NORMAL SITUATION

Citymesh Flex

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Financial year 2025 · closed on 31/12/2025

Net result

-724,2 k €

-53919.4% YoY

Gross margin

2,8 M €

-3.1% YoY

Equity

364,8 k €

-66.5% YoY

Workforce

26,9 ETP

+35.9% YoY

Company — Normal situation.

Strike-off: 20 août 2026

What does Citymesh Flex do?

Citymesh Flex is a Private limited company incorporated in 2016. It employs on average 26,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0650.535.151

Incorporation

17/03/2016

Legal form

Private limited company

Contributed capital

235 726,63 €

Latest accounts

31/12/2025

Average workforce

26,9 ETP

Joint committees (4)

100
1000
200
2000

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	2,8 M €	-3.1%	2,9 M €	+317%	695,1 k €	+9699%	-7,2 k €	-118%	39,9 k €	+334%	-17,1 k €	-178%	22 k €	-70.6%	74,6 k €	-0.1%	74,7 k €
EBITDA	494,4 k €	-55.3%	1,1 M €	+756%	-168,5 k €	-5337%	-3,1 k €	-157%	5,5 k €	+111%	-49,1 k €	-128%	-21,6 k €	-229%	16,7 k €	+10.5%	15,1 k €
Operating result	-673,4 k €	-522%	159,4 k €	+148%	-334,3 k €	-2406%	-13,3 k €	-48.1%	-9 k €	+85.4%	-61,8 k €	-75.0%	-35,3 k €	-833%	4,8 k €	-26.4%	6,5 k €
Net result	-724,2 k €	-53919%	-1,3 k €	+99.6%	-341,7 k €	-2052%	-15,9 k €	-9.1%	-14,6 k €	+70.5%	-49,3 k €	-39.9%	-35,3 k €	-18472%	191,9 €	-88.9%	1,7 k €
Balance sheet
Equity	364,8 k €	-66.5%	1,1 M €	+742%	-169,6 k €	-58.7%	-106,9 k €	-17.4%	-91 k €	-19.0%	-76,4 k €	-182%	-27,1 k €	-434%	8,1 k €	+2.4%	7,9 k €
Total assets	5,6 M €	-8.2%	6,1 M €	+226%	1,9 M €	+10991%	17 k €	-78.5%	79,2 k €	-3.8%	82,3 k €	-23.5%	107,6 k €	-48.7%	209,8 k €	+59.4%	131,6 k €
Cash	209,5 k €	-48.3%	404,9 k €	+231%	122,4 k €	+2453%	4,8 k €	+221%	1,5 k €	-89.4%	14,1 k €	-54.6%	31 k €	-47.1%	58,7 k €	+23.0%	47,7 k €
Debts	5,1 M €	+4.6%	4,9 M €	+148%	2 M €	+1566%	119,2 k €	-28.1%	165,8 k €	+7.5%	154,3 k €	+17.5%	131,3 k €	-30.6%	189,2 k €	+57.7%	119,9 k €
Other
Workforce	26,9 ETP	+35.9%	19,8 ETP	+76.8%	11,2 ETP		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Ghost Consulting

Director · since 07 juillet 2025 · until 05 mai 2031 · 0821.305.631

Represented by Mitch De Geest

Active

Joeri Tranchet

Director · since 07 juillet 2025 · until 05 mai 2031

Active

Luc Vreys

Manager · since 29 mai 2018

Active

Ended mandates

Luc Vreys

Director · since 29 mai 2018

Ended

Ward Van Ooteghem

Director · since 17 mars 2016

Ended

Ward Van Ooteghem

Manager · since 16 mars 2016

Ended

Luc Vreys

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	22/07/2025	30/07/2024	12/07/2023	25/07/2022	02/07/2021
General meeting	31/08/2026	07/07/2025	23/07/2024	30/06/2023	30/06/2022	14/06/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	07/07/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	23/07/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	04/07/2018	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Ghost Consulting

Director · since 07 juillet 2025 · until 05 mai 2031 · 0821.305.631

Represented by Mitch De Geest

Active

Joeri Tranchet

Director · since 07 juillet 2025 · until 05 mai 2031

Active

Luc Vreys

Manager · since 29 mai 2018

Active

Ended mandates

Luc Vreys

Director · since 29 mai 2018

Ended

Ward Van Ooteghem

Director · since 17 mars 2016

Ended

Ward Van Ooteghem

Manager · since 16 mars 2016

Ended

Luc Vreys

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring31/08/2026
MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING DOOR
PDF
Other09/06/2026
DIVERSEN
PDF
Mandates26/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/09/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/06/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/07/2023
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring31/05/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025-724,2 k €↓
2024
Annual accounts 2024-1,3 k €↑
2023
Annual accounts 2023-341,7 k €↓
2023
Name changeCitymesh Flex
2022
Annual accounts 2022-15,9 k €↓
2021
Annual accounts 2021-14,6 k €↑
2020
Annual accounts 2020-49,3 k €↓
2019
Annual accounts 2019-35,3 k €↓
2018
Annual accounts 2018191,9 €↓
2017
Annual accounts 20171,7 k €
2017
Name changeIN ANY EVENT
17/03/2016
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

Citymesh Flex

Overview

What does Citymesh Flex do?

Trend over 9 financial years

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