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Keep Pedalling

Active
Private limited companyfounded 20232 yrs activeLindestraat 38, 9200 Dendermonde, BelgiumKBO/BCE: BE 1003.183.896
Summary

The computed 12-month bankruptcy probability of Keep Pedalling is 2.6% (moderate). The 2025 annual accounts show negative equity (-€32,473) and a net result of -€28,541. Equity is shrinking by ~418.4% per year across the filed fiscal years. Its solvency ranks better than 6% of 7081 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-42
Solvency0▼-19
Growth32=
Track record82
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.84 in 2024; short-term debt: 124% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-85.4%
Return on assets
-75%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€32,473
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 3 filings
Deviation from the deadline
2025
24 d late
2024
128 d early
2023
96 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Keep Pedalling was incorporated on 8 December 2023 as a Private limited company.1 Total assets rose from EUR 1,225 in 2023 to EUR 38,044 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€32,473▼ 726%
2024 · -€3,931
Total assets
€38,044▼ 43.6%
2024 · €67,492
Net result
-€28,541▼ 555%
2024 · -€4,360
Working capital
-€27,813▼ 355%
2024 · -€6,113
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€2,062--€135▲ 93.4%-€24,957▼ 18,359%
Net result-€2,072below the sector's middle half--€4,360below the sector's middle half▼ 110%-€28,541below the sector's middle half▼ 555%
Equity€428below the sector's middle half--€3,931below the sector's middle half-€32,473below the sector's middle half▼ 726%
Total assets€1,225below the sector's middle half-€67,492within the sector's middle half▲ 5,411%€38,044below the sector's middle half▼ 43.6%
Debt€797-€71,423▲ 8,867%€70,517▼ 1.3%
Working capital€428--€6,113-€27,813▼ 355%
Solvency-5.8%below the sector's middle half-85.4%below the sector's middle half▼ 79.5pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2023: -€2,062-€2,062Net result 2023: -€2,072-€2,072Operating result 2024: -€135-€135Net result 2024: -€4,360-€4,360Operating result 2025: -€24,957-€24,957Net result 2025: -€28,541-€28,541202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€2,062-€2,060Net result 2023: -€2,072-€2,070Operating result 2024: -€135-€135Net result 2024: -€4,360-€4,360Operating result 2025: -€24,957-€25,000Net result 2025: -€28,541-€28,500202320242025
The operating result stays negative: a loss of €24,957 in 2025 against €135 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,044
Fixed assets €18,701 ▼ 47.5%
Current assets €19,342 ▼ 39.4%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€8,061▼
2024 · €14,956
Cash flow
-€11,645▼
2024 · €10,731
Current ratio
0.41▼
2024 · 0.84
Debt to equity
-2.17▲
2024 · -18.17
ROA
-75.0%▼
2024 · -6.5%
Interest coverage
-1.58▼
2024 · 3.77
Debt ≤ 1 year
€47,156▲
2024 · €38,008
Debt > 1 year
€23,361▼
2024 · €33,416
Income taxes
-€265▼
2024 · €849
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,663 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€67,492€38,044▼
Fixed assets21/28€35,598€18,701▼
Tangible fixed assets22/27€35,598€18,701▼
Furniture and vehicles24€35,598€18,701▼
Current assets29/58€31,894€19,342▼
Amounts receivable within one year40/41€31,710€19,342▼
Trade receivables40€6,527€4,889▼
Other amounts receivable41€25,183€14,453▼
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€185€0▼
Equity and liabilities
Total equity and liabilities10/49€67,492€38,044▼
Equity10/15-€3,931-€32,473▼
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€6,431-€34,973▼
Amounts payable17/49€71,423€70,517▼
Amounts payable after more than one year17€33,416€23,361▼
Financial debts170/4€33,416€23,361▼
Amounts payable within one year42/48€38,008€47,156▲
Current portion of amounts payable after more than one year42€9,623€10,055▲
Financial debts43€14,453€15,849▲
Credit institutions430/8€14,453€15,849▲
Trade debts44€1,332€2,182▲
Suppliers440/4€1,332€2,182▲
Taxes, remuneration and social security45€12,600€19,070▲
Taxes450/3€12,600€16,220▲
Remuneration and social security454/9-€2,850
Other amounts payable47/48€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,091€16,896▲
Other operating charges640/8€438€846▲
Non-recurring operating charges66A€49,314€0▼
Gross operating margin9900€64,708-€7,215▼
Operating profit (loss)9901-€135-€24,957▼
Financial income75/76B€592€1,260▲
Recurring financial income75€592€1,260▲
Financial charges65/66B€3,967€5,110▲
Recurring financial charges65€3,967€5,110▲
Profit (loss) for the period before taxes9903-€3,510-€28,807▼
Income taxes67/77€849-€265▼
Profit (loss) for the period9904-€4,360-€28,541▼
Profit (loss) for the period to be appropriated9905-€4,360-€28,541▼
Appropriation of the result
Profit (loss) to be appropriated9906-€6,431-€34,973▼
Profit (loss) brought forward from the previous period14P-€2,072-€6,431▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15,091€16,896▲ 12.0%
Other operating charges640/8-€438€846▲ 93.1%
Non-recurring operating charges66A-€49,314€0▼ 100%
Gross operating margin9900-€2,062€64,708-€7,215▼ 111%
Operating profit (loss)9901-€2,062-€135-€24,957▼ 18,359%
Financial income75/76B€0€592€1,260▲ 113%
Recurring financial income75€0€592€1,260▲ 113%
Financial charges65/66B€10€3,967€5,110▲ 28.8%
Recurring financial charges65€10€3,967€5,110▲ 28.8%
Profit (loss) for the period before taxes9903-€2,072-€3,510-€28,807▼ 721%
Income taxes67/77-€849-€265▼ 131%
Profit (loss) for the period9904-€2,072-€4,360-€28,541▼ 555%
Profit (loss) for the period to be appropriated9905-€2,072-€4,360-€28,541▼ 555%
Line202320242025Change
Assets
Total assets20/58€1,225€67,492€38,044▼ 43.6%
Fixed assets21/28-€35,598€18,701▼ 47.5%
Tangible fixed assets22/27-€35,598€18,701▼ 47.5%
Furniture and vehicles24-€35,598€18,701▼ 47.5%
Current assets29/58€1,225€31,894€19,342▼ 39.4%
Amounts receivable within one year40/41€307€31,710€19,342▼ 39.0%
Trade receivables40-€6,527€4,889▼ 25.1%
Other amounts receivable41€307€25,183€14,453▼ 42.6%
Cash at bank and in hand54/58€918€0--
Deferred charges and accrued income490/1-€185€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1,225€67,492€38,044▼ 43.6%
Equity10/15€428-€3,931-€32,473▼ 726%
Contributions10/11€2,500€2,500€2,500=
Profit (loss) carried forward14-€2,072-€6,431-€34,973▼ 444%
Amounts payable17/49€797€71,423€70,517▼ 1.3%
Amounts payable after more than one year17-€33,416€23,361▼ 30.1%
Financial debts170/4-€33,416€23,361▼ 30.1%
Amounts payable within one year42/48€797€38,008€47,156▲ 24.1%
Current portion of amounts payable after more than one year42-€9,623€10,055▲ 4.5%
Financial debts43-€14,453€15,849▲ 9.7%
Credit institutions430/8-€14,453€15,849▲ 9.7%
Trade debts44€714€1,332€2,182▲ 63.8%
Suppliers440/4€714€1,332€2,182▲ 63.8%
Taxes, remuneration and social security45-€12,600€19,070▲ 51.3%
Taxes450/3-€12,600€16,220▲ 28.7%
Remuneration and social security454/9--€2,850-
Other amounts payable47/48€82€0--
Line202320242025Change
Profit (loss) for the period9904-€2,072-€4,360-€28,541▼ 555%
+ Depreciation and write-downs630-€15,091€16,896▲ 12.0%
Operating cash flow (approximation)-€2,072€10,731-€11,645▼ 209%
Investment in fixed assets (approximation)--€0-
Change in cash--€918--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial Weakest financial yearnet -€28,541
Net result drops to -€28,541, the lowest in the series.
25-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Dendermonde · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
586 m²
Building footprint
133 m²
Volume, LiDAR
196 m³
Parcel 42001B0473/00F002, Flanders · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Keep Pedalling
Lindestraat 38, 9200 DendermondeComputing infrastructure, data processing, hosting and other information service activities
since 20232.352.903.660
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42001B0473/00F002 Flanders 586 m² 1 · 133 m² 3.9 m · 1 fl.
Linked by address, not proof of ownership
Good to know
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

Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 418 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46495Wholesale trade
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003183896
Also 9925:BE1003183896
Registered 20-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.