CITECO
ActiveSummary
CITECO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673,752 and a net result of -€9,570. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 468 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-5
Solvency90▼-6
Growth54=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.76 in 2024; short-term debt: 27.8% and cash: 5.6% of total assets), and 34.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
65.3%
Return on assets
-0.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
47 d late
2024
48 d early
2023
47 d early
2022
49 d early
2021
30 d early
2020
51 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
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. Usually files around 15 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€540,888▼ 0.4%
2023 · €542,976
EBIT margin
-0.3%▼ 10.9pp
2023 · 10.6%
Net result
-€9,570▼ 323%
2024 · -€2,260
Working capital
€222,727▲ 32.6%
2024 · €167,927
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€446,087▲ 32.6%€486,946▲ 9.2%€542,976▲ 11.5%€540,888▼ 0.4%
Operating result€63,984▲ 152%€85,708▲ 34.0%€57,341▼ 33.1%-€1,677-€8,809▼ 425%
Net result€61,641within the sector's middle half▲ 156%€82,777within the sector's middle half▲ 34.3%€55,804within the sector's middle half▼ 32.6%-€2,260below the sector's middle half-€9,570below the sector's middle half▼ 323%
EBIT margin14.3%▲ 6.8pp17.6%▲ 3.3pp10.6%▼ 7.0pp-0.3%▼ 10.9pp
Equity€497,135within the sector's middle half▲ 46.6%€608,660within the sector's middle half▲ 22.4%€746,261within the sector's middle half▲ 22.6%€714,195within the sector's middle half▼ 4.3%€673,752within the sector's middle half▼ 5.7%
Total assets€913,885within the sector's middle half▲ 24.7%€1.2mwithin the sector's middle half▲ 27.2%€1.2mwithin the sector's middle half▲ 0.1%€1.0mwithin the sector's middle half▼ 13.8%€1.0mwithin the sector's middle half▲ 3.0%
Debt€359,459▼ 0.1%€499,277▲ 38.9%€362,258▼ 27.4%€233,705▼ 35.5%€289,548▲ 23.9%
Working capital€178,920within the sector's middle half▲ 100%€181,362within the sector's middle half▲ 1.4%€190,082within the sector's middle half▲ 4.8%€167,927within the sector's middle half▼ 11.7%€222,727within the sector's middle half▲ 32.6%
Solvency54.4%within the sector's middle half▲ 8.1pp52.4%within the sector's middle half▼ 2.0pp64.2%within the sector's middle half▲ 11.8pp71.3%within the sector's middle half▲ 7.1pp65.3%within the sector's middle half▼ 6.0pp
Current ratio1.68within the sector's middle half▲ 0.311.50within the sector's middle half▼ 0.181.65within the sector's middle half▲ 0.151.76within the sector's middle half▲ 0.111.78within the sector's middle half▲ 0.02
Return on assets (ROA)6.7%within the sector's middle half▲ 3.5pp7.1%above the sector's middle half▲ 0.4pp4.8%within the sector's middle half▼ 2.3pp-0.2%below the sector's middle half▼ 5.0pp-0.9%below the sector's middle half▼ 0.7pp
Staff (FTE)38.3within the sector's middle half▲ 2.1%37.8within the sector's middle half▼ 1.3%39.1within the sector's middle half▲ 3.4%39.7within the sector's middle half▲ 1.5%38.7above the sector's middle half▼ 2.5%
above
within
below
the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,809 in 2025 against €1,677 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€522,575 ▼ 14.6%
Current assets
€509,842 ▲ 30.8%
Equity and liabilities €1.0m
Equity
€673,752 ▼ 5.7%
Provisions
€69,117 ▲ 27.7%
Debt
€289,548 ▲ 23.9%
Debt's share of the balance-sheet total rises from 23.3% to 28.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€78,959▼
2024 · €85,589
Cash flow
€78,197▼
2024 · €85,005
Quick ratio
1.73▲
2024 · 1.69
Debt to equity
0.43▲
2024 · 0.33
ROE
-1.4%▼
2024 · -0.3%
Interest coverage
71.05▼
2024 · 84.24
Debt ≤ 1 year
€287,114▲
2024 · €221,829
Debt > 1 year
€1,860▼
2024 · €10,938
Staff costs
