Equity
-€186,810
Debts exceed assets in financial year 2025.
KH Creation
Overview
Lifetime
6 annual accounts with figures on one time axispeak -€4,331 (2023)
-€7,138▼ €1,600
lowest -€44,811 (2021)
-€21,598▼ €409
peak -€25,688 (2020)
-€186,810▼ €21,598
€253,713▲ 2.5%
Board1 name since 2020
1 directorHermans Karel
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from -€5,538 to -€7,138Loss of €21,598Equity from -€165,211 to -€186,810Cash from €1,205 to €631
Key points
from the 2025 annual accountsLosses
-€188,810 in six years
Every financial year from 2020 to 2025 closed with a loss. 2021 was the heaviest.
Debts
€253,713 379% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Filings
6 annual accounts 3 late
The 2020 accounts came latest: 55 days after the end of the period.
At the same address
5 companies
Position in the sector
-€186,810
Less equity than 95% of companies in publishing. Sector median €40,682 · 826 companies.
Holding: outside the score modelBankruptcy probability: sector outside the modelTurnover not published (micro format)
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity. Financial fixed assets make up more than half of its assets. The general model for operating companies does not fit such a balance sheet, so there is no score and no financial strength.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal, which does not raise the risk
1 signal.
neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
4 days early
2024
17 days early
2023
8 days early
2022
31 days late
2021
16 days late
2020
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 12 days after the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% 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 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0745735802
Incorporation · Founder
published on 24-11-2020 · Gazette deed
Incorporation
published on 02-04-2020 · Gazette deed
First establishment
Antwerpsesteenweg 415, Lier
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KH Creation Lier | €66,903 | -€7,138 | -279.2% | - |
| AJINOMATRIX Rebecq | €68,461 | -€150,447 | -1487.8% | - |
| BackApp Company Hasselt | €56,424 | -€2,864 | 90.3% | - |
| SENSEFUEL NORTHERN EUROPE Tournai | €41,549 | -€25,509 | -561.7% | - |
| THINGS framework Braine-le-Comte | €123,045 | €28 | 99.2% | - |
| Renonline Houthulst | €41,432 | -€82,108 | -215.0% | - |
| MakinH Temse | €87,262 | -€33,416 | -30.4% | - |
These companies have the same main activity as KH Creation: other software publishing (NACE 58290). They are comparable in size and age: total assets between €41,400 and €123,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 31-03-2020Normal situation
- Activity
- Other software publishingNACE 58290and 3 others
- Establishment unit
- 2.301.316.4862500 Lier, since 31-03-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 07-08-2025
Annual accounts 2025
- -€7,138▼ 28.9%
- €21,598▲ 1.9%
- -€186,810▼ 13.1%
- €66,903▼ 18.8%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on KH Creation
KH Creation files the micro format. That format states no turnover. The gross margin rose from -€14,506 in 2020 to -€7,138 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-07-2026, 4 days before the deadline-€186,810
▼ €21,598
€66,903
▼ 18.8%
-€21,598
▼ €409
-279.2%
▼ 78.6 percentage points
-
-32.3%
▼ 6.6 percentage points
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €66,903 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-279.2%
Higher than 7% of 825 companies in 2025.
-32.3%
Higher than 11% of 781 companies in 2025.
KH Creation
Middle half of the sector
80% of the sector
Micro accounts in publishing (NACE 58)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
66,903 | 82,356 | 95,633 | 118,676 | 115,626 | 158,437 | |
21/28 |
63,048 | 76,617 | 91,246 | 114,936 | 90,671 | 125,324 | |
21 |
- | - | 0 | 9,059 | 29,549 | 50,039 | |
22/27 |
0 | 13,569 | 28,198 | 42,828 | 55,722 | 69,885 | |
23 |
0 | 686 | 1,526 | 2,366 | 1,453 | 1,827 | |
24 |
0 | 12,883 | 26,673 | 40,462 | 54,269 | 68,059 | |
28 |
63,048 | 63,048 | 63,048 | 63,048 | 5,400 | 5,400 | |
29/58 |
3,855 | 5,739 | 4,386 | 3,741 | 24,955 | 33,112 | |
40/41 |
3,093 | 2,335 | 2,124 | 1,849 | 23,680 | 30,460 | |
41 |
3,093 | 2,335 | 2,124 | 1,849 | 23,680 | 30,460 | |
54/58 |
631 | 1,205 | 229 | 80 | 1,275 | 1,180 | |
490/1 |
131 | 2,199 | 2,034 | 1,812 | 0 | 1,472 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
66,903 | 82,356 | 95,633 | 118,676 | 115,626 | 158,437 | |
10/15 |
-186,810 | -165,211 | -144,023 | -114,110 | -70,498 | -25,688 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
-188,810 | -167,211 | -146,023 | -116,110 | -72,498 | -27,688 | |
17/49 |
253,713 | 247,567 | 239,656 | 232,787 | 186,124 | 184,124 | |
17 |
- | 0 | 12,232 | 24,346 | 36,345 | 47,243 | |
170/4 |
