Creative Therapy
ActiveSummary
Creative Therapy has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€30,123) and a net result of -€312,305. Equity is shrinking by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-28
Solvency14▼-61
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.28 against 4.45 in 2023; short-term debt: 32.1% and cash: 7.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-11.2%
Return on assets
-115.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€30,123
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
on the day
2022
9 d late
2021
on the day
2020
124 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€30,123
2023 · €282,181
Total assets
€269,735▼ 51.8%
2023 · €559,501
Net result
-€312,305▼ 649%
2023 · -€41,691
Working capital
€24,066▼ 90.9%
2023 · €264,257
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health 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
Line20202021202220232024
Operating result-€21,195▲ 57.9%-€56,184▼ 165%-€40,689▲ 27.6%-€32,520▲ 20.1%-€301,472▼ 827%
Net result-€23,772below the sector's middle half▲ 52.9%-€59,904below the sector's middle half▼ 152%-€46,389below the sector's middle half▲ 22.6%-€41,691below the sector's middle half▲ 10.1%-€312,305below the sector's middle half▼ 649%
Equity€66,026within the sector's middle half▼ 26.5%€6,122below the sector's middle half▼ 90.7%-€40,266below the sector's middle half€282,181within the sector's middle half-€30,123below the sector's middle half
Total assets€253,117within the sector's middle half▲ 45.8%€172,976within the sector's middle half▼ 31.7%€237,564within the sector's middle half▲ 37.3%€559,501within the sector's middle half▲ 136%€269,735within the sector's middle half▼ 51.8%
Debt€187,090▲ 123%€166,853▼ 10.8%€277,831▲ 66.5%€277,319▼ 0.2%€299,858▲ 8.1%
Working capital€164,889▲ 38.2%€55,782▼ 66.2%€86,736▲ 55.5%€264,257▲ 205%€24,066▼ 90.9%
Solvency26.1%below the sector's middle half▼ 25.7pp3.5%below the sector's middle half▼ 22.5pp-16.9%below the sector's middle half▼ 20.5pp50.4%within the sector's middle half▲ 67.4pp-11.2%below the sector's middle half▼ 61.6pp
Staff (FTE)2.8above the sector's middle half▲ 100%2.4▼ 14.3%3.4▲ 41.7%2.5▼ 26.5%2.6▲ 4.0%
above
within
below
the middle half (P25 to P75) of NACE 86, Human health 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 stays negative: a loss of €301,472 in 2024 against €32,520 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €236,666
Fixed assets
€125,934 ▼ 28.6%
Current assets
€110,732 ▼ 67.5%
Key figures and ratios
EBITDA
-€229,365▼
2023 · €20,554
Cash flow
-€240,197▼
2023 · €11,384
Current ratio
1.28▼
2023 · 4.45
Quick ratio
0.75▼
2023 · 3.77
Debt to equity
-9.95▼
2023 · 0.98
ROA
-115.8%▼
2023 · -7.5%
Interest coverage
-20.81▼
2023 · 2.24
Debt ≤ 1 year
€86,666▲
2023 · €76,610
Debt > 1 year
€205,817▲
2023 · €175,871
Income taxes
€141▲
2023 · €140
Staff costs
€98,785▼
2023 · €105,410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €71,337 | €120,833 | €105,410 | €98,785 | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,989 | €25,422 | €30,989 | €53,074 | €72,107 | ▲ 35.9% |
| Other operating charges640/8 | - | €677 | €1,332 | €604 | €1,333 | ▲ 121% |
| Gross operating margin9900 | €99,806 | €41,251 | €112,465 | €126,569 | -€129,247 | ▼ 202% |
| Operating profit (loss)9901 | -€21,195 | -€56,184 | -€40,689 | -€32,520 | -€301,472 | ▼ 827% |
| Financial income75/76B | - | €0 | €51 | €157 | €331 | ▲ 111% |
| Recurring financial income75 | €129 | €0 | €51 | €157 | €331 | ▲ 111% |
| Financial charges65/66B | - | €3,611 | €5,603 | €9,187 | €11,023 | ▲ 20.0% |
| Recurring financial charges65 | €2,705 | €3,611 | €5,603 | €9,187 | €11,023 | ▲ 20.0% |
| Profit (loss) for the period before taxes9903 | -€23,772 | -€59,794 | -€46,240 | -€41,550 | -€312,164 | ▼ 651% |
| Income taxes67/77 | - | €110 | €148 | €140 | €141 | ▲ 0.2% |
| Profit (loss) for the period9904 | -€23,772 | -€59,904 | -€46,389 | -€41,691 | -€312,305 | ▼ 649% |
| Profit (loss) for the period to be appropriated9905 | -€23,772 | -€59,904 | -€46,389 | -€41,691 | -€312,305 | ▼ 649% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253,117 | €172,976 | €237,564 | €559,501 | €269,735 | ▼ 51.8% |
| Formation expenses20 | - | - | - | €42,286 | €33,069 | ▼ 21.8% |
| Fixed assets21/28 | €73,797 | €72,075 | €72,321 | €176,349 | €125,934 | ▼ 28.6% |
| Intangible fixed assets21 | €62,373 | €65,713 | €69,887 | €172,653 | €123,726 | ▼ 28.3% |
| Tangible fixed assets22/27 | €11,424 | €6,362 | €2,434 | €3,696 | €2,208 | ▼ 40.2% |
| Plant, machinery and equipment23 | - | €4,583 | €1,987 | €764 | €24 | ▼ 96.8% |
| Furniture and vehicles24 | - | €889 | €91 | €2,932 | €2,184 | ▼ 25.5% |
| Leasing and similar rights25 | - | €889 | €356 | €0 | - | - |
| Current assets29/58 | €179,319 | €100,901 | €165,244 | €340,866 | €110,732 | ▼ 67.5% |
| Stocks and contracts in progress3 | €42,969 | €28,358 | €51,006 | €52,245 | €45,984 | ▼ 12.0% |
| Stocks30/36 | - | €28,358 | €51,006 | €52,245 | €45,984 | ▼ 12.0% |
| Amounts receivable within one year40/41 | €10,813 | €23,514 | €22,136 | €70,068 | €42,456 | ▼ 39.4% |
| Trade receivables40 | - | €22,087 | €18,747 | €59,301 | €41,059 | ▼ 30.8% |
| Other amounts receivable41 | - | €1,427 | €3,389 | €10,767 | €1,397 | ▼ 87.0% |
| Cash at bank and in hand54/58 | €124,665 | €48,003 | €91,198 | €216,977 | €21,421 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | - | €1,026 | €903 | €1,576 | €871 | ▼ 44.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253,117 | €172,976 | €237,564 | €559,501 | €269,735 | ▼ 51.8% |
| Equity10/15 | €66,026 | €6,122 | -€40,266 | €282,181 | -€30,123 | ▼ 111% |
| Contributions10/11 | - | €140,240 | €140,240 | €504,378 | €504,378 | = |
| Profit (loss) carried forward14 | -€74,214 | -€134,118 | -€180,506 | -€222,197 | -€534,502 | ▼ 141% |
| Amounts payable17/49 | €187,090 | €166,853 | €277,831 | €277,319 | €299,858 | ▲ 8.1% |
| Amounts payable after more than one year17 | €172,660 | €121,593 | €199,201 | €175,871 | €205,817 | ▲ 17.0% |
| Financial debts170/4 | - | €121,593 | €199,201 | €175,871 | €205,817 | ▲ 17.0% |
| Amounts payable within one year42/48 | €14,431 | €45,119 | €78,507 | €76,610 | €86,666 | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €14,973 | €26,235 | €33,330 | €34,054 | ▲ 2.2% |
| Trade debts44 | €4,749 | €18,941 | €20,581 | €19,589 | €45,012 | ▲ 130% |
| Suppliers440/4 | - | €18,941 | €20,581 | €19,589 | €45,012 | ▲ 130% |
| Taxes, remuneration and social security45 | - | €11,206 | €28,901 | €19,920 | €3,300 | ▼ 83.4% |
| Taxes450/3 | - | €3,181 | €113 | €3,419 | €180 | ▼ 94.7% |
| Remuneration and social security454/9 | - | €8,024 | €28,789 | €16,501 | €3,121 | ▼ 81.1% |
| Other amounts payable47/48 | - | €0 | €2,790 | €3,770 | €4,301 | ▲ 14.1% |
| Accrued charges and deferred income492/3 | - | €142 | €122 | €24,839 | €7,375 | ▼ 70.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,772 | -€59,904 | -€46,389 | -€41,691 | -€312,305 | ▼ 649% |
| + Depreciation and write-downs630 | €16,989 | €25,422 | €30,989 | €53,074 | €72,107 | ▲ 35.9% |
| Operating cash flow (approximation) | -€6,782 | -€34,482 | -€15,399 | €11,384 | -€240,197 | ▼ 2,210% |
| Investment in fixed assets (approximation) | - | -€23,700 | -€31,235 | -€157,102 | -€21,693 | ▲ 86.2% |
| Change in cash | - | -€76,663 | €43,195 | €125,779 | -€195,556 | ▼ 255% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€312,305
Net result drops to -€312,305, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.45
Current ratio from 2.10 to 4.45; short-term debt falls from €78,507 to €76,610.
31-12
Financial
Equity above €200,000Eq €282,181
Equity rises from -€40,266 to €282,181.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 2020
Ground area
7,122 m²
Building footprint
2,534 m²
Volume, LiDAR
42,716 m³
2 parcels, Flanders · tallest building 32.4 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Creative Therapy HQ
since 20202.306.372.166
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0266/00P002 | Flanders | 3,829 m² | 1 · 1,307 m² | 31.7 m · 6 fl. |
| 44032A0457/00G002 | Flanders | 3,293 m² | 1 · 1,227 m² | 32.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 6,533 EUR awarded · 6,533 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,920 EUR | 4,920 EUR |
| 2022 | 1 | 1,613 EUR | 1,613 EUR |
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,440 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
Founded03-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
47400Retail sale of information and communication equipment
62100Computer programming
86931Psychology services
Contact
E-mail
info@htbbedrijfsadviseurs.be
Phone
025827511
Website
www.mycreativetherapy.com/Gent
E-mail
info@mycreativetherapy.comGent
Phone
+32473567515Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724505272
Also
9925:BE0724505272
Registered
28-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.