ACTIVE

CITYRES

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Financial year 2025 · closed on 31/12/2025

Net result

-64,9 k €

-122.4% YoY

Gross margin

79,8 k €

-81.6% YoY

Equity

783,2 k €

-7.7% YoY

Workforce

0,8 ETP

What does CITYRES do?

CITYRES is a Private limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.171.656

Incorporation

27/11/1989

Legal form

Private limited company

Registered office

Coupure 170
9000 Gent · FlandreSee on map

Contributed capital

775 000,00 €

Latest accounts

31/12/2025

Average workforce

0,8 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

Positive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	79,8 k €	-81.6%	434,6 k €	+4.6%	415,6 k €	-39.0%	681,1 k €	+77364%	-881,5 €	-110%	9,1 k €	+118%	-51,1 k €	+21.5%	-65,0 k €	-3.2%	-63,0 k €	-544%	14,2 k €	+226%	4,4 k €	+133%	-13,1 k €	-271%	7,7 k €	-93.7%	122,4 k €	+40.6%	87,1 k €	-8.0%	94,7 k €	-1.1%	95,7 k €	+12.2%	85,3 k €	+30.6%	65,3 k €	-8.1%	71,1 k €
EBITDA	68,2 k €	-84.2%	431,6 k €	+4.6%	412,7 k €	-39.2%	678,7 k €	+21580%	-3,2 k €	-146%	6,9 k €	+113%	-53,4 k €	+20.5%	-67,1 k €	-3.1%	-65,1 k €	-625%	12,4 k €	+376%	2,6 k €	+117%	-14,9 k €	-343%	6,1 k €	-94.9%	120,3 k €	+41.6%	85,0 k €	-8.4%	92,7 k €	-1.0%	93,7 k €	+12.4%	83,3 k €	+31.8%	63,2 k €	-8.9%	69,4 k €
Operating result	-63,9 k €	-122%	292,3 k €	+0.6%	290,4 k €	-47.9%	557,1 k €	+530%	-129,6 k €	+2.1%	-132,4 k €	+30.7%	-191,1 k €	+4.9%	-200,9 k €	-8.1%	-185,9 k €	-88.7%	-98,5 k €	-31.7%	-74,8 k €	-12.4%	-66,5 k €	-133%	-28,5 k €	-142%	67,1 k €	+76.4%	38,0 k €	-15.5%	45,0 k €	-11.1%	50,6 k €	+29.4%	39,1 k €	+107%	18,9 k €	-29.3%	26,7 k €
Net result	-64,9 k €	-122%	290,3 k €	+0.5%	288,9 k €	-48.1%	556,0 k €	+525%	-130,8 k €	+1.9%	-133,4 k €	+30.6%	-192,2 k €	+5.2%	-202,8 k €	-7.3%	-189,0 k €	-84.8%	-102,3 k €	-27.1%	-80,5 k €	-11.3%	-72,3 k €	-80.4%	-40,1 k €	-209%	36,6 k €	+138%	15,4 k €	-14.6%	18,0 k €	+44.0%	12,5 k €	-1.2%	12,7 k €	+28.1%	9,9 k €	+34.6%	7,4 k €
Balance sheet
Equity	783,2 k €	-7.7%	848,2 k €	+52.0%	557,9 k €	+107%	269,1 k €	+194%	-287,0 k €	-83.8%	-156,1 k €	-588%	-22,7 k €	-113%	169,5 k €	-54.5%	372,3 k €	-33.7%	561,3 k €	-15.4%	663,6 k €	+11234%	-6,0 k €	-109%	66,4 k €	-37.7%	106,4 k €	+52.5%	69,8 k €	+10.1%	63,4 k €	+23.4%	51,4 k €	+5.2%	48,9 k €	+35.0%	36,2 k €	-56.0%	82,3 k €
Total assets	2,7 M €	-13.2%	3,1 M €	-1.3%	3,1 M €	+13.4%	2,7 M €	-2.1%	2,8 M €	-5.0%	2,9 M €	-0.7%	3,0 M €	-1.5%	3,0 M €	+1.2%	3,0 M €	+8.7%	2,7 M €	+28.1%	2,1 M €	+76.3%	1,2 M €	+139%	505,1 k €	+24.2%	406,7 k €	-15.3%	480,1 k €	-4.8%	504,2 k €	+0.0%	504,0 k €	-3.6%	523,1 k €	-9.0%	574,6 k €	+5.2%	546,2 k €
Cash	64,6 k €	+12.7%	57,3 k €	-33.9%	86,7 k €	+435%	16,2 k €	+1655%	922,4 €	-79.2%	4,4 k €	-6.7%	4,7 k €	-7.3%	5,1 k €	-15.9%	6,1 k €	-59.1%	14,9 k €	-95.7%	347,8 k €	+22.0%	285,2 k €	+5672%	4,9 k €		–		76,0 €	-93.4%	1,2 k €	+2041%	54,0 €	-90.9%	595,0 €	-94.1%	10,1 k €	-19.5%	12,6 k €
Debts	1,9 M €	-15.3%	2,2 M €	-13.0%	2,5 M €	+3.1%	2,5 M €	-19.9%	3,1 M €	-0.5%	3,1 M €	+3.8%	3,0 M €	+5.2%	2,8 M €	+9.2%	2,6 M €	+19.7%	2,2 M €	+47.8%	1,5 M €	+20.8%	1,2 M €	+177%	438,8 k €	+46.1%	300,3 k €	-26.1%	406,5 k €	-7.6%	440,0 k €	-2.6%	451,6 k €	-4.6%	473,2 k €	-12.1%	538,1 k €	+16.6%	461,5 k €
Other
Workforce	0,8 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Joris Brantegem

