Financials
- Financial year
- 2025
- Turnover
- €24.1m
- Loss
- -€7.2m
- Solvency
- 12.8%
Turnover▲ 35.3%
Net result
20232025
CITYMESH INTEGRATOR
ActiveSummary
The annual accounts of CITYMESH INTEGRATOR for financial year 2025 show a net loss of 84% of the equity at the start of that year. The 2025 annual accounts show equity of €7.4m and a net result of -€7.2m. Equity is growing by about 56% per year across the filed financial years. Its solvency ranks better than 26% of 1,656 sector peers (NACE 62, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Computer consultancy and computer facilities management
NACE 62200
Largest company by total assets in Oostkamp, Telecoms and IT sector1 site
Size
€24.1mturnover 2025
- Staff
- 64.9 FTE
- Equity
- €7.4m
- Loss
- -€7.2m
Structure
- Parent
- Citymesh Holding · 100%
- Board
- 5 members
- Holdings
- 1
Auditor: EY Bedrijfsrevisoren BVAccounts filed 41 days late
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 1.19, cash €325,693Loss of €7.2m, the second in a row (financial year 2025)Equity €7.4m (12.8% of total assets)Latest accounts 41 days late; 1 of the last 3 lateShow the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 25% of its sector peers (NACE 62, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
38-7
equity 12.8% of total assets
Liquidity
21-9
short-term debt 56.9% · cash 0.6%
Profitability
2-2
return on assets -12.5%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 1.0%▲ +0.1 percentage points vs 08-2026
10-2026: 1.2%▲ +0.2 percentage points vs 09-2026highest value
Credit of up to €390,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.19, compared with 1.43 in 2024; short-term debt: 56.9% and cash: 0.6% of total assets), and 87.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized): better than 19% on solvency, 21% on liquidity, 7% on profitability and 54% on growth.
The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7.2m
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 days late
2024
9 days early
2023
2 days early
2022
5 days early
2021
11 days early
2020
26 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · RestructuringMerger
- MiscellaneousMerger · Shareholding · Accounting…
Key points
- Risk: 5 loss-making years in a rowloss financial year 2025 -€7.2m View
- Caution: Among the weakest 5% on net resultsector median €36,859 · 1,657 companies -€7.2m View
- Caution: Result fell in 2025from -€4.3m to -€7.2m ▼ 67.9% View
- 2 restructurings in 2026latest: merger with Citymesh Critical Solutions 2 View
- Controlled by Citymesh Holdingthe company in turn controls 1 companies 100% View
- EU supportawarded from 2022 to 2025 €5.2m View
- Directors leftlatest change 05-05-2026 · 5 in office 2 left View
By topic
Board & ownership
- Board
- 5 members
- Parent
- Citymesh Holding · 100%
- Auditor
- EY Bedrijfsrevisoren BV
- ID&DDirector
- KELCHTERMANS Ludo EnkDirector
- SOFINDirector
- TOVIDirector
- KELCHTERMANS Ludo ErikDirector
Network & group
- Subsidiaries
- 1
- Connected companies
- 81
- Mergers and asset contributions
- 7
1 subsidiary
Timeline
- Events
- 65
- Since
- 2006
- Next accounts
- by 31-07-2027
- 09-06-2026Miscellaneous
- 05-05-2026Resignation: MARCOFIN BV (director)
- 27-01-2026Resignation: DEBUTO BV (director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Founded
- 02-06-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 7
- Purpose
- “De vennootschap heeft tot voorwerp: I.VOOR EIGEN REKENING, VOOR REKENING VAN DERDEN OF IN…” (deed in Dutch)
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