KREEF
ActiveSummary
KREEF has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €17k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 30% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+10
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.07 in 2024; short-term debt: 24.6% and cash: 0.4% of total assets), and 72.6% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
27.4%
Return on assets
2.2%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
21 d early
2024
31 d early
2023
9 d late
2022
18 d late
2021
31 d early
2020
24 d late
2019
41 d late
← 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
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€204k▲ 8.9%
2024 · €187k
Total assets
€745k▼ 3.1%
2024 · €769k
Net result
€17k▲ 388%
2024 · €3k
Working capital
€-168k▲ 1.5%
2024 · €-170k
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€69k▲ 195%€58k▼ 16.9%€21k▼ 64.0%€29k▲ 39.6%€47k▲ 63.5%
Net result€54k▲ 456%€34k▼ 36.0%€7k▼ 79.7%€3k▼ 50.6%€17k▲ 388%
Equity€143k▲ 60.0%€177k▲ 24.0%€184k▲ 3.9%€187k▲ 1.9%€204k▲ 8.9%
Total assets€885k▼ 2.2%€853k▼ 3.5%€812k▼ 4.8%€769k▼ 5.3%€745k▼ 3.1%
Debt€742k▼ 9.0%€676k▼ 8.8%€628k▼ 7.1%€582k▼ 7.4%€541k▼ 7.0%
Working capital€-129k▲ 13.7%€-109k▲ 14.9%€-178k▼ 62.6%€-170k▲ 4.1%€-168k▲ 1.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 64% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €745k
Fixed assets
€729k ▼ 3.6%
Current assets
€16k ▲ 26.4%
Equity and liabilities €745k
Equity
€204k ▲ 8.9%
Debt
€541k ▼ 7.0%
Debt's share of the balance-sheet total falls from 75.6% to 72.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▲
2024 · €58k
Cash flow
€44k▲
2024 · €32k
Current ratio
0.08▲
2024 · 0.07
Debt to equity
2.65▼
2024 · 3.10
ROE
8.2%▲
2024 · 1.8%
ROA
2.2%▲
2024 · 0.4%
Interest coverage
3.28▲
2024 · 2.39
Debt ≤ 1 year
€184k▲
2024 · €183k
Debt > 1 year
€357k▼
2024 · €397k
Income taxes
€8k▲
2024 · €1k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €616 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €30k | €30k | €29k | €27k | ▼ 6.2% |
| Other operating charges640/8 | €8k | €10k | €8k | €8k | €7k | ▼ 20.9% |
| Gross operating margin9900 | €106k | €97k | €59k | €66k | €81k | ▲ 22.4% |
| Operating profit (loss)9901 | €69k | €58k | €21k | €29k | €47k | ▲ 63.5% |
| Financial income75/76B | €11 | €438 | €27 | €21 | €9 | ▼ 57.9% |
| Recurring financial income75 | €11 | €438 | €27 | €21 | €9 | ▼ 57.9% |
| Financial charges65/66B | €12k | €11k | €11k | €24k | €23k | ▼ 6.4% |
| Recurring financial charges65 | €12k | €10k | €11k | €24k | €23k | ▼ 6.4% |
| Non-recurring financial charges66B | - | €800 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €58k | €47k | €9k | €5k | €25k | ▲ 422% |
| Income taxes67/77 | €4k | €12k | €3k | €1k | €8k | ▲ 512% |
| Profit (loss) for the period9904 | €54k | €34k | €7k | €3k | €17k | ▲ 388% |
| Profit (loss) for the period to be appropriated9905 | €54k | €34k | €7k | €3k | €17k | ▲ 388% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €885k | €853k | €812k | €769k | €745k | ▼ 3.1% |
| Formation expenses20 | €444 | - | - | - | - | - |
| Fixed assets21/28 | €843k | €813k | €797k | €757k | €729k | ▼ 3.6% |
| Tangible fixed assets22/27 | €843k | €813k | €797k | €757k | €729k | ▼ 3.6% |
| Land and buildings22 | €829k | €803k | €776k | €750k | €724k | ▼ 3.4% |
| Plant, machinery and equipment23 | €13k | €10k | €21k | €7k | €5k | ▼ 27.7% |
| Furniture and vehicles24 | €643 | €491 | €338 | €186 | €33 | ▼ 82.0% |
| Financial fixed assets28 | €800 | - | - | - | - | - |
| Current assets29/58 | €41k | €40k | €15k | €12k | €16k | ▲ 26.4% |
| Amounts receivable within one year40/41 | €24k | €12k | €12k | €10k | €10k | ▼ 2.1% |
| Trade receivables40 | €24k | €12k | €9k | €6k | €6k | ▼ 0.9% |
| Other amounts receivable41 | - | - | €3k | €4k | €3k | ▼ 4.2% |
| Cash at bank and in hand54/58 | €17k | €28k | €2k | €2k | €3k | ▲ 11.6% |
| Deferred charges and accrued income490/1 | - | - | €559 | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €885k | €853k | €812k | €769k | €745k | ▼ 3.1% |
| Equity10/15 | €143k | €177k | €184k | €187k | €204k | ▲ 8.9% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €22k | ▲ 335% |
| Non-distributable reserves130/1 | €5k | - | - | - | - | - |
| Reserves not available under the articles1311 | €5k | - | - | - | - | - |
| Distributable reserves133 | - | €5k | €5k | €5k | €22k | ▲ 335% |
| Profit (loss) carried forward14 | €88k | €122k | €129k | €132k | €132k | = |
| Amounts payable17/49 | €742k | €676k | €628k | €582k | €541k | ▼ 7.0% |
| Amounts payable after more than one year17 | €573k | €527k | €436k | €397k | €357k | ▼ 10.1% |
| Financial debts170/4 | €573k | €527k | €436k | €397k | €357k | ▼ 10.1% |
| Amounts payable within one year42/48 | €169k | €149k | €193k | €183k | €184k | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | €45k | €45k | €37k | €38k | €43k | ▲ 11.4% |
| Trade debts44 | €466 | €2k | €83 | €2k | €323 | ▼ 83.4% |
| Suppliers440/4 | €466 | €2k | €83 | €2k | €323 | ▼ 83.4% |
| Taxes, remuneration and social security45 | €8k | €13k | €4k | €4k | €5k | ▲ 35.9% |
| Taxes450/3 | €8k | €13k | €4k | €4k | €5k | ▲ 35.9% |
| Other amounts payable47/48 | €116k | €88k | €151k | €139k | €135k | ▼ 2.4% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €34k | €7k | €3k | €17k | ▲ 388% |
| + Depreciation and write-downs630 | €29k | €30k | €30k | €29k | €27k | ▼ 6.2% |
| Operating cash flow (approximation) | €83k | €64k | €37k | €32k | €44k | ▲ 35.6% |
| Investment in fixed assets (approximation) | - | €356 | €-14k | €12k | €0 | ▼ 100% |
| Change in cash | - | €11k | €-26k | €175 | €281 | ▲ 60.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €204k ▲8.9%
8 profitable years in a row build equity to €204k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Equity above €150kEq €177k ▲24%
5 profitable years in a row build equity to €177k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €54k ▲456%
Operating result €69k, net result €54k, both a record.
31-12
Financial
Equity above €100kEq €143k ▲60%
4 profitable years in a row build equity to €143k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oostende · 1 establishment unit since 2018
Ground area
107 m²
Building footprint
107 m²
Volume, LiDAR
1,897 m³
Parcel 35013A1595/00M023, Flanders · tallest building 28.0 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KREEF
since 20182.302.014.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1595/00M023 | Flanders | 107 m² | 1 · 107 m² | 28.0 m · 6 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 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,218 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
Founded09-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
64210Activities of holding companies
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.