CGB-CONSTRUCT
ActiveSummary
CGB-CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,136) and a net result of €1,156. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 1910 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-41
Solvency8▲+8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 0.66 in 2024; short-term debt: 116.6% and cash: 6.3% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
-16.6%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 1910 sector peers (2025).
NBB · sector comparisonPosition among 1910 sector peers
Solvency
better than 7%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
42 d early
2023
49 d early
2022
52 d early
2021
37 d early
2020
36 d early
2019
38 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 44 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€9,136▲ 11.2%
2024 · -€10,292
Total assets
€55,018▲ 32.5%
2024 · €41,513
Net result
€1,156▼ 85.4%
2024 · €7,927
Working capital
-€15,123▲ 13.4%
2024 · -€17,461
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,136-€12,631▼ 4.1%-€15,320▼ 21.3%€10,485€3,233▼ 69.2%
Net result-€13,092-€15,498▼ 18.4%-€18,315▼ 18.2%€7,927€1,156▼ 85.4%
Equity€15,595▼ 45.6%€97▼ 99.4%-€18,218-€10,292▲ 43.5%-€9,136▲ 11.2%
Total assets€60,049▲ 35.1%€29,374▼ 51.1%€30,701▲ 4.5%€41,513▲ 35.2%€55,018▲ 32.5%
Debt€44,454▲ 182%€29,277▼ 34.1%€48,920▲ 67.1%€51,805▲ 5.9%€64,154▲ 23.8%
Working capital€6,745▼ 60.8%-€4,867-€22,406▼ 360%-€17,461▲ 22.1%-€15,123▲ 13.4%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,018
Fixed assets
€5,987 ▼ 16.5%
Current assets
€49,031 ▲ 42.8%
Key figures and ratios
EBITDA
€5,568▼
2024 · €12,367
Cash flow
€3,490▼
2024 · €9,808
Solvency
-16.6%▲
2024 · -24.8%
Current ratio
0.76▲
2024 · 0.66
Quick ratio
0.25▲
2024 · 0.23
Debt to equity
-7.02▼
2024 · -5.03
ROA
2.1%▼
2024 · 19.1%
Interest coverage
2.85▼
2024 · 5.23
Debt ≤ 1 year
€64,154▲
2024 · €51,805
Income taxes
€170▼
2024 · €197
Staff costs
€149▲
2024 · €119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0 | - | - | €119 | €149 | ▲ 25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,820 | €3,887 | €1,862 | €1,881 | €2,335 | ▲ 24.1% |
| Other operating charges640/8 | €1,166 | €1,639 | €906 | €1,091 | €1,101 | ▲ 0.9% |
| Gross operating margin9900 | -€7,150 | -€7,106 | -€12,552 | €13,577 | €6,818 | ▼ 49.8% |
| Operating profit (loss)9901 | -€12,136 | -€12,631 | -€15,320 | €10,485 | €3,233 | ▼ 69.2% |
| Financial income75/76B | €84 | €1 | €15 | €1 | €46 | ▲ 3,680% |
| Recurring financial income75 | €84 | €1 | €15 | €1 | €46 | ▲ 3,680% |
| Financial charges65/66B | €718 | €2,550 | €2,747 | €2,363 | €1,954 | ▼ 17.3% |
| Recurring financial charges65 | €718 | €2,550 | €2,747 | €2,363 | €1,954 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | -€12,771 | -€15,181 | -€18,052 | €8,124 | €1,326 | ▼ 83.7% |
| Income taxes67/77 | €321 | €317 | €263 | €197 | €170 | ▼ 13.8% |
| Profit (loss) for the period9904 | -€13,092 | -€15,498 | -€18,315 | €7,927 | €1,156 | ▼ 85.4% |
| Profit (loss) for the period to be appropriated9905 | -€13,092 | -€15,498 | -€18,315 | €7,927 | €1,156 | ▼ 85.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,049 | €29,374 | €30,701 | €41,513 | €55,018 | ▲ 32.5% |
| Fixed assets21/28 | €8,850 | €4,963 | €4,188 | €7,169 | €5,987 | ▼ 16.5% |
| Tangible fixed assets22/27 | €8,850 | €4,963 | €4,188 | €7,169 | €5,987 | ▼ 16.5% |
| Land and buildings22 | €5,903 | €4,498 | €3,093 | €6,358 | €4,467 | ▼ 29.7% |
| Plant, machinery and equipment23 | €2,947 | €465 | €1,095 | €811 | €1,520 | ▲ 87.3% |
| Current assets29/58 | €51,199 | €24,411 | €26,513 | €34,344 | €49,031 | ▲ 42.8% |
