CMGC
ActiveSummary
CMGC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €717,874 and a net result of €115,507. Equity is growing by ~60.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-22
Solvency60▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 2.08 in 2023; short-term debt: 44.6% and cash: 11.3% of total assets), but 64.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
117 d late
2022
141 d late
2021
31 d late
2020
60 d late
2019
90 d late
← 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 75 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#7 company by total assets in Lontzen, Wholesale and retail trade sector#8 company by equity in Lontzen, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€115,507▼ 54.6%
2023 · €254,160
Working capital
€814,346▲ 14.6%
2023 · €710,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€102,726▲ 298%€192,635▲ 87.5%€118,097▼ 38.7%€292,913▲ 148%€176,218▼ 39.8%
Net result€74,291within the sector's middle half▲ 1,068%€226,972within the sector's middle half▲ 206%€275,991within the sector's middle half▲ 21.6%€254,160within the sector's middle half▼ 7.9%€115,507within the sector's middle half▼ 54.6%
Equity€125,244below the sector's middle half▲ 76.5%€352,216within the sector's middle half▲ 181%€628,207within the sector's middle half▲ 78.4%€682,368within the sector's middle half▲ 8.6%€717,874within the sector's middle half▲ 5.2%
Total assets€728,527within the sector's middle half▲ 13.5%€1.3mwithin the sector's middle half▲ 74.4%€1.5mwithin the sector's middle half▲ 20.2%€1.7mwithin the sector's middle half▲ 10.3%€2.0mwithin the sector's middle half▲ 20.7%
Debt€603,283▲ 5.7%€887,481▲ 47.1%€826,339▼ 6.9%€935,268▲ 13.2%€1.3m▲ 34.4%
Working capital€180,390▲ 20.1%€335,070▲ 85.7%€694,546▲ 107%€710,563▲ 2.3%€814,346▲ 14.6%
Solvency17.2%below the sector's middle half▲ 6.1pp27.7%within the sector's middle half▲ 10.5pp41.1%within the sector's middle half▲ 13.4pp40.5%within the sector's middle half▼ 0.6pp35.3%within the sector's middle half▼ 5.2pp
Staff (FTE)0.8below the sector's middle half▼ 11.1%1.6below the sector's middle half▲ 100%2.6below the sector's middle half▲ 62.5%2.6below the sector's middle half=3.3below the sector's middle half▲ 26.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€312,811 ▼ 1.2%
Current assets
€1.7m ▲ 25.8%
Equity and liabilities €2.0m
Equity
€717,874 ▲ 5.2%
Provisions
€59,345 ▼ 11.8%
Debt
€1.3m ▲ 34.4%
Debt's share of the balance-sheet total rises from 55.5% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€221,732▼
2023 · €331,923
Cash flow
€161,021▼
2023 · €293,170
Current ratio
1.90▼
2023 · 2.08
Quick ratio
0.52▲
2023 · 0.40
Debt to equity
1.75▲
2023 · 1.37
ROE
16.1%▼
2023 · 37.2%
ROA
5.7%▼
2023 · 15.1%
Interest coverage
4.80▼
2023 · 16.26
Debt ≤ 1 year
€906,670▲
2023 · €657,877
Debt > 1 year
€349,938▲
2023 · €277,391
Income taxes
€23,888▼
2023 · €31,343
Staff costs
€153,031▲
2023 · €115,241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 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: 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 | - | €51,743 | €105,488 | €115,241 | €153,031 | ▲ 32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,872 | €25,926 | €30,905 | €39,009 | €45,515 | ▲ 16.7% |
| Other operating charges640/8 | - | €4,265 | €3,697 | €12,234 | €8,376 | ▼ 31.5% |
| Non-recurring operating charges66A | - | - | - | - | €2,169 | - |
| Gross operating margin9900 | €144,988 | €274,569 | €258,187 | €459,398 | €385,308 | ▼ 16.1% |
