BICYCLIC GROUP
ActiveSummary
BICYCLIC GROUP has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.16M and a net result of €-576k. Equity is growing by ~46.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-43
Solvency71▼-7
Growth43▼-9
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.08 in 2023; short-term debt: 27.4% and cash: 0% of total assets), and 53.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
42 d early
2022
12 d early
2021
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Turnover
€814k▼ 3.0%
2023 · €839k
2023: €839k
2023 → 2024
EBIT margin
-49.5%▼ 53.7pp
2023 · 4.2%
2023: 4.2%
2023 → 2024
Net result
€-576k▼ 162%
2023 · €-220k
2021: €109k
2022: €-20k
2023: €-220k
2021 → 2024
Working capital
€-2.85M▼ 31.8%
2023 · €-2.16M
2021: €-344k
2022: €-259k
2023: €-2.16M
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€839k€814k▼ 3.0%
Equity€2.06M-€2.04M▼ 1.0%€7.74M▲ 280%€7.16M▼ 7.4%
Operating result€212k-€-18k€35k€-403k
Net result€109k-€-20k€-220k▼ 1,010%€-576k▼ 162%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €403k after €35k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.55M
Fixed assets
€14.14M ▼ 2.0%
Current assets
€1.40M ▲ 648%
Equity and liabilities €15.55M
Equity
€7.16M ▼ 7.4%
Debt
€8.39M ▲ 21.8%
Debt's share of the balance-sheet total rises from 47.1% to 53.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-113k▼
2023 · €325k
Cash flow
€-286k▼
2023 · €70k
Current ratio
0.33▲
2023 · 0.08
Debt to equity
1.17▲
2023 · 0.89
ROE
-8.0%▼
2023 · -2.8%
ROA
-3.7%▼
2023 · -1.5%
Interest coverage
-0.65▼
2023 · 1.29
Debt ≤ 1 year
€4.25M▲
2023 · €2.35M
Debt > 1 year
€4.12M▼
2023 · €4.44M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€14.62M€15.55M▲
Formation expenses20€0€0=
Fixed assets21/28€14.43M€14.14M▼
Intangible fixed assets21€2.32M€2.03M▼
Financial fixed assets28€12.11M€12.11M=
Affiliated companies280/1€12.11M€12.11M=
Participating interests280€12.11M€12.11M=
Current assets29/58€188k€1.40M▲
Amounts receivable after more than one year29-€500k
Other amounts receivable291-€500k
Amounts receivable within one year40/41€80k€902k▲
Trade receivables40-€815k
Other amounts receivable41€80k€87k▲
Cash at bank and in hand54/58€106k€0▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€14.62M€15.55M▲
Equity10/15€7.74M€7.16M▼
Contributions10/11€7.97M€7.97M=
Profit (loss) carried forward14€-236k€-813k▼
Amounts payable17/49€6.88M€8.39M▲
Amounts payable after more than one year17€4.44M€4.12M▼
Financial debts170/4€4.44M€4.12M▼
Subordinated loans170€1.25M€1.25M=
Credit institutions173€2.39M€1.57M▼
Other loans174€800k€1.30M▲
Amounts payable within one year42/48€2.35M€4.25M▲
Current portion of amounts payable after more than one year42€1.68M€1.83M▲
Financial debts43€500k€597k▲
Credit institutions430/8€500k€597k▲
Trade debts44€30k€94k▲
Suppliers440/4€30k€94k▲
Taxes, remuneration and social security45€40k-
Taxes450/3€40k-
Other amounts payable47/48€105k€1.73M▲
Accrued charges and deferred income492/3€92k€14k▼
Income statement
Code20232024
Operating income70/76A€843k€814k▼
Turnover70€839k€814k▼
Other operating income74€5k€82▼
Operating charges60/66A€808k€1.22M▲
Services and other goods61€518k€926k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€290k€290k=
Other operating charges640/8€430€37▼
Operating profit (loss)9901€35k€-403k▼
Financial income75/76B€349-
Recurring financial income75€349-
Other financial income752/9€349-
Financial charges65/66B€256k€174k▼
Recurring financial charges65€256k€174k▼
Debt charges650€252k€172k▼
Other financial charges652/9€3k€1k▼
Non-recurring financial charges66B€3-
Profit (loss) for the period before taxes9903€-220k€-576k▼
Profit (loss) for the period9904€-220k€-576k▼
Profit (loss) for the period to be appropriated9905€-220k€-576k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-236k€-813k▼
Profit (loss) brought forward from the previous period14P€-16k€-236k▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
Appointment: Remon & Co (statutory auditor)Permanent representative: Christophe Remon · Mandate compensation4 facts ▸
State Gazette act
Appointment: Remon & Co (statutory auditor)
Permanent representative: Christophe Remon · Mandate compensation4 facts ▸
- General meeting, 26/06/2026
- Auditor appointment, Remon & Co (statutory auditor)
- Permanent representative, Christophe Remon
- Mandate compensation, Remon & Co
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Weakest financial yearnet €-576k
Net result drops to €-576k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2023
31-12
Financial
Equity above €5MEq €7.74M ▲280%
Equity rises from €2.04M to €7.74M.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2020
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.
Rue des Pieds d'Alouette(NN) 395100 NamurGround area
3.5 ha
Building footprint
1.3 ha
Volume, LiDAR
111,297 m³
2 parcels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SRC GESTION
since 20202.310.454.480
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0011/00M003 | Wallonia | 3.1 ha | 1 · 1.3 ha | 13.2 m · 3 fl. |
| 51522B0010/00X006 | Wallonia | 3,970 m² | 1 · 186 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| REMON & COCurrent Statutory auditor · represented by Christophe Remon | 28-07-2026 → present |
Similar companies · same sector, comparable size
Tholeau
BE 0649.590.687
Brussel · Eq €7,163,568
Portemilo
BE 0652.608.674
Deinze · Eq €7,167,244
LBG Invest & Consulting
BE 0464.092.837
Laakdal · Eq €7,156,389
KAPMAN GROUP
BE 0881.475.820
Vilvoorde · Eq €7,141,772
M & P & Co
BE 0456.755.776
Torhout · Eq €7,136,893
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 8,728 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:herve.reginster@comptaservices.be
Phone:0479910346