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Credeb Projects

Active
Private limited companyfounded 20233 yrs activeBargestraat 14, 8340 Damme, BelgiumKBO/BCE: BE 0801.171.005
Summary

Credeb Projects has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,020) and a net result of -€28,953. Its solvency ranks better than 10% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-8
Solvency14▼-8
Growth32
Track record94
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.97 in 2024; short-term debt: 111.3% and cash: 2.1% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
-8.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€39,020
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 28-07-2026, 3 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
3 d early
2024
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Credeb Projects was incorporated on 26 April 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€39,020▼ 288%
2024 · -€10,067
Total assets
€346,109▲ 13.5%
2024 · €304,933
Net result
-€28,953▼ 92.2%
2024 · -€15,067
Working capital
-€39,020▼ 288%
2024 · -€10,067
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€14,754--€15,373▼ 4.2%
Net result-€15,067within the sector's middle half--€28,953below the sector's middle half▼ 92.2%
Equity-€10,067below the sector's middle half--€39,020below the sector's middle half▼ 288%
Total assets€304,933below the sector's middle half-€346,109below the sector's middle half▲ 13.5%
Debt€315,000-€385,129▲ 22.3%
Working capital-€10,067within the sector's middle half--€39,020within the sector's middle half▼ 288%
Solvency-3.3%below the sector's middle half--11.3%below the sector's middle half▼ 8.0pp
Current ratio0.97within the sector's middle half-0.90within the sector's middle half▼ 0.07
Return on assets (ROA)-4.9%below the sector's middle half--8.4%below the sector's middle half▼ 3.4pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2024: -€14,754-€14,754Net result 2024: -€15,067-€15,067Operating result 2025: -€15,373-€15,373Net result 2025: -€28,953-€28,95320242025-€30,000-€20,000-€10,000€0Operating result 2024: -€14,754-€14,800Net result 2024: -€15,067-€15,100Operating result 2025: -€15,373-€15,400Net result 2025: -€28,953-€29,00020242025
The operating result stays negative: a loss of €15,373 in 2025 against €14,754 in 2024; the loss grows.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.03▼
2024 · 0.04
Debt to equity
-9.87▲
2024 · -31.29
Debt ≤ 1 year
€385,129▲
2024 · €315,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
92% 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 1.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 1,555 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€304,933€346,109▲
Current assets29/58€304,933€346,109▲
Stocks and contracts in progress3€291,200€333,200▲
Stocks30/36€291,200€333,200▲
Amounts receivable within one year40/41€1,333€5,773▲
Other amounts receivable41€1,333€5,773▲
Cash at bank and in hand54/58€12,400€7,136▼
Equity and liabilities
Total equity and liabilities10/49€304,933€346,109▲
Equity10/15-€10,067-€39,020▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€15,067-€44,020▼
Amounts payable17/49€315,000€385,129▲
Amounts payable within one year42/48€315,000€385,129▲
Financial debts43€200,000€270,000▲
Credit institutions430/8€200,000€270,000▲
Trade debts44-€129
Suppliers440/4-€129
Other amounts payable47/48€115,000€115,000=
Income statement Code20242025
Other operating charges640/8€55€2,343▲
Gross operating margin9900-€14,699-€13,030▲
Operating profit (loss)9901-€14,754-€15,373▼
Financial charges65/66B€313€13,580▲
Recurring financial charges65€313€13,580▲
Profit (loss) for the period before taxes9903-€15,067-€28,953▼
Profit (loss) for the period9904-€15,067-€28,953▼
Profit (loss) for the period to be appropriated9905-€15,067-€28,953▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15,067-€44,020▼
Profit (loss) brought forward from the previous period14P--€15,067

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€55€2,343▲ 4,160%
Gross operating margin9900-€14,699-€13,030▲ 11.4%
Operating profit (loss)9901-€14,754-€15,373▼ 4.2%
Financial charges65/66B€313€13,580▲ 4,239%
Recurring financial charges65€313€13,580▲ 4,239%
Profit (loss) for the period before taxes9903-€15,067-€28,953▼ 92.2%
Profit (loss) for the period9904-€15,067-€28,953▼ 92.2%
Profit (loss) for the period to be appropriated9905-€15,067-€28,953▼ 92.2%
Line20242025Change
Assets
Total assets20/58€304,933€346,109▲ 13.5%
Current assets29/58€304,933€346,109▲ 13.5%
Stocks and contracts in progress3€291,200€333,200▲ 14.4%
Stocks30/36€291,200€333,200▲ 14.4%
Amounts receivable within one year40/41€1,333€5,773▲ 333%
Other amounts receivable41€1,333€5,773▲ 333%
Cash at bank and in hand54/58€12,400€7,136▼ 42.5%
Equity and liabilities
Total equity and liabilities10/49€304,933€346,109▲ 13.5%
Equity10/15-€10,067-€39,020▼ 288%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€15,067-€44,020▼ 192%
Amounts payable17/49€315,000€385,129▲ 22.3%
Amounts payable within one year42/48€315,000€385,129▲ 22.3%
Financial debts43€200,000€270,000▲ 35.0%
Credit institutions430/8€200,000€270,000▲ 35.0%
Trade debts44-€129-
Suppliers440/4-€129-
Other amounts payable47/48€115,000€115,000=
Line20242025Change
Profit (loss) for the period9904-€15,067-€28,953▼ 92.2%
Operating cash flow (approximation)-€15,067-€28,953▼ 92.2%
Change in cash--€5,264-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
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, Damme · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,027 m²
Building footprint
632 m²
Volume, LiDAR
1,310 m³
Parcel 31019C1038/00A000, Flanders · tallest building 14.6 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Credeb Projects
Bargestraat 14, 8340 DammeRepair, maintenance and installation of machinery and equipment
since 20232.344.950.452
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31019C1038/00A000 Flanders 2,027 m² 1 · 632 m² 14.6 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,293 companies in sector 68122 we hold annual accounts for 903. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801171005
Also 9925:BE0801171005
Registered 09-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.