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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
CITRIEN from Ieper, company number BE0540850422, closed financial year 2024 with a result of € -6,967 after tax. For that financial year CITRIEN recorded a gross margin of € -8,378 and equity of € -23,445. Compared with financial year 2023, the result moved from € -7,047 to € -6,967. 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 July 4, 2025.
€ -23,445
▼ € 6,967 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,967
▲ 1 % less loss than in 2023
Profit after tax over the fiscal year.
€ 32
▼ 73% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -273,445.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 18,105
▲ 57% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 59,713 | € -8,258 | € -8,243 | € -8,378 | ▼ € 135 |
| Profit after taxes | € 55,415 | € -5,553 | € -7,047 | € -6,967 | ▲ € 80 |
| Equity | € -3,878 | € -9,431 | € -16,478 | € -23,445 | ▼ € 6,967 |
| Total debts | € 306,526 | € 313,021 | € 336,477 | € 24,931 | ▼ 93% |
| Cash | € 11,391 | € 140 | € 117 | € 32 | ▼ 73% |
| Retained profit | € -253,878 | € -259,431 | € -266,478 | € -273,445 | ▼ € 6,967 |
| Bank debt | € 0 | € 0 | € 324,915 | € 0 | ▼ 100% |
| Balance sheet total | € 302,648 | € 303,590 | € 319,999 | € 1,486 | ▼ € 318,513 |
Key figures of CITRIEN, 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 CITRIEN?
What happened at CITRIEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Gheysens stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 6,967. Source: NBB ↗
- Michael Gheysens stepped down as director. NBB
- Michael Gheysens became a director. NBB
- Paul Gheysens became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,415 profit in 2021 to € 6,967 loss in 2024.
Best year ever: 2021, with € 55,415 profit.
A new publication or filing at CITRIEN? 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
The stake of GHELAMCO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CITRIENThe shares are held by GHELAMCO INVEST (99.6%).
Directors
According to the 2024 annual accounts
Michael Gheysens
Director
Also active at: DOCK-SITE, Royal Antwerp Football club, R.H.R. - INDUSTRIES, GARAGE S.O.S., CARLTON RETAIL, GHELAMCO, GHELAMCO INVEST, SOGIMES +71 more
since 2023 · until 2025
Paul Gheysens
Managing director
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +73 more
since 2023 · until 2029
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 272,092 gross margin · 2024
GARAGE S.O.S. same network
€ -10,621 gross margin · 2024
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0540.850.422
- VAT number
- BE 0540.850.422
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- CITRIEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 October 2013
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van sociale woningen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen