Kreate
ActiveSummary
The computed 12-month bankruptcy probability of Kreate is 2.4% (moderate). The 2025 annual accounts show negative equity (€-34k) and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.48 in 2024; short-term debt: 153.4% and cash: 27.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-53.4%
Return on assets
34.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 5%
← weakest
strongest →
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 04-07-2026, 27 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
27 d early
2024
14 d early
2023
32 d early
2022
18 d early
2021
27 d early
2020
8 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€-34k▲ 39.5%
2024 · €-56k
Total assets
€64k▼ 3.4%
2024 · €66k
Net result
€22k
2024 · €-58k
Working capital
€-38k▲ 39.0%
2024 · €-62k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6k€20k▲ 223%€798▼ 96.1%€-54k€25k
Net result€4k€14k▲ 216%€-3k€-58k▼ 1,704%€22k
Equity€-9k▲ 33.3%€5k€2k▼ 63.7%€-56k€-34k▲ 39.5%
Total assets€152k▲ 24.7%€160k▲ 5.1%€99k▼ 37.9%€66k▼ 33.7%€64k▼ 3.4%
Debt€161k▲ 19.0%€155k▼ 3.8%€98k▼ 37.0%€122k▲ 25.2%€98k▼ 20.0%
Working capital€-35k▲ 21.0%€-19k▲ 45.7%€-12k▲ 37.4%€-62k▼ 423%€-38k▲ 39.0%
Staff (FTE)2▲ 81.8%1.8▼ 10.0%1▼ 44.4%1=1=
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: €25k after a loss of €54k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€4k ▼ 60.1%
Current assets
€60k ▲ 6.1%
Key figures and ratios
EBITDA
€31k▲
2024 · €-38k
Cash flow
€28k▲
2024 · €-41k
Solvency
-53.4%▲
2024 · -85.3%
Current ratio
0.61▲
2024 · 0.48
Quick ratio
0.49▲
2024 · 0.35
Debt to equity
-2.87▼
2024 · -2.17
ROA
34.9%▲
2024 · -88.1%
Interest coverage
10.70▲
2024 · -10.57
Debt ≤ 1 year
€98k▼
2024 · €119k
Income taxes
€217▲
2024 · €210
Staff costs
€47k▲
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €82k | €68k | €44k | €41k | €47k | ▲ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €19k | €19k | €17k | €6k | ▼ 65.9% |
| Other operating charges640/8 | €3k | €3k | €2k | €2k | €2k | ▼ 6.9% |
| Gross operating margin9900 | €109k | €110k | €66k | €5k | €80k | ▲ 1,588% |
| Operating profit (loss)9901 | €6k | €20k | €798 | €-54k | €25k | ▲ 147% |
| Financial income75/76B | €1 | €5 | €894 | €0 | €18 | ▲ 178,400% |
| Recurring financial income75 | €1 | €5 | €894 | €0 | €18 | ▲ 178,400% |
| Financial charges65/66B | €2k | €3k | €4k | €4k | €3k | ▼ 18.9% |
| Recurring financial charges65 | €2k | €3k | €4k | €4k | €3k | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €5k | €17k | €-3k | €-58k | €22k | ▲ 139% |
| Income taxes67/77 | €158 | €3k | €588 | €210 | €217 | ▲ 3.4% |
| Profit (loss) for the period9904 | €4k | €14k | €-3k | €-58k | €22k | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €4k | €14k | €-3k | €-58k | €22k | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €160k | €99k | €66k | €64k | ▼ 3.4% |
| Formation expenses20 | €1k | €814 | €407 | - | - | - |
| Fixed assets21/28 | €61k | €42k | €24k | €9k | €4k | ▼ 60.1% |
| Tangible fixed assets22/27 | €61k | €42k | €24k | €9k | €4k | ▼ 60.1% |
| Plant, machinery and equipment23 | €17k | €11k | €5k | €79 | - | - |
| Furniture and vehicles24 | €25k | €18k | €12k | €6k | €1k | ▼ 79.2% |
| Leasing and similar rights25 | €14k | €9k | €4k | - | - | - |
| Other tangible fixed assets26 | €5k | €4k | €4k | €3k | €2k | ▼ 19.4% |
| Current assets29/58 | €90k | €117k | €75k | €57k | €60k | ▲ 6.1% |
| Stocks and contracts in progress3 | €23k | €14k | €16k | €15k | €12k | ▼ 18.9% |
| Stocks30/36 | €23k | €14k | €16k | €15k | €12k | ▼ 18.9% |
| Amounts receivable within one year40/41 | €46k | €68k | €47k | €30k | €27k | ▼ 9.9% |
| Trade receivables40 | €39k | €58k | €41k | €26k | €24k | ▼ 7.5% |
| Other amounts receivable41 | €7k | €10k | €6k | €4k | €3k | ▼ 25.0% |
| Cash at bank and in hand54/58 | €21k | €33k | €10k | €10k | €17k | ▲ 81.3% |
| Deferred charges and accrued income490/1 | €473 | €2k | €2k | €2k | €3k | ▲ 65.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €160k | €99k | €66k | €64k | ▼ 3.4% |
| Equity10/15 | €-9k | €5k | €2k | €-56k | €-34k | ▲ 39.5% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-14k | €54 | €-3k | €-61k | €-39k | ▲ 36.3% |
| Amounts payable17/49 | €161k | €155k | €98k | €122k | €98k | ▼ 20.0% |
| Amounts payable after more than one year17 | €36k | €19k | €11k | €4k | - | - |
| Financial debts170/4 | €36k | €19k | €11k | €4k | - | - |
| Amounts payable within one year42/48 | €125k | €136k | €87k | €119k | €98k | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | €15k | €17k | €9k | €7k | €4k | ▼ 44.2% |
| Financial debts43 | €40k | €40k | €35k | €35k | €25k | ▼ 28.6% |
| Credit institutions430/8 | €40k | €40k | €35k | €35k | €25k | ▼ 28.6% |
| Trade debts44 | €24k | €39k | €18k | €28k | €39k | ▲ 39.9% |
| Suppliers440/4 | €24k | €39k | €18k | €28k | €39k | ▲ 39.9% |
| Advances received on contracts in progress46 | €10k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €7k | €7k | €1k | €4k | €4k | ▼ 2.4% |
| Taxes450/3 | €2k | €4k | €1k | €747 | €1k | ▲ 34.8% |
| Remuneration and social security454/9 | €5k | €3k | - | €4k | €3k | ▼ 10.2% |
| Other amounts payable47/48 | €30k | €34k | €24k | €45k | €26k | ▼ 41.5% |
| Accrued charges and deferred income492/3 | €193 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €14k | €-3k | €-58k | €22k | ▲ 138% |
| + Depreciation and write-downs630 | €18k | €19k | €19k | €17k | €6k | ▼ 65.9% |
| Operating cash flow (approximation) | €23k | €33k | €16k | €-41k | €28k | ▲ 167% |
| Investment in fixed assets (approximation) | - | €-407 | €-407 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €12k | €-23k | €-127 | €8k | ▲ 6,248% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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
Registered office, Waregem · 1 establishment unit since 2019
Ground area
161 m²
Building footprint
98 m²
Volume, LiDAR
665 m³
Parcel 34453F0146/00T002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kreate
since 20192.293.972.497
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0146/00T002 | Flanders | 161 m² | 1 · 98 m² | 10.4 m · 2 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 29,787 companies in sector 41001 we hold annual accounts for 16,039. 3,127 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
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.