CITMS
ActiveSummary
CITMS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €49k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+5
Solvency35▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.64 in 2024; short-term debt: 30.4% and cash: 5.3% of total assets), and 90.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
9.8%
Return on assets
6.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 8 filingsDeviation from the deadline
2025
6 d late
2024
19 d late
2023
27 d late
2022
30 d late
2021
30 d late
2020
2 d early
2019
23 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, micro schema
Equity
€69k▼ 23.6%
2024 · €90k
2018: €22k
2019: €28k▲ +24.3% vs 2018
2020: €32k▲ +16.4% vs 2019
2021: €48k▲ +48.0% vs 2020
2022: €20k▼ -58.1% vs 2021lowest in 8 years
2023: €73k▲ +265% vs 2022
2024: €90k▲ +23.1% vs 2023highest in 8 years
2025: €69k▼ -23.6% vs 2024
2018 → 2025
Total assets
€704k▲ 9.6%
2024 · €642k
2018: €33klowest in 8 years
2019: €92k▲ +180% vs 2018
2020: €99k▲ +7.2% vs 2019
2021: €117k▲ +18.5% vs 2020
2022: €218k▲ +85.3% vs 2021
2023: €233k▲ +7.0% vs 2022
2024: €642k▲ +176% vs 2023
2025: €704k▲ +9.6% vs 2024highest in 8 years
2018 → 2025
Net result
€49k▲ 188%
2024 · €17k
2018: €16k
2019: €-7k▼ -143% vs 2018lowest in 8 years
2020: €5k▲ +165% vs 2019
2021: €16k▲ +240% vs 2020
2022: €69k▲ +345% vs 2021highest in 8 years
2023: €53k▼ -23.1% vs 2022
2024: €17k▼ -68.1% vs 2023
2025: €49k▲ +188% vs 2024
2018 → 2025
Working capital
€-136k▼ 193%
2024 · €-46k
2018: €10khighest in 8 years
2019: €-43k▼ -545% vs 2018
2020: €-36k▲ +15.7% vs 2019
2021: €-24k▲ +33.5% vs 2020
2022: €-64k▼ -166% vs 2021
2023: €-23k▲ +64.8% vs 2022
2024: €-46k▼ -105% vs 2023
2025: €-136k▼ -193% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€20k▼ 58.1%€73k▲ 265%€90k▲ 23.1%€69k▼ 23.6%
2021: €48k
2022: €20k▼ -58.1% vs 2021lowest in 5 years
2023: €73k▲ +265% vs 2022
2024: €90k▲ +23.1% vs 2023highest in 5 years
2025: €69k▼ -23.6% vs 2024
Operating result€24k-€98k▲ 299%€74k▼ 24.2%€40k▼ 45.5%€87k▲ 116%
2021: €24klowest in 5 years
2022: €98k▲ +299% vs 2021highest in 5 years
2023: €74k▼ -24.2% vs 2022
2024: €40k▼ -45.5% vs 2023
2025: €87k▲ +116% vs 2024
Net result€16k-€69k▲ 345%€53k▼ 23.1%€17k▼ 68.1%€49k▲ 188%
2021: €16klowest in 5 years
2022: €69k▲ +345% vs 2021highest in 5 years
2023: €53k▼ -23.1% vs 2022
2024: €17k▼ -68.1% vs 2023
2025: €49k▲ +188% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€626k ▲ 12.0%
Current assets
€78k ▼ 6.2%
Equity and liabilities €704k
Equity
€69k ▼ 23.6%
Debt
€635k ▲ 15.0%
Debt's share of the balance-sheet total rises from 86.0% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€128k▲
2024 · €111k
Cash flow
€90k▲
2024 · €87k
Current ratio
0.37▼
2024 · 0.64
Debt to equity
9.22▲
2024 · 6.13
ROE
70.8%▲
2024 · 18.8%
ROA
6.9%▲
2024 · 2.6%
Interest coverage
6.13▼
2024 · 8.22
Debt ≤ 1 year
€214k▲
2024 · €130k
Debt > 1 year
€421k▼
2024 · €422k
Income taxes
€18k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€642k€704k▲
Fixed assets21/28€559k€626k▲
Tangible fixed assets22/27€559k€626k▲
Land and buildings22€512k€589k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€45k€35k▼
Financial fixed assets28€25€25=
Current assets29/58€83k€78k▼
Amounts receivable within one year40/41€57k€39k▼
Trade receivables40€57k€39k▼
Cash at bank and in hand54/58€23k€37k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€642k€704k▲
Equity10/15€90k€69k▼
Contributions10/11€19k€20k▲
Reserves13€1k-
Distributable reserves133€1k-
Profit (loss) carried forward14€71k€49k▼
Amounts payable17/49€552k€635k▲
Amounts payable after more than one year17€422k€421k▼
Financial debts170/4€422k€421k▼
Amounts payable within one year42/48€130k€214k▲
Current portion of amounts payable after more than one year42€22k€27k▲
Trade debts44€3k€10k▲
Suppliers440/4€3k€10k▲
Taxes, remuneration and social security45€19k€44k▲
Taxes450/3€19k€44k▲
Other amounts payable47/48€86k€132k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€41k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€413€296▼
Gross operating margin9900€115k€133k▲
Operating profit (loss)9901€40k€87k▲
Financial income75/76B€279€31▼
Recurring financial income75€279€31▼
Financial charges65/66B€13k€21k▲
Recurring financial charges65€13k€21k▲
Profit (loss) for the period before taxes9903€27k€66k▲
Income taxes67/77€10k€18k▲
Profit (loss) for the period9904€17k€49k▲
