C. G.
ActiveSummary
C. G. has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €1.2m. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 980 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 48.65 against 3.42 in 2024; short-term debt: 0.9% and cash: 8.4% of total assets), and 21.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
78.3%
Return on assets
63.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
28 d early
2022
6 d early
2021
2 d early
2020
6 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.4m▲ 444%
2024 · €263,232
Total assets
€1.8m▲ 460%
2024 · €326,631
Net result
€1.2m▲ 2,873%
2024 · €39,341
Working capital
€768,466▲ 429%
2024 · €145,199
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€79,997▲ 116%€63,173▼ 21.0%-€1,821€52,126€1.6m▲ 2,879%
Net result€62,996above the sector's middle half▲ 92.0%€47,041above the sector's middle half▼ 25.3%-€1,733below the sector's middle half€39,341within the sector's middle half€1.2mabove the sector's middle half▲ 2,873%
Equity€258,182above the sector's middle half▲ 9.3%€276,623above the sector's middle half▲ 7.1%€253,890above the sector's middle half▼ 8.2%€263,232above the sector's middle half▲ 3.7%€1.4mabove the sector's middle half▲ 444%
Total assets€378,336within the sector's middle half▲ 15.6%€386,365within the sector's middle half▲ 2.1%€340,564within the sector's middle half▼ 11.9%€326,631within the sector's middle half▼ 4.1%€1.8mabove the sector's middle half▲ 460%
Debt€120,155▲ 31.7%€109,742▼ 8.7%€86,674▼ 21.0%€63,399▼ 26.9%€16,126▼ 74.6%
Working capital€117,946above the sector's middle half▼ 10.8%€161,378above the sector's middle half▲ 36.8%€143,528above the sector's middle half▼ 11.1%€145,199above the sector's middle half▲ 1.2%€768,466above the sector's middle half▲ 429%
Solvency68.2%within the sector's middle half▼ 3.9pp71.6%above the sector's middle half▲ 3.4pp74.5%above the sector's middle half▲ 3.0pp80.6%above the sector's middle half▲ 6.0pp78.3%above the sector's middle half▼ 2.3pp
Current ratio2.32within the sector's middle half▼ 1.163.00within the sector's middle half▲ 0.682.99within the sector's middle half▼ 0.013.42above the sector's middle half▲ 0.4348.65above the sector's middle half▲ 45.23
Return on assets (ROA)16.7%above the sector's middle half▲ 6.6pp12.2%within the sector's middle half▼ 4.5pp-0.5%below the sector's middle half▼ 12.7pp12.0%within the sector's middle half▲ 12.6pp63.9%above the sector's middle half▲ 51.9pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,879% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.0m ▲ 761%
Current assets
€784,592 ▲ 282%
Equity and liabilities €1.8m
Equity
€1.4m ▲ 444%
Provisions
€380,259
Debt
€16,126 ▼ 74.6%
Debt's share of the balance-sheet total falls from 19.4% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.6m▲
2024 · €77,117
Cash flow
€1.2m▲
2024 · €64,333
Quick ratio
47.70▲
2024 · 3.15
Debt to equity
0.01▼
2024 · 0.24
ROE
81.6%▲
2024 · 14.9%
Interest coverage
2269.20▲
2024 · 95.04
Debt ≤ 1 year
€16,126▼
2024 · €60,041
Debt > 1 year
€0▼
2024 · €3,358
Income taxes
€8,773▼
2024 · €11,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,170 | €2,850 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,435 | €28,082 | €28,736 | €24,991 | €33,420 | ▲ 33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€7,916 | €0 | €47,500 | -€47,500 | €0 | ▲ 100% |
| Other operating charges640/8 | €19,917 | €12,151 | €12,200 | €62,166 | €17,209 | ▼ 72.3% |