Director

Active

Ended mandates

SOBRADIS

Manager · since 18 janvier 2013 · 0442.311.486

Represented by Joris Brantegem

Ended

Vincent De Smedt

Manager · since 27 novembre 1989 · until 18 janvier 2013

Ended

Vincent De Smedt

Manager · since 27 novembre 1989

Ended

Joris Brantegem

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Stichting Administratiekantoor Brassursquare● Active	0767.911.584

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/06/2026	25/06/2025	31/07/2024	10/07/2023	04/07/2022	28/06/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/05/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	10/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	04/07/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	25/06/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	02/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	09/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	01/04/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	05/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	18/07/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/08/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 5 ended

Active mandates

Joris Brantegem

Director

Active

Ended mandates

SOBRADIS

Manager · since 18 janvier 2013 · 0442.311.486

Represented by Joris Brantegem

Ended

Vincent De Smedt

Manager · since 27 novembre 1989 · until 18 janvier 2013

Ended

Vincent De Smedt

Manager · since 27 novembre 1989

Ended

Joris Brantegem

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates05/01/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates10/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other06/02/2013
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/01/2008
KAPITAAL - AANDELEN
PDF
Capital / shares18/01/2006
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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

2025
Annual accounts 2025-64,9 k €↓
2024
Annual accounts 2024290,3 k €↑
2023
Annual accounts 2023288,9 k €↓
2022
Annual accounts 2022556,0 k €↑
2021
Annual accounts 2021-130,8 k €↑
2020
Annual accounts 2020-133,4 k €↑
2019
Annual accounts 2019-192,2 k €↑
2018
Annual accounts 2018-202,8 k €↓
2017
Annual accounts 2017-189,0 k €↓
2016
Annual accounts 2016-102,3 k €↓
2015
Annual accounts 2015-80,5 k €↓
2014
Annual accounts 2014-72,3 k €↓
2013
Annual accounts 2013-40,1 k €↓
2012
Annual accounts 201236,6 k €↑
2012
Name changeCITYRES
2011
Annual accounts 201115,4 k €↓
2010
Annual accounts 201018,0 k €↑
2009
Annual accounts 200912,5 k €↓
2008
Annual accounts 200812,7 k €↑
2007
Annual accounts 20079,9 k €↑
2006
Annual accounts 20067,4 k €
2006
Name changeCentrum voor Orale Rehabilitatie - Vincent DE SMEDT
27/11/1989
IncorporationPrivate 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

CITYRES

Overview

What does CITYRES do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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