Overdue debts
The annual accounts state €9,235 of overdue tax debts on 31-12-2025.
The annual accounts state €9,235 of overdue tax debts on 31-12-2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Lower solvency than 88% of companies in real estate. Sector median 28.9% · 17,194 companies.
Negative equity caps the score at 59.
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).
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).
In July 2024, 1,555 companies had the same profile as CREATIVE SOLUTION has now. Each dot stands for 4 companies, two years later.
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.
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.
| 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.
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.
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.
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.
| 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.
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.
Higher than 12% of 17,194 companies in 2025.
Higher than 14% of 16,491 companies in 2025.
Higher than 34% of 16,870 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
96,666 | 109,741 | |
21/28 |
81,400 | 92,422 | |
21 |
1,517 | 1,897 | |
22/27 |
79,883 | 90,525 | |
23 |
70,144 | 84,323 | |
24 |
9,739 | 6,202 | |
29/58 |
15,266 | 17,320 | |
40/41 |
13,932 | 17,272 | |
40 |
6,996 | 650 | |
41 |
6,936 | 16,622 | |
54/58 |
614 | 48 | |
490/1 |
720 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
96,666 | 109,741 | |
10/15 |
-12,260 | -11,892 | |
10/11 |
3,000 | 3,000 | |
10 |
- | 3,000 | |
100 |
- | 3,000 | |
14 |
-15,260 | -14,892 | |
17/49 |
108,926 | 121,633 | |
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 |
686 | 515 | |
66A |
470 | - | |
9901 |
121 | -14,829 | |
75/76B |
150 | - | |
75 |
150 | - | |
65/66B |
639 | 63 | |
65 |
639 | 63 | |
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 | |||
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.
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.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 14,063 | - | ||
| 13,574 | - | ||
| 2,920 | 92,422 | ||
| 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.
| Item | 2025 | 2024 |
|---|---|---|
| Overdue tax debts | €9,235 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of debts)
| Item | 2025 | 2024 |
|---|---|---|
| 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)
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).
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.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
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
| Establishment | Since | Unit number |
|---|---|---|
| Chemin de Wépion 57 registered office 5020 Namur | 24-10-2024 | 2.365.576.117 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92082C0259/00R000 | 3,995 m² | 1 · 278 m² | 7.3 m · 2 |
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
If something looks wrong or is missing, please tell us.