C.G.E.G.
ActiveSummary
C.G.E.G. has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,274 and a net result of €5,614. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+3
Solvency63▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 2.87 in 2024; short-term debt: 62.1% and cash: 24.3% of total assets), and 62.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
37.9%
Return on assets
3.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
7 d late
2023
28 d early
2022
32 d early
2021
26 d early
2020
38 d early
2019
58 d early
← 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 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,274▲ 10.1%
2024 · €55,660
Total assets
€161,480▲ 15.0%
2024 · €140,357
Net result
€5,614▲ 189%
2024 · €1,941
Working capital
€36,509▼ 56.0%
2024 · €83,050
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,409-€16,400€16,859€3,659▼ 78.3%€9,464▲ 159%
Net result€12,399within the sector's middle half-€17,984below the sector's middle half€14,870within the sector's middle half€1,941within the sector's middle half▼ 86.9%€5,614within the sector's middle half▲ 189%
Equity€56,833within the sector's middle half▲ 27.9%€38,849within the sector's middle half▼ 31.6%€53,719within the sector's middle half▲ 38.3%€55,660within the sector's middle half▲ 3.6%€61,274within the sector's middle half▲ 10.1%
Total assets€114,773within the sector's middle half▲ 10.5%€73,321within the sector's middle half▼ 36.1%€142,992within the sector's middle half▲ 95.0%€140,357within the sector's middle half▼ 1.8%€161,480within the sector's middle half▲ 15.0%
Debt€57,941▼ 2.6%€34,473▼ 40.5%€89,273▲ 159%€84,697▼ 5.1%€100,206▲ 18.3%
Working capital€56,424within the sector's middle half▲ 31.9%€21,049within the sector's middle half▼ 62.7%€47,267within the sector's middle half▲ 125%€83,050within the sector's middle half▲ 75.7%€36,509within the sector's middle half▼ 56.0%
Solvency49.5%within the sector's middle half▲ 6.8pp53.0%within the sector's middle half▲ 3.5pp37.6%within the sector's middle half▼ 15.4pp39.7%within the sector's middle half▲ 2.1pp37.9%within the sector's middle half▼ 1.7pp
Current ratio2.93within the sector's middle half▲ 1.211.61within the sector's middle half▼ 1.321.53within the sector's middle half▼ 0.082.87within the sector's middle half▲ 1.341.36within the sector's middle half▼ 1.50
Return on assets (ROA)10.8%within the sector's middle half▲ 16.1pp-24.5%below the sector's middle half▼ 35.3pp10.4%within the sector's middle half▲ 34.9pp1.4%within the sector's middle half▼ 9.0pp3.5%within the sector's middle half▲ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result recovers in 2025; 2025 is 159% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,480
Fixed assets
€24,766 ▲ 93.5%
Current assets
€136,714 ▲ 7.2%
Equity and liabilities €161,480
Equity
€61,274 ▲ 10.1%
Debt
€100,206 ▲ 18.3%
Debt's share of the balance-sheet total rises from 60.3% to 62.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,793▲
2024 · €12,281
Cash flow
€12,944▲
2024 · €10,563
Quick ratio
0.80▼
2024 · 1.80
Debt to equity
1.64▲
2024 · 1.52
ROE
9.2%▲
2024 · 3.5%
Interest coverage
31.83▲
2024 · 12.42
Debt ≤ 1 year
€100,206▲
2024 · €44,505
Income taxes
€3,752▲
2024 · €1,062
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,040 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 | €329 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,543 | €11,349 | €11,349 | €8,622 | €7,329 | ▼ 15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €42,000 | - |
| Other operating charges640/8 | €3,071 | €1,166 | €805 | €1,353 | €1,950 | ▲ 44.1% |
| Non-recurring operating charges66A | €1,463 | €0 | - | - | - | - |
| Gross operating margin9900 | €24,485 | -€3,886 | €29,012 | €13,634 | €60,743 | ▲ 346% |
| Operating profit (loss)9901 | €13,409 | -€16,400 | €16,859 | €3,659 | €9,464 | ▲ 159% |
| Financial income75/76B | €120 | €108 | €275 | €333 | €430 | ▲ 29.0% |
| Recurring financial income75 | €120 | €108 | €275 | €333 | €430 | ▲ 29.0% |
| Financial charges65/66B | €932 | €1,483 | €2,124 | €989 | €528 | ▼ 46.6% |
| Recurring financial charges65 | €932 | €1,483 | €2,124 | €989 | €528 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €12,598 | -€17,775 | €15,010 | €3,003 | €9,366 | ▲ 212% |
