Citadel Finance
Group
Stadsontwikkeling Gent (sogent) has 15 holdings (2025 accounts)Belgium 15 Equity Result
- BE CITADEL FINANCE €12.8m result €279,102
- BE FARYS0.01% €2.04bn result €40.3m
- BE ARTEVELDE-STADION79.1% €27.0m result -€69,409
- BE K.A.A.GENT1.05% €25.5m result €1.9m
- BE GRONDBANK THE LOOP NV66.62% €16.1m result -€733,730
- BE TOGETHER FOR ENTREPRENEURSHIP, NETWORKING AND TECHNOLOGY (TENT)8.57% €9.8m result -€505,527
- BE INVESTERINGSMAATSCHAPPIJ MODEST €6.3m result -€9,710
- BE TECH LANE PARKGEBOUW5% €6.0m result -€160,143
- BE EILAND ZWIJNAARDE NV32.45% €5.8m result €487,006
- BE ESPEVELO210% €3.5m result -€14,755
- BE ESPEVELO310% €2.8m result -€5,580
- BE CREAT SERVICES0.01% €2.6m result €369,478
- BE ICUBES9.99% €385,085 result -€152,655
- BE MAATSCHAPPIJ VOOR INDUSTRIËLE ONTWIKKELING BV/NV (MIO) -€750,474 result -€155,970
- BE TLG SCIENCE PARK40% -€1.3m result -€686,356
Source: list of holdings in the 2025 accounts of Stadsontwikkeling Gent (sogent). Every holding stands with its own latest accounts.
Part of the group Stadsontwikkeling Gent (sogent) Group, risk and exposureAt the same address
Voldersstraat 1, 9000 Ghent · 9 other companies| Stadsontwikkeling Gent (sogent)
registered office since 26-05-2003 · founded in 2003 |
59 FTE (2025) 0367.300.594 |
| Grondbank The Loop
registered office since 09-09-2004 · founded in 2004 |
total assets €34.2m (2025) 0867.399.734 |
| Investeringsmaatschappij Modest
registered office since 25-10-2012 · founded in 2012 |
total assets €31.7m (2025) 0500.504.162 |
| Eiland Zwijnaarde
registered office since 16-11-2009 · founded in 2009 |
total assets €18.9m (2025) 0820.566.847 |
| TLG Science Park
registered office since 20-09-2018 · founded in 2018 · negative equity (2025) |
total assets €17.7m (2025) 0704.841.689 |
| Huuringent
registered office since 30-01-2013 · founded in 2013 |
total assets €804,754 (2025) 0503.919.354 |
| Maatschappij voor Industriële Ontwikkeling te Zwijnaarde
registered office since 22-12-1995 · founded in 1995 · negative equity (2025) |
turnover €57,375 (2025) 0456.929.386 |
| SOGENT BTW-eenheid
registered office since 01-01-2015 |
founded in 2015 0507.701.760 |
| Verbroedering der Registratiebedienden
registered office since 01-01-1947 |
founded in 1947 0410.867.452 |
Earlier ties
| TLG Science Park via Frank Van Goethem, no longer at TLG Science Park · Class B director · deed of 14-04-2025 founded in 2018 · negative equity (2025) |
total assets €17.7m (2025) |
| Fluvius System Operator via Taeldeman, Sven, at Citadel Finance until 2019 · Director · deed of 10-05-2013 founded in 2002 |
5,326 FTE (2025) |
| ORES Assets via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 10-07-2019 founded in 2013 |
turnover €1.16bn (2025) |
| Farys via BALTHAZAR Tom Guy Kamiel (at Citadel Finance until 2017), Sami Souguir (at Citadel Finance until 2024) and DE REGGE Martine (at Citadel Finance until 2017) · Director · deeds of 19-06-2018, 16-12-2013 and 26-11-2007 founded in 1923 |
974 FTE (2025) |
| FLUVIUS WEST via Taeldeman, Sven, at Citadel Finance until 2019 · Director · deed of 04-01-2016 founded in 1975 |
turnover €541.7m (2025) |
| Luminus via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Class A director · deed of 07-07-2015 founded in 2000 · group ELECTRICITE DE FRANCE |
1,181 FTE (2025) |
Show 55 more earlier ties
| OPERATEUR DE RESEAUX D'ENERGIES via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 22-07-2019 founded in 2008 · group ORES Assets |
3,000 FTE (2025) |
| LOTERIE NATIONALE via DE BONDT Karel, at Citadel Finance until 2026 · Director · deed of 24-12-2021 founded in 1964 · group Belgische Staat |
447 FTE (2025) |
| THUISPUNT GENT via BALTHAZAR Tom Guy Kamiel (at Citadel Finance until 2017) and Sami Souguir (at Citadel Finance until 2024) · deeds of 16-09-2025 and 07-02-2014 founded in 1904 |
198 FTE (2025) |
| i-mens via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 1976 |
7,158 FTE (2025) |
| North Sea Port Flanders via Bram Van Braeckevelt (at Citadel Finance until 2024) and Sami Souguir (at Citadel Finance until 2024) · Director · deeds of 04-06-2015 and 01-08-2014 founded in 1979 |
138 FTE (2025) |
