Creco
ActiveSummary
Creco has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €393,272 and a net result of -€233,884. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 2357 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-63
Solvency38▼-23
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 1.69 in 2024; short-term debt: 87.1% and cash: 6.7% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
3 d early
2023
1 d early
2022
20 d early
2021
4 d early
2020
on the day
2019
28 d late
← 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 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 25 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€393,272▼ 37.3%
2024 · €627,156
Total assets
€3.0m▲ 74.6%
2024 · €1.7m
Net result
-€233,884
2024 · €48,537
Working capital
-€267,018
2024 · €668,919
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation 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
Line20212022202320242025
Operating result€416,431€36,559▼ 91.2%€185,795▲ 408%€66,555▼ 64.2%-€232,655
Net result€645,159above the sector's middle half€50,738above the sector's middle half▼ 92.1%€132,059above the sector's middle half▲ 160%€48,537within the sector's middle half▼ 63.2%-€233,884below the sector's middle half
Equity€383,320above the sector's middle half€434,059above the sector's middle half▲ 13.2%€566,118within the sector's middle half▲ 30.4%€627,156within the sector's middle half▲ 10.8%€393,272above the sector's middle half▼ 37.3%
Total assets€1.2mabove the sector's middle half▲ 233%€995,090above the sector's middle half▼ 16.2%€1.4mwithin the sector's middle half▲ 42.6%€1.7mwithin the sector's middle half▲ 22.9%€3.0mabove the sector's middle half▲ 74.6%
Debt€804,669▲ 30.1%€561,031▼ 30.3%€852,604▲ 52.0%€1.1m▲ 31.0%€2.7m▲ 137%
Working capital€378,220above the sector's middle half€106,999above the sector's middle half▼ 71.7%€527,001above the sector's middle half▲ 393%€668,919above the sector's middle half▲ 26.9%-€267,018below the sector's middle half
Solvency32.3%within the sector's middle half▲ 105.7pp43.6%within the sector's middle half▲ 11.4pp39.9%within the sector's middle half▼ 3.7pp36.0%within the sector's middle half▼ 3.9pp12.9%within the sector's middle half▼ 23.0pp
Current ratio1.47within the sector's middle half▲ 0.721.34within the sector's middle half▼ 0.133.60above the sector's middle half▲ 2.251.69within the sector's middle half▼ 1.900.90within the sector's middle half▼ 0.79
Return on assets (ROA)54.3%above the sector's middle half▲ 114.5pp5.1%within the sector's middle half▼ 49.2pp9.3%above the sector's middle half▲ 4.2pp2.8%within the sector's middle half▼ 6.5pp-7.7%below the sector's middle half▼ 10.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -92% on 2021. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €232,655 after €66,555 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€660,290 ▲ 510%
Current assets
€2.4m ▲ 45.8%
Equity and liabilities €3.0m
Equity
€393,272 ▼ 37.3%
Debt
€2.7m ▲ 137%
Debt's share of the balance-sheet total rises from 64.0% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€197,208▼
2024 · €91,449
Cash flow
-€198,437▼
2024 · €73,431
Debt to equity
6.74▲
2024 · 1.78
ROE
-59.5%▼
2024 · 7.7%
Interest coverage
-81.10▼
2024 · 6.03
Debt ≤ 1 year
€2.7m▲
2024 · €967,039
Income taxes
€0▼
2024 · €16,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 2,508 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 | €2,856 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €24,894 | €35,447 | ▲ 42.4% |
| Other operating charges640/8 | €30,846 | €3,316 | €1,069 | €2,436 | €1,118 | ▼ 54.1% |
| Non-recurring operating charges66A | - | - | - | - | €6,904 | - |
| Gross operating margin9900 | €450,133 | €39,875 | €186,865 | €93,885 | -€189,185 | ▼ 302% |
| Operating profit (loss)9901 | €416,431 | €36,559 | €185,795 | €66,555 | -€232,655 | ▼ 450% |
| Financial income75/76B | €283,200 | €38,694 | €13,088 | €13,823 | €1,203 | ▼ 91.3% |
| Recurring financial income75 | €283,200 | €38,694 | €13,088 | €13,823 | €1,203 | ▼ 91.3% |
| Financial charges65/66B | €697 | €5,904 | €4,614 | €15,172 | €2,432 | ▼ 84.0% |
| Recurring financial charges65 | €697 | €5,904 | €4,614 | €15,172 | €2,432 | ▼ 84.0% |
