What does CITYRES do?

CITYRES is a property company in Gent. Private Limited, started on 27 November 1989, 1 establishment.

What is the address of CITYRES?

The registered office of CITYRES is located at Coupure 170, 9000 Gent.

Is CITYRES still active?

Yes. According to the CBE (29 October 2026) CITYRES is active, legal situation “Normale toestand”, started on 27 November 1989.

Is CITYRES registered on Peppol?

Yes, CITYRES is registered on the Peppol network with ID 0208:0439171656.

What is the enterprise number of CITYRES?

The enterprise number of CITYRES is BE0439171656.

When was CITYRES founded?

CITYRES was founded on 27 November 1989.

Who are the directors of CITYRES?

According to the 2025 annual accounts, the directors of CITYRES are: Joris Brantegem.

Is CITYRES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 November 1989; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did CITYRES make in 2025?

CITYRES recorded a loss after taxes of € 64,922 in financial year 2025.

What is the revenue of CITYRES?

As a small company, CITYRES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 79,799.

How many employees does CITYRES have?

According to the 2025 annual accounts, CITYRES has 0.8 full-time equivalents (FTE).

CITYRES (Private Limited) - Gent - BE0439171656

Dossier CITYRES, printed on 29 October 2026 from databakkes.be/en/0439171656/cityres. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

CITYRES from Gent, company number BE0439171656, closed financial year 2025 with a result of € -64,922 after tax. For that financial year CITYRES recorded a gross margin of € 79,799 and equity of € 783,249. Compared with financial year 2024, the result moved from € 290,256 to € -64,922. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.

What it is worth Healthy

€ 783,249

▼ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -64,922

▼ still € 290,256 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 64,590

▲ 13% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 8,249.

