CDG
ActiveSummary
CDG has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,076 and a net result of -€15,273. Equity is shrinking by about 3.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €110,076
- Loss
- -€15,273
- Holdings
- 1
- de GRANGES de SURGERES CédricDirector
- LAMARCHE AstridDirector
Why 86raises riskLiquidity: current ratio 0.21, cash €6,323Equity €110,076 (10.8% of total assets)lowers riskSize: total assets €1.0mNo main activity registeredShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 23% on solvency, 42% on liquidity, 19% on profitability and 22% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Capital & shares · MiscellaneousShareholding · Director in office…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €12,020 after a loss of €119,933 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96.4% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 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% | 0.9% |
| 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 74.5% 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 2,507 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,362 | - | - | - | - | €94,500 | €22,240 | ▼ 76.5% |
| Other operating charges640/8 | - | - | - | €348 | €498 | €1,324 | €1,950 | ▲ 47.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €20,629 | - | - |
| Gross operating margin9900 | €24,892 | €162,938 | -€1,999 | -€1,691 | -€2,015 | -€3,481 | €36,210 | - |
| Operating profit (loss)9901 | -€2,715 | €160,257 | -€2,496 | -€2,038 | -€2,513 | -€119,933 | €12,020 | - |
| Financial income75/76B | - | - | - | €6,007 | €3,532 | €1,685 | - | - |
| Recurring financial income75 | €13,488 | €10,076 | €5,934 | €6,007 | €3,532 | €1,685 | - | - |
| Financial charges65/66B | - | - | - | €4,674 | €3,004 | €21,975 | €28,616 | ▲ 30.2% |
| Recurring financial charges65 | €21,845 | €22,541 | €5,876 | €4,674 | €3,004 | €21,975 | €28,616 | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | -€11,072 | €147,792 | -€2,438 | -€705 | -€1,985 | -€140,223 | -€16,596 | ▲ 88.2% |
| Transfer from deferred taxes780 | - | - | - | - | - | €832 | €1,323 | ▲ 59.1% |
| Profit (loss) for the period9904 | -€11,072 | €96,118 | -€2,438 | -€705 | -€1,985 | -€139,391 | -€15,273 | ▲ 89.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €2,495 | €3,970 | ▲ 59.1% |
| Profit (loss) for the period to be appropriated9905 | -€11,072 | -€26,901 | -€2,438 | -€705 | -€1,985 | -€136,897 | -€11,303 | ▲ 91.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.4m | €0.4m | €0.4m | €0.4m | €1.0m | €1.0m | ▲ 3.9% |
| Fixed assets21/28 | €0.7m | €0.3m | €0.3m | €0.2m | €0.3m | €1.0m | €1.0m | ▲ 3.8% |
| Tangible fixed assets22/27 | €0.3m | - | - | - | - | €0.8m | €0.9m | ▲ 4.4% |
| Land and buildings22 | - | - | - | - | - | €0.8m | €0.8m | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.02m | €0.07m | ▲ 341% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.03m | €0.09m | €0.2m | €0.1m | €0.08m | €0.004m | €0.006m | ▲ 44.1% |
| Amounts receivable within one year40/41 | €0.001m | €174 | €109 | €109 | €0.04m | - | - | - |
| Trade receivables40 | - | - | - | - | €0.04m | - | - | - |
| Other amounts receivable41 | - | - | - | €109 | €109 | - | - | - |
| Current investments50/53 | €141 | €141 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.07m | €0.1m | €0.1m | €0.05m | €0.004m | €0.006m | ▲ 44.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.001m | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.4m | €0.4m | €0.4m | €0.4m | €1.0m | €1.0m | ▲ 3.9% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 12.2% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Contributions outside capital11 | - | - | - | €0.04m | - | - | - | - |
| Other1109/19 | - | - | - | €0.04m | - | - | - | - |
| Reserves13 | €0.004m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 3.1% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 3.1% |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.1m | €0.09m | €0.09m | -€0.04m | -€0.06m | ▼ 25.6% |
| Provisions and deferred taxes16 | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.04m | €0.04m | ▼ 3.1% |
| Deferred taxes168 | - | - | - | €0.05m | €0.05m | €0.04m | €0.04m | ▼ 3.1% |
| Amounts payable17/49 | €0.5m | €0.1m | €0.1m | €0.05m | €0.05m | €0.8m | €0.9m | ▲ 6.8% |
| Amounts payable after more than one year17 | €0.3m | €0.1m | €0.1m | €0.05m | €0.05m | €0.7m | €0.8m | ▲ 18.8% |
| Financial debts170/4 | - | - | - | €0.05m | €0.05m | €0.7m | €0.8m | ▲ 18.5% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.002m | - |
