Creatool
ActiveSummary
Creatool has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,906) and a net result of €16,608. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 656 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+13
Solvency17▲+16
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.5 in 2024; short-term debt: 101.6% and cash: 2.5% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-8.4%
Return on assets
17.6%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 656 sector peers (2025).
NBB · sector comparisonPosition among 656 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
237 d late
2023
20 d early
2022
35 d early
2021
33 d early
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€7,906▲ 67.7%
2024 · -€24,514
Total assets
€94,346▼ 7.3%
2024 · €101,796
Net result
€16,608▲ 120%
2024 · €7,554
Working capital
-€41,280▲ 23.6%
2024 · -€54,000
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€21,957-€2,353▲ 89.3%€1,614€9,423▲ 484%€17,870▲ 89.6%
Net result-€23,199-€3,441▲ 85.2%€472€7,554▲ 1,499%€16,608▲ 120%
Equity-€41,499▼ 127%-€44,939▼ 8.3%-€44,467▲ 1.1%-€24,514▲ 44.9%-€7,906▲ 67.7%
Total assets€47,396▼ 30.1%€32,267▼ 31.9%€50,765▲ 57.3%€101,796▲ 101%€94,346▼ 7.3%
Debt€88,895▲ 3.3%€77,206▼ 13.1%€95,232▲ 23.3%€126,310▲ 32.6%€102,252▼ 19.0%
Working capital-€16,377-€31,919▼ 94.9%-€38,992▼ 22.2%-€54,000▼ 38.5%-€41,280▲ 23.6%
Staff (FTE)1▲ 66.7%0.8▼ 20.0%1▲ 25.0%0.9▼ 10.0%0.9=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,346
Fixed assets
€39,811 ▼ 17.5%
Current assets
€54,535 ▲ 1.8%
Key figures and ratios
EBITDA
€29,411▲
2024 · €18,047
Cash flow
€28,149▲
2024 · €16,177
Solvency
-8.4%▲
2024 · -24.1%
Current ratio
0.57▲
2024 · 0.50
Quick ratio
0.20▼
2024 · 0.28
Debt to equity
-12.93▼
2024 · -5.15
ROA
17.6%▲
2024 · 7.4%
Interest coverage
22.36▲
2024 · 9.59
Debt ≤ 1 year
€95,815▼
2024 · €107,549
Debt > 1 year
€6,429▼
2024 · €18,761
Staff costs
€34,071▼
2024 · €34,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 2,176 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €18,841 | €30,587 | €34,330 | €34,071 | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,635 | €4,521 | €5,982 | €8,624 | €11,541 | ▲ 33.8% |
| Other operating charges640/8 | - | €887 | €1,414 | €4,715 | €1,335 | ▼ 71.7% |
| Gross operating margin9900 | -€6,926 | €21,896 | €39,598 | €57,092 | €64,817 | ▲ 13.5% |
| Operating profit (loss)9901 | -€21,957 | -€2,353 | €1,614 | €9,423 | €17,870 | ▲ 89.6% |
| Financial income75/76B | - | €27 | €10 | €12 | €53 | ▲ 329% |
| Recurring financial income75 | €6 | €27 | €10 | €12 | €53 | ▲ 329% |
| Financial charges65/66B | - | €1,115 | €1,152 | €1,882 | €1,315 | ▼ 30.1% |
| Recurring financial charges65 | €1,249 | €1,115 | €1,152 | €1,882 | €1,315 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | -€23,199 | -€3,441 | €472 | €7,554 | €16,608 | ▲ 120% |
| Profit (loss) for the period9904 | -€23,199 | -€3,441 | €472 | €7,554 | €16,608 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | -€23,199 | -€3,441 | €472 | €7,554 | €16,608 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,396 | €32,267 | €50,765 | €101,796 | €94,346 | ▼ 7.3% |
| Fixed assets21/28 | €13,068 | €12,055 | €23,328 | €48,247 | €39,811 | ▼ 17.5% |
| Tangible fixed assets22/27 | €12,168 | €11,155 | €22,428 | €44,677 | €35,341 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | €16,773 | €17,163 | €12,895 | ▼ 24.9% |
| Furniture and vehicles24 | - | €11,155 | €5,655 | €27,514 | €20,298 | ▼ 26.2% |
| Other tangible fixed assets26 | - | - | - | - | €2,148 | - |
| Financial fixed assets28 | €900 | €900 | €900 | €3,570 | €4,470 | ▲ 25.2% |
| Current assets29/58 | €34,328 | €20,212 | €27,437 | €53,549 | €54,535 | ▲ 1.8% |
| Stocks and contracts in progress3 | €15,256 | €5,711 | €8,447 | €23,175 | €35,660 | ▲ 53.9% |
| Stocks30/36 | - | €5,711 | €8,447 | €23,175 | €35,660 | ▲ 53.9% |
