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 54 % 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 0G from Oostkamp, company number BE0632450985, closed financial year 2025 with a result of € -359,946 after tax. For that financial year Citymesh 0G recorded a gross margin of € 366,995 and equity of € 741,032. Compared with financial year 2024, the result moved from € 1.1 million to € -359,946. 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 August 31, 2026.
€ 741,032
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -359,946
▼ still € 1.1 million profit in 2024
Profit after tax over the fiscal year.
€ 33,461
▲ € 26,278 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.1 million.
People and assets in 2025
2.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 345,388
▼ 17% vs 2024
€ 138,200 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.
€ 4,502
▲ € 3,722 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 350,008
Loans from banks and other lenders, long and short.
€ 637,852
▲ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 223,609
▲ 98% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 130,619 | € 429,061 | € 1,685,146 | € 366,995 | ▼ 78% |
| Profit after taxes | € -447,769 | € -33,866 | € 1,052,620 | € -359,946 | ▼ € 1.4 million |
| Equity | € 82,225 | € 48,358 | € 1,100,978 | € 741,032 | ▼ 33% |
| Total debts | € 2,059,989 | € 1,549,485 | € 1,403,368 | € 1,820,386 | ▲ 30% |
| Cash | € 24,720 | € 121,750 | € 7,183 | € 33,461 | ▲ € 26,278 |
| Retained profit | € -9,724,789 | € -9,758,655 | € -8,706,036 | € -9,065,981 | ▼ € 359,946 |
| Bank debt | € 490,000 | € 140,000 | € 350,000 | € 350,008 | |
| Balance sheet total | € 2,142,214 | € 1,597,844 | € 2,504,346 | € 2,561,418 | ▲ 2% |
| Employees (FTE) | 1 | 1 | 3 | 2.5 | ▼ 0.5 |
Key figures of Citymesh 0G, 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 0G?
What happened at Citymesh 0G in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Vreys stepped down as director. NBB
- Joeri Tranchet stepped down as director. NBB
- Mitch De Geest stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 359,946 (▼ € 1.4 million vs 2024). filed late Source: NBB ↗
- Luc Vreys became a director. NBB
- Joeri Tranchet became a director. NBB
- Mitch De Geest became a director. NBB
- New establishment in Leuven. KBO
In short
From € 447,769 loss in 2022 to € 359,946 loss in 2025.
Paid € 5,778 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
On average € 146,800 of value added per employee in 2025.
A new publication or filing at Citymesh 0G? 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 CITYMESH OPERATOR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Citymesh 0GThe shares are held by CITYMESH OPERATOR (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Luc Vreys
Director
Also active at: Citymesh Safety Drones, Citymesh Flex, Citymesh Critical Solutions, Citymesh Connect, EDPNET Belgium, VFM CONSULTING, TOWEREYE
since 2025 · until 2031
Mitch De Geest
Director
Also active at: CITYMESH OPERATOR, GHOST PROJECTS, Citymesh Flex, Citymesh Critical Solutions, Citymesh Connect, Citymesh Mobile, InSky, EDPNET Belgium +11 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Siemenslaan 13
8020 Oostkamp
Ambachtenlaan 7
3001 Leuven
Active since 17 November 2016
Simon Bolivarlaan 34
1000 Brussel
Active since 15 June 2015
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 OPERATOR same network
€ 1.3 million revenue · 2025
Citymesh Flex same network
€ 2.8 million gross margin · 2025
Citymesh Critical Solutions same network
€ 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
- 0632.450.985
- VAT number
- BE 0632.450.985
- Registered office
- Siemenslaan 13, 8020 Oostkamp
- Names & denominations
- Citymesh 0G
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Draadloze telecommunicatie
Groothandel in informatie- en communicatieapparatuur
Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan