CITO
ActiveSummary
CITO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114,332 and a net result of -€11,975. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-43
Solvency46▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.34 in 2024; short-term debt: 78.1% of total assets), and 79.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.8%
Return on assets
-2.2%
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 22% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 22%
← 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
6 d late
2023
on the day
2022
106 d late
2021
61 d late
2020
61 d late
2019
129 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 53 days after 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 (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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€114,332▼ 8.0%
2024 · €124,284
Total assets
€549,966▲ 0.8%
2024 · €545,722
Net result
-€11,975
2024 · €13,905
Working capital
€94,279▼ 27.4%
2024 · €129,923
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
Line20212022202320242025
Operating result€13,112▲ 17.8%€24,778▲ 89.0%€26,433▲ 6.7%€27,823▲ 5.3%-€7,391
Net result€6,044▼ 1.8%€12,007▲ 98.7%€12,742▲ 6.1%€13,905▲ 9.1%-€11,975
Equity€85,630▲ 7.5%€97,637▲ 14.0%€110,379▲ 13.1%€124,284▲ 12.6%€114,332▼ 8.0%
Total assets€199,736▲ 18.0%€223,817▲ 12.1%€596,040▲ 166%€545,722▼ 8.4%€549,966▲ 0.8%
Debt€114,107▲ 27.2%€126,180▲ 10.6%€485,660▲ 285%€421,438▼ 13.2%€435,635▲ 3.4%
Working capital€116,534▲ 53.7%€95,641▼ 17.9%€75,378▼ 21.2%€129,923▲ 72.4%€94,279▼ 27.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,391 after €27,823 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €549,966
Fixed assets
€26,163 ▼ 9.8%
Current assets
€523,804 ▲ 1.4%
Equity and liabilities €549,966
Equity
€114,332 ▼ 8.0%
Debt
€435,635 ▲ 3.4%
Debt's share of the balance-sheet total rises from 77.2% to 79.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,297▼
2024 · €55,657
Cash flow
€2,713▼
2024 · €41,738
Current ratio
1.22▼
2024 · 1.34
Quick ratio
1.18▼
2024 · 1.30
Debt to equity
3.81▲
2024 · 3.39
ROE
-10.5%▼
2024 · 11.2%
ROA
-2.2%▼
2024 · 2.5%
Interest coverage
1.51▼
2024 · 8.11
Debt ≤ 1 year
€429,524▲
2024 · €386,788
Debt > 1 year
€6,110▼
2024 · €34,650
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,964 | €12,897 | - | - | - |
| Remuneration, social security and pensions62 | €147 | €83 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,460 | €5,400 | €9,047 | €27,833 | €14,688 | ▼ 47.2% |
| Other operating charges640/8 | €7,932 | €5,169 | €6,919 | €6,276 | €9,531 | ▲ 51.8% |
| Gross operating margin9900 | €24,653 | €35,431 | €42,400 | €61,933 | €16,827 | ▼ 72.8% |
| Operating profit (loss)9901 | €13,112 | €24,778 | €26,433 | €27,823 | -€7,391 | ▼ 127% |
| Financial income75/76B | - | €4 | €2 | €4 | €234 | ▲ 5,613% |
| Recurring financial income75 | - | €4 | €2 | €4 | €234 | ▲ 5,613% |
| Financial charges65/66B | €2,326 | €8,797 | €5,712 | €6,863 | €4,817 | ▼ 29.8% |
| Recurring financial charges65 | €2,326 | €8,797 | €5,712 | €6,863 | €4,817 | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €10,786 | €15,984 | €20,723 | €20,964 | -€11,975 | ▼ 157% |
| Income taxes67/77 | €4,742 | €3,977 | €7,981 | €7,059 | - | - |
| Profit (loss) for the period9904 | €6,044 | €12,007 | €12,742 | €13,905 | -€11,975 | ▼ 186% |
| Profit (loss) for the period to be appropriated9905 | €6,044 | €12,007 | €12,742 | €13,905 | -€11,975 | ▼ 186% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,736 | €223,817 | €596,040 | €545,722 | €549,966 | ▲ 0.8% |
| Fixed assets21/28 | €13,811 | €21,540 | €56,844 | €29,011 | €26,163 | ▼ 9.8% |
| Tangible fixed assets22/27 | €13,811 | €21,540 | €56,844 | €29,011 | €21,963 | ▼ 24.3% |
| Plant, machinery and equipment23 | - | €3,081 | €3,286 | €1,720 | €1,078 | ▼ 37.3% |
| Furniture and vehicles24 | €13,811 | €18,459 | €53,559 | €27,291 | €20,885 | ▼ 23.5% |
| Financial fixed assets28 | - | - | - | - | €4,200 | - |
| Current assets29/58 | €185,926 | €202,277 | €539,195 | €516,711 | €523,804 | ▲ 1.4% |
| Stocks and contracts in progress3 | €9,182 | €29,670 | €35,682 | €15,165 | €19,088 | ▲ 25.9% |
| Stocks30/36 | €9,182 | €29,670 | €35,682 | €15,165 | €19,088 | ▲ 25.9% |
| Amounts receivable within one year40/41 | €47,193 | €133,390 | €440,968 | €500,337 | €504,715 | ▲ 0.9% |
| Trade receivables40 | €31,173 | €121,868 | €440,968 | €490,464 | €503,838 | ▲ 2.7% |
| Other amounts receivable41 | €16,020 | €11,522 | - | €9,873 | €878 | ▼ 91.1% |
