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Bicy

Open bankruptcy
Private limited companyfounded 2022Vliegveld 13, 8560 Wevelgem, BelgiumKBO/BCE: BE 0791.702.023

A bankruptcy procedure is open for Bicy according to publications in the Belgian State Gazette; curator: VERONIQUE GHYS.

Summary

The 2023 annual accounts show negative equity (-€184,162) and a net result of -€244,222.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Kortrijk division
Declared bankrupt
18 March 2025
Supervising judge
Marc Leterme
Official Gazette
26-03-2025 (pdf) ↗search the document for 2025/112520

Curator

  • Veronique GhysRegentiestraat 7, 8760 Tieltveronique.ghys@advocaten-ghys.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2023
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts 29 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Bicy was incorporated on 30 September 2022 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2023.2 On 18 March 2025 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023
  3. 3Belgian State Gazette, 26-03-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, micro schema

Equity
-€184,162
Total assets
€516,478
Net result
-€244,222
Working capital
€21,975

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €514,944
Fixed assets €84,958
Current assets €429,986
Key figures and ratios
2023 value
EBITDA
-€207,013
Cash flow
-€229,617
Solvency
-35.7%
Current ratio
1.05
Quick ratio
0.24
Debt to equity
-3.80
ROA
-47.3%
Interest coverage
-9.24
Debt
€700,640
Debt ≤ 1 year
€408,011
Debt > 1 year
€281,833
Income taxes
€214
Staff costs
€125,268
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 52 lines
Balance sheet Code2023
Assets
Total assets20/58€516,478
Formation expenses20€1,533
Fixed assets21/28€84,958
Intangible fixed assets21€65,385
Tangible fixed assets22/27€18,309
Plant, machinery and equipment23€18,309
Financial fixed assets28€1,264
Current assets29/58€429,986
Stocks and contracts in progress3€332,041
Stocks30/36€332,041
Amounts receivable within one year40/41€88,167
Trade receivables40€87,213
Other amounts receivable41€954
Cash at bank and in hand54/58€7,325
Deferred charges and accrued income490/1€2,454
Equity and liabilities
Total equity and liabilities10/49€516,478
Equity10/15-€184,162
Contributions10/11€60,060
Profit (loss) carried forward14-€244,222
Amounts payable17/49€700,640
Amounts payable after more than one year17€281,833
Financial debts170/4€153,833
Other amounts payable178/9€128,000
Amounts payable within one year42/48€408,011
Current portion of amounts payable after more than one year42€28,874
Financial debts43€157,000
Credit institutions430/8€125,000
Other loans439€32,000
Trade debts44€125,594
Suppliers440/4€125,594
Taxes, remuneration and social security45€74,246
Taxes450/3€26,204
Remuneration and social security454/9€48,042
Other amounts payable47/48€22,297
Accrued charges and deferred income492/3€10,796
Income statement Code2023
Non-recurring operating income76A€4,959
Remuneration, social security and pensions62€125,268
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,605
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€151
Other operating charges640/8€271
Non-recurring operating charges66A€13,220
Gross operating margin9900-€68,102
Operating profit (loss)9901-€221,619
Financial income75/76B€13
Recurring financial income75€13
Financial charges65/66B€22,402
Recurring financial charges65€22,402
Profit (loss) for the period before taxes9903-€244,008
Income taxes67/77€214
Profit (loss) for the period9904-€244,222
Profit (loss) for the period to be appropriated9905-€244,222
Appropriation of the result
Profit (loss) to be appropriated9906-€244,222

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Non-recurring operating income76A€4,959
Remuneration, social security and pensions62€125,268
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,605
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€151
Other operating charges640/8€271
Non-recurring operating charges66A€13,220
Gross operating margin9900-€68,102
Operating profit (loss)9901-€221,619
Financial income75/76B€13
Recurring financial income75€13
Financial charges65/66B€22,402
Recurring financial charges65€22,402
Profit (loss) for the period before taxes9903-€244,008
Income taxes67/77€214
Profit (loss) for the period9904-€244,222
Profit (loss) for the period to be appropriated9905-€244,222
Line2023
Assets
Total assets20/58€516,478
Formation expenses20€1,533
Fixed assets21/28€84,958
Intangible fixed assets21€65,385
Tangible fixed assets22/27€18,309
Plant, machinery and equipment23€18,309
Financial fixed assets28€1,264
Current assets29/58€429,986
Stocks and contracts in progress3€332,041
Stocks30/36€332,041
Amounts receivable within one year40/41€88,167
Trade receivables40€87,213
Other amounts receivable41€954
Cash at bank and in hand54/58€7,325
Deferred charges and accrued income490/1€2,454
Equity and liabilities
Total equity and liabilities10/49€516,478
Equity10/15-€184,162
Contributions10/11€60,060
Profit (loss) carried forward14-€244,222
Amounts payable17/49€700,640
Amounts payable after more than one year17€281,833
Financial debts170/4€153,833
Other amounts payable178/9€128,000
Amounts payable within one year42/48€408,011
Current portion of amounts payable after more than one year42€28,874
Financial debts43€157,000
Credit institutions430/8€125,000
Other loans439€32,000
Trade debts44€125,594
Suppliers440/4€125,594
Taxes, remuneration and social security45€74,246
Taxes450/3€26,204
Remuneration and social security454/9€48,042
Other amounts payable47/48€22,297
Accrued charges and deferred income492/3€10,796
Line2023
Profit (loss) for the period9904-€244,222
+ Depreciation and write-downs630€14,605
Operating cash flow (approximation)-€229,617

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-03
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 18-03-2025
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
SignalNBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Wevelgem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
3,288 m²
Building footprint
1,690 m²
Volume, LiDAR
7,852 m³
Parcel 34302B0863/00D000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
Bicy
Vliegveld 13, 8560 WevelgemNACE 45310
since 20222.336.879.260
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34302B0863/00D000 Flanders 3,288 m² 1 · 1,690 m² 5.9 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator VERONIQUE GHYS
REGENTIESTRAAT 7, 8760 TIELT-
18-03-2025 → present

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 207 companies in sector 46495 we hold annual accounts for 108. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded30-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46495Wholesale trade
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.