CREFOREX
ActiveCREFOREX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €-9k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-17
Solvency32▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 2.05 in 2024; short-term debt: 7.9% and cash: 2.2% of total assets), but 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
-2.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2004 sector peers (2025).
NBB · sector comparisonPosition among 2004 sector peers
Solvency
better than 13%
← 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 25-08-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
61 d late
2020
31 d late
2019
100 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€22k▼ 29.0%
2024 · €30k
2019: €10k
2020: €16k
2021: €20k
2022: €22k
2023: €26k
2024: €30k
2019 → 2025
Total assets
€309k▼ 13.7%
2024 · €358k
2019: €36k
2020: €55k
2021: €72k
2022: €379k
2023: €355k
2024: €358k
2019 → 2025
Net result
€-9k
2024 · €4k
2019: €2k
2020: €6k
2021: €524
2022: €2k
2023: €4k
2024: €4k
2019 → 2025
Working capital
€15k▼ 65.3%
2024 · €44k
2019: €18k
2020: €16k
2021: €31k
2022: €123k
2023: €34k
2024: €44k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€22k▲ 9.9%€26k▲ 18.1%€30k▲ 17.1%€22k▼ 29.0%
Operating result€1k-€5k▲ 354%€16k▲ 221%€18k▲ 8.0%€-2k
Net result€524-€2k▲ 277%€4k▲ 101%€4k▲ 11.6%€-9k
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 2025: a loss of €2k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€269k▼ 1.2%
Current assets
€40k▼ 53.5%
Equity and liabilities €309k
Equity
€22k▼ 29.0%
Debt
€288k▼ 12.3%
The debt ratio rises from 91.5% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €32k
Cash flow
€6k▼
2024 · €18k
Solvency
7.0%▼
2024 · 8.5%
Current ratio
1.62▼
2024 · 2.05
Quick ratio
1.01▼
2024 · 1.62
Debt / equity
13.29▲
2024 · 10.75
ROE
-40.9%▼
2024 · 14.6%
ROA
-2.9%▼
2024 · 1.2%
Interest coverage
1.12▼
2024 · 2.46
Debt
€288k▼
2024 · €328k
Debt ≤ 1 year
€25k▼
2024 · €42k
Debt > 1 year
€263k▼
2024 · €284k
Staff costs
€9k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€358k€309k▼
Fixed assets21/28€273k€269k▼
Tangible fixed assets22/27€272k€269k▼
Land and buildings22€268k€256k▼
Plant, machinery and equipment23€194€8k▲
Furniture and vehicles24€4k€4k▲
Financial fixed assets28€817€817=
Current assets29/58€85k€40k▼
Stocks and contracts in progress3€18k€15k▼
Stocks30/36€18k€15k▼
Amounts receivable within one year40/41€34k€6k▼
Trade receivables40€34k€6k▼
Cash at bank and in hand54/58€18k€7k▼
Deferred charges and accrued income490/1€16k€11k▼
Equity and liabilities
Total equity and liabilities10/49€358k€309k▼
Equity10/15€30k€22k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k€19k=
Profit (loss) carried forward14€12k€3k▼
Amounts payable17/49€328k€288k▼
Amounts payable after more than one year17€284k€263k▼
Financial debts170/4€234k€223k▼
Other amounts payable178/9€50k€40k▼
Amounts payable within one year42/48€42k€25k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€21k€5k▼
Suppliers440/4€21k€5k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€3k€3k=
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€-14k▼
Other operating charges640/8€977€2k▲
Gross operating margin9900€37k€10k▼
Operating profit (loss)9901€18k€-2k▼
Financial income75/76B€602€5k▲
Recurring financial income75€602€5k▲
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€6k€-9k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€4k€-9k▼
Profit (loss) for the period to be appropriated9905€4k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€3k▼
Profit (loss) brought forward from the previous period14P€7k€12k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-9k ▼299%
Net result drops to €-9k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.10
Current ratio from 2.14 to 5.10.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €6k ▲136%
Net result €6k, the highest in the series.
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 100 days 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, Braine-l'Alleud · 1 establishment unit since 2018
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.
Ch de Vieux Genappe 151420 Braine-l'AlleudGround area
92 m²
Building footprint
33 m²
Volume, LiDAR
283 m³
Parcel 25015E0366/00Z000, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CREFOREX
since 20182.273.921.708
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015E0366/00Z000 | Wallonia | 92 m² | 1 · 33 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MA+ ARCHITECTES
BE 0683.717.366
Mons · Eq €22k
Zx-architecten
BE 0647.770.057
Dilbeek · Eq €21k
CLD Studio
BE 1015.522.989
Waterloo · Eq €22k
Greenscaping
BE 0836.019.739
Lokeren · Eq €22k
AF EPC CONSULT
BE 0802.649.957
Merchtem · Eq €21k
Of 2,264 companies in sector 71113 we hold annual accounts for 658. 509 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2018
Fiscal year end31-12
Activities, NACEBEL
71113Urban planning and landscape architecture
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.
Contact details
2 entriesWebsite:www.creforex.com
E-mail:contact@creforex.com