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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CREFOREX from Braine-l'Alleud, company number BE0690940797, closed financial year 2025 with a result of € -8,840 after tax. For that financial year CREFOREX recorded a gross margin of € 9,816 and equity of € 21,633. Compared with financial year 2024, the result moved from € 4,445 to € -8,840. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 21,633
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,840
▼ still € 4,445 profit in 2024
Profit after tax over the fiscal year.
€ 6,735
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3,033.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 8,704
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 4,205
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 234,621
▼ 4% vs 2024
€ 11,531 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 5,113
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,876
▼ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,869 | € 34,576 | € 36,507 | € 9,816 | ▼ 73% |
| Profit after taxes | € 1,979 | € 3,981 | € 4,445 | € -8,840 | ▼ € 13,285 |
| Equity | € 22,047 | € 26,029 | € 30,473 | € 21,633 | ▼ 29% |
| Total debts | € 357,123 | € 328,489 | € 327,722 | € 287,562 | ▼ 12% |
| Cash | € 3,357 | € 3,409 | € 18,038 | € 6,735 | ▼ 63% |
| Land & buildings | € 218,861 | € 278,786 | € 267,634 | € 256,482 | ▼ 4% |
| Retained profit | € 3,447 | € 7,429 | € 11,873 | € 3,033 | ▼ 74% |
| Bank debt | € 259,471 | € 250,284 | € 244,807 | € 234,621 | ▼ 4% |
| Balance sheet total | € 379,170 | € 354,518 | € 358,195 | € 309,195 | ▼ 14% |
Key figures of CREFOREX, 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 CREFOREX?
What happened at CREFOREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,840 (▼ € 13,285 vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Braine-le-Château. KBO
In short
From € 1,979 profit in 2022 to € 8,840 loss in 2025.
Paid € 3,691 in corporate taxes since 2022.
Best year ever: 2024, with € 4,445 profit.
Management
Behind CREFOREX is Maxime MASSART.
Directors
According to the 2025 annual accounts
Maxime MASSART
Director
Establishments
Establishment units
Physical locations of this company
Ch de Vieux Genappe 15
1420 Braine-l'Alleud
Rue des Comtes de Robiano 25
1440 Braine-le-Château
Active since 26 February 2018
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
one.com Mail
Hosting
O2SWITCH, FR
Domain
Domain
creforex.com
Registered
2022-03-07
Registrar
One.com A/S
Expires
2027-03-07
Website info
Features
Security
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- MASSART Maxime Daniel Patrick Georges Emile(oprichter) 100%
Details
- Company number
- 0690.940.797
- VAT number
- BE 0690.940.797
- Registered office
- Ch de Vieux Genappe 15, 1420 Braine-l'Alleud
- Names & denominations
- CREFOREX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2018
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- creforex.com [email protected]
- Activities · NACE
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