| Cash at bank and in hand54/58 | - | - | €133 | €803 | - | - |
| Deferred charges and accrued income490/1 | €129,550 | €39,217 | €62,412 | €406 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,736 | €223,817 | €596,040 | €545,722 | €549,966 | ▲ 0.8% |
| Equity10/15 | €85,630 | €97,637 | €110,379 | €124,284 | €114,332 | ▼ 8.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | €18,550 | €18,550 | €18,550 | - | - | - |
| Issued capital100 | €18,550 | €18,550 | €18,550 | - | - | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | €1,855 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €65,225 | €77,232 | €89,974 | €103,879 | €93,927 | ▼ 9.6% |
| Amounts payable17/49 | €114,107 | €126,180 | €485,660 | €421,438 | €435,635 | ▲ 3.4% |
| Amounts payable after more than one year17 | €44,715 | €19,545 | €21,844 | €34,650 | €6,110 | ▼ 82.4% |
| Financial debts170/4 | €44,715 | €19,545 | €21,844 | €34,650 | €6,110 | ▼ 82.4% |
| Amounts payable within one year42/48 | €69,391 | €106,635 | €463,817 | €386,788 | €429,524 | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | €1,041 | - | €13,181 | €4,264 | €11,793 | ▲ 177% |
| Financial debts43 | €20,264 | €23,386 | €25,000 | €2,159 | €21,689 | ▲ 905% |
| Credit institutions430/8 | €20,264 | €23,386 | - | €2,159 | €21,689 | ▲ 905% |
| Other loans439 | - | - | €25,000 | - | - | - |
| Trade debts44 | €124 | €12,749 | €333,275 | €298,447 | €338,421 | ▲ 13.4% |
| Suppliers440/4 | €124 | €12,749 | €333,275 | €298,447 | €338,421 | ▲ 13.4% |
| Taxes, remuneration and social security45 | €11,459 | €16,248 | €23,739 | €22,817 | €4,572 | ▼ 80.0% |
| Taxes450/3 | €11,459 | €16,248 | €23,739 | €22,817 | €4,572 | ▼ 80.0% |
| Other amounts payable47/48 | €36,503 | €54,252 | €68,622 | €59,101 | €53,050 | ▼ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,044 | €12,007 | €12,742 | €13,905 | -€11,975 | ▼ 186% |
| + Depreciation and write-downs630 | €3,460 | €5,400 | €9,047 | €27,833 | €14,688 | ▼ 47.2% |
| Operating cash flow (approximation) | €9,505 | €17,407 | €21,789 | €41,738 | €2,713 | ▼ 93.5% |
| Investment in fixed assets (approximation) | - | -€13,130 | -€44,351 | €0 | -€11,840 | - |
| Change in cash | - | - | - | €669 | - | - |
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
14-09
State Gazette act
Resignations: Zygielo Jaroslaw (manager) and Wilkolazka Monika (manager)Appointments: Zygielo Jaroslaw (non-statutory director) and Wilkolazka Monika (non-statutory director) · Statutes amendment · Legal form clause14 facts ▸
State Gazette act
Resignations: Zygielo Jaroslaw (manager) and Wilkolazka Monika (manager)
Appointments: Zygielo Jaroslaw (non-statutory director) and Wilkolazka Monika (non-statutory director) · Statutes amendment · Legal form clause14 facts ▸
- General meeting, 08-09-2026
- Statutes amendment
- Legal form clause, behouden, besloten vennootschap
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Reserve release, statutair onbeschikbare eigen vermogensrekening, opheffen
- Statutes amendment
- Other statement, statutair onbeschikbare eigen vermogensrekening
- Director resignation, Zygielo Jaroslaw (manager)
- Director appointment, Zygielo Jaroslaw (non-statutory director)
- Director resignation, Wilkolazka Monika (manager)
- Director appointment, Wilkolazka Monika (non-statutory director)
- +2 further facts in this act
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet -€11,975
Net result drops to -€11,975, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Highest result since 2018net €13,905 ▲9.1%
Operating result €27,823, net result €13,905, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €110,379 ▲13.1%
5 profitable years in a row build equity to €110,379.
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
31-12
Financial
Back to profitnet €6,154
Net result €6,154 after one loss-making year.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 78 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Wilkolazka Monika
CurrentNon-statutory director · since 14-09-2026
Zygielo Jaroslaw
CurrentNon-statutory director · since 14-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mortsel · 1 establishment unit since 2005
Ground area
122 m²
Building footprint
94 m²
Volume, LiDAR
888 m³
Parcel 11513C0256/00G008, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CITO
since 20052.148.769.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0256/00G008 | Flanders | 122 m² | 1 · 94 m² | 11.5 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.
