ACTIVE

CREADIV

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Financial year 2025 · closed on 31/12/2025

Net result

5 M €

+2.7% YoY

Gross margin

-769,4 k €

-121.3% YoY

Equity

86,2 M €

+2.6% YoY

What does CREADIV do?

CREADIV is a Public limited company incorporated in 2000. Its main activity is: Activities of holding companies. Its registered office is in Lubbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.812.840

Incorporation

20/09/2000

Legal form

Public limited company

Registered office

Diestsesteenweg(LIN) 126
3210 Lubbeek · FlandreSee on map

Contributed capital

59 097 021,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 35110Production of electricity 35110Production of electricity 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	-769,4 k €	-121%	-347,6 k €	-203%	-114,7 k €	-205%	-37,6 k €	-637%	7 k €	-10.8%	7,8 k €	+111%	-74,4 k €	+29.8%	-105,9 k €	-45.5%	-72,7 k €	-7.7%	-67,6 k €	-8.8%	-62,1 k €	-0.3%	-61,9 k €	+12.5%	-70,8 k €	-20.0%	-58,9 k €	-2.1%	-57,7 k €	-2.8%	-56,1 k €	-0.4%	-55,9 k €	-17.1%	-47,7 k €	-5.8%	-45,1 k €
EBITDA	-770,4 k €	-112%	-362,7 k €	-195%	-123,1 k €	-179%	-44,1 k €	-2029%	2,3 k €	-67.3%	7 k €	+109%	-75,2 k €	+29.5%	-106,7 k €	-45.0%	-73,6 k €	+3.4%	-76,2 k €	-8.1%	-70,5 k €	+0.4%	-70,7 k €	+0.0%	-70,8 k €	-20.0%	-58,9 k €	-2.1%	-57,7 k €	-2.8%	-56,1 k €	-0.4%	-55,9 k €	-17.1%	-47,7 k €	-5.8%	-45,1 k €
Operating result	-770,4 k €	-112%	-362,7 k €	-195%	-123,1 k €	-179%	-44,1 k €	-2029%	2,3 k €	-67.3%	7 k €	+109%	-75,2 k €	+29.5%	-106,7 k €	-45.0%	-73,6 k €	+3.4%	-76,2 k €	-8.1%	-70,5 k €	+0.4%	-70,7 k €	+0.0%	-70,8 k €	-20.0%	-58,9 k €	-2.1%	-57,7 k €	-2.8%	-56,1 k €	-0.4%	-55,9 k €	-17.1%	-47,7 k €	-5.8%	-45,1 k €
Net result	5 M €	+2.7%	4,9 M €	+68.0%	2,9 M €	+12.9%	2,6 M €	-1.9%	2,6 M €	+26.8%	2,1 M €	-5.0%	2,2 M €	+22.2%	1,8 M €	-21.2%	2,3 M €	+63.0%	1,4 M €	-12.7%	1,6 M €	+158%	615,1 k €	-23.0%	798,9 k €	+39.3%	573,6 k €	-89.7%	5,6 M €	+1881%	280,7 k €	-48.6%	545,6 k €	+56.4%	348,8 k €	+82.9%	190,7 k €
Balance sheet
Equity	86,2 M €	+2.6%	84 M €	+72.4%	48,7 M €	-1.2%	49,3 M €	-1.7%	50,2 M €	-1.5%	51 M €	-1.0%	51,5 M €	-0.7%	51,9 M €	+0.5%	51,6 M €	+1.5%	50,9 M €	-1.6%	51,7 M €	+0.8%	51,3 M €	-1.1%	51,8 M €	-0.8%	52,2 M €	+112%	24,6 M €	+25.2%	19,7 M €	-0.1%	19,7 M €	+1.3%	19,4 M €	+0.3%	19,4 M €
Total assets	87,1 M €	+2.4%	85 M €	+71.7%	49,5 M €	-1.0%	50 M €	-1.7%	50,9 M €	-1.2%	51,5 M €	-1.0%	52 M €	-2.7%	53,4 M €	+0.6%	53,1 M €	+0.1%	53,1 M €	+0.4%	52,9 M €	+0.7%	52,5 M €	-1.1%	53 M €	+0.3%	52,9 M €	+109%	25,2 M €	+26.3%	20 M €	-0.1%	20 M €	+1.1%	19,8 M €	+2.0%	19,4 M €
Cash	27,7 k €	-78.2%	127,3 k €	+254%	36 k €	-98.1%	1,9 M €	-45.8%	3,5 M €	+34.8%	2,6 M €	-36.7%	4,1 M €	+24.9%	3,3 M €	+90.0%	1,7 M €	+372%	363,9 k €	+640%	49,2 k €	-67.2%	149,8 k €	+81.4%	82,6 k €	-4.6%	86,5 k €	-98.7%	6,5 M €	+1891%	324,2 k €	+170%	120 k €	+46.3%	82 k €	+558%	12,5 k €
Debts	869,1 k €	-13.6%	1 M €	+30.0%	774,5 k €	+8.5%	713,8 k €	+2.2%	698,7 k €	+31.9%	529,6 k €	+1.1%	524,1 k €	-66.8%	1,6 M €	+5.7%	1,5 M €	-32.0%	2,2 M €	+83.9%	1,2 M €	0.0%	1,2 M €	-0.5%	1,2 M €	+92.3%	625,3 k €	+3.4%	604,8 k €	+97.8%	305,7 k €	+1.0%	302,6 k €	-8.3%	330,1 k €		–

