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Cityforward Belliard 232

Active
Private limited companyfounded 2023active for 2 yearsKoningsstraat 47, 1000 Brussel, Belgium52 active companies are registered at this addressKBO/BCE: BE 1003.706.906
Summary

Cityforward Belliard 232 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.1m and a net result of -€2.8m. Its solvency ranks better than 43% of 11,186 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
Cityforward Belliard 232ActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Development of non-residential building projects
NACE 68122
1 site
Size
€25.3mtotal assets 2025
Equity
€6.1m
Loss
-€2.8m
Turnover not published (abbreviated format)
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Parent
Cityforward Schuman HoldCo · 100%
  • CECEDirector · permanent representative SCHWAGTEN, Tobias
2025 accounts 31 days early6 of 7 deeds summarised
Why 67raises riskLiquidity: cash €2,802Equity €6.1m (24.3% of total assets)lowers riskSector: Real estate activities (NACE 68)Size: total assets €25.3mShow the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 18% of its sector peers (NACE 68, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 49-1
equity 24.3% of total assets
Liquidity 0-50
cash 0.0%
Profitability 5-5
return on assets -11.0%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,718 companies, NACE 68, medium-sized)
Last 24 months 01-2025: 0.7% 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.9%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.4%▼ -0.5 percentage points vs 06-2025lowest value 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.5%▲ +0.1 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.2 percentage points vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €410,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
cash: 0% of total assets, and 75.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, medium-sized): better than 46% on solvency, 1% on liquidity, 2% on profitability and 24% on growth.

The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: cash €2,802
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Size: total assets €25.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €6.1m (24.3% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2425
2024 to 2025 · latest year -€2.8m
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
31 days early
2024
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 34 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. MiscellaneousCapital contribution
  3. Resignations & appointmentsBoard meeting

Key points

  • Caution: Among the weakest 5% on net resultsector median €10,063 · 11,178 companies -€2.8m View
  • Caution: Result fell in 2025from -€1.9m to -€2.8m ▼ 45.0% View
  • Controlled by Cityforward Schuman HoldCoultimately: Cityforward 100% View

By topic

Financials

Financial year
2025
Total assets
€25.3m
Loss
-€2.8m
Solvency
24.3%
Total assets▼ 4.4%
Net result
20242025
Go to Financials

Timeline

Events
8
Since
2024
Next accounts
by 31-07-2027
  1. 24-06-2025Annual accounts filed
  2. 03-04-2025Miscellaneous
  3. 18-07-2024Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of non-residential building projectsNACE 68122
Founded
20-12-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Cityforward Belliard 232

What is the company number of Cityforward Belliard 232?
1003.706.906. In Belgium the VAT number is the company number with BE in front: BE 1003.706.906.
Where is Cityforward Belliard 232 based?
The registered office is at Koningsstraat 47, 1000 Brussel.Company details
What does Cityforward Belliard 232 do?
According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of Cityforward Belliard 232?
Private limited company (BV).
When was Cityforward Belliard 232 founded?
On 20-12-2023.
Is Cityforward Belliard 232 still active?
Yes, Cityforward Belliard 232 is an active enterprise in the KBO register.
What is the turnover of Cityforward Belliard 232?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Cityforward Belliard 232 profitable?
In financial year 2025, Cityforward Belliard 232 made a loss of €2.8m.
Where can I find the annual accounts of Cityforward Belliard 232?
Cityforward Belliard 232 filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Cityforward Belliard 232 due?
By 31-07-2027, for financial year 2026.Timeline

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