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Generated 19-07-2026
Active BE 0769.722.120Private limited company

S CREATION

Edingsesteenweg 132 ·9402 Ninove, Belgium· 5 yrs active
Sector: Specialised construction (43110)
Conclusion Checked

The computed 12-month bankruptcy probability of S CREATION is 2.3% (moderate). The 2024 annual accounts show equity of €176k and a net result of €30k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 11056 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €176k
Net result €30k
Better than sector 22%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health48Profitability86Solvency22Growth52Stability94
60 / 100

Strong profile, led by stability.

Health 48
Profitability 86
Solvency 22
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
48 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro
€0€25k€50k€75k€100kOperating result 2022: €72k€72kNet result 2022: €90k€90kOperating result 2023: €59k€59kNet result 2023: €40k€40kOperating result 2024: €58k€58kNet result 2024: €30k€30k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~24.2%/year over 3 fiscal years, indicative, assuming unchanged policy.
€100k€150k€200k€250k€300k2025: €211k (€197k - €225k)2026: €246k (€232k - €260k)2027: €281k (€267k - €295k)2022: €105k2023: €145k2024: €176k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 17.2% 40.9%
better than 22% of 11056 sector peers
Net result €30k €11k
better than 75% of 11038 sector peers
Equity €176k €34k
better than 93% of 11059 sector peers
Gross operating margin €211k €35k
better than 95% of 11029 sector peers
Staff costs €20k €25k
higher than 47% of 4023 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€177k
+31.6% far above sector median
Net profit
€30k
-24.0% +175% vs sector
Cash flow
€149k
+29.4% far above sector median
Total assets
€1.02M
+89.4% far above sector median
Equity
€176k
+20.9% far above sector median
Working capital
€-2k
+91.0% far below sector median
Staff costs
€20k
+234.1% +100% vs sector
Income taxes
€9k
-18.2% +170% vs sector
Debt
€844k
+114.8% far above sector median
Debt ≤ 1y
€246k
+43.5% far above sector median
Debt > 1y
€599k
+169.8% far above sector median
Current ratio
0.99
+17.9% -31% vs sector
Quick ratio
0.74
+6.5% -48% vs sector
Solvency
17.2%
-36.2% -50% vs sector
Debt / equity
4.81
+77.7% +155% vs sector
ROE
17.3%
-37.1% -62% vs sector
ROA
3.0%
-59.9% -84% vs sector
Interest coverage
9.01
-40.9% -24% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€177k
Net profit€30k
Cash flow€149k
Staff costs€20k
Income taxes€9k
Dividends-
Total assets€1.02M
Equity€176k
Debt€844k
of which ≤ 1y€246k
of which > 1y€599k
Working capital€-2k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.99
Quick ratio0.74
Working capital ratio-0.2%
Solvency17.2%
Debt / equity4.81
Long-term debt ratio3.41
Interest coverage9.01
Gross margin-
Net margin-
ROA3.0%
ROE17.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.02M
Fixed assets 21/28€777k
Intangible fixed assets 21€111
Tangible fixed assets 22/27€772k
Financial fixed assets 28€5k
Current assets 29/58€243k
Stocks & contracts in progress 3€61k
Amounts receivable within one year 40/41€92k
Cash & bank 54/58€85k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.02M
Equity 10/15€176k
Contributions / capital 10/11€15k
Reserves 13€161k
Amounts payable 17/49€844k
Amounts payable after one year 17€599k
Amounts payable within one year 42/48€246k
Trade debts payable within one year 44€35k
Income statement
Gross operating margin 9900€211k
Operating result 9901€58k
Financial income 75€388
Financial charges 65€20k
Result before taxes 9903€39k
Income taxes 67/77€9k
Net result for the period 9904€30k
Result to be appropriated 9905€30k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43110)
Legal form Private limited company(610)
Incorporation15-06-2021
StatusActive
Postal code9402
Establishment units 1 location
S CREATION
Edingsesteenweg 132, 9402 NinoveAanleg van telecommunicatielijnen en -netten
since 20212.318.349.290
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41038A0590/00N000 Flanders 130 m² 1 · 130 m² 9.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
21-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
13-05-2024
State Gazette act Director changes
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
13-05-2024 2 directors appointed Director changes
  • Scheys Patrick, Bestuurder
  • De Staercke Inge, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Scheys Patrick",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-04-01",
      "evidence_quote": "De Benoeming van de heer Scheys Patrick als bestuurder dit vanaf 1 april 2024 voor onbepaalde tijd.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "De Staercke Inge",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-04-01",
      "evidence_quote": "Benoeming van mevrouw Inge De Staercke om de parmanente en daadwerkelijke leiding var\u0131 de vervoerswerkzaamheder uit te voeren voor onbepaalde tijd en var\u0131af 1 April 2024.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2024-04-30",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-04-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0769.722.120",
    "name_full": "S CREATION",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Scheys Matthias",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Slopen43110Slopen43110Ondersteunende activiteiten in verband met de teelt van gewassen01610Ondersteunende activiteiten in verband met de teelt van gewassen01610Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Landschapsverzorging81300Landschapsverzorging81300
Primary activity highlighted.
Names & trade names
Legal nameNL S CREATION
Registered office
Edingsesteenweg 132
9402 Ninove, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative