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.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
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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 Luxembourg 46 from Brussel, company number BE1003766391, closed financial year 2025 with a result of € -2.1 million after tax. For that financial year Cityforward Luxembourg 46 recorded a gross margin of € -12,915 and equity of € 13 million. Compared with financial year 2024, the result moved from € -1.5 million to € -2.1 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 13 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▼ 43 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,322
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
Debts at end 2025
€ 28 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 90,219
▲ € 84,824 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 | € -13,197 | € -12,915 | ▲ € 281 |
| Profit after taxes | € -1,477,698 | € -2,108,561 | ▼ € 630,863 |
| Equity | € 11,139,302 | € 12,960,741 | ▲ 16% |
| Total debts | € 29,786,112 | € 28,120,219 | ▼ 6% |
| Cash | € 7,538 | € 4,322 | ▼ 43% |
| Land & buildings | € 39,827,097 | € 37,766,395 | ▼ 5% |
| Retained profit | € -1,477,698 | € -3,586,259 | ▼ € 2.1 million |
| Bank debt | € 29,780,717 | € 28,030,000 | ▼ 6% |
| Balance sheet total | € 40,925,414 | € 41,080,960 |
Key figures of Cityforward Luxembourg 46, 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 Luxembourg 46?
What happened at Cityforward Luxembourg 46 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.1 million. Source: NBB ↗
- CECE became a director. NBB
- New establishment in Brussel. KBO
- Cityforward Schuman Holdco became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.5 million loss in 2024 to € 2.1 million loss in 2025.
A new publication or filing at Cityforward Luxembourg 46? 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 Cityforward Schuman HoldCo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Cityforward Luxembourg 46Behind Cityforward Luxembourg 46 are CECE and Cityforward Schuman Holdco. The shares are held by Cityforward Schuman HoldCo (100%).
Directors
According to the 2025 annual accounts
Director · represented by Tobias Schwagten
Also active at: WHITEWOOD CAPITAL, Cityforward Schuman HoldCo, Cityforward Borchette, Cityforward Demot 28, Cityforward Belliard 232, Cityforward Joseph 54, Cityforward Joseph 70, Cityforward Madou +13 more
since 2024
Director · represented by Frédéric Van der Planken
Also active at: Cityforward Borchette, Cityforward Demot 28, Cityforward Belliard 232, Cityforward Joseph 54, Cityforward Joseph 70, Cityforward Madou, Cityforward Demot 24, Cityforward Froissart 101 +11 more
since 2023
Shareholders
Participations
No participations in other companies reported.
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
NIEUW - VLAAMSE ALLIANTIE
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Vlaams Pers-, Radio- en Televisie-Instituut
Vereniging van Vlaamse Mandatarissen
+44 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
- 1003.766.391
- VAT number
- BE 1003.766.391
- Registered office
- Koningsstraat 47, 1000 Brussel
- Names & denominations
- Cityforward Luxembourg 46
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2023
- Peppol
- Active · Active since 16 Jan 2024
- Activities · NACE
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