CRELISO
ActiveSummary
CRELISO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €331,283 and a net result of €21,152. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency76▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.17 in 2024; short-term debt: 40.3% and cash: 2.3% of total assets), and 48.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.2%
Return on assets
3.3%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
11 d early
2023
28 d early
2022
12 d early
2021
1 d early
2020
17 d early
2019
3 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 19 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€331,283▲ 6.8%
2024 · €310,130
Total assets
€646,628▲ 13.4%
2024 · €570,412
Net result
€21,152▲ 14.4%
2024 · €18,497
Working capital
€318,503▲ 4.8%
2024 · €304,007
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€8,917▼ 70.7%€27,886▲ 213%€27,118▼ 2.8%€26,345▼ 2.9%€30,267▲ 14.9%
Net result€4,219within the sector's middle half▼ 73.4%€18,911within the sector's middle half▲ 348%€12,919within the sector's middle half▼ 31.7%€18,497within the sector's middle half▲ 43.2%€21,152within the sector's middle half▲ 14.4%
Equity€259,803above the sector's middle half▲ 1.7%€278,714above the sector's middle half▲ 7.3%€291,633above the sector's middle half▲ 4.6%€310,130above the sector's middle half▲ 6.3%€331,283above the sector's middle half▲ 6.8%
Total assets€627,956above the sector's middle half▲ 17.9%€522,633above the sector's middle half▼ 16.8%€515,690above the sector's middle half▼ 1.3%€570,412above the sector's middle half▲ 10.6%€646,628above the sector's middle half▲ 13.4%
Debt€368,153▲ 33.0%€243,919▼ 33.7%€224,058▼ 8.1%€260,281▲ 16.2%€315,346▲ 21.2%
Working capital€248,357above the sector's middle half▲ 5.6%€270,973above the sector's middle half▲ 9.1%€283,486above the sector's middle half▲ 4.6%€304,007above the sector's middle half▲ 7.2%€318,503above the sector's middle half▲ 4.8%
Solvency41.4%within the sector's middle half▼ 6.6pp53.3%within the sector's middle half▲ 12.0pp56.6%within the sector's middle half▲ 3.2pp54.4%within the sector's middle half▼ 2.2pp51.2%within the sector's middle half▼ 3.1pp
Current ratio1.72within the sector's middle half▼ 0.242.19within the sector's middle half▲ 0.472.31within the sector's middle half▲ 0.122.17within the sector's middle half▼ 0.142.22within the sector's middle half▲ 0.05
Return on assets (ROA)0.7%below the sector's middle half▼ 2.3pp3.6%within the sector's middle half▲ 2.9pp2.5%within the sector's middle half▼ 1.1pp3.2%within the sector's middle half▲ 0.7pp3.3%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €646,628
Fixed assets
€67,410 ▲ 1,001%
Current assets
€579,218 ▲ 2.6%
Equity and liabilities €646,628
Equity
€331,283 ▲ 6.8%
Debt
€315,346 ▲ 21.2%
Debt's share of the balance-sheet total rises from 45.6% to 48.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,880▲
2024 · €35,203
Cash flow
€29,765▲
2024 · €27,356
Quick ratio
1.72▲
2024 · 1.59
Debt to equity
0.95▲
2024 · 0.84
ROE
6.4%▲
2024 · 6.0%
Interest coverage
31.48▼
2024 · 59.01
Debt ≤ 1 year
€260,715▲
2024 · €260,281
Debt > 1 year
€54,631
Income taxes
€8,945▲
2024 · €8,395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 6,048 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,394 | €10,050 | €8,858 | €8,858 | €8,613 | ▼ 2.8% |
| Other operating charges640/8 | €2,256 | €839 | €2,851 | €1,020 | €800 | ▼ 21.6% |
| Gross operating margin9900 | €21,567 | €38,775 | €38,827 | €36,224 | €39,680 | ▲ 9.5% |
| Operating profit (loss)9901 | €8,917 | €27,886 | €27,118 | €26,345 | €30,267 | ▲ 14.9% |
| Financial income75/76B | €920 | €58 | €593 | €1,144 | €1,065 | ▼ 6.9% |
| Recurring financial income75 | €920 | €58 | €593 | €1,144 | €1,065 | ▼ 6.9% |
| Financial charges65/66B | €2,388 | €559 | €950 | €597 | €1,235 | ▲ 107% |
| Recurring financial charges65 | €2,388 | €559 | €950 | €597 | €1,235 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €7,449 | €27,385 | €26,761 | €26,892 | €30,097 | ▲ 11.9% |
| Income taxes67/77 | €3,229 | €8,474 | €13,842 | €8,395 | €8,945 | ▲ 6.6% |
| Profit (loss) for the period9904 | €4,219 | €18,911 | €12,919 | €18,497 | €21,152 | ▲ 14.4% |
| Profit (loss) for the period to be appropriated9905 | €4,219 | €18,911 | €12,919 | €18,497 | €21,152 | ▲ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €627,956 | €522,633 | €515,690 | €570,412 | €646,628 | ▲ 13.4% |
