Losses
-€1.1m in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
CREYAR
Lifetime
3 annual accounts with figures on one time axispeak €5,875 (2023)
-€24,282▲ €130,113
lowest -€478,764 (2024)
-€280,609▲ €198,155
peak €5.6m (2023)
€4.9m▼ 5.5%
€7.2m▲ 1.7%
Board8 names since 2022
4 directorsGino Schepens and 3 others
Owners
Documentsfilings and deeds
27-08-202627 days late
2025financial year
Gross margin from -€154,394 to -€24,282Loss of €280,609
Key points
from the 2025 annual accountsFilings
3 annual accounts 2 late
The 2023 accounts came latest: 29 days after the end of the period.
Position in the sector
-€280,609
Lower net result than 91% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.
Checked score
82
Excellent
Financially stronger than 24% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 803 companies (NACE 70, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025highest value
04-2025: 0.8%● unchanged vs 03-2025highest value
05-2025: 0.4%▼ -0.4 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.3%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%▼ -0.2 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.01
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €12.0m
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized). It does better than 34% of them on solvency, 23% on liquidity, 24% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €390,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.01 (0.03 in 2024), below 1. Short-term debt is 59.5% of total assets. 59.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 2025Net result per financial year
232425
2023 to 2025 · latest year -€280,609
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
27 days late
2024
2 days early
2023
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 18 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0788491917
2 directors resigning
Creafund nv and Ruth De Wulf · Permanent representative: Kenneth Depuydt · Board meeting of 31-01-2023 · Gazette deed
4 directors appointed, 2 resignations
Resignations: Creafund NV and Kenneth Depuydt · Permanent representatives: Herman Wielfaert, Kenneth Depuydt and Yannick Maes · Appointments: Creafund NV, Ruth De Wulf, Y-M Management BV (day-to-day manager) and Gino Schepens (chair of the board) · General meeting of 13-07-2022 · Gazette deed
Incorporation
Founding capital of €6,000,000, 6,000,000 shares · Founders: CREAFUND, VIANE Reinhart Leonia Robert and SCHEPENS Gino Filip · Appointments: CREAFUND (class A director), SCHEPENS Gino Filip (class A director), Depuydt Kenneth (class A director), VIANE Reinhart Leonia Robert (class B director) and Finvision Bedrijfsrevisoren Antwerpen (statutory auditor) · published on 14-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CREYAR Dentergem | €12.0m | -€24,282 | 40.3% | - |
| SUSTAINABLE DEVELOPMENT GROUP Zwevegem | €11.0m | -€36,453 | 46.8% | - |
| Quiche Holding Vilvoorde | €11.5m | -€12,237 | 38.6% | 1 |
| VEOWARE Ixelles | €11.6m | -€17,311 | 97.8% | - |
| DEANBEL Brussels | €11.1m | -€10,091 | -3.2% | - |
| Haerens Investments Puurs-Sint-Amands | €10.2m | -€115,805 | 14.2% | - |
| GBS 11 Oostkamp | €7.7m | -€4,931 | -0.1% | 0 |
These companies have the same main activity as CREYAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €7.7m and €12m, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 12-07-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.337.256.4718720 Dentergem, since 12-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Insights on CREYAR
CREYAR has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of -€280,609.
Equity has been shrinking by about 7% per year since 2023. Its solvency ranks better than 39% of 3,873 sector peers (NACE 70, financial year 2025).
The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CREYAR
- What is the company number of CREYAR?
- The company number of CREYAR is 0788.491.917. The VAT number is the same number with BE in front: BE 0788.491.917.
- Where is CREYAR based?
- The registered office is at Molenstraat 97, 8720 Dentergem.Company details
- What does CREYAR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CREYAR?
- CREYAR is a public limited company (NV).
- When was CREYAR founded?
- CREYAR was founded on 12-07-2022.
- Is CREYAR still active?
- Yes, CREYAR is an active enterprise in the KBO register.
- What is the turnover of CREYAR?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is CREYAR profitable?
- In financial year 2025, CREYAR made a loss of €280,609.
- Where can I find the annual accounts of CREYAR?
- CREYAR filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CREYAR due?
- CREYAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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