What does CITYNEST do?

CITYNEST is a specialised building contractor in Gent. Public Limited, started on 28 February 2007, 1 establishment.

What is the address of CITYNEST?

The registered office of CITYNEST is located at Kortrijksesteenweg 1004, 9000 Gent.

Is CITYNEST still active?

Yes. According to the CBE (29 October 2026) CITYNEST is active, legal situation “Normale toestand”, started on 28 February 2007.

Is CITYNEST registered on Peppol?

Yes, CITYNEST is registered on the Peppol network with ID 0208:0887584543.

What is the enterprise number of CITYNEST?

The enterprise number of CITYNEST is BE0887584543.

When was CITYNEST founded?

CITYNEST was founded on 28 February 2007.

Who are the directors of CITYNEST?

According to the 2025 annual accounts, the directors of CITYNEST are: ALIV GROUP BV.

Is CITYNEST a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 February 2007; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did CITYNEST make in 2025?

CITYNEST posted a profit after taxes of € 20,261 in financial year 2025.

What is the revenue of CITYNEST?

In its most recent annual accounts (2025), CITYNEST reported revenue of € 28,713,277.

How much does an employee at CITYNEST earn?

The average wage cost per full-time employee at CITYNEST was € 80,000 in 2024: staff costs of € 447,989 for 5.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CITYNEST have?

According to the 2025 annual accounts, CITYNEST has 0 full-time equivalents (FTE).

Does CITYNEST have a website?

Yes, CITYNEST has a website at citynest.be.

CITYNEST (Public Limited) - Gent - BE0887584543

Dossier CITYNEST, printed on 29 October 2026 from databakkes.be/en/0887584543/citynest. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 7.4 to 0.
Busy address KBO

16 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

CITYNEST from Gent, company number BE0887584543, closed financial year 2025 with a result of € 20,261 after tax. For that financial year CITYNEST recorded revenue of € 28.7 million and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 29,133 to € 20,261. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 1, 2026.

What it is worth Growing

€ 4.4 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 20,261

▼ 30% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 748,003

▼ 2% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 4.3 million.

People and assets in 2025

Full-time equivalents

▼ 5.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Vehicles and equipment

€ 20,995

▲ 33% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 41 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 27 million

▼ 19% vs 2024

€ 277,293 is repaid this year. At this pace the long-term loan is gone in ≈ 41 years.

Owed to suppliers

€ 1.7 million

▲ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 30 days on average.

