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.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CITYMESH OPERATOR from Oostkamp, company number BE0560806587, closed financial year 2025 with a result of € -2 million after tax. For that financial year CITYMESH OPERATOR recorded revenue of € 1.3 million and equity of € 706,406. Compared with financial year 2024, the result moved from € -1.3 million to € -2 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 8, 2026.
€ 706,406
▲ € 1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ 48 % more loss than in 2024
Profit after tax over the fiscal year.
€ 114,327
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
Debts at end 2025
€ 25.1 million
▼ 19% vs 2024
€ 118,522 is repaid this year. At this pace the long-term loan is gone in ≈ 209 years.
€ 195,909
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 50,400
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 1,559,661 | € 1,310,550 | ▼ 16% |
| Gross margin | € -272,896 | - | - | - | |
| Profit after taxes | € -236,999 | € -1,303,853 | € -1,344,221 | € -1,984,306 | ▼ € 640,085 |
| Equity | € 2,426,409 | € 1,110,265 | € -309,288 | € 706,406 | ▲ € 1 million |
| Total debts | € 2,865,440 | € 45,092,655 | € 35,429,316 | € 40,008,993 | ▲ 13% |
| Cash | € 8,856 | € 137,914 | € 234,536 | € 114,327 | ▼ 51% |
| Retained profit | € -482,611 | € -1,784,682 | € -3,128,903 | € -1,984,269 | ▲ € 1.1 million |
| Bank debt | € 1,520,743 | € 42,068,186 | € 31,028,025 | € 25,115,485 | ▼ 19% |
| Balance sheet total | € 5,291,848 | € 46,202,920 | € 35,120,028 | € 40,715,399 | ▲ 16% |
Key figures of CITYMESH OPERATOR, 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 CITYMESH OPERATOR?
What happened at CITYMESH OPERATOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tovi BV stepped down as director. NBB
- Slice BV stepped down as director. NBB
- Ansa NV stepped down as director. NBB
- Ghost Consulting BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million. filed late Source: NBB ↗
- Ludo Kelchtermans stepped down as director. NBB
- Tovi BV became a director. NBB
- Slice BV became a director. NBB
In short
From € 236,999 loss in 2022 to € 2 million loss in 2025.
Paid € 621 in corporate taxes since 2022.
Pays suppliers within 55 days on average.
A new publication or filing at CITYMESH OPERATOR? 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 GREENFOX, NUHMA DC, VFM CONSULTING, SOFTPLAN, WISCON, Slice comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CITYMESH OPERATORThe shares are held by Citymesh Holding (100%), GREENFOX (76.7%), NUHMA DC (10%), VFM CONSULTING (0.9%), SOFTPLAN (0.7%) and WISCON (0.7%). It owns 100% of Citymesh 0G, 100% of Citymesh, 100% of EDPNET Belgium and 100% of Citymesh Connect itself.
Directors
According to the 2025 annual accounts
Director · represented by Knaepen Tom
Also active at: CEGEKA GROEP, CEGEKA HEALTH CARE, Cegeka Holding, Citymesh Mobile, InSky, DIGI Communications Belgium, CITYMESH INTEGRATOR, CEGEKA +2 more
since 2025 · until 2031
Ludo Kelchtermans
Director
since 2020 · until 2026
Director · represented by Tranchet Joeri
Owns 0.3% via Citymesh Holding
Also active at: Citymesh Holding, Citymesh DIGI Holding
since 2025 · until 2031
Director · represented by Knaepen André
Owns 38.4% via Citymesh Holding
Also active at: CEGEKA GROEP, Cegeka Holding, Citymesh Holding, Citymesh DIGI Holding
since 2025 · until 2031
Director · represented by Mitch De Geest
Owns 1.5% via Citymesh Holding
Also active at: Citymesh Flex, GREENFOX, Citymesh Mobile, InSky, EDPNET Belgium, DIGI Communications Belgium, QUEST COMPUTERS, Citymesh Air +2 more
since 2025 · until 2031
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Siemenslaan 13
8020 Oostkamp
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Citymesh 0G same network
€ 366,995 gross margin · 2025
Citymesh Flex same network
€ 2.8 million gross margin · 2025
Citymesh Critical Solutions
€ 993,073 gross margin · 2025
Citymesh Connect same network
€ -471,487 gross margin · 2025
Citymesh Group
+8 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
- 0560.806.587
- VAT number
- BE 0560.806.587
- Registered office
- Siemenslaan 13, 8020 Oostkamp
- Names & denominations
- CITYMESH OPERATOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2014
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
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Draadloze telecommunicatie
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