CYCLOON
ActiveSummary
CYCLOON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,837 and a net result of €30,859. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 3728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+9
Solvency33▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.17 in 2024; short-term debt: 86.7% and cash: 7.6% of total assets), and 91.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
8.3%
Return on assets
15.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
29 d late
2022
41 d early
2021
30 d late
2020
79 d late
2019
210 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 52 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€16,837
2024 · -€14,023
Total assets
€203,903▲ 11.2%
2024 · €183,410
Net result
€30,859▲ 115%
2024 · €14,331
Working capital
-€127,081▲ 15.9%
2024 · -€151,077
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€72,745▲ 333%-€16,822-€7,448▲ 55.7%€18,075€33,028▲ 82.7%
Net result€70,660▲ 385%-€17,506-€8,931▲ 49.0%€14,331€30,859▲ 115%
Equity-€3,391▲ 95.4%-€20,897▼ 516%-€28,354▼ 35.7%-€14,023▲ 50.5%€16,837
Total assets€192,589▲ 16.9%€176,153▼ 8.5%€180,319▲ 2.4%€183,410▲ 1.7%€203,903▲ 11.2%
Debt€195,980▼ 17.9%€197,050▲ 0.5%€208,673▲ 5.9%€197,433▼ 5.4%€187,066▼ 5.3%
Working capital-€137,501▲ 33.3%-€168,107▼ 22.3%-€173,958▼ 3.5%-€151,077▲ 13.2%-€127,081▲ 15.9%
Staff (FTE)1.7▼ 10.5%1.9▲ 11.8%1.7▼ 10.5%1.7=2▲ 17.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 83% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203,903
Fixed assets
€154,221 ▲ 1.4%
Current assets
€49,682 ▲ 59.0%
Equity and liabilities €203,903
Equity
€16,837
Debt
€187,066
Debt finances 91.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€53,581▲
2024 · €39,518
Cash flow
€51,411▲
2024 · €35,775
Current ratio
0.28▲
2024 · 0.17
Quick ratio
0.26▲
2024 · 0.15
Debt to equity
11.11▲
2024 · -14.08
ROE
183.3%
ROA
15.1%▲
2024 · 7.8%
Interest coverage
23.01▲
2024 · 10.81
Debt ≤ 1 year
€176,763▼
2024 · €182,324
Debt > 1 year
€10,303▼
2024 · €15,109
Income taxes
€351▲
2024 · €123
Staff costs
€116,649▲
2024 · €105,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €56,842 | €112,999 | €110,714 | €105,380 | €116,649 | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,201 | €14,376 | €15,994 | €21,443 | €20,552 | ▼ 4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,076 | €0 | - | - | - | - |
| Other operating charges640/8 | €11,750 | €12,933 | €17,955 | €16,233 | €16,076 | ▼ 1.0% |
| Gross operating margin9900 | €154,614 | €123,486 | €137,215 | €161,132 | €186,305 | ▲ 15.6% |
| Operating profit (loss)9901 | €72,745 | -€16,822 | -€7,448 | €18,075 | €33,028 | ▲ 82.7% |
| Financial income75/76B | €34 | €336 | €32 | €35 | €511 | ▲ 1,351% |
| Recurring financial income75 | €34 | €336 | €32 | €35 | €511 | ▲ 1,351% |
| Financial charges65/66B | €2,118 | €1,019 | €1,515 | €3,656 | €2,329 | ▼ 36.3% |
| Recurring financial charges65 | €2,118 | €1,019 | €1,515 | €3,656 | €2,329 | ▼ 36.3% |
| Profit (loss) for the period before taxes9903 | €70,660 | -€17,506 | -€8,931 | €14,454 | €31,211 | ▲ 116% |
| Income taxes67/77 | - | - | - | €123 | €351 | ▲ 186% |
| Profit (loss) for the period9904 | €70,660 | -€17,506 | -€8,931 | €14,331 | €30,859 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €70,660 | -€17,506 | -€8,931 | €14,331 | €30,859 | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €192,589 | €176,153 | €180,319 | €183,410 | €203,903 | ▲ 11.2% |
| Fixed assets21/28 | €135,099 | €147,210 | €145,604 | €152,164 | €154,221 | ▲ 1.4% |
| Tangible fixed assets22/27 | €131,554 | €147,210 | €145,604 | €152,164 | €154,221 | ▲ 1.4% |
| Land and buildings22 | €116,538 | €133,311 | €130,385 | €119,737 | €115,075 | ▼ 3.9% |
| Plant, machinery and equipment23 | €7,304 | €7,582 | €5,520 | €3,459 | €3,360 | ▼ 2.9% |
| Furniture and vehicles24 | €7,711 | €6,318 | €9,699 | €6,566 | €18,984 | ▲ 189% |
| Leasing and similar rights25 | - | - | - | €22,402 | €16,802 | ▼ 25.0% |
| Financial fixed assets28 | €3,546 | €0 | - | - | - | - |
| Current assets29/58 | €57,489 | €28,943 | €34,715 | €31,247 | €49,682 | ▲ 59.0% |
| Stocks and contracts in progress3 | €5,292 | €1,133 | €4,985 | €4,659 | €4,302 | ▼ 7.7% |
