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AG Cycling

Active
Private limited companyfounded 2022active for 4 yearsKouterstraat 14, 8560 Wevelgem, BelgiumKBO/BCE: BE 0786.566.268
Summary

AG Cycling has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€269,045. Equity is growing by about 157% per year across the filed financial years. Its solvency ranks better than 88% of 1,110 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
AG CyclingActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Sports, amusement and recreation activities
NACE 93124Other sports activities NACE 93199
1 site
Size
€1.7mtotal assets 2025
Staff
5.3 FTE
Equity
€1.3m
Loss
-€269,045
Turnover not published (abbreviated format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
AG Beyond · 76%
Auditor: PVMD Bedrijfsrevisoren BV2025 accounts 8 days early5 of 6 deeds summarised
Why 94raises riskLoss of €269,045, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 4.51, cash €1.3mSector: Sports, amusement and recreation activities (NACE 93)Equity €1.3m (78.2% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 71% of its sector peers (NACE 93, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+44
equity 78.2% of total assets
Liquidity 94+3
short-term debt 20.1% · cash 77.0%
Profitability 0=
return on assets -16.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,255 companies, NACE 93, micro)
Last 24 months 11-2024: 2.8%highest value 12-2024: 2.8%● unchanged vs 11-2024highest value 01-2025: 2.8%● unchanged vs 12-2024 02-2025: 2.8%● unchanged vs 01-2025 03-2025: 2.7%▼ -0.1 percentage points vs 02-2025 04-2025: 2.7%● unchanged vs 03-2025 05-2025: 2.6%▼ -0.1 percentage points vs 04-2025 06-2025: 2.6%● unchanged vs 05-2025 07-2025: 2.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▼ -2.0 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.6%▼ -0.1 percentage points vs 12-2025 02-2026: 0.5%▼ -0.1 percentage points vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.3%▼ -0.2 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.51, compared with 3.66 in 2024, above the usual 1.5; short-term debt: 20.1% and cash: 77% of total assets), and 21.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro): better than 92% on solvency, 91% on liquidity, 7% on profitability and 93% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €269,045, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.51, cash €1.3m
NBB · annual accounts
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
lowers risk · Equity €1.3m (78.2% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
8 days early
2024
3 days early
2023
8 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 1 day before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Equity above €1mequity €1.3m ▲131%
  3. MiscellaneousCapital contribution · Bank account…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€269,045 View
  • Positive: Equity rose in 2025from €559,051 to €1.3m ▲ 131% View
  • Caution: Among the weakest 5% on net resultsector median €11,201 · 1,110 companies -€269,045 View
  • Controlled by AG Beyondknown shareholders 100% 76% View

By topic

Financials

Financial year
2025
Total assets
€1.7m
Loss
-€269,045
Solvency
78.2%
Total assets▼ 8.6%
Net result
20232025
Go to Financials

Board & ownership

Board
3 members
Parent
AG Beyond · 76%
Known shareholders
100%
Auditor
PVMD Bedrijfsrevisoren BV
  • Jan HeyvaertDirector
  • Rob MaesDirector
  • Jürgen ForéDirector
Go to Board & ownership

Timeline

Events
12
Since
2024
Next accounts
by 31-07-2027
  1. 28-07-2025Annual accounts filed
  2. 21-05-2025Appointments: PVMD Bedrijfsrevisoren BV (statutory auditor) and…
  3. 02-01-2025Miscellaneous
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Sports, amusement and recreation activitiesNACE 93124
Founded
25-05-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about AG Cycling

What is the company number of AG Cycling?
0786.566.268. In Belgium the VAT number is the company number with BE in front: BE 0786.566.268.
Where is AG Cycling based?
The registered office is at Kouterstraat 14, 8560 Wevelgem.Company details
What does AG Cycling do?
According to the KBO register, the main activity is sports, amusement and recreation activities (NACE 93124).
What is the legal form of AG Cycling?
Private limited company (BV).
When was AG Cycling founded?
On 25-05-2022.
Is AG Cycling still active?
Yes, AG Cycling is an active enterprise in the KBO register.
How many employees does AG Cycling have?
On average 5.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of AG Cycling?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is AG Cycling profitable?
In financial year 2025, AG Cycling made a loss of €269,045.
Where can I find the annual accounts of AG Cycling?
AG Cycling filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of AG Cycling due?
By 31-07-2027, for financial year 2026.Timeline

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