CGS Construct
Annual accounts 2025
micro format, filed on 22-07-2026, 9 days before the deadline€42,178
▲ 16.3%
€40,023
▲ 17.2%
€8,983
▲ 28.8%
€54,763
▲ 41.0%
19.0%
▲ 13.3 percentage points
1.23
▲ 0.18
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €170,000 and €420,000.
Balance sheet
balance sheet total €299,440 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
19.0%
Higher than 21% of 35,136 companies in 2025.
1.23
Higher than 30% of 34,510 companies in 2025.
3.0%
Higher than 36% of 34,711 companies in 2025.
CGS Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Blue and white collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
299,440 | 842,878 | 425,232 | 311,011 | 316,137 | 449,982 | 230,441 | 260,652 | 119,735 | 59,211 | 55,128 | |
21/28 |
9,073 | 9,073 | 7,250 | 10,119 | 12,893 | 19,737 | 17,575 | 23,995 | 11,509 | 14,756 | 3,197 | |
22/27 |
4,300 | 4,300 | 2,877 | 5,746 | 11,886 | 18,730 | 17,054 | 23,474 | 10,988 | 14,598 | 3,039 | |
23 |
762 | 762 | 762 | 1,276 | 2,257 | 3,875 | 3,623 | 4,198 | 971 | 978 | 937 | |
24 |
1,422 | 1,422 | - | 108 | 214 | 390 | 1,242 | 1,555 | 265 | 618 | 2,102 | |
25 |
2,116 | 2,116 | 2,115 | 4,231 | 9,153 | - | - | - | - | - | - | |
26 |
- | - | - | 131 | 262 | 392 | 523 | - | - | - | - | |
28 |
4,773 | 4,773 | 4,373 | 4,373 | 1,007 | 1,007 | 521 | 521 | 521 | 158 | 158 | |
29/58 |
290,367 | 833,805 | 417,982 | 300,892 | 303,244 | 430,245 | 212,866 | 236,657 | 108,226 | 44,455 | 51,931 | |
3 |
28,570 | 20,750 | 9,245 | 9,245 | 25,547 | 15,589 | 23,688 | 28,154 | 8,612 | - | - | |
30/36 |
28,570 | 20,750 | 9,245 | 9,245 | 25,547 | 15,589 | 23,688 | 28,154 | 8,612 | - | - | |
40/41 |
248,438 | 812,990 | 401,403 | 289,152 | 249,561 | 396,898 | 185,901 | 206,063 | 94,978 | 41,432 | 51,477 | |
40 |
230,783 | 812,990 | 401,403 | 289,152 | 249,561 | 371,548 | 168,106 | 176,245 | 80,238 | 36,287 | 42,460 | |
41 |
17,655 | - | - | - | - | 25,350 | 17,795 | 29,818 | 14,740 | 5,145 | 9,017 | |
50/53 |
- | - | - | - | - | - | - | 740 | - | - | - | |
54/58 |
13,359 | 65 | 7,334 | 2,495 | 28,136 | 17,758 | 1,089 | - | 4,191 | 3,023 | 454 | |
490/1 |
- | - | - | - | - | - | 2,188 | 1,700 | 445 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
299,440 | 842,878 | 425,232 | 311,011 | 316,137 | 449,982 | 230,441 | 260,652 | 119,735 | 59,211 | 55,128 | |
10/15 |
56,904 | 47,921 | 40,946 | 26,165 | 23,814 | 29,097 | 18,470 | 16,673 | 13,995 | 13,018 | 11,967 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 12,270 | 12,270 | 10,473 | 7,795 | 6,818 | 5,767 | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
1,860 | - | - | - | - | 10,410 | 10,410 | 8,613 | 5,935 | 4,958 | 3,907 | |
14 |
48,844 | 39,861 | 32,886 | 18,105 | 15,754 | 10,627 | - | - | - | - | - | |
17/49 |
242,536 | 794,957 | 384,286 | 284,846 | 292,323 | 420,885 | 211,971 | 243,979 | 105,740 | 46,193 | 43,161 | |
17 |
6,931 | - | - | 7,020 | 7,020 | 7,020 | 7,020 | 12,460 | 6,668 | 9,164 | - | |
170/4 |
6,931 | - | - | 7,020 | 7,020 | 7,020 | 7,020 | 12,460 | 6,668 | 9,164 | - | |
42/48 |
235,604 | 794,957 | 384,286 | 277,826 | 285,303 | 413,865 | 204,951 | 231,519 | 99,072 | 37,029 | 42,761 | |
42 |
19,883 | - | - | 2,950 | 5,440 | 5,440 | 6,440 | 5,315 | 2,495 | 2,429 | - | |
43 |
- | 47,071 | - | - | - | - | - | 50,000 | 25,000 | - | - | |
430/8 |
- | 47,071 | - | - | - | - | - | 50,000 | 25,000 | - | - | |
44 |
199,565 | 716,190 | 350,789 | 239,109 | 217,693 | 345,591 | 174,260 | 154,163 | 44,958 | 21,553 | 31,665 | |
440/4 |
199,565 | 716,190 | 350,789 | 239,109 | 217,693 | 345,591 | 174,260 | 154,163 | 44,958 | 21,553 | 31,665 | |
45 |
9,321 | 30,578 | 21,622 | 21,665 | 60,898 | 58,305 | 18,892 | 9,655 | 9,580 | 13,047 | 11,096 | |
450/3 |
9,321 | 18,265 | 21,622 | 21,665 | 60,898 | 5,593 | 1,583 | 2,190 | 2,624 | 685 | 5,728 | |
454/9 |
- | 12,313 | - | - | - | 52,712 | 17,309 | 7,465 | 6,956 | 12,362 | 5,368 | |
47/48 |
6,835 | 1,118 | 11,875 | 14,102 | 1,272 | 4,529 | 5,359 | 12,386 | 17,039 | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 400 | |
| Income statement | ||||||||||||
9900 |
42,178 | 36,267 | 22,102 | 21,978 | 1,561 | 196,546 | 113,944 | 73,941 | 51,334 | 14,498 | 11,805 | |
62 |
65 | - | - | 2,564 | - | 77,853 | 95,858 | 56,845 | 38,137 | 6,846 | - | |
630 |
- | 285 | 2,869 | 6,666 | 6,844 | 10,802 | 8,551 | 8,078 | 4,312 | 4,171 | 1,285 | |
640/8 |
2,090 | 1,835 | 2,409 | 3,791 | - | 5,004 | 2,357 | 2,327 | 2,039 | 1,921 | 1,081 | |
66A |
- | - | - | - | - | 45,008 | - | - | - | - | 929 | |
9901 |
40,023 | 34,147 | 16,824 | 8,957 | -5,283 | 57,879 | 7,178 | 6,691 | 6,846 | 1,560 | 9,439 | |
75/76B |
- | - | 642 | 197 | - | 3,162 | 902 | 849 | 677 | 914 | 139 | |
75 |
- | - | 642 | 197 | - | 354 | 902 | 849 | 677 | 381 | 139 | |
76B |
- | - | - | - | - | 2,808 | - | - | - | 533 | - | |
65/66B |
21,718 | 18,215 | 2,143 | 1,087 | - | 48,644 | 5,292 | 3,653 | 5,572 | 708 | 871 | |
65 |
21,718 | 18,215 | 2,143 | 1,087 | - | 48,644 | 5,292 | 3,653 | 5,572 | 708 | 871 | |
9903 |
18,305 | 15,932 | 15,323 | 8,067 | -5,283 | 12,397 | 2,788 | 3,887 | 1,951 | 1,766 | 7,778 | |
67/77 |
9,321 | 8,957 | 6,208 | 5,716 | - | 1,770 | 991 | 1,209 | 974 | 715 | 2,011 | |
9904 |
8,983 | 6,975 | 9,115 | 2,351 | -5,283 | 10,627 | 1,797 | 2,678 | 977 | 1,051 | 5,767 | |
9905 |
8,983 | 6,975 | 9,115 | 2,351 | -5,283 | 10,627 | 1,797 | 2,678 | 977 | 1,051 | 5,767 | |
| Appropriation of the result | ||||||||||||
9906 |
48,844 | 39,861 | 32,886 | 18,105 | 15,754 | 10,627 | 1,797 | 2,678 | 977 | 1,051 | 5,767 | |
14P |
39,861 | 32,886 | 23,771 | 15,754 | 21,037 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,797 | 2,678 | 977 | 1,051 | 5,767 | |
6921 |
- | - | - | - | - | - | 1,797 | 2,678 | 977 | 1,051 | 5,767 | |
| Social balance sheet | ||||||||||||
9087 |
- | - | - | - | - | - | 2 | 1.3 | - | 0.3 | - | |
Hours worked1013 |
- | - | - | - | - | - | 3,349 | 2,139 | - | 424 | - | |
| Document | ||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00316092 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00366774 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00428367 | |
| 31-12-2022 | micro format | 06-11-2023 | 2023-00510243 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20465926 | |
| 31-12-2020 | micro format | 27-12-2021 | 2021-82000016 | |
| 31-12-2019 | micro format | 04-11-2020 | 2020-68800312 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-40300161 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-35100286 | |
| 31-12-2016 | micro format | 13-07-2017 | 2017-31100116 | |
| 31-12-2015 | full format | 11-07-2016 | 2016-30100486 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | 34,432 | 19,693 | 15,623 | 1,561 | 68,681 | 15,729 | 14,769 | 11,158 | 5,731 | 10,724 | ||
| - | 7,260 | 11,984 | 9,017 | 1,561 | 21,429 | 10,348 | 10,756 | 5,289 | 5,222 | 7,052 | ||
| - | 2,108 | 0 | 3,892 | 0 | 1,806 | 2,131 | 20,564 | 1,065 | 16,597 | 4,482 | ||
| 13,294 | -7,269 | 4,839 | -25,641 | 10,378 | 16,669 | - | - | 1,168 | 2,569 | - | ||
| 54,763 | 38,848 | 33,696 | 23,066 | 17,941 | 16,380 | 7,915 | 5,138 | 9,154 | 7,426 | 9,170 | ||
| 19.0% | 5.7% | 9.6% | 8.4% | 7.5% | 6.5% | 8.0% | 6.4% | 11.7% | 22.0% | 21.7% | ||
| 1.23 | 1.05 | 1.09 | 1.08 | 1.06 | 1.04 | 1.04 | 1.02 | 1.09 | 1.20 | 1.21 | ||
| 1.11 | 1.02 | 1.06 | 1.05 | 0.97 | 1.00 | 0.92 | 0.90 | 1.01 | 1.20 | 1.21 | ||
| 4.26 | 16.59 | 9.39 | 10.89 | 12.28 | 14.46 | 11.48 | 14.63 | 7.56 | 3.55 | 3.61 | ||
| 15.8% | 14.6% | 22.3% | 9.0% | -22.2% | 36.5% | 9.7% | 16.1% | 7.0% | 8.1% | 48.2% | ||
| 3.0% | 0.8% | 2.1% | 0.8% | -1.7% | 2.4% | 0.8% | 1.0% | 0.8% | 1.8% | 10.5% | ||
| - | 1.89 | 9.19 | 14.37 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,708 | - | €526 | - |
| Financial fixed assets | - | €400 | - | €3,366 | - |
| - | €285 | €2,869 | €6,666 | €6,844 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CGS Construct
The operating result for 2025 is 17% higher than in 2024 and the highest since 2020. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 94.3% to 81.0%. Equity is higher and debt is lower.