Lieve CRETEN
ActiveSummary
Lieve CRETEN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.54M and a net result of €847k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+3
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 82.57 against 7.24 in 2024; short-term debt: 0.7% and cash: 0.1% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
86.3%
Return on assets
11.2%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 28-11-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
on the day
2021
on the day
2020
on the day
2019
30 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 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close25-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.54M▲ 14.9%
2024 · €5.69M
2019: €3.60Mlowest in 7 years
2020: €4.34M▲ +20.5% vs 2019
2021: €5.21M▲ +20.1% vs 2020
2022: €4.80M▼ -7.9% vs 2021
2023: €5.43M▲ +13.3% vs 2022
2024: €5.69M▲ +4.8% vs 2023
2025: €6.54M▲ +14.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€7.58M▼ 9.1%
2024 · €8.35M
2019: €4.55Mlowest in 7 years
2020: €5.33M▲ +17.2% vs 2019
2021: €8.98M▲ +68.4% vs 2020
2022: €9.79M▲ +9.1% vs 2021highest in 7 years
2023: €8.40M▼ -14.2% vs 2022
2024: €8.35M▼ -0.7% vs 2023
2025: €7.58M▼ -9.1% vs 2024
2019 → 2025
Net result
€847k▲ 14.3%
2024 · €741k
2019: €604klowest in 7 years
2020: €738k▲ +22.1% vs 2019
2021: €871k▲ +18.1% vs 2020
2022: €984k▲ +12.9% vs 2021highest in 7 years
2023: €636k▼ -35.4% vs 2022
2024: €741k▲ +16.6% vs 2023
2025: €847k▲ +14.3% vs 2024
2019 → 2025
Working capital
€4.16M▼ 2.1%
2024 · €4.25M
2019: €2.43M
2020: €3.26M▲ +34.2% vs 2019
2021: €1.91M▼ -41.3% vs 2020lowest in 7 years
2022: €5.29M▲ +177% vs 2021highest in 7 years
2023: €4.82M▼ -8.8% vs 2022
2024: €4.25M▼ -11.8% vs 2023
2025: €4.16M▼ -2.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.21M-€4.80M▼ 7.9%€5.43M▲ 13.3%€5.69M▲ 4.8%€6.54M▲ 14.9%
2021: €5.21M
2022: €4.80M▼ -7.9% vs 2021lowest in 5 years
2023: €5.43M▲ +13.3% vs 2022
2024: €5.69M▲ +4.8% vs 2023
2025: €6.54M▲ +14.9% vs 2024highest in 5 years
Operating result€1.23M-€1.44M▲ 16.7%€887k▼ 38.3%€964k▲ 8.8%€921k▼ 4.5%
2021: €1.23M
2022: €1.44M▲ +16.7% vs 2021highest in 5 years
2023: €887k▼ -38.3% vs 2022lowest in 5 years
2024: €964k▲ +8.8% vs 2023
2025: €921k▼ -4.5% vs 2024
Net result€871k-€984k▲ 12.9%€636k▼ 35.4%€741k▲ 16.6%€847k▲ 14.3%
2021: €871k
2022: €984k▲ +12.9% vs 2021highest in 5 years
2023: €636k▼ -35.4% vs 2022lowest in 5 years
2024: €741k▲ +16.6% vs 2023
2025: €847k▲ +14.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.58M
Fixed assets
€3.37M ▼ 1.2%
Current assets
€4.21M ▼ 14.6%
Equity and liabilities €7.58M
Equity
€6.54M ▲ 14.9%
Debt
€1.04M ▼ 60.7%
Debt's share of the balance-sheet total falls from 31.8% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.09M▼
2024 · €1.12M
Cash flow
€1.01M▲
2024 · €896k
Current ratio
82.57▲
2024 · 7.24
Debt to equity
0.16▼
2024 · 0.47
ROE
12.9%▼
2024 · 13.0%
ROA
11.2%▲
2024 · 8.9%
Interest coverage
3271.59▼
2024 · 5133.02
Debt ≤ 1 year
€51k▼
2024 · €682k
Income taxes
€335k▲
2024 · €329k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.35M€7.58M▼
Fixed assets21/28€3.41M€3.37M▼
Tangible fixed assets22/27€3.41M€3.37M▼
Land and buildings22€3.31M€3.20M▼
Plant, machinery and equipment23€83k€55k▼
Furniture and vehicles24€6k€107k▲
Other tangible fixed assets26€9k€9k=
Current assets29/58€4.93M€4.21M▼
Amounts receivable within one year40/41€453k€26k▼
Trade receivables40€10k€6k▼
Other amounts receivable41€444k€20k▼
Current investments50/53€4.43M€4.18M▼
Cash at bank and in hand54/58€46k€9k▼
Deferred charges and accrued income490/1-€95
Equity and liabilities
Total equity and liabilities10/49€8.35M€7.58M▼
Equity10/15€5.69M€6.54M▲
Contributions10/11€30k€30k=
Reserves13€5.15M€6.00M▲
Non-distributable reserves130/1€3k-
Reserves not available under the articles1311€3k-
Distributable reserves133€5.15M€6.00M▲