| Amounts payable within one year42/48 | €0.2m | €0.002m | €348 | €348 | €498 | €0.1m | €0.03m | ▼ 71.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.02m | €0.03m | ▲ 61.5% |
| Trade debts44 | €0.002m | €0.002m | €348 | €348 | €498 | €384 | €0.004m | ▲ 874% |
| Suppliers440/4 | - | - | - | €348 | €498 | €384 | €0.004m | ▲ 874% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €29 | - |
| Taxes450/3 | - | - | - | - | - | - | €29 | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.09m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.003m | €0.004m | €0.006m | ▲ 46.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,072 | €96,118 | -€2,438 | -€705 | -€1,985 | -€139,391 | -€15,273 | ▲ 89.0% |
| + Depreciation and write-downs630 | €25,362 | - | - | - | - | €94,500 | €22,240 | ▼ 76.5% |
| Operating cash flow (approximation) | €14,290 | €96,118 | -€2,438 | -€705 | -€1,985 | -€44,892 | €6,968 | - |
| Investment in fixed assets (approximation) | - | €325,307 | €68,750 | €30,000 | -€40,000 | -€795,319 | -€59,025 | ▲ 92.6% |
| Change in cash | - | €69,463 | €76,216 | -€23,476 | -€81,284 | -€40,752 | €1,934 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 23-01-2026 | 2026-00012558 |
| 30-06-2024 | micro format | 23-01-2025 | 2025-00009038 |
| 30-06-2023 | micro format | 05-01-2024 | 2024-00543551 |
| 30-06-2022 | micro format | 09-12-2022 | 2022-20534575 |
| 30-06-2021 | micro format | 31-12-2021 | 2021-82300105 |
| 30-06-2020 | micro format | 05-01-2021 | 2021-00100469 |
| 30-06-2019 | micro format | 06-12-2019 | 2019-75400274 |
| 30-06-2018 | micro format | 14-12-2018 | 2018-74300458 |
| 30-06-2017 | micro format | 19-01-2018 | 2018-01700321 |
| 30-06-2016 | full format | 13-01-2017 | 2017-01000335 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| de GRANGES de SURGERES Cédric |
|
| LAMARCHE Astrid |
|
Owners and capital
Capital and shareholders
- de GRANGES de SURGERES Candice 2 shares
- de GRANGES de SURGERES Rodrigue 2 shares
- de GRANGES de SURGERES Héloïse 2 shares
- de GRANGES de SURGERES Cédric 97 shares
- LAMARCHE Astrid 97 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-09-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
35%
According to the annual accounts to 30-06-2025 of CDG and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
3 board mandatesHistory
Acts, filings and financial milestones
14-08
Gazette deed
Capital & shares · MiscellaneousShareholding · Director in office · Real estate11 facts ▸
- General meeting, 29-07-2024
- Other provision, 01-03-2024
- Shareholding, 01-03-2024, 2 (3 times)
- Shareholding, 01-03-2024, 97 (2 times)
- Other provision, “adoptée à l'unanimité, confirmation nouvelle composition actionnariat” (deed in French)
- Director in office, LAMARCHE Astrid (director)
- Director in office, de GRANGES de SURGERES Cédric (director)
- Real estate, “Ixelles,rue Gray 183, administrateurs” (deed in French)
- Other provision, “adoptée à l'unanimité, confirmation intention acquisition immeuble prédécrit” (deed in French)
- Power of attorney, LAMARCHE Astrid
- Power of attorney, de GRANGES de SURGERES Cédric
04-09
Gazette deed
Resignation: de GRANGES de SURGERES Cédric (manager)Appointments: de GRANGES de SURGERES Cédric (director) and LAMARCHE Astrid (director) · Name change · Legal-form conversion13 facts ▸
- General meeting, 30-08-2023
- Name change, CDG
- Other provision, “adaptation statuts au Code des sociétés et associations, adapter statuts et prendre décisions ci-après” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Registered office clause, “1480 Saintes(Tubize),Rue Platain Bois,1” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Reserve release, “suppression compte indisponible,rendre disponible pour distribution”, 40920 (deed in French)
- Amendment of the articles, 5
- Amendment of the articles
- Director resignation, de GRANGES de SURGERES Cédric (manager)
- Director discharge, de GRANGES de SURGERES Cédric
- Director appointment, de GRANGES de SURGERES Cédric (director)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25097A0129/00H000 | Wallonia | 4,944 m² | 1 · 488 m² | 12.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Sortie adresse exacte des statuts, Région Wallonne” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour les modifications aux statuts, 19” (deed in French)“Décider de la dissolution ou de mesures annoncées dans l’ordre du jour afin d’assurer la continuité, PROCEDURE DE SONNETTE D’ALARME” (deed in French)