€1.4m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.4m | €1.5m | €1.6m | €1.6m | - | - |
| Turnover70 | €446,087 | €486,946 | €542,976 | €540,888 | - | - |
| Other operating income74 | €20,460 | €21,427 | €17,086 | €1,677 | - | - |
| Operating charges60/66A | €1.3m | €1.4m | €1.6m | €1.6m | - | - |
| Goods for resale, raw materials and consumables60 | €47,317 | €43,979 | €41,095 | €49,831 | - | - |
| Purchases600/8 | €49,112 | €50,116 | €40,545 | €47,643 | - | - |
| Change in stocks: decrease (increase)609 | -€1,796 | -€6,138 | €549 | €2,188 | - | - |
| Services and other goods61 | €130,090 | €135,058 | €169,960 | €154,649 | - | - |
| Remuneration, social security and pensions62 | €1.0m | €1.2m | €1.3m | €1.4m | €1.4m | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,804 | €64,238 | €80,248 | €87,266 | €87,768 | ▲ 0.6% |
| Other operating charges640/8 | €2,034 | €4,192 | €3,264 | €3,738 | €2,790 | ▼ 25.4% |
| Non-recurring operating charges66A | €174 | €727 | - | - | €30,502 | - |
| Gross operating margin9900 | - | - | - | - | €1.5m | - |
| Operating profit (loss)9901 | €63,984 | €85,708 | €57,341 | -€1,677 | -€8,809 | ▼ 425% |
| Financial income75/76B | €36 | - | €602 | €433 | €350 | ▼ 19.2% |
| Recurring financial income75 | €36 | - | €602 | €433 | €350 | ▼ 19.2% |
| Income from financial fixed assets750 | - | - | - | €109 | - | - |
| Other financial income752/9 | €36 | - | €602 | €323 | - | - |
| Financial charges65/66B | €2,379 | €2,930 | €2,139 | €1,016 | €1,111 | ▲ 9.4% |
| Recurring financial charges65 | €2,379 | €2,930 | €2,139 | €1,016 | €1,111 | ▲ 9.4% |
| Debt charges650 | €60 | €30 | - | - | - | - |
| Other financial charges652/9 | €2,319 | €2,900 | €2,139 | €1,016 | - | - |
| Profit (loss) for the period before taxes9903 | €61,641 | €82,777 | €55,804 | -€2,260 | -€9,570 | ▼ 323% |
| Profit (loss) for the period9904 | €61,641 | €82,777 | €55,804 | -€2,260 | -€9,570 | ▼ 323% |
| Profit (loss) for the period to be appropriated9905 | €61,641 | €82,777 | €55,804 | -€2,260 | -€9,570 | ▼ 323% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €913,885 | €1.2m | €1.2m | €1.0m | €1.0m | ▲ 3.0% |
| Fixed assets21/28 | €472,201 | €618,682 | €679,254 | €612,262 | €522,575 | ▼ 14.6% |
| Tangible fixed assets22/27 | €467,361 | €613,842 | €673,084 | €606,592 | €521,145 | ▼ 14.1% |
| Land and buildings22 | €263,902 | €250,303 | €236,705 | €223,109 | €209,513 | ▼ 6.1% |
| Plant, machinery and equipment23 | €169,445 | €292,503 | €383,798 | €348,074 | €292,947 | ▼ 15.8% |
| Furniture and vehicles24 | €34,014 | €71,036 | €52,582 | €35,409 | €18,685 | ▼ 47.2% |
| Financial fixed assets28 | €4,840 | €4,840 | €6,170 | €5,670 | €1,430 | ▼ 74.8% |
| Other financial fixed assets284/8 | €4,840 | €4,840 | €6,170 | €5,670 | - | - |
| Amounts receivable and cash guarantees285/8 | €4,840 | €4,840 | €6,170 | €5,670 | - | - |
| Current assets29/58 | €441,685 | €543,372 | €483,382 | €389,756 | €509,842 | ▲ 30.8% |
| Stocks and contracts in progress3 | €10,617 | €16,754 | €16,205 | €14,017 | €13,135 | ▼ 6.3% |
| Stocks30/36 | €10,617 | €16,754 | €16,205 | €14,017 | €13,135 | ▼ 6.3% |
| Raw materials and consumables30/31 | €10,617 | €16,754 | €16,205 | €14,017 | - | - |
| Amounts receivable within one year40/41 | €199,732 | €349,711 | €366,241 | €193,710 | €272,015 | ▲ 40.4% |
| Trade receivables40 | €95,971 | €166,015 | €100,524 | €94,176 | €152,731 | ▲ 62.2% |
| Other amounts receivable41 | €103,760 | €183,695 | €265,717 | €99,534 | €119,283 | ▲ 19.8% |
| Current investments50/53 | €95,056 | €95,056 | €30,056 | €30,165 | €160,323 | ▲ 431% |
| Cash at bank and in hand54/58 | €108,070 | €67,636 | €53,446 | €151,817 | €57,984 | ▼ 61.8% |
| Deferred charges and accrued income490/1 | €28,211 | €14,215 | €17,433 | €47 | €6,384 | ▲ 13,423% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €913,885 | €1.2m | €1.2m | €1.0m | €1.0m | ▲ 3.0% |
