Equity
Equity fell by 84% in 4 years.
Equity fell by 84% in 4 years.
The micro format states no turnover.
Short-term debts rose from €135,481 to €216,087.
The last five annual accounts were filed 0 to 41 days before the end of the period.
Lower solvency than 81% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
In July 2024, 3,818 companies had the same profile as CREATIVE4 has now. Each dot stands for 10 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 3,818 companies, not a prediction for CREATIVE4. 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.
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.
| Company | ||||
|---|---|---|---|---|
| CREATIVE4 Knokke-Heist | €256,130 | €16,987 | 15.6% | - |
| DIVASTA Kasterlee | €236,535 | €18,851 | 31.2% | - |
| INGENIERIE ET SERVICES Braine-l'Alleud | €260,624 | €15,906 | 73.1% | - |
| BLASCO Knokke-Heist | €319,517 | €17,754 | 93.0% | - |
| AVITECH ACOUSTICS Damme | €256,158 | €23,148 | 35.7% | - |
| BRUGGEMAN ENGINEERING Oostrozebeke | €192,678 | €19,962 | 69.1% | - |
| DORME ENGINEERING Roeselare | €305,496 | €22,839 | 76.9% | - |
These companies have the same main activity as CREATIVE4: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €193,000 and €320,000, founded between 2001 and 2007.
CREATIVE4 files the micro format. That format states no turnover. The gross margin fell from €28,770 in 2006 to €16,987 in 2025.
In March 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €76,000. Estimated: probably between €53,000 and €140,000.
Higher than 19% of 11,794 companies in 2025.
Higher than 27% of 11,521 companies in 2025.
Higher than 37% of 11,605 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
256,130 | 276,891 | 204,168 | 229,101 | 394,663 | 235,153 | 574,165 | 248,946 | 231,456 | 289,513 | 222,871 | 242,312 | 240,563 | 287,720 | 261,753 | 287,264 | 253,744 | 313,831 | 362,510 | 240,674 | |
21/28 |
124 | 124 | 124 | 124 | 124 | 147,665 | 155,636 | 164,032 | 173,554 | 183,486 | 188,312 | 196,826 | 205,340 | 212,685 | 220,383 | 226,472 | 234,883 | 243,036 | 352,519 | 180,429 | |
22/27 |
- | - | - | - | - | 147,541 | 155,512 | 163,908 | 173,430 | 183,362 | 188,188 | 196,702 | 205,216 | 212,561 | 220,259 | 226,348 | 234,759 | 242,912 | 352,396 | 180,305 | |
22 |
- | - | - | - | - | 147,541 | 155,512 | 163,476 | 171,440 | 179,404 | 187,368 | 195,472 | 203,576 | 211,680 | 218,498 | 225,776 | 233,614 | 241,195 | 349,550 | 177,530 | |
23 |
- | - | - | - | - | - | - | 432 | 1,990 | 3,958 | 820 | 1,230 | 1,640 | 881 | 1,761 | 573 | 1,145 | 1,718 | 2,846 | 2,775 | |
28 |
124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | |
29/58 |
256,006 | 276,767 | 204,044 | 228,977 | 394,539 | 87,488 | 418,529 | 84,914 | 57,902 | 106,027 | 34,559 | 45,486 | 35,223 | 75,035 | 41,370 | 60,792 | 18,862 | 70,795 | 9,990 | 60,245 | |
40/41 |
87,725 | 95,545 | 108,915 | 139,942 | 84,412 | 61,650 | 84,261 | 81,701 | 55,374 | 92,606 | 30,569 | 36,143 | 27,239 | 75,035 | 32,325 | 59,997 | 5,681 | 26,191 | 9,990 | 40,193 | |
40 |
74,686 | 67,723 | 80,258 | 97,359 | 61,783 | 34,943 | 65,012 | 77,523 | 53,749 | 88,690 | 27,027 | 35,187 | 27,239 | 75,035 | 32,325 | 59,997 | 5,681 | 26,191 | 8,044 | 5,246 | |
41 |
13,039 | 27,822 | 28,657 | 42,584 | 22,629 | 26,707 | 19,249 | 4,179 | 1,625 | 3,915 | 3,542 | 956 | - | - | - | - | - | - | 1,947 | 34,947 | |
50/53 |
73,249 | 54,809 | 50,139 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
