CITO
ActiveSummary
CITO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €471,144 and a net result of €41,983. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 6.0 against 4.7 in 2023; short-term debt: 10.5% and cash: 3.5% of total assets), and 10.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2024Solvency, return and age of the figures
Solvency
89.5%
Return on assets
8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 · 10 filingsDeviation from the deadline
2024
77 d late
2023
on the day
2022
24 d late
2021
8 d late
2020
on the day
2019
on the day
2018
38 d late
← 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 21 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€471,144▲ 5.4%
2023 · €447,161
Total assets
€526,239▲ 4.5%
2023 · €503,537
Net result
€41,983▼ 19.5%
2023 · €52,137
Working capital
€275,629▲ 32.0%
2023 · €208,790
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
Line20202021202220232024
Operating result€53,375▲ 36.0%€56,186▲ 5.3%€46,546▼ 17.2%€70,271▲ 51.0%€62,725▼ 10.7%
Net result€38,931▲ 60.9%€42,704▲ 9.7%€33,354▼ 21.9%€52,137▲ 56.3%€41,983▼ 19.5%
Equity€333,966▲ 13.2%€376,670▲ 12.8%€410,024▲ 8.9%€447,161▲ 9.1%€471,144▲ 5.4%
Total assets€502,848▲ 3.0%€485,261▼ 3.5%€482,996▼ 0.5%€503,537▲ 4.3%€526,239▲ 4.5%
Debt€168,882▼ 12.6%€108,591▼ 35.7%€72,972▼ 32.8%€56,376▼ 22.7%€55,095▼ 2.3%
Working capital€148,594▲ 3.4%€138,858▼ 6.6%€187,232▲ 34.8%€208,790▲ 11.5%€275,629▲ 32.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €526,239
Fixed assets
€195,515 ▼ 18.0%
Current assets
€330,724 ▲ 24.7%
Equity and liabilities €526,239
Equity
€471,144 ▲ 5.4%
Debt
€55,095 ▼ 2.3%
Debt's share of the balance-sheet total falls from 11.2% to 10.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142,786▲
2023 · €116,645
Cash flow
€122,044▲
2023 · €98,511
Current ratio
6.00▲
2023 · 4.70
Debt to equity
0.12▼
2023 · 0.13
ROE
8.9%▼
2023 · 11.7%
ROA
8.0%▼
2023 · 10.4%
Interest coverage
270.49▲
2023 · 231.87
Debt ≤ 1 year
€55,095▼
2023 · €56,376
Income taxes
€26,999▲
2023 · €20,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,058 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% | 1.6% |
| 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 74% 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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,984 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,776 | €40,147 | €41,495 | €46,374 | €80,061 | ▲ 72.6% |
| Other operating charges640/8 | - | - | €8,491 | €4,034 | €4,273 | ▲ 5.9% |
| Gross operating margin9900 | €91,580 | €101,999 | €96,532 | €120,679 | €147,059 | ▲ 21.9% |
| Operating profit (loss)9901 | €53,375 | €56,186 | €46,546 | €70,271 | €62,725 | ▼ 10.7% |
| Financial income75/76B | - | - | €2,988 | €3,258 | €6,785 | ▲ 108% |
| Recurring financial income75 | €3,541 | €3,675 | €2,988 | €3,258 | €6,785 | ▲ 108% |
| Financial charges65/66B | - | - | €1,946 | €503 | €528 | ▲ 4.9% |
| Recurring financial charges65 | €3,326 | €2,317 | €1,946 | €503 | €528 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €53,589 | €57,544 | €47,588 | €73,026 | €68,982 | ▼ 5.5% |
| Income taxes67/77 | €14,658 | €14,841 | €14,234 | €20,889 | €26,999 | ▲ 29.3% |
| Profit (loss) for the period9904 | €38,931 | €42,704 | €33,354 | €52,137 | €41,983 | ▼ 19.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €25,878 | - |
| Profit (loss) for the period to be appropriated9905 | €38,931 | €42,704 | €33,354 | €52,137 | €67,861 | ▲ 30.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €502,848 | €485,261 | €482,996 | €503,537 | €526,239 | ▲ 4.5% |
| Fixed assets21/28 | €247,696 | €256,343 | €222,792 | €238,371 | €195,515 | ▼ 18.0% |
| Tangible fixed assets22/27 | €247,696 | €256,343 | €222,792 | €238,371 | €195,515 | ▼ 18.0% |
| Land and buildings22 | - | - | €187,801 | €154,940 | €105,648 | ▼ 31.8% |
| Plant, machinery and equipment23 | - | - | €32,251 | €34,040 | €48,979 | ▲ 43.9% |
