CREFIMO
ActiveSummary
CREFIMO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,185 and a net result of €3,342. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-16
Solvency44▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.34 against 0.51 in 2024; short-term debt: 68.4% and cash: 2% of total assets), and 80.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.2%
Return on assets
0.8%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filingsDeviation from the deadline
2025
2 d late
2024
230 d late
2023
2 d early
2022
on the day
2021
4 d late
2020
9 d early
2019
292 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 74 days after the deadline; the sector median for financial year 2024 is 8 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€85,185▲ 4.1%
2024 · €81,844
Total assets
€443,240▼ 27.6%
2024 · €612,357
Net result
€3,342▼ 27.8%
2024 · €4,630
Working capital
-€201,458▼ 190%
2024 · -€69,377
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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€39,720€37,243▼ 6.2%€32,739▼ 12.1%€17,864▼ 45.4%€46,500▲ 160%
Net result€35,143within the sector's middle half€31,249within the sector's middle half▼ 11.1%€19,538within the sector's middle half▼ 37.5%€4,630within the sector's middle half▼ 76.3%€3,342within the sector's middle half▼ 27.8%
Equity€26,427below the sector's middle half€57,676below the sector's middle half▲ 118%€77,214within the sector's middle half▲ 33.9%€81,844within the sector's middle half▲ 6.0%€85,185within the sector's middle half▲ 4.1%
Total assets€95,294below the sector's middle half▲ 365%€152,905below the sector's middle half▲ 60.5%€245,226within the sector's middle half▲ 60.4%€612,357above the sector's middle half▲ 150%€443,240above the sector's middle half▼ 27.6%
Debt€68,868▲ 197%€95,230▲ 38.3%€168,012▲ 76.4%€530,513▲ 216%€358,055▼ 32.5%
Working capital€15,408within the sector's middle half€32,002within the sector's middle half▲ 108%€20,968within the sector's middle half▼ 34.5%-€69,377below the sector's middle half-€201,458below the sector's middle half▼ 190%
Solvency27.7%within the sector's middle half▲ 41.0pp37.7%within the sector's middle half▲ 10.0pp31.5%within the sector's middle half▼ 6.2pp13.4%below the sector's middle half▼ 18.1pp19.2%within the sector's middle half▲ 5.9pp
Current ratio1.23within the sector's middle half▲ 1.111.98within the sector's middle half▲ 0.751.43within the sector's middle half▼ 0.550.51below the sector's middle half▼ 0.920.34below the sector's middle half▼ 0.17
Return on assets (ROA)36.9%above the sector's middle half▲ 55.8pp20.4%above the sector's middle half▼ 16.4pp8.0%within the sector's middle half▼ 12.5pp0.8%within the sector's middle half▼ 7.2pp0.8%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 160% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443,240
Fixed assets
€341,357 ▼ 36.8%
Current assets
€101,883 ▲ 40.9%
Equity and liabilities €443,240
Equity
€85,185 ▲ 4.1%
Debt
€358,055 ▼ 32.5%
Debt's share of the balance-sheet total falls from 86.6% to 80.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,913▲
2024 · €40,831
Cash flow
€25,754▼
2024 · €27,597
Debt to equity
4.20▼
2024 · 6.48
ROE
3.9%▼
2024 · 5.7%
Interest coverage
1.65▼
2024 · 3.57
Debt ≤ 1 year
€303,341▲
2024 · €141,662
Debt > 1 year
€54,713▼
2024 · €388,852
Income taxes
€1,352▼
2024 · €1,784
Staff costs
€950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,621 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €950 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,000 | €10,369 | €14,823 | €22,967 | €22,412 | ▼ 2.4% |
| Other operating charges640/8 | - | €410 | €9,341 | €22,971 | €900 | ▼ 96.1% |
| Non-recurring operating charges66A | - | - | - | - | €26,302 | - |
| Gross operating margin9900 | €45,720 | €48,022 | €56,903 | €63,803 | €97,066 | ▲ 52.1% |
| Operating profit (loss)9901 | €39,720 | €37,243 | €32,739 | €17,864 | €46,500 | ▲ 160% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €1,778 | €5,315 | €11,450 | €41,807 | ▲ 265% |
| Recurring financial charges65 | €581 | €1,778 | €5,315 | €11,450 | €41,807 | ▲ 265% |
| Profit (loss) for the period before taxes9903 | €39,139 | €35,465 | €27,424 | €6,414 | €4,694 | ▼ 26.8% |
| Income taxes67/77 | €3,996 | €4,216 | €7,886 | €1,784 | €1,352 | ▼ 24.2% |
| Profit (loss) for the period9904 | €35,143 | €31,249 | €19,538 | €4,630 | €3,342 | ▼ 27.8% |
