KREAFINITY
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Antwerp, Mechelen division
- Declared bankrupt
- 29 April 2024
- Supervising judge
- Patrick Vervaet
- Official Gazette
- 06-05-2024 (pdf) ↗search the document for 2024/118408
Deadlines
- Provisional date payments stopped
- 29 October 2023Moved back by judgment of 2 June 2025. Payments and security you received since that day can in some cases be challenged by the trustee.art. XX.105, XX.111 and XX.112, Code of Economic Law
- Appeal or third-party opposition until
- passed on 21 May 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 29 May 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 24 June 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 29 April 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Kristin Van HochtKoningin Astridlaan 77, 2800 Mechelen- . Co-Curator: Guy Hendrickx, Zuut 6, 2500 Lierkristin.vanhocht@advocaat.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Other tax advisory services
NACE 69209
1 site
Size
€4.1mtotal assets 2022
- Staff
- 16 FTE
- Equity
- €940,362
- Profit
- €340,360
Turnover not published (abbreviated format)
Financial health
Open bankruptcy: no score
Structure
- Holdings
- 1
9 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2022 accounts filed 56 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2022 accounts filed 56 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-09-2023, 56 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 · 10 filingsDeviation from the deadline
2022
56 days late
2021
74 days late
2020
38 days late
2019
153 days late
2018
123 days late
2017
83 days late
2016
35 days early
← 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 70 days after the deadline; the sector median (NACE 69) for financial year 2022 is 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
- Date of cessation of payments moved…Enterprise Court of Antwerp, Mechelen…
- OpeningEnterprise Court of Antwerp, Mechelen…
- General meeting · Capital decreaseAmendment of the articles ·…
Financials · financial year 2022, abbreviated format
2022 annual accounts filed late (56 days) Filed on 25 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00453071.
Equity
€940,362▲ 10.6%
2021 · €850,002
Total assets
€4.1m▲ 1.5%
2021 · €4.1m
Net result
€340,360▲ 55.0%
2021 · €219,546
Working capital
-€609,978▼ 264%
2021 · -€167,533
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result has risen four years in a row; 2022 is 40% above 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.4m
2022
Net result€0.3m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.1m
2022
Equity€0.9m
2022
Debt€3.2m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.6m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)8.2%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency22.7%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.60
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)16
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€0.1m-€0.3m▲ 70.9%€0.3m▲ 12.5%€0.3m▲ 5.8%€0.4m▲ 40.2%
Net result€0.09m-€0.2m▲ 100%€0.2mwithin the sector's middle half▲ 3.3%€0.2mwithin the sector's middle half▲ 20.0%€0.3mabove the sector's middle half▲ 55.0%
Equity€0.7m-€0.7m▲ 3.8%€0.8mabove the sector's middle half▲ 11.1%€0.9mwithin the sector's middle half▲ 2.4%€0.9mabove the sector's middle half▲ 10.6%
Total assets€3.3m-€4.8m▲ 46.5%€4.5mabove the sector's middle half▼ 7.0%€4.1mabove the sector's middle half▼ 9.1%€4.1mabove the sector's middle half▲ 1.5%
Debt€2.6m-€4.1m▲ 58.4%€3.7m▼ 10.4%€3.2m▼ 11.7%€3.2m▼ 0.9%
Working capital-€1.0m--€0.7m▲ 24.9%-€0.6mbelow the sector's middle half▲ 17.5%-€0.2mbelow the sector's middle half▲ 72.6%-€0.6mbelow the sector's middle half▼ 264%
Solvency21.9%-15.5%▼ 6.4pp18.5%within the sector's middle half▲ 3.0pp20.9%within the sector's middle half▲ 2.3pp22.7%within the sector's middle half▲ 1.9pp
Current ratio0.44-0.66▲ 0.220.63below the sector's middle half▼ 0.030.89below the sector's middle half▲ 0.260.60below the sector's middle half▼ 0.29
Return on assets (ROA)2.7%-3.7%▲ 1.0pp4.1%within the sector's middle half▲ 0.4pp5.4%within the sector's middle half▲ 1.3pp8.2%within the sector's middle half▲ 2.8pp
Staff (FTE)10-15.3▲ 53.0%16.9above the sector's middle half▲ 10.5%20.3above the sector's middle half▲ 20.1%16above the sector's middle half▼ 21.2%
above
within
below