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 16 active · 51 ended

Active mandates

Bert De Wit

Director · since 09 mai 2025 · until 09 mai 2031

Active

Didier REYNAERTS

Vice-chairman of the board of directors · since 09 mai 2025 · until 09 mai 2031

Active

Filip Charlier

Director · since 09 mai 2025 · until 09 mai 2031

Active

Guy DUMST

Director · since 09 mai 2025 · until 09 mai 2031

Active

Jan Loddewykx

Director · since 09 mai 2025 · until 09 mai 2031

Active

Jo ROGGEN

Director · since 09 mai 2025 · until 09 mai 2031

Active

Johan Bellen

Director · since 09 mai 2025 · until 09 mai 2031

Active

Johan Everaerts

Director · since 09 mai 2025 · until 09 mai 2031

Active

Linda Verdeyen

Director · since 09 mai 2025 · until 09 mai 2031

Active

Rafaël De Canck

Director · since 09 mai 2025 · until 09 mai 2031

Active

Tom DEHAENE

Chairman of the board of directors · since 09 mai 2025 · until 09 mai 2031

Active

Marco Van Mullem

Director · since 17 mai 2024 · until 09 mai 2025

Active

Léon WALRY

Director · since 07 juin 2019 · until 09 mai 2025

Active

Manuela VERVOORT

Director · since 07 juin 2019 · until 09 mai 2025

Active

Patrick LIPPENS

Vice-chairman of the board of directors · since 07 juin 2019 · until 09 mai 2025

Active

Stefaan DEVOS

Director · since 07 juin 2019 · until 09 mai 2025

Active

Ended mandates

Koen CORLUY

Director · since 05 juin 2020 · until 17 mai 2024

Ended

Koen CORLUY

Director · since 05 juin 2020 · until 09 mai 2025

Ended

Koen CORLUY

Director · since 05 juin 2020 · until 30 mai 2025

Ended

Didier REYNAERTS

Vice-chairman of the board of directors · since 07 juin 2019 · until 09 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Fluvius Riobra● Active	0878.051.819
FLUVIUS ZENNE-DIJLE● Active	0222.343.301

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	09/06/2026	27/05/2025	12/06/2024	21/06/2023	20/12/2022	03/06/2021
General meeting	08/05/2026	09/05/2025	17/05/2024	02/06/2023	27/05/2022	28/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/05/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	09/05/2025	27/05/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	21/06/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	27/05/2022	20/12/2022	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	09/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	03/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 16 active · 51 ended

