ACTIVE

C-GAMES

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Financial year 2025 · closed on 30/09/2025

Net result

-258,2 k €

-717.8% YoY

Gross margin

724,1 k €

+28.2% YoY

Equity

138,6 k €

-72.1% YoY

Workforce

2,0 ETP

0.0% YoY

What does C-GAMES do?

C-GAMES is a Public limited company incorporated in 2000. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Gent. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.671.685

Incorporation

29/12/2000

Legal form

Public limited company

Registered office

Wondelgemkaai 15
9000 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

2,0 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51873Air transport 71340Architectural and engineering activities; technical testing and analysis 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.

Joint committees (3)

14904
201
218

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	724,1 k €	+28.2%	564,9 k €	+8.4%	521,3 k €	+31.4%	396,6 k €	-38.4%	643,7 k €	+155%	252,6 k €	-15.7%	299,7 k €	+9.6%	273,4 k €	-12.7%	313,1 k €	-34.6%	478,7 k €	+5.4%	454,3 k €	+5.5%	430,7 k €	+81.4%	237,5 k €	-10.3%	264,7 k €	-9.6%	292,8 k €	-5.7%	310,4 k €	+4.8%	296,2 k €
EBITDA	-140,1 k €	-201%	138,9 k €	+25.6%	110,6 k €	-46.6%	207,1 k €	-27.0%	283,7 k €	+333%	65,5 k €	-26.9%	89,5 k €	-7.2%	96,4 k €	-13.0%	110,9 k €	-19.0%	136,9 k €	-11.4%	154,6 k €	-43.0%	271 k €	+272%	72,8 k €	+0.7%	72,3 k €	-42.5%	125,7 k €	-2.6%	129,1 k €	+52.4%	84,7 k €
Operating result	-225,4 k €	-570%	48 k €	+190%	16,5 k €	-84.1%	104 k €	-13.3%	119,9 k €	+323%	28,3 k €	-39.7%	47 k €	+770%	5,4 k €	+21.9%	4,4 k €	-81.1%	23,4 k €	-18.4%	28,7 k €	-85.4%	196,9 k €	+177498%	110,9 €	-86.1%	799 €	-98.2%	44,9 k €	-54.8%	99,3 k €	+257%	27,8 k €
Net result	-258,2 k €	-718%	41,8 k €	+214%	13,3 k €	-85.2%	89,9 k €	+0.6%	89,3 k €	+476%	15,5 k €	-42.7%	27,1 k €	+697%	-4,5 k €	+48.0%	-8,7 k €	-161%	14,3 k €	-19.8%	17,8 k €	-86.2%	129,1 k €	+2488%	-5,4 k €	-986%	610 €	-98.4%	38,3 k €	-55.0%	85,1 k €	+214%	27,1 k €
Balance sheet
Equity	138,6 k €	-72.1%	496,8 k €	+9.0%	455,8 k €	+2.8%	443,3 k €	+5.0%	422,3 k €	+26.8%	333 k €	+4.9%	317,5 k €	+9.3%	290,4 k €	-1.5%	295 k €	-2.9%	303,7 k €	+4.9%	289,4 k €	+6.5%	271,7 k €	+90.5%	142,6 k €	-3.7%	148 k €	+212%	47,4 k €	+5.1%	45,1 k €	+191%	-49,5 k €
Total assets	340,9 k €	-43.1%	599,5 k €	-3.1%	618,8 k €	-10.5%	691,4 k €	+2.5%	674,2 k €	+15.5%	584 k €	+22.3%	477,6 k €	+2.5%	466,1 k €	-13.3%	537,5 k €	-10.4%	600,2 k €	-18.2%	733,8 k €	+17.0%	627,4 k €	+56.8%	400,2 k €	-3.3%	413,7 k €	+46.8%	281,8 k €	+83.2%	153,8 k €	-5.6%	163 k €
Cash	70,9 k €	-43.7%	126 k €	-19.6%	156,7 k €	+117%	72,3 k €	-49.1%	142 k €	+150%	56,8 k €	+195%	19,3 k €	-75.6%	79,1 k €	-0.4%	79,5 k €	+20.3%	66,1 k €	+3.2%	64,1 k €	+25.3%	51,1 k €	-1.8%	52,1 k €	-5.4%	55 k €	+94.2%	28,3 k €	+27.4%	22,3 k €	+82.4%	12,2 k €
Debts	202,3 k €	+104%	99,2 k €	-36.5%	156,2 k €	-34.4%	238 k €	-4.0%	247,9 k €	-0.5%	249,1 k €	+60.1%	155,6 k €	-9.1%	171,2 k €	-24.4%	226,5 k €	-15.8%	268,9 k €	-33.6%	405,1 k €	+33.6%	303,3 k €	+19.8%	253,1 k €	-3.6%	262,7 k €	+17.3%	224 k €	+122%	100,8 k €	-51.9%	209,5 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-28.6%	2,8 ETP	-39.1%	4,6 ETP		–		–		1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	+7.1%	1,4 ETP	+40.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-54.5%	2,2 ETP	-15.4%	2,6 ETP	-13.3%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 9 ended

