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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CREAWORK from Liège, company number BE0887501795, closed financial year 2025 with a result of € -4,967 after tax. For that financial year CREAWORK recorded a gross margin of € -1,994 and equity of € -141,731. Compared with financial year 2024, the result moved from € -5,874 to € -4,967. 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 June 30, 2026.
€ -141,731
▼ € 4,967 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,967
▲ 15 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10,416
▲ € 10,326 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -162,136.
Debts at end 2025
€ 8,348
▼ 85% vs 2024
Loans from banks and other lenders, long and short.
€ 44,095
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 326,475 | € 2,419 | € -2,177 | € -1,994 | ▲ € 183 |
| Profit after taxes | € -153,779 | € -34,032 | € -5,874 | € -4,967 | ▲ € 907 |
| Equity | € -96,859 | € -130,890 | € -136,764 | € -141,731 | ▼ € 4,967 |
| Total debts | € 592,904 | € 222,236 | € 156,204 | € 165,511 | ▲ 6% |
| Cash | € 4,560 | € 1,800 | € 90 | € 10,416 | ▲ € 10,326 |
| Retained profit | € -115,409 | € -151,295 | € -157,169 | € -162,136 | ▼ € 4,967 |
| Bank debt | € 194,288 | € 117,780 | € 57,004 | € 8,348 | ▼ 85% |
| Balance sheet total | € 496,045 | € 91,345 | € 19,440 | € 23,780 | ▲ 22% |
| Employees (FTE) | 11 | - | - | - |
Key figures of CREAWORK, 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 CREAWORK?
What happened at CREAWORK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,967. Source: NBB ↗
- BEJOY SPRL became a director. NBB
- André MARTIN became a director. NBB
- Roger GEHLEN became a director. NBB
- ARPG Management SRL became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 153,779 loss in 2022 to € 4,967 loss in 2025.
Paid € 106 in corporate taxes since 2022.
On average € 29,700 of value added per employee in 2022.
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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 ARPG Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CREAWORKBehind CREAWORK are BEJOY SPRL, André MARTIN, Roger GEHLEN and ARPG Management SRL. The shares are held by ARPG Management (94%).
Directors
According to the 2025 annual accounts
since 2023
André MARTIN
Administrateur
since 2023
Roger GEHLEN
Administrateur
Also active at: GEHLEN IMMO, COVEBAT, G-Bois, Société Internationale de Travaux Publics, ROGER GEHLEN, SERBI, ARDENNE RAILS, GEFOR +23 more
since 2023
Administrateur · represented by Roger GEHLEN
Also active at: ENTREPRISE J. DEFLANDRE & FILS
since 2023
Shareholders
94%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Charbonnage 21
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0887.501.795
- VAT number
- BE 0887.501.795
- Registered office
- Rue du Charbonnage 21, 4020 Liège
- Names & denominations
- CREAWORK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2007
- Peppol
- Active · Active since 10 Sept 2025
- Contact
- 080/678352
- Activities · NACE
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