LA CITY
ActiveSummary
LA CITY has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.53M and a net result of €2.58M. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84=
Solvency68▼-8
Growth52▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.13 in 2024; short-term debt: 18.3% and cash: 24.2% of total assets), but 56.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.4%
Return on assets
5.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-02-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
41 d early
2023
56 d early
2022
61 d early
2021
60 d early
2020
56 d early
2019
58 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.88M▲ 15.0%
2024 · €5.98M
2018: €5.82M
2019: €5.98M
2020: €6.27M
2021: €6.47M
2022: €6.69M
2023: €3.09M
2024: €5.98M
2018 → 2025
EBIT margin
56.3%▲ 4.6pp
2024 · 51.7%
2018: 58.3%
2019: 58.0%
2020: 59.3%
2021: 60.2%
2022: 62.1%
2023: -68.8%
2024: 51.7%
2018 → 2025
Net result
€2.58M▼ 3.0%
2024 · €2.67M
2018: €2.03M
2019: €2.25M
2020: €2.37M
2021: €2.59M
2022: €2.79M
2023: €-2.01M
2024: €2.67M
2018 → 2025
Working capital
€5.18M▲ 203%
2024 · €1.71M
2018: €15.41M
2019: €19.18M
2020: €23.65M
2021: €28.54M
2022: €13.13M
2023: €10.13M
2024: €1.71M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.47M-€6.69M▲ 3.4%€3.09M▼ 53.8%€5.98M▲ 93.4%€6.88M▲ 15.0%
Equity€42.00M-€24.29M▼ 42.2%€22.28M▼ 8.3%€24.95M▲ 12.0%€19.53M▼ 21.7%
Operating result€3.89M-€4.15M▲ 6.7%€-2.13M€3.09M€3.87M▲ 25.3%
Net result€2.59M-€2.79M▲ 7.9%€-2.01M€2.67M€2.58M▼ 3.0%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44.96M
Fixed assets
€31.53M ▼ 7.9%
Current assets
€13.42M ▼ 6.9%
Equity and liabilities €44.96M
Equity
€19.53M ▼ 21.7%
Debt
€25.43M ▲ 7.3%
Debt's share of the balance-sheet total rises from 48.7% to 56.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6.70M▲
2024 · €5.84M
Cash flow
€5.41M=
2024 · €5.41M
Current ratio
1.63▲
2024 · 1.13
Debt to equity
1.30▲
2024 · 0.95
ROE
13.2%▲
2024 · 10.7%
ROA
5.7%▲
2024 · 5.5%
Interest coverage
16.21▼
2024 · 32.05
Debt ≤ 1 year
€8.25M▼
2024 · €12.70M
Debt > 1 year
€14.30M▲
2024 · €8.30M
Income taxes
€994k▲
2024 · €461k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€48.64M€44.96M▼
Fixed assets21/28€34.23M€31.53M▼
Tangible fixed assets22/27€34.23M€31.53M▼
Land and buildings22€34.11M€31.42M▼
Plant, machinery and equipment23€126k€112k▼
Current assets29/58€14.41M€13.42M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€2.05M€382k▼
Trade receivables40€2.05M€46k▼
Other amounts receivable41-€336k
Cash at bank and in hand54/58€9.18M€10.88M▲
Deferred charges and accrued income490/1€3.18M€2.16M▼
Equity and liabilities
Total equity and liabilities10/49€48.64M€44.96M▼
Equity10/15€24.95M€19.53M▼
Contributions10/11€15.60M€15.60M=
Capital10€15.60M€15.60M=
Issued capital100€15.60M€15.60M=
Reserves13€1.56M€1.56M=
Non-distributable reserves130/1€1.56M€1.56M=
Legal reserve130€1.56M€1.56M=
Profit (loss) carried forward14€7.79M€2.37M▼
Amounts payable17/49€23.70M€25.43M▲
Amounts payable after more than one year17€8.30M€14.30M▲
Financial debts170/4€8.30M€14.30M▲
Other loans174€8.30M€14.30M▲
Amounts payable within one year42/48€12.70M€8.25M▼
Current portion of amounts payable after more than one year42€12.50M€0▼
Trade debts44€92k€53k▼
Suppliers440/4€92k€53k▼
Taxes, remuneration and social security45€111k€194k▲
Taxes450/3€111k€194k▲
Other amounts payable47/48-€8.00M
Accrued charges and deferred income492/3€2.70M€2.88M▲
Income statement
Code20242025
Operating income70/76A€8.03M€8.79M▲
Turnover70€5.98M€6.88M▲
Other operating income74€2.05M€1.91M▼
Operating charges60/66A€4.94M€4.92M▼
