CDG DEVELOPMENT SA
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-04-2026 PDF all 16 filings
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▲ 39×
2024 · €10,914
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€41,391
▲ 36.9%
2025
20182025
Net result
€574,050
▲ 2.9%
2025
20182025
Equity
€3.3m
▲ 14.6%
2025
20182025
Total assets
€3.4m
▲ 9.2%
2025
20182025
Debt
€105,600
▼ 55.3%
2025
20182025
Working capital
€421,189
▲ 39×
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.08m--€0.03m▲ 68.8%-€0.007m▲ 73.2%€0.1m€0.01m▼ 92.5%-€0.04m-€0.07m▼ 53.5%-€0.04m▲ 36.9%
Net result€0.07m--€0.05m-€0.05m▲ 5.2%€0.3m€0.9m▲ 193%-€0.1m€0.6m€0.6m▲ 2.9%
Equity€1.5m-€1.4m▼ 4.1%€1.4m▼ 3.6%€1.5m▲ 12.2%€2.4m▲ 56.4%€2.3m▼ 5.6%€2.8m▲ 24.5%€3.3m▲ 14.6%
Total assets€2.2m-€2.1m▼ 5.7%€2.9m▲ 39.1%€3.1m▲ 6.6%€3.0m▼ 1.9%€2.8m▼ 6.1%€3.1m▲ 8.1%€3.4m▲ 9.2%
Debt€0.7m-€0.7m▼ 9.1%€1.5m▲ 132%€1.5m▲ 1.6%€0.6m▼ 60.3%€0.6m▼ 8.2%€0.2m▼ 58.0%€0.1m▼ 55.3%
Working capital-€0.4m--€0.4m▲ 5.1%-€1.2m▼ 236%-€1.2m▲ 3.9%-€0.2m▲ 81.7%-€0.4m▼ 83.4%€0.01m€0.4m▲ 39×
The operating result for 2025 is a loss of €41,391, smaller than the loss of €65,631 in 2024.
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.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €160,000 | - |
| Financial fixed assets | €294,500 | - | - | - | €6,500 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €268 | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 21.4% |
| Gross operating margin9900 | -€0.08m | -€0.03m | -€0.007m | €0.1m | €0.01m | -€0.04m | -€0.06m | -€0.04m | ▲ 37.8% |
| Operating profit (loss)9901 | -€0.08m | -€0.03m | -€0.007m | €0.1m | €0.01m | -€0.04m | -€0.07m | -€0.04m | ▲ 36.9% |
| Financial income75/76B | - | - | - | €0.3m | €1.0m | €0.006m | €0.6m | €0.6m | ▼ 3.1% |
| Recurring financial income75 | €0.1m | €0.006m | - | €0.3m | €1.0m | €0.006m | €0.6m | €0.6m | ▼ 3.1% |
| Financial charges65/66B | - | - | - | €0.08m | €0.05m | €0.1m | -€0.04m | -€0.07m | ▼ 64.1% |
| Recurring financial charges65 | -€0.03m | €0.03m | €0.04m | €0.08m | €0.05m | €0.1m | -€0.04m | -€0.07m | ▼ 64.1% |
| Profit (loss) for the period before taxes9903 | €0.08m | -€0.05m | -€0.05m | €0.4m | €1.0m | -€0.1m | €0.6m | €0.6m | ▲ 5.2% |
| Income taxes67/77 | €0.002m | €0.001m | - | €0.05m | €0.09m | €0.002m | €0.04m | €0.06m | ▲ 34.4% |
| Profit (loss) for the period9904 | €0.07m | -€0.05m | -€0.05m | €0.3m | €0.9m | -€0.1m | €0.6m | €0.6m | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €0.07m | -€0.05m | -€0.05m | €0.3m | €0.9m | -€0.1m | €0.6m | €0.6m | ▲ 2.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.1m | €2.9m | €3.1m | €3.0m | €2.8m | €3.1m | €3.4m | ▲ 9.2% |
| Fixed assets21/28 | €1.9m | €1.8m | €2.6m | €2.7m | €2.7m | €2.7m | €2.8m | €2.8m | ▲ 0.2% |
| Tangible fixed assets22/27 | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | €0.4m | €0.4m | = |
| Land and buildings22 | - | - | - | €0.3m | €0.2m | €0.2m | €0.4m | €0.4m | = |
| Financial fixed assets28 | €1.3m | €1.3m | €2.2m | €2.4m | €2.4m | €2.4m | €2.4m | €2.5m | ▲ 0.3% |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.2m | €0.2m | €0.5m | ▲ 114% |
| Amounts receivable within one year40/41 | €0.05m | €0.001m | - | - | - | - | - | - | - |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 98.5% |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.02m | €0.1m | €0.1m | €0.004m | €0.009m | €0.06m | ▲ 510% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €2.9m | €3.1m | €3.0m | €2.8m | €3.1m | €3.4m | ▲ 9.2% |
| Equity10/15 | €1.5m | €1.4m | €1.4m | €1.5m | €2.4m | €2.3m | €2.8m | €3.3m | ▲ 14.6% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.8m | €1.7m | €1.7m | €2.1m | €2.5m | ▲ 19.5% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | - | €0.8m | €1.6m | €1.6m | €2.0m | €2.5m | ▲ 20.2% |
| Profit (loss) carried forward14 | €0.001m | -€0.05m | -€0.1m | €168 | €228 | -€0.1m | €110 | €159 | ▲ 45.3% |
| Amounts payable17/49 | €0.7m | €0.7m | €1.5m | €1.5m | €0.6m | €0.6m | €0.2m | €0.1m | ▼ 55.3% |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €1.5m | €1.5m | €0.6m | €0.6m | €0.2m | €0.1m | ▼ 57.2% |
| Trade debts44 | €0.03m | €0.04m | €0.03m | - | - | €0.001m | €342 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | - | - | €0.001m | €342 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.1m | €0.09m | €0.04m | €0.1m | ▲ 136% |
| Taxes450/3 | - | - | - | €0.02m | €0.1m | €0.09m | €0.04m | €0.1m | ▲ 136% |
| Other amounts payable47/48 | - | - | - | €1.5m | €0.5m | €0.5m | €0.2m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.04m | €7 | €0.004m | €0.006m | ▲ 59.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,343 | -€54,234 | -€51,437 | €297,249 | €872,060 | -€136,093 | €557,975 | €574,050 | ▲ 2.9% |
| Operating cash flow (approximation) | €74,343 | -€54,234 | -€51,437 | €297,249 | €872,060 | -€136,093 | €557,975 | €574,050 | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | €79,851 | -€808,153 | -€112,072 | €38,250 | €0 | -€160,000 | -€6,500 | ▲ 95.9% |
| Change in cash | - | €3,151 | €6,292 | €102,579 | -€4,382 | -€115,988 | €4,826 | €46,663 | ▲ 867% |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-04-2026 | 2026-00104595 | |
| 31-12-2024 | full format | 01-04-2025 | 2025-00063887 | |
| 31-12-2023 | full format | 29-04-2024 | 2024-00081278 | |
| 31-12-2022 | full format | 28-04-2023 | 2023-00079837 | |
| 31-12-2021 | full format | 20-07-2022 | 2022-20225123 | |
| 31-12-2020 | full format | 26-08-2021 | 2021-56500183 | |
| 31-12-2019 | full format | 21-04-2020 | 2020-09700385 | |
| 31-12-2018 | full format | 21-06-2019 | 2019-21400133 | |
| 31-12-2017 | full format | 30-04-2018 | 2018-11700071 | |
| 31-12-2016 | full format | 23-05-2017 | 2017-13100577 |