| Fixed assets21/28 | €33,890 | €23,840 | €14,982 | €6,123 | €67,410 | ▲ 1,001% |
| Tangible fixed assets22/27 | €33,890 | €23,840 | €14,982 | €6,123 | €67,410 | ▲ 1,001% |
| Land and buildings22 | €549 | - | - | - | - | - |
| Furniture and vehicles24 | €33,342 | €23,840 | €14,982 | €6,123 | €67,410 | ▲ 1,001% |
| Current assets29/58 | €594,066 | €498,793 | €500,709 | €564,288 | €579,218 | ▲ 2.6% |
| Stocks and contracts in progress3 | €175,167 | €119,995 | €172,450 | €150,087 | €130,743 | ▼ 12.9% |
| Stocks30/36 | €66,921 | €62,398 | €70,067 | €72,090 | €70,156 | ▼ 2.7% |
| Contracts in progress37 | €108,246 | €57,597 | €102,382 | €77,997 | €60,587 | ▼ 22.3% |
| Amounts receivable within one year40/41 | €400,402 | €367,908 | €269,693 | €397,368 | €428,650 | ▲ 7.9% |
| Trade receivables40 | €368,644 | €359,611 | €262,997 | €381,689 | €398,441 | ▲ 4.4% |
| Other amounts receivable41 | €31,758 | €8,297 | €6,696 | €15,679 | €30,209 | ▲ 92.7% |
| Cash at bank and in hand54/58 | €17,537 | €9,867 | €36,178 | €12,325 | €14,889 | ▲ 20.8% |
| Deferred charges and accrued income490/1 | €959 | €1,023 | €22,388 | €4,508 | €4,936 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €627,956 | €522,633 | €515,690 | €570,412 | €646,628 | ▲ 13.4% |
| Equity10/15 | €259,803 | €278,714 | €291,633 | €310,130 | €331,283 | ▲ 6.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €241,203 | €260,114 | €273,033 | €291,530 | €312,683 | ▲ 7.3% |
| 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 | €239,343 | €258,254 | €271,173 | €289,670 | €310,823 | ▲ 7.3% |
| Amounts payable17/49 | €368,153 | €243,919 | €224,058 | €260,281 | €315,346 | ▲ 21.2% |
| Amounts payable after more than one year17 | €22,444 | €14,398 | €6,220 | - | €54,631 | - |
| Financial debts170/4 | €22,444 | €14,398 | €6,220 | - | €54,631 | - |
| Amounts payable within one year42/48 | €345,709 | €227,820 | €217,222 | €260,281 | €260,715 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €10,496 | €10,559 | €10,710 | €8,772 | €15,673 | ▲ 78.7% |
| Trade debts44 | €175,816 | €61,163 | €61,483 | €97,276 | €97,172 | ▼ 0.1% |
| Suppliers440/4 | €175,816 | €61,163 | €61,483 | €97,276 | €97,172 | ▼ 0.1% |
| Taxes, remuneration and social security45 | - | €2,367 | - | - | €2,386 | - |
| Taxes450/3 | - | €2,367 | - | - | €2,386 | - |
| Other amounts payable47/48 | €159,397 | €153,731 | €145,029 | €154,233 | €145,484 | ▼ 5.7% |
| Accrued charges and deferred income492/3 | - | €1,701 | €615 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,219 | €18,911 | €12,919 | €18,497 | €21,152 | ▲ 14.4% |
| + Depreciation and write-downs630 | €10,394 | €10,050 | €8,858 | €8,858 | €8,613 | ▼ 2.8% |
| Operating cash flow (approximation) | €14,613 | €28,962 | €21,777 | €27,356 | €29,765 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€69,900 | - |
| Change in cash | - | -€7,670 | €26,312 | -€23,853 | €2,564 | ▲ 111% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €21,152 ▲14.4%
Net result €21,152, the highest in the series.
19-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €4,219 ▼73.4%
Net result drops to €4,219, the lowest in the series; recovery starts the following year.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Westerlo · 1 establishment unit since 2009
Ground area
1,615 m²
Building footprint
215 m²
Volume, LiDAR
1,415 m³
Parcel 13049D1127/00N000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Achterheide 15, 2260 Westerlo
since 20092.181.744.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049D1127/00N000 | Flanders | 1,615 m² | 1 · 215 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryCRELISO BV40184
Similar companies · same sector, comparable size
VERHELST ENGINEERING
BE 0846.329.156
Wielsbeke · Eq €331,231
NEW TECHNELEC
BE 0437.317.669
Charleroi · Eq €331,221
Teken- en Coördinatiebureau Bouwkunde
BE 0449.094.756
Wevelgem · Eq €331,448
LAEREMANS
BE 0534.547.697
Zottegem · Eq €331,453
Pantarein Patrimonium
BE 0631.974.893
Haacht · Eq €331,488
Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,801 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-2009
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819376321
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.