Equity
€32,503 from €66,384 in 2023
Equity fell by 51% in 2 years.
CGS
Lifetime
10 annual accounts with figures on one time axispeak €57,229 (2021)
€22,232▲ €28,076
lowest -€28,212 (2024)
-€5,669▲ €22,543
peak €66,384 (2023)
€32,503▼ 14.9%
€95,876▲ 66.2%
peak 0.1 FTE (2016)
-not published
Board3 names since 2015
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€5,843 to €22,232Loss of €5,669Equity from €38,172 to €32,503Debts from €57,681 to €95,876Investments €48,067
Key points
from the 2025 annual accountsLosses
-€33,880 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€95,876 75% of the balance sheet
Financial debts 22%Suppliers 26%Taxes and wages 1%Other 51%
Of this, €74,658 falls due within a year.
Investments
€48,067 2.5 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.81 was 1.35 in 2024
Short-term debts rose from €42,110 to €74,658.
Filings
10 annual accounts 7 late
The 2016 accounts came latest: 210 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,167 companies had the same profile as CGS has now. Each dot stands for 6 companies, two years later.
94.0%
were still trading
3.1%
stopped another way
2.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,167 companies, not a prediction for CGS. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0644783744
Reappointment: (sole director)
Resignation: (director) · Director discharge: · General meeting of 18-12-2023 · Gazette deed
Appointment: (manager)
General meeting of 01-03-2016 · Gazette deed
Incorporation
Founders: and · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: (manager) · published on 24-12-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CGS Waterloo | €128,380 | €22,232 | 25.3% | - |
| Huang Fa Brasschaat | €140,418 | €21,239 | -16.4% | - |
| SAPORI D'ITALIA Namur | €128,592 | €25,919 | 75.5% | - |
| ALI BABA Lier | €138,258 | €25,410 | 70.4% | - |
| Viva Berlare | €134,013 | €25,364 | 45.3% | - |
| Frituur Inakker Genk | €144,427 | €21,145 | 41.0% | - |
| MASAKO Evere | €117,377 | €21,530 | 83.6% | - |
These companies have the same main activity as CGS: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €117,000 and €144,000, founded between 2014 and 2017.
Official details
Source: KBO- Status
- Active since 22-12-2015Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Establishment unit
- 2.265.741.1431410 Waterloo, since 22-12-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Insights on CGS
CGS files the micro format. That format states no turnover. The gross margin rose from €207 in 2016 to €22,232 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CGS
- What is the company number of CGS?
- The company number of CGS is 0644.783.744. The VAT number is the same number with BE in front: BE 0644.783.744.
- Where is CGS based?
- The registered office is at Chaussée de Bruxelles 70, 1410 Waterloo.Company details
- What does CGS do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of CGS?
- CGS is a private limited company (BV).
- When was CGS founded?
- CGS was founded on 22-12-2015.
- Is CGS still active?
- Yes, CGS is an active enterprise in the KBO register.
- How many employees does CGS have?
- CGS had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CGS?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €22,232 and 133 comparable companies (NACE 56112). It probably lies between €160,000 and €420,000. It is a rough estimate.
- Is CGS profitable?
- In financial year 2025, CGS made a loss of €5,669.
- Where can I find the annual accounts of CGS?
- CGS filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CGS due?
- CGS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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