ACTIVE

CITRIBEL (SA)

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Financial year 2025 · closed on 30/09/2025

Net result

-8,2 M €

+60.6% YoY

Revenue

91,8 M €

-15.0% YoY

Equity

78,1 M €

-9.5% YoY

Workforce

338,8 ETP

-4.2% YoY

What does CITRIBEL do?

CITRIBEL is a Public limited company incorporated in 1929. Its registered office is in Tienen. It employs on average 338,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.934.652

Incorporation

10/04/1929

Legal form

Public limited company

Registered office

Pastorijstraat 249
3300 Tienen · FlandreSee on map

Contributed capital

15 109 142,79 €

Latest accounts

30/09/2025

Average workforce

338,8 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	91,8 M €	-15.0%	108 M €	-66.2%	319,8 M €	+137%	134,9 M €	+19.4%	113 M €	+1.7%	111 M €	-6.4%	118,6 M €	-4.6%	124,3 M €	+7.7%	115,4 M €	-4.0%	120,2 M €	-2.0%	122,6 M €	-0.1%	122,7 M €	-5.0%	129,2 M €	+7.8%	119,8 M €	-6.2%	127,7 M €	+16.7%	109,4 M €	-10.0%	121,6 M €	+10.2%	110,3 M €	+2.5%	107,6 M €
EBITDA	-3,8 M €	+73.1%	-14,3 M €	-115%	97 M €	+464%	17,2 M €	+82.8%	9,4 M €	+301%	2,3 M €	-80.0%	11,7 M €	+15.3%	10,1 M €	+47.3%	6,9 M €	+754%	-1,1 M €	-76.1%	-597,4 k €	-105%	12,7 M €	-9.7%	14 M €	+253%	4 M €	-50.2%	8 M €	+45.8%	5,5 M €	+190%	1,9 M €	+127%	-7 M €	-88.5%	-3,7 M €
Operating result	-7,9 M €	+61.0%	-20,3 M €	-127%	75,2 M €	+560%	11,4 M €	+218%	3,6 M €	+262%	-2,2 M €	-132%	6,9 M €	+26.9%	5,5 M €	+258%	1,5 M €	+125%	-6,2 M €	-24.9%	-5 M €	-160%	8,3 M €	-15.2%	9,8 M €	+847%	1 M €	-69.6%	3,4 M €	+100%	1,7 M €	+176%	-2,2 M €	+82.3%	-12,6 M €	-29.9%	-9,7 M €
Net result	-8,2 M €	+60.6%	-20,8 M €	-136%	58,3 M €	+473%	10,2 M €	+293%	2,6 M €	+197%	-2,7 M €	-145%	5,9 M €	+49.4%	3,9 M €	+370%	837,3 k €	+114%	-6 M €	-28.4%	-4,6 M €	-157%	8,1 M €	-7.2%	8,7 M €	+2032%	-452 k €	-116%	2,8 M €	+69.2%	1,6 M €	+128%	-5,8 M €	+56.0%	-13,2 M €	-30.9%	-10,1 M €
Balance sheet
Equity	78,1 M €	-9.5%	86,3 M €	-19.5%	107,3 M €	+119%	49 M €	+26.2%	38,8 M €	+7.1%	36,2 M €	-6.9%	38,9 M €	+17.8%	33 M €	+135%	14,1 M €	+6.3%	13,2 M €	-31.1%	19,2 M €	-19.5%	23,8 M €	+51.5%	15,7 M €	+125%	7 M €	-6.3%	7,5 M €	+57.6%	4,7 M €	+51.1%	3,1 M €	-60.9%	8 M €	+50.2%	5,4 M €
Total assets	110,8 M €	-9.3%	122,2 M €	-17.6%	148,3 M €	+45.1%	102,2 M €	+5.3%	97,1 M €	+5.5%	92 M €	+25.4%	73,4 M €	+5.4%	69,7 M €	-6.4%	74,4 M €	+2.2%	72,8 M €	-11.1%	81,9 M €	-10.8%	91,8 M €	+15.6%	79,4 M €	+4.1%	76,2 M €	+8.1%	70,5 M €	-18.2%	86,2 M €	+9.1%	79,1 M €	+11.8%	70,7 M €	-16.9%	85,1 M €
Cash	2,5 M €	-76.2%	10,3 M €	+55.1%	6,7 M €	+494%	1,1 M €	+80.1%	623 k €	-9.3%	686,7 k €	-41.9%	1,2 M €	+4.6%	1,1 M €	+118%	517,4 k €	+24.5%	415,7 k €	+201%	137,9 k €	-97.4%	5,3 M €	+102%	2,6 M €	-46.4%	4,9 M €	-42.7%	8,5 M €	+12691%	66,5 k €	+238%	19,7 k €	-99.9%	14,8 M €	-36.8%	23,4 M €
Debts	25,1 M €	-10.0%	27,9 M €	-14.5%	32,6 M €	-37.1%	51,8 M €	-8.1%	56,4 M €	+4.9%	53,7 M €	+63.8%	32,8 M €	-3.6%	34 M €	-40.6%	57,3 M €	+0.6%	57 M €	-6.4%	60,8 M €	-7.6%	65,9 M €	+8.1%	60,9 M €	-6.8%	65,4 M €	+11.3%	58,8 M €	-23.7%	77,1 M €	+11.2%	69,3 M €	+21.4%	57,1 M €	-22.6%	73,8 M €
Other
Workforce	338,8 ETP	-4.2%	353,8 ETP	+0.7%	351,4 ETP	+3.3%	340,2 ETP	+0.7%	337,8 ETP	+2.2%	330,5 ETP	+3.3%	319,9 ETP	+5.1%	304,5 ETP	+3.4%	294,4 ETP	-0.7%	296,5 ETP	+0.2%	295,9 ETP	+0.2%	295,2 ETP	+3.8%	284,4 ETP	+6.2%	267,9 ETP	-1.4%	271,7 ETP	+2.1%	266,1 ETP	-5.8%	282,4 ETP	-2.4%	289,2 ETP	+0.2%	288,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 49 ended

