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 4 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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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6 to 3.
Financials
Financial year 2025
CITS V SERVICE (BELGIUM) from Sint-Lambrechts-Woluwe, company number BE0831680671, closed financial year 2025 with a result of € -273,690 after tax. For that financial year CITS V SERVICE (BELGIUM) recorded a gross margin of € -22,657 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -171,571 to € -273,690. 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 September 28, 2026.
€ -1.5 million
▼ € 273,690 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -273,690
▼ 60 % more loss than in 2024
Profit after tax over the fiscal year.
€ 50,909
▼ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
People and assets in 2025
3
▼ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 244,815
▼ 51% vs 2024
€ 81,600 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.
Debts at end 2025
€ 1.3 million
▲ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 92,070
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,291
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -125,241 | € 565,774 | € 387,805 | € -22,657 | ▼ € 410,461 |
| Profit after taxes | € -459,411 | € 75,281 | € -171,571 | € -273,690 | ▼ € 102,119 |
| Equity | € -1,172,688 | € -1,097,407 | € -1,268,978 | € -1,542,668 | ▼ € 273,690 |
| Total debts | € 1,477,017 | € 1,495,651 | € 1,436,765 | € 1,661,816 | ▲ 16% |
| Cash | € 197,633 | € 358,625 | € 131,423 | € 50,909 | ▼ 61% |
| Retained profit | € -1,191,238 | € -1,115,957 | € -1,287,528 | € -1,561,218 | ▼ € 273,690 |
| Bank debt | € 1,316,804 | € 1,183,173 | € 1,183,173 | € 1,277,584 | ▲ 8% |
| Balance sheet total | € 304,329 | € 398,244 | € 167,787 | € 119,148 | ▼ 29% |
| Employees (FTE) | 4.6 | 6 | 5.3 | 3 | ▼ 2.3 |
Key figures of CITS V SERVICE (BELGIUM), 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 CITS V SERVICE (BELGIUM)?
What happened at CITS V SERVICE (BELGIUM) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 273,690. filed late Source: NBB ↗
- Bin Chen became a director. NBB
- Zhang Kexiong became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
In short
From € 459,411 loss in 2022 to € 273,690 loss in 2025.
Best year ever: 2023, with € 75,281 profit.
On average € 73,200 of value added per employee in 2024.
Management
Behind CITS V SERVICE (BELGIUM) are Zhang Kexiong and Bin Chen.
Directors
According to the 2025 annual accounts
Zhang Kexiong
Director
since 2021
Bin Chen
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Emmanuel Mounierlaan 5
1200 Sint-Lambrechts-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- China Intemational Travel Service Co, Ltd, Head Office(fondateur) 100%
Details
- Company number
- 0831.680.671
- VAT number
- BE 0831.680.671
- Registered office
- Emmanuel Mounierlaan 5, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- CITS V SERVICE (BELGIUM)
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 2010
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
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