CYCLOBILITY
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 9 filings
Turnover
≈ €25.0m
Estimated: probably between €15.0m and €46.0m
Total assets
€17.9m▲ 46.2%
2024 · €12.2m
Net result
€89,882▲ 236%
2024 · €26,776
Working capital
€370,451
2024 · -€240,275
In the rankings
#1 company by staff growth in Kluisbergen#1 company by total assets in Kluisbergen, Wholesale and retail trade sector#4 employer in Kluisbergen
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€366,136
▲ 10.9%
2025
20182025
Net result
€89,882
▲ 236%
2025
middle half of the sector
20182025
Equity
€2.6m
▲ 15.0%
2025
highest quarter of the sector
20182025
Total assets
€17.9m
▲ 46.2%
2025
highest quarter of the sector
20182025
Debt
€15.3m
▲ 53.2%
2025
20182025
Working capital
€370,451
2025
middle half of the sector
20182025
Solvency
14.4%
▼ 3.9pp
2025
lowest quarter of the sector
20182025
Current ratio
1.04
▲ 0.09
2025
middle half of the sector
20182025
Return on assets (ROA)
0.5%
▲ 0.3pp
2025
middle half of the sector
20182025
Staff (FTE)
53
▲ 76.7%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.01m--€0.007m€0.03m€0.04m▲ 31.8%€0.2m▲ 486%€0.2m▼ 12.9%€0.3m▲ 52.4%€0.4m▲ 10.9%
Net result€0.01m-€378▼ 97.4%€0.03mwithin the sector's middle half▲ 69×€0.02mwithin the sector's middle half▼ 33.1%€0.2mabove the sector's middle half▲ 953%€0.04mwithin the sector's middle half▼ 76.3%€0.03mwithin the sector's middle half▼ 38.8%€0.09mwithin the sector's middle half▲ 236%
Equity€0.02m-€0.2m▲ 668%€0.3mwithin the sector's middle half▲ 80.2%€0.3mwithin the sector's middle half▲ 5.6%€1.9mabove the sector's middle half▲ 482%€2.0mabove the sector's middle half▲ 2.3%€2.2mabove the sector's middle half▲ 14.6%€2.6mabove the sector's middle half▲ 15.0%
Total assets€0.8m-€1.6m▲ 112%€2.9mabove the sector's middle half▲ 76.3%€4.0mabove the sector's middle half▲ 36.4%€7.9mabove the sector's middle half▲ 101%€9.9mabove the sector's middle half▲ 24.1%€12.2mabove the sector's middle half▲ 24.2%€17.9mabove the sector's middle half▲ 46.2%
Debt€0.7m-€1.4m▲ 102%€2.6m▲ 78.1%€3.6m▲ 40.4%€6.0m▲ 66.4%€7.9m▲ 31.1%€10.0m▲ 26.5%€15.3m▲ 53.2%
Working capital€0.03m-€0.08m▲ 138%-€0.02mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 918%€0.5mabove the sector's middle half€0.3mwithin the sector's middle half▼ 36.8%-€0.2mbelow the sector's middle half€0.4mwithin the sector's middle half
Solvency2.9%-10.5%▲ 7.6pp10.7%below the sector's middle half▲ 0.2pp8.3%below the sector's middle half▼ 2.4pp24.1%within the sector's middle half▲ 15.8pp19.9%within the sector's middle half▼ 4.2pp18.3%within the sector's middle half▼ 1.5pp14.4%below the sector's middle half▼ 3.9pp
Current ratio1.15-1.22▲ 0.080.97below the sector's middle half▼ 0.250.81below the sector's middle half▼ 0.161.22within the sector's middle half▲ 0.411.10within the sector's middle half▼ 0.120.95below the sector's middle half▼ 0.151.04within the sector's middle half▲ 0.09
Return on assets (ROA)1.8%-0.0%▼ 1.8pp0.9%within the sector's middle half▲ 0.9pp0.4%below the sector's middle half▼ 0.5pp2.3%within the sector's middle half▲ 1.9pp0.4%below the sector's middle half▼ 1.9pp0.2%below the sector's middle half▼ 0.2pp0.5%within the sector's middle half▲ 0.3pp
Staff (FTE)1.2-1.6▲ 33.3%3.3within the sector's middle half▲ 106%9.5above the sector's middle half▲ 188%15.9above the sector's middle half▲ 67.4%23.9above the sector's middle half▲ 50.3%30above the sector's middle half▲ 25.5%53above the sector's middle half▲ 76.7%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 11% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Large changes and their cause
- 2025 Staff (FTE) +77% on 2024. Merger absorbing CAFÉ VITESSE, effective 01-01-2025.
