CGM
ActiveThe computed 12-month bankruptcy probability of CGM is 7.0% (elevated). The annual accounts of CGM for fiscal year 2024 show a net loss of 117% of total assets and of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-3k. Equity is shrinking by ~195.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 75% of 18942 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency83▼-9
Growth32=
Track record94
Bankruptcy probability, 12 months
7.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Age of the figures
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
30 d early
2022
20 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 66.8%
2023 · €5k
2022: €21k
2023: €5k
2022 → 2024
Total assets
€3k▼ 61.8%
2023 · €7k
2022: €27k
2023: €7k
2022 → 2024
Net result
€-3k▲ 79.4%
2023 · €-16k
2022: €3k
2023: €-16k
2022 → 2024
Working capital
€1k▼ 72.9%
2023 · €4k
2022: €19k
2023: €4k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€21k-€5k▼ 76.4%€2k▼ 66.8%
Operating result€4k-€-16k€-3k▲ 79.6%
Net result€3k-€-16k€-3k▲ 79.4%
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 €3k in 2024 against €16k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3k
Fixed assets
€616▼ 48.1%
Current assets
€2k▼ 64.4%
Equity and liabilities €3k
Equity
€2k▼ 66.8%
Debt
€1k▼ 51.5%
The debt ratio rises from 32.8% to 41.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▲
2023 · €-15k
Cash flow
€-3k▲
2023 · €-16k
Interest coverage
-50.00▲
2023 · -63.07
Debt
€1k▼
2023 · €2k
Debt ≤ 1 year
€1k▼
2023 · €2k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7k€3k▼
Fixed assets21/28€1k€616▼
Tangible fixed assets22/27€1k€616▼
Plant, machinery and equipment23€710€496▼
Furniture and vehicles24€477€119▼
Current assets29/58€6k€2k▼
Amounts receivable within one year40/41€3k€662▼
Trade receivables40€3k€363▼
Other amounts receivable41-€299
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€35-
Equity and liabilities
Total equity and liabilities10/49€7k€3k▼
Equity10/15€5k€2k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-14k€-17k▼
Amounts payable17/49€2k€1k▼
Amounts payable within one year42/48€2k€1k▼
Trade debts44€1k€124▼
Suppliers440/4€1k€124▼
Taxes, remuneration and social security45€99-
Taxes450/3€99-
Other amounts payable47/48€1k€1k▼
Accrued charges and deferred income492/3€39-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€571€571=
Other operating charges640/8€1k€124▼
Gross operating margin9900€-14k€-3k▲
Operating profit (loss)9901€-16k€-3k▲
Financial income75/76B€83-
Recurring financial income75€83-
Financial charges65/66B€245€54▼
Recurring financial charges65€245€54▼
Profit (loss) for the period before taxes9903€-16k€-3k▲
Income taxes67/77€-107-
Profit (loss) for the period9904€-16k€-3k▲
Profit (loss) for the period to be appropriated9905€-16k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-17k▼
Profit (loss) brought forward from the previous period14P-€-14k
Transfer from equity791/2€3k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-16k ▼723%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Riemst · 1 establishment unit since 2022
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.
Klein Lafeltstraat 523770 RiemstGround area
832 m²
Building footprint
104 m²
Volume, LiDAR
586 m³
Parcel 73066A0568/00G002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tina's Kaffee
since 20222.330.336.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73066A0568/00G002 | Flanders | 832 m² | 1 · 104 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 21,896 companies in sector 56112 we hold annual accounts for 9,785. 2,598 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2022
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
46349Wholesale of beverages, general range
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.