Checked.be
Active
BE 0460.976.761Non-profit association
CITECO
Albert de Latourstraat 75 ·1030 Schaarbeek, Belgium· 29 yrs active
Sector: Social work activities without accommodation
(88993)
Conclusion
CITECO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €714k and a net result of €-2k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €714k |
| Net result | €-2k |
| Staff (FTE) | 39.7 |
| Better than sector | 67% |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
34
Solvency
95
Growth
77
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
78
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€55k
estimate, not credit advice
Score history
76
2020
100
2021
100
2022
94
2023
78
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.76 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.69 (≥ 1.0)
+5
Leverage
Debt/equity 0.33 (< 1.0)
+10
Profitability
Negatieve ROE 0%
-10
EBITDA margin
EBITDA-marge 16% (≥ 10%)
+8
Interest coverage
Interest coverage 84.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 13-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~22.5%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 88, Social work activities without accommodation · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.3% | 60.3% | |
| Net result | €-2k | €65k | |
| Equity | €714k | €1.19M | |
| Staff costs | €1.35M | €1.73M | |
| Employees (FTE) | 39.7 | 29.2 |
€541k
-0.4%
20-24
€86k
-37.8%
20-24
€-2k
-
20-24
€85k
-37.5%
20-24
€1.00M
-13.8%
20-24
€714k
-4.3%
20-24
€168k
-11.7%
20-24
40
+1.5%
20-24
€1.35M
+7.1%
20-24
€0
-
20-24
€234k
-35.5%
20-24
€222k
-24.4%
20-24
€11k
-83.9%
20-24
1.76
+6.6%
20-24
1.69
+6.3%
20-24
71.3%
+11.0%
20-24
0.33
-32.6%
20-24
-0.3%
-
20-24
-0.2%
-
20-24
-0.4%
-
20-24
15.8%
-37.6%
20-24
84.24
+31.0%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | €541k | €543k | €487k | €446k | €336k |
| EBITDA | €86k | €138k | €150k | €119k | €69k |
| Net profit | €-2k | €56k | €83k | €62k | €-170k |
| Cash flow | €85k | €136k | €147k | €116k | €-126k |
| Staff costs | €1.35M | €1.26M | €1.15M | €1.03M | - |
| Income taxes | - | - | - | - | €0 |
| Dividends | - | - | - | - | - |
| Total assets | €1.00M | €1.16M | €1.16M | €914k | €733k |
| Equity | €714k | €746k | €609k | €497k | €339k |
| Debt | €234k | €362k | €499k | €359k | €360k |
| of which ≤ 1y | €222k | €293k | €362k | €263k | €241k |
| of which > 1y | €11k | €68k | €93k | €97k | €92k |
| Working capital | €168k | €190k | €181k | €179k | €89k |
| Employees (FTE) | 39.7 | 39.1 | 37.8 | 38.3 | 37.5 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.76 | 1.65 | 1.50 | 1.68 | 1.37 |
| Quick ratio | 1.69 | 1.59 | 1.45 | 1.64 | 1.34 |
| Working capital ratio | 16.8% | 16.3% | 15.6% | 19.6% | 12.2% |
| Solvency | 71.3% | 64.2% | 52.4% | 54.4% | 46.3% |
| Debt / equity | 0.33 | 0.49 | 0.82 | 0.72 | 0.27 |
| Long-term debt ratio | 0.02 | 0.09 | 0.15 | 0.19 | 0.27 |
| Interest coverage | 84.24 | 64.31 | 4998.20 | 1979.80 | 675.36 |
| Gross margin | 90.8% | 92.4% | 91.0% | 89.4% | - |
| Net margin | -0.4% | 10.3% | 17.0% | 13.8% | -50.5% |
| ROA | -0.2% | 4.8% | 7.1% | 6.7% | -23.2% |
| ROE | -0.3% | 7.5% | 13.6% | 12.4% | -50.1% |
| EBITDA margin | 15.8% | 25.3% | 30.8% | 26.6% | 20.6% |
| Days sales outstanding | 64d | 68d | 124d | 79d | 55d |
| Days payable outstanding | 214d | 668d | 699d | 300d | - |
| Inventory turnover | 3.56 | 2.54 | 2.62 | 4.46 | - |
| Days inventory (DSI) | 103d | 144d | 139d | 82d | - |
Balance-sheet composition 2024
Full annual accounts (28 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.00M | €1.16M | €1.16M | €914k | €733k |
| Fixed assets | 21/28 | €612k | €679k | €619k | €472k | €403k |
| Formation expenses | 20 | - | - | - | - | €0 |
| Intangible fixed assets | 21 | - | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €607k | €673k | €614k | €467k | €402k |
