CREON
ActiveSummary
CREON has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.26M and a net result of €421k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-5
Solvency61▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.15 in 2024; short-term debt: 25.6% and cash: 15.4% of total assets), but 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
35.5%
Return on assets
4.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
2 d early
2023
1 d early
2022
6 d early
2021
2 d early
2020
36 d early
2019
32 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.26M=
2024 · €3.26M
2018: €5.26Mhighest in 8 years
2019: €5.21M▼ -0.9% vs 2018
2020: €3.48M▼ -33.2% vs 2019
2021: €3.06M▼ -12.0% vs 2020lowest in 8 years
2022: €3.37M▲ +10.1% vs 2021
2023: €3.26M▼ -3.3% vs 2022
2024: €3.26M● +0.0% vs 2023
2025: €3.26M● -0.0% vs 2024
2018 → 2025
Total assets
€9.18M▲ 8.3%
2024 · €8.48M
2018: €10.85Mhighest in 8 years
2019: €9.06M▼ -16.5% vs 2018
2020: €8.55M▼ -5.6% vs 2019
2021: €8.11M▼ -5.1% vs 2020lowest in 8 years
2022: €9.22M▲ +13.7% vs 2021
2023: €8.51M▼ -7.7% vs 2022
2024: €8.48M▼ -0.4% vs 2023
2025: €9.18M▲ +8.3% vs 2024
2018 → 2025
Net result
€421k▼ 37.6%
2024 · €674k
2018: €194k
2019: €-47k▼ -124% vs 2018
2020: €-28k▲ +40.1% vs 2019
2021: €-419k▼ -1403% vs 2020lowest in 8 years
2022: €1.41M▲ +436% vs 2021highest in 8 years
2023: €470k▼ -66.7% vs 2022
2024: €674k▲ +43.5% vs 2023
2025: €421k▼ -37.6% vs 2024
2018 → 2025
Working capital
€2.03M▲ 390%
2024 · €414k
2018: €1.45M
2019: €1.46M▲ +0.4% vs 2018
2020: €135k▼ -90.8% vs 2019lowest in 8 years
2021: €1.91M▲ +1319% vs 2020
2022: €986k▼ -48.5% vs 2021
2023: €483k▼ -51.0% vs 2022
2024: €414k▼ -14.3% vs 2023
2025: €2.03M▲ +390% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.06M-€3.37M▲ 10.1%€3.26M▼ 3.3%€3.26M=€3.26M=
2021: €3.06Mlowest in 5 years
2022: €3.37M▲ +10.1% vs 2021highest in 5 years
2023: €3.26M▼ -3.3% vs 2022
2024: €3.26M● +0.0% vs 2023
2025: €3.26M● -0.0% vs 2024
Operating result€-270k-€20k€649k▲ 3,213%€1.00M▲ 54.1%€622k▼ 37.8%
2021: €-270klowest in 5 years
2022: €20k▲ +107% vs 2021
2023: €649k▲ +3213% vs 2022
2024: €1.00M▲ +54.1% vs 2023highest in 5 years
2025: €622k▼ -37.8% vs 2024
Net result€-419k-€1.41M€470k▼ 66.7%€674k▲ 43.5%€421k▼ 37.6%
2021: €-419klowest in 5 years
2022: €1.41M▲ +436% vs 2021highest in 5 years
2023: €470k▼ -66.7% vs 2022
2024: €674k▲ +43.5% vs 2023
2025: €421k▼ -37.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.18M
Fixed assets
€4.80M ▼ 9.0%
Current assets
€4.38M ▲ 36.7%
Equity and liabilities €9.18M
Equity
€3.26M =
Provisions
€585k ▲ 327%
Debt
€5.33M ▲ 5.0%
Debt's share of the balance-sheet total falls from 59.9% to 58.1%. Debt is higher.
