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CITY NETWORK ASSOCIATES

Active
Private limited companyfounded 2004active for 22 yearsJean Van Lierdestraat 81, 1070 Anderlecht, BelgiumKBO/BCE: BE 0862.539.935

The file of CITY NETWORK ASSOCIATES contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 5.4% (elevated). The 2024 annual accounts show equity of €93,694 and a net result of €13,720. Equity has been growing by about 42% per year since 2018. Its solvency ranks better than 41% of 35,969 sector peers (NACE 43, financial year 2024).

Overview

Official details

Source: KBO
Status
Active since 08-01-2004 Normal situation
Activity
Other construction installation NACE 43240and 2 others
Establishment units
2.280.572.245 1070 Anderlecht, since 01-11-2018
2.365.989.554 1070 Anderlecht, since 01-10-2024
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board

Financial position

37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.4%
Annual accounts 2024
Gross margin
€80,090
▼ 29.2%
Turnover
≈ €320,000
estimated
Profit
€13,720
▼ 51.6%
Equity
€93,694
▲ 17.2%
Total assets
€240,939
▲ 27.4%
Employees on 31-12-2024
1
=
  • 2025 accounts not filed, 96 days past the deadline
Score breakdownraises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 18-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 110 days late; 3 of the last 3 accounts latelowers riskFounded in 2004Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Strong
Solvency 64-3
equity 38.9% of total assets
Liquidity 39=
short-term debt 55.7% · cash 14.3%
Profitability 76-11
return on assets 5.7%
Bankruptcy probability within 12 months
5.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025lowest value 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.3 percentage points vs 07-2025 09-2025: 1.3%▲ +0.1 percentage points vs 08-2025 10-2025: 1.6%▲ +0.3 percentage points vs 09-2025 11-2025: 1.7%▲ +0.1 percentage points vs 10-2025 12-2025: 1.1%▼ -0.6 percentage points vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 2.4%▲ +1.3 percentage points vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.3%● unchanged vs 06-2026 08-2026: 3.0%▲ +0.7 percentage points vs 07-2026 09-2026: 3.7%▲ +0.7 percentage points vs 08-2026 10-2026: 5.4%▲ +1.7 percentage points vs 09-2026highest value 11-2026: 5.4%● unchanged vs 10-2026highest value
Credit of up to €3,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.69 (1.6 in 2023), above the usual 1.5. Short-term debt is 55.7% and cash 14.3% of total assets. However, 61.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 42% of them on solvency, 28% on liquidity, 51% on profitability and 64% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed on 18-11-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 110 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 96 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline04-11-2026 today
raises risk · 2024 accounts filed 110 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
110 days late
2023
101 days late
2022
89 days late
2021
82 days late
2020
116 days late
2019
243 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 124 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • New directorlatest change 02-04-2026 · 1 in office 1 joined View
  • Positive: 5 profitable years in a rowprofit 2024: €13,720 5 years View

Recent changes

  1. · Gazette deed Registered office moved from Etterbeek to AnderlechtNew seat: 1070 Anderlecht, rue Jean Van Lierde 81 · Previous seat: Rue Abbé Cuypers 3 1040 Etterbeek · Appointment: BAUDEWYN Frédéric (director)
  2. · Bankruptcy Bankruptcy reversalFrench-language Enterprise Court of Brussels · judgment of 26-03-2019
  3. · Bankruptcy Bankruptcy declaredFrench-language Enterprise Court of Brussels · judgment of 11-03-2019
All 17 events

Comparable companies

These companies have the same main activity as CITY NETWORK ASSOCIATES: other construction installation (NACE 43240). They are comparable in size and age: total assets between €205,000 and €361,000, founded between 1997 and 2005.

CompanyTotal assetsGross margin
CITY NETWORK ASSOCIATES Anderlecht€240,939€80,090
RMS DESIGN Wemmel€231,775€77,481
JHT INTERIEURBOUW Riemst€205,166€83,154
G.I.S. Aalst€246,046€93,056
LIFTSERVICE BENELUX Turnhout€232,578€100,917
ANCA - STORES Brussel€229,521€58,153
MELISA CONCEPT Ganshoren€361,129€90,972
Full comparison

Key facts about CITY NETWORK ASSOCIATES

What is the company number of CITY NETWORK ASSOCIATES?
The company number of CITY NETWORK ASSOCIATES is 0862.539.935. The VAT number is the same number with BE in front: BE 0862.539.935.
Where is CITY NETWORK ASSOCIATES based?
The registered office is at Jean Van Lierdestraat 81, 1070 Anderlecht.Company details
What does CITY NETWORK ASSOCIATES do?
According to the KBO register, the main activity is other construction installation (NACE 43240).
What is the legal form of CITY NETWORK ASSOCIATES?
The legal form of CITY NETWORK ASSOCIATES is Private limited company (BV).
When was CITY NETWORK ASSOCIATES founded?
CITY NETWORK ASSOCIATES was founded on 08-01-2004.
Is CITY NETWORK ASSOCIATES still active?
Yes, CITY NETWORK ASSOCIATES is an active enterprise in the KBO register.
How many employees does CITY NETWORK ASSOCIATES have?
CITY NETWORK ASSOCIATES had an average of 1.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of CITY NETWORK ASSOCIATES?
The turnover in financial year 2024 is ≈ €320,000. This figure is estimated from the gross margin of €80,090 and 106 comparable companies (NACE 432). It probably lies between €230,000 and €460,000.
Is CITY NETWORK ASSOCIATES profitable?
In financial year 2024, CITY NETWORK ASSOCIATES made a profit of €13,720.
Where can I find the annual accounts of CITY NETWORK ASSOCIATES?
CITY NETWORK ASSOCIATES filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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