Profit (loss) for the period to be appropriated9905€17k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€119k▲
Profit (loss) brought forward from the previous period14P€54k€71k▲
Profit to be distributed694/7-€70k
Return on contributions (dividend)694-€70k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €7k | €10k | €70k | €41k | ▼ 41.7% |
| Other operating charges640/8 | €816 | €1k | €2k | €4k | €4k | ▼ 2.9% |
| Non-recurring operating charges66A | €53 | €124 | €116 | €413 | €296 | ▼ 28.3% |
| Gross operating margin9900 | €34k | €106k | €86k | €115k | €133k | ▲ 15.0% |
| Operating profit (loss)9901 | €24k | €98k | €74k | €40k | €87k | ▲ 116% |
| Financial income75/76B | €1 | €5 | €9 | €279 | €31 | ▼ 89.0% |
| Recurring financial income75 | €1 | €5 | €9 | €279 | €31 | ▼ 89.0% |
| Financial charges65/66B | €952 | €1k | €2k | €13k | €21k | ▲ 55.4% |
| Recurring financial charges65 | €952 | €1k | €2k | €13k | €21k | ▲ 55.4% |
| Profit (loss) for the period before taxes9903 | €24k | €96k | €72k | €27k | €66k | ▲ 144% |
| Income taxes67/77 | €8k | €27k | €19k | €10k | €18k | ▲ 71.9% |
| Profit (loss) for the period9904 | €16k | €69k | €53k | €17k | €49k | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | €16k | €69k | €53k | €17k | €49k | ▲ 188% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €218k | €233k | €642k | €704k | ▲ 9.6% |
| Fixed assets21/28 | €73k | €84k | €96k | €559k | €626k | ▲ 12.0% |
| Tangible fixed assets22/27 | €73k | €84k | €96k | €559k | €626k | ▲ 12.0% |
| Land and buildings22 | €65k | €78k | €72k | €512k | €589k | ▲ 15.1% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €1k | ▼ 29.0% |
| Furniture and vehicles24 | €8k | €7k | €21k | €45k | €35k | ▼ 21.9% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €44k | €133k | €137k | €83k | €78k | ▼ 6.2% |
| Amounts receivable within one year40/41 | €35k | €80k | €71k | €57k | €39k | ▼ 32.3% |
| Trade receivables40 | €35k | €80k | €60k | €57k | €39k | ▼ 32.3% |
| Other amounts receivable41 | - | - | €12k | - | - | - |
| Cash at bank and in hand54/58 | €8k | €50k | €62k | €23k | €37k | ▲ 64.5% |
| Deferred charges and accrued income490/1 | €2k | €4k | €4k | €4k | €2k | ▼ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €218k | €233k | €642k | €704k | ▲ 9.6% |
| Equity10/15 | €48k | €20k | €73k | €90k | €69k | ▼ 23.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €20k | ▲ 5.4% |
| Reserves13 | €1k | €1k | €1k | €1k | - | - |
| Non-distributable reserves130/1 | €1k | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | €1k | - | - | - |
| Distributable reserves133 | - | - | - | €1k | - | - |
| Profit (loss) carried forward14 | €28k | €463 | €54k | €71k | €49k | ▼ 30.1% |
| Amounts payable17/49 | €70k | €198k | €160k | €552k | €635k | ▲ 15.0% |
| Amounts payable after more than one year17 | €1k | - | - | €422k | €421k | ▼ 0.3% |
| Financial debts170/4 | €1k | - | - | €422k | €421k | ▼ 0.3% |
| Amounts payable within one year42/48 | €68k | €198k | €160k | €130k | €214k | ▲ 64.9% |
| Current portion of amounts payable after more than one year42 | €2k | €1k | - | €22k | €27k | ▲ 23.4% |
| Trade debts44 | €3k | €21k | €10k | €3k | €10k | ▲ 302% |
| Suppliers440/4 | €3k | €21k | €10k | €3k | €10k | ▲ 302% |
| Taxes, remuneration and social security45 | €20k | €45k | €39k | €19k | €44k | ▲ 137% |
| Taxes450/3 | €20k | €45k | €39k | €19k | €44k | ▲ 137% |
| Other amounts payable47/48 | €43k | €130k | €111k | €86k | €132k | ▲ 52.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €69k | €53k | €17k | €49k | ▲ 188% |
| + Depreciation and write-downs630 | €9k | €7k | €10k | €70k | €41k | ▼ 41.7% |
| Operating cash flow (approximation) | €24k | €76k | €63k | €87k | €90k | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | €-18k | €-21k | €-533k | €-108k | ▲ 79.8% |
| Change in cash | - | €42k | €13k | €-40k | €15k | ▲ 137% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €69k ▲345%
Operating result €98k, net result €69k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Berlaar · 1 establishment unit since 2017
Ground area
824 m²
Building footprint
147 m²
Volume, LiDAR
1,008 m³
Parcel 12002D0426/00N000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CITMS
since 20172.263.325.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0426/00N000 | Flanders | 824 m² | 1 · 147 m² | 11.7 m · 2 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 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.