H-CREATIVE
InactiveH-CREATIVE was declared bankrupt on 14-05-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 27-05-2025, published in the Belgian State Gazette on 03-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-10-2023, 70 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
70 d late
2021
75 d late
2020
20 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€246k▲ 996%
2021 · €22k
2018: €8k
2019: €8k
2020: €-30k
2021: €22k
2018 → 2022
Working capital
€-82k▼ 108%
2021 · €-39k
2018: €-55k
2019: €-93k
2020: €-67k
2021: €-39k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€8k-€15k▲ 105%€-15k€8k€254k▲ 3,185%
Operating result€11k-€15k▲ 34.2%€-26k€26k€304k▲ 1,074%
Net result€8k-€8k▼ 5.3%€-30k€22k€246k▲ 996%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 1,074% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €503k
Fixed assets
€404k ▲ 197%
Current assets
€98k ▲ 16.5%
Equity and liabilities €503k
Equity
€254k ▲ 3,185%
Debt
€249k ▲ 16.9%
Debt's share of the balance-sheet total falls from 96.5% to 49.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€338k▲
2021 · €54k
Cash flow
€281k▲
2021 · €51k
Current ratio
0.55▼
2021 · 0.68
Quick ratio
0.32▼
2021 · 0.46
Debt to equity
0.98▼
2021 · 27.58
ROE
97.0%▼
2021 · 290.7%
ROA
48.9%▲
2021 · 10.2%
Interest coverage
64.12▲
2021 · 15.35
Debt ≤ 1 year
€181k▲
2021 · €124k
Debt > 1 year
€69k▼
2021 · €89k
Income taxes
€52k
Staff costs
€431k▲
2021 · €307k
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 · 2022 against 2021 · 52 lines
Balance sheet
Code20212022
Assets
Total assets20/58€221k€503k▲
Formation expenses20€320€80▼
Fixed assets21/28€136k€404k▲
Intangible fixed assets21€45k€36k▼
Tangible fixed assets22/27€91k€369k▲
Plant, machinery and equipment23-€7k
Furniture and vehicles24€15k€41k▲
Other tangible fixed assets26€76k€321k▲
Current assets29/58€84k€98k▲
Stocks and contracts in progress3€27k€40k▲
Stocks30/36€27k€40k▲
Amounts receivable within one year40/41€49k€32k▼
Trade receivables40€44k€8k▼
Other amounts receivable41€4k€23k▲
Cash at bank and in hand54/58€5k€25k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€221k€503k▲
Equity10/15€8k€254k▲
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€223€246k▲
Amounts payable17/49€213k€249k▲
Amounts payable after more than one year17€89k€69k▼
Financial debts170/4€89k€69k▼
Amounts payable within one year42/48€124k€181k▲
Current portion of amounts payable after more than one year42€20k€21k▲
Financial debts43€722€785▲
Credit institutions430/8€722€785▲
Trade debts44€52k€64k▲
Suppliers440/4€52k€64k▲
Taxes, remuneration and social security45€51k€95k▲
Taxes450/3€40k€83k▲
Remuneration and social security454/9€11k€12k▲
Income statement
Code20212022
Non-recurring operating income76A-€13k
Remuneration, social security and pensions62€307k€431k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€35k▲
Other operating charges640/8€371€3k▲
Non-recurring operating charges66A-€38k
Gross operating margin9900€362k€810k▲
Operating profit (loss)9901€26k€304k▲
Financial income75/76B€128€190▲
Recurring financial income75€128€190▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€22k€299k▲
Income taxes67/77-€52k
Profit (loss) for the period9904€22k€246k▲
Profit (loss) for the period to be appropriated9905€22k€246k▲
Appropriation of the result
Profit (loss) to be appropriated9906€223€246k▲
Profit (loss) brought forward from the previous period14P€-22k€223▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · H-CREATIVE BV LOUIZALAAN 264, 1050 ELSENE · event 27-05-2025
2024
21-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · H-CREATIVE BV LOUIZA- LAAN 264, 1050 ELSENE · event 14-05-2024
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €246k ▲996%
Operating result €304k, net result €246k, both a record.
31-12
Financial
Equity above €200kEq €254k ▲3185%
2 profitable years in a row build equity to €254k.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 75 days late
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-30k ▼483%
Net result drops to €-30k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Ilse VAN DE MIEROP WOLSTRAAT 68-70,
1000 BRUSSEL 1 |
14-05-2024 → 27-05-2025 |