Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Citymesh Navigator from Oostkamp, company number BE0803631340, closed financial year 2024 with a result of € -221,824 after tax. For that financial year Citymesh Navigator recorded a gross margin of € -9,819 and equity of € -231,215. Compared with financial year 2023, the result moved from € -102,741 to € -221,824. 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 July 22, 2025.
€ -231,215
▼ € 221,824 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -221,824
▼ 116 % more loss than in 2023
Profit after tax over the fiscal year.
€ 7,912
▼ 78% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -350,604.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2024
€ 3.6 million
▲ 1% vs 2023
Loans from banks and other lenders, long and short.
€ 22,859
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Gross margin | € -21,742 | € -9,819 | ▲ € 11,923 |
| Profit after taxes | € -102,741 | € -221,824 | ▼ € 119,083 |
| Equity | € -9,391 | € -231,215 | ▼ € 221,824 |
| Total debts | € 3,558,667 | € 5,355,126 | ▲ 50% |
| Cash | € 36,445 | € 7,912 | ▼ 78% |
| Retained profit | € -128,780 | € -350,604 | ▼ € 221,824 |
| Bank debt | € 3,532,688 | € 3,560,487 | ▲ 1% |
| Balance sheet total | € 3,549,276 | € 5,123,911 | ▲ 44% |
Key figures of Citymesh Navigator, fiscal years 2023 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 Navigator?
What happened at Citymesh Navigator in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DEBUTO bv stepped down as director. NBB
- ID & D bv stepped down as director. NBB
- Ludo Kelchtermans stepped down as director. NBB
- ESDACON bv stepped down as director. NBB
- Freek Pauwels stepped down as director. NBB
- Mitch De Geest stepped down as director. NBB
- SOFIN bv stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 221,824. Source: NBB ↗
In short
From € 102,741 loss in 2023 to € 221,824 loss in 2024.
Management
The stake of Citymesh Holding, GREENFOX, NUHMA DC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Citymesh NavigatorThe shares are held by Citymesh Holding (100%), GREENFOX (77.7%) and NUHMA DC (10%). It owns 93.5% of Citymesh Safety Drones itself.
Directors
According to the 2024 annual accounts
Director · represented by Vanhove HERBERT
Also active at: CITYMESH OPERATOR, CITYMESH INTEGRATOR
since 2023 · until 2029
Director · represented by Bijnens STIJN
Owns 0.3% via Citymesh Holding
Also active at: CEGEKA BUSINESS SOLUTIONS BELGIE, CEGEKA GROEP, NSI IT Software & Services, CEGEKA HEALTH CARE, H. ESSERS, CITYMESH OPERATOR, KOLMONT HOLDING, Cegeka Holding +11 more
since 2023 · until 2029
Ludo Kelchtermans
Director
Also active at: FLUXYS BELGIUM, L.K.C., CIPAL, LIZEL, VLAAMSE ENERGIEHOLDING, 3E, HOPPE, C - Power +19 more
since 2023 · until 2029
Director · represented by Stephan DAEMS
Owns 0.5% via Citymesh Holding
Also active at: CEGEKA BUSINESS SOLUTIONS BELGIE, CEGEKA GROEP, COMPUTER TASK GROUP BELGIUM, NSI IT Software & Services, CEGEKA HEALTH CARE, CITYMESH OPERATOR, Citymesh 0G, NSI-INVEST +11 more
since 2023 · until 2029
Freek Pauwels
Director
Owns 0.9% via Citymesh Holding
Also active at: SOFTPLAN, CITYMESH OPERATOR, QUEST COMPUTERS, CITYMESH INTEGRATOR
since 2023 · until 2029
Mitch De Geest
Director
Owns 1.1% via Citymesh Holding
Also active at: CITYMESH OPERATOR, Citymesh 0G, GHOST PROJECTS, Citymesh Flex, Citymesh Critical Solutions, Citymesh Connect, Citymesh Mobile, InSky +11 more
since 2023 · until 2029
Director · represented by Knaepen ANDRÉ
Also active at: ANSA, CEGEKA GROEP, NSI IT Software & Services, CEGEKA HEALTH CARE, CITYMESH OPERATOR, Cegeka Holding, Utmerke, CITYMESH INTEGRATOR +2 more
since 2023 · until 2029
Shareholders
Participations
93.5%
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 Connect same network
€ -471,487 gross margin · 2025
+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
- 0803.631.340
- VAT number
- BE 0803.631.340
- Registered office
- Siemenslaan 13, 8020 Oostkamp
- Names & denominations
- Citymesh Navigator
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2023
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings