CGM
ActiveSummary
CGM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency69▲+28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer 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
44.4%
Return on assets
18.3%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-10-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
3 d early
2023
5 d early
2022
on the day
2021
3 d early
2020
4 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▲ 70.0%
2024 · €3k
2019: €-4k
2020: €-7k▼ -89.6% vs 2019lowest in 7 years
2021: €-4k▲ +44.8% vs 2020
2022: €-5k▼ -9.0% vs 2021
2023: €-2k▲ +54.8% vs 2022
2024: €3k▲ +228% vs 2023
2025: €4k▲ +70.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€10k▼ 37.6%
2024 · €16k
2019: €17k
2020: €8k▼ -52.4% vs 2019lowest in 7 years
2021: €14k▲ +72.8% vs 2020
2022: €11k▼ -23.0% vs 2021
2023: €20k▲ +84.6% vs 2022highest in 7 years
2024: €16k▼ -20.2% vs 2023
2025: €10k▼ -37.6% vs 2024
2019 → 2025
Net result
€2k▼ 60.7%
2024 · €5k
2019: €1k
2020: €-4k▼ -443% vs 2019lowest in 7 years
2021: €3k▲ +195% vs 2020
2022: €-372▼ -111% vs 2021
2023: €2k▲ +765% vs 2022
2024: €5k▲ +88.4% vs 2023highest in 7 years
2025: €2k▼ -60.7% vs 2024
2019 → 2025
Working capital
€4k▲ 1,066%
2024 · €381
2019: €-6k
2020: €-8k▼ -40.3% vs 2019lowest in 7 years
2021: €-6k▲ +25.0% vs 2020
2022: €-7k▼ -8.4% vs 2021
2023: €-5k▲ +19.6% vs 2022
2024: €381▲ +107% vs 2023
2025: €4k▲ +1066% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€-5k▼ 9.0%€-2k▲ 54.8%€3k€4k▲ 70.0%
2021: €-4k
2022: €-5k▼ -9.0% vs 2021lowest in 5 years
2023: €-2k▲ +54.8% vs 2022
2024: €3k▲ +228% vs 2023
2025: €4k▲ +70.0% vs 2024highest in 5 years
Operating result€5k-€280▼ 94.4%€4k▲ 1,278%€7k▲ 75.7%€5k▼ 32.0%
2021: €5k
2022: €280▼ -94.4% vs 2021lowest in 5 years
2023: €4k▲ +1278% vs 2022
2024: €7k▲ +75.7% vs 2023highest in 5 years
2025: €5k▼ -32.0% vs 2024
Net result€3k-€-372€2k€5k▲ 88.4%€2k▼ 60.7%
2021: €3k
2022: €-372▼ -111% vs 2021lowest in 5 years
2023: €2k▲ +765% vs 2022
2024: €5k▲ +88.4% vs 2023highest in 5 years
2025: €2k▼ -60.7% vs 2024
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 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10k
Equity
€4k ▲ 70.0%
Debt
€6k ▼ 58.5%
Debt's share of the balance-sheet total falls from 83.7% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €8k
Cash flow
€2k▼
2024 · €6k
Current ratio
1.80▲
2024 · 1.03
Debt to equity
1.25▼
2024 · 5.14
ROE
41.2%▼
2024 · 178.0%
ROA
18.3%▼
2024 · 29.0%
Interest coverage
3.28▼
2024 · 61.80
Debt ≤ 1 year
€6k▼
2024 · €13k
Income taxes
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16k€10k▼
Fixed assets21/28€2k-
Tangible fixed assets22/27€2k-
Furniture and vehicles24€2k-
Financial fixed assets28€300-
Current assets29/58€14k€10k▼
Amounts receivable within one year40/41€8k€3k▼
Trade receivables40€8k€3k▼
Other amounts receivable41€26€26=
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1-€203
Equity and liabilities
Total equity and liabilities10/49€16k€10k▼
Equity10/15€3k€4k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-16k€-14k▲
Amounts payable17/49€13k€6k▼
Amounts payable within one year42/48€13k€6k▼
Trade debts44€2k€772▼
Suppliers440/4€2k€772▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€6k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€400▼
Other operating charges640/8€450€2k▲
Gross operating margin9900€10k€7k▼
Operating profit (loss)9901€7k€5k▼
Financial charges65/66B€129€2k▲
Recurring financial charges65€129€2k▲
Profit (loss) for the period before taxes9903€7k€3k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-14k▲
Profit (loss) brought forward from the previous period14P€-21k€-16k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | €2k | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €446 | €602 | €770 | €1k | €400 | ▼ 65.3% |
| Other operating charges640/8 | - | €396 | €408 | €450 | €2k | ▲ 447% |
| Gross operating margin9900 | €8k | €3k | €7k | €10k | €7k | ▼ 27.5% |
| Operating profit (loss)9901 | €5k | €280 | €4k | €7k | €5k | ▼ 32.0% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | - | €59 | €115 | €129 | €2k | ▲ 1,090% |
| Recurring financial charges65 | €89 | €59 | €115 | €129 | €2k | ▲ 1,090% |
| Profit (loss) for the period before taxes9903 | €5k | €222 | €4k | €7k | €3k | ▼ 53.6% |
| Income taxes67/77 | €2k | €593 | €1k | €2k | €1k | ▼ 37.3% |
| Profit (loss) for the period9904 | €3k | €-372 | €2k | €5k | €2k | ▼ 60.7% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-372 | €2k | €5k | €2k | ▼ 60.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14k | €11k | €20k | €16k | €10k | ▼ 37.6% |
| Fixed assets21/28 | €2k | €2k | €3k | €2k | - | - |
| Tangible fixed assets22/27 | €2k | €2k | €3k | €2k | - | - |
| Furniture and vehicles24 | - | €2k | €3k | €2k | - | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | - | - |
| Current assets29/58 | €12k | €9k | €17k | €14k | €10k | ▼ 27.5% |
| Amounts receivable within one year40/41 | €7k | €7k | €16k | €8k | €3k | ▼ 58.8% |
| Trade receivables40 | - | €7k | €16k | €8k | €3k | ▼ 59.0% |
| Other amounts receivable41 | - | €23 | €26 | €26 | €26 | = |
| Cash at bank and in hand54/58 | €5k | €2k | €345 | €6k | €7k | ▲ 7.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €203 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14k | €11k | €20k | €16k | €10k | ▼ 37.6% |
| Equity10/15 | €-4k | €-5k | €-2k | €3k | €4k | ▲ 70.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-23k | €-23k | €-21k | €-16k | €-14k | ▲ 11.4% |
| Amounts payable17/49 | €18k | €15k | €22k | €13k | €6k | ▼ 58.5% |
| Amounts payable within one year42/48 | €18k | €15k | €22k | €13k | €6k | ▼ 58.5% |
| Trade debts44 | €1k | €546 | €1k | €2k | €772 | ▼ 58.2% |
| Suppliers440/4 | - | €546 | €1k | €2k | €772 | ▼ 58.2% |
| Taxes, remuneration and social security45 | - | €3k | €6k | €5k | €2k | ▼ 62.1% |
| Taxes450/3 | - | €3k | €6k | €5k | €2k | ▼ 62.1% |
| Other amounts payable47/48 | - | €12k | €14k | €6k | €3k | ▼ 55.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-372 | €2k | €5k | €2k | ▼ 60.7% |
| + Depreciation and write-downs630 | €446 | €602 | €770 | €1k | €400 | ▼ 65.3% |
| Operating cash flow (approximation) | €4k | €230 | €3k | €6k | €2k | ▼ 61.6% |
| Investment in fixed assets (approximation) | - | €-755 | €-2k | €0 | - | - |
| Change in cash | - | €-3k | €-2k | €6k | €454 | ▼ 92.3% |
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
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €5k ▲88.4%
Operating result €7k, net result €5k, both a record.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
31-03
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2017
03-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Chaumont-Gistoux · 1 establishment unit since 2013
Ground area
1,525 m²
Building footprint
337 m²
Volume, LiDAR
2,920 m³
Parcel 25021D0186/00E000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CGM
since 20132.225.466.644
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25021D0186/00E000 | Wallonia | 1,525 m² | 1 · 337 m² | 12.0 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.
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Of 2,787 companies in sector 63910 we hold annual accounts for 699. 300 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
Founded20-12-2013
Fiscal year end31-03
Activities, NACEBEL 2025
63910Web portal activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.