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COOL ELECTRO CYCLES

Active
Private limited companyfounded 201511 yrs activeHoogleedsesteenweg 155, 8800 Roeselare, BelgiumKBO/BCE: BE 0600.900.548
Summary

The computed 12-month bankruptcy probability of COOL ELECTRO CYCLES is 4.4% (elevated). The 2025 annual accounts show negative equity (-€835,489) and a net result of -€2.1m. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 4652 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
COOL ELECTRO CYCLESActiveChecked score 45/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of bicycles
NACE 47632NACE 47785
12 sites
Size
€13.1mturnover 2025
Staff
32.4 FTE
Equity
-€835,489
Loss
-€2.1m
Financial health
45 Fair Checked score 2025
Bankruptcy chance 12 m
4.4%
Structure
Board
3 members
Holdings
1
Accounts filed 17 d late1 of 14 deeds read
Why 45- Negative equity -€835,489- Loss of €2.1m, the second in a row (FY 2025)- Liquidity: current ratio 0.96, cash €288,034, halved- 12 establishment unitsShow the evidence

Checked score

Score 2025
45 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 7% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 12-27
equity -13.1% of total assets
Liquidity 15-14
short-term debt 75.5% · cash 4.5%
Profitability 0-21
return on assets -32.9%
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,675 companies)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● 0.0% vs 11-2024 01-2025: 1.7%● 0.0% vs 12-2024 02-2025: 1.7%▲ +1.7% vs 01-2025 03-2025: 1.7%● 0.0% vs 02-2025 04-2025: 2.0%▲ +15.2% vs 03-2025 05-2025: 2.5%▲ +22.2% vs 04-2025 06-2025: 2.6%▲ +6.5% vs 05-2025 07-2025: 2.8%▲ +7.6% vs 06-2025 08-2025: 1.4%▼ -48.6% vs 07-2025 09-2025: 1.2%▼ -14.7% vs 08-2025 10-2025: 1.2%● 0.0% vs 09-2025 11-2025: 1.2%● 0.0% vs 10-2025 12-2025: 1.2%● 0.0% vs 11-2025 01-2026: 1.2%● 0.0% vs 12-2025 02-2026: 1.2%▼ -5.5% vs 01-2026lowest value 03-2026: 1.2%● 0.0% vs 02-2026lowest value 04-2026: 1.3%▲ +7.2% vs 03-2026 05-2026: 1.5%▲ +23.4% vs 04-2026 06-2026: 1.6%▲ +3.6% vs 05-2026 07-2026: 1.7%▲ +8.4% vs 06-2026 08-2026: 2.6%▲ +47.4% vs 07-2026 09-2026: 5.4%▲ +111% vs 08-2026highest value 10-2026: 4.4%▼ -19.0% vs 09-2026
  • Negative equity -€835,489 raises the probability
  • Loss of €2.1m, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 0.96, cash €288,034, halved raises the probability
  • 12 establishment units raises the probability
No credit on open account
Liquidity short (current ratio 0.96 against 1.32 in 2024; short-term debt: 75.5% and cash: 4.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 6%, liquidity 12%, profitability 2%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity -€835,489
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €2.1m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.96, cash €288,034, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 12 establishment units
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity 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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
17 d late
2024
9 d early
2023
12 d early
2022
11 d early
2021
52 d early
2020
128 d early
2019
6 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 21 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignations: CENTURIONE BV, KAIROS MANAGEMENT BV…Appointments: Kris Voet, Valérie Le…
  3. Weakest financial yearnet -€2.1m

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€835,489 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€2.1m View
  • Caution: Result fell in 2025from -€346,228 to -€2.1m ▼ 507% View
  • Caution: Among the weakest 5% on net resultsector median €40,227 · 4,652 companies -€2.1m View
  • Caution: Board changedlatest change 12-12-2025 · 3 in office 3 joined · 4 left View

By topic

Financials

Fiscal year
2025
Turnover
€13.1m
Loss
-€2.1m
Solvency
-13.1%
Turnover▼ 15.8%
Net result
20242025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 17-08-2026Annual accounts filed
  2. 24-03-2026Resignations: CENTURIONE BV, KAIROS MANAGEMENT BV and…
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
12
Legal form
Private limited company
Activity
Retail sale of bicyclesNACE 47632
Founded
11-03-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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