ACTIVE

CITYZEN OFFICE

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Financial year 2025 · closed on 31/12/2025
Net result
-325,3 k €
-1822.7% YoY
Gross margin
-6,0 k €
-111.4% YoY
Equity
55,4 M €
-0.6% YoY
Workforce
0,0 ETP

What does CITYZEN OFFICE do?

CITYZEN OFFICE is a Public limited company incorporated in 2019. Its main activity is: Buying and selling of own real estate. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0721.520.840
Incorporation
25/02/2019
Legal form
Public limited company
Registered office
Boulevard Anspach 1
1000 Bruxelles · BruxellesSee on map
Contributed capital
57 052 770,28 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate
Signals
Good liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin-6,0 k €52,4 k €2,9 M €3,3 M €6,0 M €–
EBITDA-10,9 k €18,9 k €-1,5 M €148,0 k €1,2 M €3,1 M €
Operating result-10,9 k €18,9 k €-1,5 M €148,0 k €1,2 M €3,1 M €
Net result-325,3 k €18,9 k €-1,5 M €-902,9 k €-10,2 k €1,1 M €
Balance sheet
Equity55,4 M €55,7 M €37,9 M €17,4 M €3,5 M €3,5 M €
Total assets185,4 M €126,9 M €84,4 M €66,1 M €59,5 M €83,4 M €
Cash384,4 k €300,2 k €2,5 M €2,1 M €122,3 k €675,2 k €
Debts129,7 M €71,2 M €46,3 M €48,5 M €55,9 M €79,9 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

A³ MANAGEMENT

Director · since 05 juin 2023 · until 07 juin 2027 · 0812.686.091

Represented by Marnix Galle

Active
Aaron Bryson

Director · since 30 juin 2022 · until 24 juin 2026

Active
ADEL YAHIA CONSULT

Director · since 30 juin 2022 · until 24 juin 2026 · 0892.792.255

Represented by Adel Yahia

Active
Houdin Honarvar

Director · since 30 juin 2022 · until 24 juin 2026

Active

Ended mandates

Aaron Bryson

Director · since 30 juin 2022 · until 01 juin 2026

Ended
ADEL YAHIA CONSULT

Director · since 30 juin 2022 · until 01 juin 2026 · 0892.792.255

Represented by Adel YAHIA

Ended
Houdin Honarvar

Director · since 30 juin 2022 · until 01 juin 2026

Ended
Frédéric Van der Planken

Director · since 30 juillet 2021 · until 17 juin 2024

Ended
At this address

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ARISTEA● Active
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AS 24 - BELGIUM● Active
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BELGIAN EASY DATA DRIVEN ELECTRICAL CHARGING● Active
0768.603.650
BELLA VITA● Active
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BeLux Office Development Feeder● Active
0759.908.985
BEYAERT● Active
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BOITEUX RESIDENTIAL● Active
0837.797.314
bpost● Active
0214.596.464
bpostgroup● Active
1011.508.674
BROUCKERE TOWER INVEST● Active
0874.491.622
CAISSE AUTONOME TOTALENERGIES (Belgique)● Active
0409.077.803
CERCLE SPORTIF TotalEnergies (Belgique)● Active
0409.196.874
CERTIPOST● Active
0475.396.406
CITYZEN HOLDING● Active
0721.884.985
CITYZEN HOTEL● Active
0721.520.444
Cityzen Residence● Active
0721.520.642
COLONEL STONE● Active
0749.467.827
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202125/02/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months23 months
Filing date16/07/202626/06/202517/06/202423/08/202304/10/202206/08/2021
General meeting24/06/202603/06/202503/06/202405/06/202330/06/202230/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202616/07/2026DutchPDF
Abridged model31/12/202403/06/202526/06/2025DutchPDF
Abridged model31/12/202303/06/202417/06/2024DutchPDF
Abridged model31/12/202205/06/202323/08/2023DutchPDF
Abridged model31/12/202130/06/202204/10/2022FrenchPDF
Full model31/12/202030/07/202106/08/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025 · 4 active · 16 ended

Active mandates

A³ MANAGEMENT

Director · since 05 juin 2023 · until 07 juin 2027 · 0812.686.091

Represented by Marnix Galle

Active
Aaron Bryson

Director · since 30 juin 2022 · until 24 juin 2026

Active
ADEL YAHIA CONSULT

Director · since 30 juin 2022 · until 24 juin 2026 · 0892.792.255

Represented by Adel Yahia

Active
Houdin Honarvar

Director · since 30 juin 2022 · until 24 juin 2026

Active

Ended mandates

Aaron Bryson

Director · since 30 juin 2022 · until 01 juin 2026

Ended
ADEL YAHIA CONSULT

Director · since 30 juin 2022 · until 01 juin 2026 · 0892.792.255

Represented by Adel YAHIA

Ended
Houdin Honarvar

Director · since 30 juin 2022 · until 01 juin 2026

Ended
Frédéric Van der Planken

Director · since 30 juillet 2021 · until 17 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/09/2026
    Hernieuwing mandaat bestuurders - Ontslag en benoeming bestuurders -
    PDF
  • Mandates06/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares03/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares20/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates04/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-325,3 k €↓
  2. 2024
    Annual accounts 202418,9 k €↑
  3. 22/10/2024
    nominationFrédéric VAN DER PLANKEN — dagelijks mandataris
  4. 19/06/2024
    augmentation_capital
  5. 03/06/2024
    reconductionKPMG Bedrijfsrevisoren BV — commissaris
  6. 03/06/2024
    nominationRobin Huybrechts — vertegenwoordiger van de commissaris
  7. 28/05/2024
    augmentation_capital
  8. 2023
    Annual accounts 2023-1,5 M €↓
  9. 04/12/2023
    augmentation_capital
  10. 05/06/2023
    reconductionA Management BV — bestuurder
  11. 12/05/2023
    augmentation_capital
  12. 2022
    Annual accounts 2022-902,9 k €↓
  13. 30/06/2022
    reconductionAdel Yahia — bestuurder
  14. 30/06/2022
    reconductionHoudin Honavar — bestuurder
  15. 30/06/2022
    reconductionAaron Bryson — bestuurder
  16. 2021
    Annual accounts 2021-10,2 k €↓
  17. 2020
    Annual accounts 20201,1 M €
  18. 25/02/2019
    IncorporationPublic limited company