93,975 | 125,660 | 44,681 | 88,804 | 309,787 | 22,694 | 286,406 | 3,213 | 2,528 | 13,421 | 3,990 | 9,343 | 7,639 | - | 9,045 | - | 12,913 | 44,604 | - | 20,052 | |
490/1 |
1,058 | 754 | 310 | 230 | 340 | 3,144 | 47,862 | - | - | - | - | - | 346 | - | - | 795 | 268 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
256,130 | 276,891 | 204,168 | 229,101 | 394,663 | 235,153 | 574,165 | 248,946 | 231,456 | 289,513 | 222,871 | 242,312 | 240,563 | 287,720 | 261,753 | 287,264 | 253,744 | 313,831 | 362,510 | 240,674 | |
10/15 |
40,043 | 140,956 | 139,706 | 136,408 | 253,802 | 152,350 | 158,571 | 31,175 | 25,494 | 26,352 | 27,486 | 27,938 | 22,591 | 13,817 | 19,531 | 15,604 | 17,121 | -537 | 10,724 | 7,534 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,400 | |
13 |
20,904 | 122,356 | 121,106 | 117,808 | 235,202 | 133,750 | 139,971 | 12,575 | 6,894 | 7,752 | 8,886 | 9,338 | 267 | 67 | 931 | 1,334 | 1,334 | 1,334 | 1,334 | 1,334 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 267 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
20,904 | 122,356 | 121,106 | 117,808 | 233,342 | 131,890 | 138,111 | 10,715 | 5,034 | 5,892 | 7,026 | 7,478 | - | - | 864 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | |
14 |
540 | 0 | 0 | - | - | - | - | - | - | - | - | - | 3,724 | -4,850 | - | -4,329 | -2,813 | -20,470 | -9,210 | - | |
17/49 |
216,087 | 135,936 | 64,462 | 92,693 | 140,861 | 82,802 | 415,594 | 217,770 | 205,962 | 263,160 | 195,386 | 214,374 | 217,972 | 273,903 | 242,222 | 271,660 | 236,623 | 314,368 | 351,786 | 233,140 | |
17 |
- | - | - | - | - | - | 16,704 | 38,711 | 60,391 | 82,277 | 103,135 | 123,569 | 142,934 | 161,941 | 180,083 | 195,755 | 211,204 | 227,119 | 241,068 | 200,694 | |
170/4 |
- | - | - | - | - | - | 16,704 | 38,711 | 60,391 | 82,277 | 103,135 | 123,569 | 142,934 | 161,941 | 180,083 | 195,755 | 211,204 | 227,119 | 241,068 | 200,694 | |
42/48 |
216,087 | 135,481 | 64,462 | 92,693 | 118,916 | 82,542 | 398,890 | 176,843 | 124,795 | 180,883 | 71,061 | 89,955 | 75,038 | 111,098 | 61,314 | 69,100 | 25,109 | 86,558 | 110,718 | 28,904 | |
42 |
- | - | - | - | - | 16,675 | 21,998 | 21,680 | 21,364 | 20,652 | 20,295 | 19,388 | 18,885 | 17,957 | 16,763 | 15,449 | 15,915 | 13,948 | 13,248 | 12,697 | |
43 |
- | - | - | - | 55,000 | - | - | - | - | - | - | - | - | 3,219 | - | 4,080 | - | - | 54,485 | - | |
430/8 |
- | - | - | - | 55,000 | - | - | - | - | - | - | - | - | 3,219 | - | 4,080 | - | - | 54,485 | - | |
44 |
105,746 | 114,481 | 64,462 | 16,235 | 63,853 | 65,804 | 36,805 | 4,632 | 1,409 | 11,797 | 16,819 | 14,506 | 25,603 | 11,435 | 6,849 | 8,857 | 3,694 | 36,008 | 34,552 | 9,432 | |
440/4 |
105,746 | 114,481 | 64,462 | 16,235 | 63,853 | 65,804 | 36,805 | 4,632 | 1,409 | 11,797 | 16,819 | 14,506 | 25,603 | 11,435 | 6,849 | 8,857 | 3,694 | 36,008 | 34,552 | 9,432 | |
45 |
483 | - | 0 | 1,458 | - | - | 134,027 | 29,907 | 8,329 | 10,789 | 1,342 | 6,152 | 6,496 | 5,103 | 5,770 | 9,103 | 2,789 | 27,891 | 5,722 | 4,064 | |
450/3 |
483 | - | 0 | 1,458 | - | - | 134,027 | 29,907 | 8,329 | 10,789 | 1,342 | 6,152 | 6,496 | 5,103 | 5,770 | 9,103 | 2,789 | 27,891 | 5,722 | 4,064 | |
47/48 |
109,858 | 21,000 | 0 | 75,000 | 63 | 63 | 206,060 | 120,623 | 93,693 | 137,646 | 32,604 | 49,909 | 24,055 | 73,384 | 31,933 | 31,611 | 2,711 | 8,711 | 2,711 | 2,711 | |
492/3 |
- | 455 | - | - | 21,945 | 260 | - | 2,216 | 20,775 | - | 21,190 | 850 | - | 864 | 825 | 6,804 | 311 | 690 | - | 3,542 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | 140,459 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