| Profit (loss) for the period to be appropriated9905 | €35,143 | €31,249 | €19,538 | €4,630 | €3,342 | ▼ 27.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,294 | €152,905 | €245,226 | €612,357 | €443,240 | ▼ 27.6% |
| Fixed assets21/28 | €12,000 | €88,131 | €175,560 | €540,072 | €341,357 | ▼ 36.8% |
| Tangible fixed assets22/27 | €12,000 | €88,131 | €175,560 | €540,072 | €341,357 | ▼ 36.8% |
| Land and buildings22 | - | - | - | €381,302 | - | - |
| Furniture and vehicles24 | - | €500 | €2,448 | €4,258 | €205,445 | ▲ 4,725% |
| Leasing and similar rights25 | - | €87,631 | €173,112 | €154,512 | €135,912 | ▼ 12.0% |
| Current assets29/58 | €83,294 | €64,775 | €69,666 | €72,285 | €101,883 | ▲ 40.9% |
| Amounts receivable within one year40/41 | €35,308 | €1,268 | €53,641 | €46,264 | €91,393 | ▲ 97.5% |
| Trade receivables40 | - | €1,268 | €53,641 | €41,268 | €88,920 | ▲ 115% |
| Other amounts receivable41 | - | - | - | €4,996 | €2,473 | ▼ 50.5% |
| Cash at bank and in hand54/58 | €33,062 | €63,440 | €10,422 | €24,112 | €8,655 | ▼ 64.1% |
| Deferred charges and accrued income490/1 | - | €66 | €5,603 | €1,909 | €1,835 | ▼ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,294 | €152,905 | €245,226 | €612,357 | €443,240 | ▼ 27.6% |
| Equity10/15 | €26,427 | €57,676 | €77,214 | €81,844 | €85,185 | ▲ 4.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €14,027 | €45,276 | €64,814 | €69,444 | €72,785 | ▲ 4.8% |
| Amounts payable17/49 | €68,868 | €95,230 | €168,012 | €530,513 | €358,055 | ▼ 32.5% |
| Amounts payable after more than one year17 | - | €62,457 | €119,314 | €388,852 | €54,713 | ▼ 85.9% |
| Financial debts170/4 | - | €62,457 | €119,314 | €388,852 | €54,713 | ▼ 85.9% |
| Amounts payable within one year42/48 | €67,886 | €32,773 | €48,698 | €141,662 | €303,341 | ▲ 114% |
| Current portion of amounts payable after more than one year42 | - | €10,643 | €29,343 | €31,272 | €33,328 | ▲ 6.6% |
| Trade debts44 | €47,554 | €3,222 | €3,511 | €40,220 | €203,161 | ▲ 405% |
| Suppliers440/4 | - | €3,222 | €3,511 | €40,220 | €203,161 | ▲ 405% |
| Taxes, remuneration and social security45 | - | €17,321 | €14,467 | €4,702 | €1,352 | ▼ 71.3% |
| Taxes450/3 | - | €17,321 | €14,467 | €4,702 | €1,352 | ▼ 71.3% |
| Other amounts payable47/48 | - | €1,587 | €1,377 | €65,468 | €65,501 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,143 | €31,249 | €19,538 | €4,630 | €3,342 | ▼ 27.8% |
| + Depreciation and write-downs630 | €6,000 | €10,369 | €14,823 | €22,967 | €22,412 | ▼ 2.4% |
| Operating cash flow (approximation) | €41,143 | €41,618 | €34,362 | €27,597 | €25,754 | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | -€86,500 | -€102,253 | -€387,479 | €176,302 | ▲ 145% |
| Change in cash | - | €30,378 | -€53,018 | €13,690 | -€15,457 | ▼ 213% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 230 days late
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
30-06
Financial
Back to profitnet €35,143
Net result €35,143 after 2 loss-making years.
30-06
Financial
Liquidity times 10current ratio 1.23
Current ratio from 0.12 to 1.23.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 292 days late
30-06
Financial
Weakest financial yearnet -€3,866
Net result drops to -€3,866, the lowest in the series; recovery starts the following year.
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Genk · 1 establishment unit since 2010
Ground area
1,179 m²
Building footprint
135 m²
Volume, LiDAR
872 m³
Parcel 71304E0134/00B000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TGT – GENCOL
since 20102.187.188.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0134/00B000 | Flanders | 1,179 m² | 1 · 135 m² | 9.1 m · 2 fl. |
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.
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Antwerpen · Eq €84,702
KS LOGISTICS
BE 0747.588.205
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MEDI
BE 0471.490.769
Sint-Jans-Molenbeek · Eq €84,427
LATAN
BE 0431.580.516
Meise · Eq €84,370
Of 1,725 companies in sector 52210 we hold annual accounts for 774. 559 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
Founded01-04-2010
Fiscal year end30-06
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
52100Warehousing and storage
68121Development of residential building projects
70200Business and other management consultancy
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824581261
Also
9925:BE0824581261
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.