CGS GROUP
The computed 12-month bankruptcy probability of CGS GROUP is 3.2% (average). The 2024 annual accounts show negative equity (€-82k) and a net result of €7k. Its solvency ranks better than 6% of 2271 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-82k |
| Net result | €7k |
| Staff (FTE) | 6.3 |
| Better than sector | 6% |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -19.6% | 39.5% | |
| Net result | €7k | €11k | |
| Equity | €-82k | €32k | |
| Gross operating margin | €510k | €33k | |
| Staff costs | €435k | €25k |
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €59k |
| Net profit | €7k |
| Cash flow | €47k |
| Staff costs | €435k |
| Income taxes | €28 |
| Dividends | — |
| Total assets | €421k |
| Equity | €-82k |
| Debt | €503k |
| of which ≤ 1y | €421k |
| of which > 1y | €83k |
| Working capital | €-89k |
| Employees (FTE) | 6.3 |
| 2024 | |
|---|---|
| Current ratio | 0.79 |
| Quick ratio | 0.64 |
| Working capital ratio | -21.2% |
| Solvency | -19.6% |
| Debt / equity | -6.11 |
| Long-term debt ratio | -1.00 |
| Interest coverage | 4.53 |
| Gross margin | — |
| Net margin | — |
| ROA | 1.7% |
| ROE | -8.7% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €421k |
| Fixed assets | 21/28 | €90k |
| Tangible fixed assets | 22/27 | €88k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €331k |
| Stocks & contracts in progress | 3 | €62k |
| Amounts receivable within one year | 40/41 | €258k |
| Cash & bank | 54/58 | €5k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €421k |
| Equity | 10/15 | €-82k |
| Contributions / capital | 10/11 | €8k |
| Accumulated profits (losses) | 14 | €-90k |
| Amounts payable | 17/49 | €503k |
| Amounts payable after one year | 17 | €83k |
| Amounts payable within one year | 42/48 | €421k |
| Trade debts payable within one year | 44 | €268k |
| Income statement | ||
| Gross operating margin | 9900 | €510k |
| Operating result | 9901 | €19k |
| Financial income | 75 | €980 |
| Financial charges | 65 | €13k |
| Result before taxes | 9903 | €7k |
| Income taxes | 67/77 | €28 |
| Net result for the period | 9904 | €7k |
| Result to be appropriated | 9905 | €7k |
Former directors (1)
-
Former— → 21-10-2022
| NACE primary | Specialised construction(43310) |
| Legal form | Private limited company(610) |
| Incorporation | 31-03-2022 |
| Status | Active |
| Postal code | 8370 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0741/00M036 | Flanders | 88 m² | 1 · 88 m² | 31.6 m · 10 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
16-10-2025 Registered office moved within Blankenberge
- Zeedijk 68, 8370 Blankenberge → Willem Vanheckehelling 2, 8370 Blankenberge
Technical details
{
"events": [
{
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"seat_type": "statutaire",
"new_address": {
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"region": null,
"street": "Willem Vanheckehelling",
"country": "BE",
"postcode": "8370",
"box_number": null,
"street_number": "2"
},
"old_address": {
"city": "Blankenberge",
"region": null,
"street": "Zeedijk",
"country": "BE",
"postcode": "8370",
"box_number": "GV",
"street_number": "68"
},
"effective_date": "2025-09-10",
"evidence_quote": "De bestuurders, met name (i) de besloten vennootschap M\u0026G Management met als vaste vertegenwoordiger de heer Gunther Lefebure en (ii) de besloten vennootschap M.A.S.E. met als vaste vertegenwoordiger de heer Stijn Goosens, hebben beslist om de zetel van de vennootschap met onmiddellijke ingang te verplaatsen van Zeedijk 68 GV, 8370 Blankenberge naar Willem Vanheckehelling 2, 8370 Blankenberge"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0784.255.193",
"name_full": "CGS GROUP",
"legal_form": "BV"
}
}16-10-2025 Registered office moved within Blankenberge
- Zeedijk 68 GV - 8370 Blankenberge → Willem Vanheckehelling 2, 8370 Blankenberge
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Willem Vanheckehelling 2, 8370 Blankenberge",
"city": "Blankenberge",
"region": "vlaams_gewest",
"street": "Willem Vanheckehelling",
"country": "BE",
"postcode": "8370",
"box_number": null,
"street_number": "2",
"locality_suffix": null
},
"old_address": {
"raw": "Zeedijk 68 GV - 8370 Blankenberge",
"city": "Blankenberge",
"region": "vlaams_gewest",
"street": "Zeedijk",
"country": "BE",
"postcode": "8370",
"box_number": "GV",
"street_number": "68",
"locality_suffix": null
},
"effective_date": "2025-10-08",
"evidence_quote": "De bestuurders, met name (i) de besloten vennootschap M\u0026G Management met als vaste vertegenwoordiger de heer Gunther Lefebure en (ii) de besloten vennootschap M.A.S.E. met als vaste vertegenwoordiger de heer Stijn Goosens, hebben beslist om de zetel van de vennootschap met onmiddellijke ingang te ve",
"region_changed": false,
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"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
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"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-10-16",
"filing_date": "2025-10-08",
"act_kind_objet": "ZETELWIJZIGING"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2025-09-10",
"unanimous": null
},
"subject_company": {
"kbo": "0784.255.193",
"name_full": "CGS GROUP",
"legal_form": "BESLOTEN VENNOOTSCHAP",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0420.048.305",
