C-GAMES
InactiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-04-2026 PDF all 24 filings
Turnover
≈ €1.7m
Estimated: probably between €1.0m and €2.9m
Total assets
€340,939▼ 43.1%
2023 · €599,529
Net result
-€258,169
2023 · €41,791
Working capital
-€12,245
2023 · €308,874
Trend over the years
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is a loss of €225,440, against €47,952 in 2023. Comparable figures for the intervening years are unavailable.
Operating result-€225,440
2025
Net result-€258,169
2025
Total assets€340,939
2025
Equity€138,636
2025
Debt€202,304
2025
Working capital-€12,245
2025
Staff (FTE)2
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232025
Operating result€119,880--€10,099-€49,460▼ 390%€103,950€16,526▼ 84.1%€47,952▲ 190%-€225,440-
Net result€89,322--€12,576-€55,538▼ 342%€89,900€13,328▼ 85.2%€41,791▲ 214%-€258,169-
Equity€422,332-€409,756▼ 3.0%€354,218▼ 13.6%€443,318▲ 25.2%€455,846▲ 2.8%€496,804▲ 9.0%€138,636-
Total assets€674,224-€942,241▲ 39.8%€708,893▼ 24.8%€691,399▼ 2.5%€618,793▼ 10.5%€599,529▼ 3.1%€340,939-
Debt€251,892-€532,485▲ 111%€354,675▼ 33.4%€248,081▼ 30.1%€162,947▼ 34.3%€102,725▼ 37.0%€202,304-
Working capital€49,437-€12,654▼ 74.4%€54,872▲ 334%€196,475▲ 258%€223,541▲ 13.8%€308,874▲ 38.2%-€12,245-
Staff (FTE)4.6-3.8▼ 17.4%2.8▼ 26.3%2.8=2▼ 28.6%2=2-
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €340,939
Fixed assets
€150,881 ▼ 27.8%
Current assets
€190,058 ▼ 51.3%
Equity and liabilities €340,939
Equity
€138,636 ▼ 72.1%
Debt
€202,304 ▲ 96.9%
Debt's share of the balance-sheet total rises from 17.1% to 59.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€153,448▼
2023 · €138,906
Cash flow
-€186,177▼
2023 · €132,745
Current ratio
0.94▼
2023 · 4.78
Debt to equity
1.46▲
2023 · 0.21
ROE
-186.2%▼
2023 · 8.4%
ROA
-75.7%▼
2023 · 7.0%
Interest coverage
-43.96▼
2023 · 73.35
Debt ≤ 1 year
€202,304▲
2023 · €81,649
Debt > 1 year
€0▼
2023 · €17,600
Income taxes
€29,646▲
2023 · €4,425
Staff costs
€298,944▲
2023 · €162,103
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 | 2 |
| part-time | 1 | 0 | 0 | 0 |
| in full-time equivalents | 2.8 | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 2.5 | 2 | 2 | 2 |
| On a permanent contract | 3 | 2 | 2 | 2 |
| Joined | - | - | 0 | - |
| Left | - | - | 0 | - |
| Training hours | - | - | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €8,812 | €31,455 | €9,854 | €118,384 |
| Depreciation and write-downs of the year | €103,122 | €94,106 | €90,954 | €71,992 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €99,067 | €138,673 | €162,103 | €298,944 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158,816 | €213,776 | €181,763 | €103,122 | €94,106 | €90,954 | €71,992 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €13,308 | - |
| Other operating charges640/8 | - | - | - | €90,489 | €271,977 | €263,924 | €565,301 | - |
| Gross operating margin9900 | €643,736 | €582,518 | €340,894 | €396,629 | €521,282 | €564,932 | €724,104 | - |
| Operating profit (loss)9901 | €119,880 | -€10,099 | -€49,460 | €103,950 | €16,526 | €47,952 | -€225,440 | - |
| Financial income75/76B | - | - | - | €275 | €446 | €158 | €408 | - |
| Recurring financial income75 | €45 | €637 | €0 | €275 | €446 | €158 | €408 | - |
| Financial charges65/66B | - | - | - | €5,025 | €2,093 | €1,894 | €3,491 | - |
| Recurring financial charges65 | €5,840 | €2,787 | €5,644 | €5,025 | €2,093 | €1,894 | €3,491 | - |
| Profit (loss) for the period before taxes9903 | €114,085 | -€12,249 | -€55,104 | €99,200 | €14,879 | €46,216 | -€228,522 | - |
| Income taxes67/77 | €24,763 | €327 | €434 | €9,300 | €1,552 | €4,425 | €29,646 | - |
| Profit (loss) for the period9904 | €89,322 | -€12,576 | -€55,538 | €89,900 | €13,328 | €41,791 | -€258,169 | - |
| Profit (loss) for the period to be appropriated9905 | €89,322 | -€12,576 | -€55,538 | €89,900 | €13,328 | €41,791 | -€258,169 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €674,224 | €942,241 | €708,893 | €691,399 | €618,793 | €599,529 | €340,939 | - |
| Fixed assets21/28 | €380,590 | €571,896 | €448,772 | €354,462 | €291,811 | €209,007 | €150,881 | - |
| Intangible fixed assets21 | €233,549 | €166,667 | €100,000 | €100,000 | €100,000 | €100,000 | €0 | - |
