CGCONSULTING
ActiveSummary
CGCONSULTING has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,431 and a net result of €50,305. Equity is growing by ~47% per year across the filed fiscal years. Its solvency ranks better than 86% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
What they do
Wholesale trade
NACE 46120
1 site
How big
€203,393total assets 2025
- Equity
- €174,431
- Profit
- €50,305
Turnover not published (abridged schema)
Who decides
Accounts filed 11 d late0 of 1 deed read
Why 87- Limited track record- Higher-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 4.0 against 3.11 in 2024; short-term debt: 14.2% and cash: 38.8% of total assets), and 14.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.8%
Return on assets
24.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
29 d early
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 11 August (3 of the last 3 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet €50,305 ▼24.1%
- Equity above €150,000Eq €174,431 ▲40.5%
Financials
Fiscal year 2025Total assets €203,393Profit €50,305Solvency 85.8%Liquidity 4.00
Total assets
€203,393▲ 18.9%
2023 - 2025
Net result
€50,305▼ 24.1%
2023 - 2025
Equity
€174,431▲ 40.5%
2023 - 2025
Solvency
85.8%▲ 13.2pp
2023 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€81,772-€100,227▲ 22.6%€76,463▼ 23.7%
Net result€54,317above the sector's middle half-€66,309above the sector's middle half▲ 22.1%€50,305above the sector's middle half▼ 24.1%
Equity€57,817within the sector's middle half-€124,125within the sector's middle half▲ 115%€174,431within the sector's middle half▲ 40.5%
Total assets€98,765within the sector's middle half-€171,045within the sector's middle half▲ 73.2%€203,393within the sector's middle half▲ 18.9%
Debt€40,949-€46,920▲ 14.6%€28,962▼ 38.3%
Working capital€54,142within the sector's middle half-€99,063within the sector's middle half▲ 83.0%€86,934within the sector's middle half▼ 12.2%
Solvency58.5%within the sector's middle half-72.6%above the sector's middle half▲ 14.0pp85.8%above the sector's middle half▲ 13.2pp
Current ratio2.32within the sector's middle half-3.11within the sector's middle half▲ 0.794.00above the sector's middle half▲ 0.89
Return on assets (ROA)55.0%above the sector's middle half-38.8%above the sector's middle half▼ 16.2pp24.7%above the sector's middle half▼ 14.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203,393
Fixed assets
€87,497 ▲ 261%
Current assets
€115,896 ▼ 20.6%
Equity and liabilities €203,393
Equity
€174,431 ▲ 40.5%
Debt
€28,962 ▼ 38.3%
Debt's share of the balance-sheet total falls from 27.4% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€92,037▼
2024 · €103,840
Cash flow
€65,879▼
2024 · €69,921
Debt to equity
0.17▼
2024 · 0.38
ROE
28.8%▼
2024 · 53.4%
Interest coverage
40.60▲
2024 · 40.34
Debt ≤ 1 year
€28,962▼
2024 · €46,920
Income taxes
€24,041▼
2024 · €31,397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 39,278 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.
Filed annual accounts
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,411 | €3,613 | €15,573 | ▲ 331% |
| Other operating charges640/8 | €62 | €62 | €525 | ▲ 747% |
| Gross operating margin9900 | €83,246 | €103,902 | €92,562 | ▼ 10.9% |
| Operating profit (loss)9901 | €81,772 | €100,227 | €76,463 | ▼ 23.7% |
| Financial income75/76B | - | €54 | €150 | ▲ 180% |
| Recurring financial income75 | - | €54 | €150 | ▲ 180% |
| Financial charges65/66B | €2,094 | €2,574 | €2,267 | ▼ 11.9% |
| Recurring financial charges65 | €2,094 | €2,574 | €2,267 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €79,679 | €97,706 | €74,347 | ▼ 23.9% |
| Income taxes67/77 | €25,362 | €31,397 | €24,041 | ▼ 23.4% |
| Profit (loss) for the period9904 | €54,317 | €66,309 | €50,305 | ▼ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €54,317 | €66,309 | €50,305 | ▼ 24.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €98,765 | €171,045 | €203,393 | ▲ 18.9% |
| Formation expenses20 | €1,686 | €833 | - | - |
| Fixed assets21/28 | €1,989 | €24,229 | €87,497 | ▲ 261% |
| Tangible fixed assets22/27 | €1,989 | €24,229 | €87,497 | ▲ 261% |
| Furniture and vehicles24 | €1,989 | €24,229 | €87,497 | ▲ 261% |
| Current assets29/58 | €95,090 | €145,983 | €115,896 | ▼ 20.6% |
| Amounts receivable within one year40/41 | €17,053 | €17,636 | €23,068 | ▲ 30.8% |
| Trade receivables40 | €17,053 | €17,636 | €17,636 | = |
| Other amounts receivable41 | - | - | €5,433 | - |
| Cash at bank and in hand54/58 | €75,475 | €126,501 | €78,864 | ▼ 37.7% |
| Deferred charges and accrued income490/1 | €2,563 | €1,845 | €13,964 | ▲ 657% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €98,765 | €171,045 | €203,393 | ▲ 18.9% |
| Equity10/15 | €57,817 | €124,125 | €174,431 | ▲ 40.5% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | = |
| Reserves13 | €50,000 | €115,000 | €165,000 | ▲ 43.5% |
| Distributable reserves133 | €50,000 | €115,000 | €165,000 | ▲ 43.5% |
| Profit (loss) carried forward14 | €4,317 | €5,625 | €5,931 | ▲ 5.4% |
| Amounts payable17/49 | €40,949 | €46,920 | €28,962 | ▼ 38.3% |
| Amounts payable within one year42/48 | €40,949 | €46,920 | €28,962 | ▼ 38.3% |
| Trade debts44 | €793 | - | €2,921 | - |
| Suppliers440/4 | €793 | - | €2,921 | - |
| Taxes, remuneration and social security45 | €40,156 | €45,393 | €26,041 | ▼ 42.6% |
| Taxes450/3 | €27,156 | €45,393 | €24,041 | ▼ 47.0% |
| Remuneration and social security454/9 | €13,000 | - | €2,000 | - |
| Other amounts payable47/48 | - | €1,526 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,317 | €66,309 | €50,305 | ▼ 24.1% |
| + Depreciation and write-downs630 | €1,411 | €3,613 | €15,573 | ▲ 331% |
| Operating cash flow (approximation) | €55,728 | €69,921 | €65,879 | ▼ 5.8% |
| Investment in fixed assets (approximation) | - | -€25,853 | -€78,841 | ▼ 205% |
| Change in cash | - | €51,026 | -€47,637 | ▼ 193% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
VEIDEC
BE 0846.957.676
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Belgian Business Corporation
BE 0770.516.134
Turnhout · Eq €172,855
EVS Energy
BE 0835.451.201
Nijlen · Eq €177,728
TOMT
BE 0833.044.512
Brussel · Eq €170,194
A.COPPE & Associés,experts immobilier
BE 0425.163.965
Ottignies-Louvain-la-Neuve · Eq €178,799
Of 537 companies in this sector we hold annual accounts for 304. 212 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
7 eventsLatest 11-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €50,305 ▼24.1%
Net result drops to €50,305, the lowest in the series.
31-12
Financial
Equity above €150,000Eq €174,431 ▲40.5%
3 profitable years in a row build equity to €174,431.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €66,309 ▲22.1%
Operating result €100,227, net result €66,309, both a record.
31-12
Financial
Equity above €100,000Eq €124,125 ▲115%
2 profitable years in a row build equity to €124,125.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 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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Company details
Private limited company · founded 13-12-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded13-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46120Wholesale trade
49410Freight transport by road
53200Other postal and courier activities
70200Business and other management consultancy
74301Translation services
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794705360
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Tongeren-Borgloon · 1 establishment unit since 2022
Ground area
1,942 m²
Building footprint
164 m²
Parcel 73348B0101/00D002, Flanders. Linked by address, not a title deed.
1 establishment unit
CGCONSULTING
since 2022unit no. 2.339.142.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73348B0101/00D002 | Flanders | 1,942 m² | 1 · 164 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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