Summary
Elcyclo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €43k and a net result of €32k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 8023 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
on the day
2022
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€43k▼ 29.8%
2024 · €62k
2022: €27k
2023: €43k
2024: €62k
2022 → 2025
Net result
€32k▲ 72.9%
2024 · €18k
2022: €24k
2023: €17k
2024: €18k
2022 → 2025
Total assets
€81k▲ 10.6%
2024 · €73k
2022: €45k
2023: €59k
2024: €73k
2022 → 2025
Solvency
53.7%▼ 30.8pp
2024 · 84.5%
2022: 58.4%
2023: 73.1%
2024: 84.5%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€27k-€43k▲ 62.7%€62k▲ 42.4%€43k▼ 29.8%
Operating result€34k-€24k▼ 28.2%€24k▲ 0.1%€41k▲ 67.7%
Net result€24k-€17k▼ 30.8%€18k▲ 9.9%€32k▲ 72.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 68% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€4k ▼ 27.2%
Current assets
€77k ▲ 13.3%
Equity and liabilities €81k
Equity
€43k ▼ 29.8%
Debt
€37k ▲ 231%
Debt's share of the balance-sheet total rises from 15.5% to 46.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
73.2%▲
2024 · 29.8%
ROA
39.3%▲
2024 · 25.2%
Debt ≤ 1 year
€37k▲
2024 · €11k
Income taxes
€9k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€73k€81k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€68k€77k▲
Amounts receivable within one year40/41€10k€11k▲
Trade receivables40€10k€11k▲
Current investments50/53-€12k
Cash at bank and in hand54/58€52k€49k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€73k€81k▲
Equity10/15€62k€43k▼
Contributions10/11€3k€3k=
Reserves13€59k€41k▼
Distributable reserves133€59k€41k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€11k€37k▲
Amounts payable within one year42/48€11k€37k▲
Trade debts44€3k€917▼
Suppliers440/4€3k€917▼
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€376€32k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€571€994▲
Gross operating margin9900€27k€44k▲
Operating profit (loss)9901€24k€41k▲
Financial income75/76B€0€11▲
Recurring financial income75€0€11▲
Financial charges65/66B€987€727▼
Recurring financial charges65€987€727▼
Profit (loss) for the period before taxes9903€24k€40k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€18k€32k▲
Profit (loss) for the period to be appropriated9905€18k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€32k▲
Transfer from equity791/2-€18k
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €32k ▲72.9%
Operating result €41k, net result €32k, both a record.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €17k ▼30.8%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wingene · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pastoor Termotestraat 158750 WingeneGround area
750 m²
Building footprint
129 m²
Volume, LiDAR
849 m³
Parcel 37018D1799/02T002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Elcyclo
since 20212.314.775.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D1799/02T002 | Flanders | 750 m² | 1 · 129 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WMS CL
BE 0821.367.591
Schoten · Eq €43,237
DEN ZAVELPUT
BE 0543.772.793
Ronse · Eq €43,270
EZS
BE 0690.647.918
Gent · Eq €43,276
CYBERCONNECT
BE 1011.475.814
Olen · Eq €43,277
Virtuo Management
BE 0800.556.935
Thimister-Clermont · Eq €43,217
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 9,964 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2021
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.