Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CREYSELS from Wommelgem, company number BE0414355888, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year CREYSELS recorded a gross margin of € -12,415 and equity of € 17.1 million. Compared with financial year 2024, the result moved from € 164,999 to € 2.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 17.1 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ € 2.1 million vs 2024
Profit after tax over the fiscal year.
€ 2,908
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.1 million paid out
49 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 3.4 million
▲ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 2,178
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,145 | € -7,663 | € -6,386 | € -12,415 | ▼ € 6,028 |
| Profit after taxes | € 836,742 | € 707,004 | € 164,999 | € 2,219,135 | ▲ € 2.1 million |
| Equity | € 17,386,646 | € 16,928,762 | € 16,004,017 | € 17,125,151 | ▲ 7% |
| Total debts | € 6,034,768 | € 6,728,443 | € 7,824,434 | € 7,850,488 | |
| Cash | € 10,908 | € 2,244 | € 2,673 | € 2,908 | ▲ 9% |
| Retained profit | € 2,873,046 | € 2,415,162 | € 1,490,417 | € 2,611,551 | ▲ 75% |
| Dividend | € 0 | € 1,164,887 | € 1,089,745 | € 1,098,000 | ▲ 1% |
| Bank debt | € 3,135,000 | € 3,835,000 | € 2,695,000 | € 3,440,000 | ▲ 28% |
| Balance sheet total | € 23,421,414 | € 23,657,205 | € 23,828,451 | € 24,975,640 | ▲ 5% |
Key figures of CREYSELS, 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 CREYSELS?
What happened at CREYSELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.2 million (▲ € 2.1 million vs 2024). Source: NBB ↗
- Paul SELS became a director. NBB
- PETER SELS BV became a director. NBB
- STEFAN SELS BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Wommelgem. KBO
In short
From € 836,742 profit in 2022 to € 2.2 million profit in 2025.
Best year ever: 2025, with € 2.2 million profit.
Paid out € 3.4 million in dividends to the owners in total.
Management
Behind CREYSELS are Paul SELS, PETER SELS BV and STEFAN SELS BV. It owns 99.9% of Algemene Bouwonderneming Cogghe en Co. and 99.2% of Bouwprojecten Cogghe itself.
Directors
According to the 2025 annual accounts
since 2020
Managing director · represented by Peter SELS
Also active at: Algemene Bouwonderneming Cogghe en Cie, BOUWPROJECTEN COGGHE
since 2020
Managing director · represented by Stefan SELS
Also active at: Algemene Bouwonderneming Cogghe en Cie, BOUWPROJECTEN COGGHE
since 2020
Establishments
Establishment units
Physical locations of this company
Nijverheidsstraat 106
2160 Wommelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.355.888
- VAT number
- BE 0414.355.888
- Registered office
- Nijverheidsstraat 106, 2160 Wommelgem
- Names & denominations
- CREYSELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1974
- Peppol
- Not registered