C.G.S. CORP
ActiveSummary
The computed 12-month bankruptcy probability of C.G.S. CORP is 3.5% (moderate). The 2024 annual accounts show negative equity (€-6k) and a net result of €-13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 18941 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8▼-28
Solvency21▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.85 in 2023; short-term debt: 69.3% and cash: 17.4% 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 · 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 2024Solvency, return and age of the figures
Solvency
-4.3%
Return on assets
-9.6%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
23 d late
2022
28 d early
2021
23 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-6k
2023 · €7k
2019: €14k
2020: €42k
2021: €32k
2022: €8k
2023: €7k
2019 → 2024
Total assets
€132k▼ 3.2%
2023 · €136k
2019: €57k
2020: €89k
2021: €77k
2022: €165k
2023: €136k
2019 → 2024
Net result
€-13k▼ 786%
2023 · €-1k
2019: €8k
2020: €28k
2021: €-10k
2022: €-24k
2023: €-1k
2019 → 2024
Working capital
€-28k▼ 154%
2023 · €-11k
2019: €8k
2020: €33k
2021: €28k
2022: €-66k
2023: €-11k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€42k-€32k▼ 24.4%€8k▼ 73.6%€7k▼ 17.0%€-6k
Operating result€32k-€-9k€-20k▼ 121%€4k€-6k
Net result€28k-€-10k€-24k▼ 128%€-1k▲ 93.9%€-13k▼ 786%
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 2024: a loss of €6k after €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €132k
Fixed assets
€68k ▼ 9.5%
Current assets
€64k ▲ 4.6%
Key figures and ratios
EBITDA
€1k▼
2023 · €11k
Cash flow
€-5k▼
2023 · €6k
Solvency
-4.3%▼
2023 · 5.1%
Current ratio
0.70▼
2023 · 0.85
Quick ratio
0.47▼
2023 · 0.51
Debt to equity
-24.03▼
2023 · 18.49
ROA
-9.6%▼
2023 · -1.1%
Interest coverage
0.20▼
2023 · 2.19
Debt
€138k▲
2023 · €129k
Debt ≤ 1 year
€91k▲
2023 · €72k
Debt > 1 year
€44k▼
2023 · €55k
Staff costs
€36k▼
2023 · €43k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€136k€132k▼
Fixed assets21/28€76k€68k▼
Tangible fixed assets22/27€67k€60k▼
Plant, machinery and equipment23€67k€60k▼
Financial fixed assets28€8k€8k=
Current assets29/58€61k€64k▲
Stocks and contracts in progress3€24k€21k▼
Stocks30/36€24k€21k▼
Amounts receivable within one year40/41€26k€20k▼
Trade receivables40€2k-
Other amounts receivable41€23k€20k▼
Cash at bank and in hand54/58€11k€23k▲
Equity and liabilities
Total equity and liabilities10/49€136k€132k▼
Equity10/15€7k€-6k▼
Contributions10/11€6k€6k=
Reserves13€397€397=
Distributable reserves133€397€397=
Profit (loss) carried forward14€305€-12k▼
Amounts payable17/49€129k€138k▲
Amounts payable after more than one year17€55k€44k▼
Financial debts170/4€55k€44k▼
Amounts payable within one year42/48€72k€91k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Financial debts43-€308
Credit institutions430/8-€308
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€7k€15k▲
Taxes450/3€5k€15k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€50k€50k=
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Remuneration, social security and pensions62€43k€36k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€3k€9k▲
Gross operating margin9900€57k€46k▼
Operating profit (loss)9901€4k€-6k▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-1k€-13k▼
Profit (loss) for the period9904€-1k€-13k▼
Profit (loss) for the period to be appropriated9905€-1k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€305€-12k▼
Profit (loss) brought forward from the previous period14P€2k€305▼
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €28k ▲254%
Operating result €32k, net result €28k, both a record.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Mons · 1 establishment unit since 2018
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 des Clercs 67000 MonsGround area
405 m²
Building footprint
74 m²
Parcel 53403E0248/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Le Golden
since 20182.277.493.286
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53403E0248/00C000 | Wallonia | 405 m² | 1 · 74 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMons2.277.493.286
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 3,163 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
Founded22-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.