CMSVG
ActiveCMSVG has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €57k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 3609 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency10▼-31
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.84 in 2024), and 94.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.2%
Return on assets
13.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
61 d late
2023
26 d early
2022
4 d early
2021
26 d late
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€22k
2024 · €-34k
2018: €164k
2019: €-61k
2020: €24k
2021: €232k
2022: €81k
2023: €-17k
2024: €-34k
2018 → 2025
Total assets
€428k▼ 20.1%
2024 · €536k
2018: €759k
2019: €737k
2020: €584k
2021: €789k
2022: €590k
2023: €489k
2024: €536k
2018 → 2025
Net result
€57k
2024 · €-17k
2018: €45k
2019: €-224k
2020: €84k
2021: €208k
2022: €-151k
2023: €-98k
2024: €-17k
2018 → 2025
Working capital
€-75k▲ 1.7%
2024 · €-76k
2018: €-40k
2019: €-276k
2020: €-72k
2021: €301k
2022: €91k
2023: €-10k
2024: €-76k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€81k▼ 65.0%€-17k€-34k▼ 100%€22k
Operating result€212k-€-142k€-87k▲ 38.9%€-3k▲ 96.9%€35k
Net result€208k-€-151k€-98k▲ 34.9%€-17k▲ 82.5%€57k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €428k
Fixed assets
€97k▼ 31.4%
Current assets
€331k▼ 16.0%
Equity and liabilities €428k
Equity
€22k
Debt
€406k
Debt finances 94.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€58k▲
2024 · €19k
Cash flow
€81k▲
2024 · €4k
Solvency
5.2%▲
2024 · -6.4%
Current ratio
0.82▼
2024 · 0.84
Quick ratio
0.23▼
2024 · 0.34
Debt / equity
18.09▲
2024 · -16.60
ROE
254.8%▲
2024 · 50.1%
ROA
13.3%▲
2024 · -3.2%
Interest coverage
2.79▲
2024 · 0.87
Debt
€406k▼
2024 · €570k
Debt ≤ 1 year
€406k▼
2024 · €470k
Debt > 1 year
€0▼
2024 · €93k
Income taxes
€977▼
2024 · €1k
Staff costs
€994k▼
2024 · €1.08M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€536k€428k▼
Fixed assets21/28€142k€97k▼
Tangible fixed assets22/27€141k€97k▼
Land and buildings22€29k€0▼
Plant, machinery and equipment23€33k€25k▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€71k€65k▼
Financial fixed assets28€650€650=
Current assets29/58€394k€331k▼
Stocks and contracts in progress3€234k€239k▲
Stocks30/36€234k€239k▲
Amounts receivable within one year40/41€57k€73k▲
Trade receivables40€32k€28k▼
Other amounts receivable41€25k€45k▲
Cash at bank and in hand54/58€102k€14k▼
Deferred charges and accrued income490/1€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€536k€428k▼
Equity10/15€-34k€22k▲
Contributions10/11€169k€169k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-205k€-148k▲
Amounts payable17/49€570k€406k▼
Amounts payable after more than one year17€93k€0▼
Financial debts170/4€93k€0▼
Amounts payable within one year42/48€470k€406k▼
Current portion of amounts payable after more than one year42€11k€18k▲
Financial debts43€19k€12k▼
Credit institutions430/8€19k€12k▼
Trade debts44€150k€180k▲
Suppliers440/4€150k€180k▲
Taxes, remuneration and social security45€135k€108k▼
Taxes450/3€28k€18k▼
Remuneration and social security454/9€107k€90k▼
Other amounts payable47/48€155k€87k▼
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.08M€994k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€8k€10k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.10M€1.06M▼
Operating profit (loss)9901€-3k€35k▲
Financial income75/76B€9k€44k▲
Recurring financial income75€9k€44k▲
Financial charges65/66B€22k€21k▼
Recurring financial charges65€22k€21k▼
Profit (loss) for the period before taxes9903€-16k€58k▲
Income taxes67/77€1k€977▼
Profit (loss) for the period9904€-17k€57k▲
Profit (loss) for the period to be appropriated9905€-17k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-205k€-148k▲
Profit (loss) brought forward from the previous period14P€-188k€-205k▼
Profit to be distributed694/7-€388
Return on contributions (dividend)694-€388
Social balance
Average headcount (FTE)908736.934.8▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €57k
Net result €57k after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €208k ▲146%
Operating result €212k, net result €208k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.82
Current ratio from 0.85 to 1.82; short-term debt falls from €473k to €369k.
31-12
Financial
Equity above €200kEq €232k ▲868%
2 profitable years in a row build equity to €232k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €84k
Net result €84k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-224k ▼593%
Net result drops to €-224k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
CAFO
CurrentDirector · since 24-02-2023 · Legal entity · perm. rep.: CAFO
24-02-2023
CAFO: Appointed as Director
24-02-2023
MERTENS Cedric: Resigned as Director
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 2005
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.
Markt 522440 GeelGround area
275 m²
Building footprint
463 m²
Volume, LiDAR
2,764 m³
Parcel 13008H0485/00A000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Café Flore
since 20052.167.344.442
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H0485/00A000 | Flanders | 275 m² | 1 · 463 m² | 14.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,665 EUR awarded · 3,665 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 266 EUR | 266 EUR |
| 2023 | 1 | 266 EUR | 266 EUR |
| 2022 | 1 | 2,133 EUR | 2,133 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeel2.167.344.442
Dual-learning approval
5 live approvals · 5 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Restaurant en keuken duaal (so)
Similar companies · same sector, comparable size
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LA DIFFERENCE
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Ronse · Eq €22k
AU CLARIDGE
BE 0779.549.012
Vorst · Eq €22k
Atelier Flori
BE 1021.126.225
Brugge · Eq €22k
MR CRÊPE
BE 0742.873.510
Leuven · Eq €22k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 8,868 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2005
Fiscal year end31-12
Activities, NACEBEL
55401
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
55301
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.