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. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 37,586 sector peers (NACE 70, financial year 2024).

Risk analysisFollow Report Compare

CYCADEActiveChecked score 54/100

Risk analysis Report Compare

Activity

Business and other management consultancy

NACE 70200

7th oldest company in Gesves, Professional and technical services sector1 site

Size

≈ €55,000turnover 2024, estimated

Equity: €9,206
Loss: -€9,360

Turnover estimated from the gross margin

Financial health

54 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 1.2%

Structure

Jean THAUVOYEDirector

2025 accounts not filed, 92 days past the deadline1 of 8 deeds summarised

Why 54raises 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 09-07-2025)1 financial year not filed after the legal deadline; 2 of the last 3 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 better than 30% of its sector peers (NACE 70, micro)

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, 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% (48,501 companies, NACE 70, micro)

Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 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

No publishable credit limit; 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 insufficient (current ratio 0.85, compared with 0.48 in 2023, below 1; short-term debt: 57.7% and cash: 29.8% of total assets), and 62.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 36% on solvency, 48% on liquidity, 23% on profitability and 13% on growth.

The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Figures for financial year 2024 (filed 09-07-2025)

NBB · annual accounts

1 financial year not filed after the legal deadline; 2 of the last 3 late

NBB · filings

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

Prior bankruptcy

Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.

Belgian Official Gazette

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, 92 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline31-10-2026 today

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

This company filed its last 6 accounts on average 75 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

09-07-2025 Annual accounts filedfinancial year 2024 · micro…
31-01-2025 Resignation: Jean THAUVOYE (sole director)Reappointment: Jean THAUVOYE (sole director)…
03-10-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Risk: 2025 accounts not fileddeadline was 31-07-2026 92 days past the deadline View
Risk: 3 loss-making years in a rowloss financial year 2024 -€9,360 View
Caution: Among the weakest 11% on net resultsector median €26,140 · 37,611 companies -€9,360 View

By topic

Financials

Financial year: 2024
Total assets: €24,698
Loss: -€9,360
Solvency: 37.3%

Total assets▼ 54.5%

Net result

20182024

Go to Financials

Board & ownership

Board: 1 member

Jean THAUVOYEDirector

Go to Board & ownership

Timeline

Events: 24
Since: 2006

30-11-2023Annual accounts filed
29-11-2022Annual accounts filed
28-10-2021Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Business and other management consultancyNACE 70200
Founded: 27-10-2004
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 33

Annual meeting: First Tuesday of June at 10:00
Purpose: “La conception,la programmation,la maintenance,l'assistance technique,le design,la…” (deed in French)

Go to Articles of association

Key facts about CYCADE

What is the company number of CYCADE?: 0869.686.954. In Belgium the VAT number is the company 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?: Private limited company (BV).
When was CYCADE 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?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.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.