CREMED
ActiveSummary
The computed 12-month bankruptcy probability of CREMED is 1.7% (moderate). The 2025 annual accounts show equity of €12,854 and a net result of €5,353. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+19
Solvency28▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.37 against 1.19 in 2024; short-term debt: 45.3% and cash: 0.4% of total assets), and 97.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
2.6%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-09-2026, 43 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
43 d late
2024
153 d late
2023
82 d late
2022
123 d late
2021
105 d late
2020
30 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 76 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 13 November (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€199,149▼ 23.2%
2023 · €259,240
EBIT margin
-0.1%▼ 6.7pp
2023 · 6.5%
Net result
€5,353
2024 · -€10,287
Working capital
€81,210▲ 123%
2024 · €36,409
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€299,941€257,779▼ 14.1%€259,240▲ 0.6%€199,149▼ 23.2%
Operating result€6,503▼ 87.5%€12,362▲ 90.1%€16,921▲ 36.9%-€275€38,645
Net result-€8,001€303€1,329▲ 339%-€10,287€5,353
EBIT margin2.2%4.8%▲ 2.6pp6.5%▲ 1.7pp-0.1%▼ 6.7pp
Equity€19,271▼ 29.3%€16,459▼ 14.6%€17,788▲ 8.1%€7,501▼ 57.8%€12,854▲ 71.4%
Total assets€442,270▲ 19.3%€444,975▲ 0.6%€423,170▼ 4.9%€432,072▲ 2.1%€486,483▲ 12.6%
Debt€404,358▲ 24.4%€409,875▲ 1.4%€386,741▼ 5.6%€405,930▲ 5.0%€409,987▲ 1.0%
Working capital€59,734▼ 23.2%€43,721▼ 26.8%€86,530▲ 97.9%€36,409▼ 57.9%€81,210▲ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €38,645 after a loss of €275 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486,483
Fixed assets
€184,733 ▼ 7.9%
Current assets
€301,750 ▲ 30.3%
Equity and liabilities €486,483
Equity
€12,854 ▲ 71.4%
Provisions
€63,642 ▲ 241%
Debt
€409,987 ▲ 1.0%
Debt's share of the balance-sheet total falls from 93.9% to 84.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,837▲
2024 · €12,875
Cash flow
€31,545▲
2024 · €2,863
Current ratio
1.37▲
2024 · 1.19
Debt to equity
31.90▼
2024 · 54.12
ROE
41.6%▲
2024 · -137.1%
ROA
1.1%▲
2024 · -2.4%
Interest coverage
4.16▲
2024 · 1.91
Debt ≤ 1 year
€220,540▲
2024 · €195,151
Debt > 1 year
€187,697▼
2024 · €210,279
Income taxes
€17,701▲
2024 · €3,273
Staff costs
€1,812▲
2024 · -€425
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
2.0%
stopped otherwise
96%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,447 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €299,941 | €257,779 | €259,240 | €199,149 | - | - |
| Non-recurring operating income76A | - | €49,909 | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €248,678 | €265,884 | €220,824 | €176,265 | - | - |
| Remuneration, social security and pensions62 | €13,931 | - | -€94 | -€425 | €1,812 | ▲ 527% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,017 | €26,595 | €17,417 | €13,150 | €26,192 | ▲ 99.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €45,000 | - |
| Other operating charges640/8 | €2,729 | €2,198 | €1,854 | €5,865 | €40,108 | ▲ 584% |
| Non-recurring operating charges66A | €83 | €650 | €2,319 | €4,568 | - | - |
| Gross operating margin9900 | €51,263 | €41,804 | €38,417 | €22,883 | €151,757 | ▲ 563% |
| Operating profit (loss)9901 | €6,503 | €12,362 | €16,921 | -€275 | €38,645 | ▲ 14,148% |
| Financial income75/76B | €3 | - | €2 | €7 | - | - |
| Recurring financial income75 | €3 | - | €2 | €7 | - | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | €10,607 | €12,059 | €12,444 | €6,747 | €15,591 | ▲ 131% |
| Recurring financial charges65 | €10,607 | €12,059 | €12,444 | €6,747 | €15,591 | ▲ 131% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,101 | €303 | €4,480 | -€7,014 | €23,054 | ▲ 429% |
| Income taxes67/77 | €3,900 | - | €3,151 | €3,273 | €17,701 | ▲ 441% |
| Profit (loss) for the period9904 | -€8,001 | €303 | €1,329 | -€10,287 | €5,353 | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | -€8,001 | €303 | €1,329 | -€10,287 | €5,353 | ▲ 152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442,270 | €444,975 | €423,170 | €432,072 | €486,483 | ▲ 12.6% |
| Fixed assets21/28 | €260,776 | €233,965 | €193,782 | €200,512 | €184,733 | ▼ 7.9% |
| Intangible fixed assets21 | €23,000 | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €210,996 | €207,185 | €167,002 | €175,852 | €160,073 | ▼ 9.0% |
| Land and buildings22 | €154,337 | €145,204 | €136,824 | €156,624 | €143,535 | ▼ 8.4% |
| Plant, machinery and equipment23 | €42,745 | €52,301 | €20,846 | €9,896 | - | - |
| Furniture and vehicles24 | €10,611 | €9,332 | €9,332 | €9,332 | €8,445 | ▼ 9.5% |
| Other tangible fixed assets26 | €3,303 | €348 | €0 | - | €8,093 | - |
| Financial fixed assets28 | €26,780 | €26,780 | €26,780 | €24,660 | €24,660 | = |
| Current assets29/58 | €181,495 | €211,010 | €229,388 | €231,560 | €301,750 | ▲ 30.3% |
