CMG Performance
ActiveSummary
CMG Performance has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,069 and a net result of €10,693. Equity has been growing by about 16% per year since 2023. Its solvency ranks better than 83% of 2,874 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-08-2022 Normal situation
- Activity
- Activities of independent sportspeople NACE 93192and 5 others
- Establishment unit
- 2.334.496.129 3830 Wellen, since 22-08-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 16-05-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €20,718
- ▲ 205%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €10,693
- ▲ 62×
- Equity
- €45,069
- ▲ 31.1%
- Total assets
- €62,541
- ▲ 14.1%
Score breakdownraises riskSize: total assets €62,541lowers riskLiquidity: current ratio 3.18, cash €54,925Sector: Sports, amusement and recreation activities (NACE 93)Equity €45,069 (72.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 93, micro). It does better than 82% of them on solvency, 88% on liquidity, 80% on profitability and 76% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 8 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 6.4 times that of 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €19,357 | - | - |
| Depreciation and write-downs of the year | €4,880 | €3,762 | €3,762 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,880 | €3,762 | €3,762 | = |
| Other operating charges640/8 | €957 | €480 | €589 | ▲ 22.6% |
| Gross operating margin9900 | €45,562 | €6,800 | €20,718 | ▲ 205% |
| Operating profit (loss)9901 | €39,724 | €2,558 | €16,368 | ▲ 540% |
| Financial income75/76B | €24 | - | - | - |
| Recurring financial income75 | €24 | - | - | - |
| Financial charges65/66B | €452 | €1,256 | €1,237 | ▼ 1.5% |
| Recurring financial charges65 | €452 | €1,256 | €1,237 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €39,296 | €1,302 | €15,131 | ▲ 12× |
| Income taxes67/77 | €9,294 | €1,129 | €4,437 | ▲ 293% |
| Profit (loss) for the period9904 | €30,002 | €173 | €10,693 | ▲ 62× |
| Profit (loss) for the period to be appropriated9905 | €30,002 | €173 | €10,693 | ▲ 62× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60,670 | €54,806 | €62,541 | ▲ 14.1% |
| Fixed assets21/28 | €14,477 | €10,714 | €6,952 | ▼ 35.1% |
| Tangible fixed assets22/27 | €14,477 | €10,714 | €6,952 | ▼ 35.1% |
| Plant, machinery and equipment23 | €11,154 | €8,305 | €5,456 | ▼ 34.3% |
| Furniture and vehicles24 | €3,323 | €2,409 | €1,496 | ▼ 37.9% |
| Current assets29/58 | €46,193 | €44,091 | €55,588 | ▲ 26.1% |
| Amounts receivable within one year40/41 | €670 | - | €278 | - |
| Trade receivables40 | €250 | - | - | - |
| Other amounts receivable41 | €420 | - | €278 | - |
| Cash at bank and in hand54/58 | €45,523 | €43,728 | €54,925 | ▲ 25.6% |
| Deferred charges and accrued income490/1 | - | €363 | €385 | ▲ 6.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60,670 | €54,806 | €62,541 | ▲ 14.1% |
| Equity10/15 | €34,202 | €34,376 | €45,069 | ▲ 31.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €29,202 | €29,376 | €40,069 | ▲ 36.4% |
| Distributable reserves133 | €29,202 | €29,376 | €40,069 | ▲ 36.4% |
| Amounts payable17/49 | €26,468 | €20,430 | €17,471 | ▼ 14.5% |
| Amounts payable within one year42/48 | €26,468 | €20,430 | €17,471 | ▼ 14.5% |
| Trade debts44 | €418 | €3,262 | €1,147 | ▼ 64.8% |
| Suppliers440/4 | €418 | €3,262 | €1,147 | ▼ 64.8% |
| Taxes, remuneration and social security45 | €12,794 | €6,772 | €6,830 | ▲ 0.9% |
| Taxes450/3 | €12,794 | €6,772 | €6,830 | ▲ 0.9% |
| Other amounts payable47/48 | €13,256 | €10,396 | €9,494 | ▼ 8.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,002 | €173 | €10,693 | ▲ 62× |
| + Depreciation and write-downs630 | €4,880 | €3,762 | €3,762 | = |
| Operating cash flow (approximation) | €34,883 | €3,936 | €14,456 | ▲ 267% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€1,795 | €11,197 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as CMG Performance has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CMG Performance itself is lower: < 0.1% within 12 months. It rests on far more data about CMG Performance than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for CMG Performance. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- MIVIS Christopher Marie Marc 100 shares (100%) · €5,000
Capital transactions
- 24-08-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt duur opdracht, behalve handelingen die wet of statuten aan algemene vergadering voorbehouden”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie als…”
Articles of association, deed of 24-08-2022 (in Dutch)
Network & group
CMG Performance shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CMG Performance. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-04
