Summary
Conclusion
the dossier summarised in one paragraphCitymesh Navigator is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-231k) and a net result of €-222k. Its solvency ranks better than 5% of 1407 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Signals
1 signal · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 22-07-2025 | 9 d early | 2025-00294488 |
| 31-12-2023 | 31-07-2024 | 29-07-2024 | 2 d early | 2024-00305318 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2024| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4.5% | 37.4% | |
| Net result | €-222k | €46k | |
| Equity | €-231k | €362k | |
| Gross operating margin | €-10k | €65k | |
| Employees (FTE) | 0.0 | 0.0 |
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-222k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €5.12M |
| Equity | €-231k |
| Debt | €5.36M |
| of which ≤ 1y | €1.59M |
| of which > 1y | €3.53M |
| Working capital | n/a |
| Employees (FTE) | 0.0 |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | -4.5% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -4.3% |
| ROE | 95.9% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.12M |
| Fixed assets | 21/28 | €2.42M |
| Financial fixed assets | 28 | €2.42M |
| Current assets | 29/58 | €2.71M |
| Amounts receivable within one year | 40/41 | €2.69M |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.12M |
| Equity | 10/15 | €-231k |
| Contributions / capital | 10/11 | €65k |
| Reserves | 13 | €412 |
| Accumulated profits (losses) | 14 | €-351k |
| Amounts payable | 17/49 | €5.36M |
| Amounts payable after one year | 17 | €3.53M |
| Amounts payable within one year | 42/48 | €1.59M |
| Trade debts payable within one year | 44 | €23k |
| Income statement | ||
| Gross operating margin | 9900 | €-10k |
| Operating result | 9901 | €-10k |
| Financial income | 75 | €9k |
| Financial charges | 65 | €220k |
| Result before taxes | 9903 | €-222k |
| Net result for the period | 9904 | €-222k |
| Result to be appropriated | 9905 | €-222k |
Health barometer
FY 2024 · computedDirectors
Directors & mandates
under verification-
Current07-07-2025 → present
-
Ghost ConsultingLegal entityDirector· perm. rep.: Mitch De GeestState Gazette act 25152312 (02-12-2025)Current07-07-2025 → present
-
MARCOFINLegal entityDirector· perm. rep.: Jean-Marc RoelandtState Gazette act 25152312 (02-12-2025)Current07-07-2025 → present
-
Current07-07-2025 → present
-
Current07-07-2025 → present
Former directors (6)
-
Former- → 07-07-2025
-
Former- → 07-07-2025
-
Former- → 07-07-2025
-
Former- → 07-07-2025
-
Former- → 07-07-2025
-
Former- → 07-07-2025
Insolvency mandates
Legal Structure
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Public limited company(014) |
| Incorporation | 05-07-2023 |
| Status | Active |
| Postal code | 8020 |
Structure & network
Connections & network
13 connected companiesOwnership & control
5 partiesEach band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankThis address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Siemenslaan 138020 OostkampReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0599/00C000 | Flanders | 489 m² | 1 · 489 m² | 8.3 m · 2 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
4 acts05-05-2026 Officer resignation · Power of attorney · Officer appointment · Act object
- Filing: 2026-04-03 · Citymesh Navigator
- Publication: 2026-05-05 · Citymesh Navigator
- Officer resignation: role: bestuurder, acceptance_date: 2026-03-23, notification_date: 2026-02-27 · MARCOFIN BV
- Power of attorney: scope: neerleggings- en publicatieformaliteiten ter griffie van de bevoegde ondernemingsrechtbank, granted_to: iedere bestuurder van de Vennootschap, decision_date: 2026-03-23 · Citymesh Navigator
- Officer appointment: role: bestuurder · Mitch De Geest
- Act object: Ontslag bestuurder
- Power of attorney · Citymesh Navigator
02-12-2025 5 directors appointed, 6 resigning
- Jean-Marc Roelandt, Bestuurder
- Joeri Tranchet, Bestuurder
- Tom Knaepen, Bestuurder
- André Knaepen, Bestuurder
- Mitch De Geest, Bestuurder
- Freek Pauwels, Bestuurder
- Mitch De Geest, Bestuurder
- Stijn Bijnens, Bestuurder
25-10-2024 EY Bedrijfsrevisoren BV appointed as statutory auditor
07-07-2023 Incorporation of a new NV
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
Ask AI about this company
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AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector and regionCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | Citymesh Navigator |