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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Citymesh Mobile from Brussel, company number BE0781745269, closed financial year 2025 with a result of € -12.7 million after tax. For that financial year Citymesh Mobile recorded a gross margin of € 2.3 million and equity of € -50.1 million. Compared with financial year 2024, the result moved from € -22.2 million to € -12.7 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -50.1 million
▼ € 12.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12.7 million
▲ 43 % less loss than in 2024
Profit after tax over the fiscal year.
€ 201,272
▲ € 194,656 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -57.1 million.
Debts at end 2025
€ 74.3 million
▲ 21% vs 2024
€ 6.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 52,018
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -346,504 | € -5,834,658 | € -5,865,928 | € 2,321,589 | ▲ € 8.2 million |
| Profit after taxes | € -1,658,007 | € -20,454,482 | € -22,214,336 | € -12,739,190 | ▲ € 9.5 million |
| Equity | € 5,341,993 | € -15,112,489 | € -37,326,826 | € -50,066,015 | ▼ € 12.7 million |
| Total debts | € 131,702,060 | € 149,766,245 | € 164,307,482 | € 193,162,400 | ▲ 18% |
| Cash | € 14,481 | € 903 | € 6,616 | € 201,272 | ▲ € 194,656 |
| Retained profit | € -1,658,007 | € -22,112,489 | € -44,326,826 | € -57,066,015 | ▼ € 12.7 million |
| Bank debt | € 18,670,438 | € 42,400,158 | € 61,442,968 | € 74,332,061 | ▲ 21% |
| Balance sheet total | € 137,044,053 | € 134,653,756 | € 126,980,657 | € 143,096,385 | ▲ 13% |
Key figures of Citymesh Mobile, 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 Mobile?
What happened at Citymesh Mobile in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tovi BV stepped down as director. NBB
- Serghei Bulgac stepped down as director. NBB
- Valentin Popoviciu stepped down as director. NBB
- Ghost Consulting BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 12.7 million. filed late Source: NBB ↗
- Tovi BV became a director. NBB
- Serghei Bulgac became a director. NBB
- Valentin Popoviciu became a director. NBB
In short
From € 1.7 million loss in 2022 to € 12.7 million loss in 2025.
Management
It owns 100% of Citymesh Air itself.
Directors
According to the 2025 annual accounts
Director · represented by Tom Knaepen
Also active at: CEGEKA GROEP, CEGEKA HEALTH CARE, CITYMESH OPERATOR, Cegeka Holding, InSky, DIGI Communications Belgium, CITYMESH INTEGRATOR, CEGEKA +2 more
since 2025 · until 2027
since 2022 · until 2027
since 2022 · until 2027
Director · represented by Mitch De Geest
Also active at: CITYMESH OPERATOR, Citymesh Flex, GREENFOX, InSky, EDPNET Belgium, DIGI Communications Belgium, QUEST COMPUTERS, Citymesh Air +2 more
since 2022 · until 2027
Establishments
Establishment units
Physical locations of this company
Gasthuisstraat 31
1000 Brussel
Siemenslaan 13
8020 Oostkamp
Active since 8 February 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →Comite Interprofessionnel pour l'Etude et la Defense de l'Elevage
SF-Federatie voor Progrressief Jongerenwerk
SPRINGBOK MEDIA
€ 53,949 gross margin · 2025
Verbond voor Pluimvee, Eieren en Konijnen
COMPUTER FUTURES SOLUTIONS
€ 14.2 million revenue · 2025
+16 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
- 0781.745.269
- VAT number
- BE 0781.745.269
- Registered office
- Gasthuisstraat 31, 1000 Brussel
- Names & denominations
- Citymesh Mobile
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2022
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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