CYCLE HOME

Active

Private limited companyfounded 20215 yrs activeVanderkinderestraat 438, 1180 Ukkel, BelgiumKBO/BCE: BE 0771.412.591

The computed 12-month bankruptcy probability of CYCLE HOME is 5.8% (elevated). The 2024 annual accounts show equity of €80k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 26048 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

38 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability63▼-12

Solvency39▲+5

Growth78=

Track record94

Bankruptcy probability, 12 months

5.8% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.36 against 1.14 in 2023; short-term debt: 64.5% and cash: 0.9% of total assets), and 85.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

14.2%

Return on assets

6.1%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

54 d late

2023

2 d early

2022

86 d late

2021

180 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€80k▲ 75.0%

2023 · €46k

2021: €27k 2022: €-273 2023: €46k

2021 → 2024

Total assets

€564k▲ 11.2%

2023 · €507k

2021: €230k 2022: €233k 2023: €507k

2021 → 2024

Net result

€34k▼ 25.5%

2023 · €46k

2021: €-6k 2022: €-27k 2023: €46k

2021 → 2024

Working capital

€132k▲ 127%

2023 · €58k

2021: €57k 2022: €24k 2023: €58k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€27k-€-273€46k€80k▲ 75.0%

Operating result€-8k-€-26k▼ 219%€45k€78k▲ 73.3%

Net result€-6k-€-27k▼ 337%€46k€34k▼ 25.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 73% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €564k

12.1%

87.9%

Fixed assets €68k▲ 88.6%

Current assets €496k▲ 5.2%

Equity and liabilities €564k

14.2%

85.8%

Equity €80k▲ 75.0%

Debt €484k▲ 4.8%

The debt ratio falls from 91.0% to 85.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€99k▲

2023 · €58k

Cash flow

€55k▼

2023 · €59k

Solvency

14.2%▲

2023 · 9.0%

Current ratio

1.36▲

2023 · 1.14

Quick ratio

0.17▼

2023 · 0.18

Debt / equity

6.03▼

2023 · 10.07

ROE

42.9%▼

2023 · 100.6%

ROA

6.1%▼

2023 · 9.1%

Interest coverage

4.37▼

2023 · 5.34

Debt

€484k▲

2023 · €462k

Debt ≤ 1 year

€364k▼

2023 · €413k

Debt > 1 year

€120k▲

2023 · €45k

Income taxes

€23k▲

2023 · €5k

Staff costs

€108k▲

2023 · €96k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€507k€564k▲

Fixed assets21/28€36k€68k▲

Intangible fixed assets21€15k€41k▲

Tangible fixed assets22/27€21k€16k▼

Plant, machinery and equipment23€472€365▼

Furniture and vehicles24€21k€16k▼

Financial fixed assets28€250€11k▲

Current assets29/58€471k€496k▲

Stocks and contracts in progress3€397k€433k▲

Stocks30/36€397k€433k▲

Amounts receivable within one year40/41€61k€58k▼

Trade receivables40€45k€44▼

Other amounts receivable41€16k€58k▲

Cash at bank and in hand54/58€12k€5k▼

Deferred charges and accrued income490/1€826€0▼

Equity and liabilities

Total equity and liabilities10/49€507k€564k▲

Equity10/15€46k€80k▲

Contributions10/11€33k€33k=

Profit (loss) carried forward14€13k€47k▲

Amounts payable17/49€462k€484k▲

Amounts payable after more than one year17€45k€120k▲

Financial debts170/4€45k€120k▲

Amounts payable within one year42/48€413k€364k▼

Current portion of amounts payable after more than one year42€26k€50k▲

Financial debts43€126k€0▼

Credit institutions430/8€126k€0▼

Trade debts44€99k€15k▼

Suppliers440/4€99k€15k▼

Taxes, remuneration and social security45€92k€219k▲

Taxes450/3€78k€211k▲

Remuneration and social security454/9€14k€8k▼

Other amounts payable47/48€70k€80k▲

Accrued charges and deferred income492/3€3k€0▼

Income statement Code20232024

Remuneration, social security and pensions62€96k€108k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€21k▲

Other operating charges640/8€3k€23k▲

Non-recurring operating charges66A€40€0▼

Gross operating margin9900€157k€230k▲

Operating profit (loss)9901€45k€78k▲

Financial income75/76B€17k€1k▼

Recurring financial income75€17k€1k▼

Financial charges65/66B€11k€23k▲

Recurring financial charges65€11k€23k▲

Profit (loss) for the period before taxes9903€52k€57k▲

Income taxes67/77€5k€23k▲

Profit (loss) for the period9904€46k€34k▼

Profit (loss) for the period to be appropriated9905€46k€34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€13k€47k▲

Profit (loss) brought forward from the previous period14P€-33k€13k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

23-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 54 days late

2024

29-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €46k

Net result €46k after 2 loss-making years.

25-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 86 days late

27-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 180 days late

2022

31-12

Financial Weakest financial yearnet €-27k

Net result drops to €-27k, the lowest in the series; recovery starts the following year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Ukkel · 3 establishment units since 2021

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vanderkinderestraat 4381180 Ukkel

Ground area

957 m²

Building footprint

356 m²

Volume, LiDAR

3,299 m³

3 parcels, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

Komut Bikes Uccle

Vanderkinderestraat 438, 1180 UkkelManufacture of other transport equipment

since 20212.321.434.682

Komut bikes Saint-Gilles

Charleroise Steenweg 190, 1060 Sint-Gillis (bij-Brussel)Retail sale of bicycles

since 20252.377.944.310

Komut bikes Stockel

Baron Albert d'Huartlaan 10, 1150 Sint-Pieters-WoluweRetail sale of bicycles

since 20252.377.945.102

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21013B0359/00E004	Brussels	416 m²	-	-
21683D0236/00F003	Brussels	379 m²	1 · 224 m²	14.4 m · 4 fl.
21612C0001/00V057	Brussels	162 m²	1 · 132 m²	12.3 m · 2 fl.