Mandate history
2 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Wilkolazka Monika |
|
| Zygielo Jaroslaw |
|
Articles of association
Who signs
Each director alone
Annual meeting
First Monday of May at 18:00
Duration
Unlimited
Purpose
Het aanbrengen van pleister- en stukadoorwerk, inclusief het aanbrengen van hechtgrond, aan de binnen- of buitenzijde van gebouwen en andere bouwwerken (4541001); Het plaatsen van…
Full purpose (8 activities)
- Het aanbrengen van pleister- en stukadoorwerk, inclusief het aanbrengen van hechtgrond, aan de binnen- of buitenzijde van gebouwen en andere bouwwerken (4541001)
- Het plaatsen van tussenwanden van gipsplaten (4541002)
- De montage van buiten- en binnenschrijnwerk van hout, metaal of van kunststof deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen en andere (4545101 en 4542201)
- De installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds en andere, in hout, metaal of kunststof (4542102 en 4542202)
- Het aanbrengen in gebouwen en andere bouwwerken van thermische isolatiematerialen en isolatiemateriaal tegen geluid en trillingen (4532001)
- Isolatiewerkzaamheden aan verwarmingsleidinqen en leidingen van koelsystemen (4532002)
- Plaatsen van vloer- en wandtegels (45431)
- Overige werkzaamheden in verband met de afwerking van gebouwen (4545004)
Name clause
Registered office clause
Vlaams Gewest, bij enkel besluit van het bestuursorgaan
Capital
Artikel 5. Inbrengen
Share issue rule
Gelijke behandeling van aandeelhouders, aangerekend op het geheel van de aandelen van de aandeelhouder
Voorkeurrecht toe aan eigenaar-pandgever, minstens vijftien dagen te rekenen van de dag van de openstelling van de intekening
Share class
Papieren of elektronisch (zoals eStox) naar keuze van het bestuursorgaan, aandeelhouders mogen kennis nemen van het register betreffende hun effecten
Other statement
Op naam of gedematerialiseerd, andere effecten dan aandelen
De effecten zijn ondeelbaar, ondeelbaarheid van de effecten
Deelneming aan het bestuursorgaan op afstand langs elektronische weg, het komt toe aan het bureau van het bestuursorgaan om de eerbiediging van de voorwaarden t…
Dagelijks bestuur
Artikel 17. Organisatie en bijeenroeping
Artikel 18. Schriftelijke algemene vergadering
Toegang tot de algemene vergadering, indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deeln…
Alle middelen van overdracht, schriftelijke volmacht om zich te laten vertegenwoordigen op de algemene vergadering en daar in zijn plaats te stemmen
Schriftelijke stem, schriftelijk vooraf
Meerderheid, in de door de wet of deze statuten bepaalde gevallen
Stemrecht overlijden, dag van de verdeling van deze aandelen of tot de afgifte van de legaten met betrekking tot deze aandelen
Bestuursorgaan, verdaging
De bevoegdheden die het Wetboek van vennootschappen en verenigingen haar toewijst, bevoegdheden algemene vergadering
Winstverdeling, algemene vergadering
Interim dividenden, op het tijdstip en op de plaatsen die het bestuursorgaan aanduidt
Voorschotten op dividenden, bestuursorgaan
Nettingovereenkomsten, in geval van samenloop gecompenseerd worden ten titel van schuldvergelijking
Woonstkeuze, alle mededelingen, aanmaningen, dagvaardingen en betekeningen hem geldig kunnen worden gedaan
Artikel 30. Gerechtelijke bevoegdheid
De bepalingen van het Wetboek van Vennootschappen en Verenigingen, waarvan niet geldig zou zijn afgeweken, worden geacht te zijn ingeschreven in huidige akte, g…
Artikel 20. Zittingen – processen-verbaal
11 more provisions on this in the deed
Transfer restriction
Inpandgeving aandelen, goedkeuring van de algemene vergadering
Board rule
Bestuursorgaan, benoemd met of zonder beperking van duur
Bevoegdheden van het bestuursorgaan, hij kan bijzondere machten toekennen aan elke mandataris
Vergoeding van de bestuurders, de algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt uitgeoefend
Auditor rule
Benoemd voor een hernieuwbare termijn van drie jaar, controle van de vennootschap
Dissolution rule
Vereist voor de statutenwijziging, op elk moment
Liquidation rule
Indien geen andere vereffenaar zou zijn benoemd, krachtens deze statuten
Liquidation distribution
Goederen die nog in natura voorhanden zijn op dezelfde wijze verdeeld, netto actief verdeeld onder alle aandeelhouders naar verhouding van het aantal aandelen d…
Power of attorney
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Capital over the years
- 14-09-2026 Converted to unavailable equity · 18,550 EUR
- 14-09-2026 Converted to unavailable equity · 1,855 EUR
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,201 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
Founded29-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.