Key figures and ratios
EBITDA
€986k▼
2024 · €1.32M
Cash flow
€785k▼
2024 · €990k
Current ratio
1.86▲
2024 · 1.15
Quick ratio
1.47▲
2024 · 0.81
Debt to equity
1.63▲
2024 · 1.56
ROE
12.9%▼
2024 · 20.7%
ROA
4.6%▼
2024 · 8.0%
Interest coverage
10.43▼
2024 · 14.26
Debt ≤ 1 year
€2.35M▼
2024 · €2.79M
Debt > 1 year
€2.94M▲
2024 · €2.25M
Income taxes
€119k▼
2024 · €257k
Staff costs
€1.36M▲
2024 · €1.34M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.48M€9.18M▲
Fixed assets21/28€5.27M€4.80M▼
Intangible fixed assets21€323€116k▲
Tangible fixed assets22/27€3.19M€2.98M▼
Land and buildings22€2.78M€2.56M▼
Plant, machinery and equipment23€170k€174k▲
Furniture and vehicles24€242k€247k▲
Financial fixed assets28€2.08M€1.70M▼
Current assets29/58€3.21M€4.38M▲
Stocks and contracts in progress3€955k€930k▼
Stocks30/36€955k€930k▼
Amounts receivable within one year40/41€946k€1.95M▲
Trade receivables40€860k€949k▲
Other amounts receivable41€86k€1.00M▲
Cash at bank and in hand54/58€1.25M€1.41M▲
Deferred charges and accrued income490/1€52k€88k▲
Equity and liabilities
Total equity and liabilities10/49€8.48M€9.18M▲
Equity10/15€3.26M€3.26M=
Contributions10/11€469k€469k=
Revaluation surpluses12€1.12M€1.12M=
Reserves13€1.67M€1.67M=
Distributable reserves133€1.67M€1.67M=
Profit (loss) carried forward14€216€87▼
Provisions and deferred taxes16€137k€585k▲
Provisions for liabilities and charges160/5€137k€585k▲
Other liabilities and charges164/5€137k€585k▲
Amounts payable17/49€5.08M€5.33M▲
Amounts payable after more than one year17€2.25M€2.94M▲
Financial debts170/4€2.25M€2.94M▲
Amounts payable within one year42/48€2.79M€2.35M▼
Current portion of amounts payable after more than one year42€247k€309k▲
Financial debts43€1.04M€1.10M▲
Credit institutions430/8€1.04M€1.10M▲
Trade debts44€446k€298k▼
Suppliers440/4€446k€298k▼
Taxes, remuneration and social security45€207k€218k▲
Taxes450/3€65k€89k▲
Remuneration and social security454/9€142k€130k▼
Other amounts payable47/48€849k€421k▼
Accrued charges and deferred income492/3€35k€43k▲
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€1.34M€1.36M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€316k€364k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€11k€448k▲
Other operating charges640/8€29k€31k▲
Gross operating margin9900€2.72M€2.83M▲
Operating profit (loss)9901€1.00M€622k▼
Financial income75/76B€23k€12k▼
Recurring financial income75€23k€12k▼
Financial charges65/66B€92k€95k▲
Recurring financial charges65€92k€95k▲
Profit (loss) for the period before taxes9903€931k€540k▼
Income taxes67/77€257k€119k▼
Profit (loss) for the period9904€674k€421k▼
Profit (loss) for the period to be appropriated9905€674k€421k▼
Appropriation of the result
Profit (loss) to be appropriated9906€674k€421k▼
Profit (loss) brought forward from the previous period14P-€216
Profit to be distributed694/7€674k€421k▼
Return on contributions (dividend)694€594k€341k▼
Directors or managers695€80k€80k=
Social balance
Average headcount (FTE)908720.619.2▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | - | - |
| Remuneration, social security and pensions62 | €1.18M | €1.06M | €1.05M | €1.34M | €1.36M | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €750k | €743k | €228k | €316k | €364k | ▲ 15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €123k | €144k | €18k | €17k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-27k | €-71k | €126k | €11k | €448k | ▲ 4,095% |
