Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
CITY STORE from Dison, company number BE0664648849, closed financial year 2023 with a result of € 996 after tax. For that financial year CITY STORE recorded a gross margin of € 55,952 and equity of € 3,314. Compared with financial year 2022, the result moved from € 17,643 to € 996. The company is profitable. 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 August 20, 2024.
€ 3,314
▲ 43% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 996
▼ 94% vs 2022
Profit after tax over the fiscal year.
€ 3,458
▲ € 2,854 vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -2,886.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 26,143
▲ 276% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,028
▼ 27% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 107,995
▼ 4% vs 2022
€ 2,868 is repaid this year. At this pace the long-term loan is gone in ≈ 38 years.
€ 47,408
▲ 202% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 33,784
▲ € 30,613 vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 15,213 | € 47,942 | € 55,952 | ▲ 17% |
| Profit after taxes | € 3,642 | € 17,643 | € 996 | ▼ 94% |
| Equity | € -15,324 | € 2,318 | € 3,314 | ▲ 43% |
| Total debts | € 185,834 | € 181,056 | € 205,618 | ▲ 14% |
| Cash | € 9,314 | € 604 | € 3,458 | ▲ € 2,854 |
| Land & buildings | € 109,439 | € 106,139 | € 102,840 | ▼ 3% |
| Retained profit | € -21,524 | € -3,882 | € -2,886 | ▲ € 996 |
| Bank debt | € 108,142 | € 112,676 | € 107,995 | ▼ 4% |
| Balance sheet total | € 170,510 | € 183,374 | € 208,932 | ▲ 14% |
Key figures of CITY STORE, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to CITY STORE?
What happened at CITY STORE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CITY STORE is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 996 (▼ 94% vs 2022). filed late Source: NBB ↗
- New establishment in Spa. KBO
- New establishment in Verviers. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,642 profit in 2021 to € 996 profit in 2023.
Paid € 3,161 in corporate taxes since 2021.
Best year ever: 2022, with € 17,643 profit.
Management
Behind CITY STORE is TAREK AZZOUZI.
Directors
According to the 2023 annual accounts
TAREK AZZOUZI
Director
Establishments
Establishment units
Physical locations of this company
Rue des Ecoles 1
4820 Dison
Rue Xhavée 49
4800 Verviers
Active since 1 November 2016
Rue Royale 15
4900 Spa
Active since 18 November 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0664.648.849
- VAT number
- BE 0664.648.849
- Registered office
- Rue des Ecoles 1, 4820 Dison
- Names & denominations
- CITY STORE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 14 October 2016
- Peppol
- Not registered
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