Profit (loss) carried forward14€512k€512k=
Amounts payable17/49€2.65M€1.04M▼
Amounts payable within one year42/48€682k€51k▼
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Taxes, remuneration and social security45€195k€42k▼
Taxes450/3€195k€42k▼
Other amounts payable47/48€478k-
Accrued charges and deferred income492/3€1.97M€991k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155k€168k▲
Other operating charges640/8€14k€14k▲
Gross operating margin9900€1.13M€1.10M▼
Operating profit (loss)9901€964k€921k▼
Financial income75/76B€106k€261k▲
Recurring financial income75€101k€261k▲
Non-recurring financial income76B€5k-
Financial charges65/66B€218€333▲
Recurring financial charges65€218€333▲
Profit (loss) for the period before taxes9903€1.07M€1.18M▲
Income taxes67/77€329k€335k▲
Profit (loss) for the period9904€741k€847k▲
Profit (loss) for the period to be appropriated9905€741k€847k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.25M€1.36M▲
Profit (loss) brought forward from the previous period14P€512k€512k=
Transfer from equity791/2€478k-
Transfer to equity691/2€741k€847k▲
To other reserves6921€741k€847k▲
Profit to be distributed694/7€478k-
Return on contributions (dividend)694€478k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156k | €167k | €161k | €155k | €168k | ▲ 8.2% |
| Other operating charges640/8 | - | €11k | €12k | €14k | €14k | ▲ 0.2% |
| Gross operating margin9900 | €1.40M | €1.62M | €1.06M | €1.13M | €1.10M | ▼ 2.7% |
| Operating profit (loss)9901 | €1.23M | €1.44M | €887k | €964k | €921k | ▼ 4.5% |
| Financial income75/76B | - | €18k | €58k | €106k | €261k | ▲ 147% |
| Recurring financial income75 | €59k | €18k | €58k | €101k | €261k | ▲ 158% |
| Non-recurring financial income76B | - | - | - | €5k | - | - |
| Financial charges65/66B | - | €20k | €29k | €218 | €333 | ▲ 52.6% |
| Recurring financial charges65 | €29k | €20k | €29k | €218 | €333 | ▲ 52.6% |
| Profit (loss) for the period before taxes9903 | €1.26M | €1.44M | €915k | €1.07M | €1.18M | ▲ 10.5% |
| Income taxes67/77 | €391k | €452k | €280k | €329k | €335k | ▲ 1.9% |
| Profit (loss) for the period9904 | €871k | €984k | €636k | €741k | €847k | ▲ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €871k | €984k | €636k | €741k | €847k | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.98M | €9.79M | €8.40M | €8.35M | €7.58M | ▼ 9.1% |
| Fixed assets21/28 | €3.32M | €3.45M | €3.56M | €3.41M | €3.37M | ▼ 1.2% |
| Tangible fixed assets22/27 | €3.32M | €3.45M | €3.56M | €3.41M | €3.37M | ▼ 1.2% |
| Land and buildings22 | - | €3.28M | €3.44M | €3.31M | €3.20M | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €151k | €116k | €83k | €55k | ▼ 34.0% |
| Furniture and vehicles24 | - | €12k | €5k | €6k | €107k | ▲ 1,599% |
| Other tangible fixed assets26 | - | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €5.65M | €6.34M | €4.84M | €4.93M | €4.21M | ▼ 14.6% |
| Amounts receivable within one year40/41 | €3.07M | €340k | €350k | €453k | €26k | ▼ 94.4% |
| Trade receivables40 | - | €23k | €5k | €10k | €6k | ▼ 40.2% |
| Other amounts receivable41 | - | €317k | €344k | €444k | €20k | ▼ 95.5% |
| Current investments50/53 | €2.04M | €5.76M | €4.47M | €4.43M | €4.18M | ▼ 5.8% |
| Cash at bank and in hand54/58 | €524k | €244k | €15k | €46k | €9k | ▼ 80.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €95 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.98M | €9.79M | €8.40M | €8.35M | €7.58M | ▼ 9.1% |
| Equity10/15 | €5.21M | €4.80M | €5.43M | €5.69M | €6.54M | ▲ 14.9% |
| Contributions10/11 | - | €30k | €30k | €30k | €30k | = |
| Reserves13 | €4.67M | €4.25M | €4.89M | €5.15M | €6.00M | ▲ 16.4% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | - | - |
| Distributable reserves133 | - | €4.25M | €4.89M | €5.15M | €6.00M | ▲ 16.5% |
| Profit (loss) carried forward14 | €512k | €512k | €512k | €512k | €512k | = |
