CGers
ActiveSummary
CGers has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.1m and a net result of €48,900. Equity is growing by ~8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71=
Solvency97▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 4.59 against 3.35 in 2023; short-term debt: 14% and cash: 10.8% of total assets), and 27.7% 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
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2024Solvency, return and age of the figures
Solvency
72.3%
Return on assets
1.7%
Age of the figures
21 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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
29 d early
2023
33 d early
2022
34 d early
2021
2 d early
2020
23 d early
2019
13 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 21 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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 29 June (5 of the last 5 filed years within 30 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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Financials · fiscal year 2024, abbreviated schema
Equity
€2.1m▲ 2.2%
2023 · €2.1m
Total assets
€2.9m▼ 9.6%
2023 · €3.3m
Net result
€48,900▼ 19.9%
2023 · €61,079
Working capital
€1.5m▲ 6.2%
2023 · €1.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 28, Manufacture of machinery and equipment not elsewhere classified, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€875,127▼ 41.3%€323,038▼ 63.1%€538,720▲ 66.8%€98,597▼ 81.7%€79,991▼ 18.9%
Net result€715,572above the sector's middle half▼ 40.2%€253,946above the sector's middle half▼ 64.5%€465,802above the sector's middle half▲ 83.4%€61,079within the sector's middle half▼ 86.9%€48,900within the sector's middle half▼ 19.9%
Equity€1.7mabove the sector's middle half▲ 25.6%€1.9mabove the sector's middle half▲ 8.7%€2.0mabove the sector's middle half▲ 7.3%€2.1mabove the sector's middle half▲ 2.9%€2.1mabove the sector's middle half▲ 2.2%
Total assets€4.1mabove the sector's middle half▼ 5.6%€4.2mabove the sector's middle half▲ 1.5%€4.0mabove the sector's middle half▼ 5.8%€3.3mwithin the sector's middle half▼ 17.8%€2.9mwithin the sector's middle half▼ 9.6%
Debt€2.3m▼ 20.0%€2.2m▼ 4.6%€1.8m▼ 16.6%€1.1m▼ 39.3%€755,384▼ 31.5%
Working capital€945,334above the sector's middle half▲ 49.5%€1.4mabove the sector's middle half▲ 45.9%€1.2mabove the sector's middle half▼ 9.5%€1.4mabove the sector's middle half▲ 11.5%€1.5mabove the sector's middle half▲ 6.2%
Solvency41.8%within the sector's middle half▲ 10.4pp44.8%within the sector's middle half▲ 3.0pp51.1%within the sector's middle half▲ 6.2pp63.9%within the sector's middle half▲ 12.8pp72.3%above the sector's middle half▲ 8.4pp
Current ratio1.74within the sector's middle half▲ 0.392.35within the sector's middle half▲ 0.612.08within the sector's middle half▼ 0.263.35above the sector's middle half▲ 1.264.59above the sector's middle half▲ 1.24
Return on assets (ROA)17.3%above the sector's middle half▼ 10.0pp6.0%within the sector's middle half▼ 11.2pp11.8%above the sector's middle half▲ 5.7pp1.9%within the sector's middle half▼ 9.9pp1.7%within the sector's middle half▼ 0.2pp
Staff (FTE)24above the sector's middle half▲ 15.4%24.8above the sector's middle half▲ 3.3%20.9above the sector's middle half▼ 15.7%17.8above the sector's middle half▼ 14.8%16.4above the sector's middle half▼ 7.9%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 19% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.1m ▼ 17.2%
Current assets
€1.9m ▼ 4.8%
Equity and liabilities €2.9m
Equity
€2.1m ▲ 2.2%
Provisions
€60,681 ▼ 17.0%
Debt
€755,384 ▼ 31.5%
Debt's share of the balance-sheet total falls from 33.9% to 25.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€322,772▼
2023 · €435,936
Cash flow
€291,682▼
2023 · €398,418
Quick ratio
2.41▲
2023 · 2.26
Debt to equity
0.36▼
2023 · 0.53
ROE
2.3%▼
2023 · 2.9%
Interest coverage
16.91▼
2023 · 19.70
Debt ≤ 1 year
€411,517▼
2023 · €592,483
Debt > 1 year
€343,867▼
2023 · €510,433
Income taxes