| Amounts receivable within one year40/41 | €1,775 | €6,561 | €2,737 | €24,399 | €14,004 | ▼ 42.6% |
| Trade receivables40 | - | €5,123 | €2,630 | €20,025 | €13,399 | ▼ 33.1% |
| Other amounts receivable41 | - | €1,438 | €108 | €4,374 | €605 | ▼ 86.2% |
| Cash at bank and in hand54/58 | €16,316 | €6,678 | €15,153 | €3,508 | €2,354 | ▼ 32.9% |
| Deferred charges and accrued income490/1 | - | €1,263 | €1,099 | €2,466 | €2,518 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,396 | €32,267 | €50,765 | €101,796 | €94,346 | ▼ 7.3% |
| Equity10/15 | -€41,499 | -€44,939 | -€44,467 | -€24,514 | -€7,906 | ▲ 67.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | -€49,559 | -€52,999 | -€52,527 | -€43,114 | -€26,506 | ▲ 38.5% |
| Amounts payable17/49 | €88,895 | €77,206 | €95,232 | €126,310 | €102,252 | ▼ 19.0% |
| Amounts payable after more than one year17 | €38,190 | €25,075 | €28,804 | €18,761 | €6,429 | ▼ 65.7% |
| Financial debts170/4 | - | €25,075 | €28,804 | €18,761 | €6,429 | ▼ 65.7% |
| Amounts payable within one year42/48 | €50,705 | €52,131 | €66,429 | €107,549 | €95,815 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €16,669 | €10,157 | €17,294 | €12,333 | ▼ 28.7% |
| Trade debts44 | €11,243 | €13,554 | €8,372 | €12,247 | €6,668 | ▼ 45.6% |
| Suppliers440/4 | - | €13,554 | €8,372 | €12,247 | €6,668 | ▼ 45.6% |
| Taxes, remuneration and social security45 | - | €4,230 | €6,982 | €7,949 | €10,025 | ▲ 26.1% |
| Taxes450/3 | - | €273 | - | €150 | €2,236 | ▲ 1,391% |
| Remuneration and social security454/9 | - | €3,957 | €6,982 | €7,799 | €7,789 | ▼ 0.1% |
| Other amounts payable47/48 | - | €17,679 | €40,918 | €70,060 | €66,790 | ▼ 4.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,199 | -€3,441 | €472 | €7,554 | €16,608 | ▲ 120% |
| + Depreciation and write-downs630 | €5,635 | €4,521 | €5,982 | €8,624 | €11,541 | ▲ 33.8% |
| Operating cash flow (approximation) | -€17,565 | €1,080 | €6,455 | €16,177 | €28,149 | ▲ 74.0% |
| Investment in fixed assets (approximation) | - | -€3,508 | -€17,255 | -€33,543 | -€3,104 | ▲ 90.7% |
| Change in cash | - | -€9,639 | €8,475 | -€11,645 | -€1,154 | ▲ 90.1% |
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
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 237 days late
31-03
Financial
Highest result since 2019net €16,608 ▲120%
Operating result €17,870, net result €16,608, both a record.
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €472
Net result €472 after 2 loss-making years.
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €1,203
Net result €1,203 after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Harelbeke · 1 establishment unit since 2017
Ground area
3,748 m²
Building footprint
195 m²
Volume, LiDAR
1,027 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Creatool
since 20172.270.619.451
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0666/00B000 | Flanders | 2,861 m² | 1 · 111 m² | 6.4 m · 1 fl. |
| 34017B0663/00F000 | Flanders | 887 m² | 1 · 84 m² | 7.8 m · 2 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
2024 to 2025 · 2 entries · 2,970 EUR awarded · 2,970 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 1,485 EUR |
| 2024 | 1 | 2,970 EUR | 1,485 EUR |
Similar companies · same sector, comparable size
AVARI
BE 0839.223.313
Beersel · Eq €13,286
Skwoon
BE 0648.762.922
Kortrijk · Eq €14,897
BUTTERFLY PLANETARY SUPPORT
BE 0756.538.335
Jemeppe-sur-Sambre · Eq €15,170
ARKADE
BE 0784.776.520
Sambreville · Eq €15,312
MAGIC SCALE MODELING
BE 0738.633.125
Tubize · Eq €16,280
Of 338 companies in sector 32400 we hold annual accounts for 103. 65 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
Founded30-11-2017
Fiscal year end31-03
Activities, NACEBEL 2025
32400Other manufacturing
46497Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685495733
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.