Active mandates

Lavolpe

Managing director · since 01 octobre 2023 · until 15 mars 2029 · 0820.366.612

Active

Brandaan Mombaers

Director · since 13 novembre 2020 · until 18 mars 2027

Active

Johan Volckaerts

Managing director · since 06 novembre 2020 · until 18 mars 2027

Active

Ended mandates

Brandaan Mombaers

Director · since 13 novembre 2020 · until 20 mai 2027

Ended

Sylvia Gilis

Director · since 13 novembre 2020 · until 18 mars 2027

Ended

Sylvia Gilis

Director · since 13 novembre 2020 · until 20 mai 2027

Ended

Johan Volckaerts

Managing director · since 06 novembre 2020 · until 20 mai 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	21 months	12 months	12 months	12 months
Filing date	24/04/2026	09/04/2025	11/04/2024	09/06/2022	14/06/2021	16/06/2020
General meeting	27/03/2026	20/03/2025	21/03/2024	19/05/2022	20/05/2021	25/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	27/03/2026	24/04/2026	Dutch	PDF
Full model	30/09/2024	20/03/2025	09/04/2025	Dutch	PDF
Full model	30/09/2023	21/03/2024	11/04/2024	Dutch	PDF
Full model	31/12/2021	19/05/2022	09/06/2022	Dutch	PDF
Full model	31/12/2020	20/05/2021	14/06/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	16/06/2020	Dutch	PDF
Full model	31/12/2018	26/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	17/05/2018	18/05/2018	Dutch	PDF
Full model	31/12/2016	18/05/2017	30/05/2017	Dutch	PDF
Full model	31/12/2015	19/05/2016	02/06/2016	Dutch	PDF
Full model	31/12/2014	21/05/2015	02/06/2015	Dutch	PDF
Full model	31/12/2013	15/05/2014	23/05/2014	Dutch	PDF
Full model	31/12/2012	16/05/2013	30/05/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	29/05/2012	Dutch	PDF
Full model	31/12/2010	19/05/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	20/05/2010	04/06/2010	Dutch	PDF
Full model	31/12/2008	28/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	26/05/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 49 ended

Active mandates

Lavolpe

Managing director · since 01 octobre 2023 · until 15 mars 2029 · 0820.366.612

Active

Brandaan Mombaers

Director · since 13 novembre 2020 · until 18 mars 2027

Active

Johan Volckaerts

Managing director · since 06 novembre 2020 · until 18 mars 2027

Active

Ended mandates

Brandaan Mombaers

Director · since 13 novembre 2020 · until 20 mai 2027

Ended

Sylvia Gilis

Director · since 13 novembre 2020 · until 18 mars 2027

Ended

Sylvia Gilis

Director · since 13 novembre 2020 · until 20 mai 2027

Ended

Johan Volckaerts

Managing director · since 06 novembre 2020 · until 20 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

27/03/2026
nominationKhadija Aourz — commissaris (vaste vertegenwoordiger)
2025
Annual accounts 2025-8,2 M €↑
2024
Annual accounts 2024-20,8 M €↓
21/11/2023
nominationDieter Vanloock — vaste vertegenwoordiger van de commissaris
01/10/2023
nominationBV LAVOLPE — bestuurder
2023
Annual accounts 202358,3 M €↑
19/05/2022
nominationMibran BVBA — bestuurder
19/05/2022
reconductionMibran BVBA — bestuurder gedelegeerd tot het dagelijks bestuur
19/05/2022
nominationKPMG Bedrijfsrevisoren BV — commissaris
2021
Annual accounts 202110,2 M €↑
2020
Annual accounts 20202,6 M €↑
2019
Annual accounts 2019-2,7 M €↓
2018
Annual accounts 20185,9 M €↑
2017
Annual accounts 20173,9 M €↑
2016
Annual accounts 2016837,3 k €↑
2015
Annual accounts 2015-6 M €↓
2014
Annual accounts 2014-4,6 M €↓
2013
Annual accounts 20138,1 M €↓
2012
Annual accounts 20128,7 M €↑
2011
Annual accounts 2011-452 k €↓
2010
Annual accounts 20102,8 M €↑
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 2008-5,8 M €↑
2007
Annual accounts 2007-13,2 M €↓
2006
Annual accounts 2006-10,1 M €
10/04/1929
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CITRIBEL (SA)

Overview

What does CITRIBEL do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline