Financials
- Fiscal year
- 2025
- Total assets
- €20,222
- Loss
- -€10,092
- Solvency
- 26.3%
Total assets▼ 36.1%
Net result
20212025
Cycles Theys
ActiveSummary
The computed 12-month bankruptcy probability of Cycles Theys is 2.3% (moderate). The annual accounts of Cycles Theys for fiscal year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €5,316 and a net result of -€10,092. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 20110 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of bicycles
NACE 47632NACE 47785
1 site
Size
€20,222total assets 2025
- Equity
- €5,316
- Loss
- -€10,092
Turnover not published (abridged schema)
Structure
Accounts 8 d early0 of 3 deeds read
Why 51- 1 change of registered office in 24 months- Founded in 2020- Loss of €10,092 (FY 2025)+ Figures for FY 2025 (filed 23-07-2026)Show the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 25% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
51-23
equity 26.3% of total assets
Liquidity
46=
short-term debt 30.5% · cash 6.7%
Profitability
0-63
return on assets -49.9%
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
10-2025: 1.6%
11-2025: 1.6%▼ -1.4% vs 10-2025
12-2025: 1.6%● 0.0% vs 11-2025
01-2026: 1.6%▲ +2.7% vs 12-2025
02-2026: 1.6%▼ -2.9% vs 01-2026lowest value
03-2026: 1.6%▲ +2.6% vs 02-2026
04-2026: 1.9%▲ +16.2% vs 03-2026
05-2026: 2.3%▲ +20.8% vs 04-2026
06-2026: 2.3%▲ +1.1% vs 05-2026
07-2026: 2.3%▲ +3.2% vs 06-2026highest value
08-2026: 2.2%▼ -5.9% vs 07-2026
09-2026: 2.2%● 0.0% vs 08-2026
10-2026: 2.3%▲ +3.1% vs 09-2026
- 1 change of registered office in 24 months raises the probability
- Founded in 2020 raises the probability for this profile
- Loss of €10,092 (FY 2025) raises the probability
- Figures for FY 2025 (filed 23-07-2026) lowers the probability
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 ample (current ratio 3.28 against 2.96 in 2024; short-term debt: 30.5% and cash: 6.7% of total assets), but 73.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 42%, liquidity 45%, profitability 6%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
41 d early
2023
51 d early
2022
15 d late
2021
50 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 July (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€10,092
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2022
- Next accounts
- by 31-07-2027
- 23-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 20-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of bicyclesNACE 47632
- Founded
- 12-10-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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