Financials
- Fiscal year
- 2025
- Turnover
- €1.3m
- Loss
- -€2.0m
- Solvency
- 1.7%
Turnover▼ 16.0%
Net result
20242025
CITYMESH OPERATOR
ActiveSummary
CITYMESH OPERATOR has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €706,406 and a net result of -€2.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Wired, wireless and satellite telecommunications
NACE 61100Telecommunications resale and intermediation services NACE 61200
#2 company by total assets in West Flanders, Telecommunications sector1 site
Size
€1.3mturnover 2025
- Equity
- €706,406
- Loss
- -€2.0m
Structure
- Parent
- Citymesh Holding · 100%
- Board
- 6 members
- Holdings
- 4
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts filed 39 d late
Why 67- Liquidity: current ratio 1.61, cash €114,327, halved- Latest accounts 39 days late; 1 of the last 3 late- Sector Telecommunications (NACE 61)+ Size: turnover €1.3m, total assets €40.7mShow the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 32% of its sector peers (all companies)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
27+3
equity 1.7% of total assets
Liquidity
37-9
short-term debt 30.7% · cash 0.3%
Profitability
25-3
return on assets -4.9%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● 0.0% vs 11-2024
01-2025: 0.5%● 0.0% vs 12-2024
02-2025: 0.4%▼ -16.3% vs 01-2025
03-2025: 0.4%▲ +1.9% vs 02-2025
04-2025: 0.4%● 0.0% vs 03-2025
05-2025: 0.5%▲ +4.8% vs 04-2025
06-2025: 0.5%▲ +9.6% vs 05-2025
07-2025: 0.5%▲ +4.6% vs 06-2025
08-2025: 0.4%▼ -28.5% vs 07-2025
09-2025: 0.4%▼ -4.5% vs 08-2025
10-2025: 0.4%● 0.0% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.3%▼ -2.8% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▼ -2.0% vs 01-2026lowest value
03-2026: 0.3%▲ +1.8% vs 02-2026
04-2026: 0.3%● 0.0% vs 03-2026
05-2026: 0.3%▲ +1.2% vs 04-2026
06-2026: 0.4%▲ +0.6% vs 05-2026
07-2026: 0.4%▲ +2.0% vs 06-2026
08-2026: 0.6%▲ +78.6% vs 07-2026
09-2026: 0.8%▲ +24.2% vs 08-2026
10-2026: 0.8%▲ +5.5% vs 09-2026highest value
- Liquidity: current ratio 1.61, cash €114,327, halved raises the probability
- Size: turnover €1.3m, total assets €40.7m lowers the probability for this profile
- Latest accounts 39 days late; 1 of the last 3 late raises the probability
- Sector Telecommunications (NACE 61) raises the probability
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 3.02 in 2024; short-term debt: 30.7% and cash: 0.3% of total assets), but 98.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 13%, liquidity 38%, profitability 18%, growth against the median 57%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 93 sector peers (2025).
NBB · sector comparisonPosition among 93 sector peers
Solvency
better than 15%
← weakest
strongest →
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 08-09-2026, 39 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
39 d late
2024
9 d early
2023
2 d early
2022
5 d early
2021
11 d early
2020
29 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- MiscellaneousCorrection
- Resignations: ID&D NV, ESDACON BV and…Permanent representatives: Stijn Bijnens, Stephan…
Key points
- Risk: 4 loss-making years in a rowloss fiscal year 2025 -€2.0m View
- Caution: Among the weakest 10% on net resultsector median €24,948 · 93 companies -€2.0m View
- Caution: Result fell in 2025from -€1.3m to -€2.0m ▼ 47.6% View
- Directors leftlatest change 14-01-2026 · 6 in office 3 left View
- Controlled by Citymesh Holdingknown shareholders 100% 100% View
- Branch transferred to Citymesh DIGI Holdingcontribution on 12-02-2025 2025 View
By topic
Board & ownership
- Board
- 6 members
- Parent
- Citymesh Holding · 100%
- Known shareholders
- 100%
- Auditor
- Ernst et Young Reviseurs…
Go to Board & ownership
Network & group
- Subsidiaries
- 5
- Holdings
- 4
- Connected companies
- 36
- Mergers and contributions
- 3
5 subsidiaries
Timeline
- Events
- 32
- Since
- 2014
- Next accounts
- by 31-07-2027
- 08-09-2026Annual accounts filed
- 11-03-2026Miscellaneous
- 27-01-2026Resignations: ID&D NV, ESDACON BV and DEBUTO…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100
- Founded
- 22-08-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De vennootschap heeft tot voorwerp: i. voor eigen rekening, voor rekening van derden of in…
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