Turnover
≈ €250,000 estimated
The micro format states no turnover.
CGS Construct
Lifetime
11 annual accounts with figures on one time axispeak €196,546 (2020)
€42,178▲ 16.3%
lowest -€5,283 (2021)
€8,983▲ 28.8%
peak €56,904 (2025)
€56,904▲ 18.7%
€242,536▼ 69.5%
peak 2 FTE (2019)
-not published
Board1 name since 2014
1 directorGONÇALVES SEQUEIRA Carlos
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €36,267 to €42,178Result from €6,975 to €8,983Equity from €47,921 to €56,904Debts from €794,957 to €242,536Cash from €65 to €13,359
Key points
from the 2025 annual accountsChecked score
80
Excellent
Financially stronger than 29% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.3%▲ +0.1 percentage points vs 03-2025
05-2025: 3.0%▲ +0.7 percentage points vs 04-2025
06-2025: 2.7%▼ -0.3 percentage points vs 05-2025
07-2025: 2.8%▲ +0.1 percentage points vs 06-2025
08-2025: 3.5%▲ +0.7 percentage points vs 07-2025
09-2025: 3.3%▼ -0.2 percentage points vs 08-2025
10-2025: 3.3%● unchanged vs 09-2025
11-2025: 3.3%● unchanged vs 10-2025
12-2025: 3.3%● unchanged vs 11-2025
01-2026: 3.3%● unchanged vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.3%● unchanged vs 02-2026
04-2026: 3.5%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 2.0%▼ -1.5 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 1.9%▼ -0.1 percentage points vs 06-2026
08-2026: 0.6%▼ -1.3 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.5%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €56,904 (19.0% of total assets)
lowers risk
Founded in 2014
Size: total assets €299,440
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 43, micro). It does better than 21% of them on solvency, 7% on liquidity, 22% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as CGS Construct has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CGS Construct itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,508 companies, not a prediction for CGS Construct. 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
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.05 in 2024), below the usual 1.5. Short-term debt is 78.7% and cash 4.5% of total assets. 81% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
8 days late
2023
28 days late
2022
98 days late
2021
78 days late
2020
149 days late
2019
96 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 64 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0507756891
Registered office moved from Jette to Forest
New registered office: chaussée de Bruxelles 144, 1190 Forest · Previous registered office: Rue du Pannenhuis, 9 à 1090 Jette · Change of role: GONÇALVES SEQUEIRA Carlos, from manager to director · General meeting of 12-04-2024 · Gazette deed
Registered office moved from Woluwe-Saint-Pierre to Jette
New registered office: Rue du Pannenhuis, 9 à 1090 Jette · Previous registered office: Avenue de la faisanderie, 90 bte G1 à 1150 Woluwé-Saint-Pierre · General meeting of 21-09-2018 · Gazette deed
First establishment
Fazantenparklaan 90, Woluwe-Saint-Pierre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CGS Construct Forest | €299,440 | €42,178 | 19.0% | - |
| Edy Tielt | €260,074 | €46,608 | 7.2% | - |
| BEZETTINGSWERKEN VAN GORP Merksplas | €289,239 | €52,745 | 52.2% | - |
| QUIEROZ CONSTRUCT Ixelles | €301,724 | €40,711 | 52.6% | - |
| Liber Construct Anderlecht | €242,203 | €38,745 | 84.5% | - |
| Pleisterwerken Dhondt Joachim Deinze | €312,593 | €34,880 | 40.3% | - |
| MY CONSTRUCT. Colfontaine | €313,363 | €45,353 | 37.6% | - |
These companies have the same main activity as CGS Construct: plastering work (NACE 43310). They are comparable in size and age: total assets between €242,000 and €313,000, founded between 2012 and 2017.
Official details
Source: KBO- Status
- Active since 24-12-2014Normal situation
- Activity
- Plastering workNACE 43310and 6 others
- Establishment unit
- 2.237.995.6781150 Woluwe-Saint-Pierre, since 04-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 26-09-2025
Annual accounts 2025
- €299,440▼ 64.5%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on CGS Construct
CGS Construct files the micro format. That format states no turnover. The gross margin rose from €11,805 in 2015 to €42,178 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 Construct
- What is the company number of CGS Construct?
- The company number of CGS Construct is 0507.756.891. The VAT number is the same number with BE in front: BE 0507.756.891.
- Where is CGS Construct based?
- The registered office is at Brusselse Steenweg 144, 1190 Forest.Company details
- What does CGS Construct do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of CGS Construct?
- CGS Construct is a private limited company (BV).
- When was CGS Construct founded?
- CGS Construct was founded on 24-12-2014.
- Is CGS Construct still active?
- Yes, CGS Construct is an active enterprise in the KBO register.
- How many employees does CGS Construct have?
- CGS Construct had an average of 2 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of CGS Construct?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €42,178 and 88 comparable companies (NACE 433). It probably lies between €170,000 and €420,000.
- Is CGS Construct profitable?
- In financial year 2025, CGS Construct made a profit of €8,983.
- Where can I find the annual accounts of CGS Construct?
- CGS Construct filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CGS Construct due?
- CGS Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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