CREFINASSUR
ActiveSummary
The computed 12-month bankruptcy probability of CREFINASSUR is 3.2% (moderate). The annual accounts of CREFINASSUR for fiscal year 2024 show a net loss of 107% of total assets and of 56% of the equity at the start of that year. The 2024 annual accounts show equity of €5,876 and a net result of -€7,629. Equity is shrinking by ~10.6% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
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.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 4,805 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €40,857 | €29,022 | €25,511 | €21,516 | €2,997 | ▼ 86.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €20,235 | €14,681 | €14,181 | €13 | ▼ 99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €225 | - | - | €435 | €435 | = |
| Other operating charges640/8 | - | €640 | €704 | €708 | €727 | ▲ 2.8% |
| Gross operating margin9900 | €17,129 | €8,787 | €10,830 | €7,335 | -€4,016 | ▼ 155% |
| Operating profit (loss)9901 | €15,766 | €8,147 | €10,126 | €6,192 | -€5,179 | ▼ 184% |
| Financial income75/76B | - | €3 | €11 | €6 | - | - |
| Recurring financial income75 | - | €3 | €11 | €6 | - | - |
| Financial charges65/66B | - | €227 | €110 | €165 | €27 | ▼ 83.6% |
| Recurring financial charges65 | €48 | €227 | €48 | €102 | €27 | ▼ 73.5% |
| Non-recurring financial charges66B | - | €227 | €62 | €63 | - | - |
| Profit (loss) for the period before taxes9903 | €15,718 | €7,923 | €10,027 | €6,033 | -€5,206 | ▼ 186% |
| Income taxes67/77 | €6,853 | €4,969 | €2,505 | €2,833 | €2,423 | ▼ 14.5% |
| Profit (loss) for the period9904 | €8,865 | €2,954 | €7,521 | €3,200 | -€7,629 | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | €8,865 | €2,954 | €7,521 | €3,200 | -€7,629 | ▼ 338% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,046 | €17,100 | €14,512 | €14,324 | €7,099 | ▼ 50.4% |
| Formation expenses20 | €1,329 | €1,329 | €1,329 | - | - | - |
| Fixed assets21/28 | - | - | - | €2,199 | €1,764 | ▼ 19.8% |
| Intangible fixed assets21 | - | - | - | €1,329 | €1,329 | = |
| Tangible fixed assets22/27 | - | €0 | - | €870 | €435 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €870 | €435 | ▼ 50.0% |
| Current assets29/58 | €18,717 | €15,770 | €13,183 | €12,125 | €5,335 | ▼ 56.0% |
| Amounts receivable within one year40/41 | €12,786 | €10,825 | €10,953 | €8,799 | €3,812 | ▼ 56.7% |
| Trade receivables40 | - | €2,127 | €1,870 | €1,432 | €2,500 | ▲ 74.6% |
| Other amounts receivable41 | - | €8,698 | €9,083 | €7,367 | €1,312 | ▼ 82.2% |
| Cash at bank and in hand54/58 | €5,931 | €4,946 | €2,230 | €3,326 | €1,523 | ▼ 54.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,046 | €17,100 | €14,512 | €14,324 | €7,099 | ▼ 50.4% |
| Equity10/15 | €12,757 | €9,997 | €9,661 | €13,504 | €5,876 | ▼ 56.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €1,443 | €1,444 | €1,820 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,444 | €1,820 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,444 | €1,820 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €5,114 | €2,353 | €1,641 | €5,444 | -€2,184 | ▼ 140% |
| Amounts payable17/49 | €7,289 | €7,103 | €4,851 | €820 | €1,223 | ▲ 49.2% |
| Amounts payable within one year42/48 | €7,289 | €7,103 | €4,851 | €820 | €1,223 | ▲ 49.2% |
| Trade debts44 | €4,289 | €3,138 | €1,411 | - | - | - |
| Suppliers440/4 | - | €3,138 | €1,411 | - | - | - |
| Taxes, remuneration and social security45 | - | €3,964 | €3,439 | €820 | €1,223 | ▲ 49.2% |
| Taxes450/3 | - | €3,964 | €3,439 | €820 | €1,223 | ▲ 49.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,865 | €2,954 | €7,521 | €3,200 | -€7,629 | ▼ 338% |
| + Depreciation and write-downs630 | €225 | - | - | €435 | €435 | = |
| Operating cash flow (approximation) | €9,090 | €2,954 | €7,521 | €3,635 | -€7,194 | ▼ 298% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€985 | -€2,716 | €1,096 | -€1,803 | ▼ 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.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0007/00Y007 | Brussels | 2,656 m² | 1 · 956 m² | 22.5 m · 6 fl. |
Linked by address, not proof of ownership
Company details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
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