CDG DEVELOPMENT SA
ActiveSummary
CDG DEVELOPMENT SA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €574,050. Equity is growing by ~13.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 5.23 against 1.05 in 2024; short-term debt: 3% and cash: 1.7% of total assets), and 3.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.9%
Return on assets
17.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
121 d early
2023
93 d early
2022
94 d early
2021
11 d early
2020
26 d late
2019
101 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 69 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€574,050▲ 2.9%
2024 · €557,975
Working capital
€421,189▲ 3,759%
2024 · €10,914
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€134,891€10,127▼ 92.5%-€42,758-€65,631▼ 53.5%-€41,391▲ 36.9%
Net result€297,249€872,060▲ 193%-€136,093€557,975€574,050▲ 2.9%
Equity€1.5m▲ 12.2%€2.4m▲ 56.4%€2.3m▼ 5.6%€2.8m▲ 24.5%€3.3m▲ 14.6%
Total assets€3.1m▲ 6.6%€3.0m▼ 1.9%€2.8m▼ 6.1%€3.1m▲ 8.1%€3.4m▲ 9.2%
Debt€1.5m▲ 1.6%€613,210▼ 60.3%€563,026▼ 8.2%€236,317▼ 58.0%€105,600▼ 55.3%
Working capital-€1.2m▲ 3.9%-€213,104▲ 81.7%-€390,829▼ 83.4%€10,914€421,189▲ 3,759%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41,391 in 2025 against €65,631 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€2.8m ▲ 0.2%
Current assets
€520,789 ▲ 114%
Equity and liabilities €3.4m
Equity
€3.3m ▲ 14.6%
Debt
€105,600 ▼ 55.3%
Debt's share of the balance-sheet total falls from 7.7% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
5.23▲
2024 · 1.05
Debt to equity
0.03▼
2024 · 0.08
ROE
17.6%▼
2024 · 19.6%
ROA
17.1%▼
2024 · 18.1%
Debt ≤ 1 year
€99,600▼
2024 · €232,542
Income taxes
€60,095▲
2024 · €44,703
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €268 | €1,067 | €1,138 | €938 | €1,139 | ▲ 21.4% |
| Gross operating margin9900 | €135,159 | €11,194 | -€41,620 | -€64,693 | -€40,252 | ▲ 37.8% |
| Operating profit (loss)9901 | €134,891 | €10,127 | -€42,758 | -€65,631 | -€41,391 | ▲ 36.9% |
| Financial income75/76B | €299,790 | €1.0m | €6,050 | €626,716 | €607,280 | ▼ 3.1% |
| Recurring financial income75 | €299,790 | €1.0m | €6,050 | €626,716 | €607,280 | ▼ 3.1% |
| Financial charges65/66B | €83,061 | €52,312 | €97,267 | -€41,593 | -€68,256 | ▼ 64.1% |
| Recurring financial charges65 | €83,061 | €52,312 | €97,267 | -€41,593 | -€68,256 | ▼ 64.1% |
| Profit (loss) for the period before taxes9903 | €351,620 | €960,415 | -€133,975 | €602,678 | €634,145 | ▲ 5.2% |
| Income taxes67/77 | €54,371 | €88,355 | €2,118 | €44,703 | €60,095 | ▲ 34.4% |
| Profit (loss) for the period9904 | €297,249 | €872,060 | -€136,093 | €557,975 | €574,050 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €297,249 | €872,060 | -€136,093 | €557,975 | €574,050 | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.0m | €2.8m | €3.1m | €3.4m | ▲ 9.2% |
| Fixed assets21/28 | €2.7m | €2.7m | €2.7m | €2.8m | €2.8m | ▲ 0.2% |
| Tangible fixed assets22/27 | €265,179 | €226,929 | €226,929 | €386,929 | €386,929 | = |
| Land and buildings22 | €265,179 | €226,929 | €226,929 | €386,929 | €386,929 | = |
| Financial fixed assets28 | €2.4m | €2.4m | €2.4m | €2.4m | €2.5m | ▲ 0.3% |
| Current assets29/58 | €378,818 | €358,467 | €172,190 | €243,456 | €520,789 | ▲ 114% |
| Current investments50/53 | €254,119 | €238,150 | €167,860 | €234,300 | €464,970 | ▲ 98.5% |
| Cash at bank and in hand54/58 | €124,699 | €120,317 | €4,330 | €9,156 | €55,819 | ▲ 510% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.0m | €2.8m | €3.1m | €3.4m | ▲ 9.2% |
