Citanam
ActiveSummary
The computed 12-month bankruptcy probability of Citanam is 3.6% (moderate). The 2025 annual accounts show equity of €830k and a net result of €184k. Equity is growing by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 818 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-6
Solvency56▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.65 in 2024; short-term debt: 23.5% and cash: 12.6% of total assets), and 69% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31%
Return on assets
6.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
24 d late
2024
58 d early
2023
29 d late
2022
68 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€184k▼ 36.2%
2024 · €288k
Working capital
€-174k▲ 13.1%
2024 · €-200k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€9k-€457k▲ 4,922%€372k▼ 18.8%€313k▼ 15.7%
Net result€-38k-€405k€288k▼ 28.9%€184k▼ 36.2%
Equity€23k-€428k▲ 1,740%€716k▲ 67.2%€830k▲ 15.9%
Total assets€2.68M-€2.73M▲ 1.9%€2.61M▼ 4.5%€2.67M▲ 2.3%
Debt€2.66M-€2.31M▼ 13.3%€1.89M▼ 17.9%€1.84M▼ 2.8%
Working capital€-736k-€-425k▲ 42.3%€-200k▲ 52.9%€-174k▲ 13.1%
Staff (FTE)67.1-169.9▲ 153%52.2▼ 69.3%67.6▲ 29.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.63M
Fixed assets
€2.18M =
Current assets
€453k ▲ 24.0%
Equity and liabilities €2.67M
Equity
€830k ▲ 15.9%
Debt
€1.84M ▼ 2.8%
Debt's share of the balance-sheet total falls from 72.6% to 69.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€520k▼
2024 · €554k
Cash flow
€391k▼
2024 · €470k
Current ratio
0.72▲
2024 · 0.65
Quick ratio
0.64▲
2024 · 0.55
Debt to equity
2.22▼
2024 · 2.65
ROE
22.1%▼
2024 · 40.2%
ROA
6.9%▼
2024 · 11.0%
Interest coverage
9.92▼
2024 · 10.86
Debt ≤ 1 year
€627k▲
2024 · €566k
Debt > 1 year
€1.21M▼
2024 · €1.33M
Income taxes
€78k▲
2024 · €33k
Staff costs
€1.90M▲
2024 · €1.57M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €889k | €1.43M | €1.57M | €1.90M | ▲ 21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99k | €173k | €183k | €207k | ▲ 13.4% |
| Other operating charges640/8 | €10k | €17k | €18k | €18k | ▲ 3.7% |
| Gross operating margin9900 | €1.01M | €2.08M | €2.14M | €2.44M | ▲ 13.9% |
| Operating profit (loss)9901 | €9k | €457k | €372k | €313k | ▼ 15.7% |
| Financial income75/76B | €121 | €502 | €347 | €469 | ▲ 34.9% |
| Recurring financial income75 | €121 | €502 | €347 | €469 | ▲ 34.9% |
| Financial charges65/66B | €47k | €53k | €51k | €52k | ▲ 2.8% |
| Recurring financial charges65 | €47k | €53k | €51k | €52k | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €-38k | €405k | €321k | €261k | ▼ 18.6% |
| Income taxes67/77 | €107 | €306 | €33k | €78k | ▲ 136% |
| Profit (loss) for the period9904 | €-38k | €405k | €288k | €184k | ▼ 36.2% |
| Profit (loss) for the period to be appropriated9905 | €-38k | €405k | €288k | €184k | ▼ 36.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.68M | €2.73M | €2.61M | €2.67M | ▲ 2.3% |
| Formation expenses20 | €121k | €95k | €69k | €42k | ▼ 38.4% |
| Fixed assets21/28 | €2.37M | €2.31M | €2.18M | €2.18M | = |
| Tangible fixed assets22/27 | €2.37M | €2.31M | €2.18M | €2.18M | = |
| Plant, machinery and equipment23 | €1.94M | €1.89M | €1.80M | €1.76M | ▼ 2.4% |
| Furniture and vehicles24 | €410k | €398k | €365k | €411k | ▲ 12.7% |
| Leasing and similar rights25 | €19k | €15k | €11k | €7k | ▼ 36.4% |
