CYCLINK
ActiveSummary
CYCLINK has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €634,167 and a net result of €78,733. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 1672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 23.52 against 21.77 in 2024; short-term debt: 2.4% and cash: 30.9% of total assets), and 2.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.5%
Return on assets
12.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 10 filingsDeviation from the deadline
2025
46 d late
2024
29 d late
2023
21 d late
2022
29 d late
2021
2 d early
2020
31 d late
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€634,167▲ 14.2%
2024 · €555,434
Total assets
€650,096▲ 14.7%
2024 · €566,857
Net result
€78,733▼ 13.5%
2024 · €90,999
Working capital
€348,220▲ 46.8%
2024 · €237,220
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,114▲ 55.5%€75,260▲ 0.2%€104,647▲ 39.0%€111,652▲ 6.7%€96,575▼ 13.5%
Net result€60,941within the sector's middle half▲ 59.2%€59,708within the sector's middle half▼ 2.0%€84,119within the sector's middle half▲ 40.9%€90,999within the sector's middle half▲ 8.2%€78,733within the sector's middle half▼ 13.5%
Equity€395,668within the sector's middle half▲ 18.2%€455,376within the sector's middle half▲ 15.1%€539,495within the sector's middle half▲ 18.5%€555,434within the sector's middle half▲ 3.0%€634,167above the sector's middle half▲ 14.2%
Total assets€438,825within the sector's middle half▲ 0.5%€467,488within the sector's middle half▲ 6.5%€550,697within the sector's middle half▲ 17.8%€566,857within the sector's middle half▲ 2.9%€650,096within the sector's middle half▲ 14.7%
Debt€43,157▼ 57.6%€12,112▼ 71.9%€11,202▼ 7.5%€11,423▲ 2.0%€15,929▲ 39.4%
Working capital€80,938within the sector's middle half▲ 223%€153,042within the sector's middle half▲ 89.1%€246,505within the sector's middle half▲ 61.1%€237,220within the sector's middle half▼ 3.8%€348,220above the sector's middle half▲ 46.8%
Solvency90.2%above the sector's middle half▲ 13.5pp97.4%above the sector's middle half▲ 7.2pp98.0%above the sector's middle half▲ 0.6pp98.0%above the sector's middle half=97.5%above the sector's middle half▼ 0.4pp
Current ratio2.88within the sector's middle half▲ 1.5313.64above the sector's middle half▲ 10.7623.01above the sector's middle half▲ 9.3721.77above the sector's middle half▼ 1.2423.52above the sector's middle half▲ 1.75
Return on assets (ROA)13.9%within the sector's middle half▲ 5.1pp12.8%within the sector's middle half▼ 1.1pp15.3%above the sector's middle half▲ 2.5pp16.1%above the sector's middle half▲ 0.8pp12.1%within the sector's middle half▼ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €650,096
Fixed assets
€286,413 ▼ 10.0%
Current assets
€363,684 ▲ 46.3%
Equity and liabilities €650,096
Equity
€634,167 ▲ 14.2%
Debt
€15,929 ▲ 39.4%
Debt's share of the balance-sheet total rises from 2.0% to 2.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137,819▼
2024 · €145,248
Cash flow
€119,978▼
2024 · €124,595
Debt to equity
0.03▲
2024 · 0.02
ROE
12.4%▼
2024 · 16.4%
Interest coverage
147.19▼
2024 · 302.81
Debt ≤ 1 year
€15,464▲
2024 · €11,423
Income taxes
€20,132▼
2024 · €24,731
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,547 | €28,379 | €29,536 | €33,596 | €41,245 | ▲ 22.8% |
| Other operating charges640/8 | €2,206 | €2,571 | €2,634 | €3,365 | €3,243 | ▼ 3.6% |
| Gross operating margin9900 | €104,867 | €106,209 | €136,817 | €148,613 | €141,062 | ▼ 5.1% |
| Operating profit (loss)9901 | €75,114 | €75,260 | €104,647 | €111,652 | €96,575 | ▼ 13.5% |
| Financial income75/76B | €1,023 | €1,018 | €1,774 | €4,558 | €3,227 | ▼ 29.2% |
| Recurring financial income75 | €1,023 | €1,018 | €1,774 | €4,558 | €3,227 | ▼ 29.2% |
| Financial charges65/66B | €461 | €980 | €589 | €480 | €936 | ▲ 95.2% |
| Recurring financial charges65 | €461 | €980 | €589 | €480 | €936 | ▲ 95.2% |
| Profit (loss) for the period before taxes9903 | €75,676 | €75,298 | €105,832 | €115,730 | €98,865 | ▼ 14.6% |
| Income taxes67/77 | €14,734 | €15,590 | €21,713 | €24,731 | €20,132 | ▼ 18.6% |
| Profit (loss) for the period9904 | €60,941 | €59,708 | €84,119 | €90,999 | €78,733 | ▼ 13.5% |
| Profit (loss) for the period to be appropriated9905 | €60,941 | €59,708 | €84,119 | €90,999 | €78,733 | ▼ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438,825 | €467,488 | €550,697 | €566,857 | €650,096 | ▲ 14.7% |
| Fixed assets21/28 | €314,730 | €302,335 | €292,990 | €318,214 | €286,413 | ▼ 10.0% |
| Tangible fixed assets22/27 | €314,730 | €302,335 | €292,990 | €318,214 | €286,413 | ▼ 10.0% |