| Income taxes67/77 | €198 | €209 | €139 | €1,062 | €3,752 | ▲ 253% |
| Profit (loss) for the period9904 | €12,399 | -€17,984 | €14,870 | €1,941 | €5,614 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | €12,399 | -€17,984 | €14,870 | €1,941 | €5,614 | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,773 | €73,321 | €142,992 | €140,357 | €161,480 | ▲ 15.0% |
| Fixed assets21/28 | €29,149 | €17,800 | €6,451 | €12,801 | €24,766 | ▲ 93.5% |
| Intangible fixed assets21 | - | - | - | - | €14,221 | - |
| Tangible fixed assets22/27 | €28,814 | €17,465 | €6,116 | €12,466 | €10,210 | ▼ 18.1% |
| Plant, machinery and equipment23 | €345 | €192 | €39 | €638 | €443 | ▼ 30.5% |
| Furniture and vehicles24 | €28,468 | €17,273 | €6,077 | €11,828 | €9,766 | ▼ 17.4% |
| Financial fixed assets28 | €335 | €335 | €335 | €335 | €335 | = |
| Current assets29/58 | €85,624 | €55,521 | €136,540 | €127,556 | €136,714 | ▲ 7.2% |
| Stocks and contracts in progress3 | €1,764 | €935 | €1,796 | €47,622 | €56,330 | ▲ 18.3% |
| Stocks30/36 | €1,764 | €935 | €1,796 | €47,622 | €56,330 | ▲ 18.3% |
| Amounts receivable within one year40/41 | €64,434 | €36,257 | €115,139 | €55,025 | €37,957 | ▼ 31.0% |
| Trade receivables40 | €47,040 | €24,062 | €101,224 | €18,530 | €21,706 | ▲ 17.1% |
| Other amounts receivable41 | €17,394 | €12,195 | €13,916 | €36,496 | €16,251 | ▼ 55.5% |
| Current investments50/53 | - | - | - | - | €87 | - |
| Cash at bank and in hand54/58 | €0 | - | - | €4,874 | €39,247 | ▲ 705% |
| Deferred charges and accrued income490/1 | €19,427 | €18,329 | €19,606 | €20,034 | €3,092 | ▼ 84.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,773 | €73,321 | €142,992 | €140,357 | €161,480 | ▲ 15.0% |
| Equity10/15 | €56,833 | €38,849 | €53,719 | €55,660 | €61,274 | ▲ 10.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €38,241 | €20,257 | €35,127 | €37,068 | €42,682 | ▲ 15.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €36,381 | €18,397 | €33,267 | €35,208 | €40,822 | ▲ 15.9% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €57,941 | €34,473 | €89,273 | €84,697 | €100,206 | ▲ 18.3% |
| Amounts payable within one year42/48 | €29,201 | €34,473 | €89,273 | €44,505 | €100,206 | ▲ 125% |
| Financial debts43 | €6,044 | €10,931 | €6,114 | €0 | - | - |
| Credit institutions430/8 | €6,044 | €10,931 | €6,114 | €0 | - | - |
| Trade debts44 | €22,383 | €6,442 | €79,784 | €36,394 | €35,515 | ▼ 2.4% |
| Suppliers440/4 | €22,383 | €6,442 | €79,784 | €36,394 | €35,515 | ▼ 2.4% |
| Advances received on contracts in progress46 | - | - | €1,021 | €1,021 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €773 | €407 | €265 | €4,760 | €12,314 | ▲ 159% |
| Taxes450/3 | €773 | €407 | €265 | €742 | €1,252 | ▲ 68.7% |
| Remuneration and social security454/9 | €0 | - | €0 | €4,018 | €11,062 | ▲ 175% |
| Other amounts payable47/48 | €0 | €16,692 | €2,089 | €2,330 | €52,376 | ▲ 2,148% |
| Accrued charges and deferred income492/3 | €28,740 | €0 | - | €40,192 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,399 | -€17,984 | €14,870 | €1,941 | €5,614 | ▲ 189% |
| + Depreciation and write-downs630 | €6,543 | €11,349 | €11,349 | €8,622 | €7,329 | ▼ 15.0% |
| Operating cash flow (approximation) | €18,942 | -€6,635 | €26,219 | €10,563 | €12,944 | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€14,972 | -€19,294 | ▼ 28.9% |
| Change in cash | - | - | - | - | €34,373 | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14,870
Net result €14,870 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€17,984
Net result drops to -€17,984, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12,399
Net result €12,399 after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Anderlecht · 1 establishment unit since 1997
Ground area
179 m²
Building footprint
137 m²
Volume, LiDAR
1,275 m³
Parcel 21308H0673/00N003, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Venizeloslaan 8, 1070 Anderlecht
since 19972.080.178.955
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0673/00N003 | Brussels | 179 m² | 1 · 137 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,710 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459904021
Also
9925:BE0459904021
Registered
10-11-2025
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.