CGMD CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CGMD CONCEPT is 6.4% (elevated). The 2025 annual accounts show negative equity (€-4k) and a net result of €-7k. Equity is shrinking by ~49.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 13305 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-47
Solvency21▼-6
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.48 in 2024; short-term debt: 63.6% and cash: 19.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-4.4%
Return on assets
-7.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
231 d late
2023
596 d late
2022
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k
2024 · €3k
2022: €299
2023: €-2k
2024: €3k
2022 → 2025
Total assets
€99k▼ 17.3%
2024 · €120k
2022: €2k
2023: €133k
2024: €120k
2022 → 2025
Net result
€-7k
2024 · €5k
2022: €-2k
2023: €-3k
2024: €5k
2022 → 2025
Working capital
€-37k▲ 3.2%
2024 · €-39k
2022: €299
2023: €-37k
2024: €-39k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€299-€-2k€3k€-4k
Operating result€-2k-€764€9k▲ 1,016%€-4k
Net result€-2k-€-3k▼ 22.6%€5k€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€73k ▼ 12.9%
Current assets
€26k ▼ 27.8%
Key figures and ratios
EBITDA
€7k▼
2024 · €19k
Cash flow
€4k▼
2024 · €16k
Solvency
-4.4%▼
2024 · 2.3%
Current ratio
0.41▼
2024 · 0.48
Quick ratio
0.39▼
2024 · 0.48
Debt to equity
-23.48▼
2024 · 42.05
ROA
-7.3%▼
2024 · 4.3%
Interest coverage
2.14▼
2024 · 5.98
Debt
€103k▼
2024 · €117k
Debt ≤ 1 year
€63k▼
2024 · €74k
Debt > 1 year
€40k▼
2024 · €43k
Staff costs
€59k▲
2024 · €46k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€120k€99k▼
Fixed assets21/28€84k€73k▼
Intangible fixed assets21€80k€70k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€35k€26k▼
Stocks and contracts in progress3-€1k
Stocks30/36-€1k
Amounts receivable within one year40/41€14k€4k▼
Trade receivables40€14k€4k▼
Cash at bank and in hand54/58€21k€19k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€120k€99k▼
Equity10/15€3k€-4k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€282€-7k▼
Amounts payable17/49€117k€103k▼
Amounts payable after more than one year17€43k€40k▼
Financial debts170/4€43k€40k▼
Amounts payable within one year42/48€74k€63k▼
Current portion of amounts payable after more than one year42€13k€11k▼
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Taxes, remuneration and social security45€12k€18k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€30k€30k▲
Income statement
Code20242025
Remuneration, social security and pensions62€46k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€302€331▲
Gross operating margin9900€65k€66k▲
Operating profit (loss)9901€9k€-4k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€5k€-7k▼
Income taxes67/77€180-
Profit (loss) for the period9904€5k€-7k▼
Profit (loss) for the period to be appropriated9905€5k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€282€-7k▼
Profit (loss) brought forward from the previous period14P€-5k€282▲
The notes to these accounts (8 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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 231 days late
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 596 days late
2025
31-12
Financial
Weakest financial yearnet €-7k ▼239%
Net result drops to €-7k, the lowest in the series.
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Chaudfontaine · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Hauster 64051 ChaudfontaineGround area
3,738 m²
Building footprint
565 m²
Volume, LiDAR
3,356 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Aywaille 58, 4140 Sprimont
since 20232.339.245.169
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62045A0002/02A000 | Wallonia | 3,318 m² | 1 · 505 m² | 8.3 m · 2 fl. |
| 62104C0163/00H000 | Wallonia | 420 m² | 1 · 59 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSprimont2.339.245.169
Similar companies · same sector, comparable size
HPB NAMUR
BE 0743.930.612
Antwerpen · Eq €2,791
EF
BE 0648.698.782
Antwerpen · Eq €2,771
VIA AURELIA
BE 0465.089.759
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PASTADOR
BE 0848.531.353
Vorst · Eq €2,799
INNEKE'S LUNCHBOX
BE 0463.781.744
Herentals · Eq €2,807
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 3,755 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
Founded21-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.