CG Renovation
ActiveSummary
The computed 12-month bankruptcy probability of CG Renovation is 15.1% (high). For CG Renovation, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-23k) and a net result of €-15k. Equity is shrinking by ~171.6% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth38▼-17
Track record94
Bankruptcy probability, 12 months
15.1%
High
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 2023Solvency, return and age of the figures
Solvency
-428.3%
Return on assets
-273.6%
Age of the figures
33 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-09-2024, 58 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
58 d late
2022
3 d early
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€44k▼ 47.7%
2022 · €83k
2021: €40k
2022: €83k
2021 → 2023
EBIT margin
-33.2%▼ 16.1pp
2022 · -17.1%
2021: 22.1%
2022: -17.1%
2021 → 2023
Net result
€-15k▼ 6.4%
2022 · €-14k
2021: €8k
2022: €-14k
2021 → 2023
Working capital
€-25k▼ 120%
2022 · €-11k
2021: €2k
2022: €-11k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Turnover€40k-€83k▲ 108%€44k▼ 47.7%
Equity€6k-€-8k€-23k▼ 177%
Operating result€9k-€-14k€-14k▼ 1.7%
Net result€8k-€-14k€-15k▼ 6.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2023 against €14k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5k
Fixed assets
€1k ▼ 54.8%
Current assets
€4k ▼ 12.7%
Key figures and ratios
EBITDA
€-13k▼
2022 · €-13k
Cash flow
€-13k▼
2022 · €-13k
Solvency
-428.3%▼
2022 · -111.3%
Current ratio
0.15▼
2022 · 0.30
Debt to equity
-1.23▲
2022 · -1.90
ROA
-273.6%▼
2022 · -185.1%
Interest coverage
-28.25▲
2022 · -85.63
Debt
€29k▲
2022 · €16k
Debt ≤ 1 year
€29k▲
2022 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€8k€5k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€446€232▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€5k€4k▼
Amounts receivable within one year40/41€4k€4k▲
Trade receivables40€2k€2k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€852€128▼
Deferred charges and accrued income490/1-€44
Equity and liabilities
Total equity and liabilities10/49€8k€5k▼
Equity10/15€-8k€-23k▼
Contributions10/11€3k€3k=
Reserves13€250€250=
Non-distributable reserves130/1€250€250=
Reserves not available under the articles1311€250€250=
Profit (loss) carried forward14€-11k€-26k▼
Amounts payable17/49€16k€29k▲
Amounts payable within one year42/48€16k€29k▲
Trade debts44€1k€245▼
Suppliers440/4€1k€245▼
Taxes, remuneration and social security45€748-
Taxes450/3€748-
Other amounts payable47/48€14k€29k▲
Income statement
Code20222023
Turnover70€83k€44k▼
Goods, raw materials, services and sundry goods60/61€81k€56k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k-
Other operating charges640/8-€62
Non-recurring operating charges66A€30€359▲
Gross operating margin9900€2k€-13k▼
Operating profit (loss)9901€-14k€-14k▼
Financial income75/76B€354-
Recurring financial income75€354-
Financial charges65/66B€149€459▲
Recurring financial charges65€149€459▲
Profit (loss) for the period before taxes9903€-14k€-15k▼
Profit (loss) for the period9904€-14k€-15k▼
Profit (loss) for the period to be appropriated9905€-14k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-26k▼
Profit (loss) brought forward from the previous period14P€3k€-11k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Schaarbeek
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.
Richard Vandeveldestraat 381030 SchaarbeekGround area
135 m²
Building footprint
129 m²
Volume, LiDAR
985 m³
Parcel 21902A0238/00P005, Brussels · tallest building 17.9 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0238/00P005 | Brussels | 135 m² | 1 · 129 m² | 17.9 m · 3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.