Equity
€856,968 ▼ 0.5%
CreFin paid out €37,752 in dividends. That is 113% of the 2025 profit.
CreFin
Lifetime
16 annual accounts with figures on one time axispeak €378,375 (2018)
€120,327▲ 11.1%
peak €228,571 (2018)
€33,493▲ 11.5%
peak €861,227 (2024)
€856,968▼ 0.5%
€352,522▲ 2.3%
Board1 name since 2010
1 directorDELANDSHERE Erwin Marcel
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Dividend €37,752Cash from €201,975 to €268,830
Key points
from the 2025 annual accountsFilings
16 annual accounts since 2010
Six of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
€856,968
More equity than 95% of companies in advertising and market research. Sector median €58,792 · 8,622 companies.
Checked score
94
Excellent
Financially stronger than 56% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.2m
Liquidity: current ratio 3.55, cash €268,830
Figures for financial year 2025 (filed on 20-07-2026)
Equity €856,968 (70.9% of total assets)
Calculation
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 73, micro). It does better than 69% of them on solvency, 70% on liquidity, 42% on profitability and 41% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as CreFin has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of CreFin itself: < 0.1% within 12 months.
Test of the method
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 6,049 companies, not a prediction for CreFin. 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.
Credit verdict
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.55 (5.17 in 2024), above the usual 1.5. Short-term debt is 6.6% and cash 22.2% of total assets. 29.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
1 day late
2023
28 days early
2022
3 days early
2021
29 days late
2020
31 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DELANDSHERE Erwin Marcel Gabriel Joseph directordeed of 07-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0822355805
Merger: Crefin takes over AH CONSULTING
Change of role: DELANDSHERE Erwin Marcel Gabriel Joseph, from manager to director · DELANDSHERE Erwin Marcel Gabriel Joseph holds 1,000 shares (100%) · Gazette deed
Merger proposal: CreFin takes over AH Consulting
The company holds all the shares of AH Consulting · Gazette deed
Incorporation
published on 20-01-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CreFin Tongeren-Borgloon | €1.2m | €120,327 | 70.9% | - |
| K2M Consulting Hasselt | €1.1m | €109,045 | 40.1% | - |
| LANCIS CONSULTING & TRADING Schoten | €1.1m | €124,204 | 98.7% | - |
| DL@Consulting Frameries | €1.3m | €128,897 | 41.3% | - |
| BIO CONSULTING Lasne | €1.2m | €120,245 | 8.3% | - |
| COVER 11 Antwerp | €1.1m | €106,170 | 8.0% | - |
| VEROHAM Bruges | €1.3m | €139,136 | 35.3% | 0 |
These companies have the same main activity as CreFin: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €1.1m and €1.3m, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 18-01-2010Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 4 others
- Establishment unit
- 2.184.489.7853700 Tongeren-Borgloon, since 18-01-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 11-01-2026
Annual accounts 2025
- ≈ €220,000estimated
- €1.2m▲ 0.3%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on CreFin
CreFin files the micro format. That format states no turnover. The gross margin rose from €38,048 in 2010 to €120,327 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CreFin
- What is the company number of CreFin?
- The company number of CreFin is 0822.355.805. The VAT number is the same number with BE in front: BE 0822.355.805.
- Where is CreFin based?
- The registered office is at Sint-Geertruistraat 162, 3700 Tongeren-Borgloon.Company details
- What does CreFin do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of CreFin?
- CreFin is a private limited company (BV).
- When was CreFin founded?
- CreFin was founded on 18-01-2010.
- Is CreFin still active?
- Yes, CreFin is an active enterprise in the KBO register.
- What is the turnover of CreFin?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €120,327 and 38 comparable companies (NACE 73). It probably lies between €170,000 and €440,000.Financials
- Is CreFin profitable?
- In financial year 2025, CreFin made a profit of €33,493.
- Where can I find the annual accounts of CreFin?
- CreFin filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CreFin due?
- CreFin must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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