Gazette deed
Registered office moved from Sint-Truiden to WellenNew seat: Nutstraat 19A, 3830 Wellen · Previous seat: Hasseltsesteenweg 53, 3800 Sint-Truiden · Director in office3 points ▸
- General meeting, 19-02-2024
- Registered-office move, Nutstraat 19A,3830 Wellen
- Director in office, Christopher Mivis (director)
24-08
Gazette deed
IncorporationStarting capital €5,000 · Appointment: MIVIS Christopher Marie Marc (director) · Founder9 points ▸
- Incorporation, “CMG Performance” (deed in Dutch)
- Founder, MIVIS Christopher Marie Marc (comparant)
- Founding capital, €5,000
- Bank account, “BNP Paribas Fortis NV”, 5000 (deed in Dutch)
- Share issue, 100, “vergoeding voor inbrengen” (deed in Dutch)
- Registered office clause, “3800 Sint-Truiden,Hasseltsesteenweg 53” (deed in Dutch)
- Board rule, 1
- Director appointment, MIVIS Christopher Marie Marc (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen voor heden door comparanten in naam en voor rekening van…” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 22 August 2022, CMG Performance was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2024 the registered office moved to Wellen.3 MIVIS Christopher Marie Marc is director of the company, appointed in the act of 24-08-2022.2 Total assets went from €60,670 in 2023 to €62,541 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Hasseltsesteenweg 53, 3800 Sint-Truiden until 26-02-2024 · act of 19-04-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
23 activities
- Golfspelers die in België of in het buitenland wonen,die al dan niet bij een golfclub zijn aangesloten,onder haar hoede te nemen.
- Een aanbod te creëren om het golfspel aan te leren,zich daarin te oefenen en te beoefenen.
- Personen met belangstelling voor de golfsport met de golfsport in contact te brengen.
- Les en coaching geven in golfsport.
- Het organiseren van aanverwante activiteiten,zowel in binnen- als buitenland.
- Reclame en promotie van producten en diensten.
- De aankoop en verkoop van alle golf- en aanverwante artikelen en van artikelen die onrechtstreeks de verwezenlijking van het voorwerp van de vennootschap kunnen ondersteunen,waaronder doch niet beperkend elektronica en zo meer,en van ieder voorwerp er betrekking op hebbende,zowel kleinhandel als groothandel.
- De aankoop en verkoop van alle sportaccessoires en kledij in het algemeen,zowel kleinhandel als groothandel,het organiseren van golf- en aanverwante wedstrijden,het onderhouden en promoten van contacten tussen golfclubs,federaties en andere initiatieven.
- De promotie van de golfsport in het algemeen.
- Het herstellen van golfuitrusting,het uitbaten van een clubhouse,het uitgeven van promotiemateriaal in verband met de golfsport,waaronder doch niet beperkend het uitgeven van een week- en/of maandblad.
- Het beheren van een internetsite.
- Het ontwerpen en onderhouden van golfterreinen.
- Het verlenen van technische,administratieve,financiële en commerciële bijstand,in de meest ruime zin genomen,aan derden of aanverwante bedrijven.
- De verwerving voor eigen rekening van participaties,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van om het even welke ondernemingen,Belgische of buitenlandse,commerciële,industriële of andere vennootschappen.
- De verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,intekening,plaatsing,waarborg,koop,aankoopoptie,verhandeling,of op iedere andere wijze.
- Onderneming in onroerende goederen,welke onder meer omvat: de verwerving,de vervreemding,het beheer,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en het verbouwen,de procuratie.Tussenhandelaar,de makelarij evenals welkdanige onroerende verhandeling in de meest ruime zin,met inbegrip van onroerende leasing.
- Het verlenen aan de ondernemingen waarin zij deelneemt,al dan niet bezoldigd,van alle bijstand,hetzij technisch,commercieel,administratief of op het vlak van algemeen beheer,hetzij financieel,met inbegrip van de borgstelling,hypotheek verlenen,avalgeving en inpandgeving van onroerende goederen.
- De agentuur bij het afsluiten van verzekeringen,financieringen en projectontwikkeling.
- Tussenpersoon in de handel,zoals makelaar in goederen,de zelfstandige handelsvertegenwoordiging en commissionair.
- Managementactiviteiten van holdings,het tussenkomen in het dagelijks bestuur,het vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten.
- Adviesbureau op het gebied van bedrijfsvoering en beheer.
- Het verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie.
- Het uitoefenen van de functie van bestuurder of zaakvoerder of andere leidinggevende functie in andere vennootschappen,al dan niet bezoldigd.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73098C0900/00B000 | Flanders | 423 m² | 1 · 95 m² | 3.1 m |