16,987 | 240,695 | 184,390 | 99,044 | 142,583 | 3,417 | 693,835 | 21,873 | 13,883 | 13,937 | 16,438 | 24,425 | 28,174 | 12,220 | 26,668 | 20,296 | 39,771 | 27,077 | 19,363 | 28,770 | |
630 |
- | - | - | - | - | 7,971 | 8,396 | 9,522 | 9,932 | 9,548 | 8,514 | 8,514 | 9,395 | 8,959 | 9,431 | 8,410 | 8,408 | 8,958 | 15,852 | 13,855 | |
640/8 |
528 | 218,385 | 179,192 | 997 | 496 | 911 | 1,622 | 2,221 | 1,924 | 1,829 | 1,980 | 1,713 | 847 | 1,235 | 1,262 | 1,194 | 1,291 | 1,417 | 195 | 1,457 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,073 | - | 4,500 | |
9901 |
16,459 | 22,310 | 5,197 | 98,047 | 142,087 | -5,465 | 683,818 | 10,130 | 2,027 | 2,561 | 5,945 | 14,198 | 17,933 | 2,026 | 15,975 | 10,692 | 30,072 | 16,703 | 3,316 | 13,458 | |
75/76B |
17 | 877 | 199 | 0 | - | 1 | 14 | 1,263 | 8 | 6 | 4 | 8 | 11 | 100 | 14 | 5 | 16 | 0 | 35 | 45 | |
75 |
17 | 877 | 199 | 0 | - | 1 | 14 | 1,263 | 8 | 6 | 4 | 8 | 11 | 100 | 14 | 5 | 16 | 0 | 35 | 45 | |
65/66B |
454 | 371 | 397 | 842 | 1,097 | 756 | 1,225 | 1,512 | 1,568 | 3,608 | 5,360 | 5,000 | 6,033 | 7,839 | 9,743 | 12,212 | 12,407 | 18,890 | 12,561 | 3,599 | |
65 |
454 | 371 | 397 | 842 | 1,097 | 756 | 1,225 | 1,512 | 1,568 | 3,608 | 5,360 | 5,000 | 6,033 | 7,839 | 9,743 | 12,212 | 12,407 | 18,890 | 12,561 | 3,599 | |
9903 |
16,023 | 22,816 | 5,000 | 97,205 | 140,990 | -6,220 | 682,607 | 9,882 | 467 | -1,041 | 588 | 9,206 | 11,910 | -5,713 | 6,246 | -1,516 | 17,681 | -11,260 | -9,210 | 5,404 | |
67/77 |
483 | 566 | 1,701 | 7,710 | 39,538 | - | 205,212 | 4,200 | 1,326 | 92 | 1,041 | 3,859 | 3,136 | 1 | 2,319 | 1 | 24 | - | - | 4,071 | |
9904 |
15,540 | 22,250 | 3,298 | 89,496 | 101,452 | -6,220 | 477,395 | 5,682 | -859 | -1,133 | -452 | 5,347 | 8,774 | -5,714 | 3,926 | -1,517 | 17,658 | -11,260 | -9,210 | 1,333 | |
9905 |
15,540 | 22,250 | 3,298 | 89,496 | 101,452 | -6,220 | 477,395 | 5,682 | -859 | -1,133 | -452 | 5,347 | 8,774 | -5,714 | 3,926 | -1,517 | 17,658 | -11,260 | -9,210 | 1,333 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
15,540 | 22,250 | 3,298 | 89,496 | 101,452 | -6,220 | 477,395 | 5,682 | -859 | -1,133 | -452 | 9,071 | 3,924 | -5,714 | -403 | -4,329 | -2,813 | -20,470 | -9,210 | 1,333 | |
791/2 |
101,452 | - | 0 | 131,890 | - | 6,220 | - | - | 859 | 1,133 | 452 | - | - | 864 | 403 | - | - | - | - | - | |
691/2 |
- | 1,250 | 3,298 | 14,496 | 101,452 | - | 127,395 | 5,682 | - | - | - | 9,071 | 200 | - | - | - | - | - | - | 1,333 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,593 | 200 | - | - | - | - | - | - | 66 | |
6921 |
- | 1,250 | 3,298 | 14,496 | 101,452 | - | 127,395 | 5,682 | - | - | - | 7,478 | - | - | - | - | - | - | - | 1,267 | |
694/7 |
116,452 | 21,000 | 0 | 206,890 | - | - | 350,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
101,452 | - | 0 | 131,890 | - | - | 350,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
15,000 | 21,000 | 0 | 75,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The notes to these accounts have 5 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 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00377750 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00248631 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00311501 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00161767 | |
| 30-09-2021 | micro format | 22-03-2022 | 2022-09000571 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13300370 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10900317 | |
