CGEM
ActiveSummary
CGEM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €579k and a net result of €134k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+3
Solvency85▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.55 against 1.18 in 2024; short-term debt: 40.1% and cash: 18.5% of total assets), and 40.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.9%
Return on assets
13.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-10-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
on the day
2023
on the day
2022
on the day
2021
2 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€224k
EBIT margin
20.3%
Net result
€134k▲ 45.8%
2024 · €92k
2019: €65k
2020: €8k
2021: €28k
2022: €43k
2023: €48k
2024: €92k
2019 → 2025
Working capital
€-175k
2024 · €28k
2019: €140k
2020: €172k
2021: €220k
2022: €-83k
2023: €-25k
2024: €28k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€224k-
Equity€261k-€304k▲ 16.4%€352k▲ 15.8%€444k▲ 26.2%€579k▲ 30.2%
Operating result€46k-€66k▲ 45.1%€72k▲ 9.1%€134k▲ 86.5%€201k▲ 49.4%
Net result€28k-€43k▲ 53.2%€48k▲ 11.9%€92k▲ 91.8%€134k▲ 45.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €967k
Fixed assets
€754k ▲ 22.3%
Current assets
€213k ▲ 16.0%
Equity and liabilities €967k
Equity
€579k ▲ 30.2%
Debt
€388k ▲ 9.1%
Debt's share of the balance-sheet total falls from 44.4% to 40.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€263k▲
2024 · €175k
Cash flow
€197k▲
2024 · €133k
Current ratio
0.55▼
2024 · 1.18
Debt to equity
0.67▼
2024 · 0.80
ROE
23.2%▲
2024 · 20.7%
ROA
13.9%▲
2024 · 11.5%
Interest coverage
71.39▲
2024 · 47.43
Debt ≤ 1 year
€388k▲
2024 · €155k
Income taxes
€65k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€800k€967k▲
Fixed assets21/28€616k€754k▲
Tangible fixed assets22/27€616k€754k▲
Land and buildings22€469k€588k▲
Plant, machinery and equipment23€111k€133k▲
Furniture and vehicles24€36k€32k▼
Current assets29/58€183k€213k▲
Amounts receivable within one year40/41€80k€32k▼
Trade receivables40€67k€32k▼
Other amounts receivable41€13k€20▼
Cash at bank and in hand54/58€102k€179k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€800k€967k▲
Equity10/15€444k€579k▲
Contributions10/11€19k€19k=
Reserves13€426k€560k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€424k€558k▲
Amounts payable17/49€355k€388k▲
Amounts payable after more than one year17€200k-
Other amounts payable178/9€200k-
Amounts payable within one year42/48€155k€388k▲
Trade debts44€45k€12k▼
Suppliers440/4€45k€12k▼
Taxes, remuneration and social security45€20k€45k▲
Taxes450/3€20k€45k▲
Other amounts payable47/48€91k€331k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€62k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€179k€267k▲
Operating profit (loss)9901€134k€201k▲
Financial income75/76B€68€2k▲
Recurring financial income75€68€2k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€131k€199k▲
Income taxes67/77€39k€65k▲
Profit (loss) for the period9904€92k€134k▲
Profit (loss) for the period to be appropriated9905€92k€134k▲
Appropriation of the result
Profit (loss) to be appropriated9906€92k€134k▲
Transfer to equity691/2€92k€134k▲
To other reserves6921€92k€134k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €134k ▲45.8%
Operating result €201k, net result €134k, both a record.
31-03
Financial
Equity above €500kEq €579k ▲30.2%
7 profitable years in a row build equity to €579k.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Liquidity doublescurrent ratio 15.95
Current ratio from 6.50 to 15.95; short-term debt falls from €31k to €15k.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €8k ▼86.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2010
Ground area
475 m²
Building footprint
93 m²
Volume, LiDAR
1,036 m³
Parcel 52050A0227/00M005, Wallonia · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CGEM
since 20102.194.129.508
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52050A0227/00M005 | Wallonia | 475 m² | 1 · 92 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NED FIN BVBA
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ORBING
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Leuven · Eq €578,643
SOHO
BE 0471.479.584
Antwerpen · Eq €578,709
QUARTO
BE 0454.166.074
Sprimont · Eq €578,741
COMPRO BELGIUM
BE 0473.573.992
Hoegaarden · Eq €578,583
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 33,430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2010
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.