Financials
- Fiscal year
- 2024
- Turnover
- €13.8m
- Profit
- €615,767
- Solvency
- 71.9%
Turnover▲ 122%
Net result
20202024
CITEXAR
ActiveSummary
CITEXAR has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.9m and a net result of €615,767. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 516 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Other amusement and recreation activities
NACE 93299NACE 92340NACE 92722
#8 employer in the Brussels-Capital Region, Sports and recreation sector2 sites
Size
€13.8mturnover 2024
- Staff
- 47.6 FTE
- Equity
- €5.9m
- Profit
- €615,767
Structure
- Parent
- L'AUTOMATIQUE ELECTRONIQUE · 80%
Accounts 65 d overdue0 of 12 deeds read
Why 98- Figures for FY 2024 (filed 20-06-2025)+ Liquidity: current ratio 3.41, cash €5.6m+ Founded in 1993+ Equity €5.9m (71.9% of total assets)Show the evidence
Checked score
Score 2024
98
/ 100
Excellent
Probability in this band: under 0.55%
Better than 80% of its sector peers (NACE 93, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
97+6
equity 71.9% of total assets
Liquidity
89+4
short-term debt 28.1% · cash 68.7%
Profitability
75-7
return on assets 7.6%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● 0.0% vs 11-2024
01-2025: < 0.1%● 0.0% vs 12-2024
02-2025: < 0.1%● 0.0% vs 01-2025
03-2025: < 0.1%● 0.0% vs 02-2025
04-2025: < 0.1%▲ +3.6% vs 03-2025
05-2025: < 0.1%● 0.0% vs 04-2025
06-2025: < 0.1%▲ +3.4% vs 05-2025
07-2025: < 0.1%▼ -13.3% vs 06-2025
08-2025: < 0.1%● 0.0% vs 07-2025
09-2025: < 0.1%● 0.0% vs 08-2025
10-2025: < 0.1%● 0.0% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%● 0.0% vs 12-2025
02-2026: < 0.1%▼ -3.8% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%● 0.0% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%● 0.0% vs 06-2026lowest value
08-2026: < 0.1%▲ +44.0% vs 07-2026
09-2026: < 0.1%▲ +5.6% vs 08-2026
10-2026: < 0.1%▲ +21.1% vs 09-2026highest value
- Liquidity: current ratio 3.41, cash €5.6m lowers the probability
- Figures for FY 2024 (filed 20-06-2025) raises the probability
- Founded in 1993 lowers the probability for this profile
- Equity €5.9m (71.9% of total assets) lowers the probability
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 3.41 against 2.74 in 2023; short-term debt: 28.1% and cash: 68.7% of total assets), and 28.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, small). Better than this share of them on solvency 86%, liquidity 94%, profitability 74%, growth against the median 67%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
30 d early
2022
35 d early
2021
30 d early
2020
18 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
- Equity above €5mEq €5.2m ▲18.4%
Key points
By topic
Board & ownership
- Parent
- L'AUTOMATIQUE ELECTRONIQUE · 80%
- Known shareholders
- 100%
Timeline
- Events
- 14
- Since
- 2016
- 20-06-2025Annual accounts filed
- 01-07-2024Annual accounts filed
- 31-12-2023Equity above €5m
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Other amusement and recreation activitiesNACE 93299
- Founded
- 18-03-1993
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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