| Profit (loss) for the period before taxes9903 | €698,934 | €69,349 | €194,269 | €65,207 | -€233,884 | ▼ 459% |
| Income taxes67/77 | €53,776 | €18,610 | €62,210 | €16,669 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €645,159 | €50,738 | €132,059 | €48,537 | -€233,884 | ▼ 582% |
| Profit (loss) for the period to be appropriated9905 | €645,159 | €50,738 | €132,059 | €48,537 | -€233,884 | ▼ 582% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €995,090 | €1.4m | €1.7m | €3.0m | ▲ 74.6% |
| Fixed assets21/28 | €5,100 | €575,704 | €688,674 | €108,236 | €660,290 | ▲ 510% |
| Intangible fixed assets21 | - | - | - | €2,388 | €528,026 | ▲ 22,010% |
| Tangible fixed assets22/27 | - | - | - | €99,528 | €112,944 | ▲ 13.5% |
| Plant, machinery and equipment23 | - | - | - | €99,528 | €112,944 | ▲ 13.5% |
| Financial fixed assets28 | €5,100 | €575,704 | €688,674 | €6,320 | €19,320 | ▲ 206% |
| Current assets29/58 | €1.2m | €419,386 | €730,048 | €1.6m | €2.4m | ▲ 45.8% |
| Amounts receivable after more than one year29 | - | - | - | €5,000 | €5,000 | = |
| Trade receivables290 | - | - | - | €5,000 | €5,000 | = |
| Amounts receivable within one year40/41 | €457,592 | €282,580 | €62,617 | €1.4m | €1.6m | ▲ 13.4% |
| Trade receivables40 | €276,895 | €212,221 | €24,314 | €197,460 | €29,066 | ▼ 85.3% |
| Other amounts receivable41 | €180,697 | €70,359 | €38,303 | €1.2m | €1.5m | ▲ 30.0% |
| Cash at bank and in hand54/58 | €605,719 | €84,851 | €583,061 | €50,929 | €203,312 | ▲ 299% |
| Deferred charges and accrued income490/1 | €119,578 | €51,955 | €84,370 | €202,109 | €613,934 | ▲ 204% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €995,090 | €1.4m | €1.7m | €3.0m | ▲ 74.6% |
| Equity10/15 | €383,320 | €434,059 | €566,118 | €627,156 | €393,272 | ▼ 37.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €51,860 | €176,860 | €189,360 | €189,360 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €50,000 | €175,000 | €187,500 | €187,500 | = |
| Profit (loss) carried forward14 | €362,860 | €363,599 | €370,658 | €419,196 | €185,312 | ▼ 55.8% |
| Amounts payable17/49 | €804,669 | €561,031 | €852,604 | €1.1m | €2.7m | ▲ 137% |
| Amounts payable within one year42/48 | €804,669 | €312,387 | €203,047 | €967,039 | €2.7m | ▲ 174% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €499,950 | - |
| Financial debts43 | €1,123 | €823 | €2,417 | €7,198 | €2,883 | ▼ 59.9% |
| Credit institutions430/8 | €1,123 | €823 | €2,417 | €7,198 | €2,883 | ▼ 59.9% |
| Trade debts44 | €472,515 | €303,579 | €137,304 | €407,294 | €377,673 | ▼ 7.3% |
| Suppliers440/4 | €472,515 | €303,579 | €137,304 | €407,294 | €377,673 | ▼ 7.3% |
| Advances received on contracts in progress46 | €215,201 | €0 | €48,578 | €552,548 | €1.8m | ▲ 221% |
| Taxes, remuneration and social security45 | €53,005 | €0 | €12,210 | - | - | - |
| Taxes450/3 | €53,005 | €0 | €12,210 | - | - | - |
| Other amounts payable47/48 | €62,825 | €7,985 | €2,539 | €0 | - | - |
| Accrued charges and deferred income492/3 | €0 | €248,644 | €649,557 | €150,000 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €645,159 | €50,738 | €132,059 | €48,537 | -€233,884 | ▼ 582% |
| + Depreciation and write-downs630 | - | - | - | €24,894 | €35,447 | ▲ 42.4% |
| Operating cash flow (approximation) | €645,159 | €50,738 | €132,059 | €73,431 | -€198,437 | ▼ 370% |
| Investment in fixed assets (approximation) | - | -€570,604 | -€112,971 | €555,544 | -€587,501 | ▼ 206% |
| Change in cash | - | -€520,867 | €498,210 | -€532,132 | €152,382 | ▲ 129% |
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
2026
10-08
State Gazette act
RestructuringMerger · Dissolution · Name change8 facts ▸
State Gazette act
Restructuring
Merger · Dissolution · Name change8 facts ▸
- Merger, geruisloze fusie, algemene vergaderingen van al de bij deze fusie betrokken vennootschappen keuren voormelde fusievoorstellen goed
- Dissolution, merger, fusie
- Merger, geruisloze fusie, het gehele vermogen van de over te nemen vennootschap onder algemene titel over op de overnemende vennootschap
- Name change, Dare to Dream Events
- Registered office clause, 2330 Merksplas, Veldenbergstraat 73 A5
