ACTIVE

Cityforward

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Financial year 2025 · closed on 31/12/2025
Net result
-40,7 M €
-43.1% YoY
Gross margin
-1 M €
-340.0% YoY
Equity
322,1 M €
+21.5% YoY

What does Cityforward do?

Cityforward is a Limited partnership incorporated in 2022. Its main activity is: Other information service activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0784.472.652
Incorporation
05/04/2022
Legal form
Limited partnership
Registered office
Rue Royale 47
1000 Bruxelles · BruxellesSee on map
Contributed capital
398 781 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
63920Other information service activities· main63990Other information service activities n.e.c.64200Activities of holding companies64210Activities of holding companies82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
Solid equity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-1 M €-230,8 k €-3 M €-866,3 k €
EBITDA-1 M €-231,9 k €-3 M €-866,9 k €
Operating result-8,2 M €-7,4 M €-7 M €-868 k €
Net result-40,7 M €-28,4 M €-17,3 M €987 k €
Balance sheet
Equity322,1 M €265,1 M €93,5 M €102 M €
Total assets746,7 M €637 M €185,8 M €115,1 M €
Cash208,9 k €261,8 k €36,2 k €875,7 k €
Debts424,5 M €371,9 M €92,3 M €13,1 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Whitewood Operations

Director · since 01 avril 2022 · 0840.674.551

Represented by Frederic Van der Planken

Active

Ended mandates

Whitewood Operations

Director · since 01 avril 2022 · 0840.674.551

Represented by Frederic Van der Planken

Ended
At this address

Other companies at this address

CompanyCBE no.
Banque Jules Joire et Cie● Liquidation
0403.226.822
Cityforward Belliard 232● Active
1003.706.906
Cityforward Belliard 68● Active
1003.714.032
Cityforward Borchette● Active
1003.687.011
Cityforward Demot 24● Active
1003.707.401
Cityforward Demot 28● Active
1003.687.209
Cityforward Froissart 101● Active
1003.707.597
Cityforward Joseph 54● Active
1003.707.005
Cityforward Joseph 70● Active
1003.707.104
Cityforward Joseph 79● Active
1003.747.783
Cityforward Joseph 99● Active
1003.746.102
Cityforward Loi 102● Active
1003.746.694
Cityforward Loi 130● Active
1003.773.123
Cityforward Loi 86● Active
1003.746.003
Cityforward Luxembourg 46● Active
1003.766.391
Cityforward Madou● Active
1003.707.203
Cityforward Montoyer 59● Active
1003.766.490
Cityforward Palmerston● Active
1003.778.467
Cityforward Schuman HoldCo● Active
1002.910.714
Cityforward Spa 3● Active
1003.766.292
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months9 months
Filing date30/06/202604/07/202519/06/202407/08/2023
General meeting12/06/202620/06/202514/06/202409/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202630/06/2026DutchPDF
Abridged model31/12/202420/06/202504/07/2025DutchPDF
Abridged model31/12/202314/06/202419/06/2024DutchPDF
Abridged model31/12/202209/06/202307/08/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 1 active · 1 ended

Active mandates

Whitewood Operations

Director · since 01 avril 2022 · 0840.674.551

Represented by Frederic Van der Planken

Active

Ended mandates

Whitewood Operations

Director · since 01 avril 2022 · 0840.674.551

Represented by Frederic Van der Planken

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/12/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/05/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/05/2024
    KAPITAAL - AANDELEN
    PDF
  • Restructuring03/04/2024
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring20/03/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/09/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office12/09/2023
    MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring11/09/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    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 2025-40,7 M €↓
  2. 27/11/2025
    nominationFORVIS MAZARS BEDRIJFSREVISOREN — commissaris
  3. 27/11/2025
    augmentation_capital
  4. 20/03/2025
    augmentation_capital
  5. 2024
    Annual accounts 2024-28,4 M €↓
  6. 26/04/2024
    augmentation_capital
  7. 26/04/2024
    apport
  8. 26/04/2024
    apport
  9. 26/04/2024
    apport
  10. 26/04/2024
    apport
  11. 26/04/2024
    apport
  12. 2023
    Annual accounts 2023-17,3 M €↓
  13. 18/12/2023
    autre
  14. 2022
    Annual accounts 2022987 k €
  15. 31/08/2022
    nominationFrederic Van der Planken — vaste vertegenwoordiger
  16. 31/08/2022
    nominationJan Henneau — plaatsvervangende vaste vertegenwoordiger
  17. 05/04/2022
    IncorporationLimited partnership