Services and other goods61€287k€281k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.74M€2.82M▲
Other operating charges640/8€1.91M€1.81M▼
Operating profit (loss)9901€3.09M€3.87M▲
Financial income75/76B€217k€119k▼
Recurring financial income75€217k€119k▼
Income from current assets751€217k€119k▼
Other financial income752/9€0€0▼
Financial charges65/66B€183k€414k▲
Recurring financial charges65€183k€414k▲
Debt charges650€182k€413k▲
Other financial charges652/9€384€696▲
Profit (loss) for the period before taxes9903€3.13M€3.58M▲
Income taxes67/77€461k€994k▲
Taxes670/3€461k€994k▲
Profit (loss) for the period9904€2.67M€2.58M▼
Profit (loss) for the period to be appropriated9905€2.67M€2.58M▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.79M€10.37M▲
Profit (loss) brought forward from the previous period14P€5.12M€7.79M▲
Profit to be distributed694/7-€8.00M
Return on contributions (dividend)694-€8.00M
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
State Gazette act
Reappointments: Irène Florescu (director) and Christophe Tans (director)Appointment: BE Audit (statutory auditor) · Permanent representative: Amaury Stas De Richelle · Mandate compensation7 facts ▸
State Gazette act
Reappointments: Irène Florescu (director) and Christophe Tans (director)
Appointment: BE Audit (statutory auditor) · Permanent representative: Amaury Stas De Richelle · Mandate compensation7 facts ▸
- General meeting, 25/02/2026
- Director reappointment, Irène Florescu (director)
- Director reappointment, Christophe Tans (director)
- Mandate compensation, Irène Florescu
- Mandate compensation, Christophe Tans
- Auditor appointment, BE Audit (statutory auditor)
- Permanent representative, Amaury Stas De Richelle
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Back to profitnet €2.67M
Net result €2.67M after one loss-making year.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet €-2.01M ▼172%
Net result drops to €-2.01M, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 5current ratio 8.28
Current ratio from 1.63 to 8.28; short-term debt falls from €20.78M to €1.39M.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €2.79M ▲7.9%
Operating result €4.15M, net result €2.79M, both a record.
01-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Liquidity doublescurrent ratio 113.91
Current ratio from 55.88 to 113.91; short-term debt falls from €431k to €253k.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors
Christophe Tans
CurrentDirector
Irène Florescu
CurrentDirector
Not every act has been read: a resignation may be missing here
18 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1990
Ground area
1,027 m²
Building footprint
800 m²
Volume, LiDAR
19,374 m³
Parcel 21805E0534/00D000, Brussels · tallest building 44.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
LA CITY
since 19902.047.251.217
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Be AuditCurrent Statutory auditor · represented by Amaury Stas De Richelle | 20-03-2026 → present |
Structure & network
Connections & network
9 connected companiesLinked via shared directors
via Irène Florescu and Christophe Tans · Director
→
via Christophe Tans · Class A director
→
via Christophe Tans · Class A director
→
via Christophe Tans · Class A director
→
Show 5 more companies with a shared director
via Christophe Tans · Permanent representative
→
via Irène Florescu and Christophe Tans · Director
→
via Christophe Tans · Director
former→
via Christophe Tans · Director
former→
via Christophe Tans · Director
former→
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1989
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.