| Stocks and contracts in progress3 | €30,035 | €23,799 | €23,542 | €22,663 | €33,119 | ▲ 46.1% |
| Stocks30/36 | €30,035 | €23,799 | €23,542 | €22,663 | €33,119 | ▲ 46.1% |
| Amounts receivable within one year40/41 | €20,459 | €260 | €1,000 | €11,384 | €12,255 | ▲ 7.7% |
| Trade receivables40 | €17,397 | €260 | €1,000 | €11,384 | €12,175 | ▲ 6.9% |
| Other amounts receivable41 | €3,062 | €0 | - | - | €80 | - |
| Cash at bank and in hand54/58 | €706 | €121 | €1,791 | €113 | €3,471 | ▲ 2,962% |
| Deferred charges and accrued income490/1 | - | €230 | €180 | €184 | €187 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,049 | €29,374 | €30,701 | €41,513 | €55,018 | ▲ 32.5% |
| Equity10/15 | €15,595 | €97 | -€18,218 | -€10,292 | -€9,136 | ▲ 11.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,050 | €27,050 | €27,050 | €27,050 | €27,050 | = |
| Non-distributable reserves130/1 | €599 | €599 | €0 | - | - | - |
| Reserves not available under the articles1311 | €599 | €599 | €0 | - | - | - |
| Distributable reserves133 | €26,451 | €26,451 | €27,050 | €27,050 | €27,050 | = |
| Profit (loss) carried forward14 | -€30,055 | -€45,553 | -€63,868 | -€55,941 | -€54,785 | ▲ 2.1% |
| Amounts payable17/49 | €44,454 | €29,277 | €48,920 | €51,805 | €64,154 | ▲ 23.8% |
| Amounts payable within one year42/48 | €44,454 | €29,277 | €48,920 | €51,805 | €64,154 | ▲ 23.8% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | €13,054 | €12,111 | €11,329 | €1,699 | €7,130 | ▲ 320% |
| Credit institutions430/8 | €13,054 | €12,111 | €11,329 | €1,699 | €7,130 | ▲ 320% |
| Trade debts44 | €28,592 | €6,900 | €12,821 | €12,368 | €8,707 | ▼ 29.6% |
| Suppliers440/4 | €28,592 | €6,900 | €12,821 | €12,368 | €8,707 | ▼ 29.6% |
| Taxes, remuneration and social security45 | €1,111 | €3,187 | €2,028 | €4,266 | €4,072 | ▼ 4.6% |
| Taxes450/3 | €1,111 | €3,187 | €2,028 | €866 | €2,372 | ▲ 174% |
| Remuneration and social security454/9 | - | - | - | €3,400 | €1,700 | ▼ 50.0% |
| Other amounts payable47/48 | €1,697 | €7,080 | €22,741 | €33,471 | €44,245 | ▲ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,092 | -€15,498 | -€18,315 | €7,927 | €1,156 | ▼ 85.4% |
| + Depreciation and write-downs630 | €3,820 | €3,887 | €1,862 | €1,881 | €2,335 | ▲ 24.1% |
| Operating cash flow (approximation) | -€9,271 | -€11,611 | -€16,453 | €9,808 | €3,490 | ▼ 64.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,086 | -€4,863 | -€1,152 | ▲ 76.3% |
| Change in cash | - | -€584 | €1,670 | -€1,678 | €3,358 | ▲ 300% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,927
Net result €7,927 after 3 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,148
Net result €11,148 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€19,569
Net result drops to -€19,569, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Linter · 1 establishment unit since 2005
Ground area
3,123 m²
Building footprint
438 m²
Volume, LiDAR
2,580 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CGB - Construct
since 20052.145.388.293
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24128C0453/00S004 | Flanders | 1,908 m² | 1 · 238 m² | 10.2 m · 2 fl. |
| 24105C0011/00C000 | Flanders | 1,215 m² | 1 · 199 m² | 9.3 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,170 EUR awarded · 1,170 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,170 EUR | 1,170 EUR |
Similar companies · same sector, comparable size
Of 980 companies in sector 25401 we hold annual accounts for 407. 2 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
25401Forging of metal
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.