ACTIVE

Citymesh Safety Drones

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Financial year 2024 · Closed on 31/12/2024

Net result-1,3 M €-127,9 %over 1 year
Gross margin-318,3 k €-18,0 %over 1 year
Equity3,3 M €+130,4 %over 1 year
Workforce9,6 ETP+317,4 %over 1 year

Identity

Source · BCE/KBO

Citymesh Safety Drones is a Private limited company incorporated in 2015. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Sint-Truiden. It employs on average 9,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0644.634.482
Incorporation
18/12/2015
Legal form
Private limited company
Registered office
Lichtenberglaan 1090
3800 Sint-Truiden · FlandreSee on map
Contributed capital
1 726 650,58 €
Latest accounts
31/12/2024
Average workforce
9,6 ETP
Joint committees (1)
  • 2000
Signals
Healthy social debts

Financials

Source · NBB, 11 filings

Trend over 9 financial years

20242023202220212020
Income statement
Gross margin-318,3 k €-269,7 k €1,3 k €4,3 k €6,4 k €
EBITDA-1,1 M €-446,2 k €932,2 €4,3 k €6,4 k €
Operating result-1,3 M €-521,2 k €-8 k €-5,3 k €-785,6 €
Net result-1,3 M €-549,3 k €-8,2 k €-5,4 k €-985,1 €
Balance sheet
Equity3,3 M €1,4 M €44,1 k €52,3 k €57,7 k €
Total assets11,2 M €6,4 M €51,8 k €68,6 k €61 k €
Cash70,5 k €201,6 k €30,3 k €17,6 k €16,8 k €
Debts7,8 M €4,9 M €3,2 k €16,3 k €3,3 k €
Other
Workforce9,6 ETP2,3 ETP–––

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 5 ended

Active mandates

Joeri Tranchet

Director · since 31 juillet 2023

Active
Luc Vreys

Director · since 31 juillet 2023

Active
Mitch De Geest

Director · since 24 juin 2022 · until 24 juin 2028

Active

Ended mandates

Esdacon

Director · since 11 juin 2020 · 0825.447.729

Represented by Daems STEPHAN

Ended
Esdacon

Director · since 11 juin 2020 · 0825.447.729

Represented by Stephan Daems

Ended
ID en D

Director · since 11 juin 2020 · 0444.955.430

Represented by Bijnens Stijn

Ended
ID en D

Director · since 11 juin 2020 · 0444.955.430

Represented by Stijn Bijnens

Ended

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Lichtenberglaan 1090 3800 Sint-Truiden
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Full financial information

Source · NBB
202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/07/202502/08/202412/07/202325/07/202214/06/202102/04/2020
General meeting07/07/202523/07/202430/06/202330/06/202203/02/202110/02/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202407/07/202522/07/2025DutchPDF
Abridged model31/12/202323/07/202402/08/2024DutchPDF
Abridged model31/12/202230/06/202312/07/2023FrenchPDF
Abridged model31/12/202130/06/202225/07/2022FrenchPDF
Micro model31/12/202003/02/202114/06/2021FrenchPDF
Abridged model31/12/201910/02/202002/04/2020FrenchPDF
Abridged modelCorrection31/12/201802/07/201917/09/2019FrenchPDF
Abridged model31/12/201802/07/201930/08/2019FrenchPDF
Abridged modelCorrection31/12/201726/07/201824/09/2018FrenchPDF
Abridged model31/12/201726/07/201831/07/2018FrenchPDF
Abridged model31/12/201602/05/201716/06/2017FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 5 ended

Active mandates

Joeri Tranchet

Director · since 31 juillet 2023

Active
Luc Vreys

Director · since 31 juillet 2023

Active
Mitch De Geest

Director · since 24 juin 2022 · until 24 juin 2028

Active

Ended mandates

Esdacon

Director · since 11 juin 2020 · 0825.447.729

Represented by Daems STEPHAN

Ended
Esdacon

Director · since 11 juin 2020 · 0825.447.729

Represented by Stephan Daems

Ended
ID en D

Director · since 11 juin 2020 · 0444.955.430

Represented by Bijnens Stijn

Ended
ID en D

Director · since 11 juin 2020 · 0444.955.430

Represented by Stijn Bijnens

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office21/08/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring22/08/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Restructuring22/08/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Restructuring26/06/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other30/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office30/08/2023
    SIEGE SOCIAL - CAPITAL, ACTIONS
    PDF
  • Mandates26/07/2023
    DENOMINATION - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024-1,3 M €↓
  2. 2023
    Annual accounts 2023-549,3 k €↓
  3. 2023
    Name changeCITYMESH SAFETY DRONES
  4. 2022
    Annual accounts 2022-8,2 k €↓
  5. 2021
    Annual accounts 2021-5,4 k €↓
  6. 2020
    Annual accounts 2020-985,1 €↓
  7. 2019
    Annual accounts 20193,4 k €↑
  8. 2018
    Annual accounts 20181,6 k €↓
  9. 2017
    Annual accounts 20171,8 k €↓
  10. 2016
    Annual accounts 20161,8 k €
  11. 2016
    Name changeGRIDMAX
  12. 18/12/2015
    IncorporationPrivate limited company