| Gross operating margin9900 | €123,433 | €103,406 | €86,616 | €91,783 | €1.6m | ▲ 1,647% |
| Operating profit (loss)9901 | €79,997 | €63,173 | -€1,821 | €52,126 | €1.6m | ▲ 2,879% |
| Financial income75/76B | €1,958 | €1,308 | €1,433 | €1 | €6,556 | ▲ 978,334% |
| Recurring financial income75 | €1,958 | €1,308 | €1,433 | €1 | €6,556 | ▲ 978,334% |
| Financial charges65/66B | €1,339 | €1,319 | €1,346 | €811 | €699 | ▼ 13.8% |
| Recurring financial charges65 | €1,339 | €1,319 | €1,346 | €811 | €699 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €80,616 | €63,163 | -€1,733 | €51,315 | €1.6m | ▲ 2,938% |
| Transfer from deferred taxes780 | €0 | - | - | - | €3,677 | - |
| Transfer to deferred taxes680 | - | - | - | - | €383,935 | - |
| Income taxes67/77 | €17,620 | €16,121 | -€0 | €11,974 | €8,773 | ▼ 26.7% |
| Profit (loss) for the period9904 | €62,996 | €47,041 | -€1,733 | €39,341 | €1.2m | ▲ 2,873% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | €11,030 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.2m | - |
| Profit (loss) for the period to be appropriated9905 | €62,996 | €47,041 | -€1,733 | €39,341 | €29,028 | ▼ 26.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €378,336 | €386,365 | €340,564 | €326,631 | €1.8m | ▲ 460% |
| Fixed assets21/28 | €170,897 | €144,225 | €124,861 | €121,391 | €1.0m | ▲ 761% |
| Intangible fixed assets21 | €1,912 | €1,196 | €780 | €167 | €34 | ▼ 79.7% |
| Tangible fixed assets22/27 | €168,985 | €143,029 | €124,081 | €121,223 | €1.0m | ▲ 762% |
| Land and buildings22 | €140,132 | €121,434 | €108,107 | €110,197 | €974,324 | ▲ 784% |
| Plant, machinery and equipment23 | €12,378 | €9,606 | €6,834 | €4,062 | €62,851 | ▲ 1,447% |
| Furniture and vehicles24 | €16,474 | €11,989 | €7,263 | €5,754 | €7,075 | ▲ 23.0% |
| Other tangible fixed assets26 | - | - | €1,878 | €1,211 | €544 | ▼ 55.1% |
| Current assets29/58 | €207,439 | €242,141 | €215,703 | €205,240 | €784,592 | ▲ 282% |
| Stocks and contracts in progress3 | €30,875 | €21,875 | €21,875 | €15,875 | €15,375 | ▼ 3.1% |
| Stocks30/36 | €30,875 | €21,875 | €21,875 | €15,875 | €15,375 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €147,607 | €122,709 | €29,216 | €16,390 | €13,141 | ▼ 19.8% |
| Trade receivables40 | €56,423 | €56,466 | €13,216 | €15,363 | €12,944 | ▼ 15.7% |
| Other amounts receivable41 | €91,185 | €66,243 | €16,000 | €1,027 | €197 | ▼ 80.8% |
| Current investments50/53 | - | - | - | - | €600,000 | - |
| Cash at bank and in hand54/58 | €26,353 | €95,384 | €163,564 | €172,043 | €153,920 | ▼ 10.5% |
| Deferred charges and accrued income490/1 | €2,604 | €2,173 | €1,049 | €932 | €2,156 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €378,336 | €386,365 | €340,564 | €326,631 | €1.8m | ▲ 460% |
| Equity10/15 | €258,182 | €276,623 | €253,890 | €263,232 | €1.4m | ▲ 444% |
| Contributions10/11 | €145,700 | €145,700 | €145,700 | €145,700 | €145,700 | = |
| Capital10 | €145,700 | €145,700 | €145,700 | €145,700 | €145,700 | = |
| Issued capital100 | €145,700 | €145,700 | €145,700 | €145,700 | €145,700 | = |
| Reserves13 | €46,925 | €46,925 | €46,925 | €46,925 | €1.2m | ▲ 2,431% |
| Non-distributable reserves130/1 | €33,162 | €33,162 | €33,162 | €33,162 | €33,162 | = |
| Legal reserve130 | €14,570 | €14,570 | €14,570 | €14,570 | €14,570 | = |
| Other1319 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Tax-exempt reserves132 | €3,810 | €3,810 | €3,810 | €3,810 | €1.1m | ▲ 29,940% |
| Distributable reserves133 | €9,953 | €9,953 | €9,953 | €9,953 | €9,953 | = |