Taxes

€ 123,021

▼ 21% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 57,052,070 Revenue 2022: € 57,052,070 First fiscal year in the series	€ 47,973,863 Revenue 2023: € 47,973,863 ▼ 16% vs 2022 (€ 57,052,070) Unfavourable step	€ 36,659,821 Revenue 2024: € 36,659,821 ▼ 24% vs 2023 (€ 47,973,863) Unfavourable step	€ 28,713,277 Revenue 2025: € 28,713,277 ▼ 22% vs 2024 (€ 36,659,821) Unfavourable step	▼ 22%
Profit after taxes	€ 2,028,816 Profit after taxes 2022: € 2,028,816 First fiscal year in the series	€ 1,300,332 Profit after taxes 2023: € 1,300,332 ▼ 36% vs 2022 (€ 2,028,816) Unfavourable step	€ 29,133 Profit after taxes 2024: € 29,133 ▼ 98% vs 2023 (€ 1,300,332) Unfavourable step	€ 20,261 Profit after taxes 2025: € 20,261 ▼ 30% vs 2024 (€ 29,133) Unfavourable step	▼ 30%
Equity	€ 9,227,477 Equity 2022: € 9,227,477 First fiscal year in the series	€ 10,527,809 Equity 2023: € 10,527,809 ▲ 14% vs 2022 (€ 9,227,477) Favourable step	€ 4,368,565 Equity 2024: € 4,368,565 ▼ 59% vs 2023 (€ 10,527,809) Unfavourable step	€ 4,388,825 Equity 2025: € 4,388,825 Unchanged (€ 4,368,565) Favourable step
Total debts	€ 55,296,016 Total debts 2022: € 55,296,016 First fiscal year in the series	€ 52,839,205 Total debts 2023: € 52,839,205 ▼ 4% vs 2022 (€ 55,296,016) Favourable step	€ 40,274,106 Total debts 2024: € 40,274,106 ▼ 24% vs 2023 (€ 52,839,205) Favourable step	€ 29,404,187 Total debts 2025: € 29,404,187 ▼ 27% vs 2024 (€ 40,274,106) Favourable step	▼ 27%
Cash	€ 4,850,837 Cash 2022: € 4,850,837 First fiscal year in the series	€ 6,838,470 Cash 2023: € 6,838,470 ▲ 41% vs 2022 (€ 4,850,837) Favourable step	€ 765,103 Cash 2024: € 765,103 ▼ 89% vs 2023 (€ 6,838,470) Unfavourable step	€ 748,003 Cash 2025: € 748,003 ▼ 2% vs 2024 (€ 765,103) Unfavourable step	▼ 2%
Land & buildings	€ 3,367,150 Land & buildings 2022: € 3,367,150 First fiscal year in the series	€ 4,547,187 Land & buildings 2023: € 4,547,187 ▲ 35% vs 2022 (€ 3,367,150) Unchanged	€ 3,118,682 Land & buildings 2024: € 3,118,682 ▼ 31% vs 2023 (€ 4,547,187) Unchanged	€ 3,029,918 Land & buildings 2025: € 3,029,918 ▼ 3% vs 2024 (€ 3,118,682) Unchanged	▼ 3%
Retained profit	€ 9,208,877 Retained profit 2022: € 9,208,877 First fiscal year in the series	€ 10,466,309 Retained profit 2023: € 10,466,309 ▲ 14% vs 2022 (€ 9,208,877) Favourable step	€ 4,307,065 Retained profit 2024: € 4,307,065 ▼ 59% vs 2023 (€ 10,466,309) Unfavourable step	€ 4,327,325 Retained profit 2025: € 4,327,325 Unchanged (€ 4,307,065) Favourable step
Dividend	€ 1,450,000 Dividend 2022: € 1,450,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 1,450,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 47,522,091 Bank debt 2022: € 47,522,091 First fiscal year in the series	€ 44,586,345 Bank debt 2023: € 44,586,345 ▼ 6% vs 2022 (€ 47,522,091) Favourable step	€ 33,379,688 Bank debt 2024: € 33,379,688 ▼ 25% vs 2023 (€ 44,586,345) Favourable step	€ 26,993,326 Bank debt 2025: € 26,993,326 ▼ 19% vs 2024 (€ 33,379,688) Favourable step	▼ 19%
Balance sheet total	€ 64,523,493 Balance sheet total 2022: € 64,523,493 First fiscal year in the series	€ 63,367,014 Balance sheet total 2023: € 63,367,014 ▼ 2% vs 2022 (€ 64,523,493) Unchanged	€ 44,642,671 Balance sheet total 2024: € 44,642,671 ▼ 30% vs 2023 (€ 63,367,014) Unchanged	€ 33,793,012 Balance sheet total 2025: € 33,793,012 ▼ 24% vs 2024 (€ 44,642,671) Unchanged	▼ 24%
Employees (FTE)	5.8 Employees (FTE) 2022: 5.8 First fiscal year in the series	7.4 Employees (FTE) 2023: 7.4 ▲ 1.6 vs 2022 (5.8) Unchanged	5.6 Employees (FTE) 2024: 5.6 ▼ 1.8 vs 2023 (7.4) Unchanged	0 Employees (FTE) 2025: 0 ▼ 5.6 vs 2024 (5.6) Unchanged	▼ 5.6

Key figures of CITYNEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to CITYNEST?

What happened at CITYNEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 1, 2026 New annual accounts for financial year 2025: profit of € 20,261 (▼ 30% vs 2024). Source: NBB ↗
Mar 23, 2007 New establishment in Gent. KBO
Feb 28, 2007 Start of the company according to the CBE. KBO

In short

From € 2 million profit in 2022 to € 20,261 profit in 2025.

Paid € 1.3 million in corporate taxes since 2022.

Best year ever: 2022, with € 2 million profit.

Paid out € 1.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ALIV GROUP 100%

The stake of ALIV GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CITYNEST

Behind CITYNEST is ALIV GROUP BV. The shares are held by ALIV GROUP (100%).

Directors

According to the 2025 annual accounts

ALIV GROUP BV

Director · represented by Piet Labeeuw

Also active at: RECURRENT, Equites6, Equites1, EQUITES HOLDING, EQUITES2, ALIV, EQUITES4, ELEMENT +2 more

Shareholders

ALIV GROUP

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kortrijksesteenweg 1004

9000 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.

All companies at this address →

FILE

€ 50,542 gross margin · 2024

National and International Adoption Organisation

ALIV GROUP same network

€ 3 million revenue · 2025

RECURRENT same network

€ 2 million gross margin · 2025

Equites6 same network

€ -14,562 gross margin · 2024

+11 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS citynest.be

Technologies

ApacheElementorFont AwesomeGoogle FontsPHPSwiperVarnishWooCommerceWordPressjQueryjQuery UIlazysizes

Hosting & Email

Email provider

Microsoft 365

Hosting

ONECOM, DK

Website info

HTTPS Ja

Languages NL

Features

Webshop Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0887.584.543

VAT number

BE 0887.584.543

Registered office

Kortrijksesteenweg 1004, 9000 Gent

Names & denominations

CITYNEST

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

28 February 2007

Peppol

Active · Active since 21 Oct 2026

Contact

citynest.be

Activities · NACE

Overige bouwinstallatie

Overige bouwinstallatie, n.e.g.

Overige werkzaamheden in verband met de afwerking van gebouwen

Diverse ondersteunende activiteiten ten behoeve van voorzieningen

Ontwikkeling van residentiële bouwprojecten

Projectontwikkeling voor woningbouw

Beheer van overig onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗

CITYNEST

Warning lights

Financials

What happened to CITYNEST?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions