Equity
CYC2 paid out €52,000 in dividends. That is 144% of the 2025 profit.
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 44% of them on solvency, 40% on liquidity, 52% on profitability and 28% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 34,693 companies had the same profile as CYC2 has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of CYC2 itself: < 0.1% within 12 months.
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 34,693 companies, not a prediction for CYC2. 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.
Liquidity is ample, with a current ratio of 1.88 (1.94 in 2024), above the usual 1.5. Short-term debt is 52% and cash 22.8% of total assets. However, 52.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CYC2 Lasne | €301,479 | €229,871 | 47.9% | - |
| IMMO DVM Waterloo | €293,462 | €215,012 | -105.6% | - |
| KENNES CONSULTING Genappe | €286,153 | €207,321 | 86.0% | - |
| Badger & Hawthorn Ottignies-Louvain-la-Neuve | €344,866 | €216,646 | 57.6% | - |
| Gest-D-Team Braine-le-Château | €233,804 | €240,374 | 72.8% | - |
| FLM Services Namur | €324,058 | €234,371 | 81.3% | - |
| ALSACO Ghent | €326,028 | €214,845 | 1.2% | - |
These companies have the same main activity as CYC2: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €234,000 and €345,000, founded between 2006 and 2010.
CYC2 files the micro format. That format states no turnover. The gross margin rose from -€7,786 in 2009 to €229,871 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €390,000. Estimated: probably between €330,000 and €460,000.
Higher than 43% of 39,342 companies in 2025.
Higher than 47% of 38,027 companies in 2025.
Higher than 46% of 38,499 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
301,479 | 320,861 | 270,605 | 281,873 | 153,276 | 159,518 | 181,157 | 142,389 | 159,989 | 158,358 | 110,228 | 105,998 | 168,251 | 70,947 | 54,665 | 26,275 | 14,566 | |
21/28 |
6,938 | 10,231 | 1,900 | 1,900 | 1,050 | 7,705 | 14,639 | 27,265 | 39,074 | - | 1,120 | 2,028 | 4,429 | 5,923 | 2,834 | 2,062 | 1,562 | |
22/27 |
5,038 | 8,331 | - | - | - | 6,655 | 13,589 | 26,215 | 37,954 | 15,671 | - | 908 | 3,309 | 4,303 | 2,334 | 1,562 | 1,062 | |
24 |
5,038 | 8,331 | - | - | - | 6,655 | 13,589 | 26,215 | 37,954 | 15,671 | - | 908 | 3,309 | 4,303 | 2,334 | 1,562 | 1,062 | |
28 |
1,900 | 1,900 | 1,900 | 1,900 | 1,050 | 1,050 | 1,050 | 1,050 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,620 | 500 | 500 | 500 | |
29/58 |
294,541 | 310,630 | 268,705 | 279,973 | 152,226 | 151,813 | 166,518 | 115,124 | 120,915 | 141,567 | 109,108 | 103,970 | 163,822 | 65,024 | 51,831 | 24,213 | 13,004 | |
3 |
36,325 | 56,444 | 45,886 | 71,655 | 6,482 | 16,561 | 27,698 | 7,690 | 28,069 | - | - | - | - | - | - | - | - | |
30/36 |
36,325 | 56,444 | 45,886 | 71,655 | 6,482 | 16,561 | 27,698 | 7,690 | 28,069 | - | - | - | - | - | - | - | - | |
40/41 |
187,023 | 219,359 | 171,097 | 175,568 | 115,214 | 108,554 | 137,592 | 67,084 | 88,953 | 120,559 | 72,049 | 103,970 | 148,587 | 64,969 | 48,724 | 22,782 | 12,219 | |
40 |
155,316 | 200,990 | 153,286 | 174,824 | 107,740 | 107,592 | 136,331 | 66,819 | 88,700 | 120,559 | 72,049 | 96,962 | 148,587 | 64,969 | 48,724 | 22,775 | 12,213 | |
41 |
31,707 | 18,369 | 17,810 | 743 | 7,474 | 962 | 1,261 | 265 | 253 | - | - | 7,008 | - | - | - | 7 | 6 | |
50/53 |
- | - | - | - | - | - | - | - | - | 13,950 | 13,950 | - | - | - | - | - | - | |
54/58 |
68,818 | 32,041 | 51,722 | 32,750 | 30,530 | 25,935 | - | 40,350 | 3,893 | 7,058 | 23,109 | - | 15,236 | 55 | 2,508 | 831 | 785 | |
490/1 |
2,375 | 2,786 | - | - | - | 763 | 1,228 | - | - | - | - | - | - | - | 600 | 600 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
301,479 | 320,861 | 270,605 | 281,873 | 153,276 | 159,518 | 181,157 | 142,389 | 159,989 | 158,358 | 110,228 | 105,998 | 168,251 | 70,947 | 54,665 | 26,275 | 14,566 | |
10/15 |
144,545 | 160,508 | 145,271 | 128,245 | 101,909 | 99,048 | 88,548 | 80,471 | 84,741 | 61,448 | 42,552 | 31,632 | 31,554 | 17,613 | 10,335 | -14,633 | 3,160 | |
10/11 |
14,460 | 14,460 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | - | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | |
10 |
- | - | 12,600 | 12,600 | 12,600 | - | - | - | - | 12,600 | - | - | - | - | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
11 |
14,460 | 14,460 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
14,460 | 14,460 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
13,950 | 13,950 | 15,810 | 15,810 | 15,810 | 15,810 | 15,810 | 15,810 | 15,810 | 15,810 | 15,810 | 1,860 | 1,860 | 1,860 | - | - | - | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | 13,950 | - | - | - | - | - | - | |
130 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
1312 |
- | - | - | - | - | - | - | - | - | - | 13,950 | - | - | - | - | - | - | |
133 |
13,950 | 13,950 | 13,950 | 13,950 | 13,950 | 13,950 | 13,950 | 13,950 | 13,950 | - | - | - | - | - | - | - | - | |
14 |
116,135 | 132,098 | 116,861 | 99,835 | 73,499 | 70,638 | 60,138 | 52,061 | 56,331 | 33,038 | 14,142 | 17,172 | 17,094 | 3,153 | -2,265 | -27,233 | -9,440 | |
17/49 |
156,935 | 160,353 | 125,334 | 153,628 | 51,366 | 60,470 | 92,609 | 61,918 | 75,248 | 96,910 | 67,676 | 74,366 | 136,698 | 53,333 | 44,330 | 40,908 | 11,406 | |
17 |
- | - | - | - | - | - | - | - | - | - | 20,261 | 19,836 | 29,691 | - | - | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 20,261 | 19,836 | 29,691 | - | - | - | - | |
42/48 |
156,846 | 160,135 | 125,309 | 152,879 | 51,366 | 60,470 | 90,585 | 61,395 | 75,248 | 96,910 | 47,415 | 54,530 | 106,918 | 53,333 | 43,677 | 40,908 | 11,406 | |
42 |
- | - | 17,674 | - | - | - | - | - | - | 20,261 | 21,406 | 20,043 | 9,529 | - | - | - | - | |
43 |
- | - | - | - | - | - | 22,790 | - | - | - | - | 155 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | 22,790 | - | - | - | - | 155 | - | - | - | - | - | |
44 |
62,469 | 65,206 | 31,177 | 32,349 | 27,976 | 24,377 | 19,730 | 29,023 | 50,248 | 24,062 | 517 | 13,866 | 71,378 | 36,743 | 4,919 | 12,934 | 7,148 | |
440/4 |
62,469 | 65,206 | 31,177 | 32,349 | 27,976 | 24,377 | 19,730 | 29,023 | 50,248 | 24,062 | 517 | 13,866 | 71,378 | 36,743 | 4,919 | 12,934 | 7,148 | |
46 |
293 | 292 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
42,084 | 34,637 | 26,458 | 30,529 | 11,391 | 24,094 | 36,065 | 20,372 | 23,750 | 39,337 | 20,192 | 10,466 | 14,510 | 5,090 | 20,259 | 9,474 | 4,259 | |
450/3 |
23,531 | 17,535 | 15,057 | 20,815 | 7,261 | 13,634 | 21,516 | 13,709 | 13,101 | 26,007 | 13,697 | 8,564 | 14,362 | 5,090 | 20,259 | 7,974 | 4,259 | |
454/9 |
18,553 | 17,103 | 11,401 | 9,714 | 4,130 | 10,460 | 14,549 | 6,663 | 10,649 | 13,330 | 6,495 | 1,902 | 149 | - | - | 1,500 | - | |
47/48 |
52,000 | 60,000 | 50,000 | 90,000 | 12,000 | 12,000 | 12,000 | 12,000 | 1,250 | 13,250 | 5,300 | 10,000 | 11,500 | 11,500 | 18,500 | 18,500 | - | |
492/3 |
88 | 218 | 25 | 749 | - | - | 2,025 | 524 | - | - | - | - | 89 | - | 653 | - | - | |
| Income statement | ||||||||||||||||||
9900 |
229,871 | 276,508 | 247,011 | 308,062 | 159,983 | 199,867 | 203,075 | 183,974 | 162,690 | 153,020 | 63,558 | 75,001 | 60,117 | 16,503 | 29,315 | -15,991 | -7,786 | |
62 |
171,107 | 160,297 | 146,187 | 146,838 | 136,542 | 155,086 | 157,150 | 147,670 | 105,157 | - | 44,161 | 68,934 | 33,721 | - | - | - | - | |
630 |
3,292 | 1,646 | - | - | 208 | 6,934 | 11,626 | 12,218 | 16,606 | 3,918 | 908 | 2,400 | 2,396 | 2,329 | 1,429 | 987 | 1,593 | |
640/8 |
1,266 | 724 | 468 | 275 | 688 | 641 | 501 | 7,922 | 623 | 810 | 348 | 418 | 408 | 348 | 348 | 647 | - | |
66A |
- | - | 1,417 | - | - | - | - | - | 3,101 | - | - | - | 500 | - | - | - | - | |
9901 |
54,207 | 113,841 | 98,939 | 160,950 | 22,545 | 37,206 | 33,798 | 16,164 | 37,203 | 49,983 | 18,141 | 3,249 | 23,592 | 13,827 | 27,539 | -17,625 | -9,379 | |
75/76B |
- | - | 0 | 0 | 0 | 1 | - | 16 | - | - | 8 | 14 | 1 | 0 | 0 | 3 | 5 | |
75 |
- | - | 0 | 0 | 0 | 1 | - | 16 | - | 73 | 8 | 14 | 1 | 0 | 0 | 3 | 5 | |
65/66B |
3,319 | 10,415 | 6,165 | 3,031 | 2,370 | 3,264 | 2,705 | 911 | 1,044 | - | 2,029 | 1,916 | 559 | 2,529 | 551 | 171 | 67 | |
65 |
3,319 | 10,415 | 6,165 | 3,031 | 2,370 | 3,264 | 2,705 | 911 | 1,044 | 1,707 | 2,029 | 1,916 | 559 | 2,529 | 551 | 171 | 67 | |
9903 |
50,888 | 103,426 | 92,774 | 157,918 | 20,175 | 33,943 | 31,093 | 15,269 | 36,159 | 48,349 | 16,120 | 1,347 | 22,534 | 11,298 | 26,988 | -17,792 | -9,440 | |
67/77 |
14,851 | 28,189 | 25,748 | 41,583 | 5,314 | 11,443 | 11,016 | 7,540 | 12,866 | 17,453 | 5,200 | 1,269 | 8,594 | 4,020 | 2,020 | - | - | |
9904 |
36,037 | 75,237 | 67,026 | 116,335 | 14,861 | 22,500 | 20,077 | 7,730 | 23,293 | 30,896 | 10,920 | 78 | 13,940 | 7,279 | 24,968 | -17,792 | -9,440 | |
9905 |
36,037 | 75,237 | 67,026 | 116,335 | 14,861 | 22,500 | 20,077 | 7,730 | 23,293 | 30,896 | 10,920 | 78 | 13,940 | 7,279 | 24,968 | -17,792 | -9,440 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
168,135 | 192,098 | 166,861 | 189,835 | 85,499 | 82,638 | 72,138 | 64,061 | 56,331 | 45,038 | 28,092 | 17,172 | 17,094 | 5,013 | -2,265 | -27,233 | -9,440 | |
14P |
132,098 | 116,861 | 99,835 | 73,499 | 70,638 | - | - | - | - | 14,142 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 13,950 | - | - | 1,860 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | 13,950 | - | - | - | - | - | - | |
694/7 |
52,000 | 60,000 | 50,000 | 90,000 | 12,000 | 12,000 | 12,000 | 12,000 | - | - | - | - | - | - | - | - | - | |
694 |
52,000 | 60,000 | 50,000 | 90,000 | 12,000 | 12,000 | 12,000 | 12,000 | - | 12,000 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
2 | 2 | 2 | 1.9 | 2.1 | 2.3 | 2.2 | 2.1 | 1.9 | 2 | 1 | 1 | 0.9 | - | - | - | - | |
Hours worked1013 |
34,814 | 3,316 | 3,484 | 3,118 | 2,894 | 3,572 | 3,725 | 3,504 | 3,344 | - | 2,042 | 2,221 | 1,578 | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-05-2026.
2025 annual accounts filed 30 days after the deadline. Filed on 30 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00130380.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-05-2026 | 2026-00130380 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00088196 | |
| 30-09-2023 | micro format | 02-05-2024 | 2024-00083491 | |
| 30-09-2022 | micro format | 17-05-2023 | 2023-00089817 | |
| 30-09-2021 | micro format | 30-05-2022 | 2022-20042566 | |
| 30-09-2020 | micro format | 21-05-2021 | 2021-15000227 | |
| 30-09-2019 | micro format | 29-05-2020 | 2020-13900280 | |
| 30-09-2018 | micro format | 22-05-2019 | 2019-14000398 | |
| 30-09-2017 | micro format | 07-05-2018 | 2018-12300242 | |
| 30-09-2016 | full format | 31-05-2017 | 2017-14700205 | |
| 30-09-2015 | full format | 30-05-2016 | 2016-14200302 | |
| 30-09-2014 | full format | 29-05-2015 | 2015-14000120 | |
| 30-09-2013 | full format | 30-05-2014 | 2014-14600141 | |
| 30-09-2012 | full format | 30-05-2013 | 2013-14300383 | |
| 30-09-2011 | full format | 31-05-2012 | 2012-14700452 | |
| 30-09-2010 | full format | 31-05-2011 | 2011-13800050 | |
| 30-09-2009 | full format | 31-05-2010 | 2010-14400022 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,499 | 115,487 | - | - | 22,753 | 44,140 | 45,424 | 28,382 | 53,809 | 53,901 | 19,050 | 5,650 | 25,988 | 16,156 | 28,967 | -16,638 | -7,786 | ||
| 39,329 | 76,883 | - | - | 15,069 | 29,434 | 31,703 | 19,948 | 39,899 | 34,814 | 11,828 | 2,479 | 16,336 | 9,608 | 26,396 | -16,806 | -7,848 | ||
| 0 | 9,977 | - | 850 | -6,447 | 0 | -1,000 | 26,587 | 38,889 | 19,588 | 0 | 0 | 1,402 | 5,418 | 2,200 | 1,487 | 2,092 | ||
| 36,777 | -19,681 | 18,972 | 2,220 | 4,595 | - | - | 36,456 | -3,165 | -16,051 | - | - | 15,180 | -2,452 | 1,677 | 46 | - | ||
