Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Creax from Kortrijk, company number BE0810607620, closed financial year 2025 with a result of € -355,261 after tax. For that financial year Creax recorded a gross margin of € 1.4 million and equity of € -371,397. Compared with financial year 2024, the result moved from € -689,590 to € -355,261. The company made a loss. 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 July 14, 2026.
€ -371,397
▼ € 355,261 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -355,261
▲ 48 % less loss than in 2024
Profit after tax over the fiscal year.
€ 60,809
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -436,397.
People and assets in 2025
13.4
▼ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 4% vs 2024
€ 101,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 95,595
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.8 million
▲ 39% vs 2024
€ 371,870 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 377,429
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 217,214
▼ 73% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,580,291 | € 1,783,076 | € 1,286,947 | € 1,401,746 | ▲ 9% |
| Profit after taxes | € 24,277 | € -21,185 | € -689,590 | € -355,261 | ▲ € 334,330 |
| Equity | € 694,639 | € 673,454 | € -16,136 | € -371,397 | ▼ € 355,261 |
| Total debts | € 2,016,405 | € 2,438,839 | € 3,136,066 | € 3,526,149 | ▲ 12% |
| Cash | € 71,280 | € 6,309 | € 67,895 | € 60,809 | ▼ 10% |
| Land & buildings | € 880,433 | € 1,248,407 | € 1,489,497 | € 1,440,567 | ▼ 3% |
| Retained profit | € 629,639 | € 608,454 | € -81,136 | € -436,397 | ▼ € 355,261 |
| Bank debt | € 1,336,081 | € 1,593,925 | € 2,015,433 | € 2,811,141 | ▲ 39% |
| Balance sheet total | € 2,711,044 | € 3,112,294 | € 3,119,930 | € 3,154,752 | ▲ 1% |
| Employees (FTE) | 16 | 16.4 | 16.4 | 13.4 | ▼ 3 |
Key figures of Creax, 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 Creax?
What happened at Creax in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MMEC BV stepped down as director. NBB
- T.I.P.P. BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 355,261. Source: NBB ↗
- MMEC BV became a director. NBB
- T.I.P.P. BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Kortrijk. KBO
In short
From € 24,277 profit in 2022 to € 355,261 loss in 2025.
Paid € 16,851 in corporate taxes since 2022.
Best year ever: 2022, with € 24,277 profit.
On average € 104,600 of value added per employee in 2025.
A new publication or filing at Creax? We notify you, reason included.
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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
The stake of MMEC, Technology Driven Products & Processes comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CreaxThe shares are held by MMEC (58.9%) and Technology Driven Products & Processes (41.1%).
Directors
According to the 2025 annual accounts
since 2011 · until 2030
since 2011 · until 2030
Shareholders
58.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartstraat(Kor) 130
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
creax.com
Registered
1999-12-29
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-12-29
Website info
Features
Security
Network
Details
- Company number
- 0810.607.620
- VAT number
- BE 0810.607.620
- Registered office
- Vaartstraat(Kor) 130, 8500 Kortrijk
- Names & denominations
- Creax
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2009
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- creax.com
- Activities · NACE
Markt- en opinieonderzoek
Overige vormen van onderwijs
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
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Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Adviesbureaus op het gebied van public relations en communicatie