€29,919▲
2023 · €29,120
Staff costs
€977,566▲
2023 · €957,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 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 6,048 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.2m | €1.2m | €957,886 | €977,566 | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €379,354 | €352,269 | €361,805 | €337,339 | €242,781 | ▼ 28.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €16,002 | -€20,646 | -€50,606 | -€12,428 | ▲ 75.4% |
| Other operating charges640/8 | - | €22,984 | €21,316 | €23,369 | €24,492 | ▲ 4.8% |
| Non-recurring operating charges66A | - | - | €1,652 | - | - | - |
| Gross operating margin9900 | €2.3m | €2.0m | €2.1m | €1.4m | €1.3m | ▼ 4.0% |
| Operating profit (loss)9901 | €875,127 | €323,038 | €538,720 | €98,597 | €79,991 | ▼ 18.9% |
| Financial income75/76B | - | €18,734 | €2,952 | €13,726 | €17,914 | ▲ 30.5% |
| Recurring financial income75 | €3,157 | €18,734 | €2,952 | €13,726 | €17,914 | ▲ 30.5% |
| Financial charges65/66B | - | €44,279 | €27,197 | €22,125 | €19,085 | ▼ 13.7% |
| Recurring financial charges65 | €48,033 | €44,279 | €27,197 | €22,125 | €19,085 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €830,251 | €297,492 | €514,474 | €90,199 | €78,819 | ▼ 12.6% |
| Income taxes67/77 | €114,678 | €43,546 | €48,671 | €29,120 | €29,919 | ▲ 2.7% |
| Profit (loss) for the period9904 | €715,572 | €253,946 | €465,802 | €61,079 | €48,900 | ▼ 19.9% |
| Profit (loss) for the period to be appropriated9905 | €715,572 | €253,946 | €465,802 | €61,079 | €48,900 | ▼ 19.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €4.2m | €4.0m | €3.3m | €2.9m | ▼ 9.6% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.6m | €1.3m | €1.1m | ▼ 17.2% |
| Intangible fixed assets21 | €3,733 | €94,859 | €74,801 | €54,744 | €34,687 | ▼ 36.6% |
| Tangible fixed assets22/27 | €1.9m | €1.7m | €1.5m | €1.2m | €1.0m | ▼ 16.3% |
| Land and buildings22 | - | €662,848 | €614,262 | €598,297 | €548,805 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | €315,857 | €249,172 | €174,526 | €125,463 | ▼ 28.1% |
| Furniture and vehicles24 | - | €9,699 | €77,492 | €72,982 | €56,076 | ▼ 23.2% |
| Leasing and similar rights25 | - | €722,527 | €547,518 | €372,510 | €288,858 | ▼ 22.5% |
| Current assets29/58 | €2.2m | €2.4m | €2.4m | €2.0m | €1.9m | ▼ 4.8% |
| Stocks and contracts in progress3 | €18,015 | €579,350 | €380,145 | €645,000 | €897,440 | ▲ 39.1% |
| Stocks30/36 | - | €169,350 | €90,145 | €116,000 | €127,000 | ▲ 9.5% |
| Contracts in progress37 | - | €410,000 | €290,000 | €529,000 | €770,440 | ▲ 45.6% |
| Amounts receivable within one year40/41 | €1.5m | €1.7m | €1.3m | €375,285 | €635,480 | ▲ 69.3% |
| Trade receivables40 | - | €1.5m | €1.2m | €317,467 | €562,770 | ▲ 77.3% |
| Other amounts receivable41 | - | €178,496 | €112,490 | €57,818 | €72,710 | ▲ 25.8% |
| Current investments50/53 | - | - | - | €806,203 | - | - |
| Cash at bank and in hand54/58 | €315,252 | €89,728 | €616,380 | €124,755 | €318,053 | ▲ 155% |
| Deferred charges and accrued income490/1 | - | €52,141 | €56,439 | €32,830 | €38,345 | ▲ 16.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €4.2m | €4.0m | €3.3m | €2.9m | ▼ 9.6% |
| Equity10/15 | €1.7m | €1.9m | €2.0m | €2.1m | €2.1m | ▲ 2.2% |
| Contributions10/11 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €1.7m | €1.8m | €2.0m | €2.0m | €2.1m | ▲ 2.4% |
| Non-distributable reserves130/1 | - | €4,500 | €4,500 | €4,500 | - | - |
| Reserves not available under the articles1311 | - | €4,500 | €4,500 | €4,500 | - | - |
| Distributable reserves133 | - | €1.8m | €2.0m | €2.0m | €2.1m | ▲ 2.7% |
| Investment grants15 | - | €25,784 | €22,918 | €20,052 | €17,187 | ▼ 14.3% |
| Provisions and deferred taxes16 | €128,360 | €144,362 | €123,716 | €73,109 | €60,681 | ▼ 17.0% |
| Provisions for liabilities and charges160/5 | - | €144,362 | €123,716 | €73,109 | €60,681 | ▼ 17.0% |
| Other liabilities and charges164/5 | - | €144,362 | €123,716 | €73,109 | €60,681 | ▼ 17.0% |