- Board meeting, de besluiten in verband met de geruisloze fusie uit te voeren, bestuursorgaan van de overnemende vennootschap
- Power of attorney, Philippe VAN DURME
- Power of attorney, PWC BUSINESS SERVICES
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
12-06
State Gazette act
RestructuringMerger · Registered office clause · Legal form clause16 facts ▸
State Gazette act
Restructuring
Merger · Registered office clause · Legal form clause16 facts ▸
- Merger, fusie door overname gelijkgestelde verrichting (vereenvoudigde zusterfusie), artikelen 12:7, 2° en 12:50 Wetboek van vennootschappen en verenigingen
- Other statement, actief- en passiefbestanddelen van Over Te Nemen Vennootschap worden overgedragen aan Overnemende Vennootschap, transfer of assets and liabilities
- Other statement, justification of the merger
- Registered office clause, Veldenbergstraat 73A, bus 5, 2330 Merksplas
- Legal form clause, besloten vennootschap
- Name clause, French Toast
- Capital
- Director in office, Lion Holding BV (sole director)
- Registered office clause, Veldenbergstraat 73A, bus 5, 2330 Merksplas
- Name clause, Creco
- Capital
- Director in office, Lion Holding BV (sole director)
- +4 further facts in this act
2025
31-12
Financial
Weakest financial yearnet -€233,884
Net result drops to -€233,884, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.60
Current ratio from 1.34 to 3.60; short-term debt falls from €312,387 to €203,047.
31-12
Financial
Equity above €500,000Eq €566,118 ▲30.4%
3 profitable years in a row build equity to €566,118.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €645,159
Net result €645,159 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €383,320
Equity rises from -€261,839 to €383,320.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merksplas · 1 establishment unit since 2006
Ground area
3.2 ha
Building footprint
2,309 m²
Volume, LiDAR
5,653 m³
Parcel 13023G0169/00V005, Flanders · tallest building 15.0 m. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Creco
since 20062.151.815.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023G0169/00V005 | Flanders | 3.2 ha | 1 · 2,309 m² | 15.0 m |
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.
Articles of association
Annual meeting
First Monday of June at 14:00
Purpose
Consultancy op het vlak van het management van ondernemingen; Uitoefening van bestuursmandaten in vennootschappen; Producen van allerlei zaken als muziek, tv-spots, radio-spots en…
Full purpose (11 activities)
- Consultancy op het vlak van het management van ondernemingen;
- Uitoefening van bestuursmandaten in vennootschappen;
- Producen van allerlei zaken als muziek, tv-spots, radio-spots en programma's;
- Organiseren van allerlei fuiven en evenementen;
- Kleinhandel van platen, materiaal en alle producten in de muzieksector;
- Verkopen en maken van reclame;
- DJ-activiteiten en artistieke prestaties;
- Overige recreatie- en ontspanningsactiviteiten,
- Het organiseren van evenementen, met uitzondering van sport- en kunstevenementen, met of zonder eigen accommodatie (rodeo's, licht- en klankspelen, vuurwerk, enzovoort)
- Promotie en organisatie van uitvoerende kunstevenementen
- De activiteiten van promotors, producenten of organisatoren van uitvoerende kunstevenementen, met inbegrip van alle soorten muziekfestivals, die al dan niet over hun eigen accommodatie beschikken
Other statement
Kosten fusie, ten laste van de overnemende vennootschap
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:French Toast
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 80,374 EUR awarded · 80,374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,520 EUR | 2,520 EUR |
| 2022 | 1 | 77,854 EUR | 77,854 EUR |
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Of 6,735 companies in sector 93299 we hold annual accounts for 1,169. 673 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
Founded10-02-2006
Fiscal year end31-12
Legal name NL
Dare to Dream Events
Activities, NACEBEL 2025
93299Other amusement and recreation activities
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879287974
Also
9925:BE0879287974
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.