CreativeMind
ActiveSummary
CreativeMind has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42,675 and a net result of €7,230. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+1
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 14.37 against 13.56 in 2023; short-term debt: 6.1% and cash: 81.2% of total assets), and 6.1% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
50 d early
2022
48 d early
2021
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€42,675▼ 34.8%
2023 · €65,445
Total assets
€45,465▼ 35.4%
2023 · €70,328
Net result
€7,230▼ 33.0%
2023 · €10,784
Working capital
€37,303▼ 39.2%
2023 · €61,356
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line2021202220232024
Operating result€19,305-€48,121▲ 149%€10,629▼ 77.9%€11,545▲ 8.6%
Net result€14,625within the sector's middle half-€37,037within the sector's middle half▲ 153%€10,784within the sector's middle half▼ 70.9%€7,230within the sector's middle half▼ 33.0%
Equity€17,625below the sector's middle half-€54,662within the sector's middle half▲ 210%€65,445within the sector's middle half▲ 19.7%€42,675within the sector's middle half▼ 34.8%
Total assets€40,102below the sector's middle half-€70,651within the sector's middle half▲ 76.2%€70,328within the sector's middle half▼ 0.5%€45,465below the sector's middle half▼ 35.4%
Debt€22,477-€15,990▼ 28.9%€4,883▼ 69.5%€2,790▼ 42.9%
Working capital€16,254-€52,685▲ 224%€61,356▲ 16.5%€37,303▼ 39.2%
Solvency43.9%within the sector's middle half-77.4%within the sector's middle half▲ 33.4pp93.1%above the sector's middle half▲ 15.7pp93.9%above the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45,465
Fixed assets
€5,372 ▲ 31.4%
Current assets
€40,093 ▼ 39.5%
Equity and liabilities €45,465
Equity
€42,675 ▼ 34.8%
Debt
€2,790 ▼ 42.9%
Debt's share of the balance-sheet total falls from 6.9% to 6.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,474▲
2023 · €11,385
Cash flow
€9,160▼
2023 · €11,539
Current ratio
14.37▲
2023 · 13.56
Debt to equity
0.07▼
2023 · 0.07
ROE
16.9%▲
2023 · 16.5%
ROA
15.9%▲
2023 · 15.3%
Interest coverage
9.08▲
2023 · 8.24
Debt ≤ 1 year
€2,790▼
2023 · €4,883
Income taxes
€2,896▲
2023 · €2,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,875 | €6,653 | €756 | €1,930 | ▲ 155% |
| Other operating charges640/8 | €1,270 | €969 | €2,625 | €1,451 | ▼ 44.7% |
| Gross operating margin9900 | €25,451 | €55,744 | €14,011 | €14,926 | ▲ 6.5% |
| Operating profit (loss)9901 | €19,305 | €48,121 | €10,629 | €11,545 | ▲ 8.6% |
| Financial income75/76B | - | €1 | €4,263 | €64 | ▼ 98.5% |
| Recurring financial income75 | - | €1 | €5 | €64 | ▲ 1,099% |
| Non-recurring financial income76B | - | - | €4,257 | - | - |
| Financial charges65/66B | €99 | €258 | €1,382 | €1,483 | ▲ 7.3% |
| Recurring financial charges65 | €99 | €258 | €1,382 | €1,483 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €19,206 | €47,863 | €13,510 | €10,125 | ▼ 25.1% |
| Income taxes67/77 | €4,582 | €10,826 | €2,726 | €2,896 | ▲ 6.2% |
| Profit (loss) for the period9904 | €14,625 | €37,037 | €10,784 | €7,230 | ▼ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €14,625 | €37,037 | €10,784 | €7,230 | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €40,102 | €70,651 | €70,328 | €45,465 | ▼ 35.4% |
| Fixed assets21/28 | €8,125 | €2,546 | €4,089 | €5,372 | ▲ 31.4% |
| Tangible fixed assets22/27 | €8,125 | €2,546 | €4,089 | €5,372 | ▲ 31.4% |
| Furniture and vehicles24 | €8,125 | €2,546 | €4,089 | €5,372 | ▲ 31.4% |
| Current assets29/58 | €31,977 | €68,105 | €66,239 | €40,093 | ▼ 39.5% |
| Amounts receivable within one year40/41 | €6,582 | €5,990 | €6,605 | €2,934 | ▼ 55.6% |
| Trade receivables40 | €6,582 | €5,990 | €1,331 | - | - |
| Other amounts receivable41 | - | - | €5,274 | €2,934 | ▼ 44.4% |
| Cash at bank and in hand54/58 | €24,901 | €62,115 | €59,435 | €36,914 | ▼ 37.9% |
| Deferred charges and accrued income490/1 | €494 | - | €199 | €245 | ▲ 23.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €40,102 | €70,651 | €70,328 | €45,465 | ▼ 35.4% |
| Equity10/15 | €17,625 | €54,662 | €65,445 | €42,675 | ▼ 34.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | - | - | €3,000 | - | - |
| Share premium1100/10 | - | - | €3,000 | - | - |
| Profit (loss) carried forward14 | €14,625 | €51,662 | €62,445 | €39,675 | ▼ 36.5% |
| Amounts payable17/49 | €22,477 | €15,990 | €4,883 | €2,790 | ▼ 42.9% |
| Amounts payable after more than one year17 | €6,754 | €570 | - | - | - |
| Financial debts170/4 | €6,754 | €570 | - | - | - |
| Amounts payable within one year42/48 | €15,723 | €15,420 | €4,883 | €2,790 | ▼ 42.9% |
| Current portion of amounts payable after more than one year42 | €6,084 | €6,161 | - | - | - |
| Trade debts44 | €1,160 | €1,239 | €2,837 | €1,635 | ▼ 42.4% |
| Suppliers440/4 | €1,160 | €1,239 | €2,837 | €1,635 | ▼ 42.4% |
| Taxes, remuneration and social security45 | €8,468 | €4,498 | €2,025 | - | - |
| Taxes450/3 | €8,468 | €4,498 | €2,025 | - | - |
| Other amounts payable47/48 | €11 | €3,522 | €21 | €1,155 | ▲ 5,498% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,625 | €37,037 | €10,784 | €7,230 | ▼ 33.0% |
| + Depreciation and write-downs630 | €4,875 | €6,653 | €756 | €1,930 | ▲ 155% |
| Operating cash flow (approximation) | €19,500 | €43,690 | €11,539 | €9,160 | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | -€1,074 | -€2,299 | -€3,212 | ▼ 39.7% |
| Change in cash | - | €37,215 | -€2,680 | -€22,521 | ▼ 740% |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7,230 ▼33%
Net result drops to €7,230, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 13.56
Current ratio from 4.42 to 13.56; short-term debt falls from €15,420 to €4,883.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €37,037 ▲153%
Operating result €48,121, net result €37,037, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.42
Current ratio from 2.03 to 4.42; short-term debt falls from €15,723 to €15,420.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Modave · 1 establishment unit since 2021
Ground area
854 m²
Building footprint
97 m²
Volume, LiDAR
606 m³
Parcel 61058A0225/00X002, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Nicol Corthouts 21, 4577 Modave
since 20212.318.952.373
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61058A0225/00X002 | Wallonia | 854 m² | 1 · 97 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,707 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
Founded22-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769952544
Also
9925:BE0769952544
Registered
16-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.