- 2022 Net result +953%, Staff (FTE) +67% on 2021. Merger absorbing Arriva, Official Gazette 31-05-2021, in the previous financial year. That operation now counts for a full year for the first time.
- 2021 Staff (FTE) +188% on 2020. Merger absorbing Arriva, Official Gazette 31-05-2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.9m
Fixed assets
€7.5m ▼ 4.2%
Current assets
€10.4m ▲ 136%
Equity and liabilities €17.9m
Equity
€2.6m ▲ 15.0%
Provisions
€90 ▼ 70.6%
Debt
€15.3m ▲ 53.2%
Debt's share of the balance-sheet total rises from 81.7% to 85.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.3m▲
2024 · €2.7m
Cash flow
€3.0m▲
2024 · €2.4m
Quick ratio
0.60▲
2024 · 0.41
Debt to equity
5.93▲
2024 · 4.45
ROE
3.5%▲
2024 · 1.2%
Interest coverage
5.97▲
2024 · 5.76
Debt ≤ 1 year
€10.0m▲
2024 · €4.6m
Debt > 1 year
€5.3m▼
2024 · €5.4m
Income taxes
€29,297▲
2024 · €13,055
Staff costs
€3.0m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 20 | 28 | 37 | 68 |
| full-time | 18 | 26 | 31 | 64 |
| part-time | 2 | 2 | 6 | 4 |
| in full-time equivalents | 18.6 | 27.3 | 35.1 | 67.2 |
| Average over the year, in full-time equivalents | 15.9 | 23.9 | 30 | 53 |
| On a permanent contract | 19 | 28 | 34 | 67 |
| Joined | 9 | 20 | 38 | 65 |
| Left | 3 | 11 | 29 | 33 |
| Training hours | 64 | 0 | 83 | 209 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | €137,500 | €137,500 | €137,500 | €2.7m |
| Pledge on other assets, amount secured | - | €4.3m | €7.8m | €7.8m | €13.0m |
| Carrying value of the other pledged assets | - | €4.3m | €5.1m | €6.4m | €4.5m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.9m | €3.8m | €3.6m | €4.7m | €2.8m |
| Intangible fixed assets | €55,248 | €96,465 | €138,717 | €275,348 | €678,779 |
| Financial fixed assets | €4,100 | €22,800 | €20,250 | €10,300 | €30,726 |
| Depreciation and write-downs of the year | €888,214 | €1.3m | €1.9m | €2.4m | €2.9m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €20,086 awarded · €20,086 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €17,732 | €17,732 |
| 2024 | 1 | €1,229 | €1,229 |
| 2023 | 1 | €930 | €930 |
| 2022 | 1 | €195 | €195 |
Public contracts
7 awards · 2024 to 2026
Raamovereenkomst voor leveringen met als voorwerp 'leasen van fietsen'.: AZO 2025 - Fietslease - 1
Fietsleasing: FLU24D058 - 1
leasen van fietsen personeel
Raamovereenkomst fietslease voor personeel: Leasing met service via lokale fietshandelaar
Raamovereenkomst fietslease voor personeel: Leasing met service ter plekke
Show 2 more contracts
ERRATUM Fietslease voor de personeelsleden van scholengroep impact: Bestek nr. 2024/IMPACT/FIETSLEASE - 1
Fietslease: AZO-2024 Fietslease - 2 leasen van fietsen met service en onderhoud bij de lokale fietshandeleaar
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.9m | €1.7m | €2.1m | €3.0m | ▲ 46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.3m | €0.6m | €0.9m | €1.3m | €1.9m | €2.4m | €2.9m | ▲ 22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.006m | -€0.002m | -€0.001m | -€0.001m | -€216 | ▲ 60.9% |
| Other operating charges640/8 | - | - | - | €0.009m | €0.02m | €0.02m | €0.02m | €0.07m | ▲ 225% |
| Non-recurring operating charges66A | - | - | - | €0.03m | €0.06m | €0.03m | €0.2m | €0.04m | ▼ 73.9% |
