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Crelan Arch

Active
Public limited companyfounded 20224 yrs activeSylvain Dupuislaan 251, 1070 Anderlecht, BelgiumKBO/BCE: BE 0785.487.588
Summary

Crelan Arch has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of -€618,843. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▲+31
Solvency28▼-3
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.05 in 2024; short-term debt: 10.5% and cash: 1.6% of total assets), and 97.1% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
2.9%
Return on assets
-0.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
22232425
2022 to 2025 · latest year -€618,843
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9294 sector peers (2025).
NBB · sector comparison
Position among 9294 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
63 d early
2024
31 d early
2023
44 d early
2022
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 April 2022, Crelan Arch was incorporated as a Public limited company.1 Total assets went from EUR 23 million in 2022 to EUR 73 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€2.1m▼ 22.8%
2024 · €2.7m
Total assets
€73.1m▲ 54.0%
2024 · €47.5m
Net result
-€618,843▼ 3,681%
2024 · -€16,367
Working capital
-€6.2m▲ 24.9%
2024 · -€8.2m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€31,430-€349,401-€16,367-€602,920▼ 3,584%
Net result-€31,430below the sector's middle half-€264,542above the sector's middle half-€16,367within the sector's middle half-€618,843below the sector's middle half▼ 3,681%
Equity€2.5mabove the sector's middle half-€2.7mabove the sector's middle half▲ 10.7%€2.7mabove the sector's middle half▼ 0.6%€2.1mabove the sector's middle half▼ 22.8%
Total assets€22.5mabove the sector's middle half-€27.6mabove the sector's middle half▲ 22.7%€47.5mabove the sector's middle half▲ 72.3%€73.1mabove the sector's middle half▲ 54.0%
Debt€20.0m-€24.8m▲ 24.1%€44.7m▲ 80.3%€71.0m▲ 58.6%
Working capital-€1.2m--€2.5m▼ 107%-€8.2m▼ 225%-€6.2m▲ 24.9%
Solvency11.0%within the sector's middle half-9.9%within the sector's middle half▼ 1.1pp5.7%below the sector's middle half▼ 4.2pp2.9%below the sector's middle half▼ 2.9pp
Staff (FTE)0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€750,000-€500,000-€250,000€0€250,000Operating result 2022: -€31,430-€31,430Net result 2022: -€31,430-€31,430Operating result 2023: €349,401€349,401Net result 2023: €264,542€264,542Operating result 2024: -€16,367-€16,367Net result 2024: -€16,367-€16,367Operating result 2025: -€602,920-€602,920Net result 2025: -€618,843-€618,8432022202320242025-€750,000-€500,000-€250,000€0€250,000Operating result 2023: €349,401€349,000Net result 2023: €264,542€265,000Operating result 2024: -€16,367-€16,400Net result 2024: -€16,367-€16,400Operating result 2025: -€602,920-€603,000Net result 2025: -€618,843-€619,000202320242025
The operating result stays negative: a loss of €602,920 in 2025 against €16,367 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73.1m
Fixed assets €71.6m ▲ 52.1%
Current assets €1.5m ▲ 268%
Equity and liabilities €73.1m
Equity €2.1m ▼ 22.8%
Debt €71.0m ▲ 58.6%
Debt's share of the balance-sheet total rises from 94.3% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11,850▲
2024 · €3,922
Cash flow
-€4,073▼
2024 · €3,922
Current ratio
0.20▲
2024 · 0.05
Debt to equity
33.84▲
2024 · 16.47
ROE
-29.5%▼
2024 · -0.6%
ROA
-0.8%▼
2024 · 0.0%
Interest coverage
66.88
Debt ≤ 1 year
€7.7m▼
2024 · €8.6m
Debt > 1 year
€62.4m▲
2024 · €36.1m
Income taxes
€15,746
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 104 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Large
  • solvency under 10%
  • a small loss
  • without age
1.0% went bankrupt
1.0% stopped otherwise
97% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 104 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€47.5m€73.1m▲
Fixed assets21/28€47.1m€71.6m▲
Tangible fixed assets22/27€47.1m€71.6m▲
Land and buildings22€19.4m€20.3m▲
Assets under construction and advance payments27€27.7m€51.3m▲
Current assets29/58€407,073€1.5m▲
Amounts receivable within one year40/41€240,139€290,512▲
Other amounts receivable41€240,139€290,512▲
Cash at bank and in hand54/58€159,715€1.2m▲
Deferred charges and accrued income490/1€7,219€7,267▲
Equity and liabilities
Total equity and liabilities10/49€47.5m€73.1m▲
Equity10/15€2.7m€2.1m▼
Contributions10/11€2.5m€2.5m=
Capital10€2.5m€2.5m=
Issued capital100€2.5m€2.5m=
Reserves13€11,656€11,656=
Non-distributable reserves130/1€11,656€11,656=
Legal reserve130€11,656€11,656=
Profit (loss) carried forward14€205,090-€413,753▼
Amounts payable17/49€44.7m€71.0m▲
Amounts payable after more than one year17€36.1m€62.4m▲
Financial debts170/4€36.1m€62.4m▲
Amounts payable within one year42/48€8.6m€7.7m▼
