CGM HOLDING
ActiveCGM HOLDING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €939k and a net result of €17k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 1199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 14.05 against 12.52 in 2023; short-term debt: 1.9% and cash: 21.3% of total assets), and 20.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.6%
Return on assets
1.5%
Age of the figures
20 mo
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
29 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▲ 11,017%
2023 · €156
2018: €83k
2019: €314k
2020: €165k
2021: €26k
2022: €5k
2023: €156
2018 → 2024
Working capital
€298k▼ 11.8%
2023 · €338k
2018: €-42k
2019: €227k
2020: €328k
2021: €384k
2022: €303k
2023: €338k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€890k-€917k▲ 2.9%€921k▲ 0.5%€922k=€939k▲ 1.9%
Operating result€185k-€24k▼ 87.0%€3k▼ 87.3%€5k▲ 67.7%€21k▲ 319%
Net result€165k-€26k▼ 84.2%€5k▼ 81.3%€156▼ 96.8%€17k▲ 11,017%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 319% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.18M
Fixed assets
€858k▲ 4.8%
Current assets
€321k▼ 12.6%
Equity and liabilities €1.18M
Equity
€939k▲ 1.9%
Provisions
€28k▼ 5.4%
Debt
€212k▼ 9.7%
The debt ratio falls from 19.8% to 18.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2023 · €62k
Cash flow
€77k▲
2023 · €57k
Solvency
79.6%▲
2023 · 77.7%
Current ratio
14.05▲
2023 · 12.52
Quick ratio
14.05▲
2023 · 12.52
Debt / equity
0.23▼
2023 · 0.25
ROE
1.9%▲
2023 · 0.0%
ROA
1.5%▲
2023 · 0.0%
Interest coverage
17.24▲
2023 · 11.61
Debt
€212k▼
2023 · €235k
Debt ≤ 1 year
€23k▼
2023 · €29k
Debt > 1 year
€189k▼
2023 · €205k
Income taxes
€10k▲
2023 · €2k
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€1.19M€1.18M▼
Fixed assets21/28€819k€858k▲
Tangible fixed assets22/27€716k€697k▼
Land and buildings22€672k€647k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€43k€48k▲
Financial fixed assets28€102k€161k▲
Current assets29/58€367k€321k▼
Amounts receivable within one year40/41€55k€34k▼
Trade receivables40€18k-
Other amounts receivable41€37k€34k▼
Current investments50/53€204k€34k▼
Cash at bank and in hand54/58€106k€251k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.18M▼
Equity10/15€922k€939k▲
Contributions10/11€6k€6k=
Reserves13€914k€931k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€90k€85k▼
Distributable reserves133€823k€846k▲
Profit (loss) carried forward14€1k€2k▲
Provisions and deferred taxes16€30k€28k▼
Deferred taxes168€30k€28k▼
Amounts payable17/49€235k€212k▼
Amounts payable after more than one year17€205k€189k▼
Financial debts170/4€205k€189k▼
Amounts payable within one year42/48€29k€23k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€12k€3k▼
Suppliers440/4€12k€3k▼
Taxes, remuneration and social security45€623€3k▲
Taxes450/3€623€3k▲
Other amounts payable47/48€708€24▼
Income statement
Code20232024
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€60k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€66k€85k▲
Operating profit (loss)9901€5k€21k▲
Financial income75/76B€1k€9k▲
Recurring financial income75€1k€9k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€912€26k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€156€17k▲
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€5k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€24k▲
Profit (loss) brought forward from the previous period14P€308€1k▲
Transfer to equity691/2€4k€22k▲
To other reserves6921€4k€22k▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €156 ▼96.8%
Net result drops to €156, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 20.94
Current ratio from 9.25 to 20.94; short-term debt falls from €40k to €19k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 9.25
Current ratio from 3.91 to 9.25; short-term debt falls from €78k to €40k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €314k ▲278%
Operating result €402k, net result €314k, both a record.
31-12
Financial
Liquidity times 6current ratio 3.91
Current ratio from 0.69 to 3.91; short-term debt falls from €135k to €78k.
31-12
Financial
Equity above €500kEq €725k ▲79.8%
2 profitable years in a row build equity to €725k.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Esneux · 1 establishment unit since 2010
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.
Chemin des Crètes 1114130 EsneuxGround area
1,401 m²
Building footprint
149 m²
Parcel 62032E0042/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
"CGM HOLDING"
since 20102.273.697.420
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032E0042/00N000 | Wallonia | 1,401 m² | 1 · 149 m² | - |
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 24,505 companies in sector 82990 we hold annual accounts for 9,396. 4,673 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2010
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.