Financials
Financial year 2024
City 25 from Gent, company number BE0420582102, closed financial year 2024 with a result of € 3.3 million after tax. For that financial year City 25 recorded a gross margin of € 5.5 million and equity of € 15.4 million. Compared with financial year 2023, the result moved from € 3.9 million to € 3.3 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2025.
€ 15.4 million
▲ 27% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.3 million
▼ 16% vs 2023
Profit after tax over the fiscal year.
€ 442,930
▼ 30% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 13.1 million.
People and assets in 2024
2
Average over the fiscal year, from the social balance sheet.
€ 82,131
▼ 1% vs 2023
€ 41,100 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.
€ 3,095
▼ 78% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.1 million
▼ 34% vs 2023
Loans from banks and other lenders, long and short.
€ 11,535
▼ 69% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 41,594
▼ 33% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,359,932 | € 2,602,172 | € 7,064,497 | € 5,519,119 | ▼ 22% |
| Profit after taxes | € 759,743 | € 917,240 | € 3,938,211 | € 3,326,150 | ▼ 16% |
| Equity | € 7,258,489 | € 8,175,728 | € 12,113,939 | € 15,440,089 | ▲ 27% |
| Total debts | € 4,959,500 | € 4,383,433 | € 3,137,651 | € 1,519,403 | ▼ 52% |
| Cash | € 299,797 | € 1,223,115 | € 631,969 | € 442,930 | ▼ 30% |
| Land & buildings | € 10,063,208 | € 9,755,352 | € 8,503,402 | € 7,856,718 | ▼ 8% |
| Retained profit | € 4,878,146 | € 5,795,386 | € 9,733,596 | € 13,059,746 | ▲ 34% |
| Bank debt | € 2,128,468 | € 1,789,555 | € 1,604,555 | € 1,064,925 | ▼ 34% |
| Balance sheet total | € 12,293,202 | € 12,628,110 | € 15,313,762 | € 17,014,618 | ▲ 11% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of City 25, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to City 25?
What happened at City 25 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 3.3 million (▼ 16% vs 2023). Source: NBB ↗
- Jean-Philippe de Mol became a director. NBB
- Anne Pascale de Mol became a director. NBB
- Olivier de Mol became a director. NBB
- Isabelle de Mol became a director. NBB
- Philippe de Mol became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 759,743 profit in 2021 to € 3.3 million profit in 2024.
Paid € 4.4 million in corporate taxes since 2021.
Best year ever: 2023, with € 3.9 million profit.
On average € 2.8 million of value added per employee in 2024.
Management
Behind City 25 are Anne Pascale de Mol, Olivier de Mol, Isabelle de Mol, Philippe de Mol and Jean-Philippe de Mol. Olivier de Mol is also behind JOLAN and ROLEOS.
Establishments
Establishment units
Physical locations of this company
Veldstraat 88A box 401
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →TOLEDA INVEST
€ 6.5 million gross margin · 2025
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€ 201,388 gross margin · 2025
QRF
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€ 1.6 million revenue · 2022
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0420.582.102
- VAT number
- BE 0420.582.102
- Registered office
- Veldstraat 88A bus 401, 9000 Gent
- Names & denominations
- City 25
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 1980
- Peppol
- Active · Active since 26 Nov 2025
- Contact
- qrf.be