CGCV
ActiveSummary
CGCV has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,945 and a net result of €42,861. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency51▲+51
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.3 in 2024; short-term debt: 73.6% and cash: 30.8% of total assets), and 73.6% 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
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
26.4%
Return on assets
47.2%
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
43 d late
2023
21 d early
2022
70 d late
2021
31 d late
2018
43 d late
2017
30 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 26 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 31 August (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€23,945
2024 · -€18,915
Total assets
€90,838▲ 26.1%
2024 · €72,043
Net result
€42,861▲ 105%
2024 · €20,902
Working capital
-€21,992▲ 65.4%
2024 · -€63,504
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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€684-€8,898▲ 1,201%-€5,857€30,406€57,372▲ 88.7%
Net result€168within the sector's middle half-€4,375within the sector's middle half▲ 2,507%-€10,116below the sector's middle half€20,902within the sector's middle half€42,861above the sector's middle half▲ 105%
Equity-€34,076below the sector's middle half--€29,701below the sector's middle half▲ 12.8%-€39,817below the sector's middle half▼ 34.1%-€18,915below the sector's middle half▲ 52.5%€23,945within the sector's middle half
Total assets€16,450below the sector's middle half-€75,811within the sector's middle half▲ 361%€70,631within the sector's middle half▼ 6.8%€72,043within the sector's middle half▲ 2.0%€90,838within the sector's middle half▲ 26.1%
Debt€46,526-€101,512▲ 118%€106,448▲ 4.9%€90,959▼ 14.6%€66,893▼ 26.5%
Working capital-€30,226below the sector's middle half--€82,237below the sector's middle half▼ 172%-€87,008below the sector's middle half▼ 5.8%-€63,504below the sector's middle half▲ 27.0%-€21,992within the sector's middle half▲ 65.4%
Solvency-207.1%below the sector's middle half--39.2%below the sector's middle half▲ 168.0pp-56.4%below the sector's middle half▼ 17.2pp-26.3%below the sector's middle half▲ 30.1pp26.4%within the sector's middle half▲ 52.6pp
Current ratio0.35below the sector's middle half-0.19below the sector's middle half▼ 0.160.18below the sector's middle half▼ 0.010.30below the sector's middle half▲ 0.120.67within the sector's middle half▲ 0.37
Return on assets (ROA)1.0%within the sector's middle half-5.8%within the sector's middle half▲ 4.8pp-14.3%below the sector's middle half▼ 20.1pp29.0%above the sector's middle half▲ 43.3pp47.2%above the sector's middle half▲ 18.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,838
Fixed assets
€45,937 ▲ 3.0%
Current assets
€44,901 ▲ 63.5%
Equity and liabilities €90,838
Equity
€23,945
Debt
€66,893
Debt finances 73.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€64,193▲
2024 · €37,008
Cash flow
€49,682▲
2024 · €27,504
Quick ratio
0.58▲
2024 · 0.28
Debt to equity
2.79▲
2024 · -4.81
ROE
179.0%
Interest coverage
31.50▲
2024 · 8.39
Debt ≤ 1 year
€66,893▼
2024 · €90,959
Income taxes
€12,481▲
2024 · €5,114
Staff costs
€67,178▼
2024 · €109,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €111,993 | €95,574 | €109,995 | €67,178 | ▼ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,932 | €7,076 | €6,602 | €6,821 | ▲ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,951 | - | - | - |
| Other operating charges640/8 | €130 | €922 | €11,117 | €8,461 | €2,859 | ▼ 66.2% |
| Gross operating margin9900 | €814 | €128,745 | €117,861 | €155,464 | €134,231 | ▼ 13.7% |
| Operating profit (loss)9901 | €684 | €8,898 | -€5,857 | €30,406 | €57,372 | ▲ 88.7% |
| Financial income75/76B | - | €137 | €76 | €23 | €8 | ▼ 67.8% |
| Recurring financial income75 | - | €137 | €76 | €23 | €8 | ▼ 67.8% |
| Financial charges65/66B | €460 | €1,956 | €4,211 | €4,414 | €2,038 | ▼ 53.8% |
| Recurring financial charges65 | €460 | €1,956 | €4,211 | €4,414 | €2,038 | ▼ 53.8% |
| Profit (loss) for the period before taxes9903 | €224 | €7,079 | -€9,993 | €26,015 | €55,342 | ▲ 113% |
| Income taxes67/77 | €56 | €2,704 | €123 | €5,114 | €12,481 | ▲ 144% |
| Profit (loss) for the period9904 | €168 | €4,375 | -€10,116 | €20,902 | €42,861 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €168 | €4,375 | -€10,116 | €20,902 | €42,861 | ▲ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,450 | €75,811 | €70,631 | €72,043 | €90,838 | ▲ 26.1% |
