CGA CUBE
ActiveSummary
CGA CUBE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,554 and a net result of -€3,051. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-64
Solvency66▼-32
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 3.27 in 2024; short-term debt: 31.4% of total assets), but 59.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% 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 · 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
40.8%
Return on assets
-2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
44 d early
2022
31 d late
2021
24 d late
2020
31 d late
2019
91 d late
← 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 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 4 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€62,554▼ 4.7%
2024 · €65,605
Total assets
€153,481▲ 70.4%
2024 · €90,056
Net result
-€3,051
2024 · €7,840
Working capital
€57,615▲ 3.9%
2024 · €55,430
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€6,278€8,055▲ 28.3%€3,564▼ 55.8%€5,941▲ 66.7%-€17,899
Net result€24,313within the sector's middle half▲ 9.2%€10,823within the sector's middle half▼ 55.5%€6,365within the sector's middle half▼ 41.2%€7,840within the sector's middle half▲ 23.2%-€3,051below the sector's middle half
Equity€40,577within the sector's middle half▲ 149%€51,400within the sector's middle half▲ 26.7%€57,766within the sector's middle half▲ 12.4%€65,605within the sector's middle half▲ 13.6%€62,554below the sector's middle half▼ 4.7%
Total assets€85,131within the sector's middle half▲ 105%€85,987within the sector's middle half▲ 1.0%€83,239within the sector's middle half▼ 3.2%€90,056within the sector's middle half▲ 8.2%€153,481below the sector's middle half▲ 70.4%
Debt€44,555▲ 76.7%€34,587▼ 22.4%€25,473▼ 26.4%€24,451▼ 4.0%€90,927▲ 272%
Working capital€30,571within the sector's middle half▲ 76.7%€40,587within the sector's middle half▲ 32.8%€42,603within the sector's middle half▲ 5.0%€55,430within the sector's middle half▲ 30.1%€57,615within the sector's middle half▲ 3.9%
Solvency47.7%within the sector's middle half▲ 8.5pp59.8%within the sector's middle half▲ 12.1pp69.4%above the sector's middle half▲ 9.6pp72.8%above the sector's middle half▲ 3.5pp40.8%within the sector's middle half▼ 32.1pp
Current ratio2.21within the sector's middle half▲ 0.482.78within the sector's middle half▲ 0.562.83within the sector's middle half▲ 0.053.27within the sector's middle half▲ 0.442.20within the sector's middle half▼ 1.07
Return on assets (ROA)28.6%above the sector's middle half▼ 25.1pp12.6%within the sector's middle half▼ 16.0pp7.6%within the sector's middle half▼ 4.9pp8.7%within the sector's middle half▲ 1.1pp-2.0%below the sector's middle half▼ 10.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result turns negative in 2025: a loss of €17,899 after €5,941 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153,481
Fixed assets
€47,693 ▲ 369%
Current assets
€105,788 ▲ 32.4%
Equity and liabilities €153,481
Equity
€62,554 ▼ 4.7%
Debt
€90,927 ▲ 272%
Debt's share of the balance-sheet total rises from 27.2% to 59.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€14,128▼
2024 · €13,103
Cash flow
€720▼
2024 · €15,001
Quick ratio
2.15▼
2024 · 3.19
Debt to equity
1.45▲
2024 · 0.37
ROE
-4.9%▼
2024 · 11.9%
Interest coverage
-6.65▼
2024 · 10.96
Debt ≤ 1 year
€48,173▲
2024 · €24,451
Debt > 1 year
€42,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,223 | €6,827 | €6,881 | €7,162 | €3,771 | ▼ 47.3% |
| Other operating charges640/8 | €769 | €840 | €551 | €701 | €527 | ▼ 24.9% |
| Gross operating margin9900 | €12,269 | €15,722 | €10,997 | €13,803 | -€13,601 | ▼ 199% |
| Operating profit (loss)9901 | €6,278 | €8,055 | €3,564 | €5,941 | -€17,899 | ▼ 401% |
| Financial income75/76B | €18,983 | €3,441 | €3,186 | €4,056 | €16,971 | ▲ 318% |
| Recurring financial income75 | €967 | €3,441 | €3,186 | €4,056 | €4,652 | ▲ 14.7% |
| Non-recurring financial income76B | €18,015 | - | - | - | €12,319 | - |
| Financial charges65/66B | €947 | €673 | €385 | €1,196 | €2,123 | ▲ 77.6% |
| Recurring financial charges65 | €947 | €673 | €385 | €1,196 | €2,123 | ▲ 77.6% |
| Profit (loss) for the period before taxes9903 | €24,313 | €10,823 | €6,365 | €8,801 | -€3,051 | ▼ 135% |
| Income taxes67/77 | - | - | - | €962 | - | - |
| Profit (loss) for the period9904 | €24,313 | €10,823 | €6,365 | €7,840 | -€3,051 | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €24,313 | €10,823 | €6,365 | €7,840 | -€3,051 | ▼ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,131 | €85,987 | €83,239 | €90,056 | €153,481 | ▲ 70.4% |
