CGMAX
Annual accounts 2025
micro format, filed on 15-06-2026, 46 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €410,000. Estimated: probably between €340,000 and €480,000.
Balance sheet
balance sheet total €3.4m on 31-12-2025in €m
in euro
Position in the sector
29.1%
Higher than 29% of 39,364 companies in 2025.
0.27
Higher than 7% of 38,048 companies in 2025.
8.8%
Higher than 39% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
3.4m | 3.3m | |
21/28 |
3.2m | 3.2m | |
22/27 |
7,613 | 4,782 | |
24 |
7,613 | 4,782 | |
28 |
3.2m | 3.2m | |
29/58 |
249,504 | 120,303 | |
40/41 |
22,819 | 15,229 | |
40 |
22,683 | 15,000 | |
41 |
136 | 229 | |
54/58 |
223,741 | 104,571 | |
490/1 |
2,944 | 503 | |
| Balance sheet: equity and liabilities | |||
10/49 |
3.4m | 3.3m | |
10/15 |
1.0m | 700,581 | |
10/11 |
560,107 | 560,107 | |
13 |
443,256 | 140,474 | |
133 |
443,256 | 140,474 | |
17/49 |
2.4m | 2.6m | |
17 |
1.5m | 1.7m | |
170/4 |
1.5m | 1.7m | |
42/48 |
919,702 | 838,731 | |
42 |
248,665 | 242,439 | |
44 |
9,407 | 1,894 | |
440/4 |
9,407 | 1,894 | |
45 |
126,085 | 56,347 | |
450/3 |
122,032 | 52,294 | |
454/9 |
4,053 | 4,053 | |
47/48 |
535,545 | 538,050 | |
492/3 |
17,430 | 38,092 | |
| Income statement | |||
9900 |
238,547 | 125,213 | |
630 |
1,664 | 793 | |
640/8 |
4,014 | 197 | |
9901 |
232,869 | 124,223 | |
75/76B |
224,926 | 111,452 | |
75 |
224,926 | 111,452 | |
65/66B |
84,099 | 63,823 | |
65 |
84,099 | 63,823 | |
9903 |
373,697 | 171,853 | |
67/77 |
70,915 | 31,379 | |
9904 |
302,782 | 140,474 | |
9905 |
302,782 | 140,474 | |
| Appropriation of the result | |||
9906 |
302,782 | 140,474 | |
691/2 |
302,782 | 140,474 | |
6921 |
302,782 | 140,474 | |
| Document | |||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 234,533 | 125,016 | ||
| 304,446 | 141,266 | ||
| 4,495 | 3.2m | ||
| 119,170 | - | ||
| -670,198 | -718,427 | ||
| 29.1% | 21.1% | ||
| 0.27 | 0.14 | ||
| 2.43 | 3.73 | ||
| 30.2% | 20.1% | ||
| 8.8% | 4.2% | ||
| 2.79 | 1.96 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Pledge on other assets, amount secured | €2.0m | €2.0m |
| Carrying value of the other pledged assets | €3.2m | €3.2m |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €4,495 | €5,575 |
| Financial fixed assets | - | €3.2m |
| €1,664 | €793 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on CGMAX
The operating result for 2025 is 87% higher than in 2024.
Debt's share of the balance-sheet total falls from 78.9% to 70.9%. Equity is higher and debt is lower.