| Fixed assets21/28 | €150 | €56,536 | €51,191 | €44,589 | €45,937 | ▲ 3.0% |
| Intangible fixed assets21 | - | €54,000 | €48,000 | €42,000 | €36,000 | ▼ 14.3% |
| Tangible fixed assets22/27 | - | €2,386 | €3,041 | €2,439 | €9,787 | ▲ 301% |
| Land and buildings22 | - | €1,188 | €991 | €793 | €595 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €1,197 | €462 | €231 | - | - |
| Other tangible fixed assets26 | - | - | €1,588 | €1,415 | €9,192 | ▲ 550% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €16,300 | €19,275 | €19,440 | €27,454 | €44,901 | ▲ 63.5% |
| Stocks and contracts in progress3 | - | - | €4,428 | €1,787 | €5,787 | ▲ 224% |
| Stocks30/36 | - | - | €4,428 | €1,787 | €5,787 | ▲ 224% |
| Amounts receivable within one year40/41 | €16,262 | €12,619 | €6,187 | €13,672 | €6,970 | ▼ 49.0% |
| Trade receivables40 | €6,195 | €2,668 | €6,187 | €13,560 | €6,970 | ▼ 48.6% |
| Other amounts receivable41 | €10,067 | €9,951 | - | €112 | - | - |
| Cash at bank and in hand54/58 | €38 | €3,190 | €4,994 | €7,872 | €27,954 | ▲ 255% |
| Deferred charges and accrued income490/1 | - | €3,466 | €3,831 | €4,124 | €4,190 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,450 | €75,811 | €70,631 | €72,043 | €90,838 | ▲ 26.1% |
| Equity10/15 | -€34,076 | -€29,701 | -€39,817 | -€18,915 | €23,945 | ▲ 227% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €629 | €629 | €629 | €629 | €629 | = |
| Non-distributable reserves130/1 | €629 | €629 | €629 | €629 | €629 | = |
| Reserves not available under the articles1311 | €629 | €629 | €629 | €629 | €629 | = |
| Profit (loss) carried forward14 | -€53,306 | -€48,930 | -€59,046 | -€38,145 | €4,716 | ▲ 112% |
| Provisions and deferred taxes16 | €4,000 | €4,000 | €4,000 | - | - | - |
| Provisions for liabilities and charges160/5 | €4,000 | €4,000 | €4,000 | - | - | - |
| Other liabilities and charges164/5 | €4,000 | €4,000 | €4,000 | - | - | - |
| Amounts payable17/49 | €46,526 | €101,512 | €106,448 | €90,959 | €66,893 | ▼ 26.5% |
| Amounts payable within one year42/48 | €46,526 | €101,512 | €106,448 | €90,959 | €66,893 | ▼ 26.5% |
| Financial debts43 | €12 | - | - | - | - | - |
| Credit institutions430/8 | €12 | - | - | - | - | - |
| Trade debts44 | €6,747 | €22,961 | €29,699 | €31,636 | €20,543 | ▼ 35.1% |
| Suppliers440/4 | €6,747 | €22,961 | €29,699 | €31,636 | €20,543 | ▼ 35.1% |
| Taxes, remuneration and social security45 | €1,743 | €14,496 | €22,692 | €18,329 | €17,225 | ▼ 6.0% |
| Taxes450/3 | €1,743 | €4,022 | €5,790 | €5,676 | €11,964 | ▲ 111% |
| Remuneration and social security454/9 | - | €10,474 | €16,902 | €12,653 | €5,261 | ▼ 58.4% |
| Other amounts payable47/48 | €38,025 | €64,054 | €54,057 | €40,994 | €29,124 | ▼ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €168 | €4,375 | -€10,116 | €20,902 | €42,861 | ▲ 105% |
| + Depreciation and write-downs630 | - | €6,932 | €7,076 | €6,602 | €6,821 | ▲ 3.3% |
| Operating cash flow (approximation) | €168 | €11,307 | -€3,040 | €27,504 | €49,682 | ▲ 80.6% |
| Investment in fixed assets (approximation) | - | -€63,318 | -€1,732 | €0 | -€8,169 | - |
| Change in cash | - | €3,152 | €1,804 | €2,878 | €20,082 | ▲ 598% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €42,861 ▲105%
Operating result €57,372, net result €42,861, both a record.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Back to profitnet €20,902
Net result €20,902 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,116
Net result drops to -€10,116, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
29-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Tournai · 1 establishment unit since 2016
Ground area
225 m²
Building footprint
68 m²
Volume, LiDAR
483 m³
Parcel 57069A0525/00M000, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BIG FRITES
since 20162.250.866.291
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57069A0525/00M000 | Wallonia | 224 m² | 1 · 67 m² | 8.9 m · 3 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.250.866.291
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 8,243 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
Founded24-06-2008
Fiscal year end31-12
Abbreviation FR
HLV
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
10890Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
56111Full-service restaurants
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898797644
Registered
28-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.