Active mandates

PASCUAL GROUP

Director · since 14 novembre 2025 · 0651.948.183

Represented by Pascual-Madorran Carlos

Active

UNITED GAMES

Director · since 14 novembre 2025 · 0627.762.026

Represented by Pascual-Madorran Joeri

Active

Ended mandates

BELCOIN

Director · since 01 avril 2019 · 0434.310.174

Represented by CARION Bernard

Ended

BELCOIN

Director · since 01 avril 2019 · 0434.310.174

Represented by CARION BERNARD

Ended

Bernard Carion

Director

Ended

Bernard Carion

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
BTW-EENHEID PASCUAL● Active	0679.903.286
Btw-eenheid United Group● Active	1033.340.604
EURAUTOMAT● Active	0418.410.092
Fyat● Active	0704.681.937
PASCUAL GROUP● Active	0651.948.183
UNITED GAMES● Active	0627.762.026
UNITED GROUP● Active	0789.802.704

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	21 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	17/06/2024	12/05/2023	25/05/2022	29/07/2021	23/05/2020
General meeting	28/04/2026	14/06/2024	27/03/2023	21/03/2022	30/06/2021	18/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	28/04/2026	30/04/2026	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	27/03/2023	12/05/2023	Dutch	PDF
Abridged model	31/12/2021	21/03/2022	25/05/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	23/05/2020	Dutch	PDF
Abridged model	31/12/2018	29/03/2019	15/04/2019	Dutch	PDF
Micro model	31/12/2017	22/05/2018	24/09/2018	Dutch	PDF
Micro model	31/12/2016	15/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	28/09/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	27/11/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	24/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 9 ended

Active mandates

PASCUAL GROUP

Director · since 14 novembre 2025 · 0651.948.183

Represented by Pascual-Madorran Carlos

Active

UNITED GAMES

Director · since 14 novembre 2025 · 0627.762.026

Represented by Pascual-Madorran Joeri

Active

Ended mandates

BELCOIN

Director · since 01 avril 2019 · 0434.310.174

Represented by CARION Bernard

Ended

BELCOIN

Director · since 01 avril 2019 · 0434.310.174

Represented by CARION BERNARD

Ended

Bernard Carion

Director

Ended

Bernard Carion

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring21/08/2026
Voorstel van een met fusie door overneming gelijkgestelde verrichting in de:
PDF
Mandates27/11/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other10/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2015
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates29/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2009
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-258,2 k €↓
2023
Annual accounts 202341,8 k €↑
2022
Annual accounts 202213,3 k €↓
2021
Annual accounts 202189,9 k €↑
2018
Annual accounts 201889,3 k €↑
2017
Annual accounts 201715,5 k €↓
2016
Annual accounts 201627,1 k €↑
2015
Annual accounts 2015-4,5 k €↑
2014
Annual accounts 2014-8,7 k €↓
2013
Annual accounts 201314,3 k €↓
2012
Annual accounts 201217,8 k €↓
2011
Annual accounts 2011129,1 k €↑
2010
Annual accounts 2010-5,4 k €↓
2009
Annual accounts 2009610 €↓
2008
Annual accounts 200838,3 k €↓
2007
Annual accounts 200785,1 k €↑
2006
Annual accounts 200627,1 k €
29/12/2000
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

C-GAMES

Overview

What does C-GAMES do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline