CGS Concept
ActiveThe computed 12-month bankruptcy probability of CGS Concept is 3.4% (moderate). For CGS Concept, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €4k and a net result of €28k. Its solvency ranks better than 19% of 9007 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+100
Solvency35▲+35
Growth85
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
9.9%
Return on assets
72.4%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline20-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-02-2025, 208 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
208 d late
2022
539 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€61k▲ 20.7%
2022 · €51k
2022: €51k
2022 → 2023
EBIT margin
46.0%▲ 68.6pp
2022 · -22.6%
2022: -22.6%
2022 → 2023
Net result
€28k
2022 · €-12k
2022: €-12k
2022 → 2023
Working capital
€-85▲ 99.7%
2022 · €-30k
2022: €-30k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Turnover€51k-€61k▲ 20.7%
Equity€-24k-€4k
Operating result€-11k-€28k
Net result€-12k-€28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €28k after a loss of €11k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €38k
Fixed assets
€3k▼ 31.1%
Current assets
€35k▼ 10.3%
Equity and liabilities €39k
Equity
€4k
Debt
€35k
Debt finances 90.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€30k▲
2022 · €-10k
Cash flow
€30k▲
2022 · €-10k
Solvency
9.9%▲
2022 · -54.3%
Current ratio
1.00▲
2022 · 0.56
Quick ratio
1.00▲
2022 · 0.56
Debt / equity
9.15▲
2022 · -2.84
ROE
734.2%
ROA
72.4%▲
2022 · -26.6%
Interest coverage
142.60▲
2022 · -25.87
Debt
€35k▼
2022 · €69k
Debt ≤ 1 year
€35k▼
2022 · €69k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€44k€39k▼
Formation expenses20€987€629▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€39k€35k▼
Amounts receivable within one year40/41€34k€32k▼
Trade receivables40€16k€32k▲
Other amounts receivable41€19k€16▼
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€44k€39k▼
Equity10/15€-24k€4k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-27k€810▲
Amounts payable17/49€69k€35k▼
Amounts payable within one year42/48€69k€35k▼
Trade debts44€69k€24k▼
Suppliers440/4€69k€24k▼
Other amounts payable47/48-€11k
Income statement
Code20222023
Turnover70€51k€61k▲
Goods, raw materials, services and sundry goods60/61€58k€15k▼
Remuneration, social security and pensions62€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€185€16k▲
Gross operating margin9900€-7k€46k▲
Operating profit (loss)9901€-11k€28k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€372€211▼
Recurring financial charges65€372€211▼
Profit (loss) for the period before taxes9903€-12k€28k▲
Profit (loss) for the period9904€-12k€28k▲
Profit (loss) for the period to be appropriated9905€-12k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€810▲
Profit (loss) brought forward from the previous period14P€-15k€-27k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 208 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 539 days late
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waterloo · 1 establishment unit since 2020
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.
Chaussée Bara 2131410 WaterlooGround area
198 m²
Building footprint
275 m²
Volume, LiDAR
1,291 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CGS Concept
since 20202.310.159.324
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110C0340/00_000 | Wallonia | 108 m² | 1 · 126 m² | 8.5 m · 2 fl. |
| 25049A0021/00K000 | Wallonia | 91 m² | 1 · 149 m² | 4.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Matbouw
BE 0785.474.920
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MJ HOME
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D&L CONSTRUCTION
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 5,424 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43341Painting of buildings
43410Roofing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.