| Tangible fixed assets22/27 | €142,505 | €400,697 | €344,240 | €249,929 | €187,278 | €104,474 | €146,349 | - |
| Land and buildings22 | - | - | - | - | €4,706 | €4,204 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €150,626 | €86,476 | €10,326 | €52,632 | - |
| Furniture and vehicles24 | - | - | - | €5,520 | €6,026 | €3,590 | €2,369 | - |
| Other tangible fixed assets26 | - | - | - | €93,784 | €90,070 | €86,354 | €91,348 | - |
| Financial fixed assets28 | €4,536 | €4,532 | €4,532 | €4,532 | €4,532 | €4,532 | €4,532 | - |
| Current assets29/58 | €293,635 | €370,344 | €260,121 | €336,937 | €326,982 | €390,523 | €190,058 | - |
| Amounts receivable within one year40/41 | €148,315 | €247,699 | €168,199 | €261,586 | €168,537 | €263,450 | €117,792 | - |
| Trade receivables40 | - | - | - | €75,978 | €32,992 | €47,734 | €72,042 | - |
| Other amounts receivable41 | - | - | - | €185,608 | €135,545 | €215,715 | €45,750 | - |
| Cash at bank and in hand54/58 | €141,979 | €117,942 | €87,745 | €72,334 | €156,674 | €125,955 | €70,944 | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,017 | €1,772 | €1,118 | €1,322 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €674,224 | €942,241 | €708,893 | €691,399 | €618,793 | €599,529 | €340,939 | - |
| Equity10/15 | €422,332 | €409,756 | €354,218 | €443,318 | €455,846 | €496,804 | €138,636 | - |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | - |
| Revaluation surpluses12 | - | - | - | €100,000 | €100,000 | €100,000 | €0 | - |
| Reserves13 | €163,608 | €163,608 | €163,608 | €252,708 | €265,236 | €306,194 | €306,194 | - |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €17,677 | €17,677 | - |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €17,677 | €17,677 | - |
| Distributable reserves133 | - | - | - | €246,508 | €259,036 | €288,518 | €288,518 | - |
| Profit (loss) carried forward14 | €96,724 | €84,148 | €28,610 | €28,610 | €28,610 | €28,610 | -€229,559 | - |
| Amounts payable17/49 | €251,892 | €532,485 | €354,675 | €248,081 | €162,947 | €102,725 | €202,304 | - |
| Amounts payable after more than one year17 | €3,750 | €164,989 | €146,606 | €97,583 | €52,800 | €17,600 | €0 | - |
| Financial debts170/4 | - | - | - | €97,583 | €52,800 | €17,600 | €0 | - |
| Amounts payable within one year42/48 | €244,198 | €357,690 | €205,249 | €140,462 | €103,442 | €81,649 | €202,304 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €73,533 | €44,783 | €35,200 | €0 | - |
| Trade debts44 | €69,704 | €148,369 | €26,728 | €17,478 | €604 | €3,616 | €128,154 | - |
| Suppliers440/4 | - | - | - | €17,478 | €604 | €3,616 | €128,154 | - |
| Taxes, remuneration and social security45 | - | - | - | €48,651 | €57,254 | €41,582 | €71,649 | - |
| Taxes450/3 | - | - | - | €28,093 | €35,229 | €16,710 | €51,135 | - |
| Remuneration and social security454/9 | - | - | - | €20,558 | €22,025 | €24,872 | €20,514 | - |
| Other amounts payable47/48 | - | - | - | €800 | €800 | €1,251 | €2,500 | - |
| Accrued charges and deferred income492/3 | - | - | - | €10,035 | €6,705 | €3,476 | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89,322 | -€12,576 | -€55,538 | €89,900 | €13,328 | €41,791 | -€258,169 | - |
| + Depreciation and write-downs630 | €158,816 | €213,776 | €181,763 | €103,122 | €94,106 | €90,954 | €71,992 | - |
| Operating cash flow (approximation) | €248,138 | €201,200 | €126,224 | €193,023 | €107,434 | €132,745 | -€186,177 | - |
| Investment in fixed assets (approximation) | - | -€405,083 | -€58,638 | -€8,812 | -€31,455 | -€8,150 | - | - |
| Change in cash | - | -€24,037 | -€30,196 | -€15,411 | €84,340 | -€30,719 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00100427 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00133747 | |
| 31-12-2022 | abbreviated format | 12-05-2023 | 2023-00085946 | |
| 31-12-2021 | abbreviated format | 25-05-2022 | 2022-20034409 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-42200090 | |
| 31-12-2019 | abbreviated format | 23-05-2020 | 2020-12900086 | |
| 31-12-2018 | abbreviated format | 15-04-2019 | 2019-10000071 | |
| 31-12-2017 | micro format | 24-09-2018 | 2018-64300441 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58600519 | |
| 31-12-2015 | abbreviated format | 28-09-2016 | 2016-62300456 |