CREATOP IMMO
ActiveSummary
CREATOP IMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-74k) and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▲+2
Solvency13▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.19 in 2024; short-term debt: 83.8% and cash: 0.9% of total assets), and equity is negative.
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Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
-11.5%
Return on assets
-6.4%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-74k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
280 d late
2023
142 d late
2022
7 d late
2021
10 d late
2020
83 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€-74k▼ 127%
2024 · €-33k
Total assets
€642k▲ 6.0%
2024 · €606k
Net result
€-41k▲ 14.0%
2024 · €-48k
Working capital
€-459k▼ 22.5%
2024 · €-375k
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€13k€-48k€8k€-47k€-41k▲ 14.0%
Net result€13k€8k▼ 36.7%€5k▼ 32.9%€-48k€-41k▲ 14.0%
Equity€2k€10k▲ 373%€15k▲ 52.9%€-33k€-74k▼ 127%
Total assets€182k▲ 30.7%€1.33M▲ 629%€674k▼ 49.3%€606k▼ 10.2%€642k▲ 6.0%
Debt€180k▲ 20.2%€1.32M▲ 632%€659k▼ 50.1%€639k▼ 3.1%€716k▲ 12.2%
Working capital€-2k▲ 98.7%€-281k▼ 14,227%€-359k▼ 27.4%€-375k▼ 4.6%€-459k▼ 22.5%
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 €41k in 2025 against €47k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €642k
Fixed assets
€563k ▲ 8.2%
Current assets
€79k ▼ 7.8%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-16k
Cash flow
€-4k▲
2024 · €-16k
Solvency
-11.5%▼
2024 · -5.4%
Current ratio
0.15▼
2024 · 0.19
Debt to equity
-9.68▲
2024 · -19.58
ROA
-6.4%▲
2024 · -7.9%
Interest coverage
-10.18▲
2024 · -115.27
Debt ≤ 1 year
€538k▲
2024 · €461k
Debt > 1 year
€178k=
2024 · €178k
Income taxes
€235▼
2024 · €458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €270 | €30k | €30k | €32k | €38k | ▲ 18.5% |
| Other operating charges640/8 | - | €14k | €1k | €17k | €325 | ▼ 98.1% |
| Non-recurring operating charges66A | - | €63k | - | - | - | - |
| Gross operating margin9900 | €13k | €57k | €39k | €1k | €-3k | ▼ 378% |
| Operating profit (loss)9901 | €13k | €-48k | €8k | €-47k | €-41k | ▲ 14.0% |
| Financial income75/76B | - | €58k | €0 | - | €3 | - |
| Recurring financial income75 | - | €0 | €0 | - | €3 | - |
| Non-recurring financial income76B | - | €58k | - | - | - | - |
| Financial charges65/66B | €8 | €192 | €675 | €137 | €319 | ▲ 133% |
| Recurring financial charges65 | €8 | €192 | €675 | €137 | €319 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €13k | €9k | €7k | €-48k | €-41k | ▲ 13.6% |
| Income taxes67/77 | - | €1k | €2k | €458 | €235 | ▼ 48.8% |
| Profit (loss) for the period9904 | €13k | €8k | €5k | €-48k | €-41k | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | €13k | €8k | €5k | €-48k | €-41k | ▲ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182k | €1.33M | €674k | €606k | €642k | ▲ 6.0% |
| Formation expenses20 | €416 | €146 | €0 | €0 | - | - |
| Fixed assets21/28 | €182k | €469k | €552k | €520k | €563k | ▲ 8.2% |
| Tangible fixed assets22/27 | €182k | €469k | €552k | €520k | €563k | ▲ 8.2% |
| Land and buildings22 | €182k | €469k | €551k | €520k | €543k | ▲ 4.6% |
| Furniture and vehicles24 | - | - | €1k | €848 | €20k | ▲ 2,256% |
| Current assets29/58 | €379 | €861k | €122k | €85k | €79k | ▼ 7.8% |
| Amounts receivable after more than one year29 | - | €113k | €75k | €75k | - | - |
| Other amounts receivable291 | - | €113k | €75k | €75k | - | - |
| Amounts receivable within one year40/41 | - | €295k | €46k | €9k | €73k | ▲ 681% |
| Trade receivables40 | - | €242k | €4k | €4k | €31k | ▲ 700% |
| Other amounts receivable41 | - | €53k | €42k | €6k | €42k | ▲ 668% |
| Cash at bank and in hand54/58 | €379 | €415k | €1k | €1k | €6k | ▲ 419% |
| Deferred charges and accrued income490/1 | - | €40k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182k | €1.33M | €674k | €606k | €642k | ▲ 6.0% |
| Equity10/15 | €2k | €10k | €15k | €-33k | €-74k | ▼ 127% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-4k | €4k | €9k | €-39k | €-80k | ▼ 107% |
| Amounts payable17/49 | €180k | €1.32M | €659k | €639k | €716k | ▲ 12.2% |
| Amounts payable after more than one year17 | €178k | €178k | €178k | €178k | €178k | = |
| Financial debts170/4 | €178k | €178k | €178k | €178k | €178k | = |
| Amounts payable within one year42/48 | €2k | €1.14M | €481k | €461k | €538k | ▲ 16.9% |
| Trade debts44 | €375 | €103k | €16k | €7k | €11k | ▲ 53.9% |
| Suppliers440/4 | €375 | €103k | €16k | €7k | €11k | ▲ 53.9% |
| Taxes, remuneration and social security45 | - | €1k | €3k | €2k | €139 | ▼ 92.8% |
| Taxes450/3 | - | €1k | €3k | €2k | €139 | ▼ 92.8% |
| Other amounts payable47/48 | €2k | €1.04M | €461k | €451k | €527k | ▲ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €8k | €5k | €-48k | €-41k | ▲ 14.0% |
| + Depreciation and write-downs630 | €270 | €30k | €30k | €32k | €38k | ▲ 18.5% |
| Operating cash flow (approximation) | €13k | €38k | €35k | €-16k | €-4k | ▲ 76.8% |
| Investment in fixed assets (approximation) | - | €-317k | €-113k | €0 | €-80k | - |
| Change in cash | - | €414k | €-413k | €-192 | €5k | ▲ 2,624% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 280 days late
2024
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
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.
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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, Charleroi · 1 establishment unit since 2018
Ground area
4,181 m²
Building footprint
664 m²
Volume, LiDAR
5,321 m³
2 parcels, Wallonia · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CREATOP IMMO
since 20182.280.804.352
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048D0065/00A017 | Wallonia | 3,915 m² | 1 · 566 m² | 11.2 m · 2 fl. |
| 52011D0275/00V013 | Wallonia | 265 m² | 1 · 97 m² | 16.0 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 3,697 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 (pre-2019)
Founded17-07-2018
Fiscal year end31-12
Trade name FR
SPRL
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.