| Amounts payable17/49 | €3.77M | €5.00M | €2.97M | €2.65M | €1.04M | ▼ 60.7% |
| Amounts payable within one year42/48 | €3.74M | €1.05M | €14k | €682k | €51k | ▼ 92.5% |
| Financial debts43 | - | €1.00M | - | - | - | - |
| Credit institutions430/8 | - | €1.00M | - | - | - | - |
| Trade debts44 | €1.87M | €2k | €9k | €8k | €9k | ▲ 14.3% |
| Suppliers440/4 | - | €2k | €9k | €8k | €9k | ▲ 14.3% |
| Taxes, remuneration and social security45 | - | €52k | €5k | €195k | €42k | ▼ 78.7% |
| Taxes450/3 | - | €52k | €5k | €195k | €42k | ▼ 78.7% |
| Other amounts payable47/48 | - | - | - | €478k | - | - |
| Accrued charges and deferred income492/3 | - | €3.94M | €2.96M | €1.97M | €991k | ▼ 49.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €871k | €984k | €636k | €741k | €847k | ▲ 14.3% |
| + Depreciation and write-downs630 | €156k | €167k | €161k | €155k | €168k | ▲ 8.2% |
| Operating cash flow (approximation) | €1.03M | €1.15M | €797k | €896k | €1.01M | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | €-294k | €-277k | €-3k | €-125k | ▼ 3,865% |
| Change in cash | - | €-281k | €-228k | €31k | €-37k | ▼ 221% |
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
05-08
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
04-11
State Gazette act
General meeting · Director resignation
Director reappointment · Board composition
23-05
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
30-04
Financial
Liquidity times 11current ratio 82.57
Current ratio from 7.24 to 82.57; short-term debt falls from €682k to €51k.
2024
02-12
State Gazette act
General meeting · Director appointment
Board composition · Board meeting
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
14-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
17-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
27-06
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
11-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Show earlier events
07-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
30-04
Financial
Liquidity times 56current ratio 338.61
Current ratio from 6.01 to 338.61; short-term debt falls from €1.05M to €14k.
30-04
Financial
Equity above €5MEq €5.43M ▲13.3%
5 profitable years in a row build equity to €5.43M.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-04
Financial
Highest result since 2019net €984k ▲12.9%
Operating result €1.44M, net result €984k, both a record.
30-04
Financial
Liquidity quadruplescurrent ratio 6.01
Current ratio from 1.51 to 6.01; short-term debt falls from €3.74M to €1.05M.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-04
Financial
Equity above €5MEq €5.21M ▲20.1%
3 profitable years in a row build equity to €5.21M.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
03-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Bonheiden
Ground area
1,407 m²
Building footprint
287 m²
Volume, LiDAR
2,289 m³
Parcel 12005D0210/00A002, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005D0210/00A002 | Flanders | 1,407 m² | 1 · 287 m² | 13.6 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.
Structure & network
Connections & network
10 connected companiesThis company
Company
Director
Shareholding
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Ownership & control
2 board mandatesSimilar companies · same sector, comparable size
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BE 0427.897.088
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BE 0875.222.189
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MARC GUNS
BE 0464.319.303
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Of 944 companies in sector 69203 we hold annual accounts for 660. 164 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
Founded16-06-2003
Fiscal year end30-04
Activities, NACEBEL 2025
69203Activities of company auditors
Scores and ratios are computed by Checked and are not a credit decision.