Losses
-€104,569 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
INTERCYCLE
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €232,165 (2020)
-€67,019▼ €58,874
lowest -€71,704 (2025)
-€71,704▼ €65,999
peak €956,659 (2021)
€852,090▼ 7.8%
€40,568▼ 6.1%
peak 1.4 FTE (2006)
-not published
Board3 names since 2021
1 directorRonny Crokaert
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from -€8,145 to -€67,019Loss of €71,704
Key points
from the 2025 annual accountsFilings
32 annual accounts since 1994
Three of the last ten came late. The 2023 accounts came latest: 31 days after the end of the period.
Position in the sector
95.5%
Higher solvency than 95% of companies in wholesale trade. Sector median 45.2% · 6,192 companies.
Checked score
86
Excellent
Financially stronger than 52% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.1%▼ -0.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.3%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €71,704, the second in a row (financial year 2025)
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Equity €852,090 (95.5% of total assets)
Founded in 1993
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 76% on liquidity, 16% on profitability and 28% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as INTERCYCLE has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERCYCLE itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for INTERCYCLE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 21.57 (21.88 in 2024), above the usual 1.5. Short-term debt is 4.5% and cash 17.3% of total assets. 4.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€71,704
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
31 days late
2022
59 days early
2021
41 days early
2020
47 days early
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 72 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451302396
Appointment: Ronny Crokaert (sole director)
General meeting of 20-06-2022 · Gazette deed
3 directors resigning, 1 reappointment
Resignations: Kevin Crokaert, Wendy Crokaert and Ronny Crokaert · Reappointment: Ronny Crokaert (sole director) · Director discharge: Kevin Crokaert · Gazette deed
New establishment in Grimbergen
Kleinewinkellaan 22
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INTERCYCLE Dilbeek | - | - | 95.5% | - |
| AGU BELGIE Antwerp | €0.3m | -35.1% | 62.0% | 2.9 |
| WV1 Ghent | €4.1m | 5.3% | 28.6% | 42.8 |
| WV2 Ghent | €3.9m | 5.5% | 55.0% | 37.8 |
| CODAGEX Dessel | €16.0m | 2.1% | 59.0% | 10.7 |
| SOFIPA Oud-Turnhout | - | - | 8.6% | - |
| HELMETPLUS Roeselare | - | - | -82.0% | - |
These companies have the same main activity as INTERCYCLE: wholesale trade (NACE 46495). They are comparable in size and age: total assets between €441,000 and €4.8m, founded between 1987 and 2020.
Official details
Source: KBO- Status
- Active since 26-11-1993Normal situation
- Activity
- Wholesale tradeNACE 46495and 1 other
- Joint committee
- 149.04Metal trade · annual accounts 2025
- Establishment units
- 2.064.607.1881700 Dilbeek, since 10-12-1993
- 2.254.640.5811853 Grimbergen, since 29-06-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Insights on INTERCYCLE
INTERCYCLE has existed since 1993. The gross margin fell from €133,793 in 2014 to €23,827 in 2015.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INTERCYCLE
- What is the company number of INTERCYCLE?
- The company number of INTERCYCLE is 0451.302.396. The VAT number is the same number with BE in front: BE 0451.302.396.
- Where is INTERCYCLE based?
- The registered office is at Zakstraat 86, 1700 Dilbeek.Company details
- What does INTERCYCLE do?
- According to the KBO register, the main activity is wholesale trade (NACE 46495).
- What is the legal form of INTERCYCLE?
- INTERCYCLE is a public limited company (NV).
- When was INTERCYCLE founded?
- INTERCYCLE was founded on 26-11-1993.
- Is INTERCYCLE still active?
- Yes, INTERCYCLE is an active enterprise in the KBO register.
- How many employees does INTERCYCLE have?
- INTERCYCLE had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does INTERCYCLE fall under?
- In its 2025 annual accounts, INTERCYCLE states joint committee 149.04 (Metal trade).
- What is the turnover of INTERCYCLE?
- The annual accounts for financial year 2025 state no turnover.
- Is INTERCYCLE profitable?
- In financial year 2025, INTERCYCLE made a loss of €71,704.
- Where can I find the annual accounts of INTERCYCLE?
- INTERCYCLE filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INTERCYCLE due?
- INTERCYCLE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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