BFZcycles
ActiveBFZcycles has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €57k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+22
Solvency73▼-10
Growth80▲+18
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.89 in 2024), but 63% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37%
Return on assets
5.2%
Age of the figures
8 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
61 d late
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.41M▲ 19.6%
2024 · €2.02M
2018: €900k
2019: €1.28M
2020: €1.81M
2021: €1.57M
2022: €1.78M
2023: €2.04M
2024: €2.02M
2018 → 2025
EBIT margin
3.5%▲ 2.4pp
2024 · 1.1%
2018: 4.1%
2019: 4.1%
2020: 0.2%
2021: 6.6%
2022: 9.4%
2023: 1.3%
2024: 1.1%
2018 → 2025
Net result
€57k▲ 296%
2024 · €14k
2018: €23k
2019: €38k
2020: €-6k
2021: €80k
2022: €120k
2023: €16k
2024: €14k
2018 → 2025
Working capital
€335k▲ 27.6%
2024 · €263k
2018: €65k
2019: €87k
2020: €23k
2021: €104k
2022: €226k
2023: €241k
2024: €263k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.57M-€1.78M▲ 12.9%€2.04M▲ 14.9%€2.02M▼ 1.1%€2.41M▲ 19.6%
Equity€196k-€316k▲ 61.4%€332k▲ 5.0%€346k▲ 4.3%€403k▲ 16.4%
Operating result€103k-€166k▲ 61.3%€27k▼ 83.5%€22k▼ 19.5%€84k▲ 280%
Net result€80k-€120k▲ 49.5%€16k▼ 86.9%€14k▼ 8.4%€57k▲ 296%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 280% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€273k▼ 2.7%
Current assets
€816k▲ 46.2%
Equity and liabilities €1.09M
Equity
€403k▲ 16.4%
Debt
€686k▲ 39.3%
The debt ratio rises from 58.7% to 63.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€108k▲
2024 · €55k
Cash flow
€82k▲
2024 · €47k
Solvency
37.0%▼
2024 · 41.3%
Current ratio
1.70▼
2024 · 1.89
Quick ratio
0.60▲
2024 · 0.20
Debt / equity
1.70▲
2024 · 1.42
ROE
14.1%▲
2024 · 4.2%
ROA
5.2%▲
2024 · 1.7%
Interest coverage
10.14▲
2024 · 7.98
Debt
€686k▲
2024 · €493k
Debt ≤ 1 year
€481k▲
2024 · €295k
Debt > 1 year
€205k▲
2024 · €196k
Income taxes
€22k▲
2024 · €5k
Staff costs
€138k▲
2024 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€839k€1.09M▲
Fixed assets21/28€281k€273k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€279k€270k▼
Land and buildings22€260k€241k▼
Plant, machinery and equipment23€19k€28k▲
Furniture and vehicles24€0€1k▲
Leasing and similar rights25€0€0=
Financial fixed assets28€2k€3k▲
Current assets29/58€558k€816k▲
Stocks and contracts in progress3€498k€529k▲
Stocks30/36€498k€529k▲
Amounts receivable within one year40/41€0€61k▲
Trade receivables40€0€0=
Other amounts receivable41-€61k
Cash at bank and in hand54/58€60k€226k▲
Equity and liabilities
Total equity and liabilities10/49€839k€1.09M▲
Equity10/15€346k€403k▲
Contributions10/11€8k€8k=
Reserves13-€57k
Distributable reserves133-€57k
Profit (loss) carried forward14€338k€338k=
Amounts payable17/49€493k€686k▲
Amounts payable after more than one year17€196k€205k▲
Financial debts170/4€196k€205k▲
Amounts payable within one year42/48€295k€481k▲
Current portion of amounts payable after more than one year42€24k€46k▲
Trade debts44€204k€316k▲
Suppliers440/4€204k€316k▲
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€61k€110k▲
Taxes450/3€51k€81k▲
Remuneration and social security454/9€9k€29k▲
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€977-
Income statement
Code20242025
Turnover70€2.02M€2.41M▲
Goods, raw materials, services and sundry goods60/61€1.86M€2.20M▲
Remuneration, social security and pensions62€104k€138k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€25k▼
Other operating charges640/8€2k€8k▲
Gross operating margin9900€160k€255k▲
Operating profit (loss)9901€22k€84k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€19k€79k▲
Income taxes67/77€5k€22k▲
Profit (loss) for the period9904€14k€57k▲
Profit (loss) for the period to be appropriated9905€14k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€338k€395k▲
Profit (loss) brought forward from the previous period14P€324k€338k▲
Transfer to equity691/2-€57k
To other reserves6921-€57k
Social balance
Average headcount (FTE)90873.13.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €120k ▲49.5%
Operating result €166k, net result €120k, both a record.
31-12
Financial
Equity above €200kEq €316k ▲61.4%
2 profitable years in a row build equity to €316k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
31-12
Financial
Equity above €150kEq €196k ▲69.7%
Equity rises from €115k to €196k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-6k ▼116%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €122k ▲46%
2 profitable years in a row build equity to €122k.
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 104 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 192 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eghezée · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Ramillies 55310 EghezéeGround area
801 m²
Building footprint
148 m²
Parcel 92015A0307/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BFZcycles
since 20172.261.325.564
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92015A0307/00G000indicative | Wallonia | 801 m² | 1 · 148 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEghezée2.261.325.564
Similar companies · same sector, comparable size
FIETSEN GUNTHERS
BE 0791.276.312
Waregem · Eq €404k
Vandamme Cycling
BE 0713.799.244
Comines-Warneton · Eq €402k
Fietsen Stefan
BE 0750.629.253
Oosterzele · Eq €401k
RIJWIELEN MOEYAERT
BE 0479.854.644
Oostkamp · Eq €401k
Black and Bike Wavre
BE 0462.036.833
Grez-Doiceau · Eq €405k
Of 1,451 companies in sector 47632 we hold annual accounts for 721. 585 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.bfzcycles.be
E-mail:bfzcycles@internet.be