Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KREATHERM from Herzele, company number BE0440090285, closed financial year 2025 with a result of € -25,680 after tax. For that financial year KREATHERM recorded a gross margin of € 4,873 and equity of € 126,871. Compared with financial year 2024, the result moved from € -224 to € -25,680. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 126,871
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,680
▼ 11359 % more loss than in 2024
Profit after tax over the fiscal year.
€ 18,087
▲ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 120,266.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 25,317
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 16,081
▲ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,921
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,646 | € 6,884 | € 31,301 | € 4,873 | ▼ 84% |
| Profit after taxes | € -6,720 | € -23,947 | € -224 | € -25,680 | ▼ € 25,456 |
| Equity | € 176,723 | € 152,776 | € 152,551 | € 126,871 | ▼ 17% |
| Total debts | € 138,475 | € 123,380 | € 119,932 | € 143,101 | ▲ 19% |
| Cash | € 27,108 | € 4,036 | € 13,728 | € 18,087 | ▲ 32% |
| Land & buildings | € 73,933 | € 73,779 | € 73,626 | € 73,473 | |
| Retained profit | € 170,117 | € 146,170 | € 145,946 | € 120,266 | ▼ 18% |
| Bank debt | € 50,000 | € 50,000 | € 0 | € 0 | |
| Balance sheet total | € 315,197 | € 276,156 | € 272,484 | € 269,972 | ▼ 1% |
Key figures of KREATHERM, 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 KREATHERM?
What happened at KREATHERM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,680. Source: NBB ↗
- New establishment in Herzele. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,720 loss in 2022 to € 25,680 loss in 2025.
Paid € 896 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KREATHERM is Stephan Ceulebroeck.
Directors
According to the 2025 annual accounts
Stephan Ceulebroeck
Director
Establishments
Establishment units
Physical locations of this company
Holbeekstraat 3
9550 Herzele
Holbeekstraat 6
9550 Herzele
Active since 2 April 1990
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0440.090.285
- VAT number
- BE 0440.090.285
- Registered office
- Holbeekstraat 3, 9550 Herzele
- Names & denominations
- KREATHERM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1990
- Peppol
- Active · Active since 3 Dec 2025
- Contact
- kreatherm.be
- Activities · NACE
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Groothandel in loodgietersmateriaal en verwarmingsinstallaties
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.
Handelsbemiddeling in de groothandel in andere specifieke goederen
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.
Overig loodgieterswerk
Installatie van verwarming, klimaatregeling en ventilatie
Elektrische installatie
+4