CGMD CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CGMD CONCEPT is 4.9% (elevated). The 2025 annual accounts show negative equity (-€4,403) and a net result of -€7,185. Equity has been shrinking by about 50% per year since 2022. Its solvency ranks better than 24% of 16,996 sector peers (NACE 56, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-10-2022 Normal situation
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112and 1 other
- Establishment unit
- 2.339.245.169 4140 Sprimont, since 01-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 14-07-2026
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.9%
- Gross margin
- €66,001
- ▲ 1.5%
- Turnover
- ≈ €240,000
- estimated
- Loss
- €7,185
- Equity
- -€4,403
- Total assets
- €98,972
- ▼ 17.3%
- Staff
- ≈ 1.7 FTE
- estimated
- Negative equity on 31-12-2025
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 28 days late; 2 of the last 3 accounts lateFounded in 2022Negative equity -€4,403Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 24% of them on solvency, 35% on liquidity, 26% on profitability and 3% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 221 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00477948.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,909, after a profit of €8,524 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €454 | €3,814 | - |
| Intangible fixed assets | - | €100,000 | - | - |
| Depreciation and write-downs of the year | - | €9,598 | €10,381 | €10,914 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €68,406 | €45,815 | €58,664 | ▲ 28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €9,598 | €10,381 | €10,914 | ▲ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €133 | - | - | - |
| Other operating charges640/8 | - | - | €302 | €331 | ▲ 9.8% |
| Gross operating margin9900 | -€2,189 | €78,901 | €65,021 | €66,001 | ▲ 1.5% |
| Operating profit (loss)9901 | -€2,189 | €764 | €8,524 | -€3,909 | - |
| Financial charges65/66B | €12 | €3,462 | €3,163 | €3,276 | ▲ 3.6% |
| Recurring financial charges65 | €12 | €3,462 | €3,163 | €3,276 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | -€2,201 | -€2,698 | €5,361 | -€7,185 | - |
| Income taxes67/77 | - | - | €180 | - | - |
| Profit (loss) for the period9904 | -€2,201 | -€2,698 | €5,181 | -€7,185 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,201 | -€2,698 | €5,181 | -€7,185 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1,879 | €133,406 | €119,746 | €98,972 | ▼ 17.3% |
| Fixed assets21/28 | - | €90,856 | €84,289 | €73,375 | ▼ 12.9% |
| Intangible fixed assets21 | - | €90,466 | €80,466 | €70,466 | ▼ 12.4% |
| Tangible fixed assets22/27 | - | €390 | €3,823 | €2,909 | ▼ 23.9% |
| Plant, machinery and equipment23 | - | - | €1,937 | €1,538 | ▼ 20.6% |
| Furniture and vehicles24 | - | €390 | €1,886 | €1,371 | ▼ 27.3% |
| Current assets29/58 | €1,879 | €42,550 | €35,457 | €25,597 | ▼ 27.8% |
| Stocks and contracts in progress3 | - | - | - | €1,200 | - |
| Stocks30/36 | - | - | - | €1,200 | - |
| Amounts receivable within one year40/41 | €1,850 | €20,516 | €14,396 | €4,156 | ▼ 71.1% |
| Trade receivables40 | €1,850 | €20,516 | €14,396 | €4,156 | ▼ 71.1% |
| Cash at bank and in hand54/58 | €29 | €22,034 | €21,061 | €19,001 | ▼ 9.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,240 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1,879 | €133,406 | €119,746 | €98,972 | ▼ 17.3% |
| Equity10/15 | €299 | -€2,399 | €2,782 | -€4,403 | - |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€2,201 | -€4,899 | €282 | -€6,903 | - |
| Amounts payable17/49 | €1,580 | €135,805 | €116,965 | €103,375 | ▼ 11.6% |
| Amounts payable after more than one year17 | - | €56,432 | €42,964 | €40,468 | ▼ 5.8% |
| Financial debts170/4 | - | €56,432 | €42,964 | €40,468 | ▼ 5.8% |
| Amounts payable within one year42/48 | €1,580 | €79,373 | €74,000 | €62,908 | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | - | €13,467 | €13,467 | €11,242 | ▼ 16.5% |
| Trade debts44 | €1,580 | €17,355 | €18,957 | €2,967 | ▼ 84.3% |
| Suppliers440/4 | €1,580 | €17,355 | €18,957 | €2,967 | ▼ 84.3% |
| Taxes, remuneration and social security45 | - | €18,518 | €11,543 | €18,337 | ▲ 58.9% |
| Taxes450/3 | - | €8,012 | €4,598 | €8,469 | ▲ 84.2% |
| Remuneration and social security454/9 | - | €10,506 | €6,945 | €9,868 | ▲ 42.1% |
| Other amounts payable47/48 | - | €30,033 | €30,033 | €30,361 | ▲ 1.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,201 | -€2,698 | €5,181 | -€7,185 | - |
| + Depreciation and write-downs630 | - | €9,598 | €10,381 | €10,914 | ▲ 5.1% |
| Operating cash flow (approximation) | -€2,201 | €6,900 | €15,561 | €3,730 | ▼ 76.0% |
| Investment in fixed assets (approximation) | - | - | -€3,814 | €0 | - |
| Change in cash | - | €22,005 | -€973 | -€2,060 | ▼ 112% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,555 companies had the same profile as CGMD CONCEPT has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CGMD CONCEPT itself: 4.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for CGMD CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- DELRÉE Michaël Marc Julien 40 shares (40%) · €1,000
- GUILLAUME Charlotte Florence Christine Ghislaine 60 shares (60%) · €1,500
Capital transactions
- 25-10-2022 Incorporation · €2,500 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DELRÉE Michaël Marc Julien |
|
| GUILLAUME Charlotte Florence Christine Ghislaine |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, Article dix - ADMINISTRATION”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Cession entre vifs ou transmission pour cause de mort, à peine de nullité, soumise à agrément, société comprend plusieurs actionnaires”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 25-10-2022 (in French)
Network & group
CGMD CONCEPT shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of CGMD CONCEPT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-10
Gazette deed
IncorporationStarting capital €2,500 · Appointments: DELRÉE Michaël Marc Julien (director) and GUILLAUME Charlotte Florence Christine Ghislaine (director) · Founder14 points ▸
- Incorporation, 20-10-2022
- Founder, DELRÉE Michaël Marc Julien
- Founder, GUILLAUME Charlotte Florence Christine Ghislaine
- Founding capital, €2,500
- Bank account, “compte spécial ouvert au nom de la société en formation”, 2500 (deed in French)
- Declaration, 14-10-2022
- Declaration, “conformité du dépôt, notaire soussigné” (deed in French)
- Capital
- Pre-incorporation commitments, “reprise, engagements pris au nom et pour le compte de la société en constitution endéans les deux années précédant la passation et au moins depuis le 31 août” (deed in French)
- General meeting, “assemblée générale extraordinaire, a à d” (deed in French)
- Registered office clause, “4050 Chaudfontaine,Rue Hauster 6, a” (deed in French)
- Board rule, 2, “b” (deed in French)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- L'exploitation de tous genres de débits de boissons, restaurants, friterie, snack, petite restauration, épicerie, café, salon de thé, distribution de repas, plats à emporter, traiteur, tavernes, brasseries, glacerie, cafétérias, bars, hôtellerie, etc. ;
- Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca, l'organisation de banquets et réceptions, le service traiteur, y compris l'organisation, la gestion et l'exploitation de restaurants, cafétérias, débits de boissons ;
- L'exploitation, la gestion et la location d’hôtels, chambres d'hôtes avec table d'hôtes ou sans table d'hôtes, de gîtes, de centre de loisirs, de centres de vacances, y compris l’organisation, la location, la gestion et l’exploitation de restaurants, de tables d’hôte, de salles de réception et gîtes ;
- Toutes opérations de tourisme, d'hôtellerie, de divertissements et de loisirs ;
- L'exploitation de salles pour banquets ou fêtes, le service traiteur même de façon ambulante, l’organisation de bals et tous services rentrant dans le cadre de l’hôtellerie et de la restauration en général ;
- Le commerce d'aliments et de boissons rentrant dans le cadre de l'industrie hôtelière, touristique ou alimentaire et du secteur Horeca au sens large du terme ;
- L’exploitation et la vente de jeux de hasard.
- La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine immobilier, en ce compris la vente, l’achat, la location et l’exploitation de biens immobiliers ;
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62045A0002/02A000 | Wallonia | 3,318 m² | 1 · 505 m² | 8.3 m · 2 |
| 62104C0163/00H000 | Wallonia | 420 m² | 1 · 59 m² | 11.6 m · 3 |