CGIMO
ActiveSummary
CGIMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,371 and a net result of €3,069. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-4
Solvency46=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.76 in 2024; short-term debt: 7.5% and cash: 0.1% of total assets), and 78.7% 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
Five 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
21.3%
Return on assets
0.8%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
24 d early
2023
16 d early
2022
36 d early
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,069▼ 81.0%
2024 · €16,179
Working capital
-€14,972▼ 174%
2024 · -€5,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€7,756-€15,165▲ 95.5%€11,816▼ 22.1%€23,950▲ 103%€8,463▼ 64.7%
Net result€1,321within the sector's middle half-€8,077within the sector's middle half▲ 511%€5,725within the sector's middle half▼ 29.1%€16,179within the sector's middle half▲ 183%€3,069within the sector's middle half▼ 81.0%
Equity€51,321below the sector's middle half-€59,398within the sector's middle half▲ 15.7%€65,123within the sector's middle half▲ 9.6%€81,302within the sector's middle half▲ 24.8%€84,371within the sector's middle half▲ 3.8%
Total assets€414,480below the sector's middle half-€409,277below the sector's middle half▼ 1.3%€397,150below the sector's middle half▼ 3.0%€386,552below the sector's middle half▼ 2.7%€396,204below the sector's middle half▲ 2.5%
Debt€363,159-€349,879▼ 3.7%€332,027▼ 5.1%€305,250▼ 8.1%€311,833▲ 2.2%
Working capital-€23,172--€20,019▲ 13.6%-€17,270▲ 13.7%-€5,464▲ 68.4%-€14,972▼ 174%
Solvency12.4%within the sector's middle half-14.5%within the sector's middle half▲ 2.1pp16.4%within the sector's middle half▲ 1.9pp21.0%within the sector's middle half▲ 4.6pp21.3%within the sector's middle half▲ 0.3pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396,204
Fixed assets
€381,534 ▲ 3.4%
Current assets
€14,670 ▼ 17.2%
Equity and liabilities €396,204
Equity
€84,371 ▲ 3.8%
Debt
€311,833 ▲ 2.2%
Debt's share of the balance-sheet total falls from 79.0% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,704▼
2024 · €37,552
Cash flow
€18,310▼
2024 · €29,781
Current ratio
0.49▼
2024 · 0.76
Debt to equity
3.70▼
2024 · 3.75
ROE
3.6%▼
2024 · 19.9%
ROA
0.8%▼
2024 · 4.2%
Interest coverage
6.00▼
2024 · 10.08
Debt ≤ 1 year
€29,642▲
2024 · €23,192
Debt > 1 year
€280,019▼
2024 · €282,058
Income taxes
€1,443▼
2024 · €4,045
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 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 3,270 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,771 | €13,260 | €13,601 | €13,602 | €15,241 | ▲ 12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,955 | - | - | - | - | - |
| Other operating charges640/8 | €2,934 | €3,402 | €3,953 | €4,092 | €4,256 | ▲ 4.0% |
| Gross operating margin9900 | €23,417 | €31,827 | €29,370 | €41,644 | €27,960 | ▼ 32.9% |
| Operating profit (loss)9901 | €7,756 | €15,165 | €11,816 | €23,950 | €8,463 | ▼ 64.7% |
| Financial income75/76B | - | - | €2 | €0 | €1 | - |
| Recurring financial income75 | - | - | €2 | €0 | €1 | - |
| Financial charges65/66B | €5,819 | €4,059 | €3,946 | €3,726 | €3,952 | ▲ 6.1% |
| Recurring financial charges65 | €5,819 | €4,059 | €3,946 | €3,726 | €3,952 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €1,937 | €11,106 | €7,872 | €20,224 | €4,512 | ▼ 77.7% |
| Income taxes67/77 | €616 | €3,029 | €2,147 | €4,045 | €1,443 | ▼ 64.3% |
| Profit (loss) for the period9904 | €1,321 | €8,077 | €5,725 | €16,179 | €3,069 | ▼ 81.0% |
| Profit (loss) for the period to be appropriated9905 | €1,321 | €8,077 | €5,725 | €16,179 | €3,069 | ▼ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €414,480 | €409,277 | €397,150 | €386,552 | €396,204 | ▲ 2.5% |
| Fixed assets21/28 | €406,373 | €394,827 | €381,226 | €368,824 | €381,534 | ▲ 3.4% |
