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CPEGF

Active
Private limited companyfounded 2022active for 4 yearsRue Florent Boclinville 24, 4041 Herstal, BelgiumKBO/BCE: BE 0785.529.754
Summary

The computed 12-month bankruptcy probability of CPEGF is 1.7% (moderate). The 2024 annual accounts show equity of €112,913 and a net result of €61,711. Its solvency ranks better than 22% of 38,983 sector peers (NACE 70, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€211,452total assets 2024
Staff
1 FTE
Equity
€112,913
Profit
€61,711
Turnover not published (micro format)
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Accounts 81 days overdue0 of 1 deed read
Why 54raises riskLiquidity: current ratio 0.57, cash €141, halvedLatest accounts 77 days late; 3 of the last 3 latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Founded in 2022Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 23% of its sector peers (NACE 70, micro)
Financial strength · tick = 2023
Strong
Solvency 78+21
equity 53.4% of total assets
Liquidity 56-21
short-term debt 21.3% · cash 10.5%
Profitability 100=
return on assets 29.2%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,380 companies, NACE 70, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▲ +0.2 percentage points vs 08-2025 10-2025: 1.1%▲ +0.5 percentage points vs 09-2025 11-2025: 0.5%▼ -0.6 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.4%▼ -0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%▲ +0.1 percentage points vs 08-2026 10-2026: 1.7%▲ +0.9 percentage points vs 09-2026highest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 1.6, compared with 1.32 in 2023, above the usual 1.5; short-term debt: 21.3% and cash: 10.5% of total assets), and 46.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 22% on solvency, 19% on liquidity, 22% on profitability and 30% on growth.

The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.57, cash €141, halved
NBB · annual accounts
raises risk · Latest accounts 77 days late; 3 of the last 3 late
NBB · filings
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Founded in 2022
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
81 days late
2023
66 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 74 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Equity above €100,000equity €112,913 ▲121%
  3. Founder · IncorporationOther provision · Founding capital

Financials · financial year 2024, micro format

2025 annual accounts filed late (77 days) Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00560327.

Equity
€112,913▲ 121%
2023 · €51,201
Total assets
€211,452▲ 33.8%
2023 · €158,069
Net result
€61,711▲ 26.7%
2023 · €48,701
Working capital
€26,849▲ 109%
2023 · €12,826
Trend over the years

2023 to 2024, 2 financial years

The operating result rises in 2024; 2024 is 29% above 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€83,536 2024 Net result€61,711 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20232024
Operating result€64,666-€83,536▲ 29.2%
Net result€48,701within the sector's middle half-€61,711within the sector's middle half▲ 26.7%
Equity€51,201within the sector's middle half-€112,913within the sector's middle half▲ 121%
Total assets€158,069within the sector's middle half-€211,452within the sector's middle half▲ 33.8%
Debt€106,868-€98,540▼ 7.8%
Working capital€12,826within the sector's middle half-€26,849within the sector's middle half▲ 109%
Solvency32.4%within the sector's middle half-53.4%within the sector's middle half▲ 21.0pp
Current ratio1.32within the sector's middle half-1.60within the sector's middle half▲ 0.28
Return on assets (ROA)30.8%above the sector's middle half-29.2%within the sector's middle half▼ 1.6pp
Staff (FTE)1
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211,452
Fixed assets €139,596 ▲ 33.3%
Current assets €71,856 ▲ 34.8%
Equity and liabilities €211,452
Equity €112,913 ▲ 121%
Debt €98,540 ▼ 7.8%
Debt's share of the balance-sheet total falls from 67.6% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€102,234▲
2023 · €76,795
Cash flow
€80,409▲
2023 · €60,830
Debt to equity
0.87▼
2023 · 2.09
ROE
54.7%▼
2023 · 95.1%
Interest coverage
24.02▼
2023 · 25.49
Debt ≤ 1 year
€45,007▲
2023 · €40,494
Debt > 1 year
€53,533▼
2023 · €66,373
Income taxes
€17,654▲
2023 · €13,070
Staff costs
€48,856▲
2023 · €9,094
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€158,069€211,452▲
Fixed assets21/28€104,748€139,596▲
Tangible fixed assets22/27€104,748€138,596▲
Land and buildings22€66,007€102,986▲
Plant, machinery and equipment23-€1,539
Furniture and vehicles24€38,742€34,071▼
Financial fixed assets28-€1,000
Current assets29/58€53,321€71,856▲
Amounts receivable after more than one year29-€25,200
Other amounts receivable291-€25,200
Amounts receivable within one year40/41€5,874€24,480▲
Trade receivables40€5,874€14,000▲
Other amounts receivable41-€10,480
Cash at bank and in hand54/58€47,060€22,155▼
Deferred charges and accrued income490/1€387€21▼
Equity and liabilities
Total equity and liabilities10/49€158,069€211,452▲
Equity10/15€51,201€112,913▲
Contributions10/11€2,500€2,500=
Contributions outside capital11€2,500-
Share premium1100/10€2,500-
Profit (loss) carried forward14€48,701€110,413▲
Amounts payable17/49€106,868€98,540▼
Amounts payable after more than one year17€66,373€53,533▼
Financial debts170/4€66,373€53,533▼
Amounts payable within one year42/48€40,494€45,007▲
Current portion of amounts payable after more than one year42€12,372€24,619▲
Financial debts43€8,561€2,239▼
Credit institutions430/8€8,561€2,239▼
Trade debts44€3,610€4,355▲
Suppliers440/4€3,610€4,355▲
Taxes, remuneration and social security45€6,143€13,794▲
Taxes450/3€4,683€9,683▲
Remuneration and social security454/9€1,461€4,111▲
Other amounts payable47/48€9,808€0▼
Income statement Code20232024
Remuneration, social security and pensions62€9,094€48,856▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,128€18,698▲
Other operating charges640/8€1,877€793▼
Gross operating margin9900€87,766€151,883▲
Operating profit (loss)9901€64,666€83,536▲
Financial income75/76B€118€85▼
Recurring financial income75€118€85▼
Financial charges65/66B€3,013€4,257▲
Recurring financial charges65€3,013€4,257▲
Profit (loss) for the period before taxes9903€61,771€79,365▲
Income taxes67/77€13,070€17,654▲
Profit (loss) for the period9904€48,701€61,711▲
Profit (loss) for the period to be appropriated9905€48,701€61,711▲
Appropriation of the result
Profit (loss) to be appropriated9906€48,701€110,413▲
Profit (loss) brought forward from the previous period14P-€48,701

