CGI - COMMERCE
ActiveCGI - COMMERCE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €4k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 13882 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
65
/ 100
Healthy▼ -35 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-17
Solvency42▼-58
Growth24▼-13
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 3.83 in 2024), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
24.4%
Return on assets
2.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 5 filingsDeviation from the deadline
2025
22 d late
2024
73 d late
2023
7 d early
2022
28 d early
2021
41 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€89k▼ 5.6%
2022 · €94k
2021: €105k
2022: €94k
2021 → 2023
EBIT margin
-2.4%▼ 18.0pp
2022 · 15.5%
2021: 80.8%
2022: 15.5%
2021 → 2023
Net result
€4k▼ 70.8%
2024 · €12k
2021: €64k
2022: €9k
2023: €-7k
2024: €12k
2021 → 2025
Working capital
€26k▼ 64.8%
2024 · €74k
2021: €59k
2022: €65k
2023: €59k
2024: €74k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€105k-€94k▼ 10.9%€89k▼ 5.6%
Equity€67k-€75k▲ 13.0%€69k▼ 8.8%€81k▲ 18.2%€31k▼ 62.4%
Operating result€85k-€15k▼ 82.8%€-2k€18k€6k▼ 66.2%
Net result€64k-€9k▼ 86.3%€-7k€12k€4k▼ 70.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€4k▼ 40.0%
Current assets
€121k▲ 20.1%
Equity and liabilities €125k
Equity
€31k▼ 62.4%
Debt
€94k▲ 255%
The debt ratio rises from 24.7% to 75.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€9k▼
2024 · €22k
Cash flow
€6k▼
2024 · €16k
Solvency
24.4%▼
2024 · 75.3%
Current ratio
1.28▼
2024 · 3.83
Quick ratio
1.28▼
2024 · 3.83
Debt / equity
3.09▲
2024 · 0.33
ROE
11.9%▼
2024 · 15.4%
ROA
2.9%▼
2024 · 11.6%
Interest coverage
36.86▼
2024 · 150.44
Debt
€94k▲
2024 · €27k
Debt ≤ 1 year
€94k▲
2024 · €26k
Income taxes
€4k▼
2024 · €6k
Staff costs
€20k▲
2024 · €16
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€108k€125k▲
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€0€0=
Current assets29/58€100k€121k▲
Amounts receivable within one year40/41€14k€39k▲
Trade receivables40€0€3k▲
Other amounts receivable41€14k€37k▲
Cash at bank and in hand54/58€86k€78k▼
Deferred charges and accrued income490/1€645€3k▲
Equity and liabilities
Total equity and liabilities10/49€108k€125k▲
Equity10/15€81k€31k▼
Contributions10/11€3k€3k=
Reserves13-€4k
Distributable reserves133-€4k
Profit (loss) carried forward14€78k€24k▼
Amounts payable17/49€27k€94k▲
Amounts payable within one year42/48€26k€94k▲
Current portion of amounts payable after more than one year42€8k€10k▲
Financial debts43€3k€0▼
Credit institutions430/8€3k€0▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€14k€27k▲
Taxes450/3€14k€16k▲
Remuneration and social security454/9-€11k
Other amounts payable47/48-€54k
Accrued charges and deferred income492/3€399€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€16€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€364
Gross operating margin9900€23k€30k▲
Operating profit (loss)9901€18k€6k▼
Financial income75/76B€707€2k▲
Recurring financial income75€707€2k▲
Financial charges65/66B€146€235▲
Recurring financial charges65€146€235▲
Profit (loss) for the period before taxes9903€19k€7k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€12k€4k▼
Profit (loss) for the period to be appropriated9905€12k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€82k▲
Profit (loss) brought forward from the previous period14P€66k€78k▲
Transfer to equity691/2-€4k
To other reserves6921-€4k
Profit to be distributed694/7-€54k
Return on contributions (dividend)694-€54k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
12-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 73 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-7k ▼176%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-02-2022
Resigned as Managing director
Location & real-estate footprint
Registered office, Colfontaine · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Rossignol 777340 ColfontaineGround area
6,106 m²
Building footprint
264 m²
Volume, LiDAR
1,617 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CGI - COMMERCE
since 20212.327.158.969
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53029B0071/00M000 | Wallonia | 4,332 m² | 1 · 179 m² | 8.0 m · 2 fl. |
| 53302C0385/00M047 | Wallonia | 1,774 m² | 1 · 85 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CROMASOM
BE 1013.475.596
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HYSAL
BE 0898.323.136
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Gaudium Immo
BE 0786.702.365
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Of 7,288 companies in sector 68110 we hold annual accounts for 5,353. 2,844 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2021
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.