"org_name": "A. SCHETS \u0026 PARTNERS BELASTINGCONSULENTEN - ACCOUNTANTS",
"person_name": null,
"org_rep_person_name": "Stijn Splingaer",
"person_role_at_subject": null
},
"co_filed_documents": []
}19-05-2025 Registered office moved from Aalst to Blankenberge
- Groeneweg 17 - 9320 Aalst → Zeedijk 68 GV, 8370 Blankenberge
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "Zeedijk 68 GV, 8370 Blankenberge",
"city": "Blankenberge",
"region": "vlaams_gewest",
"street": "Zeedijk",
"country": "BE",
"postcode": "8370",
"box_number": "GV",
"street_number": "68",
"locality_suffix": null
},
"old_address": {
"raw": "Groeneweg 17 - 9320 Aalst",
"city": "Aalst",
"region": "vlaams_gewest",
"street": "Groeneweg",
"country": "BE",
"postcode": "9320",
"box_number": null,
"street_number": "17",
"locality_suffix": null
},
"effective_date": "2025-05-08",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
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"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "beide",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
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}
],
"notary": {
"name": null,
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},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2025-05-08",
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"decision": {
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"date": "2025-03-31",
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"subject_company": {
"kbo": "0784.255.193",
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"org_name": "A. SCHETS \u0026 PARTNERS - BELASTINGCONSULENTEN - ACCOUNTANTS",
"person_name": null,
"org_rep_person_name": "Stijn Splingaer",
"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}19-05-2025 Registered office moved from Aalst to Blankenberge
- Groeneweg 17, 9320 Aalst → Zeedijk 68, 8370 Blankenberge
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Blankenberge",
"region": null,
"street": "Zeedijk",
"country": "BE",
"postcode": "8370",
"box_number": "GV",
"street_number": "68"
},
"old_address": {
"city": "Aalst",
"region": null,
"street": "Groeneweg",
"country": "BE",
"postcode": "9320",
"box_number": null,
"street_number": "17"
},
"effective_date": "2025-03-31",
"evidence_quote": "De bestuurders, met name (i) de besloten vennootschap M\u0026G Management met als vaste vertegenwoordiger de heer Gunther Lefebure en (ii) de besloten vennootschap M.A.S.E. met als vaste vertegenwoordiger de heer Stijn Goosens, hebben beslist om de zetel van de vennootschap met onmiddellijke ingang te verplaatsen van Groeneweg 17, 9320 Aalst naar Zeedijk 68 GV, 8370 Blankenberge"
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0784.255.193",
"name_full": "CGS GROUP",
"legal_form": "BV"
}
}26-02-2025 Registered office moved from Oudenaken to Aalst
- Baasbergstraat 7, 1600 Oudenaken → Groeneweg 17, 9320 Aalst
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Aalst",
"region": null,
"street": "Groeneweg",
"country": "BE",
"postcode": "9320",
"box_number": null,
"street_number": "17"
},
"old_address": {
"city": "Oudenaken",
"region": null,
"street": "Baasbergstraat",
"country": "BE",
"postcode": "1600",
"box_number": null,
"street_number": "7"
},
"effective_date": "2025-01-14",
"evidence_quote": "De bestuurders, met name (i) de besloten vennootschap M\u0026G Management met als vaste vertegenwoordiger de heer Gunther Lefebure en (ii) de besloten vennootschap M.A.S.E. met als vaste vertegenwoordiger de heer Stijn Goosens, hebben beslist om de zetel van de vennootschap met onmiddellijke ingang te verplaatsen van Baasbergstraat 7, 1600 Oudenaken naar Groeneweg 17, 9320 Aalst"
}
],
"schema": "v3.2",
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},
"subject_company": {
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"name_full": "CGS GROUP",
"legal_form": "BV"
}
}26-02-2025 Registered office moved from Oudenaken to Aalst
- Baasbergstraat 7, 1600 Oudenaken → Groeneweg 17, 9320 Aalst
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "Groeneweg 17, 9320 Aalst",
"city": "Aalst",
"region": "vlaams_gewest",
"street": "Groeneweg",
"country": "BE",
"postcode": "9320",
"box_number": null,
"street_number": "17",
"locality_suffix": null
},
"old_address": {
"raw": "Baasbergstraat 7, 1600 Oudenaken",
"city": "Oudenaken",
"region": "vlaams_gewest",
"street": "Baasbergstraat",
"country": "BE",
"postcode": "1600",
"box_number": null,
"street_number": "7",
"locality_suffix": null
},
"effective_date": "2025-02-19",
"evidence_quote": "De bestuurders, met name (i) de besloten vennootschap M\u0026G Management met als vaste vertegenwoordiger de heer Gunther Lefebure en (ii) de besloten vennootschap M.A.S.E. met als vaste vertegenwoordiger de heer Stijn Goosens, hebben beslist om de zetel van de vennootschap met onmiddellijke ingang te ve",
"region_changed": false,
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"effective_date_qualifier": "immediate",
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Brussel",
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},
"act_meta": {
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"pub_date": null,
"filing_date": "2025-02-19",