| Fonds voor wetenschappelijk Onderzoek - Vlaanderen via MORTIER Freddy André Adolf, at Citadel Finance until 2019 · Director · deed of 21-10-2013 founded in 2006 |
2,773 FTE (2025) |
| SOFILUX via Philippe Lefebvre, at Citadel Finance until 2023 · Vice-chair · deed of 04-08-2025 founded in 1996 |
total assets €223.1m (2025) |
| Group induver via DE BONDT Karel, at Citadel Finance until 2026 · Permanent representative · deed of 24-03-2021 founded in 1990 · group ICC TopCo |
141 FTE (2025) |
| TIBI via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 20-10-2010 founded in 1948 |
685 FTE (2025) |
| Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken via Bram Van Braeckevelt (at Citadel Finance until 2024), BALTHAZAR Tom Guy Kamiel (at Citadel Finance until 2017) and 2 others · Director · deeds of 26-04-2019 and 30-04-2007 founded in 1994 |
399 FTE (2025) |
| i-mens Thuisverpleging via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 1985 |
762 FTE (2025) |
| Agentschap Integratie en Inburgering via Sami Souguir, at Citadel Finance until 2024 · Director · deed of 13-03-2019 founded in 2013 |
728 FTE (2025) |
| WAALSE KROOK via Frank Van Goethem, no longer at WAALSE KROOK · Member of the management committee · deed of 17-12-2018 founded in 2009 |
total assets €56.8m (2025) |
| WIND4WALLONIA 2 via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 26-07-2023 founded in 2017 · group ENGIE |
turnover €5.8m (2025) |
| ASOBV via Sami Souguir, at Citadel Finance until 2024 · Director · deed of 10-07-2019 founded in 2007 |
430 FTE (2025) |
| WIND4WALLONIA via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 30-08-2021 founded in 2014 · group ENGIE |
turnover €4.5m (2025) |
| Tetris Offices. The Loop building one via Didier Nachtergaele, at Citadel Finance until 2018 · Class B director · deed of 10-10-2014 founded in 2014 · group Monument Assurance Belgium |
turnover €1.7m (2025) |
| ADINFO BELGIUM via DE REGGE Martine, at Citadel Finance until 2017 · Director · deed of 18-10-2013 founded in 1975 · group ETHIAS |
total assets €19.0m (2023) |
| Integratie en inburgering Gent via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 10-06-2025 founded in 2015 |
127 FTE (2025) |
| Centrum Geestelijke Gezondheidszorg Adentro via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 19-11-2025 founded in 2000 |
121 FTE (2025) |
| BRASSERIE LEFEBVRE via Philippe Lefebvre, at Citadel Finance until 2023 · Director (not named in the articles) · deed of 29-12-2023 founded in 1985 |
45 FTE (2025) |
| Société de Participation dans le Secteur de l'Energie Renouvelable via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 24-06-2024 founded in 2012 |
total assets €10.7m (2025) |
| Fondation Léon FREDERICQ - Fondation Hospitalo-Universitaire à Liège via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 21-10-2026 founded in 2018 |
total assets €9.0m (2025) |
| BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM via MORTIER Freddy André Adolf, at Citadel Finance until 2019 · Director · deed of 19-07-2021 founded in 2003 |
2 FTE (2025) |
| CHIMAY PATRIMOINE via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 04-09-2024 founded in 1966 |
1 FTE (2025) |
| Vereniging van de Sociale Fondsen van de Social Profitsektor - Association des Fonds sociaux du Secteur non-marchand via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 05-11-2012 founded in 1995 |
total assets €7.4m (2025) |
| WALWIND via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 05-01-2024 founded in 2018 · group ENGIE |
total assets €6.4m (2025) |
| Associatie Universiteit Gent via MORTIER Freddy André Adolf, at Citadel Finance until 2019 · Vertegenwoordiging universiteit gent · deed of 20-03-2017 founded in 2003 |
turnover €432,224 (2025) |
| Zelfstandige Thuisverpleging i-mens via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 1980 |
8.3 FTE (2025) |
| Toerisme Oost-Vlaanderen via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 26-07-2019 founded in 1948 |
35 FTE (2025) |
| Partners in Solidariteit vzw via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 2015 |
total assets €3.1m (2025) |
| SYNDUCTIS via DE REGGE Martine, at Citadel Finance until 2017 · Director · deed of 12-04-2013 founded in 2012 |
turnover €2.9m (2025) |