the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.1m
Fixed assets
€3.2m ▲ 16.0%
Current assets
€906,253 ▼ 29.8%
Equity and liabilities €4.1m
Equity
€940,362 ▲ 10.6%
Debt
€3.2m ▼ 0.9%
Debt's share of the balance-sheet total falls from 79.1% to 77.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€581,461▲
2021 · €479,744
Cash flow
€498,965▲
2021 · €397,581
Debt to equity
3.40▼
2021 · 3.79
ROE
36.2%▲
2021 · 25.8%
Interest coverage
12.67▲
2021 · 9.67
Debt ≤ 1 year
€1.5m▲
2021 · €1.5m
Debt > 1 year
€1.7m▼
2021 · €1.8m
Income taxes
€38,725▼
2021 · €40,000
Staff costs
€815,045▲
2021 · €811,078
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.8m | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 10.9% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.05m | ▲ 53.2% |
| Gross operating margin9900 | €1.0m | €1.3m | €1.4m | €1.3m | €1.4m | ▲ 9.2% |
| Operating profit (loss)9901 | €0.1m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 40.2% |
| Financial income75/76B | - | - | - | €0.007m | €0.002m | ▼ 71.5% |
| Recurring financial income75 | €0.006m | €0.01m | €0.002m | €0.007m | €0.002m | ▼ 71.5% |
| Financial charges65/66B | - | - | - | €0.05m | €0.05m | ▼ 7.5% |
| Recurring financial charges65 | €0.05m | €0.07m | €0.07m | €0.05m | €0.05m | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 46.1% |
| Income taxes67/77 | €0.01m | €0.02m | €0.04m | €0.04m | €0.04m | ▼ 3.2% |
| Profit (loss) for the period9904 | €0.09m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 55.0% |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 55.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €4.8m | €4.5m | €4.1m | €4.1m | ▲ 1.5% |
| Fixed assets21/28 | €2.5m | €3.4m | €3.5m | €2.8m | €3.2m | ▲ 16.0% |
| Intangible fixed assets21 | €1.0m | €2.0m | €2.0m | €2.3m | €2.1m | ▼ 5.7% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | ▼ 1.5% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.1m | ▲ 20.0% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | ▼ 8.1% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | ▼ 4.1% |
| Financial fixed assets28 | €1.2m | €1.0m | €1.2m | €0.003m | €0.6m | ▲ 228× |
| Current assets29/58 | €0.8m | €1.4m | €1.0m | €1.3m | €0.9m | ▼ 29.8% |
| Amounts receivable within one year40/41 | €0.8m | €1.4m | €1.0m | €1.2m | €0.9m | ▼ 29.1% |
| Trade receivables40 | - | - | - | €1.1m | €0.8m | ▼ 28.9% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.07m | ▼ 31.9% |
| Current investments50/53 | - | - | - | €0.01m | €0.01m | = |
| Cash at bank and in hand54/58 | €0.004m | €0.04m | €0.06m | €0.02m | €0.009m | ▼ 63.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.006m | ▼ 58.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €4.8m | €4.5m | €4.1m | €4.1m | ▲ 1.5% |
| Equity10/15 | €0.7m | €0.7m | €0.8m | €0.9m | €0.9m | ▲ 10.6% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | = |
| Reserves13 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | = |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | ▲ 11.2% |
| Amounts payable17/49 | €2.6m | €4.1m | €3.7m | €3.2m | €3.2m | ▼ 0.9% |
| Amounts payable after more than one year17 | €0.8m | €1.9m | €2.0m | €1.8m | €1.7m | ▼ 4.9% |
| Financial debts170/4 | - | - | - | €1.8m | €1.7m | ▼ 4.9% |
| Amounts payable within one year42/48 | €1.8m | €2.2m | €1.6m | €1.5m | €1.5m | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.5m | ▼ 7.5% |
| Financial debts43 | - | - | - | €0.3m | €0.2m | ▼ 35.4% |
| Credit institutions430/8 | - | - | - | €0.3m | €0.2m | ▼ 35.4% |
| Trade debts44 | €0.03m | €0.3m | - | - | €0.2m | - |
| Suppliers440/4 | - | - | - | - | €0.2m | - |
| Advances received on contracts in progress46 | - | - | - | €0.002m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | ▲ 8.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | ▲ 26.0% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | ▼ 10.5% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | ▲ 2.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,468 | €177,154 | €182,925 | €219,546 | €340,360 | ▲ 55.0% |
| + Depreciation and write-downs630 | €97,924 | €108,836 | €109,082 | €178,034 | €158,605 | ▼ 10.9% |
| Operating cash flow (approximation) | €186,392 | €285,990 | €292,007 | €397,581 | €498,965 | ▲ 25.5% |
| Investment in fixed assets (approximation) | - | -€987,026 | -€186,353 | €498,215 | -€604,319 | - |
