Het Fietslab
Judicial reorganisationThe file of Het Fietslab contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €213k and a net result of €18k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 10289 sector peers (fiscal year 2025).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+21
Solvency36▲+1
Growth52=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.07 against 1.07 in 2024; short-term debt: 56.2% and cash: 3.3% of total assets), and 89% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 10289 sector peers (2025).
NBB · sector comparisonPosition among 10289 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
69 d early
2022
185 d late
2021
142 d late
2020
30 d late
2019
90 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€213k▲ 9.5%
2024 · €195k
2019: €96k
2020: €170k
2021: €205k
2022: €268k
2023: €280k
2024: €195k
2019 → 2025
Total assets
€1.94M▲ 1.0%
2024 · €1.92M
2019: €442k
2020: €669k
2021: €1.41M
2022: €1.68M
2023: €2.30M
2024: €1.92M
2019 → 2025
Net result
€18k
2024 · €-85k
2019: €76k
2020: €74k
2021: €35k
2022: €64k
2023: €12k
2024: €-85k
2019 → 2025
Working capital
€81k▲ 14.5%
2024 · €71k
2019: €255k
2020: €259k
2021: €85k
2022: €154k
2023: €189k
2024: €71k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€205k-€268k▲ 31.1%€280k▲ 4.4%€195k▼ 30.4%€213k▲ 9.5%
Operating result€54k-€126k▲ 132%€63k▼ 49.8%€-39k€101k
Net result€35k-€64k▲ 81.9%€12k▼ 81.6%€-85k€18k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €101k after a loss of €39k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€768k▼ 5.9%
Current assets
€1.17M▲ 6.0%
Equity and liabilities €1.94M
Equity
€213k▲ 9.5%
Debt
€1.73M=
The debt ratio falls from 89.9% to 89.0%. Equity is higher.
Key figures and ratios
EBITDA
€149k▲
2024 · €5k
Cash flow
€66k▲
2024 · €-41k
Solvency
11.0%▲
2024 · 10.1%
Current ratio
1.07▲
2024 · 1.07
Quick ratio
0.16▲
2024 · 0.10
Debt / equity
8.11▼
2024 · 8.87
ROE
8.7%▲
2024 · -43.8%
ROA
1.0%▲
2024 · -4.4%
Interest coverage
1.78▲
2024 · 0.09
Debt
€1.73M=
2024 · €1.73M
Debt ≤ 1 year
€1.09M▲
2024 · €1.04M
Debt > 1 year
€633k▼
2024 · €691k
Income taxes
€16k▲
2024 · €879
Staff costs
€519k▼
2024 · €601k
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€1.92M€1.94M▲
Fixed assets21/28€816k€768k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€788k€743k▼
Land and buildings22€674k€655k▼
Plant, machinery and equipment23€76k€56k▼
Furniture and vehicles24€39k€32k▼
Financial fixed assets28€22k€22k=
Current assets29/58€1.11M€1.17M▲
Stocks and contracts in progress3€1.01M€1.00M▼
Stocks30/36€1.01M€1.00M▼
Amounts receivable within one year40/41€59k€99k▲
Trade receivables40€59k€99k▲
Other amounts receivable41€170€170=
Cash at bank and in hand54/58€31k€65k▲
Deferred charges and accrued income490/1€10k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.92M€1.94M▲
Equity10/15€195k€213k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€175k€193k▲
Amounts payable17/49€1.73M€1.73M=
Amounts payable after more than one year17€691k€633k▼
Financial debts170/4€691k€633k▼
Amounts payable within one year42/48€1.04M€1.09M▲
Current portion of amounts payable after more than one year42€85k€95k▲
Financial debts43€294k€302k▲
Credit institutions430/8€294k€302k▲
Trade debts44€105k€68k▼
Suppliers440/4€105k€68k▼
Taxes, remuneration and social security45€519k€593k▲
Taxes450/3€387k€470k▲
Remuneration and social security454/9€133k€123k▼
Other amounts payable47/48€32k€34k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€601k€519k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€48k▲
Other operating charges640/8€43k€30k▼
Gross operating margin9900€648k€698k▲
Operating profit (loss)9901€-39k€101k▲
Financial income75/76B€8k€17k▲
Recurring financial income75€8k€17k▲
Financial charges65/66B€54k€84k▲
Recurring financial charges65€54k€84k▲
Profit (loss) for the period before taxes9903€-84k€35k▲
Income taxes67/77€879€16k▲
Profit (loss) for the period9904€-85k€18k▲
Profit (loss) for the period to be appropriated9905€-85k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€175k€193k▲
Profit (loss) brought forward from the previous period14P€260k€175k▼
Social balance
Average headcount (FTE)908711.29.4▼
The notes to these accounts (18 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €200kEq €213k ▲9.5%
Equity rises from €195k to €213k.
01-09
Judicial reorganisation
Opening
Ondernemingsrechtbank Leuven · amiable · event 26-08-2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-85k ▼829%
Net result drops to €-85k, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 185 days late
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
2021
31-12
Financial
Equity above €200kEq €205k ▲20.6%
3 profitable years in a row build equity to €205k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €170k ▲77.4%
2 profitable years in a row build equity to €170k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
SignalFinancial 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, Leuven · 2 establishment units since 2018
Ground area
5,848 m²
Building footprint
2,179 m²
Volume, LiDAR
4,355 m³
2 parcels, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Sint-Maartenstraat 20a, 3000 Leuven
since 20182.280.131.488
Fietslab servicecenter
since 20202.300.833.268
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0075/00R000 | Flanders | 5,432 m² | 1 · 1,763 m² | - |
| 24062A0888/00C002 | Flanders | 416 m² | 1 · 416 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 30,593 EUR awarded · 30,593 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 21,932 EUR | 21,932 EUR |
| 2024 | 2 | 8,511 EUR | 8,511 EUR |
| 2022 | 1 | 150 EUR | 150 EUR |
Schemes
Individueel Maatwerk
Subsidies jeugdhulp
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,467 companies in sector 47632 we hold annual accounts for 733. 636 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-2018
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
45401
45402
46730Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.