Cévg Ground
ActiveSummary
Cévg Ground has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€149,888) and a net result of -€5,814. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-13
Solvency0=
Growth58=
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 0.18 against 0.23 in 2024; short-term debt: 566.7% and cash: 13.2% 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 2025Solvency, return and age of the figures
Solvency
-466.7%
Return on assets
-18.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1920212223242425
2019 to 2025 · latest year -€149,888
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 filingsDeviation from the deadline
2025
21 d late
2024
28 d early
2024
9 d early
2023
1 d early
2022
54 d early
2021
55 d early
2020
40 d early
← 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 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€149,888▼ 4.0%
2024 · -€144,074
Total assets
€32,119▼ 23.7%
2024 · €42,090
Net result
-€5,814▼ 41.7%
2024 · -€4,104
Working capital
-€149,888▼ 4.0%
2024 · -€144,074
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20222023202420242025
Operating result-€13,906€22,521-€66,977-€4,085--€5,769▼ 41.2%
Net result-€14,103below the sector's middle half€16,171within the sector's middle half-€67,049below the sector's middle half-€4,104below the sector's middle half--€5,814below the sector's middle half▼ 41.7%
Equity-€89,093below the sector's middle half▼ 18.8%-€72,922below the sector's middle half▲ 18.2%-€139,970below the sector's middle half▼ 91.9%-€144,074below the sector's middle half--€149,888below the sector's middle half▼ 4.0%
Total assets€3,272below the sector's middle half▼ 96.1%€31,681below the sector's middle half▲ 868%€40,528below the sector's middle half▲ 27.9%€42,090below the sector's middle half-€32,119below the sector's middle half▼ 23.7%
Debt€92,365▼ 41.6%€104,603▲ 13.2%€180,498▲ 72.6%€186,164-€182,007▼ 2.2%
Working capital-€90,716below the sector's middle half▼ 15.2%-€73,670below the sector's middle half▲ 18.8%-€139,970below the sector's middle half▼ 90.0%-€144,074below the sector's middle half--€149,888below the sector's middle half▼ 4.0%
Solvency-230.2%below the sector's middle half-345.4%below the sector's middle half▼ 115.2pp-342.3%below the sector's middle half--466.7%below the sector's middle half▼ 124.4pp
Current ratio0.30below the sector's middle half0.22below the sector's middle half▼ 0.070.23below the sector's middle half-0.18below the sector's middle half▼ 0.05
Return on assets (ROA)51.0%above the sector's middle half-165.4%below the sector's middle half▼ 216.5pp-9.7%below the sector's middle half--18.1%below the sector's middle half▼ 8.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Key figures and ratios
Quick ratio
0.05▼
2024 · 0.10
Debt to equity
-1.21▲
2024 · -1.29
Debt ≤ 1 year
€182,007▼
2024 · €186,164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% 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
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 6,622 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
| Line | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €910 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €374 | €374 | €0 | - | - | - |
| Other operating charges640/8 | €1,903 | €319 | €901 | €176 | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | - | €748 | €0 | - | - |
| Gross operating margin9900 | -€11,628 | €23,214 | -€65,328 | -€3,909 | -€5,769 | ▼ 47.6% |
| Operating profit (loss)9901 | -€13,906 | €22,521 | -€66,977 | -€4,085 | -€5,769 | ▼ 41.2% |
| Financial income75/76B | €0 | - | - | €20 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €20 | €0 | ▼ 100% |
| Financial charges65/66B | €197 | €462 | €72 | €39 | €45 | ▲ 15.2% |
| Recurring financial charges65 | €197 | €462 | €72 | €39 | €45 | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | -€14,103 | €22,058 | -€67,049 | -€4,104 | -€5,814 | ▼ 41.7% |
| Income taxes67/77 | - | €5,887 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€14,103 | €16,171 | -€67,049 | -€4,104 | -€5,814 | ▼ 41.7% |