| Financial fixed assets | 28 | €6k | €6k | €5k | €5k | €600 |
| Current assets | 29/58 | €390k | €483k | €543k | €442k | €330k |
| Stocks & contracts in progress | 3 | €14k | €16k | €17k | €11k | €9k |
| Amounts receivable within one year | 40/41 | €194k | €366k | €350k | €200k | €51k |
| Investments | 50/53 | €30k | €30k | €95k | €95k | €95k |
| Cash & bank | 54/58 | €152k | €53k | €68k | €108k | €175k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.00M | €1.16M | €1.16M | €914k | €733k |
| Equity | 10/15 | €714k | €746k | €609k | €497k | €339k |
| Contributions / capital | 10/11 | €159k | €159k | €159k | - | - |
| Accumulated profits (losses) | 14 | €28k | €30k | €-26k | €-108k | €-170k |
| Provisions & deferred taxes | 16 | €54k | €54k | €54k | €57k | €34k |
| Amounts payable | 17/49 | €234k | €362k | €499k | €359k | €360k |
| Amounts payable after one year | 17 | €11k | €68k | €93k | €97k | €92k |
| Amounts payable within one year | 42/48 | €222k | €293k | €362k | €263k | €241k |
| Trade debts payable within one year | 44 | €29k | €75k | €84k | €39k | €7k |
| Income statement | ||||||
| Turnover | 70 | €541k | €543k | €487k | €446k | €336k |
| Operating result | 9901 | €-2k | €57k | €86k | €64k | €25k |
| Financial income | 75 | €433 | €602 | - | €36 | €77 |
| Financial charges | 65 | €1k | €2k | €3k | €2k | €1k |
| Result before taxes | 9903 | €-2k | €56k | €83k | €62k | €24k |
| Income taxes | 67/77 | - | - | - | - | €0 |
| Net result for the period | 9904 | €-2k | €56k | €83k | €62k | €24k |
| Result to be appropriated | 9905 | €-2k | €56k | €83k | €62k | €24k |
Directors & mandates
Current directors & mandates
-
Anne VAN THIENENDirectorState Gazette act 25005965 (13-01-2025)Current13-01-2025 → present
-
Alain HerdiesDirectorState Gazette act 24132520 (11-09-2024)Current05-10-2018 → present
3 events
- 11-09-2024 Appointed· Director
- 13-10-2021 Appointed· Director
- 05-10-2018 Appointed· Director
-
Didier ThiebautDirectorState Gazette act 21122144 (13-10-2021)Current27-07-2017 → present
2 events
- 13-10-2021 Appointed· Director
- 27-07-2017 Appointed· Director
-
Bernadette OttoDirectorState Gazette act 21122144 (13-10-2021)Current17-08-2009 → present
3 events
- 13-10-2021 Appointed· Director
- 05-10-2018 Appointed· Director
- 17-08-2009 Appointed· Director
-
Jean-Marie DoumontDirectorState Gazette act 24132520 (11-09-2024)Current17-08-2009 → present
4 events
- 11-09-2024 Appointed· Director
- 13-10-2021 Appointed· Director
- 05-10-2018 Appointed· Chair
- 17-08-2009 Appointed· Director
-
Jeanne-Françoise CrahayDirectorState Gazette act 21122144 (13-10-2021)Current17-08-2009 → present
3 events
- 13-10-2021 Appointed· Director
- 05-10-2018 Appointed· Director
- 17-08-2009 Appointed· Director
Former directors (2)
-
Pierre GerardDirectorState Gazette act 09117643 (17-08-2009)Former- → 17-08-2009
-
Père André OrbánDirectorState Gazette act 09117643 (17-08-2009)Former- → 17-08-2009
Statutory auditor
| DGST Commissaire réviseur | 05-10-2018 → 05-10-2018 |
Show 1 earlier auditors
| Marie-Chantal Debroux - Leddet Commissaire réviseur succeeded by DGST in 2018 | 17-08-2009 → 05-10-2018 |
Legal Structure
| NACE primary | Social work activities without accommodation(88993) |
| Legal form | Non-profit association(017) |
| Incorporation | 22-05-1997 |
| Status | Active |
| Postal code | 1030 |
Establishment units
ONA ENTREPRISE
since 20052.150.606.695
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0042/00H008 | Brussels | 925 m² | 1 · 92 m² | 13.9 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
13-01
State Gazette act
Director changes
v3.2
2024
11-09
State Gazette act
Director changes
v3.2
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €83k ▲34.3%
Operating result €86k, net result €83k, both a record.
