CMG
ActiveSummary
CMG has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €149,275 and a net result of €38,829. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 77% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-6
Solvency86▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.93 in 2023; short-term debt: 31.9% and cash: 52.7% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
9 d early
2022
7 d early
2021
31 d early
2020
3 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€149,275▲ 35.2%
2023 · €110,446
Total assets
€246,197▲ 23.6%
2023 · €199,180
Net result
€38,829▼ 3.7%
2023 · €40,300
Working capital
€92,576▲ 16.6%
2023 · €79,430
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€18,337▲ 143%€2,501▼ 86.4%€47,117▲ 1,784%€60,815▲ 29.1%€61,004▲ 0.3%
Net result€12,040within the sector's middle half€1,523within the sector's middle half▼ 87.4%€30,727above the sector's middle half▲ 1,918%€40,300above the sector's middle half▲ 31.2%€38,829above the sector's middle half▼ 3.7%
Equity€55,038within the sector's middle half▲ 28.0%€56,561within the sector's middle half▲ 2.8%€70,146within the sector's middle half▲ 24.0%€110,446above the sector's middle half▲ 57.5%€149,275above the sector's middle half▲ 35.2%
Total assets€115,748within the sector's middle half▼ 19.3%€152,386within the sector's middle half▲ 31.7%€154,069within the sector's middle half▲ 1.1%€199,180within the sector's middle half▲ 29.3%€246,197above the sector's middle half▲ 23.6%
Debt€60,710▼ 39.6%€95,825▲ 57.8%€83,923▼ 12.4%€88,734▲ 5.7%€96,922▲ 9.2%
Working capital€31,752above the sector's middle half▲ 19.7%€32,629within the sector's middle half▲ 2.8%€52,044above the sector's middle half▲ 59.5%€79,430above the sector's middle half▲ 52.6%€92,576above the sector's middle half▲ 16.6%
Solvency47.5%within the sector's middle half▲ 17.6pp37.1%within the sector's middle half▼ 10.4pp45.5%within the sector's middle half▲ 8.4pp55.5%within the sector's middle half▲ 9.9pp60.6%above the sector's middle half▲ 5.2pp
Current ratio1.69within the sector's middle half▲ 0.321.37within the sector's middle half▼ 0.321.64within the sector's middle half▲ 0.271.93within the sector's middle half▲ 0.292.18above the sector's middle half▲ 0.25
Return on assets (ROA)10.4%within the sector's middle half▲ 12.1pp1.0%within the sector's middle half▼ 9.4pp19.9%above the sector's middle half▲ 18.9pp20.2%above the sector's middle half▲ 0.3pp15.8%within the sector's middle half▼ 4.5pp
Staff (FTE)6.8
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €246,197
Fixed assets
€75,068 ▲ 120%
Current assets
€171,129 ▲ 3.7%
Equity and liabilities €246,197
Equity
€149,275 ▲ 35.2%
Debt
€96,922 ▲ 9.2%
Debt's share of the balance-sheet total falls from 44.5% to 39.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80,826▲
2023 · €76,411
Cash flow
€58,651▲
2023 · €55,896
Quick ratio
1.87▲
2023 · 1.69
Debt to equity
0.65▼
2023 · 0.80
ROE
26.0%▼
2023 · 36.5%
Interest coverage
37.75▼
2023 · 60.98
Debt ≤ 1 year
€78,553▼
2023 · €85,561
Debt > 1 year
€18,369▲
2023 · €3,173
Income taxes
€20,034▲
2023 · €19,262
Staff costs
€217,041▼
2023 · €222,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €121,017 | €204,292 | €222,537 | €217,041 | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,950 | €19,431 | €11,390 | €15,596 | €19,822 | ▲ 27.1% |
| Other operating charges640/8 | - | €536 | €1,205 | €1,461 | €2,995 | ▲ 105% |
| Gross operating margin9900 | €143,352 | €143,485 | €264,004 | €300,409 | €300,862 | ▲ 0.2% |
| Operating profit (loss)9901 | €18,337 | €2,501 | €47,117 | €60,815 | €61,004 | ▲ 0.3% |
| Financial charges65/66B | - | €626 | €810 | €1,253 | €2,141 | ▲ 70.9% |
| Recurring financial charges65 | €1,232 | €626 | €810 | €1,253 | €2,141 | ▲ 70.9% |
| Profit (loss) for the period before taxes9903 | €17,105 | €1,875 | €46,307 | €59,562 | €58,863 | ▼ 1.2% |
| Income taxes67/77 | €5,065 | €352 | €15,580 | €19,262 | €20,034 | ▲ 4.0% |
| Profit (loss) for the period9904 | €12,040 | €1,523 | €30,727 | €40,300 | €38,829 | ▼ 3.7% |
| Profit (loss) for the period to be appropriated9905 | €12,040 | €1,523 | €30,727 | €40,300 | €38,829 | ▼ 3.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,748 | €152,386 | €154,069 | €199,180 | €246,197 | ▲ 23.6% |
| Fixed assets21/28 | €38,224 | €31,669 | €20,279 | €34,189 | €75,068 | ▲ 120% |
| Tangible fixed assets22/27 | €38,224 | €31,669 | €20,279 | €34,189 | €75,068 | ▲ 120% |
| Plant, machinery and equipment23 | - | €4,709 | €3,669 | €2,629 | €1,589 | ▼ 39.6% |
| Furniture and vehicles24 | - | €11,629 | €8,597 | €10,710 | €53,435 | ▲ 399% |
| Other tangible fixed assets26 | - | €15,331 | €8,013 | €20,850 | €20,044 | ▼ 3.9% |
| Current assets29/58 | €77,524 | €120,717 | €133,790 | €164,991 | €171,129 | ▲ 3.7% |
| Stocks and contracts in progress3 | €13,662 | €13,754 | €17,330 | €20,144 | €24,616 | ▲ 22.2% |
| Stocks30/36 | - | €13,754 | €17,330 | €20,144 | €24,616 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €2,315 | €3,933 | €7,079 | €11,947 | €12,316 | ▲ 3.1% |
| Trade receivables40 | - | €3,933 | €7,079 | €6,208 | €9,350 | ▲ 50.6% |
| Other amounts receivable41 | - | - | - | €5,739 | €2,966 | ▼ 48.3% |
| Cash at bank and in hand54/58 | €57,915 | €98,584 | €109,381 | €130,635 | €129,699 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | - | €4,446 | - | €2,265 | €4,498 | ▲ 98.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,748 | €152,386 | €154,069 | €199,180 | €246,197 | ▲ 23.6% |
| Equity10/15 | €55,038 | €56,561 | €70,146 | €110,446 | €149,275 | ▲ 35.2% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €38,360 | €38,360 | €51,945 | €92,245 | €131,074 | ▲ 42.1% |
| Non-distributable reserves130/1 | - | €992 | €992 | €992 | €992 | = |
| Reserves not available under the articles1311 | - | €992 | €992 | €992 | €992 | = |
| Distributable reserves133 | - | €37,368 | €50,953 | €91,253 | €130,082 | ▲ 42.6% |
| Profit (loss) carried forward14 | -€1,914 | -€391 | -€391 | -€391 | -€391 | = |
| Amounts payable17/49 | €60,710 | €95,825 | €83,923 | €88,734 | €96,922 | ▲ 9.2% |
| Amounts payable after more than one year17 | €14,938 | €7,737 | €2,177 | €3,173 | €18,369 | ▲ 479% |
| Financial debts170/4 | - | €7,737 | €2,177 | €3,173 | €18,369 | ▲ 479% |
| Amounts payable within one year42/48 | €45,772 | €88,088 | €81,746 | €85,561 | €78,553 | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €7,200 | €5,909 | €2,177 | €13,151 | ▲ 504% |
| Trade debts44 | €3,600 | €27,931 | €18,473 | €11,494 | €12,459 | ▲ 8.4% |
| Suppliers440/4 | - | €27,931 | €18,473 | €11,494 | €12,459 | ▲ 8.4% |
| Taxes, remuneration and social security45 | - | €25,652 | €34,433 | €53,029 | €42,078 | ▼ 20.7% |
| Taxes450/3 | - | €10,066 | €20,864 | €25,757 | €13,863 | ▼ 46.2% |
| Remuneration and social security454/9 | - | €15,586 | €13,569 | €27,272 | €28,215 | ▲ 3.5% |
| Other amounts payable47/48 | - | €27,305 | €22,931 | €18,861 | €10,865 | ▼ 42.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,040 | €1,523 | €30,727 | €40,300 | €38,829 | ▼ 3.7% |
| + Depreciation and write-downs630 | €18,950 | €19,431 | €11,390 | €15,596 | €19,822 | ▲ 27.1% |
| Operating cash flow (approximation) | €30,990 | €20,954 | €42,117 | €55,896 | €58,651 | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | -€12,876 | €0 | -€29,506 | -€60,701 | ▼ 106% |
| Change in cash | - | €40,669 | €10,797 | €21,254 | -€936 | ▼ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €40,300 ▲31.2%
Net result €40,300, the highest in the series.
31-12
Financial
Equity above €100,000Eq €110,446 ▲57.5%
4 profitable years in a row build equity to €110,446.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12,040
Net result €12,040 after 2 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Mont-Saint-Guibert · 1 establishment unit since 2004
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.
Rue Edouard Belin 11435 Mont-Saint-Guibert1 establishment unit
SAPORI DEL SUD
since 20042.136.189.626
Recognitions · licences · registrations
Food safety, FASFC
1 siteMont-Saint-Guibert2.136.189.626
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 7,276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
47252Retail sale of beverages, general range
Contact
Website
www.saporidelsud.be
E-mail
info@saporidelsud.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864301078
Registered
07-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.