CREFIN PROJECTS
ActiveCREFIN PROJECTS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.66M and a net result of €44k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 75% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▲+6
Solvency88▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 34.21 against 7.89 in 2023; short-term debt: 2.9% and cash: 24.3% of total assets), and 37.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
62.7%
Return on assets
1.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
16 d early
2022
39 d early
2021
13 d early
2020
1 d early
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.66M▲ 2.7%
2023 · €1.62M
2018: €1.57M
2019: €1.51M
2020: €1.68M
2021: €1.65M
2022: €1.63M
2023: €1.62M
2018 → 2024
Total assets
€2.65M▼ 7.7%
2023 · €2.87M
2018: €3.34M
2019: €2.44M
2020: €2.73M
2021: €2.64M
2022: €2.58M
2023: €2.87M
2018 → 2024
Net result
€44k
2023 · €-14k
2018: €-25k
2019: €-59k
2020: €172k
2021: €-29k
2022: €-21k
2023: €-14k
2018 → 2024
Working capital
€2.57M▲ 2.8%
2023 · €2.50M
2018: €3.14M
2019: €2.42M
2020: €2.51M
2021: €2.50M
2022: €2.50M
2023: €2.50M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.68M-€1.65M▼ 1.7%€1.63M▼ 1.3%€1.62M▼ 0.9%€1.66M▲ 2.7%
Operating result€227k-€-6k€-1k▲ 75.3%€2k€-6k
Net result€172k-€-29k€-21k▲ 24.7%€-14k▲ 33.2%€44k
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 turns negative in 2024: a loss of €6k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.65M
Equity
€1.66M▲ 2.7%
Debt
€989k▼ 21.1%
The debt ratio falls from 43.7% to 37.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
62.7%▲
2023 · 56.3%
Current ratio
34.21▲
2023 · 7.89
Quick ratio
33.17▲
2023 · 6.46
Debt / equity
0.59▼
2023 · 0.77
ROE
2.6%▲
2023 · -0.9%
ROA
1.7%▲
2023 · -0.5%
Debt
€989k▼
2023 · €1.25M
Debt ≤ 1 year
€77k▼
2023 · €364k
Debt > 1 year
€700k=
2023 · €700k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.87M€2.65M▼
Fixed assets21/28€5k-
Financial fixed assets28€5k-
Current assets29/58€2.87M€2.65M▼
Stocks and contracts in progress3€517k€81k▼
Stocks30/36€517k€81k▼
Amounts receivable within one year40/41€61k€23k▼
Trade receivables40€1k-
Other amounts receivable41€60k€23k▼
Current investments50/53€1.90M€1.90M=
Cash at bank and in hand54/58€385k€644k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.87M€2.65M▼
Equity10/15€1.62M€1.66M▲
Contributions10/11€1.50M€1.50M=
Reserves13€118k€162k▲
Distributable reserves133€118k€162k▲
Amounts payable17/49€1.25M€989k▼
Amounts payable after more than one year17€700k€700k=
Other amounts payable178/9€700k€700k=
Amounts payable within one year42/48€364k€77k▼
Trade debts44€188k€71k▼
Suppliers440/4€188k€71k▼
Taxes, remuneration and social security45€171k-
Taxes450/3€171k-
Other amounts payable47/48€4k€7k▲
Accrued charges and deferred income492/3€190k€211k▲
Income statement
Code20232024
Other operating charges640/8€1k€1k▲
Gross operating margin9900€3k€-5k▼
Operating profit (loss)9901€2k€-6k▼
Financial income75/76B€5k€71k▲
Recurring financial income75€5k€71k▲
Financial charges65/66B€21k€21k=
Recurring financial charges65€21k€21k=
Profit (loss) for the period before taxes9903€-14k€44k▲
Profit (loss) for the period9904€-14k€44k▲
Profit (loss) for the period to be appropriated9905€-14k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€44k▲
Transfer from equity791/2€14k-
Transfer to equity691/2-€44k
To other reserves6921-€44k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €44k
Net result €44k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 34.21
Current ratio from 7.89 to 34.21; short-term debt falls from €364k to €77k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €172k
Net result €172k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 9current ratio 145.88
Current ratio from 16.91 to 145.88; short-term debt falls from €197k to €17k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Peer · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwstraat 283990 PeerGround area
1,059 m²
Building footprint
244 m²
Volume, LiDAR
1,397 m³
Parcel 72030F0344/00N000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREFIN PROJECTS BVBA
since 20132.218.598.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030F0344/00N000 | Flanders | 1,059 m² | 1 · 244 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2013
Fiscal year end31-12
Activities, NACEBEL
68122Development of non-residential building projects
68121Development of residential building projects
62010Computer programming, consultancy and related activities
62020IT consultancy
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.