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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CITMS from Berlaar, company number BE0674502762, closed financial year 2025 with a result of € 48,760 after tax. For that financial year CITMS recorded a gross margin of € 132,787 and equity of € 68,866. Compared with financial year 2024, the result moved from € 16,934 to € 48,760. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 6, 2026.
€ 68,866
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48,760
▲ 188% vs 2024
Profit after tax over the fiscal year.
€ 37,217
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 35,167
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 448,258
▲ 1% vs 2024
€ 27,167 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 10,386
▲ € 7,805 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,439
▲ 137% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 105,698 | € 85,657 | € 115,486 | € 132,787 | ▲ 15% |
| Profit after taxes | € 69,019 | € 53,109 | € 16,934 | € 48,760 | ▲ 188% |
| Equity | € 20,063 | € 73,172 | € 90,106 | € 68,866 | ▼ 24% |
| Total debts | € 197,605 | € 159,684 | € 551,949 | € 634,896 | ▲ 15% |
| Cash | € 49,500 | € 62,178 | € 22,631 | € 37,217 | ▲ 64% |
| Land & buildings | € 77,852 | € 71,965 | € 511,699 | € 588,985 | ▲ 15% |
| Retained profit | € 1,463 | € 54,572 | € 71,506 | € 49,266 | ▼ 31% |
| Dividend | € 100,000 | € 0 | € 0 | € 70,000 | |
| Bank debt | € 1,240 | € 0 | € 444,339 | € 448,258 | ▲ 1% |
| Balance sheet total | € 217,668 | € 232,856 | € 642,055 | € 703,762 | ▲ 10% |
Key figures of CITMS, 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 CITMS?
What happened at CITMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 48,760 (▲ 188% vs 2024). filed late Source: NBB ↗
- New establishment in Berlaar. KBO
- Start of the company according to the CBE. KBO
In short
From € 69,019 profit in 2022 to € 48,760 profit in 2025.
Paid € 73,986 in corporate taxes since 2022.
Best year ever: 2022, with € 69,019 profit.
Paid out € 170,000 in dividends to the owners in total.
Management
Behind CITMS is Bart CARPELS.
Directors
According to the 2025 annual accounts
Bart CARPELS
Director
Establishments
Establishment units
Physical locations of this company
Welvaartstraat 106
2590 Berlaar
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0674.502.762
- VAT number
- BE 0674.502.762
- Registered office
- Welvaartstraat 106, 2590 Berlaar
- Names & denominations
- CITMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 2017
- Peppol
- Active · Active since 25 Dec 2025
- Activities · NACE
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