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Cévg Construct

Active
Private limited companyfounded 200421 yrs activeStedestraat 51, 8530 Harelbeke, BelgiumKBO/BCE: BE 0870.384.958
Summary

Cévg Construct has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€56,493) and a net result of -€8,616. Equity is shrinking by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1; cash: 2.4% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-915%
Return on assets
-139.5%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 -€56,493
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
21 d late
2024
23 d early
2023
75 d late
2022
3 d early
2021
15 d late
2020
36 d early
2019
on the day
← 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 7 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 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

History

On 6 December 2004, Cévg Construct was incorporated.1 Total assets went from EUR 21,321 in 2018 to EUR 6,174 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€56,493▼ 18.0%
2024 · -€47,877
Total assets
€6,174▲ 549%
2024 · €951
Net result
-€8,616▲ 56.7%
2024 · -€19,882
Working capital
-€56,493▼ 18.0%
2024 · -€47,877
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,279▲ 5.6%-€2,208▼ 72.6%-€285▲ 87.1%-€17,441▼ 6,017%-€8,509▲ 51.2%
Net result-€1,279within the sector's middle half▲ 10.2%-€2,305within the sector's middle half▼ 80.2%-€390within the sector's middle half▲ 83.1%-€19,882below the sector's middle half▼ 4,996%-€8,616below the sector's middle half▲ 56.7%
Equity-€25,299below the sector's middle half▼ 5.3%-€27,604below the sector's middle half▼ 9.1%-€27,994below the sector's middle half▼ 1.4%-€47,877below the sector's middle half▼ 71.0%-€56,493below the sector's middle half▼ 18.0%
Total assets€9,475below the sector's middle half▼ 20.1%€14,822below the sector's middle half▲ 56.4%€14,388below the sector's middle half▼ 2.9%€951below the sector's middle half▼ 93.4%€6,174below the sector's middle half▲ 549%
Debt€34,774▼ 3.1%€42,427▲ 22.0%€42,383▼ 0.1%€48,828▲ 15.2%€62,667▲ 28.3%
Working capital-€34,515below the sector's middle half▲ 3.1%-€38,667below the sector's middle half▼ 12.0%-€39,057below the sector's middle half▼ 1.0%-€47,877below the sector's middle half▼ 22.6%-€56,493below the sector's middle half▼ 18.0%
Solvency-267.0%below the sector's middle half▼ 64.5pp-186.2%below the sector's middle half▲ 80.8pp-194.6%below the sector's middle half▼ 8.3pp-915.0%below the sector's middle half
Current ratio0.01below the sector's middle half=0.09below the sector's middle half▲ 0.080.08below the sector's middle half▼ 0.010.10below the sector's middle half
Return on assets (ROA)-13.5%below the sector's middle half▼ 1.5pp-15.6%below the sector's middle half▼ 2.1pp-2.7%within the sector's middle half▲ 12.8pp-139.5%below the sector's middle half
Staff (FTE)0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€1,279-€1,279Net result 2021: -€1,279-€1,279Operating result 2022: -€2,208-€2,208Net result 2022: -€2,305-€2,305Operating result 2023: -€285-€285Net result 2023: -€390-€390Operating result 2024: -€17,441-€17,441Net result 2024: -€19,882-€19,882Operating result 2025: -€8,509-€8,509Net result 2025: -€8,616-€8,61620212022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€285-€285Net result 2023: -€390-€390Operating result 2024: -€17,441-€17,400Net result 2024: -€19,882-€19,900Operating result 2025: -€8,509-€8,510Net result 2025: -€8,616-€8,620202320242025
The operating result stays negative: a loss of €8,509 in 2025 against €17,441 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-1.11
Debt ≤ 1 year
€62,667▲
2024 · €48,828
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.8% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€951€6,174▲
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Land and buildings22€0-
Furniture and vehicles24€0-
Current assets29/58€951€6,174▲
Amounts receivable within one year40/41€951€6,026▲
Trade receivables40-€4,582
Other amounts receivable41€951€1,445▲
Cash at bank and in hand54/58€0€148▲
Equity and liabilities
Total equity and liabilities10/49€951€6,174▲
Equity10/15-€47,877-€56,493▼
Contributions10/11€20,000€20,000=
Reserves13€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000=
Profit (loss) carried forward14-€69,877-€78,493▼
Amounts payable17/49€48,828€62,667▲
Amounts payable within one year42/48€48,828€62,667▲
Financial debts43€4€0▼
Credit institutions430/8€4€0▼
Trade debts44€4,767€2,836▼
Suppliers440/4€4,767€2,836▼
Other amounts payable47/48€44,057€59,831▲
