ACTIVE

CFAG

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Financial year 2025 · closed on 31/12/2025
Net result
24 k €
-40.0% YoY
Gross margin
150,2 k €
-11.7% YoY
Equity
153,1 k €
+18.6% YoY

What does CFAG do?

CFAG is a Private limited company incorporated in 2016. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Woluwe-Saint-Pierre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0667.518.069
Incorporation
07/12/2016
Legal form
Private limited company
Registered office
Avenue Roger Vandendriessche 22 box 19
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
69201Accounting, bookkeeping and auditing activities; tax consultancy· main69202Accounting, bookkeeping and auditing activities; tax consultancy
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin150,2 k €170,1 k €171,7 k €119,1 k €105,7 k €67,5 k €71 k €51,7 k €23,5 k €
EBITDA68,7 k €80,3 k €88 k €63,4 k €52,8 k €29,6 k €28 k €14,8 k €15,7 k €
Operating result37,1 k €60,2 k €48,7 k €27,8 k €37,3 k €20,6 k €15,5 k €9 k €10,5 k €
Net result24 k €40,1 k €37 k €18,1 k €31,7 k €11,9 k €11,4 k €4,4 k €4,6 k €
Balance sheet
Equity153,1 k €129,1 k €114 k €77 k €74,1 k €43,9 k €33,6 k €23,8 k €21,3 k €
Total assets263,7 k €312,9 k €348 k €330,2 k €270,4 k €127,5 k €70,2 k €62,7 k €46,1 k €
Cash47 k €30,2 k €27,8 k €106,6 k €20,1 k €11,5 k €15,1 k €9,8 k €18,9 k €
Debts110,6 k €183,9 k €234 k €253,2 k €196,3 k €83,6 k €36,6 k €38,9 k €24,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Michel ERGEN

Mandate

Active

Ended mandates

Arben AVMEDOSKI

Mandate

Ended
Hassan AHRIKA

Mandate

Ended
At this address

Other companies at this address

CompanyCBE no.
CFAG INVEST● Active
0765.548.150
Diamant Invest● Active
0805.819.778
DILAN CONSULT● Active
0526.841.840
ERGEN INVEST● Active
0702.941.776
FIDOPFIN● Active
0719.631.122
IMMO CIMA● Active
0808.147.184
Impro Invest● Active
1036.440.248
KASHALO INVESTMENT● Active
1029.732.994
Keferzi Invest● Active
0802.362.620
MAXJUMP● Active
0825.767.532
Michel Consulting● Active
0785.336.150
Nexus Advice● Active
1023.584.679
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/08/202631/08/202518/06/202404/07/202305/07/202226/07/2021
General meeting08/05/202609/05/202510/05/202412/05/202313/05/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202508/05/202620/08/2026FrenchPDF
Micro model31/12/202409/05/202531/08/2025FrenchPDF
Micro model31/12/202310/05/202418/06/2024FrenchPDF
Micro model31/12/202212/05/202304/07/2023FrenchPDF
Micro model31/12/202113/05/202205/07/2022FrenchPDF
Micro model31/12/202014/05/202126/07/2021FrenchPDF
Micro model31/12/201930/06/202002/09/2020FrenchPDF
Micro model31/12/201810/05/201929/08/2019FrenchPDF
Micro model31/12/201711/05/201827/08/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 2 ended

Active mandates

Michel ERGEN

Mandate

Active

Ended mandates

Arben AVMEDOSKI

Mandate

Ended
Hassan AHRIKA

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/07/2024
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office04/11/2021
    SIEGE SOCIAL
    PDF
  • Mandates20/07/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office06/03/2018
    SIEGE SOCIAL
    PDF
  • Other09/12/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202524 k €↓
  2. 2024
    Annual accounts 202440,1 k €↑
  3. 2023
    Annual accounts 202337 k €↑
  4. 2022
    Annual accounts 202218,1 k €↓
  5. 2021
    Annual accounts 202131,7 k €↑
  6. 2020
    Annual accounts 202011,9 k €↑
  7. 2019
    Annual accounts 201911,4 k €↑
  8. 2018
    Annual accounts 20184,4 k €↓
  9. 2017
    Annual accounts 20174,6 k €
  10. 07/12/2016
    IncorporationPrivate limited company