| 137,695 | 150,495 | 143,396 | 127,094 | 100,859 | 91,343 | 75,933 | 53,729 | 45,667 | 44,657 | 61,693 | 49,440 | 56,905 | 11,691 | 8,154 | -16,695 | 1,598 | ||
| 47.9% | 50.0% | 53.7% | 45.5% | 66.5% | 62.1% | 48.9% | 56.5% | 53.0% | 38.8% | 38.6% | 29.8% | 18.8% | 24.8% | 18.9% | -55.7% | 21.7% | ||
| 1.88 | 1.94 | 2.14 | 1.83 | 2.96 | 2.51 | 1.84 | 1.88 | 1.61 | 1.46 | 2.30 | 1.91 | 1.53 | 1.22 | 1.19 | 0.59 | 1.14 | ||
| 1.65 | 1.59 | 1.78 | 1.36 | 2.84 | 2.24 | 1.53 | 1.75 | 1.23 | 1.46 | 2.30 | 1.91 | 1.53 | 1.22 | 1.19 | 0.59 | 1.14 | ||
| 1.09 | 1.00 | 0.86 | 1.20 | 0.50 | 0.61 | 1.05 | 0.77 | 0.89 | 1.58 | 1.59 | 2.35 | 4.33 | 3.03 | 4.29 | - | 3.61 | ||
| 24.9% | 46.9% | 46.1% | 90.7% | 14.6% | 22.7% | 22.7% | 9.6% | 27.5% | 50.3% | 25.7% | 0.2% | 44.2% | 41.3% | 241.6% | - | -298.8% | ||
| 12.0% | 23.4% | 24.8% | 41.3% | 9.7% | 14.1% | 11.1% | 5.4% | 14.6% | 19.5% | 9.9% | 0.1% | 8.3% | 10.3% | 45.7% | -67.7% | -64.8% | ||
| 17.33 | 11.09 | - | - | 9.60 | - | - | - | - | 31.58 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 | 3 | 2 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 2 | 2 | 2 | 2 | 1 |
| in full-time equivalents | 1.9 | 1.9 | 1.9 | 1.9 | 1.3 |
| 1.9 | 1.9 | 1.9 | 1.9 | 2.1 | |
| On a permanent contract | 3 | 3 | 3 | 3 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €9,977 | - | - | - |
| Financial fixed assets | - | - | - | €850 | - |
| €3,292 | €1,646 | - | - | €208 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 52% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total rises from 50.0% to 52.1%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
CYC2 has no parent and no holdings in its annual accounts. WITMEUR Frédéric is the only director.
| FWI MANAGEMENT
registered office since 01-10-2011 · founded in 2011 |
total assets €66,641 (2026) 0838.368.525 |
| Witmeur, Tom (sole trader)
establishment since 08-12-2025 |
founded in 2025 1031.585.694 |
| Detienne, Antoine (sole trader)
establishment since 29-09-1988 |
founded in 1988 0776.067.405 |
The network starts from the directors of CYC2. Every other company they run is a node.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
CYC2 was incorporated on 13 October 2008.1 WITMEUR Frédéric is director of the company, appointed by deed of 11-07-2023.2 Total assets rose from €181,157 in 2019 to €301,479 in 2025 and headcount from 2.2 to 2 full-time equivalents.3
| Establishment | Since | Unit number |
|---|---|---|
| Ruelle du Curé 1 registered office 1380 Lasne | 13-10-2008 | 2.174.080.497 |
| Chaussée de Louvain 431/E 1380 Lasne | 01-06-2015 | 2.242.238.340 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25076F0006/00S005 | 3,200 m² | 1 · 156 m² | 12.8 m · 2 |
| 25051H0108/00A000 | 1,957 m² | 1 · 222 m² | 6.7 m · 2 |
If something looks wrong or is missing, please tell us.