31-12
Financial
Equity above €500kEq €609k ▲22.4%
2 profitable years in a row build equity to €609k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
13-10
State Gazette act
Director changes
v3.2
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-08
State Gazette act
Director changes
v3.2
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-10
State Gazette act
Director changes
v3.2
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
State Gazette act
Director changes
v3.2
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
20-08
State Gazette act
Director changes
v3.2
17-03
State Gazette act
Statutes amendment
v3.2
2009
17-08
State Gazette act
Director changes
v3.2
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 9
updated 1 year ago
2025
13-01-2025 Anne VAN THIENEN appointed as director
- Anne VAN THIENEN, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
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"role": "administrateur",
"person": {
"rrn": null,
"name": "Anne VAN THIENEN",
"address": null,
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}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "CITECO"
}
}2024
11-09-2024 2 directors appointed
- Alain Herdies, Bestuurder
- Jean-Marie Doumont, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur",
"person": {
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"name": "Alain Herdies",
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},
{
"kind": "director_in",
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],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
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}
}2021
13-10-2021 5 directors appointed
- Jean-Marie Doumont, Bestuurder
- Jeanne-Françoise Crahay, Bestuurder
- Bernadette Otto, Bestuurder
- Alain Herdies, Bestuurder
- Didier Thiebaut, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
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"kind": "director_in",
"role": "administrateur",
"person": {
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"name": "Jean-Marie Doumont",
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},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Jeanne-Fran\u00E7oise Crahay",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
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"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Alain Herdies",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Didier Thiebaut",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "CITECO"
}
}2020
03-08-2020 Change in the board of directors
Summary:
v3.2
Technical details
{
"events": [],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "Citeco"
}
}2018
05-10-2018 5 directors appointed
- Alain Herdies, Bestuurder
- Jean-Marie Doumont, Voorzitter
- Bernadette Otto, Bestuurder
- Jeanne-Françoise Crahay, Bestuurder
- DGST, Commissaire réviseur
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "Administrateur",
"person": {
"rrn": null,
"name": "Alain Herdies",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "Pr\u00E9sident",
"person": {
"rrn": null,
"name": "Jean-Marie Doumont",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "Administrateur",
"person": {
"rrn": null,
"name": "Bernadette Otto",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "Administrateur",
"person": {
"rrn": null,
"name": "Jeanne-Fran\u00E7oise Crahay",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "Commissaire r\u00E9viseur",
"person": {
"rrn": null,
"name": "DGST",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "CITECO"
}
}2017
27-07-2017 Didier THIEBAUT appointed as director
- Didier THIEBAUT, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Didier THIEBAUT",
"address": null,
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}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "CITECO"
}
}2015
20-08-2015 Change in the board of directors
Summary:
v3.2
Technical details
{
"events": [],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "CITECO"
}
}17-03-2015 Articles of association amended
Summary:
v3.2
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "CITECO",
"old": "ONA Entreprise",
"changed": true
},
"seat_change": {
"changed": false
},
"object_change": {
"changed": false
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "ONA Entreprise"
},
"legal_form_change": {
"new": "ASBL",
"old": "ASBL",
"changed": false
}
}2009
17-08-2009 4 directors appointed, 2 resigning
- Jean-Marie Doumont, Bestuurder
- Bernadette Otto, Bestuurder
- Jeanne-Françoise Crahay, Bestuurder
- Marie-Chantal Debroux - Leddet, Commissaire réviseur
- Pierre Gerard, Bestuurder
- Père André Orbán, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Jean-Marie Doumont",
"address": null,
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}
},
{
"kind": "director_in",
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"person": {
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"name": "Bernadette Otto",
"address": null,
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}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Jeanne-Fran\u00E7oise Crahay",
"address": null,
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}
},
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Pierre Gerard",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "P\u00E8re Andr\u00E9 Orb\u00E1n",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "commissaire r\u00E9viseur",
"person": {
"rrn": null,
"name": "Marie-Chantal Debroux - Leddet",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0460.976.761",
"name_full": "ONA Entreprise"
}
}Credit advice
Company registry (CBE)
Activities
85322Social work activities without accommodation88993
Names & trade names
| Legal nameFR | CITECO |
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