ACTIVE

CITYZEN HOLDING

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Financial year 2025 · Closed on 31/12/2025

Net result43,7 k €+202,7 %over 1 year
Equity93,4 M €+0,0 %over 1 year

Identity

Source · BCE/KBO

CITYZEN HOLDING is a Public limited company incorporated in 2019. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0721.884.985
Incorporation
05/03/2019
Legal form
Public limited company
Registered office
Boulevard Anspach 1
1000 Bruxelles · BruxellesSee on map
Contributed capital
93 500 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
EBITDA-5,7 k €-26,3 k €-12,4 k €-23 k €-1,7 k €
Operating result-5,7 k €-26,3 k €-12,4 k €-23 k €-1,7 k €
Net result43,7 k €-42,6 k €501,1 €-18,3 k €-3,9 k €
Balance sheet
Equity93,4 M €93,4 M €68 M €34 M €4,2 M €
Total assets101 M €100,6 M €72,6 M €35 M €20,7 M €
Cash121,6 k €220,9 k €35,4 k €3,4 M €185,3 k €
Debts7,5 M €7,2 M €4,7 M €1 M €16,6 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
A³ MANAGEMENT0812.686.091Represented by Marnix Galle
Director03/12/2019 → 07/06/2027
Aaron Bryson
Director28/02/2019 → 24/06/2026
ADEL YAHIA CONSULT0892.792.255Represented by YAHIA ADEL
Director28/02/2019 → 24/06/2026
Houdin Honarvar
Director30/06/2022 → 24/06/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Houdin Honovar
Director28/02/2019 → 2024 accounts

Other companies at this address

Boulevard Anspach 1 1000 Bruxelles
CompanyCBE no.
ACTISOC● Active
0814.787.726
ANCIEN DEWFIN● Liquidation
0424.890.682
Anciens Etablissements Deway, Servais et Cie● Liquidation
0414.384.691
ARISTEA● Active
0460.156.518
AS 24 - BELGIUM● Active
0437.971.826
BELGIAN EASY DATA DRIVEN ELECTRICAL CHARGING● Active
0768.603.650
BELLA VITA● Active
0890.019.738
BeLux Office Development Feeder● Active
0759.908.985
BEYAERT● Active
0837.807.014
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 HOTEL● Active
0721.520.444
CITYZEN OFFICE● Active
0721.520.840
Cityzen Residence● Active
0721.520.642
COLONEL STONE● Active
0749.467.827

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202105/03/2019
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 months22 months
Filing date16/07/202624/06/202520/06/202423/08/202308/11/202202/08/2021
General meeting24/06/202603/06/202519/06/202405/06/202330/06/202230/07/2021
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202616/07/2026DutchPDF
Full model31/12/202403/06/202524/06/2025DutchPDF
Full model31/12/202319/06/202420/06/2024DutchPDF
Full model31/12/202205/06/202323/08/2023DutchPDF
Full model31/12/202130/06/202208/11/2022DutchPDF
Full model31/12/202030/07/202102/08/2021FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
A³ MANAGEMENT0812.686.091Represented by Marnix Galle
Director03/12/2019 → 07/06/2027
Aaron Bryson
Director28/02/2019 → 24/06/2026
ADEL YAHIA CONSULT0892.792.255Represented by YAHIA ADEL
Director28/02/2019 → 24/06/2026
Houdin Honarvar
Director30/06/2022 → 24/06/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Houdin Honovar
Director28/02/2019 → 2024 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/09/2026
    Hernieuwing mandaat bestuurders - Ontslag en benoeming bestuurders -
    PDF
  • Mandates19/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares25/06/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares30/05/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares04/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates03/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares19/05/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates10/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings6 filings
Mandates
A³ MANAGEMENT
ADEL YAHIA CONSULT
Aaron Bryson
Houdin Honarvar
Houdin Honovar
201920202021202220232024202520262027
CITYZEN HOLDING
Boulevard Anspach 1, 1000 Brussels
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard Anspach 1, 1000 BrusselsCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00311957
Regentschapsstraat 58, 1000 Brussels
accounts 2021
Accounts 2021 · 2022-20520465

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
CITYZEN HOLDINGCurrent
accounts 2020 → 2025
Accounts 2025 · 2026-00311957

Events

  1. 2025
    Annual accounts 202543,7 k €↑
  2. 2024
    Annual accounts 2024-42,6 k €↓
  3. 19/06/2024
    reconductionKPMG Bedrijfsrevisoren BV · commissaris
  4. 19/06/2024
    nominationRobin Huybrechts · vertegenwoordiger van de commissaris
  5. 18/06/2024
    augmentation_capital
  6. 22/05/2024
    augmentation_capital
  7. 2023
    Annual accounts 2023501,1 €↑
  8. 23/11/2023
    augmentation_capital
  9. 05/06/2023
    reconductionA° Management BV · bestuurder
  10. 03/05/2023
    augmentation_capital
  11. 2022
    Annual accounts 2022-18,3 k €↓
  12. 30/06/2022
    reconductionAdel Yahia Consult BV · bestuurder
  13. 30/06/2022
    reconductionHoudin Honarvar · bestuurder
  14. 30/06/2022
    reconductionAaron Bryson · bestuurder
  15. 2021
    Annual accounts 2021-3,9 k €↑
  16. 30/07/2021
    nominationKPMG Réviseurs d'Entreprises/Bedrijfsrevisoren SRL/BV · Commissaris
  17. 2020
    Annual accounts 2020-38,8 k €
  18. 05/03/2019
    IncorporationPublic limited company