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 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Citymesh Safety Drones from Sint-Truiden, company number BE0644634482, closed financial year 2024 with a result of € -1.3 million after tax. For that financial year Citymesh Safety Drones recorded a gross margin of € -318,253 and equity of € 3.3 million. Compared with financial year 2023, the result moved from € -549,264 to € -1.3 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2025.
€ 3.3 million
▲ 130% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▼ 128 % more loss than in 2023
Profit after tax over the fiscal year.
€ 70,482
▼ 65% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2024
9.6
▲ 7.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 582,993
▲ 278% vs 2023
€ 60,700 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.
€ 2.9 million
Of which on lease € 2.8 million.
Debts at end 2024
€ 3.3 million
▲ 116% vs 2023
€ 188,465 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 2.2 million
▼ 35% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 112,344
▲ 73% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 4,302 | € 1,280 | € -269,748 | € -318,253 | ▼ € 48,505 |
| Profit after taxes | € -5,398 | € -8,196 | € -549,264 | € -1,251,640 | ▼ € 702,375 |
| Equity | € 52,313 | € 44,117 | € 1,444,853 | € 3,329,397 | ▲ 130% |
| Total debts | € 16,262 | € 7,691 | € 4,986,525 | € 7,859,821 | ▲ 58% |
| Cash | € 17,618 | € 30,332 | € 201,564 | € 70,482 | ▼ 65% |
| Retained profit | € 2,313 | € -5,883 | € -281,798 | € -1,533,437 | ▼ € 1.3 million |
| Bank debt | € 0 | € 0 | € 1,547,700 | € 3,347,374 | ▲ 116% |
| Balance sheet total | € 68,574 | € 51,808 | € 6,431,377 | € 11,189,218 | ▲ 74% |
| Employees (FTE) | - | - | 2.3 | 9.6 | ▲ 7.3 |
Key figures of Citymesh Safety Drones, 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 Citymesh Safety Drones?
What happened at Citymesh Safety Drones in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mitch De Geest stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.3 million. Source: NBB ↗
- Joeri Tranchet became a director. NBB
- Luc Vreys became a director. NBB
- Mitch De Geest became a director. NBB
- New establishment in Oostkamp. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,398 loss in 2021 to € 1.3 million loss in 2024.
Paid € 1,085 in corporate taxes since 2021.
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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 Navigator comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Citymesh Safety DronesBehind Citymesh Safety Drones are Joeri Tranchet and Luc Vreys. The shares are held by Citymesh Navigator (93.5%).
Directors
According to the 2024 annual accounts
Joeri Tranchet
Director
since 2023
Luc Vreys
Director
Also active at: Citymesh 0G, Citymesh Flex, Citymesh Critical Solutions, Citymesh Connect, EDPNET Belgium, VFM CONSULTING, TOWEREYE
since 2023
Mitch De Geest
Director
since 2022 · until 2028
Shareholders
93.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lichtenberglaan 1090
3800 Sint-Truiden
Siemenslaan 13
8020 Oostkamp
Active since 18 December 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →InTouch Solutions
€ 1.4 million gross margin · 2025
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€ 141,593 gross margin · 2024
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€ 9,657 gross margin · 2024
Airobot
€ -61,698 gross margin · 2025
DRONEPORT
€ 1.2 million revenue · 2025
+11 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
- 0644.634.482
- VAT number
- BE 0644.634.482
- Registered office
- Lichtenberglaan 1090, 3800 Sint-Truiden
- Names & denominations
- Citymesh Safety Drones
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2015
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Draadloze telecommunicatie
Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie
Algemene elektrotechnische installatiewerken
Groothandel in informatie- en communicatieapparatuur
Overige telecommunicatie
Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan