CICLO MORELLO
ActiveCICLO MORELLO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €-8k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 42% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-17
Solvency50▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.45 against 1.52 in 2024; short-term debt: 68.2% and cash: 5.5% of total assets), and 74.7% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.3%
Return on assets
-6.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 10 filingsDeviation from the deadline
2025
40 d late
2024
291 d late
2023
30 d late
2022
30 d late
2021
25 d late
2020
30 d late
2019
70 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 19.9%
2024 · €41k
2018: €29k
2019: €34k
2020: €40k
2021: €36k
2022: €41k
2023: €41k
2024: €41k
2018 → 2025
Total assets
€131k▼ 11.2%
2024 · €147k
2018: €80k
2019: €107k
2020: €110k
2021: €120k
2022: €135k
2023: €144k
2024: €147k
2018 → 2025
Net result
€-8k
2024 · €521
2018: €3k
2019: €4k
2020: €6k
2021: €-4k
2022: €5k
2023: €247
2024: €521
2018 → 2025
Working capital
€40k▼ 20.0%
2024 · €50k
2018: €22k
2019: €28k
2020: €34k
2021: €31k
2022: €37k
2023: €50k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€41k▲ 13.4%€41k▲ 0.6%€41k▲ 1.3%€33k▼ 19.9%
Operating result€-533-€12k€8k▼ 31.7%€7k▼ 18.6%€-3k
Net result€-4k-€5k€247▼ 94.8%€521▲ 111%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €7k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131k
Fixed assets
€2k▼ 28.8%
Current assets
€129k▼ 10.9%
Equity and liabilities €131k
Equity
€33k▼ 19.9%
Debt
€98k▼ 7.9%
The debt ratio rises from 71.9% to 74.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €7k
Cash flow
€-7k▼
2024 · €1k
Solvency
25.3%▼
2024 · 28.1%
Current ratio
1.45▼
2024 · 1.52
Quick ratio
0.20▼
2024 · 0.24
Debt / equity
2.95▲
2024 · 2.56
ROE
-24.8%▼
2024 · 1.3%
ROA
-6.3%▼
2024 · 0.4%
Interest coverage
-0.34▼
2024 · 1.05
Debt
€98k▼
2024 · €106k
Debt ≤ 1 year
€89k▼
2024 · €95k
Debt > 1 year
€6k▼
2024 · €9k
Income taxes
€0▼
2024 · €162
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€147k€131k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€360€360=
Current assets29/58€145k€129k▼
Stocks and contracts in progress3€122k€111k▼
Stocks30/36€122k€111k▼
Amounts receivable within one year40/41€15k€11k▼
Trade receivables40€5k€407▼
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€7k€7k▼
Deferred charges and accrued income490/1€351€0▼
Equity and liabilities
Total equity and liabilities10/49€147k€131k▼
Equity10/15€41k€33k▼
Contributions10/11€19k€19k=
Reserves13€23k€15k▼
Distributable reserves133€23k€15k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€106k€98k▼
Amounts payable after more than one year17€9k€6k▼
Financial debts170/4€9k€6k▼
Amounts payable within one year42/48€95k€89k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Financial debts43€54k€54k▼
Credit institutions430/8€54k€54k▼
Trade debts44€25k€23k▼
Suppliers440/4€25k€23k▼
Taxes, remuneration and social security45€13k€9k▼
Taxes450/3€11k€9k▼
Remuneration and social security454/9€2k€0▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€16k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€762€762=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€625€2k▲
Non-recurring operating charges66A€10k€0▼
Gross operating margin9900€18k€9k▼
Operating profit (loss)9901€7k€-3k▼
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€683€-8k▼
Income taxes67/77€162€0▼
Profit (loss) for the period9904€521€-8k▼
Profit (loss) for the period to be appropriated9905€521€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-8k▼
Profit (loss) brought forward from the previous period14P€20k€0▼
Transfer from equity791/2-€8k
Transfer to equity691/2€21k€0▼
To other reserves6921€21k€0▼
The notes to these accounts (10 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
18-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 291 days late
2025
31-12
Financial
Weakest financial yearnet €-8k ▼1674%
Net result drops to €-8k, the lowest in the series.
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €6k ▲30.4%
Net result €6k, the highest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hoogstraten · 1 establishment unit since 2000
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.
Vrijheid 352320 HoogstratenGround area
565 m²
Building footprint
242 m²
Volume, LiDAR
1,215 m³
Parcel 13014E0593/00L000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CICLO MORELLO
since 20002.100.889.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014E0593/00L000 | Flanders | 565 m² | 1 · 242 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BIKEPACKING BELGIUM
BE 0675.863.633
Antwerpen · Eq €33k
AU GUIDON VERT
BE 0675.450.887
Etterbeek · Eq €33k
Koersfix
BE 1007.072.806
Leuven · Eq €32k
GHM
BE 0458.718.344
Rendeux · Eq €34k
The wheel stuff
BE 0744.938.521
Hulshout · Eq €34k
Of 1,467 companies in sector 47632 we hold annual accounts for 732. 477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2000
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
52492
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.