| Current assets29/58 | €190k | €334k | €366k | €453k | ▲ 24.0% |
| Stocks and contracts in progress3 | €41k | €62k | €55k | €50k | ▼ 8.0% |
| Stocks30/36 | €41k | €62k | €55k | €50k | ▼ 8.0% |
| Amounts receivable within one year40/41 | €61k | €133k | €96k | €51k | ▼ 46.2% |
| Trade receivables40 | €41k | €111k | €71k | €4k | ▼ 94.7% |
| Other amounts receivable41 | €20k | €22k | €25k | €48k | ▲ 94.5% |
| Cash at bank and in hand54/58 | €81k | €129k | €205k | €337k | ▲ 65.0% |
| Deferred charges and accrued income490/1 | €8k | €10k | €11k | €14k | ▲ 30.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.68M | €2.73M | €2.61M | €2.67M | ▲ 2.3% |
| Equity10/15 | €23k | €428k | €716k | €830k | ▲ 15.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | = |
| Reserves13 | - | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-38k | €361k | €648k | €762k | ▲ 17.5% |
| Amounts payable17/49 | €2.66M | €2.31M | €1.89M | €1.84M | ▼ 2.8% |
| Amounts payable after more than one year17 | €1.72M | €1.54M | €1.33M | €1.21M | ▼ 8.5% |
| Financial debts170/4 | €1.59M | €1.41M | €1.24M | €1.13M | ▼ 9.1% |
| Other amounts payable178/9 | €130k | €130k | €87k | €87k | = |
| Amounts payable within one year42/48 | €927k | €758k | €566k | €627k | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | €169k | €184k | €174k | €200k | ▲ 15.2% |
| Trade debts44 | €473k | €281k | €231k | €147k | ▼ 36.5% |
| Suppliers440/4 | €473k | €281k | €231k | €147k | ▼ 36.5% |
| Advances received on contracts in progress46 | - | €2k | €2k | €2k | = |
| Taxes, remuneration and social security45 | €111k | €161k | €142k | €208k | ▲ 46.0% |
| Taxes450/3 | €20k | €30k | €46k | €95k | ▲ 108% |
| Remuneration and social security454/9 | €90k | €131k | €97k | €113k | ▲ 16.9% |
| Other amounts payable47/48 | €175k | €130k | €16k | €70k | ▲ 339% |
| Accrued charges and deferred income492/3 | €16k | €3k | €1k | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €405k | €288k | €184k | ▼ 36.2% |
| + Depreciation and write-downs630 | €99k | €173k | €183k | €207k | ▲ 13.4% |
| Operating cash flow (approximation) | €61k | €578k | €470k | €391k | ▼ 17.0% |
| Investment in fixed assets (approximation) | - | €-108k | €-53k | €-207k | ▼ 290% |
| Change in cash | - | €48k | €76k | €133k | ▲ 74.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €716k ▲67.2%
2 profitable years in a row build equity to €716k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Back to profitnet €405k
Net result €405k after one loss-making year.
31-12
Financial
Equity above €200kEq €428k ▲1,740%
Equity rises from €23k to €428k.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 2 establishment units since 2021
Ground area
2,721 m²
Building footprint
577 m²
Volume, LiDAR
3,202 m³
2 parcels, Wallonia · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Panorama
since 20212.317.869.438
CITANAM
since 20262.385.873.762
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302D0235/00G010 ProtectedSite or landscape |
Wallonia | 2,484 m² | 1 · 368 m² | 13.1 m · 2 fl. |
| 92101B0003/00L005 | Wallonia | 237 m² | 1 · 209 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.317.869.438
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 3,151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.