From the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
C. GROUP is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.6m and a net result of €774,013. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 66% of 3,028 sector peers (NACE 64, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 09-07-2026
- Format
- full format
- Reference
- 2026-00271576
Equity
€2.6m▲ 32.8%
2024 · €1.9m
Net result
€774,013▲ 40.7%
2024 · €549,937
Total assets
€3.3m▲ 29.9%
2024 · €2.5m
Solvency
77.9%▲ 1.7pp
2024 · 76.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 190% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result€0.05m
2025
Net result€0.8m
2025
Assets, equity and debt per financial year.
Total assets€3.3m
2025
Equity€2.6m
2025
Debt€0.7m
2025
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€2.5m
2025
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Return on assets (ROA)23.6%
2025
The higher the solvency, the better the company absorbs a setback.
Solvency77.9%
2025
A ratio above 1 means the short-term assets cover the short-term debts.
Current ratio6.56
2025
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)6
2025
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.9m
Operating result€0.007m--€0.04m€0.02m-€0.05m€0.07m€0.06m▼ 10.1%€0.02m▼ 70.4%€0.05m▲ 190%
Net result€0.03m--€0.005m€0.03mwithin the sector's middle half-€0.05mbelow the sector's middle half€0.2mabove the sector's middle half€0.7mabove the sector's middle half▲ 198%€0.5mabove the sector's middle half▼ 19.8%€0.8mwithin the sector's middle half▲ 40.7%
Equity€0.8m-€0.8m▼ 0.7%€0.9mwithin the sector's middle half▲ 3.8%€0.8mwithin the sector's middle half▼ 5.9%€0.9mwithin the sector's middle half▲ 16.2%€1.5mwithin the sector's middle half▲ 62.7%€1.9mwithin the sector's middle half▲ 26.8%€2.6mwithin the sector's middle half▲ 32.8%
Total assets€0.9m-€1.0m▲ 9.7%€0.9mwithin the sector's middle half▼ 6.3%€0.9mwithin the sector's middle half▲ 4.3%€1.4mwithin the sector's middle half▲ 54.9%€2.1mwithin the sector's middle half▲ 44.0%€2.5mwithin the sector's middle half▲ 21.5%€3.3mwithin the sector's middle half▲ 29.9%
Debt€0.04m-€0.1m▲ 214%€0.04m▼ 69.7%€0.1m▲ 223%€0.5m▲ 295%€0.6m▲ 9.7%€0.6m▲ 7.2%€0.7m▲ 20.7%
Working capital€0.7m-€0.6m▼ 16.9%€0.7mabove the sector's middle half▲ 22.5%€0.6mabove the sector's middle half▼ 11.6%€0.8mabove the sector's middle half▲ 19.0%€1.7mabove the sector's middle half▲ 128%€1.9mabove the sector's middle half▲ 10.9%€2.5mabove the sector's middle half▲ 29.5%
Solvency95.2%-86.2%▼ 9.0pp95.5%above the sector's middle half▲ 9.4pp86.1%above the sector's middle half▼ 9.4pp64.6%within the sector's middle half▼ 21.5pp73.0%within the sector's middle half▲ 8.4pp76.2%within the sector's middle half▲ 3.2pp77.9%within the sector's middle half▲ 1.7pp
Current ratio17.95-5.47▼ 12.4919.06above the sector's middle half▲ 13.606.03above the sector's middle half▼ 13.032.48within the sector's middle half▼ 3.5513.69above the sector's middle half▲ 11.2011.70above the sector's middle half▼ 1.996.56above the sector's middle half▼ 5.14
Return on assets (ROA)3.9%--0.6%▼ 4.4pp3.5%within the sector's middle half▲ 4.1pp-5.4%below the sector's middle half▼ 9.0pp15.9%above the sector's middle half▲ 21.4pp33.0%above the sector's middle half▲ 17.0pp21.7%above the sector's middle half▼ 11.2pp23.6%above the sector's middle half▲ 1.8pp
Staff (FTE)2-2=2within the sector's middle half=2.4within the sector's middle half▲ 20.0%3.8above the sector's middle half▲ 58.3%4.5above the sector's middle half▲ 18.4%5above the sector's middle half▲ 11.1%6within the sector's middle half▲ 20.0%
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€352,278 ▼ 18.1%
Current assets
€2.9m ▲ 39.7%
Equity and liabilities €3.3m
Equity
€2.6m ▲ 32.8%
Debt
€726,707 ▲ 20.7%
Debt's share of the balance-sheet total falls from 23.8% to 22.1%. Equity and debt are higher.
