Citylink Construct
ActiveSummary
The computed 12-month bankruptcy probability of Citylink Construct is 5.7% (elevated). The 2024 annual accounts show negative equity (-€390,250) and a net result of -€8,193. Equity has been shrinking by about 6.9% per year since 2018. Its solvency ranks better than 10% of 9,647 sector peers (NACE 68, financial year 2024). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-07-2012 Normal situation
- Registered office
- 17 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.212.054.118 9000 Gent, since 03-07-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- De Wilde Tom MarcelDirector
- SOGEFIMDirector · permanent representative Liétaer,Pierre Jean Maurice Bernard Gerard
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.7%
- Gross margin
- -€2,223
- ▼ 1,703%
- Loss
- €8,193
- ▼ 11.9%
- Equity
- -€390,250
- ▼ 2.1%
- Total assets
- €6.0m
- ▼ 0.2%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskLiquidity: current ratio 0.94, cash €246, halved1 financial year not filed after the legal deadline; last filed accounts filed 111 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthslowers riskSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 8% of them on solvency, 1% on liquidity, 33% on profitability and 34% on growth.
The bankruptcy probability was computed on 02-11-2026 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
The company filed its last 6 accounts on average 259 days after 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 (1)
Financials
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 19-11-2025 PDF all 12 filings
Every figure per financial year
The operating result for 2024 is a loss of €2,751, larger than the loss of €2,380 in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €137,143 | €189 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €988 | €990 | €1,092 | €528 | ▼ 51.7% |
| Non-recurring operating charges66A | - | - | - | - | €154,691 | €1,165 | €0 | ▼ 100% |
| Gross operating margin9900 | €6,417 | -€5,052 | -€5,849 | -€7,901 | €136,052 | -€123 | -€2,223 | ▼ 1,703% |
| Operating profit (loss)9901 | €4,933 | -€6,053 | -€11,185 | -€8,889 | -€19,629 | -€2,380 | -€2,751 | ▼ 15.6% |
| Financial income75/76B | - | - | - | €0 | €1 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €0 | €1 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €13,763 | €10,712 | €6,917 | €5,442 | ▼ 21.3% |
| Recurring financial charges65 | €17,499 | €17,878 | €20,595 | €13,763 | €10,712 | €6,917 | €5,442 | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | -€12,567 | -€23,930 | -€31,780 | -€22,652 | -€30,339 | -€9,297 | -€8,193 | ▲ 11.9% |
| Profit (loss) for the period9904 | -€12,567 | -€23,930 | -€31,780 | -€22,652 | -€30,339 | -€9,297 | -€8,193 | ▲ 11.9% |
| Profit (loss) for the period to be appropriated9905 | -€12,567 | -€23,930 | -€31,780 | -€22,652 | -€30,339 | -€9,297 | -€8,193 | ▲ 11.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.2m | €2.7m | €3.4m | €4.4m | €6.4m | €6.1m | €6.0m | ▼ 0.2% |
| Current assets29/58 | €2.2m | €2.7m | €3.4m | €4.4m | €6.4m | €6.1m | €6.0m | ▼ 0.2% |
| Stocks and contracts in progress3 | €1.8m | €2.3m | €2.7m | €3.5m | €4.5m | €4.5m | €4.5m | ▲ 0.2% |
| Contracts in progress37 | - | - | - | €3.5m | €4.5m | €4.5m | €4.5m | ▲ 0.2% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.6m | €0.6m | €1.9m | €1.5m | €1.5m | ▲ 0.2% |
| Trade receivables40 | - | - | - | €0.6m | €1.9m | €1.4m | €1.4m | = |
| Other amounts receivable41 | - | - | - | €0.03m | €0.06m | €0.1m | €0.1m | ▲ 2.6% |
| Cash at bank and in hand54/58 | €0.002m | €0.002m | €0.1m | €0.3m | €0.01m | €0.03m | €246 | ▼ 99.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €336 | €170 | €170 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.2m | €2.7m | €3.4m | €4.4m | €6.4m | €6.1m | €6.0m | ▼ 0.2% |
| Equity10/15 | -€0.3m | -€0.3m | -€0.3m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | ▼ 2.1% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | -€0.4m | ▼ 2.0% |
| Amounts payable17/49 | €2.5m | €3.0m | €3.7m | €4.8m | €6.8m | €6.4m | €6.4m | ▼ 0.1% |
| Amounts payable within one year42/48 | €2.5m | €3.0m | €3.7m | €4.8m | €6.8m | €6.4m | €6.4m | ▼ 0.1% |
| Trade debts44 | €0.2m | €0.3m | €0.2m | €0.3m | €0.02m | €0.02m | €0.01m | ▼ 14.6% |
| Suppliers440/4 | - | - | - | €0.3m | €0.02m | €0.02m | €0.01m | ▼ 14.6% |
| Advances received on contracts in progress46 | - | - | - | €2.8m | €5.0m | €4.7m | €4.7m | = |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.007m | - | - | - |
| Taxes450/3 | - | - | - | €0.02m | €0.007m | - | - | - |
| Other amounts payable47/48 | - | - | - | €1.7m | €1.8m | €1.7m | €1.7m | ▼ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,567 | -€23,930 | -€31,780 | -€22,652 | -€30,339 | -€9,297 | -€8,193 | ▲ 11.9% |
| Operating cash flow (approximation) | -€12,567 | -€23,930 | -€31,780 | -€22,652 | -€30,339 | -€9,297 | -€8,193 | ▲ 11.9% |
| Change in cash | - | -€34 | €137,396 | €174,497 | -€304,502 | €16,526 | -€25,857 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 129 companies had the same profile as Citylink Construct has now. Two years later, 95.3% were still going and 1.6% had gone bankrupt.
