CITSA
ActiveSummary
CITSA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €18k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.06 against 4.62 in 2024; short-term debt: 17.1% and cash: 59.3% of total assets), and 22.6% 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 · 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 2025Solvency, return and age of the figures
Solvency
77.4%
Return on assets
7.9%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-02-2026, 25 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
25 d late
2024
28 d late
2023
16 d late
2022
19 d late
2021
21 d late
2020
57 d late
2019
9 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€181k▲ 11.3%
2024 · €162k
Total assets
€233k▲ 12.6%
2024 · €207k
Net result
€18k▼ 15.8%
2024 · €22k
Working capital
€162k▲ 4.8%
2024 · €154k
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€43k▲ 17.7%€58k▲ 35.1%€34k▼ 40.9%€39k▲ 14.1%€57k▲ 47.6%
Net result€31k▲ 12.5%€43k▲ 39.4%€24k▼ 44.9%€22k▼ 8.1%€18k▼ 15.8%
Equity€73k▲ 72.7%€117k▲ 58.7%€140k▲ 20.4%€162k▲ 15.6%€181k▲ 11.3%
Total assets€165k▲ 16.3%€213k▲ 28.5%€204k▼ 4.0%€207k▲ 1.5%€233k▲ 12.6%
Debt€92k▼ 7.7%€96k▲ 4.4%€64k▼ 33.6%€45k▼ 29.3%€53k▲ 17.0%
Working capital€70k▲ 65.2%€103k▲ 46.5%€130k▲ 26.3%€154k▲ 18.6%€162k▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233k
Fixed assets
€32k ▲ 209%
Current assets
€201k ▲ 2.3%
Equity and liabilities €233k
Equity
€181k ▲ 11.3%
Debt
€53k ▲ 17.0%
Debt's share of the balance-sheet total rises from 21.8% to 22.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▲
2024 · €47k
Cash flow
€24k▼
2024 · €30k
Current ratio
5.06▲
2024 · 4.62
Debt to equity
0.29▲
2024 · 0.28
ROE
10.2%▼
2024 · 13.5%
ROA
7.9%▼
2024 · 10.5%
Interest coverage
103.86▲
2024 · 73.54
Debt ≤ 1 year
€40k▼
2024 · €43k
Debt > 1 year
€13k▲
2024 · €2k
Income taxes
€29k▲
2024 · €17k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €868 | €7k | €9k | €9k | €6k | ▼ 34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | - | - |
| Other operating charges640/8 | - | €348 | €567 | €963 | €2k | ▲ 105% |
| Gross operating margin9900 | €45k | €65k | €44k | €50k | €65k | ▲ 29.7% |
| Operating profit (loss)9901 | €43k | €58k | €34k | €39k | €57k | ▲ 47.6% |
| Financial income75/76B | - | €45 | €31 | €376 | €485 | ▲ 29.0% |
| Recurring financial income75 | - | €45 | €31 | €376 | €485 | ▲ 29.0% |
| Non-recurring financial income76B | - | €45 | €31 | €376 | €485 | ▲ 29.0% |
| Financial charges65/66B | - | €723 | €806 | €645 | €606 | ▼ 6.0% |
| Recurring financial charges65 | - | €723 | €806 | €645 | €606 | ▼ 6.0% |
| Non-recurring financial charges66B | - | €723 | €806 | €645 | €606 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €42k | €57k | €33k | €39k | €57k | ▲ 48.3% |
| Transfer to deferred taxes680 | - | - | - | - | €10k | - |
| Income taxes67/77 | €11k | €14k | €10k | €17k | €29k | ▲ 70.1% |
| Profit (loss) for the period9904 | €31k | €43k | €24k | €22k | €18k | ▼ 15.8% |
| Profit (loss) for the period to be appropriated9905 | €31k | €43k | €24k | €22k | €18k | ▼ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165k | €213k | €204k | €207k | €233k | ▲ 12.6% |
| Fixed assets21/28 | €3k | €28k | €19k | €10k | €32k | ▲ 209% |
| Tangible fixed assets22/27 | €3k | €28k | €19k | €10k | €32k | ▲ 209% |
| Furniture and vehicles24 | - | €28k | €19k | €10k | €32k | ▲ 209% |
| Current assets29/58 | €162k | €184k | €185k | €197k | €201k | ▲ 2.3% |
| Amounts receivable within one year40/41 | €76k | €66k | €67k | €61k | €63k | ▲ 3.3% |
| Trade receivables40 | - | €17k | €2k | €15k | €12k | ▼ 18.8% |
| Other amounts receivable41 | - | €50k | €65k | €46k | €51k | ▲ 10.5% |
| Cash at bank and in hand54/58 | €86k | €118k | €118k | €136k | €138k | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165k | €213k | €204k | €207k | €233k | ▲ 12.6% |
| Equity10/15 | €73k | €117k | €140k | €162k | €181k | ▲ 11.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €54k | €97k | €121k | €143k | €161k | ▲ 12.9% |
| Amounts payable17/49 | €92k | €96k | €64k | €45k | €53k | ▲ 17.0% |
| Amounts payable after more than one year17 | - | €15k | €9k | €2k | €13k | ▲ 427% |
| Financial debts170/4 | - | €15k | €9k | €2k | €13k | ▲ 427% |
| Amounts payable within one year42/48 | €92k | €81k | €55k | €43k | €40k | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €7k | €8k | ▲ 25.5% |
| Trade debts44 | €40k | €14k | - | €8k | €13k | ▲ 48.2% |
| Suppliers440/4 | - | €14k | - | €8k | €13k | ▲ 48.2% |
| Taxes, remuneration and social security45 | - | €45k | €39k | €28k | €19k | ▼ 31.3% |
| Taxes450/3 | - | €10k | €7k | €25k | - | - |
| Remuneration and social security454/9 | - | €35k | €32k | €3k | €19k | ▲ 619% |
| Other amounts payable47/48 | - | €16k | €10k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €43k | €24k | €22k | €18k | ▼ 15.8% |
| + Depreciation and write-downs630 | €868 | €7k | €9k | €9k | €6k | ▼ 34.6% |
| Operating cash flow (approximation) | €32k | €50k | €33k | €30k | €24k | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | €-32k | €0 | €0 | €-27k | - |
| Change in cash | - | €32k | €255 | €17k | €2k | ▼ 85.8% |
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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Equity above €150kEq €162k ▲15.6%
6 profitable years in a row build equity to €162k.
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
30-06
Financial
Highest result since 2019net €43k ▲39.4%
Operating result €58k, net result €43k, both a record.
30-06
Financial
Equity above €100kEq €117k ▲58.7%
4 profitable years in a row build equity to €117k.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 57 days late
2020
09-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 9 days late
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
15-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2006
Ground area
279 m²
Building footprint
113 m²
Volume, LiDAR
1,690 m³
Parcel 21009A0340/00K005, Brussels · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
CITSA
since 20062.230.453.335
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0340/00K005 | Brussels | 279 m² | 1 · 113 m² | 19.7 m · 6 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.
Similar companies · same sector, comparable size
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CHAMALI
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PEPICENTRE
BE 0844.875.443
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QUIRINTIUS
BE 0726.759.632
Herent · Eq €180,225
Appropriate Communications
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Zwijndrecht · Eq €180,843
Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,358 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 (pre-2019)
Founded28-09-2006
Fiscal year end30-06
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.