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 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 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Citymesh Air from Brussel, company number BE0898597409, closed financial year 2025 with a result of € -3.5 million after tax. For that financial year Citymesh Air recorded a gross margin of € -1.7 million and equity of € -3.7 million. Compared with financial year 2024, the result moved from € -3.4 million to € -3.5 million. 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 August 28, 2026.
€ -3.7 million
▼ € 3.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.5 million
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 48
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -40.6 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 40,000
Loans from banks and other lenders, long and short.
€ 31,723
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,657,574 | € -1,812,572 | € -1,718,855 | € -1,658,807 | ▲ € 60,049 |
| Profit after taxes | € -3,751,841 | € -3,831,797 | € -3,405,629 | € -3,504,688 | ▼ € 99,059 |
| Equity | € 7,067,231 | € 3,235,434 | € -170,196 | € -3,674,884 | ▼ € 3.5 million |
| Total debts | € 139,407 | € 2,303,401 | € 4,121,535 | € 6,155,277 | ▲ 49% |
| Cash | € 90,393 | € 11,256 | € 2,444 | € 48 | ▼ 98% |
| Retained profit | € -29,887,485 | € -33,719,282 | € -37,124,912 | € -40,629,601 | ▼ € 3.5 million |
| Bank debt | € 0 | € 0 | € 0 | € 40,000 | |
| Balance sheet total | € 7,206,638 | € 5,538,835 | € 3,951,339 | € 2,480,392 | ▼ 37% |
| Employees (FTE) | 2 | 1.8 | 0 | 0 |
Key figures of Citymesh Air, 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 Air?
What happened at Citymesh Air in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.5 million. filed late Source: NBB ↗
- Serghei Bulgac became a director. NBB
- Valentin Popoviciu became a director. NBB
- Ghost Consulting BV became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.8 million loss in 2022 to € 3.5 million loss in 2025.
Paid € 243 in corporate taxes since 2022.
A new publication or filing at Citymesh Air? 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 Mobile comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Citymesh AirBehind Citymesh Air are Serghei Bulgac, Valentin Popoviciu and Ghost Consulting BV. The shares are held by Citymesh Mobile (100%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
Director · represented by Mitch De Geest
Also active at: CITYMESH OPERATOR, Citymesh Flex, GREENFOX, Citymesh Mobile, InSky, EDPNET Belgium, DIGI Communications Belgium, QUEST COMPUTERS +2 more
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gasthuisstraat 31
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →Comite Interprofessionnel pour l'Etude et la Defense de l'Elevage
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.597.409
- VAT number
- BE 0898.597.409
- Registered office
- Gasthuisstraat 31, 1000 Brussel
- Names & denominations
- Citymesh Air
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2008
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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