C.E.G.C.
ActiveSummary
C.E.G.C. has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209,071 and a net result of -€235. Equity has been stable since 2019 (±1.2% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-04-1994 Normal situation
- Activity
- “Tous actes de commerce relatifs aux immeubles en général tel que l’achat,la vente,la location,la…” (deed in French)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.075.555.619 1180 Ukkel, since 08-03-1996
- Financial year end
- 30 June
- Peppol
- Reachable since 21-01-2026
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts to 30-06-2025
- Gross margin
- €9,522
- ▲ 125%
- Turnover
- ≈ €73,000
- estimated
- Loss
- €235
- ▼ 95.2%
- Equity
- €209,071
- ▼ 0.1%
- Total assets
- €212,082
- ▼ 4.6%
- 2025 accounts filed 2 days after the deadline
Score breakdownlowers riskSize: total assets €212,082Founded in 1994Liquidity: current ratio 27.20, cash €79,553Equity €209,071 (98.6% of total assets)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of micro companies without a NACE code
Financial strength · tick: 2024
Strong
Solvency
100=
equity 98.6% of total assets
Liquidity
97-2
short-term debt 1.4% · cash 37.5%
Profitability
69+46
return on assets -0.1%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026highest value
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 27.2 (6.69 in 2024), above the usual 1.5. Short-term debt is 1.4% and cash 37.5% of total assets. 1.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 88% on liquidity, 46% on profitability and 45% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 2 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
2 days late
2024
13 days late
2023
23 days early
2022
49 days early
2021
28 days early
2020
32 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 23 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 8 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036063.
Annual accounts 2025 filed on 02-02-2026 PDF all 28 filings
Turnover
≈ €73,000
Estimated: probably between €33,000 and €170,000
Total assets
€212,082▼ 4.6%
2024 · €222,347
Net result
-€235▲ 95.2%
2024 · -€4,908
Working capital
€78,898▲ 6.2%
2024 · €74,264
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€47
▲ 99.0%
2025
20192025
Net result
-€235
▲ 95.2%
2025
20192025
Equity
€209,071
▼ 0.1%
2025
20192025
Total assets
€212,082
▼ 4.6%
2025
20192025
Debt
€3,011
▼ 76.9%
2025
20192025
Working capital
€78,898
▲ 6.2%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€1,153-€1,807-€1,398-€8,216▼ 488%€2,308-€4,722-€47▲ 99.0%
Net result-€1,361-€1,539-€1,607-€8,487▼ 428%€2,088-€4,908-€235▲ 95.2%
Equity€220,681-€222,220▲ 0.7%€220,613▼ 0.7%€212,126▼ 3.8%€214,214▲ 1.0%€209,305▼ 2.3%€209,071▼ 0.1%
Total assets€235,515-€236,269▲ 0.3%€234,264▼ 0.8%€226,635▼ 3.3%€226,272▼ 0.2%€222,347▼ 1.7%€212,082▼ 4.6%
Debt€14,834-€14,049▼ 5.3%€13,650▼ 2.8%€14,509▲ 6.3%€12,059▼ 16.9%€13,042▲ 8.2%€3,011▼ 76.9%
Working capital€71,856-€77,047▲ 7.2%€79,091▲ 2.7%€74,255▼ 6.1%€74,304▲ 0.1%€74,264▼ 0.1%€78,898▲ 6.2%
The operating result for 2025 is a loss of €47, smaller than the loss of €4,722 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212,082
Fixed assets
€130,172 ▼ 3.6%
Current assets
€81,910 ▼ 6.2%
Equity and liabilities €212,082
Equity
€209,071 ▼ 0.1%
Debt
€3,011 ▼ 76.9%
Debt's share of the balance-sheet total falls from 5.9% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,822▲
2024 · €147
Cash flow
€4,634▲
2024 · -€40
Current ratio
27.20▲
2024 · 6.69
Debt to equity
0.01▼
2024 · 0.06
ROE
-0.1%▲
2024 · -2.3%
ROA
-0.1%▲
2024 · -2.2%
Interest coverage
25.68▲
2024 · 0.79
Debt ≤ 1 year
€3,011▼
2024 · €13,042
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €6,087 | - | - |
| Depreciation and write-downs of the year | €3,651 | €4,048 | €4,869 | €4,869 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,651 | €3,651 | €3,651 | €3,651 | €4,048 | €4,869 | €4,869 | = |
| Other operating charges640/8 | - | - | - | €3,720 | €3,834 | €4,085 | €4,700 | ▲ 15.1% |
| Gross operating margin9900 | €5,600 | €8,658 | €5,936 | -€845 | €10,190 | €4,232 | €9,522 | ▲ 125% |
| Operating profit (loss)9901 | -€1,153 | €1,807 | -€1,398 | -€8,216 | €2,308 | -€4,722 | -€47 | ▲ 99.0% |
| Recurring financial income75 | €20 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €271 | €221 | €187 | €188 | ▲ 0.7% |
| Recurring financial charges65 | €228 | €268 | €209 | €271 | €221 | €187 | €188 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | -€1,361 | €1,539 | -€1,607 | -€8,487 | €2,088 | -€4,908 | -€235 | ▲ 95.2% |
