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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CREA-IMMO from Estinnes, company number BE0786401170, closed financial year 2025 with a result of € 176 after tax. For that financial year CREA-IMMO recorded a gross margin of € 5,198 and equity of € -2,783. Compared with financial year 2024, the result moved from € -745 to € 176. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.
€ -2,783
▲ € 176 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 176
▲ still € 745 loss in 2024
Profit after tax over the fiscal year.
€ 3,206
▲ € 3,192 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -5,783.
Debts at end 2025
€ 90,790
Loans from banks and other lenders, long and short.
€ 581
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,242 | € -1,144 | € -316 | € 5,198 | ▲ € 5,514 |
| Profit after taxes | € -3,627 | € -1,588 | € -745 | € 176 | ▲ € 922 |
| Equity | € -627 | € -2,215 | € -2,960 | € -2,783 | ▲ € 176 |
| Total debts | € 1,520 | € 3,401 | € 7,665 | € 107,349 | ▲ € 99,684 |
| Cash | € 242 | € 352 | € 14 | € 3,206 | ▲ € 3,192 |
| Retained profit | € -3,627 | € -5,215 | € -5,960 | € -5,783 | ▲ € 176 |
| Bank debt | € 0 | € 0 | € 0 | € 90,790 | |
| Balance sheet total | € 893 | € 1,187 | € 4,705 | € 104,566 | ▲ € 99,860 |
Key figures of CREA-IMMO, 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 CREA-IMMO?
What happened at CREA-IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 176. filed late Source: NBB ↗
- New establishment in Thuin. KBO
- Nicolas KASAPOV became a director. NBB
- Luc MEREU became a director. NBB
- Morgane CLOESEN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,627 loss in 2022 to € 176 profit in 2025.
Best year ever: 2025, with € 176 profit.
Management
Behind CREA-IMMO are Nicolas KASAPOV, Luc MEREU and Morgane CLOESEN.
Directors
According to the 2025 annual accounts
Nicolas KASAPOV
Director
since 2022
Luc MEREU
Director
since 2022
Morgane CLOESEN
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Chaussée Brunehault(EMT) 58
7120 Estinnes
Rue de Broussetaille(BST) 28
6531 Thuin
Active since 19 May 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0786.401.170
- VAT number
- BE 0786.401.170
- Registered office
- Chaussée Brunehault(EMT) 58, 7120 Estinnes
- Names & denominations
- CREA-IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2022
- Peppol
- Active · Active since 24 Mar 2026
- Activities · NACE
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