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CITYMESH INTEGRATOR

Active
Public limited companyfounded 2006active for 20 yearsSiemenslaan 13, 8020 Oostkamp, Belgium14 active companies are registered at this addressKBO/BCE: BE 0881.653.685

From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The annual accounts of CITYMESH INTEGRATOR for financial year 2025 show a net loss of 84% of the equity at the start of that year. The 2025 annual accounts show equity of €7.4m and a net result of -€7.2m. Equity has been growing by about 56% per year since 2018. Its solvency ranks better than 26% of 1,682 sector peers (NACE 62, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisFollow ReportCompare
CITYMESH INTEGRATORActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 02-06-2006 Normal situation
Legal form
Public limited company
Registered office
Siemenslaan 13, 8020 Oostkamp
Activity
Computer consultancy and computer facilities management NACE 62200and 3 others
Establishment unit
2.154.431.960 8020 Oostkamp, since 13-06-2006
Financial year end
31 December
Peppol
Reachable since 21-01-2026
Company details

Board and ownership

Board
  • KELCHTERMANS Ludo EnkDirector
  • SOFINDirector · permanent representative KNAEPEN André
  • TOVIDirector · since 07-07-2025 · permanent representative Tom Knaepen
  • KELCHTERMANS Ludo ErikDirector
Auditor
EY Bedrijfsrevisoren BV
Shareholders
and 1 other shareholder
Holdings
Shares in 1 company nCentric Europe
Board & ownership

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2025
Turnover
€24.1m
▲ 35.3%
Loss
€7.2m
▲ 67.9%
Equity
€7.4m
▼ 14.3%
Total assets
€57.6m
▲ 34.0%
Staff
64.9 FTE
▼ 10.6%
2025 accounts filed 41 days after the deadline
Filed on 10-09-2026at the National Bank
Financials
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 1.19, cash €325,693Loss of €7.2m, the second in a row (financial year 2025)Equity €7.4m (12.8% of total assets)Last filed accounts filed 41 days late; 1 of the last 3 accounts lateShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 25% of medium-sized companies in computer programming and consultancy (NACE 62)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 38-7
equity 12.8% of total assets
Liquidity 21-9
short-term debt 56.9% · cash 0.6%
Profitability 2-2
return on assets -12.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (206 companies, NACE 62, medium-sized)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.2 percentage points vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026 10-2026: 1.2%▲ +0.2 percentage points vs 09-2026highest value
Credit of up to €390,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.19 (1.43 in 2024), below the usual 1.5. Short-term debt is 56.9% and cash 0.6% of total assets. 87.2% 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 62, medium-sized). It does better than 19% of them on solvency, 21% on liquidity, 6% on profitability and 54% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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

Six signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.19, cash €325,693
NBB · annual accounts
raises risk · Loss of €7.2m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €7.4m (12.8% of total assets)
NBB · annual accounts
raises risk · Last filed accounts filed 41 days late; 1 of the last 3 accounts late
NBB · filings
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
1819202122232425
2018 to 2025 · latest year -€7.2m
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
41 days late
2024
9 days early
2023
2 days early
2022
5 days early
2021
11 days early
2020
26 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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. The company usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 5 loss-making years in a rowloss in financial year 2025 -€7.2m View
  • Caution: Lower net result than 95% of companies in computer programming and consultancysector median €35,694 · 1,684 companies -€7.2m View
  • Caution: Result fell in 2025from -€4.3m to -€7.2m ▼ 67.9% View
  • 2 restructurings in 2026latest: merger with Citymesh Critical Solutions 2 View
  • EU supportawarded from 2022 to 2025 €5.2m View
  • Directors leftlatest change 05-05-2026 · 4 in office 2 left View

Documents

Annual accounts at the NBB

All 19 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about CITYMESH INTEGRATOR

What is the company number of CITYMESH INTEGRATOR?
The company number of CITYMESH INTEGRATOR is 0881.653.685. The VAT number is the same number with BE in front: BE 0881.653.685.
Where is CITYMESH INTEGRATOR based?
The registered office is at Siemenslaan 13, 8020 Oostkamp.Company details
What does CITYMESH INTEGRATOR do?
According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
What is the legal form of CITYMESH INTEGRATOR?
The legal form of CITYMESH INTEGRATOR is Public limited company (NV).
When was CITYMESH INTEGRATOR founded?
CITYMESH INTEGRATOR was founded on 02-06-2006.
Is CITYMESH INTEGRATOR still active?
Yes, CITYMESH INTEGRATOR is an active enterprise in the KBO register.
How many employees does CITYMESH INTEGRATOR have?
CITYMESH INTEGRATOR had an average of 64.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CITYMESH INTEGRATOR?
The turnover of CITYMESH INTEGRATOR was €24.1m in financial year 2025, according to the filed annual accounts.
Is CITYMESH INTEGRATOR profitable?
In financial year 2025, CITYMESH INTEGRATOR made a loss of €7.2m.
Where can I find the annual accounts of CITYMESH INTEGRATOR?
CITYMESH INTEGRATOR filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of CITYMESH INTEGRATOR due?
CITYMESH INTEGRATOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to CITYMESH INTEGRATOR

Comparable companies

These companies have the same main activity as CITYMESH INTEGRATOR: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €37m and €56m, founded between 1999 and 2012.

CompanyTotal assetsTurnover
CITYMESH INTEGRATOR Oostkamp€57.6m€24.1m
Signpost België Lokeren€46.2m€55.3m
NTX Geel€45.4m€32.8m
TheValueChain Kontich€37.3m€43.6m
GARTNER BELGIUM Zaventem€39.3m€54.2m
ALISTAR BELGIË Gent€56.5m€27.2m
BRICSYS Gent€53.6m€52.7m
Full comparison

Next steps

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