Result
-€1.8m ▼ 52.5%
The result fell in 2025 from -€1.1m to -€1.8m.
Cityforward Loi 86
Lifetime
2 annual accounts with figures on one time axispeak -€12,471 (2024)
-€99,813▼ €87,342
lowest -€1.8m (2025)
-€1.8m▼ €602,707
peak €10.0m (2025)
€10.0m▲ 17.2%
€23.4m▲ 1.2%
Board4 names since 2023
2 directorsCityforward Schuman HoldCo and 1 other
Owners
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from -€12,471 to -€99,813Loss of €1.8mAppointment: Forvis Mazars Bedrijfsrevisoren BV (statutory au… 24-11Capital contribution of €3,210,000 02-04Equity from €8.5m to €10.0mInvestments €3.3m
Key points
from the 2025 annual accountsAt the same address
52 companies
Position in the sector
-€1.8m
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,279 companies.
Turnover not published (abbreviated format)
Checked score
82
Excellent
Financially stronger than 46% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: cash €2,787
Founded in 2023
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €33.4m
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 68, medium-sized). It does better than 52% of them on solvency, 47% on liquidity, 5% on profitability and 79% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 137 companies had the same profile as Cityforward Loi 86 has now. Each dot is one company, two years later.
95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
That fits the bankruptcy probability of Cityforward Loi 86 itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 137 companies, not a prediction for Cityforward Loi 86. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €800,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Short-term debt is 0% and cash 0% of total assets. 70.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 filingsDeviation 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
The company filed its last 2 accounts on average 34 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 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 monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Cityforward Schuman HoldCo 100%equity €447.3m (2025) · 2025 annual accounts of Cityforward Schuman HoldCo
Recent changes
Capital increase of €7,390,000
General meeting of 09-03-2026 · Gazette deed
Appointment: Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)
Board meeting of 18-08-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003746003
Capital contribution of €3,210,000
General meeting of 10-03-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Cityforward Loi 86 Brussels | €33.4m | -€99,813 | 29.8% | - |
| Green Office Justice Brussels | €34.9m | -€3,982 | 0.0% | 0 |
| Green Office Paille Brussels | €21.9m | -€3,982 | 0.0% | 0 |
These companies have the same main activity as Cityforward Loi 86: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €22m and €35m, founded in 2024.
Official details
Source: KBO- Status
- Active since 21-12-2023Normal situation
- Registered office
- 53 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Development of non-residential building projectsNACE 68122and 1 other
- Establishment unit
- 2.356.019.4391000 Brussels, since 21-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2025
Annual accounts 2025
- €33.4m▲ 5.5%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Companies linked to Cityforward Loi 86
Parent and group
Insights on Cityforward Loi 86
Cityforward Loi 86 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.0m and a net result of -€1.8m.
Its solvency ranks better than 49% of 11,288 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Cityforward Loi 86
- What is the company number of Cityforward Loi 86?
- The company number of Cityforward Loi 86 is 1003.746.003. The VAT number is the same number with BE in front: BE 1003.746.003.
- Where is Cityforward Loi 86 based?
- The registered office is at Koningsstraat 47, 1000 Brussels.Company details
- What does Cityforward Loi 86 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 Loi 86?
- Cityforward Loi 86 is a private limited company (BV).
- When was Cityforward Loi 86 founded?
- Cityforward Loi 86 was founded on 21-12-2023.
- Is Cityforward Loi 86 still active?
- Yes, Cityforward Loi 86 is an active enterprise in the KBO register.
- What is the turnover of Cityforward Loi 86?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Cityforward Loi 86 profitable?
- In financial year 2025, Cityforward Loi 86 made a loss of €1.8m.
- Where can I find the annual accounts of Cityforward Loi 86?
- Cityforward Loi 86 filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Cityforward Loi 86 due?
- Cityforward Loi 86 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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