| Profit (loss) for the period9904 | -€1,361 | €1,539 | -€1,607 | -€8,487 | €2,088 | -€4,908 | -€235 | ▲ 95.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,361 | €1,539 | -€1,607 | -€8,487 | €2,088 | -€4,908 | -€235 | ▲ 95.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €235,515 | €236,269 | €234,264 | €226,635 | €226,272 | €222,347 | €212,082 | ▼ 4.6% |
| Fixed assets21/28 | €148,825 | €145,174 | €141,522 | €137,871 | €139,909 | €135,041 | €130,172 | ▼ 3.6% |
| Tangible fixed assets22/27 | €148,825 | €145,174 | €141,522 | €137,871 | €139,909 | €135,041 | €130,172 | ▼ 3.6% |
| Land and buildings22 | - | - | - | €137,871 | €139,909 | €135,041 | €130,172 | ▼ 3.6% |
| Current assets29/58 | €86,690 | €91,095 | €92,741 | €88,764 | €86,363 | €87,306 | €81,910 | ▼ 6.2% |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | €2,357 | - |
| Other amounts receivable41 | - | - | - | - | - | - | €2,357 | - |
| Cash at bank and in hand54/58 | €85,940 | €90,335 | €92,741 | €88,764 | €86,363 | €87,306 | €79,553 | ▼ 8.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €235,515 | €236,269 | €234,264 | €226,635 | €226,272 | €222,347 | €212,082 | ▼ 4.6% |
| Equity10/15 | €220,681 | €222,220 | €220,613 | €212,126 | €214,214 | €209,305 | €209,071 | ▼ 0.1% |
| Contributions10/11 | €223,104 | €223,104 | €223,104 | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Capital10 | - | - | - | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Issued capital100 | - | - | - | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Profit (loss) carried forward14 | -€2,423 | -€884 | -€2,491 | -€10,978 | -€8,891 | -€13,799 | -€14,034 | ▼ 1.7% |
| Amounts payable17/49 | €14,834 | €14,049 | €13,650 | €14,509 | €12,059 | €13,042 | €3,011 | ▼ 76.9% |
| Amounts payable within one year42/48 | €14,834 | €14,049 | €13,650 | €14,509 | €12,059 | €13,042 | €3,011 | ▼ 76.9% |
| Trade debts44 | - | - | - | €200 | €200 | €1,119 | €349 | ▼ 68.8% |
| Suppliers440/4 | - | - | - | €200 | €200 | €1,119 | €349 | ▼ 68.8% |
| Advances received on contracts in progress46 | - | - | - | €2,450 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €11,859 | €11,859 | €11,923 | €2,663 | ▼ 77.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,361 | €1,539 | -€1,607 | -€8,487 | €2,088 | -€4,908 | -€235 | ▲ 95.2% |
| + Depreciation and write-downs630 | €3,651 | €3,651 | €3,651 | €3,651 | €4,048 | €4,869 | €4,869 | = |
| Operating cash flow (approximation) | €2,290 | €5,190 | €2,044 | -€4,836 | €6,136 | -€40 | €4,634 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€6,087 | €0 | €0 | - |
| Change in cash | - | €4,395 | €2,406 | -€3,978 | -€2,401 | €943 | -€7,753 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as C.E.G.C. has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of C.E.G.C. itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for C.E.G.C.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00036063 | |
| 30-06-2024 | micro format | 13-02-2025 | 2025-00035545 | |
| 30-06-2023 | micro format | 08-01-2024 | 2024-00544726 | |
| 30-06-2022 | micro format | 13-12-2022 | 2022-20540378 | |
| 30-06-2021 | micro format | 03-01-2022 | 2022-00100147 | |
| 30-06-2020 | micro format | 30-12-2020 | 2020-77600535 | |
| 30-06-2019 | micro format | 18-12-2019 | 2019-76500003 | |
| 30-06-2018 | micro format | 27-12-2018 | 2018-75800425 | |
| 30-06-2017 | micro format | 26-12-2017 | 2017-73300015 | |
| 30-06-2016 | full format | 16-12-2016 | 2016-70400349 |
Board & ownership
Directors
Directors
4 directors
ANDRIES Emmanuel
Current
Director · listed in the 2025 annual accounts, filed on 02-02-2026
ANDRIES Gauthier
Current
Director · listed in the 2025 annual accounts, filed on 02-02-2026
ANDRIES Jean Cédric
Current
Director · listed in the 2025 annual accounts, filed on 02-02-2026
ANDRIES Thierry
Current
Director · listed in the 2025 annual accounts, filed on 02-02-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly, or a managing director alone
deed of 02-01-2024Owners and capital
Capital transactions
Capital over time
- 02-01-2024 Capital stated in the deed · €223,104.17 · 900 shares
Mandate history
4 people, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ANDRIES Emmanuel |
|
| ANDRIES Gauthier |
|
| ANDRIES Jean Cédric |
|
| ANDRIES Thierry |
|
Network & group
C.E.G.C. shares no director with another company.