| 30-09-2018 | micro format | 30-03-2019 | 2019-08800091 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-10800503 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-07800159 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-08000354 | |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-08600012 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11400202 | |
| 30-09-2012 | abbreviated format | 26-04-2013 | 2013-10000002 | |
| 30-09-2011 | abbreviated format | 14-03-2012 | 2012-06200100 | |
| 30-09-2010 | abbreviated format | 06-04-2011 | 2011-08100115 | |
| 30-09-2009 | abbreviated format | 07-04-2010 | 2010-08800134 | |
| 30-09-2008 | abbreviated format | 05-03-2009 | 2009-06800287 | |
| 30-09-2007 | abbreviated format | 27-03-2008 | 2008-08600384 | |
| 30-09-2006 | abbreviated format | 26-04-2007 | 2007-12700199 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | 2,506 | 692,214 | 19,652 | 11,959 | 12,109 | 14,459 | 22,712 | 27,327 | 10,985 | 25,406 | 19,102 | 38,480 | 25,661 | 19,168 | 27,313 | ||
| - | - | - | - | - | 1,751 | 485,791 | 15,204 | 9,073 | 8,414 | 8,062 | 13,861 | 18,169 | 3,245 | 13,357 | 6,894 | 26,066 | -2,302 | 6,642 | 15,188 | ||
| - | - | - | - | - | 0 | 0 | 0 | 0 | 4,721 | 0 | 0 | 2,050 | 1,261 | 3,341 | 0 | 254 | 37,027 | 187,942 | 198,784 | ||
| -31,685 | 80,978 | -44,123 | -220,983 | 287,093 | -263,712 | 283,193 | 685 | -10,893 | 9,431 | -5,352 | 1,704 | - | - | - | - | -31,691 | - | - | - | ||
| 39,919 | 141,286 | 139,582 | 136,284 | 275,624 | 4,946 | 19,639 | -91,929 | -66,894 | -74,857 | -36,501 | -44,469 | -39,815 | -36,063 | -19,944 | -8,308 | -6,247 | -15,763 | -100,728 | 31,341 | ||
| 15.6% | 50.9% | 68.4% | 59.5% | 64.3% | 64.8% | 27.6% | 12.5% | 11.0% | 9.1% | 12.3% | 11.5% | 9.4% | 4.8% | 7.5% | 5.4% | 6.7% | -0.2% | 3.0% | 3.1% | ||
| 1.18 | 2.04 | 3.17 | 2.47 | 3.32 | 1.06 | 1.05 | 0.48 | 0.46 | 0.59 | 0.49 | 0.51 | 0.47 | 0.68 | 0.67 | 0.88 | 0.75 | 0.82 | 0.09 | 2.08 | ||
| 5.40 | 0.96 | 0.46 | 0.68 | 0.56 | 0.54 | 2.62 | 6.99 | 8.08 | 9.99 | 7.11 | 7.67 | 9.65 | 19.82 | 12.40 | 17.41 | 13.82 | - | 32.80 | 30.95 | ||
| 38.8% | 15.8% | 2.4% | 65.6% | 40.0% | -4.1% | 301.1% | 18.2% | -3.4% | -4.3% | -1.6% | 19.1% | 38.8% | -41.4% | 20.1% | -9.7% | 103.1% | - | -85.9% | 17.7% | ||
| 6.1% | 8.0% | 1.6% | 39.1% | 25.7% | -2.6% | 83.1% | 2.3% | -0.4% | -0.4% | -0.2% | 2.2% | 3.6% | -2.0% | 1.5% | -0.5% | 7.0% | -3.6% | -2.5% | 0.6% |
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.
The operating result for 2025 is 26% lower than in 2024.
Debt's share of the balance-sheet total rises from 49.1% to 84.4%. Equity is lower and debt is higher.
CREATIVE4 has no parent and no holdings in its annual accounts.
| Gunst, Stephan (sole trader)
establishment since 02-01-2020 |
founded in 2020 0745.711.056 |
| Vereniging Van Mede-Eigenaars Residentie Ravenna Knokke-Heist (Knokke) Paul Parmentierlaan 192
registered office since 03-07-2017 |
founded in 2017 0679.528.451 |
| STEPHAN GUNST
registered office since 08-02-2017 |
founded in 2017 0670.853.285 |
The network lets you explore the ties of CREATIVE4.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Paul Parmentierlaan 192 registered office 8300 Knokke-Heist 71112 Activities of interior architects | 07-01-2005 | 2.144.986.833 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31013A1090/00A000 | 232 m² | 1 · 225 m² | 19.6 m · 1 |
If something looks wrong or is missing, please tell us.