| Land and buildings22 | €247,850 | €251,006 | €239,227 | €227,448 | €215,669 | ▼ 5.2% |
| Plant, machinery and equipment23 | €2,305 | - | €16,103 | €18,649 | €17,476 | ▼ 6.3% |
| Furniture and vehicles24 | €57,858 | €44,864 | €29,099 | €63,294 | €44,904 | ▼ 29.1% |
| Other tangible fixed assets26 | €6,717 | €6,465 | €8,562 | €8,823 | €8,364 | ▼ 5.2% |
| Current assets29/58 | €124,094 | €165,153 | €257,707 | €248,643 | €363,684 | ▲ 46.3% |
| Amounts receivable within one year40/41 | €28,441 | €23,528 | €50,155 | €25,881 | €41,163 | ▲ 59.0% |
| Trade receivables40 | €28,441 | €18,381 | €45,366 | €24,245 | €38,693 | ▲ 59.6% |
| Other amounts receivable41 | - | €5,146 | €4,789 | €1,636 | €2,469 | ▲ 50.9% |
| Current investments50/53 | €25,000 | €51,244 | €148,340 | €97,100 | €119,284 | ▲ 22.8% |
| Cash at bank and in hand54/58 | €68,024 | €90,062 | €58,411 | €123,163 | €201,138 | ▲ 63.3% |
| Deferred charges and accrued income490/1 | €2,630 | €319 | €801 | €2,499 | €2,100 | ▼ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438,825 | €467,488 | €550,697 | €566,857 | €650,096 | ▲ 14.7% |
| Equity10/15 | €395,668 | €455,376 | €539,495 | €555,434 | €634,167 | ▲ 14.2% |
| Contributions10/11 | €135,060 | €135,060 | €148,566 | €73,506 | €73,506 | = |
| Reserves13 | €199,667 | €260,608 | €306,810 | €390,929 | €481,928 | ▲ 23.3% |
| Non-distributable reserves130/1 | €13,506 | €13,506 | - | - | - | - |
| Reserves not available under the articles1311 | €13,506 | €13,506 | - | - | - | - |
| Distributable reserves133 | €186,161 | €247,102 | €306,810 | €390,929 | €481,928 | ▲ 23.3% |
| Profit (loss) carried forward14 | €60,941 | €59,708 | €84,119 | €90,999 | €78,733 | ▼ 13.5% |
| Amounts payable17/49 | €43,157 | €12,112 | €11,202 | €11,423 | €15,929 | ▲ 39.4% |
| Amounts payable within one year42/48 | €43,157 | €12,112 | €11,202 | €11,423 | €15,464 | ▲ 35.4% |
| Current portion of amounts payable after more than one year42 | €28,621 | - | - | - | - | - |
| Trade debts44 | €2,650 | €2,275 | €1,000 | €2,723 | €2,590 | ▼ 4.9% |
| Suppliers440/4 | €2,650 | €2,275 | €1,000 | €2,723 | €2,590 | ▼ 4.9% |
| Taxes, remuneration and social security45 | €10,961 | €8,795 | €9,208 | €5,092 | €9,386 | ▲ 84.3% |
| Taxes450/3 | €7,667 | €5,501 | €5,789 | €1,612 | €5,877 | ▲ 265% |
| Remuneration and social security454/9 | €3,294 | €3,294 | €3,420 | €3,480 | €3,509 | ▲ 0.8% |
| Other amounts payable47/48 | €924 | €1,042 | €994 | €3,607 | €3,487 | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €465 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,941 | €59,708 | €84,119 | €90,999 | €78,733 | ▼ 13.5% |
| + Depreciation and write-downs630 | €27,547 | €28,379 | €29,536 | €33,596 | €41,245 | ▲ 22.8% |
| Operating cash flow (approximation) | €88,488 | €88,087 | €113,655 | €124,595 | €119,978 | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | -€15,983 | -€20,192 | -€58,820 | -€9,443 | ▲ 83.9% |
| Change in cash | - | €22,039 | -€31,651 | €64,752 | €77,975 | ▲ 20.4% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 46 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €90,999 ▲8.2%
Operating result €111,652, net result €90,999, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Equity above €500,000Eq €539,495 ▲18.5%
6 profitable years in a row build equity to €539,495.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity times 5current ratio 13.64
Current ratio from 2.88 to 13.64; short-term debt falls from €43,157 to €12,112.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.88
Current ratio from 1.34 to 2.88; short-term debt falls from €73,179 to €43,157.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €5,332 ▼87.8%
Net result drops to €5,332, the lowest in the series; recovery starts the following year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Herentals · 1 establishment unit since 2007
Ground area
1,887 m²
Building footprint
147 m²
Volume, LiDAR
983 m³
Parcel 13011B0028/00R000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CYCLINK
since 20072.163.834.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011B0028/00R000 | Flanders | 1,887 m² | 1 · 147 m² | 9.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900W925U726CQWJ36
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 3,789 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
85510Sports and recreation education
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890238284
Also
9925:BE0890238284
Registered
28-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.