Key figures and ratios
ROE
30.3%▲
2024 · 28.5%
Debt ≤ 1 year
€447,115▲
2024 · €179,421
Debt > 1 year
€279,309▼
2024 · €422,582
Income taxes
€20,019▲
2024 · €10,070
Staff costs
€564,884▲
2024 · €455,795
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | - | - | €1.6m | - |
| Turnover70 | - | - | - | - | - | - | - | €0.9m | - |
| Other operating income74 | - | - | - | - | - | - | - | €0.7m | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | - | - | - | - | €1.5m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | - | €0.06m | - |
| Purchases600/8 | - | - | - | - | - | - | - | €0.06m | - |
| Services and other goods61 | - | - | - | - | - | - | - | €0.4m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.003m | €0.005m | €0.003m | €0.008m | €0.02m | €0.07m | €0.08m | ▲ 11.7% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.02m | €0.009m | €0.01m | €0.5m | ▲ 37× |
| Non-recurring operating charges66A | - | - | - | €0.02m | €0 | - | - | - | - |
| Gross operating margin9900 | €0.2m | €0.1m | €0.1m | €0.1m | €0.4m | €0.5m | €0.6m | - | - |
| Operating profit (loss)9901 | €0.007m | -€0.04m | €0.02m | -€0.05m | €0.07m | €0.06m | €0.02m | €0.05m | ▲ 190% |
| Financial income75/76B | - | - | - | €0.003m | €0.2m | €0.7m | €0.6m | €0.8m | ▲ 35.8% |
| Recurring financial income75 | €0.04m | €0.04m | €0.02m | €0.003m | €0.2m | €0.7m | €0.6m | €0.8m | ▲ 35.8% |
| Income from financial fixed assets750 | - | - | - | - | - | - | - | €0.8m | - |
| Income from current assets751 | - | - | - | - | - | - | - | €0.003m | - |
| Other financial income752/9 | - | - | - | - | - | - | - | €6 | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.003m | €0.006m | €0.01m | €0.01m | ▼ 8.5% |
| Recurring financial charges65 | €0.001m | €0.001m | €390 | €0.001m | €0.003m | €0.005m | €0.01m | €0.01m | ▼ 2.1% |
| Debt charges650 | - | - | - | - | - | - | - | €0.009m | - |
| Other financial charges652/9 | - | - | - | - | - | - | - | €0.003m | - |
| Non-recurring financial charges66B | - | - | - | - | - | €0.001m | €0.001m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.05m | €369 | €0.04m | -€0.05m | €0.3m | €0.7m | €0.6m | €0.8m | ▲ 41.8% |
| Income taxes67/77 | €0.02m | €0.006m | €0.006m | €0.001m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 98.8% |
| Taxes670/3 | - | - | - | - | - | - | - | €0.02m | - |
| Profit (loss) for the period9904 | €0.03m | -€0.005m | €0.03m | -€0.05m | €0.2m | €0.7m | €0.5m | €0.8m | ▲ 40.7% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.06m | €0.03m | -€0.05m | €0.2m | €0.7m | €0.5m | €0.8m | ▲ 40.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €0.9m | €0.9m | €1.4m | €2.1m | €2.5m | €3.3m | ▲ 29.9% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | ▼ 18.1% |
| Intangible fixed assets21 | - | - | - | €0.03m | €0.02m | €0.02m | €0.01m | €0.005m | ▼ 56.6% |
| Tangible fixed assets22/27 | €0.02m | €0.004m | €0.003m | €0.004m | €0.006m | €0.05m | €0.3m | €0.2m | ▼ 26.1% |
| Plant, machinery and equipment23 | - | - | - | - | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 33.5% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.004m | €0.05m | €0.3m | €0.2m | ▼ 26.1% |
| Financial fixed assets28 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Affiliated companies280/1 | - | - | - | - | - | - | - | €0.1m | - |
| Participating interests280 | - | - | - | - | - | - | - | €0.1m | - |
| Current assets29/58 | €0.8m | €0.7m | €0.8m | €0.8m | €1.3m | €1.9m | €2.1m | €2.9m | ▲ 39.7% |
| Amounts receivable after more than one year29 | - | - | - | €0.5m | €0.9m | €1.1m | €1.2m | €1.6m | ▲ 39.0% |
| Other amounts receivable291 | - | - | - | €0.5m | €0.9m | €1.1m | €1.2m | €1.6m | ▲ 39.0% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €0.7m | €0.5m | €0.2m | €0.1m | €0.06m | €0.1m | €0.2m | €0.6m | ▲ 164% |
| Trade receivables40 | - | - | - | €0.06m | €0.009m | €0.02m | €0.07m | €0.3m | ▲ 353% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.05m | €0.1m | €0.2m | €0.3m | ▲ 86.6% |
