CYCO
BankruptcySummary
The KBO register records for CYCO the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €523,839 and a net result of €113,851.
Are you a creditor?
Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-07-2023, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
19 d early
2021
17 d early
2020
22 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Wholesale of electrical equipment, including installation materials sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€523,839▲ 27.8%
2021 · €409,988
Total assets
€783,469▲ 17.5%
2021 · €666,560
Net result
€113,851▲ 31.2%
2021 · €86,774
Working capital
€613,728▲ 20.1%
2021 · €511,040
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
Line20182019202020212022
Operating result€61,984-€69,366▲ 11.9%€92,408▲ 33.2%€119,461▲ 29.3%€155,058▲ 29.8%
Net result€43,721-€48,634▲ 11.2%€67,069▲ 37.9%€86,774▲ 29.4%€113,851▲ 31.2%
Equity€207,511-€256,145▲ 23.4%€323,214▲ 26.2%€409,988▲ 26.8%€523,839▲ 27.8%
Total assets€412,748-€455,097▲ 10.3%€559,174▲ 22.9%€666,560▲ 19.2%€783,469▲ 17.5%
Debt€205,237-€198,952▼ 3.1%€235,960▲ 18.6%€256,572▲ 8.7%€259,630▲ 1.2%
Working capital€266,828-€359,703▲ 34.8%€424,001▲ 17.9%€511,040▲ 20.5%€613,728▲ 20.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 30% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €783,469
Fixed assets
€15,485 ▲ 271%
Current assets
€767,983 ▲ 15.9%
Equity and liabilities €783,469
Equity
€523,839 ▲ 27.8%
Debt
€259,630 ▲ 1.2%
Debt's share of the balance-sheet total falls from 38.5% to 33.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159,046▲
2021 · €119,761
Cash flow
€117,839▲
2021 · €87,074
Current ratio
4.98▲
2021 · 4.38
Debt to equity
0.50▼
2021 · 0.63
ROE
21.7%▲
2021 · 21.2%
ROA
14.5%▲
2021 · 13.0%
Interest coverage
43.56▲
2021 · 39.69
Debt ≤ 1 year
€154,256▲
2021 · €151,346
Debt > 1 year
€105,000=
2021 · €105,000
Income taxes
€38,556▲
2021 · €30,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,850 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,391 | - | €222 | €300 | €3,988 | ▲ 1,231% |
| Other operating charges640/8 | - | - | - | €8,196 | €6,226 | ▼ 24.0% |
| Gross operating margin9900 | €78,772 | €74,676 | €97,035 | €127,957 | €165,272 | ▲ 29.2% |
| Operating profit (loss)9901 | €61,984 | €69,366 | €92,408 | €119,461 | €155,058 | ▲ 29.8% |
| Financial income75/76B | - | - | - | €1,022 | €1,000 | ▼ 2.1% |
| Recurring financial income75 | €2,500 | €1,000 | €1,000 | €1,022 | €1,000 | ▼ 2.1% |
| Financial charges65/66B | - | - | - | €3,017 | €3,651 | ▲ 21.0% |
| Recurring financial charges65 | €4,123 | €5,016 | €3,083 | €3,017 | €3,651 | ▲ 21.0% |
| Profit (loss) for the period before taxes9903 | €60,361 | €65,350 | €90,326 | €117,466 | €152,407 | ▲ 29.7% |
| Income taxes67/77 | €16,641 | €16,715 | €23,257 | €30,691 | €38,556 | ▲ 25.6% |
| Profit (loss) for the period9904 | €43,721 | €48,634 | €67,069 | €86,774 | €113,851 | ▲ 31.2% |
| Profit (loss) for the period to be appropriated9905 | €43,721 | €48,634 | €67,069 | €86,774 | €113,851 | ▲ 31.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,748 | €455,097 | €559,174 | €666,560 | €783,469 | ▲ 17.5% |
| Fixed assets21/28 | €3,797 | €3,797 | €4,474 | €4,174 | €15,485 | ▲ 271% |
| Tangible fixed assets22/27 | €3,797 | €3,797 | €4,474 | €4,174 | €15,485 | ▲ 271% |
| Furniture and vehicles24 | - | - | - | €4,174 | €15,485 | ▲ 271% |
| Current assets29/58 | €408,951 | €451,301 | €554,700 | €662,386 | €767,983 | ▲ 15.9% |
| Amounts receivable after more than one year29 | - | - | - | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | - | €100,000 | €100,000 | = |
| Amounts receivable within one year40/41 | €285,307 | €327,794 | €430,193 | €537,879 | €643,476 | ▲ 19.6% |
| Other amounts receivable41 | - | - | - | €537,879 | €643,476 | ▲ 19.6% |
| Cash at bank and in hand54/58 | €9,997 | €10,007 | €10,007 | €10,007 | €10,007 | = |
| Deferred charges and accrued income490/1 | - | - | - | €14,500 | €14,500 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,748 | €455,097 | €559,174 | €666,560 | €783,469 | ▲ 17.5% |
| Equity10/15 | €207,511 | €256,145 | €323,214 | €409,988 | €523,839 | ▲ 27.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €188,911 | €237,545 | €304,614 | €391,388 | €505,239 | ▲ 29.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €389,528 | €503,379 | ▲ 29.2% |
| Amounts payable17/49 | €205,237 | €198,952 | €235,960 | €256,572 | €259,630 | ▲ 1.2% |
| Amounts payable after more than one year17 | €62,781 | €106,967 | €105,000 | €105,000 | €105,000 | = |
| Advances received on contracts in progress176 | - | - | - | €55,000 | €55,000 | = |
| Other amounts payable178/9 | - | - | - | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €142,123 | €91,598 | €130,700 | €151,346 | €154,256 | ▲ 1.9% |
| Financial debts43 | - | - | - | €18,749 | €13,084 | ▼ 30.2% |
| Credit institutions430/8 | - | - | - | €18,749 | €13,084 | ▼ 30.2% |
| Trade debts44 | €44,433 | €30,347 | €48,619 | €56,020 | €60,621 | ▲ 8.2% |
| Suppliers440/4 | - | - | - | €56,020 | €60,621 | ▲ 8.2% |
| Taxes, remuneration and social security45 | - | - | - | €76,576 | €80,550 | ▲ 5.2% |
| Taxes450/3 | - | - | - | €76,576 | €80,550 | ▲ 5.2% |
| Accrued charges and deferred income492/3 | - | - | - | €226 | €375 | ▲ 65.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,721 | €48,634 | €67,069 | €86,774 | €113,851 | ▲ 31.2% |
| + Depreciation and write-downs630 | €6,391 | - | €222 | €300 | €3,988 | ▲ 1,231% |
| Operating cash flow (approximation) | €50,112 | €48,634 | €67,291 | €87,074 | €117,839 | ▲ 35.3% |
| Investment in fixed assets (approximation) | - | €0 | -€899 | €0 | -€15,300 | - |
| Change in cash | - | €10 | €0 | €0 | €0 | - |
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
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €113,851 ▲31.2%
Operating result €155,058, net result €113,851, both a record.
31-12
Financial
Equity above €500,000Eq €523,839 ▲27.8%
5 profitable years in a row build equity to €523,839.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wortegem-Petegem · 1 establishment unit since 1989
Ground area
1,976 m²
Building footprint
138 m²
Volume, LiDAR
825 m³
Parcel 45055C0357/00B000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat (W.) 1, 9790 Wortegem-Petegem
since 19892.042.504.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055C0357/00B000 | Flanders | 1,976 m² | 1 · 138 m² | 8.2 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.
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 718 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
Founded25-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
47241Retail sale of bread and pastry (bakery outlets)
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.