| Profit (loss) carried forward14 | €65,556 | €83,997 | €61,265 | €70,606 | €99,634 | ▲ 41.1% |
| Provisions and deferred taxes16 | - | - | - | - | €380,259 | - |
| Deferred taxes168 | - | - | - | - | €380,259 | - |
| Amounts payable17/49 | €120,155 | €109,742 | €86,674 | €63,399 | €16,126 | ▼ 74.6% |
| Amounts payable after more than one year17 | €29,767 | €22,033 | €14,181 | €3,358 | €0 | ▼ 100% |
| Financial debts170/4 | €26,917 | €19,183 | €11,331 | €3,358 | €0 | ▼ 100% |
| Other amounts payable178/9 | €2,850 | €2,850 | €2,850 | €0 | - | - |
| Amounts payable within one year42/48 | €89,493 | €80,763 | €72,175 | €60,041 | €16,126 | ▼ 73.1% |
| Current portion of amounts payable after more than one year42 | €7,617 | €7,734 | €7,852 | €7,973 | €0 | ▼ 100% |
| Trade debts44 | €17,141 | €12,465 | €12,959 | €15,310 | €5,527 | ▼ 63.9% |
| Suppliers440/4 | €17,141 | €12,465 | €12,959 | €15,310 | €5,527 | ▼ 63.9% |
| Taxes, remuneration and social security45 | €3,159 | €4,818 | €2,033 | €4,250 | €2,965 | ▼ 30.2% |
| Taxes450/3 | €3,159 | €4,818 | €2,033 | €4,250 | €2,965 | ▼ 30.2% |
| Other amounts payable47/48 | €61,577 | €55,746 | €49,330 | €32,509 | €7,634 | ▼ 76.5% |
| Accrued charges and deferred income492/3 | €895 | €6,947 | €318 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,996 | €47,041 | -€1,733 | €39,341 | €1.2m | ▲ 2,873% |
| + Depreciation and write-downs630 | €31,435 | €28,082 | €28,736 | €24,991 | €33,420 | ▲ 33.7% |
| Operating cash flow (approximation) | €94,431 | €75,123 | €27,003 | €64,333 | €1.2m | ▲ 1,770% |
| Investment in fixed assets (approximation) | - | -€1,409 | -€9,372 | -€21,521 | -€956,858 | ▼ 4,346% |
| Change in cash | - | €69,031 | €68,180 | €8,479 | -€18,123 | ▼ 314% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €1.2m ▲2,873%
Operating result €1.6m, net result €1.2m, both a record.
30-09
Financial
Liquidity times 14current ratio 48.65
Current ratio from 3.42 to 48.65; short-term debt falls from €60,041 to €16,126.
30-09
Financial
Equity above €1mEq €1.4m ▲444%
2 profitable years in a row build equity to €1.4m.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €39,341
Net result €39,341 after one loss-making year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
30-09
Financial
Back to profitnet €73,007
Net result €73,007 after one loss-making year.
Show earlier events
30-09
Financial
Liquidity triplescurrent ratio 4.54
Current ratio from 1.67 to 4.54; short-term debt falls from €90,907 to €40,181.
30-09
Financial
Equity above €200,000Eq €204,878 ▲53.5%
Equity rises from €133,445 to €204,878.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Aywaille · 1 establishment unit since 1991
Ground area
4,874 m²
Building footprint
2,137 m²
Volume, LiDAR
12,516 m³
2 parcels, Wallonia · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Route du Condroz(RR) 211, 4120 Neupré
since 19912.019.777.253
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62009D0223/00S000 | Wallonia | 2,705 m² | 1 · 1,182 m² | 6.4 m · 2 fl. |
| 62090A0119/00X002 | Wallonia | 2,169 m² | 1 · 955 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,031 companies in sector 52100 we hold annual accounts for 769. 519 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-11-1981
Fiscal year end30-09
Activities, NACEBEL 2025
52100Warehousing and storage
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422177157
Also
9925:BE0422177157
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.