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},
"decision": {
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"date": "2025-01-14",
"unanimous": null
},
"subject_company": {
"kbo": "0784.255.193",
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"legal_form": "BESLOTEN VENNOOTSCHAP"
},
"publication_proxy": {
"kind": "org",
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"org_name": "A. SCHETS \u0026 PARTNERS BELASTINGCONSULENTEN - ACCOUNTANTS",
"person_name": null,
"org_rep_person_name": "Stijn Splingaer",
"person_role_at_subject": null
},
"co_filed_documents": [
"Annexes du Moniteur belge"
]
}25-04-2023 Registered office moved from Lennik to Oudenaken
- Frans Luckxstraat 61, 1750 Lennik → Baasbergstraat 7, 1600 Oudenaken
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Oudenaken",
"region": null,
"street": "Baasbergstraat",
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"postcode": "1600",
"box_number": null,
"street_number": "7"
},
"old_address": {
"city": "Lennik",
"region": null,
"street": "Frans Luckxstraat",
"country": "BE",
"postcode": "1750",
"box_number": null,
"street_number": "61"
},
"effective_date": "2023-04-06",
"evidence_quote": "De bestuurders, met name (i) de besloten vennootschap M\u0026G Management met als vaste vertegenwoordiger de heer Gunther Lefebure en (ii) de besloten vennootschap M.A.S.E. met als vaste vertegenwoordiger de heer Stijn Goosens, hebben beslist op 06/04/2023 om de zetel van de vennootschap met onmiddellijke ingang te verplaatsen van Frans Luckxstraat 61, 1750 Lennik naar Baasbergstraat 7, 1600 Oudenaken"
}
],
"schema": "v3.2",
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"subject_company": {
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"legal_form": "BV"
}
}25-04-2023 Registered office moved from Lennik to Oudenaken
- FRANS LUCKXSTRAAT 61 - 1750 LENNIK → Baasbergstraat 7, 1600 Oudenaken
Technical details
{
"events": [
{
"kind": "zetel_transfer",
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"country": "BE",
"postcode": "1600",
"box_number": null,
"street_number": "7",
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},
"old_address": {
"raw": "FRANS LUCKXSTRAAT 61 - 1750 LENNIK",
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"street": "FRANS LUCKXSTRAAT",
"country": "BE",
"postcode": "1750",
"box_number": null,
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},
"effective_date": "2023-04-06",
"evidence_quote": "",
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"effective_date_qualifier": "immediate",
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],
"notary": {
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},
"act_meta": {
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"act_kind_objet": "Onderwerp akte:"
},
"decision": {
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"subject_company": {
"kbo": "0784.255.193",
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"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "org",
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"org_name": "A. SCHETS \u0026 PARTNERS - BELASTINGCONSULENTEN - ACCOUNTANTS",
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"org_rep_person_name": "Stijn Splingaer",
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},
"co_filed_documents": [
"Annexes du Moniteur",
"Bijlagen bij het Belgisch Staatsblad"
]
}07-11-2022 Chris De Donder resigns as director
- Chris De Donder — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Chris De Donder",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0778789838",
"name": "De Donder",
"address": null,
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"legal_form": null
},
"effective_date": "2022-10-21",
"evidence_quote": "De Bijzondere Algemene Vergadering beslist met \u00E9\u00E9nparigheid van stemmen om met onmiddellijke ingang het ontslag van volgende bestuurder te aanvaarden: \u2022De besloten vennootschap De Donder, met zetel te 1741 Ternat (Wambeek), Dronkenborrestraat 11B, ingeschreven in de Kruispuntbank der Ondernemingen o"
}
],
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"subject_company": {
"kbo": "0784.255.193",
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}
}04-04-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "1750 Lennik, Frans Luckxstraat 61",
"schema": "v3.2",
"act_meta": {
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},
"founders": [
{
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"name": "M\u0026G MANAGEMENT"
},
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"person": null,
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "M\u0026G MANAGEMENT",
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 40,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
},
{
"org": {
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},
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},
{
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},
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"amount_paid_in_eur": 2500,
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}
],
"capital_eur": 7500,
"subject_company": {
"kbo": "0784.255.193",
"name_full": "CGS GROUP",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-03-30",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CGS GROUP |