KREA
ActiveSummary
KREA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,115 and a net result of €27,176. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 49% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+90
Solvency72▲+43
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.0 in 2024; short-term debt: 53.5% and cash: 20.3% of total assets), but 53.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
46.5%
Return on assets
30%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
13 d late
2023
62 d late
2022
67 d late
2021
78 d late
2020
65 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€42,115▲ 182%
2024 · €14,939
Total assets
€90,477▼ 74.5%
2024 · €354,724
Net result
€27,176
2024 · -€25,267
Working capital
€32,802▲ 4,889%
2024 · €658
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,069€24,767▲ 2,216%€4,459▼ 82.0%-€3,805€34,005
Net result€846within the sector's middle half€17,686within the sector's middle half▲ 1,990%€739within the sector's middle half▼ 95.8%-€25,267below the sector's middle half€27,176within the sector's middle half
Equity€21,781within the sector's middle half▼ 48.1%€39,467within the sector's middle half▲ 81.2%€40,205within the sector's middle half▲ 1.9%€14,939below the sector's middle half▼ 62.8%€42,115within the sector's middle half▲ 182%
Total assets€40,368below the sector's middle half▼ 53.3%€96,737within the sector's middle half▲ 140%€360,408above the sector's middle half▲ 273%€354,724above the sector's middle half▼ 1.6%€90,477within the sector's middle half▼ 74.5%
Debt€18,588▼ 58.2%€57,271▲ 208%€320,203▲ 459%€339,786▲ 6.1%€48,362▼ 85.8%
Working capital€21,560▼ 37.7%€19,911▼ 7.7%€26,087▲ 31.0%€658▼ 97.5%€32,802▲ 4,889%
Solvency54.0%within the sector's middle half▲ 5.4pp40.8%within the sector's middle half▼ 13.2pp11.2%below the sector's middle half▼ 29.6pp4.2%below the sector's middle half▼ 6.9pp46.5%within the sector's middle half▲ 42.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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: €34,005 after a loss of €3,805 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,477
Fixed assets
€9,313 ▼ 34.8%
Current assets
€81,164 ▼ 76.2%
Equity and liabilities €90,477
Equity
€42,115 ▲ 182%
Debt
€48,362 ▼ 85.8%
Debt's share of the balance-sheet total falls from 95.8% to 53.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,974▲
2024 · €1,167
Cash flow
€32,145▲
2024 · -€20,295
Current ratio
1.68▲
2024 · 1.00
Quick ratio
1.01▲
2024 · 0.06
Debt to equity
1.15▼
2024 · 22.75
ROE
64.5%▲
2024 · -169.1%
ROA
30.0%▲
2024 · -7.1%
Interest coverage
7.28▲
2024 · 0.05
Debt ≤ 1 year
€48,362▼
2024 · €339,786
Income taxes
€2,094▲
2024 · €192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7,900 | €8,452 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €221 | €2,649 | €4,831 | €4,972 | €4,968 | ▼ 0.1% |
| Other operating charges640/8 | €1,330 | €1,336 | €2,031 | €1,324 | €3,450 | ▲ 161% |
| Non-recurring operating charges66A | - | €1,426 | - | - | €21,000 | - |
| Gross operating margin9900 | €2,620 | €30,177 | €11,322 | €2,490 | €63,424 | ▲ 2,447% |
| Operating profit (loss)9901 | €1,069 | €24,767 | €4,459 | -€3,805 | €34,005 | ▲ 994% |
| Financial income75/76B | €902 | €9 | €424 | €526 | €620 | ▲ 18.0% |
| Recurring financial income75 | €902 | €9 | €424 | €526 | €620 | ▲ 18.0% |
| Financial charges65/66B | €735 | €669 | €3,620 | €21,795 | €5,355 | ▼ 75.4% |
| Recurring financial charges65 | €735 | €669 | €3,620 | €21,795 | €5,355 | ▼ 75.4% |
| Profit (loss) for the period before taxes9903 | €1,236 | €24,106 | €1,264 | -€25,075 | €29,270 | ▲ 217% |
| Income taxes67/77 | €390 | €6,421 | €525 | €192 | €2,094 | ▲ 992% |
| Profit (loss) for the period9904 | €846 | €17,686 | €739 | -€25,267 | €27,176 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €846 | €17,686 | €739 | -€25,267 | €27,176 | ▲ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,368 | €96,737 | €360,408 | €354,724 | €90,477 | ▼ 74.5% |
