Cycle Farm
ActiveSummary
For the legal form of Cycle Farm, Checked does not compute a bankruptcy probability. The 2024 annual accounts show negative equity (-€1,440) and a net result of €14,964. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 15869 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
Negative equity caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+50
Solvency20▲+20
Growth32=
Track record100
Credit verdict
No credit on open account
Liquidity short (current ratio 0.55 against 0.0 in 2023; short-term debt: 104.6% and cash: 49.6% of total assets), and equity is negative.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 15869 sector peers (2024).
NBB · sector comparisonPosition among 15869 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
139 d late
2023
68 d late
2022
353 d late
2021
584 d late
2020
654 d late
2019
122 d 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 320 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€1,440▲ 91.2%
2023 · -€16,404
Total assets
€30,984▲ 87.4%
2023 · €16,530
Net result
€14,964▲ 87.3%
2023 · €7,991
Working capital
-€14,746▲ 55.1%
2023 · -€32,863
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,808▲ 128%-€32,300-€11,330▲ 64.9%-€11,957▼ 5.5%€15,413
Net result€2,032within the sector's middle half▲ 77.4%-€41,624below the sector's middle half-€10,851below the sector's middle half▲ 73.9%€7,991within the sector's middle half€14,964within the sector's middle half▲ 87.3%
Equity€28,080within the sector's middle half▲ 55.6%-€13,544below the sector's middle half-€24,395below the sector's middle half▼ 80.1%-€16,404below the sector's middle half▲ 32.8%-€1,440below the sector's middle half▲ 91.2%
Total assets€57,120below the sector's middle half▼ 8.3%€30,051below the sector's middle half▼ 47.4%€31,226below the sector's middle half▲ 3.9%€16,530below the sector's middle half▼ 47.1%€30,984below the sector's middle half▲ 87.4%
Debt€29,040▼ 34.4%€43,595▲ 50.1%€55,621▲ 27.6%€32,934▼ 40.8%€32,424▼ 1.5%
Working capital€9,109within the sector's middle half▲ 66.0%-€28,072below the sector's middle half-€44,065below the sector's middle half▼ 57.0%-€32,863below the sector's middle half▲ 25.4%-€14,746below the sector's middle half▲ 55.1%
Solvency49.2%within the sector's middle half▲ 20.2pp-45.1%below the sector's middle half▼ 94.2pp-78.1%below the sector's middle half▼ 33.1pp-99.2%below the sector's middle half▼ 21.1pp-4.6%below the sector's middle half▲ 94.6pp
Current ratio1.31within the sector's middle half▲ 0.160.36below the sector's middle half▼ 0.960.21below the sector's middle half▼ 0.150.00below the sector's middle half▼ 0.210.55below the sector's middle half▲ 0.54
Return on assets (ROA)3.6%within the sector's middle half▲ 1.7pp-138.5%below the sector's middle half▼ 142.1pp-34.7%below the sector's middle half▲ 103.8pp48.3%above the sector's middle half▲ 83.1pp48.3%above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15,413 after a loss of €11,957 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,984
Fixed assets
€13,306 ▼ 19.2%
Current assets
€17,678 ▲ 24,799%
Equity and liabilities
Equity-€1,440
Debt€32,424
Equity is negative: debt (€32,424) exceeds the balance-sheet total (€30,984).
Key figures and ratios
EBITDA
€19,553▲
2023 · -€6,443
Cash flow
€19,104▲
2023 · €13,505
Interest coverage
98.26▲
2023 · -37.46
Debt ≤ 1 year
€32,424▼
2023 · €32,934
Income taxes
€250▲
2023 · -€5,120
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,622 | €17,072 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,892 | €9,324 | €10,916 | €5,514 | €4,140 | ▼ 24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€372 | - | - |
| Other operating charges640/8 | €0 | - | - | €188 | €103 | ▼ 45.2% |
| Gross operating margin9900 | €26,322 | -€5,904 | -€414 | -€6,627 | €19,656 | ▲ 397% |
| Operating profit (loss)9901 | €6,808 | -€32,300 | -€11,330 | -€11,957 | €15,413 | ▲ 229% |
| Financial income75/76B | €1 | €3 | - | €15,000 | - | - |
| Recurring financial income75 | €1 | €3 | - | €15,000 | - | - |
| Financial charges65/66B | €195 | €2,041 | €221 | €172 | €199 | ▲ 15.7% |
| Recurring financial charges65 | €195 | €1,545 | €221 | €172 | €199 | ▲ 15.7% |
| Non-recurring financial charges66B | - | €496 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €6,614 | -€34,338 | -€11,551 | €2,871 | €15,214 | ▲ 430% |
| Income taxes67/77 | €4,582 | €7,286 | -€700 | -€5,120 | €250 | ▲ 105% |
| Profit (loss) for the period9904 | €2,032 | -€41,624 | -€10,851 | €7,991 | €14,964 | ▲ 87.3% |
| Profit (loss) for the period to be appropriated9905 | €2,032 | -€41,624 | -€10,851 | €7,991 | €14,964 | ▲ 87.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,120 | €30,051 | €31,226 | €16,530 | €30,984 | ▲ 87.4% |
