CGB-CONSTRUCT
ActiveSummary
CGB-CONSTRUCT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,136) and a net result of €1,156. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 8% of 2,331 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-01-2005 Normal situation
- Activity
- Forging of metal NACE 25401and 1 other
- Establishment unit
- 2.145.388.293 3272 Scherpenheuvel-Zichem, since 23-02-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €6,818
- ▼ 49.8%
- Turnover
- ≈ €48,000
- estimated
- Profit
- €1,156
- ▼ 85.4%
- Equity
- -€9,136
- ▲ 11.2%
- Total assets
- €55,018
- ▲ 32.5%
- Staff
- ≈ 0 FTE
- estimated
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€9,136Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: total assets €55,018Founded in 2005Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 6% of them on solvency, 5% on liquidity, 21% on profitability and 61% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 44 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 21 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 69% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,197 | - | €1,086 | €4,863 | €1,152 |
| Depreciation and write-downs of the year | €3,820 | €3,887 | €1,862 | €1,881 | €2,335 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €1,170 awarded · €1,170 paidComparable companies
These companies have the same main activity as CGB-CONSTRUCT: forging of metal (NACE 25401). They are comparable in size and age: total assets between €34,200 and €78,200, founded between 2000 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| CGB-CONSTRUCT Linter | 2005 | €55,018 | -€9,136 | €6,818 | - | €1,156 | 2025 |
| FOCA Lommel | 2002 | €72,313 | €37,550 | €8,031 | - | €2,084 | 2025 |
| METAALWERKEN DE SCHUTTER Bornem | 2000 | €54,908 | €23,570 | €10,030 | €86,476 | -€4,877 | 2025 |
| Ferronnerie Boite Jemeppe-sur-Sambre | 2001 | €78,200 | €31,210 | €5,252 | - | -€23,004 | 2025 |
| Géo modul'air Stoumont | 2010 | €71,137 | €65,801 | €4,931 | - | -€6,789 | 2025 |
| FERRONNERIE GENERALE A. DEHON Mons | 2006 | €34,221 | €3,843 | €10,570 | - | -€2,466 | 2025 |
| Atelier Notebaert Technics Oudenaarde | 2000 | €71,321 | €39,503 | €13,108 | - | €5,145 | 2025 |
They were chosen from the 398 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,449 companies had the same profile as CGB-CONSTRUCT has now. Two years later, 2.5% had gone bankrupt and 92.2% were still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CGB-CONSTRUCT itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for CGB-CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 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 | €7,091 | €6,829 | €3,735 | €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 | €29,415 | -€5,498 | €18,127 | -€7,150 | -€7,106 | -€12,552 | €13,577 | €6,818 | ▼ 49.8% |
| Operating profit (loss)9901 | €10,411 | -€17,560 | €13,041 | -€12,136 | -€12,631 | -€15,320 | €10,485 | €3,233 | ▼ 69.2% |
| Financial income75/76B | - | - | - | €84 | €1 | €15 | €1 | €46 | ▲ 38× |
| Recurring financial income75 | €814 | €605 | €454 | €84 | €1 | €15 | €1 | €46 | ▲ 38× |
| Financial charges65/66B | - | - | - | €718 | €2,550 | €2,747 | €2,363 | €1,954 | ▼ 17.3% |
| Recurring financial charges65 | €2,020 | €2,271 | €1,557 | €718 | €2,550 | €2,747 | €2,363 | €1,954 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €9,204 | -€19,226 | €11,938 | -€12,771 | -€15,181 | -€18,052 | €8,124 | €1,326 | ▼ 83.7% |
| Income taxes67/77 | €2,634 | €343 | €790 | €321 | €317 | €263 | €197 | €170 | ▼ 13.8% |
| Profit (loss) for the period9904 | €6,571 | -€19,569 | €11,148 | -€13,092 | -€15,498 | -€18,315 | €7,927 | €1,156 | ▼ 85.4% |
| Profit (loss) for the period to be appropriated9905 | €6,571 | -€19,569 | €11,148 | -€13,092 | -€15,498 | -€18,315 | €7,927 | €1,156 | ▼ 85.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €87,921 | €57,673 | €44,463 | €60,049 | €29,374 | €30,701 | €41,513 | €55,018 | ▲ 32.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €22,037 | €15,208 | €11,473 | €8,850 | €4,963 | €4,188 | €7,169 | €5,987 | ▼ 16.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €22,037 | €15,208 | €11,473 | €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% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €65,883 | €42,465 | €32,990 | €51,199 | €24,411 | €26,513 | €34,344 | €49,031 | ▲ 42.8% |
| Stocks and contracts in progress3 | €11,611 | €17,610 | €22,641 | €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 | €19,489 | €10,502 | €10,171 | €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 | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €33,020 | €14,353 | €178 | €706 | €121 | €1,791 | €113 | €3,471 | ▲ 31× |
| Deferred charges and accrued income490/1 | - | - | - | - | €230 | €180 | €184 | €187 | ▲ 1.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €87,921 | €57,673 | €44,463 | €60,049 | €29,374 | €30,701 | €41,513 | €55,018 | ▲ 32.5% |
| Equity10/15 | €37,107 | €17,538 | €28,686 | €15,595 | €97 | -€18,218 | -€10,292 | -€9,136 | ▲ 11.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,050 | €27,050 | €27,050 | €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 | -€8,542 | -€28,112 | -€16,963 | -€30,055 | -€45,553 | -€63,868 | -€55,941 | -€54,785 | ▲ 2.1% |
| Amounts payable17/49 | €50,813 | €40,136 | €15,777 | €44,454 | €29,277 | €48,920 | €51,805 | €64,154 | ▲ 23.8% |
| Amounts payable after more than one year17 | €8,748 | €2,534 | €0 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €40,987 | €37,602 | €15,777 | €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 | €24,495 | €25,066 | €11,348 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,571 | -€19,569 | €11,148 | -€13,092 | -€15,498 | -€18,315 | €7,927 | €1,156 | ▼ 85.4% |
| + Depreciation and write-downs630 | €7,091 | €6,829 | €3,735 | €3,820 | €3,887 | €1,862 | €1,881 | €2,335 | ▲ 24.1% |
| Operating cash flow (approximation) | €13,661 | -€12,741 | €14,884 | -€9,271 | -€11,611 | -€16,453 | €9,808 | €3,490 | ▼ 64.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,197 | €0 | -€1,086 | -€4,863 | -€1,152 | ▲ 76.3% |
| Change in cash | - | -€18,666 | -€14,176 | €528 | -€584 | €1,670 | -€1,678 | €3,358 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00142059 | |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00153790 | |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00123773 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00115446 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20087910 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-24000277 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19100060 | |
| 31-12-2018 | micro format | 06-08-2019 | 2019-43700229 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-22900522 | |
| 31-12-2016 | micro format | 08-08-2017 | 2017-41400403 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 21-12-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BOFFE Guy |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
Articles of association, deed of 21-12-2023 (in Dutch)
Network & group
CGB-CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CGB-CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-12
Gazette deed
Change of role: BOFFE Guy, from manager to directorPurpose change · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 18-12-2023
- Other provision, “Eerstebesluit-verslagbestuursorgaan, bestuursorgaanlegtverslagvoor” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutaironbeschikbareeigenvermogensrekening” (deed in Dutch)
- Other provision, “opheffingstatutaironbeschikbareeigenvermogensrekening, middelenbeschikbaarvooruitkering” (deed in Dutch)
- Capital
- Director resignation, BOFFE Guy (manager)
- Director appointment, BOFFE Guy (director (not named in the articles))
- Director discharge, BOFFE Guy
- Registered office clause, “3350 Linter,Zandstraat 27, zevende besluit” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
21 activities
- Vervaardigenvanpoorten,hekwerk,trappen,balustrades
- Plaatsenvanpoorten,hekwerk,trappenenbalustrades
- Laswerk
- Grotenkleinhandelintuinverlichting,zitbanken,tuinmeubelen,brievenbussen,enzomeer
- Dezeomschrijvingomvatbovendienalleswatindesectorwaarindeondernemingactiefis,momenteelgebruikelijkisenwatindetoekomstgebruikelijkzalworden
- Hetwaarnemenvanallerhandebestuurenbeheersopdrachtenenmandaten,alsookhetoptredenalsvereffenaar.Ditallesbinnenhetwettelijkekadervandegeldendewettelijkeenbestuurlijkevoorschriften
- Hetvervaardigenenplaatsenvanbalkonconstructies
- Handelineigenonroerendgoed
- Bemiddelingbijdeaankoop,verkoopenverhuurvanonroerendgoedvooreenvastbedragofopcontractbasis
- Bemiddelingbijdeaankoop,verkoopenverhuurvanonroerendgoed
- Projectontwikkelingvoordenieuwbouwvanindividuelewoningenofvoorrenovatiewerken
- Ontwikkelingvanbouwprojecten
- Stukadoorswerk
- Schrijnwerk
- Vloerafwerkingenbehangen
- Schilderenenglaszetten
- Overigewerkzaamhedeninverbandmetdeafwerkingvangebouwen
- Isolatiewerkzaamheden
- Overigebouwinstallatie
- Elektrotechnischeinstallatiewerkenaangebouwen
- Overigezakelijkedienstverlening
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24128C0453/00S004 | Flanders | 1,908 m² | 1 · 238 m² | 10.2 m · 2 |
| 24105C0011/00C000 | Flanders | 1,215 m² | 1 · 199 m² | 9.3 m · 2 |