Turnover
The micro format states no turnover.
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (NACE 41, micro). It does better than 79% of them on solvency, 81% on liquidity, 82% on profitability and 80% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as CDGN has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CDGN itself: 1.1% within 12 months.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for CDGN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.7 (2.21 in 2024), above the usual 1.5. Short-term debt is 30.6% and cash 32.3% of total assets. 30.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 15 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CDGN Brussels | - | - | 69.4% | - |
| VISION RÉNOVATION Saint-Josse-ten-Noode | - | - | 49.2% | - |
| DIOSEI Anderlecht | - | - | 28.6% | - |
| A.J RENOVA Brussels | - | - | 62.5% | - |
| GREEN BUILD Berchem-Sainte-Agathe | €1.1m | 1.9% | 33.5% | - |
| IM RENOVATIONS Koekelberg | €0.7m | 4.3% | 95.2% | - |
| ZAHARI Dilbeek | - | - | 28.5% | - |
These companies have the same main activity as CDGN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €100,000 and €132,000, founded between 2022 and 2023.
CDGN files the micro format. That format states no turnover. The gross margin rose from €13,464 in 2022 to €40,982 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €160,000 and €510,000.
Higher than 78% of 9,471 companies in 2025.
Higher than 71% of 9,219 companies in 2025.
Higher than 80% of 9,291 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
108,336 | 73,298 | 28,159 | 16,107 | |
21/28 |
18,890 | 19,536 | 11,146 | 1,253 | |
22/27 |
835 | 1,481 | 2,126 | 1,253 | |
23 |
139 | 599 | 1,059 | - | |
26 |
696 | 882 | 1,067 | 1,253 | |
28 |
18,055 | 18,055 | 9,020 | - | |
29/58 |
89,446 | 53,762 | 17,013 | 14,854 | |
40/41 |
54,015 | 43,382 | 16,808 | 13,714 | |
40 |
- | 153 | 1,027 | 185 | |
41 |
54,015 | 43,229 | 15,780 | 13,529 | |
54/58 |
34,949 | 10,380 | 205 | 721 | |
490/1 |
482 | - | - | 418 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
108,336 | 73,298 | 28,159 | 16,107 | |
10/15 |
75,168 | 48,967 | 21,711 | 12,231 | |
10/11 |
4,000 | 4,000 | 4,000 | 4,000 | |
13 |
70,200 | 44,100 | 17,000 | 8,000 | |
133 |
70,200 | 44,100 | 17,000 | 8,000 | |
14 |
968 | 867 | 711 | 231 | |
17/49 |
33,168 | 24,331 | 6,448 | 3,876 | |
42/48 |
33,168 | 24,331 | 6,448 | 3,876 | |
44 |
16,892 | 10,857 | 2,057 | 65 | |
440/4 |
16,892 | 10,857 | 2,057 | 65 | |
45 |
16,276 | 13,475 | 4,391 | 3,810 | |
450/3 |
13,446 | 13,475 | 4,391 | 3,810 | |
454/9 |
2,830 | - | - | - | |
| Income statement | |||||
9900 |
40,982 | 41,182 | 14,467 | 13,464 | |
630 |
646 | 646 | 507 | 47 | |
640/8 |
614 | 227 | 54 | 1,360 | |
9901 |
39,722 | 40,310 | 13,906 | 12,057 | |
75/76B |
0 | 8 | - | - | |
75 |
0 | 8 | - | - | |
65/66B |
75 | 133 | 39 | 16 | |
65 |
75 | 133 | 39 | 16 | |
9903 |
39,648 | 40,185 | 13,867 | 12,042 | |
67/77 |
13,446 | 12,930 | 4,387 | 3,810 | |
9904 |
26,202 | 27,255 | 9,480 | 8,231 | |
9905 |
26,202 | 27,255 | 9,480 | 8,231 | |
| Appropriation of the result | |||||
9906 |
27,068 | 27,967 | 9,711 | 8,231 | |
14P |
867 | 711 | 231 | - | |
691/2 |
26,100 | 27,100 | 9,000 | 8,000 | |
6921 |
26,100 | 27,100 | 9,000 | 8,000 | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-06-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 40,367 | 40,955 | 14,413 | 12,104 | ||
| 26,847 | 27,901 | 9,987 | 8,278 | ||
| 0 | 9,035 | 10,400 | 1,300 | ||
| 24,569 | 10,175 | -516 | - | ||
| 56,278 | 29,431 | 10,565 | 10,978 | ||
| 69.4% | 66.8% | 77.1% | 75.9% | ||
| 2.70 | 2.21 | 2.64 | 3.83 | ||
| 0.44 | 0.50 | 0.30 | 0.32 | ||
| 34.9% | 55.7% | 43.7% | 67.3% | ||
| 24.2% | 37.2% | 33.7% | 51.1% | ||
| over 100 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,380 | €1,300 |
| Financial fixed assets | - | €9,035 | €9,020 | - |
| €646 | €646 | €507 | €47 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 1% lower than in 2024.
Debt's share of the balance-sheet total falls from 33.2% to 30.6%. Equity and debt are higher.
CDGN has no parent and no holdings in its annual accounts. WAUTERS Gregory Léopold is the only director. CDGN shares no director with another company.
| CHEZ-SOI CONCEPT
establishment since 01-01-2020 · founded in 2019 |
total assets €1.1m (2025) 0740.614.893 |
| MDR GROUPE
registered office since 21-09-2017 · founded in 2017 |
total assets €359,567 (2024) 0681.610.486 |
| GD Immo Projects
registered office since 31-08-2006 · founded in 2005 |
total assets €230,528 (2025) 0873.196.671 |
| AQLVR
registered office since 14-05-2013 · founded in 2013 · negative equity (2025) |
total assets €24,507 (2025) 0534.452.974 |
| NOH INVEST
registered office since 30-10-2025 |
founded in 2025 1029.842.169 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
CDGN was incorporated on 17 August 2022 as a private limited company by one natural person, with a starting capital of €4,000.12 The registered office was moved to Brussels in 2022.3 WAUTERS Gregory Léopold is director of the company, appointed by deed of 19-08-2022.2 Total assets rose from €16,107 in 2022 to €108,336 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Frans Vekemansstraat 89 registered office 1120 Brussels | 17-08-2022 | 2.334.451.884 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21819D0194/00X000 | 286 m² | 1 · 205 m² | 16.1 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0789.715.008
If something looks wrong or is missing, please tell us.