CREFINET
ActiveSummary
CREFINET is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€44,515) and a net result of -€91,085. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 8% of 2469 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 2469 sector peers (2025).
NBB · sector comparisonPosition among 2469 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
57 d late
2023
61 d late
2022
60 d late
2021
97 d late
2020
87 d late
2019
217 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 87 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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. Usually files around 29 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€44,515
2024 · €46,570
Net result
-€91,085▲ 44.9%
2024 · -€165,434
Total assets
€1.1m▼ 16.8%
2024 · €1.4m
Solvency
-3.9%▼ 7.4pp
2024 · 3.4%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 66, Activities auxiliary to financial services and insurance 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,970▲ 34.1%€46,341▲ 15.9%€52,088▲ 12.4%-€138,886-€92,118▲ 33.7%
Net result€2,349below the sector's middle half▼ 60.5%€7,177below the sector's middle half▲ 206%€10,836below the sector's middle half▲ 51.0%-€165,434below the sector's middle half-€91,085below the sector's middle half▲ 44.9%
Equity€193,992within the sector's middle half▲ 1.2%€201,169within the sector's middle half▲ 3.7%€212,004within the sector's middle half▲ 5.4%€46,570below the sector's middle half▼ 78.0%-€44,515below the sector's middle half
Total assets€1.9mwithin the sector's middle half▼ 0.8%€1.8mwithin the sector's middle half▼ 6.4%€1.4mwithin the sector's middle half▼ 22.2%€1.4mwithin the sector's middle half▼ 3.8%€1.1mabove the sector's middle half▼ 16.8%
Debt€1.7m▼ 1.0%€1.6m▼ 7.5%€1.2m▼ 25.6%€1.3m▲ 9.4%€1.2m▼ 10.5%
Working capital-€109,756below the sector's middle half▲ 34.2%-€302,707below the sector's middle half▼ 176%-€245,845below the sector's middle half▲ 18.8%-€428,850below the sector's middle half▼ 74.4%-€327,773below the sector's middle half▲ 23.6%
Solvency10.0%below the sector's middle half▲ 0.2pp11.1%below the sector's middle half▲ 1.1pp15.0%within the sector's middle half▲ 3.9pp3.4%below the sector's middle half▼ 11.6pp-3.9%below the sector's middle half▼ 7.4pp
Current ratio0.75below the sector's middle half▲ 0.080.25below the sector's middle half▼ 0.500.24below the sector's middle half▼ 0.020.10below the sector's middle half▼ 0.140.19below the sector's middle half▲ 0.09
Return on assets (ROA)0.1%below the sector's middle half▼ 0.2pp0.4%below the sector's middle half▲ 0.3pp0.8%below the sector's middle half▲ 0.4pp-12.2%below the sector's middle half▼ 12.9pp-8.1%below the sector's middle half▲ 4.1pp
Staff (FTE)1.4below the sector's middle half▼ 17.6%1.9below the sector's middle half▲ 35.7%1.3below the sector's middle half▼ 31.6%0.9below the sector's middle half▼ 30.8%0.1▼ 88.9%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €92,118 in 2025 against €138,886 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▼ 19.6%
Current assets
€75,535 ▲ 60.7%
Equity and liabilities
Equity-€44,515
Debt€1.2m
Equity is negative: debt (€1.2m) exceeds the balance-sheet total (€1.1m).
Key figures and ratios
Debt ≤ 1 year
€403,308▼
2024 · €475,842
Debt > 1 year
€770,589▼
2024 · €835,612
Income taxes
€225▲
2024 · €225
Staff costs
€10,727▼
2024 · €26,433
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €35,752 | €68,712 | €40,061 | €26,433 | €10,727 | ▼ 59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,064 | €120,264 | €84,129 | €93,814 | €75,547 | ▼ 19.5% |
| Other operating charges640/8 | €41,919 | €38,005 | €45,985 | €26,205 | €34,139 | ▲ 30.3% |
| Non-recurring operating charges66A | - | €13,756 | - | - | - | - |
| Gross operating margin9900 | €246,705 | €287,079 | €222,263 | €7,565 | €28,295 | ▲ 274% |
| Operating profit (loss)9901 | €39,970 | €46,341 | €52,088 | -€138,886 | -€92,118 | ▲ 33.7% |
| Financial income75/76B | €3,353 | €2,603 | €126 | €85 | €26,693 | ▲ 31,322% |
| Recurring financial income75 | €3,353 | €2,603 | €126 | €85 | €26,693 | ▲ 31,322% |
| Financial charges65/66B | €34,395 | €33,233 | €31,230 | €26,408 | €25,434 | ▼ 3.7% |
| Recurring financial charges65 | €34,395 | €33,233 | €31,230 | €26,408 | €25,434 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €8,929 | €15,711 | €20,984 | -€165,210 | -€90,860 | ▲ 45.0% |
| Income taxes67/77 | €6,580 | €8,535 | €10,148 | €225 | €225 | ▲ 0.1% |
| Profit (loss) for the period9904 | €2,349 | €7,177 | €10,836 | -€165,434 | -€91,085 | ▲ 44.9% |
| Profit (loss) for the period to be appropriated9905 | €2,349 | €7,177 | €10,836 | -€165,434 | -€91,085 | ▲ 44.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €1.4m | €1.4m | €1.1m | ▼ 16.8% |
| Fixed assets21/28 | €1.6m | €1.7m | €1.3m | €1.3m | €1.1m | ▼ 19.6% |
| Intangible fixed assets21 | €3,170 | €2,456 | €1,742 | €1,028 | €314 | ▼ 69.4% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.1m | €1.1m | €1.1m | ▼ 4.7% |
| Land and buildings22 | €1.5m | €1.4m | €1.1m | €1.1m | €1.0m | ▼ 3.8% |
| Plant, machinery and equipment23 | €4,161 | €3,684 | €3,207 | €2,730 | €2,253 | ▼ 17.5% |
| Furniture and vehicles24 | €59,557 | €36,003 | €39,741 | €29,175 | €19,670 | ▼ 32.6% |
| Other tangible fixed assets26 | €15,568 | €16,417 | €11,109 | €9,062 | €7,075 | ▼ 21.9% |
| Financial fixed assets28 | - | €204,000 | €204,000 | €204,000 | - | - |
| Current assets29/58 | €337,104 | €102,130 | €76,479 | €46,992 | €75,535 | ▲ 60.7% |
| Amounts receivable after more than one year29 | €125,000 | - | - | - | - | - |
| Other amounts receivable291 | €125,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €64,738 | €15,068 | €13,240 | €28,483 | €57,698 | ▲ 103% |
| Other amounts receivable41 | €64,738 | €15,068 | €13,240 | €28,483 | €57,698 | ▲ 103% |
| Cash at bank and in hand54/58 | €133,332 | €78,738 | €59,928 | €17,790 | €15,679 | ▼ 11.9% |
| Deferred charges and accrued income490/1 | €14,034 | €8,324 | €3,312 | €718 | €2,158 | ▲ 200% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.4m | €1.4m | €1.1m | ▼ 16.8% |
| Equity10/15 | €193,992 | €201,169 | €212,004 | €46,570 | -€44,515 | ▼ 196% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €166,369 | €173,546 | €184,382 | €184,382 | €184,382 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €164,509 | €171,686 | €182,522 | €182,522 | €182,522 | = |
| Profit (loss) carried forward14 | €21,423 | €21,423 | €21,423 | -€144,011 | -€235,096 | ▼ 63.2% |
| Amounts payable17/49 | €1.7m | €1.6m | €1.2m | €1.3m | €1.2m | ▼ 10.5% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €876,775 | €835,612 | €770,589 | ▼ 7.8% |
| Financial debts170/4 | €1.3m | €1.2m | €875,375 | €831,842 | €763,519 | ▼ 8.2% |
| Other amounts payable178/9 | €4,960 | €4,960 | €1,400 | €3,770 | €7,070 | ▲ 87.5% |
| Amounts payable within one year42/48 | €446,860 | €404,837 | €322,324 | €475,842 | €403,308 | ▼ 15.2% |
| Current portion of amounts payable after more than one year42 | €90,692 | €86,357 | €73,770 | €71,103 | €68,324 | ▼ 3.9% |
| Financial debts43 | €50,000 | €50,000 | €46,000 | €46,000 | €46,000 | = |
| Credit institutions430/8 | €50,000 | €50,000 | €46,000 | €46,000 | €46,000 | = |
| Trade debts44 | €44,894 | €30,247 | €26,440 | €10,203 | €12,633 | ▲ 23.8% |
| Suppliers440/4 | €44,894 | €30,247 | €26,440 | €10,203 | €12,633 | ▲ 23.8% |
| Taxes, remuneration and social security45 | €7,386 | €16,184 | €4,454 | €6,724 | €222 | ▼ 96.7% |
| Taxes450/3 | €2,731 | €1,970 | - | €199 | €222 | ▲ 11.6% |
| Remuneration and social security454/9 | €4,655 | €14,215 | €4,454 | €6,525 | - | - |
| Other amounts payable47/48 | €253,889 | €222,050 | €171,660 | €341,812 | €276,130 | ▼ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,349 | €7,177 | €10,836 | -€165,434 | -€91,085 | ▲ 44.9% |
| + Depreciation and write-downs630 | €129,064 | €120,264 | €84,129 | €93,814 | €75,547 | ▼ 19.5% |
| Operating cash flow (approximation) | €131,413 | €127,441 | €94,965 | -€71,621 | -€15,537 | ▲ 78.3% |
| Investment in fixed assets (approximation) | - | -€230,909 | €292,367 | -€70,221 | €181,638 | ▲ 359% |
| Change in cash | - | -€54,593 | -€18,810 | -€42,138 | -€2,112 | ▲ 95.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet -€165,434
Net result drops to -€165,434, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Equity above €200,000Eq €201,169 ▲3.7%
5 profitable years in a row build equity to €201,169.
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 97 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 217 days late
2019
31-12
Financial
Equity above €150,000Eq €185,704 ▲34.9%
2 profitable years in a row build equity to €185,704.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Saint-Ghislain · 2 establishment units since 2009
Ground area
788 m²
Building footprint
223 m²
Volume, LiDAR
1,633 m³
2 parcels, Brussels, Wallonia · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
G. Van Haelenlaan 148/150, 1190 Vorst
since 20092.176.206.678
Rue de la Rivièrette(T) 10, 7333 Saint-Ghislain
since 20092.176.207.371
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53075C0938/00D000indicative | Wallonia | 626 m² | 1 · 127 m² | 4.7 m · 1 fl. |
| 21007A0046/00Y005 | Brussels | 162 m² | 1 · 95 m² | 15.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of CREFINET and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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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 1,682 companies in this sector we hold annual accounts for 1,230. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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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
Scores and ratios are computed by Checked and are not a credit decision.