ACTIVE

CREAL

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Financial year 2025 · closed on 31/12/2025

Net result

-49,3 k €

-161.3% YoY

Gross margin

329,4 k €

-31.1% YoY

Equity

918,4 k €

-13.6% YoY

Workforce

4,5 ETP

-8.2% YoY

What does CREAL do?

CREAL is a Public limited company incorporated in 1991. Its registered office is in Lommel. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.924.854

Incorporation

05/04/1991

Legal form

Public limited company

Registered office

Edward Anseelestraat 15
3920 Lommel · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

4,5 ETP

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	329,4 k €	-31.1%	478 k €	-31.4%	697,3 k €	+1.6%	686,2 k €	-9.2%	755,7 k €	+13.3%	667 k €	+10.5%	603,4 k €	-20.3%	756,8 k €	+15.1%	657,3 k €	+13.7%	578,1 k €	+2.6%	563,6 k €	+23.2%	457,3 k €	-13.7%	529,7 k €	-24.9%	705,1 k €	-11.2%	793,8 k €	-16.3%	948,6 k €	+5.4%	900,1 k €	+16.7%	771,3 k €	+12.8%	683,8 k €	+11.8%	611,4 k €
EBITDA	11 k €	-93.6%	172,3 k €	-32.0%	253,5 k €	+6.3%	238,5 k €	-7.6%	258,1 k €	+11.3%	231,9 k €	+51.4%	153,2 k €	-50.1%	307,1 k €	+131%	132,8 k €	+84.7%	71,9 k €	+7.9%	66,7 k €	-8.3%	72,7 k €	-20.4%	91,4 k €	+12.5%	81,3 k €	-33.8%	122,8 k €	-54.6%	270,5 k €	+9.1%	248 k €	+44.0%	172,2 k €	+21.4%	141,9 k €	+29.4%	109,7 k €
Operating result	-56,9 k €	-149%	116,8 k €	-41.0%	198 k €	+19.8%	165,3 k €	+42.7%	115,8 k €	-13.4%	133,7 k €	+408%	26,3 k €	-89.3%	246,6 k €	+258%	68,8 k €	+254%	19,4 k €	+37.0%	14,2 k €	-6.5%	15,2 k €	-42.8%	26,5 k €	+44238%	-60 €	-100%	28,1 k €	-78.7%	131,8 k €	+26.2%	104,5 k €	+51.4%	69 k €	+98.7%	34,7 k €	+236%	10,3 k €
Net result	-49,3 k €	-161%	80,3 k €	-45.7%	147,9 k €	+17.8%	125,5 k €	+44.9%	86,6 k €	-9.4%	95,6 k €	+242%	28 k €	-82.3%	157,6 k €	+286%	40,8 k €	+1084%	3,4 k €	-12.9%	4 k €	-8.3%	4,3 k €	+12.1%	3,8 k €	+138%	-10,1 k €	-218%	8,5 k €	-88.3%	72,9 k €	+23.2%	59,2 k €	+153%	23,4 k €	+343%	5,3 k €	+563%	798 €
Balance sheet
Equity	918,4 k €	-13.6%	1,1 M €	+5.2%	1 M €	-1.0%	1 M €	+14.0%	895,1 k €	+10.7%	808,5 k €	+13.4%	712,8 k €	+4.1%	684,9 k €	+29.9%	527,2 k €	+8.4%	486,4 k €	+0.7%	483 k €	+0.8%	479 k €	+0.9%	474,7 k €	+0.8%	470,9 k €	-2.1%	480,9 k €	+1.8%	472,4 k €	+15.1%	410,4 k €	+16.9%	351,2 k €	+7.1%	327,8 k €	+1.6%	322,5 k €
Total assets	1,2 M €	-9.4%	1,3 M €	-14.0%	1,6 M €	+6.3%	1,5 M €	+1.0%	1,5 M €	-13.5%	1,7 M €	+2.8%	1,6 M €	+11.4%	1,5 M €	+7.1%	1,4 M €	-7.1%	1,5 M €	-8.9%	1,6 M €	+21.2%	1,3 M €	-5.4%	1,4 M €	-18.6%	1,7 M €	+16.8%	1,5 M €	-4.9%	1,6 M €	+4.3%	1,5 M €	-11.7%	1,7 M €	+6.0%	1,6 M €	-3.4%	1,7 M €
Cash	168,9 k €	-28.1%	234,9 k €	-52.5%	494,2 k €	+42.8%	346,1 k €	+138%	145,2 k €	-32.3%	214,5 k €	+164%	81,2 k €	-44.6%	146,4 k €	+292%	37,3 k €	-78.7%	175,3 k €	+1277%	12,7 k €	-90.2%	129,7 k €	-16.6%	155,5 k €	+284%	40,5 k €	+2156%	1,8 k €	-99.4%	285,3 k €	+441%	52,7 k €	-53.4%	113,1 k €	+5890%	1,9 k €	-60.8%	4,8 k €
Debts	303,2 k €	+6.6%	284,4 k €	-48.8%	555,1 k €	+22.6%	452,8 k €	-19.6%	563,4 k €	-35.5%	874 k €	-5.4%	924,3 k €	+17.8%	784,5 k €	-7.0%	843,1 k €	-14.9%	990,3 k €	-13.0%	1,1 M €	+32.9%	857,1 k €	-8.7%	939 k €	-26.0%	1,3 M €	+25.9%	1 M €	+1.8%	990,3 k €	-9.1%	1,1 M €	-19.3%	1,3 M €	+5.9%	1,3 M €	-4.8%	1,3 M €
Other
Workforce	4,5 ETP	-8.2%	4,9 ETP	-34.7%	7,5 ETP	-11.8%	8,5 ETP	-5.6%	9,0 ETP	+11.1%	8,1 ETP	-15.6%	9,6 ETP	-2.0%	9,8 ETP	-6.7%	10,5 ETP	-7.1%	11,3 ETP	+5.6%	10,7 ETP	+9.2%	9,8 ETP	-3.0%	10,1 ETP	-25.7%	13,6 ETP	-12.3%	15,5 ETP	+1.3%	15,3 ETP	+2.7%	14,9 ETP	+5.7%	14,1 ETP	+11.9%	12,6 ETP	+16.7%	10,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

