Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
CITECO from Schaarbeek, company number BE0460976761, closed financial year 2025 with a result of € -9,570 after tax. For that financial year CITECO recorded a gross margin of € 1.5 million and equity of € 673,752. Compared with financial year 2024, the result moved from € -2,260 to € -9,570. 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 September 16, 2026.
€ 673,752
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,570
▼ 323 % more loss than in 2024
Profit after tax over the fiscal year.
€ 57,984
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
38.7
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 1% vs 2024
€ 35,300 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.
€ 18,685
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9,078
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 42,203
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 192,874
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 486,946 | € 542,976 | € 540,888 | - | |
| Gross margin | - | - | - | € 1,493,558 | |
| Profit after taxes | € 82,777 | € 55,804 | € -2,260 | € -9,570 | ▼ € 7,310 |
| Equity | € 608,660 | € 746,261 | € 714,195 | € 673,752 | ▼ 6% |
| Total debts | € 499,277 | € 362,258 | € 233,705 | € 289,548 | ▲ 24% |
| Cash | € 67,636 | € 53,446 | € 151,817 | € 57,984 | ▼ 62% |
| Land & buildings | € 250,303 | € 236,705 | € 223,109 | € 209,513 | ▼ 6% |
| Retained profit | € -25,584 | € 30,220 | € 27,960 | € 18,389 | ▼ 34% |
| Bank debt | € 84,469 | € 25,225 | € 9,620 | € 9,078 | ▼ 6% |
| Balance sheet total | € 1,162,054 | € 1,162,636 | € 1,002,018 | € 1,032,417 | ▲ 3% |
| Employees (FTE) | 37.8 | 39.1 | 39.7 | 38.7 | ▼ 1 |
Key figures of CITECO, 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 CITECO?
What happened at CITECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mélanie Mahaux stepped down as director. NBB
- Anne Van Thienen stepped down as director. NBB
- Didier Thiebaut stepped down as director. NBB
- Alain Herdies stepped down as director. NBB
- Jean-Marie Doumont stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9,570. filed late Source: NBB ↗
- Mélanie Mahaux became a director. NBB
- Anne Van Thienen became a director. NBB
In short
From € 82,777 profit in 2022 to € 9,570 loss in 2025.
Best year ever: 2022, with € 82,777 profit.
On average € 38,600 of value added per employee in 2025.
A new publication or filing at CITECO? We notify you, reason included.
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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
Mélanie Mahaux
Director
since 2026 · until 2029
since 2024 · until 2027
Anne Van Thienen
Director
since 2024 · until 2027
Alain Herdies
Director
Also active at: FEDERATION BRUXELLOISE DES ORGANISMES D'INSERTION SOCIOPROFESSIONNELLE ET D'ECONOMIE SOCIALE D'INSERTION, SCHAERBEEK ACTION EMPLOI
since 2024 · until 2027
Jean-Marie Doumont
Director
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Albert de Latourstraat 75
1030 Schaarbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.976.761
- VAT number
- BE 0460.976.761
- Registered office
- Albert de Latourstraat 75, 1030 Schaarbeek
- Names & denominations
- CITECO
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 22 May 1997
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Beschutte en sociale werkplaatsen
Beschutte werkplaatsen