| Tangible fixed assets22/27 | €406,373 | €394,827 | €381,226 | €367,624 | €380,884 | ▲ 3.6% |
| Land and buildings22 | €406,373 | €394,827 | €381,226 | €367,624 | €374,614 | ▲ 1.9% |
| Plant, machinery and equipment23 | - | - | - | - | €4,966 | - |
| Furniture and vehicles24 | - | - | - | - | €1,304 | - |
| Financial fixed assets28 | - | - | - | €1,200 | €650 | ▼ 45.8% |
| Current assets29/58 | €8,107 | €14,449 | €15,924 | €17,728 | €14,670 | ▼ 17.2% |
| Amounts receivable within one year40/41 | €3,106 | €6,239 | €15,037 | €8,871 | €13,003 | ▲ 46.6% |
| Trade receivables40 | €3,106 | €6,239 | €12,611 | €4,747 | €9,419 | ▲ 98.4% |
| Other amounts receivable41 | - | - | €2,426 | €4,124 | €3,585 | ▼ 13.1% |
| Cash at bank and in hand54/58 | €5,001 | €8,210 | €887 | €7,781 | €333 | ▼ 95.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,076 | €1,334 | ▲ 23.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €414,480 | €409,277 | €397,150 | €386,552 | €396,204 | ▲ 2.5% |
| Equity10/15 | €51,321 | €59,398 | €65,123 | €81,302 | €84,371 | ▲ 3.8% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €1,321 | €9,398 | €15,123 | €15,123 | €15,123 | = |
| Distributable reserves133 | €1,321 | €9,398 | €15,123 | €15,123 | €15,123 | = |
| Profit (loss) carried forward14 | - | - | - | €16,179 | €19,248 | ▲ 19.0% |
| Amounts payable17/49 | €363,159 | €349,879 | €332,027 | €305,250 | €311,833 | ▲ 2.2% |
| Amounts payable after more than one year17 | €331,793 | €315,411 | €298,833 | €282,058 | €280,019 | ▼ 0.7% |
| Financial debts170/4 | €331,793 | €315,411 | €298,833 | €282,058 | €280,019 | ▼ 0.7% |
| Amounts payable within one year42/48 | €31,279 | €34,468 | €33,194 | €23,192 | €29,642 | ▲ 27.8% |
| Current portion of amounts payable after more than one year42 | €16,190 | €16,383 | €16,578 | €16,775 | €19,793 | ▲ 18.0% |
| Trade debts44 | €1,458 | €2,042 | €0 | €329 | €2,170 | ▲ 559% |
| Suppliers440/4 | €1,458 | €2,042 | €0 | €329 | €2,170 | ▲ 559% |
| Taxes, remuneration and social security45 | €616 | €3,029 | €3,601 | €573 | €573 | = |
| Taxes450/3 | €616 | €3,029 | €3,601 | €573 | €573 | = |
| Other amounts payable47/48 | €13,015 | €13,015 | €13,015 | €5,515 | €7,107 | ▲ 28.9% |
| Accrued charges and deferred income492/3 | €87 | - | - | - | €2,172 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,321 | €8,077 | €5,725 | €16,179 | €3,069 | ▼ 81.0% |
| + Depreciation and write-downs630 | €9,771 | €13,260 | €13,601 | €13,602 | €15,241 | ▲ 12.0% |
| Operating cash flow (approximation) | €11,092 | €21,337 | €19,326 | €29,781 | €18,310 | ▼ 38.5% |
| Investment in fixed assets (approximation) | - | -€1,715 | €0 | -€1,200 | -€27,951 | ▼ 2,229% |
| Change in cash | - | €3,209 | -€7,323 | €6,893 | -€7,448 | ▼ 208% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2021net €16,179 ▲183%
Operating result €23,950, net result €16,179, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 2021
Ground area
719 m²
Building footprint
138 m²
Volume, LiDAR
1,115 m³
Parcel 62078A0387/00A000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue du Batty 55, 4000 Liège
since 20212.313.486.424
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0387/00A000 | Wallonia | 719 m² | 1 · 138 m² | 10.8 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.
Similar companies · same sector, comparable size
MAXCONSTRUCT
BE 0500.579.485
Waregem · Eq €84,606
Ysewijn Konstrukt
BE 0643.998.935
Hamme (Vl.) · Eq €84,699
Degrande Solutions
BE 0598.921.055
Kortrijk · Eq €85,033
HUYGHEBAERT & MOMMENS
BE 0427.285.889
Oostkamp · Eq €82,500
T.H.D.
BE 0866.767.254
Anderlecht · Eq €86,411
Of 1,294 companies in sector 68122 we hold annual accounts for 903. 518 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
Founded28-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762648444
Registered
15-03-2021
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.