CG-C

Active

Private limited companyfounded 20206 yrs activeKroonwinningstraat 78, 3500 Hasselt, BelgiumKBO/BCE: BE 0749.531.470

The computed 12-month bankruptcy probability of CG-C is 2.2% (moderate). The 2024 annual accounts show equity of €137k and a net result of €54k. Equity is growing by ~87% per year across the filed fiscal years. Its solvency ranks better than 80% of 36373 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

78 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100▲+11

Growth78=

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity ample (current ratio 6.04 against 4.18 in 2023; short-term debt: 11.8% and cash: 11% of total assets), and 25.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

30 d early

2023

28 d late

2022

29 d late

2021

25 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€137k▲ 64.1%

2023 · €84k

2021: €-8k 2022: €32k 2023: €84k

2021 → 2024

Total assets

€184k▲ 40.8%

2023 · €130k

2021: €61k 2022: €88k 2023: €130k

2021 → 2024

Net result

€54k▲ 6.5%

2023 · €51k

2021: €-11k 2022: €40k 2023: €51k

2021 → 2024

Working capital

€109k▲ 56.0%

2023 · €70k

2021: €-24k 2022: €13k 2023: €70k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-8k-€32k€84k▲ 163%€137k▲ 64.1%

Operating result€-11k-€45k€72k▲ 58.0%€77k▲ 7.0%

Net result€-11k-€40k€51k▲ 27.4%€54k▲ 6.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 7% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €184k

28.9%

71.1%

Fixed assets €53k▲ 37.3%

Current assets €131k▲ 42.2%

Equity and liabilities €184k

74.6%

25.4%

Equity €137k▲ 64.1%

Debt €47k▼ 0.8%

The debt ratio falls from 36.0% to 25.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€85k▲

2023 · €78k

Cash flow

€63k▲

2023 · €58k

Solvency

74.6%▲

2023 · 64.0%

Current ratio

6.04▲

2023 · 4.18

Quick ratio

4.43▲

2023 · 3.29

Debt / equity

0.34▼

2023 · 0.56

ROE

39.7%▼

2023 · 61.1%

ROA

29.6%▼

2023 · 39.1%

Interest coverage

21.32▼

2023 · 29.92

Debt

€47k▼

2023 · €47k

Debt ≤ 1 year

€22k▼

2023 · €22k

Debt > 1 year

€25k=

2023 · €25k

Income taxes

€18k▲

2023 · €18k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€130k€184k▲

Fixed assets21/28€39k€53k▲

Tangible fixed assets22/27€35k€49k▲

Plant, machinery and equipment23€32k€42k▲

Furniture and vehicles24€3k€2k▼

Other tangible fixed assets26-€6k

Financial fixed assets28€4k€4k=

Current assets29/58€92k€131k▲

Stocks and contracts in progress3€19k€35k▲

Stocks30/36€19k€35k▲

Amounts receivable within one year40/41€47k€73k▲

Trade receivables40€38k€71k▲

Other amounts receivable41€10k€2k▼

Cash at bank and in hand54/58€23k€20k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€130k€184k▲

Equity10/15€84k€137k▲

Contributions10/11€3k€3k=

Reserves13€81k€134k▲

Distributable reserves133€81k€134k▲

Amounts payable17/49€47k€47k▼

Amounts payable after more than one year17€25k€25k=

Financial debts170/4€25k€25k=

Amounts payable within one year42/48€22k€22k▼

Trade debts44€3k€1k▼

Suppliers440/4€3k€1k▼

Taxes, remuneration and social security45€6k€4k▼

Taxes450/3€6k€4k▼

Other amounts payable47/48€14k€17k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲

Other operating charges640/8€848€943▲

Gross operating margin9900€79k€86k▲

Operating profit (loss)9901€72k€77k▲

Financial income75/76B€40€36▼

Recurring financial income75€40€36▼

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€69k€73k▲

Income taxes67/77€18k€18k▲

Profit (loss) for the period9904€51k€54k▲

Profit (loss) for the period to be appropriated9905€51k€54k▲

Appropriation of the result

Profit (loss) to be appropriated9906€55k€54k▼

Profit (loss) brought forward from the previous period14P€4k-

Transfer to equity691/2€54k€54k▼

To other reserves6921€54k€54k▼

Profit to be distributed694/7€833€833=

Return on contributions (dividend)694€833€833=

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 5Filings 4

2025

01-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €54k ▲6.5%

Operating result €77k, net result €54k, both a record.

31-12

Financial Equity above €100kEq €137k ▲64.1%

3 profitable years in a row build equity to €137k.

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

31-12

Financial Liquidity triplescurrent ratio 4.18

Current ratio from 1.41 to 4.18; short-term debt falls from €31k to €22k.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-12

Financial Back to profitnet €40k

Net result €40k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 1.41

Current ratio from 0.45 to 1.41; short-term debt falls from €44k to €31k.

25-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 25 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Hasselt · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kroonwinningstraat 783500 Hasselt

Ground area

764 m²

Building footprint

154 m²

Volume, LiDAR

527 m³

Parcel 71328D0383/00X003, Flanders · tallest building 15.3 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

CG-C

Kroonwinningstraat 78, 3500 HasseltManufacture of metal structures and parts of structures

since 20202.304.320.914

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D0383/00X003	Flanders	764 m²	1 · 154 m²	15.3 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 1,227 EUR awarded · 1,227 EUR paid

Year	Entries	awarded	paid
2025	1	1,227 EUR	1,227 EUR

Schemes

Individueel Maatwerk

1 entry · 1,227 EUR · 1,227 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Recognitions · licences · registrations

Dual-learning approval

4 live approvals

Hoeknaadlasser duaal (so)

Goedgekeurd · 2025 to 2030

Lassen-constructie duaal (so)

Goedgekeurd · 2025 to 2030

Lasser-monteerder (vwo)

Goedgekeurd · 2025 to 2030

Lasser-monteerder duaal (so)

Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

Hechtel-Eksel · Eq €136k

Nicolas Petit et fils

BE 0403.911.859

Liège · Eq €138k

Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,031 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-06-2020

Fiscal year end31-12

Activities, NACEBEL

43230Insulation installation

43240Other construction installation

43291Specialised construction activities

43350Other building finishing work

43992Specialised construction activities

71113Urban planning and landscape architecture

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.