ACTIVE

Cityforward

Financial year 2025 · Closed on 31/12/2025

Net result-40,7 M €-43,1 %over 1 year

Gross margin-1 M €-340,0 %over 1 year

Equity322,1 M €+21,5 %over 1 year

Identity

Source · BCE/KBO

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· main 63990Other information service activities n.e.c.64200Activities of holding companies 64210Activities of holding companies 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

Solid equity

Financials

Source · NBB, 4 filings

Trend over 4 financial years

	2025		2024		2023		2022
Income statement
Gross margin	-1 M €	-340%	-230,8 k €	+92.3%	-3 M €	-247%	-866,3 k €
EBITDA	-1 M €	-338%	-231,9 k €	+92.3%	-3 M €	-247%	-866,9 k €
Operating result	-8,2 M €	-10.6%	-7,4 M €	-6.1%	-7 M €	-704%	-868 k €
Net result	-40,7 M €	-43.1%	-28,4 M €	-64.6%	-17,3 M €	-1851%	987 k €
Balance sheet
Equity	322,1 M €	+21.5%	265,1 M €	+183%	93,5 M €	-8.3%	102 M €
Total assets	746,7 M €	+17.2%	637 M €	+243%	185,8 M €	+61.5%	115,1 M €
Cash	208,9 k €	-20.2%	261,8 k €	+622%	36,2 k €	-95.9%	875,7 k €
Debts	424,5 M €	+14.2%	371,9 M €	+303%	92,3 M €	+606%	13,1 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Whitewood Operations0840.674.551Represented by Frederic Van der Planken	Directorsince 01/04/2022

Other companies at this address

Rue Royale 47 1000 Bruxelles

Company	CBE 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

Full financial information

Source · NBB

	2025	2024	2023	2022
Type of account	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/04/2022
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Length of the financial year	12 months	12 months	12 months	9 months
Filing date	30/06/2026	04/07/2025	19/06/2024	07/08/2023
General meeting	12/06/2026	20/06/2025	14/06/2024	09/06/2023
Currency of the financial year	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	07/08/2023	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Whitewood Operations0840.674.551Represented by Frederic Van der Planken	Directorsince 01/04/2022

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

Filings4 filings

Mandates

Whitewood Operations

20222023202420252026

Cityforward private privak naar Belgisch recht

Rue Royale 47, 1000 Brussels

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Royale 47, 1000 BrusselsCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00239306
Vlaamsekaai 35, 2000 Antwerp	accounts 2022	Accounts 2022 · 2023-00315888

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CityforwardCurrent		CBE
Cityforward private privak naar Belgisch recht	accounts 2022 → 2025	Accounts 2025 · 2026-00239306

Events

2025
Annual accounts 2025-40,7 M €↓
27/11/2025
nominationFORVIS MAZARS BEDRIJFSREVISOREN · commissaris
27/11/2025
augmentation_capital
20/03/2025
augmentation_capital
2024
Annual accounts 2024-28,4 M €↓
26/04/2024
augmentation_capital
26/04/2024
apport
26/04/2024
apport
26/04/2024
apport
26/04/2024
apport
26/04/2024
apport
2023
Annual accounts 2023-17,3 M €↓
18/12/2023
autre
2022
Annual accounts 2022987 k €
31/08/2022
nominationFrederic Van der Planken · vaste vertegenwoordiger
31/08/2022
nominationJan Henneau · plaatsvervangende vaste vertegenwoordiger
05/04/2022
IncorporationLimited partnership

Cityforward

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events