Equity
-€835,489
Debts exceed assets in financial year 2025.
COOL ELECTRO CYCLES
Lifetime
10 annual accounts with figures on one time axispeak €2.2m (2023)
-not published
lowest -€2.1m (2025)
-€2.1m▼ €1.8m
peak €1.3m (2024)
-€835,489▼ €2.1m
€7.2m▼ 4.4%
peak 39.7 FTE (2024)
32.4 FTE▼ 18.4%
Board11 names since 2019
6 directorsCENTURIONE and 5 others
Documentsfilings and deeds
17-08-202617 days late
2025financial year
Turnover from €15.6m to €13.1mLoss of €2.1mStaff from 39.7 FTE to 32.4 FTEAppointment: BV AUDITAS BEDRIJFSREVISOREN (statutory auditor) 04-08Equity from €1.3m to -€835,489Cash from €631,352 to €288,034
Key points
from the 2025 annual accountsLosses
-€2.5m in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€7.2m 113% of the balance sheet
Financial debts 64%Suppliers 20%Taxes and wages 6%Other 10%
€3.4m of the debts are secured on the company's own assets. In 2024 that was €89,950.
Staff
34 employees on 31-12-2025
In 2025, 403 short contracts started and 404 ended, on average 141 hours worked per contract. Staff averaged 32 full-time equivalents.
Board
3 joined · 2 left
Board changed. Latest change 12-12-2025 · 6 in office.
Position in the sector
-€2.1m
Lower net result than 95% of companies in retail trade. Sector median €39,909 · 5,066 companies.
2025 accounts filed 17 days after the deadline
Checked score
45
Fair
Financially stronger than 7% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,699 companies (NACE 47, small).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.3 percentage points vs 03-2025
05-2025: 2.5%▲ +0.5 percentage points vs 04-2025
06-2025: 2.6%▲ +0.1 percentage points vs 05-2025
07-2025: 2.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▼ -1.4 percentage points vs 07-2025
09-2025: 1.2%▼ -0.2 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026lowest value
03-2026: 1.2%● unchanged vs 02-2026lowest value
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%▲ +0.2 percentage points vs 04-2026
06-2026: 1.6%▲ +0.1 percentage points vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.9 percentage points vs 07-2026
09-2026: 5.4%▲ +2.8 percentage points vs 08-2026highest value
10-2026: 4.4%▼ -1.0 percentage point vs 09-2026
11-2026: 4.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€835,489
Loss of €2.1m, the second in a row (financial year 2025)
Liquidity: current ratio 0.96, cash €288,034, halved
12 establishment units
Calculation
The band follows from the bankruptcy probability. 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). It does better than 6% of them on solvency, 13% on liquidity, 2% on profitability and 6% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 598 companies had the same profile as COOL ELECTRO CYCLES has now. Each dot stands for 2 companies, two years later.
83.3%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COOL ELECTRO CYCLES itself: 4.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 598 companies, not a prediction for COOL ELECTRO CYCLES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.96 (1.32 in 2024), below 1. Short-term debt is 75.5% and cash 4.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€835,489
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 days late
2024
9 days early
2023
12 days early
2022
11 days early
2021
52 days early
2020
128 days early
2019
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Algemene Vergadering - Boekjaar
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0600900548
3 directors appointed, 4 resignations
Resignations: CENTURIONE BV (managing director), KAIROS MANAGEMENT BV, NC1302 BV (managing director) and Kerline BV (managing director) · Appointments: Kris Voet, Valérie Le Duc and Cédric de Kerchove · Director discharge: CENTURIONE BV · General meeting of 12-12-2025 · Gazette deed
Appointment: BV AUDITAS BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Sven VANSTEELANT · General meeting of 13-11-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COOL ELECTRO CYCLES Roeselare | €13.1m | -14.4% | -13.1% | 32.4 |
| VELODÔME Antwerp | €14.0m | 1.0% | 11.6% | 33.1 |
| Bcc Centrale Namur | €17.8m | -9.5% | -0.1% | 17.8 |
| COWBOY Brussels | €21.7m | -98.0% | -244.6% | 57 |
| Fietsen De Geus Mortsel | - | - | 26.7% | 47.9 |
| ATELIER ZAAF Leuven | - | - | -50.7% | 21.9 |
| WV2 Ghent | €3.9m | 5.5% | 55.0% | 37.8 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as COOL ELECTRO CYCLES: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €1.6m and €18m, founded between 2005 and 2021.
Official details
Source: KBO- Status
- Active since 11-03-2015Normal situation
- Activity
- Retail sale of bicyclesNACE 47632and 5 others
- Establishment units
- 2.186.725.5378800 Roeselare, since 13-04-2010
- 2.245.244.1528370 Blankenberge, since 11-03-2015and 10 others
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €6.4m▼ 27.6%
- Employeeson 31-12-2025
- 34▼ 2.9%
- Filing
- Filed on 17-08-2026
Insights on COOL ELECTRO CYCLES
COOL ELECTRO CYCLES has existed since 2015. The present size dates from 2020. The gross margin rose that year from €309,102 to €759,521 and staff from 4.3 to 9.3 full-time equivalents. On 14 July 2020 a site was added.
Solvency fell in 2025 from 14.4% to -13.1% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COOL ELECTRO CYCLES
- What is the company number of COOL ELECTRO CYCLES?
- The company number of COOL ELECTRO CYCLES is 0600.900.548. The VAT number is the same number with BE in front: BE 0600.900.548.
- Where is COOL ELECTRO CYCLES based?
- The registered office is at Hoogleedsesteenweg 155, 8800 Roeselare.Company details
- What does COOL ELECTRO CYCLES do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of COOL ELECTRO CYCLES?
- COOL ELECTRO CYCLES is a private limited company (BV).
- When was COOL ELECTRO CYCLES founded?
- COOL ELECTRO CYCLES was founded on 11-03-2015.
- Is COOL ELECTRO CYCLES still active?
- Yes, COOL ELECTRO CYCLES is an active enterprise in the KBO register.
- How many employees does COOL ELECTRO CYCLES have?
- COOL ELECTRO CYCLES had an average of 32.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of COOL ELECTRO CYCLES?
- The turnover of COOL ELECTRO CYCLES was €13.1m in financial year 2025, according to the filed annual accounts.
- Is COOL ELECTRO CYCLES profitable?
- In financial year 2025, COOL ELECTRO CYCLES made a loss of €2.1m.
- Where can I find the annual accounts of COOL ELECTRO CYCLES?
- COOL ELECTRO CYCLES filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COOL ELECTRO CYCLES due?
- COOL ELECTRO CYCLES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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