| Fixed assets21/28 | €29,374 | €22,547 | €17,336 | €10,175 | €47,693 | ▲ 369% |
| Tangible fixed assets22/27 | €28,974 | €22,147 | €16,936 | €9,775 | €47,293 | ▲ 384% |
| Furniture and vehicles24 | €28,974 | €22,147 | €16,936 | €9,775 | €47,293 | ▲ 384% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €55,757 | €63,440 | €65,902 | €79,882 | €105,788 | ▲ 32.4% |
| Stocks and contracts in progress3 | - | - | - | €2,000 | €2,000 | = |
| Stocks30/36 | - | - | - | €2,000 | €2,000 | = |
| Amounts receivable within one year40/41 | €54,757 | €63,151 | €65,711 | €77,768 | €102,158 | ▲ 31.4% |
| Trade receivables40 | €10,341 | €7,738 | €1,730 | €5,536 | €12,958 | ▲ 134% |
| Other amounts receivable41 | €44,416 | €55,412 | €63,981 | €72,232 | €89,200 | ▲ 23.5% |
| Deferred charges and accrued income490/1 | €1,000 | €290 | €192 | €114 | €1,630 | ▲ 1,333% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,131 | €85,987 | €83,239 | €90,056 | €153,481 | ▲ 70.4% |
| Equity10/15 | €40,577 | €51,400 | €57,766 | €65,605 | €62,554 | ▼ 4.7% |
| Contributions10/11 | €43,803 | €43,803 | €43,803 | €43,803 | €43,803 | = |
| Capital10 | €35,040 | €35,040 | €35,040 | €35,040 | €35,040 | = |
| Issued capital100 | €35,340 | €35,340 | €35,340 | €35,340 | €35,340 | = |
| Uncalled capital101 | €300 | €300 | €300 | €300 | €300 | = |
| Outside capital11 | €8,763 | €8,763 | €8,763 | €8,763 | €8,763 | = |
| Share premium1100/10 | €8,763 | €8,763 | €8,763 | €8,763 | €8,763 | = |
| Reserves13 | €2,501 | €2,501 | €2,501 | €2,501 | €2,501 | = |
| Non-distributable reserves130/1 | €2,501 | €2,501 | €2,501 | €2,501 | €2,501 | = |
| Legal reserve130 | €2,501 | €2,501 | €2,501 | €2,501 | €2,501 | = |
| Profit (loss) carried forward14 | -€5,727 | €5,096 | €11,461 | €19,301 | €16,250 | ▼ 15.8% |
| Amounts payable17/49 | €44,555 | €34,587 | €25,473 | €24,451 | €90,927 | ▲ 272% |
| Amounts payable after more than one year17 | €19,368 | €10,813 | €2,173 | - | €42,754 | - |
| Financial debts170/4 | €19,368 | €10,813 | €2,173 | - | €42,754 | - |
| Amounts payable within one year42/48 | €25,186 | €22,853 | €23,299 | €24,451 | €48,173 | ▲ 97.0% |
| Current portion of amounts payable after more than one year42 | €8,471 | €8,555 | €8,640 | €2,173 | €12,594 | ▲ 479% |
| Financial debts43 | €12,171 | €9,559 | €497 | €14,490 | €14,318 | ▼ 1.2% |
| Credit institutions430/8 | €12,171 | €9,559 | €497 | €14,490 | €14,318 | ▼ 1.2% |
| Trade debts44 | €1,568 | €656 | €5,469 | €2,805 | €12,902 | ▲ 360% |
| Suppliers440/4 | €1,568 | €656 | €5,469 | €2,805 | €12,902 | ▲ 360% |
| Advances received on contracts in progress46 | - | - | €4,750 | - | €6,460 | - |
| Taxes, remuneration and social security45 | €2,977 | €4,083 | €3,943 | €4,983 | €1,900 | ▼ 61.9% |
| Taxes450/3 | €1,777 | €2,533 | €2,043 | €3,083 | - | - |
| Remuneration and social security454/9 | €1,200 | €1,550 | €1,900 | €1,900 | €1,900 | = |
| Accrued charges and deferred income492/3 | - | €921 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,313 | €10,823 | €6,365 | €7,840 | -€3,051 | ▼ 139% |
| + Depreciation and write-downs630 | €5,223 | €6,827 | €6,881 | €7,162 | €3,771 | ▼ 47.3% |
| Operating cash flow (approximation) | €29,536 | €17,651 | €13,247 | €15,001 | €720 | ▼ 95.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,671 | €0 | -€41,290 | - |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
26-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 12-05-2026
- Registered-office move, Sentier de l'Eglise 45,6200 Bouffioulx
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €24,313 ▲9.2%
Net result €24,313, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.79 to 1.73; short-term debt falls from €30,789 to €23,716.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €3,530
Net result €3,530 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Châtelet · 1 establishment unit since 2005
Ground area
1,828 m²
Building footprint
439 m²
Volume, LiDAR
934 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CGA CUBE
since 20052.150.256.012
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52007B0293/00Y002 | Wallonia | 1,325 m² | 1 · 153 m² | 7.7 m · 2 fl. |
| 52040A0018/00C003 | Wallonia | 503 m² | 1 · 286 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 1,361 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
Contact
Phone
071/50.50.59Charleroi
Fax
071/47.16.18Charleroi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877494860
Also
9925:BE0877494860
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.