ACTIVE

CGEM

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Financial year 2025 · closed on 31/03/2025

Net result

134,4 k €

+45.8% YoY

Gross margin

267,1 k €

+49.1% YoY

Equity

578,7 k €

+30.2% YoY

What does CGEM do?

CGEM is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Charleroi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.819.639

Incorporation

13/12/2010

Legal form

Private limited company

Registered office

Rue du Beau Site 2
6032 Charleroi · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	267,1 k €	+49.1%	179,2 k €	+59.3%	112,5 k €	-20.1%	140,7 k €	+96.0%	71,8 k €	+49.7%	47,9 k €	-62.9%	129,3 k €	+52.5%	84,8 k €	-37.9%	136,5 k €	+21.0%	112,8 k €	+1.0%	111,7 k €	+16.6%	95,8 k €	+5.3%	91 k €	+3.1%	88,3 k €
EBITDA	263,1 k €	+50.1%	175,3 k €	+60.9%	109 k €	+15.1%	94,6 k €	+38.2%	68,5 k €	+53.3%	44,7 k €	-63.9%	123,7 k €	+49.9%	82,6 k €	-15.4%	97,6 k €	+60.6%	60,8 k €	+8.5%	56 k €	+56.9%	35,7 k €	-8.2%	38,9 k €	+46.6%	26,5 k €
Operating result	200,8 k €	+49.4%	134,4 k €	+86.5%	72,1 k €	+9.1%	66,1 k €	+45.1%	45,5 k €	+181%	16,2 k €	-82.8%	94 k €	+73.8%	54 k €	-16.8%	64,9 k €	+75.8%	37 k €	-2.2%	37,8 k €	+87.3%	20,2 k €	-5.9%	21,4 k €	-17.7%	26 k €
Net result	134,4 k €	+45.8%	92,1 k €	+91.8%	48,1 k €	+11.9%	42,9 k €	+53.2%	28 k €	+231%	8,5 k €	-86.9%	64,7 k €	+102%	32 k €	-9.4%	35,3 k €	+70.5%	20,7 k €	-9.9%	23 k €	+328%	5,4 k €	-51.3%	11 k €	-20.8%	13,9 k €
Balance sheet
Equity	578,7 k €	+30.2%	444,3 k €	+26.2%	352,1 k €	+15.8%	304,1 k €	+16.4%	261,1 k €	+12.0%	233,1 k €	+3.8%	224,6 k €	+40.4%	160 k €	+25.0%	128 k €	+38.1%	92,7 k €	+28.8%	71,9 k €	+47.0%	49 k €	+12.3%	43,6 k €	+33.9%	32,5 k €
Total assets	966,5 k €	+20.9%	799,7 k €	+13.9%	702,4 k €	+8.3%	648,5 k €	+36.3%	475,9 k €	+2.5%	464,5 k €	+2.7%	452,3 k €	+9.1%	414,7 k €	+8.1%	383,8 k €	+88.9%	203,1 k €	+8.3%	187,5 k €	-4.2%	195,7 k €	+63.5%	119,7 k €	+93.6%	61,8 k €
Cash	178,9 k €	+75.1%	102,2 k €	+119%	46,7 k €	+241%	13,7 k €	-93.5%	212 k €	+60.2%	132,3 k €	+331%	30,7 k €	-24.8%	40,8 k €	-33.2%	61,1 k €	+266%	16,7 k €	+113%	7,8 k €	+33.0%	5,9 k €	+36.2%	4,3 k €	-91.2%	49,3 k €
Debts	387,9 k €	+9.1%	355,4 k €	+1.5%	350,3 k €	+1.7%	344,4 k €	+60.4%	214,7 k €	-7.2%	231,3 k €	+1.6%	227,7 k €	-10.6%	254,7 k €	-0.4%	255,8 k €	+132%	110,5 k €	-4.4%	115,5 k €	-21.3%	146,8 k €	+92.7%	76,1 k €	+160%	29,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

Marcel CORNIL

Director · since 30 septembre 2020

Active

Ended mandates

Marcel CORNIL

Director · since 01 janvier 2017

Ended

Marcel CORNIL

Manager · since 01 janvier 2017

Ended

Alain GILLE

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
C4WASTE● Active	0636.909.225

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/10/2025	31/10/2024	31/10/2023	31/10/2022	02/11/2021	30/10/2020
General meeting	01/09/2025	02/09/2024	24/10/2023	05/09/2022	06/09/2021	07/09/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	01/09/2025	08/10/2025	French	PDF
Micro model	31/03/2024	02/09/2024	31/10/2024	French	PDF
Micro model	31/03/2023	24/10/2023	31/10/2023	French	PDF
Micro model	31/03/2022	05/09/2022	31/10/2022	French	PDF
Micro model	31/03/2021	06/09/2021	02/11/2021	French	PDF
Micro model	31/03/2020	07/09/2020	30/10/2020	French	PDF
Micro model	31/03/2019	02/09/2019	31/10/2019	French	PDF
Micro model	31/03/2018	03/09/2018	31/10/2018	French	PDF
Micro model	31/03/2017	04/09/2017	27/10/2017	French	PDF
Abridged model	31/03/2016	05/09/2016	28/10/2016	French	PDF
Abridged model	31/03/2015	07/09/2015	31/10/2015	French	PDF
Abridged model	31/03/2014	01/09/2014	31/10/2014	French	PDF
Abridged model	31/03/2013	02/09/2013	29/11/2013	French	PDF
Abridged model	31/03/2012	03/09/2012	30/11/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/03/2025 · 1 active · 3 ended

Active mandates

Marcel CORNIL

Director · since 30 septembre 2020

Active

Ended mandates

Marcel CORNIL

Director · since 01 janvier 2017

Ended

Marcel CORNIL

Manager · since 01 janvier 2017

Ended

Alain GILLE

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other20/12/2024
OBJET
PDF
Mandates08/10/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates15/02/2017
DEMISSIONS, NOMINATIONS
PDF
Other15/12/2010
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

2025
Annual accounts 2025134,4 k €↑
2024
Annual accounts 202492,1 k €↑
2023
Annual accounts 202348,1 k €↑
2022
Annual accounts 202242,9 k €↑
2021
Annual accounts 202128 k €↑
2020
Annual accounts 20208,5 k €↓
2019
Annual accounts 201964,7 k €↑
2018
Annual accounts 201832 k €↓
2017
Annual accounts 201735,3 k €↑
2016
Annual accounts 201620,7 k €↓
2015
Annual accounts 201523 k €↑
2014
Annual accounts 20145,4 k €↓
2013
Annual accounts 201311 k €↓
2012
Annual accounts 201213,9 k €
13/12/2010
IncorporationPrivate 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

CGEM

Overview

What does CGEM do?

Trend over 14 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