CRETES is a machinery manufacturer in Wevelgem. Public Limited, started on 3 May 1972, 1 establishment.

What is the address of CRETES?

The registered office of CRETES is located at Bissegemstraat 169, 8560 Wevelgem.

Is CRETES still active?

Yes. According to the CBE (29 October 2026) CRETES is active, legal situation “Normale toestand”, started on 3 May 1972.

Is CRETES registered on Peppol?

Yes, CRETES is registered on the Peppol network with ID 0208:0412423610.

What is the enterprise number of CRETES?

The enterprise number of CRETES is BE0412423610.

When was CRETES founded?

CRETES was founded on 3 May 1972.

Who are the directors of CRETES?

According to the 2025 annual accounts, the directors of CRETES are: VPSI BV, Edward Vandeputte BV, Valtech NV, The Coaching Loop BV.

Is CRETES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 3 May 1972; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did CRETES make in 2025?

CRETES posted a profit after taxes of € 303,794 in financial year 2025.

What is the revenue of CRETES?

As a small company, CRETES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,981,524.

How much does an employee at CRETES earn?

The average wage cost per full-time employee at CRETES was € 105,900 in 2025: staff costs of € 2.8 million for 26.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CRETES have?

According to the 2025 annual accounts, CRETES has 26.9 full-time equivalents (FTE).

Does CRETES have a website?

Yes, CRETES has a website at cretes.be.

CRETES (Public Limited) - Wevelgem - BE0412423610

Dossier CRETES, printed on 29 October 2026 from databakkes.be/en/0412423610/cretes. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

CRETES from Wevelgem, company number BE0412423610, closed financial year 2025 with a result of € 303,794 after tax. For that financial year CRETES recorded a gross margin of € 4 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 85,037 to € 303,794. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.

What it is worth Growing

€ 1.5 million

▲ 26% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 303,794

▲ 257% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 0

▼ 100% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 508,652.

People and assets in 2025

Full-time equivalents

26.9

▼ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 2.8 million

▲ 31% vs 2024

€ 105,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 359,406

▼ 19% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 557,338

▼ 33% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 318,249

▼ 11% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,737,532 Gross margin 2022: € 2,737,532 First fiscal year in the series	€ 2,610,887 Gross margin 2023: € 2,610,887 ▼ 5% vs 2022 (€ 2,737,532) Unfavourable step	€ 2,631,122 Gross margin 2024: € 2,631,122 ▲ 1% vs 2023 (€ 2,610,887) Favourable step	€ 3,981,524 Gross margin 2025: € 3,981,524 ▲ 51% vs 2024 (€ 2,631,122) Favourable step	▲ 51%
Profit after taxes	€ 708,858 Profit after taxes 2022: € 708,858 First fiscal year in the series	€ 5,862 Profit after taxes 2023: € 5,862 ▼ 99% vs 2022 (€ 708,858) Unfavourable step	€ 85,037 Profit after taxes 2024: € 85,037 ▲ € 79,175 vs 2023 (€ 5,862) Favourable step	€ 303,794 Profit after taxes 2025: € 303,794 ▲ 257% vs 2024 (€ 85,037) Favourable step	▲ 257%
Equity	€ 1,059,603 Equity 2022: € 1,059,603 First fiscal year in the series	€ 1,064,978 Equity 2023: € 1,064,978 ▲ 1% vs 2022 (€ 1,059,603) Favourable step	€ 1,149,528 Equity 2024: € 1,149,528 ▲ 8% vs 2023 (€ 1,064,978) Favourable step	€ 1,452,713 Equity 2025: € 1,452,713 ▲ 26% vs 2024 (€ 1,149,528) Favourable step	▲ 26%
Total debts	€ 6,810,013 Total debts 2022: € 6,810,013 First fiscal year in the series	€ 5,920,197 Total debts 2023: € 5,920,197 ▼ 13% vs 2022 (€ 6,810,013) Favourable step	€ 5,011,415 Total debts 2024: € 5,011,415 ▼ 15% vs 2023 (€ 5,920,197) Favourable step	€ 8,641,231 Total debts 2025: € 8,641,231 ▲ 72% vs 2024 (€ 5,011,415) Unfavourable step	▲ 72%
Cash	€ 2,745,885 Cash 2022: € 2,745,885 First fiscal year in the series	€ 242,678 Cash 2023: € 242,678 ▼ 91% vs 2022 (€ 2,745,885) Unfavourable step	€ 252,376 Cash 2024: € 252,376 ▲ 4% vs 2023 (€ 242,678) Favourable step	€ 0 Cash 2025: € 0 ▼ 100% vs 2024 (€ 252,376) Unfavourable step	▼ 100%
Land & buildings	€ 210,582 Land & buildings 2022: € 210,582 First fiscal year in the series	€ 506,490 Land & buildings 2023: € 506,490 ▲ 141% vs 2022 (€ 210,582) Unchanged	€ 463,161 Land & buildings 2024: € 463,161 ▼ 9% vs 2023 (€ 506,490) Unchanged	€ 430,087 Land & buildings 2025: € 430,087 ▼ 7% vs 2024 (€ 463,161) Unchanged	▼ 7%
Retained profit	€ 113,959 Retained profit 2022: € 113,959 First fiscal year in the series	€ 119,821 Retained profit 2023: € 119,821 ▲ 5% vs 2022 (€ 113,959) Favourable step	€ 204,858 Retained profit 2024: € 204,858 ▲ 71% vs 2023 (€ 119,821) Favourable step	€ 508,652 Retained profit 2025: € 508,652 ▲ 148% vs 2024 (€ 204,858) Favourable step	▲ 148%
Dividend	€ 708,280 Dividend 2022: € 708,280 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 708,280) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 8,025,718 Balance sheet total 2022: € 8,025,718 First fiscal year in the series	€ 7,175,824 Balance sheet total 2023: € 7,175,824 ▼ 11% vs 2022 (€ 8,025,718) Unchanged	€ 6,331,705 Balance sheet total 2024: € 6,331,705 ▼ 12% vs 2023 (€ 7,175,824) Unchanged	€ 10,251,600 Balance sheet total 2025: € 10,251,600 ▲ 62% vs 2024 (€ 6,331,705) Unchanged	▲ 62%
Employees (FTE)	31.4 Employees (FTE) 2022: 31.4 First fiscal year in the series	28.7 Employees (FTE) 2023: 28.7 ▼ 2.7 vs 2022 (31.4) Unchanged	27.3 Employees (FTE) 2024: 27.3 ▼ 1.4 vs 2023 (28.7) Unchanged	26.9 Employees (FTE) 2025: 26.9 ▼ 0.4 vs 2024 (27.3) Unchanged	▼ 0.4

Key figures of CRETES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to CRETES?

What happened at CRETES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 Edward Vandeputte BV stepped down as director. NBB
2027 Valtech NV stepped down as director. NBB
2027 The Coaching Loop BV stepped down as director. NBB
Jul 20, 2026 New annual accounts for financial year 2025: profit of € 303,794 (▲ 257% vs 2024). Source: NBB ↗
2025 VPSI BV stepped down as director. NBB
2022 VPSI BV became a director. NBB
2022 Edward Vandeputte BV became a director. NBB
2022 Valtech NV became a director. NBB

In short

From € 708,858 profit in 2022 to € 303,794 profit in 2025.

Paid € 209,185 in corporate taxes since 2022.

Best year ever: 2022, with € 708,858 profit.

On average € 148,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

VALTECH 100%

The stake of VALTECH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CRETES

The shares are held by VALTECH (100%).

Directors

According to the 2025 annual accounts

VPSI BV

Director · represented by Dirk Van Puyvelde

Also active at: Union

since 2022 · until 2025

Edward Vandeputte BV

Director · represented by Edward Vandeputte

Also active at: VALVAN, VALTECH

since 2022 · until 2027

Valtech NV

Managing director · represented by Peter Vandeputte

Also active at: Union, Redeltrans, CRETEN - BELGIUM, BARDOEL, ANZIPLAST, L.V.C., RENTEC, BARDOEL TRANSPORT +20 more

since 2022 · until 2027

The Coaching Loop BV

Managing director · represented by Frank Vandeputte

Also active at: Union, CRETEN - BELGIUM, BARDOEL, ANZIPLAST, L.V.C., RENTEC, ALLHYDRO, HAECK SUBCONTRACTING +11 more

since 2022 · until 2027

Shareholders

VALTECH

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Bissegemstraat 169

8560 Wevelgem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS cretes.be

Canonical: https://www.cretes.be/nl

Technologies

Google MapsGoogle Tag ManagerNginxSlicklazysizesreCAPTCHA

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Domain

cretes.be

Registered

2013-01-30

Website info

HTTPS Ja

Languages EN, FR, NL

Features

Newsletter Ads

Security

✓ HTTPS

✓ SPF

✓ DMARC

Details

Company number

0412.423.610

VAT number

BE 0412.423.610

Registered office

Bissegemstraat 169, 8560 Wevelgem

Names & denominations

CRETES

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

3 May 1972

Peppol

Active · Active since 1 Jan 2001

Contact

cretes.be

Activities · NACE

Vervaardiging van andere machines voor specifieke doeleinden neg

Vervaardiging van machines voor de productie van textiel, kleding en leer

View on CBE Public ↗ Annual accounts (NBB) ↗

CRETES

Warning lights

Financials

What happened to CRETES?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Details

Frequently asked questions