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CYCADE

Active
Private limited companyfounded 2004active for 22 yearsRue Bourgmestre René Bouchat 7, 5340 Gesves, BelgiumKBO/BCE: BE 0869.686.954

The file of CYCADE contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The annual accounts of CYCADE for financial year 2024 show a net loss of 50% of the equity at the start of that year. The computed 12-month bankruptcy probability is 1.2% (low). The 2024 annual accounts show equity of €9,206 and a net result of -€9,360. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 33% of 37,587 sector peers (NACE 70, financial year 2024).

Overview

Official details

Source: KBO
Status
Active since 27-10-2004 Normal situation
Activity
Business and other management consultancy NACE 70200and 3 others
Establishment unit
2.142.527.486 1300 Wavre, since 27-10-2004
Financial year end
31 December
Peppol
Reachable since 25-05-2026

Board and ownership

Board

Financial position

54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2024
Gross margin
€11,908
▼ 46.7%
Turnover
≈ €55,000
estimated
Loss
€9,360
▲ 45.6%
Equity
€9,206
▼ 50.4%
Total assets
€24,698
▼ 54.5%
  • 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 09-07-2025)1 financial year not filed after the legal deadline; 2 of the last 3 accounts latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 30% of micro companies in head offices and management consultancy (NACE 70)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Average
Solvency 62+3
equity 37.3% of total assets
Liquidity 57+30
short-term debt 57.7% · cash 29.8%
Profitability 50-4
return on assets -37.9%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,531 companies, NACE 70, micro)
Last 24 months 12-2024: 1.8% 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 3.5%▲ +1.7 percentage points vs 01-2025highest value 03-2025: 3.5%● unchanged vs 02-2025highest value 04-2025: 3.5%● unchanged vs 03-2025 05-2025: 3.2%▼ -0.3 percentage points vs 04-2025 06-2025: 3.1%▼ -0.1 percentage points vs 05-2025 07-2025: 3.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▼ -2.6 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026lowest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.2 percentage points vs 07-2026 09-2026: 0.9%▲ +0.1 percentage points vs 08-2026 10-2026: 1.2%▲ +0.3 percentage points vs 09-2026 11-2026: 1.2%● unchanged vs 10-2026
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.85 (0.48 in 2023), below 1. Short-term debt is 57.7% and cash 29.8% of total assets. 62.7% of the assets are financed with debt and provisions.
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 70, micro). It does better than 36% of them on solvency, 48% on liquidity, 23% on profitability and 13% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Eight signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Figures for financial year 2024 (filed on 09-07-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; 2 of the last 3 accounts late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€9,360
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 94 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
22 days early
2023
64 days late
2022
122 days late
2021
121 days late
2020
89 days late
2019
74 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 75 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.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2024 -€9,360 View
  • Caution: Lower net result than 89% of companies in head offices and management consultancysector median €26,137 · 37,612 companies -€9,360 View

Recent changes

  1. · Gazette deed Registered office moved to GesvesResignation: Jean THAUVOYE (sole director) · Reappointment: Jean THAUVOYE (sole director) · Permanent representative: Jean THAUVOYE
  2. · Bankruptcy Bankruptcy reversalTribunal de commerce de Namur · judgment of 19-11-2009
  3. · Bankruptcy Bankruptcy declaredTribunal de commerce de Namur · judgment of 29-10-2009
All 15 events

Comparable companies

These companies have the same main activity as CYCADE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €19,400 and €30,900, founded between 2004 and 2007.

CompanyTotal assetsGross margin
CYCADE Gesves€24,698€11,908
Orangemen Hoogstraten€26,319€11,256
EUROPE ASIA CONSULT & TRADING Oud-Heverlee€26,565€9,995
ALLAERT Griet Aalter€26,362€13,339
NEO-RH Mons€30,492€11,047
EVIDENZ Schilde€30,947€10,714
QUORSUM Beauraing€19,400€11,070
Full comparison

Key facts about CYCADE

What is the company number of CYCADE?
The company number of CYCADE is 0869.686.954. The VAT number is the same number with BE in front: BE 0869.686.954.
Where is CYCADE based?
The registered office is at Rue Bourgmestre René Bouchat 7, 5340 Gesves.Company details
What does CYCADE do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of CYCADE?
The legal form of CYCADE is Private limited company (BV).
When was CYCADE founded?
CYCADE was founded on 27-10-2004.
Is CYCADE still active?
Yes, CYCADE is an active enterprise in the KBO register.
What is the turnover of CYCADE?
The turnover in financial year 2024 is ≈ €55,000. This figure is estimated from the gross margin of €11,908 and 206 comparable companies (NACE 70200). It probably lies between €26,000 and €110,000. It is a rough estimate.Financials
Is CYCADE profitable?
In financial year 2024, CYCADE made a loss of €9,360.
Where can I find the annual accounts of CYCADE?
CYCADE filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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