Cycle Squad
ActiveThe computed 12-month bankruptcy probability of Cycle Squad is 1.7% (moderate). The 2025 annual accounts show equity of €206k and a net result of €-35k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 7983 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11=
Solvency59▼-29
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.44 against 2.55 in 2024; short-term debt: 66% and cash: 3.8% of total assets), and 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
-5.9%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-35k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
5 d early
2022
3 d early
2021
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€206k▼ 14.7%
2024 · €242k
2021: €110k
2022: €110k
2023: €327k
2024: €242k
2021 → 2025
Total assets
€606k▲ 57.0%
2024 · €386k
2021: €426k
2022: €1.07M
2023: €435k
2024: €386k
2021 → 2025
Net result
€-35k▼ 57.8%
2024 · €-22k
2021: €100k
2022: €69
2023: €217k
2024: €-22k
2021 → 2025
Working capital
€177k▼ 21.1%
2024 · €224k
2021: €105k
2022: €917k
2023: €304k
2024: €224k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€110k▲ 0.1%€327k▲ 198%€242k▼ 26.1%€206k▼ 14.7%
Operating result€119k-€15k▼ 87.1%€288k▲ 1,774%€-25k€-35k▼ 41.4%
Net result€100k-€69▼ 99.9%€217k▲ 313,275%€-22k€-35k▼ 57.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2025 against €25k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €606k
Fixed assets
€30k▲ 65.4%
Current assets
€576k▲ 56.6%
Equity and liabilities €606k
Equity
€206k▼ 14.7%
Debt
€400k▲ 177%
The debt ratio rises from 37.4% to 66.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-30k▼
2024 · €-19k
Cash flow
€-30k▼
2024 · €-17k
Solvency
34.0%▼
2024 · 62.6%
Current ratio
1.44▼
2024 · 2.55
Quick ratio
1.44▼
2024 · 2.55
Debt / equity
1.94▲
2024 · 0.60
ROE
-17.2%▼
2024 · -9.3%
ROA
-5.9%▼
2024 · -5.8%
Interest coverage
-22.28▲
2024 · -27.00
Debt
€400k▲
2024 · €144k
Debt ≤ 1 year
€400k▲
2024 · €144k
Income taxes
€275▼
2024 · €289
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€386k€606k▲
Fixed assets21/28€18k€30k▲
Intangible fixed assets21-€17k
Tangible fixed assets22/27€18k€13k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€8k€4k▼
Current assets29/58€368k€576k▲
Amounts receivable after more than one year29€250k€250k=
Other amounts receivable291€250k€250k=
Amounts receivable within one year40/41€117k€303k▲
Trade receivables40€0€240k▲
Other amounts receivable41€117k€62k▼
Cash at bank and in hand54/58€474€23k▲
Deferred charges and accrued income490/1€325€400▲
Equity and liabilities
Total equity and liabilities10/49€386k€606k▲
Equity10/15€242k€206k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€232k€196k▼
Amounts payable17/49€144k€400k▲
Amounts payable within one year42/48€144k€400k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€27k€2k▼
Suppliers440/4€27k€2k▼
Advances received on contracts in progress46€8k€332k▲
Taxes, remuneration and social security45€50k€2k▼
Taxes450/3€50k€725▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€60k€63k▲
Income statement
Code20242025
Non-recurring operating income76A€20k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€-18k€-27k▼
Operating profit (loss)9901€-25k€-35k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€717€1k▲
Recurring financial charges65€717€1k▲
Profit (loss) for the period before taxes9903€-22k€-35k▼
Income taxes67/77€289€275▼
Profit (loss) for the period9904€-22k€-35k▼
Profit (loss) for the period to be appropriated9905€-22k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€295k€196k▼
Profit (loss) brought forward from the previous period14P€317k€232k▼
Profit to be distributed694/7€63k€0▼
Return on contributions (dividend)694€63k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2021net €217k ▲313275%
Operating result €288k, net result €217k, both a record.
31-03
Financial
Equity above €200kEq €327k ▲198%
3 profitable years in a row build equity to €327k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity times 5current ratio 7.04
Current ratio from 1.33 to 7.04; short-term debt falls from €316k to €152k.
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-12-2025
Resigned as Director
Location & real-estate footprint
Registered office, Damme · 1 establishment unit since 2020
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.
Moerkerkesteenweg 478340 DammeGround area
2,839 m²
Building footprint
256 m²
Volume, LiDAR
1,572 m³
Parcel 31432A0378/00L000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cycle Squad
since 20202.314.140.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31432A0378/00L000 | Flanders | 2,839 m² | 1 · 256 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
BRANDERS Bike Supply
BE 0831.221.110
Damme · Eq €211k
Graines de Vélo
BE 0800.839.621
Gembloux · Eq €212k
De Velowinkel
BE 0673.610.461
Gent · Eq €191k
FUNÉCO
BE 0599.812.564
Verviers · Eq €190k
GEERTS
BE 0476.896.144
Lummen · Eq €189k
Of 207 companies in sector 46495 we hold annual accounts for 108. 84 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2020
Fiscal year end31-03
Activities, NACEBEL
46495Wholesale trade
47632Retail sale of bicycles
47785Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.cycle-squad.com
E-mail:info@cycle-squad.com