| Other operating charges640/8 | €32k | €26k | €30k | €29k | €31k | ▲ 6.7% |
| Non-recurring operating charges66A | - | €73k | - | - | - | - |
| Gross operating margin9900 | €1.78M | €2.00M | €2.10M | €2.72M | €2.83M | ▲ 4.1% |
| Operating profit (loss)9901 | €-270k | €20k | €649k | €1.00M | €622k | ▼ 37.8% |
| Financial income75/76B | €8k | €1.59M | €57k | €23k | €12k | ▼ 47.3% |
| Recurring financial income75 | €8k | €10k | €57k | €23k | €12k | ▼ 47.3% |
| Non-recurring financial income76B | - | €1.58M | - | - | - | - |
| Financial charges65/66B | €53k | €74k | €79k | €92k | €95k | ▲ 2.4% |
| Recurring financial charges65 | €53k | €74k | €79k | €92k | €95k | ▲ 2.4% |
| Non-recurring financial charges66B | - | - | €399 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-314k | €1.54M | €627k | €931k | €540k | ▼ 42.0% |
| Income taxes67/77 | €105k | €126k | €157k | €257k | €119k | ▼ 53.7% |
| Profit (loss) for the period9904 | €-419k | €1.41M | €470k | €674k | €421k | ▼ 37.6% |
| Profit (loss) for the period to be appropriated9905 | €-419k | €1.41M | €470k | €674k | €421k | ▼ 37.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.11M | €9.22M | €8.51M | €8.48M | €9.18M | ▲ 8.3% |
| Fixed assets21/28 | €3.93M | €4.93M | €5.24M | €5.27M | €4.80M | ▼ 9.0% |
| Intangible fixed assets21 | €575k | €6k | €1k | €323 | €116k | ▲ 36,008% |
| Tangible fixed assets22/27 | €2.86M | €2.84M | €3.15M | €3.19M | €2.98M | ▼ 6.6% |
| Land and buildings22 | €2.69M | €2.61M | €2.87M | €2.78M | €2.56M | ▼ 7.9% |
| Plant, machinery and equipment23 | €140k | €168k | €137k | €170k | €174k | ▲ 2.3% |
| Furniture and vehicles24 | €23k | €64k | €146k | €242k | €247k | ▲ 2.0% |
| Financial fixed assets28 | €500k | €2.08M | €2.08M | €2.08M | €1.70M | ▼ 18.3% |
| Current assets29/58 | €4.18M | €4.29M | €3.27M | €3.21M | €4.38M | ▲ 36.7% |
| Stocks and contracts in progress3 | €1.31M | €1.36M | €1.26M | €955k | €930k | ▼ 2.5% |
| Stocks30/36 | €1.31M | €1.36M | €1.26M | €955k | €930k | ▼ 2.5% |
| Amounts receivable within one year40/41 | €1.72M | €1.13M | €1.29M | €946k | €1.95M | ▲ 106% |
| Trade receivables40 | €1.60M | €1.05M | €1.23M | €860k | €949k | ▲ 10.4% |
| Other amounts receivable41 | €123k | €81k | €61k | €86k | €1.00M | ▲ 1,071% |
| Current investments50/53 | - | €800k | - | - | - | - |
| Cash at bank and in hand54/58 | €1.11M | €947k | €688k | €1.25M | €1.41M | ▲ 12.6% |
| Deferred charges and accrued income490/1 | €44k | €59k | €35k | €52k | €88k | ▲ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.11M | €9.22M | €8.51M | €8.48M | €9.18M | ▲ 8.3% |
| Equity10/15 | €3.06M | €3.37M | €3.26M | €3.26M | €3.26M | = |
| Contributions10/11 | €469k | €469k | €469k | €469k | €469k | = |
| Revaluation surpluses12 | €1.23M | €1.17M | €1.12M | €1.12M | €1.12M | = |
| Reserves13 | €1.37M | €1.73M | €1.67M | €1.67M | €1.67M | = |
| Non-distributable reserves130/1 | €47k | - | - | - | - | - |
| Reserves not available under the articles1311 | €47k | - | - | - | - | - |
| Distributable reserves133 | €1.32M | €1.73M | €1.67M | €1.67M | €1.67M | = |
| Profit (loss) carried forward14 | - | - | - | €216 | €87 | ▼ 59.8% |
| Provisions and deferred taxes16 | €71k | - | €126k | €137k | €585k | ▲ 327% |
| Provisions for liabilities and charges160/5 | €71k | - | €126k | €137k | €585k | ▲ 327% |