| Fixed assets21/28 | €18,971 | €14,528 | €19,670 | €16,459 | €13,306 | ▼ 19.2% |
| Tangible fixed assets22/27 | €18,971 | €14,528 | €19,670 | €16,459 | €13,306 | ▼ 19.2% |
| Land and buildings22 | €5,606 | €6,573 | €4,889 | €4,178 | €3,467 | ▼ 17.0% |
| Plant, machinery and equipment23 | €7,561 | €6,051 | €12,927 | €8,131 | €6,118 | ▼ 24.8% |
| Furniture and vehicles24 | €5,804 | €1,904 | €864 | €3,612 | €3,636 | ▲ 0.7% |
| Leasing and similar rights25 | - | - | €990 | €538 | €85 | ▼ 84.2% |
| Current assets29/58 | €38,149 | €15,523 | €11,556 | €71 | €17,678 | ▲ 24,799% |
| Amounts receivable within one year40/41 | €26,361 | €13,587 | €9,000 | - | €2,315 | - |
| Trade receivables40 | €19,009 | €11,708 | €8,027 | - | €2,315 | - |
| Other amounts receivable41 | €7,352 | €1,879 | €973 | - | - | - |
| Cash at bank and in hand54/58 | €11,788 | €1,936 | €2,556 | €71 | €15,363 | ▲ 21,538% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,120 | €30,051 | €31,226 | €16,530 | €30,984 | ▲ 87.4% |
| Equity10/15 | €28,080 | -€13,544 | -€24,395 | -€16,404 | -€1,440 | ▲ 91.2% |
| Contributions10/11 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €13,325 | -€28,299 | -€39,150 | -€31,159 | -€16,195 | ▲ 48.0% |
| Investment grants15 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Amounts payable17/49 | €29,040 | €43,595 | €55,621 | €32,934 | €32,424 | ▼ 1.5% |
| Amounts payable within one year42/48 | €29,040 | €43,595 | €55,621 | €32,934 | €32,424 | ▼ 1.5% |
| Trade debts44 | €7,966 | €16,256 | €35,951 | €14,792 | €14,750 | ▼ 0.3% |
| Suppliers440/4 | €7,966 | €16,256 | €35,951 | €14,792 | €14,750 | ▼ 0.3% |
| Taxes, remuneration and social security45 | €12,267 | €12,043 | - | €1,053 | - | - |
| Taxes450/3 | €4,138 | €3,743 | - | €1,053 | - | - |
| Remuneration and social security454/9 | €8,129 | €8,300 | - | - | - | - |
| Other amounts payable47/48 | €8,807 | €15,296 | €19,670 | €17,089 | €17,674 | ▲ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,032 | -€41,624 | -€10,851 | €7,991 | €14,964 | ▲ 87.3% |
| + Depreciation and write-downs630 | €9,892 | €9,324 | €10,916 | €5,514 | €4,140 | ▼ 24.9% |
| Operating cash flow (approximation) | €11,924 | -€32,300 | €65 | €13,505 | €19,104 | ▲ 41.5% |
| Investment in fixed assets (approximation) | - | -€4,881 | -€16,058 | -€2,303 | -€987 | ▲ 57.1% |
| Change in cash | - | -€9,852 | €620 | -€2,485 | €15,292 | ▲ 715% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-09
State Gazette act
Resignation: Nicolas VLAMINCK (director and managing director)3 facts ▸
State Gazette act
Resignation: Nicolas VLAMINCK (director and managing director)
3 facts ▸
- General meeting, Assemblée Générale
- Director resignation, Nicolas VLAMINCK (director and managing director)
- Director in office, David ERRERA (director and managing director)
05-06
State Gazette act
Resignation: Frédéric Bonus-Plumridge (director)2 facts ▸
State Gazette act
Resignation: Frédéric Bonus-Plumridge (director)
2 facts ▸
- General meeting, 11-05-2026
- Director resignation, Frédéric Bonus-Plumridge (director)
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 353 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 584 days late
2023
31-12
Financial
Back to profitnet €7,991
Net result €7,991 after 2 loss-making years.
16-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 654 days late
2021
31-12
Financial
Weakest financial yearnet -€41,624
Net result drops to -€41,624, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 97 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2015
Ground area
1,408 m²
Building footprint
301 m²
Volume, LiDAR
1,802 m³
Parcel 21614H0055/00M071, Brussels · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cycle Farm
since 20152.242.033.155
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0055/00M071 | Brussels | 1,408 m² | 1 · 301 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 0 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Nicolas Vlaminck |
|
| Monsieur BONUS-PLUMRIDGE Frédéric |
|
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 957 companies in this sector we hold annual accounts for 610. See the whole sector
Company details
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid met een sociaal oogmerk
Founded27-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
01130Growing of vegetables, melons, roots and tubers
01240Growing of pome and stone fruits
10392Manufacture of food products
47210Retail sale of fruit and vegetables
85599Other education
Contact
E-mail
nicolas@cyclefarm.beUkkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628911772
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.