| Gross operating margin9900 | €0.2m | €0.3m | €0.8m | €1.5m | €2.5m | €3.9m | €5.0m | €6.4m | ▲ 29.1% |
| Operating profit (loss)9901 | €0.01m | -€0.007m | €0.03m | €0.04m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 10.9% |
| Financial income75/76B | - | - | - | €0.06m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 64.3% |
| Recurring financial income75 | €0.02m | €0.03m | €0.03m | €0.06m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 90.3% |
| Non-recurring financial income76B | - | - | - | - | - | €0.01m | €0.03m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.08m | €0.1m | €0.3m | €0.5m | €0.5m | ▲ 15.6% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.04m | €0.08m | €0.1m | €0.3m | €0.5m | €0.5m | ▲ 16.6% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.002m | €0.03m | €0.02m | €0.2m | €0.06m | €0.04m | €0.1m | ▲ 199% |
| Income taxes67/77 | €0.004m | €0.002m | €109 | €0.005m | €0.04m | €0.02m | €0.01m | €0.03m | ▲ 124% |
| Profit (loss) for the period9904 | €0.01m | €378 | €0.03m | €0.02m | €0.2m | €0.04m | €0.03m | €0.09m | ▲ 236% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €378 | €0.03m | €0.02m | €0.2m | €0.04m | €0.03m | €0.09m | ▲ 236% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €1.6m | €2.9m | €4.0m | €7.9m | €9.9m | €12.2m | €17.9m | ▲ 46.2% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.5m | €1.2m | €2.1m | €2.9m | €5.0m | €6.2m | €7.9m | €7.5m | ▼ 4.2% |
| Intangible fixed assets21 | €0.008m | €0.01m | €0.04m | €0.08m | €0.1m | €0.2m | €0.3m | €0.8m | ▲ 119% |
| Tangible fixed assets22/27 | €0.5m | €1.2m | €2.0m | €2.8m | €4.9m | €5.9m | €7.4m | €6.7m | ▼ 10.3% |
| Plant, machinery and equipment23 | - | - | - | €2.5m | €4.4m | €5.2m | €6.7m | €5.1m | ▼ 24.0% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.04m | €0.03m | €0.03m | €0.06m | ▲ 102% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.4m | €0.7m | €0.7m | €1.5m | ▲ 108% |
| Financial fixed assets28 | €0.001m | €0.003m | €0.03m | €0.02m | €0.04m | €0.06m | €0.07m | €0.09m | ▲ 34.4% |
| Current assets29/58 | €0.3m | €0.4m | €0.8m | €1.1m | €2.9m | €3.7m | €4.4m | €10.4m | ▲ 136% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.2m | €0.6m | €1.7m | €2.4m | €2.5m | €4.3m | ▲ 75.8% |
| Stocks30/36 | - | - | - | €0.6m | €1.7m | €2.4m | €2.5m | €4.3m | ▲ 75.8% |
| Amounts receivable within one year40/41 | €0.07m | €0.1m | €0.2m | €0.3m | €0.7m | €0.9m | €1.6m | €3.1m | ▲ 91.5% |
| Trade receivables40 | - | - | - | €0.3m | €0.6m | €0.9m | €1.4m | €2.9m | ▲ 115% |
| Other amounts receivable41 | - | - | - | €0.006m | €0.08m | €0.02m | €0.3m | €0.2m | ▼ 20.2% |
| Cash at bank and in hand54/58 | €0.09m | €0.2m | €0.3m | €0.08m | €0.5m | €0.4m | €0.2m | €2.5m | ▲ 12× |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.009m | €0.05m | €0.06m | €0.4m | ▲ 578% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €1.6m | €2.9m | €4.0m | €7.9m | €9.9m | €12.2m | €17.9m | ▲ 46.2% |
| Equity10/15 | €0.02m | €0.2m | €0.3m | €0.3m | €1.9m | €2.0m | €2.2m | €2.6m | ▲ 15.0% |
| Contributions10/11 | €0.02m | €0.2m | - | €0.3m | €1.7m | €1.7m | €1.9m | €2.0m | ▲ 0.5% |
| Reserves13 | €0.004m | €0.004m | €0.03m | €0.05m | €0.2m | €0.3m | €0.3m | €0.6m | ▲ 108% |
