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.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Citymesh Connect from Oostkamp, company number BE0712645340, closed financial year 2025 with a result of € -1.8 million after tax. For that financial year Citymesh Connect recorded a gross margin of € -471,487 and equity of € 5.7 million. Compared with financial year 2024, the result moved from € -2.1 million to € -1.8 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 5.7 million
▲ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
€ 42,992
▲ € 32,768 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
15.2
▲ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 65% vs 2024
€ 80,700 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.
€ 1,988
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 229,041
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -255,952 | € -1,294,133 | € 508,674 | € -471,487 | ▼ € 980,161 |
| Profit after taxes | € -264,866 | € -1,647,589 | € -2,103,840 | € -1,819,040 | ▲ € 284,801 |
| Equity | € -1,660,972 | € -1,348,561 | € 3,547,599 | € 5,728,559 | ▲ 61% |
| Total debts | € 1,853,599 | € 5,877,341 | € 3,987,632 | € 7,043,639 | ▲ 77% |
| Cash | € 5,624 | € 43,217 | € 10,223 | € 42,992 | ▲ € 32,768 |
| Retained profit | € -1,673,372 | € -1,648,561 | € -3,752,401 | € -1,819,040 | ▲ € 1.9 million |
| Balance sheet total | € 192,627 | € 4,528,780 | € 7,535,231 | € 12,772,198 | ▲ 69% |
| Employees (FTE) | - | 2.8 | 9.3 | 15.2 | ▲ 5.9 |
Key figures of Citymesh Connect, 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 Connect?
What happened at Citymesh Connect in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joeri Tranchet stepped down as director. NBB
- Luc Vreys stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.8 million. filed late Source: NBB ↗
- Joeri Tranchet became a director. NBB
- Luc Vreys became a director. NBB
- New establishment in Oostkamp. KBO
- Mitch De Geest became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 264,866 loss in 2022 to € 1.8 million loss in 2025.
Paid € 1,300 in corporate taxes since 2022.
On average € 54,700 of value added per employee in 2024.
A new publication or filing at Citymesh Connect? 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 ConnectBehind Citymesh Connect is Mitch De Geest. The shares are held by CITYMESH OPERATOR (100%).
Directors
According to the 2025 annual accounts
Mitch De Geest
Director
Also active at: CITYMESH OPERATOR, Citymesh 0G, GHOST PROJECTS, Citymesh Flex, Citymesh Critical Solutions, Citymesh Mobile, InSky, EDPNET Belgium +11 more
since 2018
since 2025 · until 2031
Luc Vreys
Director
Also active at: Citymesh 0G, Citymesh Safety Drones, Citymesh Flex, Citymesh Critical Solutions, EDPNET Belgium, VFM CONSULTING, TOWEREYE
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
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 OPERATOR same network
€ 1.3 million revenue · 2025
Citymesh 0G same network
€ 366,995 gross margin · 2025
Citymesh Flex same network
€ 2.8 million gross margin · 2025
Citymesh Critical Solutions same network
€ 993,073 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
- 0712.645.340
- VAT number
- BE 0712.645.340
- Registered office
- Siemenslaan 13, 8020 Oostkamp
- Names & denominations
- Citymesh Connect
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2018
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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