CGMV
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502406.
Annual accounts 2025 filed on 29-08-2026 at the NBB all 17 filings
Equity
-€33,981▼ 2.5%
2024 · -€33,157
Total assets
€13,364▲ 330%
2023 · €3,109
Net result
-€825
2024 · €26,129
Working capital
-€33,157▲ 44.3%
2023 · -€59,524
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€25
2025
20182025
Net result
-€825
2025
middle half of the sector
20182025
Equity
-€33,981
▼ 2.5%
2025
lowest quarter of the sector
20182025
Total assets
no figure
2025
20182025
Debt
€33,981
▼ 27.0%
2025
20182025
Working capital
no figure
2025
20182025
Solvency
no figure
2025
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€719-€4,472▲ 522%€4,386▼ 1.9%€72,574▲ 17×-€2,950€22,536€29,430▲ 30.6%-€25
Net result-€1,747-€940€570within the sector's middle half▼ 39.4%€68,220above the sector's middle half▲ 120×-€7,529below the sector's middle half€14,302within the sector's middle half€26,129above the sector's middle half▲ 82.7%-€825within the sector's middle half
Equity-€135,788--€134,848▲ 0.7%-€134,278below the sector's middle half▲ 0.4%-€66,058below the sector's middle half▲ 50.8%-€73,587below the sector's middle half▼ 11.4%-€59,285below the sector's middle half▲ 19.4%-€33,157below the sector's middle half▲ 44.1%-€33,981below the sector's middle half▼ 2.5%
Total assets€25,604-€13,826▼ 46.0%€17,134below the sector's middle half▲ 23.9%€17,347below the sector's middle half▲ 1.2%€8,619below the sector's middle half▼ 50.3%€3,109below the sector's middle half▼ 63.9%€13,364below the sector's middle half▲ 330%
Debt€161,392-€148,674▼ 7.9%€151,412▲ 1.8%€83,405▼ 44.9%€82,206▼ 1.4%€62,394▼ 24.1%€46,521▼ 25.4%€33,981▼ 27.0%
Working capital-€65,686--€72,678▼ 10.6%-€66,647below the sector's middle half▲ 8.3%€738within the sector's middle half€326within the sector's middle half▼ 55.8%-€59,524below the sector's middle half-€33,157below the sector's middle half▲ 44.3%
Solvency-530.3%--975.3%▼ 445.0pp-783.7%below the sector's middle half▲ 191.6pp-380.8%below the sector's middle half▲ 402.9pp-853.8%below the sector's middle half▼ 473.0pp-248.1%below the sector's middle half
Current ratio0.19-0.08▼ 0.120.13below the sector's middle half▲ 0.051.09within the sector's middle half▲ 0.951.04within the sector's middle half▼ 0.040.29below the sector's middle half
Return on assets (ROA)-6.8%-6.8%▲ 13.6pp3.3%within the sector's middle half▼ 3.5pp393.3%above the sector's middle half▲ 389.9pp-87.4%below the sector's middle half▼ 480.6pp195.5%above the sector's middle half
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €25, after a profit of €29,430 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€33,981▼
2024 · €46,521
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,074 | - | - | - |
| Depreciation and write-downs of the year | €239 | €1,378 | €358 | €239 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,997 | €1,963 | €710 | €239 | €1,378 | €358 | €239 | - | - |
| Other operating charges640/8 | - | - | - | €1,431 | €2,520 | €925 | €89 | - | - |
| Non-recurring operating charges66A | - | - | - | - | - | €240 | - | - | - |
| Gross operating margin9900 | €3,442 | €7,181 | €6,670 | €74,244 | €947 | €24,059 | €29,758 | -€25 | - |
| Operating profit (loss)9901 | €719 | €4,472 | €4,386 | €72,574 | -€2,950 | €22,536 | €29,430 | -€25 | - |
| Financial charges65/66B | - | - | - | €4,354 | €4,579 | €8,234 | €3,302 | €800 | ▼ 75.8% |
| Recurring financial charges65 | €2,466 | €3,532 | €3,816 | €4,354 | €4,579 | €8,234 | €3,302 | €800 | ▼ 75.8% |
| Profit (loss) for the period before taxes9903 | -€1,747 | €940 | €570 | €68,220 | -€7,529 | €14,302 | €26,129 | -€825 | - |
| Profit (loss) for the period9904 | -€1,747 | €940 | €570 | €68,220 | -€7,529 | €14,302 | €26,129 | -€825 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,747 | €940 | €570 | €68,220 | -€7,529 | €14,302 | €26,129 | -€825 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €25,604 | €13,826 | €17,134 | €17,347 | €8,619 | €3,109 | €13,364 | - | - |