| Equity10/15 | €497,135 | €608,660 | €746,261 | €714,195 | €673,752 | ▼ 5.7% |
| Contributions10/11 | - | €159,156 | €159,156 | €159,156 | €159,156 | = |
| Capital10 | - | €159,156 | €159,156 | €159,156 | €159,156 | = |
| Revaluation surpluses12 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Profit (loss) carried forward14 | -€108,361 | -€25,584 | €30,220 | €27,960 | €18,389 | ▼ 34.2% |
| Investment grants15 | €96,341 | €125,088 | €206,885 | €177,080 | €146,207 | ▼ 17.4% |
| Provisions and deferred taxes16 | €57,291 | €54,117 | €54,117 | €54,117 | €69,117 | ▲ 27.7% |
| Provisions for liabilities and charges160/5 | €57,291 | €54,117 | €54,117 | €54,117 | €69,117 | ▲ 27.7% |
| Other liabilities and charges164/5 | €57,291 | €54,117 | €54,117 | €54,117 | €69,117 | ▲ 27.7% |
| Amounts payable17/49 | €359,459 | €499,277 | €362,258 | €233,705 | €289,548 | ▲ 23.9% |
| Amounts payable after more than one year17 | €96,694 | €93,195 | €67,970 | €10,938 | €1,860 | ▼ 83.0% |
| Other amounts payable178/9 | €96,694 | €93,195 | €67,970 | €10,938 | €1,860 | ▼ 83.0% |
| Amounts payable within one year42/48 | €262,765 | €362,010 | €293,299 | €221,829 | €287,114 | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €21,387 | €26,593 | €25,225 | €9,620 | €9,078 | ▼ 5.6% |
| Financial debts43 | €42,457 | €57,876 | - | - | - | - |
| Credit institutions430/8 | €42,457 | €57,876 | - | - | - | - |
| Trade debts44 | €38,914 | €84,278 | €75,212 | €29,175 | €42,203 | ▲ 44.7% |
| Suppliers440/4 | €38,914 | €84,278 | €75,212 | €29,175 | €42,203 | ▲ 44.7% |
| Advances received on contracts in progress46 | €48 | €185 | €7,168 | €2,938 | €3,261 | ▲ 11.0% |
| Taxes, remuneration and social security45 | €127,199 | €188,926 | €180,394 | €170,899 | €192,874 | ▲ 12.9% |
| Taxes450/3 | €11,543 | €48,800 | €17,807 | €20,397 | €25,945 | ▲ 27.2% |
| Remuneration and social security454/9 | €115,657 | €140,126 | €162,588 | €150,502 | €166,929 | ▲ 10.9% |
| Accrued charges and deferred income492/3 | - | €44,072 | €989 | €938 | €573 | ▼ 38.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,641 | €82,777 | €55,804 | -€2,260 | -€9,570 | ▼ 323% |
| + Depreciation and write-downs630 | €54,804 | €64,238 | €80,248 | €87,266 | €87,768 | ▲ 0.6% |
| Operating cash flow (approximation) | €116,446 | €147,016 | €136,051 | €85,005 | €78,197 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€210,720 | -€140,820 | -€20,273 | €1,919 | ▲ 109% |
| Change in cash | - | -€40,434 | -€14,190 | €98,371 | -€93,833 | ▼ 195% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 47 days late
2025
31-12
Financial
Weakest financial yearnet -€9,570
Net result drops to -€9,570, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €82,777 ▲34.3%
Operating result €85,708, net result €82,777, both a record.
31-12
Financial
Equity above €500,000Eq €608,660 ▲22.4%
5 profitable years in a row build equity to €608,660.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
17 acts for this company are 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, Schaarbeek · 1 establishment unit since 2005
Ground area
926 m²
Building footprint
92 m²
Volume, LiDAR
724 m³
Parcel 21906D0042/00H008, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ONA ENTREPRISE
since 20052.150.606.695
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0042/00H008 | Brussels | 925 m² | 1 · 92 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 283 companies in sector 88993 we hold annual accounts for 246. 180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded22-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
88993Social work activities without accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460976761
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.