Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Shrinking team NBB
FTE fell two years in a row, from 25.4 to 22.7.
Financials
Financial year 2025
Cité Serine from Schaarbeek, company number BE0458450407, closed financial year 2025 with a result of € -6,448 after tax. For that financial year Cité Serine recorded a gross margin of € 1.7 million and equity of € -1 million. Compared with financial year 2024, the result moved from € 23,927 to € -6,448. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ -1 million
▼ € 6,596 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,448
▼ still € 23,927 profit in 2024
Profit after tax over the fiscal year.
€ 264,013
▲ 134% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
22.7
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 3% vs 2024
€ 65,400 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.
€ 24,476
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.7 million
▲ 2% vs 2024
€ 116,017 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 87,204
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 192,526
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,314,380 | € 1,569,185 | € 1,691,225 | € 1,685,854 | |
| Profit after taxes | € -225,547 | € -62,795 | € 23,927 | € -6,448 | ▼ € 30,376 |
| Equity | € -969,668 | € -1,032,462 | € -1,008,535 | € -1,015,131 | ▼ € 6,596 |
| Total debts | € 4,299,713 | € 4,158,527 | € 4,197,876 | € 4,091,835 | ▼ 3% |
| Cash | € 56,372 | € 129,277 | € 112,953 | € 264,013 | ▲ 134% |
| Land & buildings | € 241,586 | € 226,773 | € 211,961 | € 197,148 | ▼ 7% |
| Retained profit | € -969,668 | € -1,032,462 | € -1,008,535 | € -1,015,131 | ▼ € 6,596 |
| Bank debt | € 3,217,813 | € 3,052,636 | € 3,672,616 | € 3,748,186 | ▲ 2% |
| Balance sheet total | € 3,330,045 | € 3,126,065 | € 3,189,341 | € 3,076,703 | ▼ 4% |
| Employees (FTE) | 24.2 | 25.4 | 22.8 | 22.7 | ▼ 0.1 |
Key figures of Cité Serine, 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 Cité Serine?
What happened at Cité Serine in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frédéric CHAUSSADE stepped down as director. NBB
- Anne CHAMPAGNE stepped down as director. NBB
- Pierre FONTAINE stepped down as director. NBB
- Karine DELEVOYE stepped down as director. NBB
- Philippe DEGRAVE stepped down as director. NBB
- Jean-Paul VAN VOOREN stepped down as director. NBB
- Michèle DUPIRE stepped down as director. NBB
- Jean Luc VACHIERY stepped down as director. NBB
In short
From € 225,547 loss in 2022 to € 6,448 loss in 2025.
Best year ever: 2024, with € 23,927 profit.
On average € 74,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Jean Luc VACHIERY
Director
· until 2030
Michèle DUPIRE
Director
· until 2031
Alain LE MOINE
Director
· until 2030
Frédéric CHAUSSADE
Trésorier
· until 2031
Anne CHAMPAGNE
Managing director
Also active at: Aremis, CONSULTING, MARKETING, MANAGEMENT, Gezondheidsinstellingen Brussel Bruxelles Institutions de Santé
· until 2031
· until 2031
Karine DELEVOYE
Vice-chairman of the board
· until 2031
Philippe DEGRAVE
Director
· until 2031
Jean-Paul VAN VOOREN
Chairman of the board
Also active at: Belgian Lung and Tuberculosis Association, Fonds des Affections Respiratoires, Aremis
· until 2031
Establishments
Establishment units
Physical locations of this company
Trooststraat 79-83
1030 Schaarbeek
Boondaalse Steenweg 390
1050 Elsene
Active since 15 April 1996
Landbouwersstraat 16
1040 Etterbeek
Active since 15 April 1996
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.450.407
- VAT number
- BE 0458.450.407
- Registered office
- Trooststraat 79-83, 1030 Schaarbeek
- Names & denominations
- Cité Serine · CITE SERINE
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 15 April 1996
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Overige maatschappelijke dienstverlening met huisvesting, neg
Overige maatschappelijke dienstverlening met huisvesting, n.e.g.