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€9,094€48,856▲ 437%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,128€18,698▲ 54.2%
Other operating charges640/8€1,877€793▼ 57.7%
Gross operating margin9900€87,766€151,883▲ 73.1%
Operating profit (loss)9901€64,666€83,536▲ 29.2%
Financial income75/76B€118€85▼ 27.8%
Recurring financial income75€118€85▼ 27.8%
Financial charges65/66B€3,013€4,257▲ 41.3%
Recurring financial charges65€3,013€4,257▲ 41.3%
Profit (loss) for the period before taxes9903€61,771€79,365▲ 28.5%
Income taxes67/77€13,070€17,654▲ 35.1%
Profit (loss) for the period9904€48,701€61,711▲ 26.7%
Profit (loss) for the period to be appropriated9905€48,701€61,711▲ 26.7%
Line20232024Change
Assets
Total assets20/58€158,069€211,452▲ 33.8%
Fixed assets21/28€104,748€139,596▲ 33.3%
Tangible fixed assets22/27€104,748€138,596▲ 32.3%
Land and buildings22€66,007€102,986▲ 56.0%
Plant, machinery and equipment23-€1,539-
Furniture and vehicles24€38,742€34,071▼ 12.1%
Financial fixed assets28-€1,000-
Current assets29/58€53,321€71,856▲ 34.8%
Amounts receivable after more than one year29-€25,200-
Other amounts receivable291-€25,200-
Amounts receivable within one year40/41€5,874€24,480▲ 317%
Trade receivables40€5,874€14,000▲ 138%
Other amounts receivable41-€10,480-
Cash at bank and in hand54/58€47,060€22,155▼ 52.9%
Deferred charges and accrued income490/1€387€21▼ 94.7%
Equity and liabilities
Total equity and liabilities10/49€158,069€211,452▲ 33.8%
Equity10/15€51,201€112,913▲ 121%
Contributions10/11€2,500€2,500=
Contributions outside capital11€2,500--
Share premium1100/10€2,500--
Profit (loss) carried forward14€48,701€110,413▲ 127%
Amounts payable17/49€106,868€98,540▼ 7.8%
Amounts payable after more than one year17€66,373€53,533▼ 19.3%
Financial debts170/4€66,373€53,533▼ 19.3%
Amounts payable within one year42/48€40,494€45,007▲ 11.1%
Current portion of amounts payable after more than one year42€12,372€24,619▲ 99.0%
Financial debts43€8,561€2,239▼ 73.8%
Credit institutions430/8€8,561€2,239▼ 73.8%
Trade debts44€3,610€4,355▲ 20.6%
Suppliers440/4€3,610€4,355▲ 20.6%
Taxes, remuneration and social security45€6,143€13,794▲ 125%
Taxes450/3€4,683€9,683▲ 107%
Remuneration and social security454/9€1,461€4,111▲ 181%
Other amounts payable47/48€9,808€0▼ 100%
Line20232024Change
Profit (loss) for the period9904€48,701€61,711▲ 26.7%
+ Depreciation and write-downs630€12,128€18,698▲ 54.2%
Operating cash flow (approximation)€60,830€80,409▲ 32.2%
Investment in fixed assets (approximation)--€53,546-
Change in cash--€24,905-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2024 micro format 20-10-2025 2025-00545498
31-12-2023 micro format 05-10-2024 2024-00494836

Similar companies · same sector, comparable size

Of the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,878. 41,685 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Board mandates elsewhere

2 board mandates
Board mandates of this companythis company sits on their board2
1 location
1 location

History

On 28 April 2022, CPEGF was incorporated as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2024

Acts, filings and financial milestones

2025
20-10
NBB filing Annual accounts filed
financial year 2024 · micro format · 81 days late
2024
31-12
Financial Equity above €100,000equity €112,913 ▲121%
A profit in every financial year since 2023 builds equity to €112,913.
13-12
Gazette deed Founder · Incorporation
Other provision · Founding capital
09-12
Gazette deed Director in office · Power of attorney
Incorporation · Founding capital
05-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 66 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded28-04-2022
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
Contact
E-mail contact@vfoguenne.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0785529754
Also 9925:BE0785529754
Registered 09-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 20 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
297 m²
Building footprint
117 m²
Building volume
917 m³
2 parcels, Wallonia · tallest building 11.0 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
CPEGF
Rue Florent Boclinville 18, 4041 HerstalBusiness and other management consultancy
since 2022unit no. 2.337.463.339
2 parcels
Wallonia 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
62112B0231/00K003 Wallonia 169 m² 1 · 60 m² 11.0 m · 3
62112B0231/00H002 Wallonia 128 m² 1 · 57 m² 7.4 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.