CITIZENFUND
The computed 12-month bankruptcy probability of CITIZENFUND is 0.1% (very low). The 2024 annual accounts show equity of €498k and a net result of €-38k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 12451 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €498k |
| Net result | €-38k |
| Better than sector | 95% |
| Active | 9 yrs |
Strong profile, led by solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 94.8% | 60.6% | |
| Net result | €-38k | €31k | |
| Equity | €498k | €63k | |
| Gross operating margin | €-652 | €52k | |
| Total assets | €525k | €124k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-16k |
| Net profit | €-38k |
| Cash flow | €-36k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €525k |
| Equity | €498k |
| Debt | €27k |
| of which ≤ 1y | €27k |
| of which > 1y | - |
| Working capital | €205k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 8.49 |
| Quick ratio | 8.49 |
| Working capital ratio | 39.0% |
| Solvency | 94.8% |
| Debt / equity | 0.05 |
| Long-term debt ratio | - |
| Interest coverage | -60.01 |
| Gross margin | - |
| Net margin | - |
| ROA | -7.3% |
| ROE | -7.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €525k |
| Fixed assets | 21/28 | €293k |
| Intangible fixed assets | 21 | €3k |
| Financial fixed assets | 28 | €290k |
| Current assets | 29/58 | €232k |
| Amounts receivable within one year | 40/41 | €10k |
| Cash & bank | 54/58 | €151k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €525k |
| Equity | 10/15 | €498k |
| Contributions / capital | 10/11 | €548k |
| Accumulated profits (losses) | 14 | €-50k |
| Amounts payable | 17/49 | €27k |
| Amounts payable within one year | 42/48 | €27k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €-652 |
| Operating result | 9901 | €-18k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €261 |
| Result before taxes | 9903 | €-38k |
| Net result for the period | 9904 | €-38k |
| Result to be appropriated | 9905 | €-38k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Cooperative company(706) |
| Incorporation | 31-05-2017 |
| Status | Active |
| Postal code | 1170 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-05-2025 4 directors appointed, 2 resigning, 1 reappointed
- Christel DROOGMANS, Bestuurder
- Alain BORIBON, Bestuurder
- Virgile DESCROIX, Bestuurder
- Frédéric Brouet, Directeur
- Boostreia, Bestuurder
- Gaëlle MAHOUX, Bestuurder
- Pierre SCHMIT, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Boostreia",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": {
"kbo": "0649.844.570",
"name": "Boostreia",
"address": "chauss\u00E9e de Louvain 775, \u00E0 1140 Evere",
"country": "BE",
"legal_form": "SARL"
},
"statutory": null,
"compensated": null,
"effective_date": "2023-12-31",
"evidence_quote": "Pour autant n\u00E9cessaire, l\u0027assembl\u00E9e g\u00E9n\u00E9rale prend note et accepte la d\u00E9mission des administrateurs",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Ga\u00EBlle MAHOUX",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2023-06-06",
"evidence_quote": "Madame Ga\u00EBlle MAHOUX, dont la d\u00E9mission a pris effet au 6 juin 2023.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_renew",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Pierre SCHMIT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": null,
"compensated": false,
"effective_date": null,
"evidence_quote": "Les actionnaires d\u00E9cident \u00E9galement de renouveler le mandat de Monsieur Pierre SCHMIT pour une nouvelle dur\u00E9e de quatre (4) ann\u00E9es, expirant \u00E0 la date de l\u0027assembl\u00E9e g\u00E9n\u00E9rale ordinaire de l\u0027ann\u00E9e 2028.",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2028"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": "640620-086.21",
"name": "Christel DROOGMANS",
"address": "avenue El\u00E9onore 33, \u00E0 1150 Bruxelles",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": false,
"effective_date": "2023-03-15",
"evidence_quote": "Madame Christel DROOGMANS (n\u0027reg. Nat. 640620-086.21), domicili\u00E9e avenue El\u00E9onore 33, \u00E0 1150 Bruxelles avec effet au 15 mars 2023;",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "4"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": "650715-083.08",
"name": "Alain BORIBON",
"address": "dr\u00E8ve de Limauge 17A, \u00E0 1470 Bousval",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": false,
"effective_date": "2024-01-01",
"evidence_quote": "Monsieur Alain BORIBON (n\u00BAreg. Nat. 650715-083.08) domicili\u00E9 dr\u00E8ve de Limauge 17A, \u00E0 1470 Bousval avec effet au 1ier janvier 2024;",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "4"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": "940616-695.65",
"name": "Virgile DESCROIX",
"address": "rue de la Consolation 97, \u00E0 1030 Schaerbeek",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": false,
"effective_date": "2024-06-27",
"evidence_quote": "Monsieur Virgile DESCROIX (n\u00B0reg. Nat. 940616-695.65), domicili\u00E9 rue de la Consolation 97, \u00E0 1030 Schaerbeek, avec effet au 27 juin 2024.",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "4"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "administrateur",
"person": {
"rrn": null,
"name": "SHARIFY ASBL",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0658.869.926",
"name": "SHARIFY ASBL",
"address": null,
"country": "BE",
"legal_form": "ASBL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "SHARIFY ASBL, inscrite au registre des personnes morales du tribunal de l\u0027entreprise francophone de Bruxelles sous le num\u00E9ro 0658.869.926, dont le repr\u00E9sentant permanent est Monsieur Alexandre Philippe;",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Pierre SCHMIT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Monsieur Pierre SCHMIT",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Alain BORIBON",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Monsieur Alain BORIBON",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "directeur",