Income statement Code20242025
Other operating charges640/8€50€0▼
Non-recurring operating charges66A€11,062€0▼
Gross operating margin9900-€6,329-€8,509▼
Operating profit (loss)9901-€17,441-€8,509▲
Financial income75/76B€888€0▼
Recurring financial income75€888€0▼
Financial charges65/66B€3,330€107▼
Recurring financial charges65€3,330€107▼
Profit (loss) for the period before taxes9903-€19,882-€8,616▲
Income taxes67/77€0-
Profit (loss) for the period9904-€19,882-€8,616▲
Profit (loss) for the period to be appropriated9905-€19,882-€8,616▲
Appropriation of the result
Profit (loss) to be appropriated9906-€69,877-€78,493▼
Profit (loss) brought forward from the previous period14P-€49,994-€69,877▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€950€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,387€2,154€0---
Other operating charges640/8€156€81€222€50€0▼ 100%
Non-recurring operating charges66A---€11,062€0▼ 100%
Gross operating margin9900€1,264€27-€64-€6,329-€8,509▼ 34.4%
Operating profit (loss)9901-€1,279-€2,208-€285-€17,441-€8,509▲ 51.2%
Financial income75/76B---€888€0▼ 100.0%
Recurring financial income75---€888€0▼ 100.0%
Financial charges65/66B-€48€55€3,330€107▼ 96.8%
Recurring financial charges65-€48€55€3,330€107▼ 96.8%
Profit (loss) for the period before taxes9903-€1,279-€2,256-€340-€19,882-€8,616▲ 56.7%
Income taxes67/77-€49€50€0--
Profit (loss) for the period9904-€1,279-€2,305-€390-€19,882-€8,616▲ 56.7%
Profit (loss) for the period to be appropriated9905-€1,279-€2,305-€390-€19,882-€8,616▲ 56.7%
Line20212022202320242025Change
Assets
Total assets20/58€9,475€14,822€14,388€951€6,174▲ 549%
Fixed assets21/28€9,216€11,062€11,062€0--
Tangible fixed assets22/27€9,216€11,062€11,062€0--
Land and buildings22€9,134€7,329€7,329€0--
Plant, machinery and equipment23€82-----
Furniture and vehicles24-€3,733€3,733€0--
Current assets29/58€259€3,760€3,326€951€6,174▲ 549%
Amounts receivable within one year40/41€226€157€0€951€6,026▲ 534%
Trade receivables40----€4,582-
Other amounts receivable41€226€157€0€951€1,445▲ 51.9%
Cash at bank and in hand54/58€32€3,603€3,326€0€148-
Equity and liabilities
Total equity and liabilities10/49€9,475€14,822€14,388€951€6,174▲ 549%
Equity10/15-€25,299-€27,604-€27,994-€47,877-€56,493▼ 18.0%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Reserves13€2,000€2,000€2,000€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000€2,000€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14-€47,299-€49,604-€49,994-€69,877-€78,493▼ 12.3%
Amounts payable17/49€34,774€42,427€42,383€48,828€62,667▲ 28.3%
Amounts payable within one year42/48€34,774€42,427€42,383€48,828€62,667▲ 28.3%
Financial debts43---€4€0▼ 100%
Credit institutions430/8---€4€0▼ 100%
Trade debts44-€348€348€4,767€2,836▼ 40.5%
Suppliers440/4-€348€348€4,767€2,836▼ 40.5%
Taxes, remuneration and social security45€44€44€0---
Taxes450/3€44€44€0---
Other amounts payable47/48€34,730€42,035€42,035€44,057€59,831▲ 35.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,279-€2,305-€390-€19,882-€8,616▲ 56.7%
+ Depreciation and write-downs630€2,387€2,154€0---
Operating cash flow (approximation)€1,108-€151-€390-€19,882-€8,616▲ 56.7%
Investment in fixed assets (approximation)--€4,000€0€11,062--
Change in cash-€3,571-€278-€3,326€148▲ 104%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€19,882
Net result drops to -€19,882, the lowest in the series; recovery starts the following year.
14-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
15-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
25-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Harelbeke · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
1,745 m²
Volume, LiDAR
8,822 m³
Parcel 34323D0008/00X002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
54 companies at this address See who is registered here
1 establishment unit
Stedestraat 51, 8530 Harelbeke
Retail sale of fruit and vegetables
since 20042.220.439.569
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34323D0008/00X002 Flanders 1.7 ha 1 · 1,745 m² 10.3 m · 2 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 owner

Chain of control

  1. GALVAN 100%
  2. Cévg Construct

Highest known parent: GALVAN. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 697 companies in sector 46392 we hold annual accounts for 485. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
46349Wholesale of beverages, general range
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0870384958
Also 9925:BE0870384958
Registered 03-06-2026

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.