People and assets in 2025

Full-time equivalents

0.8

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 8,427

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 7,907

▲ 35% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 1.7 million

▼ 18% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 11,672

▼ 22% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 7,889

▼ 89% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 681,059 Gross margin 2022: € 681,059 First fiscal year in the series	€ 415,594 Gross margin 2023: € 415,594 ▼ 39% vs 2022 (€ 681,059) Unfavourable step	€ 434,556 Gross margin 2024: € 434,556 ▲ 5% vs 2023 (€ 415,594) Favourable step	€ 79,799 Gross margin 2025: € 79,799 ▼ 82% vs 2024 (€ 434,556) Unfavourable step	▼ 82%
Profit after taxes	€ 556,032 Profit after taxes 2022: € 556,032 First fiscal year in the series	€ 288,850 Profit after taxes 2023: € 288,850 ▼ 48% vs 2022 (€ 556,032) Unfavourable step	€ 290,256 Profit after taxes 2024: € 290,256 Unchanged (€ 288,850) Favourable step	€ -64,922 Profit after taxes 2025: € -64,922 ▼ € 355,178 vs 2024 (€ 290,256) Unfavourable step	▼ € 355,178
Equity	€ 269,066 Equity 2022: € 269,066 First fiscal year in the series	€ 557,916 Equity 2023: € 557,916 ▲ 107% vs 2022 (€ 269,066) Favourable step	€ 848,172 Equity 2024: € 848,172 ▲ 52% vs 2023 (€ 557,916) Favourable step	€ 783,249 Equity 2025: € 783,249 ▼ 8% vs 2024 (€ 848,172) Unfavourable step	▼ 8%
Total debts	€ 2,465,860 Total debts 2022: € 2,465,860 First fiscal year in the series	€ 2,543,106 Total debts 2023: € 2,543,106 ▲ 3% vs 2022 (€ 2,465,860) Unfavourable step	€ 2,211,657 Total debts 2024: € 2,211,657 ▼ 13% vs 2023 (€ 2,543,106) Favourable step	€ 1,873,657 Total debts 2025: € 1,873,657 ▼ 15% vs 2024 (€ 2,211,657) Favourable step	▼ 15%
Cash	€ 16,192 Cash 2022: € 16,192 First fiscal year in the series	€ 86,674 Cash 2023: € 86,674 ▲ € 70,482 vs 2022 (€ 16,192) Favourable step	€ 57,293 Cash 2024: € 57,293 ▼ 34% vs 2023 (€ 86,674) Unfavourable step	€ 64,590 Cash 2025: € 64,590 ▲ 13% vs 2024 (€ 57,293) Favourable step	▲ 13%
Land & buildings	€ 2,624,760 Land & buildings 2022: € 2,624,760 First fiscal year in the series	€ 2,513,295 Land & buildings 2023: € 2,513,295 ▼ 4% vs 2022 (€ 2,624,760) Unchanged	€ 2,423,594 Land & buildings 2024: € 2,423,594 ▼ 4% vs 2023 (€ 2,513,295) Unchanged	€ 2,534,133 Land & buildings 2025: € 2,534,133 ▲ 5% vs 2024 (€ 2,423,594) Unchanged	▲ 5%
Retained profit	€ -505,934 Retained profit 2022: € -505,934 First fiscal year in the series	€ -217,084 Retained profit 2023: € -217,084 ▲ € 288,850 vs 2022 (€ -505,934) Favourable step	€ 73,172 Retained profit 2024: € 73,172 ▲ € 290,256 vs 2023 (€ -217,084) Favourable step	€ 8,249 Retained profit 2025: € 8,249 ▼ 89% vs 2024 (€ 73,172) Unfavourable step	▼ 89%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 2,500,556 Bank debt 2023: € 2,500,556 Unchanged (€ 0) Unfavourable step	€ 2,125,104 Bank debt 2024: € 2,125,104 ▼ 15% vs 2023 (€ 2,500,556) Favourable step	€ 1,749,000 Bank debt 2025: € 1,749,000 ▼ 18% vs 2024 (€ 2,125,104) Favourable step	▼ 18%
Balance sheet total	€ 2,734,926 Balance sheet total 2022: € 2,734,926 First fiscal year in the series	€ 3,101,022 Balance sheet total 2023: € 3,101,022 ▲ 13% vs 2022 (€ 2,734,926) Unchanged	€ 3,059,829 Balance sheet total 2024: € 3,059,829 ▼ 1% vs 2023 (€ 3,101,022) Unchanged	€ 2,656,906 Balance sheet total 2025: € 2,656,906 ▼ 13% vs 2024 (€ 3,059,829) Unchanged	▼ 13%
Employees (FTE)	-	-	-	0.8 Employees (FTE) 2025: 0.8 First fiscal year in the series

Key figures of CITYRES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to CITYRES?

What happened at CITYRES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 17, 2026 New annual accounts for financial year 2025: loss of € 64,922 (▼ € 355,178 vs 2024). Source: NBB ↗
Nov 27, 1989 New establishment in Gent. KBO
Nov 27, 1989 Start of the company according to the CBE. KBO

In short

From € 556,032 profit in 2022 to € 64,922 loss in 2025.

Paid € 1,814 in corporate taxes since 2022.

Best year ever: 2022, with € 556,032 profit.

Original PDFs at the National Bank ↗

Management

Sobradis NV 100%

Joris Brantegem 0%

CITYRES

Behind CITYRES is Joris Brantegem. The shares are held by Sobradis NV (100%) and Joris Brantegem (0%).

Directors

According to the 2025 annual accounts

Joris Brantegem

Director

Owns 0% directly

Also active at: Zabra Business Units, SOBRADIS, SOBRADIS VENTURES, ZABRA REAL ESTATE, SOBRIMMO, STUDENTS@GENT, "IMMO PÉAGE", IMMO CAUWERBURG +3 more

Shareholders

Sobradis NV

100%

Joris Brantegem · director

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Coupure 170

9000 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

Stichting Administratiekantoor Brassursquare

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0439.171.656
VAT number: BE 0439.171.656
Registered office: Coupure 170, 9000 Gent
Names & denominations: CITYRES
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 27 November 1989
Peppol: Active · Active since 7 Aug 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