| Operating profit (loss)9901 | €102,726 | €192,635 | €118,097 | €292,913 | €176,218 | ▼ 39.8% |
| Financial income75/76B | - | €131,971 | €278,048 | €7,436 | €1,416 | ▼ 81.0% |
| Recurring financial income75 | €11,418 | €7,811 | €8,861 | €7,436 | €1,416 | ▼ 81.0% |
| Non-recurring financial income76B | - | €124,161 | €269,187 | - | - | - |
| Financial charges65/66B | - | €34,200 | €27,876 | €20,411 | €46,196 | ▲ 126% |
| Recurring financial charges65 | €11,668 | €18,200 | €22,827 | €20,411 | €46,196 | ▲ 126% |
| Non-recurring financial charges66B | - | €16,000 | €5,049 | - | - | - |
| Profit (loss) for the period before taxes9903 | €97,772 | €290,407 | €368,269 | €279,938 | €131,438 | ▼ 53.0% |
| Transfer from deferred taxes780 | - | €369 | €3,003 | €5,565 | €7,956 | ▲ 43.0% |
| Transfer to deferred taxes680 | - | €31,040 | €45,198 | - | - | - |
| Income taxes67/77 | €23,481 | €32,763 | €50,082 | €31,343 | €23,888 | ▼ 23.8% |
| Profit (loss) for the period9904 | €74,291 | €226,972 | €275,991 | €254,160 | €115,507 | ▼ 54.6% |
| Transfer from tax-exempt reserves789 | - | €1,107 | €9,008 | €16,696 | €23,869 | ▲ 43.0% |
| Transfer to tax-exempt reserves689 | - | €93,121 | €135,594 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €74,291 | €134,958 | €149,406 | €270,856 | €139,376 | ▼ 48.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €728,527 | €1.3m | €1.5m | €1.7m | €2.0m | ▲ 20.7% |
| Fixed assets21/28 | €176,771 | €393,011 | €285,399 | €316,497 | €312,811 | ▼ 1.2% |
| Intangible fixed assets21 | €600 | - | - | - | - | - |
| Tangible fixed assets22/27 | €176,171 | €393,011 | €285,399 | €316,497 | €312,811 | ▼ 1.2% |
| Land and buildings22 | - | €108,192 | - | - | - | - |
| Plant, machinery and equipment23 | - | €270,264 | €278,881 | €311,758 | €301,308 | ▼ 3.4% |
| Furniture and vehicles24 | - | €14,555 | €6,519 | €4,739 | €11,504 | ▲ 143% |
| Current assets29/58 | €551,756 | €877,358 | €1.2m | €1.4m | €1.7m | ▲ 25.8% |
| Stocks and contracts in progress3 | €398,872 | €600,654 | €969,501 | €1.1m | €1.2m | ▲ 13.3% |
| Stocks30/36 | - | €600,654 | €969,501 | €1.1m | €1.2m | ▲ 13.3% |
| Amounts receivable within one year40/41 | €119,131 | €197,359 | €183,656 | €223,514 | €243,651 | ▲ 9.0% |
| Trade receivables40 | - | €197,359 | €168,574 | €217,296 | €156,396 | ▼ 28.0% |
| Other amounts receivable41 | - | - | €15,081 | €6,218 | €87,255 | ▲ 1,303% |
| Cash at bank and in hand54/58 | €33,754 | €79,345 | €88,857 | €42,888 | €229,195 | ▲ 434% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €728,527 | €1.3m | €1.5m | €1.7m | €2.0m | ▲ 20.7% |
| Equity10/15 | €125,244 | €352,216 | €628,207 | €682,368 | €717,874 | ▲ 5.2% |
| Contributions10/11 | €18,840 | €18,840 | €18,840 | €18,840 | €18,840 | = |
| Reserves13 | €1,884 | €93,898 | €220,483 | €203,787 | €179,918 | ▼ 11.7% |
| Non-distributable reserves130/1 | - | €1,884 | €1,884 | €1,884 | €1,884 | = |
| Reserves not available under the articles1311 | - | €1,884 | €1,884 | €1,884 | €1,884 | = |
| Tax-exempt reserves132 | - | €92,014 | €218,599 | €201,903 | €178,034 | ▼ 11.8% |
| Profit (loss) carried forward14 | €104,520 | €239,478 | €388,885 | €459,740 | €519,116 | ▲ 12.9% |
| Provisions and deferred taxes16 | - | €30,671 | €72,866 | €67,301 | €59,345 | ▼ 11.8% |
| Deferred taxes168 | - | €30,671 | €72,866 | €67,301 | €59,345 | ▼ 11.8% |
| Amounts payable17/49 | €603,283 | €887,481 | €826,339 | €935,268 | €1.3m | ▲ 34.4% |
