Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
CGS GROUP from Blankenberge, company number BE0784255193, closed financial year 2024 with a result of € 7,212 after tax. For that financial year CGS GROUP recorded a gross margin of € 509,735 and equity of € -82,432. Compared with financial year 2023, the result moved from € -97,144 to € 7,212. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 8, 2025.
€ -82,432
▲ € 7,212 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,212
▲ still € 97,144 loss in 2023
Profit after tax over the fiscal year.
€ 5,468
▼ 75% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -89,932.
People and assets in 2024
€ 435,303
▲ 19% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 57,071
▼ 53% vs 2023
Of which on lease € 32,980.
Debts at end 2024
€ 124,484
▼ 30% vs 2023
€ 34,644 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 268,496
▲ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 2,119
▼ 39% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Gross margin | € 312,108 | € 509,735 | ▲ 63% |
| Profit after taxes | € -97,144 | € 7,212 | ▲ € 104,355 |
| Equity | € -89,644 | € -82,432 | ▲ € 7,212 |
| Total debts | € 535,719 | € 503,352 | ▼ 6% |
| Cash | € 21,780 | € 5,468 | ▼ 75% |
| Retained profit | € -97,144 | € -89,932 | ▲ € 7,212 |
| Bank debt | € 176,619 | € 124,484 | ▼ 30% |
| Balance sheet total | € 446,075 | € 420,920 | ▼ 6% |
Key figures of CGS GROUP, fiscal years 2023 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CGS GROUP?
What happened at CGS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 7,212. filed late Source: NBB ↗
- New establishment in Blankenberge. KBO
- Start of the company according to the CBE. KBO
- M & G MANAGEMENT BV became a director. NBB
- M.A.S.E. BV became a director. NBB
In short
From € 97,144 loss in 2023 to € 7,212 profit in 2024.
Paid € 28 in corporate taxes since 2023.
Best year ever: 2024, with € 7,212 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of M&G MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CGS GROUPBehind CGS GROUP are M & G MANAGEMENT BV and M.A.S.E. BV. The shares are held by M&G MANAGEMENT (50%).
Directors
According to the 2024 annual accounts
Director · represented by Gunther CHARLES LEFEBURE
since 2022
Director · represented by Stijn NICO GOOSENS
since 2022
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Willem Van Heckehelling 2
8370 Blankenberge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0784.255.193
- VAT number
- BE 0784.255.193
- Registered office
- Willem Van Heckehelling 2, 8370 Blankenberge
- Names & denominations
- CGS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2022
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
Stukadoorswerk
Schrijnwerk
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