Financials
- Financial year
- 2026
- Turnover
- €56.4m
- Loss
- -€1.5m
- Solvency
- -2.6%
Turnover▲ 9.1%
Net result
20182026
Bike Republic
ActiveThe file of Bike Republic contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 4.0% (moderate). The 2026 annual accounts show negative equity (-€969,083) and a net result of -€1.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 329 sector peers (NACE 47, financial year 2026).
Overview
Activity
Retail sale of bicycles
NACE 47632
46 sites
Size
€56.4mturnover 2026
- Staff
- 37.3 FTE
- Equity
- -€969,083
- Loss
- -€1.5m
Structure
- Parent
- Darzana · 100%
- Board
- 5 members
- Holdings
- 4
Auditor: Ernst & Young Bedrijfsrevisoren2026 accounts 30 days early
Why 47raises riskJudicial reorganisation on record (2 publications, latest 16-11-2018)Negative equity -€969,083Liquidity: current ratio 0.60, cash €1.9mlowers riskSize: turnover €56.4m, 37.3 FTE, total assets €37.8mShow the evidence
Checked score
Score 2026
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 47, small)
Financial strength · tick = 2025
Weak
Solvency
22-4
equity -2.6% of total assets
Liquidity
6-24
short-term debt 98.4% · cash 5.0%
Profitability
13+13
return on assets -3.9%
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.7%
12-2024: 2.7%● unchanged vs 11-2024
01-2025: 2.7%● unchanged vs 12-2024
02-2025: 2.7%● unchanged vs 01-2025
03-2025: 2.7%● unchanged vs 02-2025
04-2025: 2.7%● unchanged vs 03-2025
05-2025: 2.6%▼ -0.1 percentage points vs 04-2025
06-2025: 2.5%▼ -0.1 percentage points vs 05-2025
07-2025: 2.5%● unchanged vs 06-2025
08-2025: 2.5%● unchanged vs 07-2025lowest value
09-2025: 2.6%▲ +0.1 percentage points vs 08-2025
10-2025: 11.5%▲ +8.9 percentage points vs 09-2025
11-2025: 11.7%▲ +0.2 percentage points vs 10-2025
12-2025: 11.7%● unchanged vs 11-2025
01-2026: 11.7%● unchanged vs 12-2025
02-2026: 11.7%● unchanged vs 01-2026
03-2026: 11.7%● unchanged vs 02-2026
04-2026: 11.7%● unchanged vs 03-2026
05-2026: 11.8%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 11.4%▼ -0.4 percentage points vs 05-2026
07-2026: 11.4%● unchanged vs 06-2026
08-2026: 11.2%▼ -0.2 percentage points vs 07-2026
09-2026: 11.5%▲ +0.3 percentage points vs 08-2026
10-2026: 4.0%▼ -7.5 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.6, compared with 1.31 in 2025, below 1; short-term debt: 98.4% and cash: 5% of total assets), and equity is negative.
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 47, small): better than 9% on solvency, 5% on liquidity, 9% on profitability and 40% on growth.
The bankruptcy probability was computed on 25-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
181920212223242526
2018 to 2026 · latest year -€969,083
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-10-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
30 days early
2025
265 days late
2024
48 days early
2023
36 days early
2022
40 days early
2021
38 days early
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · full…
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · Amendment of…Capital increase · Capital contribution…
Key points
- Risk: Negative equityfinancial year 2026: debts exceed assets -€969,083 View
- Risk: 5 loss-making years in a rowloss financial year 2026 -€1.5m View
- Caution: Among the weakest 5% on net resultsector median €72,524 · 326 companies -€1.5m View
- Positive: Result rose in 2026from -€5.3m to -€1.5m ▲ 72.0% View
- Controlled by Darzanaultimately: KORYS 100% View
By topic
Board & ownership
- Board
- 5 members
- Parent
- Darzana · 100%
- Auditor
- Ernst & Young Bedrijfsrevisoren
- Kris CasteleinDirector
- Stefaan VandammeDirector
- Jo WILLEMYNSDirector
- Stefan GoethaertDirector
- VANBELLINGEN PeterDirector
Network & group
- Group
- KORYS
- Subsidiaries
- 4
- Connected companies
- 98
- Mergers and asset contributions
- 2
4 subsidiaries
Timeline
- Events
- 57
- Since
- 2010
- Next accounts
- by 31-10-2027
- 07-04-2026Capital & shares · Amendment of the…
- 31-03-2026Appointments: Peter VANBELLINGEN, Kris CASTELEIN and Stefaan…
- 12-11-2024Capital & shares · Amendment of the…
Company details
- Sites
- 46
- Legal form
- Public limited company
- Activity
- Retail sale of bicyclesNACE 47632
- Founded
- 09-03-2010
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 20
- Who signs
- Two directors jointly
- Annual meeting
- First Wednesday of September at 09:00
- Purpose
- “La fabrication d'articles de sport, de gants de sport et de couvre-chefs de sport en cuir…” (deed in French)
Key facts about Bike Republic
- What is the company number of Bike Republic?
- 0823.778.933. In Belgium the VAT number is the company number with BE in front: BE 0823.778.933.
- Where is Bike Republic based?
- The registered office is at Tramstraat 63, 9052 Gent.Company details
- What does Bike Republic do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of Bike Republic?
- Public limited company (NV).
- When was Bike Republic founded?
- On 09-03-2010.
- Is Bike Republic still active?
- Yes, Bike Republic is an active enterprise in the KBO register.
- How many employees does Bike Republic have?
- On average 37.3 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of Bike Republic?
- €56.4m in financial year 2026, according to the filed annual accounts.
- Is Bike Republic profitable?
- In financial year 2026, Bike Republic made a loss of €1.5m.
- Where can I find the annual accounts of Bike Republic?
- Bike Republic filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Bike Republic due?
- By 31-10-2027, for financial year 2027.Timeline
Companies related to Bike Republic
Parent and group
- Darzana100%
- Colruyt Group100%
- KORYS66.52%
Subsidiaries and holdings
- CYCLES IMP100%
- WV1100%
- WV2100%
- WV3100%
Comparable companies
- COOL ELECTRO CYCLESRoeselare
- Stella BikesBeerse
- VELODÔMEAntwerpen
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