| Stocks30/36 | €5,292 | €1,133 | €4,985 | €4,659 | €4,302 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €25,305 | €21,625 | €24,614 | €19,867 | €24,094 | ▲ 21.3% |
| Trade receivables40 | €25,160 | €21,601 | €24,352 | €19,431 | €24,007 | ▲ 23.5% |
| Other amounts receivable41 | €145 | €24 | €262 | €436 | €87 | ▼ 80.0% |
| Cash at bank and in hand54/58 | €26,892 | €4,677 | €5,001 | €6,606 | €15,580 | ▲ 136% |
| Deferred charges and accrued income490/1 | - | €1,508 | €115 | €115 | €5,706 | ▲ 4,877% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €192,589 | €176,153 | €180,319 | €183,410 | €203,903 | ▲ 11.2% |
| Equity10/15 | -€3,391 | -€20,897 | -€28,354 | -€14,023 | €16,837 | ▲ 220% |
| Contributions10/11 | €173,525 | €173,525 | €175,000 | €175,000 | €175,000 | = |
| Capital10 | €173,525 | €173,525 | €175,000 | €175,000 | €175,000 | = |
| Issued capital100 | €173,525 | €173,525 | €175,000 | €175,000 | €175,000 | = |
| Reserves13 | €3,910 | €3,910 | €3,910 | €3,910 | €3,910 | = |
| Non-distributable reserves130/1 | €21 | €21 | €21 | €21 | €21 | = |
| Legal reserve130 | €21 | €21 | €21 | €21 | €21 | = |
| Distributable reserves133 | €3,889 | €3,889 | €3,889 | €3,889 | €3,889 | = |
| Profit (loss) carried forward14 | -€180,827 | -€198,333 | -€207,264 | -€192,933 | -€162,074 | ▲ 16.0% |
| Amounts payable17/49 | €195,980 | €197,050 | €208,673 | €197,433 | €187,066 | ▼ 5.3% |
| Amounts payable after more than one year17 | - | - | - | €15,109 | €10,303 | ▼ 31.8% |
| Financial debts170/4 | - | - | - | €15,109 | €10,303 | ▼ 31.8% |
| Amounts payable within one year42/48 | €194,990 | €197,050 | €208,673 | €182,324 | €176,763 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €1,361 | €0 | - | €4,589 | €4,806 | ▲ 4.7% |
| Financial debts43 | - | €2,772 | €9,159 | €0 | - | - |
| Credit institutions430/8 | - | €2,772 | €9,159 | €0 | - | - |
| Trade debts44 | €6,263 | €23,108 | €23,694 | €18,727 | €19,444 | ▲ 3.8% |
| Suppliers440/4 | €6,263 | €23,108 | €23,694 | €18,727 | €19,444 | ▲ 3.8% |
| Taxes, remuneration and social security45 | €19,906 | €15,150 | €26,968 | €19,177 | €19,264 | ▲ 0.5% |
| Taxes450/3 | €10,134 | €830 | €10,947 | €7,864 | €4,587 | ▼ 41.7% |
| Remuneration and social security454/9 | €9,772 | €14,320 | €16,021 | €11,313 | €14,677 | ▲ 29.7% |
| Other amounts payable47/48 | €167,461 | €156,021 | €148,852 | €139,831 | €133,249 | ▼ 4.7% |
| Accrued charges and deferred income492/3 | €990 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,660 | -€17,506 | -€8,931 | €14,331 | €30,859 | ▲ 115% |
| + Depreciation and write-downs630 | €12,201 | €14,376 | €15,994 | €21,443 | €20,552 | ▼ 4.2% |
| Operating cash flow (approximation) | €82,860 | -€3,129 | €7,063 | €35,775 | €51,411 | ▲ 43.7% |
| Investment in fixed assets (approximation) | - | -€26,487 | -€14,388 | -€28,003 | -€22,610 | ▲ 19.3% |
| Change in cash | - | -€22,215 | €324 | €1,605 | €8,974 | ▲ 459% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €14,331
Net result €14,331 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€17,506
Net result drops to -€17,506, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €70,660 ▲385%
Operating result €72,745, net result €70,660, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 79 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 210 days late
2020
31-12
Financial
Back to profitnet €14,557
Net result €14,557 after 2 loss-making years.
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 505 days late
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 107 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ledegem · 1 establishment unit since 1994
Ground area
6,363 m²
Building footprint
986 m²
Volume, LiDAR
6,211 m³
Parcel 36010C0588/00S000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CYCLOON
since 19942.067.290.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0588/00S000 | Flanders | 6,363 m² | 1 · 986 m² | 11.3 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
Food safety, FASFC
1 siteLedegem2.067.290.823
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 8,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.