| Equity10/15 | €1.5m | €2.4m | €2.3m | €2.8m | €3.3m | ▲ 14.6% |
| Contributions10/11 | €719,000 | €719,000 | €719,000 | €719,000 | €719,000 | = |
| Capital10 | €719,000 | €719,000 | €719,000 | €719,000 | €719,000 | = |
| Issued capital100 | €719,000 | €719,000 | €719,000 | €719,000 | €719,000 | = |
| Reserves13 | €826,700 | €1.7m | €1.7m | €2.1m | €2.5m | ▲ 19.5% |
| Non-distributable reserves130/1 | €38,200 | €71,900 | €71,900 | €71,900 | €71,900 | = |
| Legal reserve130 | €38,200 | €71,900 | €71,900 | €71,900 | €71,900 | = |
| Distributable reserves133 | €788,500 | €1.6m | €1.6m | €2.0m | €2.5m | ▲ 20.2% |
| Profit (loss) carried forward14 | €168 | €228 | -€135,865 | €110 | €159 | ▲ 45.3% |
| Amounts payable17/49 | €1.5m | €613,210 | €563,026 | €236,317 | €105,600 | ▼ 55.3% |
| Amounts payable within one year42/48 | €1.5m | €571,571 | €563,019 | €232,542 | €99,600 | ▼ 57.2% |
| Trade debts44 | - | - | €819 | €342 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €819 | €342 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €24,371 | €111,571 | €87,200 | €42,200 | €99,600 | ▲ 136% |
| Taxes450/3 | €24,371 | €111,571 | €87,200 | €42,200 | €99,600 | ▲ 136% |
| Other amounts payable47/48 | €1.5m | €460,000 | €475,000 | €190,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €41,639 | €7 | €3,775 | €6,000 | ▲ 59.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €297,249 | €872,060 | -€136,093 | €557,975 | €574,050 | ▲ 2.9% |
| Operating cash flow (approximation) | €297,249 | €872,060 | -€136,093 | €557,975 | €574,050 | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | €38,250 | €0 | -€160,000 | -€6,500 | ▲ 95.9% |
| Change in cash | - | -€4,382 | -€115,988 | €4,826 | €46,663 | ▲ 867% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 5current ratio 5.23
Current ratio from 1.05 to 5.23; short-term debt falls from €232,542 to €99,600.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €557,975
Net result €557,975 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.05
Current ratio from 0.31 to 1.05; short-term debt falls from €563,019 to €232,542.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€136,093
Net result drops to -€136,093, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €872,060 ▲193%
Net result €872,060, the highest in the series.
31-12
Financial
Equity above €2mEq €2.4m ▲56.4%
2 profitable years in a row build equity to €2.4m.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €297,249
Net result €297,249 after 2 loss-making years.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Ukkel · 1 establishment unit since 2011
Ground area
1.6 ha
Building footprint
1,161 m²
Volume, LiDAR
28,357 m³
Parcel 21612C0056/02E084, Brussels · tallest building 28.5 m, ±8 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Montjoielaan 167, 1180 Ukkel
since 20112.206.377.737
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0056/02E084 | Brussels | 1.6 ha | 1 · 1,161 m² | 28.5 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 2025Equity €3.8mResult €2.5m99.97%
According to the 2025 annual accounts of CDG DEVELOPMENT SA and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600DDU8ESX8HL8K85
Identification & contact
Identification
Legal formPublic limited company
Founded23-11-2010
Fiscal year end31-12
Abbreviation FR
CDG SA
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831289406
Also
9925:BE0831289406
Registered
01-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.