Companies at the same address
1 other companyConnections & network
4 current directorsThe network starts from the directors of C.E.G.C.. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
02-02
micro format · 2 days late
2025
30-06
Financial
Liquidity more than quadruplescurrent ratio 27.20
The current ratio rises from 6.69 to 27.20. Short-term debt falls from €13,042 to €3,011.
13-02
micro format · 13 days late
2024
08-01
micro format · 23 days before the deadline
02-01
Gazette deed
Amendment of the articlesCapital3 points ▸
Gazette deed
Amendment of the articles
Capital3 points ▸
- General meeting, “extraordinaire, assemblée générale extraordinaire des actionnaires” (deed in French)
- Amendment of the articles
- Capital, €223,104.17
2023
30-06
Financial
Back to profitnet €2,088
The net result is €2,088, after 2 loss-making years.
2022
13-12
micro format · 49 days before the deadline
30-06
Financial
Weakest financial yearnet -€8,487
The net result drops to -€8,487, the lowest from 2019 to 2025. It recovers the following year.
03-01
micro format · 28 days before the deadline
2020
30-12
micro format · 32 days before the deadline
30-06
Financial
Back to profitnet €1,539
The net result is €1,539, after one loss-making year.
2019
18-12
micro format · 44 days before the deadline
Show earlier events
2018
27-12
micro format · 35 days before the deadline
2017
26-12
micro format · 36 days before the deadline
2016
16-12
full format · 46 days before the deadline
1994
27-04
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
C.E.G.C. in French
Enterprise number
0452.437.791
Legal form
Public limited company
Status
Active, normale toestand
Founded
06-04-1994
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-01-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne ou Région de Bruxelles-Capitale, établissement ou suppression de sièges administratifs,agences,ateliers,dépôts et…”
deed of 02-01-2024 (in French)Registered office and establishments
Registered office
Winston Churchilllaan 104, 1180 Ukkel, Belgium
Establishment unit
C.E.G.C., Winston Churchilllaan 104, 1180 Ukkel since 08-03-1996 · unit number 2.075.555.61968201 Renting and operating of own or leased residential real estate, excluding social housing
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 02-01-2024 (in French)
“Tous actes de commerce relatifs aux immeubles en général tel que l’achat,la vente,la location,la construction,la rénovation,la promotion et…”
6 activities
- Tous actes de commerce relatifs aux immeubles en général tel que l’achat,la vente,la location,la construction,la rénovation,la promotion et la mise en valeur
- Exercer ses activités soit pour son propre compte,soit pour le compte de tiers
- Entamer tous programmes de recherches relatives à de nouveaux produits ou procédés ainsi qu’acquérir,exploiter et accorder tous brevets,licences ou marques
- Réaliser son objet en tous lieux,de toutes les manières et suivant les modalités qui paraitront les mieux appropriées
- Faire toutes les opérations commerciales,industrielles,financières,mobilières et immobilières,en tout ou en partie,à son objet social ou qui seraient de nature à en faciliter ou à en développer la réalisation
- S’intéresser par voie d’apport,de fusion,de souscription ou de toute autre manière dans toutes entreprises,associations ou sociétés ayant un objet similaire,analogue ou connexe ou de nature à favoriser celui de la société
Invoicing and payment
VAT number
BE 0452.437.791
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Saturday of November at 14:00
deed of 02-01-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
277 m²
Building footprint
125 m²
Building volume
1,754 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21618B0277/02D003 | Brussels | 277 m² | 1 · 125 m² | 19.4 m · 5 |