- Medium-sized
- 10 to 20 years old
- negative equity
- a small loss
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Citylink Construct itself is higher: 5.7% within 12 months. It rests on far more data about Citylink Construct than the profile alone.
Test of the method
The method was tested on the 497,446 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 129 companies, not a prediction for Citylink Construct. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 19-11-2025 | 2025-00568694 | |
| 31-12-2023 | abbreviated format | 19-11-2025 | 2025-00568753 | |
| 31-12-2022 | abbreviated format | 19-11-2025 | 2025-00568755 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20419317 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-63500128 | |
| 31-12-2019 | abbreviated format | 02-10-2020 | 2020-58300149 | |
| 31-12-2018 | abbreviated format | 09-08-2019 | 2019-45000555 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-55800569 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-40800278 | |
| 31-12-2015 | abbreviated format | 23-08-2016 | 2016-45800461 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Capital transactions
- 03-02-2026 Converted to unavailable equity
The directors' other companies
1 other company of this director went bankrupt (2024).
- Bloemenhal bankruptcy on 15-04-2024Official Gazettemandate until 2023
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Wilde Tom Marcel |
|
| SOGEFIM |
|
| J.V.D. Holding |
|
Network & group
Companies at the same address
16 other companies- Barafu Invest Registered office · since 2025 1026846354
- De Wilde, Emile (sole trader) Establishment · since 2023 0805229662
- Byn, Freddy (sole trader) Establishment · since 2023 0812933937
- VIME Establishment · since 2022 0882250830
- PROXY KOUTER Registered office · since 2020 0760340240
- City Build Registered office · since 2014 0506689990
- City Properties Registered office · since 2014 0506686923
- Deelvereniging van mede-eigenaars van het jeugdverblijfcentrum te Gent, Kouter 158 Registered office · since 2013 0849366147
- Deelvereniging van mede-eigenaars van het woon- en handelscomplex te Gent, Kouter 158 Registered office · since 2012 0849443054
- One50 Registered office · since 2012 0844892566
Connections & network
5 connected companiesShow 1 more companies with a shared director
Timeline
Acts, filings and financial milestones
03-02
Gazette deed
Registered office moved within GentResignation: J.V.D.Holding (statutory director) · Permanent representatives: Van Duffel,Joris Jozef Leon Marcel and Liétaer,Pierre Jean Maurice Bernard Gerard · Appointments: Sogefim (director) and DE WILDE Tom Marcel (director)12 points ▸
- General meeting, 19-12-2025
- Registered-office move, Kouter 158 bus 501,9000 Gent
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “overgangsbepaling lopend boekjaar”, 31-12-2025 (deed in Dutch)
- Director resignation, J.V.D.Holding (statutory director)
- Permanent representative, Van Duffel,Joris Jozef Leon Marcel
- Director appointment, Sogefim (director (not named in the articles))
- Permanent representative, Liétaer,Pierre Jean Maurice Bernard Gerard
- Director appointment, DE WILDE Tom Marcel (director (not named in the articles))
- Amendment of the articles
- Capital
07-03
Gazette deed
Permanent representative: De Wilde Tom4 points ▸
- Board meeting, 20-02-2024
- Permanent representative, De Wilde Tom
- Director in office, De Wilde Tom (director)
- Director in office, Sogefim (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
6 activities
- Het stellen van alle onroerende verrichtingen voor eigen rekening als in deelneming zowel in België als in het buitenland. Dit behelst onder meer de aan- en verkoop,de tewaardemaking,de projectontwikkeling,de verkaveling,de verfraaiing,de renovatie,de omvorming,de verbetering,de uitrusting,het onderhoud,de gemeubelde en niet-gemeubelde verhuring het beheer van alle gebouwde,verbouwde en ongebouwde onroerende goederen,het uitbaten van jeugdverblijfcentra en hotels in de breedste zin van het woord,de oprichting en de realisatie van alle gebouwen of onroerende complexen en infrastructuurwerken
- De ontwikkeling en planning van industriële en commerciële vastgoedprojecten van allerlei aard inbegrepen het participeren in alle belegging- en financiële transacties welke aan de realisatie van dergelijke projecten verbonden kunnen zijn,alsook het afsluiten van contracten van onroerende leasing
- Het oprichten van gebruiksklare gebouwen en constructies,aanneming en onderaanneming van private en openbare bouwwerken en constructies,het coördineren van bouwwerken,het uitvoeren van studies die met de bouwnijverheid verband houden,het aankopen en verkopen,verhuren en vervreemden van bouwwerken en gronden,handel in bouwmaterialen,de diensten zowel de financiële als andere,de verzekeringen,fiscale en andere verrichtingen en de onroerende verhandelingen,zowel in het groot als in het klein,zowel in eigen land als in het buitenland,en alle verrichtingen en uitbatingen die rechtstreeks of onrechtstreeks met deze handelingen verband houden of ze kunnen bevorderen
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm,het zich in dit kader borg stellen of aval verlenen,in de meest ruime zin,alle handelsoperaties en financiële operaties verrichten,behoudens deze wettelijk voorbehouden aan financiële instellingen
- Het verlenen van adviezen,het ter beschikking stellen van management,van intellectuele en administratieve hulp,de begeleiding en coördinatie steeds met betrekking tot vastgoedprojecten,renovatie- en herwaarderingsprojecten,vastgoedhandel en aanverwante sectoren
- Het verlenen van financiële diensten en adviezen aan personen en bedrijven
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0847.183.152
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44803C0824/00C000 | Flanders | 1,069 m² | 1 · 1,050 m² | 22.0 m · 4 |