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CBGEST

Active
Private limited companyfounded 200917 yrs activeEmile Verhaerenlaan 56, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0818.398.007
Summary

CBGEST has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€121) and a net result of -€1,708. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 38827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€610total assets 2025
Equity
-€121
Loss
-€1,708
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts 83 d early0 of 3 deeds read
Why 53Capped at 59: negative equity- Negative equity -€121- Loss of €1,708 (FY 2025)+ Size: total assets €610+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 11% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 5-86
equity -19.9% of total assets
Liquidity 50-35
short-term debt 119.9% · cash 41.4%
Profitability 0-100
return on assets -280.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,265 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%▲ +2.3% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%▲ +4.5% vs 02-2025 04-2025: < 0.1%▲ +2.2% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▼ -38.3% vs 05-2025lowest value 07-2025: < 0.1%● 0.0% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%▲ +3.4% vs 01-2026 03-2026: < 0.1%▲ +6.7% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: 0.2%▲ +638% vs 04-2026highest value 06-2026: 0.2%● 0.0% vs 05-2026highest value 07-2026: 0.2%● 0.0% vs 06-2026highest value 08-2026: 0.2%● 0.0% vs 07-2026highest value 09-2026: 0.2%● 0.0% vs 08-2026highest value 10-2026: 0.2%● 0.0% vs 09-2026highest value
  • Size: total assets €610 lowers the probability for this profile
  • Negative equity -€121 raises the probability
  • Loss of €1,708 (FY 2025) raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 6%, liquidity 33%, profitability 4%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €610
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€121
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €1,708 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€121
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 08-04-2026, 83 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
83 d early
2024
53 d early
2023
44 d early
2022
9 d early
2021
6 d early
2020
13 d early
2019
36 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 35 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 18 May (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today30-11-2026 close30-06-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Liquidity doublescurrent ratio 2.98

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€121 View
  • Caution: Among the weakest 7% on solvencysector median 56.0% · 38,827 companies -19.9% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€610
Loss
-€1,708
Solvency
-19.9%
Total assets▼ 74.5%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 30-06-2027
  1. 08-04-2026Annual accounts filed
  2. 08-05-2025Annual accounts filed
  3. 30-11-2024Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
04-09-2009
Year ends
30-11
Peppol
Reachable for e-invoices
Go to Company details

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