| Fixed assets21/28 | €221 | €30,040 | €19,253 | €14,281 | €9,313 | ▼ 34.8% |
| Tangible fixed assets22/27 | €221 | €30,040 | €19,253 | €14,281 | €9,313 | ▼ 34.8% |
| Plant, machinery and equipment23 | €221 | - | €1,506 | €1,165 | €824 | ▼ 29.2% |
| Furniture and vehicles24 | - | €30,040 | €17,746 | €13,116 | €8,488 | ▼ 35.3% |
| Current assets29/58 | €40,148 | €66,698 | €341,156 | €340,443 | €81,164 | ▼ 76.2% |
| Stocks and contracts in progress3 | - | - | €321,456 | €321,456 | €32,361 | ▼ 89.9% |
| Stocks30/36 | - | - | €321,456 | €321,456 | €32,361 | ▼ 89.9% |
| Amounts receivable within one year40/41 | €15,043 | €22,349 | €10,357 | €10,524 | €27,043 | ▲ 157% |
| Trade receivables40 | €1,479 | €20,744 | €2,980 | €4,337 | €24,140 | ▲ 457% |
| Other amounts receivable41 | €13,564 | €1,605 | €7,377 | €6,187 | €2,903 | ▼ 53.1% |
| Cash at bank and in hand54/58 | €24,601 | €42,929 | €7,672 | €7,373 | €18,329 | ▲ 149% |
| Deferred charges and accrued income490/1 | €504 | €1,420 | €1,671 | €1,090 | €3,431 | ▲ 215% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,368 | €96,737 | €360,408 | €354,724 | €90,477 | ▼ 74.5% |
| Equity10/15 | €21,781 | €39,467 | €40,205 | €14,939 | €42,115 | ▲ 182% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €19,545 | €20,284 | €20,284 | €20,284 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €17,686 | €18,425 | €18,425 | €18,425 | = |
| Profit (loss) carried forward14 | €1,330 | €1,330 | €1,330 | -€23,937 | €3,239 | ▲ 114% |
| Amounts payable17/49 | €18,588 | €57,271 | €320,203 | €339,786 | €48,362 | ▼ 85.8% |
| Amounts payable after more than one year17 | - | €10,484 | €5,134 | - | - | - |
| Financial debts170/4 | - | €10,484 | €5,134 | - | - | - |
| Amounts payable within one year42/48 | €18,588 | €46,787 | €315,069 | €339,786 | €48,362 | ▼ 85.8% |
| Current portion of amounts payable after more than one year42 | €9,361 | €5,103 | €211,759 | €240,134 | - | - |
| Trade debts44 | €379 | €3,723 | €7,129 | €5,731 | €7,418 | ▲ 29.4% |
| Suppliers440/4 | €379 | €3,723 | €7,129 | €5,731 | €7,418 | ▲ 29.4% |
| Taxes, remuneration and social security45 | €5,247 | €9,114 | €8,302 | €5,891 | €6,043 | ▲ 2.6% |
| Taxes450/3 | €2,243 | €9,114 | €8,302 | €2,791 | €4,268 | ▲ 52.9% |
| Remuneration and social security454/9 | €3,003 | - | - | €3,100 | €1,775 | ▼ 42.7% |
| Other amounts payable47/48 | €3,600 | €28,847 | €87,879 | €88,030 | €34,901 | ▼ 60.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €846 | €17,686 | €739 | -€25,267 | €27,176 | ▲ 208% |
| + Depreciation and write-downs630 | €221 | €2,649 | €4,831 | €4,972 | €4,968 | ▼ 0.1% |
| Operating cash flow (approximation) | €1,067 | €20,335 | €5,570 | -€20,295 | €32,145 | ▲ 258% |
| Investment in fixed assets (approximation) | - | -€32,468 | €5,956 | €0 | €0 | - |
| Change in cash | - | €18,328 | -€35,257 | -€299 | €10,956 | ▲ 3,763% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €27,176
Net result €27,176 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet -€25,267
Net result drops to -€25,267, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €846
Net result €846 after one loss-making year.
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 87 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 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, Kampenhout · 1 establishment unit since 2000
Ground area
526 m²
Building footprint
168 m²
Volume, LiDAR
1,174 m³
Parcel 23008D0491/00Y000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COP'YOURSELF
since 20002.096.580.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23008D0491/00Y000 | Flanders | 526 m² | 1 · 168 m² | 10.3 m · 3 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,233 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
Founded31-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472026645
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.