| Furniture and vehicles24 | - | - | €2,740 | €49,392 | €40,889 | ▼ 17.2% |
| Current assets29/58 | €255,152 | €228,918 | €260,204 | €265,166 | €330,724 | ▲ 24.7% |
| Amounts receivable after more than one year29 | - | - | €115,000 | €115,000 | €115,000 | = |
| Other amounts receivable291 | - | - | €115,000 | €115,000 | €115,000 | = |
| Amounts receivable within one year40/41 | €88,359 | €74,911 | €50,467 | €67,863 | €73,218 | ▲ 7.9% |
| Trade receivables40 | - | - | €47,481 | €64,525 | €69,023 | ▲ 7.0% |
| Other amounts receivable41 | - | - | €2,986 | €3,338 | €4,195 | ▲ 25.7% |
| Current investments50/53 | €28,173 | €12,575 | €64,848 | €75,434 | €123,907 | ▲ 64.3% |
| Cash at bank and in hand54/58 | €13,620 | €16,431 | €29,889 | €6,870 | €18,599 | ▲ 171% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €502,848 | €485,261 | €482,996 | €503,537 | €526,239 | ▲ 4.5% |
| Equity10/15 | €333,966 | €376,670 | €410,024 | €447,161 | €471,144 | ▲ 5.4% |
| Contributions10/11 | - | - | €6,197 | €6,197 | €6,197 | = |
| Outside capital11 | - | - | €6,197 | €6,197 | €6,197 | = |
| Other1109/19 | - | - | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €235,737 | €270,737 | €303,737 | €340,737 | €364,359 | ▲ 6.9% |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | - | - |
| Tax-exempt reserves132 | - | - | €25,878 | €25,878 | - | - |
| Distributable reserves133 | - | - | €276,000 | €313,000 | €364,359 | ▲ 16.4% |
| Profit (loss) carried forward14 | €92,032 | €99,735 | €100,089 | €100,227 | €100,588 | ▲ 0.4% |
| Amounts payable17/49 | €168,882 | €108,591 | €72,972 | €56,376 | €55,095 | ▼ 2.3% |
| Amounts payable after more than one year17 | €62,324 | €18,531 | - | - | - | - |
| Amounts payable within one year42/48 | €106,557 | €90,060 | €72,972 | €56,376 | €55,095 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | €18,531 | - | - | - |
| Financial debts43 | - | - | - | - | €74 | - |
| Credit institutions430/8 | - | - | - | - | €74 | - |
| Trade debts44 | €27,343 | €33,579 | €25,700 | €6,100 | €2,996 | ▼ 50.9% |
| Suppliers440/4 | - | - | €25,700 | €6,100 | €2,996 | ▼ 50.9% |
| Taxes, remuneration and social security45 | - | - | €28,317 | €35,277 | €34,025 | ▼ 3.5% |
| Taxes450/3 | - | - | €28,317 | €35,277 | €34,025 | ▼ 3.5% |
| Other amounts payable47/48 | - | - | €423 | €15,000 | €18,000 | ▲ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,931 | €42,704 | €33,354 | €52,137 | €41,983 | ▼ 19.5% |
| + Depreciation and write-downs630 | €34,776 | €40,147 | €41,495 | €46,374 | €80,061 | ▲ 72.6% |
| Operating cash flow (approximation) | €73,708 | €82,851 | €74,848 | €98,511 | €122,044 | ▲ 23.9% |
| Investment in fixed assets (approximation) | - | -€48,794 | -€7,944 | -€61,953 | -€37,205 | ▲ 39.9% |
| Change in cash | - | €2,812 | €13,458 | -€23,019 | €11,730 | ▲ 151% |
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
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €52,137 ▲56.3%
Operating result €70,271, net result €52,137, both a record.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 38 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 118 days late
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
2016
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wemmel · 1 establishment unit since 1999
Ground area
1,501 m²
Building footprint
184 m²
Volume, LiDAR
985 m³
Parcel 22005A0402/00B000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CITO
since 19992.091.486.185
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0402/00B000 | Flanders | 1,501 m² | 1 · 184 m² | 8.2 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 82,642 companies in sector 70200 we hold annual accounts for 52,590. 35,150 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
Founded22-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465633058
Also
9925:BE0465633058
Registered
18-12-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.