ESPACE CYCLES
ActiveESPACE CYCLES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245k and a net result of €-99k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 51% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency69▼-23
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity tight (current ratio 1.45 against 1.82 in 2024), and 62.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€99k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
22 d late
2022
20 d early
2021
13 d early
2020
3 d late
2019
on the day
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-99k▲ 57.9%
2024 · €-236k
2018: €35k
2019: €74k
2020: €162k
2021: €181k
2022: €3k
2023: €-142k
2024: €-236k
2018 → 2025
Working capital
€179k▼ 29.8%
2024 · €255k
2018: €295k
2019: €382k
2020: €531k
2021: €713k
2022: €714k
2023: €524k
2024: €255k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€720k-€723k▲ 0.4%€581k▼ 19.6%€345k▼ 40.7%€245k▼ 28.8%
Operating result€220k-€3k▼ 98.5%€-142k€-235k▼ 65.9%€-105k▲ 55.5%
Net result€181k-€3k▼ 98.3%€-142k€-236k▼ 66.6%€-99k▲ 57.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €105k in 2025 against €235k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €647k
Fixed assets
€66k▼ 26.1%
Current assets
€581k▲ 2.4%
Equity and liabilities €647k
Equity
€245k▼ 28.8%
Debt
€402k▲ 28.7%
The debt ratio rises from 47.5% to 62.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-92k▲
2024 · €-217k
Cash flow
€-87k▲
2024 · €-218k
Solvency
37.9%▼
2024 · 52.5%
Current ratio
1.45▼
2024 · 1.82
Quick ratio
0.17▼
2024 · 0.21
Debt / equity
1.64▲
2024 · 0.90
ROE
-40.5%▲
2024 · -68.5%
ROA
-15.4%▲
2024 · -36.0%
Interest coverage
-24.96▲
2024 · -27.20
Debt
€402k▲
2024 · €312k
Debt ≤ 1 year
€402k▲
2024 · €312k
Income taxes
€69▼
2024 · €696
Staff costs
€239k▼
2024 · €273k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€657k€647k▼
Fixed assets21/28€89k€66k▼
Intangible fixed assets21€567€275▼
Tangible fixed assets22/27€88k€65k▼
Land and buildings22€35k€33k▼
Plant, machinery and equipment23€34k€28k▼
Furniture and vehicles24€6k€5k▼
Leasing and similar rights25€13k-
Financial fixed assets28€436€436=
Current assets29/58€568k€581k▲
Stocks and contracts in progress3€503k€513k▲
Stocks30/36€503k€513k▲
Amounts receivable within one year40/41€12k€27k▲
Trade receivables40€12k€27k▲
Other amounts receivable41€386€386=
Cash at bank and in hand54/58€44k€37k▼
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€657k€647k▼
Equity10/15€345k€245k▼
Contributions10/11€145k€145k=
Revaluation surpluses12€12k€8k▼
Reserves13€57k€61k▲
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€43k€46k▲
Profit (loss) carried forward14€131k€31k▼
Amounts payable17/49€312k€402k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€312k€402k▲
Current portion of amounts payable after more than one year42€6k-
Financial debts43€0€50k▲
Other loans439€0€50k▲
Trade debts44€52k€17k▼
Suppliers440/4€52k€17k▼
Advances received on contracts in progress46€27k€28k▲
Taxes, remuneration and social security45€61k€57k▼
Taxes450/3€17k€13k▼
Remuneration and social security454/9€44k€44k▲
Other amounts payable47/48€166k€249k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€265
Remuneration, social security and pensions62€273k€239k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€12k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€10k€20k▲
Non-recurring operating charges66A€369-
Gross operating margin9900€67k€167k▲
Operating profit (loss)9901€-235k€-105k▲
Financial income75/76B€7k€9k▲
Recurring financial income75€7k€9k▲
Financial charges65/66B€8k€4k▼
Recurring financial charges65€8k€4k▼
Profit (loss) for the period before taxes9903€-236k€-99k▲
Income taxes67/77€696€69▼
Profit (loss) for the period9904€-236k€-99k▲
Profit (loss) for the period to be appropriated9905€-236k€-99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€31k▼
Profit (loss) brought forward from the previous period14P€367k€131k▼
Social balance
Average headcount (FTE)90874.84.0▼
The notes to these accounts (13 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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-236k
Net result drops to €-236k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €181k ▲11.9%
Operating result €220k, net result €181k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Equity above €500kEq €539k ▲42.8%
3 profitable years in a row build equity to €539k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Etalle · 1 establishment unit since 1998
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.
Rue du Moulin 856740 EtalleGround area
917 m²
Building footprint
418 m²
Parcel 85009C1680/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Moulin 85, 6740 Etalle
since 19982.089.724.448
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85009C1680/00K000 | Wallonia | 917 m² | 1 · 418 m² | - |
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
BIKE SERVICE PIETERS
BE 0432.109.165
Dendermonde · Eq €244k
B-CYCLING
BE 0756.651.072
Harelbeke · Eq €247k
BOSCH SPORT
BE 0807.378.411
Kontich · Eq €243k
FIETSEN MARKOEN
BE 0480.090.216
Destelbergen · Eq €243k
INNOVATIVECYCLING
BE 0673.506.137
Hamont-Achel · Eq €243k
Of 1,451 companies in sector 47632 we hold annual accounts for 721. 617 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-1998
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
52492
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.