CTG GROUP

Active

Private limited companyfounded 20224 yrs activeBevrijdingslaan 41, 9000 Gent, BelgiumKBO/BCE: BE 0781.613.825

The computed 12-month bankruptcy probability of CTG GROUP is 7.2% (elevated). The 2024 annual accounts show negative equity (€-44k) and a net result of €27k. Equity is shrinking by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 18941 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

39 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability87▲+87

Solvency1▲+1

Growth58▲+26

Track record94

Bankruptcy probability, 12 months

7.2% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.24 against 0.13 in 2023; short-term debt: 121.8% and cash: 24.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-23.6%

Return on assets

14.7%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 18941 sector peers (2024).

NBB · sector comparison

Position among 18941 sector peers

Solvency

better than 20%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

92 d late

2023

163 d late

2022

62 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-44k▲ 38.4%

2023 · €-72k

2022: €-23k 2023: €-72k

2022 → 2024

Total assets

€187k▲ 8.3%

2023 · €172k

2022: €81k 2023: €172k

2022 → 2024

Net result

€27k

2023 · €-48k

2022: €-25k 2023: €-48k

2022 → 2024

Working capital

€-174k▲ 17.8%

2023 · €-211k

2022: €-75k 2023: €-211k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€-23k-€-72k▼ 209%€-44k▲ 38.4%

Operating result€-25k-€-47k▼ 88.5%€28k

Net result€-25k-€-48k▼ 92.4%€27k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €28k after a loss of €47k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €187k

71.2%

28.8%

Fixed assets €133k▼ 6.0%

Current assets €54k▲ 73.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€49k▲

2023 · €-29k

Cash flow

€48k▲

2023 · €-30k

Solvency

-23.6%▲

2023 · -41.5%

Current ratio

0.24▲

2023 · 0.13

Quick ratio

0.23▲

2023 · 0.09

Debt / equity

-5.24▼

2023 · -3.41

ROA

14.7%▲

2023 · -28.1%

Interest coverage

109.41▲

2023 · -24.97

Debt

€231k▼

2023 · €244k

Debt ≤ 1 year

€227k▼

2023 · €242k

Staff costs

€31k▲

2023 · €8k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€172k€187k▲

Fixed assets21/28€142k€133k▼

Tangible fixed assets22/27€137k€128k▼

Land and buildings22-€36k

Plant, machinery and equipment23€28k€28k▼

Furniture and vehicles24€37k€6k▼

Other tangible fixed assets26€71k€59k▼

Financial fixed assets28€5k€5k=

Current assets29/58€31k€54k▲

Stocks and contracts in progress3€8k€2k▼

Stocks30/36€8k€2k▼

Amounts receivable within one year40/41€14k€6k▼

Trade receivables40€8k€5k▼

Other amounts receivable41€6k€2k▼

Cash at bank and in hand54/58€8k€45k▲

Equity and liabilities

Total equity and liabilities10/49€172k€187k▲

Equity10/15€-72k€-44k▲

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-74k€-46k▲

Amounts payable17/49€244k€231k▼

Amounts payable within one year42/48€242k€227k▼

Trade debts44€20k€42k▲

Suppliers440/4€20k€42k▲

Taxes, remuneration and social security45€2k€6k▲

Taxes450/3€48€254▲

Remuneration and social security454/9€2k€5k▲

Other amounts payable47/48€220k€179k▼

Accrued charges and deferred income492/3€2k€3k▲

Income statement Code20232024

Remuneration, social security and pensions62€8k€31k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲

Other operating charges640/8€629€2k▲

Non-recurring operating charges66A-€16k

Gross operating margin9900€-20k€97k▲

Operating profit (loss)9901€-47k€28k▲

Financial income75/76B€160-

Recurring financial income75€160-

Financial charges65/66B€1k€445▼

Recurring financial charges65€1k€445▼

Profit (loss) for the period before taxes9903€-48k€27k▲

Profit (loss) for the period9904€-48k€27k▲

Profit (loss) for the period to be appropriated9905€-48k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-74k€-46k▲

Profit (loss) brought forward from the previous period14P€-25k€-74k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 92 days late

10-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 163 days late

2024

31-12

Financial Back to profitnet €27k

Net result €27k after 2 loss-making years.

2023

31-12

Financial Weakest financial yearnet €-48k

Net result drops to €-48k, the lowest in the series; recovery starts the following year.

01-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 62 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 2 establishment units since 2022

establishment All 2 establishment units on the map

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.

Bevrijdingslaan 419000 Gent

Ground area

355 m²

Building footprint

351 m²

Volume, LiDAR

2,822 m³

2 parcels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

CTG SRL

Bevrijdingslaan 41, 9000 GentLimited-service restaurants

since 20222.340.578.425

Marktstraat 15, 9400 Ninove

Full-service restaurants

since 20252.373.560.504

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44816K0639/00G002	Flanders	213 m²	1 · 213 m²	11.2 m · 1 fl.
41362B1134/00D000 ProtectedCultural-historical landscapeHuis Doremont: bijgebouw en tuinSource ↗	Flanders	142 m²	1 · 137 m²	14.9 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2024	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Gent2.340.578.425

1 permission

Toelating · Eetgelegenheid · since 21-02-2023

Ninove2.373.560.504

1 permission

Toelating · Eetgelegenheid · since 10-06-2025

Similar companies · same sector and region

We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 21,908 companies in sector 56112 we hold annual accounts for 9,783.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-02-2022

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.