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.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CITYMESH INTEGRATOR from Oostkamp, company number BE0881653685, closed financial year 2025 with a result of € -7.2 million after tax. For that financial year CITYMESH INTEGRATOR recorded revenue of € 24.1 million and equity of € 7.4 million. Compared with financial year 2024, the result moved from € -4.3 million to € -7.2 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 10, 2026.
€ 7.4 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.2 million
▼ 68 % more loss than in 2024
Profit after tax over the fiscal year.
€ 325,693
▲ € 286,923 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.2 million.
People and assets in 2025
64.9
▼ 7.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 4% vs 2024
€ 86,300 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.
€ 161,202
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.7 million
▼ 36% vs 2024
Loans from banks and other lenders, long and short.
€ 12.3 million
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 130 days on average.
€ 2.4 million
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 12,405,078 | € 17,847,127 | € 24,139,816 | ▲ 35% |
| Gross margin | € 8,052,464 | - | - | - | |
| Profit after taxes | € -20,853 | € -1,609,446 | € -4,305,393 | € -7,228,425 | ▼ € 2.9 million |
| Equity | € 5,063,572 | € 6,509,538 | € 8,591,498 | € 7,363,073 | ▼ 14% |
| Total debts | € 30,137,760 | € 45,617,342 | € 34,402,402 | € 50,235,886 | ▲ 46% |
| Cash | € 508,697 | € 590,195 | € 38,770 | € 325,693 | ▲ € 286,923 |
| Retained profit | € -1,412,446 | € -2,997,348 | € -7,302,741 | € -7,206,530 | ▲ € 96,211 |
| Bank debt | € 20,058,364 | € 17,500,279 | € 15,103,581 | € 9,711,595 | ▼ 36% |
| Balance sheet total | € 35,201,332 | € 52,126,880 | € 42,993,900 | € 57,598,959 | ▲ 34% |
| Employees (FTE) | 61.7 | 61.7 | 72.6 | 64.9 | ▼ 7.7 |
Key figures of CITYMESH INTEGRATOR, 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 INTEGRATOR?
What happened at CITYMESH INTEGRATOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TOVI BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7.2 million. filed late Source: NBB ↗
- Ludo Kelchtermans 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
- TOVI BV became a director. NBB
- Ludo Kelchtermans became a director. NBB
In short
From € 20,853 loss in 2022 to € 7.2 million loss in 2025.
Paid € 54,097 in corporate taxes since 2022.
On average € 130,500 of value added per employee in 2022.
Pays suppliers within 130 days on average.
A new publication or filing at CITYMESH INTEGRATOR? 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 Holding, GREENFOX, NUHMA DC, VFM CONSULTING, SOFTPLAN, WISCON, Slice comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CITYMESH INTEGRATORThe shares are held by Citymesh Holding (100%), GREENFOX (76.7%), NUHMA DC (10%), VFM CONSULTING (0.9%), SOFTPLAN (0.7%) and WISCON (0.7%). It owns 100% of nCentric Europe BV, 100% of Citymesh Flex BV and 100% of Citymesh Critical Solutions 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, Citymesh Mobile, InSky, DIGI Communications Belgium, CEGEKA +2 more
since 2025 · until 2031
Ludo Kelchtermans
Director
Also active at: FLUXYS BELGIUM, L.K.C., CIPAL, LIZEL, VLAAMSE ENERGIEHOLDING, 3E, HOPPE, C - Power +19 more
since 2020 · until 2026
Freek Pauwels
Director
Owns 0.9% via Citymesh Holding
Also active at: SOFTPLAN, CITYMESH OPERATOR, Citymesh Navigator, QUEST COMPUTERS
since 2020 · until 2026
Mitch De Geest
Managing 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 2020 · until 2026
Director · represented by André Knaepen
Also active at: ANSA, CEGEKA GROEP, NSI IT Software & Services, CEGEKA HEALTH CARE, CITYMESH OPERATOR, Cegeka Holding, Utmerke, Citymesh Navigator +2 more
since 2020 · until 2026
Shareholders
Participations
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
- 0881.653.685
- VAT number
- BE 0881.653.685
- Registered office
- Siemenslaan 13, 8020 Oostkamp
- Names & denominations
- CITYMESH INTEGRATOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 2006
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
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