| Distributable reserves133 | - | - | - | €0.05m | €0.2m | €0.3m | €0.3m | €0.6m | ▲ 108% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €0.04m | €0.02m | €0.01m | €0.004m | €0.002m | €0.001m | €306 | €90 | ▼ 70.6% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.004m | €0.002m | €0.001m | €306 | €90 | ▼ 70.6% |
| Other liabilities and charges164/5 | - | - | - | €0.004m | €0.002m | €0.001m | €306 | €90 | ▼ 70.6% |
| Amounts payable17/49 | €0.7m | €1.4m | €2.6m | €3.6m | €6.0m | €7.9m | €10.0m | €15.3m | ▲ 53.2% |
| Amounts payable after more than one year17 | €0.5m | €1.1m | €1.7m | €2.3m | €3.7m | €4.5m | €5.4m | €5.3m | ▼ 1.0% |
| Financial debts170/4 | - | - | - | €2.3m | €3.7m | €4.5m | €5.4m | €5.3m | ▼ 1.0% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.8m | €1.3m | €2.4m | €3.4m | €4.6m | €10.0m | ▲ 116% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.1m | €1.7m | €2.4m | €3.3m | €3.2m | ▼ 2.6% |
| Financial debts43 | - | - | - | - | - | - | - | €1.9m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €1.9m | - |
| Trade debts44 | €0.03m | - | €0.07m | €0.2m | €0.4m | €0.6m | €0.9m | €3.5m | ▲ 292% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.6m | €0.9m | €3.5m | ▲ 292% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.3m | €0.4m | €0.5m | €1.4m | ▲ 208% |
| Taxes450/3 | - | - | - | €0.04m | €0.1m | €0.2m | €0.2m | €0.9m | ▲ 334% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 101% |
| Other amounts payable47/48 | - | - | - | €0.005m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | €0.02m | €0.02m | €0.01m | ▼ 17.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €378 | €0.03m | €0.02m | €0.2m | €0.04m | €0.03m | €0.09m | ▲ 236% |
| + Depreciation and write-downs630 | €0.1m | €0.3m | €0.6m | €0.9m | €1.3m | €1.9m | €2.4m | €2.9m | ▲ 22.3% |
| Operating cash flow (approximation) | €0.1m | €0.3m | €0.6m | €0.9m | €1.5m | €2.0m | €2.4m | €3.0m | ▲ 24.7% |
| Investment in fixed assets (approximation) | - | -€0.9m | -€1.4m | -€1.7m | -€3.5m | -€3.0m | -€4.1m | -€2.6m | ▲ 36.6% |
| Change in cash | - | €0.08m | €0.2m | -€0.3m | €0.4m | -€0.1m | -€0.1m | €2.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 290 companies had the same profile as CYCLOBILITY has now. Two years later, 96.9% were still going and 0.0% had gone bankrupt.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
3.1%
stopped otherwise
0.0%
went bankrupt
The bankruptcy probability of CYCLOBILITY itself is higher: 0.8% within 12 months. It rests on far more data about CYCLOBILITY than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 290 companies, not a prediction for CYCLOBILITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00196667 | |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00268425 | |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00162719 | |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00137788 | |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20184162 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-28900102 | |
| 31-12-2019 | abbreviated format | 24-06-2020 | 2020-20100199 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22500468 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-29500085 |