| Amounts receivable after more than one year29 | €99,119 | €99,119 | €99,119 | - | - | - |
| Trade receivables290 | €99,119 | €99,119 | - | - | - | - |
| Other amounts receivable291 | - | - | €99,119 | - | - | - |
| Stocks and contracts in progress3 | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €67,583 | €108,206 | €125,603 | €225,195 | €292,103 | ▲ 29.7% |
| Trade receivables40 | €66,524 | €106,968 | €112,263 | €49,390 | €82,374 | ▲ 66.8% |
| Other amounts receivable41 | €1,059 | €1,238 | €13,340 | €175,805 | €209,729 | ▲ 19.3% |
| Cash at bank and in hand54/58 | €7,057 | €993 | €14 | €1,452 | €1,738 | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €7,737 | €2,693 | €4,653 | €4,913 | €7,909 | ▲ 61.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442,270 | €444,975 | €423,170 | €432,072 | €486,483 | ▲ 12.6% |
| Equity10/15 | €19,271 | €16,459 | €17,788 | €7,501 | €12,854 | ▲ 71.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €0 | - | - | - |
| Outside capital11 | - | - | €6,200 | €6,200 | - | - |
| Share premium1100/10 | - | - | €6,200 | €6,200 | - | - |
| Reserves13 | €19,202 | €19,202 | €19,202 | €19,202 | €19,202 | = |
| 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 | - |
| Other1319 | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €17,342 | €17,342 | €17,342 | €17,342 | €17,342 | = |
| Profit (loss) carried forward14 | -€6,131 | -€8,943 | -€7,614 | -€17,901 | -€12,548 | ▲ 29.9% |
| Provisions and deferred taxes16 | €18,642 | €18,642 | €18,642 | €18,642 | €63,642 | ▲ 241% |
| Provisions for liabilities and charges160/5 | €18,642 | €18,642 | €18,642 | €18,642 | €63,642 | ▲ 241% |
| Major repairs and maintenance162 | €18,642 | €18,642 | €18,642 | €18,642 | €63,642 | ▲ 241% |
| Amounts payable17/49 | €404,358 | €409,875 | €386,741 | €405,930 | €409,987 | ▲ 1.0% |
| Amounts payable after more than one year17 | €282,097 | €242,085 | €243,383 | €210,279 | €187,697 | ▼ 10.7% |
| Financial debts170/4 | €282,097 | €242,085 | €243,383 | €210,279 | €187,697 | ▼ 10.7% |
| Amounts payable within one year42/48 | €121,761 | €167,290 | €142,858 | €195,151 | €220,540 | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | €25,412 | €32,859 | €50,729 | €44,026 | €37,318 | ▼ 15.2% |
| Financial debts43 | - | €7,888 | €767 | - | - | - |
| Credit institutions430/8 | - | €7,888 | €767 | - | - | - |
| Trade debts44 | €22,967 | €20,033 | €48,938 | €97,425 | €119,345 | ▲ 22.5% |
| Suppliers440/4 | €22,967 | €20,033 | €48,938 | €97,425 | €119,345 | ▲ 22.5% |
| Taxes, remuneration and social security45 | €9,986 | €25,319 | €17,216 | €11,350 | €6,722 | ▼ 40.8% |
| Taxes450/3 | €9,986 | €23,716 | €15,373 | €5,057 | €5,118 | ▲ 1.2% |
| Remuneration and social security454/9 | - | €1,603 | €1,842 | €6,292 | €1,604 | ▼ 74.5% |
| Other amounts payable47/48 | €63,396 | €81,190 | €25,208 | €42,350 | €57,155 | ▲ 35.0% |
| Accrued charges and deferred income492/3 | €500 | €500 | €500 | €500 | €1,750 | ▲ 250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,001 | €303 | €1,329 | -€10,287 | €5,353 | ▲ 152% |
| + Depreciation and write-downs630 | €28,017 | €26,595 | €17,417 | €13,150 | €26,192 | ▲ 99.2% |
| Operating cash flow (approximation) | €20,017 | €26,897 | €18,745 | €2,863 | €31,545 | ▲ 1,002% |
| Investment in fixed assets (approximation) | - | €216 | €22,766 | -€19,880 | -€10,413 | ▲ 47.6% |
| Change in cash | - | -€6,064 | -€979 | €1,439 | €286 | ▼ 80.2% |
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
12-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 43 days late
2025
31-12
Financial
Back to profitnet €5,353
Net result €5,353 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
31-12
Financial
Back to profitnet €303
Net result €303 after one loss-making year.
13-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 105 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €53,958
Net result €53,958 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.84
Current ratio from 1.11 to 2.84.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
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, Sint-Jans-Molenbeek · 1 establishment unit since 2011
Ground area
2,993 m²
Building footprint
362 m²
Volume, LiDAR
23,101 m³
2 parcels, Brussels · tallest building 85.9 m, ±28 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
CREMED
since 20112.195.440.788
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0180/00F000 | Brussels | 2,903 m² | 1 · 273 m² | 85.9 m · 28 fl. |
| 21342B0095/00K004 | Brussels | 90 m² | 1 · 90 m² | 16.5 m · 4 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.
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveLes Lilas
Legal Entity Identifier
5493005IVK1E0WROR571
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-2011
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833115083
Also
9925:BE0833115083
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.