Active mandates

Bert De Wit

Director · since 09 mai 2025 · until 09 mai 2031

Active

Didier REYNAERTS

Vice-chairman of the board of directors · since 09 mai 2025 · until 09 mai 2031

Active

Filip Charlier

Director · since 09 mai 2025 · until 09 mai 2031

Active

Guy DUMST

Director · since 09 mai 2025 · until 09 mai 2031

Active

Jan Loddewykx

Director · since 09 mai 2025 · until 09 mai 2031

Active

Jo ROGGEN

Director · since 09 mai 2025 · until 09 mai 2031

Active

Johan Bellen

Director · since 09 mai 2025 · until 09 mai 2031

Active

Johan Everaerts

Director · since 09 mai 2025 · until 09 mai 2031

Active

Linda Verdeyen

Director · since 09 mai 2025 · until 09 mai 2031

Active

Rafaël De Canck

Director · since 09 mai 2025 · until 09 mai 2031

Active

Tom DEHAENE

Chairman of the board of directors · since 09 mai 2025 · until 09 mai 2031

Active

Marco Van Mullem

Director · since 17 mai 2024 · until 09 mai 2025

Active

Léon WALRY

Director · since 07 juin 2019 · until 09 mai 2025

Active

Manuela VERVOORT

Director · since 07 juin 2019 · until 09 mai 2025

Active

Patrick LIPPENS

Vice-chairman of the board of directors · since 07 juin 2019 · until 09 mai 2025

Active

Stefaan DEVOS

Director · since 07 juin 2019 · until 09 mai 2025

Active

Ended mandates

Koen CORLUY

Director · since 05 juin 2020 · until 17 mai 2024

Ended

Koen CORLUY

Director · since 05 juin 2020 · until 09 mai 2025

Ended

Koen CORLUY

Director · since 05 juin 2020 · until 30 mai 2025

Ended

Didier REYNAERTS

Vice-chairman of the board of directors · since 07 juin 2019 · until 09 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares20/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2018
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 20255 M €↑
09/05/2025
nominationJoannes Bellen — bestuurder
09/05/2025
nominationFilip Charlier — bestuurder
09/05/2025
nominationRafaël De Canck — bestuurder
09/05/2025
nominationBert De Wit — bestuurder
09/05/2025
nominationyohan Everaerts — bestuurder
09/05/2025
nominationJan Loddewykx — bestuurder
09/05/2025
nominationLinda Verdeyen — bestuurder
09/05/2025
reconductionTom Dehaene — bestuurder
09/05/2025
reconductionGuy Dumst — bestuurder
09/05/2025
reconductionDidier Reynaerts — bestuurder
09/05/2025
reconductionJo Roggen — bestuurder
2024
Annual accounts 20244,9 M €↑
16/09/2024
augmentation_capital
17/05/2024
nominationMarc Van Mullem — bestuurder
17/05/2024
reconductionJurgen Lelie — commissaris
04/04/2024
nominationJurgen Lelie — commissaris
2023
Annual accounts 20232,9 M €↑
2022
Annual accounts 20222,6 M €↓
2021
Annual accounts 20212,6 M €↑
2020
Annual accounts 20202,1 M €↓
2019
Annual accounts 20192,2 M €↑
2018
Annual accounts 20181,8 M €↓
2017
Annual accounts 20172,3 M €↑
2016
Annual accounts 20161,4 M €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014615,1 k €↓
2013
Annual accounts 2013798,9 k €↑
2012
Annual accounts 2012573,6 k €↓
2010
Annual accounts 20105,6 M €↑
2009
Annual accounts 2009280,7 k €↓
2008
Annual accounts 2008545,6 k €↑
2007
Annual accounts 2007348,8 k €↑
2006
Annual accounts 2006190,7 k €
20/09/2000
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

CREADIV

Overview

What does CREADIV do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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