HERMAN SWINGS

Managing director

Active

Jozef Custers

Director

Active

Ludovicus Janssens

Director

Active

Ended mandates

Herman Swings

Managing director · since 31 mai 2022

Ended

Jozef Custers

Director · since 31 mai 2022

Ended

Ludovicus Janssens

Director · since 31 mai 2022

Ended

HERMAN SWINGS

Managing director · since 31 mai 2016 · until 31 mai 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/08/2026	30/06/2025	28/06/2024	23/07/2023	26/07/2022	26/07/2021
General meeting	31/05/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/05/2026	19/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	23/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/05/2020	21/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	18/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	22/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	05/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	31/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

HERMAN SWINGS

Managing director

Active

Jozef Custers

Director

Active

Ludovicus Janssens

Director

Active

Ended mandates

Herman Swings

Managing director · since 31 mai 2022

Ended

Jozef Custers

Director · since 31 mai 2022

Ended

Ludovicus Janssens

Director · since 31 mai 2022

Ended

HERMAN SWINGS

Managing director · since 31 mai 2016 · until 31 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2010
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-49,3 k €↓
2024
Annual accounts 202480,3 k €↓
2023
Annual accounts 2023147,9 k €↑
2022
Annual accounts 2022125,5 k €↑
2021
Annual accounts 202186,6 k €↓
2020
Annual accounts 202095,6 k €↑
2019
Annual accounts 201928 k €↓
2018
Annual accounts 2018157,6 k €↑
2017
Annual accounts 201740,8 k €↑
2016
Annual accounts 20163,4 k €↓
2015
Annual accounts 20154 k €↓
2014
Annual accounts 20144,3 k €↑
2013
Annual accounts 20133,8 k €↑
2012
Annual accounts 2012-10,1 k €↓
2011
Annual accounts 20118,5 k €↓
2010
Annual accounts 201072,9 k €↑
2009
Annual accounts 200959,2 k €↑
2008
Annual accounts 200823,4 k €↑
2007
Annual accounts 20075,3 k €↑
2006
Annual accounts 2006798 €
05/04/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CREAL

Overview

What does CREAL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline