Hulzebos Cycle World
ActiveHulzebos Cycle World has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.32M and a net result of €65k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 10.11 against 33.82 in 2024; short-term debt: 1.3% and cash: 4.7% of total assets), and 1.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.7%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
29 d late
2023
2 d late
2022
16 d late
2021
16 d late
2020
12 d late
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.32M▲ 0.9%
2024 · €3.29M
2018: €2.89M
2019: €2.90M
2020: €2.91M
2021: €3.25M
2022: €3.26M
2023: €3.27M
2024: €3.29M
2018 → 2025
Total assets
€3.36M▲ 1.9%
2024 · €3.30M
2018: €3.23M
2019: €3.25M
2020: €3.90M
2021: €3.35M
2022: €3.37M
2023: €3.27M
2024: €3.30M
2018 → 2025
Net result
€65k▲ 184%
2024 · €23k
2018: €9k
2019: €14k
2020: €3k
2021: €3.14M
2022: €11k
2023: €3k
2024: €23k
2018 → 2025
Working capital
€409k▲ 6.3%
2024 · €385k
2018: €325k
2019: €334k
2020: €982k
2021: €344k
2022: €356k
2023: €361k
2024: €385k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.25M-€3.26M▲ 0.3%€3.27M▲ 0.1%€3.29M▲ 0.7%€3.32M▲ 0.9%
Operating result€15k-€8k▼ 50.2%€-4k€28k€91k▲ 222%
Net result€3.14M-€11k▼ 99.6%€3k▼ 76.4%€23k▲ 776%€65k▲ 184%
Turnover and EBIT margin not published: the abbreviated 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 222% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.36M
Fixed assets
€2.91M▲ 0.1%
Current assets
€454k▲ 14.5%
Equity and liabilities €3.36M
Equity
€3.32M▲ 0.9%
Debt
€45k▲ 283%
The debt ratio rises from 0.4% to 1.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▲
2024 · €30k
Cash flow
€66k▲
2024 · €24k
Solvency
98.7%▼
2024 · 99.6%
Current ratio
10.11▼
2024 · 33.82
Quick ratio
10.11▼
2024 · 33.50
Debt / equity
0.01▲
2024 · 0.00
ROE
2.0%▲
2024 · 0.7%
ROA
1.9%▲
2024 · 0.7%
Interest coverage
18.33▲
2024 · 8.33
Debt
€45k▲
2024 · €12k
Debt ≤ 1 year
€45k▲
2024 · €12k
Income taxes
€33k▲
2024 · €12k
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€3.30M€3.36M▲
Fixed assets21/28€2.90M€2.91M▲
Tangible fixed assets22/27€3k€7k▲
Furniture and vehicles24€3k€7k▲
Financial fixed assets28€2.90M€2.90M=
Current assets29/58€397k€454k▲
Amounts receivable after more than one year29€298k€283k▼
Other amounts receivable291€298k€283k▼
Stocks and contracts in progress3€4k€0▼
Stocks30/36€4k€0▼
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€14k€12k▼
Other amounts receivable41€201€275▲
Cash at bank and in hand54/58€81k€159k▲
Equity and liabilities
Total equity and liabilities10/49€3.30M€3.36M▲
Equity10/15€3.29M€3.32M▲
Contributions10/11€19k€19k=
Reserves13€1.08M€1.11M▲
Distributable reserves133€1.08M€1.11M▲
Profit (loss) carried forward14€2.19M€2.19M=
Amounts payable17/49€12k€45k▲
Amounts payable within one year42/48€12k€45k▲
Taxes, remuneration and social security45€12k€33k▲
Taxes450/3€12k€33k▲
Other amounts payable47/48-€12k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€611▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€31k€93k▲
Operating profit (loss)9901€28k€91k▲
Financial income75/76B€10k€12k▲
Recurring financial income75€10k€12k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€35k€98k▲
Income taxes67/77€12k€33k▲
Profit (loss) for the period9904€23k€65k▲
Profit (loss) for the period to be appropriated9905€23k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.21M€2.25M▲
Profit (loss) brought forward from the previous period14P€2.19M€2.19M=
Transfer from equity791/2-€37k
Transfer to equity691/2€23k€65k▲
To other reserves6921€23k€65k▲
Profit to be distributed694/7-€37k
Return on contributions (dividend)694-€37k
The notes to these accounts (11 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼76.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 13current ratio 57.06
Current ratio from 4.30 to 57.06; short-term debt falls from €108k to €6k.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €3.14M ▲99882%
Net result €3.14M, the highest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 104.07
Current ratio from 25.16 to 104.07; short-term debt falls from €14k to €10k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Hoogstraten · 1 establishment unit since 2014
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.
Ulicotenseweg 512328 HoogstratenGround area
6,135 m²
Building footprint
243 m²
Volume, LiDAR
1,273 m³
Parcel 13022E0173/00C002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MV Art Market
since 20142.230.551.919
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13022E0173/00C002 | Flanders | 6,135 m² | 1 · 243 m² | 8.0 m · 2 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
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Findor
BE 0829.976.639
Dentergem · Eq €3.44M
ESTABLIS GROUP
BE 0861.634.469
Roeselare · Eq €3.19M
Of 6,156 companies in sector 46190 we hold annual accounts for 2,571. 582 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-2014
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
46495Wholesale trade
70200Business and other management consultancy
82990Other business support services
90130Arts creation and performing arts activities
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.