| Other liabilities and charges164/5 | €71k | - | €126k | €137k | €585k | ▲ 327% |
| Amounts payable17/49 | €4.98M | €5.85M | €5.12M | €5.08M | €5.33M | ▲ 5.0% |
| Amounts payable after more than one year17 | €2.68M | €2.48M | €2.28M | €2.25M | €2.94M | ▲ 30.5% |
| Financial debts170/4 | €2.68M | €2.48M | €2.28M | €2.25M | €2.94M | ▲ 30.5% |
| Amounts payable within one year42/48 | €2.26M | €3.31M | €2.79M | €2.79M | €2.35M | ▼ 15.8% |
| Current portion of amounts payable after more than one year42 | €214k | €217k | €219k | €247k | €309k | ▲ 25.2% |
| Financial debts43 | €1.03M | €1.04M | €1.04M | €1.04M | €1.10M | ▲ 6.0% |
| Credit institutions430/8 | €1.03M | €1.04M | €1.04M | €1.04M | €1.10M | ▲ 6.0% |
| Trade debts44 | €801k | €1.01M | €630k | €446k | €298k | ▼ 33.2% |
| Suppliers440/4 | €801k | €1.01M | €630k | €446k | €298k | ▼ 33.2% |
| Advances received on contracts in progress46 | €312 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €218k | €139k | €120k | €207k | €218k | ▲ 5.6% |
| Taxes450/3 | €82k | €7k | €5k | €65k | €89k | ▲ 35.9% |
| Remuneration and social security454/9 | €135k | €132k | €116k | €142k | €130k | ▼ 8.3% |
| Other amounts payable47/48 | - | €900k | €780k | €849k | €421k | ▼ 50.4% |
| Accrued charges and deferred income492/3 | €34k | €63k | €53k | €35k | €43k | ▲ 21.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-419k | €1.41M | €470k | €674k | €421k | ▼ 37.6% |
| + Depreciation and write-downs630 | €750k | €743k | €228k | €316k | €364k | ▲ 15.0% |
| Operating cash flow (approximation) | €331k | €2.15M | €698k | €990k | €785k | ▼ 20.8% |
| Investment in fixed assets (approximation) | - | €-1.74M | €-536k | €-353k | €110k | ▲ 131% |
| Change in cash | - | €-162k | €-259k | €565k | €158k | ▼ 72.1% |
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
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1.41M
Net result €1.41M after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-419k
Net result drops to €-419k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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 8 acts read
About the unread acts
We know of 8 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
8 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, Merchtem · 1 establishment unit since 1982
Ground area
4,881 m²
Building footprint
32 m²
Volume, LiDAR
94 m³
Parcel 23602I0050/00T000, Flanders · tallest building 3.2 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Koeweidestraat 31, 1785 Merchtem
since 19822.019.643.433
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0050/00T000 | Flanders | 4,881 m² | 1 · 32 m² | 3.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 251,071 EUR awarded · 100,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 251,071 EUR | 100,000 EUR |
Schemes
Ontwikkelingsproject
Recognitions · licences · registrations
Legal Entity Identifier
89450033BEGUOMHKZZ46
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Of 1,075 companies in sector 46140 we hold annual accounts for 645. 217 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
Founded03-11-1981
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46649Wholesale of other machinery and equipment
25110Manufacture of metal structures and parts of structures
28110Manufacture of machinery and equipment not elsewhere classified
46610Wholesale trade
46630Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.