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 financial years (±1.7% per year). Its solvency ranks better than 7% of 3,005 sector peers (NACE 66, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486247.
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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €92,118 in 2025 against €138,886 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.09m
2025
Net result-€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.1m
2025
Equity-€0.04m
2025
Debt€1.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-8.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-3.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.19
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▼ 16.1%€0.03m▼ 70.1%€0.04m▲ 34.1%€0.05m▲ 15.9%€0.05m▲ 12.4%-€0.1m-€0.09m▲ 33.7%
Net result€0.07m-€0.05m▼ 33.4%€0.006mbelow the sector's middle half▼ 87.6%€0.002mbelow the sector's middle half▼ 60.5%€0.007mbelow the sector's middle half▲ 206%€0.01mbelow the sector's middle half▲ 51.0%-€0.2mbelow the sector's middle half-€0.09mbelow the sector's middle half▲ 44.9%
Equity€0.1m-€0.2m▲ 34.9%€0.2mwithin the sector's middle half▲ 3.2%€0.2mwithin the sector's middle half▲ 1.2%€0.2mwithin the sector's middle half▲ 3.7%€0.2mwithin the sector's middle half▲ 5.4%€0.05mbelow the sector's middle half▼ 78.0%-€0.04mbelow the sector's middle half
Total assets€1.6m-€1.8m▲ 14.1%€2.0mwithin the sector's middle half▲ 6.6%€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€1.5m-€1.6m▲ 12.2%€1.8m▲ 6.9%€1.7m▼ 1.0%€1.6m▼ 7.5%€1.2m▼ 25.6%€1.3m▲ 9.4%€1.2m▼ 10.5%
Working capital-€0.2m--€0.1m▲ 27.2%-€0.2mbelow the sector's middle half▼ 37.1%-€0.1mbelow the sector's middle half▲ 34.2%-€0.3mbelow the sector's middle half▼ 176%-€0.2mbelow the sector's middle half▲ 18.8%-€0.4mbelow the sector's middle half▼ 74.4%-€0.3mbelow the sector's middle half▲ 23.6%
Solvency8.6%-10.1%▲ 1.6pp9.8%below the sector's middle half▼ 0.3pp10.0%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 ratio0.52-0.67▲ 0.150.68below the sector's middle half▲ 0.010.75below 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)4.5%-2.6%▼ 1.9pp0.3%below the sector's middle half▼ 2.3pp0.1%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)1.6-1.6=1.7below the sector's middle half▲ 6.3%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 of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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 | 2018 | 2019 | 2020 | 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 | €211,026 | €109,602 | €109,710 | €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 | €387,930 | €301,026 | €238,446 | €246,705 | €287,079 | €222,263 | €7,565 | €28,295 | ▲ 274% |
| Operating profit (loss)9901 | €118,641 | €99,569 | €29,812 | €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 | €751 | €2,264 | €13,683 | €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 | €10,719 | €32,400 | €31,534 | €34,395 | €33,233 | €31,230 | €26,408 | €25,434 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €108,674 | €69,433 | €11,961 | €8,929 | €15,711 | €20,984 | -€165,210 | -€90,860 | ▲ 45.0% |
| Income taxes67/77 | €36,584 | €21,406 | €6,022 | €6,580 | €8,535 | €10,148 | €225 | €225 | ▲ 0.1% |
| Profit (loss) for the period9904 | €72,090 | €48,027 | €5,939 | €2,349 | €7,177 | €10,836 | -€165,434 | -€91,085 | ▲ 44.9% |
| Profit (loss) for the period to be appropriated9905 | €72,090 | €48,027 | €5,939 | €2,349 | €7,177 | €10,836 | -€165,434 | -€91,085 | ▲ 44.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.8m | €2.0m | €1.9m | €1.8m | €1.4m | €1.4m | €1.1m | ▼ 16.8% |
| Fixed assets21/28 | €1.4m | €1.6m | €1.6m | €1.6m | €1.7m | €1.3m | €1.3m | €1.1m | ▼ 19.6% |
| Intangible fixed assets21 | - | - | - | €0.003m | €0.002m | €0.002m | €0.001m | €314 | ▼ 69.4% |
