NORMAL SITUATION

City Shopping Center

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Company — Normal situation.

Strike-off: 18 juillet 2026

Financial year 2025 · Closed on 31/12/2025

Net result3,8 M €+36 677,7 %over 1 year

Gross margin5,5 M €+9 386,7 %over 1 year

Equity4,9 M €+355,9 %over 1 year

Identity

Source · BCE/KBO

City Shopping Center is a Private limited company incorporated in 1993.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.015.653
Incorporation: 04/10/1993
Legal form: Private limited company
Contributed capital: 1 023 552,36 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	5,5 M €	+9387%	58,3 k €	-32.1%	85,9 k €	+10.1%	77,9 k €	-5.6%	82,6 k €
EBITDA	5,5 M €	+13020%	42,1 k €	-40.6%	70,9 k €	+8.6%	65,3 k €	-7.0%	70,2 k €
Operating result	5,5 M €	+61017%	9 k €	-76.4%	38,3 k €	+11.9%	34,3 k €	+48.7%	23 k €
Net result	3,8 M €	+36678%	10,3 k €	-75.0%	41,5 k €	+11.0%	37,4 k €	+42.8%	26,2 k €
Balance sheet
Equity	4,9 M €	+356%	1,1 M €	+1.0%	1,1 M €	+4.1%	1 M €	+3.8%	980,2 k €
Total assets	5 M €	+355%	1,1 M €	+0.3%	1,1 M €	+4.2%	1,1 M €	+3.4%	1 M €
Cash	4,4 M €	+16443%	26,8 k €	-89.7%	261,7 k €	+33.3%	196,3 k €	+21.8%	161,1 k €
Debts	116,7 k €	+731%	14,1 k €	-18.5%	17,2 k €	+40.2%	12,3 k €	+3.4%	11,9 k €

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Annik Mahy

Director

Active

Christiane De Brauwere

Director

Active

Inge Mahy

Director

Active

Michel Mahy

Director

Active

Ended mandates

Annick Mahy

Director · since 14 avril 2010 · until 14 avril 2016

Ended

Christiane Debrauwere

Managing director · since 14 avril 2010 · until 14 avril 2016

Ended

Inge Mahy

Director · since 14 avril 2010 · until 14 avril 2016

Ended

Michel Mahy

Director · since 14 avril 2010 · until 14 avril 2016

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	04/05/2026	27/08/2025	26/08/2024	18/08/2023	20/07/2022	09/07/2021
General meeting	27/03/2026	21/06/2025	31/05/2024	20/03/2023	14/04/2022	19/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/03/2026	04/05/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	26/08/2024	Dutch	PDF
Micro model	31/12/2022	20/03/2023	18/08/2023	Dutch	PDF
Micro model	31/12/2021	14/04/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	19/06/2021	09/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	14/08/2020	Dutch	PDF
Micro model	31/12/2018	22/06/2019	12/08/2019	Dutch	PDF
Micro model	31/12/2017	23/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	17/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	20/08/2014	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	17/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	16/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	05/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	23/07/2007	Dutch	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Annik Mahy

Director

Active

Christiane De Brauwere

Director

Active

Inge Mahy

Director

Active

Michel Mahy

Director

Active

Ended mandates

Annick Mahy

Director · since 14 avril 2010 · until 14 avril 2016

Ended

Christiane Debrauwere

Managing director · since 14 avril 2010 · until 14 avril 2016

Ended

Inge Mahy

Director · since 14 avril 2010 · until 14 avril 2016

Ended

Michel Mahy

Director · since 14 avril 2010 · until 14 avril 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution22/07/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates08/01/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates22/01/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/02/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2002
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 20253,8 M €↑
2024
Annual accounts 202410,3 k €↓
2023
Annual accounts 202341,5 k €↑
2022
Annual accounts 202237,4 k €↑
2021
Annual accounts 202126,2 k €↑
2019
Annual accounts 201921,8 k €↑
2018
Annual accounts 2018-5,9 k €↓
2017
Annual accounts 201714,8 k €↑
2016
Annual accounts 201614,6 k €↑
2015
Annual accounts 20156,5 k €↑
2014
Annual accounts 2014-8,6 k €↓
2013
Annual accounts 2013-5,9 k €↓
2011
Annual accounts 201153,7 k €↑
2010
Annual accounts 2010-83,5 k €↓
2009
Annual accounts 2009-56 k €↑
2008
Annual accounts 2008-65,4 k €↓
2007
Annual accounts 2007-59,6 k €↓
2006
Annual accounts 2006-48,6 k €
04/10/1993
IncorporationPrivate limited company

City Shopping Center

Overview

Identity

Financials

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

Timeline