobiliers, des transformations et mises en valeur ainsi que l'étude et l'aménagement de lotissements y compris la construction de toutes et égouts, souscrire aux engagements en tant que conseillers en construction ; acheter tous matériaux, signer tous contrats d'entreprise qui seraient nécessaires, réaliser toutes opérations de change, commission et courtage, ainsi que la gérance d'immeubles
  9. Toute assistance en gestion administrative, financière, des clients et fournisseurs, des stocks, tant pour son compte que pour le compte de tiers, tant en Belgique qu'à l'étranger
  10. Des procédures publicitaires par voie de presse ou par organisation de foires, d'expositions ou de show-rooms
  11. L'activité centrale d'achat tant pour son propre compte que pour le compte de tiers; l'acquisition par tout moyen de droits de gestion des participations, des garanties pour cautionner des engagements de ces mêmes participations
  12. Le commerce, le négoce, l'importation et l'exportation, le placement de toutes cheminées utilisant tous combustibles, y compris les nouvelles énergies
  13. L'étude, l'aménagement et la fourniture de tout système de récupération et production d'énergie; tant à ciel ouvert qu'en sous-sol
  14. La vente, location, dépôt, réparation, fabrication de tous accessoires relatifs à ces différents systèmes
  15. La fabrication, l'étude, l'aménagement, la vente de tout système équipant les abris anti-atomiques, qu'il s'agisse du recyclage des eaux, des systèmes de ventilation et des systèmes électriques y compris la fourniture, des portes, toits et autres, pour autant que ces activités soient permises par la loi
  16. La commercialisation de tous produits relatifs à la protection solaire et bioclimatique
  17. Le commerce de poêlerie, électroménager, radio, télévision, hi-fi, vidéo, articles cadeaux, articles ménagers, pièces détachées, service après-vente, articles de sport, machines à tricoter et à coudre, quincaillerie, papeterie, librairie, alimentation, chaussures, vêtements, meubles, droguerie, restaurant, horlogerie, salle de vente, voitures, caravanes, tentes, articles de camping, fleurs, cuisine équipées, objets d'art, ordinateurs, appareils photographiques, caméras, vélos, motos, carrelages, confiserie, pneus, carrosserie, tapis, couvertures; l' installation de cheminées ornementales et autres ornementations en marbre ou en pierre, tuyauteries industrielles, construction de cheminées décoratives et de feux ouverts, construction de cheminées, montage d'éléments de structures métalliques non fabriqués par l'unité qui exécute les travaux, l'exécution pour les tiers des travaux de levage, montage et démontage d'échafaudages et de plate-forme de travail, pose de chapes, mise en place dans les bâtiments de matériaux d'isolation thermique, travaux d'isolation de canalisation de chauffage
  18. La fabrication, la commercialisation, le placement, la réparation, l'entretien (en ce et y compris notamment le ramonage), de cheminées, en tous types de matériaux qu'elles soient décoratives ou non, de foyers encastrables avec récupérateur de chaleur ou non, de poêles et de feux ouverts traditionnels, inserts au gaz et au mazout, installation de chauffage de locaux par appareils individuels alimentés par le gaz, le charbon, le bois ou le mazout, d'installation de ventilation et d'aération, de chauffage à air chaud et de conditionnement d'air, d'installation en chauffage central, la vente, le placement, le montage, la réparation et l'entretien d'éléments de structure métallique (dont notamment des conduits de cheminée en acier inoxydable), d'une manière générale, la fourniture de tout élément et la réalisation de tous travaux nécessités par l'exécution des activités précitées (en ce et y compris notamment, les travaux de démolition, maçonnerie, plafonnage, carrelage - marbrier, menuiserie, plomberie, électricité et zinguerie - couverture), l'achat, la représentation, l'importation et la vente en gros et en détail de l'ensemble des articles en rapport avec les activités précitées, en ce et y compris tous accessoires et marchandises inhérents ou destinées à l'utilisation des matériaux et appareils commercialisés
  19. Le carottage, le sciage et le forage du béton armé
  20. L’accompagnement en gestion du poids, en nutrition et en hygiène de vie (hors activités médicales et paramédicales)
  21. L’exploitation d’un studio de Pilates, l’enseignement et la pratique de la méthode Pilates, sur tapis ou sur machines
  22. Le coaching sportif, l’animation de cours individuels ou collectifs de remise en forme, les activités de bien-être, le yoga, le fitness, la tenue d’ateliers et d’évènements liés à la santé par le sport
  23. La commercialisation sous toutes ses formes (notamment shake-bar) de vente au détail de produits, d’équipements, de vêtements et d'accessoires de sport, de boissons diététiques, nutritionnels et de remise en forme, de livre et documents nutritionnels ainsi que les compléments alimentaires
deed of 24-07-2026 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Chemin de Wépion 57 registered office 5020 Namur 24-10-2024 2.365.576.117

Buildings and parcels at the address

Ground area
3,995 m²
Buildings
278 m²
Volume, LiDAR
1,639 m³
Tallest building
7.3 m
Buildings to scale, each on its own parcel
278 m², 7.3 m 278 m², 7.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
92082C0259/00R0003,995 m² 1 · 278 m² 7.3 m · 2

Contact

E-mail info@creativesolution.be
Phone +32 498 21 27 29

Invoicing and payment

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 1010.166.611