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
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Cityforward Schuman HoldCo from Brussel, company number BE1002910714, closed financial year 2025 with a result of € -1.3 million after tax. For that financial year Cityforward Schuman HoldCo recorded a gross margin of € -6.2 million and equity of € 447.3 million. Compared with financial year 2024, the result moved from € -1.4 million to € -1.3 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 447.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 179 million
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.7 million.
Debts at end 2025
€ 9.7 million
▲ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 2.6 million
▲ € 2.4 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -6,056,835 | € -6,190,414 | ▼ € 133,579 |
| Profit after taxes | € -1,410,852 | € -1,308,149 | ▲ € 102,704 |
| Equity | € 448,589,148 | € 447,280,999 | |
| Total debts | € 9,208,498 | € 12,668,870 | ▲ 38% |
| Cash | € 145,989,842 | € 178,978,670 | ▲ 23% |
| Retained profit | € -1,410,852 | € -2,719,001 | ▼ € 1.3 million |
| Bank debt | € 9,033,468 | € 9,723,618 | ▲ 8% |
| Balance sheet total | € 457,797,646 | € 459,949,869 |
Key figures of Cityforward Schuman HoldCo, fiscal years 2024 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 Cityforward Schuman HoldCo?
What happened at Cityforward Schuman HoldCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.3 million. Source: NBB ↗
- FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ became a director. NBB
- CECE became a director. NBB
- New establishment in Brussel. KBO
- Whitewood Capital became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.4 million loss in 2024 to € 1.3 million loss in 2025.
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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 Cityforward comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Cityforward Schuman HoldCoBehind Cityforward Schuman HoldCo are CECE, FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ and Whitewood Capital. The shares are held by Cityforward (100%). It owns 100% of Cityforward Luxembourg 46, 100% of Cityforward Van Maerlant 18, 100% of Cityforward Loi 102, 100% of Cityforward Demot 28, 100% of Cityforward Loi 86 and 100% of Cityforward Montoyer 59 itself.
Directors
According to the 2025 annual accounts
Director · represented by Tobias Schwagten
Also active at: WHITEWOOD CAPITAL, Cityforward Borchette, Cityforward Demot 28, Cityforward Belliard 232, Cityforward Joseph 54, Cityforward Joseph 70, Cityforward Madou, Cityforward Demot 24 +13 more
since 2024
FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ
Director · represented by Matthieu de Posch
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +57 more
since 2025
Director · represented by Frédéric Van der Planken
Also active at: Whitewood Property Management, WHITEWOOD INVESTORS, Bolivar JV Bel, Whitewood Logistics, WHITEWOOD PRIVAK, Cityforward, Belgian Green Building Council
since 2023
Shareholders
100%
Participations
100%
100%
100%
100%
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Koningsstraat 47
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →Banque Jules Joire et Cie
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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
- 1002.910.714
- VAT number
- BE 1002.910.714
- Registered office
- Koningsstraat 47, 1000 Brussel
- Names & denominations
- Cityforward Schuman HoldCo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 2023
- Peppol
- Active · Active since 4 Dec 2023
- Activities · NACE
Activiteiten van holdings
Holdings
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