Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 3 to 1.2.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
nCentric Europe from Oostkamp, company number BE0838611223, closed financial year 2025 with a result of € 454,056 after tax. For that financial year nCentric Europe recorded a gross margin of € 679,304 and equity of € 393,927. Compared with financial year 2024, the result moved from € 199,529 to € 454,056. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 2, 2026.
€ 393,927
▲ € 454,056 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 454,056
▲ 128% vs 2024
Profit after tax over the fiscal year.
€ 26,786
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -2.1 million.
People and assets in 2025
1.2
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 106,803
▼ 47% vs 2024
€ 89,000 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
None
No bank loans on the last day of the fiscal year.
€ 563,600
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 141,588
▲ 276% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,189,060 | € 1,169,574 | - | - | |
| Gross margin | € 335,640 | € 545,076 | € 678,410 | € 679,304 | |
| Profit after taxes | € -143,748 | € 93,103 | € 199,529 | € 454,056 | ▲ 128% |
| Equity | € -2,852,761 | € -2,759,658 | € -60,129 | € 393,927 | ▲ € 454,056 |
| Total debts | € 3,649,980 | € 3,740,474 | € 1,159,247 | € 1,979,161 | ▲ 71% |
| Cash | € 54,448 | € 66,939 | € 61,511 | € 26,786 | ▼ 56% |
| Retained profit | € -2,871,311 | € -2,778,208 | € -2,578,679 | € -2,124,623 | ▲ € 454,056 |
| Bank debt | € 1,459,756 | € 1,456,498 | € 16,000 | € 0 | ▼ 100% |
| Balance sheet total | € 797,218 | € 980,815 | € 1,099,118 | € 2,373,088 | ▲ 116% |
| Employees (FTE) | 3 | 3 | 2.4 | 1.2 | ▼ 1.2 |
Key figures of nCentric Europe, 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 nCentric Europe?
What happened at nCentric Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 454,056 (▲ 128% vs 2024). filed late Source: 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 € 143,748 loss in 2022 to € 454,056 profit in 2025.
Paid € 3,369 in corporate taxes since 2022.
Best year ever: 2025, with € 454,056 profit.
On average € 566,100 of value added per employee in 2025.
A new publication or filing at nCentric Europe? 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 INTEGRATOR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
nCentric EuropeBehind nCentric Europe is Mitch De Geest. The shares are held by CITYMESH INTEGRATOR (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 Connect, Citymesh Mobile, InSky +11 more
since 2011
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 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
- 0838.611.223
- VAT number
- BE 0838.611.223
- Registered office
- Siemenslaan 13, 8020 Oostkamp
- Names & denominations
- nCentric Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 August 2011
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
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