| Formation expenses20 | €900 | €900 | €900 | €900 | - | - | - | - | - |
| Fixed assets21/28 | €8,893 | €6,930 | €6,219 | €7,054 | €837 | €239 | - | - | - |
| Tangible fixed assets22/27 | €3,154 | €1,191 | €480 | €1,315 | €837 | €239 | - | - | - |
| Land and buildings22 | - | - | - | €1,315 | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €837 | €239 | - | - | - |
| Financial fixed assets28 | €5,739 | €5,739 | €5,739 | €5,739 | - | - | - | - | - |
| Current assets29/58 | €15,811 | €5,996 | €10,015 | €9,393 | €7,782 | €2,870 | €13,364 | - | - |
| Stocks and contracts in progress3 | €5,797 | €5,996 | €5,026 | €7,274 | €6,659 | €1,588 | - | - | - |
| Stocks30/36 | - | - | - | €7,274 | €6,659 | €1,588 | - | - | - |
| Amounts receivable within one year40/41 | €8,283 | - | - | - | €876 | €957 | €13,350 | - | - |
| Trade receivables40 | - | - | - | - | €876 | - | €13,350 | - | - |
| Other amounts receivable41 | - | - | - | - | - | €957 | - | - | - |
| Current investments50/53 | - | - | - | €2,119 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,731 | - | €4,989 | - | - | €325 | €14 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €248 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €25,604 | €13,826 | €17,134 | €17,347 | €8,619 | €3,109 | €13,364 | - | - |
| Equity10/15 | -€135,788 | -€134,848 | -€134,278 | -€66,058 | -€73,587 | -€59,285 | -€33,157 | -€33,981 | ▼ 2.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€154,388 | -€153,448 | -€152,878 | -€84,658 | -€92,187 | -€77,885 | -€51,757 | -€52,581 | ▼ 1.6% |
| Amounts payable17/49 | €161,392 | €148,674 | €151,412 | €83,405 | €82,206 | €62,394 | €46,521 | €33,981 | ▼ 27.0% |
| Amounts payable after more than one year17 | €70,000 | €70,000 | €74,750 | €74,750 | €74,750 | - | - | - | - |
| Financial debts170/4 | - | - | - | €74,750 | €74,750 | - | - | - | - |
| Amounts payable within one year42/48 | €81,497 | €78,674 | €76,662 | €8,655 | €7,456 | €62,394 | €46,521 | €33,981 | ▼ 27.0% |
| Financial debts43 | - | - | - | - | €462 | €22,205 | €4,900 | €5,691 | ▲ 16.1% |
| Credit institutions430/8 | - | - | - | - | €462 | €22,205 | €4,900 | €5,691 | ▲ 16.1% |
| Trade debts44 | €53,985 | €58,054 | €58,186 | €690 | €760 | - | €30 | €60 | ▲ 98.4% |
| Suppliers440/4 | - | - | - | €690 | €760 | - | €30 | €60 | ▲ 98.4% |
| Taxes, remuneration and social security45 | - | - | - | €7,965 | €5,109 | - | €831 | €36 | ▼ 95.7% |
| Taxes450/3 | - | - | - | €7,965 | €5,109 | - | €831 | €36 | ▼ 95.7% |
| Other amounts payable47/48 | - | - | - | - | €1,126 | €40,189 | €40,760 | €28,194 | ▼ 30.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,747 | €940 | €570 | €68,220 | -€7,529 | €14,302 | €26,129 | -€825 | - |
| + Depreciation and write-downs630 | €1,997 | €1,963 | €710 | €239 | €1,378 | €358 | €239 | - | - |
| Operating cash flow (approximation) | €250 | €2,903 | €1,280 | €68,459 | -€6,151 | €14,660 | €26,367 | -€825 | - |
| Investment in fixed assets (approximation) | - | €0 | €1 | -€1,074 | €4,839 | €240 | - | - | - |
| Change in cash | - | - | - | - | - | - | -€311 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00502406 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00469427 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00450218 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00442201 | |
| 31-12-2021 | micro format | 07-08-2022 | 2022-20274340 | |
| 31-12-2020 | micro format | 11-06-2021 | 2021-19800099 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21600543 | |
| 31-12-2018 | micro format | 27-05-2019 | 2019-14400588 | |
| 31-12-2017 | micro format | 14-06-2018 | 2018-19300169 | |
| 31-12-2016 | micro format | 01-06-2017 | 2017-14300497 |