| Change in cash | - | €31,714 | €20,202 | -€32,037 | -€15,324 | ▲ 52.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 25-09-2023 | 2023-00453071 |
| 31-12-2021 | abbreviated format | 13-10-2022 | 2022-20461021 |
| 31-12-2020 | abbreviated format | 07-09-2021 | 2021-67000255 |
| 31-12-2019 | abbreviated format | 31-12-2020 | 2020-77700346 |
| 31-12-2018 | abbreviated format | 01-12-2019 | 2019-75100548 |
| 31-12-2017 | abbreviated format | 22-10-2018 | 2018-69700235 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-22200404 |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-30300599 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-55600063 |
| 31-12-2013 | abbreviated format | 31-07-2014 | 2014-38300280 |
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Of the 2,197 active companies whose main activity is other tax advisory services (NACE 69209), figures are known for 1,105. 610 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 · 1 entry · €211 awardedPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Kristin Van Hocht Koningin Astridlaan 77, 2800 Mechelen- . Co-Curator: Guy Hendrickx, Zuut 6, 2500 Lier |
29-04-2024 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2022 annual accounts of KREAFINITY and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 0 of 9 Gazette acts processed.
History
Acts, filings and financial milestones
2025
06-06
Bankruptcy
Date of cessation of payments moved back
Enterprise Court of Antwerp, Mechelen division · judgment of 02-06-2025
2024
06-05
Bankruptcy
Opening
Enterprise Court of Antwerp, Mechelen division · judgment of 29-04-2024
20-02
Gazette deed
General meeting · Capital decrease
Amendment of the articles · Director reappointment
20-02
Gazette deed
General meeting · Capital conversion
Amendment of the articles · Director reappointment
24-01
Gazette deed
General meeting · Legal-form conversion
Capital conversion · Amendment of the articles
24-01
Gazette deed
General meeting · Other provision
Capital conversion · Reserve release
2023
04-12
Gazette deed
General meeting · Other provision
Purpose change · Amendment of the articles
01-12
Gazette deed
Representation rule · Other provision
Director appointment · General meeting
03-11
Gazette deed
General meeting · Amendment of the articles
Capital conversion · Reserve release
18-10
Gazette deed
General meeting · Legal form clause
Capital conversion · Reserve release
25-09
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 56 days late
19-09
Gazette deed
General meeting · Legal-form conversion
Capital conversion · Director resignation
Show earlier events
01-09
Gazette deed
General meeting · Amendment of the articles
Capital conversion · Name clause
28-07
Gazette deed
General meeting · Other provision
Capital conversion · Membership rule
06-07
Gazette deed
General meeting · Other provision
Auditor report · Capital conversion
2022
31-12
Financial
Highest result from 2018 to 2022net €340,360 ▲55%
Operating result €422,857, net result €340,360, both a record.
13-10
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 74 days late
2021
07-09
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 38 days late
2020
31-12
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 153 days late
2019
01-12
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 123 days late
2018
22-10
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 83 days late
2017
26-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
07-07
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
2015
31-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 31 days late
2014
31-07
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
0 of 9 deeds read
About the unread acts
We know of 9 Belgian Official 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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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-08-2008
Financial year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 2008
Ground area
1,991 m²
Building footprint
321 m²
Building volume
1,037 m³
Parcel 12393F0414/00H000, Flanders · tallest building 9.2 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
KREAFINITY
since 2008unit no. 2.176.622.590
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12393F0414/00H000 | Flanders | 1,991 m² | 1 · 321 m² | 9.2 m · 1 |
How the parcels are linked
Good to know
The parcel matches the address exactly.