What does CREASULT do?

CREASULT is an engineering firm in Oostende. Private Limited, started on 30 October 2002, 1 establishment.

What is the address of CREASULT?

The registered office of CREASULT is located at Sleutelbloemlaan 2, 8400 Oostende.

Is CREASULT still active?

Yes. According to the CBE (29 October 2026) CREASULT is active, legal situation “Normale toestand”, started on 30 October 2002.

Is CREASULT registered on Peppol?

Yes, CREASULT is registered on the Peppol network with ID 0208:0478702423.

What is the enterprise number of CREASULT?

The enterprise number of CREASULT is BE0478702423.

When was CREASULT founded?

CREASULT was founded on 30 October 2002.

Who are the directors of CREASULT?

According to the 2025 annual accounts, the directors of CREASULT are: Nicolae Verborgh, Johan Verborgh, Alexander Verborgh, Erica Delrue.

Is CREASULT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 October 2002; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did CREASULT make in 2025?

CREASULT posted a profit after taxes of € 395,181 in financial year 2025.

What is the revenue of CREASULT?

As a small company, CREASULT is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 650,565.

CREASULT (Private Limited) - Oostende - BE0478702423

Dossier CREASULT, printed on 29 October 2026 from databakkes.be/en/0478702423/creasult. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

CREASULT from Oostende, company number BE0478702423, closed financial year 2025 with a result of € 395,181 after tax. For that financial year CREASULT recorded a gross margin of € 650,565 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 299,345 to € 395,181. 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 January 29, 2026.

What it is worth Growing

€ 1.4 million

▲ 40% vs 2024

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

Profit Growing

€ 395,181

▲ 32% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 285,314

▲ € 255,033 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 € 1.4 million.

People and assets in 2025

Wage cost

€ 63,981

▲ 84% 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

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 313,214

▼ 13% vs 2024

€ 65,735 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 2,508

▼ 74% vs 2024

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

Taxes

€ 91,961

▲ 5% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 169,871 Gross margin 2022: € 169,871 First fiscal year in the series	€ 222,091 Gross margin 2023: € 222,091 ▲ 31% vs 2022 (€ 169,871) Favourable step	€ 487,144 Gross margin 2024: € 487,144 ▲ 119% vs 2023 (€ 222,091) Favourable step	€ 650,565 Gross margin 2025: € 650,565 ▲ 34% vs 2024 (€ 487,144) Favourable step	▲ 34%
Profit after taxes	€ 117,602 Profit after taxes 2022: € 117,602 First fiscal year in the series	€ 139,614 Profit after taxes 2023: € 139,614 ▲ 19% vs 2022 (€ 117,602) Favourable step	€ 299,345 Profit after taxes 2024: € 299,345 ▲ 114% vs 2023 (€ 139,614) Favourable step	€ 395,181 Profit after taxes 2025: € 395,181 ▲ 32% vs 2024 (€ 299,345) Favourable step	▲ 32%
Equity	€ 648,141 Equity 2022: € 648,141 First fiscal year in the series	€ 787,755 Equity 2023: € 787,755 ▲ 22% vs 2022 (€ 648,141) Favourable step	€ 990,932 Equity 2024: € 990,932 ▲ 26% vs 2023 (€ 787,755) Favourable step	€ 1,386,113 Equity 2025: € 1,386,113 ▲ 40% vs 2024 (€ 990,932) Favourable step	▲ 40%
Total debts	€ 542,939 Total debts 2022: € 542,939 First fiscal year in the series	€ 748,279 Total debts 2023: € 748,279 ▲ 38% vs 2022 (€ 542,939) Unfavourable step	€ 907,883 Total debts 2024: € 907,883 ▲ 21% vs 2023 (€ 748,279) Unfavourable step	€ 550,588 Total debts 2025: € 550,588 ▼ 39% vs 2024 (€ 907,883) Favourable step	▼ 39%
Cash	€ 68,698 Cash 2022: € 68,698 First fiscal year in the series	€ 70,535 Cash 2023: € 70,535 ▲ 3% vs 2022 (€ 68,698) Favourable step	€ 30,280 Cash 2024: € 30,280 ▼ 57% vs 2023 (€ 70,535) Unfavourable step	€ 285,314 Cash 2025: € 285,314 ▲ € 255,033 vs 2024 (€ 30,280) Favourable step	▲ € 255,033
Land & buildings	-	€ 53,165 Land & buildings 2023: € 53,165 First fiscal year in the series	€ 109,085 Land & buildings 2024: € 109,085 ▲ 105% vs 2023 (€ 53,165) Unchanged	€ 109,085 Land & buildings 2025: € 109,085 Unchanged (€ 109,085) Unchanged
Retained profit	€ 629,541 Retained profit 2022: € 629,541 First fiscal year in the series	€ 769,155 Retained profit 2023: € 769,155 ▲ 22% vs 2022 (€ 629,541) Favourable step	€ 972,332 Retained profit 2024: € 972,332 ▲ 26% vs 2023 (€ 769,155) Favourable step	€ 1,367,513 Retained profit 2025: € 1,367,513 ▲ 41% vs 2024 (€ 972,332) Favourable step	▲ 41%
Dividend	€ 274,699 Dividend 2022: € 274,699 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 274,699) Unchanged	€ 96,168 Dividend 2024: € 96,168 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 96,168) Unchanged	▼ 100%
Bank debt	€ 179,407 Bank debt 2022: € 179,407 First fiscal year in the series	€ 230,605 Bank debt 2023: € 230,605 ▲ 29% vs 2022 (€ 179,407) Unfavourable step	€ 360,685 Bank debt 2024: € 360,685 ▲ 56% vs 2023 (€ 230,605) Unfavourable step	€ 313,214 Bank debt 2025: € 313,214 ▼ 13% vs 2024 (€ 360,685) Favourable step	▼ 13%
Balance sheet total	€ 1,191,080 Balance sheet total 2022: € 1,191,080 First fiscal year in the series	€ 1,536,034 Balance sheet total 2023: € 1,536,034 ▲ 29% vs 2022 (€ 1,191,080) Unchanged	€ 1,898,815 Balance sheet total 2024: € 1,898,815 ▲ 24% vs 2023 (€ 1,536,034) Unchanged	€ 1,936,701 Balance sheet total 2025: € 1,936,701 ▲ 2% vs 2024 (€ 1,898,815) Unchanged	▲ 2%

Key figures of CREASULT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to CREASULT?

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

Jan 29, 2026 New annual accounts for financial year 2025: profit of € 395,181 (▲ 32% vs 2024). Source: NBB ↗
2025 Nicolae Verborgh became a director. NBB
2025 Alexander Verborgh became a director. NBB
Nov 19, 2002 New establishment in Oostende. KBO
Oct 30, 2002 Start of the company according to the CBE. KBO
2002 Johan Verborgh became a director. NBB
2002 Erica Delrue became a director. NBB

In short

From € 117,602 profit in 2022 to € 395,181 profit in 2025.

Paid € 393,249 in corporate taxes since 2022.

Best year ever: 2025, with € 395,181 profit.

Paid out € 370,867 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Nicolae Verborgh

Johan Verborgh

Alexander Verborgh

Erica Delrue

CREASULT

Adelante BV 50%

Casa Due BV 45%

Basket@sea BV 16.7%

Behind CREASULT are Nicolae Verborgh, Johan Verborgh, Alexander Verborgh and Erica Delrue. It owns 50% of Adelante BV, 45% of Casa Due BV and 16.7% of Basket@sea BV itself.

Directors

According to the 2025 annual accounts

Nicolae Verborgh

Director

since 2025

Johan Verborgh

Director

Also active at: arQ | Architectuurstudio, arQ | ArchitectenStudio, ADELANTE, BASKET@SEA, BeNeLeague Basketball, CASA DUE, LA BRUGEOISE, DÔME@SEA

since 2002

Alexander Verborgh

Director

since 2025

Erica Delrue

Director

Also active at: ECONOMISCH HUIS OOSTENDE

since 2002

Establishments

Establishment units

Physical locations of this company

Registered office

Sleutelbloemlaan 2

8400 Oostende

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

Details

Company number

0478.702.423

VAT number

BE 0478.702.423

Registered office

Sleutelbloemlaan 2, 8400 Oostende

Names & denominations

CREASULT

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

30 October 2002

Peppol

Active · Active since 15 Jan 2025

Activities · NACE

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Technische studiën en ingenieursactiviteiten

Overige technische testen en toetsen

Technische testen en analyses

View on CBE Public ↗ Annual accounts (NBB) ↗

CREASULT

Financials

What happened to CREASULT?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions