CG PROGRESS
The computed 12-month bankruptcy probability of CG PROGRESS is 0.8% (low). The 2024 annual accounts show equity of €10k and a net result of €113. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 4951 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €10k |
| Net result | €113 |
| Better than sector | 28% |
| Active | 5 yrs |
Fragile profile, watch solvency in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.6% | 16.7% | |
| Net result | €113 | €2k | |
| Equity | €10k | €27k | |
| Gross operating margin | €235k | €27k | |
| Total assets | €1.71M | €302k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €168k |
| Net profit | €113 |
| Cash flow | €115k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €1.71M |
| Equity | €10k |
| Debt | €1.70M |
| of which ≤ 1y | €386k |
| of which > 1y | €1.32M |
| Working capital | €-316k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.18 |
| Quick ratio | 0.18 |
| Working capital ratio | -18.4% |
| Solvency | 0.6% |
| Debt / equity | 178.22 |
| Long-term debt ratio | 137.70 |
| Interest coverage | 3.36 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.0% |
| ROE | 1.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.71M |
| Fixed assets | 21/28 | €1.64M |
| Tangible fixed assets | 22/27 | €1.64M |
| Current assets | 29/58 | €71k |
| Amounts receivable within one year | 40/41 | €40k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.71M |
| Equity | 10/15 | €10k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €4k |
| Accumulated profits (losses) | 14 | €562 |
| Amounts payable | 17/49 | €1.70M |
| Amounts payable after one year | 17 | €1.32M |
| Amounts payable within one year | 42/48 | €386k |
| Trade debts payable within one year | 44 | €41k |
| Income statement | ||
| Gross operating margin | 9900 | €235k |
| Operating result | 9901 | €53k |
| Financial charges | 65 | €50k |
| Result before taxes | 9903 | €3k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €113 |
| Result to be appropriated | 9905 | €113 |
Former directors (1)
-
Former- → 31-12-2025
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 19-02-2021 |
| Status | Active |
| Postal code | 7133 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56014A0723/00A000 | Wallonia | 2,163 m² | 1 · 326 m² | 10.1 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
23-01-2026 GIACOMAZZI Malika resigns as director
- GIACOMAZZI Malika, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "GIACOMAZZI Malika",
"address": null,
"birth_date": null
},
"effective_date": "2025-12-31",
"evidence_quote": "D\u0027accepter la d\u00E9mission au poste d\u0027administrateur de Madame GIACOMAZZI Malika au 31/12/2025 et de donner d\u00E9charge pour sa gestion au 31/12/2025.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0763.853.917",
"name_full": "CG PROGRESS",
"legal_form": "SRL"
}
}12-07-2023 Registered office moved from RESSAIX to BUVRINNES
- rue des Grands Bureaux 17, 7134 RESSAIX → Rue Mahy faux 200, 7133 BUVRINNES
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "BUVRINNES",
"region": null,
"street": "Rue Mahy faux",
"country": "BE",
"postcode": "7133",
"box_number": null,
"street_number": "200"
},
"old_address": {
"city": "RESSAIX",
"region": null,
"street": "rue des Grands Bureaux",
"country": "BE",
"postcode": "7134",
"box_number": "A001",
"street_number": "17"
},
"effective_date": "2023-03-27",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraoridinaire du 27 mars 2023 d\u00E9cide : De transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9 \u00E0 l\u0027adresse suivante: Rue Mahy faux 200 7133 BUVRINNES"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0763.853.917",
"name_full": "CG PROGRESS",
"legal_form": "SRL"
}
}23-02-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "7134 Ressaix (Binche), Rue des Grands Bureaux 17 bte A001",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1987-07-02",
"name": "Audric Philippe Maxime CORNEZ",
"niss": null,
"address": "7134 Ressaix (Binche), Rue des Grands Bureaux 17/A001"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "Audric Philippe Maxime CORNEZ",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1987-08-29",
"name": "Malika GIACOMAZZI",
"niss": null,
"address": "7134 Ressaix (Binche), Rue des Grands Bureaux, 17/A001"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "Malika GIACOMAZZI",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "0763.853.917",
"name_full": "CG PROGRESS",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-02-19",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | CG PROGRESS |