Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.9 to 3.6.
Financials
Financial year 2025
CREAGORA from Namur, company number BE0847167217, closed financial year 2025 with a result of € 86,139 after tax. For that financial year CREAGORA recorded revenue of € 1.7 million and equity of € 5.9 million. Compared with financial year 2024, the result moved from € 32,417 to € 86,139. 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 July 3, 2026.
€ 5.9 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,139
▲ 166% vs 2024
Profit after tax over the fiscal year.
€ 250,490
▼ 30% 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 € -191,097.
People and assets in 2025
3.6
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 208,623
▲ 7% vs 2024
€ 58,000 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.
€ 226,772
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.8 million
▼ 5% vs 2024
€ 166,031 is repaid this year. At this pace the long-term loan is gone in ≈ 46 years.
€ 96,906
Supplier invoices still open on the last day of the fiscal year.
€ 210,787
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,742,154 | € 1,656,065 | € 1,670,062 | € 1,729,310 | ▲ 4% |
| Gross margin | € 1,083,409 | € 1,053,710 | € 1,042,833 | € 1,095,193 | ▲ 5% |
| Profit after taxes | € -11,750 | € -7,718 | € 32,417 | € 86,139 | ▲ 166% |
| Equity | € 5,758,064 | € 5,750,347 | € 5,782,764 | € 5,868,903 | ▲ 1% |
| Total debts | € 9,280,818 | € 8,876,053 | € 8,527,892 | € 8,112,933 | ▼ 5% |
| Cash | € 812,212 | € 1,033,716 | € 357,422 | € 250,490 | ▼ 30% |
| Land & buildings | € 13,582,875 | € 13,202,201 | € 12,840,667 | € 12,820,752 | |
| Retained profit | € -301,936 | € -309,653 | € -277,236 | € -191,097 | ▲ € 86,139 |
| Bank debt | € 9,004,180 | € 8,607,369 | € 8,207,592 | € 7,804,649 | ▼ 5% |
| Balance sheet total | € 15,038,882 | € 14,626,400 | € 14,327,115 | € 13,981,836 | ▼ 2% |
| Employees (FTE) | 6.8 | 5.9 | 5 | 3.6 | ▼ 1.4 |
Key figures of CREAGORA, 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 CREAGORA?
What happened at CREAGORA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GEORGES GILKINET stepped down as director. NBB
- FREDDY CARPENTIER stepped down as director. NBB
- JEAN-PAUL KNAEPEN stepped down as director. NBB
- NICOLAS DION stepped down as director. NBB
- JEAN-MARC RICHARD stepped down as director. NBB
- CHRISTINE FRANCKX stepped down as director. NBB
- LUC HERICKX stepped down as director. NBB
- BENOIT DEMANET stepped down as director. NBB
In short
From € 11,750 loss in 2022 to € 86,139 profit in 2025.
Paid € 228 in corporate taxes since 2022.
Best year ever: 2025, with € 86,139 profit.
On average € 304,200 of value added per employee in 2025.
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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 shares are held by MC INNOVACTIONS, MC PATRIMOINE, MC ASSURE and PERMANENCE SOINS A DOMICILE.
Directors
According to the 2025 annual accounts
FREDDY CARPENTIER
Director
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
GEORGES GILKINET
Director
Also active at: Nationaal Hulpfonds-Fonds National d'Entraide, MC INNOVACTIONS, UNESSA
since 2026 · until 2032
since 2024 · until 2030
CHRISTINE FRANCKX
Director
since 2024 · until 2030
ALEXANDRE VERHAMME
Director
Also active at: Solival asbl, QUALIAS, MC PATRIMOINE, MC INNOVACTIONS, UNESSA, HMC BY QUALIAS
since 2024 · until 2026
LUC HERICKX
Chairman of the board
Also active at: Nationaal Hulpfonds-Fonds National d'Entraide, Don Bosco Ganshoren, MC INNOVACTIONS
since 2024 · until 2030
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Fernelmont(CH) 40-42
5020 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
CBLUE-AS, BE
DNS
AWS Route 53
Website info
Features
Security
Details
- Company number
- 0847.167.217
- VAT number
- BE 0847.167.217
- Registered office
- Rue de Fernelmont(CH) 40-42, 5020 Namur
- Names & denominations
- CREAGORA · SCES agréée CREAGORA
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 5 July 2012
- Peppol
- Active · Active since 13 Feb 2025
- Contact
- creagora.be
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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