| Amounts payable17/49 | €2.3m | €2.2m | €1.8m | €1.1m | €755,384 | ▼ 31.5% |
| Amounts payable after more than one year17 | €1.0m | €836,106 | €664,559 | €510,433 | €343,867 | ▼ 32.6% |
| Financial debts170/4 | - | €836,106 | €664,559 | €510,433 | €343,867 | ▼ 32.6% |
| Amounts payable within one year42/48 | €1.3m | €1.0m | €1.2m | €592,483 | €411,517 | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | - | €169,386 | €171,546 | €154,126 | €67,562 | ▼ 56.2% |
| Financial debts43 | - | €26,742 | - | - | - | - |
| Credit institutions430/8 | - | €26,742 | - | - | - | - |
| Trade debts44 | €596,082 | €574,144 | €552,607 | €335,333 | €224,412 | ▼ 33.1% |
| Suppliers440/4 | - | €574,144 | €552,607 | €335,333 | €224,412 | ▼ 33.1% |
| Taxes, remuneration and social security45 | - | €158,047 | €102,168 | €99,071 | €103,245 | ▲ 4.2% |
| Taxes450/3 | - | - | - | - | €5,473 | - |
| Remuneration and social security454/9 | - | €158,047 | €102,168 | €99,071 | €97,772 | ▼ 1.3% |
| Other amounts payable47/48 | - | €94,628 | €324,728 | €3,953 | €16,299 | ▲ 312% |
| Accrued charges and deferred income492/3 | - | €319,200 | €279 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €715,572 | €253,946 | €465,802 | €61,079 | €48,900 | ▼ 19.9% |
| + Depreciation and write-downs630 | €379,354 | €352,269 | €361,805 | €337,339 | €242,781 | ▼ 28.0% |
| Operating cash flow (approximation) | €1.1m | €606,215 | €827,607 | €398,418 | €291,682 | ▼ 26.8% |
| Investment in fixed assets (approximation) | - | -€233,667 | -€119,260 | -€47,153 | -€23,611 | ▲ 49.9% |
| Change in cash | - | -€225,524 | €526,652 | -€491,625 | €193,298 | ▲ 139% |
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
14-08
State Gazette act
Appointment: MumacoM BV (director)Permanent representative: Charles Segers3 facts ▸
State Gazette act
Appointment: MumacoM BV (director)
Permanent representative: Charles Segers3 facts ▸
- General meeting, 09-07-2026
- Director appointment, MumacoM BV (director)
- Permanent representative, Charles Segers (permanent representative)
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €48,900 ▼19.9%
Net result drops to €48,900, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2mEq €2.0m ▲7.3%
5 profitable years in a row build equity to €2.0m.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
31-12
Financial
Highest result since 2018net €1.2m ▲298%
Operating result €1.5m, net result €1.2m, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲109%
2 profitable years in a row build equity to €1.4m.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
MUMACOM
CurrentDirector · since 13-07-2026 · Private limited company · perm. rep.: Charles Segers
Permanent representatives 1
Charles Segers
CurrentPermanent representative · since 13-07-2026 · for MUMACOM
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2019
Ground area
8,124 m²
Building footprint
3,386 m²
Volume, LiDAR
16,083 m³
Parcel 71065A0205/00F019, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Cgers
since 20192.293.577.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0205/00F019 | Flanders | 8,124 m² | 1 · 3,386 m² | 9.0 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| MUMACOM |
|
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts manam 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 9,666 EUR awarded · 9,548 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -7,910 EUR | 771 EUR |
| 2024 | 2 | 299 EUR | 8,500 EUR |
| 2023 | 2 | 17,277 EUR | 277 EUR |
Recognitions · licences · registrations
Dual-learning approval
6 endedLassen-constructie duaal (so)
Lassen-constructie duaal (so)
Lasser MIG/MAG (so)
Lasser TIG (so)
Productiemedewerker metaal (so)
Lasser TIG (so)
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Identification & contact
Identification
Legal formPrivate limited company
Founded10-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
46713Wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891377738
Registered
31-07-2025
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.