"person": {
"rrn": null,
"name": "Fr\u00E9d\u00E9ric Brouet",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": "1004.501.514",
"name": "Ax\u0027well SRL",
"address": "Avenue du Cor de Chasse 21 1170 Watermael-Boitsfort",
"country": "BE",
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Les administrateurs de la Soci\u00E9t\u00E9 d\u00E9cident, \u00E0 l\u0027unanimit\u00E9, de donner ici mandat \u00E0 Monsieur Fr\u00E9d\u00E9ric Brouet, ou chaque repr\u00E9sentant de Ax\u0027well SRL",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "directeur",
"person": {
"rrn": null,
"name": "Fr\u00E9d\u00E9ric Brouet",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": "1004.501.514",
"name": "Ax\u0027well SRL",
"address": "Avenue du Cor de Chasse 21 1170 Watermael-Boitsfort",
"country": "BE",
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "ou chaque repr\u00E9sentant de Ax\u0027well SRL, dont le si\u00E8ge social est sis Avenue du Cor de Chasse 21 1170 Watermael-Boitsfort, inscrite \u00E0 la banque-carrefour des entreprises sous le num\u00E9ro 1004.501.514 avec le pouvoir d\u0027agir seul et avec un pouvoir de sous-d\u00E9l\u00E9gation",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "directeur",
"person": {
"rrn": null,
"name": "Fr\u00E9d\u00E9ric Brouet",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": "1004.501.514",
"name": "Ax\u0027well SRL",
"address": "Avenue du Cor de Chasse 21 1170 Watermael-Boitsfort",
"country": "BE",
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "aux fins d\u0027accomplir toutes les d\u00E9marches n\u00E9cessaires aupr\u00E8s des administrations et des tiers, en vue de proc\u00E9der aux formalit\u00E9s requises pour la publication aux Annexes du Moniteur Belge de la d\u00E9cision ci-dessus adopt\u00E9e (en ce compris la signature des formulaires I et II), ainsi que pour proc\u00E9der a",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2025-05-30",
"filing_date": "2025-05-22",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-11-26",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0676.463.053",
"name_full": "CITIZENFUND",
"legal_form": "Soci\u00E9t\u00E9 Coop\u00E9rative"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Alain Boribon",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}18-01-2023 1 resigning, 2 reappointed
- Alain BORIBON, Directeur
- BOOSTREIA, Directeur
- SHARIFY, Directeur
Technical details
{
"events": [
{
"kind": "director_out",
"role": "directeur",
"person": {
"rrn": null,
"name": "Alain BORIBON",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale, par vote sp\u00E9cial, accepte la d\u00E9mission de Alain BORIBON de son mandat d\u0027administrateur et d\u00E9l\u00E9gu\u00E9 \u00E0 la gestion.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_renew",
"role": "directeur",
"person": {
"rrn": "0649.844.570",
"name": "BOOSTREIA",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale, parvote sp\u00E9cial, accepte la prolongation du mandats d\u0027administrateur et d\u00E9l\u00E9gu\u00E9 \u00E0 la gestion joumali\u00E8re de BOOSTREIA (0649.844.570) pourune dur\u00E9e de 4 ans. Son repr\u00E9sentantpermanent n\u0027est plus Thibaut MARTENS ( n\u00E9 \u00E0 Uccle le 29/05/1981) mais dor\u00E9navant Alain BORIBON, n\u00E9 \u00E0 Etter",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "4"
},
"rep_rotation_new_rep": "Alain BORIBON",
"rep_rotation_old_rep": "Thibaut MARTENS",
"effective_date_qualifier": null
},
{
"kind": "director_renew",
"role": "directeur",
"person": {
"rrn": "0658.869.926",
"name": "SHARIFY",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale, parvote sp\u00E9cial, accepte \u00E9galementla prolongation du mandats d\u0027administrateur de SHARIFY (0658.869.926) pour une dur\u00E9e de 4 ans. Son repr\u00E9sentant permanent n\u0027est plus Bastien VAN WYLICK (n\u00E9 \u00E0 Etterbeek le 12/01/1986), mais dor\u00E9navant Alexandre PHILIPPE, n\u00E9 \u00E0 Bruxelles le 06/09/",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "4"
},
"rep_rotation_new_rep": "Alexandre PHILIPPE",
"rep_rotation_old_rep": "Bastien VAN WYLICK",
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Watermael-Boitsfort",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-01-18",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-05-16",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0676.463.053",
"name_full": "CITIZENFUND",
"legal_form": "Soci\u00E9t\u00E9 Coop\u00E9rative"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Alain Boribon",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}21-03-2022 Registered office moved from Evere to Watermael-Boitsfort
- Chaussée de Louvain 775, à 1140 Evere → 1170 Watermael-Boitsfort, chaussée de la Hulpe, 150
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "combined",
"new_address": {
"raw": "1170 Watermael-Boitsfort, chauss\u00E9e de la Hulpe, 150",
"city": "Watermael-Boitsfort",
"region": "brussels_hoofdstedelijk_gewest",
"street": "chauss\u00E9e de la Hulpe",
"country": "BE",
"postcode": "1170",
"box_number": null,
"street_number": "150",
"locality_suffix": null
},
"old_address": {
"raw": "Chauss\u00E9e de Louvain 775, \u00E0 1140 Evere",
"city": "Evere",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Chauss\u00E9e de Louvain",
"country": "BE",
"postcode": "1140",
"box_number": null,
"street_number": "775",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2022-03-14",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "conseil_d_administration",
"date": "2022-02-21",
"unanimous": null
},
"subject_company": {
"kbo": "0676.463.053",
"name_full": "CITIZENFUND",
"legal_form": "Soci\u00E9t\u00E9 Coop\u00E9rative"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Vincent HARDI",
"org_rep_person_name": null,
"person_role_at_subject": "administrateur"
},
"co_filed_documents": [
"Annexes du Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | CITIZENFUND |