- | 0 | 12,232 | 24,346 | 36,345 | 47,243 | |
42/48 |
253,713 | 247,567 | 227,424 | 208,441 | 149,779 | 136,833 | |
42 |
0 | 12,232 | 12,115 | 11,999 | 11,884 | 12,757 | |
44 |
183 | 180 | 9,780 | 11,516 | 9,727 | 9,916 | |
440/4 |
183 | 180 | 9,780 | 11,516 | 9,727 | 9,916 | |
45 |
230 | 230 | 242 | 611 | 151 | - | |
450/3 |
230 | 230 | 242 | 611 | 151 | - | |
47/48 |
253,299 | 234,925 | 205,287 | 184,315 | 128,016 | 114,160 | |
492/3 |
- | - | - | - | 0 | 48 | |
| Income statement | |||||||
9900 |
-7,138 | -5,538 | -4,331 | -7,404 | -8,711 | -14,506 | |
630 |
13,569 | 14,630 | 23,689 | 34,783 | 34,653 | 12,363 | |
640/8 |
734 | 516 | 1,173 | 734 | 734 | 728 | |
9901 |
-21,440 | -20,684 | -29,194 | -42,920 | -44,098 | -27,596 | |
65/66B |
158 | 275 | 458 | 510 | 562 | 92 | |
65 |
158 | 275 | 458 | 510 | 562 | 92 | |
9903 |
-21,598 | -20,959 | -29,652 | -43,430 | -44,660 | -27,688 | |
67/77 |
0 | 230 | 261 | 182 | 151 | - | |
9904 |
-21,598 | -21,189 | -29,912 | -43,612 | -44,811 | -27,688 | |
9905 |
-21,598 | -21,189 | -29,912 | -43,612 | -44,811 | -27,688 | |
| Appropriation of the result | |||||||
9906 |
-188,810 | -167,211 | -146,023 | -116,110 | -72,498 | -27,688 | |
14P |
-167,211 | -146,023 | -116,110 | -72,498 | -27,688 | - | |
| Document | |||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00333312 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00263805 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00272032 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00429776 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20287892 | |
| 31-12-2020 | micro format | 24-09-2021 | 2021-68100438 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 59,048 | 0 | 137,687 | ||
| -574 | 976 | 149 | -1,195 | 94 | - | ||
| -279.2% | -200.6% | -150.6% | -96.2% | -61.0% | -16.2% | ||
| -32.3% | -25.7% | -31.3% | -36.7% | -38.8% | -17.5% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,400 | - |
| Financial fixed assets | - | - | - | €57,648 | - |
| €13,569 | €14,630 | €23,689 | €34,783 | €34,653 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on KH Creation
The operating result for 2025 is a loss of €21,440, larger than the loss of €20,684 in 2024.
Equity is negative. Debt (€253,713) exceeds the balance-sheet total (€66,903).
Board & ownership
Board
1 directorMandates through the years
1 name, the dashed line is todayHermans Karel
Director
Director
Board
Mandates as a list
- Hermans Karel
- Director, from 31-03-2020 to date
Control
Capital
- Contribution
- €2,000
- Source
- 2025 annual accounts
Network & group
No group
KH Creation has no parent and no holdings in its annual accounts. Hermans Karel is the only director. KH Creation shares no director with another company.
At the same address
Antwerpsesteenweg 415, 2500 Lier · 5 other companies| HERMANS KAREL
registered office since 18-06-2015 · founded in 2015 |
total assets €1.9m (2025) 0632.545.611 |
| HERMANS-VANWIJCK
registered office since 26-06-2014 · founded in 2014 |
total assets €1.2m (2025) 0554.662.232 |
| TANDARTS JORIK VANWIJCK
establishment since 02-04-2015 · founded in 2015 |
total assets €645,312 (2025) 0628.635.224 |
| Mondzorg Lier
registered office since 08-01-2015 · founded in 2015 |
total assets €323,235 (2025) 0568.686.650 |
| Denthys
establishment since 10-06-2024 · founded in 2024 |
total assets €99,405 (2025) 1010.197.986 |
Timeline
Timeline
11 events since 2020Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 4 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0745735802
Annual accounts 2024 filed PDFmicro format · 17 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 8 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Annual accounts 2021 filed PDFmicro format · 16 days late
2021
Weakest financial year net -€44,811 The net result drops to -€44,811, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 55 days late
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0745.735.802
- VAT number
- BE 0745.735.802
- Peppol ID
- 0208:0745735802
- Other Peppol ID
- 9925:BE0745735802
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 31-03-2020
- Financial year
- ends on 31 December
- Peppol
- Reachable since 07-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KH Creation in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202558290
Other software publishing main activity
Codes under NACEBEL 2008
58290
Publishing activities main activity
47410
Retail trade
64200
Holdings
68100
Real estate activities
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Antwerpsesteenweg 415 registered office 2500 Lier | 31-03-2020 | 2.301.316.486 |
Buildings and parcels at the address
- Ground area
- 1,921 m²
- Buildings
- 353 m²
- Volume, LiDAR
- 131 m³
- Tallest building
- 6.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12393F0700/00R002 | 1,921 m² | 1 · 353 m² | 6.2 m |