FIETSEN MB
ActiveFIETSEN MB has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €-32k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-80
Solvency99▲+20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 4.28 against 2.27 in 2024; short-term debt: 20.8% and cash: 5.2% of total assets), and 26% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
21 d late
2023
5 d early
2022
30 d late
2021
12 d early
2020
17 d early
2019
31 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€174k▼ 15.4%
2024 · €206k
2018: €55k
2019: €81k
2020: €113k
2021: €129k
2022: €175k
2023: €167k
2024: €206k
2018 → 2025
Total assets
€235k▼ 38.0%
2024 · €380k
2018: €165k
2019: €175k
2020: €205k
2021: €323k
2022: €327k
2023: €445k
2024: €380k
2018 → 2025
Net result
€-32k
2024 · €39k
2018: €4k
2019: €26k
2020: €32k
2021: €16k
2022: €45k
2023: €-8k
2024: €39k
2018 → 2025
Working capital
€161k▼ 19.1%
2024 · €199k
2018: €55k
2019: €90k
2020: €127k
2021: €143k
2022: €186k
2023: €170k
2024: €199k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€175k▲ 35.0%€167k▼ 4.4%€206k▲ 23.5%€174k▼ 15.4%
Operating result€25k-€72k▲ 193%€-4k€68k€-25k
Net result€16k-€45k▲ 176%€-8k€39k€-32k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €68k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€26k▲ 2.9%
Current assets
€210k▼ 40.9%
Equity and liabilities €235k
Equity
€174k▼ 15.4%
Debt
€61k▼ 64.8%
The debt ratio falls from 45.7% to 26.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2024 · €77k
Cash flow
€-23k▼
2024 · €48k
Solvency
74.0%▲
2024 · 54.3%
Current ratio
4.28▲
2024 · 2.27
Quick ratio
0.57▲
2024 · 0.15
Debt / equity
0.35▼
2024 · 0.84
ROE
-18.3%▼
2024 · 19.0%
ROA
-13.5%▼
2024 · 10.3%
Interest coverage
-1.61▼
2024 · 6.56
Debt
€61k▼
2024 · €174k
Debt ≤ 1 year
€49k▼
2024 · €156k
Debt > 1 year
€12k▼
2024 · €17k
Income taxes
€284▼
2024 · €20k
Staff costs
€79k▲
2024 · €51k
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€380k€235k▼
Fixed assets21/28€25k€26k▲
Tangible fixed assets22/27€24k€24k▲
Plant, machinery and equipment23€382€5k▲
Furniture and vehicles24€0€3k▲
Leasing and similar rights25€22k€16k▼
Other tangible fixed assets26€1k€0▼
Financial fixed assets28€2k€2k=
Current assets29/58€355k€210k▼
Stocks and contracts in progress3€332k€181k▼
Stocks30/36€332k€181k▼
Amounts receivable within one year40/41€18k€15k▼
Trade receivables40€7k€12k▲
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€3k€12k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€380k€235k▼
Equity10/15€206k€174k▼
Contributions10/11€6k€6k=
Reserves13€200k€174k▼
Distributable reserves133€200k€174k▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€174k€61k▼
Amounts payable after more than one year17€17k€12k▼
Financial debts170/4€17k€12k▼
Amounts payable within one year42/48€156k€49k▼
Current portion of amounts payable after more than one year42€80k€5k▼
Financial debts43€15k-
Credit institutions430/8€15k-
Trade debts44€32k€2k▼
Suppliers440/4€32k€2k▼
Taxes, remuneration and social security45€26k€42k▲
Taxes450/3€20k€26k▲
Remuneration and social security454/9€6k€15k▲
Other amounts payable47/48€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€51k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€129k€64k▼
Operating profit (loss)9901€68k€-25k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€59k€-32k▼
Income taxes67/77€20k€284▼
Profit (loss) for the period9904€39k€-32k▼
Profit (loss) for the period to be appropriated9905€39k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€-32k▼
Transfer from equity791/2-€26k
Transfer to equity691/2€39k-
To other reserves6921€39k-
The notes to these accounts (9 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet €-32k ▼181%
Net result drops to €-32k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Equity above €200kEq €206k ▲23.5%
Equity rises from €167k to €206k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €45k ▲176%
Operating result €72k, net result €45k, both a record.
31-12
Financial
Equity above €150kEq €175k ▲35%
5 profitable years in a row build equity to €175k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €113k ▲39%
3 profitable years in a row build equity to €113k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mortsel · 1 establishment unit since 2015
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.
Deurnestraat 152640 MortselGround area
143 m²
Building footprint
99 m²
Volume, LiDAR
882 m³
Parcel 11029A0078/00R004, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FIETSEN MB
since 20152.243.010.875
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0078/00R004 | Flanders | 143 m² | 1 · 99 m² | 13.1 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.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsFietshersteller (vwo)
Fietshersteller duaal (so)
Similar companies · same sector, comparable size
FD BIKES
BE 0829.543.109
Brecht · Eq €174k
Fietsen Geert
BE 0764.635.063
Lede · Eq €175k
SDL-Services
BE 0840.246.761
Huldenberg · Eq €176k
BIKELIFE
BE 0642.870.765
Beersel · Eq €173k
JOMI TRADING
BE 0889.893.539
Sint-Truiden · Eq €171k
Of 1,467 companies in sector 47632 we hold annual accounts for 732. 639 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2015
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
95319Other maintenance and repair of motor vehicles
45402
46423Wholesale of clothing, excluding workwear and underwear
46496Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.