Equity
CREATUS CONSTRUCT has made a profit in every financial year since 2021.
CREATUS CONSTRUCT has made a profit in every financial year since 2021.
The result rose in 2025 from €148,231 to €224,688.
The micro format states no turnover.
Latest accounts filed late: after the legal deadline.
Higher net result than 95% of companies in construction of buildings. Sector median €8,543 · 9,442 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 42% of them on solvency, 13% on liquidity, 91% on profitability and 69% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as CREATUS CONSTRUCT has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CREATUS CONSTRUCT itself is higher: 6.3% within 12 months. It rests on far more data about CREATUS CONSTRUCT than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for CREATUS CONSTRUCT. 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.
Liquidity is tight, with a current ratio of 1.5 (2.07 in 2024), below the usual 1.5. Short-term debt is 64.8% and cash 0.1% of total assets. 64.8% of the assets are financed with debt and provisions.
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.
The company filed its last 5 accounts on average 57 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CREATUS CONSTRUCT Wemmel | €323,700 | €219,813 | 35.2% | - |
| Umans Dries Keerbergen | €296,598 | €254,606 | 25.7% | 6.1 |
| DANNE CONSTRUCT Kraainem | €314,169 | €202,601 | 77.2% | - |
| LAC CONSTRUCT Sint-Pieters-Leeuw | €355,375 | €257,170 | 41.2% | 4.8 |
| HOMEABILIS Drogenbos | €266,237 | €236,464 | 78.2% | - |
| VDP Constructions Destelbergen | €322,473 | €225,687 | 33.5% | - |
| GOLDMANN.EU Ixelles | €329,120 | €204,993 | 46.6% | - |
These companies have the same main activity as CREATUS CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €266,000 and €355,000, founded between 2020 and 2021.
CREATUS CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €12,360 in 2021 to €219,813 in 2025.
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 ≈ €720,000. Estimated: probably between €510,000 and €1.1m.
Higher than 42% of 9,452 companies in 2025.
Higher than 44% of 9,200 companies in 2025.
Higher than 95% of 9,272 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
323,700 | 264,651 | 137,947 | 81,122 | 25,088 | |
21/28 |
9,667 | 25,697 | 51,393 | 1,928 | 3,857 | |
22/27 |
9,667 | 25,697 | 51,393 | 1,928 | 3,857 | |
24 |
9,667 | 25,697 | 51,393 | 1,928 | 3,857 | |
29/58 |
314,033 | 238,955 | 86,553 | 79,193 | 21,231 | |
40/41 |
313,697 | 238,887 | 84,421 | 38,653 | 3,351 | |
40 |
83,488 | 53,923 | 4,419 | 36,786 | - | |
41 |
230,209 | 184,965 | 80,002 | 1,867 | 3,351 | |
54/58 |
336 | 67 | 2,132 | 40,540 | 1,171 | |
490/1 |
- | - | - | - | 16,708 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
323,700 | 264,651 | 137,947 | 81,122 | 25,088 | |
10/15 |
113,886 | 89,198 | 55,967 | 36,297 | 11,571 | |
10/11 |
1,150 | 1,150 | 1,150 | 1,150 | 1,150 | |
13 |
115 | 115 | 115 | 115 | 115 | |
130/1 |
115 | 115 | 115 | 115 | 115 | |
1311 |
115 | 115 | 115 | 115 | 115 | |
14 |
112,621 | 87,933 | 54,702 | 35,032 | 10,306 | |
17/49 |
209,814 | 175,453 | 81,980 | 44,825 | 13,516 | |
42/48 |
209,814 | 115,471 | 60,000 | 26,105 | 13,516 | |
43 |
9,814 | 471 | - | - | - | |
430/8 |
9,814 | 471 | - | - | - | |
44 |
- | - | - | 3,111 | - | |
440/4 |
- | - | - | 3,111 | - | |