| Current investments50/53 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other investments51/53 | - | - | - | - | - | - | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.05m | €0.04m | €0.1m | €0.3m | €0.6m | €0.6m | €0.6m | ▲ 6.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.009m | €0.004m | €0.06m | €0.01m | ▼ 77.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €0.9m | €0.9m | €1.4m | €2.1m | €2.5m | €3.3m | ▲ 29.9% |
| Equity10/15 | €0.8m | €0.8m | €0.9m | €0.8m | €0.9m | €1.5m | €1.9m | €2.6m | ▲ 32.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.5m | €1.9m | €2.5m | ▲ 33.1% |
| Distributable reserves133 | - | - | - | €0.8m | €0.9m | €1.5m | €1.9m | €2.5m | ▲ 33.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €0.04m | €0.1m | €0.04m | €0.1m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 20.7% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.4m | €0.4m | €0.3m | ▼ 33.9% |
| Financial debts170/4 | - | - | - | - | - | €0.03m | €0.1m | €0.08m | ▼ 35.3% |
| Credit institutions173 | - | - | - | - | - | - | - | €0.08m | - |
| Other amounts payable178/9 | - | - | - | - | - | €0.4m | €0.3m | €0.2m | ▼ 33.3% |
| Amounts payable within one year42/48 | €0.04m | €0.1m | €0.04m | €0.1m | €0.5m | €0.1m | €0.2m | €0.4m | ▲ 149% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.01m | €0.04m | €0.04m | ▲ 4.6% |
| Financial debts43 | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Trade debts44 | €0.008m | €0.01m | €0.008m | €0.04m | €0.02m | €0.01m | €0.04m | €0.2m | ▲ 488% |
| Suppliers440/4 | - | - | - | €0.04m | €0.02m | €0.01m | €0.04m | €0.2m | ▲ 488% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 15.8% |
| Taxes450/3 | - | - | - | €0.01m | €0.04m | €0.04m | €0.02m | €0.02m | ▲ 23.6% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.05m | €0.07m | €0.08m | €0.09m | ▲ 13.9% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.4m | €0 | - | €0.08m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0 | €158 | €0 | €283 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,535 | -€5,486 | €31,612 | -€50,772 | €230,103 | €685,872 | €549,937 | €774,013 | ▲ 40.7% |
| + Depreciation and write-downs630 | €2,870 | €3,479 | €5,231 | €2,981 | €8,003 | €17,788 | €72,130 | €80,560 | ▲ 11.7% |
| Operating cash flow (approximation) | €36,405 | -€2,007 | €36,842 | -€47,791 | €238,105 | €703,660 | €622,068 | €854,572 | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | -€117,806 | €96,105 | -€38,911 | -€13,946 | -€57,757 | -€287,709 | -€2,743 | ▲ 99.0% |
| Change in cash | - | €25,545 | -€8,921 | €90,110 | €168,973 | €307,533 | -€7,756 | €39,841 | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-07-2026 | 2026-00271576 | NBB |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00242401 | |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00267004 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00304871 | |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20188929 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37800062 | |
| 31-12-2019 | abbreviated format | 01-07-2020 | 2020-25400187 | |
| 31-12-2018 | abbreviated format | 17-07-2019 | 2019-35300289 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-40500400 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-32100326 |
Comparable companies
These companies have the same main activity as C. GROUP: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €2.7m and €7.9m, founded between 2001 and 2012.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| C. GROUP Hasselt | 2007 | €3.3m | €2.6m | €0.9m | €0.8m | 6 | 2025 |
| ISS TECHNICAL SERVICES Brussel | 2005 | €3.9m | €1.2m | €0.9m | -€0.01m | 3.8 | 2025 |
| DIFFERENT HOTEL GROUP Genk | 2001 | €5.0m | €2.8m | €1.1m | €0.5m | 4.3 | 2025 |
| ARTEMIS HOLDING Genk | 2003 | €7.9m | €4.4m | €0.8m | -€479 | 7.6 | 2025 |
| WIJTRABO Tessenderlo-Ham | 2007 | €7.9m | €5.6m | €0.6m | €0.3m | 5.5 | 2025 |
| DE POELBERG Tielt | 2002 | €5.6m | €5.3m | €0.9m | €0.9m | 4.5 | 2025 |
| BRUDO Veurne | 2012 | €2.7m | €1.7m | €0.6m | €0.5m | 6.5 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Subsidies and aid
Flemish government
2023 · 1 entry · €152 awarded · €152 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.