CGeS
ActiveSummary
The computed 12-month bankruptcy probability of CGeS is 4.3% (elevated). The annual accounts of CGeS for fiscal year 2025 show a net loss of 86% of total assets and of 94% of the equity at the start of that year. The 2025 annual accounts show equity of €1,574 and a net result of -€23,897. Equity is shrinking by ~24.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 12% of 28051 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-40
Solvency31▼-28
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.17 in 2024; short-term debt: 94.3% and cash: 21.9% of total assets), and 94.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
5.7%
Return on assets
-86%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€23,897
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 12%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
8 d late
2023
23 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 10 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
€1,574▼ 93.8%
2024 · €25,471
Total assets
€27,799▼ 62.8%
2024 · €74,752
Net result
-€23,897▼ 3,777%
2024 · -€616
Working capital
-€3,971▲ 90.3%
2024 · -€40,929
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
Line202320242025
Operating result€160--€304-€23,708▼ 7,710%
Net result€87--€616-€23,897▼ 3,777%
Equity€3,087-€25,471▲ 725%€1,574▼ 93.8%
Total assets€4,252-€74,752▲ 1,658%€27,799▼ 62.8%
Debt€1,165-€49,282▲ 4,129%€26,225▼ 46.8%
Working capital€2,155--€40,929-€3,971▲ 90.3%
Staff (FTE)1.81.5▼ 16.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,708 in 2025 against €304 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,799
Fixed assets
€5,545 ▼ 91.6%
Current assets
€22,254 ▲ 166%
Equity and liabilities €27,799
Equity
€1,574 ▼ 93.8%
Debt
€26,225 ▼ 46.8%
Debt's share of the balance-sheet total rises from 65.9% to 94.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€23,304▼
2024 · €628
Cash flow
-€23,493▼
2024 · €316
Current ratio
0.85▲
2024 · 0.17
Debt to equity
16.66▲
2024 · 1.93
ROA
-86.0%▼
2024 · -0.8%
Interest coverage
-123.28▼
2024 · 2.68
Debt ≤ 1 year
€26,225▼
2024 · €49,282
Staff costs
€26,051▲
2024 · €4,855
A ratio outside any meaningful range has been withheld (balance sheet total €27,799, equity €1,574).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4,855 | €26,051 | ▲ 437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €477 | €932 | €404 | ▼ 56.7% |
| Other operating charges640/8 | €434 | €523 | €149 | ▼ 71.6% |
| Gross operating margin9900 | €1,071 | €6,007 | €2,895 | ▼ 51.8% |
| Operating profit (loss)9901 | €160 | -€304 | -€23,708 | ▼ 7,710% |
| Financial income75/76B | €10 | €20 | €1 | ▼ 97.0% |
| Recurring financial income75 | €10 | €20 | €1 | ▼ 97.0% |
| Financial charges65/66B | €61 | €234 | €189 | ▼ 19.3% |
| Recurring financial charges65 | €61 | €234 | €189 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €109 | -€518 | -€23,897 | ▼ 4,516% |
| Income taxes67/77 | €22 | €99 | - | - |
| Profit (loss) for the period9904 | €87 | -€616 | -€23,897 | ▼ 3,777% |
| Profit (loss) for the period to be appropriated9905 | €87 | -€616 | -€23,897 | ▼ 3,777% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4,252 | €74,752 | €27,799 | ▼ 62.8% |
| Formation expenses20 | €932 | - | - | - |
| Fixed assets21/28 | - | €66,400 | €5,545 | ▼ 91.6% |
| Tangible fixed assets22/27 | - | €66,000 | €5,145 | ▼ 92.2% |
| Land and buildings22 | - | - | €4,050 | - |
| Furniture and vehicles24 | - | - | €1,095 | - |
| Assets under construction and advance payments27 | - | €66,000 | - | - |
| Financial fixed assets28 | - | €400 | €400 | = |
| Current assets29/58 | €3,320 | €8,352 | €22,254 | ▲ 166% |
| Amounts receivable within one year40/41 | €541 | €3,654 | €13,367 | ▲ 266% |
| Trade receivables40 | - | €2,769 | €11,334 | ▲ 309% |
| Other amounts receivable41 | €541 | €885 | €2,032 | ▲ 130% |
| Cash at bank and in hand54/58 | €2,668 | €1,632 | €6,095 | ▲ 274% |
| Deferred charges and accrued income490/1 | €112 | €3,067 | €2,792 | ▼ 9.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4,252 | €74,752 | €27,799 | ▼ 62.8% |
| Equity10/15 | €3,087 | €25,471 | €1,574 | ▼ 93.8% |
| Contributions10/11 | €3,000 | €26,000 | €26,000 | = |
| Profit (loss) carried forward14 | €87 | -€529 | -€24,426 | ▼ 4,515% |
| Amounts payable17/49 | €1,165 | €49,282 | €26,225 | ▼ 46.8% |
| Amounts payable within one year42/48 | €1,165 | €49,282 | €26,225 | ▼ 46.8% |
| Trade debts44 | €828 | €3,164 | €15,742 | ▲ 398% |
| Suppliers440/4 | €828 | €3,164 | €15,742 | ▲ 398% |
| Taxes, remuneration and social security45 | €22 | €595 | €8,086 | ▲ 1,258% |
| Taxes450/3 | €22 | €458 | €335 | ▼ 26.9% |
| Remuneration and social security454/9 | - | €137 | €7,751 | ▲ 5,540% |
| Other amounts payable47/48 | €315 | €45,523 | €2,397 | ▼ 94.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €87 | -€616 | -€23,897 | ▼ 3,777% |
| + Depreciation and write-downs630 | €477 | €932 | €404 | ▼ 56.7% |
| Operating cash flow (approximation) | €564 | €316 | -€23,493 | ▼ 7,545% |
| Investment in fixed assets (approximation) | - | - | €60,452 | - |
| Change in cash | - | -€1,036 | €4,464 | ▲ 531% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€23,897
Net result drops to -€23,897, the lowest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Esneux · 1 establishment unit since 2023
Ground area
574 m²
Building footprint
80 m²
Volume, LiDAR
621 m³
Parcel 62032E0836/00Z003, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CGeS
since 20232.351.865.463
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032E0836/00Z003 | Wallonia | 574 m² | 1 · 80 m² | 8.8 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 1,429 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
Founded18-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.