45 |
- | - | - | 2,994 | - | |
454/9 |
- | - | - | 2,994 | - | |
47/48 |
200,000 | 115,000 | 60,000 | 20,000 | 13,516 | |
492/3 |
- | 59,982 | 21,980 | 18,720 | - | |
| Income statement | ||||||
9900 |
219,813 | 150,055 | 107,425 | 46,727 | 12,360 | |
630 |
30,530 | 25,697 | 27,625 | 1,928 | 1,928 | |
640/8 |
14,107 | 2,581 | - | - | - | |
9901 |
175,176 | 121,778 | 79,800 | 44,798 | 10,432 | |
65/66B |
3,190 | 46 | 129 | 73 | 11 | |
65 |
3,190 | 46 | 129 | 73 | 11 | |
9903 |
171,986 | 121,731 | 79,670 | 44,725 | 10,421 | |
780 |
67,000 | 26,500 | - | - | - | |
67/77 |
14,299 | - | - | - | - | |
9904 |
224,688 | 148,231 | 79,670 | 44,725 | 10,421 | |
9905 |
224,688 | 148,231 | 79,670 | 44,725 | 10,421 | |
| Appropriation of the result | ||||||
9906 |
312,621 | 202,933 | 114,702 | 55,032 | 10,421 | |
14P |
87,933 | 54,702 | 35,032 | 10,306 | - | |
691/2 |
- | - | - | - | 115 | |
6920 |
- | - | - | - | 115 | |
694/7 |
200,000 | 115,000 | 60,000 | 20,000 | - | |
695 |
200,000 | 115,000 | 60,000 | 20,000 | - | |
| 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 15-10-2026.
2025 annual accounts filed 76 days after the deadline. Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00561620.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-10-2026 | 2026-00561620 | |
| 31-12-2024 | micro format | 06-07-2025 | 2025-00238261 | |
| 31-12-2023 | micro format | 09-11-2024 | 2024-00532885 | |
| 31-12-2022 | micro format | 24-09-2023 | 2023-00454470 | |
| 31-12-2021 | micro format | 16-10-2022 | 2022-20466973 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 205,706 | 147,474 | 107,425 | 46,727 | 12,360 | ||
| 255,218 | 173,928 | 107,295 | 46,653 | 12,350 | ||
| 14,500 | 0 | 77,090 | 0 | 5,785 | ||
| 269 | -2,065 | -38,407 | 39,368 | - | ||
| 104,219 | 123,483 | 26,553 | 53,088 | 7,715 | ||
| 35.2% | 33.7% | 40.6% | 44.7% | 46.1% | ||
| 1.50 | 2.07 | 1.44 | 3.03 | 1.57 | ||
| 1.84 | 1.97 | 1.46 | 1.23 | 1.17 | ||
| 197.3% | 166.2% | 142.4% | 123.2% | 90.1% | ||
| 69.4% | 56.0% | 57.8% | 55.1% | 41.5% | ||
| 64.48 | over 100 | over 100 | over 100 | over 100 |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,500 | - | €77,090 | - | €5,785 |
| €30,530 | €25,697 | €27,625 | €1,928 | €1,928 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 44% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total falls from 66.3% to 64.8%. Equity and debt are higher.
CREATUS CONSTRUCT has no parent and no holdings in its annual accounts. GHIULAI Florin is the only director. CREATUS CONSTRUCT shares no director with another company.
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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
CREATUS CONSTRUCT was incorporated on 27 July 2020 as a private limited company by one natural person, with a starting capital of €1,150.12 GHIULAI Florin is director of the company, appointed by deed of 03-03-2021.3 Total assets rose from €25,088 in 2021 to €323,700 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Lt. Graffplein 15 registered office 1780 Wemmel | ||
| Amaryllissenstraat 34 1083 Ganshoren | 27-07-2020 | 2.305.860.145 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 |
| 21392B0100/00R005 | Brussels | 143 m² | 1 · 110 m² | 10.4 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0751.511.953
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