| Profit (loss) for the period to be appropriated9905 | -€14,103 | €16,171 | -€67,049 | -€4,104 | -€5,814 | ▼ 41.7% |
| Line | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,272 | €31,681 | €40,528 | €42,090 | €32,119 | ▼ 23.7% |
| Fixed assets21/28 | €1,623 | €748 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1,123 | €748 | €0 | - | - | - |
| Plant, machinery and equipment23 | €1,123 | €748 | €0 | - | - | - |
| Financial fixed assets28 | €500 | €0 | - | - | - | - |
| Current assets29/58 | €1,650 | €30,933 | €40,528 | €42,090 | €32,119 | ▼ 23.7% |
| Stocks and contracts in progress3 | €0 | €23,724 | €23,724 | €23,724 | €23,724 | = |
| Stocks30/36 | €0 | €23,724 | €23,724 | €23,724 | €23,724 | = |
| Amounts receivable within one year40/41 | €702 | €3,200 | €14,538 | €14,694 | €3,941 | ▼ 73.2% |
| Trade receivables40 | €541 | €0 | €488 | €0 | €3,336 | - |
| Other amounts receivable41 | €161 | €3,200 | €14,050 | €14,694 | €605 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €947 | €3,634 | €1,891 | €3,469 | €4,237 | ▲ 22.1% |
| Deferred charges and accrued income490/1 | €0 | €375 | €375 | €203 | €217 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,272 | €31,681 | €40,528 | €42,090 | €32,119 | ▼ 23.7% |
| Equity10/15 | -€89,093 | -€72,922 | -€139,970 | -€144,074 | -€149,888 | ▼ 4.0% |
| Contributions10/11 | €19,500 | €19,500 | €19,500 | €19,500 | €19,500 | = |
| Reserves13 | €1,950 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Non-distributable reserves130/1 | €1,950 | €1,950 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,950 | €1,950 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,950 | €1,950 | €1,950 | = |
| Profit (loss) carried forward14 | -€110,543 | -€94,372 | -€161,420 | -€165,524 | -€171,338 | ▼ 3.5% |
| Amounts payable17/49 | €92,365 | €104,603 | €180,498 | €186,164 | €182,007 | ▼ 2.2% |
| Amounts payable within one year42/48 | €92,365 | €104,603 | €180,498 | €186,164 | €182,007 | ▼ 2.2% |
| Trade debts44 | €283 | €698 | €72,068 | €1,949 | €2,792 | ▲ 43.2% |
| Suppliers440/4 | €283 | €698 | €72,068 | €1,949 | €2,792 | ▲ 43.2% |
| Advances received on contracts in progress46 | €166 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €0 | €10,630 | €0 | - | - | - |
| Taxes450/3 | €0 | €10,630 | €0 | - | - | - |
| Other amounts payable47/48 | €91,916 | €93,275 | €108,430 | €184,215 | €179,215 | ▼ 2.7% |
| Line | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,103 | €16,171 | -€67,049 | -€4,104 | -€5,814 | ▼ 41.7% |
| + Depreciation and write-downs630 | €374 | €374 | €0 | - | - | - |
| Operating cash flow (approximation) | -€13,728 | €16,546 | -€67,049 | -€4,104 | -€5,814 | ▼ 41.7% |
| Investment in fixed assets (approximation) | - | €500 | €748 | - | - | - |
| Change in cash | - | €2,686 | -€1,743 | - | €768 | - |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
10-06
State Gazette act
RestructuringPermanent representative: Tom Cloet · Incorporation · Statutes amendment27 facts ▸
State Gazette act
Restructuring
Permanent representative: Tom Cloet · Incorporation · Statutes amendment27 facts ▸
- Incorporation, 01-12-2004
- Statutes amendment
- Capital, €20.000
- Director in office, GF Coordination GMBH (director)
- Permanent representative, Tom Cloet (permanent representative)
- Incorporation, 10-10-2000
- Statutes amendment
- Capital, €19.500
- Director in office, CÉVG CONSTRUCT BV (director)
- Permanent representative, Tom Cloet (permanent representative)
- Capital, €18.600
- Director in office, GALVAN BV (director)
- +15 further facts in this act
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€67,049
Net result drops to -€67,049, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €16,171
Net result €16,171 after one loss-making year.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €16,307
Net result €16,307 after 2 loss-making years.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2000
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
since 20002.101.075.527
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.