| AquaFlanders via DE REGGE Martine, at Citadel Finance until 2017 · Director · deed of 19-08-2014 founded in 1974 |
10 FTE (2025) |
| Unie Vrijzinnige Verenigingen via MORTIER Freddy André Adolf, at Citadel Finance until 2019 · Director · deed of 26-10-2026 founded in 1971 |
total assets €1.0m (2025) |
| Opvanggezinnen i-mens via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 2003 |
total assets €851,236 (2025) |
| Huuringent via Taeldeman, Sven, at Citadel Finance until 2019 · Director · deed of 22-03-2021 founded in 2013 |
total assets €804,754 (2025) |
| Vlaamse Vereniging voor Ruimte en Planning via Taeldeman, Sven, at Citadel Finance until 2019 · Director · deed of 07-05-2007 founded in 1997 |
5.6 FTE (2025) |
| Centrale raad der niet-Confessionele levensbeschouwelijke gemeenschappen van belgië-Conseil central communautés Philophiques non Confessionnelles de Belg. via MORTIER Freddy André Adolf, at Citadel Finance until 2019 · Director · deed of 17-11-2023 founded in 1972 |
total assets €414,992 (2025) |
| Stichting Edith Devriendt via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 2007 |
total assets €383,684 (2025) |
| Formica via DE BONDT Karel, at Citadel Finance until 2026 · Director (not named in the articles) · deed of 18-03-2024 founded in 2024 |
total assets €304,374 (2025) |
| Sudor via DE BONDT Karel, at Citadel Finance until 2026 · Permanent representative · deed of 04-09-2026 founded in 2024 |
total assets €283,104 (2025) |
| De Sloep i-mens via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 31-07-2026 founded in 1996 |
total assets €0 (2025) |
| i-mens Thuishulp via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 15-10-2026 founded in 1976 |
total assets €0 (2025) |
| Algemeen Ziekenhuis Ganda via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 07-05-2026 |
founded in 2026 |
| Groupe d'Action Locale Rochefort, Marche & Nassogne via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 14-10-2025 |
founded in 2009 |
| Maison Zitoun via Sami Souguir, at Citadel Finance until 2024 · Manager · deed of 29-09-2025 |
founded in 2025 |
| MOG & CO via Philippe Lefebvre, at Citadel Finance until 2023 · Permanent representative · deed of 09-10-2025 |
founded in 2024 |
| Nationaal Park Scheldevallei via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 23-09-2025 |
founded in 2024 |
| North Sea Port Talent via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 21-11-2025 |
founded in 2023 |
| Organisme voor de Financiering van Pensioenen "Pensioenfonds van de Vlaamse Non-Profit/social-Profitsector" via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 02-07-2014 |
founded in 2011 |
| Voetbal in de stad via Bram Van Braeckevelt, at Citadel Finance until 2024 · Director · deed of 22-05-2026 |
founded in 2010 |
| Vrijwilligerswerk i-mens via BALTHAZAR Tom Guy Kamiel, at Citadel Finance until 2017 · Director · deed of 03-03-2020 No longer active · founded in 1995 |
total assets €122,488 (2025) |
| HELIX via DE BONDT Karel, at Citadel Finance until 2026 · Permanent representative · deed of 23-02-2023 No longer active |
total assets €48,914 (2018) |
| BELGISCHE VERENIGING VAN AANNEMERS VAN DICHTINGSWERKEN - ASSOCIATION BELGE DES ENTREPRENEURS D'ETANCHEITE via Philippe Lefebvre, at Citadel Finance until 2023 · Director · deed of 16-07-2004 No longer active |
founded in 1935 |
| CIRCUS ATELIER SALTO via DE BONDT Karel, at Citadel Finance until 2026 · Director · deed of 24-09-2021 No longer active |
founded in 2005 |
Holdings through the years
2006 to 2009| Name | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|
| PARC INVEST | 0.01% | |||
| SIL | listed | |||
| KUIPKE MANAGEMENT | 0.01% | |||
Source: list of holdings in its own accounts
Acquisitions and mergers
1 transactionTook over:CitadelCongres
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling
via Frank Van Goethem · Director · deed of 21-10-2025
Founded in 1964 · 116 FTE (2025)
→
ESPEVELO2
via Frank Van Goethem · Director (not named in the articles) · deed of 05-12-2022
Founded in 2022 · total assets €42.5m (2025) · group PATRONALE LIFE
→
Grondbank The Loop
via Frank Van Goethem · Voorzitter directieraad · deed of 11-08-2026
Founded in 2004 · total assets €34.2m (2025)
→