| Tangible fixed assets22/27 | €1.4m | €1.6m | €1.6m | €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 | - | - | - | €0.004m | €0.004m | €0.003m | €0.003m | €0.002m | ▼ 17.5% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 32.6% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | €0.01m | €0.009m | €0.007m | ▼ 21.9% |
| Financial fixed assets28 | - | - | - | - | €0.2m | €0.2m | €0.2m | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.4m | €0.3m | €0.1m | €0.08m | €0.05m | €0.08m | ▲ 60.7% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.02m | €0.05m | €0.03m | €0.06m | €0.02m | €0.01m | €0.03m | €0.06m | ▲ 103% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.02m | €0.01m | €0.03m | €0.06m | ▲ 103% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.1m | €0.08m | €0.06m | €0.02m | €0.02m | ▼ 11.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.008m | €0.003m | €0.001m | €0.002m | ▲ 200% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €2.0m | €1.9m | €1.8m | €1.4m | €1.4m | €1.1m | ▼ 16.8% |
| Equity10/15 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.05m | -€0.04m | - |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | -€0.1m | -€0.2m | ▼ 63.2% |
| Amounts payable17/49 | €1.5m | €1.6m | €1.8m | €1.7m | €1.6m | €1.2m | €1.3m | €1.2m | ▼ 10.5% |
| Amounts payable after more than one year17 | €1.1m | €1.3m | €1.2m | €1.3m | €1.2m | €0.9m | €0.8m | €0.8m | ▼ 7.8% |
| Financial debts170/4 | - | - | - | €1.3m | €1.2m | €0.9m | €0.8m | €0.8m | ▼ 8.2% |
| Other amounts payable178/9 | - | - | - | €0.005m | €0.005m | €0.001m | €0.004m | €0.007m | ▲ 87.5% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | €0.3m | €0.5m | €0.4m | ▼ 15.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.07m | €0.07m | €0.07m | ▼ 3.9% |
| Financial debts43 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Credit institutions430/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Trade debts44 | €0.1m | €0.01m | €0.02m | €0.04m | €0.03m | €0.03m | €0.01m | €0.01m | ▲ 23.8% |
| Suppliers440/4 | - | - | - | €0.04m | €0.03m | €0.03m | €0.01m | €0.01m | ▲ 23.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.02m | €0.004m | €0.007m | €222 | ▼ 96.7% |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | - | €199 | €222 | ▲ 11.6% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.01m | €0.004m | €0.007m | - | - |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 19.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,090 | €48,027 | €5,939 | €2,349 | €7,177 | €10,836 | -€165,434 | -€91,085 | ▲ 44.9% |
| + Depreciation and write-downs630 | €211,026 | €109,602 | €109,710 | €129,064 | €120,264 | €84,129 | €93,814 | €75,547 | ▼ 19.5% |
| Operating cash flow (approximation) | €283,116 | €157,629 | €115,649 | €131,413 | €127,441 | €94,965 | -€71,621 | -€15,537 | ▲ 78.3% |
| Investment in fixed assets (approximation) | - | -€269,514 | -€127,978 | -€129,018 | -€230,909 | €292,367 | -€70,221 | €181,638 | - |
| Change in cash | - | €40,418 | €21,227 | -€47,884 | -€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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00486247 |
| 31-12-2024 | full format | 26-09-2025 | 2025-00518951 |
| 31-12-2023 | full format | 30-09-2024 | 2024-00489386 |
| 31-12-2022 | full format | 29-09-2023 | 2023-00468831 |
| 31-12-2021 | full format | 05-11-2022 | 2022-20517070 |
| 31-12-2020 | full format | 26-10-2021 | 2021-75500521 |
| 31-12-2019 | micro format | 05-03-2021 | 2021-07000471 |
| 31-12-2018 | full format | 29-08-2019 | 2019-54700325 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51400164 |
| 31-12-2016 | micro format | 17-10-2017 | 2017-67300093 |
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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 the 1,652 active companies whose main activity is agents and brokers in banking services (NACE 66191), figures are known for 1,204. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.