Articles of association
Purpose
Alle voegwerken van alle bouwwerken in de meest ruime zin; Restoratiewerken van alle gebouwen of delen ervan in de meest ruime zin van het woord; Metselwerken, ruwbouw en alle…
Full purpose (36 activities)
- Alle voegwerken van alle bouwwerken in de meest ruime zin
- Restoratiewerken van alle gebouwen of delen ervan in de meest ruime zin van het woord
- Metselwerken, ruwbouw en alle bouwwerkzaamheden
- Het bouwen van stellingen, reinigen van gevels, plaatsen van afsluitingen, plaatsen van chappes en het plaatsen van warmte- en geluidsisolering
- Het plaatsen, de fabricage, het onderhoud en het herstellen van parketvloeren
- Het leggen van tegelvloeren en alle andere bedekkingen van muren en vloeren
- Het plaatsen en vervaardigen van houten vensterluiken
- Het bedekken van gebouwen, als ook het waterdicht maken en het droogmaken ervan
- Het plaatsen, het onderhoud en herstel van ijzerwerken, metalen luiken en schrijnwerk
- Slopingswerken van alle bouwwerken en delen ervan
- Het plaatsen, het herstel en het onderhoud van lichtkoepels
- De aanleg, het herstel en het onderhoud van speelpleinen, sportvelden, tuinen, parken en diverse terreinen
- Grondwerken in de meest ruime zin
- Het plaatsen van arduin en marmer voor gebouwen
- Het optrekken en het onderhoud van schoorstenen
- Metalen constructies
- Het uitplakken van muren (stukadoorswerken), cementeerwerken en pleis-terwerken
- Handelaar in tweedehandswagens en auto-onderdelen, garage houder-hersteller
- Overgaan tot het aankopen, onderschrijven, beheren, verkopen, omruilen voor eigen rekening van aandelen, deelbewijzen en/of effecten allerlei van vennootschappen en/of verenigingen eender welke, alsmede van andere roerende en/of onroerende waarden, tegoeden en/of vorderingen
- Overgaan tot het aankopen, verkopen, opschikken, uitrusten, valoriseren, bouwen, verhuren, onderverhuren, in huur nemen of leasen van onroerende goederen, al dan niet gemeubeld
- Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door beheersdaden, zoals verhuren
- Het beheren van een roerend patrimonium
- Participatie in allerhande vennootschappen en/of ondernemingen
- Het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden
- Het besturen van vennootschappen
- Het verstrekken van dienstprestaties inzake boekhouding, fiscaliteit, sociale wetgeving en het algemeen bedrijfsbeheer, zowel administratief, productief als commercieel
- Aan- en verkoop en productie van voeders, import en export
- Het uitvoeren van loonkweek
- Het opvatten en uitwerken van projecten, zowel in binnen- en buitenland, van allerlei aard, ondermeer administratieve, organisatorische, financiële, juridische, planografische of van technische aard van alle aanverwante vraagstukken
- De eventuele tenuitvoerlegging van deze projecten onder eigen beheer of in medebeheer, voor eigen rekening of voor rekening van derden
- Het ter beschikking stellen en/of verhuren tegen vergoeding van gebouwen, lokalen, materieel, rollend materiaal, meubelen, producten en communicatiemedia
- Het bestuderen van allerlei problemen eigen aan een studiebureel, zowel bedrijfsmatig, technisch als economisch
- Het besturen van vennootschappen, welk voorwerp deze vennootschappen ook mogen hebben
- Het deelnemen in en het directie-voeren over ondernemingen en vennootschappen
- Het uitoefenen van de functie van bestuurder of analoge functies in vennootschappen en andere rechtspersonen
- Belangen nemen, hetzij door deelneming, inbreng of op elke andere wijze in alle vennootschappen, ondernemingen, syndicaten of groeperingen, bestaande of op te richten, zo in België als in het buitenland, die een gelijkluidend, aanvullend of soortgelijk voorwerp nastreven, of die van aard zijn de ontwikkeling van haar ondernemingen te bevorderen, of de afzet van haar producten te vergemakkelijken, en voor zover de wet dit niet verbiedt
Structure & network
Owners and holdings
2 ownersChain of control
- GALVAN
- BRUTOBA TRADING
- Cévg Ground
Highest known parent: GALVAN. The sources do not say who stands above it.
Owners 2
- BRUTOBA TRADINGparent100%
- GALVANparent100%
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.
Acquisitions and mergers
1 transactionTaken over by:CÉVG INVEST
Capital and shareholders
Capital over the years
- 10-06-2026 Capital stated in the act · 19,500 EUR · 195 shares
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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 29,785 companies in sector 41001 we hold annual accounts for 16,058. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
47812Retail trade
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473082361
Also
9925:BE0473082361
Registered
03-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.