Trade debts44€8.6m€565,692▼
Suppliers440/4€8.6m€565,692▼
Taxes, remuneration and social security45€84,858€7.1m▲
Taxes450/3€84,858€7.1m▲
Accrued charges and deferred income492/3€28,049€885,877▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,289€614,770▲
Other operating charges640/8€816,195€1.1m▲
Gross operating margin9900€820,117€1.1m▲
Operating profit (loss)9901-€16,367-€602,920▼
Financial charges65/66B-€177
Recurring financial charges65-€177
Profit (loss) for the period before taxes9903-€16,367-€603,097▼
Income taxes67/77-€15,746
Profit (loss) for the period9904-€16,367-€618,843▼
Profit (loss) for the period to be appropriated9905-€16,367-€618,843▼
Appropriation of the result
Profit (loss) to be appropriated9906€205,090-€413,753▼
Profit (loss) brought forward from the previous period14P€221,457€205,090▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,397€20,290€20,289€614,770▲ 2,930%
Other operating charges640/8€199€493€816,195€1.1m▲ 34.3%
Gross operating margin9900-€17,834€370,184€820,117€1.1m▲ 35.1%
Operating profit (loss)9901-€31,430€349,401-€16,367-€602,920▼ 3,584%
Financial charges65/66B---€177-
Recurring financial charges65---€177-
Profit (loss) for the period before taxes9903-€31,430€349,401-€16,367-€603,097▼ 3,585%
Income taxes67/77-€84,859-€15,746-
Profit (loss) for the period9904-€31,430€264,542-€16,367-€618,843▼ 3,681%
Profit (loss) for the period to be appropriated9905-€31,430€264,542-€16,367-€618,843▼ 3,681%
Line2022202320242025Change
Assets
Total assets20/58€22.5m€27.6m€47.5m€73.1m▲ 54.0%
Fixed assets21/28€21.9m€27.5m€47.1m€71.6m▲ 52.1%
Tangible fixed assets22/27€21.9m€27.5m€47.1m€71.6m▲ 52.1%
Land and buildings22€19.4m€19.4m€19.4m€20.3m▲ 4.8%
Assets under construction and advance payments27€2.5m€8.1m€27.7m€51.3m▲ 85.2%
Current assets29/58€615,760€47,227€407,073€1.5m▲ 268%
Amounts receivable within one year40/41€162,408€28,488€240,139€290,512▲ 21.0%
Trade receivables40-€800---
Other amounts receivable41€162,408€27,688€240,139€290,512▲ 21.0%
Cash at bank and in hand54/58€447,423€11,606€159,715€1.2m▲ 652%
Deferred charges and accrued income490/1€5,929€7,133€7,219€7,267▲ 0.7%
Equity and liabilities
Total equity and liabilities10/49€22.5m€27.6m€47.5m€73.1m▲ 54.0%
Equity10/15€2.5m€2.7m€2.7m€2.1m▼ 22.8%
Contributions10/11€2.5m€2.5m€2.5m€2.5m=
Capital10€2.5m€2.5m€2.5m€2.5m=
Issued capital100€2.5m€2.5m€2.5m€2.5m=
Reserves13-€11,656€11,656€11,656=
Non-distributable reserves130/1-€11,656€11,656€11,656=
Legal reserve130-€11,656€11,656€11,656=
Profit (loss) carried forward14-€31,430€221,457€205,090-€413,753▼ 302%
Amounts payable17/49€20.0m€24.8m€44.7m€71.0m▲ 58.6%
Amounts payable after more than one year17€17.8m€22.2m€36.1m€62.4m▲ 73.0%
Financial debts170/4€17.8m€22.2m€36.1m€62.4m▲ 73.0%
Amounts payable within one year42/48€1.8m€2.6m€8.6m€7.7m▼ 11.1%
Trade debts44€1.5m€2.5m€8.6m€565,692▼ 93.4%
Suppliers440/4€1.5m€2.5m€8.6m€565,692▼ 93.4%
Advances received on contracts in progress46€375,000----
Taxes, remuneration and social security45-€84,858€84,858€7.1m▲ 8,291%
Taxes450/3-€84,858€84,858€7.1m▲ 8,291%
Accrued charges and deferred income492/3€317,949€46,784€28,049€885,877▲ 3,058%
Line2022202320242025Change
Profit (loss) for the period9904-€31,430€264,542-€16,367-€618,843▼ 3,681%
+ Depreciation and write-downs630€13,397€20,290€20,289€614,770▲ 2,930%
Operating cash flow (approximation)-€18,033€284,832€3,922-€4,073▼ 204%
Investment in fixed assets (approximation)--€5.7m-€19.6m-€25.1m▼ 28.5%
Change in cash--€435,817€148,109€1.0m▲ 603%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€618,843
Net result drops to -€618,843, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €264,542
Net result €264,542 after one loss-making year.
26-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Anderlecht · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
6,000 m²
Volume, LiDAR
145,866 m³
2 parcels, Brussels, Flanders · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
NOR5
Grotesteenweg 214, 2600 AntwerpenReal estate activities
since 20222.330.923.163
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0265/00X000 Brussels 8,679 m² 1 · 1,736 m² 28.3 m · 7 fl.
11003A0159/00H002 Flanders 8,568 m² 1 · 4,264 m² 33.9 m · 9 fl.
Linked by address, not proof of ownership
Good to know
2 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 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,585 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail info@coresdevelopment.be
Phone 038208282
Website www.crelan.beAntwerpen
E-mail david.stemberger@crelan.beAntwerpen
Phone 0479853358Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID 0208:0785487588
Also 9925:BE0785487588
Registered 04-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.