| Amounts payable after more than one year17 | €231,917 | €345,193 | €278,871 | €277,391 | €349,938 | ▲ 26.2% |
| Financial debts170/4 | - | €345,193 | €278,871 | €277,391 | €349,938 | ▲ 26.2% |
| Amounts payable within one year42/48 | €371,366 | €542,288 | €547,468 | €657,877 | €906,670 | ▲ 37.8% |
| Current portion of amounts payable after more than one year42 | - | €99,082 | €134,891 | €107,334 | €146,192 | ▲ 36.2% |
| Financial debts43 | - | €140,000 | €50,000 | - | - | - |
| Credit institutions430/8 | - | €140,000 | €50,000 | - | - | - |
| Trade debts44 | €156,725 | €116,990 | €227,635 | €138,180 | €281,680 | ▲ 104% |
| Suppliers440/4 | - | €116,990 | €227,635 | €138,180 | €281,680 | ▲ 104% |
| Taxes, remuneration and social security45 | - | €78,859 | €18,803 | €27,095 | €23,215 | ▼ 14.3% |
| Taxes450/3 | - | €71,687 | €14,000 | €19,632 | €9,156 | ▼ 53.4% |
| Remuneration and social security454/9 | - | €7,172 | €4,803 | €7,463 | €14,059 | ▲ 88.4% |
| Other amounts payable47/48 | - | €107,357 | €116,139 | €385,268 | €455,582 | ▲ 18.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,291 | €226,972 | €275,991 | €254,160 | €115,507 | ▼ 54.6% |
| + Depreciation and write-downs630 | €20,872 | €25,926 | €30,905 | €39,009 | €45,515 | ▲ 16.7% |
| Operating cash flow (approximation) | €95,163 | €252,898 | €306,896 | €293,170 | €161,021 | ▼ 45.1% |
| Investment in fixed assets (approximation) | - | -€242,167 | €76,707 | -€70,107 | -€41,829 | ▲ 40.3% |
| Change in cash | - | €45,591 | €9,512 | -€45,968 | €186,307 | ▲ 505% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 117 days late
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 141 days late
2022
31-12
Financial
Highest result since 2018net €275,991 ▲21.6%
Net result €275,991, the highest in the series.
31-12
Financial
Equity above €500,000Eq €628,207 ▲78.4%
5 profitable years in a row build equity to €628,207.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €200,000Eq €352,216 ▲181%
4 profitable years in a row build equity to €352,216.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Equity above €100,000Eq €125,244 ▲76.5%
3 profitable years in a row build equity to €125,244.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €6,363 ▼30.9%
Net result drops to €6,363, the lowest in the series; recovery starts the following year.
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 111 days late
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Lontzen · 2 establishment units since 2010
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 Zénobe Gramme 144710 LontzenGround area
553 m²
Building footprint
74 m²
Volume, LiDAR
663 m³
Parcel 63572B0015/00R005, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CMGC
since 20102.187.514.306
Rue Zénobe Gramme 14, 4710 Lontzen
since 20212.320.563.365
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63572B0015/00R005 | Wallonia | 553 m² | 1 · 74 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- BEOM HOLDING
- CMGC
Highest known parent: BEOM HOLDING. The sources do not say who stands above it.
Owners 1
- BEOM HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 388 companies in sector 46630 we hold annual accounts for 276. 220 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
Founded21-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46630
68110Buying and selling of own real estate
70200Business and other management consultancy
77320
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474094923
Registered
17-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.