Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
CITRIBEL from Tienen, company number BE0400934652, closed financial year 2025 with a result of € -8.2 million after tax. For that financial year CITRIBEL recorded revenue of € 91.8 million and equity of € 78.1 million. Compared with financial year 2024, the result moved from € -20.8 million to € -8.2 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 24, 2026.
€ 78.1 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.2 million
▲ 61 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.5 million
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 63 million.
People and assets in 2025
338.8
▼ 15 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 33.4 million
€ 98,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10.5 million
▼ 6% vs 2024
Of which on lease € 10.2 million.
Debts at end 2025
€ 6.4 million
▼ 22% vs 2024
€ 2.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 11.1 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 7.5 million
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 134,861,493 | € 319,769,999 | € 107,962,996 | € 91,803,021 | ▼ 15% |
| Profit after taxes | € 10,168,337 | € 58,262,996 | € -20,811,618 | € -8,197,634 | ▲ € 12.6 million |
| Equity | € 48,991,581 | € 107,254,577 | € 86,342,959 | € 78,145,325 | ▼ 9% |
| Total debts | € 52,986,797 | € 33,699,885 | € 29,012,801 | € 26,139,138 | ▼ 10% |
| Cash | € 1,122,055 | € 6,662,478 | € 10,335,528 | € 2,455,924 | ▼ 76% |
| Land & buildings | € 3,033,165 | € 2,511,873 | € 2,295,905 | € 2,105,337 | ▼ 8% |
| Retained profit | € 33,882,438 | € 92,145,434 | € 71,233,816 | € 63,036,182 | ▼ 12% |
| Dividend | € 0 | € 0 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 30,538,916 | € 9,674,932 | € 8,141,470 | € 6,389,266 | ▼ 22% |
| Balance sheet total | € 102,170,830 | € 148,277,691 | € 122,245,375 | € 110,823,540 | ▼ 9% |
| Employees (FTE) | 340.2 | 351.4 | 353.8 | 338.8 | ▼ 15 |
Key figures of CITRIBEL, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CITRIBEL?
What happened at CITRIBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lavolpe BV stepped down as director. NBB
- Brandaan Mombaers stepped down as director. NBB
- Johan Volckaerts stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 8.2 million. Source: NBB ↗
- Lavolpe BV became a director. NBB
- Brandaan Mombaers became a director. NBB
- Johan Volckaerts became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10.2 million profit in 2021 to € 8.2 million loss in 2025.
Paid € 17.2 million in corporate taxes since 2021.
Best year ever: 2023, with € 58.3 million profit.
Paid out € 100,000 in dividends to the owners in total.
Management
The shares are held by SARL CLEMA CAPITAL (80%), Maria (Maayke) De Vil (5%), Sylvia Gilis (5%), Wim Vandenbrande (5%) and Brandaan Mombaers (5%).
Directors
According to the 2025 annual accounts
Brandaan Mombaers
Director
since 2020 · until 2027
Managing director
since 2023 · until 2029
since 2020 · until 2027
Shareholders
SARL CLEMA CAPITAL
80%
Maria (Maayke) De Vil
5%
Sylvia Gilis
5%
Wim Vandenbrande
5%
Brandaan Mombaers
5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pastorijstraat 249
3300 Tienen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.934.652
- VAT number
- BE 0400.934.652
- Registered office
- Pastorijstraat 249, 3300 Tienen
- Names & denominations
- CITRIBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 1929
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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